10-Q Filing

BUCKLE INC CIK: 885245 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001157523-12-003236`
Period End Date	20120430
Filing Date	20120607
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	bke-20120428.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 30 Cash Flow Statement 57 Stockholders Equity 22 Comprehensive Income 8

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	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
Common stock, shares issued	`CommonStockSharesIssued`	47.92M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$186.69M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$139.29M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	47.43M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$116.47M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$166.51M	USD	Point-in-time
Short-term investments	`MarketableSecuritiesCurrent`	$30.00M	USD	Point-in-time
Short-term investments	`MarketableSecuritiesCurrent`	$33.42M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	47.43M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	47.92M	shares	Point-in-time
Receivables	`ReceivablesNetCurrent`	$4.58M	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$3.95M	USD	Point-in-time
Inventory	`InventoryNet`	$97.04M	USD	Point-in-time
Inventory	`InventoryNet`	$104.21M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.82M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$15.76M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$320.13M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$336.87M	USD	Point-in-time
PROPERTY AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$358.87M	USD	Point-in-time
PROPERTY AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$367.24M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$189.83M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$196.37M	USD	Point-in-time
PROPERTY AND EQUIPMENT, Net	`PropertyPlantAndEquipmentNet`	$170.87M	USD	Point-in-time
PROPERTY AND EQUIPMENT, Net	`PropertyPlantAndEquipmentNet`	$169.03M	USD	Point-in-time
LONG-TERM INVESTMENTS	`MarketableSecuritiesNoncurrent`	$39.98M	USD	Point-in-time
LONG-TERM INVESTMENTS	`MarketableSecuritiesNoncurrent`	$39.81M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$2.39M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$2.39M	USD	Point-in-time
Total assets	`Assets`	$549.94M	USD	Point-in-time
Total assets	`Assets`	$531.54M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$27.42M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$33.16M	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrent`	$16.43M	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrent`	$42.85M	USD	Point-in-time
Accrued store operating expenses	`OtherAccruedLiabilitiesCurrent`	$9.29M	USD	Point-in-time
Accrued store operating expenses	`OtherAccruedLiabilitiesCurrent`	$11.12M	USD	Point-in-time
Gift certificates redeemable	`AccruedLiabilitiesForUnredeeemedGiftCards`	$20.29M	USD	Point-in-time
Gift certificates redeemable	`AccruedLiabilitiesForUnredeeemedGiftCards`	$15.36M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$17.12M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$8.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$109.83M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$91.36M	USD	Point-in-time
DEFERRED COMPENSATION	`DeferredCompensationLiabilityClassifiedNoncurrent`	$9.86M	USD	Point-in-time
DEFERRED COMPENSATION	`DeferredCompensationLiabilityClassifiedNoncurrent`	$8.58M	USD	Point-in-time
DEFERRED RENT LIABILITY	`IncentiveFromLessor`	$37.65M	USD	Point-in-time
DEFERRED RENT LIABILITY	`IncentiveFromLessor`	$36.50M	USD	Point-in-time
OTHER LIABILITIES	`DeferredTaxLiabilitiesNoncurrent`	$13.08M	USD	Point-in-time
OTHER LIABILITIES	`DeferredTaxLiabilitiesNoncurrent`	$13.48M	USD	Point-in-time
Total liabilities	`Liabilities`	$151.95M	USD	Point-in-time
Total liabilities	`Liabilities`	$168.39M	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; 47,921,437 and 47,432,089 shares issued and outstanding at April 28, 2012 and January 28, 2012, respectively	`CommonStockValue`	$479.00K	USD	Point-in-time
Common stock, authorized 100,000,000 shares of $.01 par value; 47,921,437 and 47,432,089 shares issued and outstanding at April 28, 2012 and January 28, 2012, respectively	`CommonStockValue`	$474.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$100.33M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$106.95M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$291.26M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$263.04M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-699.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-701.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$397.99M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$363.15M	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 liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$549.94M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$531.54M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
SALES, Net of returns and allowances	`SalesRevenueNet`	$240.09M	USD	1 Quarter
SALES, Net of returns and allowances	`SalesRevenueNet`	$263.76M	USD	1 Quarter
COST OF SALES (Including buying, distribution, and occupancy costs)	`CostOfMerchandiseSalesBuyingAndOccupancyCosts`	$137.15M	USD	1 Quarter
COST OF SALES (Including buying, distribution, and occupancy costs)	`CostOfMerchandiseSalesBuyingAndOccupancyCosts`	$149.57M	USD	1 Quarter
Gross profit	`GrossProfit`	$102.94M	USD	1 Quarter
Gross profit	`GrossProfit`	$114.19M	USD	1 Quarter
Selling	`RetailSellingAndMarketingExpense`	$42.73M	USD	1 Quarter
Selling	`RetailSellingAndMarketingExpense`	$46.27M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.86M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.90M	USD	1 Quarter
Total selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$56.17M	USD	1 Quarter
Total selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$51.59M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$58.02M	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`	$1.81M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$52.97M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$59.83M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$19.50M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$22.02M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$33.47M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$37.81M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.72	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.80	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.79	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.71	USD	1 Quarter
Basic weighted average shares	`WeightedAverageNumberOfSharesOutstandingBasic`	46.75M	shares	1 Quarter
Basic weighted average shares	`WeightedAverageNumberOfSharesOutstandingBasic`	47.22M	shares	1 Quarter
Diluted weighted average shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.26M	shares	1 Quarter
Diluted weighted average shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.60M	shares	1 Quarter

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
NET INCOME	`NetIncomeLoss`	$33.47M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$37.81M	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$7.50M	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$7.89M	USD	1 Quarter
Amortization of non-vested stock grants, net of forfeitures	`RestrictedStockExpense`	$2.14M	USD	1 Quarter
Amortization of non-vested stock grants, net of forfeitures	`RestrictedStockExpense`	$1.62M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-600.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-791.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-311.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-211.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-515.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-1.58M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-7.17M	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`	$557.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$9.74M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.58M	USD	1 Quarter
Accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-26.43M	USD	1 Quarter
Accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-20.74M	USD	1 Quarter
Accrued store operating expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$-330.00K	USD	1 Quarter
Accrued store operating expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$-1.83M	USD	1 Quarter
Gift certificates redeemable	`IncreaseDecreaseInGiftCardLiability`	$-4.92M	USD	1 Quarter
Gift certificates redeemable	`IncreaseDecreaseInGiftCardLiability`	$-4.30M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$18.62M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$9.55M	USD	1 Quarter
Deferred rent liabilities and deferred compensation	`IncreaseDecreaseInDeferredCompensationLiabilityAndIncentiveFromLessor`	$1.19M	USD	1 Quarter
Deferred rent liabilities and deferred compensation	`IncreaseDecreaseInDeferredCompensationLiabilityAndIncentiveFromLessor`	$2.42M	USD	1 Quarter
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$38.93M	USD	1 Quarter
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$37.76M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.59M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.77M	USD	1 Quarter
Change in other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$4.00K	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$5.72M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$2.11M	USD	1 Quarter
Proceeds from sales/maturities of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$4.52M	USD	1 Quarter
Proceeds from sales/maturities of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$2.47M	USD	1 Quarter
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-8.18M	USD	1 Quarter
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-12.02M	USD	1 Quarter
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$317.00K	USD	1 Quarter
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$513.00K	USD	1 Quarter
Excess tax benefit from stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$3.71M	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`	$9.58M	USD	1 Quarter
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-5.56M	USD	1 Quarter
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-7.93M	USD	1 Quarter
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$22.82M	USD	1 Quarter
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$20.18M	USD	1 Quarter
CASH AND CASH EQUIVALENTS, Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$186.69M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$139.29M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$116.47M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$166.51M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, End of period	`CashAndCashEquivalentsAtCarryingValue`	$186.69M	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`	$116.47M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, End of period	`CashAndCashEquivalentsAtCarryingValue`	$166.51M	USD	Point-in-time

Stockholders Equity 22 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	`StockholdersEquity`	$397.99M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$363.15M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$372.87M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$345.67M	USD	Point-in-time
NET INCOME	`NetIncomeLoss`	$33.47M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$37.81M	USD	1 Quarter
Dividends paid on common stock	`DividendsCommonStockCash`	$9.58M	USD	1 Quarter
Dividends paid on common stock	`DividendsCommonStockCash`	$9.46M	USD	1 Quarter
Common stock issued on exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$317.00K	USD	1 Quarter
Common stock issued on exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$513.00K	USD	1 Quarter
Amortization of non-vested stock grants, net of forfeitures	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$1.62M	USD	1 Quarter
Amortization of non-vested stock grants, net of forfeitures	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$2.14M	USD	1 Quarter
Income tax benefit related to exercise of stock options	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$1.05M	USD	1 Quarter
Income tax benefit related to exercise of stock options	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$4.17M	USD	1 Quarter
Change in unrealized loss on investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$21.00K	USD	1 Quarter
Change in unrealized loss on investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-2.00K	USD	1 Quarter
BALANCE	`StockholdersEquity`	$397.99M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$363.15M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$372.87M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$345.67M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
NET INCOME	`NetIncomeLoss`	$33.47M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$37.81M	USD	1 Quarter
Change in unrealized loss on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$21.00K	USD	1 Quarter
Change in unrealized loss on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-2.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-2.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$21.00K	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$33.49M	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$37.81M	USD	1 Quarter

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