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10-Q Filing

CITI TRENDS INC CIK: 1318484 Q1 2021
Filing Information
Form Type 10-Q
Accession Number 0001558370-21-008136
Period End Date 20210430
Filing Date 20210609
Fiscal Year 2021
Fiscal Period Q1
XBRL Instance ctrn-20210501x10q_htm.xml
Filing Contents
Balance Sheet 68 line items
Line Item Tag Value Unit Period
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $281.84M USD Point-in-time
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $279.08M 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 CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $131.28M USD Point-in-time
Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $108.13M USD Point-in-time
Common stock, authorized shares CommonStockSharesAuthorized 32.00M shares Point-in-time
Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $19.92M USD Point-in-time
Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $123.18M USD Point-in-time
Common stock, authorized shares CommonStockSharesAuthorized 32.00M shares Point-in-time
Inventory InventoryNet $101.80M USD Point-in-time
Inventory InventoryNet $103.84M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 15.97M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 15.98M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 9.33M shares Point-in-time
Prepaid and other current assets PrepaidExpenseAndOtherAssetsCurrent $17.42M USD Point-in-time
Prepaid and other current assets PrepaidExpenseAndOtherAssetsCurrent $19.29M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 9.88M shares Point-in-time
Total current assets AssetsCurrent $244.44M USD Point-in-time
Treasury stock, shares TreasuryStockShares 6.10M shares Point-in-time
Treasury stock, shares TreasuryStockShares 6.64M shares Point-in-time
Total current assets AssetsCurrent $252.37M USD Point-in-time
Property and equipment, net of accumulated depreciation of $281,842 and $279,080 as of May 1, 2021 and January 31, 2021, respectively PropertyPlantAndEquipmentNet $65.53M USD Point-in-time
Property and equipment, net of accumulated depreciation of $281,842 and $279,080 as of May 1, 2021 and January 31, 2021, respectively PropertyPlantAndEquipmentNet $63.51M USD Point-in-time
Operating lease right of use assets OperatingLeaseRightOfUseAsset $179.67M USD Point-in-time
Operating lease right of use assets OperatingLeaseRightOfUseAsset $184.69M USD Point-in-time
Deferred income taxes DeferredIncomeTaxAssetsNet $6.20M USD Point-in-time
Deferred income taxes DeferredIncomeTaxAssetsNet $5.14M USD Point-in-time
Other assets OtherAssetsNoncurrent $769.00K USD Point-in-time
Other assets OtherAssetsNoncurrent $1.44M USD Point-in-time
Total assets Assets $509.18M USD Point-in-time
Total assets Assets $494.59M USD Point-in-time
Accounts payable AccountsPayableCurrent $109.72M USD Point-in-time
Accounts payable AccountsPayableCurrent $84.83M USD Point-in-time
Operating lease liabilities OperatingLeaseLiabilityCurrent $46.98M USD Point-in-time
Operating lease liabilities OperatingLeaseLiabilityCurrent $48.91M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $21.25M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $16.59M USD Point-in-time
Accrued compensation AccruedEmployeeBenefitsCurrent $18.07M USD Point-in-time
Accrued compensation AccruedEmployeeBenefitsCurrent $29.32M USD Point-in-time
Income tax payable AccruedIncomeTaxesCurrent $4.62M USD Point-in-time
Income tax payable AccruedIncomeTaxesCurrent $11.60M USD Point-in-time
Layaway deposits DeferredIncome $807.00K USD Point-in-time
Layaway deposits DeferredIncome $500.00K USD Point-in-time
Total current liabilities LiabilitiesCurrent $182.84M USD Point-in-time
Total current liabilities LiabilitiesCurrent $210.35M USD Point-in-time
Noncurrent operating lease liabilities OperatingLeaseLiabilityNoncurrent $148.60M USD Point-in-time
Noncurrent operating lease liabilities OperatingLeaseLiabilityNoncurrent $145.83M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $2.23M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $2.29M USD Point-in-time
Total liabilities Liabilities $361.18M USD Point-in-time
Total liabilities Liabilities $330.96M USD Point-in-time
Common stock, $0.01 par value. Authorized 32,000,000 shares; 15,973,001 shares issued as of May 1, 2021 and 15,981,394 shares issued as of January 30, 2021; 9,331,012 shares outstanding as of May 1, 2021 and 9,876,901 shares outstanding as of January 30, 2021 CommonStockValue $158.00K USD Point-in-time
Common stock, $0.01 par value. Authorized 32,000,000 shares; 15,973,001 shares issued as of May 1, 2021 and 15,981,394 shares issued as of January 30, 2021; 9,331,012 shares outstanding as of May 1, 2021 and 9,876,901 shares outstanding as of January 30, 2021 CommonStockValue $158.00K USD Point-in-time
Paid in capital AdditionalPaidInCapitalCommonStock $95.48M USD Point-in-time
Paid in capital AdditionalPaidInCapitalCommonStock $94.42M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $209.92M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $240.81M USD Point-in-time
Treasury stock, at cost; 6,641,989 shares held as of May 1, 2021 and 6,104,493 shares held as of January 30, 2021 TreasuryStockValue $187.40M USD Point-in-time
Treasury stock, at cost; 6,641,989 shares held as of May 1, 2021 and 6,104,493 shares held as of January 30, 2021 TreasuryStockValue $141.93M USD Point-in-time
Total stockholders' equity StockholdersEquity $163.63M USD Point-in-time
Total stockholders' equity StockholdersEquity $171.04M USD Point-in-time
Total stockholders' equity StockholdersEquity $147.99M USD Point-in-time
Total stockholders' equity StockholdersEquity $143.06M USD Point-in-time
Commitments and contingencies (note 8) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (note 8) CommitmentsAndContingencies - USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $509.18M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $494.59M USD Point-in-time
Income Statement 30 line items
Line Item Tag Value Unit Period
Net sales Revenues $285.38M USD 1 Quarter
Net sales Revenues $116.12M USD 1 Quarter
Cost of sales (exclusive of depreciation) CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization $84.37M USD 1 Quarter
Cost of sales (exclusive of depreciation) CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization $163.79M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $54.08M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $77.89M USD 1 Quarter
Depreciation DepreciationDepletionAndAmortization $4.95M USD 1 Quarter
Depreciation DepreciationDepletionAndAmortization $4.70M USD 1 Quarter
Asset impairment AssetImpairmentCharges $286.00K USD 1 Quarter
Asset impairment AssetImpairmentCharges - USD 1 Quarter
Income (loss) from operations OperatingIncomeLoss $39.00M USD 1 Quarter
Income (loss) from operations OperatingIncomeLoss $-27.55M USD 1 Quarter
Interest income InvestmentIncomeInterest $217.00K USD 1 Quarter
Interest income InvestmentIncomeInterest $4.00K USD 1 Quarter
Interest expense InterestExpense $47.00K USD 1 Quarter
Interest expense InterestExpense $163.00K USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $38.96M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-27.50M USD 1 Quarter
Income tax (provision) benefit IncomeTaxExpenseBenefit $-6.61M USD 1 Quarter
Income tax (provision) benefit IncomeTaxExpenseBenefit $8.06M USD 1 Quarter
Net income (loss) NetIncomeLossAvailableToCommonStockholdersBasic $-20.89M USD 1 Quarter
Net income (loss) NetIncomeLossAvailableToCommonStockholdersBasic $30.90M USD 1 Quarter
Basic net income (loss) per common share EarningsPerShareBasic $-2.00 USD 1 Quarter
Basic net income (loss) per common share EarningsPerShareBasic $3.27 USD 1 Quarter
Diluted net income (loss) per common share EarningsPerShareDiluted $3.23 USD 1 Quarter
Diluted net income (loss) per common share EarningsPerShareDiluted $-2.00 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 10.44M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 9.45M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 9.57M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 10.44M shares 1 Quarter
Cash Flow Statement 65 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $30.90M USD 1 Quarter
Net income (loss) ProfitLoss $-20.89M USD 1 Quarter
Depreciation DepreciationDepletionAndAmortization $4.95M USD 1 Quarter
Depreciation DepreciationDepletionAndAmortization $4.70M USD 1 Quarter
Non-cash operating lease costs OperatingLeaseRightOfUseAssetAmortization $11.76M USD 1 Quarter
Non-cash operating lease costs OperatingLeaseRightOfUseAssetAmortization $12.21M USD 1 Quarter
Asset impairment AssetImpairmentCharges $286.00K USD 1 Quarter
Asset impairment AssetImpairmentCharges - USD 1 Quarter
Loss on disposal of property and equipment GainLossOnSaleOfPropertyPlantEquipment $-53.00K USD 1 Quarter
Loss on disposal of property and equipment GainLossOnSaleOfPropertyPlantEquipment $-4.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $1.05M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-7.67M USD 1 Quarter
Insurance proceeds related to operating activities InsuranceProceedsFromOperatingActivities $451.00K USD 1 Quarter
Non-cash stock-based compensation expense ShareBasedCompensation $1.09M USD 1 Quarter
Non-cash stock-based compensation expense ShareBasedCompensation $469.00K USD 1 Quarter
Inventory IncreaseDecreaseInInventories $-16.37M USD 1 Quarter
Inventory IncreaseDecreaseInInventories $-1.65M USD 1 Quarter
Prepaid and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-4.20M USD 1 Quarter
Prepaid and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $1.93M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $-1.00K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $402.00K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $14.03M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $24.53M USD 1 Quarter
Accrued expenses and other long-term liabilities IncreaseDecreaseInAccruedLiabilities $-6.79M USD 1 Quarter
Accrued expenses and other long-term liabilities IncreaseDecreaseInAccruedLiabilities $-8.60M USD 1 Quarter
Accrued compensation IncreaseDecreaseInEmployeeRelatedLiabilities $-11.25M USD 1 Quarter
Accrued compensation IncreaseDecreaseInEmployeeRelatedLiabilities $-5.49M USD 1 Quarter
Income tax payable IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable $1.10M USD 1 Quarter
Income tax payable IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable $6.98M USD 1 Quarter
Layaway deposits IncreaseDecreaseInContractWithCustomerLiability $307.00K USD 1 Quarter
Layaway deposits IncreaseDecreaseInContractWithCustomerLiability $495.00K USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $61.74M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $12.82M USD 1 Quarter
Sales/redemptions of investment securities ProceedsFromSaleAndMaturityOfMarketableSecurities $43.75M USD 1 Quarter
Purchases of investment securities PaymentsToAcquireMarketableSecurities $522.00K USD 1 Quarter
Purchases of property and equipment PaymentsToAcquireProductiveAssets $5.94M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquireProductiveAssets $3.98M USD 1 Quarter
Insurance proceeds related to investing activities InsuranceProceedsFromInvestingActivities $191.00K USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivities $-5.75M USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivities $39.25M USD 1 Quarter
Borrowings under revolving credit facility ProceedsFromLinesOfCredit $43.70M USD 1 Quarter
Payments of debt issuance costs PaymentsOfDebtIssuanceCosts $270.00K USD 1 Quarter
Cash used to settle withholding taxes on the vesting of nonvested restricted stock PaymentsRelatedToTaxWithholdingForShareBasedCompensation $2.15M USD 1 Quarter
Cash used to settle withholding taxes on the vesting of nonvested restricted stock PaymentsRelatedToTaxWithholdingForShareBasedCompensation $479.00K USD 1 Quarter
Dividends paid to stockholders PaymentsOfDividends $831.00K USD 1 Quarter
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $45.47M USD 1 Quarter
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $6.25M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $-47.90M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $36.14M USD 1 Quarter
Net increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $88.21M USD 1 Quarter
Net increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $8.10M USD 1 Quarter
Beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $131.28M USD Point-in-time
Beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $108.13M USD Point-in-time
Beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $19.92M USD Point-in-time
Beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $123.18M USD Point-in-time
End of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $131.28M USD Point-in-time
End of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $108.13M USD Point-in-time
End of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $19.92M USD Point-in-time
End of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $123.18M USD Point-in-time
Cash paid for interest InterestPaidNet $32.00K USD 1 Quarter
Cash paid for interest InterestPaidNet $163.00K USD 1 Quarter
Cash payments (refunds) of income taxes IncomeTaxesPaidNet $45.00K USD 1 Quarter
Cash payments (refunds) of income taxes IncomeTaxesPaidNet $-27.00K USD 1 Quarter
Accrual for purchases of property and equipment CapitalExpendituresIncurredButNotYetPaid $936.00K USD 1 Quarter
Accrual for purchases of property and equipment CapitalExpendituresIncurredButNotYetPaid $1.02M USD 1 Quarter
Stockholders Equity 23 line items
Line Item Tag Value Unit Period
Dividends paid to stockholders CommonStockDividendsPerShareCashPaid $0.08 USD 1 Quarter
Balances StockholdersEquity $163.63M USD Point-in-time
Balances StockholdersEquity $171.04M USD Point-in-time
Balances StockholdersEquity $147.99M USD Point-in-time
Balances StockholdersEquity $143.06M USD Point-in-time
Balances (in shares) CommonStockSharesIssued 15.97M shares Point-in-time
Balances (in shares) CommonStockSharesIssued 15.98M shares Point-in-time
Vesting of nonvested restricted stock units StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures $1.00K USD 1 Quarter
Stock-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $469.00K USD 1 Quarter
Stock-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.09M USD 1 Quarter
Net share settlement of nonvested shares AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $479.00K USD 1 Quarter
Net share settlement of nonvested shares AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $2.15M USD 1 Quarter
Repurchase of common stock StockRepurchasedDuringPeriodValue $6.25M USD 1 Quarter
Repurchase of common stock StockRepurchasedDuringPeriodValue $45.47M USD 1 Quarter
Dividends paid to stockholders DividendsCommonStock $831.00K USD 1 Quarter
Net income (loss) NetIncomeLossAvailableToCommonStockholdersBasic $-20.89M USD 1 Quarter
Net income (loss) NetIncomeLossAvailableToCommonStockholdersBasic $30.90M USD 1 Quarter
Balances StockholdersEquity $163.63M USD Point-in-time
Balances StockholdersEquity $171.04M USD Point-in-time
Balances StockholdersEquity $147.99M USD Point-in-time
Balances StockholdersEquity $143.06M USD Point-in-time
Balances (in shares) CommonStockSharesIssued 15.97M shares Point-in-time
Balances (in shares) CommonStockSharesIssued 15.98M shares Point-in-time

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

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