10-Q Filing

CITI TRENDS INC CIK: 1318484 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001104659-15-083172`
Period End Date	20151031
Filing Date	20151207
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	ctrn-20151031.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 60 Cash Flow Statement 69

Balance Sheet 67 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`	$195.00M	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`	$58.93M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$41.59M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$74.51M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$65.99M	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
Common stock, shares issued	`CommonStockSharesIssued`	15.74M	shares	Point-in-time
Short-term investment securities	`ShortTermInvestments`	$34.14M	USD	Point-in-time
Short-term investment securities	`ShortTermInvestments`	$15.85M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.71M	shares	Point-in-time
Inventory	`InventoryNet`	$131.06M	USD	Point-in-time
Inventory	`InventoryNet`	$129.43M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.58M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.25M	shares	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$13.46M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	165,750.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	466,033.00	shares	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.60M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$241.00K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$973.00K	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNetCurrent`	$4.36M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNetCurrent`	$4.54M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$241.36M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$223.41M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $194,998 and $181,475 as of October 31, 2015 and January 31, 2015, respectively	`PropertyPlantAndEquipmentNet`	$47.60M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $194,998 and $181,475 as of October 31, 2015 and January 31, 2015, respectively	`PropertyPlantAndEquipmentNet`	$49.98M	USD	Point-in-time
Long-term investment securities	`LongTermInvestments`	$30.58M	USD	Point-in-time
Long-term investment securities	`LongTermInvestments`	$22.45M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$8.27M	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`	$689.00K	USD	Point-in-time
Total assets	`Assets`	$312.93M	USD	Point-in-time
Total assets	`Assets`	$318.37M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$58.21M	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`	$16.25M	USD	Point-in-time
Accrued compensation	`AccruedEmployeeBenefitsCurrent`	$15.00M	USD	Point-in-time
Accrued compensation	`AccruedEmployeeBenefitsCurrent`	$13.49M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$22.00K	USD	Point-in-time
Layaway deposits	`CustomerAdvancesCurrent`	$2.28M	USD	Point-in-time
Layaway deposits	`CustomerAdvancesCurrent`	$585.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$102.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$90.25M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$5.75M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$6.22M	USD	Point-in-time
Total liabilities	`Liabilities`	$107.75M	USD	Point-in-time
Total liabilities	`Liabilities`	$96.48M	USD	Point-in-time
Common stock, $0.01 par value. Authorized 32,000,000 shares; 15,714,797 shares issued as of October 31, 2015 and 15,743,617 shares issued as of January 31, 2015; 15,248,764 shares outstanding as of October 31, 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; 15,714,797 shares issued as of October 31, 2015 and 15,743,617 shares issued as of January 31, 2015; 15,248,764 shares outstanding as of October 31, 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`	$87.64M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$136.16M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$125.04M	USD	Point-in-time
Treasury stock, at cost; 466,033 shares held as of October 31, 2015 and 165,750 shares as of January 31, 2015	`TreasuryStockValue`	$165.00K	USD	Point-in-time
Treasury stock, at cost; 466,033 shares held as of October 31, 2015 and 165,750 shares as of January 31, 2015	`TreasuryStockValue`	$7.50M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$216.45M	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`	$318.37M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$312.93M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$507.73M	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$156.69M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$158.94M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$489.70M	USD	3 Qtrs
Cost of sales (exclusive of depreciation shown separately below)	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$98.54M	USD	1 Quarter
Cost of sales (exclusive of depreciation shown separately below)	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$304.85M	USD	3 Qtrs
Cost of sales (exclusive of depreciation shown separately below)	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$308.25M	USD	3 Qtrs
Cost of sales (exclusive of depreciation shown separately below)	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$97.56M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$55.62M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$163.53M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$56.35M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$167.13M	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$15.31M	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$4.59M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$14.02M	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$5.04M	USD	1 Quarter
Asset impairment	`AssetImpairmentCharges`	$83.00K	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$5.93M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$1.17M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$-3.24M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$18.32M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$43.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$135.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$222.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$107.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$107.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$48.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$201.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$152.00K	USD	3 Qtrs
Income (loss) before income tax (expense) benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$18.34M	USD	3 Qtrs
Income (loss) before income tax (expense) benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.17M	USD	1 Quarter
Income (loss) before income tax (expense) benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$5.92M	USD	3 Qtrs
Income (loss) before income tax (expense) benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-3.25M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-1.04M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$553.00K	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$6.29M	USD	3 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$1.62M	USD	3 Qtrs
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.29M	USD	3 Qtrs
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$12.05M	USD	3 Qtrs
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$614.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.21M	USD	1 Quarter
Basic net income (loss) per common share	`EarningsPerShareBasic`	$-0.15	USD	1 Quarter
Basic net income (loss) per common share	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Basic net income (loss) per common share	`EarningsPerShareBasic`	$0.80	USD	3 Qtrs
Basic net income (loss) per common share	`EarningsPerShareBasic`	$0.29	USD	3 Qtrs
Diluted net income (loss) per common share	`EarningsPerShareDiluted`	$0.79	USD	3 Qtrs
Diluted net income (loss) per common share	`EarningsPerShareDiluted`	$-0.15	USD	1 Quarter
Diluted net income (loss) per common share	`EarningsPerShareDiluted`	$0.29	USD	3 Qtrs
Diluted net income (loss) per common share	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	15.06M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	15.11M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	14.95M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	14.98M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	15.11M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.98M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	15.17M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.98M	shares	3 Qtrs
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.06	USD	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.06	USD	3 Qtrs
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.06	USD	Point-in-time

Cash Flow Statement 69 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.29M	USD	3 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$12.05M	USD	3 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$614.00K	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.21M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$15.31M	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$4.59M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$14.02M	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$5.04M	USD	1 Quarter
Asset impairment	`AssetImpairmentCharges`	$83.00K	USD	3 Qtrs
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-20.00K	USD	3 Qtrs
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-25.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$424.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.13M	USD	3 Qtrs
Noncash stock-based compensation expense	`ShareBasedCompensation`	$3.04M	USD	3 Qtrs
Noncash stock-based compensation expense	`ShareBasedCompensation`	$3.18M	USD	3 Qtrs
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$1.34M	USD	3 Qtrs
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$317.00K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$2.02M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-1.62M	USD	3 Qtrs
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.14M	USD	3 Qtrs
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.82M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$51.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-35.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.44M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-14.93M	USD	3 Qtrs
Accrued expenses and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilities`	$1.35M	USD	3 Qtrs
Accrued expenses and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilities`	$846.00K	USD	3 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-1.50M	USD	3 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$3.93M	USD	3 Qtrs
Income tax receivable/payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$2.07M	USD	3 Qtrs
Income tax receivable/payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-44.00K	USD	3 Qtrs
Layaway deposits	`IncreaseDecreaseInCustomerAdvances`	$1.84M	USD	3 Qtrs
Layaway deposits	`IncreaseDecreaseInCustomerAdvances`	$1.70M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$16.71M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$29.58M	USD	3 Qtrs
Sales/redemptions of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$7.34M	USD	3 Qtrs
Sales/redemptions of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$14.70M	USD	3 Qtrs
Purchases of investment securities	`PaymentsToAcquireMarketableSecurities`	$19.59M	USD	3 Qtrs
Purchases of investment securities	`PaymentsToAcquireMarketableSecurities`	$41.13M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquireProductiveAssets`	$9.09M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquireProductiveAssets`	$13.83M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-40.26M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-21.33M	USD	3 Qtrs
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$317.00K	USD	3 Qtrs
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.34M	USD	3 Qtrs
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$70.00K	USD	3 Qtrs
Cash used to settle withholding taxes on the vesting of nonvested restricted stock	`CashUsedToSettleWithholdingTaxesOnStockOptionExercises`	$2.55M	USD	3 Qtrs
Cash used to settle withholding taxes on the vesting of nonvested restricted stock	`CashUsedToSettleWithholdingTaxesOnStockOptionExercises`	$1.50M	USD	3 Qtrs
Dividends paid to stockholders	`PaymentsOfDividends`	$910.00K	USD	3 Qtrs
Dividends paid to stockholders	`PaymentsOfDividends`	$900.00K	USD	1 Quarter
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$-7.33M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-9.38M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.19M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-32.93M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$7.06M	USD	3 Qtrs
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$58.93M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$41.59M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$74.51M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$65.99M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$58.93M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$41.59M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$74.51M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$65.99M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$102.00K	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	$95.00K	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$6.34M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$1.24M	USD	3 Qtrs
Accrual for purchases of property and equipment	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$2.59M	USD	3 Qtrs
Accrual for purchases of property and equipment	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-78.00K	USD	3 Qtrs

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