Company: SPWH
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0000950170-25-048890
Chunk: 317

Company: SPORTSMAN'S WAREHOUSE HOLDINGS, INC.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 2
Chunk 317
---
 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.

57

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

As a smaller reporting company, we are not required to provide the information required by Item 305 of Regulation S-K. 

58

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

TABLE OF CONTENTS

    Page

    REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM – GRANT THORNTON LLP (PCAOB ID Number 248)
    60

    CONSOLIDATED FINANCIAL STATEMENTS:

    Consolidated Balance Sheets
    61

    Consolidated Statements of Operations
    62

    Consolidated Statements of Stockholders’ Equity
    63

    Consolidated Statements of Cash Flows
    64

    Notes to Consolidated Financial Statements
    65

59

Report of Independent Registered Public Accounting Firm 

Board of Directors and ShareholdersSportsman’s Warehouse Holdings, Inc.

Opinion on the financial statements We have audited the accompanying consolidated balance sheets of Sportsman’s Warehouse Holdings, Inc. (a Delaware corporation) and subsidiaries (the “Company”) as of February 1, 2025 and February 3, 2024, the related consolidated statements of operations, stockholders’ equity, and cash flows for each of the three years in the period ended February 1, 2025, and the related notes (collectively referred to as the “consolidated financial statements”). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of February 1, 2025 and February 3, 2024, and the results of its