10-Q Filing

BIG 5 SPORTING GOODS CORP CIK: 1156388 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001564590-17-014821`
Period End Date	20170630
Filing Date	20170802
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	bgfv-20170702.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 56 Cash Flow Statement 65 Stockholders Equity 28

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable, current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$42.00K	USD	Point-in-time
Allowance for doubtful accounts receivable, current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$40.00K	USD	Point-in-time
Accumulated amortization on other assets	`AccumulatedAmortizationDeferredFinanceCosts`	$1.51M	USD	Point-in-time
Accumulated amortization on other assets	`AccumulatedAmortizationDeferredFinanceCosts`	$1.42M	USD	Point-in-time
Cash	`Cash`	$7.12M	USD	Point-in-time
Cash	`Cash`	$8.14M	USD	Point-in-time
Cash	`Cash`	$6.63M	USD	Point-in-time
Cash	`Cash`	$7.89M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net of allowances of $40 and $42, respectively	`ReceivablesNetCurrent`	$12.20M	USD	Point-in-time
Accounts receivable, net of allowances of $40 and $42, respectively	`ReceivablesNetCurrent`	$12.12M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Merchandise inventories, net	`InventoryNet`	$328.72M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	24.92M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	24.78M	shares	Point-in-time
Merchandise inventories, net	`InventoryNet`	$294.32M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$10.09M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	22.14M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$11.53M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	22.01M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.77M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.78M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$324.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$359.00M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$78.42M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$77.44M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$21.64M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$23.70M	USD	Point-in-time
Other assets, net of accumulated amortization of $1,508 and $1,420, respectively	`OtherAssetsNoncurrent`	$2.53M	USD	Point-in-time
Other assets, net of accumulated amortization of $1,508 and $1,420, respectively	`OtherAssetsNoncurrent`	$2.66M	USD	Point-in-time
Goodwill	`Goodwill`	$4.43M	USD	Point-in-time
Goodwill	`Goodwill`	$4.43M	USD	Point-in-time
Total assets	`Assets`	$433.58M	USD	Point-in-time
Total assets	`Assets`	$465.17M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$116.43M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$109.31M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$61.85M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$76.89M	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$1.70M	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$1.33M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$187.53M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$179.98M	USD	Point-in-time
Deferred rent, less current portion	`DeferredRentCreditNoncurrent`	$16.10M	USD	Point-in-time
Deferred rent, less current portion	`DeferredRentCreditNoncurrent`	$17.03M	USD	Point-in-time
Capital lease obligations, less current portion	`CapitalLeaseObligationsNoncurrent`	$2.89M	USD	Point-in-time
Capital lease obligations, less current portion	`CapitalLeaseObligationsNoncurrent`	$2.00M	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$10.00M	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$47.92M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$11.99M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$11.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$258.38M	USD	Point-in-time
Total liabilities	`Liabilities`	$228.54M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.01 par value, authorized 50,000,000 shares; issued 24,921,672 and 24,784,367 shares, respectively; outstanding 22,139,456 and 22,012,651 shares, respectively	`CommonStockValue`	$248.00K	USD	Point-in-time
Common stock, $0.01 par value, authorized 50,000,000 shares; issued 24,921,672 and 24,784,367 shares, respectively; outstanding 22,139,456 and 22,012,651 shares, respectively	`CommonStockValue`	$249.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$115.19M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$114.80M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$125.85M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$124.36M	USD	Point-in-time
Less: Treasury stock, at cost; 2,782,216 and 2,771,716 shares, respectively	`TreasuryStockValue`	$34.51M	USD	Point-in-time
Less: Treasury stock, at cost; 2,782,216 and 2,771,716 shares, respectively	`TreasuryStockValue`	$34.37M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$205.04M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$198.83M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$194.74M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$206.78M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$433.58M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$465.17M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$243.67M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$496.27M	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$475.94M	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$241.41M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$333.35M	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$328.71M	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$165.15M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$164.36M	USD	1 Quarter
Gross profit	`GrossProfit`	$147.22M	USD	2 Qtrs
Gross profit	`GrossProfit`	$76.26M	USD	1 Quarter
Gross profit	`GrossProfit`	$79.31M	USD	1 Quarter
Gross profit	`GrossProfit`	$162.93M	USD	2 Qtrs
Selling and administrative expense	`SellingGeneralAndAdministrativeExpense`	$143.48M	USD	2 Qtrs
Selling and administrative expense	`SellingGeneralAndAdministrativeExpense`	$148.83M	USD	2 Qtrs
Selling and administrative expense	`SellingGeneralAndAdministrativeExpense`	$74.19M	USD	1 Quarter
Selling and administrative expense	`SellingGeneralAndAdministrativeExpense`	$72.26M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$5.12M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$4.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$14.10M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$3.74M	USD	2 Qtrs
Interest expense	`InterestExpense`	$881.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$429.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$380.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$648.00K	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.86M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.74M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.57M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$13.45M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$1.45M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$5.35M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$1.86M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$1.96M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.00M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.78M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.10M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.12M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.13	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.37	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.05	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.10	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.37	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.10	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.13	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.05	USD	2 Qtrs
Dividends per share	`CommonStockDividendsPerShareDeclared`	$0.15	USD	1 Quarter
Dividends per share	`CommonStockDividendsPerShareDeclared`	$0.12	USD	1 Quarter
Dividends per share	`CommonStockDividendsPerShareDeclared`	$0.30	USD	2 Qtrs
Dividends per share	`CommonStockDividendsPerShareDeclared`	$0.25	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	21.65M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	21.75M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	21.61M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	21.71M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.87M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.74M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.78M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.92M	shares	2 Qtrs

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.00M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.78M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.10M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.12M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$9.47M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$9.32M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$1.17M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$1.26M	USD	2 Qtrs
Excess tax benefit related to share-based awards	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$52.00K	USD	2 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$88.00K	USD	2 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$88.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.85M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.06M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInReceivables`	$-75.00K	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInReceivables`	$-866.00K	USD	2 Qtrs
Merchandise inventories, net	`IncreaseDecreaseInInventories`	$34.40M	USD	2 Qtrs
Merchandise inventories, net	`IncreaseDecreaseInInventories`	$5.09M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.05M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.66M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$11.36M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$18.50M	USD	2 Qtrs
Accrued expenses and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-9.30M	USD	2 Qtrs
Accrued expenses and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-15.67M	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-19.40M	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$16.40M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.81M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.15M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-6.81M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-7.15M	USD	2 Qtrs
Principal borrowings under revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$135.28M	USD	2 Qtrs
Principal borrowings under revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$107.25M	USD	2 Qtrs
Principal payments under revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	$104.71M	USD	2 Qtrs
Principal payments under revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	$97.36M	USD	2 Qtrs
Changes in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$-4.25M	USD	2 Qtrs
Changes in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$-4.31M	USD	2 Qtrs
Principal payments under capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$746.00K	USD	2 Qtrs
Principal payments under capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$726.00K	USD	2 Qtrs
Proceeds from exercise of share option awards	`ProceedsFromStockOptionsExercised`	$28.00K	USD	2 Qtrs
Proceeds from exercise of share option awards	`ProceedsFromStockOptionsExercised`	$7.00K	USD	2 Qtrs
Excess tax benefit related to share-based awards	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$52.00K	USD	2 Qtrs
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$136.00K	USD	2 Qtrs
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$37.00K	USD	2 Qtrs
Tax withholding payments for share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$805.00K	USD	2 Qtrs
Tax withholding payments for share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$613.00K	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$5.54M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$6.66M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$25.29M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-8.56M	USD	2 Qtrs
Net (decrease) increase in cash	`CashPeriodIncreaseDecrease`	$1.03M	USD	2 Qtrs
Net (decrease) increase in cash	`CashPeriodIncreaseDecrease`	$-1.27M	USD	2 Qtrs
Cash at beginning of period	`Cash`	$7.12M	USD	Point-in-time
Cash at beginning of period	`Cash`	$8.14M	USD	Point-in-time
Cash at beginning of period	`Cash`	$6.63M	USD	Point-in-time
Cash at beginning of period	`Cash`	$7.89M	USD	Point-in-time
Cash at end of period	`Cash`	$7.12M	USD	Point-in-time
Cash at end of period	`Cash`	$8.14M	USD	Point-in-time
Cash at end of period	`Cash`	$6.63M	USD	Point-in-time
Cash at end of period	`Cash`	$7.89M	USD	Point-in-time
Property and equipment acquired under capital leases	`CapitalLeaseObligationsIncurred`	$2.01M	USD	2 Qtrs
Property and equipment additions unpaid	`CapitalExpendituresIncurredButNotYetPaid`	$1.50M	USD	2 Qtrs
Property and equipment additions unpaid	`CapitalExpendituresIncurredButNotYetPaid`	$1.44M	USD	2 Qtrs
Interest paid	`InterestPaid`	$469.00K	USD	2 Qtrs
Interest paid	`InterestPaid`	$833.00K	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$555.00K	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$8.31M	USD	2 Qtrs

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Dividends per share	`CommonStockDividendsPerShareDeclared`	$0.15	USD	1 Quarter
Dividends per share	`CommonStockDividendsPerShareDeclared`	$0.12	USD	1 Quarter
Dividends per share	`CommonStockDividendsPerShareDeclared`	$0.30	USD	2 Qtrs
Dividends per share	`CommonStockDividendsPerShareDeclared`	$0.25	USD	2 Qtrs
Beginning Balance	`StockholdersEquity`	$205.04M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$198.83M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$194.74M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$206.78M	USD	Point-in-time
Net income	`NetIncomeLoss`	$1.00M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.78M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.10M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.12M	USD	1 Quarter
Dividends on common stock	`DividendsCommonStockCash`	$5.49M	USD	2 Qtrs
Dividends on common stock	`DividendsCommonStockCash`	$6.62M	USD	2 Qtrs
Exercise of share option awards	`StockIssuedDuringPeriodValueStockOptionsExercised`	$7.00K	USD	2 Qtrs
Exercise of share option awards	`StockIssuedDuringPeriodValueStockOptionsExercised`	$28.00K	USD	2 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.17M	USD	2 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.26M	USD	2 Qtrs
Tax deficiency from share-based awards activity	`AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet`	$-222.00K	USD	2 Qtrs
Retirement of common stock for payment of withholding tax	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$805.00K	USD	2 Qtrs
Retirement of common stock for payment of withholding tax	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$613.00K	USD	2 Qtrs
Retirement of common stock for payment of withholding tax, Shares	`SharesPaidForTaxWithholdingForShareBasedCompensation`	54,012.00	shares	2 Qtrs
Purchases of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$37.00K	USD	2 Qtrs
Purchases of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$136.00K	USD	2 Qtrs
Ending Balance	`StockholdersEquity`	$205.04M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$198.83M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$194.74M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$206.78M	USD	Point-in-time

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