10-Q Filing

SPORTSMAN'S WAREHOUSE HOLDINGS, INC. CIK: 1132105 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001558370-18-009494`
Period End Date	20181031
Filing Date	20181129
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	spwh-20181103.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 52 Cash Flow Statement 70

Balance Sheet 70 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`	$1.89M	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`	$419.00K	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
Accounts receivable, net	`AccountsReceivableNetCurrent`	$319.00K	USD	Point-in-time
Merchandise inventories	`RetailRelatedInventory`	$270.59M	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`	$369.06M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.62M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	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
Common stock, shares issued	`CommonStockSharesIssued`	42.62M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$12.09M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$8.07M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	42.94M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$385.08M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	42.62M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$280.75M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$94.03M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$93.27M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$4.59M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$1.52M	USD	Point-in-time
Definite lived intangibles, net	`FiniteLivedIntangibleAssetsNet`	$276.00K	USD	Point-in-time
Definite lived intangibles, net	`FiniteLivedIntangibleAssetsNet`	$252.00K	USD	Point-in-time
Total assets	`Assets`	$379.66M	USD	Point-in-time
Total assets	`Assets`	$480.12M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$36.79M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$91.51M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$50.60M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$55.66M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$2.59M	USD	Point-in-time
Revolving line of credit	`LinesOfCreditCurrent`	$181.57M	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`	$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`	$5.03M	USD	Point-in-time
Current portion of deferred rent	`DeferredRentCreditCurrent`	$4.59M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$341.69M	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`	$29.70M	USD	Point-in-time
Deferred rent, noncurrent	`DeferredRentCreditNoncurrent`	$41.24M	USD	Point-in-time
Deferred rent, noncurrent	`DeferredRentCreditNoncurrent`	$41.96M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$174.31M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$70.94M	USD	Point-in-time
Total liabilities	`Liabilities`	$412.63M	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; 42,938 and 42,617 shares issued and outstanding, respectively	`CommonStockValue`	$429.00K	USD	Point-in-time
Common stock, $.01 par value; 100,000 shares authorized; 42,938 and 42,617 shares issued and outstanding, respectively	`CommonStockValue`	$426.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$84.13M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$82.20M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-17.07M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-32.83M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$67.49M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$49.80M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$480.12M	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`	$218.12M	USD	1 Quarter
Net sales	`Revenues`	$223.10M	USD	1 Quarter
Net sales	`Revenues`	$606.45M	USD	3 Qtrs
Net sales	`Revenues`	$566.51M	USD	3 Qtrs
Cost of goods sold	`CostOfRevenue`	$372.31M	USD	3 Qtrs
Cost of goods sold	`CostOfRevenue`	$401.02M	USD	3 Qtrs
Cost of goods sold	`CostOfRevenue`	$145.52M	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$141.15M	USD	1 Quarter
Gross profit	`GrossProfit`	$194.20M	USD	3 Qtrs
Gross profit	`GrossProfit`	$77.58M	USD	1 Quarter
Gross profit	`GrossProfit`	$205.43M	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`	$164.21M	USD	3 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$60.07M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$178.37M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$17.51M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$19.52M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$29.99M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$27.05M	USD	3 Qtrs
Interest expense	`InterestExpense`	$3.49M	USD	1 Quarter
Interest expense	`InterestExpense`	$10.52M	USD	3 Qtrs
Interest expense	`InterestExpense`	$10.08M	USD	3 Qtrs
Interest expense	`InterestExpense`	$2.63M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$19.91M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$16.53M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$14.88M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$16.03M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$2.48M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$8.05M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$6.22M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$3.41M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$11.86M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$9.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.12M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.23	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.29	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.28	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.31	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.29	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.23	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.28	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.31	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.58M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.94M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.46M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.85M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.94M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.61M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.09M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.50M	shares	3 Qtrs

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$11.86M	USD	3 Qtrs
Net Income	`ProfitLoss`	$13.12M	USD	3 Qtrs
Depreciation of property and equipment	`Depreciation`	$11.55M	USD	3 Qtrs
Depreciation of property and equipment	`Depreciation`	$13.32M	USD	3 Qtrs
Amortization and write-off of discount on debt and deferred financing fees	`AmortizationOfFinancingCostsAndDiscounts`	$1.96M	USD	3 Qtrs
Amortization and write-off of discount on debt and deferred financing fees	`AmortizationOfFinancingCostsAndDiscounts`	$534.00K	USD	3 Qtrs
Amortization of definite lived intangible	`AmortizationOfIntangibleAssets`	$1.35M	USD	3 Qtrs
Amortization of definite lived intangible	`AmortizationOfIntangibleAssets`	$283.00K	USD	3 Qtrs
Change in deferred rent	`AmortizationOfLeaseIncentives`	$8.28M	USD	3 Qtrs
Change in deferred rent	`ReductionInAmortizationOfLeaseIncentives`	$280.00K	USD	3 Qtrs
(Gain) Loss on asset dispositions	`GainLossOnDispositionOfAssets1`	$-30.00K	USD	3 Qtrs
(Gain) Loss on asset dispositions	`GainLossOnDispositionOfAssets1`	$14.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$612.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.19M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.44M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$2.44M	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-7.00K	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$100.00K	USD	3 Qtrs
Merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$98.46M	USD	3 Qtrs
Merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$72.04M	USD	3 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.20M	USD	3 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.19M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$40.64M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$55.20M	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-2.08M	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$2.28M	USD	3 Qtrs
Income taxes payable and receivable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-4.20M	USD	3 Qtrs
Income taxes payable and receivable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$2.23M	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.58M	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-14.42M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$39.22M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.18M	USD	3 Qtrs
Purchase of intangible asset	`PaymentsToAcquireIntangibleAssets`	$259.00K	USD	3 Qtrs
Proceeds from deemed sale-leaseback transactions	`SaleLeasebackTransactionNetProceedsInvestingActivities`	$1.72M	USD	3 Qtrs
Proceeds from deemed sale-leaseback transactions	`SaleLeasebackTransactionNetProceedsInvestingActivities`	$6.13M	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$14.00K	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$226.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-13.50M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-33.08M	USD	3 Qtrs
Net borrowings on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$17.48M	USD	3 Qtrs
Net borrowings on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$121.57M	USD	3 Qtrs
Increase in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$10.16M	USD	3 Qtrs
Increase in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$5.42M	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`	$202.00K	USD	3 Qtrs
Payment of withholdings on restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$638.00K	USD	3 Qtrs
Payment of withholdings on restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$699.00K	USD	3 Qtrs
Borrowings on term loan	`ProceedsFromIssuanceOfLongTermDebt`	$40.00M	USD	3 Qtrs
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$1.33M	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`	$137.13M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$25.74M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$28.04M	USD	3 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$244.00K	USD	3 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$123.00K	USD	3 Qtrs
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.77M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.89M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.15M	USD	Point-in-time
Cash at beginning 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`	$1.89M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.15M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.91M	USD	Point-in-time
Interest, net of amounts capitalized	`InterestPaidNet`	$9.47M	USD	3 Qtrs
Interest, net of amounts capitalized	`InterestPaidNet`	$10.41M	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$5.62M	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$5.14M	USD	3 Qtrs
Purchases of property and equipment included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$487.00K	USD	3 Qtrs
Purchases of property and equipment included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$214.00K	USD	3 Qtrs

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