Company: SPWH
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0000950170-25-048890
Chunk: 546

Company: SPORTSMAN'S WAREHOUSE HOLDINGS, INC.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 5
Chunk 546
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 paydowns under the Revolving Line of Credit and the Company's prior revolving line of credit were $1,345,672, $1,432,841, and $1,543,677, respectively.Restricted Net AssetsThe provisions of the Term Loan and the Revolving Line of Credit restrict all of the net assets of the Company’s consolidated subsidiaries, which constitute all of the net assets on the Company’s consolidated balance sheet as of February 1, 2025, from being used to pay any dividends without prior written consent from the financial institutions party to the respective agreement.

(10) Sale-Leaseback TransactionsDuring the fiscal years ended February 1, 2025 and February 3, 2024, the Company did not complete any sale-leaseback transactions.  During fiscal year 2022 the Company completed two sale-leaseback transactions the buildings associated to new store locations. For the sale-leaseback transaction, the Company was the owner of the building and paid all construction costs directly. Once construction was deemed complete and occupancy permits were obtained, the Company sold the building and rights to the constructed assets to the landlord for a predetermined amount and were written off the Company’s books. Any remaining assets were considered leasehold improvements or property and equipment.  The total value of tenant allowances received under these transactions during fiscal year 2022 was $2,923.

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(11) Common StockHolders of common stock are entitled to one vote per share, and to receive dividends and, upon liquidation or dissolution, are entitled to receive all assets available for distribution to stockholders on a proportional basis with the restricted nonvoting common stockholders. The holders have no preemptive or other subscription rights, and there are no redemption or sinking fund provisions with respect to such shares.

(12) Earnings Per ShareBasic earnings per share is calculated by dividing net income by the weighted-average number of shares of common stock outstanding, during the period. Diluted earnings per share represents basic earnings per share adjusted to include the potentially dilutive effect of nonvested share awards and nonvested share unit awards. The following table sets forth the computation of basic and diluted earnings per share for the periods presented: 

        Fiscal Year Ended

        February 1,

        February 3,

        January 28,

        2025

        2024

        2023

        Net (loss) income
         
        $
        (33,059
        )
         
        $
        (28,