10-Q Filing

SPORTSMAN'S WAREHOUSE HOLDINGS, INC. CIK: 1132105 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001558370-16-010159`
Period End Date	20161031
Filing Date	20161118
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	spwh-20161029.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 52 Cash Flow Statement 65

Balance Sheet 73 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`	$2.11M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.69M	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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.94M	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
Accounts receivable, net	`AccountsReceivableNetCurrent`	$469.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Merchandise inventories	`RetailRelatedInventory`	$304.04M	USD	Point-in-time
Merchandise inventories	`RetailRelatedInventory`	$217.79M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	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
Deferred income taxes, current	`DeferredTaxAssetsLiabilitiesNetCurrent`	$3.00M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	42.24M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$4.72M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	42.24M	shares	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`	$311.93M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	42.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$62.43M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$83.45M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$2.26M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$4.90M	USD	Point-in-time
Definite lived intangibles, net	`FiniteLivedIntangibleAssetsNet`	$2.57M	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`	$402.85M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$71.41M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$46.70M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$54.17M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$42.48M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$1.28M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$1.78M	USD	Point-in-time
Revolving line of credit	`LinesOfCreditCurrent`	$85.31M	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`	$983.00K	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 deferred rent	`DeferredRentCreditCurrent`	$3.29M	USD	Point-in-time
Current portion of deferred rent	`DeferredRentCreditCurrent`	$3.02M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$216.44M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$127.92M	USD	Point-in-time
Long-term debt, net of discount, debt issuance costs, and current portion	`LongTermDebtNoncurrent`	$133.97M	USD	Point-in-time
Long-term debt, net of discount, debt issuance costs, and current portion	`LongTermDebtNoncurrent`	$146.33M	USD	Point-in-time
Deferred rent, noncurrent	`DeferredRentCreditNoncurrent`	$33.88M	USD	Point-in-time
Deferred rent, noncurrent	`DeferredRentCreditNoncurrent`	$29.13M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$167.84M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$175.47M	USD	Point-in-time
Total liabilities	`Liabilities`	$384.28M	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`	$422.00K	USD	Point-in-time
Common stock, $.01 par value; 100,000 shares authorized; 42,245 and 42,004 shares issued and outstanding, respectively	`CommonStockValue`	$420.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$77.76M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$79.25M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-61.11M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-80.24M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-2.06M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$18.56M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$301.33M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$402.85M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$217.16M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$498.21M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$558.58M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$192.12M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$125.56M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$369.66M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$142.90M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$330.50M	USD	3 Qtrs
Gross profit	`GrossProfit`	$66.56M	USD	1 Quarter
Gross profit	`GrossProfit`	$74.27M	USD	1 Quarter
Gross profit	`GrossProfit`	$188.92M	USD	3 Qtrs
Gross profit	`GrossProfit`	$167.72M	USD	3 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$130.51M	USD	3 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$47.40M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$53.72M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$149.35M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$20.55M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$37.20M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$39.57M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$19.17M	USD	1 Quarter
Interest expense	`InterestExpense`	$10.57M	USD	3 Qtrs
Interest expense	`InterestExpense`	$3.40M	USD	1 Quarter
Interest expense	`InterestExpense`	$10.13M	USD	3 Qtrs
Interest expense	`InterestExpense`	$3.66M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$29.44M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$26.64M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$17.14M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$15.51M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$5.97M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$10.31M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$6.63M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$10.26M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$16.38M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$10.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.54M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.13M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.45	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.25	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.39	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.23	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.23	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.45	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.39	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.25	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.16M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	41.95M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.00M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.24M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.56M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.36M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.29M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.47M	shares	3 Qtrs

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$16.38M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$10.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.54M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.13M	USD	3 Qtrs
Depreciation of property and equipment	`Depreciation`	$7.21M	USD	3 Qtrs
Depreciation of property and equipment	`Depreciation`	$8.81M	USD	3 Qtrs
Amortization of discount on debt and deferred financing fees	`AmortizationOfFinancingCostsAndDiscounts`	$552.00K	USD	3 Qtrs
Amortization of discount on debt and deferred financing fees	`AmortizationOfFinancingCostsAndDiscounts`	$932.00K	USD	3 Qtrs
Amortization of definite lived intangible	`AmortizationOfIntangibleAssets`	$1.35M	USD	3 Qtrs
Amortization of definite lived intangible	`AmortizationOfIntangibleAssets`	$1.35M	USD	3 Qtrs
Net increase in deferred rent	`AmortizationOfLeaseIncentives`	$1.41M	USD	3 Qtrs
Net increase in deferred rent	`AmortizationOfLeaseIncentives`	$5.01M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$362.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.73M	USD	3 Qtrs
Excess tax benefits from stock-based compensation arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$283.00K	USD	3 Qtrs
Excess tax benefits from stock-based compensation arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$449.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$2.46M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.67M	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-32.00K	USD	3 Qtrs
Merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$67.97M	USD	3 Qtrs
Merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$86.25M	USD	3 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.66M	USD	3 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.49M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$24.71M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$33.41M	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$4.35M	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.03M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-54.00K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$7.74M	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-15.14M	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$3.86M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$29.82M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$30.76M	USD	3 Qtrs
Proceeds from sale-leaseback transactions	`SaleLeasebackTransactionNetProceedsInvestingActivities`	$7.76M	USD	3 Qtrs
Proceeds from sale-leaseback transactions	`SaleLeasebackTransactionNetProceedsInvestingActivities`	$2.74M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-22.06M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-28.02M	USD	3 Qtrs
Net borrowings on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$60.05M	USD	3 Qtrs
Net borrowings on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$7.78M	USD	3 Qtrs
Increase in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$5.54M	USD	3 Qtrs
Increase in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$12.57M	USD	3 Qtrs
Issuance of common stock per employee stock purchase plan	`ProceedsFromIssuanceOfCommonStockPerEmployeeStockPurchasePlan`	$258.00K	USD	3 Qtrs
Excess tax benefits from stock-based compensation arrangements	`ProceedsAndExcessTaxBenefitFromSharebasedCompensation`	$283.00K	USD	3 Qtrs
Payment of withholdings on restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.04M	USD	3 Qtrs
Payment of withholdings on restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.23M	USD	3 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$1.20M	USD	3 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$20.87M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$18.39M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$43.74M	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$190.00K	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$582.00K	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.11M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.69M	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`	$1.94M	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`	$2.69M	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`	$1.94M	USD	Point-in-time
Interest	`InterestPaid`	$9.44M	USD	3 Qtrs
Interest	`InterestPaid`	$8.86M	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$797.00K	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$10.66M	USD	3 Qtrs
Purchases of property and equipment included in accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$1.81M	USD	3 Qtrs
Purchases of property and equipment included in accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$755.00K	USD	3 Qtrs

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