10-Q Filing

HHGREGG, INC. CIK: 1396279 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001396279-14-000033`
Period End Date	20140630
Filing Date	20140731
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	hgg-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 34 Cash Flow Statement 76 Stockholders Equity 9

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable-trade, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$45.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$48.16M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.15M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.12M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$48.59M	USD	Point-in-time
Accounts receivable-trade, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.00K	USD	Point-in-time
Accounts receivabletrade, less allowances of $137 and $132 as of June 30, 2014 and March 31, 2014, respectively	`AccountsReceivableNetCurrent`	$20.03M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Accounts receivabletrade, less allowances of $137 and $132 as of June 30, 2014 and March 31, 2014, respectively	`AccountsReceivableNetCurrent`	$15.12M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Accounts receivableother	`OtherReceivables`	$16.47M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivableother	`OtherReceivables`	$17.24M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Merchandise inventories, net	`InventoryNet`	$364.25M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Merchandise inventories, net	`InventoryNet`	$298.54M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.55M	USD	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.69M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$14.69M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.38M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetCurrent`	-	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetCurrent`	$6.22M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$392.59M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	41.16M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$425.91M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	41.12M	shares	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$193.88M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$188.23M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	28.39M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	28.46M	shares	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNoncurrentNet`	$2.20M	USD	Point-in-time
Common stock held in treasury at cost, shares	`TreasuryStockShares`	12.76M	shares	Point-in-time
Common stock held in treasury at cost, shares	`TreasuryStockShares`	12.66M	shares	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNoncurrentNet`	$2.33M	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetNoncurrent`	$35.18M	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetNoncurrent`	$37.61M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.24M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.98M	USD	Point-in-time
Total long-term assets	`AssetsNoncurrent`	$233.38M	USD	Point-in-time
Total long-term assets	`AssetsNoncurrent`	$230.28M	USD	Point-in-time
Total assets	`Assets`	$625.96M	USD	Point-in-time
Total assets	`Assets`	$656.19M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$167.26M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$140.81M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$48.40M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$41.52M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$54.70M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$50.90M	USD	Point-in-time
Deferred Tax Liabilities, Net, Current	`DeferredTaxLiabilitiesCurrent`	-	USD	Point-in-time
Deferred Tax Liabilities, Net, Current	`DeferredTaxLiabilitiesCurrent`	$5.34M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$122.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$275.69M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$233.34M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$73.49M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$71.73M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$11.54M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$11.99M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$85.48M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$83.27M	USD	Point-in-time
Total liabilities	`Liabilities`	$358.96M	USD	Point-in-time
Total liabilities	`Liabilities`	$318.83M	USD	Point-in-time
Preferred stock, par value $.0001; 10,000,000 shares authorized; no shares issued and outstanding as of June 30, 2014 and March 31, 2014, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $.0001; 10,000,000 shares authorized; no shares issued and outstanding as of June 30, 2014 and March 31, 2014, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $.0001; 150,000,000 shares authorized; 41,158,041 and 41,121,390 shares issued; and 28,394,164 and 28,460,218 outstanding as of June 30, 2014 and March 31, 2014, respectively	`CommonStockValue`	$4.00K	USD	Point-in-time
Common stock, par value $.0001; 150,000,000 shares authorized; 41,158,041 and 41,121,390 shares issued; and 28,394,164 and 28,460,218 outstanding as of June 30, 2014 and March 31, 2014, respectively	`CommonStockValue`	$4.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$298.54M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$297.20M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$154.88M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$144.61M	USD	Point-in-time
Common stock held in treasury at cost, 12,763,877 and 12,661,172 shares as of June 30, 2014 and March 31, 2014, respectively	`TreasuryStockValue`	$145.92M	USD	Point-in-time
Common stock held in treasury at cost, 12,763,877 and 12,661,172 shares as of June 30, 2014 and March 31, 2014, respectively	`TreasuryStockValue`	$144.95M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$297.23M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$307.13M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$656.19M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$625.96M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$472.29M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$524.92M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$331.95M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$370.16M	USD	1 Quarter
Gross profit	`GrossProfit`	$154.76M	USD	1 Quarter
Gross profit	`GrossProfit`	$140.34M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$119.31M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$116.59M	USD	1 Quarter
Net advertising expense	`AdvertisingExpense`	$27.22M	USD	1 Quarter
Net advertising expense	`AdvertisingExpense`	$25.90M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$11.04M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$10.47M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-13.95M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.48M	USD	1 Quarter
Interest expense	`InterestExpense`	$604.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$629.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$5.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$5.00K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-624.00K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-599.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.08M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-14.57M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-817.00K	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-4.30M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.26M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.27M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.04	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.36	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.04	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.36	USD	1 Quarter
Weighted average shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	31.26M	shares	1 Quarter
Weighted average shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	28.44M	shares	1 Quarter
Weighted average shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.44M	shares	1 Quarter
Weighted average shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.26M	shares	1 Quarter

Cash Flow Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.26M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.27M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.04M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.47M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$134.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$166.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.45M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.47M	USD	1 Quarter
Excess tax deficiency from stock based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	-	USD	1 Quarter
Excess tax deficiency from stock based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$-37.00K	USD	1 Quarter
Gain on sales of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Gain on sales of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$27.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$9.13M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-779.00K	USD	1 Quarter
Tenant allowances received from landlords	`TenantInducementsFromLandlord`	$555.00K	USD	1 Quarter
Tenant allowances received from landlords	`TenantInducementsFromLandlord`	-	USD	1 Quarter
Accounts receivabletrade	`IncreaseDecreaseInAccountsReceivable`	$4.91M	USD	1 Quarter
Accounts receivabletrade	`IncreaseDecreaseInAccountsReceivable`	$13.14M	USD	1 Quarter
Accounts receivableother	`IncreaseDecreaseInOtherReceivables`	$736.00K	USD	1 Quarter
Accounts receivableother	`IncreaseDecreaseInOtherReceivables`	$-505.00K	USD	1 Quarter
Merchandise inventories	`IncreaseDecreaseInInventories`	$65.71M	USD	1 Quarter
Merchandise inventories	`IncreaseDecreaseInInventories`	$33.95M	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$13.31M	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$1.27M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-98.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$244.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$10.19M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$24.68M	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$6.88M	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$8.52M	USD	1 Quarter
Increase (Decrease) in Income Taxes Payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-2.15M	USD	1 Quarter
Increase (Decrease) in Income Taxes Payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-122.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$5.44M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$3.67M	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$-1.65M	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$-1.80M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-662.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-385.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-17.18M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-40.73M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.43M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.36M	USD	1 Quarter
Proceeds from sales of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from sales of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$33.00K	USD	1 Quarter
Payments to Acquire Life Insurance Policies	`PaymentsToAcquireLifeInsurancePolicies`	$218.00K	USD	1 Quarter
Payments to Acquire Life Insurance Policies	`PaymentsToAcquireLifeInsurancePolicies`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.62M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.36M	USD	1 Quarter
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$10.31M	USD	1 Quarter
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$976.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$2.17M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Excess tax deficiency from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	1 Quarter
Excess tax deficiency from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$-37.00K	USD	1 Quarter
Net decrease in bank overdrafts	`ProceedsFromRepaymentsOfBankOverdrafts`	$-8.40M	USD	1 Quarter
Net decrease in bank overdrafts	`ProceedsFromRepaymentsOfBankOverdrafts`	-	USD	1 Quarter
Net borrowings on inventory financing facility	`ProceedsFromRepaymentsOfNetBorrowingsOnInventoryFinancingFacility`	$13.64M	USD	1 Quarter
Net borrowings on inventory financing facility	`ProceedsFromRepaymentsOfNetBorrowingsOnInventoryFinancingFacility`	$1.30M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.93M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$329.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-25.47M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-45.02M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$48.16M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.15M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$23.12M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$48.59M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$48.16M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$3.15M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$23.12M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$48.59M	USD	Point-in-time
Interest paid	`InterestPaid`	$428.00K	USD	1 Quarter
Interest paid	`InterestPaid`	$489.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$3.38M	USD	1 Quarter
Capital expenditures included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$1.53M	USD	1 Quarter
Capital expenditures included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$2.07M	USD	1 Quarter

Stockholders Equity 9 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$297.23M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$307.13M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-1.26M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.27M	USD	1 Quarter
Exercise of stock options and vesting of RSUs	`StockIssuedDuringPeriodValueStockOptionsExercised`	$-127.00K	USD	1 Quarter
Stock compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.47M	USD	1 Quarter
Repurchase of common stock	`TreasuryStockValueAcquiredCostMethod`	$976.00K	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$297.23M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$307.13M	USD	Point-in-time

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