10-Q Filing

SPORTSMAN'S WAREHOUSE HOLDINGS, INC. CIK: 1132105 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001558370-17-009006`
Period End Date	20171031
Filing Date	20171117
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	spwh-20171028.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`	$1.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.69M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.11M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.15M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$404.00K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$411.00K	USD	Point-in-time
Merchandise inventories	`RetailRelatedInventory`	$318.32M	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`	$4.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$255.92M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$324.89M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$83.11M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$98.89M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$4.49M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$5.10M	USD	Point-in-time
Definite lived intangibles, net	`FiniteLivedIntangibleAssetsNet`	$763.00K	USD	Point-in-time
Definite lived intangibles, net	`FiniteLivedIntangibleAssetsNet`	$2.12M	USD	Point-in-time
Total assets	`Assets`	$346.25M	USD	Point-in-time
Total assets	`Assets`	$429.02M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$31.55M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$69.45M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$49.59M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$54.64M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$3.21M	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`	$78.45M	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`	$935.00K	USD	Point-in-time
Current portion of deferred rent	`DeferredRentCreditCurrent`	$3.15M	USD	Point-in-time
Current portion of deferred rent	`DeferredRentCreditCurrent`	$3.95M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$210.64M	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`	$132.66M	USD	Point-in-time
Long-term debt, net of discount, debt issuance costs, and current portion	`LongTermDebtNoncurrent`	$133.72M	USD	Point-in-time
Deferred rent, noncurrent	`DeferredRentCreditNoncurrent`	$35.31M	USD	Point-in-time
Deferred rent, noncurrent	`DeferredRentCreditNoncurrent`	$42.79M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$169.03M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$175.45M	USD	Point-in-time
Total liabilities	`Liabilities`	$386.09M	USD	Point-in-time
Total liabilities	`Liabilities`	$316.25M	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`	$422.00K	USD	Point-in-time
Common stock, $.01 par value; 100,000 shares authorized; 42,579 and 42,269 shares issued and outstanding, respectively	`CommonStockValue`	$426.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$80.15M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$81.22M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-50.57M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-38.72M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$30.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$42.93M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$429.02M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$346.25M	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`	$558.58M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$566.51M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$218.12M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$142.90M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$372.31M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$369.66M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$141.15M	USD	1 Quarter
Gross profit	`GrossProfit`	$194.20M	USD	3 Qtrs
Gross profit	`GrossProfit`	$74.27M	USD	1 Quarter
Gross profit	`GrossProfit`	$188.92M	USD	3 Qtrs
Gross profit	`GrossProfit`	$76.96M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$57.44M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$53.72M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$164.21M	USD	3 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$149.35M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$20.55M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$19.52M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$39.57M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$29.99M	USD	3 Qtrs
Interest expense	`InterestExpense`	$10.13M	USD	3 Qtrs
Interest expense	`InterestExpense`	$3.40M	USD	1 Quarter
Interest expense	`InterestExpense`	$10.08M	USD	3 Qtrs
Interest expense	`InterestExpense`	$3.49M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$29.44M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$17.14M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$19.91M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$16.03M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$8.05M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$10.31M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$6.63M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$6.22M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$11.86M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$19.13M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$9.81M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.45	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.25	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.23	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.28	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.25	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.28	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.45	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.23	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.58M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.24M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.46M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.16M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.47M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.61M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.50M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.56M	shares	1 Quarter

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$19.13M	USD	3 Qtrs
Net income	`ProfitLoss`	$11.86M	USD	3 Qtrs
Depreciation of property and equipment	`Depreciation`	$11.55M	USD	3 Qtrs
Depreciation of property and equipment	`Depreciation`	$8.81M	USD	3 Qtrs
Amortization of discount on debt and deferred financing fees	`AmortizationOfFinancingCostsAndDiscounts`	$534.00K	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
Change in deferred rent	`AmortizationOfLeaseIncentives`	$5.01M	USD	3 Qtrs
Change in deferred rent	`AmortizationOfLeaseIncentives`	$8.28M	USD	3 Qtrs
(Gain) on asset dispositions	`GainLossOnDispositionOfAssets1`	$14.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$612.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$362.00K	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`	$1.44M	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-7.00K	USD	3 Qtrs
Merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$72.04M	USD	3 Qtrs
Merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$86.25M	USD	3 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.49M	USD	3 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.20M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$40.64M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$24.71M	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$4.35M	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-2.08M	USD	3 Qtrs
Income taxes payable and receivable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$2.23M	USD	3 Qtrs
Income taxes payable and receivable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-54.00K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-15.14M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.58M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$30.76M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$39.22M	USD	3 Qtrs
Proceeds from deemed sale-leaseback transactions	`SaleLeasebackTransactionNetProceedsInvestingActivities`	$6.13M	USD	3 Qtrs
Proceeds from deemed sale-leaseback transactions	`SaleLeasebackTransactionNetProceedsInvestingActivities`	$2.74M	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$14.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-33.08M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-28.02M	USD	3 Qtrs
Net borrowings on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$60.05M	USD	3 Qtrs
Net borrowings on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$17.48M	USD	3 Qtrs
Increase in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$5.54M	USD	3 Qtrs
Increase in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$10.16M	USD	3 Qtrs
Proceeds from issuance of common stock per employee stock purchase plan	`ProceedsFromIssuanceOfCommonStockPerEmployeeStockPurchasePlan`	$283.00K	USD	3 Qtrs
Proceeds from issuance of common stock per employee stock purchase plan	`ProceedsFromIssuanceOfCommonStockPerEmployeeStockPurchasePlan`	$258.00K	USD	3 Qtrs
Payment of withholdings on restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.23M	USD	3 Qtrs
Payment of withholdings on restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$638.00K	USD	3 Qtrs
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$341.00K	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	`NetCashProvidedByUsedInFinancingActivities`	$43.74M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$25.74M	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$244.00K	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`	$1.91M	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`	$2.11M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.15M	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`	$2.69M	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`	$2.15M	USD	Point-in-time
Interest, net of amounts capitalized	`InterestPaidNet`	$8.86M	USD	3 Qtrs
Interest, net of amounts capitalized	`InterestPaidNet`	$9.47M	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$10.66M	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$5.14M	USD	3 Qtrs
Purchases of property and equipment included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$214.00K	USD	3 Qtrs
Purchases of property and equipment included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$1.81M	USD	3 Qtrs

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