$TLYS
TILLY'S, INC.

2013 Q2 Form 10-Q Financial Statement

#000119312513257251 Filed on June 13, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $109.1M $96.52M
YoY Change 13.05% 16.11%
Cost Of Revenue $77.31M $66.11M
YoY Change 16.95% 16.18%
Gross Profit $31.81M $30.42M
YoY Change 4.56% 16.06%
Gross Profit Margin 29.15% 31.51%
Selling, General & Admin $27.89M $24.39M
YoY Change 14.34% 15.06%
% of Gross Profit 87.68% 80.19%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.650M $3.900M
YoY Change 19.23% 4.84%
% of Gross Profit 14.62% 12.82%
Operating Expenses $27.89M $24.39M
YoY Change 14.34% 14.52%
Operating Profit $3.917M $6.026M
YoY Change -35.0% 21.37%
Interest Expense $49.00K $44.00K
YoY Change 11.36%
% of Operating Profit 1.25% 0.73%
Other Income/Expense, Net -$49.00K
YoY Change
Pretax Income $3.868M $5.982M
YoY Change -35.34% 22.08%
Income Tax $1.560M $68.00K
% Of Pretax Income 40.33% 1.14%
Net Earnings $2.308M $5.914M
YoY Change -60.97% 21.69%
Net Earnings / Revenue 2.12% 6.13%
Basic Earnings Per Share $0.08 $0.30
Diluted Earnings Per Share $0.08 $0.29
COMMON SHARES
Basic Shares Outstanding 27.69M shares 20.00M shares
Diluted Shares Outstanding 28.03M shares 20.51M shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $48.60M $21.70M
YoY Change 123.96% -24.65%
Cash & Equivalents $18.62M $21.72M
Short-Term Investments $29.90M
Other Short-Term Assets $12.40M $5.500M
YoY Change 125.45% 30.95%
Inventory $49.67M $40.30M
Prepaid Expenses
Receivables $8.100M $8.400M
Other Receivables $0.00 $0.00
Total Short-Term Assets $118.7M $76.00M
YoY Change 56.17% 2.01%
LONG-TERM ASSETS
Property, Plant & Equipment $87.32M $65.70M
YoY Change 32.91% 15.06%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.660M $3.500M
YoY Change 4.57% 84.21%
Total Long-Term Assets $90.98M $69.20M
YoY Change 31.48% 17.09%
TOTAL ASSETS
Total Short-Term Assets $118.7M $76.00M
Total Long-Term Assets $90.98M $69.20M
Total Assets $209.7M $145.2M
YoY Change 44.4% 8.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $20.17M $17.50M
YoY Change 15.27% 7.36%
Accrued Expenses $13.24M $15.90M
YoY Change -16.7% 24.22%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $700.0K $700.0K
YoY Change 0.0% 16.67%
Total Short-Term Liabilities $46.86M $41.60M
YoY Change 12.65% 15.88%
LONG-TERM LIABILITIES
Long-Term Debt $3.100M $3.800M
YoY Change -18.42% -15.56%
Other Long-Term Liabilities $39.20M $33.70M
YoY Change 16.32% 19.93%
Total Long-Term Liabilities $42.30M $37.50M
YoY Change 12.8% 15.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $46.86M $41.60M
Total Long-Term Liabilities $42.30M $37.50M
Total Liabilities $89.16M $79.10M
YoY Change 12.72% 15.47%
SHAREHOLDERS EQUITY
Retained Earnings $2.168M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $120.5M $66.10M
YoY Change
Total Liabilities & Shareholders Equity $209.7M $145.2M
YoY Change 44.4% 8.68%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $2.308M $5.914M
YoY Change -60.97% 21.69%
Depreciation, Depletion And Amortization $4.650M $3.900M
YoY Change 19.23% 4.84%
Cash From Operating Activities $2.908M $3.930M
YoY Change -26.01% -11.09%
INVESTING ACTIVITIES
Capital Expenditures $11.44M $7.523M
YoY Change 52.0% -350.77%
Acquisitions
YoY Change
Other Investing Activities $10.01M $640.0K
YoY Change 1464.06% 3100.0%
Cash From Investing Activities -$1.424M -$6.882M
YoY Change -79.31% 130.94%
FINANCING ACTIVITIES
Cash Dividend Paid $260.0K
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -174.0K -423.0K
YoY Change -58.87% -78.85%
NET CHANGE
Cash From Operating Activities 2.908M 3.930M
Cash From Investing Activities -1.424M -6.882M
Cash From Financing Activities -174.0K -423.0K
Net Change In Cash 1.310M -3.375M
YoY Change -138.81% 502.68%
FREE CASH FLOW
Cash From Operating Activities $2.908M $3.930M
Capital Expenditures $11.44M $7.523M
Free Cash Flow -$8.527M -$3.593M
YoY Change 137.32% -148.42%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
3917000
CY2013Q2 us-gaap Debt Instrument Covenant Compliance
DebtInstrumentCovenantCompliance
The Company was in compliance with all of its covenants and had no outstanding borrowings under the line of credit.
CY2013Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1912000
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
21000
CY2013Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y1M6D
CY2013Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
892000
CY2013Q2 us-gaap Gain Loss On Investments
GainLossOnInvestments
44000
CY2013Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2339000
CY2012Q2 us-gaap Income Taxes Paid
IncomeTaxesPaid
7000
CY2012Q2 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-981000
CY2012Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7523000
CY2013Q2 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2494000
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00 pure
CY2012Q2 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-3375000
CY2012Q2 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-2672000
CY2012Q2 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
502000
CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20512000 shares
CY2012Q2 us-gaap Sales Revenue Net
SalesRevenueNet
96524000
CY2012Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
5982000
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.30
CY2012Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-423000
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20000000 shares
CY2012Q2 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
641000
CY2012Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
25091000
CY2012Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
21716000
CY2012Q2 us-gaap Debt Instrument Basis Spread On Variable Rate
DebtInstrumentBasisSpreadOnVariableRate
0.0175 pure
CY2012Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
25000000
CY2013Q2 tlys Market Value Per Unit
MarketValuePerUnit
15.39
CY2013Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
12376000
CY2013Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
3660000
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1276500 shares
CY2013Q2 us-gaap Stockholders Equity
StockholdersEquity
120510000
CY2013Q2 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
42300000
CY2013Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2013Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
8100000
CY2013Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
5930000
CY2013Q2 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
3073000
CY2013Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3366000
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
10.94
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
7521000
CY2013Q2 us-gaap Line Of Credit Facility Amount Outstanding
LineOfCreditFacilityAmountOutstanding
0
CY2013Q2 us-gaap Receivables Net Current
ReceivablesNetCurrent
8089000
CY2013Q2 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
29935000
CY2013Q2 us-gaap Liabilities
Liabilities
89161000
CY2013Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
20173000
CY2013Q2 us-gaap Capital Leased Assets Gross
CapitalLeasedAssetsGross
7800000
CY2013Q2 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
4525000
CY2013Q2 us-gaap Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation
CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation
5400000
CY2013Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2013Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2168000
CY2013Q2 us-gaap Assets
Assets
209671000
CY2012Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
3599000
CY2012Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
512000 shares
CY2012Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
66106000
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
12.82
CY2013Q2 us-gaap Inventory Net
InventoryNet
49665000
CY2013Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2013Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
209671000
CY2013Q2 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
723000
CY2013Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
18624000
CY2013Q2 us-gaap Capital Lease Obligations
CapitalLeaseObligations
3800000
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
1214616 shares
CY2013Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
31000
CY2013Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
13244000
CY2013Q2 us-gaap Deferred Rent Credit Current
DeferredRentCreditCurrent
4830000
CY2013Q2 us-gaap Liabilities Current
LiabilitiesCurrent
46861000
CY2013Q2 us-gaap Contractual Obligation
ContractualObligation
9200000
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2685625 shares
CY2013Q2 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
39227000
CY2013Q2 us-gaap Assets Current
AssetsCurrent
118689000
CY2013Q2 us-gaap Number Of Stores
NumberOfStores
175 Store
CY2013Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2013Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q2 us-gaap Preferred Stock Value
PreferredStockValue
CY2013Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
87322000
CY2012Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
115000
CY2013Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
118283000
CY2013Q2 tlys Share Based Compensation Arrangement By Share Based Payment Award Options Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpectedToVestOutstandingWeightedAverageExercisePrice
14.52
CY2013Q2 tlys Share Based Compensation Arrangement By Share Based Payment Award Options Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpectedToVestOutstandingAggregateIntrinsicValue
1378000
CY2012Q2 us-gaap Gross Profit
GrossProfit
30418000
CY2012Q2 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
163000
CY2013Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
11387000
CY2013Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
3357000
CY2013Q1 us-gaap Stockholders Equity
StockholdersEquity
117296000
CY2013Q1 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
40878000
CY2013Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2013Q1 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
3258000
CY2012Q2 us-gaap Interest Paid
InterestPaid
75000
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
5914000
CY2013Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
6094000
CY2013Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
5934000
CY2013Q1 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
39868000
CY2013Q1 us-gaap Liabilities
Liabilities
88085000
CY2013Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
18261000
CY2013Q1 us-gaap Capital Leased Assets Gross
CapitalLeasedAssetsGross
7800000
CY2013Q1 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
5453000
CY2013Q1 us-gaap Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation
CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation
5300000
CY2013Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2013Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-140000
CY2013Q1 us-gaap Assets
Assets
205381000
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
12.83
CY2013Q1 us-gaap Inventory Net
InventoryNet
46595000
CY2013Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2013Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
205381000
CY2013Q1 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
712000
CY2013Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17314000
CY2013Q1 us-gaap Capital Lease Obligations
CapitalLeaseObligations
4000000
CY2012Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
24392000
CY2012Q2 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
200000
CY2012Q2 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
2489000
CY2012Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
68000
CY2012Q2 us-gaap Payments Of Dividends
PaymentsOfDividends
260000
CY2012Q2 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
22000
CY2012Q2 us-gaap Interest Expense
InterestExpense
44000
CY2012Q2 tlys Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
3761000
CY2013Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
17000
CY2013Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
12132000
CY2013Q1 us-gaap Deferred Rent Credit Current
DeferredRentCreditCurrent
4555000
CY2013Q1 us-gaap Liabilities Current
LiabilitiesCurrent
47207000
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2133625 shares
CY2013Q1 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
37620000
CY2013Q1 us-gaap Assets Current
AssetsCurrent
121098000
CY2013Q1 us-gaap Number Of Stores
NumberOfStores
168 Store
CY2013Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2013Q2 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013Q2 dei Trading Symbol
TradingSymbol
TLYS
CY2013Q2 dei Entity Registrant Name
EntityRegistrantName
TILLY'S, INC.
CY2013Q2 dei Amendment Flag
AmendmentFlag
false
CY2013Q2 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2013Q2 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2013Q2 dei Document Type
DocumentType
10-Q
CY2013Q2 dei Document Period End Date
DocumentPeriodEndDate
2013-05-04
CY2013Q2 dei Entity Central Index Key
EntityCentralIndexKey
0001524025
CY2013Q2 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--02-01
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.008 pure
CY2013Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q1 us-gaap Preferred Stock Value
PreferredStockValue
CY2013Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
80926000
CY2013Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
117391000
CY2012Q2 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2014-05-03
CY2012Q2 us-gaap Debt Instrument Covenant Description
DebtInstrumentCovenantDescription
The Company is required to maintain certain financial and nonfinancial covenants in accordance with the revolving credit facility. The financial covenants contain requirements for certain levels of liquidity and profitability, such as: (i) a minimum current asset to current liability ratio of 1.25 to 1.00, (ii) a net profit before tax of at least $1, determined as of the end of each fiscal quarter on a cumulative rolling four-quarter basis, excluding a non-cash expense of up to a maximum of $2.0 million for the write-off of impaired fixed assets for that period and (iii) a maximum ratio of 4.00 to 1.00 for “funded debt” to “EBITDAR”, where “funded debt” includes credit facility borrowings, capital lease debt and eight times annual operating lease rent expense, and “EBITDAR” includes net income before interest, income taxes, depreciation, amortization and rent expense.
CY2012Q2 us-gaap Debt Instrument Interest Rate Terms
DebtInstrumentInterestRateTerms
Interest charged on borrowings is either at the London Interbank Offered Rate ("LIBOR") plus 1.75%, or at the bank's prime rate. The Company has the ability to select between the prime or LIBOR-based rate at the time of a cash advance.
CY2012Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
6026000
CY2012Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
687000
CY2012Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
0
CY2012Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
5914000
CY2012Q2 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
243000
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.29
CY2012Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
3904000
CY2012Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.011 pure
CY2012Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3930000
CY2012Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6882000
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
31000
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
12.82
CY2013Q2 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1493000
CY2013Q2 us-gaap Interest Expense
InterestExpense
49000
CY2013Q2 tlys Other Comprehensive Income Loss Net Unrealized Gains Losses On Securities Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetUnrealizedGainsLossesOnSecuritiesNetOfTaxPeriodIncreaseDecrease
14000
CY2013Q2 tlys Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
1882000
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
CY2013Q2 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
15.50
CY2013Q2 us-gaap Share Based Compensation
ShareBasedCompensation
892000
CY2013Q2 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
11000
CY2013Q2 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
shares
CY2013Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
4650000
CY2013Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.403 pure
CY2013Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2013Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2908000
CY2013Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1424000
CY2013Q2 us-gaap Income Taxes Paid
IncomeTaxesPaid
786000
CY2013Q2 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-928000
CY2013Q2 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
CY2013Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11435000
CY2013Q2 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1310000
CY2013Q2 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1648000
CY2013Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P3Y1M6D
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28027000 shares
CY2013Q2 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-2728000
CY2013Q2 tlys Share Based Compensation Arrangement By Share Based Payment Award Options Expected To Vest Weighted Average Remaining Contractual Term1
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpectedToVestWeightedAverageRemainingContractualTerm1
P9Y1M6D
CY2013Q2 us-gaap Sales Revenue Net
SalesRevenueNet
109119000
CY2013Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
3868000
CY2013Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
31000
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
CY2013Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-174000
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
2500 shares
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.562 pure
CY2013Q2 us-gaap Lease Expiration Date1
LeaseExpirationDate1
2017-12-31
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27692000 shares
CY2013Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
3070000
CY2013Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
335000 shares
CY2013Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y8M12D
CY2013Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
76921000
CY2013Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
3000
CY2013Q2 us-gaap Gross Profit
GrossProfit
32198000
CY2013Q2 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
174000
CY2013Q2 us-gaap Interest Paid
InterestPaid
67000
CY2013Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-347000
CY2013Q2 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
10000000
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
2308000
CY2013Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
28281000
CY2013Q2 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
200000
CY2013Q2 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
2155000
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
554500 shares
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1560000

Files In Submission

Name View Source Status
0001193125-13-257251-index-headers.html Edgar Link pending
0001193125-13-257251-index.html Edgar Link pending
0001193125-13-257251.txt Edgar Link pending
0001193125-13-257251-xbrl.zip Edgar Link pending
d525633d10q.htm Edgar Link pending
d525633dex311.htm Edgar Link pending
d525633dex312.htm Edgar Link pending
d525633dex321.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
tlys-20130504.xml Edgar Link completed
tlys-20130504.xsd Edgar Link pending
tlys-20130504_cal.xml Edgar Link unprocessable
tlys-20130504_def.xml Edgar Link unprocessable
tlys-20130504_lab.xml Edgar Link unprocessable
tlys-20130504_pre.xml Edgar Link unprocessable