10-Q Filing

HHGREGG, INC. CIK: 1396279 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001396279-15-000040`
Period End Date	20150630
Filing Date	20150806
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	hgg-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 34 Cash Flow Statement 68 Stockholders Equity 7

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable-trade, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$19.00K	USD	Point-in-time
Accounts receivable-trade, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$13.00K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.74M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$48.16M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.40M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.15M	USD	Point-in-time
Accounts receivabletrade, less allowances of $13 and $19 as of June 30, 2015 and March 31, 2015, respectively	`AccountsReceivableNetCurrent`	$11.90M	USD	Point-in-time
Accounts receivabletrade, less allowances of $13 and $19 as of June 30, 2015 and March 31, 2015, respectively	`AccountsReceivableNetCurrent`	$17.18M	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
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivableother	`OtherReceivables`	$16.11M	USD	Point-in-time
Accounts receivableother	`OtherReceivables`	$16.71M	USD	Point-in-time
Merchandise inventories, net	`InventoryNet`	$324.55M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Merchandise inventories, net	`InventoryNet`	$257.47M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	150.00M	shares	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.58M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.23M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	41.16M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	41.20M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$5.33M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$5.34M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$383.15M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$328.39M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	27.67M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	27.71M	shares	Point-in-time
Common stock held in treasury at cost, shares	`TreasuryStockShares`	13.50M	shares	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$123.98M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$128.11M	USD	Point-in-time
Common stock held in treasury at cost, shares	`TreasuryStockShares`	13.50M	shares	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNoncurrentNet`	$1.80M	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNoncurrentNet`	$1.66M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$7.82M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$6.49M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.91M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.84M	USD	Point-in-time
Total long-term assets	`AssetsNoncurrent`	$139.24M	USD	Point-in-time
Total long-term assets	`AssetsNoncurrent`	$136.38M	USD	Point-in-time
Total assets	`Assets`	$519.53M	USD	Point-in-time
Total assets	`Assets`	$467.63M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$167.11M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$112.14M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$48.74M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$49.74M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$52.16M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$46.72M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$7.82M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$6.49M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$276.82M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$214.10M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$66.11M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$67.94M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$12.01M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$10.87M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$76.98M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$79.94M	USD	Point-in-time
Total liabilities	`Liabilities`	$353.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$294.04M	USD	Point-in-time
Preferred stock, par value $.0001; 10,000,000 shares authorized; no shares issued and outstanding as of June 30, 2015 and March 31, 2015, 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, 2015 and March 31, 2015, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $.0001; 150,000,000 shares authorized; 41,204,660 and 41,161,753 shares issued; and 27,707,978 and 27,665,071 outstanding as of June 30, 2015 and March 31, 2015, respectively	`CommonStockValue`	$4.00K	USD	Point-in-time
Common stock, par value $.0001; 150,000,000 shares authorized; 41,204,660 and 41,161,753 shares issued; and 27,707,978 and 27,665,071 outstanding as of June 30, 2015 and March 31, 2015, respectively	`CommonStockValue`	$4.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$301.68M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$302.58M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$13.38M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$22.13M	USD	Point-in-time
Common stock held in treasury at cost 13,496,682, shares as of June 30, 2015 and March 31, 2015	`TreasuryStockValue`	$150.23M	USD	Point-in-time
Common stock held in treasury at cost 13,496,682, shares as of June 30, 2015 and March 31, 2015	`TreasuryStockValue`	$150.23M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$173.59M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$165.73M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$519.53M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$467.63M	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`	$441.06M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$306.71M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$331.95M	USD	1 Quarter
Gross profit	`GrossProfit`	$140.34M	USD	1 Quarter
Gross profit	`GrossProfit`	$134.36M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$111.10M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$116.59M	USD	1 Quarter
Net advertising expense	`AdvertisingExpense`	$23.05M	USD	1 Quarter
Net advertising expense	`AdvertisingExpense`	$27.22M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$8.37M	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`	$-8.17M	USD	1 Quarter
Interest expense	`InterestExpense`	$629.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$590.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$5.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$5.00K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-585.00K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-624.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-14.57M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-8.76M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-4.30M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.27M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.76M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.36	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.32	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.36	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.32	USD	1 Quarter
Weighted average shares outstanding-basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	27.68M	shares	1 Quarter
Weighted average shares outstanding-basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	28.44M	shares	1 Quarter
Weighted average shares outstanding-dilutive (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.44M	shares	1 Quarter
Weighted average shares outstanding-dilutive (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.68M	shares	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-10.27M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.76M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.37M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.47M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$135.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$134.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$898.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.47M	USD	1 Quarter
Gain on sales of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$78.00K	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`	-	USD	1 Quarter
Tenant allowances received from landlords	`TenantInducementsFromLandlord`	$580.00K	USD	1 Quarter
Tenant allowances received from landlords	`TenantInducementsFromLandlord`	-	USD	1 Quarter
Accounts receivabletrade	`IncreaseDecreaseInAccountsReceivable`	$5.28M	USD	1 Quarter
Accounts receivabletrade	`IncreaseDecreaseInAccountsReceivable`	$4.91M	USD	1 Quarter
Accounts receivableother	`IncreaseDecreaseInOtherReceivables`	$736.00K	USD	1 Quarter
Accounts receivableother	`IncreaseDecreaseInOtherReceivables`	$-46.00K	USD	1 Quarter
Merchandise inventories	`IncreaseDecreaseInInventories`	$65.71M	USD	1 Quarter
Merchandise inventories	`IncreaseDecreaseInInventories`	$67.08M	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$13.31M	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$19.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.65M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-98.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$55.08M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$24.68M	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$6.88M	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$995.00K	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-122.00K	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$3.67M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$5.44M	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$-1.85M	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$-1.80M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-1.07M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-385.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-40.73M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-16.23M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.43M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.30M	USD	1 Quarter
Proceeds from sales of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$33.00K	USD	1 Quarter
Proceeds from sales of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$11.00K	USD	1 Quarter
Purchases of corporate-owned life insurance	`PaymentsToAcquireLifeInsurancePolicies`	$73.00K	USD	1 Quarter
Purchases of corporate-owned life insurance	`PaymentsToAcquireLifeInsurancePolicies`	$218.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.37M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.62M	USD	1 Quarter
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$976.00K	USD	1 Quarter
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Net (repayments) borrowings on inventory financing facility	`ProceedsFromRepaymentsOfNetBorrowingsOnInventoryFinancingFacility`	$-59.00K	USD	1 Quarter
Net (repayments) borrowings on inventory financing facility	`ProceedsFromRepaymentsOfNetBorrowingsOnInventoryFinancingFacility`	$1.30M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$329.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-59.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-45.02M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-20.66M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.74M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$48.16M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$30.40M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.15M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$9.74M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$48.16M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$30.40M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$3.15M	USD	Point-in-time
Interest paid	`InterestPaid`	$459.00K	USD	1 Quarter
Interest paid	`InterestPaid`	$489.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$19.00K	USD	1 Quarter
Capital expenditures included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$1.35M	USD	1 Quarter
Capital expenditures included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$1.53M	USD	1 Quarter

Stockholders Equity 7 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$173.59M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$165.73M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-10.27M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.76M	USD	1 Quarter
Stock compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$898.00K	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$173.59M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$165.73M	USD	Point-in-time

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