10-Q Filing

BUCKLE INC CIK: 885245 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0000885245-20-000025`
Period End Date	20200430
Filing Date	20200611
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	bke-20200502.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 30 Cash Flow Statement 54 Stockholders Equity 15

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
Common stock, shares issued (shares)	`CommonStockSharesIssued`	49.21M	shares	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$185.04M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$220.97M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$168.47M	USD	Point-in-time
Common stock, shares issued (shares)	`CommonStockSharesIssued`	49.41M	shares	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$183.94M	USD	Point-in-time
Short-term investments	`MarketableSecuritiesCurrent`	$17.66M	USD	Point-in-time
Common stock, shares outstanding (shares)	`CommonStockSharesOutstanding`	49.41M	shares	Point-in-time
Common stock, shares outstanding (shares)	`CommonStockSharesOutstanding`	49.21M	shares	Point-in-time
Short-term investments	`MarketableSecuritiesCurrent`	$12.53M	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$3.14M	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$1.77M	USD	Point-in-time
Inventory	`InventoryNet`	$121.67M	USD	Point-in-time
Inventory	`InventoryNet`	$121.26M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$13.44M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$20.93M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$378.83M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$339.58M	USD	Point-in-time
PROPERTY AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$451.14M	USD	Point-in-time
PROPERTY AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$452.20M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$341.07M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$338.36M	USD	Point-in-time
PROPERTY AND EQUIPMENT, Net	`PropertyPlantAndEquipmentNet`	$110.07M	USD	Point-in-time
PROPERTY AND EQUIPMENT, Net	`PropertyPlantAndEquipmentNet`	$113.85M	USD	Point-in-time
OPERATING LEASE RIGHT-OF-USE ASSETS	`OperatingLeaseRightOfUseAsset`	$326.59M	USD	Point-in-time
OPERATING LEASE RIGHT-OF-USE ASSETS	`OperatingLeaseRightOfUseAsset`	$350.09M	USD	Point-in-time
LONG-TERM INVESTMENTS	`MarketableSecuritiesNoncurrent`	$15.92M	USD	Point-in-time
LONG-TERM INVESTMENTS	`MarketableSecuritiesNoncurrent`	$15.86M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$9.26M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$9.49M	USD	Point-in-time
Total assets	`Assets`	$867.89M	USD	Point-in-time
Total assets	`Assets`	$801.65M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$19.21M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$26.49M	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrent`	$5.31M	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrent`	$22.93M	USD	Point-in-time
Accrued store operating expenses	`OtherAccruedLiabilitiesCurrent`	$15.93M	USD	Point-in-time
Accrued store operating expenses	`OtherAccruedLiabilitiesCurrent`	$17.84M	USD	Point-in-time
Gift certificates redeemable	`ContractWithCustomerLiabilityCurrent`	$15.32M	USD	Point-in-time
Gift certificates redeemable	`ContractWithCustomerLiabilityCurrent`	$13.51M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$84.41M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$87.31M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.75M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$72.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$172.64M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$138.44M	USD	Point-in-time
DEFERRED COMPENSATION	`DeferredCompensationLiabilityClassifiedNoncurrent`	$15.86M	USD	Point-in-time
DEFERRED COMPENSATION	`DeferredCompensationLiabilityClassifiedNoncurrent`	$15.20M	USD	Point-in-time
NON-CURRENT OPERATING LEASE LIABILITIES	`OperatingLeaseLiabilityNoncurrent`	$290.24M	USD	Point-in-time
NON-CURRENT OPERATING LEASE LIABILITIES	`OperatingLeaseLiabilityNoncurrent`	$270.05M	USD	Point-in-time
Total liabilities	`Liabilities`	$478.74M	USD	Point-in-time
Total liabilities	`Liabilities`	$423.70M	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; 49,408,181 and 49,205,681 shares issued and outstanding at May 2, 2020 and February 1, 2020, respectively	`CommonStockValue`	$494.00K	USD	Point-in-time
Common stock, authorized 100,000,000 shares of $.01 par value; 49,408,181 and 49,205,681 shares issued and outstanding at May 2, 2020 and February 1, 2020, respectively	`CommonStockValue`	$492.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$152.26M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$152.84M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$224.61M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$236.40M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$397.96M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$377.95M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$393.88M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$389.15M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$801.65M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$867.89M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
SALES, Net of returns and allowances	`RevenueFromContractWithCustomerExcludingAssessedTax`	$115.41M	USD	1 Quarter
SALES, Net of returns and allowances	`RevenueFromContractWithCustomerExcludingAssessedTax`	$201.31M	USD	1 Quarter
COST OF SALES (Including buying, distribution, and occupancy costs)	`CostOfGoodsAndServicesSold`	$124.66M	USD	1 Quarter
COST OF SALES (Including buying, distribution, and occupancy costs)	`CostOfGoodsAndServicesSold`	$88.59M	USD	1 Quarter
Gross profit	`GrossProfit`	$26.82M	USD	1 Quarter
Gross profit	`GrossProfit`	$76.65M	USD	1 Quarter
Selling	`SellingAndMarketingExpense`	$46.61M	USD	1 Quarter
Selling	`SellingAndMarketingExpense`	$33.50M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.50M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.31M	USD	1 Quarter
Total selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$43.01M	USD	1 Quarter
Total selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$57.92M	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$18.73M	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-16.18M	USD	1 Quarter
OTHER INCOME, Net	`NonoperatingIncomeExpense`	$574.00K	USD	1 Quarter
OTHER INCOME, Net	`NonoperatingIncomeExpense`	$1.25M	USD	1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$19.99M	USD	1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-15.61M	USD	1 Quarter
INCOME TAX EXPENSE (BENEFIT)	`IncomeTaxExpenseBenefit`	$4.90M	USD	1 Quarter
INCOME TAX EXPENSE (BENEFIT)	`IncomeTaxExpenseBenefit`	$-3.82M	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$15.09M	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-11.78M	USD	1 Quarter
Basic (dollars per share)	`EarningsPerShareBasic`	$-0.24	USD	1 Quarter
Basic (dollars per share)	`EarningsPerShareBasic`	$0.31	USD	1 Quarter
Diluted (dollars per share)	`EarningsPerShareDiluted`	$-0.24	USD	1 Quarter
Diluted (dollars per share)	`EarningsPerShareDiluted`	$0.31	USD	1 Quarter
Basic weighted average shares	`WeightedAverageNumberOfSharesOutstandingBasic`	48.73M	shares	1 Quarter
Basic weighted average shares	`WeightedAverageNumberOfSharesOutstandingBasic`	48.55M	shares	1 Quarter
Diluted weighted average shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.73M	shares	1 Quarter
Diluted weighted average shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.92M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
NET INCOME (LOSS)	`NetIncomeLoss`	$15.09M	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-11.78M	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$5.48M	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$6.18M	USD	1 Quarter
Amortization of non-vested stock grants, net of forfeitures	`RestrictedStockExpense`	$1.30M	USD	1 Quarter
Amortization of non-vested stock grants, net of forfeitures	`RestrictedStockExpense`	$957.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-311.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-230.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-52.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-41.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-1.86M	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-235.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-4.38M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$413.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.27M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-7.50M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-6.95M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$7.56M	USD	1 Quarter
Accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-17.62M	USD	1 Quarter
Accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-9.82M	USD	1 Quarter
Accrued store operating expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$-1.88M	USD	1 Quarter
Accrued store operating expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$2.60M	USD	1 Quarter
Gift certificates redeemable	`IncreaseDecreaseInContractWithCustomerLiability`	$-1.81M	USD	1 Quarter
Gift certificates redeemable	`IncreaseDecreaseInContractWithCustomerLiability`	$-2.37M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-3.18M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$5.58M	USD	1 Quarter
Other assets and liabilities	`IncreaseDecreaseinOtherAssetsandLiabilitiesNet`	$1.07M	USD	1 Quarter
Other assets and liabilities	`IncreaseDecreaseinOtherAssetsandLiabilitiesNet`	$-282.00K	USD	1 Quarter
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-28.30M	USD	1 Quarter
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$29.27M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.46M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.07M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$15.97M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$14.74M	USD	1 Quarter
Proceeds from sales/maturities of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$9.55M	USD	1 Quarter
Proceeds from sales/maturities of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$16.94M	USD	1 Quarter
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.50M	USD	1 Quarter
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.26M	USD	1 Quarter
Purchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Purchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$372.00K	USD	1 Quarter
Payment of dividends	`PaymentsOfDividendsCommonStock`	-	USD	1 Quarter
Payment of dividends	`PaymentsOfDividendsCommonStock`	$12.31M	USD	1 Quarter
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-12.31M	USD	1 Quarter
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-372.00K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$15.47M	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-35.93M	USD	1 Quarter
CASH AND CASH EQUIVALENTS, Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$185.04M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$220.97M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$168.47M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$183.94M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$185.04M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$220.97M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$168.47M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$183.94M	USD	Point-in-time

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Dividends paid on common stock, per share	`CommonStockDividendsPerShareCashPaid`	$0.25	USD	1 Quarter
BALANCE	`StockholdersEquity`	$397.96M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$377.95M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$393.88M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$389.15M	USD	Point-in-time
NET INCOME (LOSS)	`NetIncomeLoss`	$15.09M	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-11.78M	USD	1 Quarter
Dividends paid on common stock	`DividendsCommonStockCash`	$12.31M	USD	1 Quarter
Amortization of non-vested stock grants, net of forfeitures	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$1.30M	USD	1 Quarter
Amortization of non-vested stock grants, net of forfeitures	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$957.00K	USD	1 Quarter
Common stock purchased and retired	`StockRepurchasedAndRetiredDuringPeriodValue`	$372.00K	USD	1 Quarter
BALANCE	`StockholdersEquity`	$397.96M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$377.95M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$393.88M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$389.15M	USD	Point-in-time

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