10-Q Filing

CITI TRENDS INC CIK: 1318484 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001104659-14-045004`
Period End Date	20140430
Filing Date	20140610
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	ctrn-20140503.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 29 Cash Flow Statement 60

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Property and equipment, accumulated depreciation (in dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$167.00M	USD	Point-in-time
Property and equipment, accumulated depreciation (in dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$161.87M	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`	$81.43M	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`	$64.06M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$58.93M	USD	Point-in-time
Common stock, Authorized shares	`CommonStockSharesAuthorized`	32.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.75M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.60M	shares	Point-in-time
Short-term investment securities	`ShortTermInvestments`	$7.34M	USD	Point-in-time
Short-term investment securities	`ShortTermInvestments`	$6.00M	USD	Point-in-time
Inventory	`InventoryNet`	$112.72M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.44M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.58M	shares	Point-in-time
Inventory	`InventoryNet`	$126.50M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$11.22M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	165,750.00	shares	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$12.71M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	165,750.00	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$394.00K	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNetCurrent`	$4.71M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNetCurrent`	$4.17M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$207.76M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$218.38M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of 167,005 and $161,868 as of May 3, 2014 and February 1, 2014, respectively	`PropertyPlantAndEquipmentNet`	$56.15M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of 167,005 and $161,868 as of May 3, 2014 and February 1, 2014, respectively	`PropertyPlantAndEquipmentNet`	$52.96M	USD	Point-in-time
Long-term investment securities	`LongTermInvestments`	$19.10M	USD	Point-in-time
Long-term investment securities	`LongTermInvestments`	$19.78M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$6.93M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$6.81M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$673.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$686.00K	USD	Point-in-time
Total assets	`Assets`	$297.92M	USD	Point-in-time
Total assets	`Assets`	$291.31M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$51.60M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$60.04M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$14.65M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$15.82M	USD	Point-in-time
Accrued compensation	`AccruedEmployeeBenefitsCurrent`	$9.55M	USD	Point-in-time
Accrued compensation	`AccruedEmployeeBenefitsCurrent`	$10.38M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$3.72M	USD	Point-in-time
Layaway deposits	`CustomerAdvancesCurrent`	$515.00K	USD	Point-in-time
Layaway deposits	`CustomerAdvancesCurrent`	$1.43M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$82.97M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$84.75M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$6.81M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$7.69M	USD	Point-in-time
Total liabilities	`Liabilities`	$92.44M	USD	Point-in-time
Total liabilities	`Liabilities`	$89.78M	USD	Point-in-time
Common stock, $0.01 par value. Authorized 32,000,000 shares; 15,745,797 shares issued as of May 3, 2014 and 15,604,805 shares issued as of February 1, 2014; 15,580,047 shares outstanding as of May 3, 2014 and 15,439,055 outstanding as of February 1, 2014	`CommonStockValue`	$151.00K	USD	Point-in-time
Common stock, $0.01 par value. Authorized 32,000,000 shares; 15,745,797 shares issued as of May 3, 2014 and 15,604,805 shares issued as of February 1, 2014; 15,580,047 shares outstanding as of May 3, 2014 and 15,439,055 outstanding as of February 1, 2014	`CommonStockValue`	$150.00K	USD	Point-in-time
Paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$82.81M	USD	Point-in-time
Paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$83.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$116.07M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$125.15M	USD	Point-in-time
Treasury stock, at cost; 165,750 shares as of May 3, 2014 and February 1, 2014	`TreasuryStockValue`	$165.00K	USD	Point-in-time
Treasury stock, at cost; 165,750 shares as of May 3, 2014 and February 1, 2014	`TreasuryStockValue`	$165.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$208.14M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$198.87M	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`	$297.92M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$291.31M	USD	Point-in-time

Income Statement 29 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$181.83M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$188.02M	USD	1 Quarter
Cost of sales (exclusive of depreciation shown separately below)	`CostOfGoodsSold`	$114.77M	USD	1 Quarter
Cost of sales (exclusive of depreciation shown separately below)	`CostOfGoodsSold`	$114.50M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$53.98M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$51.91M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$5.16M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$5.59M	USD	1 Quarter
Asset impairment	`AssetImpairmentCharges`	$27.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$9.79M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$14.11M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$53.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$68.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$48.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$47.00K	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$9.81M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$14.12M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$3.65M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$5.04M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$9.08M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$6.16M	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`	$0.61	USD	1 Quarter
Diluted net income per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.42	USD	1 Quarter
Diluted net income per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.61	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	14.75M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	14.90M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.90M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.75M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$9.08M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$6.16M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$5.16M	USD	1 Quarter
Depreciation	`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`	$-1.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.16M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$661.00K	USD	1 Quarter
Noncash stock-based compensation expense	`ShareBasedCompensation`	$1.19M	USD	1 Quarter
Noncash stock-based compensation expense	`ShareBasedCompensation`	$968.00K	USD	1 Quarter
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$236.00K	USD	1 Quarter
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$-428.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-13.78M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-32.96M	USD	1 Quarter
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.49M	USD	1 Quarter
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$254.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-13.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-10.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-22.19M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-8.43M	USD	1 Quarter
Accrued expenses and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilities`	$191.00K	USD	1 Quarter
Accrued expenses and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilities`	$181.00K	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$837.00K	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$2.01M	USD	1 Quarter
Income tax receivable/payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$2.21M	USD	1 Quarter
Income tax receivable/payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$4.35M	USD	1 Quarter
Layaway deposits	`IncreaseDecreaseInCustomerAdvances`	$919.00K	USD	1 Quarter
Layaway deposits	`IncreaseDecreaseInCustomerAdvances`	$941.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$26.01M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$30.22M	USD	1 Quarter
Sales/redemptions of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$4.09M	USD	1 Quarter
Sales/redemptions of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$507.00K	USD	1 Quarter
Purchases of investment securities	`PaymentsToAcquireMarketableSecurities`	$4.75M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquireProductiveAssets`	$1.85M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquireProductiveAssets`	$3.02M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.51M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.51M	USD	1 Quarter
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$236.00K	USD	1 Quarter
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$-428.00K	USD	1 Quarter
Cash used to settle withholding taxes on the vesting of nonvested restricted stock	`CashUsedToSettleWithholdingTaxesOnStockOptionExercises`	$474.00K	USD	1 Quarter
Cash used to settle withholding taxes on the vesting of nonvested restricted stock	`CashUsedToSettleWithholdingTaxesOnStockOptionExercises`	$1.24M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-902.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.00M	USD	1 Quarter
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$22.50M	USD	1 Quarter
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$26.80M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$81.43M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$37.26M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$64.06M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$58.93M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$81.43M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$37.26M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$64.06M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$58.93M	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 of income taxes	`IncomeTaxesPaid`	$25.00K	USD	1 Quarter
Cash payments of income taxes	`IncomeTaxesPaid`	$289.00K	USD	1 Quarter
Increase in accrual for purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$810.00K	USD	1 Quarter
Increase in accrual for purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$121.00K	USD	1 Quarter

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