10-Q Filing

BUCKLE INC CIK: 885245 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001157523-13-003063`
Period End Date	20130430
Filing Date	20130612
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	bke-20130504.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 30 Cash Flow Statement 55 Stockholders Equity 21 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`	48.06M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$117.61M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$166.51M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$116.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$186.69M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	48.32M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	48.32M	shares	Point-in-time
Short-term investments	`MarketableSecuritiesCurrent`	$27.57M	USD	Point-in-time
Short-term investments	`MarketableSecuritiesCurrent`	$26.41M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	48.06M	shares	Point-in-time
Receivables	`ReceivablesNetCurrent`	$3.47M	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$4.18M	USD	Point-in-time
Inventory	`InventoryNet`	$103.85M	USD	Point-in-time
Inventory	`InventoryNet`	$105.89M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$26.51M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$25.53M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$276.87M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$280.74M	USD	Point-in-time
PROPERTY AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$383.90M	USD	Point-in-time
PROPERTY AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$373.29M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$217.40M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$210.18M	USD	Point-in-time
PROPERTY AND EQUIPMENT, Net	`PropertyPlantAndEquipmentNet`	$166.50M	USD	Point-in-time
PROPERTY AND EQUIPMENT, Net	`PropertyPlantAndEquipmentNet`	$163.10M	USD	Point-in-time
LONG-TERM INVESTMENTS	`MarketableSecuritiesNoncurrent`	$35.73M	USD	Point-in-time
LONG-TERM INVESTMENTS	`MarketableSecuritiesNoncurrent`	$36.09M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$2.26M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$2.27M	USD	Point-in-time
Total assets	`Assets`	$477.97M	USD	Point-in-time
Total assets	`Assets`	$485.61M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$40.75M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$34.12M	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrent`	$13.44M	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrent`	$42.18M	USD	Point-in-time
Accrued store operating expenses	`OtherAccruedLiabilitiesCurrent`	$10.70M	USD	Point-in-time
Accrued store operating expenses	`OtherAccruedLiabilitiesCurrent`	$10.12M	USD	Point-in-time
Gift certificates redeemable	`AccruedLiabilitiesForUnredeeemedGiftCards`	$22.22M	USD	Point-in-time
Gift certificates redeemable	`AccruedLiabilitiesForUnredeeemedGiftCards`	$17.67M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$21.06M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$20.31M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$103.62M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$128.96M	USD	Point-in-time
DEFERRED COMPENSATION	`DeferredCompensationLiabilityClassifiedNoncurrent`	$10.60M	USD	Point-in-time
DEFERRED COMPENSATION	`DeferredCompensationLiabilityClassifiedNoncurrent`	$11.89M	USD	Point-in-time
DEFERRED RENT LIABILITY	`IncentiveFromLessor`	$36.95M	USD	Point-in-time
DEFERRED RENT LIABILITY	`IncentiveFromLessor`	$38.44M	USD	Point-in-time
OTHER LIABILITIES	`DeferredTaxLiabilitiesNoncurrent`	$11.82M	USD	Point-in-time
OTHER LIABILITIES	`DeferredTaxLiabilitiesNoncurrent`	$11.33M	USD	Point-in-time
Total liabilities	`Liabilities`	$165.28M	USD	Point-in-time
Total liabilities	`Liabilities`	$188.32M	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; 48,322,955 and 48,059,269 shares issued and outstanding at May 4, 2013 and February 2, 2013, respectively	`CommonStockValue`	$483.00K	USD	Point-in-time
Common stock, authorized 100,000,000 shares of $.01 par value; 48,322,955 and 48,059,269 shares issued and outstanding at May 4, 2013 and February 2, 2013, respectively	`CommonStockValue`	$481.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$117.39M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$120.17M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$172.71M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$200.60M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-934.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-926.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$320.32M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$289.65M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$363.15M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$397.99M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$485.61M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$477.97M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
SALES, Net of returns and allowances	`SalesRevenueNet`	$269.71M	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`	$152.71M	USD	1 Quarter
COST OF SALES (Including buying, distribution, and occupancy costs)	`CostOfMerchandiseSalesBuyingAndOccupancyCosts`	$149.57M	USD	1 Quarter
Gross profit	`GrossProfit`	$117.01M	USD	1 Quarter
Gross profit	`GrossProfit`	$114.19M	USD	1 Quarter
Selling	`RetailSellingAndMarketingExpense`	$47.29M	USD	1 Quarter
Selling	`RetailSellingAndMarketingExpense`	$46.27M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.90M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$10.46M	USD	1 Quarter
Total selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$56.17M	USD	1 Quarter
Total selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$57.75M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$58.02M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$59.26M	USD	1 Quarter
OTHER INCOME, Net	`NonoperatingIncomeExpense`	$1.81M	USD	1 Quarter
OTHER INCOME, Net	`NonoperatingIncomeExpense`	$350.00K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$59.61M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$59.83M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$22.05M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$22.02M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$37.81M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$37.55M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.80	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.79	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.78	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.79	USD	1 Quarter
Basic weighted average shares	`WeightedAverageNumberOfSharesOutstandingBasic`	47.70M	shares	1 Quarter
Basic weighted average shares	`WeightedAverageNumberOfSharesOutstandingBasic`	47.22M	shares	1 Quarter
Diluted weighted average shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.60M	shares	1 Quarter
Diluted weighted average shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.93M	shares	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
NET INCOME	`NetIncomeLoss`	$37.81M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$37.55M	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$7.89M	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$7.89M	USD	1 Quarter
Amortization of non-vested stock grants, net of forfeitures	`RestrictedStockExpense`	$2.58M	USD	1 Quarter
Amortization of non-vested stock grants, net of forfeitures	`RestrictedStockExpense`	$2.14M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-791.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-956.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-211.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-17.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$847.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-515.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-7.17M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$2.04M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$519.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$557.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.58M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$6.47M	USD	1 Quarter
Accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-26.43M	USD	1 Quarter
Accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-28.75M	USD	1 Quarter
Accrued store operating expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$-1.83M	USD	1 Quarter
Accrued store operating expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$582.00K	USD	1 Quarter
Gift certificates redeemable	`IncreaseDecreaseInGiftCardLiability`	$-4.92M	USD	1 Quarter
Gift certificates redeemable	`IncreaseDecreaseInGiftCardLiability`	$-4.55M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$9.55M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$922.00K	USD	1 Quarter
Deferred rent liabilities and deferred compensation	`IncreaseDecreaseInDeferredCompensationLiabilityAndIncentiveFromLessor`	$2.42M	USD	1 Quarter
Deferred rent liabilities and deferred compensation	`IncreaseDecreaseInDeferredCompensationLiabilityAndIncentiveFromLessor`	$2.78M	USD	1 Quarter
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$21.14M	USD	1 Quarter
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$37.76M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.77M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.16M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$5.72M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$7.12M	USD	1 Quarter
Proceeds from sales/maturities of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$5.62M	USD	1 Quarter
Proceeds from sales/maturities of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$2.47M	USD	1 Quarter
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-12.66M	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
Excess tax benefit from stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$3.71M	USD	1 Quarter
Excess tax benefit from stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$173.00K	USD	1 Quarter
Payment of dividends	`PaymentsOfDividendsCommonStock`	$9.66M	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`	$-9.49M	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.01M	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$20.18M	USD	1 Quarter
CASH AND CASH EQUIVALENTS, Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$117.61M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$166.51M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$116.60M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$186.69M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, End of period	`CashAndCashEquivalentsAtCarryingValue`	$117.61M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, End of period	`CashAndCashEquivalentsAtCarryingValue`	$166.51M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, End of period	`CashAndCashEquivalentsAtCarryingValue`	$116.60M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, End of period	`CashAndCashEquivalentsAtCarryingValue`	$186.69M	USD	Point-in-time

Stockholders Equity 21 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`	$320.32M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$289.65M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$363.15M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$397.99M	USD	Point-in-time
NET INCOME	`NetIncomeLoss`	$37.81M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$37.55M	USD	1 Quarter
Dividends paid on common stock	`DividendsCommonStockCash`	$9.58M	USD	1 Quarter
Dividends paid on common stock	`DividendsCommonStockCash`	$9.66M	USD	1 Quarter
Common stock issued on exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$317.00K	USD	1 Quarter
Amortization of non-vested stock grants, net of forfeitures	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$2.58M	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`	$197.00K	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`	$8.00K	USD	1 Quarter
Change in unrealized loss on investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-2.00K	USD	1 Quarter
BALANCE	`StockholdersEquity`	$320.32M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$289.65M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$363.15M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$397.99M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
NET INCOME	`NetIncomeLoss`	$37.81M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$37.55M	USD	1 Quarter
Change in unrealized loss on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-2.00K	USD	1 Quarter
Change in unrealized loss on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$8.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-2.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$8.00K	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$37.81M	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$37.56M	USD	1 Quarter

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