10-Q Filing

SPORTSMAN'S WAREHOUSE HOLDINGS, INC. CIK: 1132105 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001558370-18-007208`
Period End Date	20180731
Filing Date	20180824
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	spwh-20180804.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 52 Cash Flow Statement 67

Balance Sheet 69 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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.73M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.77M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$388.00K	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
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Merchandise inventories	`RetailRelatedInventory`	$329.07M	USD	Point-in-time
Merchandise inventories	`RetailRelatedInventory`	$270.59M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	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`	$13.46M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	42.94M	shares	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$1.09M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	42.62M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	42.62M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$346.74M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$280.75M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	42.94M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$94.03M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$95.85M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$3.59M	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`	$379.66M	USD	Point-in-time
Total assets	`Assets`	$446.18M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$74.27M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$36.79M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$58.10M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$50.60M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$2.59M	USD	Point-in-time
Revolving line of credit	`LinesOfCreditCurrent`	$59.99M	USD	Point-in-time
Revolving line of credit	`LinesOfCreditCurrent`	$173.82M	USD	Point-in-time
Current portion of long-term debt, net of discount and debt issuance costs	`LongTermDebtCurrent`	$7.92M	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 deferred rent	`DeferredRentCreditCurrent`	$4.75M	USD	Point-in-time
Current portion of deferred rent	`DeferredRentCreditCurrent`	$4.59M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$155.55M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$318.86M	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`	$31.68M	USD	Point-in-time
Deferred rent, noncurrent	`DeferredRentCreditNoncurrent`	$41.96M	USD	Point-in-time
Deferred rent, noncurrent	`DeferredRentCreditNoncurrent`	$40.94M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$174.31M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$72.62M	USD	Point-in-time
Total liabilities	`Liabilities`	$329.86M	USD	Point-in-time
Total liabilities	`Liabilities`	$391.47M	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; 42,938 and 42,617 shares issued and outstanding, respectively	`CommonStockValue`	$426.00K	USD	Point-in-time
Common stock, $.01 par value; 100,000 shares authorized; 42,938 and 42,617 shares issued and outstanding, respectively	`CommonStockValue`	$429.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$82.20M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$83.75M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-32.83M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-29.47M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$54.71M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$49.80M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$446.18M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$379.66M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$348.39M	USD	2 Qtrs
Net sales	`Revenues`	$203.29M	USD	1 Quarter
Net sales	`Revenues`	$383.35M	USD	2 Qtrs
Net sales	`Revenues`	$191.49M	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$231.16M	USD	2 Qtrs
Cost of goods sold	`CostOfRevenue`	$255.50M	USD	2 Qtrs
Cost of goods sold	`CostOfRevenue`	$131.01M	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$122.88M	USD	1 Quarter
Gross profit	`GrossProfit`	$68.62M	USD	1 Quarter
Gross profit	`GrossProfit`	$117.23M	USD	2 Qtrs
Gross profit	`GrossProfit`	$127.84M	USD	2 Qtrs
Gross profit	`GrossProfit`	$72.28M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$59.09M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$54.38M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$118.31M	USD	2 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$106.77M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$9.54M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$13.19M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$14.23M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$10.47M	USD	2 Qtrs
Interest expense	`InterestExpense`	$3.44M	USD	1 Quarter
Interest expense	`InterestExpense`	$6.59M	USD	2 Qtrs
Interest expense	`InterestExpense`	$7.89M	USD	2 Qtrs
Interest expense	`InterestExpense`	$4.33M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.65M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$8.86M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$10.80M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.88M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$925.00K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$1.83M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$4.25M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$2.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.55M	USD	1 Quarter
Net income	`NetIncomeLoss`	$722.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.05M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$6.55M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.15	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.05	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.02	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.15	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.15	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.15	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.05	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.02	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.54M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.81M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.41M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.90M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.59M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.84M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.92M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.46M	shares	2 Qtrs

Cash Flow Statement 67 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$2.05M	USD	2 Qtrs
Net Income	`ProfitLoss`	$722.00K	USD	2 Qtrs
Depreciation of property and equipment	`Depreciation`	$7.43M	USD	2 Qtrs
Depreciation of property and equipment	`Depreciation`	$8.89M	USD	2 Qtrs
Amortization and write-off of discount on debt and deferred financing fees	`AmortizationOfFinancingCostsAndDiscounts`	$1.89M	USD	2 Qtrs
Amortization and write-off of discount on debt and deferred financing fees	`AmortizationOfFinancingCostsAndDiscounts`	$344.00K	USD	2 Qtrs
Amortization of definite lived intangible	`AmortizationOfIntangibleAssets`	$903.00K	USD	2 Qtrs
Amortization of definite lived intangible	`AmortizationOfIntangibleAssets`	$276.00K	USD	2 Qtrs
Change in deferred rent	`AmortizationOfLeaseIncentives`	$1.54M	USD	2 Qtrs
Change in deferred rent	`ReductionInAmortizationOfLeaseIncentives`	$865.00K	USD	2 Qtrs
Loss on asset dispositions	`GainLossOnDispositionOfAssets1`	$14.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$120.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$747.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$2.05M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.05M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$69.00K	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$30.00K	USD	2 Qtrs
Merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$58.47M	USD	2 Qtrs
Merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$55.94M	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-132.00K	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.80M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$36.33M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$31.36M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$3.42M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-6.00M	USD	2 Qtrs
Income taxes payable and receivable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-1.70M	USD	2 Qtrs
Income taxes payable and receivable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-3.68M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-18.12M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-11.18M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$31.86M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.59M	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`	$-10.59M	USD	2 Qtrs
Net borrowings on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$40.77M	USD	2 Qtrs
Net borrowings on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$113.83M	USD	2 Qtrs
Increase in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$5.86M	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`	$202.00K	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`	$699.00K	USD	2 Qtrs
Borrowings on term loan	`ProceedsFromIssuanceOfLongTermDebt`	$40.00M	USD	2 Qtrs
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$341.00K	USD	2 Qtrs
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$1.33M	USD	2 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$800.00K	USD	2 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$135.13M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$22.73M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$49.38M	USD	2 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$965.00K	USD	2 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-90.00K	USD	2 Qtrs
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.91M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.77M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.73M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.82M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.91M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.77M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.73M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.82M	USD	Point-in-time
Interest, net of amounts capitalized	`InterestPaidNet`	$6.71M	USD	2 Qtrs
Interest, net of amounts capitalized	`InterestPaidNet`	$7.87M	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$2.67M	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$4.67M	USD	2 Qtrs
Purchases of property and equipment included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$2.98M	USD	2 Qtrs
Purchases of property and equipment included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$2.78M	USD	2 Qtrs
Landlord receivable relating to deemed sale leaseback transaction	`LandlordReceivableRelatedToDeemedSaleLeasebackTransaction`	$1.72M	USD	2 Qtrs

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