2023 Q1 Form 10-K Financial Statement

#000088524523000008 Filed on March 29, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2023
Revenue $401.8M $1.345B
YoY Change 5.48% 3.91%
Cost Of Revenue $188.7M $669.2M
YoY Change 5.7% 4.3%
Gross Profit $213.1M $676.0M
YoY Change 5.29% 3.52%
Gross Profit Margin 53.03% 50.25%
Selling, General & Admin $103.1M $347.9M
YoY Change 11.17% 9.56%
% of Gross Profit 48.4% 51.46%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.265M $18.86M
YoY Change 13.06% 0.89%
% of Gross Profit 2.47% 2.79%
Operating Expenses $103.1M $347.9M
YoY Change 11.17% 9.56%
Operating Profit $109.9M $328.1M
YoY Change 0.31% -2.2%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $4.213M $6.924M
YoY Change 135.23% 206.91%
Pretax Income $114.2M $335.1M
YoY Change 2.48% -0.8%
Income Tax $26.31M $80.43M
% Of Pretax Income 23.05% 24.0%
Net Earnings $87.84M $254.6M
YoY Change 4.68% -0.08%
Net Earnings / Revenue 21.86% 18.93%
Basic Earnings Per Share $5.17
Diluted Earnings Per Share $1.76 $5.13
COMMON SHARES
Basic Shares Outstanding 50.46M shares 49.27M shares
Diluted Shares Outstanding 49.63M shares

Balance Sheet

Concept 2023 Q1 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $273.1M $273.1M
YoY Change 2.31% 2.31%
Cash & Equivalents $252.1M $252.1M
Short-Term Investments $21.00M $21.00M
Other Short-Term Assets $12.48M $12.48M
YoY Change 23.22% 23.22%
Inventory $125.1M $125.1M
Prepaid Expenses
Receivables $12.65M $12.65M
Other Receivables $0.00 $0.00
Total Short-Term Assets $423.3M $423.3M
YoY Change 8.21% 8.21%
LONG-TERM ASSETS
Property, Plant & Equipment $383.8M $383.8M
YoY Change 281.9% 6.79%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $20.62M $20.62M
YoY Change 6.57% 6.57%
Other Assets $9.796M $9.796M
YoY Change -10.19% 2.97%
Total Long-Term Assets $414.2M $414.2M
YoY Change 6.3% 6.3%
TOTAL ASSETS
Total Short-Term Assets $423.3M $423.3M
Total Long-Term Assets $414.2M $414.2M
Total Assets $837.6M $837.6M
YoY Change 7.26% 7.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $44.84M $44.84M
YoY Change -25.21% -25.21%
Accrued Expenses $164.4M $164.4M
YoY Change -3.61% -3.61%
Deferred Revenue $16.78M
YoY Change 1.86%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $226.0M $226.0M
YoY Change -9.05% -9.05%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $235.2M $235.2M
YoY Change 7.2% 7.2%
Total Long-Term Liabilities $235.2M $235.2M
YoY Change 7.2% 7.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $226.0M $226.0M
Total Long-Term Liabilities $235.2M $235.2M
Total Liabilities $461.3M $461.3M
YoY Change -1.43% -1.43%
SHAREHOLDERS EQUITY
Retained Earnings $196.8M
YoY Change 35.67%
Common Stock $179.5M
YoY Change 6.94%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $376.3M $376.3M
YoY Change
Total Liabilities & Shareholders Equity $837.6M $837.6M
YoY Change 7.26% 7.26%

Cashflow Statement

Concept 2023 Q1 2023
OPERATING ACTIVITIES
Net Income $87.84M $254.6M
YoY Change 4.68% -0.08%
Depreciation, Depletion And Amortization $5.265M $18.86M
YoY Change 13.06% 0.89%
Cash From Operating Activities $107.3M $242.4M
YoY Change 18.29% -22.25%
INVESTING ACTIVITIES
Capital Expenditures $7.994M $30.36M
YoY Change -215.49% 58.95%
Acquisitions
YoY Change
Other Investing Activities $882.0K $30.00K
YoY Change -3250.0% 0.0%
Cash From Investing Activities -$7.112M -$41.40M
YoY Change 2.33% 43.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -150.3M -$202.9M
YoY Change -49.66% -41.67%
NET CHANGE
Cash From Operating Activities 107.3M $242.4M
Cash From Investing Activities -7.112M -$41.40M
Cash From Financing Activities -150.3M -$202.9M
Net Change In Cash -50.10M -$1.893M
YoY Change -76.67% -97.08%
FREE CASH FLOW
Cash From Operating Activities $107.3M $242.4M
Capital Expenditures $7.994M $30.36M
Free Cash Flow $99.29M $212.0M
YoY Change 1.71% -27.55%

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CY2023Q1 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Fair Value
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0 usd
CY2023Q1 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
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CY2023Q1 us-gaap Held To Maturity Securities Fair Value
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20992000 usd
CY2023Q1 us-gaap Held To Maturity Securities Fair Value
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20992000 usd
CY2023Q1 us-gaap Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment
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20997000 usd
CY2022Q1 us-gaap Held To Maturity Securities Fair Value
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12923000 usd
CY2022Q1 us-gaap Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment
HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment
12926000 usd
CY2023Q1 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P10Y
CY2023 us-gaap Operating Lease Cost
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94546000 usd
CY2022 us-gaap Operating Lease Cost
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94384000 usd
CY2021 us-gaap Operating Lease Cost
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97450000 usd
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
29114000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
26298000 usd
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
18243000 usd
CY2023 us-gaap Lease Cost
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123660000 usd
CY2022 us-gaap Lease Cost
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120682000 usd
CY2021 us-gaap Lease Cost
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115693000 usd
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130139000 usd
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48755000 shares
CY2021 us-gaap Earnings Per Share Basic
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2.67
CY2023 us-gaap Operating Lease Payments
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97547000 usd
CY2022 us-gaap Operating Lease Payments
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99989000 usd
CY2021 us-gaap Operating Lease Payments
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96930000 usd
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125554000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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83087000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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32937000 usd
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P4Y10M24D
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0.047
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
101332000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
78126000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
53260000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
38815000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
24978000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
47300000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
343811000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
40026000 usd
CY2023Q1 us-gaap Operating Lease Liability
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303785000 usd
CY2023Q1 bke Lessee Operating Lease Minimum Payments Due Lease Signed Not Yet Commenced
LesseeOperatingLeaseMinimumPaymentsDueLeaseSignedNotYetCommenced
23580000 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
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466321000 usd
CY2022Q1 us-gaap Property Plant And Equipment Gross
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453228000 usd
CY2023Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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25000000 usd
CY2023 us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2023-07-31
CY2023Q1 bke Portion Of Line Of Credit For Letter Of Credit
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10000000 usd
CY2023Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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25000000 usd
CY2023 us-gaap Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
Borrowings under the line of credit provide for interest to be paid at a rate based on SOFR.
CY2023Q1 us-gaap Letters Of Credit Outstanding Amount
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3277000 usd
CY2022Q1 us-gaap Letters Of Credit Outstanding Amount
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2735000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
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68003000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
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CY2021 us-gaap Current Federal Tax Expense Benefit
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CY2023 us-gaap Current State And Local Tax Expense Benefit
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11285000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
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14088000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
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6269000 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
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1142000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
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-381000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
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-1298000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
80430000 usd
CY2022 us-gaap Income Tax Expense Benefit
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82935000 usd
CY2021 us-gaap Income Tax Expense Benefit
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40808000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
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0.027
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.033
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.029
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EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.003
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.003
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.240
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.246
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.239
CY2023Q1 us-gaap Deferred Tax Assets Inventory
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4257000 usd
CY2022Q1 us-gaap Deferred Tax Assets Inventory
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3673000 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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4276000 usd
CY2022Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
3157000 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
5197000 usd
CY2022Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
4796000 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
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0 usd
CY2022Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
623000 usd
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DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
2886000 usd
CY2022Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
3006000 usd
CY2023Q1 bke Deferred Tax Assets Realized And Unrealized Gains Losses On Securities
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59000 usd
CY2022Q1 bke Deferred Tax Assets Realized And Unrealized Gains Losses On Securities
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-341000 usd
CY2023Q1 us-gaap Deferred Tax Assets Deferred Income
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889000 usd
CY2022Q1 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
921000 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
98000 usd
CY2022Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
110000 usd
CY2023Q1 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
17118000 usd
CY2022Q1 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
13514000 usd
CY2023Q1 bke Deferred Tax Liabilities Operating Lease Asset
DeferredTaxLiabilitiesOperatingLeaseAsset
65141000 usd
CY2022Q1 bke Deferred Tax Liabilities Operating Lease Asset
DeferredTaxLiabilitiesOperatingLeaseAsset
62139000 usd
CY2023Q1 bke Deferred Tax Asset Operating Lease Liability
DeferredTaxAssetOperatingLeaseLiability
72908000 usd
CY2022Q1 bke Deferred Tax Asset Operating Lease Liability
DeferredTaxAssetOperatingLeaseLiability
69202000 usd
CY2023Q1 bke Deferred Tax Assets Capitalized Research And Development Costs
DeferredTaxAssetsCapitalizedResearchAndDevelopmentCosts
41000 usd
CY2022Q1 bke Deferred Tax Assets Capitalized Research And Development Costs
DeferredTaxAssetsCapitalizedResearchAndDevelopmentCosts
0 usd
CY2023Q1 us-gaap Deferred Tax Assets Liabilities Net
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8352000 usd
CY2022Q1 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
9494000 usd
CY2023 us-gaap Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
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0 usd
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
362000 shares
CY2023 bke Effect Of Dilutive Securities On Earnings Per Share
EffectOfDilutiveSecuritiesOnEarningsPerShare
0.04
CY2022 us-gaap Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
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0 usd
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
391000 shares
CY2023 us-gaap Net Income Loss
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254626000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
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49269000 shares
CY2023 us-gaap Earnings Per Share Basic
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5.17
CY2022 us-gaap Net Income Loss
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254820000 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48994000 shares
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.20
CY2022 bke Effect Of Dilutive Securities On Earnings Per Share
EffectOfDilutiveSecuritiesOnEarningsPerShare
0.04
CY2021 us-gaap Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
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0 usd
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
258000 shares
CY2021 bke Effect Of Dilutive Securities On Earnings Per Share
EffectOfDilutiveSecuritiesOnEarningsPerShare
0.01
CY2023 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
254626000 usd
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49631000 shares
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.13
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
254820000 usd
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49385000 shares
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.16
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
130139000 usd
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49013000 shares
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.66
CY2023 us-gaap Nature Of Operations
NatureOfOperations
REVENUES<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is a retailer of medium to better-priced casual apparel, footwear, and accessories for fashion-conscious young men and women. The Company operates its business as one reportable segment. The Company sells its merchandise through its retail stores and e-Commerce platform. The Company operated 441 stores located in 42 states throughout the United States as of January 28, 2023. </span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Revenue for fiscal 2020 was significantly affected by the impacts of COVID-19. The Company temporarily closed all of its brick and mortar stores beginning March 18, 2020 to protect the health and welfare of its guests, teammates, and communities. The Company began the process of reopening certain stores the week of April 26, 2020, following all appropriate federal, state, and local reopening guidelines. The store closings had a significant impact on the Company's revenue during the first half of fiscal 2020, with total revenue down $73,692 or 18.2% compared to the first half of fiscal 2019. With a strong second half of the year, however, total sales for the 52-week period ended January 30, 2021 were up $1,024 or 0.1% compared to the 52-week period ended February 1, 2020. The Company's online store remained open without interruption and experienced significant growth. For the full fiscal year ended January 30, 2021, the Company's online store grew by $79,759 or 72.0%. </span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During fiscal years 2022, 2021, and 2020, online revenues accounted for 17.1%, 17.1%, and 21.1%, respectively, of the Company's net sales. No sales to an individual customer or country, other than the United States, accounted for more than 10.0% of net sales.</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following is information regarding the Company’s major product lines, stated as a percentage of the Company’s net sales:</span></div><div style="text-align:justify"><span><br/></span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:59.280%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.619%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.530%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.619%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.530%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.622%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td colspan="15" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fiscal Years Ended</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Merchandise Group</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">January 28,<br/>2023</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">January 29,<br/>2022</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">January 30,<br/>2021</span></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Denims</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39.3 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39.6 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">40.1 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Tops (including sweaters)</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">29.7 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30.2 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30.1 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accessories</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.0 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9.3 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9.0 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Footwear</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9.2 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9.7 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.2 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Sportswear/Fashions</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.5 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.9 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.8 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Outerwear</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.1 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.9 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.9 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Casual bottoms</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.1 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.9 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.9 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Youth</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.1 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.5 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.0 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total</span></td><td colspan="2" style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.0 </span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.0 </span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100.0 </span></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr></table></div>Effective July 1, 2022, the Company entered into a new five year agreement (the "Agreement") with Bread Financial and Comenity Bank (collectively the "Bank"), to provide guests with private label credit cards ("PLCC"). Each PLCC bears the Buckle brand logo and can only be used at the Company's retail locations and eCommerce platform. The Bank is the sole owner of the accounts issued under the PLCC program and bears full risk associated with guest non-payment.As part of the Agreement, the Company receives a percentage of PLCC sales from the Bank, along with other incentive payments upon the achievement of certain performance targets. All amounts received from the Bank under the Agreement are recorded in net sales in the consolidated statements of income.
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2023Q1 us-gaap Number Of Stores
NumberOfStores
441 store
CY2023Q1 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
42 state
CY2021 bke Increase Decreasein Revenue
IncreaseDecreaseinRevenue
1024000 usd
CY2021 bke Percentageof Increase Decreasein Revenue
PercentageofIncreaseDecreaseinRevenue
0.001
CY2023 bke Sales Revenue Net Percentage
SalesRevenueNetPercentage
1.000
CY2022 bke Sales Revenue Net Percentage
SalesRevenueNetPercentage
1.000
CY2021 bke Sales Revenue Net Percentage
SalesRevenueNetPercentage
1.000
CY2023 dei Auditor Firm
AuditorFirmId
34

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