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10-Q Filing

BUCKLE INC CIK: 885245 Q1 2011
Filing Information
Form Type 10-Q
Accession Number 0001157523-11-003600
Period End Date 20110430
Filing Date 20110609
Fiscal Year 2011
Fiscal Period Q1
XBRL Instance bke-20110430.xml
Filing Contents
Balance Sheet 70 line items
Line Item Tag Value Unit Period
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $139.29M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $131.42M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 100.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $135.34M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $162.46M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 100.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $116.47M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 47.34M shares Point-in-time
Short-term investments MarketableSecuritiesCurrent $22.89M USD Point-in-time
Short-term investments MarketableSecuritiesCurrent $21.50M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 47.13M shares Point-in-time
Receivables ReceivablesNetCurrent $14.36M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 47.34M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 47.13M shares Point-in-time
Receivables ReceivablesNetCurrent $4.05M USD Point-in-time
Inventory InventoryNet $88.59M USD Point-in-time
Inventory InventoryNet $89.87M USD Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssetsCurrent $22.88M USD Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssetsCurrent $14.72M USD Point-in-time
Total current assets AssetsCurrent $257.04M USD Point-in-time
Total current assets AssetsCurrent $277.58M USD Point-in-time
PROPERTY AND EQUIPMENT PropertyPlantAndEquipmentGross $342.41M USD Point-in-time
PROPERTY AND EQUIPMENT PropertyPlantAndEquipmentGross $347.96M USD Point-in-time
Less accumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $178.10M USD Point-in-time
Less accumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $173.18M USD Point-in-time
PROPERTY AND EQUIPMENT, NET PropertyPlantAndEquipmentNet $169.86M USD Point-in-time
PROPERTY AND EQUIPMENT, NET PropertyPlantAndEquipmentNet $169.23M USD Point-in-time
LONG-TERM INVESTMENTS MarketableSecuritiesNoncurrent $66.16M USD Point-in-time
LONG-TERM INVESTMENTS MarketableSecuritiesNoncurrent $65.18M USD Point-in-time
OTHER ASSETS OtherAssetsNoncurrent $2.41M USD Point-in-time
OTHER ASSETS OtherAssetsNoncurrent $2.42M USD Point-in-time
Total assets Assets $494.84M USD Point-in-time
Total assets Assets $515.03M USD Point-in-time
Accounts payable AccountsPayableCurrent $41.08M USD Point-in-time
Accounts payable AccountsPayableCurrent $33.49M USD Point-in-time
Accrued employee compensation EmployeeRelatedLiabilitiesCurrent $15.28M USD Point-in-time
Accrued employee compensation EmployeeRelatedLiabilitiesCurrent $36.02M USD Point-in-time
Accrued store operating expenses OtherAccruedLiabilitiesCurrent $9.65M USD Point-in-time
Accrued store operating expenses OtherAccruedLiabilitiesCurrent $9.32M USD Point-in-time
Gift certificates redeemable AccruedLiabilitiesForUnredeeemedGiftCards $12.91M USD Point-in-time
Gift certificates redeemable AccruedLiabilitiesForUnredeeemedGiftCards $17.21M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $9.80M USD Point-in-time
Total current liabilities LiabilitiesCurrent $96.37M USD Point-in-time
Total current liabilities LiabilitiesCurrent $88.39M USD Point-in-time
DEFERRED COMPENSATION DeferredCompensationLiabilityClassifiedNoncurrent $7.73M USD Point-in-time
DEFERRED COMPENSATION DeferredCompensationLiabilityClassifiedNoncurrent $8.73M USD Point-in-time
DEFERRED RENT LIABILITY IncentiveFromLessor $37.43M USD Point-in-time
DEFERRED RENT LIABILITY IncentiveFromLessor $37.62M USD Point-in-time
OTHER LIABILITIES DeferredTaxLiabilitiesNoncurrent $7.42M USD Point-in-time
OTHER LIABILITIES DeferredTaxLiabilitiesNoncurrent $7.65M USD Point-in-time
Total liabilities Liabilities $142.16M USD Point-in-time
Total liabilities Liabilities $149.18M 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; 47,342,895 and 47,127,926 shares issued and outstanding at April 30, 2011 and January 29, 2011, respectively CommonStockValue $471.00K USD Point-in-time
Common stock, authorized 100,000,000 shares of $.01 par value; 47,342,895 and 47,127,926 shares issued and outstanding at April 30, 2011 and January 29, 2011, respectively CommonStockValue $474.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $92.90M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $89.72M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $256.15M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $280.15M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-650.00K USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-671.00K USD Point-in-time
Total stockholders' equity StockholdersEquity $372.87M USD Point-in-time
Total stockholders' equity StockholdersEquity $345.67M USD Point-in-time
Total stockholders' equity StockholdersEquity $354.26M USD Point-in-time
Total stockholders' equity StockholdersEquity $378.26M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $494.84M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $515.03M USD Point-in-time
Income Statement 30 line items
Line Item Tag Value Unit Period
SALES, Net of returns and allowances SalesRevenueNet $214.80M USD 1 Quarter
SALES, Net of returns and allowances SalesRevenueNet $240.09M USD 1 Quarter
COST OF SALES (Including buying, distribution, and occupancy costs) CostOfSales $121.35M USD 1 Quarter
COST OF SALES (Including buying, distribution, and occupancy costs) CostOfSales $137.15M USD 1 Quarter
Gross profit GrossProfit $93.45M USD 1 Quarter
Gross profit GrossProfit $102.94M USD 1 Quarter
Selling RetailSellingAndMarketingExpense $39.84M USD 1 Quarter
Selling RetailSellingAndMarketingExpense $42.73M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $8.86M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $7.42M USD 1 Quarter
Total selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $51.59M USD 1 Quarter
Total selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $47.26M USD 1 Quarter
INCOME FROM OPERATIONS OperatingIncomeLoss $46.19M USD 1 Quarter
INCOME FROM OPERATIONS OperatingIncomeLoss $51.35M USD 1 Quarter
OTHER INCOME, Net NonoperatingIncomeExpense $1.61M USD 1 Quarter
OTHER INCOME, Net NonoperatingIncomeExpense $1.83M USD 1 Quarter
INCOME BEFORE INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $48.02M USD 1 Quarter
INCOME BEFORE INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $52.97M USD 1 Quarter
PROVISION FOR INCOME TAXES IncomeTaxExpenseBenefit $19.50M USD 1 Quarter
PROVISION FOR INCOME TAXES IncomeTaxExpenseBenefit $17.91M USD 1 Quarter
NET INCOME NetIncomeLoss $33.47M USD 1 Quarter
NET INCOME NetIncomeLoss $30.11M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.72 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.65 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.71 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.64 USD 1 Quarter
Basic weighted average shares WeightedAverageNumberOfSharesOutstandingBasic 46.75M shares 1 Quarter
Basic weighted average shares WeightedAverageNumberOfSharesOutstandingBasic 46.05M shares 1 Quarter
Diluted weighted average shares WeightedAverageNumberOfDilutedSharesOutstanding 47.26M shares 1 Quarter
Diluted weighted average shares WeightedAverageNumberOfDilutedSharesOutstanding 46.99M shares 1 Quarter
Cash Flow Statement 61 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $33.47M USD 1 Quarter
Net income ProfitLoss $30.11M USD 1 Quarter
Depreciation and amortization Depreciation $7.50M USD 1 Quarter
Depreciation and amortization Depreciation $6.49M USD 1 Quarter
Amortization of non-vested stock grants, net of forfeitures RestrictedStockExpense $1.50M USD 1 Quarter
Amortization of non-vested stock grants, net of forfeitures RestrictedStockExpense $1.62M USD 1 Quarter
Stock option compensation expense StockOptionPlanExpense $16.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-600.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-562.00K USD 1 Quarter
Other OtherNoncashIncomeExpense $-311.00K USD 1 Quarter
Other OtherNoncashIncomeExpense $-11.00K USD 1 Quarter
Receivables IncreaseDecreaseInReceivables $-759.00K USD 1 Quarter
Receivables IncreaseDecreaseInReceivables $-1.58M USD 1 Quarter
Inventory IncreaseDecreaseInInventories $-3.45M USD 1 Quarter
Inventory IncreaseDecreaseInInventories $1.27M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $7.87M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $7.35M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $11.18M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $9.74M USD 1 Quarter
Accrued employee compensation IncreaseDecreaseInEmployeeRelatedLiabilities $-20.74M USD 1 Quarter
Accrued employee compensation IncreaseDecreaseInEmployeeRelatedLiabilities $-24.77M USD 1 Quarter
Accrued store operating expenses IncreaseDecreaseInOtherAccruedLiabilities $-330.00K USD 1 Quarter
Accrued store operating expenses IncreaseDecreaseInOtherAccruedLiabilities $-474.00K USD 1 Quarter
Gift certificates redeemable IncreaseDecreaseInGiftCardLiability $-4.30M USD 1 Quarter
Gift certificates redeemable IncreaseDecreaseInGiftCardLiability $-3.27M USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $18.62M USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $15.38M USD 1 Quarter
Deferred rent liabilities and deferred compensation IncreaseDecreaseInDeferredCompensationLiabilityAndIncentiveFromLessor $1.19M USD 1 Quarter
Deferred rent liabilities and deferred compensation IncreaseDecreaseInDeferredCompensationLiabilityAndIncentiveFromLessor $1.14M USD 1 Quarter
Net cash flows from operating activities NetCashProvidedByUsedInOperatingActivities $33.61M USD 1 Quarter
Net cash flows from operating activities NetCashProvidedByUsedInOperatingActivities $38.93M USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $20.70M USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $10.59M USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $14.00K USD 1 Quarter
Change in other assets PaymentsForProceedsFromOtherInvestingActivities $4.00K USD 1 Quarter
Purchases of investments PaymentsToAcquireMarketableSecurities $2.11M USD 1 Quarter
Purchases of investments PaymentsToAcquireMarketableSecurities $15.24M USD 1 Quarter
Proceeds from sales / maturities of investments ProceedsFromSaleAndMaturityOfMarketableSecurities $4.52M USD 1 Quarter
Proceeds from sales / maturities of investments ProceedsFromSaleAndMaturityOfMarketableSecurities $6.09M USD 1 Quarter
Net cash flows from investing activities NetCashProvidedByUsedInInvestingActivities $-8.18M USD 1 Quarter
Net cash flows from investing activities NetCashProvidedByUsedInInvestingActivities $-29.84M USD 1 Quarter
Proceeds from the exercise of stock options ProceedsFromStockOptionsExercised $513.00K USD 1 Quarter
Proceeds from the exercise of stock options ProceedsFromStockOptionsExercised $471.00K USD 1 Quarter
Excess tax benefit from stock option exercises ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $1.17M USD 1 Quarter
Excess tax benefit from stock option exercises ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $1.02M USD 1 Quarter
Payment of dividends PaymentsOfDividendsCommonStock $9.46M USD 1 Quarter
Payment of dividends PaymentsOfDividendsCommonStock $9.34M USD 1 Quarter
Net cash flows from financing activities NetCashProvidedByUsedInFinancingActivities $-7.70M USD 1 Quarter
Net cash flows from financing activities NetCashProvidedByUsedInFinancingActivities $-7.93M USD 1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $22.82M USD 1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $-3.92M USD 1 Quarter
CASH AND CASH EQUIVALENTS, Beginning of period CashAndCashEquivalentsAtCarryingValue $139.29M USD Point-in-time
CASH AND CASH EQUIVALENTS, Beginning of period CashAndCashEquivalentsAtCarryingValue $131.42M USD Point-in-time
CASH AND CASH EQUIVALENTS, Beginning of period CashAndCashEquivalentsAtCarryingValue $135.34M USD Point-in-time
CASH AND CASH EQUIVALENTS, Beginning of period CashAndCashEquivalentsAtCarryingValue $162.46M USD Point-in-time
CASH AND CASH EQUIVALENTS, Beginning of period CashAndCashEquivalentsAtCarryingValue $116.47M USD Point-in-time
CASH AND CASH EQUIVALENTS, End of period CashAndCashEquivalentsAtCarryingValue $139.29M USD Point-in-time
CASH AND CASH EQUIVALENTS, End of period CashAndCashEquivalentsAtCarryingValue $131.42M USD Point-in-time
CASH AND CASH EQUIVALENTS, End of period CashAndCashEquivalentsAtCarryingValue $135.34M USD Point-in-time
CASH AND CASH EQUIVALENTS, End of period CashAndCashEquivalentsAtCarryingValue $162.46M USD Point-in-time
CASH AND CASH EQUIVALENTS, End of period CashAndCashEquivalentsAtCarryingValue $116.47M USD Point-in-time
Stockholders Equity 23 line items
Line Item Tag Value Unit Period
Dividends paid on common stock, per share CommonStockDividendsPerShareCashPaid $0.20 USD 1 Quarter
Dividends paid on common stock, per share CommonStockDividendsPerShareCashPaid $0.20 USD 1 Quarter
Balance, value StockholdersEquity $372.87M USD Point-in-time
Balance, value StockholdersEquity $345.67M USD Point-in-time
Balance, value StockholdersEquity $354.26M USD Point-in-time
Balance, value StockholdersEquity $378.26M USD Point-in-time
Net income NetIncomeLoss $33.47M USD 1 Quarter
Net income NetIncomeLoss $30.11M USD 1 Quarter
Dividends paid on common stock DividendsCommonStockCash $9.46M USD 1 Quarter
Dividends paid on common stock DividendsCommonStockCash $9.34M USD 1 Quarter
Common stock issued on exercise of stock options, value StockIssuedDuringPeriodValueStockOptionsExercised $513.00K USD 1 Quarter
Common stock issued on exercise of stock options, value StockIssuedDuringPeriodValueStockOptionsExercised $471.00K USD 1 Quarter
Amortization of non-vested stock grants, net of forfeitures AdjustmentsToAdditionalPaidInCapitalRestrictedStockAwardCompensationRequisiteServicePeriodRecognitionValue $1.62M USD 1 Quarter
Amortization of non-vested stock grants, net of forfeitures AdjustmentsToAdditionalPaidInCapitalRestrictedStockAwardCompensationRequisiteServicePeriodRecognitionValue $1.50M USD 1 Quarter
Stock option compensation expense AdjustmentsToAdditionalPaidInCapitalStockOptionCompensationRequisiteServicePeriodRecognitionValue $16.00K USD 1 Quarter
Income tax benefit related to exercise of stock options AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation $1.21M USD 1 Quarter
Income tax benefit related to exercise of stock options AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation $1.05M USD 1 Quarter
Unrealized loss on investments, net of tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $34.00K USD 1 Quarter
Unrealized loss on investments, net of tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $21.00K USD 1 Quarter
Balance, value StockholdersEquity $372.87M USD Point-in-time
Balance, value StockholdersEquity $345.67M USD Point-in-time
Balance, value StockholdersEquity $354.26M USD Point-in-time
Balance, value StockholdersEquity $378.26M USD Point-in-time

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

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