10-Q Filing

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

Filing Information

Form Type	10-Q
Accession Number	`0001558370-20-007292`
Period End Date	20200430
Filing Date	20200605
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	spwh-20200502.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 26 Cash Flow Statement 66 Stockholders Equity 19

Balance Sheet 77 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`	$22.09M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.69M	USD	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
Accounts receivable, net	`AccountsReceivableNetCurrent`	$581.00K	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`	$904.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Merchandise inventories	`RetailRelatedInventory`	$300.85M	USD	Point-in-time
Merchandise inventories	`RetailRelatedInventory`	$275.50M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	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
Income tax receivable	`IncomeTaxesReceivable`	$4.56M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$812.00K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$14.94M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	43.55M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$12.73M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	43.30M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	43.30M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$343.02M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$291.64M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	43.55M	shares	Point-in-time
Operating lease right of use asset	`OperatingLeaseRightOfUseAsset`	$224.52M	USD	Point-in-time
Operating lease right of use asset	`OperatingLeaseRightOfUseAsset`	$221.67M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$95.92M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$98.77M	USD	Point-in-time
Goodwill	`Goodwill`	$1.50M	USD	Point-in-time
Goodwill	`Goodwill`	$1.50M	USD	Point-in-time
Goodwill	`Goodwill`	$1.50M	USD	Point-in-time
Definite lived intangibles, net	`FiniteLivedIntangibleAssetsNet`	$213.00K	USD	Point-in-time
Definite lived intangibles, net	`FiniteLivedIntangibleAssetsNet`	$220.00K	USD	Point-in-time
Total assets	`Assets`	$662.33M	USD	Point-in-time
Total assets	`Assets`	$616.64M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$86.11M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$38.16M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$70.12M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$72.80M	USD	Point-in-time
Operating lease liability, current	`OperatingLeaseLiabilityCurrent`	$34.49M	USD	Point-in-time
Operating lease liability, current	`OperatingLeaseLiabilityCurrent`	$35.08M	USD	Point-in-time
Revolving line of credit	`LinesOfCreditCurrent`	$116.08M	USD	Point-in-time
Revolving line of credit	`LinesOfCreditCurrent`	$118.42M	USD	Point-in-time
Current portion of long-term debt, net of discount and debt issuance costs	`NotesAndLoansPayableCurrent`	$1.98M	USD	Point-in-time
Current portion of long-term debt, net of discount and debt issuance costs	`NotesAndLoansPayableCurrent`	$5.94M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$264.78M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$314.39M	USD	Point-in-time
Long-term debt, net of discount, debt issuance costs, and current portion	`LongTermDebtNoncurrent`	$23.76M	USD	Point-in-time
Long-term debt, net of discount, debt issuance costs, and current portion	`LongTermDebtNoncurrent`	$23.78M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$3.52M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$562.00K	USD	Point-in-time
Operating lease liability, noncurrent	`OperatingLeaseLiabilityNoncurrent`	$211.47M	USD	Point-in-time
Operating lease liability, noncurrent	`OperatingLeaseLiabilityNoncurrent`	$217.25M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$241.60M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$238.75M	USD	Point-in-time
Total liabilities	`Liabilities`	$553.14M	USD	Point-in-time
Total liabilities	`Liabilities`	$506.37M	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; 43,551 and 43,296 shares issued and outstanding, respectively	`CommonStockValue`	$433.00K	USD	Point-in-time
Common stock, $.01 par value; 100,000 shares authorized; 43,551 and 43,296 shares issued and outstanding, respectively	`CommonStockValue`	$436.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$86.85M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$86.81M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$23.03M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$21.90M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$82.54M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$109.19M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$110.27M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$78.66M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$662.33M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$616.64M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$246.84M	USD	1 Quarter
Net sales	`Revenues`	$174.02M	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$172.06M	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$119.84M	USD	1 Quarter
Gross profit	`GrossProfit`	$54.17M	USD	1 Quarter
Gross profit	`GrossProfit`	$74.77M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$75.22M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$59.53M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-445.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-5.36M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.10M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.53M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.98M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-7.46M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-849.00K	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-2.00M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.46M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.13M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.03	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.13	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.13	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.03	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	43.00M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	43.33M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.33M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.00M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`ProfitLoss`	$-5.46M	USD	1 Quarter
Net Loss	`ProfitLoss`	$-1.13M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$4.61M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$5.33M	USD	1 Quarter
Amortization and write-off of discount on debt and deferred financing fees	`AmortizationOfFinancingCostsAndDiscounts`	$84.00K	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`	$7.00K	USD	1 Quarter
(Gain) loss on asset dispositions	`GainLossOnDispositionOfAssets1`	$-803.00K	USD	1 Quarter
(Gain) loss on asset dispositions	`GainLossOnDispositionOfAssets1`	$311.00K	USD	1 Quarter
Noncash lease expense	`NoncashLeaseExpense`	$7.61M	USD	1 Quarter
Noncash lease expense	`NoncashLeaseExpense`	$6.08M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$431.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.96M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$453.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$736.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-323.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$40.00K	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-7.32M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-8.51M	USD	1 Quarter
Merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$23.30M	USD	1 Quarter
Merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$14.86M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.79M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.27M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$25.34M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$46.65M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$6.09M	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`	$-3.75M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.44M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$31.28M	USD	1 Quarter
Purchase of property and equipment, net of amounts acquired	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.83M	USD	1 Quarter
Purchase of property and equipment, net of amounts acquired	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.40M	USD	1 Quarter
Acquisition of Field and Stream stores, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.02M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$311.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.09M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.86M	USD	1 Quarter
Net (payments) borrowings on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$2.35M	USD	1 Quarter
Net (payments) borrowings on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-2.73M	USD	1 Quarter
(Decrease) increase in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$-2.67M	USD	1 Quarter
(Decrease) increase in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$4.92M	USD	1 Quarter
Payment of withholdings on restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$689.00K	USD	1 Quarter
Payment of withholdings on restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$369.00K	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$2.00M	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$4.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-184.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.02M	USD	1 Quarter
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$20.41M	USD	1 Quarter
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$168.00K	USD	1 Quarter
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.72M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.55M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.69M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$22.09M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.72M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.55M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.69M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$22.09M	USD	Point-in-time
Interest, net of amounts capitalized	`InterestPaidNet`	$1.31M	USD	1 Quarter
Interest, net of amounts capitalized	`InterestPaidNet`	$2.02M	USD	1 Quarter
Income taxes, net of refunds	`IncomeTaxesPaid`	$59.00K	USD	1 Quarter
Noncash change in operating lease right of use asset and operating lease liabilities from remeasurement of existing leases and addition of new leases	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$2.15M	USD	1 Quarter
Noncash change in operating lease right of use asset and operating lease 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`	$1.36M	USD	1 Quarter
Purchases of property and equipment included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$661.00K	USD	1 Quarter
Payable to seller relating to acquisition of Field and Stream stores	`BusinessCombinationConsiderationPayable`	$1.02M	USD	Point-in-time

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Balance, shares	`CommonStockSharesOutstanding`	43.30M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	43.55M	shares	Point-in-time
Balance	`StockholdersEquity`	$82.54M	USD	Point-in-time
Balance	`StockholdersEquity`	$109.19M	USD	Point-in-time
Balance	`StockholdersEquity`	$110.27M	USD	Point-in-time
Balance	`StockholdersEquity`	$78.66M	USD	Point-in-time
Impact of change for ASC 842 adoption	`CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption`	$9.26M	USD	Point-in-time
Payment of withholdings on restricted stock units	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$689.00K	USD	1 Quarter
Payment of withholdings on restricted stock units	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$369.00K	USD	1 Quarter
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$453.00K	USD	1 Quarter
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$736.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.46M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.13M	USD	1 Quarter
Balance, shares	`CommonStockSharesOutstanding`	43.30M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	43.55M	shares	Point-in-time
Balance	`StockholdersEquity`	$82.54M	USD	Point-in-time
Balance	`StockholdersEquity`	$109.19M	USD	Point-in-time
Balance	`StockholdersEquity`	$110.27M	USD	Point-in-time
Balance	`StockholdersEquity`	$78.66M	USD	Point-in-time

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