10-Q Filing

BUCKLE INC CIK: 885245 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0000885245-17-000021`
Period End Date	20170430
Filing Date	20170608
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	bke-20170429.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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$207.87M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$196.54M	USD	Point-in-time
Common stock, shares issued (shares)	`CommonStockSharesIssued`	48.62M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$161.19M	USD	Point-in-time
Common stock, shares issued (shares)	`CommonStockSharesIssued`	48.85M	shares	Point-in-time
Common stock, shares outstanding (shares)	`CommonStockSharesOutstanding`	48.85M	shares	Point-in-time
Common stock, shares outstanding (shares)	`CommonStockSharesOutstanding`	48.62M	shares	Point-in-time
Short-term investments	`MarketableSecuritiesCurrent`	$49.99M	USD	Point-in-time
Short-term investments	`MarketableSecuritiesCurrent`	$53.39M	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$8.49M	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$8.21M	USD	Point-in-time
Inventory	`InventoryNet`	$125.69M	USD	Point-in-time
Inventory	`InventoryNet`	$119.36M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.02M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.29M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$386.46M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$396.40M	USD	Point-in-time
PROPERTY AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$460.44M	USD	Point-in-time
PROPERTY AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$459.36M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$295.51M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$290.36M	USD	Point-in-time
PROPERTY AND EQUIPMENT, Net	`PropertyPlantAndEquipmentNet`	$169.00M	USD	Point-in-time
PROPERTY AND EQUIPMENT, Net	`PropertyPlantAndEquipmentNet`	$164.93M	USD	Point-in-time
LONG-TERM INVESTMENTS	`MarketableSecuritiesNoncurrent`	$18.09M	USD	Point-in-time
LONG-TERM INVESTMENTS	`MarketableSecuritiesNoncurrent`	$15.48M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$6.30M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$6.91M	USD	Point-in-time
Total assets	`Assets`	$583.72M	USD	Point-in-time
Total assets	`Assets`	$579.85M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$32.42M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$25.08M	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrent`	$8.88M	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrent`	$26.91M	USD	Point-in-time
Accrued store operating expenses	`OtherAccruedLiabilitiesCurrent`	$17.49M	USD	Point-in-time
Accrued store operating expenses	`OtherAccruedLiabilitiesCurrent`	$14.70M	USD	Point-in-time
Gift certificates redeemable	`AccruedLiabilitiesForUnredeeemedGiftCards`	$17.27M	USD	Point-in-time
Gift certificates redeemable	`AccruedLiabilitiesForUnredeeemedGiftCards`	$21.20M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$10.74M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$20.44M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$96.51M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$98.62M	USD	Point-in-time
DEFERRED COMPENSATION	`DeferredCompensationLiabilityClassifiedNoncurrent`	$13.76M	USD	Point-in-time
DEFERRED COMPENSATION	`DeferredCompensationLiabilityClassifiedNoncurrent`	$13.09M	USD	Point-in-time
DEFERRED RENT LIABILITY	`IncentiveFromLessor`	$37.20M	USD	Point-in-time
DEFERRED RENT LIABILITY	`IncentiveFromLessor`	$37.60M	USD	Point-in-time
Total liabilities	`Liabilities`	$149.31M	USD	Point-in-time
Total liabilities	`Liabilities`	$147.47M	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; 48,848,555 and 48,622,780 shares issued and outstanding at April 29, 2017 and January 28, 2017, respectively	`CommonStockValue`	$486.00K	USD	Point-in-time
Common stock, authorized 100,000,000 shares of $.01 par value; 48,848,555 and 48,622,780 shares issued and outstanding at April 29, 2017 and January 28, 2017, respectively	`CommonStockValue`	$488.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$139.40M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$141.04M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$290.74M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$294.81M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-82.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-82.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$430.54M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$425.50M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$436.26M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$412.64M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$579.85M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$583.72M	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`	$212.25M	USD	1 Quarter
COST OF SALES (Including buying, distribution, and occupancy costs)	`CostOfMerchandiseSalesBuyingAndOccupancyCosts`	$130.53M	USD	1 Quarter
COST OF SALES (Including buying, distribution, and occupancy costs)	`CostOfMerchandiseSalesBuyingAndOccupancyCosts`	$148.81M	USD	1 Quarter
Gross profit	`GrossProfit`	$81.72M	USD	1 Quarter
Gross profit	`GrossProfit`	$94.73M	USD	1 Quarter
Selling	`SellingAndMarketingExpense`	$47.56M	USD	1 Quarter
Selling	`SellingAndMarketingExpense`	$46.92M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.76M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$10.74M	USD	1 Quarter
Total selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$56.68M	USD	1 Quarter
Total selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$58.30M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$36.43M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$25.04M	USD	1 Quarter
OTHER INCOME, Net	`NonoperatingIncomeExpense`	$408.00K	USD	1 Quarter
OTHER INCOME, Net	`NonoperatingIncomeExpense`	$935.00K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$36.84M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$25.97M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$13.74M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$9.69M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$16.29M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$23.10M	USD	1 Quarter
Basic (dollars per share)	`EarningsPerShareBasic`	$0.34	USD	1 Quarter
Basic (dollars per share)	`EarningsPerShareBasic`	$0.48	USD	1 Quarter
Diluted (dollars per share)	`EarningsPerShareDiluted`	$0.48	USD	1 Quarter
Diluted (dollars per share)	`EarningsPerShareDiluted`	$0.34	USD	1 Quarter
Basic weighted average shares	`WeightedAverageNumberOfSharesOutstandingBasic`	48.22M	shares	1 Quarter
Basic weighted average shares	`WeightedAverageNumberOfSharesOutstandingBasic`	48.11M	shares	1 Quarter
Diluted weighted average shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.34M	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`	$16.29M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$23.10M	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$7.93M	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$7.85M	USD	1 Quarter
Amortization of non-vested stock grants, net of forfeitures	`RestrictedStockExpense`	$1.65M	USD	1 Quarter
Amortization of non-vested stock grants, net of forfeitures	`RestrictedStockExpense`	$1.88M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-609.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-696.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-528.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-303.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-1.07M	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$189.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-10.78M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-6.33M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$10.95M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.27M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.96M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$7.13M	USD	1 Quarter
Accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-18.02M	USD	1 Quarter
Accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-23.27M	USD	1 Quarter
Accrued store operating expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$5.03M	USD	1 Quarter
Accrued store operating expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$2.80M	USD	1 Quarter
Gift certificates redeemable	`IncreaseDecreaseInGiftCardLiability`	$-4.27M	USD	1 Quarter
Gift certificates redeemable	`IncreaseDecreaseInGiftCardLiability`	$-3.93M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$9.61M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.81M	USD	1 Quarter
Deferred rent liabilities and deferred compensation	`IncreaseDecreaseInDeferredCompensationLiabilityAndIncentiveFromLessor`	$1.33M	USD	1 Quarter
Deferred rent liabilities and deferred compensation	`IncreaseDecreaseInDeferredCompensationLiabilityAndIncentiveFromLessor`	$267.00K	USD	1 Quarter
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$28.21M	USD	1 Quarter
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$12.32M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.83M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.87M	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`	$7.39M	USD	1 Quarter
Proceeds from sales/maturities of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$2.87M	USD	1 Quarter
Proceeds from sales/maturities of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$6.60M	USD	1 Quarter
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-4.66M	USD	1 Quarter
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-7.93M	USD	1 Quarter
Payment of dividends	`PaymentsOfDividendsCommonStock`	$12.21M	USD	1 Quarter
Payment of dividends	`PaymentsOfDividendsCommonStock`	$12.16M	USD	1 Quarter
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-12.16M	USD	1 Quarter
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-12.21M	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`	$11.33M	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`	$207.87M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$196.54M	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`	$207.87M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, End of period	`CashAndCashEquivalentsAtCarryingValue`	$196.54M	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`	$0.25	USD	1 Quarter
Dividends paid on common stock, per share	`CommonStockDividendsPerShareCashPaid`	$0.25	USD	1 Quarter
BALANCE	`StockholdersEquity`	$430.54M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$425.50M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$436.26M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$412.64M	USD	Point-in-time
NET INCOME	`NetIncomeLoss`	$16.29M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$23.10M	USD	1 Quarter
Dividends paid on common stock	`DividendsCommonStockCash`	$12.16M	USD	1 Quarter
Dividends paid on common stock	`DividendsCommonStockCash`	$12.21M	USD	1 Quarter
Amortization of non-vested stock grants, net of forfeitures	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$1.88M	USD	1 Quarter
Amortization of non-vested stock grants, net of forfeitures	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$1.65M	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 losses included in net income, net of tax	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-28.00K	USD	1 Quarter
Reclassification adjustment for losses included in net income, net of tax	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	-	USD	1 Quarter
BALANCE	`StockholdersEquity`	$430.54M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$425.50M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$436.26M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$412.64M	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
NET INCOME	`NetIncomeLoss`	$16.29M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$23.10M	USD	1 Quarter
Change in unrealized loss on investments, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$4.00K	USD	1 Quarter
Change in unrealized loss on investments, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	1 Quarter
Reclassification adjustment for losses included in net income, tax	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax`	-	USD	1 Quarter
Reclassification adjustment for losses included in net income, tax	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax`	$17.00K	USD	1 Quarter
Change in unrealized loss on investments, net of tax of $0 and $4, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$8.00K	USD	1 Quarter
Change in unrealized loss on investments, net of tax of $0 and $4, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Reclassification adjustment for losses included in net income, net of tax of $0 and $17, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-28.00K	USD	1 Quarter
Reclassification adjustment for losses included in net income, net of tax of $0 and $17, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	-	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$36.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$16.29M	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.