10-Q Filing

SPORTSMAN'S WAREHOUSE HOLDINGS, INC. CIK: 1132105 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001564590-15-004718`
Period End Date	20150430
Filing Date	20150529
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	spwh-20150502.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 26 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`	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`	$1.35M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.01M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.75M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$554.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$425.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Merchandise inventories	`RetailRelatedInventory`	$216.73M	USD	Point-in-time
Merchandise inventories	`RetailRelatedInventory`	$185.91M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$4.06M	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
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$7.47M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	41.82M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	42.00M	shares	Point-in-time
Deferred income taxes, current	`DeferredTaxAssetsLiabilitiesNetCurrent`	$2.33M	USD	Point-in-time
Deferred income taxes, current	`DeferredTaxAssetsLiabilitiesNetCurrent`	$2.93M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	42.00M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	41.82M	shares	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$6.95M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$5.19M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$232.63M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$203.67M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$61.02M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$54.32M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$5.40M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$5.40M	USD	Point-in-time
Definite lived intangibles, net	`FiniteLivedIntangibleAssetsNet`	$5.73M	USD	Point-in-time
Definite lived intangibles, net	`FiniteLivedIntangibleAssetsNet`	$5.28M	USD	Point-in-time
Other long-term assets, net	`OtherAssetsNoncurrent`	$1.61M	USD	Point-in-time
Other long-term assets, net	`OtherAssetsNoncurrent`	$1.52M	USD	Point-in-time
Total assets	`Assets`	$305.85M	USD	Point-in-time
Total assets	`Assets`	$270.72M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$53.99M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$28.50M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$42.62M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$43.64M	USD	Point-in-time
Revolving line of credit	`LinesOfCreditCurrent`	$52.26M	USD	Point-in-time
Revolving line of credit	`LinesOfCreditCurrent`	$41.90M	USD	Point-in-time
Current portion of long-term debt, net of discount	`LongTermDebtCurrent`	$1.33M	USD	Point-in-time
Current portion of long-term debt, net of discount	`LongTermDebtCurrent`	$1.33M	USD	Point-in-time
Current portion of deferred rent	`DeferredRentCreditCurrent`	$2.87M	USD	Point-in-time
Current portion of deferred rent	`DeferredRentCreditCurrent`	$3.57M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$117.22M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$154.79M	USD	Point-in-time
Long-term debt, net of discount and current portion	`LongTermDebtNoncurrent`	$156.38M	USD	Point-in-time
Long-term debt, net of discount and current portion	`LongTermDebtNoncurrent`	$156.71M	USD	Point-in-time
Deferred rent, noncurrent	`DeferredRentCreditNoncurrent`	$28.12M	USD	Point-in-time
Deferred rent, noncurrent	`DeferredRentCreditNoncurrent`	$27.53M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$183.91M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$184.83M	USD	Point-in-time
Total liabilities	`Liabilities`	$302.06M	USD	Point-in-time
Total liabilities	`Liabilities`	$338.70M	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 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
Common stock, $.01 par value; 100,000 and 100,000 shares authorized, respectively; 42,003 and 41,818 shares issued and outstanding, respectively	`CommonStockValue`	$418.00K	USD	Point-in-time
Common stock, $.01 par value; 100,000 and 100,000 shares authorized, respectively; 42,003 and 41,818 shares issued and outstanding, respectively	`CommonStockValue`	$420.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$76.10M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$76.26M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-109.37M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-108.01M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-32.85M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-31.33M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$305.85M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$270.72M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$144.49M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$132.43M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$101.34M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$92.30M	USD	1 Quarter
Gross profit	`GrossProfit`	$43.15M	USD	1 Quarter
Gross profit	`GrossProfit`	$40.13M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$41.90M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$40.35M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-221.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$1.25M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.46M	USD	1 Quarter
Interest expense	`InterestExpense`	$5.26M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.48M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.21M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-852.00K	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-2.11M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.36M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.37M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.10	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.03	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.10	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.03	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	41.85M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	34.44M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.85M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	34.44M	shares	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.36M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.37M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$1.40M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$2.17M	USD	1 Quarter
Amortization of discount on debt and deferred financing fees	`AmortizationOfFinancingCostsAndDiscounts`	$180.00K	USD	1 Quarter
Amortization of discount on debt and deferred financing fees	`AmortizationOfFinancingCostsAndDiscounts`	$340.00K	USD	1 Quarter
Amortization of definite lived intangible	`AmortizationOfIntangibleAssets`	$451.00K	USD	1 Quarter
Amortization of definite lived intangible	`AmortizationOfIntangibleAssets`	$451.00K	USD	1 Quarter
Net increase in deferred rent	`StraightLineRent`	$-108.00K	USD	1 Quarter
Net increase in deferred rent	`StraightLineRent`	$-652.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$599.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$597.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.73M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$24.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$129.00K	USD	1 Quarter
Merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$41.01M	USD	1 Quarter
Merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$30.82M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.37M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.06M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$25.50M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$23.36M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.82M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-2.39M	USD	1 Quarter
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-2.41M	USD	1 Quarter
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-1.76M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-2.92M	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`	$8.87M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-8.80M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-8.87M	USD	1 Quarter
Net borrowings on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$10.36M	USD	1 Quarter
Net borrowings on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$20.91M	USD	1 Quarter
Issuance of common stock, net	`ProceedsFromPaymentOfIssuanceOfCommonStock`	$-70.30M	USD	1 Quarter
Increase in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$2.84M	USD	1 Quarter
Increase in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$7.77M	USD	1 Quarter
Excess tax benefits from stock-based compensation arrangements	`ProceedsAndExcessTaxBenefitFromSharebasedCompensation`	$287.00K	USD	1 Quarter
Excess tax benefits from stock-based compensation arrangements	`ProceedsAndExcessTaxBenefitFromSharebasedCompensation`	$283.00K	USD	1 Quarter
Payment of withholdings on restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.04M	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$400.00K	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$70.89M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$12.04M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$28.39M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$398.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$255.00K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.35M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.01M	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`	$1.75M	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`	$2.01M	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`	$1.75M	USD	Point-in-time

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