10-Q Filing

SPORTSMAN'S WAREHOUSE HOLDINGS, INC. CIK: 1132105 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001558370-17-004418`
Period End Date	20170430
Filing Date	20170519
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	spwh-20170429.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 26 Cash Flow Statement 58

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.27M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.11M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.40M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$382.00K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$411.00K	USD	Point-in-time
Merchandise inventories	`RetailRelatedInventory`	$288.31M	USD	Point-in-time
Merchandise inventories	`RetailRelatedInventory`	$246.29M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$7.31M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$11.49M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$2.36M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$255.92M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$304.82M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$83.11M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$94.94M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$5.10M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$4.21M	USD	Point-in-time
Definite lived intangibles, net	`FiniteLivedIntangibleAssetsNet`	$2.12M	USD	Point-in-time
Definite lived intangibles, net	`FiniteLivedIntangibleAssetsNet`	$1.67M	USD	Point-in-time
Total assets	`Assets`	$346.25M	USD	Point-in-time
Total assets	`Assets`	$405.63M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$74.18M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$31.55M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$49.59M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$54.37M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$979.00K	USD	Point-in-time
Revolving line of credit	`LinesOfCreditCurrent`	$60.97M	USD	Point-in-time
Revolving line of credit	`LinesOfCreditCurrent`	$78.07M	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`	$983.00K	USD	Point-in-time
Current portion of deferred rent	`DeferredRentCreditCurrent`	$3.41M	USD	Point-in-time
Current portion of deferred rent	`DeferredRentCreditCurrent`	$3.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$211.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$147.22M	USD	Point-in-time
Long-term debt, net of discount, debt issuance costs, and current portion	`LongTermDebtNoncurrent`	$133.72M	USD	Point-in-time
Long-term debt, net of discount, debt issuance costs, and current portion	`LongTermDebtNoncurrent`	$133.46M	USD	Point-in-time
Deferred rent, noncurrent	`DeferredRentCreditNoncurrent`	$35.67M	USD	Point-in-time
Deferred rent, noncurrent	`DeferredRentCreditNoncurrent`	$35.31M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$169.13M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$169.03M	USD	Point-in-time
Total liabilities	`Liabilities`	$316.25M	USD	Point-in-time
Total liabilities	`Liabilities`	$380.13M	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; 42,500 and 42,269 shares issued and outstanding, respectively	`CommonStockValue`	$422.00K	USD	Point-in-time
Common stock, $.01 par value; 100,000 shares authorized; 42,500 and 42,269 shares issued and outstanding, respectively	`CommonStockValue`	$425.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$80.15M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$80.15M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-50.57M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-55.08M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$30.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$25.50M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$405.63M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$346.25M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$151.62M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$156.90M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$103.14M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$108.28M	USD	1 Quarter
Gross profit	`GrossProfit`	$48.47M	USD	1 Quarter
Gross profit	`GrossProfit`	$48.62M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$46.12M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$52.38M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$2.36M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-3.77M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.15M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.59M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-6.92M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.23M	USD	1 Quarter
Income tax (benefit)	`IncomeTaxExpenseBenefit`	$-2.41M	USD	1 Quarter
Income tax (benefit)	`IncomeTaxExpenseBenefit`	$-1.54M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$311.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-4.51M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.11	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.11	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.03M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.28M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.33M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.28M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$311.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-4.51M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$3.49M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$2.68M	USD	1 Quarter
Amortization of discount on debt and deferred financing fees	`AmortizationOfFinancingCostsAndDiscounts`	$355.00K	USD	1 Quarter
Amortization of discount on debt and deferred financing fees	`AmortizationOfFinancingCostsAndDiscounts`	$173.00K	USD	1 Quarter
Amortization of definite lived intangible	`AmortizationOfIntangibleAssets`	$452.00K	USD	1 Quarter
Amortization of definite lived intangible	`AmortizationOfIntangibleAssets`	$451.00K	USD	1 Quarter
Change in deferred rent	`AmortizationOfLeaseIncentives`	$1.91M	USD	1 Quarter
Change in deferred rent	`AmortizationOfLeaseIncentives`	$624.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$633.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$885.00K	USD	1 Quarter
Excess tax benefits from stock-based compensation arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$470.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$625.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$650.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-29.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-23.00K	USD	1 Quarter
Merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$42.02M	USD	1 Quarter
Merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$33.17M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.22M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.50M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$11.91M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$42.05M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-2.04M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-3.12M	USD	1 Quarter
Income taxes payable and receivable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-3.34M	USD	1 Quarter
Income taxes payable and receivable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-3.36M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-15.65M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-8.85M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.72M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.20M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-8.72M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-13.20M	USD	1 Quarter
Net borrowings on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$38.08M	USD	1 Quarter
Net borrowings on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$17.09M	USD	1 Quarter
Increase (decrease) in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$6.36M	USD	1 Quarter
Increase (decrease) in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$7.89M	USD	1 Quarter
Payment of withholdings on restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$639.00K	USD	1 Quarter
Payment of withholdings on restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.23M	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$400.00K	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$20.07M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$24.66M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$22.41M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$358.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$295.00K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.91M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.27M	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`	$2.40M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.91M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.27M	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`	$2.40M	USD	Point-in-time
Interest, net of amounts capitalized	`InterestPaid`	$2.90M	USD	1 Quarter
Interest, net of amounts capitalized	`InterestPaid`	$2.95M	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$1.72M	USD	1 Quarter
Purchases of property and equipment included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$8.09M	USD	1 Quarter
Purchases of property and equipment included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$2.64M	USD	1 Quarter

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