10-Q Filing

SPORTSMAN'S WAREHOUSE HOLDINGS, INC. CIK: 1132105 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001564590-14-006066`
Period End Date	20141031
Filing Date	20141205
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	spwh-20141101.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 56 Cash Flow Statement 66

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`	20.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.74M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$36.52M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.35M	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	`ReceivablesNetCurrent`	$413.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`ReceivablesNetCurrent`	$470.00K	USD	Point-in-time
Merchandise inventories	`RetailRelatedInventory`	$161.33M	USD	Point-in-time
Merchandise inventories	`RetailRelatedInventory`	$230.60M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$8.94M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	110,000.00	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$7.75M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	120,000.00	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$2.63M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$2.23M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$6.83M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$3.23M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$251.21M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$176.32M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$49.85M	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`	$6.18M	USD	Point-in-time
Other long-term assets, net	`OtherAssetsNoncurrent`	$2.37M	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`	$315.67M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$62.11M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$27.66M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$31.88M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$38.40M	USD	Point-in-time
Revolving line of credit	`LinesOfCreditCurrent`	$29.05M	USD	Point-in-time
Revolving line of credit	`LinesOfCreditCurrent`	$62.89M	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`	$2.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$167.94M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$93.10M	USD	Point-in-time
Long-term debt, net of discount and current portion	`LongTermDebtNoncurrent`	$154.58M	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`	$28.17M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$252.22M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$182.75M	USD	Point-in-time
Total liabilities	`Liabilities`	$350.68M	USD	Point-in-time
Total liabilities	`Liabilities`	$345.32M	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`	$75.74M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$365.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-111.18M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-121.79M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-35.02M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-121.10M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$315.67M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$224.23M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$474.43M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$467.44M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$182.53M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$175.06M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$317.09M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$121.88M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$119.84M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$320.82M	USD	3 Qtrs
Gross profit	`GrossProfit`	$55.22M	USD	1 Quarter
Gross profit	`GrossProfit`	$60.65M	USD	1 Quarter
Gross profit	`GrossProfit`	$150.35M	USD	3 Qtrs
Gross profit	`GrossProfit`	$153.61M	USD	3 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$38.24M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$106.64M	USD	3 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$42.03M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$122.86M	USD	3 Qtrs
Bankruptcy related expenses	`ReorganizationItems`	$55.00K	USD	3 Qtrs
Bankruptcy related expenses	`ReorganizationItems`	-	USD	1 Quarter
Bankruptcy related expenses	`ReorganizationItems`	-	USD	3 Qtrs
Bankruptcy related expenses	`ReorganizationItems`	-	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$16.98M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$18.62M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$30.75M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$43.65M	USD	3 Qtrs
Interest expense	`InterestExpense`	$13.30M	USD	1 Quarter
Interest expense	`InterestExpense`	$19.89M	USD	3 Qtrs
Interest expense	`InterestExpense`	$4.12M	USD	1 Quarter
Interest expense	`InterestExpense`	$13.49M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.68M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$14.50M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$23.75M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$17.26M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$1.46M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$6.65M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$9.42M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$5.59M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.22M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.61M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$8.92M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.34M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.27	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.43	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.07	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.21	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.27	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.43	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.07	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.21	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	39.34M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	33.23M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	33.23M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	41.82M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.23M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.93M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.23M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.55M	shares	3 Qtrs

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.22M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.61M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$8.92M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.34M	USD	3 Qtrs
Depreciation of property and equipment	`Depreciation`	$3.29M	USD	3 Qtrs
Depreciation of property and equipment	`Depreciation`	$5.18M	USD	3 Qtrs
Amortization of discount on debt and deferred financing fees	`AmortizationOfFinancingCostsAndDiscounts`	$977.00K	USD	3 Qtrs
Amortization of discount on debt and deferred financing fees	`AmortizationOfFinancingCostsAndDiscounts`	$6.61M	USD	3 Qtrs
Amortization of definite lived intangible	`AmortizationOfIntangibleAssets`	$1.35M	USD	3 Qtrs
Amortization of definite lived intangible	`AmortizationOfIntangibleAssets`	$1.06M	USD	3 Qtrs
Net increase (decrease) in deferred rent credit	`StraightLineRent`	$-5.25M	USD	3 Qtrs
Net increase (decrease) in deferred rent credit	`StraightLineRent`	$65.00K	USD	3 Qtrs
Gain on asset dispositions	`GainLossOnDispositionOfAssets1`	$112.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.04M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-403.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$2.78M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	-	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$522.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-1.27M	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$57.00K	USD	3 Qtrs
Merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$75.50M	USD	3 Qtrs
Merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$69.27M	USD	3 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.34M	USD	3 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.82M	USD	3 Qtrs
Other long-term assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-49.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$17.05M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$34.45M	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$303.00K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.19M	USD	3 Qtrs
Income taxes receivable and payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-10.08M	USD	3 Qtrs
Income taxes receivable and payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-3.60M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-40.11M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-13.75M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$23.54M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.52M	USD	3 Qtrs
Purchase of business	`PaymentsToAcquireBusinessesGross`	$47.77M	USD	3 Qtrs
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$124.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-23.54M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-63.16M	USD	3 Qtrs
Net borrowings on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$57.31M	USD	3 Qtrs
Net borrowings on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$33.84M	USD	3 Qtrs
Borrowings on term loan	`ProceedsFromIssuanceOfLongTermDebt`	$235.00M	USD	3 Qtrs
Issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$73.39M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividends`	$101.06M	USD	3 Qtrs
Increase in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$11.73M	USD	3 Qtrs
Increase in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$6.21M	USD	3 Qtrs
Excess tax benefits from stock-based compensation arrangements	`ProceedsAndExcessTaxBenefitFromSharebasedCompensation`	$287.00K	USD	3 Qtrs
Payment of withholdings on restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$993.00K	USD	3 Qtrs
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$3.96M	USD	3 Qtrs
Principal payments on unsecured note payable	`RepaymentsOfUnsecuredDebt`	$2.76M	USD	3 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$75.06M	USD	3 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$125.28M	USD	3 Qtrs
Discount on term loan	`DiscountOnTermLoan`	$2.94M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$37.67M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$68.05M	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$384.00K	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-35.22M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.74M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$36.52M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.30M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.35M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.74M	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`	$1.30M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.35M	USD	Point-in-time

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