10-Q Filing

CITI TRENDS INC CIK: 1318484 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001558370-18-005206`
Period End Date	20180430
Filing Date	20180611
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	ctrl-20180505.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 31 Cash Flow Statement 58

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$229.70M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$234.56M	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`	$53.98M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$73.04M	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	32.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$49.25M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$48.45M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.82M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.78M	shares	Point-in-time
Short-term investment securities	`ShortTermInvestments`	$31.50M	USD	Point-in-time
Short-term investment securities	`ShortTermInvestments`	$33.50M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.70M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.74M	shares	Point-in-time
Inventory	`InventoryNet`	$137.70M	USD	Point-in-time
Inventory	`InventoryNet`	$125.33M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$16.37M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.03M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.12M	shares	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$15.69M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$233.35M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$229.19M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $234,555 and $229,699 as of May 5, 2018 and February 3, 2018, respectively	`PropertyPlantAndEquipmentNet`	$59.16M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $234,555 and $229,699 as of May 5, 2018 and February 3, 2018, respectively	`PropertyPlantAndEquipmentNet`	$61.78M	USD	Point-in-time
Long-term investment securities	`LongTermInvestments`	$25.45M	USD	Point-in-time
Long-term investment securities	`LongTermInvestments`	$21.71M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$5.78M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$5.49M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$716.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$720.00K	USD	Point-in-time
Total assets	`Assets`	$327.07M	USD	Point-in-time
Total assets	`Assets`	$316.25M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$75.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$63.81M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$13.76M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$12.87M	USD	Point-in-time
Accrued compensation	`AccruedEmployeeBenefitsCurrent`	$9.10M	USD	Point-in-time
Accrued compensation	`AccruedEmployeeBenefitsCurrent`	$17.01M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$4.23M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$1.92M	USD	Point-in-time
Layaway deposits	`ContractWithCustomerLiability`	$532.00K	USD	Point-in-time
Layaway deposits	`ContractWithCustomerLiability`	$1.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$109.17M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$91.31M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$8.32M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$8.43M	USD	Point-in-time
Total liabilities	`Liabilities`	$99.64M	USD	Point-in-time
Total liabilities	`Liabilities`	$117.60M	USD	Point-in-time
Common stock, $0.01 par value. Authorized 32,000,000 shares; 15,815,851 shares issued as of May 5, 2018 and 15,777,946 shares issued as of February 3, 2018; 13,696,144 shares outstanding as of May 5, 2018 and 13,743,776 shares outstanding as of February 3, 2018	`CommonStockValue`	$157.00K	USD	Point-in-time
Common stock, $0.01 par value. Authorized 32,000,000 shares; 15,815,851 shares issued as of May 5, 2018 and 15,777,946 shares issued as of February 3, 2018; 13,696,144 shares outstanding as of May 5, 2018 and 13,743,776 shares outstanding as of February 3, 2018	`CommonStockValue`	$156.00K	USD	Point-in-time
Paid in capital	`AdditionalPaidInCapitalCommonStock`	$90.61M	USD	Point-in-time
Paid in capital	`AdditionalPaidInCapitalCommonStock`	$90.21M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$158.93M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$169.14M	USD	Point-in-time
Treasury stock, at cost; 2,119,707 shares held as of May 5, 2018 and 2,034,170 shares held as of February 3, 2018	`TreasuryStockValue`	$40.22M	USD	Point-in-time
Treasury stock, at cost; 2,119,707 shares held as of May 5, 2018 and 2,034,170 shares held as of February 3, 2018	`TreasuryStockValue`	$42.89M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$216.61M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$209.47M	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`	$316.25M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$327.07M	USD	Point-in-time

Income Statement 31 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$199.96M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$211.03M	USD	1 Quarter
Cost of sales (exclusive of depreciation shown separately below)	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$122.39M	USD	1 Quarter
Cost of sales (exclusive of depreciation shown separately below)	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$129.41M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$63.01M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$60.49M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$4.97M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$4.30M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$12.78M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$13.64M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$186.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$295.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$37.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$37.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.93M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$13.90M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.04M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$2.60M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$11.30M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$8.89M	USD	1 Quarter
Basic net income per common share	`EarningsPerShareBasic`	$0.60	USD	1 Quarter
Basic net income per common share	`EarningsPerShareBasic`	$0.83	USD	1 Quarter
Diluted net income per common share	`EarningsPerShareDiluted`	$0.83	USD	1 Quarter
Diluted net income per common share	`EarningsPerShareDiluted`	$0.60	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	14.72M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	13.58M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.63M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.78M	shares	1 Quarter
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`	$0.08	USD	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$11.30M	USD	1 Quarter
Net income	`ProfitLoss`	$8.89M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$4.97M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$4.30M	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-29.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.47M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$290.00K	USD	1 Quarter
Noncash stock-based compensation expense	`ShareBasedCompensation`	$317.00K	USD	1 Quarter
Noncash stock-based compensation expense	`ShareBasedCompensation`	$584.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-12.37M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-10.12M	USD	1 Quarter
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$678.00K	USD	1 Quarter
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$104.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-4.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-9.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.02M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-12.17M	USD	1 Quarter
Accrued expenses and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.37M	USD	1 Quarter
Accrued expenses and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-103.00K	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$1.52M	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-7.91M	USD	1 Quarter
Income tax payable/receivable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$2.57M	USD	1 Quarter
Income tax payable/receivable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$2.31M	USD	1 Quarter
Layaway deposits	`IncreaseDecreaseInContractWithCustomerLiability`	$700.00K	USD	1 Quarter
Layaway deposits	`IncreaseDecreaseInContractWithCustomerLiability`	$770.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.50M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$25.66M	USD	1 Quarter
Sales/redemptions of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$16.64M	USD	1 Quarter
Sales/redemptions of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$13.67M	USD	1 Quarter
Purchases of investment securities	`PaymentsToAcquireMarketableSecurities`	$12.03M	USD	1 Quarter
Purchases of investment securities	`PaymentsToAcquireMarketableSecurities`	$11.93M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquireProductiveAssets`	$1.98M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquireProductiveAssets`	$4.76M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-238.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-144.00K	USD	1 Quarter
Cash used to settle withholding taxes on the vesting of nonvested restricted stock	`CashUsedToSettleWithholdingTaxesOnStockOptionExercises`	$850.00K	USD	1 Quarter
Cash used to settle withholding taxes on the vesting of nonvested restricted stock	`CashUsedToSettleWithholdingTaxesOnStockOptionExercises`	$981.00K	USD	1 Quarter
Dividends paid to stockholders	`PaymentsOfDividends`	$1.08M	USD	1 Quarter
Dividends paid to stockholders	`PaymentsOfDividends`	$881.00K	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$2.67M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.73M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.74M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$5.53M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$23.78M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$53.98M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$73.04M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$49.25M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$48.45M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$53.98M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$73.04M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$49.25M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$48.45M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$31.00K	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$31.00K	USD	1 Quarter
Cash refunds of income taxes	`ProceedsFromIncomeTaxRefunds`	$3.00K	USD	1 Quarter
Cash refunds of income taxes	`ProceedsFromIncomeTaxRefunds`	$1.00K	USD	1 Quarter
Accrual for purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$404.00K	USD	1 Quarter
Accrual for purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$1.41M	USD	1 Quarter

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