10-Q Filing

BUCKLE INC CIK: 885245 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0000885245-21-000025`
Period End Date	20210430
Filing Date	20210610
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	bke-20210501_htm.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`	49.41M	shares	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$318.79M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$220.97M	USD	Point-in-time
Common stock, shares issued (shares)	`CommonStockSharesIssued`	49.79M	shares	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$393.15M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$185.04M	USD	Point-in-time
Short-term investments	`MarketableSecuritiesCurrent`	$3.36M	USD	Point-in-time
Common stock, shares outstanding (shares)	`CommonStockSharesOutstanding`	49.79M	shares	Point-in-time
Short-term investments	`MarketableSecuritiesCurrent`	$697.00K	USD	Point-in-time
Common stock, shares outstanding (shares)	`CommonStockSharesOutstanding`	49.41M	shares	Point-in-time
Receivables	`ReceivablesNetCurrent`	$2.82M	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$1.67M	USD	Point-in-time
Inventory	`InventoryNet`	$89.02M	USD	Point-in-time
Inventory	`InventoryNet`	$101.06M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$20.61M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$11.19M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$437.22M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$505.15M	USD	Point-in-time
PROPERTY AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$452.66M	USD	Point-in-time
PROPERTY AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$451.36M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$352.63M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$350.94M	USD	Point-in-time
PROPERTY AND EQUIPMENT, Net	`PropertyPlantAndEquipmentNet`	$100.03M	USD	Point-in-time
PROPERTY AND EQUIPMENT, Net	`PropertyPlantAndEquipmentNet`	$100.42M	USD	Point-in-time
OPERATING LEASE RIGHT-OF-USE ASSETS	`OperatingLeaseRightOfUseAsset`	$280.81M	USD	Point-in-time
OPERATING LEASE RIGHT-OF-USE ASSETS	`OperatingLeaseRightOfUseAsset`	$279.36M	USD	Point-in-time
LONG-TERM INVESTMENTS	`MarketableSecuritiesNoncurrent`	$18.32M	USD	Point-in-time
LONG-TERM INVESTMENTS	`MarketableSecuritiesNoncurrent`	$19.09M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$11.13M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$10.50M	USD	Point-in-time
Total assets	`Assets`	$916.21M	USD	Point-in-time
Total assets	`Assets`	$845.81M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$43.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$53.63M	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrent`	$35.87M	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrent`	$26.47M	USD	Point-in-time
Accrued store operating expenses	`OtherAccruedLiabilitiesCurrent`	$20.30M	USD	Point-in-time
Accrued store operating expenses	`OtherAccruedLiabilitiesCurrent`	$27.36M	USD	Point-in-time
Gift certificates redeemable	`ContractWithCustomerLiabilityCurrent`	$14.28M	USD	Point-in-time
Gift certificates redeemable	`ContractWithCustomerLiabilityCurrent`	$12.21M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$81.76M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$84.63M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$29.74M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$10.75M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$234.04M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$206.36M	USD	Point-in-time
DEFERRED COMPENSATION	`DeferredCompensationLiabilityClassifiedNoncurrent`	$18.32M	USD	Point-in-time
DEFERRED COMPENSATION	`DeferredCompensationLiabilityClassifiedNoncurrent`	$19.09M	USD	Point-in-time
NON-CURRENT OPERATING LEASE LIABILITIES	`OperatingLeaseLiabilityNoncurrent`	$222.98M	USD	Point-in-time
NON-CURRENT OPERATING LEASE LIABILITIES	`OperatingLeaseLiabilityNoncurrent`	$224.51M	USD	Point-in-time
Total liabilities	`Liabilities`	$449.19M	USD	Point-in-time
Total liabilities	`Liabilities`	$476.11M	USD	Point-in-time
COMMITMENTS	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, authorized 100,000,000 shares of $0.01 par value; 49,788,891 and 49,407,731 shares issued and outstanding at May 1, 2021 and January 30, 2021 respectively	`CommonStockValue`	$494.00K	USD	Point-in-time
Common stock, authorized 100,000,000 shares of $0.01 par value; 49,788,891 and 49,407,731 shares issued and outstanding at May 1, 2021 and January 30, 2021 respectively	`CommonStockValue`	$498.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$160.68M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$158.06M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$238.08M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$278.92M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$396.63M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$377.95M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$440.10M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$389.15M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$916.21M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$845.81M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
SALES, Net of returns and allowances	`RevenueFromContractWithCustomerExcludingAssessedTax`	$299.12M	USD	1 Quarter
SALES, Net of returns and allowances	`RevenueFromContractWithCustomerExcludingAssessedTax`	$115.41M	USD	1 Quarter
COST OF SALES (Including buying, distribution, and occupancy costs)	`CostOfGoodsAndServicesSold`	$151.57M	USD	1 Quarter
COST OF SALES (Including buying, distribution, and occupancy costs)	`CostOfGoodsAndServicesSold`	$88.59M	USD	1 Quarter
Gross profit	`GrossProfit`	$147.55M	USD	1 Quarter
Gross profit	`GrossProfit`	$26.82M	USD	1 Quarter
Selling	`SellingAndMarketingExpense`	$33.50M	USD	1 Quarter
Selling	`SellingAndMarketingExpense`	$60.00M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.75M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.50M	USD	1 Quarter
Total selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$71.75M	USD	1 Quarter
Total selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$43.01M	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-16.18M	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$75.80M	USD	1 Quarter
OTHER INCOME, Net	`NonoperatingIncomeExpense`	$574.00K	USD	1 Quarter
OTHER INCOME, Net	`NonoperatingIncomeExpense`	$51.00K	USD	1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$75.85M	USD	1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-15.61M	USD	1 Quarter
INCOME TAX EXPENSE (BENEFIT)	`IncomeTaxExpenseBenefit`	$-3.82M	USD	1 Quarter
INCOME TAX EXPENSE (BENEFIT)	`IncomeTaxExpenseBenefit`	$18.58M	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-11.78M	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$57.27M	USD	1 Quarter
Basic (dollars per share)	`EarningsPerShareBasic`	$1.17	USD	1 Quarter
Basic (dollars per share)	`EarningsPerShareBasic`	$-0.24	USD	1 Quarter
Diluted (dollars per share)	`EarningsPerShareDiluted`	$-0.24	USD	1 Quarter
Diluted (dollars per share)	`EarningsPerShareDiluted`	$1.16	USD	1 Quarter
Basic weighted average shares	`WeightedAverageNumberOfSharesOutstandingBasic`	48.95M	shares	1 Quarter
Basic weighted average shares	`WeightedAverageNumberOfSharesOutstandingBasic`	48.73M	shares	1 Quarter
Diluted weighted average shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.92M	shares	1 Quarter
Diluted weighted average shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	49.31M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
NET INCOME (LOSS)	`NetIncomeLoss`	$-11.78M	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$57.27M	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$5.48M	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$4.81M	USD	1 Quarter
Amortization of non-vested stock grants, net of forfeitures	`RestrictedStockExpense`	$2.63M	USD	1 Quarter
Amortization of non-vested stock grants, net of forfeitures	`RestrictedStockExpense`	$957.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-631.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-230.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-41.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-195.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-1.86M	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-1.15M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-12.05M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$413.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$9.43M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-7.50M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$10.24M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-6.95M	USD	1 Quarter
Accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-9.39M	USD	1 Quarter
Accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-17.62M	USD	1 Quarter
Accrued store operating expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$7.10M	USD	1 Quarter
Accrued store operating expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$-1.88M	USD	1 Quarter
Gift certificates redeemable	`IncreaseDecreaseInContractWithCustomerLiability`	$-2.06M	USD	1 Quarter
Gift certificates redeemable	`IncreaseDecreaseInContractWithCustomerLiability`	$-1.81M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$18.99M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-3.18M	USD	1 Quarter
Other assets and liabilities	`IncreaseDecreaseinOtherAssetsandLiabilitiesNet`	$-282.00K	USD	1 Quarter
Other assets and liabilities	`IncreaseDecreaseinOtherAssetsandLiabilitiesNet`	$613.00K	USD	1 Quarter
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-28.30M	USD	1 Quarter
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$93.53M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.64M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.07M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$1.58M	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`	$3.47M	USD	1 Quarter
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.74M	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`	$16.43M	USD	1 Quarter
Payment of dividends	`PaymentsOfDividendsCommonStock`	-	USD	1 Quarter
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-16.43M	USD	1 Quarter
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-372.00K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-35.93M	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$74.36M	USD	1 Quarter
CASH AND CASH EQUIVALENTS, Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$318.79M	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`	$393.15M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$185.04M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$318.79M	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`	$393.15M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$185.04M	USD	Point-in-time

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Dividends paid on common stock, per share	`CommonStockDividendsPerShareCashPaid`	$0.33	USD	1 Quarter
BALANCE	`StockholdersEquity`	$396.63M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$377.95M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$440.10M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$389.15M	USD	Point-in-time
NET INCOME (LOSS)	`NetIncomeLoss`	$-11.78M	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$57.27M	USD	1 Quarter
Dividends paid on common stock	`DividendsCommonStockCash`	$16.43M	USD	1 Quarter
Amortization of non-vested stock grants, net of forfeitures	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$957.00K	USD	1 Quarter
Amortization of non-vested stock grants, net of forfeitures	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$2.63M	USD	1 Quarter
Common stock purchased and retired	`StockRepurchasedAndRetiredDuringPeriodValue`	$372.00K	USD	1 Quarter
BALANCE	`StockholdersEquity`	$396.63M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$377.95M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$440.10M	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.