10-Q Filing

SPORTSMAN'S WAREHOUSE HOLDINGS, INC. CIK: 1132105 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0000950170-23-025096`
Period End Date	20230430
Filing Date	20230531
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	spwh-20230429_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 26 Cash Flow Statement 61 Stockholders Equity 21

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.04M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.39M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.42M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.05M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$3.50M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Merchandise inventories	`RetailRelatedInventory`	$469.49M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Merchandise inventories	`RetailRelatedInventory`	$399.13M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$21.50M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$22.33M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	37.69M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	37.54M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.54M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$499.94M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.69M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$425.90M	USD	Point-in-time
Operating lease right of use asset	`OperatingLeaseRightOfUseAsset`	$268.59M	USD	Point-in-time
Operating lease right of use asset	`OperatingLeaseRightOfUseAsset`	$302.91M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$162.59M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$176.97M	USD	Point-in-time
Goodwill	`Goodwill`	$1.50M	USD	Point-in-time
Goodwill	`Goodwill`	$1.50M	USD	Point-in-time
Definite lived intangibles, net	`FiniteLivedIntangibleAssetsNet`	$374.00K	USD	Point-in-time
Definite lived intangibles, net	`FiniteLivedIntangibleAssetsNet`	$389.00K	USD	Point-in-time
Total assets	`Assets`	$981.70M	USD	Point-in-time
Total assets	`Assets`	$858.96M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$61.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$112.66M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$99.98M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$90.44M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$932.00K	USD	Point-in-time
Operating lease liability, current	`OperatingLeaseLiabilityCurrent`	$45.47M	USD	Point-in-time
Operating lease liability, current	`OperatingLeaseLiabilityCurrent`	$46.63M	USD	Point-in-time
Revolving line of credit	`LinesOfCreditCurrent`	$87.50M	USD	Point-in-time
Revolving line of credit	`LinesOfCreditCurrent`	$150.25M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$295.82M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$399.98M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$9.54M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$8.49M	USD	Point-in-time
Operating lease liability, noncurrent	`OperatingLeaseLiabilityNoncurrent`	$260.48M	USD	Point-in-time
Operating lease liability, noncurrent	`OperatingLeaseLiabilityNoncurrent`	$296.64M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$270.02M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$305.13M	USD	Point-in-time
Total liabilities	`Liabilities`	$565.85M	USD	Point-in-time
Total liabilities	`Liabilities`	$705.11M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $.01 par value; 20,000 shares authorized; 0 shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value; 20,000 shares authorized; 0 shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.01 par value; 100,000 shares authorized; 37,697 and 43,880 shares issued and outstanding, respectively	`CommonStockValue`	$375.00K	USD	Point-in-time
Common stock, $.01 par value; 100,000 shares authorized; 37,697 and 43,880 shares issued and outstanding, respectively	`CommonStockValue`	$377.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$79.34M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$79.74M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$213.00M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$196.87M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$314.17M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$293.11M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$276.58M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$315.68M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$858.96M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$981.70M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$309.50M	USD	1 Quarter
Net sales	`Revenues`	$267.53M	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$187.49M	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$210.41M	USD	1 Quarter
Gross profit	`GrossProfit`	$99.09M	USD	1 Quarter
Gross profit	`GrossProfit`	$80.04M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$96.08M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$99.00M	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$3.01M	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$-18.96M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.05M	USD	1 Quarter
Interest expense	`InterestExpense`	$567.00K	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-21.01M	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.44M	USD	1 Quarter
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$-5.37M	USD	1 Quarter
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$441.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-15.64M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$2.00M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.42	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.05	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.42	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.61M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	43.94M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.61M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.22M	shares	1 Quarter

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$2.00M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-15.64M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$7.39M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$8.77M	USD	1 Quarter
Amortization of deferred financing fees	`AmortizationOfFinancingCostsAndDiscounts`	$63.00K	USD	1 Quarter
Amortization of deferred financing fees	`AmortizationOfFinancingCostsAndDiscounts`	$38.00K	USD	1 Quarter
Amortization of definite lived intangible	`AmortizationOfIntangibleAssets`	$24.00K	USD	1 Quarter
Amortization of definite lived intangible	`AmortizationOfIntangibleAssets`	$15.00K	USD	1 Quarter
Noncash lease expense	`NoncashLeaseExpense`	$3.54M	USD	1 Quarter
Noncash lease expense	`NoncashLeaseExpense`	$3.55M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-266.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.05M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.25M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.36M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-683.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$363.00K	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-9.19M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-540.00K	USD	1 Quarter
Merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$49.88M	USD	1 Quarter
Merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$70.36M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-786.00K	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.01M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$50.17M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$41.24M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-15.40M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-9.18M	USD	1 Quarter
Income taxes payable and receivable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-4.43M	USD	1 Quarter
Income taxes payable and receivable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$591.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-16.84M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-36.98M	USD	1 Quarter
Purchase of property and equipment, net of amounts acquired	`PaymentsToAcquirePropertyPlantAndEquipment`	$22.76M	USD	1 Quarter
Purchase of property and equipment, net of amounts acquired	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-22.76M	USD	1 Quarter
Net borrowings on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$62.75M	USD	1 Quarter
Net borrowings on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$32.45M	USD	1 Quarter
Decrease in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$-213.00K	USD	1 Quarter
Decrease in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$-1.07M	USD	1 Quarter
Payments to acquire treasury stock	`PaymentsForRepurchaseOfEquity`	$696.00K	USD	1 Quarter
Payment of withholdings on restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.45M	USD	1 Quarter
Payment of withholdings on restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.84M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$60.39M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$29.53M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$687.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$651.00K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$57.02M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$57.70M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.39M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.04M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$57.02M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$57.70M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.39M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.04M	USD	Point-in-time
Interest, net of amounts capitalized	`InterestPaidNet`	$490.00K	USD	1 Quarter
Interest, net of amounts capitalized	`InterestPaidNet`	$1.78M	USD	1 Quarter
Income taxes, net of refunds	`IncomeTaxesPaid`	$116.00K	USD	1 Quarter
Income taxes, net of refunds	`IncomeTaxesPaid`	$115.00K	USD	1 Quarter
Noncash change in operating lease right of use asset and operating lease liabilities from remeasurement of existing leases and addition of new leases	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$37.89M	USD	1 Quarter
Noncash change in operating lease right of use asset and operating lease liabilities from remeasurement of existing leases and addition of new leases	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$6.38M	USD	1 Quarter
Purchases of property and equipment included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$9.81M	USD	1 Quarter
Purchases of property and equipment included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$4.79M	USD	1 Quarter

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$314.17M	USD	Point-in-time
Balance	`StockholdersEquity`	$293.11M	USD	Point-in-time
Balance	`StockholdersEquity`	$276.58M	USD	Point-in-time
Balance	`StockholdersEquity`	$315.68M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	37.54M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	37.69M	shares	Point-in-time
Repurchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$598.00K	USD	1 Quarter
Repurchase of treasury stock (in shares)	`TreasuryStockSharesAcquired`	100,000.00	shares	1 Quarter
Retirement of treasury stock	`TreasuryStockRetiredCostMethodAmount`	$98.00K	USD	1 Quarter
Payment of withholdings on restricted stock units	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.45M	USD	1 Quarter
Payment of withholdings on restricted stock units	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.84M	USD	1 Quarter
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.25M	USD	1 Quarter
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.36M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-15.64M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$2.00M	USD	1 Quarter
Balance	`StockholdersEquity`	$314.17M	USD	Point-in-time
Balance	`StockholdersEquity`	$293.11M	USD	Point-in-time
Balance	`StockholdersEquity`	$276.58M	USD	Point-in-time
Balance	`StockholdersEquity`	$315.68M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	37.54M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	37.69M	shares	Point-in-time

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