Company: SPWH
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0000950170-25-048890
Chunk: 695

Company: SPORTSMAN'S WAREHOUSE HOLDINGS, INC.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 7
Chunk 695
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 new store pre-opening expenses.  For fiscal years ended February 3, 2024 and January 28, 2023 we incurred $5.8 million and $3.7 million, respectively, in new store pre-opening expenses.

(2)A non-cash valuation allowance of $10.1 million was created during fiscal year 2024 related to our deferred tax assets during fiscal year 2024.

(3)Stock-based compensation expense represents non-cash expenses related to equity instruments granted to outfitters under the Sportsman's Warehouse Holdings, Inc. 2019 Performance Incentive Plan and the Sportsman's Warehouse Holdings, Inc. Employee Stock Purchase Plan.  

(4)Expenses incurred relating to the departure of directors and officers and the recruitment of directors and key members of our senior management team.

(5)Represents fees and expenses related to a settlement in the cancellation of a contract related to our information technology systems.

(6)Severance expenses paid as part of our cost reduction plan implemented during fiscal year 2023

(7)Represents costs related to legal settlements and related fees and expenses.

(8)We calculate net income margin as net income divided by net sales and we define Adjusted EBITDA margin as Adjusted EBITDA divided by net sales.

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