10-Q Filing

CITI TRENDS INC CIK: 1318484 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001104659-12-081992`
Period End Date	20121031
Filing Date	20121205
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	ctrn-20121027.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 64 Cash Flow Statement 67

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Property and equipment, accumulated depreciation and amortization (in dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$118.88M	USD	Point-in-time
Property and equipment, accumulated depreciation and amortization (in dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$137.00M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, Authorized shares	`CommonStockSharesAuthorized`	32.00M	shares	Point-in-time
Common stock, Authorized shares	`CommonStockSharesAuthorized`	32.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.31M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.06M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$41.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$36.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$69.23M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.23M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	14.90M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.14M	shares	Point-in-time
Short-term investment securities	`ShortTermInvestments`	$902.00K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	165,750.00	shares	Point-in-time
Short-term investment securities	`ShortTermInvestments`	$4.73M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	165,750.00	shares	Point-in-time
Inventory	`InventoryNet`	$131.53M	USD	Point-in-time
Inventory	`InventoryNet`	$146.70M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.52M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$11.00M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$11.20M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$2.88M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNetCurrent`	$5.83M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNetCurrent`	$6.14M	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleCurrent`	$1.42M	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleCurrent`	$1.42M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$209.07M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$203.38M	USD	Point-in-time
Property and equipment, net of accumulated depreciation and amortization of $136,997 and $118,875 as of October 27, 2012 and January 28, 2012, respectively	`PropertyPlantAndEquipmentNet`	$76.20M	USD	Point-in-time
Property and equipment, net of accumulated depreciation and amortization of $136,997 and $118,875 as of October 27, 2012 and January 28, 2012, respectively	`PropertyPlantAndEquipmentNet`	$90.54M	USD	Point-in-time
Long-term investment securities	`LongTermInvestments`	$18.84M	USD	Point-in-time
Long-term investment securities	`LongTermInvestments`	$14.96M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNetNoncurrent`	$1.51M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNetNoncurrent`	$1.22M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$756.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$798.00K	USD	Point-in-time
Total assets	`Assets`	$302.49M	USD	Point-in-time
Total assets	`Assets`	$314.78M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$78.94M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$67.10M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$15.73M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$16.96M	USD	Point-in-time
Accrued compensation	`AccruedEmployeeBenefitsCurrent`	$10.35M	USD	Point-in-time
Accrued compensation	`AccruedEmployeeBenefitsCurrent`	$8.73M	USD	Point-in-time
Layaway deposits	`CustomerAdvancesCurrent`	$2.54M	USD	Point-in-time
Layaway deposits	`CustomerAdvancesCurrent`	$603.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$95.33M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$105.62M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$11.13M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$12.76M	USD	Point-in-time
Total liabilities	`Liabilities`	$118.37M	USD	Point-in-time
Total liabilities	`Liabilities`	$106.46M	USD	Point-in-time
Common stock, $0.01 par value. Authorized 32,000,000 shares; 15,305,570 shares issued as of October 27, 2012 and 15,062,300 shares issued as of January 28, 2012; 15,139,820 shares outstanding as of October 27, 2012 and 14,896,550 outstanding as of January 28, 2012	`CommonStockValue`	$148.00K	USD	Point-in-time
Common stock, $0.01 par value. Authorized 32,000,000 shares; 15,305,570 shares issued as of October 27, 2012 and 15,062,300 shares issued as of January 28, 2012; 15,139,820 shares outstanding as of October 27, 2012 and 14,896,550 outstanding as of January 28, 2012	`CommonStockValue`	$148.00K	USD	Point-in-time
Paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$78.59M	USD	Point-in-time
Paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$79.74M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$116.31M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$117.83M	USD	Point-in-time
Treasury stock, at cost; 165,750 shares as of October 27, 2012 and January 28, 2012	`TreasuryStockValue`	$165.00K	USD	Point-in-time
Treasury stock, at cost; 165,750 shares as of October 27, 2012 and January 28, 2012	`TreasuryStockValue`	$165.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$196.40M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$196.03M	USD	Point-in-time
Commitments and contingencies (note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$314.78M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$302.49M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$143.07M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$148.99M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$462.47M	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$479.00M	USD	3 Qtrs
Cost of sales	`CostOfGoodsSold`	$308.74M	USD	3 Qtrs
Cost of sales	`CostOfGoodsSold`	$295.79M	USD	3 Qtrs
Cost of sales	`CostOfGoodsSold`	$94.91M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$97.81M	USD	1 Quarter
Gross profit	`GrossProfit`	$170.26M	USD	3 Qtrs
Gross profit	`GrossProfit`	$166.68M	USD	3 Qtrs
Gross profit	`GrossProfit`	$48.16M	USD	1 Quarter
Gross profit	`GrossProfit`	$51.18M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$51.13M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$154.73M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$154.82M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$53.06M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.97M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$18.15M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.45M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$18.39M	USD	3 Qtrs
Asset impairment	`AssetImpairmentCharges`	$2.31M	USD	3 Qtrs
Asset impairment	`AssetImpairmentCharges`	$696.00K	USD	1 Quarter
Asset impairment	`AssetImpairmentCharges`	$660.00K	USD	3 Qtrs
Asset impairment	`AssetImpairmentCharges`	$660.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-8.83M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-6.58M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-12.05M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-3.29M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$66.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$61.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$194.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$180.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$17.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$163.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$27.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$50.00K	USD	1 Quarter
Loss before income tax (benefit) expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-12.01M	USD	1 Quarter
Loss before income tax (benefit) expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-8.68M	USD	3 Qtrs
Loss before income tax (benefit) expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-6.57M	USD	1 Quarter
Loss before income tax (benefit) expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-3.26M	USD	3 Qtrs
Income tax benefit	`IncomeTaxExpenseBenefit`	$-3.98M	USD	3 Qtrs
Income tax benefit	`IncomeTaxExpenseBenefit`	$-5.25M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-1.74M	USD	3 Qtrs
Income tax benefit	`IncomeTaxExpenseBenefit`	$-2.87M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-6.76M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.70M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.52M	USD	3 Qtrs
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-4.70M	USD	3 Qtrs
Basic net loss per common share (in dollars per share)	`EarningsPerShareBasic`	$-0.25	USD	1 Quarter
Basic net loss per common share (in dollars per share)	`EarningsPerShareBasic`	$-0.10	USD	3 Qtrs
Basic net loss per common share (in dollars per share)	`EarningsPerShareBasic`	$-0.46	USD	1 Quarter
Basic net loss per common share (in dollars per share)	`EarningsPerShareBasic`	$-0.32	USD	3 Qtrs
Diluted net loss per common share (in dollars per share)	`EarningsPerShareDiluted`	$-0.10	USD	3 Qtrs
Diluted net loss per common share (in dollars per share)	`EarningsPerShareDiluted`	$-0.46	USD	1 Quarter
Diluted net loss per common share (in dollars per share)	`EarningsPerShareDiluted`	$-0.25	USD	1 Quarter
Diluted net loss per common share (in dollars per share)	`EarningsPerShareDiluted`	$-0.32	USD	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	14.68M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	14.66M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	14.60M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	14.58M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.60M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.58M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.66M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.68M	shares	1 Quarter

Cash Flow Statement 67 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-6.76M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.70M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.52M	USD	3 Qtrs
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-4.70M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.97M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$18.15M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.45M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$18.39M	USD	3 Qtrs
Asset impairment	`AssetImpairmentCharges`	$2.31M	USD	3 Qtrs
Asset impairment	`AssetImpairmentCharges`	$696.00K	USD	1 Quarter
Asset impairment	`AssetImpairmentCharges`	$660.00K	USD	3 Qtrs
Asset impairment	`AssetImpairmentCharges`	$660.00K	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-267.00K	USD	3 Qtrs
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-14.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-601.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-7.00K	USD	3 Qtrs
Noncash stock-based compensation expense	`ShareBasedCompensation`	$1.98M	USD	3 Qtrs
Noncash stock-based compensation expense	`ShareBasedCompensation`	$2.19M	USD	3 Qtrs
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$-463.00K	USD	3 Qtrs
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$860.00K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$5.72M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$15.17M	USD	3 Qtrs
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.21M	USD	3 Qtrs
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$478.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-42.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$229.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-11.84M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.81M	USD	3 Qtrs
Accrued expenses and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilities`	$5.88M	USD	3 Qtrs
Accrued expenses and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilities`	$917.00K	USD	3 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-1.61M	USD	3 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$323.00K	USD	3 Qtrs
Income tax receivable/payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-8.19M	USD	3 Qtrs
Income tax receivable/payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$7.85M	USD	3 Qtrs
Layaway deposits	`IncreaseDecreaseInCustomerAdvances`	$2.92M	USD	3 Qtrs
Layaway deposits	`IncreaseDecreaseInCustomerAdvances`	$1.94M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$788.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$7.54M	USD	3 Qtrs
Sales/redemptions of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$1.08M	USD	3 Qtrs
Sales/redemptions of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$51.00K	USD	3 Qtrs
Purchases of investment securities	`PaymentsToAcquireMarketableSecurities`	$11.05M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquireProductiveAssets`	$5.80M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquireProductiveAssets`	$33.77M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-5.75M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-43.73M	USD	3 Qtrs
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$860.00K	USD	3 Qtrs
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$-463.00K	USD	3 Qtrs
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$23.00K	USD	3 Qtrs
Shares acquired to settle withholding taxes on the vesting of nonvested restricted stock	`CashUsedToSettleWithholdingTaxesOnStockOptionExercises`	$369.00K	USD	3 Qtrs
Shares acquired to settle withholding taxes on the vesting of nonvested restricted stock	`CashUsedToSettleWithholdingTaxesOnStockOptionExercises`	$694.00K	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$189.00K	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-832.00K	USD	3 Qtrs
Net decrease in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-36.01M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-5.79M	USD	3 Qtrs
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$41.99M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$36.20M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$69.23M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$33.23M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$41.99M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$36.20M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$69.23M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$33.23M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$109.00K	USD	3 Qtrs
Cash (refunds) payments of income taxes	`IncomeTaxesPaid`	$4.21M	USD	3 Qtrs
Cash (refunds) payments of income taxes	`IncomeTaxesPaid`	$-8.98M	USD	3 Qtrs
Decrease in accrual for purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$-1.32M	USD	3 Qtrs
Decrease in accrual for purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$-1.31M	USD	3 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.