10-Q Filing

OXFORD INDUSTRIES INC CIK: 75288 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0000075288-22-000009`
Period End Date	20220430
Filing Date	20220609
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	oxm-20220430x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 32 Cash Flow Statement 56 Comprehensive Income 9

Balance Sheet 86 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$31.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$92.09M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$164.89M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$134.33M	USD	Point-in-time
Receivables, net	`AccountsReceivableNetCurrent`	$67.66M	USD	Point-in-time
Receivables, net	`AccountsReceivableNetCurrent`	$74.37M	USD	Point-in-time
Receivables, net	`AccountsReceivableNetCurrent`	$34.55M	USD	Point-in-time
Inventories, net	`InventoryNet`	$122.76M	USD	Point-in-time
Inventories, net	`InventoryNet`	$108.81M	USD	Point-in-time
Inventories, net	`InventoryNet`	$117.71M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$19.73M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$17.83M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$19.74M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$24.91M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$18.60M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$22.36M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$400.33M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$308.74M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$407.91M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$150.39M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$152.45M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$157.55M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$155.97M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$155.08M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$155.31M	USD	Point-in-time
Goodwill	`Goodwill`	$23.87M	USD	Point-in-time
Goodwill	`Goodwill`	$23.87M	USD	Point-in-time
Goodwill	`Goodwill`	$23.93M	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$182.34M	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$195.10M	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$221.65M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$33.15M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$30.58M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$27.42M	USD	Point-in-time
Total Assets	`Assets`	$947.02M	USD	Point-in-time
Total Assets	`Assets`	$900.98M	USD	Point-in-time
Total Assets	`Assets`	$957.64M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$72.32M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$68.64M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$80.75M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$30.34M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$26.48M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$31.58M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$61.27M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$60.23M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$54.64M	USD	Point-in-time
Accrued expenses and other liabilities	`OtherAccruedLiabilitiesCurrent`	$53.80M	USD	Point-in-time
Accrued expenses and other liabilities	`OtherAccruedLiabilitiesCurrent`	$76.66M	USD	Point-in-time
Accrued expenses and other liabilities	`OtherAccruedLiabilitiesCurrent`	$60.96M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$225.09M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$226.42M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$226.17M	USD	Point-in-time
Non-current portion of operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$199.49M	USD	Point-in-time
Non-current portion of operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$226.36M	USD	Point-in-time
Non-current portion of operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$185.37M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$21.27M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$19.60M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$21.41M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$2.91M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$363.00K	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$2.21M	USD	Point-in-time
Common stock, $1.00 par value per share	`CommonStockValue`	$16.28M	USD	Point-in-time
Common stock, $1.00 par value per share	`CommonStockValue`	$16.89M	USD	Point-in-time
Common stock, $1.00 par value per share	`CommonStockValue`	$16.80M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$163.14M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$163.16M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$156.07M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$331.18M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$336.99M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$258.21M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.47M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.27M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$405.73M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$473.70M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$495.47M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$427.90M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$507.66M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$513.42M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$947.02M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$957.64M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$900.98M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$352.58M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$265.76M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$99.18M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$126.20M	USD	1 Quarter
Gross profit	`GrossProfit`	$166.59M	USD	1 Quarter
Gross profit	`GrossProfit`	$226.38M	USD	1 Quarter
SG&A	`SellingGeneralAndAdministrativeExpense`	$137.12M	USD	1 Quarter
SG&A	`SellingGeneralAndAdministrativeExpense`	$157.41M	USD	1 Quarter
Royalties and other operating income	`RoyaltiesAndOtherOperatingIncome`	$7.01M	USD	1 Quarter
Royalties and other operating income	`RoyaltiesAndOtherOperatingIncome`	$5.43M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$34.89M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$75.98M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-252.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-242.00K	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$75.74M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$34.64M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$6.17M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$18.33M	USD	1 Quarter
Net earnings, basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$28.47M	USD	1 Quarter
Net earnings, basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$57.41M	USD	1 Quarter
Net earnings, diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$28.47M	USD	1 Quarter
Net earnings, diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$57.41M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$3.52	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.72	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.70	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$3.45	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	16.59M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	16.32M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.62M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.79M	shares	1 Quarter
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.55	USD	1 Quarter
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.37	USD	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`ProfitLoss`	$57.41M	USD	1 Quarter
Net earnings	`ProfitLoss`	$28.47M	USD	1 Quarter
Depreciation	`Depreciation`	$9.96M	USD	1 Quarter
Depreciation	`Depreciation`	$9.46M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$220.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$227.00K	USD	1 Quarter
Equity compensation expense	`ShareBasedCompensation`	$2.23M	USD	1 Quarter
Equity compensation expense	`ShareBasedCompensation`	$2.73M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$86.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$86.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.58M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-727.00K	USD	1 Quarter
Receivables, net	`IncreaseDecreaseInAccountsReceivable`	$37.22M	USD	1 Quarter
Receivables, net	`IncreaseDecreaseInAccountsReceivable`	$39.83M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$5.05M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$-14.90M	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$13.00K	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-145.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.31M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.98M	USD	1 Quarter
Current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.50M	USD	1 Quarter
Current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$27.21M	USD	1 Quarter
Other balance sheet changes	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$-515.00K	USD	1 Quarter
Other balance sheet changes	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$4.10M	USD	1 Quarter
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$22.48M	USD	1 Quarter
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$41.01M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.92M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.28M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$15.00M	USD	1 Quarter
Proceeds from short-term investments	`ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments`	$45.00M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$500.00K	USD	1 Quarter
Cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$20.72M	USD	1 Quarter
Cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.42M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$42.87M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$322.00K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$392.00K	USD	1 Quarter
Repurchase of equity awards for employee tax withholding liabilities	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.98M	USD	1 Quarter
Repurchase of equity awards for employee tax withholding liabilities	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.17M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$6.25M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$9.02M	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.01M	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-749.00K	USD	1 Quarter
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-56.67M	USD	1 Quarter
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-9.66M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$25.92M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-13.47M	USD	1 Quarter
Effect of foreign currency translation on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$155.00K	USD	1 Quarter
Effect of foreign currency translation on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$411.00K	USD	1 Quarter
Cash and cash equivalents at the beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$66.01M	USD	Point-in-time
Cash and cash equivalents at the beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$44.86M	USD	Point-in-time
Cash and cash equivalents at the beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$92.09M	USD	Point-in-time
Cash and cash equivalents at the beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.80M	USD	Point-in-time
Cash and cash equivalents at the end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$66.01M	USD	Point-in-time
Cash and cash equivalents at the end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$44.86M	USD	Point-in-time
Cash and cash equivalents at the end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$92.09M	USD	Point-in-time
Cash and cash equivalents at the end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.80M	USD	Point-in-time

Comprehensive Income 9 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$28.47M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$57.41M	USD	1 Quarter
Net foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$391.00K	USD	1 Quarter
Net foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$477.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$28.86M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$51.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$57.88M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$26.64M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$25.02M	USD	1 Quarter

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