Company: SPWH
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0000950170-25-048890
Chunk: 335

Company: SPORTSMAN'S WAREHOUSE HOLDINGS, INC.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 2
Chunk 335
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 the financial statements of specified information about certain costs and expenses. This ASU requires the disclosure of (1) amounts of certain relevant expenses included in each caption on the face of the financial statements, (2) certain amounts that are already required to be disclosed under US GAAP in the same disclosure as the other disaggregation requirements, (3) a qualitative description of the amounts remaining in relevant expense captions that are not separately disaggregated quantitatively, and (4) the total amount of selling expenses and, in annual reporting periods, an entity's definition of selling expenses. This ASU is effective for public entities for annual periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. The Company is evaluating the future impact of the issuance of this ASU on its consolidated financial statements.

(3) Property and Equipment Property and equipment consisted of the following as of February 1, 2025 and February 3, 2024: 

        February 1,

        February 3,

        2025

        2024

        Furniture, fixtures, and equipment
         
        $
        175,178

        $
        170,713

        Leasehold improvements

        232,168

        226,787

        Construction in progress

        1,126

        1,367

        Total property and equipment, gross

        408,472

        398,867

        Less accumulated depreciation and amortization

        (240,634
        )

        (204,415
        )

        Total property and equipment, net
         
        $
        167,838

        $
        194,452

       Depreciation expense was $40,438, $38,947, and $31,710, for the fiscal years ended February 1, 2025, February 3, 2024, and January 28, 2023, respectively.

(4) Definite Lived Intangible Assets Definite lived intangible assets consisted of the following as of February 1, 2025 and February 3, 2024: 

        February 1, 2025

        Amortization Period
         
        Gross carrying amount

        Accumulated amortization

        Net carrying amount

        Amortizing intangible assets:

        Domain Name
         
        10 years

        450

        (