10-Q Filing

HHGREGG, INC. CIK: 1396279 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001396279-16-000201`
Period End Date	20160630
Filing Date	20160804
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	hgg-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 34 Cash Flow Statement 66 Stockholders Equity 7

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable-trade, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.00K	USD	Point-in-time
Accounts receivable-trade, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.00K	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$30.40M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$9.74M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.21M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.70M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Accounts receivabletrade, less allowances of $3 and $5 as of June 30, 2016 and March 31, 2016, respectively	`AccountsReceivableNetCurrent`	$11.11M	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
Accounts receivabletrade, less allowances of $3 and $5 as of June 30, 2016 and March 31, 2016, respectively	`AccountsReceivableNetCurrent`	$17.13M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivableother	`OtherReceivables`	$14.94M	USD	Point-in-time
Accounts receivableother	`OtherReceivables`	$18.67M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	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
Merchandise inventories, net	`InventoryNet`	$292.02M	USD	Point-in-time
Merchandise inventories, net	`InventoryNet`	$256.56M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.33M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.02M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	41.29M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.13M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.11M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	41.20M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$293.77M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	27.79M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	27.71M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$340.17M	USD	Point-in-time
Common stock held in treasury at cost, shares	`TreasuryStockShares`	13.50M	shares	Point-in-time
Common stock held in treasury at cost, shares	`TreasuryStockShares`	13.50M	shares	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$87.47M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$85.24M	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNoncurrentNet`	$2.43M	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNoncurrentNet`	$1.26M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.85M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.24M	USD	Point-in-time
Total long-term assets	`AssetsNoncurrent`	$90.91M	USD	Point-in-time
Total long-term assets	`AssetsNoncurrent`	$91.58M	USD	Point-in-time
Total assets	`Assets`	$431.08M	USD	Point-in-time
Total assets	`Assets`	$385.35M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$145.38M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$107.47M	USD	Point-in-time
Line of credit	`LineOfCredit`	-	USD	Point-in-time
Line of credit	`LineOfCredit`	-	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$54.68M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$43.23M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$43.37M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$49.47M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$249.53M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$194.08M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$59.10M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$56.60M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$10.38M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$10.82M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$69.92M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$66.98M	USD	Point-in-time
Total liabilities	`Liabilities`	$316.51M	USD	Point-in-time
Total liabilities	`Liabilities`	$264.00M	USD	Point-in-time
Preferred stock, par value $.0001; 10,000,000 shares authorized; no shares issued and outstanding as of June 30, 2016 and March 31, 2016, 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, 2016 and March 31, 2016, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $.0001; 150,000,000 shares authorized; 41,291,415 and 41,204,660 shares issued; and 27,794,733 and 27,707,978 outstanding as of June 30, 2016 and March 31, 2016, respectively	`CommonStockValue`	$4.00K	USD	Point-in-time
Common stock, par value $.0001; 150,000,000 shares authorized; 41,291,415 and 41,204,660 shares issued; and 27,794,733 and 27,707,978 outstanding as of June 30, 2016 and March 31, 2016, respectively	`CommonStockValue`	$4.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$304.32M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$304.76M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-32.75M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-39.97M	USD	Point-in-time
Common stock held in treasury at cost 13,496,682, shares as of June 30, 2016 and March 31, 2016	`TreasuryStockValue`	$150.23M	USD	Point-in-time
Common stock held in treasury at cost 13,496,682, shares as of June 30, 2016 and March 31, 2016	`TreasuryStockValue`	$150.23M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$114.57M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$121.35M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$431.08M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$385.35M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$441.06M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$423.57M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$306.71M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$292.06M	USD	1 Quarter
Gross profit	`GrossProfit`	$131.51M	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`	$108.11M	USD	1 Quarter
Net advertising expense	`AdvertisingExpense`	$22.87M	USD	1 Quarter
Net advertising expense	`AdvertisingExpense`	$23.05M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$8.37M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$6.98M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-8.17M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-6.45M	USD	1 Quarter
Interest expense	`InterestExpense`	$590.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$785.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$5.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$5.00K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-780.00K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-585.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-8.76M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-7.23M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.23M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.76M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.26	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.32	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.32	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.26	USD	1 Quarter
Weighted average shares outstanding-basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	27.68M	shares	1 Quarter
Weighted average shares outstanding-basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	27.74M	shares	1 Quarter
Weighted average shares outstanding-diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.68M	shares	1 Quarter
Weighted average shares outstanding-diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.74M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-7.23M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.76M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$8.37M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$6.98M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$135.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$135.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$898.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$440.00K	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-126.00K	USD	1 Quarter
Gain on sales of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$78.00K	USD	1 Quarter
Gain on sales of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$63.00K	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`	$6.03M	USD	1 Quarter
Accounts receivableother	`IncreaseDecreaseInOtherReceivables`	$-46.00K	USD	1 Quarter
Accounts receivableother	`IncreaseDecreaseInOtherReceivables`	$3.73M	USD	1 Quarter
Merchandise inventories	`IncreaseDecreaseInInventories`	$35.47M	USD	1 Quarter
Merchandise inventories	`IncreaseDecreaseInInventories`	$67.08M	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$19.00K	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-23.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.00M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.65M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$55.08M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$44.91M	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$995.00K	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$11.45M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$6.10M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$5.44M	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$-2.50M	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$-1.85M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-370.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-1.07M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.76M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-16.23M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.91M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.30M	USD	1 Quarter
Proceeds from sales of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$11.00K	USD	1 Quarter
Proceeds from sales of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.00K	USD	1 Quarter
Purchases of corporate-owned life insurance	`PaymentsToAcquireLifeInsurancePolicies`	$68.00K	USD	1 Quarter
Purchases of corporate-owned life insurance	`PaymentsToAcquireLifeInsurancePolicies`	$73.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.37M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.97M	USD	1 Quarter
Net repayments on inventory financing facility	`ProceedsFromRepaymentsOfNetBorrowingsOnInventoryFinancingFacility`	$-59.00K	USD	1 Quarter
Net repayments on inventory financing facility	`ProceedsFromRepaymentsOfNetBorrowingsOnInventoryFinancingFacility`	$-7.84M	USD	1 Quarter
Payment of financing costs	`PaymentsOfFinancingCosts`	$1.44M	USD	1 Quarter
Payment of financing costs	`PaymentsOfFinancingCosts`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-9.27M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-59.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.49M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-20.66M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$30.40M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.74M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.21M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.70M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$30.40M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$9.74M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$1.21M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$3.70M	USD	Point-in-time
Interest paid	`InterestPaid`	$647.00K	USD	1 Quarter
Interest paid	`InterestPaid`	$459.00K	USD	1 Quarter
Income taxes (received) paid	`IncomeTaxesPaidNet`	$-19.00K	USD	1 Quarter
Income taxes (received) paid	`IncomeTaxesPaidNet`	$23.00K	USD	1 Quarter
Capital expenditures included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$1.35M	USD	1 Quarter
Capital expenditures included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$2.10M	USD	1 Quarter

Stockholders Equity 7 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$114.57M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$121.35M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-7.23M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.76M	USD	1 Quarter
Stock compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$440.00K	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$114.57M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$121.35M	USD	Point-in-time

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