10-Q Filing

SPORTSMAN'S WAREHOUSE HOLDINGS, INC. CIK: 1132105 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001564590-14-002452`
Period End Date	20140430
Filing Date	20140611
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	spwh-20140503.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 27 Cash Flow Statement 53

Balance Sheet 76 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`	0.00	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$36.52M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.75M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.35M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$414.00K	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	`ReceivablesNetCurrent`	$437.00K	USD	Point-in-time
Accounts receivable, net	`ReceivablesNetCurrent`	$413.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Merchandise inventories	`RetailRelatedInventory`	$161.33M	USD	Point-in-time
Merchandise inventories	`RetailRelatedInventory`	$202.34M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$5.63M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	110.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	27.55M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$7.75M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	27.27M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	100.00M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$2.23M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	41.47M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$2.23M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$3.23M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$5.65M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.27M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	41.47M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$218.03M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$176.32M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$38.89M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$31.49M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$6.05M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$6.05M	USD	Point-in-time
Definite lived intangibles, net	`FiniteLivedIntangibleAssetsNet`	$7.54M	USD	Point-in-time
Definite lived intangibles, net	`FiniteLivedIntangibleAssetsNet`	$7.08M	USD	Point-in-time
Other long-term assets, net	`OtherAssetsNoncurrent`	$2.68M	USD	Point-in-time
Other long-term assets, net	`OtherAssetsNoncurrent`	$2.83M	USD	Point-in-time
Total assets	`Assets`	$224.23M	USD	Point-in-time
Total assets	`Assets`	$272.73M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$27.66M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$51.03M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$37.27M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$31.88M	USD	Point-in-time
Current portion of long-term debt, net of discount	`LongTermDebtCurrent`	$30.91M	USD	Point-in-time
Current portion of long-term debt, net of discount	`LongTermDebtCurrent`	$51.83M	USD	Point-in-time
Current portion of deferred rent	`DeferredRentCreditCurrent`	$2.64M	USD	Point-in-time
Current portion of deferred rent	`DeferredRentCreditCurrent`	$2.77M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$142.89M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$93.10M	USD	Point-in-time
Long-term debt, net of discount and current portion	`LongTermDebtNoncurrent`	$229.27M	USD	Point-in-time
Long-term debt, net of discount and current portion	`LongTermDebtNoncurrent`	$158.51M	USD	Point-in-time
Deferred rent, net of current portion	`DeferredRentCreditNoncurrent`	$23.48M	USD	Point-in-time
Deferred rent, net of current portion	`DeferredRentCreditNoncurrent`	$22.95M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$252.22M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$181.99M	USD	Point-in-time
Total liabilities	`Liabilities`	$324.88M	USD	Point-in-time
Total liabilities	`Liabilities`	$345.32M	USD	Point-in-time
Commitments and contingencies (Notes 8 & 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Notes 8 & 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $.01 par value; 20,000 and 0 shares authorized; 0 shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value; 20,000 and 0 shares authorized; 0 shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$273.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$415.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$365.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$72.60M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-125.16M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-121.79M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-121.10M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-52.14M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$224.23M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$272.73M	USD	Point-in-time

Income Statement 27 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$132.43M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$136.52M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$93.59M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$92.30M	USD	1 Quarter
Gross profit	`GrossProfit`	$40.13M	USD	1 Quarter
Gross profit	`GrossProfit`	$42.93M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$32.26M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$40.35M	USD	1 Quarter
Bankruptcy related expenses	`DebtorReorganizationItemsOtherExpenseIncome`	$55.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$10.62M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-221.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$3.23M	USD	1 Quarter
Interest expense	`InterestExpense`	$5.26M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.39M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-5.48M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$2.93M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-2.11M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-3.37M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$4.46M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.13	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.10	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.10	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.13	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	33.23M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	34.44M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.23M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	34.44M	shares	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-3.37M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$4.46M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$732.00K	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$1.40M	USD	1 Quarter
Amortization of discount on debt and deferred financing fees	`AmortizationOfDebtDiscountAndDeferredFinancingFees`	$368.00K	USD	1 Quarter
Amortization of discount on debt and deferred financing fees	`AmortizationOfDebtDiscountAndDeferredFinancingFees`	$340.00K	USD	1 Quarter
Amortization of definite lived intangible	`AmortizationOfIntangibleAssets`	$179.00K	USD	1 Quarter
Amortization of definite lived intangible	`AmortizationOfIntangibleAssets`	$451.00K	USD	1 Quarter
Net increase (decrease) in deferred rent credit	`StraightLineRent`	$-652.00K	USD	1 Quarter
Net increase (decrease) in deferred rent credit	`StraightLineRent`	$45.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-421.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.73M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-286.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$24.00K	USD	1 Quarter
Merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$41.01M	USD	1 Quarter
Merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$23.11M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.27M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.06M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$23.36M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$9.87M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.21M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-2.39M	USD	1 Quarter
Income taxes receivable and payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-5.27M	USD	1 Quarter
Income taxes receivable and payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-2.41M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-11.88M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-19.19M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.80M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.86M	USD	1 Quarter
Purchase of business	`PaymentsToAcquireBusinessesGross`	$47.77M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-53.62M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-8.80M	USD	1 Quarter
Net borrowings on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$23.34M	USD	1 Quarter
Net borrowings on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$20.91M	USD	1 Quarter
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$70.30M	USD	1 Quarter
Increase in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$7.77M	USD	1 Quarter
Increase in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$9.15M	USD	1 Quarter
Excess tax benefits from stock-based compensation arrangements	`ProceedsAndExcessTaxBenefitFromSharebasedCompensation`	$287.00K	USD	1 Quarter
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$9.00K	USD	1 Quarter
Principal payments on unsecured note payable	`RepaymentsOfUnsecuredDebt`	$2.76M	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$313.00K	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$70.89M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$28.39M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$29.41M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$398.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-36.10M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$36.52M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.75M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.35M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$414.00K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$36.52M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.75M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.35M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$414.00K	USD	Point-in-time

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