10-Q Filing

SPORTSMAN'S WAREHOUSE HOLDINGS, INC. CIK: 1132105 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001558370-17-006730`
Period End Date	20170731
Filing Date	20170818
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	spwh-20170729.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 52 Cash Flow Statement 65

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.11M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.58M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.82M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.91M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$441.00K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$411.00K	USD	Point-in-time
Merchandise inventories	`RetailRelatedInventory`	$246.29M	USD	Point-in-time
Merchandise inventories	`RetailRelatedInventory`	$302.23M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$7.10M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$7.31M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$717.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$255.92M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$312.31M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$103.85M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$83.11M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$4.35M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$5.10M	USD	Point-in-time
Definite lived intangibles, net	`FiniteLivedIntangibleAssetsNet`	$2.12M	USD	Point-in-time
Definite lived intangibles, net	`FiniteLivedIntangibleAssetsNet`	$1.22M	USD	Point-in-time
Total assets	`Assets`	$346.25M	USD	Point-in-time
Total assets	`Assets`	$421.72M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$31.55M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$60.76M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$52.65M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$49.59M	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`	$101.74M	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`	$896.00K	USD	Point-in-time
Current portion of deferred rent	`DeferredRentCreditCurrent`	$3.86M	USD	Point-in-time
Current portion of deferred rent	`DeferredRentCreditCurrent`	$3.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$147.22M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$219.92M	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`	$132.93M	USD	Point-in-time
Deferred rent, noncurrent	`DeferredRentCreditNoncurrent`	$35.31M	USD	Point-in-time
Deferred rent, noncurrent	`DeferredRentCreditNoncurrent`	$36.13M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$169.06M	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`	$388.98M	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; 42,579 and 42,269 shares issued and outstanding, respectively	`CommonStockValue`	$426.00K	USD	Point-in-time
Common stock, $.01 par value; 100,000 shares authorized; 42,579 and 42,269 shares issued and outstanding, respectively	`CommonStockValue`	$422.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$80.15M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$80.84M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-48.52M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-50.57M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$30.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$32.74M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$346.25M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$421.72M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$191.49M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$348.39M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$189.80M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$341.42M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$123.62M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$231.16M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$122.88M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$226.76M	USD	2 Qtrs
Gross profit	`GrossProfit`	$68.62M	USD	1 Quarter
Gross profit	`GrossProfit`	$114.66M	USD	2 Qtrs
Gross profit	`GrossProfit`	$117.23M	USD	2 Qtrs
Gross profit	`GrossProfit`	$66.19M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$106.77M	USD	2 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$54.38M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$95.63M	USD	2 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$49.51M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$14.23M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$19.03M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$16.67M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$10.47M	USD	2 Qtrs
Interest expense	`InterestExpense`	$6.59M	USD	2 Qtrs
Interest expense	`InterestExpense`	$3.14M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.44M	USD	1 Quarter
Interest expense	`InterestExpense`	$6.73M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.88M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$13.53M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$12.30M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$10.80M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$5.23M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$3.68M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$1.83M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$4.25M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.55M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.05M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$8.62M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$8.30M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.20	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.05	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.20	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.15	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.20	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.20	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.15	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.05	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.22M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.54M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.12M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.41M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.41M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.46M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.49M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.59M	shares	1 Quarter

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$8.62M	USD	2 Qtrs
Net income	`ProfitLoss`	$2.05M	USD	2 Qtrs
Depreciation of property and equipment	`Depreciation`	$5.57M	USD	2 Qtrs
Depreciation of property and equipment	`Depreciation`	$7.43M	USD	2 Qtrs
Amortization of discount on debt and deferred financing fees	`AmortizationOfFinancingCostsAndDiscounts`	$549.00K	USD	2 Qtrs
Amortization of discount on debt and deferred financing fees	`AmortizationOfFinancingCostsAndDiscounts`	$344.00K	USD	2 Qtrs
Amortization of definite lived intangible	`AmortizationOfIntangibleAssets`	$902.00K	USD	2 Qtrs
Amortization of definite lived intangible	`AmortizationOfIntangibleAssets`	$903.00K	USD	2 Qtrs
Change in deferred rent	`AmortizationOfLeaseIncentives`	$3.88M	USD	2 Qtrs
Change in deferred rent	`AmortizationOfLeaseIncentives`	$1.54M	USD	2 Qtrs
(Gain) on asset dispositions	`GainLossOnDispositionOfAssets1`	$14.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$747.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$288.00K	USD	2 Qtrs
Excess tax benefits from stock-based compensation arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$449.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.56M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.05M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$30.00K	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-160.00K	USD	2 Qtrs
Merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$55.94M	USD	2 Qtrs
Merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$47.92M	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.41M	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-132.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$23.83M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$31.36M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-6.00M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$174.00K	USD	2 Qtrs
Income taxes payable and receivable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-1.70M	USD	2 Qtrs
Income taxes payable and receivable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$837.00K	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-18.12M	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$399.00K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$31.86M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$23.39M	USD	2 Qtrs
Proceeds from deemed sale-leaseback transactions	`SaleLeasebackTransactionNetProceedsInvestingActivities`	$503.00K	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$14.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-31.35M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-23.39M	USD	2 Qtrs
Net borrowings on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$40.81M	USD	2 Qtrs
Net borrowings on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$40.77M	USD	2 Qtrs
Increase in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$4.10M	USD	2 Qtrs
Increase in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$10.11M	USD	2 Qtrs
Proceeds from issuance of common stock per employee stock purchase plan	`ProceedsFromIssuanceOfCommonStockPerEmployeeStockPurchasePlan`	$258.00K	USD	2 Qtrs
Proceeds from issuance of common stock per employee stock purchase plan	`ProceedsFromIssuanceOfCommonStockPerEmployeeStockPurchasePlan`	$283.00K	USD	2 Qtrs
Payment of withholdings on restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$639.00K	USD	2 Qtrs
Payment of withholdings on restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.23M	USD	2 Qtrs
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$341.00K	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	`NetCashProvidedByUsedInFinancingActivities`	$49.38M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$23.46M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$469.00K	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-90.00K	USD	2 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`	$2.58M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.82M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.91M	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`	$2.58M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.82M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.91M	USD	Point-in-time
Interest, net of amounts capitalized	`InterestPaidNet`	$5.89M	USD	2 Qtrs
Interest, net of amounts capitalized	`InterestPaidNet`	$6.71M	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$4.71M	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$2.67M	USD	2 Qtrs
Purchases of property and equipment included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$2.78M	USD	2 Qtrs
Purchases of property and equipment included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$3.23M	USD	2 Qtrs

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