10-Q Filing

BUCKLE INC CIK: 885245 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0000885245-18-000019`
Period End Date	20180430
Filing Date	20180614
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	bke-20180505.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 30 Cash Flow Statement 52 Stockholders Equity 17 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`	$168.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$207.87M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$165.09M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$196.54M	USD	Point-in-time
Common stock, shares issued (shares)	`CommonStockSharesIssued`	49.04M	shares	Point-in-time
Common stock, shares issued (shares)	`CommonStockSharesIssued`	48.82M	shares	Point-in-time
Short-term investments	`MarketableSecuritiesCurrent`	$54.70M	USD	Point-in-time
Short-term investments	`MarketableSecuritiesCurrent`	$50.83M	USD	Point-in-time
Common stock, shares outstanding (shares)	`CommonStockSharesOutstanding`	48.82M	shares	Point-in-time
Common stock, shares outstanding (shares)	`CommonStockSharesOutstanding`	49.04M	shares	Point-in-time
Receivables	`ReceivablesNetCurrent`	$7.06M	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$8.59M	USD	Point-in-time
Inventory	`InventoryNet`	$118.18M	USD	Point-in-time
Inventory	`InventoryNet`	$118.01M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$19.18M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$18.07M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$367.51M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$360.58M	USD	Point-in-time
PROPERTY AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$459.04M	USD	Point-in-time
PROPERTY AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$460.87M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$315.02M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$309.50M	USD	Point-in-time
PROPERTY AND EQUIPMENT, Net	`PropertyPlantAndEquipmentNet`	$149.55M	USD	Point-in-time
PROPERTY AND EQUIPMENT, Net	`PropertyPlantAndEquipmentNet`	$145.85M	USD	Point-in-time
LONG-TERM INVESTMENTS	`MarketableSecuritiesNoncurrent`	$17.88M	USD	Point-in-time
LONG-TERM INVESTMENTS	`MarketableSecuritiesNoncurrent`	$21.45M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$6.92M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$6.53M	USD	Point-in-time
Total assets	`Assets`	$538.12M	USD	Point-in-time
Total assets	`Assets`	$538.16M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$25.82M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$29.39M	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrent`	$22.31M	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrent`	$11.89M	USD	Point-in-time
Accrued store operating expenses	`OtherAccruedLiabilitiesCurrent`	$15.65M	USD	Point-in-time
Accrued store operating expenses	`OtherAccruedLiabilitiesCurrent`	$19.70M	USD	Point-in-time
Gift certificates redeemable	`AccruedLiabilitiesForUnredeeemedGiftCards`	$15.30M	USD	Point-in-time
Gift certificates redeemable	`AccruedLiabilitiesForUnredeeemedGiftCards`	$18.20M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$12.36M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$17.95M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$97.91M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$90.66M	USD	Point-in-time
DEFERRED COMPENSATION	`DeferredCompensationLiabilityClassifiedNoncurrent`	$15.34M	USD	Point-in-time
DEFERRED COMPENSATION	`DeferredCompensationLiabilityClassifiedNoncurrent`	$15.15M	USD	Point-in-time
DEFERRED RENT LIABILITY	`IncentiveFromLessor`	$32.96M	USD	Point-in-time
DEFERRED RENT LIABILITY	`IncentiveFromLessor`	$33.81M	USD	Point-in-time
Total liabilities	`Liabilities`	$138.96M	USD	Point-in-time
Total liabilities	`Liabilities`	$146.87M	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; 49,044,895 and 48,816,170 shares issued and outstanding at May 5, 2018 and February 3, 2018, respectively	`CommonStockValue`	$488.00K	USD	Point-in-time
Common stock, authorized 100,000,000 shares of $.01 par value; 49,044,895 and 48,816,170 shares issued and outstanding at May 5, 2018 and February 3, 2018, respectively	`CommonStockValue`	$490.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$144.28M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$145.76M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$246.57M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$253.04M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-89.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-89.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$436.26M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$391.25M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$399.20M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$430.54M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$538.12M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$538.16M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
SALES, Net of returns and allowances	`SalesRevenueNet`	$212.25M	USD	1 Quarter
SALES, Net of returns and allowances	`SalesRevenueNet`	$204.90M	USD	1 Quarter
COST OF SALES (Including buying, distribution, and occupancy costs)	`CostOfMerchandiseSalesBuyingAndOccupancyCosts`	$125.21M	USD	1 Quarter
COST OF SALES (Including buying, distribution, and occupancy costs)	`CostOfMerchandiseSalesBuyingAndOccupancyCosts`	$130.53M	USD	1 Quarter
Gross profit	`GrossProfit`	$81.72M	USD	1 Quarter
Gross profit	`GrossProfit`	$79.69M	USD	1 Quarter
Selling	`SellingAndMarketingExpense`	$46.92M	USD	1 Quarter
Selling	`SellingAndMarketingExpense`	$45.85M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.76M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$10.58M	USD	1 Quarter
Total selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$56.68M	USD	1 Quarter
Total selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$56.43M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$25.04M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$23.26M	USD	1 Quarter
OTHER INCOME, Net	`NonoperatingIncomeExpense`	$935.00K	USD	1 Quarter
OTHER INCOME, Net	`NonoperatingIncomeExpense`	$1.49M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$25.97M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$24.75M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$6.41M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$9.69M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$16.29M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$18.34M	USD	1 Quarter
Basic (dollars per share)	`EarningsPerShareBasic`	$0.38	USD	1 Quarter
Basic (dollars per share)	`EarningsPerShareBasic`	$0.34	USD	1 Quarter
Diluted (dollars per share)	`EarningsPerShareDiluted`	$0.34	USD	1 Quarter
Diluted (dollars per share)	`EarningsPerShareDiluted`	$0.38	USD	1 Quarter
Basic weighted average shares	`WeightedAverageNumberOfSharesOutstandingBasic`	48.38M	shares	1 Quarter
Basic weighted average shares	`WeightedAverageNumberOfSharesOutstandingBasic`	48.22M	shares	1 Quarter
Diluted weighted average shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.34M	shares	1 Quarter
Diluted weighted average shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.55M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
NET INCOME	`NetIncomeLoss`	$16.29M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$18.34M	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$6.95M	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$7.85M	USD	1 Quarter
Amortization of non-vested stock grants, net of forfeitures	`RestrictedStockExpense`	$1.48M	USD	1 Quarter
Amortization of non-vested stock grants, net of forfeitures	`RestrictedStockExpense`	$1.65M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-385.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-609.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-303.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-297.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$189.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-633.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-6.33M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$478.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.11M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.27M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.95M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$7.13M	USD	1 Quarter
Accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-10.41M	USD	1 Quarter
Accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-18.02M	USD	1 Quarter
Accrued store operating expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$2.80M	USD	1 Quarter
Accrued store operating expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$4.05M	USD	1 Quarter
Gift certificates redeemable	`IncreaseDecreaseInGiftCardLiability`	$-2.90M	USD	1 Quarter
Gift certificates redeemable	`IncreaseDecreaseInGiftCardLiability`	$-3.93M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$6.47M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$9.61M	USD	1 Quarter
Deferred rent liabilities and deferred compensation	`IncreaseDecreaseInDeferredCompensationLiabilityAndIncentiveFromLessor`	$267.00K	USD	1 Quarter
Deferred rent liabilities and deferred compensation	`IncreaseDecreaseInDeferredCompensationLiabilityAndIncentiveFromLessor`	$-664.00K	USD	1 Quarter
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$28.21M	USD	1 Quarter
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$19.33M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.48M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.87M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$7.39M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$10.44M	USD	1 Quarter
Proceeds from sales/maturities of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$6.60M	USD	1 Quarter
Proceeds from sales/maturities of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$10.15M	USD	1 Quarter
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-4.66M	USD	1 Quarter
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-3.77M	USD	1 Quarter
Payment of dividends	`PaymentsOfDividendsCommonStock`	$12.21M	USD	1 Quarter
Payment of dividends	`PaymentsOfDividendsCommonStock`	$12.26M	USD	1 Quarter
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-12.21M	USD	1 Quarter
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-12.26M	USD	1 Quarter
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$11.33M	USD	1 Quarter
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.30M	USD	1 Quarter
CASH AND CASH EQUIVALENTS, Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$168.39M	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`	$165.09M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$196.54M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, End of period	`CashAndCashEquivalentsAtCarryingValue`	$168.39M	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`	$165.09M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, End of period	`CashAndCashEquivalentsAtCarryingValue`	$196.54M	USD	Point-in-time

Stockholders Equity 17 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`	$436.26M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$391.25M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$399.20M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$430.54M	USD	Point-in-time
NET INCOME	`NetIncomeLoss`	$16.29M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$18.34M	USD	1 Quarter
Dividends paid on common stock	`DividendsCommonStockCash`	$12.21M	USD	1 Quarter
Dividends paid on common stock	`DividendsCommonStockCash`	$12.26M	USD	1 Quarter
Amortization of non-vested stock grants, net of forfeitures	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$1.65M	USD	1 Quarter
Amortization of non-vested stock grants, net of forfeitures	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$1.48M	USD	1 Quarter
Cumulative effect of change in accounting upon adoption of ASC Topic 606	`CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption`	$389.00K	USD	Point-in-time
BALANCE	`StockholdersEquity`	$436.26M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$391.25M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$399.20M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$430.54M	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
NET INCOME	`NetIncomeLoss`	$16.29M	USD	1 Quarter
Change in unrealized loss on investments, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	1 Quarter
Change in unrealized loss on investments, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$18.34M	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`	-	USD	1 Quarter
Change in unrealized loss on investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	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`	-	USD	1 Quarter
Reclassification adjustment for losses included in net income, net of tax	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	-	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$16.29M	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$18.34M	USD	1 Quarter

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