Price Graph
Price
Yield
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x
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Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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o
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Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Commission File Number:
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0-21360
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Shoe Carnival, Inc.
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(Exact name of registrant as specified in its charter)
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Indiana
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35-1736614
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(State or other jurisdiction of
incorporation or organization)
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(IRS Employer Identification Number)
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7500 East Columbia Street
Evansville, IN
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47715
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(Address of principal executive offices)
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(Zip code)
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(812) 867-6471
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(Registrant's telephone number, including area code)
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NOT APPLICABLE
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(Former name, former address and former fiscal year, if changed since last report)
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o
Large accelerated filer
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x
Accelerated filer
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o
Non-accelerated filer
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o
Smaller reporting company
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Page
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Part I
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Financial Information
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Item 1.
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Financial Statements (Unaudited)
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3
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4
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5
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6
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7
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Item 2.
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13
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Item 3.
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20
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Item 4.
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20
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Part II
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Other Information
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Item 1A.
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21
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Item 2.
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21
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Item 6.
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22
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23
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(In thousands)
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July 30,
2011
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January 29,
2011
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July 31,
2010
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|||||||||
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Assets
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||||||||||||
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Current Assets:
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||||||||||||
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Cash and cash equivalents
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$ | 44,096 | $ | 60,193 | $ | 40,560 | ||||||
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Accounts receivable
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2,889 | 1,550 | 1,684 | |||||||||
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Merchandise inventories
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258,069 | 212,929 | 238,147 | |||||||||
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Deferred income tax benefit
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3,307 | 4,275 | 3,342 | |||||||||
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Other
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5,894 | 2,407 | 3,403 | |||||||||
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Total Current Assets
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314,255 | 281,354 | 287,136 | |||||||||
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Property and equipment-net
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66,660 | 62,391 | 61,503 | |||||||||
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Other
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1,177 | 1,400 | 1,205 | |||||||||
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Total Assets
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$ | 382,092 | $ | 345,145 | $ | 349,844 | ||||||
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Liabilities and Shareholders' Equity
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||||||||||||
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Current Liabilities:
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||||||||||||
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Accounts payable
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$ | 76,293 | $ | 55,219 | $ | 79,016 | ||||||
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Accrued and other liabilities
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14,005 | 15,457 | 15,345 | |||||||||
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Total Current Liabilities
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90,298 | 70,676 | 94,361 | |||||||||
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Deferred lease incentives
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10,082 | 8,211 | 6,774 | |||||||||
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Accrued rent
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5,681 | 5,082 | 5,164 | |||||||||
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Deferred income taxes
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1,697 | 669 | 20 | |||||||||
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Deferred compensation
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5,685 | 4,907 | 4,156 | |||||||||
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Other
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816 | 1,257 | 1,374 | |||||||||
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Total Liabilities
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114,259 | 90,802 | 111,849 | |||||||||
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Shareholders' Equity:
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||||||||||||
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Common stock, $.01 par value, 50,000 shares authorized, 13,652, 13,655, 13,655 shares issued at July 30, 2011, January 29, 2011 and July 31, 2010
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137 | 137 | 137 | |||||||||
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Additional paid-in capital
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68,391 | 68,833 | 66,243 | |||||||||
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Retained earnings
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208,487 | 195,853 | 182,397 | |||||||||
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Treasury stock, at cost, 380, 456 and 472 shares at July 30, 2011, January 29, 2011 and July 31, 2010
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(9,182 | ) | (10,480 | ) | (10,782 | ) | ||||||
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Total Shareholders' Equity
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267,833 | 254,343 | 237,995 | |||||||||
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Total Liabilities and Shareholders' Equity
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$ | 382,092 | $ | 345,145 | $ | 349,844 | ||||||
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(In thousands, except per share data)
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Thirteen
Weeks Ended
July 30,
2011
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Thirteen
Weeks Ended
July 31,
2010
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Twenty-six
Weeks Ended
July 30,
2011
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Twenty-six
Weeks Ended
July 31,
2010
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||||||||||||
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Net sales
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$ | 166,672 | $ | 165,394 | $ | 365,122 | $ | 354,851 | ||||||||
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Cost of sales (including buying, distribution and occupancy costs)
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120,299 | 118,647 | 256,989 | 248,832 | ||||||||||||
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Gross profit
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46,373 | 46,747 | 108,133 | 106,019 | ||||||||||||
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Selling, general and administrative expenses
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42,259 | 40,758 | 87,884 | 85,039 | ||||||||||||
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Operating income
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4,114 | 5,989 | 20,249 | 20,980 | ||||||||||||
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Interest income
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(21 | ) | (28 | ) | (49 | ) | (51 | ) | ||||||||
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Interest expense
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71 | 63 | 132 | 132 | ||||||||||||
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Income before income taxes
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4,064 | 5,954 | 20,166 | 20,899 | ||||||||||||
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Income tax expense
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1,349 | 1,836 | 7,532 | 7,534 | ||||||||||||
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Net income
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$ | 2,715 | $ | 4,118 | $ | 12,634 | $ | 13,365 | ||||||||
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Net income per share:
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Basic
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$ | 0.20 | $ | 0.32 | $ | .95 | $ | 1.05 | ||||||||
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Diluted
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$ | 0.20 | $ | 0.32 | $ | .94 | $ | 1.04 | ||||||||
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Common Stock
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Additional Paid-In | Retained | Treasury | |||||||||||||||||||||||||
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(In thousands)
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Issued
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Treasury
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Amount
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Capital
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Earnings
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Stock
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Total
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|||||||||||||||||||||
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Balance at January 29, 2011
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13,655 | (456 | ) | $ | 137 | $ | 68,833 | $ | 195,853 | $ | (10,480 | ) | $ | 254,343 | ||||||||||||||
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Stock option exercises
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0 | 24 | (228 | ) | 577 | 349 | ||||||||||||||||||||||
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Stock-based compensation income tax benefit
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1,348 | 1,348 | ||||||||||||||||||||||||||
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Employee stock purchase plan purchases
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4 | 1 | 104 | 105 | ||||||||||||||||||||||||
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Restricted stock awards
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(3 | ) | 141 | (3,254 | ) | 3,254 | 0 | |||||||||||||||||||||
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Common stock repurchased
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(93 | ) | (2,637 | ) | (2,637 | ) | ||||||||||||||||||||||
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Stock-based compensation expense
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1,691 | 1,691 | ||||||||||||||||||||||||||
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Net income
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12,634 | 12,634 | ||||||||||||||||||||||||||
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Balance at July 30, 2011
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13,652 | (380 | ) | $ | 137 | $ | 68,391 | $ | 208,487 | $ | (9,182 | ) | $ | 267,833 | ||||||||||||||
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(In thousands)
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Twenty-six
Weeks Ended
July 30,
2011
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Twenty-six
Weeks Ended
July 31,
2010
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||||||
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Cash Flows From Operating Activities
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Net income
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$ | 12,634 | $ | 13,365 | ||||
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Adjustments to reconcile net income to net cash (used in) provided by operating activities:
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Depreciation and amortization
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7,058 | 6,815 | ||||||
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Stock-based compensation
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1,822 | 2,398 | ||||||
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Loss on retirement and impairment of assets
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483 | 1,223 | ||||||
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Deferred income taxes
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1,996 | (1,119 | ) | |||||
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Lease incentives
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2,434 | 981 | ||||||
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Other
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(185 | ) | (899 | ) | ||||
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Changes in operating assets and liabilities:
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||||||||
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Accounts receivable
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(1,239 | ) | (938 | ) | ||||
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Merchandise inventories
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(45,140 | ) | (40,695 | ) | ||||
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Accounts payable and accrued liabilities
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20,635 | 22,196 | ||||||
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Other
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(3,627 | ) | (1,336 | ) | ||||
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Net cash (used in) provided by operating activities
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(3,129 | ) | 1,991 | |||||
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Cash Flows From Investing Activities
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Purchases of property and equipment
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(12,165 | ) | (6,565 | ) | ||||
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Proceeds from sale of property and equipment
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4 | 311 | ||||||
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Proceeds from note receivable
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100 | 100 | ||||||
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Net cash used in investing activities
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(12,061 | ) | (6,154 | ) | ||||
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Cash Flows From Financing Activities
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Proceeds from issuance of stock
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454 | 415 | ||||||
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Excess tax benefits from stock-based compensation
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1,276 | 419 | ||||||
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Purchase of treasury stock
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(2,637 | ) | (279 | ) | ||||
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Net cash (used in) provided by financing activities
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(907 | ) | 555 | |||||
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Net decrease in cash and cash equivalents
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(16,097 | ) | (3,608 | ) | ||||
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Cash and cash equivalents at beginning of period
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60,193 | 44,168 | ||||||
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Cash and Cash Equivalents at End of Period
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$ | 44,096 | $ | 40,560 | ||||
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Supplemental disclosures of cash flow information:
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||||||||
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Cash paid during period for interest
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$ | 132 | $ | 125 | ||||
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Cash paid during period for income taxes
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$ | 6,862 | $ | 9,826 | ||||
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Capital expenditures incurred but not yet paid
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$ | 1,771 | $ | 1,387 | ||||
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(In thousands except per share data)
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Thirteen
Weeks Ended
July 30,
2011
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Thirteen
Weeks Ended
July 31,
2010
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Twenty-six
Weeks Ended
July 30,
2011
|
Twenty-six
Weeks Ended
July 31,
2010
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||||||||||||
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Numerator
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||||||||||||||||
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Net income
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$ | 2,715 | $ | 4,118 | $ | 12,634 | $ | 13,365 | ||||||||
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Less amount allocable to participating securities
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52 | 0 | 297 | 0 | ||||||||||||
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Net income available for basic common shares
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2,663 | 4,118 | 12,337 | 13,365 | ||||||||||||
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Adjustment for dilutive potential common shares
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0 | 0 | 4 | 0 | ||||||||||||
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Net income available for diluted common shares
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$ | 2,663 | $ | 4,118 | $ | 12,341 | $ | 13,365 | ||||||||
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Denominator
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||||||||||||||||
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Weighted average common shares – basic
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13,005 | 12,720 | 12,939 | 12,704 | ||||||||||||
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Adjustment for dilutive potential common shares
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138 | 178 | 135 | 183 | ||||||||||||
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Weighted average common shares – diluted
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13,143 | 12,898 | 13,074 | 12,887 | ||||||||||||
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Net income per common share
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Basic
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$ | 0.20 | $ | 0.32 | $ | 0.95 | $ | 1.05 | ||||||||
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Diluted
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$ | 0.20 | $ | 0.32 | $ | 0.94 | $ | 1.04 | ||||||||
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·
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Level 1 – Quoted prices in active markets that are unadjusted and accessible at the measurement date for identical, unrestricted assets or liabilities;
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·
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Level 2 – Quoted prices for identical assets and liabilities in markets that are not active, quoted prices for similar assets and liabilities in active markets or financial instruments for which significant inputs are observable, either directly or indirectly; and
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·
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Level 3 – Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable.
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(In thousands)
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Quoted Prices
in Active Markets for
Identical Assets
(Level 1)
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Significant
Other
Observable
Inputs
(Level 2)
|
Significant
Unobservable Inputs
(Level 3)
|
Total Fair Value
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||||||||||||
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As of July 30, 2011
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||||||||||||||||
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Cash and short-term investments
(1)
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$ | 35,211 | $ | 0 | $ | 0 | $ | 35,211 | ||||||||
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Credit and debit card receivables
(2)
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8,885 | 0 | 0 | 8,885 | ||||||||||||
| $ | 44,096 | $ | 0 | $ | 0 | $ | 44,096 | |||||||||
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As of January 29, 2011
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||||||||||||||||
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Cash and short-term investments
(1)
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$ | 54,915 | $ | 0 | $ | 0 | $ | 54,915 | ||||||||
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Credit and debit card receivables
(2)
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5,278 | 0 | 0 | 5,278 | ||||||||||||
| $ | 60,193 | $ | 0 | $ | 0 | $ | 60,193 | |||||||||
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As of July 31, 2010
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||||||||||||||||
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Cash
(1)
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$ | 32,363 | $ | 0 | $ | 0 | $ | 32,363 | ||||||||
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Credit and debit card receivables
(2)
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8,197 | 0 | 0 | 8,197 | ||||||||||||
| $ | 40,560 | $ | 0 | $ | 0 | $ | 40,560 | |||||||||
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(1)
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Cash and short-term investments represent cash deposits and short-term investments held with financial institutions, such as commercial paper and money market funds. To date, we have experienced no loss or lack of access to either invested cash or cash held in our bank accounts.
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(2)
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Our credit and debit card receivables are highly liquid financial assets that typically settle in less than three days.
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Number of Shares
|
Weighted- Average Exercise Price
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Weighted- Average Remaining Contractual Term (Years)
|
Aggregate Intrinsic Value (in thousands)
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|||||||||||||
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Outstanding at January 29, 2011
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342,718 | $ | 14.70 | 2.25 | 3,393 | |||||||||||
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Grants
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0 | |||||||||||||||
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Forfeited or expired
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0 | |||||||||||||||
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Exercised
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(23,934 | ) | 14.55 | |||||||||||||
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Outstanding July 30, 2011
|
318,784 | $ | 14.71 | 1.71 | $ | 5,380 | ||||||||||
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Options outstanding at July 30, 2011, net of estimated forfeitures
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318,729 | $ | 14.71 | 1.71 | $ | 5,379 | ||||||||||
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Exercisable at July 30, 2011
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316,283 | $ | 14.73 | 1.67 | $ | 5,332 | ||||||||||
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(In thousands)
|
Thirteen
Weeks Ended
July 30,
2011
|
Thirteen
Weeks Ended
July 31,
2010
|
Twenty-six
Weeks Ended
July 30,
2011
|
Twenty-six
Weeks Ended
July 31,
2010
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||||||||||||
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Total intrinsic value
(1)
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$ | 307 | $ | 32 | $ | 365 | $ | 230 | ||||||||
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Total cash received
|
$ | 297 | $ | 12 | $ | 348 | $ | 325 | ||||||||
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Associated excess income tax benefits recorded
|
$ | 117 | $ | 12 | $ | 139 | $ | 79 | ||||||||
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(1)
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Defined as the difference between the market value at exercise and the grant price of stock options exercised.
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Options Outstanding
|
Options Exercisable
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|||||||||||||||||||||
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Range of
Exercise Price
|
Number
of Options
Outstanding
|
Weighted
Average
Remaining Life
|
Weighted
Average
Exercise Price
|
Number
of Options
Exercisable
|
Weighted
Average
Exercise Price
|
|||||||||||||||||
| $ | 11.44 – 13.68 | 156,984 | 2.28 | $ | 12.53 | 154,483 | $ | 12.53 | ||||||||||||||
| $ | 13.87 – 17.12 | 161,800 | 1.16 | $ | 16.83 | 161,800 | $ | 16.83 | ||||||||||||||
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(In thousands)
|
Thirteen
Weeks Ended
July 30,
2011
(1)
|
Thirteen
Weeks Ended
July 31,
2010
(1)
|
Twenty-six
Weeks Ended
July 30,
2011
(1)
|
Twenty-six
Weeks Ended
July 31,
2010
(1)
|
||||||||||||
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Stock-based compensation expense before the recognized income tax benefit
|
$ | 8 | $ | 18 | $ | 17 | $ | 39 | ||||||||
|
Income tax benefit
|
$ | 3 | $ | 7 | $ | 6 | $ | 15 | ||||||||
|
(1)
|
Income tax benefit was calculated using an adjusted effective tax rate. The adjusted rate removes the tax effects from the favorable resolution of certain tax positions.
|
|
Number of Shares
|
Weighted- Average Grant Date Fair Value
|
|||||||
|
Non-vested at January 29, 2011
|
391,346 | $ | 19.91 | |||||
|
Granted
|
141,393 | 25.62 | ||||||
|
Vested
|
(276,549 | ) | 20.83 | |||||
|
Forfeited
|
(2,668 | ) | 25.72 | |||||
|
Non-vested at July 30, 2011
|
253,522 | $ | 22.04 | |||||
|
(In thousands)
|
Thirteen
Weeks Ended
July 30,
2011
(1)
|
Thirteen
Weeks Ended
July 31,
2010
(1)
|
Twenty-six
Weeks Ended
July 30,
2011
(1)
|
Twenty-six
Weeks Ended
July 31,
2010
(1)
|
||||||||||||
|
Stock-based compensation expense before the recognized income tax benefit
|
$ | 522 | $ | 1,054 | $ | 1,655 | $ | 2,127 | ||||||||
|
Income tax benefit
|
$ | 200 | $ | 407 | $ | 632 | $ | 812 | ||||||||
|
(1)
|
Income tax benefit was calculated using an adjusted effective tax rate. The adjusted rate removes the tax effects from the favorable resolution of certain tax positions.
|
|
Number of Shares
|
Weighted- Average Exercise Price
|
Weighted- Average Remaining Contractual Term (Years)
|
||||||||||
|
Outstanding at January 29, 2011
|
50,686 | $ | 9.72 | |||||||||
|
Granted
|
0 | 0.00 | ||||||||||
|
Forfeited or expired
|
(2,668 | ) | 9.72 | |||||||||
|
Exercised
|
0 | 0.00 | ||||||||||
|
Outstanding at July 30, 2011
|
48,018 | $ | 9.72 | 2.37 | ||||||||
|
Exercisable at July 30, 2011
|
0 | $ | 0.00 | 0.00 | ||||||||
|
July 30, 2011
|
||||
|
Risk free interest rate yield curve
|
0.16% -1.35 | % | ||
|
Expected dividend yield
|
0.0 | % | ||
|
Expected volatility
|
58.46 | % | ||
|
Maximum life
|
2.39 Years
|
|||
|
Exercise multiple
|
1.71 | |||
|
Maximum payout
|
$ | 9.72 | ||
|
Employee exit rate
|
2.2% - 9.0 | % | ||
|
(In thousands)
|
Thirteen
Weeks Ended
July 30,
2011
(1)
|
Thirteen
Weeks Ended
July 31,
2010
(1)
|
Twenty-six
Weeks Ended
July 30,
2011
(1)
|
Twenty-six
Weeks Ended
July 31,
2010
(1)
|
||||||||||||
|
Stock-based compensation expense before the recognized income tax benefit
|
$ | 60 | $ | 36 | $ | 132 | $ | 215 | ||||||||
|
Income tax benefit
|
$ | 23 | $ | 14 | $ | 50 | $ | 82 | ||||||||
|
(1)
|
Income tax benefit was calculated using an adjusted effective tax rate. The adjusted rate removes the tax effects from the favorable resolution of certain tax positions.
|
|
(In thousands)
|
Thirteen
Weeks Ended
July 30,
2011
(1)
|
Thirteen
Weeks Ended
July 31,
2010
(1)
|
Twenty-six
Weeks Ended
July 30,
2011
(1)
|
Twenty-six
Weeks Ended
July 31,
2010
(1)
|
||||||||||||
|
Stock-based compensation expense before
the recognized income tax benefit
(2)
|
$ | 7 | $ | 5 | $ | 19 | $ | 16 | ||||||||
|
Income tax benefit
|
$ | 3 | $ | 2 | $ | 7 | $ | 6 | ||||||||
|
(1)
|
Income tax benefit was calculated using an adjusted effective tax rate. The adjusted rate removes the tax effects from the favorable resolution of certain tax positions.
|
|
(2)
|
Amounts are representative of the 15% discount employees are provided for purchases under the employee stock purchase plan.
|
|
ITEM 2.
|
MAN
AGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
|
|
Number of Stores
|
Store Square Footage
|
|||||||||||||||||||||||||||
|
Beginning
|
End of
|
Net
|
End
|
Comparable
|
||||||||||||||||||||||||
|
Quarter Ended
|
Of Period
|
Opened
|
Closed
|
Period
|
Change
|
of Period
|
Store Sales
|
|||||||||||||||||||||
|
April 30, 2011
|
314 | 4 | 0 | 318 | 39,000 | 3,429,000 | 3.4 | % | ||||||||||||||||||||
|
July 30, 2011
|
318 | 5 | 2 | 321 | 55,000 | 3,484,000 | -1.1 | % | ||||||||||||||||||||
|
Year-to-date 2011
|
314 | 9 | 2 | 321 | 94,000 | 3,484,000 | 1.3 | % | ||||||||||||||||||||
|
May 1, 2010
|
311 | 3 | 3 | 311 | 2,000 | 3,374,000 | 13.1 | % | ||||||||||||||||||||
|
July 31, 2010
|
311 | 3 | 1 | 313 | 23,000 | 3,397,000 | 8.3 | % | ||||||||||||||||||||
|
Year-to-date 2010
|
311 | 6 | 4 | 313 | 25,000 | 3,397,000 | 10.8 | % | ||||||||||||||||||||
|
Thirteen
Weeks Ended
|
Thirteen
Weeks Ended
|
Twenty-six
Weeks Ended
|
Twenty-six
Weeks Ended
|
|||||||||||||
|
July 30, 2011
|
July 31, 2010
|
July 30, 2011
|
July 31, 2010
|
|||||||||||||
|
Net sales
|
100.0 | % | 100.0 | % | 100.0 | % | 100.0 | % | ||||||||
|
Cost of sales (including buying, distribution and occupancy costs)
|
72.2 | 71.7 | 70.4 | 70.1 | ||||||||||||
|
Gross profit
|
27.8 | 28.3 | 29.6 | 29.9 | ||||||||||||
|
Selling, general and administrative expenses
|
25.3 | 24.7 | 24.0 | 24.0 | ||||||||||||
|
Operating income
|
2.5 | 3.6 | 5.6 | 5.9 | ||||||||||||
|
Interest (income) expense, net
|
0.1 | 0.0 | 0.0 | 0.0 | ||||||||||||
|
Income before income taxes
|
2.4 | 3.6 | 5.6 | 5.9 | ||||||||||||
|
Income tax expense
|
0.8 | 1.1 | 2.1 | 2.1 | ||||||||||||
|
Net income
|
1.6 | % | 2.5 | % | 3.5 | % | 3.8 | % | ||||||||
|
·
|
Net sales increased $1.3 million to $166.7 million, a 0.8% increase over the prior year comparative period.
|
|
·
|
We achieved comparable store sales gains in the traditionally strong summer categories of sandals and running footwear. However, we were unable to overcome the decline in sales of toning product on both a unit and average price basis, when compared to the second quarter of last year. As a result, our comparable store sales declined 1.1%.
|
|
·
|
We achieved a gross profit margin of 27.8% as compared to 28.3% in the second quarter of the prior year. The merchandise margin remained unchanged, while buying, distribution and occupancy costs increased 0.5%, as a percentage of sales.
|
|
·
|
Inventories at July 30, 2011, when compared to levels at the end of the second quarter of fiscal 2010, increased 5.7% on a per store basis. This increase was due in part to an increase in the average cost of footwear on a per pair basis, an increase in pairs of footwear within key categories and the inventory purchased for the upcoming launch of our e-commerce site.
|
|
·
|
We ended the quarter with $44.1 million in cash and cash equivalents and no interest bearing debt.
|
|
|
·
|
Our self-insured health care costs increased $964,000. Health care claims in the second quarter were higher than we typically experience, which was in contrast to a significantly lower claims experience during the second quarter of fiscal 2010.
|
|
|
·
|
We incurred $235,000 of expense related to the implementation of our e-commerce platform. These expenses consisted primarily of wages, consulting services and software maintenance fees. No expenses were recorded in fiscal 2010.
|
|
|
·
|
We opened five stores in the second quarter of fiscal 2011 as compared to three stores in the second quarter of fiscal 2010. Pre-opening costs were $315,000, or 0.2% as a percentage of sales, for the second quarter of fiscal 2011 as compared to $162,000, or 0.1% as a percentage of sales, for the second quarter of fiscal 2010.
|
|
|
·
|
Store closing costs and non-cash asset impairment charges increased $256,000 to $295,000, or 0.2% as a percentage of sales. These costs related to the closing of two stores, non-cash asset impairment of certain underperforming stores and acceleration of expenses associated with management's determination to close certain underperforming stores in future periods.
|
|
|
·
|
Incentive compensation decreased by $1.3 million, as compared to the second quarter last year when record-breaking financial performance drove material increases in performance-based compensation.
|
|
Total Number
|
Approximate
|
|||||||||||||||
|
Of Shares
|
Dollar Value
|
|||||||||||||||
|
Purchased
|
of Shares
|
|||||||||||||||
|
as Part
|
that May Yet
|
|||||||||||||||
|
Total Number
|
Average
|
of Publicly
|
Be Purchased
|
|||||||||||||
|
of Shares
|
Price Paid
|
Announced
|
Under
|
|||||||||||||
|
Period
|
Purchased
1
|
per Share
|
Programs
2
|
Programs
|
||||||||||||
|
May 1, 2011 to May 28, 2011
|
0 | $ | 0.00 | 0 | $ | 0 | ||||||||||
|
May 29, 2011 to July 2, 2011
|
0 | $ | 0.00 | 0 | $ | 0 | ||||||||||
|
July 3, 2011 to July 30, 2011
|
220 | $ | 31.03 | 0 | $ | 0 | ||||||||||
| 220 | 0 | |||||||||||||||
|
|
1
|
Delivered to or withheld by us in connection with employee payroll tax withholding upon the vesting of certain restricted stock awards.
|
|
|
2
|
On August 23, 2010, our Board of Directors authorized a $25 million share repurchase program, which will terminate upon the earlier of the repurchase of the maximum amount or December 31, 2011.
|
|
Incorporated by Reference To
|
||||||
|
Exhibit
No.
|
Description
|
Form
|
Exhibit
|
Filing
Date
|
Filed
Herewith
|
|
|
3-A
|
Restated Articles of Incorporation of Registrant
|
10-K
|
3-A
|
4/25/2002
|
||
|
3-B
|
By-laws of Registrant, as amended to date
|
10-Q
|
3-B
|
12/9/2010
|
||
|
Certification of Chief Executive Officer Pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
|
X
|
|||||
|
Certification of Chief Financial Officer Pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
|
X
|
|||||
|
Certification of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
|
X
|
|||||
|
Certification of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
|
X
|
|||||
|
101
|
The following materials from Shoe Carnival, Inc.'s Quarterly Report on Form 10-Q for the quarter ended July 30, 2011, formatted in XBRL (Extensible Business Reporting Language): (1) Condensed Consolidated Balance Sheets, (2) Condensed Consolidated Statements of Income, (3) Condensed Consolidated Statement of Shareholders' Equity, (4) Condensed Consolidated Statements of Cash Flows, and (5) Notes to Consolidated Financial Statements, tagged as blocks of text.
|
X
|
||||
|
Date: September 7, 2011
|
SHOE CARNIVAL, INC.
(Registrant)
|
|
By:
/s/ W. Kerry Jackson
W. Kerry Jackson
Executive Vice President and
Chief Financial Officer
(Duly Authorized Officer and Principal Financial Officer)
|
No information found
* THE VALUE IS THE MARKET VALUE AS OF THE LAST DAY OF THE QUARTER FOR WHICH THE 13F WAS FILED.
| FUND | NUMBER OF SHARES | VALUE ($) | PUT OR CALL |
|---|
| DIRECTORS | AGE | BIO | OTHER DIRECTOR MEMBERSHIPS |
|---|
No information found
No Customers Found
No Suppliers Found
Price
Yield
| Owner | Position | Direct Shares | Indirect Shares |
|---|