Company: SPWH
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0000950170-25-048890
Chunk: 607

Company: SPORTSMAN'S WAREHOUSE HOLDINGS, INC.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 6
Chunk 607
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        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 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