2019 Q1 Form 10-Q Financial Statement

#000171015519000027 Filed on May 09, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $461.2M $408.0M
YoY Change 13.05%
Cost Of Revenue $212.0M $180.5M
YoY Change 17.46%
Gross Profit $249.2M $227.5M
YoY Change 9.55%
Gross Profit Margin 54.04% 55.77%
Selling, General & Admin $193.9M $170.7M
YoY Change 13.58%
% of Gross Profit 77.78% 75.02%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $20.42M $17.86M
YoY Change 14.29%
% of Gross Profit 8.19% 7.85%
Operating Expenses $216.8M $188.7M
YoY Change 14.93%
Operating Profit $32.40M $38.85M
YoY Change -16.6%
Interest Expense -$9.100M $9.313M
YoY Change -197.71%
% of Operating Profit -28.09% 23.97%
Other Income/Expense, Net
YoY Change
Pretax Income $23.34M $29.54M
YoY Change -20.98%
Income Tax $5.910M $5.080M
% Of Pretax Income 25.32% 17.2%
Net Earnings $17.43M $24.46M
YoY Change -28.73%
Net Earnings / Revenue 3.78% 5.99%
Basic Earnings Per Share $0.22 $0.33
Diluted Earnings Per Share $0.21 $0.31
COMMON SHARES
Basic Shares Outstanding 78.21M shares 74.71M shares
Diluted Shares Outstanding 81.47M shares 77.84M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $72.50M $58.40M
YoY Change 24.14%
Cash & Equivalents $72.51M $58.43M
Short-Term Investments
Other Short-Term Assets $27.60M $24.80M
YoY Change 11.29%
Inventory $111.9M $93.68M
Prepaid Expenses
Receivables $58.02M $41.74M
Other Receivables $10.30M $7.100M
Total Short-Term Assets $270.1M $218.6M
YoY Change 23.54%
LONG-TERM ASSETS
Property, Plant & Equipment $364.6M $311.0M
YoY Change 17.26%
Goodwill $777.6M $792.7M
YoY Change -1.91%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $7.092M $10.86M
YoY Change -34.71%
Total Long-Term Assets $1.783B $1.426B
YoY Change 25.04%
TOTAL ASSETS
Total Short-Term Assets $270.1M $218.6M
Total Long-Term Assets $1.783B $1.426B
Total Assets $2.053B $1.645B
YoY Change 24.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $45.09M $46.13M
YoY Change -2.25%
Accrued Expenses $97.67M $85.76M
YoY Change 13.88%
Deferred Revenue $55.66M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $8.500M $7.300M
YoY Change 16.44%
Total Short-Term Liabilities $297.7M $221.7M
YoY Change 34.29%
LONG-TERM LIABILITIES
Long-Term Debt $578.4M $562.0M
YoY Change 2.92%
Other Long-Term Liabilities $11.52M $42.13M
YoY Change -72.65%
Total Long-Term Liabilities $11.52M $42.13M
YoY Change -72.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $297.7M $221.7M
Total Long-Term Liabilities $11.52M $42.13M
Total Liabilities $309.2M $263.8M
YoY Change 17.21%
SHAREHOLDERS EQUITY
Retained Earnings $91.76M $81.22M
YoY Change 12.98%
Common Stock $783.0K $751.0K
YoY Change 4.26%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.161M $1.088M
YoY Change 98.62%
Treasury Stock Shares 79.00K shares 53.00K shares
Shareholders Equity $762.6M $705.7M
YoY Change
Total Liabilities & Shareholders Equity $2.053B $1.645B
YoY Change 24.84%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $17.43M $24.46M
YoY Change -28.73%
Depreciation, Depletion And Amortization $20.42M $17.86M
YoY Change 14.29%
Cash From Operating Activities $83.01M $77.79M
YoY Change 6.72%
INVESTING ACTIVITIES
Capital Expenditures $25.99M $22.79M
YoY Change 14.04%
Acquisitions
YoY Change
Other Investing Activities -$186.0K -$116.0K
YoY Change 60.34%
Cash From Investing Activities -$25.81M -$22.68M
YoY Change 13.8%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00
YoY Change
Common Stock Issuance & Retirement, Net $0.00 -$1.457M
YoY Change -100.0%
Debt Paid & Issued, Net $1.250M $1.425M
YoY Change -12.28%
Cash From Financing Activities -$1.354M -$301.0K
YoY Change 349.83%
NET CHANGE
Cash From Operating Activities $83.01M $77.79M
Cash From Investing Activities -$25.81M -$22.68M
Cash From Financing Activities -$1.354M -$301.0K
Net Change In Cash $55.85M $54.81M
YoY Change 1.9%
FREE CASH FLOW
Cash From Operating Activities $83.01M $77.79M
Capital Expenditures $25.99M $22.79M
Free Cash Flow $57.02M $55.00M
YoY Change 3.69%

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CY2018Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3033000 shares
CY2019Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3221000 shares
CY2018Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
9313000 USD
CY2019Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
9061000 USD
CY2018Q1 us-gaap Interest Paid Net
InterestPaidNet
10573000 USD
CY2019Q1 us-gaap Interest Paid Net
InterestPaidNet
9857000 USD
CY2019Q1 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
2800000 USD
CY2018Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
56076000 USD
CY2019Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
56755000 USD
CY2018Q4 us-gaap Inventory Net
InventoryNet
116022000 USD
CY2019Q1 us-gaap Inventory Net
InventoryNet
111936000 USD
CY2018Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
59946000 USD
CY2019Q1 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
55181000 USD
CY2018Q1 us-gaap Inventory Write Down
InventoryWriteDown
522000 USD
CY2019Q1 us-gaap Inventory Write Down
InventoryWriteDown
1319000 USD
CY2019Q1 us-gaap Lease Cost
LeaseCost
25535000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
435152000 USD
CY2019Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
18163000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
138267000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
50088000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
56707000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
63551000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
70545000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
55994000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
64903000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1661389000 USD
CY2019Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2053092000 USD
CY2018Q4 us-gaap Liabilities Current
LiabilitiesCurrent
211652000 USD
CY2019Q1 us-gaap Liabilities Current
LiabilitiesCurrent
297669000 USD
CY2018Q4 us-gaap Liabilities Other Than Longterm Debt Noncurrent
LiabilitiesOtherThanLongtermDebtNoncurrent
136038000 USD
CY2019Q1 us-gaap Liabilities Other Than Longterm Debt Noncurrent
LiabilitiesOtherThanLongtermDebtNoncurrent
100164000 USD
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
570545000 USD
CY2019Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
578397000 USD
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
7567000 USD
CY2019Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
8484000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-301000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1354000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-22676000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-25806000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
77787000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
83014000 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
24455000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
17429000 USD
CY2019Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2018Q4 us-gaap Number Of Stores
NumberOfStores
1082 store
CY2019Q1 us-gaap Number Of Stores
NumberOfStores
1105 store
CY2018Q1 us-gaap Operating Expenses
OperatingExpenses
188673000 USD
CY2019Q1 us-gaap Operating Expenses
OperatingExpenses
216846000 USD
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
38848000 USD
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
32400000 USD
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
370249000 USD
CY2019Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
55967000 USD
CY2019Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
314282000 USD
CY2019Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
18146000 USD
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
330637000 USD
CY2019Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.046
CY2019Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
364627000 USD
CY2018Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1600000 USD
CY2018Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1620000 USD
CY2019Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2021000 USD
CY2019Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2000000 USD
CY2018Q1 us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
200000 USD
CY2018Q1 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
333000 USD
CY2018Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1425000 USD
CY2019Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1250000 USD
CY2018Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1570000 USD
CY2019Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1346000 USD
CY2019Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term
OperatingLeaseWeightedAverageRemainingLeaseTerm
P83M
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
407045000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
69372000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
42545000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
49303000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
56219000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
63218000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
126388000 USD
CY2018Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
14179000 USD
CY2019Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
14577000 USD
CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
8876000 USD
CY2019Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
7092000 USD
CY2018Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
122000 USD
CY2019Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
473000 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
53964000 USD
CY2019Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
11523000 USD
CY2018Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-64000 USD
CY2019Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1041000 USD
CY2018Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
2568000 USD
CY2019Q1 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
2213000 USD
CY2018Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-116000 USD
CY2019Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-186000 USD
CY2018Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
855000 USD
CY2019Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2018Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
22792000 USD
CY2019Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
25992000 USD
CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
30815000 USD
CY2019Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
27626000 USD
CY2018Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2312000 USD
CY2019Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
513000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
568033000 USD
CY2019Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
586908000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
355117000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
74840000 USD
CY2019Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
91763000 USD
CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
407975000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
461215000 USD
CY2019Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
47400000 USD
CY2019Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
21000000 USD
CY2019Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
7800000 USD
CY2019Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
700000 USD
CY2019Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
100000 USD
CY2018Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
1416000 USD
CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
7270000 USD
CY2018Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
32981000 USD
CY2018Q4 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
8117000 USD
CY2019Q1 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
8258000 USD
CY2018Q4 us-gaap Self Insurance Reserve Noncurrent
SelfInsuranceReserveNoncurrent
5114000 USD
CY2019Q1 us-gaap Self Insurance Reserve Noncurrent
SelfInsuranceReserveNoncurrent
5159000 USD
CY2018Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
170689000 USD
CY2019Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
193876000 USD
CY2018Q4 us-gaap Settlement Liabilities Current
SettlementLiabilitiesCurrent
3938000 USD
CY2019Q1 us-gaap Settlement Liabilities Current
SettlementLiabilitiesCurrent
3916000 USD
CY2018Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1596000 USD
CY2019Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2976000 USD
CY2018Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
2248000 USD
CY2019Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
513000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
654600000 USD
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
705698000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
743154000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
762580000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest Adjusted Balance1
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1
673630000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest Adjusted Balance1
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1
742648000 USD
CY2019Q1 us-gaap Sublease Income
SubleaseIncome
962000 USD
CY2018Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
79000 shares
CY2019Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
79000 shares
CY2018Q4 us-gaap Treasury Stock Value
TreasuryStockValue
2161000 USD
CY2019Q1 us-gaap Treasury Stock Value
TreasuryStockValue
2161000 USD
CY2018Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
855000 USD
CY2019Q1 us-gaap Variable Lease Cost
VariableLeaseCost
6466000 USD
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77837000 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
81466000 shares
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
74714000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
78205000 shares
CY2019Q1 us-gaap Fiscal Period
FiscalPeriod
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Fiscal Year</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our fiscal year consists of 52 or 53 weeks ending on the Saturday closest to December 31. Fiscal year </font><font style="font-family:inherit;font-size:10pt;">2019</font><font style="font-family:inherit;font-size:10pt;"> contains 52 weeks and will end on </font><font style="font-family:inherit;font-size:10pt;">December&#160;28, 2019</font><font style="font-family:inherit;font-size:10pt;">. All </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> month periods presented herein contain </font><font style="font-family:inherit;font-size:10pt;">13</font><font style="font-family:inherit;font-size:10pt;"> weeks. All references to years and quarters relate to fiscal periods rather than calendar periods.</font></div></div>
CY2019Q1 us-gaap Property Plant And Equipment Impairment
PropertyPlantAndEquipmentImpairment
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Asset Impairment</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We evaluate impairment of long-lived tangible and right of use (&#8220;ROU&#8221;) store assets at the store level, which is the lowest level at which independent cash flows can be identified, when events or conditions indicate the carrying value of such assets may not be recoverable. If the store's projected undiscounted net cash flows expected to be generated by the related assets over the shorter of the remaining useful life or the remaining term of the lease are less than the carrying value of the subject assets, we then measure impairment based on a discounted cash flow model and fair market value of the lease asset and record an impairment charge as the excess of carrying value over estimated fair value.</font></div></div>
CY2019Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></div></div>

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