10-Q Filing

BIG 5 SPORTING GOODS CORP CIK: 1156388 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001564590-20-027250`
Period End Date	20200331
Filing Date	20200528
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	bgfv-20200329.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 26 Cash Flow Statement 60 Stockholders Equity 20

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable, current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$64.00K	USD	Point-in-time
Allowance for doubtful accounts receivable, current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$58.00K	USD	Point-in-time
Accumulated amortization on other assets	`AccumulatedAmortizationDeferredFinanceCosts`	$2.04M	USD	Point-in-time
Accumulated amortization on other assets	`AccumulatedAmortizationDeferredFinanceCosts`	$2.13M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash	`Cash`	$44.20M	USD	Point-in-time
Cash	`Cash`	$8.22M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Accounts receivable, net of allowances of $64 and $58, respectively	`ReceivablesNetCurrent`	$13.65M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Accounts receivable, net of allowances of $64 and $58, respectively	`ReceivablesNetCurrent`	$7.83M	USD	Point-in-time
Merchandise inventories, net	`InventoryNet`	$312.35M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.49M	shares	Point-in-time
Merchandise inventories, net	`InventoryNet`	$309.31M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.31M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$8.13M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.84M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.66M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$9.68M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$340.86M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	3.65M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$372.51M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	3.65M	shares	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$262.59M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$270.00M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$66.35M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$68.41M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$12.97M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$13.62M	USD	Point-in-time
Other assets, net of accumulated amortization of $2,126 and $2,043, respectively	`OtherAssetsNoncurrent`	$3.31M	USD	Point-in-time
Other assets, net of accumulated amortization of $2,126 and $2,043, respectively	`OtherAssetsNoncurrent`	$3.27M	USD	Point-in-time
Total assets	`Assets`	$725.10M	USD	Point-in-time
Total assets	`Assets`	$688.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$73.24M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$83.66M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$53.11M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$64.94M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$71.97M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$71.54M	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$2.68M	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$2.52M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$200.85M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$222.81M	USD	Point-in-time
Operating lease liabilities, less current portion	`OperatingLeaseLiabilityNoncurrent`	$206.81M	USD	Point-in-time
Operating lease liabilities, less current portion	`OperatingLeaseLiabilityNoncurrent`	$213.34M	USD	Point-in-time
Finance lease liabilities, less current portion	`FinanceLeaseLiabilityNoncurrent`	$3.98M	USD	Point-in-time
Finance lease liabilities, less current portion	`FinanceLeaseLiabilityNoncurrent`	$4.79M	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$66.56M	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$124.28M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$7.61M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$7.47M	USD	Point-in-time
Total liabilities	`Liabilities`	$550.04M	USD	Point-in-time
Total liabilities	`Liabilities`	$508.43M	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 25,487,561 and 25,314,289 shares, respectively; outstanding 21,837,348 and 21,664,076 shares, respectively	`CommonStockValue`	$254.00K	USD	Point-in-time
Common stock, $0.01 par value, authorized 50,000,000 shares; issued 25,487,561 and 25,314,289 shares, respectively; outstanding 21,837,348 and 21,664,076 shares, respectively	`CommonStockValue`	$252.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$120.05M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$120.43M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$96.90M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$102.59M	USD	Point-in-time
Less: Treasury stock, at cost; 3,650,213 shares	`TreasuryStockValue`	$42.53M	USD	Point-in-time
Less: Treasury stock, at cost; 3,650,213 shares	`TreasuryStockValue`	$42.53M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$175.06M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$174.86M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$175.44M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$180.37M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$725.10M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$688.80M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$245.29M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$217.74M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$153.18M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$169.41M	USD	1 Quarter
Gross profit	`GrossProfit`	$64.56M	USD	1 Quarter
Gross profit	`GrossProfit`	$75.88M	USD	1 Quarter
Selling and administrative expense	`SellingGeneralAndAdministrativeExpense`	$71.37M	USD	1 Quarter
Selling and administrative expense	`SellingGeneralAndAdministrativeExpense`	$72.61M	USD	1 Quarter
Operating (loss) income	`OperatingIncomeLoss`	$-6.82M	USD	1 Quarter
Operating (loss) income	`OperatingIncomeLoss`	$3.27M	USD	1 Quarter
Interest expense	`InterestExpense`	$735.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$776.00K	USD	1 Quarter
(Loss) income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-7.55M	USD	1 Quarter
(Loss) income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.49M	USD	1 Quarter
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$-2.94M	USD	1 Quarter
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$825.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$1.66M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-4.61M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.22	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.08	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.22	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.08	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	21.03M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	21.15M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.15M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.05M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$-4.61M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$1.66M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.93M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.61M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$538.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$475.00K	USD	1 Quarter
Amortization of other assets	`AmortizationOfOtherAssets`	$65.00K	USD	1 Quarter
Amortization of other assets	`AmortizationOfOtherAssets`	$83.00K	USD	1 Quarter
ROU asset gain on disposal	`GainOnDisposalOfRightOfUseAsset`	$110.00K	USD	1 Quarter
Noncash lease expense	`NoncashLeaseExpense`	$15.79M	USD	1 Quarter
Noncash lease expense	`NoncashLeaseExpense`	$13.91M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$624.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$645.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInReceivables`	$-3.44M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInReceivables`	$-5.81M	USD	1 Quarter
Merchandise inventories, net	`IncreaseDecreaseInInventories`	$1.34M	USD	1 Quarter
Merchandise inventories, net	`IncreaseDecreaseInInventories`	$3.03M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.85M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.51M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$13.22M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.59M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-19.00M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-16.24M	USD	1 Quarter
Accrued expenses and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-11.93M	USD	1 Quarter
Accrued expenses and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-7.26M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$12.54M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.30M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.34M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.52M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.52M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.34M	USD	1 Quarter
Borrowings under revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$116.91M	USD	1 Quarter
Borrowings under revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$43.83M	USD	1 Quarter
Payments under revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	$59.20M	USD	1 Quarter
Payments under revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	$63.41M	USD	1 Quarter
Changes in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$-11.85M	USD	1 Quarter
Changes in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$9.41M	USD	1 Quarter
Principal payments under finance lease liabilities	`FinanceLeasePrincipalPayments`	$951.00K	USD	1 Quarter
Principal payments under finance lease liabilities	`FinanceLeasePrincipalPayments`	$866.00K	USD	1 Quarter
Tax withholding payments for share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$221.00K	USD	1 Quarter
Tax withholding payments for share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$97.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$1.19M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$1.22M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$43.62M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-12.48M	USD	1 Quarter
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$35.98M	USD	1 Quarter
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.47M	USD	1 Quarter
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.76M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.30M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$44.20M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.22M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.76M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.30M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$44.20M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.22M	USD	Point-in-time
Property and equipment acquired under finance leases	`FinanceLeaseObligationsIncurred`	$864.00K	USD	1 Quarter
Property and equipment additions unpaid	`CapitalExpendituresIncurredButNotYetPaid`	$761.00K	USD	1 Quarter
Property and equipment additions unpaid	`CapitalExpendituresIncurredButNotYetPaid`	$931.00K	USD	1 Quarter
Interest paid	`InterestPaidNet`	$772.00K	USD	1 Quarter
Interest paid	`InterestPaidNet`	$762.00K	USD	1 Quarter

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Dividends per share	`CommonStockDividendsPerShareDeclared`	$0.05	USD	1 Quarter
Dividends per share	`CommonStockDividendsPerShareDeclared`	$0.05	USD	1 Quarter
Beginning Balance	`StockholdersEquity`	$175.06M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$174.86M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$175.44M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$180.37M	USD	Point-in-time
Cumulative adjustment from change in accounting principle, net of tax	`CumulativeEffectOnRetainedEarningsNetOfTax1`	$-339.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$1.66M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-4.61M	USD	1 Quarter
Dividends on common stock	`DividendsCommonStockCash`	$1.07M	USD	1 Quarter
Dividends on common stock	`DividendsCommonStockCash`	$1.08M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$475.00K	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$538.00K	USD	1 Quarter
Retirement of common stock for payment of withholding tax	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$97.00K	USD	1 Quarter
Retirement of common stock for payment of withholding tax	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$221.00K	USD	1 Quarter
Retirement of common stock for payment of withholding tax, Shares	`SharesPaidForTaxWithholdingForShareBasedCompensation`	64,573.00	shares	1 Quarter
Ending Balance	`StockholdersEquity`	$175.06M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$174.86M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$175.44M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$180.37M	USD	Point-in-time

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