10-Q Filing

BUCKLE INC CIK: 885245 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0000885245-16-000064`
Period End Date	20160430
Filing Date	20160609
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	bke-20160430.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 30 Cash Flow Statement 54 Stockholders Equity 20 Comprehensive Income 14

Balance Sheet 68 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`	$153.41M	USD	Point-in-time
Common stock, shares issued (shares)	`CommonStockSharesIssued`	48.62M	shares	Point-in-time
Common stock, shares issued (shares)	`CommonStockSharesIssued`	48.43M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$134.63M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$133.71M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$161.19M	USD	Point-in-time
Short-term investments	`MarketableSecuritiesCurrent`	$36.47M	USD	Point-in-time
Common stock, shares outstanding (shares)	`CommonStockSharesOutstanding`	48.43M	shares	Point-in-time
Short-term investments	`MarketableSecuritiesCurrent`	$39.45M	USD	Point-in-time
Common stock, shares outstanding (shares)	`CommonStockSharesOutstanding`	48.62M	shares	Point-in-time
Receivables	`ReceivablesNetCurrent`	$9.65M	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$8.85M	USD	Point-in-time
Inventory	`InventoryNet`	$138.79M	USD	Point-in-time
Inventory	`InventoryNet`	$149.57M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.03M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$16.98M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$357.49M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$362.90M	USD	Point-in-time
PROPERTY AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$450.76M	USD	Point-in-time
PROPERTY AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$455.09M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$282.69M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$277.98M	USD	Point-in-time
PROPERTY AND EQUIPMENT, Net	`PropertyPlantAndEquipmentNet`	$172.39M	USD	Point-in-time
PROPERTY AND EQUIPMENT, Net	`PropertyPlantAndEquipmentNet`	$172.78M	USD	Point-in-time
LONG-TERM INVESTMENTS	`MarketableSecuritiesNoncurrent`	$30.99M	USD	Point-in-time
LONG-TERM INVESTMENTS	`MarketableSecuritiesNoncurrent`	$33.83M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$3.27M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$3.95M	USD	Point-in-time
Total assets	`Assets`	$572.77M	USD	Point-in-time
Total assets	`Assets`	$564.82M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$33.86M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$32.14M	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrent`	$9.86M	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrent`	$33.13M	USD	Point-in-time
Accrued store operating expenses	`OtherAccruedLiabilitiesCurrent`	$6.64M	USD	Point-in-time
Accrued store operating expenses	`OtherAccruedLiabilitiesCurrent`	$11.66M	USD	Point-in-time
Gift certificates redeemable	`AccruedLiabilitiesForUnredeeemedGiftCards`	$18.59M	USD	Point-in-time
Gift certificates redeemable	`AccruedLiabilitiesForUnredeeemedGiftCards`	$22.86M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$13.23M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$11.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$107.63M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$85.48M	USD	Point-in-time
DEFERRED COMPENSATION	`DeferredCompensationLiabilityClassifiedNoncurrent`	$13.77M	USD	Point-in-time
DEFERRED COMPENSATION	`DeferredCompensationLiabilityClassifiedNoncurrent`	$12.85M	USD	Point-in-time
DEFERRED RENT LIABILITY	`IncentiveFromLessor`	$39.66M	USD	Point-in-time
DEFERRED RENT LIABILITY	`IncentiveFromLessor`	$40.07M	USD	Point-in-time
Total liabilities	`Liabilities`	$160.13M	USD	Point-in-time
Total liabilities	`Liabilities`	$139.32M	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; 48,623,190 and 48,428,110 shares issued and outstanding at April 30, 2016 and January 30, 2016, respectively	`CommonStockValue`	$484.00K	USD	Point-in-time
Common stock, authorized 100,000,000 shares of $.01 par value; 48,623,190 and 48,428,110 shares issued and outstanding at April 30, 2016 and January 30, 2016, respectively	`CommonStockValue`	$486.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$136.74M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$134.86M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$277.63M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$288.57M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-295.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-331.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$412.64M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$425.50M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$355.28M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$380.02M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$564.82M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$572.77M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
SALES, Net of returns and allowances	`SalesRevenueNet`	$243.54M	USD	1 Quarter
SALES, Net of returns and allowances	`SalesRevenueNet`	$271.35M	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`	$148.81M	USD	1 Quarter
Gross profit	`GrossProfit`	$94.73M	USD	1 Quarter
Gross profit	`GrossProfit`	$113.60M	USD	1 Quarter
Selling	`RetailSellingAndMarketingExpense`	$47.56M	USD	1 Quarter
Selling	`RetailSellingAndMarketingExpense`	$49.15M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.64M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$10.74M	USD	1 Quarter
Total selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$58.30M	USD	1 Quarter
Total selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$60.79M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$52.80M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$36.43M	USD	1 Quarter
OTHER INCOME, Net	`NonoperatingIncomeExpense`	$736.00K	USD	1 Quarter
OTHER INCOME, Net	`NonoperatingIncomeExpense`	$408.00K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$36.84M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$53.54M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$13.74M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$19.97M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$33.57M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$23.10M	USD	1 Quarter
Basic (dollars per share)	`EarningsPerShareBasic`	$0.48	USD	1 Quarter
Basic (dollars per share)	`EarningsPerShareBasic`	$0.70	USD	1 Quarter
Diluted (dollars per share)	`EarningsPerShareDiluted`	$0.70	USD	1 Quarter
Diluted (dollars per share)	`EarningsPerShareDiluted`	$0.48	USD	1 Quarter
Basic weighted average shares	`WeightedAverageNumberOfSharesOutstandingBasic`	48.07M	shares	1 Quarter
Basic weighted average shares	`WeightedAverageNumberOfSharesOutstandingBasic`	48.11M	shares	1 Quarter
Diluted weighted average shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.19M	shares	1 Quarter
Diluted weighted average shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.20M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
NET INCOME	`NetIncomeLoss`	$33.57M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$23.10M	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$7.73M	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$7.93M	USD	1 Quarter
Amortization of non-vested stock grants, net of forfeitures	`RestrictedStockExpense`	$1.88M	USD	1 Quarter
Amortization of non-vested stock grants, net of forfeitures	`RestrictedStockExpense`	$2.33M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-696.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-864.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-119.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-528.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-1.07M	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-1.82M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-295.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-10.78M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$10.95M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$577.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.01M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.96M	USD	1 Quarter
Accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-23.27M	USD	1 Quarter
Accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-24.88M	USD	1 Quarter
Accrued store operating expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$5.03M	USD	1 Quarter
Accrued store operating expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$1.42M	USD	1 Quarter
Gift certificates redeemable	`IncreaseDecreaseInGiftCardLiability`	$-4.27M	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`	$1.81M	USD	1 Quarter
Deferred rent liabilities and deferred compensation	`IncreaseDecreaseInDeferredCompensationLiabilityAndIncentiveFromLessor`	$-1.35M	USD	1 Quarter
Deferred rent liabilities and deferred compensation	`IncreaseDecreaseInDeferredCompensationLiabilityAndIncentiveFromLessor`	$1.33M	USD	1 Quarter
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$12.32M	USD	1 Quarter
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$21.75M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.33M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.83M	USD	1 Quarter
Change in other assets	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Change in other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$10.00K	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$2.96M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$3.76M	USD	1 Quarter
Proceeds from sales/maturities of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$2.87M	USD	1 Quarter
Proceeds from sales/maturities of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$5.42M	USD	1 Quarter
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-9.67M	USD	1 Quarter
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-7.93M	USD	1 Quarter
Payment of dividends	`PaymentsOfDividendsCommonStock`	$12.16M	USD	1 Quarter
Payment of dividends	`PaymentsOfDividendsCommonStock`	$11.16M	USD	1 Quarter
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-12.16M	USD	1 Quarter
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-11.16M	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.77M	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$924.00K	USD	1 Quarter
CASH AND CASH EQUIVALENTS, Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$153.41M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$134.63M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$133.71M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$161.19M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, End of period	`CashAndCashEquivalentsAtCarryingValue`	$153.41M	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`	$133.71M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, End of period	`CashAndCashEquivalentsAtCarryingValue`	$161.19M	USD	Point-in-time

Stockholders Equity 20 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`	$0.25	USD	1 Quarter
BALANCE	`StockholdersEquity`	$412.64M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$425.50M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$355.28M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$380.02M	USD	Point-in-time
NET INCOME	`NetIncomeLoss`	$33.57M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$23.10M	USD	1 Quarter
Dividends paid on common stock	`DividendsCommonStockCash`	$11.16M	USD	1 Quarter
Dividends paid on common stock	`DividendsCommonStockCash`	$12.16M	USD	1 Quarter
Amortization of non-vested stock grants, net of forfeitures	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$2.33M	USD	1 Quarter
Amortization of non-vested stock grants, net of forfeitures	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$1.88M	USD	1 Quarter
Change in unrealized loss on investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$8.00K	USD	1 Quarter
Change in unrealized loss on investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Reclassification adjustment for (gains) losses included in net income, net of tax	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-28.00K	USD	1 Quarter
Reclassification adjustment for (gains) losses included in net income, net of tax	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	-	USD	1 Quarter
BALANCE	`StockholdersEquity`	$412.64M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$425.50M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$355.28M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$380.02M	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
NET INCOME	`NetIncomeLoss`	$33.57M	USD	1 Quarter
Change in unrealized loss on investments, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$4.00K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$23.10M	USD	1 Quarter
Change in unrealized loss on investments, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	1 Quarter
Reclassification adjustment for (gains) losses included in net income, tax	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax`	$17.00K	USD	1 Quarter
Reclassification adjustment for (gains) losses included in net income, tax	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax`	-	USD	1 Quarter
Change in unrealized loss on investments, net of tax of $4 and $0, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$8.00K	USD	1 Quarter
Change in unrealized loss on investments, net of tax of $4 and $0, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Reclassification adjustment for (gains) losses included in net income, net of tax of $17 and $0, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-28.00K	USD	1 Quarter
Reclassification adjustment for (gains) losses included in net income, net of tax of $17 and $0, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	-	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$36.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$33.57M	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$23.13M	USD	1 Quarter

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