10-Q Filing

OXFORD INDUSTRIES INC CIK: 75288 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0000075288-23-000010`
Period End Date	20230430
Filing Date	20230608
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	oxm-20230429x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 87 Income Statement 32 Cash Flow Statement 59 Comprehensive Income 9

Balance Sheet 87 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`	$9.71M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.83M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$31.80M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$134.33M	USD	Point-in-time
Receivables, net	`AccountsReceivableNetCurrent`	$72.27M	USD	Point-in-time
Receivables, net	`AccountsReceivableNetCurrent`	$81.48M	USD	Point-in-time
Receivables, net	`AccountsReceivableNetCurrent`	$43.99M	USD	Point-in-time
Inventories, net	`InventoryNet`	$179.61M	USD	Point-in-time
Inventories, net	`InventoryNet`	$122.76M	USD	Point-in-time
Inventories, net	`InventoryNet`	$220.14M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$19.74M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$19.44M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$19.44M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$38.07M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$37.46M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$27.01M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$327.70M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$407.91M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$330.46M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$150.39M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$177.58M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$181.60M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$283.85M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$280.79M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$155.08M	USD	Point-in-time
Goodwill	`Goodwill`	$120.50M	USD	Point-in-time
Goodwill	`Goodwill`	$122.06M	USD	Point-in-time
Goodwill	`Goodwill`	$23.87M	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$240.69M	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$182.34M	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$245.10M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$27.42M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$36.98M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$35.59M	USD	Point-in-time
Total Assets	`Assets`	$1.19B	USD	Point-in-time
Total Assets	`Assets`	$947.02M	USD	Point-in-time
Total Assets	`Assets`	$1.19B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$94.61M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$69.61M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$68.64M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$26.48M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$24.32M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$35.02M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$54.64M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$73.86M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$67.27M	USD	Point-in-time
Accrued expenses and other liabilities	`OtherAccruedLiabilitiesCurrent`	$80.85M	USD	Point-in-time
Accrued expenses and other liabilities	`OtherAccruedLiabilitiesCurrent`	$66.14M	USD	Point-in-time
Accrued expenses and other liabilities	`OtherAccruedLiabilitiesCurrent`	$76.66M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$269.64M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$226.42M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$242.05M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$119.01M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$94.31M	USD	Point-in-time
Non-current portion of operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$220.71M	USD	Point-in-time
Non-current portion of operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$185.37M	USD	Point-in-time
Non-current portion of operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$223.17M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$19.56M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$20.05M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$19.60M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$2.98M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$2.21M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$7.72M	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`	$15.78M	USD	Point-in-time
Common stock, $1.00 par value per share	`CommonStockValue`	$15.77M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$176.03M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$163.14M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$172.18M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$336.99M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$418.04M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$370.14M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.43M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.82M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$607.42M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$533.04M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$534.02M	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 Shareholders' Equity	`StockholdersEquity`	$556.27M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$947.02M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.19B	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.19B	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`	$420.10M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$126.20M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$144.97M	USD	1 Quarter
Gross profit	`GrossProfit`	$226.38M	USD	1 Quarter
Gross profit	`GrossProfit`	$275.13M	USD	1 Quarter
SG&A	`SellingGeneralAndAdministrativeExpense`	$203.15M	USD	1 Quarter
SG&A	`SellingGeneralAndAdministrativeExpense`	$157.41M	USD	1 Quarter
Royalties and other operating income	`RoyaltiesAndOtherOperatingIncome`	$8.32M	USD	1 Quarter
Royalties and other operating income	`RoyaltiesAndOtherOperatingIncome`	$7.01M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$80.30M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$75.98M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-2.34M	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`	$77.96M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$18.33M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$19.42M	USD	1 Quarter
Net earnings, basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$58.54M	USD	1 Quarter
Net earnings, basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$57.41M	USD	1 Quarter
Net earnings, diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$57.41M	USD	1 Quarter
Net earnings, diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$58.54M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$3.52	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$3.75	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$3.45	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$3.64	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	15.63M	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`	16.07M	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`	$0.65	USD	1 Quarter

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`ProfitLoss`	$57.41M	USD	1 Quarter
Net earnings	`ProfitLoss`	$58.54M	USD	1 Quarter
Depreciation	`Depreciation`	$9.96M	USD	1 Quarter
Depreciation	`Depreciation`	$11.51M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$3.66M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$227.00K	USD	1 Quarter
Equity compensation expense	`ShareBasedCompensation`	$2.73M	USD	1 Quarter
Equity compensation expense	`ShareBasedCompensation`	$3.26M	USD	1 Quarter
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$1.76M	USD	1 Quarter
Amortization and write-off of deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$272.00K	USD	1 Quarter
Amortization and write-off of deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$86.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-727.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$4.66M	USD	1 Quarter
Receivables, net	`IncreaseDecreaseInAccountsReceivable`	$38.98M	USD	1 Quarter
Receivables, net	`IncreaseDecreaseInAccountsReceivable`	$37.54M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$5.05M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$-39.99M	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$2.00K	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$13.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-634.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$7.17M	USD	1 Quarter
Current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-27.67M	USD	1 Quarter
Current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.50M	USD	1 Quarter
Other balance sheet changes	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$-515.00K	USD	1 Quarter
Other balance sheet changes	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$2.99M	USD	1 Quarter
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$52.56M	USD	1 Quarter
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$22.48M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$997.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$16.66M	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
Proceeds from the sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.12M	USD	1 Quarter
Cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$20.72M	USD	1 Quarter
Cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.53M	USD	1 Quarter
Repayment of revolving credit arrangements	`RepaymentsOfLinesOfCredit`	$137.75M	USD	1 Quarter
Proceeds from revolving credit arrangements	`ProceedsFromLinesOfCredit`	$113.05M	USD	1 Quarter
Deferred financing costs paid	`PaymentsOfFinancingCosts`	$1.66M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$42.87M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$392.00K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$602.00K	USD	1 Quarter
Repurchase of equity awards for employee tax withholding liabilities	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.17M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$10.35M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$9.02M	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.01M	USD	1 Quarter
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-56.67M	USD	1 Quarter
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-36.11M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-13.47M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$909.00K	USD	1 Quarter
Effect of foreign currency translation on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-23.00K	USD	1 Quarter
Effect of foreign currency translation on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$411.00K	USD	1 Quarter
Cash and cash equivalents at the beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.71M	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 beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$44.86M	USD	Point-in-time
Cash and cash equivalents at the beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.83M	USD	Point-in-time
Cash and cash equivalents at the end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.71M	USD	Point-in-time
Cash and cash equivalents at the end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.80M	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`	$8.83M	USD	Point-in-time

Comprehensive Income 9 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$58.54M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$57.41M	USD	1 Quarter
Net foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$477.00K	USD	1 Quarter
Net foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-604.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$56.49M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$57.93M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$33.80M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$19.22M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$57.88M	USD	1 Quarter

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