10-Q Filing

CITI TRENDS INC CIK: 1318484 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001104659-15-044204`
Period End Date	20150430
Filing Date	20150609
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	ctrn-20150502.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 28 Cash Flow Statement 61

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Property and equipment, accumulated depreciation (in dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$181.47M	USD	Point-in-time
Property and equipment, accumulated depreciation (in dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$186.28M	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`	$86.81M	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, Authorized shares	`CommonStockSharesAuthorized`	32.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$74.51M	USD	Point-in-time
Short-term investment securities	`ShortTermInvestments`	$15.85M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.74M	shares	Point-in-time
Short-term investment securities	`ShortTermInvestments`	$20.71M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.72M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.58M	shares	Point-in-time
Inventory	`InventoryNet`	$131.06M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.56M	shares	Point-in-time
Inventory	`InventoryNet`	$116.15M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	165,750.00	shares	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.09M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.60M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	165,750.00	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$973.00K	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNetCurrent`	$3.87M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNetCurrent`	$4.36M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$241.36M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$241.63M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $186,283 and $181,475 as of May 2, 2015 and January 31, 2015, respectively	`PropertyPlantAndEquipmentNet`	$47.60M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $186,283 and $181,475 as of May 2, 2015 and January 31, 2015, respectively	`PropertyPlantAndEquipmentNet`	$44.95M	USD	Point-in-time
Long-term investment securities	`LongTermInvestments`	$21.33M	USD	Point-in-time
Long-term investment securities	`LongTermInvestments`	$22.45M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$5.39M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$6.33M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$638.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$629.00K	USD	Point-in-time
Total assets	`Assets`	$318.37M	USD	Point-in-time
Total assets	`Assets`	$313.92M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$56.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$72.25M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$14.18M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$15.20M	USD	Point-in-time
Accrued compensation	`AccruedEmployeeBenefitsCurrent`	$15.00M	USD	Point-in-time
Accrued compensation	`AccruedEmployeeBenefitsCurrent`	$10.55M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$2.12M	USD	Point-in-time
Layaway deposits	`CustomerAdvancesCurrent`	$1.40M	USD	Point-in-time
Layaway deposits	`CustomerAdvancesCurrent`	$585.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$86.22M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$102.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$5.75M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$5.55M	USD	Point-in-time
Total liabilities	`Liabilities`	$91.77M	USD	Point-in-time
Total liabilities	`Liabilities`	$107.75M	USD	Point-in-time
Common stock, $0.01 par value. Authorized 32,000,000 shares; 15,723,238 shares issued as of May 2, 2015 and 15,743,617 shares issued as of January 31, 2015; 15,557,488 shares outstanding as of May 2, 2015 and 15,577,867 shares outstanding as of January 31, 2015	`CommonStockValue`	$152.00K	USD	Point-in-time
Common stock, $0.01 par value. Authorized 32,000,000 shares; 15,723,238 shares issued as of May 2, 2015 and 15,743,617 shares issued as of January 31, 2015; 15,557,488 shares outstanding as of May 2, 2015 and 15,577,867 shares outstanding as of January 31, 2015	`CommonStockValue`	$153.00K	USD	Point-in-time
Paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$85.84M	USD	Point-in-time
Paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$85.60M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$125.04M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$136.32M	USD	Point-in-time
Treasury stock, at cost; 165,750 shares as of May 2, 2015 and January 31, 2015	`TreasuryStockValue`	$165.00K	USD	Point-in-time
Treasury stock, at cost; 165,750 shares as of May 2, 2015 and January 31, 2015	`TreasuryStockValue`	$165.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$222.15M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$210.62M	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`	$318.37M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$313.92M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$194.91M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$188.02M	USD	1 Quarter
Cost of sales (exclusive of depreciation shown separately below)	`CostOfGoodsSold`	$117.51M	USD	1 Quarter
Cost of sales (exclusive of depreciation shown separately below)	`CostOfGoodsSold`	$114.77M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$55.81M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$53.98M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$4.81M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$5.16M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$16.78M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$14.11M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$53.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$56.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$47.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$48.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$14.12M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$16.79M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$5.04M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$5.51M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$9.08M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$11.28M	USD	1 Quarter
Basic net income per common share	`EarningsPerShareBasic`	$0.61	USD	1 Quarter
Basic net income per common share	`EarningsPerShareBasic`	$0.75	USD	1 Quarter
Diluted net income per common share	`EarningsPerShareDiluted`	$0.74	USD	1 Quarter
Diluted net income per common share	`EarningsPerShareDiluted`	$0.61	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	14.90M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	15.10M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	15.18M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.90M	shares	1 Quarter

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$9.08M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$11.28M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$4.81M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$5.16M	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-24.00K	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-1.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$661.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.43M	USD	1 Quarter
Noncash stock-based compensation expense	`ShareBasedCompensation`	$1.19M	USD	1 Quarter
Noncash stock-based compensation expense	`ShareBasedCompensation`	$1.36M	USD	1 Quarter
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$1.29M	USD	1 Quarter
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$236.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-14.90M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-13.78M	USD	1 Quarter
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.49M	USD	1 Quarter
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-513.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-13.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-9.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-8.43M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-15.30M	USD	1 Quarter
Accrued expenses and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilities`	$524.00K	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`	$-4.45M	USD	1 Quarter
Income tax receivable/payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$4.35M	USD	1 Quarter
Income tax receivable/payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$4.39M	USD	1 Quarter
Layaway deposits	`IncreaseDecreaseInCustomerAdvances`	$817.00K	USD	1 Quarter
Layaway deposits	`IncreaseDecreaseInCustomerAdvances`	$919.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$26.01M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$19.02M	USD	1 Quarter
Sales/redemptions of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$4.09M	USD	1 Quarter
Sales/redemptions of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$3.51M	USD	1 Quarter
Purchases of investment securities	`PaymentsToAcquireMarketableSecurities`	$7.25M	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`	$1.87M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-5.60M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.51M	USD	1 Quarter
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.29M	USD	1 Quarter
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$236.00K	USD	1 Quarter
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$70.00K	USD	1 Quarter
Cash used to settle withholding taxes on the vesting of nonvested restricted stock	`CashUsedToSettleWithholdingTaxesOnStockOptionExercises`	$2.48M	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`	$-1.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.12M	USD	1 Quarter
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$22.50M	USD	1 Quarter
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$12.29M	USD	1 Quarter
Beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$81.43M	USD	Point-in-time
Beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$86.81M	USD	Point-in-time
Beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$58.93M	USD	Point-in-time
Beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$74.51M	USD	Point-in-time
End of year	`CashAndCashEquivalentsAtCarryingValue`	$81.43M	USD	Point-in-time
End of year	`CashAndCashEquivalentsAtCarryingValue`	$86.81M	USD	Point-in-time
End of year	`CashAndCashEquivalentsAtCarryingValue`	$58.93M	USD	Point-in-time
End of year	`CashAndCashEquivalentsAtCarryingValue`	$74.51M	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`	$-303.00K	USD	1 Quarter
Accrual for purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$121.00K	USD	1 Quarter
Accrual for purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$313.00K	USD	1 Quarter

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