10-Q Filing

SPORTSMAN'S WAREHOUSE HOLDINGS, INC. CIK: 1132105 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001564590-16-019918`
Period End Date	20160430
Filing Date	20160525
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	spwh-20160430.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 26 Cash Flow Statement 61

Balance Sheet 73 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`	$2.01M	USD	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`	$1.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.11M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$469.00K	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	`AccountsReceivableNetCurrent`	$446.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Merchandise inventories	`RetailRelatedInventory`	$217.79M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Merchandise inventories	`RetailRelatedInventory`	$250.97M	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`	$3.00M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	42.19M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$9.34M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$4.80M	USD	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
Income taxes receivable	`IncomeTaxesReceivable`	$2.06M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	42.19M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$232.71M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$260.67M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$62.43M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$70.01M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$4.63M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$2.26M	USD	Point-in-time
Definite lived intangibles, net	`FiniteLivedIntangibleAssetsNet`	$3.92M	USD	Point-in-time
Definite lived intangibles, net	`FiniteLivedIntangibleAssetsNet`	$3.47M	USD	Point-in-time
Total assets	`Assets`	$301.33M	USD	Point-in-time
Total assets	`Assets`	$338.79M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$46.70M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$58.61M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$42.48M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$49.87M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$1.78M	USD	Point-in-time
Revolving line of credit	`LinesOfCreditCurrent`	$25.26M	USD	Point-in-time
Revolving line of credit	`LinesOfCreditCurrent`	$63.34M	USD	Point-in-time
Current portion of long-term debt, net of discount and debt issuance costs	`LongTermDebtCurrent`	$8.68M	USD	Point-in-time
Current portion of long-term debt, net of discount and debt issuance costs	`LongTermDebtCurrent`	$983.00K	USD	Point-in-time
Current portion of deferred rent	`DeferredRentCreditCurrent`	$3.39M	USD	Point-in-time
Current portion of deferred rent	`DeferredRentCreditCurrent`	$3.02M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$176.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$127.92M	USD	Point-in-time
Long-term debt, net of discount, debt issuance costs, and current portion	`LongTermDebtNoncurrent`	$134.27M	USD	Point-in-time
Long-term debt, net of discount, debt issuance costs, and current portion	`LongTermDebtNoncurrent`	$146.33M	USD	Point-in-time
Deferred rent, noncurrent	`DeferredRentCreditNoncurrent`	$30.66M	USD	Point-in-time
Deferred rent, noncurrent	`DeferredRentCreditNoncurrent`	$29.13M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$164.94M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$175.47M	USD	Point-in-time
Total liabilities	`Liabilities`	$303.39M	USD	Point-in-time
Total liabilities	`Liabilities`	$341.14M	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 shares authorized; 0 shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value; 20,000 shares authorized; 0 shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.01 par value; 100,000 shares authorized; 42,187 and 42,004 shares issued and outstanding, respectively	`CommonStockValue`	$422.00K	USD	Point-in-time
Common stock, $.01 par value; 100,000 shares authorized; 42,187 and 42,004 shares issued and outstanding, respectively	`CommonStockValue`	$420.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$77.15M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$77.76M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-79.92M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-80.24M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-2.35M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-2.06M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$338.79M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$301.33M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$139.16M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$151.62M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$96.01M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$103.14M	USD	1 Quarter
Gross profit	`GrossProfit`	$43.15M	USD	1 Quarter
Gross profit	`GrossProfit`	$48.47M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$41.90M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$46.12M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$2.36M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.25M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.59M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.46M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.21M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.23M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-1.54M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-852.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.36M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$311.00K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.03	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.03	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	41.85M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.03M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.85M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.33M	shares	1 Quarter

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-1.36M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$311.00K	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$2.17M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$2.68M	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`	$355.00K	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`	$-1.91M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$599.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$633.00K	USD	1 Quarter
Excess tax benefits from stock-based compensation arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$283.00K	USD	1 Quarter
Excess tax benefits from stock-based compensation arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$470.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$597.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$625.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-23.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$129.00K	USD	1 Quarter
Merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$33.17M	USD	1 Quarter
Merchandise inventories	`IncreaseDecreaseInRetailRelatedInventories`	$30.82M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.50M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.37M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$25.50M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$11.91M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.82M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-2.04M	USD	1 Quarter
Income taxes receivable and payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-1.48M	USD	1 Quarter
Income taxes receivable and payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-3.36M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-15.65M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-2.92M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.72M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.87M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-8.72M	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`	$38.08M	USD	1 Quarter
Increase in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$7.89M	USD	1 Quarter
Increase in book overdraft	`IncreaseDecreaseInBookOverdrafts`	$2.84M	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
Payment of withholdings on restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.23M	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$400.00K	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$20.07M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$12.04M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$24.66M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$255.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$295.00K	USD	1 Quarter
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`	$2.40M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.11M	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`	$2.40M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.11M	USD	Point-in-time
Interest	`InterestPaid`	$2.95M	USD	1 Quarter
Interest	`InterestPaid`	$3.15M	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$26.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$1.72M	USD	1 Quarter
Purchases of property and equipment included in accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$2.36M	USD	1 Quarter
Purchases of property and equipment included in accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$2.64M	USD	1 Quarter

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