10-Q Filing

SPORTSMAN'S WAREHOUSE HOLDINGS, INC. CIK: 1132105 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001558370-19-005416`
Period End Date	20190430
Filing Date	20190531
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	spwh-20190504.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 26 Cash Flow Statement 60 Stockholders Equity 20

Balance Sheet 73 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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.72M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.55M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$289.00K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$249.00K	USD	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`	$276.60M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Merchandise inventories	`RetailRelatedInventory`	$291.46M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$597.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$15.17M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	43.17M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	42.98M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$9.57M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	43.17M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$303.63M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$293.57M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	42.98M	shares	Point-in-time
Operating lease right of use asset	`OperatingLeaseRightOfUseAsset`	$189.43M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$91.05M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$92.08M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$3.00M	USD	Point-in-time
Definite lived intangibles, net	`FiniteLivedIntangibleAssetsNet`	$246.00K	USD	Point-in-time
Definite lived intangibles, net	`FiniteLivedIntangibleAssetsNet`	$239.00K	USD	Point-in-time
Total assets	`Assets`	$584.35M	USD	Point-in-time
Total assets	`Assets`	$388.90M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$24.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$49.98M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$56.38M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$56.53M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$1.84M	USD	Point-in-time
Operating lease liability, current	`OperatingLeaseLiabilityCurrent`	$31.97M	USD	Point-in-time
Revolving line of credit	`LinesOfCreditCurrent`	$144.31M	USD	Point-in-time
Revolving line of credit	`LinesOfCreditCurrent`	$141.57M	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`	$7.92M	USD	Point-in-time
Current portion of deferred rent	`DeferredRentCreditCurrent`	$5.27M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$287.96M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$240.67M	USD	Point-in-time
Long-term debt, net of discount, debt issuance costs, and current portion	`LongTermDebtNoncurrent`	$25.74M	USD	Point-in-time
Long-term debt, net of discount, debt issuance costs, and current portion	`LongTermDebtNoncurrent`	$27.72M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$535.00K	USD	Point-in-time
Deferred rent, noncurrent	`DeferredRentCreditNoncurrent`	$41.85M	USD	Point-in-time
Operating lease liability, noncurrent	`OperatingLeaseLiabilityNoncurrent`	$187.57M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$213.84M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$69.57M	USD	Point-in-time
Total liabilities	`Liabilities`	$501.81M	USD	Point-in-time
Total liabilities	`Liabilities`	$310.24M	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; 43,174 and 42,978 shares issued and outstanding, respectively	`CommonStockValue`	$430.00K	USD	Point-in-time
Common stock, $.01 par value; 100,000 shares authorized; 43,174 and 42,978 shares issued and outstanding, respectively	`CommonStockValue`	$432.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$84.75M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$84.67M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.65M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.44M	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 stockholders' equity	`StockholdersEquity`	$78.66M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$82.54M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$388.90M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$584.35M	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`	$174.02M	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$124.49M	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$119.84M	USD	1 Quarter
Gross profit	`GrossProfit`	$55.57M	USD	1 Quarter
Gross profit	`GrossProfit`	$54.17M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$59.22M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$59.53M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-3.65M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-5.36M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.56M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.10M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-7.46M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-7.21M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-2.00M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-1.38M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.46M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.83M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.14	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.13	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.14	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.13	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.73M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	43.00M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.73M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.00M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-5.83M	USD	1 Quarter
Net loss	`ProfitLoss`	$-5.46M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$4.39M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$4.61M	USD	1 Quarter
Amortization and write-off of discount on debt and deferred financing fees	`AmortizationOfFinancingCostsAndDiscounts`	$192.00K	USD	1 Quarter
Amortization and write-off of discount on debt and deferred financing fees	`AmortizationOfFinancingCostsAndDiscounts`	$84.00K	USD	1 Quarter
Amortization of definite lived intangible	`AmortizationOfIntangibleAssets`	$7.00K	USD	1 Quarter
Amortization of definite lived intangible	`AmortizationOfIntangibleAssets`	$276.00K	USD	1 Quarter
Change in deferred rent	`ReductionInAmortizationOfLeaseIncentives`	$649.00K	USD	1 Quarter
Gain on asset dispositions	`GainLossOnDispositionOfAssets1`	$311.00K	USD	1 Quarter
Noncash lease expense	`NoncashLeaseExpense`	$7.61M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$431.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$237.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.57M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$453.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$40.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$63.00K	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-8.51M	USD	1 Quarter
Merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$14.86M	USD	1 Quarter
Merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$35.61M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$78.00K	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.79M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$27.50M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$25.34M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$630.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-5.25M	USD	1 Quarter
Income taxes payable and receivable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-2.44M	USD	1 Quarter
Income taxes payable and receivable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-1.62M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.44M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-9.05M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.40M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.47M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$311.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.47M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.09M	USD	1 Quarter
Net (payments) borrowings on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$6.87M	USD	1 Quarter
Net (payments) borrowings on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-2.73M	USD	1 Quarter
Increase in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$8.36M	USD	1 Quarter
Increase in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$4.92M	USD	1 Quarter
Payment of withholdings on restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$699.00K	USD	1 Quarter
Payment of withholdings on restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$369.00K	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$400.00K	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$2.00M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-184.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$14.13M	USD	1 Quarter
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$610.00K	USD	1 Quarter
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$168.00K	USD	1 Quarter
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.77M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.72M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.38M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.55M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.77M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.72M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.38M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.55M	USD	Point-in-time
Interest, net of amounts capitalized	`InterestPaidNet`	$3.14M	USD	1 Quarter
Interest, net of amounts capitalized	`InterestPaidNet`	$2.02M	USD	1 Quarter
Noncash change in lease asset and operating liabilities from remeasurement of existing leases and addition of new leases	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$13.15M	USD	1 Quarter
Purchases of property and equipment included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$1.83M	USD	1 Quarter
Purchases of property and equipment included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$1.36M	USD	1 Quarter

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balance, shares	`CommonStockSharesOutstanding`	43.17M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	42.98M	shares	Point-in-time
Balance	`StockholdersEquity`	$49.80M	USD	Point-in-time
Balance	`StockholdersEquity`	$47.48M	USD	Point-in-time
Balance	`StockholdersEquity`	$78.66M	USD	Point-in-time
Balance	`StockholdersEquity`	$82.54M	USD	Point-in-time
Impact of change for ASC 606 adoption	`CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption`	$2.63M	USD	Point-in-time
Impact of change for ASC 606 adoption	`CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption`	$9.26M	USD	Point-in-time
Payment of withholdings on restricted stock units	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$369.00K	USD	1 Quarter
Payment of withholdings on restricted stock units	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$699.00K	USD	1 Quarter
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.57M	USD	1 Quarter
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$453.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-5.46M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-5.83M	USD	1 Quarter
Balance, shares	`CommonStockSharesOutstanding`	43.17M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	42.98M	shares	Point-in-time
Balance	`StockholdersEquity`	$49.80M	USD	Point-in-time
Balance	`StockholdersEquity`	$47.48M	USD	Point-in-time
Balance	`StockholdersEquity`	$78.66M	USD	Point-in-time
Balance	`StockholdersEquity`	$82.54M	USD	Point-in-time

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