10-Q Filing

SPORTSMAN'S WAREHOUSE HOLDINGS, INC. CIK: 1132105 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001558370-22-009588`
Period End Date	20220430
Filing Date	20220601
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	spwh-20220430x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 26 Cash Flow Statement 59 Stockholders Equity 18

Balance Sheet 72 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 and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$57.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$57.70M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.25M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.94M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Merchandise inventories	`RetailRelatedInventory`	$436.44M	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`	$386.56M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$21.95M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$20.88M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	43.88M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	44.12M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$467.47M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$516.27M	USD	Point-in-time
Operating lease right of use asset	`OperatingLeaseRightOfUseAsset`	$245.86M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	43.88M	shares	Point-in-time
Operating lease right of use asset	`OperatingLeaseRightOfUseAsset`	$243.05M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	44.12M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$133.87M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$128.30M	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`	$252.00K	USD	Point-in-time
Definite lived intangibles, net	`FiniteLivedIntangibleAssetsNet`	$264.00K	USD	Point-in-time
Total assets	`Assets`	$840.58M	USD	Point-in-time
Total assets	`Assets`	$897.75M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$100.62M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$58.92M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$93.04M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$109.01M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$10.09M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$9.50M	USD	Point-in-time
Operating lease liability, current	`OperatingLeaseLiabilityCurrent`	$41.70M	USD	Point-in-time
Operating lease liability, current	`OperatingLeaseLiabilityCurrent`	$40.92M	USD	Point-in-time
Revolving line of credit	`LinesOfCreditCurrent`	$66.05M	USD	Point-in-time
Revolving line of credit	`LinesOfCreditCurrent`	$98.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$343.95M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$284.41M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$5.51M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$5.78M	USD	Point-in-time
Operating lease liability, noncurrent	`OperatingLeaseLiabilityNoncurrent`	$232.61M	USD	Point-in-time
Operating lease liability, noncurrent	`OperatingLeaseLiabilityNoncurrent`	$236.23M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$242.01M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$238.13M	USD	Point-in-time
Total liabilities	`Liabilities`	$582.08M	USD	Point-in-time
Total liabilities	`Liabilities`	$526.41M	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; 44,121 and 43,880 shares issued and outstanding, respectively	`CommonStockValue`	$439.00K	USD	Point-in-time
Common stock, $.01 par value; 100,000 shares authorized; 44,121 and 43,880 shares issued and outstanding, respectively	`CommonStockValue`	$441.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$90.36M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$90.85M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$222.88M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$224.88M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$204.66M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$315.68M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$213.86M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$314.17M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$897.75M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$840.58M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$326.99M	USD	1 Quarter
Net sales	`Revenues`	$309.50M	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$222.94M	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$210.41M	USD	1 Quarter
Gross profit	`GrossProfit`	$99.09M	USD	1 Quarter
Gross profit	`GrossProfit`	$104.05M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$96.08M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$90.42M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$13.63M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$3.01M	USD	1 Quarter
Interest expense	`InterestExpense`	$567.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$226.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.44M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$13.40M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$441.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$2.95M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.45M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.00M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.24	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.05	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.23	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	43.69M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	43.94M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.51M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.22M	shares	1 Quarter

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$2.00M	USD	1 Quarter
Net income	`ProfitLoss`	$10.45M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$5.77M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$7.39M	USD	1 Quarter
Amortization of deferred financing fees	`AmortizationOfFinancingCostsAndDiscounts`	$66.00K	USD	1 Quarter
Amortization of deferred financing fees	`AmortizationOfFinancingCostsAndDiscounts`	$63.00K	USD	1 Quarter
Amortization of definite lived intangible	`AmortizationOfIntangibleAssets`	$24.00K	USD	1 Quarter
Amortization of definite lived intangible	`AmortizationOfIntangibleAssets`	$10.00K	USD	1 Quarter
Noncash lease expense	`NoncashLeaseExpense`	$3.54M	USD	1 Quarter
Noncash lease expense	`NoncashLeaseExpense`	$1.39M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-56.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-266.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.36M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.02M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-7.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-683.00K	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-9.19M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-7.24M	USD	1 Quarter
Merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$43.64M	USD	1 Quarter
Merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$49.88M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.01M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$910.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$41.24M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$34.13M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-15.40M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-7.95M	USD	1 Quarter
Income taxes payable and receivable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$2.96M	USD	1 Quarter
Income taxes payable and receivable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$591.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.01M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-16.84M	USD	1 Quarter
Purchase of property and equipment, net of amounts acquired	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.62M	USD	1 Quarter
Purchase of property and equipment, net of amounts acquired	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.62M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.00M	USD	1 Quarter
Net borrowings on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$32.45M	USD	1 Quarter
Increase in book overdraft, net	`IncreaseDecreaseInBookOverdrafts`	$6.09M	USD	1 Quarter
Increase in book overdraft, net	`IncreaseDecreaseInBookOverdrafts`	$-1.07M	USD	1 Quarter
Payment of withholdings on restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.84M	USD	1 Quarter
Payment of withholdings on restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.27M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$29.53M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.82M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-5.81M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$687.00K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$65.53M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$57.02M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$57.70M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$59.72M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$65.53M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$57.02M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$57.70M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$59.72M	USD	Point-in-time
Interest, net of amounts capitalized	`InterestPaidNet`	$226.00K	USD	1 Quarter
Interest, net of amounts capitalized	`InterestPaidNet`	$490.00K	USD	1 Quarter
Income taxes, net of refunds	`IncomeTaxesPaid`	$116.00K	USD	1 Quarter
Income taxes, net of refunds	`IncomeTaxesPaid`	$53.00K	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`	$6.38M	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`	$5.56M	USD	1 Quarter
Purchases of property and equipment included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$4.79M	USD	1 Quarter
Purchases of property and equipment included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$4.29M	USD	1 Quarter

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance, shares	`CommonStockSharesOutstanding`	43.88M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	44.12M	shares	Point-in-time
Balance	`StockholdersEquity`	$204.66M	USD	Point-in-time
Balance	`StockholdersEquity`	$315.68M	USD	Point-in-time
Balance	`StockholdersEquity`	$213.86M	USD	Point-in-time
Balance	`StockholdersEquity`	$314.17M	USD	Point-in-time
Payment of withholdings on restricted stock units	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.27M	USD	1 Quarter
Payment of withholdings on restricted stock units	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.84M	USD	1 Quarter
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.02M	USD	1 Quarter
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.36M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.45M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.00M	USD	1 Quarter
Balance, shares	`CommonStockSharesOutstanding`	43.88M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	44.12M	shares	Point-in-time
Balance	`StockholdersEquity`	$204.66M	USD	Point-in-time
Balance	`StockholdersEquity`	$315.68M	USD	Point-in-time
Balance	`StockholdersEquity`	$213.86M	USD	Point-in-time
Balance	`StockholdersEquity`	$314.17M	USD	Point-in-time

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