Company: SPWH
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0000950170-25-048890
Chunk: 650

Company: SPORTSMAN'S WAREHOUSE HOLDINGS, INC.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 7A
Chunk 650
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 significant accounting policies. The CODM assesses performance for the single operating segment and decides how to allocate resources based on net income (loss) that also is reported on the consolidated statement of operations. The measure of segment assets is reported on the balance sheet as total consolidated assets. Asset information is not presented here because its presentation here would be duplicative of the consolidated balance sheets.Net income is used in monitoring budget versus actual results. The CODM also uses net income (loss) in competitive analysis by benchmarking to the Company’s competitors. The competitive analysis along with the monitoring of budgeted versus actual results are used in assessing performance of the segment and in establishing management’s compensation.The Company's single reportable segment revenue, segment profit or loss, and significant segment expenses are as follows: 

75

        Fiscal Year Ended

        February 1,

        February 3,

        January 28,

        2025

        2024

        2023

        Net sales
         
        $
        1,197,633

        $
        1,287,987

        $
        1,399,515

        Cost of goods sold

        827,167

        904,574

        939,275

        Gross profit

        370,466

        383,413

        460,240

        Selling, general and administrative expenses

        Payroll

        165,262

        179,305

        192,099

        Rent

        93,386

        90,039

        78,502

        Depreciation and amortization

        40,498

        39,009

        31,776

        Nonrecurring operating expenses (1)

        3,361

        6,665

        3,417

        Pre-opening (2)

        24

        5,781

        3,654

        Other operating (3)

        86,174

        87,951

        92,729

        Total selling, general and administrative expenses

        388,705

        408,750

        402,177

        (Loss) income from operations

        (18,239
        )

        (25,337
        )

        58,063

        Other (income) expense:

        Other losses

        612

        —

        —

        Interest expense

        12,278