Company: SPWH
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0000950170-25-048890
Chunk: 720

Company: SPORTSMAN'S WAREHOUSE HOLDINGS, INC.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 8
Chunk 720
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 with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

Critical audit matters

The critical audit matters are matters arising from the current period audit of the financial statements that were communicated or required to be communicated to the audit committee and that: (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. We determined that there were no critical audit matters.

/s/ GRANT THORNTON LLP

We have served as the Company’s auditor since 2020.

Salt Lake City, Utah

April 2, 2025

60

SPORTSMAN’S WAREHOUSE HOLDINGS, INC. AND SUBSIDIARIES 

CONSOLIDATED BALANCE SHEETS 

Amounts in Thousands

    February 1,

    February 3,

    2025

    2024

    Assets

    Current assets:

    Cash and cash equivalents
     
    $
    2,832

    $
    3,141

    Accounts receivable, net

    2,410

    2,119

    Merchandise inventories

    341,958

    354,710

    Prepaid expenses and other

    18,802

    20,078

    Total current assets

    366,002

    380,048

    Operating lease right of use asset

    316,499

    309,377

    Property and equipment, net

    167,838

    194,452

    Goodwill

    1,496

    1,496

    Deferred tax asset

    —

    505

    Definite lived intangibles, net

    267

    327

    Total assets
     
    $
    852,102

    $
    886,205