10-Q Filing

OXFORD INDUSTRIES INC CIK: 75288 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001104659-13-048618`
Period End Date	20130430
Filing Date	20130612
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	oxm-20130504.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 32 Cash Flow Statement 60 Comprehensive Income 10

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.68M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.52M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.37M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.32M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$62.80M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$82.20M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$86.70M	USD	Point-in-time
Inventories, net	`InventoryNet`	$86.00M	USD	Point-in-time
Inventories, net	`InventoryNet`	$109.61M	USD	Point-in-time
Inventories, net	`InventoryNet`	$95.80M	USD	Point-in-time
Prepaid expenses, net	`PrepaidExpenseCurrent`	$21.51M	USD	Point-in-time
Prepaid expenses, net	`PrepaidExpenseCurrent`	$19.51M	USD	Point-in-time
Prepaid expenses, net	`PrepaidExpenseCurrent`	$15.53M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$19.34M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$22.95M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$20.69M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$248.51M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$222.39M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$213.25M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$128.88M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$135.61M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$97.27M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$163.81M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$164.32M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$165.67M	USD	Point-in-time
Goodwill	`Goodwill`	$17.27M	USD	Point-in-time
Goodwill	`Goodwill`	$17.27M	USD	Point-in-time
Goodwill	`Goodwill`	$16.50M	USD	Point-in-time
Other non-current assets, net	`OtherAssetsNoncurrent`	$23.21M	USD	Point-in-time
Other non-current assets, net	`OtherAssetsNoncurrent`	$22.30M	USD	Point-in-time
Other non-current assets, net	`OtherAssetsNoncurrent`	$23.21M	USD	Point-in-time
Total Assets	`Assets`	$514.99M	USD	Point-in-time
Total Assets	`Assets`	$556.07M	USD	Point-in-time
Total Assets	`Assets`	$588.41M	USD	Point-in-time
Accounts payable and other accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$77.78M	USD	Point-in-time
Accounts payable and other accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$90.85M	USD	Point-in-time
Accounts payable and other accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$76.38M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$25.47M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$14.65M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$16.70M	USD	Point-in-time
Contingent consideration current liability	`BusinessAcquisitionContingentConsiderationAtFairValueAtBalanceSheetDateCurrent`	$2.50M	USD	Point-in-time
Short-term debt	`DebtCurrent`	$6.02M	USD	Point-in-time
Short-term debt	`DebtCurrent`	$5.83M	USD	Point-in-time
Short-term debt	`DebtCurrent`	$7.94M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$124.27M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$101.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$98.26M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$159.29M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$106.99M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$108.55M	USD	Point-in-time
Non-current contingent consideration	`BusinessAcquisitionContingentConsiderationAtFairValueAtBalanceSheetDateNoncurrent`	$14.52M	USD	Point-in-time
Non-current contingent consideration	`BusinessAcquisitionContingentConsiderationAtFairValueAtBalanceSheetDateNoncurrent`	$11.24M	USD	Point-in-time
Non-current contingent consideration	`BusinessAcquisitionContingentConsiderationAtFairValueAtBalanceSheetDateNoncurrent`	$14.45M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$46.34M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$39.45M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$44.57M	USD	Point-in-time
Non-current deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$35.50M	USD	Point-in-time
Non-current deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$33.61M	USD	Point-in-time
Non-current deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$34.38M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $1.00 par value per common share	`CommonStockValue`	$16.54M	USD	Point-in-time
Common stock, $1.00 par value per common share	`CommonStockValue`	$16.59M	USD	Point-in-time
Common stock, $1.00 par value per common share	`CommonStockValue`	$16.39M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$111.88M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$101.09M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$104.89M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$131.12M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$127.08M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$132.94M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-23.67M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-24.59M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-24.88M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-22.62M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$229.84M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$222.09M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$234.50M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$588.41M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$514.99M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$556.07M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$234.20M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$230.95M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$100.13M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$101.74M	USD	1 Quarter
Gross profit	`GrossProfit`	$134.07M	USD	1 Quarter
Gross profit	`GrossProfit`	$129.21M	USD	1 Quarter
SG&A	`SellingGeneralAndAdministrativeExpense`	$100.81M	USD	1 Quarter
SG&A	`SellingGeneralAndAdministrativeExpense`	$113.03M	USD	1 Quarter
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability`	$-69.00K	USD	1 Quarter
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability`	$-600.00K	USD	1 Quarter
Royalties and other operating income	`RoyaltiesAndOtherOperatingIncome`	$5.08M	USD	1 Quarter
Royalties and other operating income	`RoyaltiesAndOtherOperatingIncome`	$4.98M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$32.79M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$26.06M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$936.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$3.60M	USD	1 Quarter
Net earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$25.12M	USD	1 Quarter
Net earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$29.18M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$11.18M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$11.50M	USD	1 Quarter
Net earnings	`NetIncomeLossAvailableToCommonStockholdersBasic`	$18.00M	USD	1 Quarter
Net earnings	`NetIncomeLossAvailableToCommonStockholdersBasic`	$13.62M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.82	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.09	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.09	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.82	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	16.53M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	16.59M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.61M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.55M	shares	1 Quarter
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.18	USD	1 Quarter
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.15	USD	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLossAvailableToCommonStockholdersBasic`	$18.00M	USD	1 Quarter
Net earnings	`NetIncomeLossAvailableToCommonStockholdersBasic`	$13.62M	USD	1 Quarter
Depreciation	`Depreciation`	$7.01M	USD	1 Quarter
Depreciation	`Depreciation`	$5.77M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$256.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$211.00K	USD	1 Quarter
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability`	$-69.00K	USD	1 Quarter
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability`	$-600.00K	USD	1 Quarter
Amortization of deferred financing costs and bond discount	`AmortizationOfFinancingCostsAndDiscounts`	$376.00K	USD	1 Quarter
Amortization of deferred financing costs and bond discount	`AmortizationOfFinancingCostsAndDiscounts`	$108.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$782.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$761.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.05M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.44M	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$26.64M	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$19.71M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-13.60M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-17.89M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$2.00M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-2.26M	USD	1 Quarter
Current liabilities	`IncreaseDecreaseInOperatingLiabilities`	$-19.80M	USD	1 Quarter
Current liabilities	`IncreaseDecreaseInOperatingLiabilities`	$-17.38M	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$124.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$2.33M	USD	1 Quarter
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$781.00K	USD	1 Quarter
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$1.77M	USD	1 Quarter
Excess tax benefits related to stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$5.99M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-4.58M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-3.11M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.63M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.86M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-9.63M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-13.86M	USD	1 Quarter
Repayment of revolving credit arrangements	`RepaymentsOfLinesOfCredit`	$64.89M	USD	1 Quarter
Repayment of revolving credit arrangements	`RepaymentsOfLinesOfCredit`	$67.43M	USD	1 Quarter
Proceeds from revolving credit arrangements	`ProceedsFromLinesOfCredit`	$116.17M	USD	1 Quarter
Proceeds from revolving credit arrangements	`ProceedsFromLinesOfCredit`	$71.67M	USD	1 Quarter
Proceeds from issuance of common stock, including excess tax benefits	`ProceedsAndExcessTaxBenefitFromSharebasedCompensation`	$6.21M	USD	1 Quarter
Proceeds from issuance of common stock, including excess tax benefits	`ProceedsAndExcessTaxBenefitFromSharebasedCompensation`	$680.00K	USD	1 Quarter
Repurchase of restricted stock for employee tax withholding liabilities	`PaymentsForRepurchaseOfCommonStockForEmployeeTaxWithholdingObligations`	$12.64M	USD	1 Quarter
Dividends on common stock	`PaymentsOfDividendsCommonStock`	$2.48M	USD	1 Quarter
Dividends on common stock	`PaymentsOfDividendsCommonStock`	$3.02M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$39.30M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$4.99M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$20.86M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.76M	USD	1 Quarter
Effect of foreign currency translation on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-48.00K	USD	1 Quarter
Effect of foreign currency translation on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$62.00K	USD	1 Quarter
Cash and cash equivalents at the beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$5.68M	USD	Point-in-time
Cash and cash equivalents at the beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$7.52M	USD	Point-in-time
Cash and cash equivalents at the beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$13.37M	USD	Point-in-time
Cash and cash equivalents at the beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$28.32M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$5.68M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$7.52M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$13.37M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$28.32M	USD	Point-in-time
Cash paid for interest, net	`InterestPaidNet`	$82.00K	USD	1 Quarter
Cash paid for interest, net	`InterestPaidNet`	$860.00K	USD	1 Quarter
Cash paid (refunded) for income taxes	`IncomeTaxesPaidNet`	$1.11M	USD	1 Quarter
Cash paid (refunded) for income taxes	`IncomeTaxesPaidNet`	$-351.00K	USD	1 Quarter

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLossAvailableToCommonStockholdersBasic`	$18.00M	USD	1 Quarter
Net earnings	`NetIncomeLossAvailableToCommonStockholdersBasic`	$13.62M	USD	1 Quarter
Foreign currency translation (loss) gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodAfterReclassificationNetOfTax`	$1.27M	USD	1 Quarter
Foreign currency translation (loss) gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodAfterReclassificationNetOfTax`	$-661.00K	USD	1 Quarter
Net unrealized (loss) gain on cash flow hedges	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodAfterReclassificationNetOfTax`	$362.00K	USD	1 Quarter
Net unrealized (loss) gain on cash flow hedges	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodAfterReclassificationNetOfTax`	$-215.00K	USD	1 Quarter
Total other comprehensive income (loss), net of taxes	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.05M	USD	1 Quarter
Total other comprehensive income (loss), net of taxes	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-299.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$13.32M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$19.06M	USD	1 Quarter

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