Company: SPWH
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0000950170-25-048890
Chunk: 118

Company: SPORTSMAN'S WAREHOUSE HOLDINGS, INC.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1A
Chunk 118
---
(7) Accrued Expenses and Other Liabilities Accrued expenses and other liabilities consist of the following at February 1, 2025 and February 3, 2024:  

        February 1,2025

        February 3,2024

        Book overdraft
         
        $
        21,929

        $
        14,361

        Unearned revenue

        36,600

        38,044

        Accrued payroll and related expenses

        11,397

        10,507

        Sales and use tax payable

        5,624

        5,170

        Other

        20,396

        15,583

        Total accrued expenses
         
        $
        95,946

        $
        83,665

76

(8) Long Term DebtLong-term debt consisted of the following as of  February 1, 2025 and February 3, 2024:

        February 1,

        February 3,

        2025

        2024

        Term loan
         
        $
        25,000

        $
        —

        Less discount

        (933
        )

        —

        24,067

        —

        Less current portion, net of discount

        —

        —

        Long-term portion
         
        $
        24,067

        $
        —

       Term Loan On July 30, 2024, Sportsman’s Warehouse, Inc. (“SWI”) a wholly owned subsidiary of Holdings, as lead borrower, Holdings, as guarantor, and other subsidiaries of Holdings, each as borrowers, and PLC Agent LLC (the “Pathlight Agent”), as administrative and collateral agent for various lenders affiliated with Pathlight Capital (the “ABL Lenders”), entered into an ABL Term Loan Credit Agreement (the “Term Loan”). The Term Loan provides for a senior secured term loan credit facility in an aggregate principal amount of $45,000, consisting of $25,000 in initial ABL term loans that were made by the ABL Lenders on July 30, 2024 and $20,000 in delayed draw ABL term loans. The $25,000 in proceeds from the initial ABL term loans were used to repay obligations under the Revolving Line of Credit described in Note 9.The Company incurred deferred financing costs and discounts related to the Term Loan of approximately $1,136