10-Q Filing

SPORTSMAN'S WAREHOUSE HOLDINGS, INC. CIK: 1132105 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001564590-15-007620`
Period End Date	20150731
Filing Date	20150828
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	spwh-20150801.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 52 Cash Flow Statement 55

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`	$1.65M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$583.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.35M	USD	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
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$419.00K	USD	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`	$185.91M	USD	Point-in-time
Merchandise inventories	`RetailRelatedInventory`	$235.45M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$7.47M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$4.07M	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
Deferred income taxes, current	`DeferredTaxAssetsLiabilitiesNetCurrent`	$2.93M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	41.82M	shares	Point-in-time
Deferred income taxes, current	`DeferredTaxAssetsLiabilitiesNetCurrent`	$2.51M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	42.00M	shares	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$3.66M	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`	$5.19M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$246.70M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$203.67M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$54.32M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$69.10M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$5.40M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$3.86M	USD	Point-in-time
Definite lived intangibles, net	`FiniteLivedIntangibleAssetsNet`	$5.73M	USD	Point-in-time
Definite lived intangibles, net	`FiniteLivedIntangibleAssetsNet`	$4.83M	USD	Point-in-time
Other long-term assets, net	`OtherAssetsNoncurrent`	$1.61M	USD	Point-in-time
Other long-term assets, net	`OtherAssetsNoncurrent`	$1.44M	USD	Point-in-time
Total assets	`Assets`	$325.93M	USD	Point-in-time
Total assets	`Assets`	$270.72M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$28.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$60.21M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$42.62M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$52.45M	USD	Point-in-time
Revolving line of credit	`LinesOfCreditCurrent`	$48.36M	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`	$2.97M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$117.22M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$165.32M	USD	Point-in-time
Long-term debt, net of discount and current portion	`LongTermDebtNoncurrent`	$156.71M	USD	Point-in-time
Long-term debt, net of discount and current portion	`LongTermDebtNoncurrent`	$156.05M	USD	Point-in-time
Deferred rent, noncurrent	`DeferredRentCreditNoncurrent`	$28.12M	USD	Point-in-time
Deferred rent, noncurrent	`DeferredRentCreditNoncurrent`	$28.73M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$184.83M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$184.78M	USD	Point-in-time
Total liabilities	`Liabilities`	$350.09M	USD	Point-in-time
Total liabilities	`Liabilities`	$302.06M	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 20,000 shares authorized, respectively; 0 shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value; 20,000 and 20,000 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; 42,004 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; 42,004 and 41,818 shares issued and outstanding, respectively	`CommonStockValue`	$420.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$76.58M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$76.26M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-108.01M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-101.17M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-24.17M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-31.33M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$325.93M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$270.72M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$291.89M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$317.48M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$159.47M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$172.99M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$114.98M	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`	$216.32M	USD	2 Qtrs
Gross profit	`GrossProfit`	$52.83M	USD	1 Quarter
Gross profit	`GrossProfit`	$101.15M	USD	2 Qtrs
Gross profit	`GrossProfit`	$92.95M	USD	2 Qtrs
Gross profit	`GrossProfit`	$58.00M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$83.12M	USD	2 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$80.83M	USD	2 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$41.22M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$40.48M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$12.34M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$16.79M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$12.12M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$18.03M	USD	2 Qtrs
Interest expense	`InterestExpense`	$3.45M	USD	1 Quarter
Interest expense	`InterestExpense`	$6.91M	USD	2 Qtrs
Interest expense	`InterestExpense`	$4.11M	USD	1 Quarter
Interest expense	`InterestExpense`	$9.37M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$8.24M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.76M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$13.34M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$11.13M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$5.14M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.06M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$3.17M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.29M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.70M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$6.84M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$5.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.20M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.04	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.20	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.12	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.16	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.12	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.16	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.04	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.19	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	41.93M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	38.10M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	41.77M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.00M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.31M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.34M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.24M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.97M	shares	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$1.70M	USD	2 Qtrs
Net income	`ProfitLoss`	$6.84M	USD	2 Qtrs
Depreciation of property and equipment	`Depreciation`	$3.17M	USD	2 Qtrs
Depreciation of property and equipment	`Depreciation`	$4.63M	USD	2 Qtrs
Amortization of discount on debt and deferred financing fees	`AmortizationOfFinancingCostsAndDiscounts`	$674.00K	USD	2 Qtrs
Amortization of discount on debt and deferred financing fees	`AmortizationOfFinancingCostsAndDiscounts`	$362.00K	USD	2 Qtrs
Amortization of definite lived intangible	`AmortizationOfIntangibleAssets`	$902.00K	USD	2 Qtrs
Amortization of definite lived intangible	`AmortizationOfIntangibleAssets`	$903.00K	USD	2 Qtrs
Net increase in deferred rent	`StraightLineRent`	$-5.56M	USD	2 Qtrs
Net increase in deferred rent	`StraightLineRent`	$-705.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-202.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.95M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.08M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$2.26M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-6.00K	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-41.00K	USD	2 Qtrs
Merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$46.05M	USD	2 Qtrs
Merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$49.54M	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.33M	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.19M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$31.71M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$22.02M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.69M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-4.25M	USD	2 Qtrs
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-1.53M	USD	2 Qtrs
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$5.32M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-18.12M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-734.00K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$19.59M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$19.41M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-19.59M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-19.41M	USD	2 Qtrs
Net borrowings on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$6.46M	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`	$14.07M	USD	2 Qtrs
Increase in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$5.93M	USD	2 Qtrs
Excess tax benefits from stock-based compensation arrangements	`ProceedsAndExcessTaxBenefitFromSharebasedCompensation`	$287.00K	USD	2 Qtrs
Excess tax benefits from stock-based compensation arrangements	`ProceedsAndExcessTaxBenefitFromSharebasedCompensation`	$283.00K	USD	2 Qtrs
Payment of withholdings on restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$993.00K	USD	2 Qtrs
Payment of withholdings on restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.04M	USD	2 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$74.47M	USD	2 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$800.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$38.01M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$18.98M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$298.00K	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.17M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.65M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$583.00K	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`	$1.75M	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`	$583.00K	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`	$1.75M	USD	Point-in-time

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