10-Q Filing

CITI TRENDS INC CIK: 1318484 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001104659-13-048212`
Period End Date	20130430
Filing Date	20130611
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	ctrn-20130504.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 31 Cash Flow Statement 59

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Property and equipment, accumulated depreciation and amortization (in dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$142.77M	USD	Point-in-time
Property and equipment, accumulated depreciation and amortization (in dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$147.71M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.26M	USD	Point-in-time
Common stock, Authorized shares	`CommonStockSharesAuthorized`	32.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$41.99M	USD	Point-in-time
Common stock, Authorized shares	`CommonStockSharesAuthorized`	32.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$63.96M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$64.06M	USD	Point-in-time
Short-term investment securities	`ShortTermInvestments`	$16.25M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.61M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.30M	shares	Point-in-time
Short-term investment securities	`ShortTermInvestments`	$12.77M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.44M	shares	Point-in-time
Inventory	`InventoryNet`	$141.47M	USD	Point-in-time
Inventory	`InventoryNet`	$108.51M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.13M	shares	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.90M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.65M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	165,750.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	165,750.00	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.13M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNetCurrent`	$4.95M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNetCurrent`	$6.09M	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`	$206.09M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$210.79M	USD	Point-in-time
Property and equipment, net of accumulated depreciation and amortization of $147,705 and $142,770 as of May 4, 2013 and February 2, 2013, respectively	`PropertyPlantAndEquipmentNet`	$69.20M	USD	Point-in-time
Property and equipment, net of accumulated depreciation and amortization of $147,705 and $142,770 as of May 4, 2013 and February 2, 2013, respectively	`PropertyPlantAndEquipmentNet`	$71.00M	USD	Point-in-time
Long-term investment securities	`LongTermInvestments`	$5.75M	USD	Point-in-time
Long-term investment securities	`LongTermInvestments`	$1.77M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$3.84M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$3.86M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$741.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$731.00K	USD	Point-in-time
Total assets	`Assets`	$292.14M	USD	Point-in-time
Total assets	`Assets`	$281.64M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$62.69M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$40.50M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$14.44M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$16.18M	USD	Point-in-time
Accrued compensation	`AccruedEmployeeBenefitsCurrent`	$10.14M	USD	Point-in-time
Accrued compensation	`AccruedEmployeeBenefitsCurrent`	$8.13M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$1.50M	USD	Point-in-time
Layaway deposits	`CustomerAdvancesCurrent`	$1.60M	USD	Point-in-time
Layaway deposits	`CustomerAdvancesCurrent`	$660.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$85.91M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$69.92M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$9.51M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$10.26M	USD	Point-in-time
Total liabilities	`Liabilities`	$96.17M	USD	Point-in-time
Total liabilities	`Liabilities`	$79.44M	USD	Point-in-time
Common stock, $0.01 par value. Authorized 32,000,000 shares; 15,610,002 shares issued as of May 4, 2013 and 15,295,780 shares issued as of February 2, 2013; 15,444,252 shares outstanding as of May 4, 2013 and 15,130,030 outstanding as of February 2, 2013	`CommonStockValue`	$149.00K	USD	Point-in-time
Common stock, $0.01 par value. Authorized 32,000,000 shares; 15,610,002 shares issued as of May 4, 2013 and 15,295,780 shares issued as of February 2, 2013; 15,444,252 shares outstanding as of May 4, 2013 and 15,130,030 outstanding as of February 2, 2013	`CommonStockValue`	$150.00K	USD	Point-in-time
Paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$80.44M	USD	Point-in-time
Paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$80.38M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$121.77M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$115.61M	USD	Point-in-time
Treasury stock, at cost; 165,750 shares as of May 4, 2013 and February 2, 2013	`TreasuryStockValue`	$165.00K	USD	Point-in-time
Treasury stock, at cost; 165,750 shares as of May 4, 2013 and February 2, 2013	`TreasuryStockValue`	$165.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$195.97M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$202.20M	USD	Point-in-time
Commitments and contingencies (note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$292.14M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$281.64M	USD	Point-in-time

Income Statement 31 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$181.83M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$197.69M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$114.50M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$123.03M	USD	1 Quarter
Gross profit	`GrossProfit`	$67.32M	USD	1 Quarter
Gross profit	`GrossProfit`	$74.67M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$51.91M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$52.67M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.14M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.59M	USD	1 Quarter
Asset impairment	`AssetImpairmentCharges`	$27.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$15.85M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$9.79M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$62.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$68.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$47.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$49.00K	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$15.87M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$9.81M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$5.76M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$3.65M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$6.16M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$10.10M	USD	1 Quarter
Basic net income per common share (in dollars per share)	`EarningsPerShareBasic`	$0.42	USD	1 Quarter
Basic net income per common share (in dollars per share)	`EarningsPerShareBasic`	$0.69	USD	1 Quarter
Diluted net income per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.69	USD	1 Quarter
Diluted net income per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.42	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	14.75M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	14.64M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.64M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.75M	shares	1 Quarter

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$6.16M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$10.10M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.14M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.59M	USD	1 Quarter
Asset impairment	`AssetImpairmentCharges`	$27.00K	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-1.00K	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-10.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.16M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-341.00K	USD	1 Quarter
Noncash stock-based compensation expense	`ShareBasedCompensation`	$544.00K	USD	1 Quarter
Noncash stock-based compensation expense	`ShareBasedCompensation`	$968.00K	USD	1 Quarter
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$-428.00K	USD	1 Quarter
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$-444.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-16.52M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-32.96M	USD	1 Quarter
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$254.00K	USD	1 Quarter
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-457.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-10.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-13.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-22.19M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-18.95M	USD	1 Quarter
Accrued expenses and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-64.00K	USD	1 Quarter
Accrued expenses and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilities`	$191.00K	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-1.30M	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$2.01M	USD	1 Quarter
Income tax receivable/payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$9.64M	USD	1 Quarter
Income tax receivable/payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$2.21M	USD	1 Quarter
Layaway deposits	`IncreaseDecreaseInCustomerAdvances`	$1.37M	USD	1 Quarter
Layaway deposits	`IncreaseDecreaseInCustomerAdvances`	$941.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$30.22M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$24.59M	USD	1 Quarter
Sales/redemptions of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$507.00K	USD	1 Quarter
Sales/redemptions of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$17.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquireProductiveAssets`	$3.02M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquireProductiveAssets`	$1.85M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.83M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.51M	USD	1 Quarter
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$-444.00K	USD	1 Quarter
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$-428.00K	USD	1 Quarter
Shares acquired to settle withholding taxes on the vesting of nonvested restricted stock	`CashUsedToSettleWithholdingTaxesOnStockOptionExercises`	$474.00K	USD	1 Quarter
Shares acquired to settle withholding taxes on the vesting of nonvested restricted stock	`CashUsedToSettleWithholdingTaxesOnStockOptionExercises`	$334.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-778.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-902.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$26.80M	USD	1 Quarter
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$21.98M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$37.26M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$41.99M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$63.96M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$64.06M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$37.26M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$41.99M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$63.96M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$64.06M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$31.00K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$31.00K	USD	1 Quarter
Cash payments (refunds) of income taxes	`IncomeTaxesPaid`	$289.00K	USD	1 Quarter
Cash payments (refunds) of income taxes	`IncomeTaxesPaid`	$-3.54M	USD	1 Quarter
Increase (decrease) in accrual for purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$810.00K	USD	1 Quarter
Increase (decrease) in accrual for purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$-615.00K	USD	1 Quarter

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