10-Q Filing

BIG 5 SPORTING GOODS CORP CIK: 1156388 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001564590-18-018352`
Period End Date	20180630
Filing Date	20180801
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	bgfv-20180701.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 56 Cash Flow Statement 64 Stockholders Equity 29

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable, current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$62.00K	USD	Point-in-time
Allowance for doubtful accounts receivable, current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$79.00K	USD	Point-in-time
Accumulated amortization on other assets	`AccumulatedAmortizationDeferredFinanceCosts`	$1.57M	USD	Point-in-time
Accumulated amortization on other assets	`AccumulatedAmortizationDeferredFinanceCosts`	$1.62M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash	`Cash`	$5.90M	USD	Point-in-time
Cash	`Cash`	$6.63M	USD	Point-in-time
Cash	`Cash`	$7.17M	USD	Point-in-time
Cash	`Cash`	$7.89M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net of allowances of $62 and $79, respectively	`ReceivablesNetCurrent`	$12.02M	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
Accounts receivable, net of allowances of $62 and $79, respectively	`ReceivablesNetCurrent`	$10.89M	USD	Point-in-time
Merchandise inventories, net	`InventoryNet`	$313.90M	USD	Point-in-time
Merchandise inventories, net	`InventoryNet`	$345.62M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.08M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	24.92M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$19.67M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$18.93M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.43M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.35M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$383.21M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$350.89M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	3.65M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	3.57M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$77.27M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$73.05M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$14.17M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$13.44M	USD	Point-in-time
Other assets, net of accumulated amortization of $1,622 and $1,575, respectively	`OtherAssetsNoncurrent`	$2.73M	USD	Point-in-time
Other assets, net of accumulated amortization of $1,622 and $1,575, respectively	`OtherAssetsNoncurrent`	$3.58M	USD	Point-in-time
Total assets	`Assets`	$473.29M	USD	Point-in-time
Total assets	`Assets`	$445.06M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$113.74M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$112.59M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$68.23M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$59.95M	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$1.75M	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$1.78M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$174.32M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$183.72M	USD	Point-in-time
Deferred rent, less current portion	`DeferredRentCreditNoncurrent`	$15.51M	USD	Point-in-time
Deferred rent, less current portion	`DeferredRentCreditNoncurrent`	$15.95M	USD	Point-in-time
Capital lease obligations, less current portion	`CapitalLeaseObligationsNoncurrent`	$2.80M	USD	Point-in-time
Capital lease obligations, less current portion	`CapitalLeaseObligationsNoncurrent`	$2.45M	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$45.00M	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$90.65M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$10.26M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$10.52M	USD	Point-in-time
Total liabilities	`Liabilities`	$293.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$257.99M	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 25,081,337 and 24,919,624 shares, respectively; outstanding 21,431,124 and 21,345,159 shares, respectively	`CommonStockValue`	$250.00K	USD	Point-in-time
Common stock, $0.01 par value, authorized 50,000,000 shares; issued 25,081,337 and 24,919,624 shares, respectively; outstanding 21,431,124 and 21,345,159 shares, respectively	`CommonStockValue`	$249.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$116.50M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$117.32M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$105.04M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$112.42M	USD	Point-in-time
Less: Treasury stock, at cost; 3,650,213 and 3,574,465 shares, respectively	`TreasuryStockValue`	$42.53M	USD	Point-in-time
Less: Treasury stock, at cost; 3,650,213 and 3,574,465 shares, respectively	`TreasuryStockValue`	$42.10M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$205.04M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$187.07M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$180.09M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$206.78M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$445.06M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$473.29M	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`	$474.13M	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$239.95M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$164.36M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$326.13M	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$164.68M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$333.35M	USD	2 Qtrs
Gross profit	`GrossProfit`	$162.93M	USD	2 Qtrs
Gross profit	`GrossProfit`	$79.31M	USD	1 Quarter
Gross profit	`GrossProfit`	$148.00M	USD	2 Qtrs
Gross profit	`GrossProfit`	$75.27M	USD	1 Quarter
Selling and administrative expense	`SellingGeneralAndAdministrativeExpense`	$148.83M	USD	2 Qtrs
Selling and administrative expense	`SellingGeneralAndAdministrativeExpense`	$148.14M	USD	2 Qtrs
Selling and administrative expense	`SellingGeneralAndAdministrativeExpense`	$74.19M	USD	1 Quarter
Selling and administrative expense	`SellingGeneralAndAdministrativeExpense`	$74.66M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$615.00K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-147.00K	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$14.10M	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$5.12M	USD	1 Quarter
Interest expense	`InterestExpense`	$380.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$793.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$648.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.45M	USD	2 Qtrs
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-178.00K	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$13.45M	USD	2 Qtrs
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.74M	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.60M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$5.35M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$-39.00K	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$1.96M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$70.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-1.56M	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$8.10M	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$-248.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$2.78M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.13	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.37	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$-0.07	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.07	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.37	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.13	USD	1 Quarter
Dividends per share	`CommonStockDividendsPerShareDeclared`	$0.30	USD	2 Qtrs
Dividends per share	`CommonStockDividendsPerShareDeclared`	$0.15	USD	1 Quarter
Dividends per share	`CommonStockDividendsPerShareDeclared`	$0.30	USD	2 Qtrs
Dividends per share	`CommonStockDividendsPerShareDeclared`	$0.15	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	20.96M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	21.75M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	21.71M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	20.98M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.98M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.96M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.87M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.92M	shares	2 Qtrs

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$-1.56M	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$8.10M	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$-248.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$2.78M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$9.55M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$9.47M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$1.17M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$1.16M	USD	2 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$88.00K	USD	2 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$46.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.06M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$521.00K	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInReceivables`	$-75.00K	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInReceivables`	$1.14M	USD	2 Qtrs
Merchandise inventories, net	`IncreaseDecreaseInInventories`	$34.40M	USD	2 Qtrs
Merchandise inventories, net	`IncreaseDecreaseInInventories`	$31.72M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.66M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-84.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$10.75M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$11.36M	USD	2 Qtrs
Accrued expenses and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-9.58M	USD	2 Qtrs
Accrued expenses and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-15.67M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-21.88M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-19.40M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.15M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.16M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.16M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.15M	USD	2 Qtrs
Principal borrowings under revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$135.28M	USD	2 Qtrs
Principal borrowings under revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$136.80M	USD	2 Qtrs
Principal payments under revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	$91.14M	USD	2 Qtrs
Principal payments under revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	$97.36M	USD	2 Qtrs
Changes in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$-11.77M	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`	$893.00K	USD	2 Qtrs
Proceeds from exercise of share option awards	`ProceedsFromStockOptionsExercised`	$28.00K	USD	2 Qtrs
Proceeds from exercise of share option awards	`ProceedsFromStockOptionsExercised`	$31.00K	USD	2 Qtrs
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$428.00K	USD	2 Qtrs
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$136.00K	USD	2 Qtrs
Tax withholding payments for share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$366.00K	USD	2 Qtrs
Tax withholding payments for share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$805.00K	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$6.66M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$6.46M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$25.77M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$25.29M	USD	2 Qtrs
Net decrease in cash	`CashPeriodIncreaseDecrease`	$-1.27M	USD	2 Qtrs
Net decrease in cash	`CashPeriodIncreaseDecrease`	$-1.27M	USD	2 Qtrs
Cash at beginning of period	`Cash`	$5.90M	USD	Point-in-time
Cash at beginning of period	`Cash`	$6.63M	USD	Point-in-time
Cash at beginning of period	`Cash`	$7.17M	USD	Point-in-time
Cash at beginning of period	`Cash`	$7.89M	USD	Point-in-time
Cash at end of period	`Cash`	$5.90M	USD	Point-in-time
Cash at end of period	`Cash`	$6.63M	USD	Point-in-time
Cash at end of period	`Cash`	$7.17M	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 acquired under capital leases	`CapitalLeaseObligationsIncurred`	$644.00K	USD	2 Qtrs
Property and equipment additions unpaid	`CapitalExpendituresIncurredButNotYetPaid`	$1.50M	USD	2 Qtrs
Property and equipment additions unpaid	`CapitalExpendituresIncurredButNotYetPaid`	$1.47M	USD	2 Qtrs
Interest paid	`InterestPaidNet`	$1.27M	USD	2 Qtrs
Interest paid	`InterestPaidNet`	$469.00K	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$20.00K	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$8.31M	USD	2 Qtrs

Stockholders Equity 29 line items

Line Item	Tag	Value	Unit	Period
Dividends per share	`CommonStockDividendsPerShareDeclared`	$0.30	USD	2 Qtrs
Dividends per share	`CommonStockDividendsPerShareDeclared`	$0.15	USD	1 Quarter
Dividends per share	`CommonStockDividendsPerShareDeclared`	$0.30	USD	2 Qtrs
Dividends per share	`CommonStockDividendsPerShareDeclared`	$0.15	USD	1 Quarter
Beginning Balance	`StockholdersEquity`	$205.04M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$187.07M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$180.09M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$206.78M	USD	Point-in-time
Net (loss) income	`NetIncomeLoss`	$-1.56M	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$8.10M	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$-248.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$2.78M	USD	1 Quarter
Cumulative adjustment from change inaccounting principle, net of tax	`CumulativeEffectOnRetainedEarningsNetOfTax1`	$575.00K	USD	2 Qtrs
Dividends on common stock	`DividendsCommonStockCash`	$6.62M	USD	2 Qtrs
Dividends on common stock	`DividendsCommonStockCash`	$6.40M	USD	2 Qtrs
Exercise of share option awards	`StockIssuedDuringPeriodValueStockOptionsExercised`	$31.00K	USD	2 Qtrs
Exercise of share option awards	`StockIssuedDuringPeriodValueStockOptionsExercised`	$28.00K	USD	2 Qtrs
Exercise of share option awards, Shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	6,564.00	shares	2 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.16M	USD	2 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.17M	USD	2 Qtrs
Retirement of common stock for payment of withholding tax	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$366.00K	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, Shares	`SharesPaidForTaxWithholdingForShareBasedCompensation`	53,343.00	shares	2 Qtrs
Purchases of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$136.00K	USD	2 Qtrs
Purchases of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$428.00K	USD	2 Qtrs
Ending Balance	`StockholdersEquity`	$205.04M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$187.07M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$180.09M	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.