Company: SPWH
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0000950170-25-048890
Chunk: 746

Company: SPORTSMAN'S WAREHOUSE HOLDINGS, INC.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 8F
Chunk 746
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-use assets obtained in exchange for new or   remeasured operating lease liabilities
         
        $
        15,511

        $
        58,000

        $
        54,243

        Terminated right-of-use assets and liabilities

        —

        —

        —

        Weighted-average remaining lease term - operating leases

        5.83

        5.85

        5.75

        Weighted-average discount rate - operating leases

        7.56
        %

        7.72
        %

        7.96
        %

74

In accordance with ASC 842, maturities of operating lease liabilities as of February 1, 2025 were as follows: 

        Operating

        Fiscal Year Ending:
         
        Leases

        2025
         
        $
        73,385

        2026

        71,226

        2027

        64,919

        2028

        58,814

        2029

        48,953

        Thereafter

        143,460

        Undiscounted cash flows
         
        $
        460,757

        Reconciliation of lease liabilities:

        Present values
         
        $
        356,550

        Lease liabilities - current

        49,128

        Lease liabilities - noncurrent

        307,422

        Lease liabilities - total
         
        $
        356,550

        Difference between undiscounted and discounted cash flows
         
        $
        104,207

       The Company has excluded in the table above approximately $7.9 million for a lease (undiscounted basis) that was entered into as of April 2, 2025. This lease will commence in 2025 with lease terms of 12 years.

(6) Segments The Company has one reportable segment, Sportsman's Warehouse, which operates solely as a sporting goods retailer, including both retail stores and an e-commerce platform. The single operating segment derives revenues from customers purchasing goods from both the Company’s retail stores and its e-commerce platform.The accounting policies of the single operating segment are the same as those described in the summary of 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