10-Q Filing

BUCKLE INC CIK: 885245 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0000885245-22-000024`
Period End Date	20220430
Filing Date	20220609
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	bke-20220430_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 30 Cash Flow Statement 52 Stockholders Equity 16

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`	50.09M	shares	Point-in-time
Common stock, shares issued (shares)	`CommonStockSharesIssued`	49.73M	shares	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$318.79M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$393.15M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$250.07M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$253.97M	USD	Point-in-time
Short-term investments	`MarketableSecuritiesCurrent`	$12.93M	USD	Point-in-time
Short-term investments	`MarketableSecuritiesCurrent`	$12.89M	USD	Point-in-time
Common stock, shares outstanding (shares)	`CommonStockSharesOutstanding`	50.09M	shares	Point-in-time
Common stock, shares outstanding (shares)	`CommonStockSharesOutstanding`	49.73M	shares	Point-in-time
Receivables	`ReceivablesNetCurrent`	$4.41M	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$12.09M	USD	Point-in-time
Inventory	`InventoryNet`	$121.17M	USD	Point-in-time
Inventory	`InventoryNet`	$102.09M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$19.66M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.13M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$408.21M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$391.21M	USD	Point-in-time
PROPERTY AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$457.18M	USD	Point-in-time
PROPERTY AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$453.23M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$353.89M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$352.72M	USD	Point-in-time
PROPERTY AND EQUIPMENT, Net	`PropertyPlantAndEquipmentNet`	$103.29M	USD	Point-in-time
PROPERTY AND EQUIPMENT, Net	`PropertyPlantAndEquipmentNet`	$100.50M	USD	Point-in-time
OPERATING LEASE RIGHT-OF-USE ASSETS	`OperatingLeaseRightOfUseAsset`	$258.91M	USD	Point-in-time
OPERATING LEASE RIGHT-OF-USE ASSETS	`OperatingLeaseRightOfUseAsset`	$245.78M	USD	Point-in-time
LONG-TERM INVESTMENTS	`MarketableSecuritiesNoncurrent`	$20.14M	USD	Point-in-time
LONG-TERM INVESTMENTS	`MarketableSecuritiesNoncurrent`	$19.35M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$11.62M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$10.91M	USD	Point-in-time
Total assets	`Assets`	$780.88M	USD	Point-in-time
Total assets	`Assets`	$789.03M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$59.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$61.25M	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrent`	$23.09M	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrent`	$62.05M	USD	Point-in-time
Accrued store operating expenses	`OtherAccruedLiabilitiesCurrent`	$20.26M	USD	Point-in-time
Accrued store operating expenses	`OtherAccruedLiabilitiesCurrent`	$27.55M	USD	Point-in-time
Gift certificates redeemable	`ContractWithCustomerLiabilityCurrent`	$16.47M	USD	Point-in-time
Gift certificates redeemable	`ContractWithCustomerLiabilityCurrent`	$13.61M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$84.56M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$88.27M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$13.65M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.53M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$223.71M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$248.54M	USD	Point-in-time
DEFERRED COMPENSATION	`DeferredCompensationLiabilityClassifiedNoncurrent`	$19.35M	USD	Point-in-time
DEFERRED COMPENSATION	`DeferredCompensationLiabilityClassifiedNoncurrent`	$20.14M	USD	Point-in-time
NON-CURRENT OPERATING LEASE LIABILITIES	`OperatingLeaseLiabilityNoncurrent`	$200.07M	USD	Point-in-time
NON-CURRENT OPERATING LEASE LIABILITIES	`OperatingLeaseLiabilityNoncurrent`	$191.59M	USD	Point-in-time
Total liabilities	`Liabilities`	$435.44M	USD	Point-in-time
Total liabilities	`Liabilities`	$467.96M	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; 50,094,851 and 49,728,651 shares issued and outstanding at April 30, 2022 and January 29, 2022 respectively	`CommonStockValue`	$501.00K	USD	Point-in-time
Common stock, authorized 100,000,000 shares of $0.01 par value; 50,094,851 and 49,728,651 shares issued and outstanding at April 30, 2022 and January 29, 2022 respectively	`CommonStockValue`	$497.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$170.27M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$167.33M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$182.82M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$145.10M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$440.10M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$353.59M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$312.92M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$396.63M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$780.88M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$789.03M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
SALES, Net of returns and allowances	`RevenueFromContractWithCustomerExcludingAssessedTax`	$309.06M	USD	1 Quarter
SALES, Net of returns and allowances	`RevenueFromContractWithCustomerExcludingAssessedTax`	$299.12M	USD	1 Quarter
COST OF SALES (Including buying, distribution, and occupancy costs)	`CostOfGoodsAndServicesSold`	$156.90M	USD	1 Quarter
COST OF SALES (Including buying, distribution, and occupancy costs)	`CostOfGoodsAndServicesSold`	$151.57M	USD	1 Quarter
Gross profit	`GrossProfit`	$147.55M	USD	1 Quarter
Gross profit	`GrossProfit`	$152.16M	USD	1 Quarter
Selling	`SellingAndMarketingExpense`	$60.00M	USD	1 Quarter
Selling	`SellingAndMarketingExpense`	$67.25M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.86M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.75M	USD	1 Quarter
Total selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$71.75M	USD	1 Quarter
Total selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$79.10M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$75.80M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$73.06M	USD	1 Quarter
OTHER INCOME, Net	`NonoperatingIncomeExpense`	$125.00K	USD	1 Quarter
OTHER INCOME, Net	`NonoperatingIncomeExpense`	$51.00K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$75.85M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$73.18M	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$18.58M	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$17.93M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$57.27M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$55.25M	USD	1 Quarter
Basic (dollars per share)	`EarningsPerShareBasic`	$1.17	USD	1 Quarter
Basic (dollars per share)	`EarningsPerShareBasic`	$1.12	USD	1 Quarter
Diluted (dollars per share)	`EarningsPerShareDiluted`	$1.16	USD	1 Quarter
Diluted (dollars per share)	`EarningsPerShareDiluted`	$1.12	USD	1 Quarter
Basic weighted average shares	`WeightedAverageNumberOfSharesOutstandingBasic`	49.21M	shares	1 Quarter
Basic weighted average shares	`WeightedAverageNumberOfSharesOutstandingBasic`	48.95M	shares	1 Quarter
Diluted weighted average shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	49.53M	shares	1 Quarter
Diluted weighted average shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	49.31M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
NET INCOME	`NetIncomeLoss`	$57.27M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$55.25M	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$4.81M	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$4.49M	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`	$2.95M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-707.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-631.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-195.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-29.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-1.69M	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-1.15M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$19.07M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-12.05M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$9.43M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$9.54M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$10.24M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.11M	USD	1 Quarter
Accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-38.96M	USD	1 Quarter
Accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-9.39M	USD	1 Quarter
Accrued store operating expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$7.30M	USD	1 Quarter
Accrued store operating expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$7.10M	USD	1 Quarter
Gift certificates redeemable	`IncreaseDecreaseInContractWithCustomerLiability`	$-2.86M	USD	1 Quarter
Gift certificates redeemable	`IncreaseDecreaseInContractWithCustomerLiability`	$-2.06M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$18.10M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$18.99M	USD	1 Quarter
Other assets and liabilities	`IncreaseDecreaseinOtherAssetsandLiabilitiesNet`	$1.72M	USD	1 Quarter
Other assets and liabilities	`IncreaseDecreaseinOtherAssetsandLiabilitiesNet`	$613.00K	USD	1 Quarter
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$21.50M	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`	$7.11M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$5.88M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$1.58M	USD	1 Quarter
Proceeds from sales/maturities of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$5.13M	USD	1 Quarter
Proceeds from sales/maturities of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$3.47M	USD	1 Quarter
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.87M	USD	1 Quarter
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.74M	USD	1 Quarter
Payment of dividends	`PaymentsOfDividendsCommonStock`	$16.43M	USD	1 Quarter
Payment of dividends	`PaymentsOfDividendsCommonStock`	$17.53M	USD	1 Quarter
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-17.53M	USD	1 Quarter
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-16.43M	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-3.90M	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`	$393.15M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$250.07M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$253.97M	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`	$393.15M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$250.07M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$253.97M	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Dividends paid on common stock, per share	`CommonStockDividendsPerShareCashPaid`	$0.33	USD	1 Quarter
Dividends paid on common stock, per share	`CommonStockDividendsPerShareCashPaid`	$0.35	USD	1 Quarter
BALANCE	`StockholdersEquity`	$440.10M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$353.59M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$312.92M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$396.63M	USD	Point-in-time
NET INCOME	`NetIncomeLoss`	$57.27M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$55.25M	USD	1 Quarter
Dividends paid on common stock	`DividendsCommonStockCash`	$16.43M	USD	1 Quarter
Dividends paid on common stock	`DividendsCommonStockCash`	$17.53M	USD	1 Quarter
Amortization of non-vested stock grants, net of forfeitures	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$2.63M	USD	1 Quarter
Amortization of non-vested stock grants, net of forfeitures	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$2.95M	USD	1 Quarter
BALANCE	`StockholdersEquity`	$440.10M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$353.59M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$312.92M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$396.63M	USD	Point-in-time

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