10-Q Filing

SPORTSMAN'S WAREHOUSE HOLDINGS, INC. CIK: 1132105 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001558370-16-008060`
Period End Date	20160731
Filing Date	20160819
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	spwh-20160730.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 52 Cash Flow Statement 64

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$583.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.11M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.75M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.58M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$309.00K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$469.00K	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
Merchandise inventories	`RetailRelatedInventory`	$265.72M	USD	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
Merchandise inventories	`RetailRelatedInventory`	$217.79M	USD	Point-in-time
Deferred income taxes, current	`DeferredTaxAssetsLiabilitiesNetCurrent`	$3.00M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	42.24M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	42.00M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$6.84M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$9.34M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$232.71M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	42.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$275.45M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$82.40M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$62.43M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$2.26M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$4.98M	USD	Point-in-time
Definite lived intangibles, net	`FiniteLivedIntangibleAssetsNet`	$3.02M	USD	Point-in-time
Definite lived intangibles, net	`FiniteLivedIntangibleAssetsNet`	$3.92M	USD	Point-in-time
Total assets	`Assets`	$301.33M	USD	Point-in-time
Total assets	`Assets`	$365.84M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$46.70M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$70.53M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$42.48M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$48.89M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$1.78M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$2.17M	USD	Point-in-time
Revolving line of credit	`LinesOfCreditCurrent`	$66.07M	USD	Point-in-time
Revolving line of credit	`LinesOfCreditCurrent`	$25.26M	USD	Point-in-time
Current portion of long-term debt, net of discount and debt issuance costs	`LongTermDebtCurrent`	$8.68M	USD	Point-in-time
Current portion of long-term debt, net of discount and debt issuance costs	`LongTermDebtCurrent`	$983.00K	USD	Point-in-time
Current portion of deferred rent	`DeferredRentCreditCurrent`	$2.86M	USD	Point-in-time
Current portion of deferred rent	`DeferredRentCreditCurrent`	$3.02M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$127.92M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$191.49M	USD	Point-in-time
Long-term debt, net of discount, debt issuance costs, and current portion	`LongTermDebtNoncurrent`	$146.33M	USD	Point-in-time
Long-term debt, net of discount, debt issuance costs, and current portion	`LongTermDebtNoncurrent`	$134.03M	USD	Point-in-time
Deferred rent, noncurrent	`DeferredRentCreditNoncurrent`	$33.18M	USD	Point-in-time
Deferred rent, noncurrent	`DeferredRentCreditNoncurrent`	$29.13M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$167.21M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$175.47M	USD	Point-in-time
Total liabilities	`Liabilities`	$358.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$303.39M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $.01 par value; 20,000 shares authorized; 0 shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value; 20,000 shares authorized; 0 shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.01 par value; 100,000 shares authorized; 42,245 and 42,004 shares issued and outstanding, respectively	`CommonStockValue`	$420.00K	USD	Point-in-time
Common stock, $.01 par value; 100,000 shares authorized; 42,245 and 42,004 shares issued and outstanding, respectively	`CommonStockValue`	$422.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$77.76M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$78.34M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-80.24M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-71.62M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$7.14M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-2.06M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$301.33M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$365.84M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$306.09M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$189.80M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$166.94M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$341.42M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$204.94M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$108.93M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$226.76M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$123.62M	USD	1 Quarter
Gross profit	`GrossProfit`	$101.15M	USD	2 Qtrs
Gross profit	`GrossProfit`	$66.19M	USD	1 Quarter
Gross profit	`GrossProfit`	$58.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$114.66M	USD	2 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$41.22M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$49.51M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$95.63M	USD	2 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$83.12M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$19.03M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$16.79M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$16.67M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$18.03M	USD	2 Qtrs
Interest expense	`InterestExpense`	$6.73M	USD	2 Qtrs
Interest expense	`InterestExpense`	$3.45M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.14M	USD	1 Quarter
Interest expense	`InterestExpense`	$6.91M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$11.13M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$13.53M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$13.34M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$12.30M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$4.29M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$5.14M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$5.23M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$3.68M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$6.84M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$8.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.62M	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.20	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.16	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.20	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.20	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.19	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.16	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.20	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.20	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.12M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.00M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	41.93M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.22M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.41M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.34M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.24M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.49M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$6.84M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$8.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.62M	USD	2 Qtrs
Depreciation of property and equipment	`Depreciation`	$4.63M	USD	2 Qtrs
Depreciation of property and equipment	`Depreciation`	$5.57M	USD	2 Qtrs
Amortization of discount on debt and deferred financing fees	`AmortizationOfFinancingCostsAndDiscounts`	$362.00K	USD	2 Qtrs
Amortization of discount on debt and deferred financing fees	`AmortizationOfFinancingCostsAndDiscounts`	$549.00K	USD	2 Qtrs
Amortization of definite lived intangible	`AmortizationOfIntangibleAssets`	$902.00K	USD	2 Qtrs
Amortization of definite lived intangible	`AmortizationOfIntangibleAssets`	$902.00K	USD	2 Qtrs
Net increase in deferred rent	`AmortizationOfLeaseIncentives`	$3.88M	USD	2 Qtrs
Net increase in deferred rent	`AmortizationOfLeaseIncentives`	$705.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.95M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$288.00K	USD	2 Qtrs
Excess tax benefits from stock-based compensation arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$283.00K	USD	2 Qtrs
Excess tax benefits from stock-based compensation arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$449.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.08M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.56M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-160.00K	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-6.00K	USD	2 Qtrs
Merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$49.54M	USD	2 Qtrs
Merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$47.92M	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.33M	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.41M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$31.71M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$23.83M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-4.25M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$174.00K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$837.00K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$1.81M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$399.00K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-734.00K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$23.39M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$19.41M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-19.41M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-23.39M	USD	2 Qtrs
Net borrowings on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$6.46M	USD	2 Qtrs
Net borrowings on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$40.81M	USD	2 Qtrs
Increase in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$4.10M	USD	2 Qtrs
Increase in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$14.07M	USD	2 Qtrs
Issuance of common stock per employee stock purchase plan	`ProceedsFromIssuanceOfCommonStockPerEmployeeStockPurchasePlan`	$258.00K	USD	2 Qtrs
Excess tax benefits from stock-based compensation arrangements	`ProceedsAndExcessTaxBenefitFromSharebasedCompensation`	$283.00K	USD	2 Qtrs
Payment of withholdings on restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.23M	USD	2 Qtrs
Payment of withholdings on restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.04M	USD	2 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$20.47M	USD	2 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$800.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$23.46M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$18.98M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$469.00K	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.17M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$583.00K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.11M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.75M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.58M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$583.00K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.11M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.75M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.58M	USD	Point-in-time
Interest	`InterestPaid`	$6.42M	USD	2 Qtrs
Interest	`InterestPaid`	$5.89M	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$521.00K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$4.71M	USD	2 Qtrs
Purchases of property and equipment included in accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$1.86M	USD	2 Qtrs
Purchases of property and equipment included in accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$3.23M	USD	2 Qtrs

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