10-Q Filing

SPORTSMAN'S WAREHOUSE HOLDINGS, INC. CIK: 1132105 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001564590-15-010942`
Period End Date	20151031
Filing Date	20151120
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	spwh-20151031.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 52 Cash Flow Statement 58

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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.74M	USD	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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.94M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$393.00K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$425.00K	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
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Merchandise inventories	`RetailRelatedInventory`	$253.88M	USD	Point-in-time
Merchandise inventories	`RetailRelatedInventory`	$185.91M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$5.56M	USD	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
Deferred income taxes, current	`DeferredTaxAssetsLiabilitiesNetCurrent`	$2.93M	USD	Point-in-time
Deferred income taxes, current	`DeferredTaxAssetsLiabilitiesNetCurrent`	$2.74M	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
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`	$203.67M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$264.52M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$69.16M	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`	$3.86M	USD	Point-in-time
Definite lived intangibles, net	`FiniteLivedIntangibleAssetsNet`	$4.38M	USD	Point-in-time
Definite lived intangibles, net	`FiniteLivedIntangibleAssetsNet`	$5.73M	USD	Point-in-time
Other long-term assets, net	`OtherAssetsNoncurrent`	$1.51M	USD	Point-in-time
Other long-term assets, net	`OtherAssetsNoncurrent`	$1.61M	USD	Point-in-time
Total assets	`Assets`	$270.72M	USD	Point-in-time
Total assets	`Assets`	$343.42M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$61.91M	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`	$54.16M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$2.27M	USD	Point-in-time
Revolving line of credit	`LinesOfCreditCurrent`	$49.68M	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`	$3.34M	USD	Point-in-time
Current portion of deferred rent	`DeferredRentCreditCurrent`	$2.87M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$172.68M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$117.22M	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`	$155.71M	USD	Point-in-time
Deferred rent, noncurrent	`DeferredRentCreditNoncurrent`	$29.07M	USD	Point-in-time
Deferred rent, noncurrent	`DeferredRentCreditNoncurrent`	$28.12M	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`	$357.46M	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`	$77.17M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$76.26M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-91.63M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-108.01M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-14.03M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-31.33M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$343.42M	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`	$517.18M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$474.43M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$199.70M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$182.53M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$121.88M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$320.82M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$349.46M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$133.14M	USD	1 Quarter
Gross profit	`GrossProfit`	$60.65M	USD	1 Quarter
Gross profit	`GrossProfit`	$167.72M	USD	3 Qtrs
Gross profit	`GrossProfit`	$153.61M	USD	3 Qtrs
Gross profit	`GrossProfit`	$66.56M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$122.86M	USD	3 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$42.03M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$130.51M	USD	3 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$47.40M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$37.20M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$30.75M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$19.17M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$18.62M	USD	1 Quarter
Interest expense	`InterestExpense`	$13.49M	USD	3 Qtrs
Interest expense	`InterestExpense`	$4.12M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.66M	USD	1 Quarter
Interest expense	`InterestExpense`	$10.57M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$15.51M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$17.26M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$14.50M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$26.64M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$10.26M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$6.65M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$5.97M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$5.59M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.61M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$8.92M	USD	1 Quarter
Net income	`NetIncomeLoss`	$16.38M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$9.54M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.39	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.23	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.27	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.21	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.21	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.39	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.27	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.23	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	41.82M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	39.34M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	41.95M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.00M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.29M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.55M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.93M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.36M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$10.61M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$8.92M	USD	1 Quarter
Net income	`NetIncomeLoss`	$16.38M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$9.54M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$7.21M	USD	3 Qtrs
Depreciation of property and equipment	`Depreciation`	$5.18M	USD	3 Qtrs
Amortization of discount on debt and deferred financing fees	`AmortizationOfFinancingCostsAndDiscounts`	$552.00K	USD	3 Qtrs
Amortization of discount on debt and deferred financing fees	`AmortizationOfFinancingCostsAndDiscounts`	$977.00K	USD	3 Qtrs
Amortization of definite lived intangible	`AmortizationOfIntangibleAssets`	$1.35M	USD	3 Qtrs
Amortization of definite lived intangible	`AmortizationOfIntangibleAssets`	$1.35M	USD	3 Qtrs
Net increase in deferred rent	`StraightLineRent`	$-1.41M	USD	3 Qtrs
Net increase in deferred rent	`StraightLineRent`	$-5.25M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-403.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.73M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.67M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$2.78M	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$57.00K	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-32.00K	USD	3 Qtrs
Merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$69.27M	USD	3 Qtrs
Merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$67.97M	USD	3 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.66M	USD	3 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.34M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$34.45M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$33.41M	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$303.00K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.03M	USD	3 Qtrs
Income taxes receivable and payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$7.46M	USD	3 Qtrs
Income taxes receivable and payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-3.60M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-13.75M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$3.86M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$29.82M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$23.54M	USD	3 Qtrs
Proceeds from sale-leaseback transactions	`SaleLeasebackTransactionNetProceedsInvestingActivities`	$7.76M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-22.06M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-23.54M	USD	3 Qtrs
Net borrowings on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$7.78M	USD	3 Qtrs
Net borrowings on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$33.84M	USD	3 Qtrs
Issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$73.39M	USD	3 Qtrs
Increase in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$12.57M	USD	3 Qtrs
Increase in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$6.21M	USD	3 Qtrs
Excess tax benefits from stock-based compensation arrangements	`ProceedsAndExcessTaxBenefitFromSharebasedCompensation`	$283.00K	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`	$1.04M	USD	3 Qtrs
Payment of withholdings on restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$993.00K	USD	3 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$1.20M	USD	3 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$75.06M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$18.39M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$37.67M	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$190.00K	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$384.00K	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`	$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 beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.94M	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`	$1.35M	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`	$1.94M	USD	Point-in-time

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