10-Q Filing

CITI TRENDS INC CIK: 1318484 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001558370-18-007388`
Period End Date	20180731
Filing Date	20180906
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	ctrn-20180804.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 67 Cash Flow Statement 68

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$237.91K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$229.70K	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	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$30.20M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$40.99M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$48.45M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$49.25M	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	32.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.83M	shares	Point-in-time
Short-term investment securities	`ShortTermInvestments`	$31.50M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.78M	shares	Point-in-time
Short-term investment securities	`ShortTermInvestments`	$36.01M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.06M	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`	$138.80M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.03M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.76M	shares	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$15.69M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$17.70M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$233.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$233.35M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $237,914 and $229,699 as of August 4, 2018 and February 3, 2018, respectively	`PropertyPlantAndEquipmentNet`	$57.15M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $237,914 and $229,699 as of August 4, 2018 and February 3, 2018, respectively	`PropertyPlantAndEquipmentNet`	$61.78M	USD	Point-in-time
Long-term investment securities	`LongTermInvestments`	$13.02M	USD	Point-in-time
Long-term investment securities	`LongTermInvestments`	$25.45M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$5.78M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$6.38M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$720.00K	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`	$310.78M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$75.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$72.10M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$14.54M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$13.76M	USD	Point-in-time
Accrued compensation	`AccruedEmployeeBenefitsCurrent`	$17.01M	USD	Point-in-time
Accrued compensation	`AccruedEmployeeBenefitsCurrent`	$12.82M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$299.00K	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`	$1.71M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$109.17M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$101.46M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$8.34M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$8.43M	USD	Point-in-time
Total liabilities	`Liabilities`	$117.60M	USD	Point-in-time
Total liabilities	`Liabilities`	$109.80M	USD	Point-in-time
Common stock, $0.01 par value. Authorized 32,000,000 shares; 15,829,380 shares issued as of August 4, 2018 and 15,777,946 shares issued as of February 3, 2018; 13,064,398 shares outstanding as of August 4, 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; 15,829,380 shares issued as of August 4, 2018 and 15,777,946 shares issued as of February 3, 2018; 13,064,398 shares outstanding as of August 4, 2018 and 13,743,776 shares outstanding as of February 3, 2018	`CommonStockValue`	$156.00K	USD	Point-in-time
Paid in capital	`AdditionalPaidInCapitalCommonStock`	$90.73M	USD	Point-in-time
Paid in capital	`AdditionalPaidInCapitalCommonStock`	$90.61M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$158.93M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$171.29M	USD	Point-in-time
Treasury stock, at cost; 2,764,982 shares held as of August 4, 2018 and 2,034,170 shares held as of February 3, 2018	`TreasuryStockValue`	$61.19M	USD	Point-in-time
Treasury stock, at cost; 2,764,982 shares held as of August 4, 2018 and 2,034,170 shares held as of February 3, 2018	`TreasuryStockValue`	$40.22M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$209.47M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$200.99M	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`	$327.07M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$310.78M	USD	Point-in-time

Income Statement 67 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$166.20M	USD	1 Quarter
Net sales	`Revenues`	$393.03M	USD	2 Qtrs
Net sales	`Revenues`	$366.15M	USD	2 Qtrs
Net sales	`Revenues`	$182.00M	USD	1 Quarter
Cost of sales (exclusive of depreciation shown separately below)	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$224.56M	USD	2 Qtrs
Cost of sales (exclusive of depreciation shown separately below)	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$239.81M	USD	2 Qtrs
Cost of sales (exclusive of depreciation shown separately below)	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$102.17M	USD	1 Quarter
Cost of sales (exclusive of depreciation shown separately below)	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$110.40M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$59.83M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$120.32M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$62.28M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$125.29M	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$4.68M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$8.89M	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$4.59M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$9.65M	USD	2 Qtrs
Asset impairment	`AssetImpairmentCharges`	$77.00K	USD	2 Qtrs
Asset impairment	`AssetImpairmentCharges`	$942.00K	USD	2 Qtrs
Asset impairment	`AssetImpairmentCharges`	$942.00K	USD	1 Quarter
Asset impairment	`AssetImpairmentCharges`	$77.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$-475.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$17.34M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$3.70M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$12.30M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$658.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$401.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$363.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$215.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$74.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$37.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$38.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$75.00K	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$17.92M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-297.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.02M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.63M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$788.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$-87.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$3.95M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$3.39M	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$8.68M	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$14.53M	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-210.00K	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$3.23M	USD	1 Quarter
Basic net income per common share	`EarningsPerShareBasic`	$0.60	USD	2 Qtrs
Basic net income per common share	`EarningsPerShareBasic`	$1.08	USD	2 Qtrs
Basic net income per common share	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Basic net income per common share	`EarningsPerShareBasic`	$0.24	USD	1 Quarter
Diluted net income per common share	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Diluted net income per common share	`EarningsPerShareDiluted`	$1.08	USD	2 Qtrs
Diluted net income per common share	`EarningsPerShareDiluted`	$0.59	USD	2 Qtrs
Diluted net income per common share	`EarningsPerShareDiluted`	$0.24	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	14.38M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	13.31M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	14.55M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	13.45M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.38M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.60M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.35M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.49M	shares	2 Qtrs
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.16	USD	2 Qtrs
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.08	USD	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.08	USD	Point-in-time
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.14	USD	2 Qtrs
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.08	USD	1 Quarter
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 Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$14.53M	USD	2 Qtrs
Net income	`ProfitLoss`	$8.68M	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$4.68M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$8.89M	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$4.59M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$9.65M	USD	2 Qtrs
Asset impairment	`AssetImpairmentCharges`	$77.00K	USD	2 Qtrs
Asset impairment	`AssetImpairmentCharges`	$942.00K	USD	2 Qtrs
Asset impairment	`AssetImpairmentCharges`	$942.00K	USD	1 Quarter
Asset impairment	`AssetImpairmentCharges`	$77.00K	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-50.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-608.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.74M	USD	2 Qtrs
Insurance proceeds related to operating activities	`InsuranceProceedsFromOperatingActivities`	$1.19M	USD	2 Qtrs
Insurance proceeds related to operating activities	`InsuranceProceedsFromOperatingActivities`	$475.00K	USD	2 Qtrs
Noncash stock-based compensation expense	`ShareBasedCompensation`	$752.00K	USD	2 Qtrs
Noncash stock-based compensation expense	`ShareBasedCompensation`	$1.13M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-1.76M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$1.29M	USD	2 Qtrs
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.29M	USD	2 Qtrs
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.38M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-5.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.90M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-8.26M	USD	2 Qtrs
Accrued expenses and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilities`	$229.00K	USD	2 Qtrs
Accrued expenses and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilities`	$783.00K	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-4.19M	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$747.00K	USD	2 Qtrs
Income tax payable/receivable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-1.62M	USD	2 Qtrs
Income tax payable/receivable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-315.00K	USD	2 Qtrs
Layaway deposits	`IncreaseDecreaseInCustomerAdvances`	$1.33M	USD	2 Qtrs
Layaway deposits	`IncreaseDecreaseInCustomerAdvances`	$1.17M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$16.01M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$14.28M	USD	2 Qtrs
Sales/redemptions of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$24.14M	USD	2 Qtrs
Sales/redemptions of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$25.61M	USD	2 Qtrs
Purchases of investment securities	`PaymentsToAcquireMarketableSecurities`	$16.22M	USD	2 Qtrs
Purchases of investment securities	`PaymentsToAcquireMarketableSecurities`	$20.31M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquireProductiveAssets`	$12.90M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquireProductiveAssets`	$5.71M	USD	2 Qtrs
Insurance proceeds related to investing activities	`InsuranceProceedsFromInvestingActivities`	$195.00K	USD	2 Qtrs
Insurance proceeds related to investing activities	`InsuranceProceedsFromInvestingActivities`	$443.00K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$2.40M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.16M	USD	2 Qtrs
Cash used to settle withholding taxes on the vesting of nonvested restricted stock	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$894.00K	USD	2 Qtrs
Cash used to settle withholding taxes on the vesting of nonvested restricted stock	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.00M	USD	2 Qtrs
Dividends paid to stockholders	`PaymentsOfDividends`	$2.17M	USD	2 Qtrs
Dividends paid to stockholders	`PaymentsOfDividends`	$2.06M	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$20.97M	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$24.95M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-24.14M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-27.91M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-7.46M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-19.06M	USD	2 Qtrs
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$30.20M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$40.99M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$48.45M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$49.25M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$30.20M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$40.99M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$48.45M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$49.25M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$63.00K	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$63.00K	USD	2 Qtrs
Cash payments of income taxes	`IncomeTaxesPaidNet`	$5.61M	USD	2 Qtrs
Cash payments of income taxes	`IncomeTaxesPaidNet`	$2.53M	USD	2 Qtrs
Accrual for purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$499.00K	USD	2 Qtrs
Accrual for purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$1.02M	USD	2 Qtrs

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