10-Q Filing

SPORTSMAN'S WAREHOUSE HOLDINGS, INC. CIK: 1132105 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001558370-18-004955`
Period End Date	20180430
Filing Date	20180525
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	spwh-20180505.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 26 Cash Flow Statement 56

Balance Sheet 71 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	`CashAndCashEquivalentsAtCarryingValue`	$2.27M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.77M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.91M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.38M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$382.00K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$319.00K	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`	$306.20M	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`	$270.59M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$8.07M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$9.18M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	42.62M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$318.14M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	42.83M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$280.75M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	42.83M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$94.81M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$94.03M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	42.62M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$3.47M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$4.59M	USD	Point-in-time
Definite lived intangibles, net	`FiniteLivedIntangibleAssetsNet`	$276.00K	USD	Point-in-time
Total assets	`Assets`	$416.43M	USD	Point-in-time
Total assets	`Assets`	$379.66M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$36.79M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$64.01M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$58.09M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$50.60M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$2.59M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$967.00K	USD	Point-in-time
Revolving line of credit	`LinesOfCreditCurrent`	$66.87M	USD	Point-in-time
Revolving line of credit	`LinesOfCreditCurrent`	$59.99M	USD	Point-in-time
Current portion of long-term debt, net of discount and debt issuance costs	`LongTermDebtCurrent`	$990.00K	USD	Point-in-time
Current portion of long-term debt, net of discount and debt issuance costs	`LongTermDebtCurrent`	$968.00K	USD	Point-in-time
Current portion of deferred rent	`DeferredRentCreditCurrent`	$4.59M	USD	Point-in-time
Current portion of deferred rent	`DeferredRentCreditCurrent`	$4.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$195.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$155.55M	USD	Point-in-time
Long-term debt, net of discount, debt issuance costs, and current portion	`LongTermDebtNoncurrent`	$132.35M	USD	Point-in-time
Long-term debt, net of discount, debt issuance costs, and current portion	`LongTermDebtNoncurrent`	$132.14M	USD	Point-in-time
Deferred rent, noncurrent	`DeferredRentCreditNoncurrent`	$41.96M	USD	Point-in-time
Deferred rent, noncurrent	`DeferredRentCreditNoncurrent`	$41.20M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$174.31M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$173.35M	USD	Point-in-time
Total liabilities	`Liabilities`	$368.95M	USD	Point-in-time
Total liabilities	`Liabilities`	$329.86M	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; 42,834 and 42,617 shares issued and outstanding, respectively	`CommonStockValue`	$428.00K	USD	Point-in-time
Common stock, $.01 par value; 100,000 shares authorized; 42,834 and 42,617 shares issued and outstanding, respectively	`CommonStockValue`	$426.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$83.07M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$82.20M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-32.83M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-36.02M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$49.80M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$47.48M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$379.66M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$416.43M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$180.06M	USD	1 Quarter
Net sales	`Revenues`	$156.90M	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$124.49M	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$108.28M	USD	1 Quarter
Gross profit	`GrossProfit`	$55.57M	USD	1 Quarter
Gross profit	`GrossProfit`	$48.62M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$52.38M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$59.22M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-3.77M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-3.65M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.15M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.56M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-7.21M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-6.92M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-2.41M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-1.38M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.83M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.51M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.11	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.14	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.11	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.14	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.73M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.28M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.73M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.28M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-5.83M	USD	1 Quarter
Net loss	`ProfitLoss`	$-4.51M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$4.39M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$3.49M	USD	1 Quarter
Amortization of discount on debt and deferred financing fees	`AmortizationOfFinancingCostsAndDiscounts`	$192.00K	USD	1 Quarter
Amortization of discount on debt and deferred financing fees	`AmortizationOfFinancingCostsAndDiscounts`	$173.00K	USD	1 Quarter
Amortization of definite lived intangible	`AmortizationOfIntangibleAssets`	$276.00K	USD	1 Quarter
Amortization of definite lived intangible	`AmortizationOfIntangibleAssets`	$452.00K	USD	1 Quarter
Change in deferred rent	`AmortizationOfLeaseIncentives`	$624.00K	USD	1 Quarter
Change in deferred rent	`ReductionInAmortizationOfLeaseIncentives`	$649.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$237.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$885.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.57M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$650.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$63.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-29.00K	USD	1 Quarter
Merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$42.02M	USD	1 Quarter
Merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$35.61M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.22M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$78.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$27.50M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$42.05M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$630.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-3.12M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-3.34M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-1.62M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-8.85M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-9.05M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.47M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.20M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.47M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-13.20M	USD	1 Quarter
Net borrowings on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$6.87M	USD	1 Quarter
Net borrowings on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$17.09M	USD	1 Quarter
Increase in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$6.36M	USD	1 Quarter
Increase in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$8.36M	USD	1 Quarter
Payment of withholdings on restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$699.00K	USD	1 Quarter
Payment of withholdings on restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$639.00K	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$400.00K	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$400.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$22.41M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$14.13M	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$358.00K	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$610.00K	USD	1 Quarter
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.27M	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.77M	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.91M	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.38M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.27M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.77M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.91M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.38M	USD	Point-in-time
Interest, net of amounts capitalized	`InterestPaidNet`	$3.14M	USD	1 Quarter
Interest, net of amounts capitalized	`InterestPaidNet`	$2.90M	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`	$1.83M	USD	1 Quarter

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