10-Q Filing

BUCKLE INC CIK: 885245 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0000885245-14-000024`
Period End Date	20140430
Filing Date	20140612
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	bke-20140503.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 30 Cash Flow Statement 54 Stockholders Equity 19 Comprehensive Income 10

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Common stock, authorized (shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, authorized (shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, par value (dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$169.72M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$117.61M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$164.87M	USD	Point-in-time
Common stock, shares issued (shares)	`CommonStockSharesIssued`	48.37M	shares	Point-in-time
Common stock, shares issued (shares)	`CommonStockSharesIssued`	48.34M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$116.60M	USD	Point-in-time
Short-term investments	`MarketableSecuritiesCurrent`	$22.09M	USD	Point-in-time
Common stock, shares outstanding (shares)	`CommonStockSharesOutstanding`	48.37M	shares	Point-in-time
Common stock, shares outstanding (shares)	`CommonStockSharesOutstanding`	48.34M	shares	Point-in-time
Short-term investments	`MarketableSecuritiesCurrent`	$20.20M	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$4.83M	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$4.32M	USD	Point-in-time
Inventory	`InventoryNet`	$124.14M	USD	Point-in-time
Inventory	`InventoryNet`	$119.21M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$28.61M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$28.56M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$344.41M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$342.14M	USD	Point-in-time
PROPERTY AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$400.62M	USD	Point-in-time
PROPERTY AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$393.66M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$235.09M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$239.96M	USD	Point-in-time
PROPERTY AND EQUIPMENT, Net	`PropertyPlantAndEquipmentNet`	$160.66M	USD	Point-in-time
PROPERTY AND EQUIPMENT, Net	`PropertyPlantAndEquipmentNet`	$158.57M	USD	Point-in-time
LONG-TERM INVESTMENTS	`MarketableSecuritiesNoncurrent`	$43.44M	USD	Point-in-time
LONG-TERM INVESTMENTS	`MarketableSecuritiesNoncurrent`	$45.99M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$2.15M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$2.15M	USD	Point-in-time
Total assets	`Assets`	$553.20M	USD	Point-in-time
Total assets	`Assets`	$546.29M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$37.15M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$36.44M	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrent`	$36.93M	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrent`	$12.90M	USD	Point-in-time
Accrued store operating expenses	`OtherAccruedLiabilitiesCurrent`	$10.53M	USD	Point-in-time
Accrued store operating expenses	`OtherAccruedLiabilitiesCurrent`	$9.98M	USD	Point-in-time
Gift certificates redeemable	`AccruedLiabilitiesForUnredeeemedGiftCards`	$18.79M	USD	Point-in-time
Gift certificates redeemable	`AccruedLiabilitiesForUnredeeemedGiftCards`	$23.13M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$16.19M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$21.41M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$123.38M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$100.08M	USD	Point-in-time
DEFERRED COMPENSATION	`DeferredCompensationLiabilityClassifiedNoncurrent`	$13.72M	USD	Point-in-time
DEFERRED COMPENSATION	`DeferredCompensationLiabilityClassifiedNoncurrent`	$12.80M	USD	Point-in-time
DEFERRED RENT LIABILITY	`IncentiveFromLessor`	$38.23M	USD	Point-in-time
DEFERRED RENT LIABILITY	`IncentiveFromLessor`	$37.56M	USD	Point-in-time
OTHER LIABILITIES	`DeferredTaxLiabilitiesNoncurrent`	$10.62M	USD	Point-in-time
OTHER LIABILITIES	`DeferredTaxLiabilitiesNoncurrent`	$10.27M	USD	Point-in-time
Total liabilities	`Liabilities`	$162.31M	USD	Point-in-time
Total liabilities	`Liabilities`	$184.36M	USD	Point-in-time
COMMITMENTS	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, authorized 100,000,000 shares of $.01 par value; 48,374,622 and 48,336,392 shares issued and outstanding at May 3, 2014 and February 1, 2014, respectively	`CommonStockValue`	$483.00K	USD	Point-in-time
Common stock, authorized 100,000,000 shares of $.01 par value; 48,374,622 and 48,336,392 shares issued and outstanding at May 3, 2014 and February 1, 2014, respectively	`CommonStockValue`	$484.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$126.40M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$124.13M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$238.15M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$264.85M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-838.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-838.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$289.65M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$320.32M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$361.93M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$390.90M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$546.29M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$553.20M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
SALES, Net of returns and allowances	`SalesRevenueNet`	$269.71M	USD	1 Quarter
SALES, Net of returns and allowances	`SalesRevenueNet`	$271.68M	USD	1 Quarter
COST OF SALES (Including buying, distribution, and occupancy costs)	`CostOfMerchandiseSalesBuyingAndOccupancyCosts`	$152.71M	USD	1 Quarter
COST OF SALES (Including buying, distribution, and occupancy costs)	`CostOfMerchandiseSalesBuyingAndOccupancyCosts`	$154.47M	USD	1 Quarter
Gross profit	`GrossProfit`	$117.01M	USD	1 Quarter
Gross profit	`GrossProfit`	$117.20M	USD	1 Quarter
Selling	`RetailSellingAndMarketingExpense`	$47.79M	USD	1 Quarter
Selling	`RetailSellingAndMarketingExpense`	$47.29M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$10.19M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$10.46M	USD	1 Quarter
Total selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$57.75M	USD	1 Quarter
Total selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$57.99M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$59.26M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$59.21M	USD	1 Quarter
OTHER INCOME, Net	`NonoperatingIncomeExpense`	$345.00K	USD	1 Quarter
OTHER INCOME, Net	`NonoperatingIncomeExpense`	$350.00K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$59.61M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$59.56M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$22.05M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$22.21M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$37.55M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$37.34M	USD	1 Quarter
Basic (dollars per share)	`EarningsPerShareBasic`	$0.78	USD	1 Quarter
Basic (dollars per share)	`EarningsPerShareBasic`	$0.79	USD	1 Quarter
Diluted (dollars per share)	`EarningsPerShareDiluted`	$0.78	USD	1 Quarter
Diluted (dollars per share)	`EarningsPerShareDiluted`	$0.78	USD	1 Quarter
Basic weighted average shares	`WeightedAverageNumberOfSharesOutstandingBasic`	47.89M	shares	1 Quarter
Basic weighted average shares	`WeightedAverageNumberOfSharesOutstandingBasic`	47.70M	shares	1 Quarter
Diluted weighted average shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.05M	shares	1 Quarter
Diluted weighted average shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.93M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
NET INCOME	`NetIncomeLoss`	$37.55M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$37.34M	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$7.89M	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$7.65M	USD	1 Quarter
Amortization of non-vested stock grants, net of forfeitures	`RestrictedStockExpense`	$2.08M	USD	1 Quarter
Amortization of non-vested stock grants, net of forfeitures	`RestrictedStockExpense`	$2.58M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-956.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-767.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-17.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-157.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$847.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$134.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-4.93M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$2.04M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-461.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$519.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$6.47M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-461.00K	USD	1 Quarter
Accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-24.03M	USD	1 Quarter
Accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-28.75M	USD	1 Quarter
Accrued store operating expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$546.00K	USD	1 Quarter
Accrued store operating expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$582.00K	USD	1 Quarter
Gift certificates redeemable	`IncreaseDecreaseInGiftCardLiability`	$-4.55M	USD	1 Quarter
Gift certificates redeemable	`IncreaseDecreaseInGiftCardLiability`	$-4.34M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$922.00K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$4.88M	USD	1 Quarter
Deferred rent liabilities and deferred compensation	`IncreaseDecreaseInDeferredCompensationLiabilityAndIncentiveFromLessor`	$1.59M	USD	1 Quarter
Deferred rent liabilities and deferred compensation	`IncreaseDecreaseInDeferredCompensationLiabilityAndIncentiveFromLessor`	$2.78M	USD	1 Quarter
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$21.14M	USD	1 Quarter
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$29.91M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.15M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.16M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$7.12M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$9.51M	USD	1 Quarter
Proceeds from sales/maturities of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$5.62M	USD	1 Quarter
Proceeds from sales/maturities of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$5.07M	USD	1 Quarter
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-12.66M	USD	1 Quarter
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-14.59M	USD	1 Quarter
Excess tax benefit from stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$173.00K	USD	1 Quarter
Excess tax benefit from stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$170.00K	USD	1 Quarter
Payment of dividends	`PaymentsOfDividendsCommonStock`	$10.64M	USD	1 Quarter
Payment of dividends	`PaymentsOfDividendsCommonStock`	$9.66M	USD	1 Quarter
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-10.47M	USD	1 Quarter
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-9.49M	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.01M	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.85M	USD	1 Quarter
CASH AND CASH EQUIVALENTS, Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$169.72M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$117.61M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$164.87M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$116.60M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, End of period	`CashAndCashEquivalentsAtCarryingValue`	$169.72M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, End of period	`CashAndCashEquivalentsAtCarryingValue`	$117.61M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, End of period	`CashAndCashEquivalentsAtCarryingValue`	$164.87M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, End of period	`CashAndCashEquivalentsAtCarryingValue`	$116.60M	USD	Point-in-time

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Dividends paid on common stock, per share	`CommonStockDividendsPerShareCashPaid`	$0.22	USD	1 Quarter
Dividends paid on common stock, per share	`CommonStockDividendsPerShareCashPaid`	$0.20	USD	1 Quarter
BALANCE	`StockholdersEquity`	$289.65M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$320.32M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$361.93M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$390.90M	USD	Point-in-time
NET INCOME	`NetIncomeLoss`	$37.55M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$37.34M	USD	1 Quarter
Dividends paid on common stock	`DividendsCommonStockCash`	$10.64M	USD	1 Quarter
Dividends paid on common stock	`DividendsCommonStockCash`	$9.66M	USD	1 Quarter
Amortization of non-vested stock grants, net of forfeitures	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$2.58M	USD	1 Quarter
Amortization of non-vested stock grants, net of forfeitures	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$2.08M	USD	1 Quarter
Income tax benefit related to exercise of stock options	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$193.00K	USD	1 Quarter
Income tax benefit related to exercise of stock options	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$197.00K	USD	1 Quarter
Change in unrealized loss on investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$8.00K	USD	1 Quarter
BALANCE	`StockholdersEquity`	$289.65M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$320.32M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$361.93M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$390.90M	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Change in unrealized loss on investments, tax	`OtherComprehensiveIncomeLossTax`	-	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$37.55M	USD	1 Quarter
Change in unrealized loss on investments, tax	`OtherComprehensiveIncomeLossTax`	$4.00K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$37.34M	USD	1 Quarter
Change in unrealized loss on investments, net of tax of $0 and $4, respectively	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$8.00K	USD	1 Quarter
Change in unrealized loss on investments, net of tax of $0 and $4, respectively	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	-	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$8.00K	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$37.34M	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$37.56M	USD	1 Quarter

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