10-Q Filing

BIG 5 SPORTING GOODS CORP CIK: 1156388 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001564590-21-023857`
Period End Date	20210331
Filing Date	20210505
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	bgfv-10q_20210404_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 26 Cash Flow Statement 64 Stockholders Equity 21

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable, current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$58.00K	USD	Point-in-time
Allowance for doubtful accounts receivable, current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$80.00K	USD	Point-in-time
Accumulated amortization on other assets	`AccumulatedAmortizationDeferredFinanceCosts`	$594.00K	USD	Point-in-time
Accumulated amortization on other assets	`AccumulatedAmortizationDeferredFinanceCosts`	$2.41M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$64.65M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$100.10M	USD	Point-in-time
Accounts receivable, net of allowances of $80 and $58, respectively	`ReceivablesNetCurrent`	$19.88M	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 $80 and $58, respectively	`ReceivablesNetCurrent`	$11.40M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.58M	shares	Point-in-time
Merchandise inventories, net	`InventoryNet`	$251.18M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.94M	shares	Point-in-time
Merchandise inventories, net	`InventoryNet`	$247.29M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	22.29M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.93M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$10.51M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$11.68M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	3.65M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$347.40M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	3.65M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$369.30M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$271.96M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$278.61M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$57.24M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$58.71M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$13.83M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$12.53M	USD	Point-in-time
Other assets, net of accumulated amortization of $594 and $2,407, respectively	`OtherAssetsNoncurrent`	$3.61M	USD	Point-in-time
Other assets, net of accumulated amortization of $594 and $2,407, respectively	`OtherAssetsNoncurrent`	$2.91M	USD	Point-in-time
Total assets	`Assets`	$699.99M	USD	Point-in-time
Total assets	`Assets`	$716.11M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$88.61M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$80.88M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$82.88M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$78.35M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$73.74M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$73.20M	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$2.09M	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$2.66M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$242.82M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$239.59M	USD	Point-in-time
Operating lease liabilities, less current portion	`OperatingLeaseLiabilityNoncurrent`	$210.89M	USD	Point-in-time
Operating lease liabilities, less current portion	`OperatingLeaseLiabilityNoncurrent`	$217.79M	USD	Point-in-time
Finance lease liabilities, less current portion	`FinanceLeaseLiabilityNoncurrent`	$2.50M	USD	Point-in-time
Finance lease liabilities, less current portion	`FinanceLeaseLiabilityNoncurrent`	$4.33M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$6.87M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$7.48M	USD	Point-in-time
Total liabilities	`Liabilities`	$464.91M	USD	Point-in-time
Total liabilities	`Liabilities`	$467.36M	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 25,938,473 and 25,580,541 shares, respectively; outstanding 22,288,260 and 21,930,328 shares, respectively	`CommonStockValue`	$259.00K	USD	Point-in-time
Common stock, $0.01 par value, authorized 50,000,000 shares; issued 25,938,473 and 25,580,541 shares, respectively; outstanding 22,288,260 and 21,930,328 shares, respectively	`CommonStockValue`	$255.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$121.84M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$122.19M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$171.28M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$153.07M	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`	$180.37M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$251.20M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$232.64M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$716.11M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$699.99M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$217.74M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$272.81M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$174.91M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$153.18M	USD	1 Quarter
Gross profit	`GrossProfit`	$97.89M	USD	1 Quarter
Gross profit	`GrossProfit`	$64.56M	USD	1 Quarter
Selling and administrative expense	`SellingGeneralAndAdministrativeExpense`	$71.37M	USD	1 Quarter
Selling and administrative expense	`SellingGeneralAndAdministrativeExpense`	$70.14M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-6.82M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$27.75M	USD	1 Quarter
Interest expense	`InterestExpense`	$342.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$735.00K	USD	1 Quarter
Income (loss) before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-7.55M	USD	1 Quarter
Income (loss) before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$27.41M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$5.86M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-2.94M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$21.55M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-4.61M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.01	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.22	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.22	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.96	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	21.15M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	21.42M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.37M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.15M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$21.55M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-4.61M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.61M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.26M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$475.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$425.00K	USD	1 Quarter
Amortization of other assets	`AmortizationOfOtherAssets`	$265.00K	USD	1 Quarter
Amortization of other assets	`AmortizationOfOtherAssets`	$83.00K	USD	1 Quarter
Noncash lease expense	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$16.03M	USD	1 Quarter
Noncash lease expense	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$15.79M	USD	1 Quarter
Proceeds from insurance recovery - lost profit margin and expenses	`ProceedsFromInsuranceSettlementOperatingActivities`	$1.08M	USD	1 Quarter
Gain on recovery of insurance proceeds - lost profit margin and expenses	`GainOnBusinessInterruptionInsuranceRecovery`	$460.00K	USD	1 Quarter
Gain on recovery of insurance proceeds - property and equipment	`GainOnPropertyInsuranceRecoveriesAssociatedWithPropertyPlantAndEquipment`	$249.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.30M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$645.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInReceivables`	$-7.88M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInReceivables`	$-5.81M	USD	1 Quarter
Merchandise inventories, net	`IncreaseDecreaseInInventories`	$3.03M	USD	1 Quarter
Merchandise inventories, net	`IncreaseDecreaseInInventories`	$-3.89M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.51M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-927.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$7.68M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.59M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-16.83M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-16.24M	USD	1 Quarter
Accrued expenses and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-5.79M	USD	1 Quarter
Accrued expenses and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-11.93M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.30M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$41.97M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.34M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.74M	USD	1 Quarter
Proceeds from insurance recovery - property and equipment	`ProceedsFromInsuranceSettlementInvestingActivities`	$249.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.49M	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
Payments under revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	$59.20M	USD	1 Quarter
Changes in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$68.00K	USD	1 Quarter
Changes in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$-11.85M	USD	1 Quarter
Debt issuance costs paid	`PaymentsOfDebtIssuanceCosts`	$717.00K	USD	1 Quarter
Principal payments under finance lease liabilities	`FinanceLeasePrincipalPayments`	$951.00K	USD	1 Quarter
Principal payments under finance lease liabilities	`FinanceLeasePrincipalPayments`	$931.00K	USD	1 Quarter
Proceeds from exercise of share option awards	`ProceedsFromStockOptionsExercised`	$948.00K	USD	1 Quarter
Tax withholding payments for share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$97.00K	USD	1 Quarter
Tax withholding payments for share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.05M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$1.19M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$3.36M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$43.62M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.04M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$35.98M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$35.44M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$100.10M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$64.65M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$44.20M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.22M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$100.10M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$64.65M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$44.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.22M	USD	Point-in-time
Property and equipment acquired under finance leases	`FinanceLeaseObligationsIncurred`	$3.33M	USD	1 Quarter
Property and equipment additions unpaid	`CapitalExpendituresIncurredButNotYetPaid`	$931.00K	USD	1 Quarter
Property and equipment additions unpaid	`CapitalExpendituresIncurredButNotYetPaid`	$1.32M	USD	1 Quarter
Interest paid	`InterestPaidNet`	$772.00K	USD	1 Quarter
Interest paid	`InterestPaidNet`	$192.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$6.00K	USD	1 Quarter

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Dividends per share	`CommonStockDividendsPerShareDeclared`	$0.05	USD	1 Quarter
Dividends per share	`CommonStockDividendsPerShareDeclared`	$0.15	USD	1 Quarter
Beginning Balance	`StockholdersEquity`	$175.06M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$180.37M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$251.20M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$232.64M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$21.55M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-4.61M	USD	1 Quarter
Dividends on common stock	`DividendsCommonStockCash`	$3.34M	USD	1 Quarter
Dividends on common stock	`DividendsCommonStockCash`	$1.08M	USD	1 Quarter
Exercise of share option awards	`StockIssuedDuringPeriodValueStockOptionsExercised`	$976.00K	USD	1 Quarter
Exercise of share option awards, Shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	196,200.00	shares	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$425.00K	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$475.00K	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`	$1.05M	USD	1 Quarter
Retirement of common stock for payment of withholding tax, Shares	`SharesPaidForTaxWithholdingForShareBasedCompensation`	70,228.00	shares	1 Quarter
Ending Balance	`StockholdersEquity`	$175.06M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$180.37M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$251.20M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$232.64M	USD	Point-in-time

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