10-Q Filing

CITI TRENDS INC CIK: 1318484 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001104659-13-067891`
Period End Date	20130731
Filing Date	20130904
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	ctrn-20130803.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 63 Cash Flow Statement 66

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Property and equipment, accumulated depreciation and amortization (in dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$153.15M	USD	Point-in-time
Property and equipment, accumulated depreciation and amortization (in dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$142.77M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$51.73M	USD	Point-in-time
Common stock, Authorized shares	`CommonStockSharesAuthorized`	32.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$61.24M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.63M	shares	Point-in-time
Short-term investment securities	`ShortTermInvestments`	$12.77M	USD	Point-in-time
Short-term investment securities	`ShortTermInvestments`	$15.85M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.30M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.13M	shares	Point-in-time
Inventory	`InventoryNet`	$120.40M	USD	Point-in-time
Inventory	`InventoryNet`	$141.47M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.46M	shares	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
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$13.53M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$699.00K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.13M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNetCurrent`	$6.09M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNetCurrent`	$4.41M	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`	$217.54M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$210.79M	USD	Point-in-time
Property and equipment, net of accumulated depreciation and amortization of $153,147 and $142,770 as of August 3, 2013 and February 2, 2013, respectively	`PropertyPlantAndEquipmentNet`	$71.00M	USD	Point-in-time
Property and equipment, net of accumulated depreciation and amortization of $153,147 and $142,770 as of August 3, 2013 and February 2, 2013, respectively	`PropertyPlantAndEquipmentNet`	$65.21M	USD	Point-in-time
Long-term investment securities	`LongTermInvestments`	$8.35M	USD	Point-in-time
Long-term investment securities	`LongTermInvestments`	$5.75M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$3.86M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$5.59M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$716.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$741.00K	USD	Point-in-time
Total assets	`Assets`	$297.40M	USD	Point-in-time
Total assets	`Assets`	$292.14M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$62.69M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$64.29M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$14.44M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$16.04M	USD	Point-in-time
Accrued compensation	`AccruedEmployeeBenefitsCurrent`	$8.13M	USD	Point-in-time
Accrued compensation	`AccruedEmployeeBenefitsCurrent`	$8.95M	USD	Point-in-time
Layaway deposits	`CustomerAdvancesCurrent`	$660.00K	USD	Point-in-time
Layaway deposits	`CustomerAdvancesCurrent`	$1.90M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$91.19M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$85.91M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$10.26M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$8.74M	USD	Point-in-time
Total liabilities	`Liabilities`	$99.93M	USD	Point-in-time
Total liabilities	`Liabilities`	$96.17M	USD	Point-in-time
Common stock, $0.01 par value. Authorized 32,000,000 shares; 15,626,497 shares issued as of August 3, 2013 and 15,295,780 shares issued as of February 2, 2013; 15,460,747 shares outstanding as of August 3, 2013 and 15,130,030 outstanding as of February 2, 2013	`CommonStockValue`	$150.00K	USD	Point-in-time
Common stock, $0.01 par value. Authorized 32,000,000 shares; 15,626,497 shares issued as of August 3, 2013 and 15,295,780 shares issued as of February 2, 2013; 15,460,747 shares outstanding as of August 3, 2013 and 15,130,030 outstanding as of February 2, 2013	`CommonStockValue`	$149.00K	USD	Point-in-time
Paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$81.21M	USD	Point-in-time
Paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$80.38M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$115.61M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$116.28M	USD	Point-in-time
Treasury stock, at cost; 165,750 shares as of August 3, 2013 and February 2, 2013	`TreasuryStockValue`	$165.00K	USD	Point-in-time
Treasury stock, at cost; 165,750 shares as of August 3, 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`	$197.47M	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`	$292.14M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$297.40M	USD	Point-in-time

Income Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$330.01M	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$132.32M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$319.65M	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$137.82M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$202.80M	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$210.93M	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$88.30M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$87.90M	USD	1 Quarter
Gross profit	`GrossProfit`	$49.52M	USD	1 Quarter
Gross profit	`GrossProfit`	$119.08M	USD	2 Qtrs
Gross profit	`GrossProfit`	$116.84M	USD	2 Qtrs
Gross profit	`GrossProfit`	$44.41M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$51.92M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$103.60M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$50.93M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$103.83M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.04M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.26M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.67M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$12.18M	USD	2 Qtrs
Asset impairment	`AssetImpairmentCharges`	$681.00K	USD	2 Qtrs
Asset impairment	`AssetImpairmentCharges`	-	USD	2 Qtrs
Asset impairment	`AssetImpairmentCharges`	$654.00K	USD	1 Quarter
Income (Loss) from operations	`OperatingIncomeLoss`	$-12.55M	USD	1 Quarter
Income (Loss) from operations	`OperatingIncomeLoss`	$-8.72M	USD	1 Quarter
Income (Loss) from operations	`OperatingIncomeLoss`	$3.30M	USD	2 Qtrs
Income (Loss) from operations	`OperatingIncomeLoss`	$1.07M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$67.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$135.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$66.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$128.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$96.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$64.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$49.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$113.00K	USD	2 Qtrs
Income (loss) before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-12.55M	USD	1 Quarter
Income (loss) before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-8.70M	USD	1 Quarter
Income (loss) before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.31M	USD	2 Qtrs
Income (loss) before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.11M	USD	2 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-4.63M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-3.21M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$442.00K	USD	2 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$1.13M	USD	2 Qtrs
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-5.49M	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.18M	USD	2 Qtrs
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-7.92M	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$671.00K	USD	2 Qtrs
Basic net income (loss) per common share (in dollars per share)	`EarningsPerShareBasic`	$0.15	USD	2 Qtrs
Basic net income (loss) per common share (in dollars per share)	`EarningsPerShareBasic`	$-0.54	USD	1 Quarter
Basic net income (loss) per common share (in dollars per share)	`EarningsPerShareBasic`	$-0.37	USD	1 Quarter
Basic net income (loss) per common share (in dollars per share)	`EarningsPerShareBasic`	$0.05	USD	2 Qtrs
Diluted net income (loss) per common share (in dollars per share)	`EarningsPerShareDiluted`	$-0.37	USD	1 Quarter
Diluted net income (loss) per common share (in dollars per share)	`EarningsPerShareDiluted`	$-0.54	USD	1 Quarter
Diluted net income (loss) per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.15	USD	2 Qtrs
Diluted net income (loss) per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.05	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	14.78M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	14.65M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	14.80M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	14.67M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.66M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.80M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.67M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.78M	shares	2 Qtrs

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-5.49M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.18M	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-7.92M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$671.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.04M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.26M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.67M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$12.18M	USD	2 Qtrs
Asset impairment	`AssetImpairmentCharges`	$681.00K	USD	2 Qtrs
Asset impairment	`AssetImpairmentCharges`	-	USD	2 Qtrs
Asset impairment	`AssetImpairmentCharges`	$654.00K	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-10.00K	USD	2 Qtrs
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-1.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-40.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-852.00K	USD	2 Qtrs
Noncash stock-based compensation expense	`ShareBasedCompensation`	$1.23M	USD	2 Qtrs
Noncash stock-based compensation expense	`ShareBasedCompensation`	$1.77M	USD	2 Qtrs
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$-432.00K	USD	2 Qtrs
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$-356.00K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-21.07M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$2.25M	USD	2 Qtrs
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.88M	USD	2 Qtrs
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-391.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-24.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-25.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-6.98M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.60M	USD	2 Qtrs
Accrued expenses and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilities`	$1.36M	USD	2 Qtrs
Accrued expenses and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-236.00K	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$447.00K	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$822.00K	USD	2 Qtrs
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-79.00K	USD	2 Qtrs
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-4.45M	USD	2 Qtrs
Layaway deposits	`IncreaseDecreaseInCustomerAdvances`	$1.24M	USD	2 Qtrs
Layaway deposits	`IncreaseDecreaseInCustomerAdvances`	$1.39M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$14.02M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$36.43M	USD	2 Qtrs
Sales/redemptions of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$2.71M	USD	2 Qtrs
Sales/redemptions of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$34.00K	USD	2 Qtrs
Purchases of investment securities	`PaymentsToAcquireMarketableSecurities`	$8.39M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquireProductiveAssets`	$5.84M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquireProductiveAssets`	$3.53M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-3.49M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-11.51M	USD	2 Qtrs
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$-432.00K	USD	2 Qtrs
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$-356.00K	USD	2 Qtrs
Shares acquired to settle withholding taxes on the vesting of nonvested restricted stock	`CashUsedToSettleWithholdingTaxesOnStockOptionExercises`	$583.00K	USD	2 Qtrs
Shares acquired to settle withholding taxes on the vesting of nonvested restricted stock	`CashUsedToSettleWithholdingTaxesOnStockOptionExercises`	$355.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-787.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-939.00K	USD	2 Qtrs
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$23.98M	USD	2 Qtrs
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$9.74M	USD	2 Qtrs
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$37.26M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$41.99M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$51.73M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$61.24M	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`	$51.73M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$61.24M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$77.00K	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	$63.00K	USD	2 Qtrs
Cash payments (refunds) of income taxes	`IncomeTaxesPaid`	$403.00K	USD	2 Qtrs
Cash payments (refunds) of income taxes	`IncomeTaxesPaid`	$-2.47M	USD	2 Qtrs
Increase (decrease) in accrual for purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$325.00K	USD	2 Qtrs
Increase (decrease) in accrual for purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$-884.00K	USD	2 Qtrs

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