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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Tractor Supply Company | NASDAQ:TSCO | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
4.79 | 1.79% | 271.485 | 271.36 | 271.56 | 271.745 | 266.47 | 267.94 | 448,679 | 19:39:06 |
☑
|
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
For the quarterly period ended
|
September 28, 2019
|
☐
|
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
For the transition period from
|
|
to
|
|
Delaware
|
|
13-3139732
|
|||
(State or Other Jurisdiction of Incorporation or Organization)
|
|
(I.R.S. Employer Identification No.)
|
|
Large accelerated filer
|
☑
|
Accelerated filer
|
☐
|
|
Non-accelerated filer
|
☐
|
Smaller reporting company
|
☐
|
|
|
|
Emerging growth company
|
☐
|
Title of each class
|
|
Trading Symbol(s)
|
|
Name of each exchange on which registered
|
Common Stock, $0.008 par value
|
|
TSCO
|
|
NASDAQ Global Select Market
|
Class
|
|
Outstanding at October 26, 2019
|
Common Stock, $.008 par value
|
|
118,386,226
|
|
|
Page No.
|
|
|
|
|
||
|
||
|
||
|
||
|
||
|
||
|
|
|
|
|
September 28,
2019 |
|
December 29,
2018 |
|
September 29,
2018 |
||||||
ASSETS
|
|
|
|
|
|
||||||
Current assets:
|
|
|
|
|
|
||||||
Cash and cash equivalents
|
$
|
82,640
|
|
|
$
|
86,299
|
|
|
$
|
71,302
|
|
Inventories
|
1,812,772
|
|
|
1,589,542
|
|
|
1,737,273
|
|
|||
Prepaid expenses and other current assets
|
104,486
|
|
|
114,447
|
|
|
109,478
|
|
|||
Income taxes receivable
|
5,600
|
|
|
4,111
|
|
|
23,655
|
|
|||
Total current assets
|
2,005,498
|
|
|
1,794,399
|
|
|
1,941,708
|
|
|||
|
|
|
|
|
|
||||||
Property and equipment, net
|
1,143,071
|
|
|
1,134,464
|
|
|
1,112,049
|
|
|||
Operating lease right-of-use assets
|
2,133,238
|
|
|
—
|
|
|
—
|
|
|||
Goodwill and other intangible assets
|
124,492
|
|
|
124,492
|
|
|
124,492
|
|
|||
Deferred income taxes
|
—
|
|
|
6,607
|
|
|
13,485
|
|
|||
Other assets
|
22,997
|
|
|
25,300
|
|
|
29,200
|
|
|||
Total assets
|
$
|
5,429,296
|
|
|
$
|
3,085,262
|
|
|
$
|
3,220,934
|
|
|
|
|
|
|
|
||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY
|
|
|
|
|
|
|
|
|
|||
Current liabilities:
|
|
|
|
|
|
|
|
|
|||
Accounts payable
|
$
|
679,791
|
|
|
$
|
619,981
|
|
|
$
|
683,672
|
|
Accrued employee compensation
|
49,236
|
|
|
54,046
|
|
|
51,673
|
|
|||
Other accrued expenses
|
218,774
|
|
|
232,416
|
|
|
209,199
|
|
|||
Current portion of long-term debt
|
30,000
|
|
|
26,250
|
|
|
26,250
|
|
|||
Current portion of finance lease liabilities
|
3,884
|
|
|
3,646
|
|
|
3,747
|
|
|||
Current portion of operating lease liabilities
|
270,038
|
|
|
—
|
|
|
—
|
|
|||
Income taxes payable
|
—
|
|
|
1,768
|
|
|
—
|
|
|||
Total current liabilities
|
1,251,723
|
|
|
938,107
|
|
|
974,541
|
|
|||
|
|
|
|
|
|
||||||
Long-term debt
|
613,885
|
|
|
381,100
|
|
|
547,505
|
|
|||
Finance lease liabilities, less current portion
|
29,174
|
|
|
29,270
|
|
|
29,690
|
|
|||
Operating lease liabilities, less current portion
|
1,966,363
|
|
|
—
|
|
|
—
|
|
|||
Deferred income taxes
|
1,888
|
|
|
—
|
|
|
—
|
|
|||
Deferred rent
|
—
|
|
|
107,038
|
|
|
108,487
|
|
|||
Other long-term liabilities
|
74,441
|
|
|
67,927
|
|
|
65,414
|
|
|||
Total liabilities
|
3,937,474
|
|
|
1,523,442
|
|
|
1,725,637
|
|
|||
|
|
|
|
|
|
||||||
Stockholders’ equity:
|
|
|
|
|
|
|
|
|
|||
Preferred stock
|
—
|
|
|
—
|
|
|
—
|
|
|||
Common stock
|
1,388
|
|
|
1,375
|
|
|
1,372
|
|
|||
Additional paid-in capital
|
950,908
|
|
|
823,413
|
|
|
793,090
|
|
|||
Treasury stock
|
(2,970,654
|
)
|
|
(2,480,677
|
)
|
|
(2,420,106
|
)
|
|||
Accumulated other comprehensive income
|
73
|
|
|
3,814
|
|
|
5,969
|
|
|||
Retained earnings
|
3,510,107
|
|
|
3,213,895
|
|
|
3,114,972
|
|
|||
Total stockholders’ equity
|
1,491,822
|
|
|
1,561,820
|
|
|
1,495,297
|
|
|||
Total liabilities and stockholders’ equity
|
$
|
5,429,296
|
|
|
$
|
3,085,262
|
|
|
$
|
3,220,934
|
|
|
|
|
|
|
|
|
For the Fiscal Three Months Ended
|
|
For the Fiscal Nine Months Ended
|
||||||||||||
|
September 28,
2019 |
|
September 29,
2018 |
|
September 28,
2019 |
|
September 29,
2018 |
||||||||
Net sales
|
$
|
1,984,144
|
|
|
$
|
1,881,625
|
|
|
$
|
6,160,146
|
|
|
$
|
5,777,775
|
|
Cost of merchandise sold
|
1,289,904
|
|
|
1,228,493
|
|
|
4,030,177
|
|
|
3,791,580
|
|
||||
Gross profit
|
694,240
|
|
|
653,132
|
|
|
2,129,969
|
|
|
1,986,195
|
|
||||
Selling, general and administrative expenses
|
482,604
|
|
|
454,998
|
|
|
1,432,603
|
|
|
1,333,457
|
|
||||
Depreciation and amortization
|
49,819
|
|
|
44,986
|
|
|
144,584
|
|
|
131,383
|
|
||||
Operating income
|
161,817
|
|
|
153,148
|
|
|
552,782
|
|
|
521,355
|
|
||||
Interest expense, net
|
4,900
|
|
|
4,460
|
|
|
15,006
|
|
|
13,906
|
|
||||
Income before income taxes
|
156,917
|
|
|
148,688
|
|
|
537,776
|
|
|
507,449
|
|
||||
Income tax expense
|
34,784
|
|
|
31,904
|
|
|
119,601
|
|
|
111,943
|
|
||||
Net income
|
$
|
122,133
|
|
|
$
|
116,784
|
|
|
$
|
418,175
|
|
|
$
|
395,506
|
|
|
|
|
|
|
|
|
|
||||||||
Net income per share – basic
|
$
|
1.03
|
|
|
$
|
0.96
|
|
|
$
|
3.48
|
|
|
$
|
3.22
|
|
Net income per share – diluted
|
$
|
1.02
|
|
|
$
|
0.95
|
|
|
$
|
3.45
|
|
|
$
|
3.20
|
|
|
|
|
|
|
|
|
|
||||||||
Weighted average shares outstanding:
|
|
|
|
|
|
|
|
|
|
|
|
||||
Basic
|
118,956
|
|
|
121,876
|
|
|
120,180
|
|
|
122,818
|
|
||||
Diluted
|
120,058
|
|
|
122,761
|
|
|
121,239
|
|
|
123,570
|
|
||||
|
|
|
|
|
|
|
|
||||||||
Dividends declared per common share outstanding
|
$
|
0.35
|
|
|
$
|
0.31
|
|
|
$
|
1.01
|
|
|
$
|
0.89
|
|
|
For the Fiscal Three Months Ended
|
|
For the Fiscal Nine Months Ended
|
||||||||||||
|
September 28,
2019 |
|
September 29,
2018 |
|
September 28,
2019 |
|
September 29,
2018 |
||||||||
Net income
|
$
|
122,133
|
|
|
$
|
116,784
|
|
|
$
|
418,175
|
|
|
$
|
395,506
|
|
|
|
|
|
|
|
|
|
||||||||
Other comprehensive (loss)/income:
|
|
|
|
|
|
|
|
||||||||
Change in fair value of interest rate swaps,
net of taxes
|
(809
|
)
|
|
227
|
|
|
(4,458
|
)
|
|
2,611
|
|
||||
Total other comprehensive (loss)/income
|
(809
|
)
|
|
227
|
|
|
(4,458
|
)
|
|
2,611
|
|
||||
Total comprehensive income
|
$
|
121,324
|
|
|
$
|
117,011
|
|
|
$
|
413,717
|
|
|
$
|
398,117
|
|
|
Common Stock
|
|
Additional
Paid-in
Capital
|
|
Treasury
Stock
|
|
Accum. Other Comp. Income
|
|
Retained
Earnings
|
|
Total
Stockholders’
Equity
|
|||||||||||||||
Shares
|
|
Dollars
|
||||||||||||||||||||||||
Stockholders’ equity at
December 29, 2018 |
121,828
|
|
|
$
|
1,375
|
|
|
$
|
823,413
|
|
|
$
|
(2,480,677
|
)
|
|
$
|
3,814
|
|
|
$
|
3,213,895
|
|
|
$
|
1,561,820
|
|
Common stock issuance under stock award plans & ESPP
|
570
|
|
|
5
|
|
|
34,727
|
|
|
|
|
|
|
|
|
34,732
|
|
|||||||||
Share-based compensation
|
|
|
|
|
9,624
|
|
|
|
|
|
|
|
|
9,624
|
|
|||||||||||
Repurchase of shares to satisfy tax obligations
|
|
|
|
|
(3,026
|
)
|
|
|
|
|
|
|
|
(3,026
|
)
|
|||||||||||
Repurchase of common stock
|
(1,724
|
)
|
|
|
|
|
|
(155,319
|
)
|
|
|
|
|
|
(155,319
|
)
|
||||||||||
Dividends paid
|
|
|
|
|
|
|
|
|
|
|
(37,623
|
)
|
|
(37,623
|
)
|
|||||||||||
Change in fair value of interest rate swaps, net of taxes
|
|
|
|
|
|
|
|
|
(1,464
|
)
|
|
|
|
(1,464
|
)
|
|||||||||||
Net income
|
|
|
|
|
|
|
|
|
|
|
76,832
|
|
|
76,832
|
|
|||||||||||
Cumulative adjustment as a result of ASU 2017-12 adoption
|
|
|
|
|
|
|
|
|
717
|
|
|
(717
|
)
|
|
—
|
|
||||||||||
Stockholders’ equity at
March 30, 2019 |
120,674
|
|
|
$
|
1,380
|
|
|
$
|
864,738
|
|
|
$
|
(2,635,996
|
)
|
|
$
|
3,067
|
|
|
$
|
3,252,387
|
|
|
$
|
1,485,576
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Common stock issuance under stock award plans & ESPP
|
781
|
|
|
6
|
|
|
54,693
|
|
|
|
|
|
|
|
|
54,699
|
|
|||||||||
Share-based compensation
|
|
|
|
|
8,776
|
|
|
|
|
|
|
|
|
8,776
|
|
|||||||||||
Repurchase of shares to satisfy tax obligations
|
|
|
|
|
(113
|
)
|
|
|
|
|
|
|
|
(113
|
)
|
|||||||||||
Repurchase of common stock
|
(1,732
|
)
|
|
|
|
|
|
(178,916
|
)
|
|
|
|
|
|
(178,916
|
)
|
||||||||||
Dividends paid
|
|
|
|
|
|
|
|
|
|
|
(42,105
|
)
|
|
(42,105
|
)
|
|||||||||||
Change in fair value of interest rate swaps, net of taxes
|
|
|
|
|
|
|
|
|
(2,185
|
)
|
|
|
|
(2,185
|
)
|
|||||||||||
Net income
|
|
|
|
|
|
|
|
|
|
|
219,210
|
|
|
219,210
|
|
|||||||||||
Stockholders’ equity at
June 29, 2019 |
119,723
|
|
|
$
|
1,386
|
|
|
$
|
928,094
|
|
|
$
|
(2,814,912
|
)
|
|
$
|
882
|
|
|
$
|
3,429,492
|
|
|
$
|
1,544,942
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Common stock issuance under stock award plans & ESPP
|
227
|
|
|
2
|
|
|
16,110
|
|
|
|
|
|
|
|
|
16,112
|
|
|||||||||
Share-based compensation
|
|
|
|
|
7,355
|
|
|
|
|
|
|
|
|
7,355
|
|
|||||||||||
Repurchase of shares to satisfy tax obligations
|
|
|
|
|
(651
|
)
|
|
|
|
|
|
|
|
(651
|
)
|
|||||||||||
Repurchase of common stock
|
(1,470
|
)
|
|
|
|
|
|
(155,742
|
)
|
|
|
|
|
|
(155,742
|
)
|
||||||||||
Dividends paid
|
|
|
|
|
|
|
|
|
|
|
(41,518
|
)
|
|
(41,518
|
)
|
|||||||||||
Change in fair value of interest rate swaps, net of taxes
|
|
|
|
|
|
|
|
|
(809
|
)
|
|
|
|
(809
|
)
|
|||||||||||
Net income
|
|
|
|
|
|
|
|
|
|
|
122,133
|
|
|
122,133
|
|
|||||||||||
Stockholders’ equity at
September 28, 2019 |
118,480
|
|
|
$
|
1,388
|
|
|
$
|
950,908
|
|
|
$
|
(2,970,654
|
)
|
|
$
|
73
|
|
|
$
|
3,510,107
|
|
|
$
|
1,491,822
|
|
|
Common Stock
|
|
Additional
Paid-in
Capital
|
|
Treasury
Stock
|
|
Accum. Other Comp. Income
|
|
Retained
Earnings
|
|
Total
Stockholders’
Equity
|
|||||||||||||||
Shares
|
|
Dollars
|
||||||||||||||||||||||||
Stockholders’ equity at
December 30, 2017 |
125,303
|
|
|
$
|
1,363
|
|
|
$
|
716,228
|
|
|
$
|
(2,130,901
|
)
|
|
$
|
3,358
|
|
|
$
|
2,828,625
|
|
|
$
|
1,418,673
|
|
Common stock issuance under stock award plans & ESPP
|
123
|
|
|
1
|
|
|
4,362
|
|
|
|
|
|
|
|
|
4,363
|
|
|||||||||
Share-based compensation
|
|
|
|
|
8,567
|
|
|
|
|
|
|
|
|
8,567
|
|
|||||||||||
Repurchase of shares to satisfy tax obligations
|
|
|
|
|
(569
|
)
|
|
|
|
|
|
|
|
(569
|
)
|
|||||||||||
Repurchase of common stock
|
(2,367
|
)
|
|
|
|
|
|
(157,463
|
)
|
|
|
|
|
|
(157,463
|
)
|
||||||||||
Dividends paid
|
|
|
|
|
|
|
|
|
|
|
(33,591
|
)
|
|
(33,591
|
)
|
|||||||||||
Change in fair value of interest rate swaps, net of taxes
|
|
|
|
|
|
|
|
|
1,832
|
|
|
|
|
1,832
|
|
|||||||||||
Net income
|
|
|
|
|
|
|
|
|
|
|
71,433
|
|
|
71,433
|
|
|||||||||||
Stockholders’ equity at
March 31, 2018 |
123,059
|
|
|
$
|
1,364
|
|
|
$
|
728,588
|
|
|
$
|
(2,288,364
|
)
|
|
$
|
5,190
|
|
|
$
|
2,866,467
|
|
|
$
|
1,313,245
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Common stock issuance under stock award plans & ESPP
|
229
|
|
|
2
|
|
|
9,980
|
|
|
|
|
|
|
|
|
9,982
|
|
|||||||||
Share-based compensation
|
|
|
|
|
7,842
|
|
|
|
|
|
|
|
|
7,842
|
|
|||||||||||
Repurchase of common stock
|
(1,477
|
)
|
|
|
|
|
|
(95,082
|
)
|
|
|
|
|
|
(95,082
|
)
|
||||||||||
Dividends paid
|
|
|
|
|
|
|
|
|
|
|
(37,786
|
)
|
|
(37,786
|
)
|
|||||||||||
Change in fair value of interest rate swaps, net of taxes
|
|
|
|
|
|
|
|
|
552
|
|
|
|
|
552
|
|
|||||||||||
Net income
|
|
|
|
|
|
|
|
|
|
|
207,289
|
|
|
207,289
|
|
|||||||||||
Stockholders’ equity at
June 30, 2018 |
121,811
|
|
|
$
|
1,366
|
|
|
$
|
746,410
|
|
|
$
|
(2,383,446
|
)
|
|
$
|
5,742
|
|
|
$
|
3,035,970
|
|
|
$
|
1,406,042
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Common stock issuance under stock award plans & ESPP
|
761
|
|
|
6
|
|
|
40,355
|
|
|
|
|
|
|
|
|
40,361
|
|
|||||||||
Share-based compensation
|
|
|
|
|
6,378
|
|
|
|
|
|
|
|
|
6,378
|
|
|||||||||||
Repurchase of shares to satisfy tax obligations
|
|
|
|
|
(53
|
)
|
|
|
|
|
|
|
|
(53
|
)
|
|||||||||||
Repurchase of common stock
|
(452
|
)
|
|
|
|
|
|
(36,660
|
)
|
|
|
|
|
|
(36,660
|
)
|
||||||||||
Dividends paid
|
|
|
|
|
|
|
|
|
|
|
(37,782
|
)
|
|
(37,782
|
)
|
|||||||||||
Change in fair value of interest rate swaps, net of taxes
|
|
|
|
|
|
|
|
|
227
|
|
|
|
|
227
|
|
|||||||||||
Net income
|
|
|
|
|
|
|
|
|
|
|
116,784
|
|
|
116,784
|
|
|||||||||||
Stockholders’ equity at
September 29, 2018 |
122,120
|
|
|
$
|
1,372
|
|
|
$
|
793,090
|
|
|
$
|
(2,420,106
|
)
|
|
$
|
5,969
|
|
|
$
|
3,114,972
|
|
|
$
|
1,495,297
|
|
|
For the Fiscal Nine Months Ended
|
||||||
|
September 28,
2019 |
|
September 29,
2018 |
||||
Cash flows from operating activities:
|
|
|
|
||||
Net income
|
$
|
418,175
|
|
|
$
|
395,506
|
|
Adjustments to reconcile net income to net cash provided by operating activities:
|
|
|
|
||||
Depreciation and amortization
|
144,584
|
|
|
131,383
|
|
||
Gain on disposition of property and equipment
|
(262
|
)
|
|
(285
|
)
|
||
Share-based compensation expense
|
25,755
|
|
|
22,787
|
|
||
Deferred income taxes
|
8,495
|
|
|
5,009
|
|
||
Change in assets and liabilities:
|
|
|
|
|
|
||
Inventories
|
(223,230
|
)
|
|
(284,065
|
)
|
||
Prepaid expenses and other current assets
|
9,961
|
|
|
(21,226
|
)
|
||
Accounts payable
|
59,810
|
|
|
107,104
|
|
||
Accrued employee compensation
|
(4,810
|
)
|
|
20,000
|
|
||
Other accrued expenses
|
(21,622
|
)
|
|
667
|
|
||
Income taxes
|
(3,257
|
)
|
|
(29,667
|
)
|
||
Other
|
728
|
|
|
6,206
|
|
||
Net cash provided by operating activities
|
414,327
|
|
|
353,419
|
|
||
Cash flows from investing activities:
|
|
|
|
|
|
||
Capital expenditures
|
(144,342
|
)
|
|
(193,693
|
)
|
||
Proceeds from sale of property and equipment
|
2,317
|
|
|
2,029
|
|
||
Net cash used in investing activities
|
(142,025
|
)
|
|
(191,664
|
)
|
||
Cash flows from financing activities:
|
|
|
|
|
|
||
Borrowings under debt facilities
|
947,000
|
|
|
968,500
|
|
||
Repayments under debt facilities
|
(710,750
|
)
|
|
(820,750
|
)
|
||
Debt issuance costs
|
—
|
|
|
(346
|
)
|
||
Principal payments under finance lease liabilities
|
(2,741
|
)
|
|
(2,725
|
)
|
||
Repurchase of shares to satisfy tax obligations
|
(3,790
|
)
|
|
(622
|
)
|
||
Repurchase of common stock
|
(489,977
|
)
|
|
(289,205
|
)
|
||
Net proceeds from issuance of common stock
|
105,543
|
|
|
54,706
|
|
||
Cash dividends paid to stockholders
|
(121,246
|
)
|
|
(109,159
|
)
|
||
Net cash used in financing activities
|
(275,961
|
)
|
|
(199,601
|
)
|
||
Net change in cash and cash equivalents
|
(3,659
|
)
|
|
(37,846
|
)
|
||
Cash and cash equivalents at beginning of period
|
86,299
|
|
|
109,148
|
|
||
Cash and cash equivalents at end of period
|
$
|
82,640
|
|
|
$
|
71,302
|
|
|
|
|
|
||||
Supplemental disclosures of cash flow information:
|
|
|
|
|
|
||
Cash paid during the period for:
|
|
|
|
|
|
||
Interest
|
$
|
15,189
|
|
|
$
|
15,445
|
|
Income taxes
|
112,693
|
|
|
137,041
|
|
||
|
|
|
|
||||
Supplemental disclosures of non-cash activities:
|
|
|
|
||||
Non-cash accruals for construction in progress
|
$
|
10,981
|
|
|
$
|
15,521
|
|
Operating lease assets and liabilities recognized upon adoption of ASC 842
|
2,084,880
|
|
|
—
|
|
||
Increase of operating lease assets and liabilities from new or modified leases
|
240,969
|
|
|
—
|
|
||
Increase of finance lease assets and liabilities from new or modified leases
|
2,883
|
|
|
—
|
|
|
Fiscal Nine Months Ended
|
||
|
September 28, 2019
|
||
Stock options granted
|
392,088
|
|
|
Weighted average exercise price
|
$
|
89.71
|
|
Weighted average grant date fair value per option
|
$
|
20.80
|
|
|
Fiscal Nine Months Ended
|
||
|
September 28, 2019
|
||
Restricted stock units granted
|
252,905
|
|
|
Performance-based restricted share units granted (a)
|
58,115
|
|
|
Weighted average grant date fair value per share
|
$
|
87.50
|
|
|
Fiscal Three Months Ended
|
|
Fiscal Three Months Ended
|
||||||||||||||||||
|
September 28, 2019
|
|
September 29, 2018
|
||||||||||||||||||
|
Income
|
|
Shares
|
|
Per Share
Amount |
|
Income
|
|
Shares
|
|
Per Share
Amount |
||||||||||
Basic net income per share:
|
$
|
122,133
|
|
|
118,956
|
|
|
$
|
1.03
|
|
|
$
|
116,784
|
|
|
121,876
|
|
|
$
|
0.96
|
|
Dilutive effect of share-based awards
|
—
|
|
|
1,102
|
|
|
(0.01
|
)
|
|
—
|
|
|
885
|
|
|
(0.01
|
)
|
||||
Diluted net income per share:
|
$
|
122,133
|
|
|
120,058
|
|
|
$
|
1.02
|
|
|
$
|
116,784
|
|
|
122,761
|
|
|
$
|
0.95
|
|
|
Fiscal Nine Months Ended
|
|
Fiscal Nine Months Ended
|
||||||||||||||||||
|
September 28, 2019
|
|
September 29, 2018
|
||||||||||||||||||
|
Income
|
|
Shares
|
|
Per Share
Amount
|
|
Income
|
|
Shares
|
|
Per Share
Amount
|
||||||||||
Basic net income per share:
|
$
|
418,175
|
|
|
120,180
|
|
|
$
|
3.48
|
|
|
$
|
395,506
|
|
|
122,818
|
|
|
$
|
3.22
|
|
Dilutive effect of share-based awards
|
—
|
|
|
1,059
|
|
|
(0.03
|
)
|
|
—
|
|
|
752
|
|
|
(0.02
|
)
|
||||
Diluted net income per share:
|
$
|
418,175
|
|
|
121,239
|
|
|
$
|
3.45
|
|
|
$
|
395,506
|
|
|
123,570
|
|
|
$
|
3.20
|
|
|
|
September 28,
2019 |
|
December 29,
2018 |
|
September 29,
2018 |
||||||
Senior Notes
|
|
$
|
150.0
|
|
|
$
|
150.0
|
|
|
$
|
150.0
|
|
Senior Credit Facility:
|
|
|
|
|
|
|
||||||
February 2016 Term Loan
|
|
150.0
|
|
|
165.0
|
|
|
165.0
|
|
|||
June 2017 Term Loan
|
|
90.0
|
|
|
93.8
|
|
|
93.8
|
|
|||
Revolving credit loans
|
|
255.0
|
|
|
—
|
|
|
166.5
|
|
|||
Total outstanding borrowings
|
|
645.0
|
|
|
408.8
|
|
|
575.3
|
|
|||
Less: unamortized debt issuance costs
|
|
(1.1
|
)
|
|
(1.4
|
)
|
|
(1.5
|
)
|
|||
Total debt
|
|
643.9
|
|
|
407.4
|
|
|
573.8
|
|
|||
Less: current portion of long-term debt
|
|
(30.0
|
)
|
|
(26.3
|
)
|
|
(26.3
|
)
|
|||
Long-term debt
|
|
$
|
613.9
|
|
|
$
|
381.1
|
|
|
$
|
547.5
|
|
|
|
|
|
|
|
|
||||||
Outstanding letters of credit
|
|
$
|
34.0
|
|
|
$
|
33.5
|
|
|
$
|
36.7
|
|
Derivatives Designated
as Cash Flow Hedges
|
|
Balance Sheet Location
|
|
September 28,
2019 |
|
December 29,
2018 |
|
September 29,
2018 |
||||||
Interest rate swaps (short-term portion)
|
|
Other current assets
|
|
$
|
631
|
|
|
$
|
2,601
|
|
|
$
|
2,735
|
|
Interest rate swaps (long-term portion)
|
|
Other assets
|
|
105
|
|
|
3,222
|
|
|
5,991
|
|
|||
Total derivative assets
|
|
|
|
$
|
736
|
|
|
$
|
5,823
|
|
|
$
|
8,726
|
|
|
|
|
|
|
|
|
|
|
||||||
Interest rate swaps (short-term portion)
|
|
Other accrued expenses
|
|
$
|
57
|
|
|
$
|
—
|
|
|
$
|
—
|
|
Interest rate swaps (long-term portion)
|
|
Other long-term liabilities
|
|
581
|
|
|
—
|
|
|
—
|
|
|||
Total derivative liabilities
|
|
|
|
$
|
638
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
|
September 28,
2019 |
|
December 29,
2018 |
|
September 29,
2018 |
||||||
Beginning fiscal year AOCI balance
|
|
$
|
3,814
|
|
|
$
|
3,358
|
|
|
$
|
3,358
|
|
|
|
|
|
|
|
|
||||||
Current fiscal period (loss)/gain recognized in OCI
|
|
(4,458
|
)
|
|
456
|
|
|
2,611
|
|
|||
Cumulative adjustment as a result of ASU 2017-12 adoption
|
|
717
|
|
|
—
|
|
|
—
|
|
|||
Other comprehensive (loss)/gain, net of tax
|
|
(3,741
|
)
|
|
456
|
|
|
2,611
|
|
|||
Ending fiscal period AOCI balance
|
|
$
|
73
|
|
|
$
|
3,814
|
|
|
$
|
5,969
|
|
|
|
|
Fiscal Three Months Ended
|
|
Fiscal Nine Months Ended
|
||||||||||||
|
Financial Statement Location
|
|
September 28,
2019 |
|
September 29,
2018 |
|
September 28,
2019 |
|
September 29,
2018 |
||||||||
Amount of (losses)/gains recognized in OCI during the period
|
Other comprehensive (loss)/income
|
|
$
|
(841
|
)
|
|
$
|
306
|
|
|
$
|
(5,725
|
)
|
|
$
|
3,511
|
|
|
Fiscal Three Months Ended
|
|
Fiscal Nine Months Ended
|
||||||||||||
|
September 28,
2019 |
|
September 29,
2018 |
|
September 28,
2019 |
|
September 29,
2018 |
||||||||
Income tax (benefit)/expense of interest rate swaps on AOCI
|
$
|
(32
|
)
|
|
$
|
79
|
|
|
$
|
(1,267
|
)
|
|
$
|
900
|
|
|
|
|
|
Fiscal Three Months Ended
|
|
Fiscal Nine Months Ended
|
||||
|
|
Statement of Income Location
|
|
September 28, 2019
|
|
September 28, 2019
|
||||
Finance lease cost:
|
|
|
|
|
|
|
||||
Amortization of lease assets
|
|
Depreciation and amortization
|
|
$
|
1,075
|
|
|
$
|
3,165
|
|
Interest on lease liabilities
|
|
Interest expense, net
|
|
407
|
|
|
1,207
|
|
||
Operating lease cost
|
|
Selling, general and administrative expenses
|
|
88,820
|
|
|
262,838
|
|
||
Variable lease cost
|
|
Selling, general and administrative expenses
|
|
18,394
|
|
|
55,545
|
|
||
Net lease cost
|
|
|
|
$
|
108,696
|
|
|
$
|
322,755
|
|
|
|
Operating Leases (a)
|
|
Finance Leases
|
|
Total
|
||||||
2019 (b)
|
|
$
|
92,364
|
|
|
$
|
1,364
|
|
|
$
|
93,728
|
|
2020
|
|
358,275
|
|
|
5,471
|
|
|
363,746
|
|
|||
2021
|
|
337,373
|
|
|
5,531
|
|
|
342,904
|
|
|||
2022
|
|
313,814
|
|
|
4,409
|
|
|
318,223
|
|
|||
2023
|
|
289,207
|
|
|
3,217
|
|
|
292,424
|
|
|||
After 2023
|
|
1,348,926
|
|
|
23,000
|
|
|
1,371,926
|
|
|||
Total lease payments
|
|
2,739,959
|
|
|
42,992
|
|
|
2,782,951
|
|
|||
Less: Interest
|
|
(503,558
|
)
|
|
(9,934
|
)
|
|
(513,492
|
)
|
|||
Present value of lease liabilities
|
|
$
|
2,236,401
|
|
|
$
|
33,058
|
|
|
$
|
2,269,459
|
|
|
|
September 28, 2019
|
|
Weighted-average remaining lease term (years):
|
|
|
|
Finance leases
|
|
9.8
|
|
Operating leases
|
|
8.9
|
|
Weighted-average discount rate:
|
|
|
|
Finance leases
|
|
5.2
|
%
|
Operating leases
|
|
4.4
|
%
|
|
|
Fiscal Three Months Ended
|
|
Fiscal Nine Months Ended
|
||||
|
|
September 28, 2019
|
|
September 28, 2019
|
||||
Cash paid for amounts included in the measurement of lease liabilities:
|
|
|
|
|
||||
Financing cash flows from finance leases
|
|
$
|
936
|
|
|
$
|
2,741
|
|
Operating cash flows from finance leases
|
|
388
|
|
|
1,188
|
|
||
Operating cash flows from operating leases
|
|
88,820
|
|
|
251,800
|
|
|
|
Capital
Leases
|
|
Operating
Leases
|
||||
2019
|
|
$
|
5,215
|
|
|
$
|
344,836
|
|
2020
|
|
5,234
|
|
|
328,589
|
|
||
2021
|
|
5,294
|
|
|
306,572
|
|
||
2022
|
|
4,172
|
|
|
284,327
|
|
||
2023
|
|
2,980
|
|
|
260,518
|
|
||
Thereafter
|
|
20,169
|
|
|
1,175,972
|
|
||
Total minimum lease payments
|
|
43,064
|
|
|
$
|
2,700,814
|
|
|
Amount representing interest
|
|
(10,148
|
)
|
|
|
|
||
Present value of minimum lease payments
|
|
32,916
|
|
|
|
|
||
Less: current portion
|
|
(3,646
|
)
|
|
|
|
||
Long-term capital lease obligations
|
|
$
|
29,270
|
|
|
|
|
Date Declared
|
|
Dividend Amount
Per Share of Common Stock |
|
Record Date
|
|
Date Paid
|
||
August 7, 2019
|
|
$
|
0.35
|
|
|
August 26, 2019
|
|
September 10, 2019
|
May 8, 2019
|
|
$
|
0.35
|
|
|
May 28, 2019
|
|
June 11, 2019
|
February 6, 2019
|
|
$
|
0.31
|
|
|
February 25, 2019
|
|
March 12, 2019
|
|
|
|
|
|
|
|
|
|
August 8, 2018
|
|
$
|
0.31
|
|
|
August 27, 2018
|
|
September 11, 2018
|
May 9, 2018
|
|
$
|
0.31
|
|
|
May 29, 2018
|
|
June 12, 2018
|
February 7, 2018
|
|
$
|
0.27
|
|
|
February 26, 2018
|
|
March 13, 2018
|
|
Fiscal Three Months Ended
|
|
Fiscal Nine Months Ended
|
||||||||||||
|
September 28, 2019
|
|
September 29, 2018
|
|
September 28, 2019
|
|
September 29, 2018
|
||||||||
Total number of shares repurchased
|
1,470
|
|
|
452
|
|
|
4,926
|
|
|
4,296
|
|
||||
Average price paid per share
|
$
|
105.97
|
|
|
$
|
81.23
|
|
|
$
|
99.46
|
|
|
$
|
67.33
|
|
Total cash paid for share repurchases
|
$
|
155,742
|
|
|
$
|
36,660
|
|
|
$
|
489,977
|
|
|
$
|
289,205
|
|
|
Fiscal Three Months Ended
|
|
Fiscal Nine Months Ended
|
||||||||
Product Category:
|
September 28,
2019 |
|
September 29,
2018 |
|
September 28,
2019 |
|
September 29,
2018 |
||||
Livestock and Pet
|
49
|
%
|
|
49
|
%
|
|
48
|
%
|
|
48
|
%
|
Hardware, Tools and Truck
|
23
|
|
|
22
|
|
|
21
|
|
|
21
|
|
Seasonal, Gift and Toy Products
|
18
|
|
|
18
|
|
|
20
|
|
|
20
|
|
Clothing and Footwear
|
5
|
|
|
6
|
|
|
6
|
|
|
6
|
|
Agriculture
|
5
|
|
|
5
|
|
|
5
|
|
|
5
|
|
Total
|
100
|
%
|
|
100
|
%
|
|
100
|
%
|
|
100
|
%
|
•
|
The Company elected the optional transition method which allows for the lessee to not recast comparative financial information but rather recognize a cumulative-effect adjustment to retained earnings as of the effective date in the period of adoption. No such adjustment to retained earnings was made as a result of the adoption of this guidance.
|
•
|
The Company elected the package of practical expedients permitted under the transition guidance within the new standard which, among other things, allowed us to carry forward our prior lease classification under Accounting Standards Codification (“ASC”) Topic 840.
|
•
|
The Company did not elect the hindsight practical expedient for all leases.
|
•
|
The Company elected to make the accounting policy election for short-term leases resulting in lease payments being recorded as an expense on a straight-line basis over the lease term.
|
•
|
The Company elected the land easement practical expedient.
|
|
Fiscal Three Months Ended
|
||||
Store Count Information:
|
September 28,
2019 |
|
September 29,
2018 |
||
Tractor Supply
|
|
|
|
||
Beginning of period
|
1,790
|
|
|
1,725
|
|
New stores opened
|
25
|
|
|
23
|
|
Stores closed
|
(1
|
)
|
|
—
|
|
End of period
|
1,814
|
|
|
1,748
|
|
Petsense
|
|
|
|
||
Beginning of period
|
177
|
|
|
174
|
|
New stores opened
|
1
|
|
|
7
|
|
Stores closed
|
(2
|
)
|
|
—
|
|
End of period
|
176
|
|
|
181
|
|
Consolidated, end of period
|
1,990
|
|
|
1,929
|
|
Stores relocated
|
1
|
|
|
—
|
|
|
Percent of Net Sales
|
|||||
|
Fiscal Three Months Ended
|
|||||
Product Category:
|
September 28,
2019 |
|
September 29,
2018 |
|||
Livestock and Pet
|
49
|
%
|
|
49
|
%
|
|
Hardware, Tools and Truck
|
23
|
|
|
22
|
|
|
Seasonal, Gift and Toy Products
|
18
|
|
|
18
|
|
|
Clothing and Footwear
|
5
|
|
|
6
|
|
|
Agriculture
|
5
|
|
|
5
|
|
|
Total
|
100
|
%
|
|
100
|
%
|
|
Fiscal Nine Months Ended
|
||||
Store Count Information:
|
September 28,
2019 |
|
September 29,
2018 |
||
Tractor Supply
|
|
|
|
||
Beginning of period
|
1,765
|
|
|
1,685
|
|
New stores opened
|
50
|
|
|
63
|
|
Stores closed
|
(1
|
)
|
|
—
|
|
End of period
|
1,814
|
|
|
1,748
|
|
Petsense
|
|
|
|
||
Beginning of period
|
175
|
|
|
168
|
|
New stores opened
|
3
|
|
|
14
|
|
Stores closed
|
(2
|
)
|
|
(1
|
)
|
End of period
|
176
|
|
|
181
|
|
Consolidated, end of period
|
1,990
|
|
|
1,929
|
|
Stores relocated
|
2
|
|
|
2
|
|
|
Percent of Net Sales
|
|||||
|
Fiscal Nine Months Ended
|
|||||
Product Category:
|
September 28,
2019 |
|
September 29,
2018 |
|||
Livestock and Pet
|
48
|
%
|
|
48
|
%
|
|
Hardware, Tools and Truck
|
21
|
|
|
21
|
|
|
Seasonal, Gift and Toy Products
|
20
|
|
|
20
|
|
|
Clothing and Footwear
|
6
|
|
|
6
|
|
|
Agriculture
|
5
|
|
|
5
|
|
|
Total
|
100
|
%
|
|
100
|
%
|
|
September 28,
2019 |
|
December 29,
2018 |
|
Variance
|
|
September 29,
2018 |
|
Variance
|
||||||||||
Current assets:
|
|
|
|
|
|
|
|
|
|
||||||||||
Cash and cash equivalents
|
$
|
82.6
|
|
|
$
|
86.3
|
|
|
$
|
(3.7
|
)
|
|
$
|
71.3
|
|
|
$
|
11.3
|
|
Inventories
|
1,812.8
|
|
|
1,589.5
|
|
|
223.3
|
|
|
1,737.3
|
|
|
75.5
|
|
|||||
Prepaid expenses and other current assets
|
104.5
|
|
|
114.5
|
|
|
(10.0
|
)
|
|
109.5
|
|
|
(5.0
|
)
|
|||||
Income taxes receivable
|
5.6
|
|
|
4.1
|
|
|
1.5
|
|
|
23.6
|
|
|
(18.0
|
)
|
|||||
Total current assets
|
2,005.5
|
|
|
1,794.4
|
|
|
211.1
|
|
|
1,941.7
|
|
|
63.8
|
|
|||||
Current liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Accounts payable
|
679.8
|
|
|
620.0
|
|
|
59.8
|
|
|
683.7
|
|
|
(3.9
|
)
|
|||||
Accrued employee compensation
|
49.2
|
|
|
54.0
|
|
|
(4.8
|
)
|
|
51.6
|
|
|
(2.4
|
)
|
|||||
Other accrued expenses
|
218.8
|
|
|
232.4
|
|
|
(13.6
|
)
|
|
209.2
|
|
|
9.6
|
|
|||||
Current portion of long-term debt
|
30.0
|
|
|
26.3
|
|
|
3.7
|
|
|
26.3
|
|
|
3.7
|
|
|||||
Current portion of finance lease liabilities
|
3.9
|
|
|
3.6
|
|
|
0.3
|
|
|
3.7
|
|
|
0.2
|
|
|||||
Current portion of operating lease liabilities
|
270.0
|
|
|
—
|
|
|
270.0
|
|
|
—
|
|
|
270.0
|
|
|||||
Income taxes payable
|
—
|
|
|
1.8
|
|
|
(1.8
|
)
|
|
—
|
|
|
—
|
|
|||||
Total current liabilities
|
1,251.7
|
|
|
938.1
|
|
|
313.6
|
|
|
974.5
|
|
|
277.2
|
|
|||||
Working capital
|
$
|
753.8
|
|
|
$
|
856.3
|
|
|
$
|
(102.5
|
)
|
|
$
|
967.2
|
|
|
$
|
(213.4
|
)
|
•
|
The increase in inventories and accounts payable resulted primarily from the purchase of additional inventory to support new store growth, as well as an increase in average inventory per store principally due to normal seasonal patterns.
|
•
|
The change in operating lease liabilities is due to the adoption of the new lease accounting standard under ASC 842.
|
•
|
The increase in inventories resulted primarily from the purchase of additional inventory to support new store growth. Average inventory per store increased slightly due principally to inflation, inclusive of the impact of tariffs, as well as modest growth in everyday merchandise to support positive trends in the business. Accounts payable did not fluctuate in line with the increase in inventory due to the timing of payments.
|
•
|
The change in operating lease liabilities is due to the adoption of the new lease accounting standard under ASC 842.
|
|
|
September 28,
2019 |
|
December 29,
2018 |
|
September 29,
2018 |
||||||
Senior Notes
|
|
$
|
150.0
|
|
|
$
|
150.0
|
|
|
$
|
150.0
|
|
Senior Credit Facility:
|
|
|
|
|
|
|
||||||
February 2016 Term Loan
|
|
150.0
|
|
|
165.0
|
|
|
165.0
|
|
|||
June 2017 Term Loan
|
|
90.0
|
|
|
93.8
|
|
|
93.8
|
|
|||
Revolving credit loans
|
|
255.0
|
|
|
—
|
|
|
166.5
|
|
|||
Total outstanding borrowings
|
|
645.0
|
|
|
408.8
|
|
|
575.3
|
|
|||
Less: unamortized debt issuance costs
|
|
(1.1
|
)
|
|
(1.4
|
)
|
|
(1.5
|
)
|
|||
Total debt
|
|
643.9
|
|
|
407.4
|
|
|
573.8
|
|
|||
Less: current portion of long-term debt
|
|
(30.0
|
)
|
|
(26.3
|
)
|
|
(26.3
|
)
|
|||
Long-term debt
|
|
$
|
613.9
|
|
|
$
|
381.1
|
|
|
$
|
547.5
|
|
|
|
|
|
|
|
|
||||||
Outstanding letters of credit
|
|
$
|
34.0
|
|
|
$
|
33.5
|
|
|
$
|
36.7
|
|
|
Fiscal Nine Months Ended
|
||||||||||
|
September 28,
2019 |
|
September 29,
2018 |
|
Variance
|
||||||
Net income
|
$
|
418.2
|
|
|
$
|
395.5
|
|
|
$
|
22.7
|
|
Depreciation and amortization
|
144.6
|
|
|
131.4
|
|
|
13.2
|
|
|||
Share-based compensation expense
|
25.8
|
|
|
22.8
|
|
|
3.0
|
|
|||
Deferred income taxes
|
8.5
|
|
|
5.0
|
|
|
3.5
|
|
|||
Inventories and accounts payable
|
(163.4
|
)
|
|
(177.0
|
)
|
|
13.6
|
|
|||
Prepaid expenses and other current assets
|
10.0
|
|
|
(21.2
|
)
|
|
31.2
|
|
|||
Accrued expenses
|
(26.4
|
)
|
|
20.7
|
|
|
(47.1
|
)
|
|||
Income taxes
|
(3.3
|
)
|
|
(29.7
|
)
|
|
26.4
|
|
|||
Other, net
|
0.3
|
|
|
5.9
|
|
|
(5.6
|
)
|
|||
Net cash provided by operating activities
|
$
|
414.3
|
|
|
$
|
353.4
|
|
|
$
|
60.9
|
|
|
Fiscal Nine Months Ended
|
||||||
|
September 28,
2019 |
|
September 29,
2018 |
||||
Information technology
|
$
|
66.5
|
|
|
$
|
62.4
|
|
New and relocated stores and stores not yet opened
|
38.6
|
|
|
52.1
|
|
||
Existing stores
|
23.5
|
|
|
25.8
|
|
||
Distribution center capacity and improvements
|
14.3
|
|
|
53.2
|
|
||
Corporate and other
|
1.4
|
|
|
0.2
|
|
||
Total capital expenditures
|
$
|
144.3
|
|
|
$
|
193.7
|
|
|
Fiscal Nine Months Ended
|
||||||||||
|
September 28,
2019 |
|
September 29,
2018 |
|
Variance
|
||||||
Net borrowings and repayments under debt facilities
|
$
|
236.3
|
|
|
$
|
147.8
|
|
|
$
|
88.5
|
|
Repurchase of common stock
|
(490.0
|
)
|
|
(289.2
|
)
|
|
(200.8
|
)
|
|||
Net proceeds from issuance of common stock
|
105.5
|
|
|
54.7
|
|
|
50.8
|
|
|||
Cash dividends paid to stockholders
|
(121.2
|
)
|
|
(109.2
|
)
|
|
(12.0
|
)
|
|||
Other, net
|
(6.6
|
)
|
|
(3.7
|
)
|
|
(2.9
|
)
|
|||
Net cash used in financing activities
|
$
|
(276.0
|
)
|
|
$
|
(199.6
|
)
|
|
$
|
(76.4
|
)
|
Date Declared
|
|
Dividend Amount
Per Share of Common Stock |
|
Record Date
|
|
Date Paid
|
||
August 7, 2019
|
|
$
|
0.35
|
|
|
August 26, 2019
|
|
September 10, 2019
|
May 8, 2019
|
|
$
|
0.35
|
|
|
May 28, 2019
|
|
June 11, 2019
|
February 6, 2019
|
|
$
|
0.31
|
|
|
February 25, 2019
|
|
March 12, 2019
|
|
|
|
|
|
|
|
||
August 8, 2018
|
|
$
|
0.31
|
|
|
August 27, 2018
|
|
September 11, 2018
|
May 9, 2018
|
|
$
|
0.31
|
|
|
May 29, 2018
|
|
June 12, 2018
|
February 7, 2018
|
|
$
|
0.27
|
|
|
February 26, 2018
|
|
March 13, 2018
|
|
Fiscal Three Months Ended
|
|
Fiscal Nine Months Ended
|
||||||||||||
|
September 28, 2019
|
|
September 29, 2018
|
|
September 28, 2019
|
|
September 29, 2018
|
||||||||
Total number of shares repurchased
|
1,470
|
|
|
452
|
|
|
4,926
|
|
|
4,296
|
|
||||
Average price paid per share
|
$
|
105.97
|
|
|
$
|
81.23
|
|
|
$
|
99.46
|
|
|
$
|
67.33
|
|
Total cash paid for share repurchases
|
$
|
155,742
|
|
|
$
|
36,660
|
|
|
$
|
489,977
|
|
|
$
|
289,205
|
|
-
|
Inventory valuation
|
-
|
Impairment of long-lived assets
|
-
|
Self-insurance reserves
|
-
|
Impairment of goodwill and other indefinite-lived intangible assets
|
|
|
|
|
Period
|
|
Total Number of Shares Purchased
|
|
Average
Price Paid
Per Share
|
|
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
|
|
Maximum Dollar
Value of Shares That May Yet Be Purchased Under the Plans or Programs
|
||||||
June 30, 2019 - July 27, 2019
|
|
522,500
|
|
|
$
|
111.14
|
|
|
522,500
|
|
|
$
|
1,627,756,098
|
|
July 28, 2019 - August 24, 2019
|
(a)
|
829,114
|
|
|
104.01
|
|
|
828,200
|
|
|
1,541,623,548
|
|
||
August 25, 2019 - September 28, 2019
|
(a)
|
124,480
|
|
|
97.05
|
|
|
119,013
|
|
|
1,530,099,430
|
|
||
Total
|
|
1,476,094
|
|
|
$
|
105.95
|
|
|
1,469,713
|
|
|
$
|
1,530,099,430
|
|
10.1
|
Second Amended and Restated Employment Agreement, dated August 22, 2019, by and between Tractor Supply Company and Gregory A. Sandfort (filed as Exhibit 10.1 to the Current Report on Form 8-K filed with the Commission on August 23, 2019, Commission File No. 000-23314, and incorporated herein by reference). +
|
10.2
|
Second Amended and Restated Employment Agreement, dated August 22, 2019, by and between Tractor Supply Company and Gregory A. Sandfort (filed as Exhibit 10.1 to the Current Report on Form 8-K/A filed with the Commission on August 23, 2019, Commission File No. 000-23314, and incorporated herein by reference). +
|
10.3
|
Transition Agreement, dated September 3, 2019, by and between Tractor Supply Company and Steve K. Barbarick (filed as Exhibit 10.1 to the Current Report on Form 8-K filed with the Commission on September 6, 2019, Commission File No. 000-23314, and incorporated herein by reference). +
|
31.1*
|
31.2*
|
32.1*
|
101.INS
|
XBRL Instance Document - The instance document does not appear in the interactive data file because its XBRL tags are embedded within the Inline XBRL document.
|
101.SCH
|
XBRL Taxonomy Extension Schema Document
|
101.CAL
|
XBRL Taxonomy Extension Calculation Linkbase Document
|
101.DEF
|
XBRL Taxonomy Extension Definition Linkbase Document
|
101.LAB
|
XBRL Taxonomy Extension Label Linkbase Document
|
101.PRE
|
XBRL Taxonomy Extension Presentation Linkbase Document
|
104
|
The cover page from the Company’s Quarterly Report on Form 10-Q for the quarter ended September 28, 2019, formatted in Inline XBRL (included in Exhibit 101).
|
*
|
Filed herewith
|
+
|
Management contract or compensatory plan or arrangement
|
|
|
|
TRACTOR SUPPLY COMPANY
|
|
|
|
|
Date:
|
November 7, 2019
|
By:
|
/s/ Kurt D. Barton
|
|
|
|
Kurt D. Barton
|
|
|
|
Executive Vice President - Chief Financial Officer and Treasurer
|
|
|
|
(Duly Authorized Officer and Principal Financial Officer)
|
1 Year Tractor Supply Chart |
1 Month Tractor Supply Chart |
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