10-Q Filing

CITI TRENDS INC CIK: 1318484 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001558370-16-006217`
Period End Date	20160430
Filing Date	20160531
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	ctrn-20160430.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 31 Cash Flow Statement 65

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
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
Common stock, Authorized shares	`CommonStockSharesAuthorized`	32.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.12M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.73M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$53.03M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$74.51M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.71M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$86.81M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.12M	USD	Point-in-time
Short-term investment securities	`ShortTermInvestments`	$32.67M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	14.90M	shares	Point-in-time
Short-term investment securities	`ShortTermInvestments`	$40.22M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	14.87M	shares	Point-in-time
Inventory	`InventoryNet`	$123.33M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	833,188.00	shares	Point-in-time
Inventory	`InventoryNet`	$137.02M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	833,188.00	shares	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$12.20M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$13.54M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.28M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$230.11M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$222.29M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$50.63M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$49.82M	USD	Point-in-time
Long-term investment securities	`LongTermInvestments`	$24.33M	USD	Point-in-time
Long-term investment securities	`LongTermInvestments`	$30.89M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$8.52M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$9.99M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$703.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$705.00K	USD	Point-in-time
Total assets	`Assets`	$313.48M	USD	Point-in-time
Total assets	`Assets`	$314.51M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$67.42M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$60.13M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$13.26M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$14.60M	USD	Point-in-time
Accrued compensation	`AccruedEmployeeBenefitsCurrent`	$11.06M	USD	Point-in-time
Accrued compensation	`AccruedEmployeeBenefitsCurrent`	$13.10M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$1.23M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$42.00K	USD	Point-in-time
Layaway deposits	`CustomerAdvancesCurrent`	$497.00K	USD	Point-in-time
Layaway deposits	`CustomerAdvancesCurrent`	$1.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$86.97M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$95.66M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$6.66M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$6.62M	USD	Point-in-time
Total liabilities	`Liabilities`	$102.27M	USD	Point-in-time
Total liabilities	`Liabilities`	$93.63M	USD	Point-in-time
Common stock, $0.01 par value. Authorized 32,000,000 shares; 15,733,537 shares issued as of April 30, 2016 and 15,707,859 shares issued as of January 30, 2016; 14,900,349 shares outstanding as of April 30, 2016 and 14,874,671 shares outstanding as of January 30, 2016	`CommonStockValue`	$155.00K	USD	Point-in-time
Common stock, $0.01 par value. Authorized 32,000,000 shares; 15,733,537 shares issued as of April 30, 2016 and 15,707,859 shares issued as of January 30, 2016; 14,900,349 shares outstanding as of April 30, 2016 and 14,874,671 shares outstanding as of January 30, 2016	`CommonStockValue`	$154.00K	USD	Point-in-time
Paid in capital	`AdditionalPaidInCapitalCommonStock`	$88.24M	USD	Point-in-time
Paid in capital	`AdditionalPaidInCapitalCommonStock`	$88.54M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$138.72M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$146.63M	USD	Point-in-time
Treasury stock, at cost; 833,188 shares held as of April 30, 2016 and January 30, 2016	`TreasuryStockValue`	$15.19M	USD	Point-in-time
Treasury stock, at cost; 833,188 shares held as of April 30, 2016 and January 30, 2016	`TreasuryStockValue`	$15.19M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$219.85M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$212.23M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$313.48M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$314.51M	USD	Point-in-time

Income Statement 31 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$194.91M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$193.67M	USD	1 Quarter
Cost of sales (exclusive of depreciation shown separately below)	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$117.51M	USD	1 Quarter
Cost of sales (exclusive of depreciation shown separately below)	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$117.81M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$55.81M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$58.33M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$4.81M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$4.44M	USD	1 Quarter
Asset impairment	`AssetImpairmentCharges`	$221.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$12.87M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$16.78M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$127.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$56.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$47.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$40.00K	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$16.79M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.95M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.22M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$5.51M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$8.74M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$11.28M	USD	1 Quarter
Basic net income per common share	`EarningsPerShareBasic`	$0.60	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`	$0.60	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	14.59M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	15.10M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	15.18M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.60M	shares	1 Quarter
Cash dividend declared per share	`CommonStockDividendsPerShareDeclared`	$0.06	USD	1 Quarter
Cash dividend declared per share	`CommonStockDividendsPerShareDeclared`	$0.06	USD	Point-in-time

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$8.74M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$11.28M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$4.81M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$4.44M	USD	1 Quarter
Asset impairment	`AssetImpairmentCharges`	$221.00K	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-39.00K	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-24.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.43M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.47M	USD	1 Quarter
Noncash stock-based compensation expense	`ShareBasedCompensation`	$1.36M	USD	1 Quarter
Noncash stock-based compensation expense	`ShareBasedCompensation`	$1.04M	USD	1 Quarter
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$192.00K	USD	1 Quarter
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$1.29M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-14.90M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-13.69M	USD	1 Quarter
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-513.00K	USD	1 Quarter
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.33M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-9.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-2.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-7.44M	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`	$-1.58M	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-2.04M	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-4.45M	USD	1 Quarter
Income tax receivable/payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$2.71M	USD	1 Quarter
Income tax receivable/payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$4.39M	USD	1 Quarter
Layaway deposits	`IncreaseDecreaseInCustomerAdvances`	$800.00K	USD	1 Quarter
Layaway deposits	`IncreaseDecreaseInCustomerAdvances`	$817.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$20.57M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$19.02M	USD	1 Quarter
Sales/redemptions of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$7.21M	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`	$8.19M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquireProductiveAssets`	$3.46M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquireProductiveAssets`	$1.87M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-4.44M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-5.60M	USD	1 Quarter
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$192.00K	USD	1 Quarter
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.29M	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`	$1.53M	USD	1 Quarter
Cash used to settle withholding taxes on the vesting of nonvested restricted stock	`CashUsedToSettleWithholdingTaxesOnStockOptionExercises`	$2.48M	USD	1 Quarter
Dividends paid to stockholders	`PaymentsOfDividends`	$871.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-2.21M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.12M	USD	1 Quarter
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$13.92M	USD	1 Quarter
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$12.29M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$39.12M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$53.03M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$74.51M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$86.81M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$39.12M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$39.12M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$53.03M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$74.51M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$86.81M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$39.12M	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 (refunds) of income taxes	`IncomeTaxesPaidNet`	$-303.00K	USD	1 Quarter
Cash payments (refunds) of income taxes	`IncomeTaxesPaidNet`	$41.00K	USD	1 Quarter
Accrual for purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$313.00K	USD	1 Quarter
Accrual for purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$427.00K	USD	1 Quarter

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