10-Q Filing

CITI TRENDS INC CIK: 1318484 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001104659-15-062649`
Period End Date	20150731
Filing Date	20150831
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	ctrn-20150801.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 60 Cash Flow Statement 69

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Property and equipment, accumulated depreciation (in dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$190.54M	USD	Point-in-time
Property and equipment, accumulated depreciation (in dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$181.47M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$70.71M	USD	Point-in-time
Common stock, Authorized shares	`CommonStockSharesAuthorized`	32.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$54.38M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$74.51M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$58.93M	USD	Point-in-time
Short-term investment securities	`ShortTermInvestments`	$15.85M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.72M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.74M	shares	Point-in-time
Short-term investment securities	`ShortTermInvestments`	$24.78M	USD	Point-in-time
Inventory	`InventoryNet`	$131.06M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.58M	shares	Point-in-time
Inventory	`InventoryNet`	$126.35M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.55M	shares	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`	$14.89M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.60M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$973.00K	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNetCurrent`	$4.06M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNetCurrent`	$4.36M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$224.45M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$241.36M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $190,540 and $181,475 as of August 1, 2015 and January 31, 2015, respectively	`PropertyPlantAndEquipmentNet`	$47.90M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $190,540 and $181,475 as of August 1, 2015 and January 31, 2015, respectively	`PropertyPlantAndEquipmentNet`	$47.60M	USD	Point-in-time
Long-term investment securities	`LongTermInvestments`	$22.45M	USD	Point-in-time
Long-term investment securities	`LongTermInvestments`	$36.51M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$6.56M	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`	$627.00K	USD	Point-in-time
Total assets	`Assets`	$316.05M	USD	Point-in-time
Total assets	`Assets`	$318.37M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$59.39M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$72.25M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$15.27M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$14.18M	USD	Point-in-time
Accrued compensation	`AccruedEmployeeBenefitsCurrent`	$15.00M	USD	Point-in-time
Accrued compensation	`AccruedEmployeeBenefitsCurrent`	$10.02M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$310.00K	USD	Point-in-time
Layaway deposits	`CustomerAdvancesCurrent`	$585.00K	USD	Point-in-time
Layaway deposits	`CustomerAdvancesCurrent`	$1.82M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$86.82M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$102.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$6.04M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$5.75M	USD	Point-in-time
Total liabilities	`Liabilities`	$92.86M	USD	Point-in-time
Total liabilities	`Liabilities`	$107.75M	USD	Point-in-time
Common stock, $0.01 par value. Authorized 32,000,000 shares; 15,17,920 shares issued as of August 1, 2015 and 15,743,617 shares issued as of January 31, 2015; 15,572,170 shares outstanding as of August 1, 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; 15,17,920 shares issued as of August 1, 2015 and 15,743,617 shares issued as of January 31, 2015; 15,572,170 shares outstanding as of August 1, 2015 and 15,577,867 shares outstanding as of January 31, 2015	`CommonStockValue`	$154.00K	USD	Point-in-time
Paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$85.60M	USD	Point-in-time
Paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$86.73M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$125.04M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$136.48M	USD	Point-in-time
Treasury stock, at cost; 165,750 shares as of August 1, 2015 and January 31, 2015	`TreasuryStockValue`	$165.00K	USD	Point-in-time
Treasury stock, at cost; 165,750 shares as of August 1, 2015 and January 31, 2015	`TreasuryStockValue`	$165.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$223.19M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$210.62M	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`	$316.05M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$318.37M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$144.99M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$333.00M	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$348.79M	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$153.88M	USD	1 Quarter
Cost of sales (exclusive of depreciation shown separately below)	`CostOfGoodsSold`	$93.18M	USD	1 Quarter
Cost of sales (exclusive of depreciation shown separately below)	`CostOfGoodsSold`	$91.54M	USD	1 Quarter
Cost of sales (exclusive of depreciation shown separately below)	`CostOfGoodsSold`	$206.31M	USD	2 Qtrs
Cost of sales (exclusive of depreciation shown separately below)	`CostOfGoodsSold`	$210.69M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$107.17M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$111.52M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$55.70M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$53.20M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$5.11M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$10.27M	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$4.62M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$9.43M	USD	2 Qtrs
Asset impairment	`AssetImpairmentCharges`	-	USD	2 Qtrs
Asset impairment	`AssetImpairmentCharges`	-	USD	1 Quarter
Asset impairment	`AssetImpairmentCharges`	$83.00K	USD	1 Quarter
Asset impairment	`AssetImpairmentCharges`	$83.00K	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$9.17M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$17.16M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$-4.94M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$376.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$115.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$59.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$39.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$92.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$94.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$56.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$47.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$104.00K	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$388.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-4.96M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$17.18M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$9.16M	USD	2 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$5.74M	USD	2 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$2.66M	USD	2 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-2.38M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$226.00K	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$11.44M	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.58M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$162.00K	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$6.50M	USD	2 Qtrs
Basic net income per common share	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Basic net income per common share	`EarningsPerShareBasic`	$-0.17	USD	1 Quarter
Basic net income per common share	`EarningsPerShareBasic`	$0.44	USD	2 Qtrs
Basic net income per common share	`EarningsPerShareBasic`	$0.76	USD	2 Qtrs
Diluted net income per common share	`EarningsPerShareDiluted`	$0.75	USD	2 Qtrs
Diluted net income per common share	`EarningsPerShareDiluted`	$-0.17	USD	1 Quarter
Diluted net income per common share	`EarningsPerShareDiluted`	$0.43	USD	2 Qtrs
Diluted net income per common share	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	14.94M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	15.14M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	15.18M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	14.97M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.95M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.97M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	15.20M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	15.19M	shares	2 Qtrs

Cash Flow Statement 69 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$11.44M	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.58M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$162.00K	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$6.50M	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$5.11M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$10.27M	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$4.62M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$9.43M	USD	2 Qtrs
Asset impairment	`AssetImpairmentCharges`	-	USD	2 Qtrs
Asset impairment	`AssetImpairmentCharges`	-	USD	1 Quarter
Asset impairment	`AssetImpairmentCharges`	$83.00K	USD	1 Quarter
Asset impairment	`AssetImpairmentCharges`	$83.00K	USD	2 Qtrs
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-24.00K	USD	2 Qtrs
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-1.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$156.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$74.00K	USD	2 Qtrs
Noncash stock-based compensation expense	`ShareBasedCompensation`	$2.12M	USD	2 Qtrs
Noncash stock-based compensation expense	`ShareBasedCompensation`	$2.25M	USD	2 Qtrs
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$332.00K	USD	2 Qtrs
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$1.32M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-4.71M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-6.04M	USD	2 Qtrs
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$286.00K	USD	2 Qtrs
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.60M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-11.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-23.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.19M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-12.90M	USD	2 Qtrs
Accrued expenses and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilities`	$184.00K	USD	2 Qtrs
Accrued expenses and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilities`	$524.00K	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$110.00K	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-4.97M	USD	2 Qtrs
Income tax receivable/payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$2.61M	USD	2 Qtrs
Income tax receivable/payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$2.23M	USD	2 Qtrs
Layaway deposits	`IncreaseDecreaseInCustomerAdvances`	$1.23M	USD	2 Qtrs
Layaway deposits	`IncreaseDecreaseInCustomerAdvances`	$1.31M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$12.82M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$23.89M	USD	2 Qtrs
Sales/redemptions of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$12.43M	USD	2 Qtrs
Sales/redemptions of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$5.94M	USD	2 Qtrs
Purchases of investment securities	`PaymentsToAcquireMarketableSecurities`	$11.32M	USD	2 Qtrs
Purchases of investment securities	`PaymentsToAcquireMarketableSecurities`	$35.42M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquireProductiveAssets`	$8.84M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquireProductiveAssets`	$5.65M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-11.04M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-31.84M	USD	2 Qtrs
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$332.00K	USD	2 Qtrs
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.32M	USD	2 Qtrs
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$70.00K	USD	2 Qtrs
Cash used to settle withholding taxes on the vesting of nonvested restricted stock	`CashUsedToSettleWithholdingTaxesOnStockOptionExercises`	$2.51M	USD	2 Qtrs
Cash used to settle withholding taxes on the vesting of nonvested restricted stock	`CashUsedToSettleWithholdingTaxesOnStockOptionExercises`	$1.41M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.08M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.12M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-20.13M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$11.78M	USD	2 Qtrs
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$70.71M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$54.38M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$74.51M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$58.93M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$70.71M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$54.38M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$74.51M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$58.93M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$70.00K	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	$63.00K	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$3.06M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$279.00K	USD	2 Qtrs
Accrual for purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$295.00K	USD	2 Qtrs
Accrual for purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$914.00K	USD	2 Qtrs

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