10-Q Filing

SPORTSMAN'S WAREHOUSE HOLDINGS, INC. CIK: 1132105 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001564590-14-004073`
Period End Date	20140731
Filing Date	20140912
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	spwh-20140802.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 53 Cash Flow Statement 60

Balance Sheet 68 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
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`	$1.21M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.35M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.65M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$36.52M	USD	Point-in-time
Accounts receivable, net	`ReceivablesNetCurrent`	$413.00K	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`	$372.00K	USD	Point-in-time
Merchandise inventories	`RetailRelatedInventory`	$207.38M	USD	Point-in-time
Merchandise inventories	`RetailRelatedInventory`	$161.33M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	110.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	120.00M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$8.82M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$7.75M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$2.43M	USD	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`	$8.55M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$176.32M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$229.21M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$31.49M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$47.92M	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`	$6.63M	USD	Point-in-time
Definite lived intangibles, net	`FiniteLivedIntangibleAssetsNet`	$7.54M	USD	Point-in-time
Other long-term assets, net	`OtherAssetsNoncurrent`	$2.52M	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`	$292.33M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$27.66M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$49.69M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$36.13M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$31.88M	USD	Point-in-time
Revolving line of credit	`LinesOfCreditCurrent`	$62.91M	USD	Point-in-time
Revolving line of credit	`LinesOfCreditCurrent`	$29.05M	USD	Point-in-time
Current portion of long-term debt, net of discount	`LongTermDebtCurrent`	$1.86M	USD	Point-in-time
Current portion of long-term debt, net of discount	`LongTermDebtCurrent`	$1.86M	USD	Point-in-time
Current portion of deferred rent	`DeferredRentCreditCurrent`	$2.64M	USD	Point-in-time
Current portion of deferred rent	`DeferredRentCreditCurrent`	$2.48M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$93.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$153.07M	USD	Point-in-time
Long-term debt, net of discount and current portion	`LongTermDebtNoncurrent`	$155.04M	USD	Point-in-time
Long-term debt, net of discount and current portion	`LongTermDebtNoncurrent`	$229.27M	USD	Point-in-time
Deferred rent, net of current portion	`DeferredRentCreditNoncurrent`	$22.95M	USD	Point-in-time
Deferred rent, net of current portion	`DeferredRentCreditNoncurrent`	$28.67M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$183.71M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$252.22M	USD	Point-in-time
Total liabilities	`Liabilities`	$345.32M	USD	Point-in-time
Total liabilities	`Liabilities`	$336.79M	USD	Point-in-time
Commitments and contingencies (Notes 8, 9, & 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Notes 8, 9, & 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $.01 par value; 20,000 and 0 shares authorized, respectively; 0 shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value; 20,000 and 0 shares authorized, respectively; 0 shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$365.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$75.22M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-121.79M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-120.10M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-44.46M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-121.10M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$224.23M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$292.33M	USD	Point-in-time

Income Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$291.89M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$292.38M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$155.86M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$159.47M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$106.64M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$198.94M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$197.25M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$103.67M	USD	1 Quarter
Gross profit	`GrossProfit`	$52.19M	USD	1 Quarter
Gross profit	`GrossProfit`	$95.12M	USD	2 Qtrs
Gross profit	`GrossProfit`	$92.95M	USD	2 Qtrs
Gross profit	`GrossProfit`	$52.83M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$36.14M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$40.48M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$68.40M	USD	2 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$80.83M	USD	2 Qtrs
Bankruptcy related expenses	`ReorganizationItems`	$55.00K	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$12.34M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$26.67M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$16.05M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$12.12M	USD	2 Qtrs
Interest expense	`InterestExpense`	$4.11M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.37M	USD	1 Quarter
Interest expense	`InterestExpense`	$9.37M	USD	2 Qtrs
Interest expense	`InterestExpense`	$6.59M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.76M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$20.07M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.24M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.69M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$5.03M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$3.17M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.06M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$7.96M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$5.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.12M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$7.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.70M	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.36	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.12	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.04	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.23	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.23	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.04	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.12	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.36	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	33.23M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	33.23M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	41.77M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.10M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.23M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.31M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.23M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.97M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$5.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.12M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$7.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.70M	USD	2 Qtrs
Depreciation of property and equipment	`Depreciation`	$1.81M	USD	2 Qtrs
Depreciation of property and equipment	`Depreciation`	$3.17M	USD	2 Qtrs
Amortization of discount on debt and deferred financing fees	`AmortizationOfFinancingCostsAndDiscounts`	$738.00K	USD	2 Qtrs
Amortization of discount on debt and deferred financing fees	`AmortizationOfFinancingCostsAndDiscounts`	$674.00K	USD	2 Qtrs
Amortization of definite lived intangible	`AmortizationOfIntangibleAssets`	$613.00K	USD	2 Qtrs
Amortization of definite lived intangible	`AmortizationOfIntangibleAssets`	$903.00K	USD	2 Qtrs
Net increase in deferred rent credit	`StraightLineRent`	$-66.00K	USD	2 Qtrs
Net increase in deferred rent credit	`StraightLineRent`	$-5.56M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-202.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-499.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	-	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$2.26M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$524.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-1.27M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-41.00K	USD	2 Qtrs
Merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$46.05M	USD	2 Qtrs
Merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$44.77M	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.45M	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.19M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$22.02M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$16.53M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.05M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.69M	USD	2 Qtrs
Income taxes receivable and payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-5.32M	USD	2 Qtrs
Income taxes receivable and payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-9.39M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-18.12M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-21.12M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$19.59M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.88M	USD	2 Qtrs
Purchase of business	`PaymentsToAcquireBusinessesGross`	$47.77M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-59.65M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-19.59M	USD	2 Qtrs
Net borrowings on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$40.92M	USD	2 Qtrs
Net borrowings on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$33.86M	USD	2 Qtrs
Issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$73.39M	USD	2 Qtrs
Increase in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$5.93M	USD	2 Qtrs
Increase in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$7.95M	USD	2 Qtrs
Excess tax benefits from stock-based compensation arrangements	`ProceedsAndExcessTaxBenefitFromSharebasedCompensation`	$287.00K	USD	2 Qtrs
Payment of withholdings on restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$993.00K	USD	2 Qtrs
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$9.00K	USD	2 Qtrs
Principal payments on unsecured note payable	`RepaymentsOfUnsecuredDebt`	$2.76M	USD	2 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$625.00K	USD	2 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$74.47M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$45.48M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$38.01M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$298.00K	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-35.30M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.21M	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`	$1.65M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$36.52M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.21M	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`	$1.65M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$36.52M	USD	Point-in-time

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