10-Q Filing

BUCKLE INC CIK: 885245 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0000885245-15-000020`
Period End Date	20150430
Filing Date	20150611
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	bke-20150502.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 30 Cash Flow Statement 54 Stockholders Equity 17 Comprehensive Income 8

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`	$134.63M	USD	Point-in-time
Common stock, shares issued (shares)	`CommonStockSharesIssued`	48.38M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$164.87M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$169.72M	USD	Point-in-time
Common stock, shares issued (shares)	`CommonStockSharesIssued`	48.53M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$133.71M	USD	Point-in-time
Short-term investments	`MarketableSecuritiesCurrent`	$22.79M	USD	Point-in-time
Common stock, shares outstanding (shares)	`CommonStockSharesOutstanding`	48.53M	shares	Point-in-time
Common stock, shares outstanding (shares)	`CommonStockSharesOutstanding`	48.38M	shares	Point-in-time
Short-term investments	`MarketableSecuritiesCurrent`	$25.86M	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$8.57M	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$6.63M	USD	Point-in-time
Inventory	`InventoryNet`	$129.63M	USD	Point-in-time
Inventory	`InventoryNet`	$129.92M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$26.54M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$27.55M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$324.59M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$321.23M	USD	Point-in-time
PROPERTY AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$436.39M	USD	Point-in-time
PROPERTY AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$427.92M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$260.19M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$255.25M	USD	Point-in-time
PROPERTY AND EQUIPMENT, Net	`PropertyPlantAndEquipmentNet`	$172.66M	USD	Point-in-time
PROPERTY AND EQUIPMENT, Net	`PropertyPlantAndEquipmentNet`	$176.20M	USD	Point-in-time
LONG-TERM INVESTMENTS	`MarketableSecuritiesNoncurrent`	$43.70M	USD	Point-in-time
LONG-TERM INVESTMENTS	`MarketableSecuritiesNoncurrent`	$45.10M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$2.04M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$2.04M	USD	Point-in-time
Total assets	`Assets`	$542.99M	USD	Point-in-time
Total assets	`Assets`	$544.58M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$38.78M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$35.71M	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrent`	$12.04M	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrent`	$36.92M	USD	Point-in-time
Accrued store operating expenses	`OtherAccruedLiabilitiesCurrent`	$9.98M	USD	Point-in-time
Accrued store operating expenses	`OtherAccruedLiabilitiesCurrent`	$11.40M	USD	Point-in-time
Gift certificates redeemable	`AccruedLiabilitiesForUnredeeemedGiftCards`	$19.40M	USD	Point-in-time
Gift certificates redeemable	`AccruedLiabilitiesForUnredeeemedGiftCards`	$23.99M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$19.27M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$15.66M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$100.88M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$122.27M	USD	Point-in-time
DEFERRED COMPENSATION	`DeferredCompensationLiabilityClassifiedNoncurrent`	$13.54M	USD	Point-in-time
DEFERRED COMPENSATION	`DeferredCompensationLiabilityClassifiedNoncurrent`	$14.26M	USD	Point-in-time
DEFERRED RENT LIABILITY	`IncentiveFromLessor`	$40.57M	USD	Point-in-time
DEFERRED RENT LIABILITY	`IncentiveFromLessor`	$39.94M	USD	Point-in-time
OTHER LIABILITIES	`DeferredTaxLiabilitiesNoncurrent`	$10.19M	USD	Point-in-time
OTHER LIABILITIES	`DeferredTaxLiabilitiesNoncurrent`	$10.62M	USD	Point-in-time
Total liabilities	`Liabilities`	$187.72M	USD	Point-in-time
Total liabilities	`Liabilities`	$164.55M	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; 48,532,213 and 48,379,613 shares issued and outstanding at May 2, 2015 and January 31, 2015, respectively	`CommonStockValue`	$485.00K	USD	Point-in-time
Common stock, authorized 100,000,000 shares of $.01 par value; 48,532,213 and 48,379,613 shares issued and outstanding at May 2, 2015 and January 31, 2015, respectively	`CommonStockValue`	$484.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$131.11M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$133.45M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$246.52M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$224.11M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-429.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-429.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$355.28M	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 stockholders equity	`StockholdersEquity`	$380.02M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$542.99M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$544.58M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
SALES, Net of returns and allowances	`SalesRevenueNet`	$271.35M	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`	$157.75M	USD	1 Quarter
COST OF SALES (Including buying, distribution, and occupancy costs)	`CostOfMerchandiseSalesBuyingAndOccupancyCosts`	$154.47M	USD	1 Quarter
Gross profit	`GrossProfit`	$117.20M	USD	1 Quarter
Gross profit	`GrossProfit`	$113.60M	USD	1 Quarter
Selling	`RetailSellingAndMarketingExpense`	$47.79M	USD	1 Quarter
Selling	`RetailSellingAndMarketingExpense`	$49.15M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$10.19M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.64M	USD	1 Quarter
Total selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$60.79M	USD	1 Quarter
Total selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$57.99M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$52.80M	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`	$736.00K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$59.56M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$53.54M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$22.21M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$19.97M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$37.34M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$33.57M	USD	1 Quarter
Basic (dollars per share)	`EarningsPerShareBasic`	$0.78	USD	1 Quarter
Basic (dollars per share)	`EarningsPerShareBasic`	$0.70	USD	1 Quarter
Diluted (dollars per share)	`EarningsPerShareDiluted`	$0.78	USD	1 Quarter
Diluted (dollars per share)	`EarningsPerShareDiluted`	$0.70	USD	1 Quarter
Basic weighted average shares	`WeightedAverageNumberOfSharesOutstandingBasic`	47.89M	shares	1 Quarter
Basic weighted average shares	`WeightedAverageNumberOfSharesOutstandingBasic`	48.07M	shares	1 Quarter
Diluted weighted average shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.05M	shares	1 Quarter
Diluted weighted average shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.19M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
NET INCOME	`NetIncomeLoss`	$37.34M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$33.57M	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$7.65M	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$7.73M	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`	$2.33M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-864.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-767.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-157.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-119.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$134.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-1.82M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-295.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-4.93M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$577.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-461.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.01M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-461.00K	USD	1 Quarter
Accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-24.03M	USD	1 Quarter
Accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-24.88M	USD	1 Quarter
Accrued store operating expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$1.42M	USD	1 Quarter
Accrued store operating expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$546.00K	USD	1 Quarter
Gift certificates redeemable	`IncreaseDecreaseInGiftCardLiability`	$-4.34M	USD	1 Quarter
Gift certificates redeemable	`IncreaseDecreaseInGiftCardLiability`	$-4.59M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$3.73M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$4.88M	USD	1 Quarter
Deferred rent liabilities and deferred compensation	`IncreaseDecreaseInDeferredCompensationLiabilityAndIncentiveFromLessor`	$-1.35M	USD	1 Quarter
Deferred rent liabilities and deferred compensation	`IncreaseDecreaseInDeferredCompensationLiabilityAndIncentiveFromLessor`	$1.59M	USD	1 Quarter
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$29.91M	USD	1 Quarter
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$21.75M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.15M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.33M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$9.51M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$3.76M	USD	1 Quarter
Proceeds from sales/maturities of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$5.42M	USD	1 Quarter
Proceeds from sales/maturities of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$5.07M	USD	1 Quarter
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-9.67M	USD	1 Quarter
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-14.59M	USD	1 Quarter
Excess tax benefit from stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	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`	$11.16M	USD	1 Quarter
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-10.47M	USD	1 Quarter
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-11.16M	USD	1 Quarter
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.85M	USD	1 Quarter
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$924.00K	USD	1 Quarter
CASH AND CASH EQUIVALENTS, Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$134.63M	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`	$169.72M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$133.71M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, End of period	`CashAndCashEquivalentsAtCarryingValue`	$134.63M	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`	$169.72M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, End of period	`CashAndCashEquivalentsAtCarryingValue`	$133.71M	USD	Point-in-time

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Dividends paid on common stock, per share	`CommonStockDividendsPerShareCashPaid`	$0.23	USD	1 Quarter
Dividends paid on common stock, per share	`CommonStockDividendsPerShareCashPaid`	$0.22	USD	1 Quarter
BALANCE	`StockholdersEquity`	$355.28M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$361.93M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$390.90M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$380.02M	USD	Point-in-time
NET INCOME	`NetIncomeLoss`	$37.34M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$33.57M	USD	1 Quarter
Dividends paid on common stock	`DividendsCommonStockCash`	$10.64M	USD	1 Quarter
Dividends paid on common stock	`DividendsCommonStockCash`	$11.16M	USD	1 Quarter
Amortization of non-vested stock grants, net of forfeitures	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$2.08M	USD	1 Quarter
Amortization of non-vested stock grants, net of forfeitures	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$2.33M	USD	1 Quarter
Income tax benefit related to exercise of stock options	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$193.00K	USD	1 Quarter
BALANCE	`StockholdersEquity`	$355.28M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$361.93M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$390.90M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$380.02M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
NET INCOME	`NetIncomeLoss`	$37.34M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$33.57M	USD	1 Quarter
Change in unrealized loss on investments, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	-	USD	1 Quarter
Change in unrealized loss on investments, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	-	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$33.57M	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$37.34M	USD	1 Quarter

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