10-Q Filing

CITI TRENDS INC CIK: 1318484 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001558370-17-009159`
Period End Date	20171031
Filing Date	20171204
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	ctrn-20171028.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 67 Cash Flow Statement 67

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$212.74K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$225.98K	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`	$39.12M	USD	Point-in-time
Common stock, Authorized shares	`CommonStockSharesAuthorized`	32.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.87M	USD	Point-in-time
Common stock, Authorized shares	`CommonStockSharesAuthorized`	32.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$36.96M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$49.25M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.77M	shares	Point-in-time
Short-term investment securities	`ShortTermInvestments`	$30.30M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.73M	shares	Point-in-time
Short-term investment securities	`ShortTermInvestments`	$38.03M	USD	Point-in-time
Inventory	`InventoryNet`	$134.65M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	14.90M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.74M	shares	Point-in-time
Inventory	`InventoryNet`	$133.25M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.03M	shares	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$15.28M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	833,188.00	shares	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$13.75M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.64M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.12M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$214.81M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$237.31M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $225,977 and $212,742 as of October 28, 2017 and January 28, 2017, respectively	`PropertyPlantAndEquipmentNet`	$63.57M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $225,977 and $212,742 as of October 28, 2017 and January 28, 2017, respectively	`PropertyPlantAndEquipmentNet`	$59.28M	USD	Point-in-time
Long-term investment securities	`LongTermInvestments`	$26.12M	USD	Point-in-time
Long-term investment securities	`LongTermInvestments`	$26.69M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$8.51M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$7.44M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$727.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$725.00K	USD	Point-in-time
Total assets	`Assets`	$332.51M	USD	Point-in-time
Total assets	`Assets`	$312.67M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$68.05M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$75.43M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$15.58M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$14.84M	USD	Point-in-time
Accrued compensation	`AccruedEmployeeBenefitsCurrent`	$14.08M	USD	Point-in-time
Accrued compensation	`AccruedEmployeeBenefitsCurrent`	$8.92M	USD	Point-in-time
Layaway deposits	`CustomerAdvancesCurrent`	$471.00K	USD	Point-in-time
Layaway deposits	`CustomerAdvancesCurrent`	$1.91M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$100.41M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$98.88M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$8.51M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$8.79M	USD	Point-in-time
Total liabilities	`Liabilities`	$107.67M	USD	Point-in-time
Total liabilities	`Liabilities`	$108.92M	USD	Point-in-time
Common stock, $0.01 par value. Authorized 32,000,000 shares; 15,772,958 shares issued as of October 28, 2017 and 15,732,339 shares issued as of January 28, 2017; 13,738,788 shares outstanding as of October 28, 2017 and 14,899,151 shares outstanding as of January 28, 2017	`CommonStockValue`	$155.00K	USD	Point-in-time
Common stock, $0.01 par value. Authorized 32,000,000 shares; 15,772,958 shares issued as of October 28, 2017 and 15,732,339 shares issued as of January 28, 2017; 13,738,788 shares outstanding as of October 28, 2017 and 14,899,151 shares outstanding as of January 28, 2017	`CommonStockValue`	$156.00K	USD	Point-in-time
Paid in capital	`AdditionalPaidInCapitalCommonStock`	$90.31M	USD	Point-in-time
Paid in capital	`AdditionalPaidInCapitalCommonStock`	$90.04M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$148.59M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$154.77M	USD	Point-in-time
Treasury stock, at cost; 2,034,170 shares held as of October 28, 2017 and 833,188 shares held as of January 28, 2017	`TreasuryStockValue`	$40.22M	USD	Point-in-time
Treasury stock, at cost; 2,034,170 shares held as of October 28, 2017 and 833,188 shares held as of January 28, 2017	`TreasuryStockValue`	$15.19M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$223.59M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$205.01M	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`	$332.51M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$312.67M	USD	Point-in-time

Income Statement 67 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$543.10M	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$160.72M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$176.94M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$509.66M	USD	3 Qtrs
Cost of sales (exclusive of depreciation shown separately below)	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$313.35M	USD	3 Qtrs
Cost of sales (exclusive of depreciation shown separately below)	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$100.39M	USD	1 Quarter
Cost of sales (exclusive of depreciation shown separately below)	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$110.09M	USD	1 Quarter
Cost of sales (exclusive of depreciation shown separately below)	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$334.66M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$181.44M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$172.07M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$57.64M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$61.12M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$13.86M	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$4.22M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$12.96M	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$4.98M	USD	1 Quarter
Asset impairment	`AssetImpairmentCharges`	$61.00K	USD	1 Quarter
Asset impairment	`AssetImpairmentCharges`	$77.00K	USD	3 Qtrs
Asset impairment	`AssetImpairmentCharges`	$282.00K	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-1.59M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$755.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$13.06M	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$11.00M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$146.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$408.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$617.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$216.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$120.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$112.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$39.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$38.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.48M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$11.29M	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$933.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$13.56M	USD	3 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$3.51M	USD	3 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-648.00K	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$4.24M	USD	3 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$286.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$647.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$9.33M	USD	3 Qtrs
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$7.78M	USD	3 Qtrs
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-836.00K	USD	1 Quarter
Basic net income (loss) per common share	`EarningsPerShareBasic`	$-0.06	USD	1 Quarter
Basic net income (loss) per common share	`EarningsPerShareBasic`	$0.53	USD	3 Qtrs
Basic net income (loss) per common share	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Basic net income (loss) per common share	`EarningsPerShareBasic`	$0.66	USD	3 Qtrs
Diluted net income (loss) per common share	`EarningsPerShareDiluted`	$-0.06	USD	1 Quarter
Diluted net income (loss) per common share	`EarningsPerShareDiluted`	$0.05	USD	1 Quarter
Diluted net income (loss) per common share	`EarningsPerShareDiluted`	$0.65	USD	3 Qtrs
Diluted net income (loss) per common share	`EarningsPerShareDiluted`	$0.53	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	14.22M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	14.65M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	13.56M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	14.68M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.61M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.65M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.68M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.27M	shares	3 Qtrs
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.06	USD	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.08	USD	Point-in-time
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.06	USD	Point-in-time
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.22	USD	3 Qtrs
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.18	USD	3 Qtrs
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.08	USD	Point-in-time
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.08	USD	Point-in-time
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.08	USD	1 Quarter

Cash Flow Statement 67 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$7.78M	USD	3 Qtrs
Net income	`ProfitLoss`	$9.33M	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$13.86M	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$4.22M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$12.96M	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$4.98M	USD	1 Quarter
Asset impairment	`AssetImpairmentCharges`	$61.00K	USD	1 Quarter
Asset impairment	`AssetImpairmentCharges`	$77.00K	USD	3 Qtrs
Asset impairment	`AssetImpairmentCharges`	$282.00K	USD	3 Qtrs
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-275.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.06M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.49M	USD	3 Qtrs
Insurance proceeds from operating activities	`InsuranceProceedsFromOperatingActivities`	$1.19M	USD	3 Qtrs
Noncash stock-based compensation expense	`ShareBasedCompensation`	$1.19M	USD	3 Qtrs
Noncash stock-based compensation expense	`ShareBasedCompensation`	$2.31M	USD	3 Qtrs
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$181.00K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-6.27M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-508.00K	USD	3 Qtrs
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.82M	USD	3 Qtrs
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.35M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$11.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-7.40M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-8.32M	USD	3 Qtrs
Accrued expenses and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilities`	$1.20M	USD	3 Qtrs
Accrued expenses and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-743.00K	USD	3 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$5.16M	USD	3 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-2.36M	USD	3 Qtrs
Income tax receivable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$510.00K	USD	3 Qtrs
Income tax receivable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-2.56M	USD	3 Qtrs
Layaway deposits	`IncreaseDecreaseInCustomerAdvances`	$1.44M	USD	3 Qtrs
Layaway deposits	`IncreaseDecreaseInCustomerAdvances`	$1.48M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$24.36M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$18.27M	USD	3 Qtrs
Sales/redemptions of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$37.12M	USD	3 Qtrs
Sales/redemptions of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$37.76M	USD	3 Qtrs
Purchases of investment securities	`PaymentsToAcquireMarketableSecurities`	$36.87M	USD	3 Qtrs
Purchases of investment securities	`PaymentsToAcquireMarketableSecurities`	$29.46M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquireProductiveAssets`	$18.39M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquireProductiveAssets`	$16.67M	USD	3 Qtrs
Insurance proceeds related to investing activities	`InsuranceProceedsFromInvestingActivities`	$443.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-16.42M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.64M	USD	3 Qtrs
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$181.00K	USD	3 Qtrs
Cash used to settle withholding taxes on stock option exercises and the vesting of nonvested restricted stock	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.56M	USD	3 Qtrs
Cash used to settle withholding taxes on stock option exercises and the vesting of nonvested restricted stock	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$921.00K	USD	3 Qtrs
Dividends paid to stockholders	`PaymentsOfDividends`	$3.15M	USD	3 Qtrs
Dividends paid to stockholders	`PaymentsOfDividends`	$2.63M	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$25.04M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.01M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-29.10M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-14.39M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.16M	USD	3 Qtrs
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$39.12M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$34.87M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$36.96M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$49.25M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$39.12M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$34.87M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$36.96M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$49.25M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$95.00K	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$95.00K	USD	3 Qtrs
Cash payments of income taxes	`IncomeTaxesPaidNet`	$2.67M	USD	3 Qtrs
Cash payments of income taxes	`IncomeTaxesPaidNet`	$4.57M	USD	3 Qtrs
Accrual for purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$697.00K	USD	3 Qtrs
Accrual for purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$289.00K	USD	3 Qtrs

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