Big 5 Sporting Goods (BGFV) 10-Q 28 May 20 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 29, 2020	May 20, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 29, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Trading Symbol	BGFV
Entity Registrant Name	BIG 5 SPORTING GOODS Corp
Entity Central Index Key	0001156388
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Current Fiscal Year End Date	--01-03
Entity Filer Category	Non-accelerated Filer
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	false
Title of 12(b) Security	Common Stock, $0.01 par value
Security Exchange Name	NASDAQ
Entity Address, State or Province	CA
Entity File Number	000-49850
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	95-4388794
Entity Address, Address Line One	2525 East El Segundo Boulevard
Entity Address, City or Town	El Segundo
Entity Address, Postal Zip Code	90245
City Area Code	310
Local Phone Number	536-0611
Document Quarterly Report	true
Document Transition Report	false
Entity Common Stock, Shares Outstanding		21,830,003

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 29, 2020	Dec. 29, 2019
Current assets:
Cash	$ 44,203	$ 8,223
Accounts receivable, net of allowances of $64 and $58, respectively	7,834	13,646
Merchandise inventories, net	312,347	309,315
Prepaid expenses	8,129	9,680
Total current assets	372,513	340,864
Operating lease right-of-use assets, net	269,996	262,588
Property and equipment, net	66,347	68,414
Deferred income taxes	12,974	13,619
Other assets, net of accumulated amortization of $2,126 and $2,043, respectively	3,273	3,315
Total assets	725,103	688,800
Current liabilities:
Accounts payable	73,244	83,655
Accrued expenses	53,111	64,935
Current portion of operating lease liabilities	71,969	71,542
Current portion of finance lease liabilities	2,522	2,678
Total current liabilities	200,846	222,810
Operating lease liabilities, less current portion	213,336	206,806
Finance lease liabilities, less current portion	3,978	4,787
Long-term debt	124,275	66,559
Other long-term liabilities	7,610	7,466
Total liabilities	550,045	508,428
Commitments and contingencies
Stockholders' equity:
Common stock, $0.01 par value, authorized 50,000,000 shares; issued 25,487,561 and 25,314,289 shares, respectively; outstanding 21,837,348 and 21,664,076 shares, respectively	254	252
Additional paid-in capital	120,430	120,054
Retained earnings	96,901	102,593
Less: Treasury stock, at cost; 3,650,213 shares	(42,527)	(42,527)
Total stockholders' equity	175,058	180,372
Total liabilities and stockholders' equity	$ 725,103	$ 688,800

Unaudited Condensed Consolida_2

Unaudited Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 29, 2020	Dec. 29, 2019
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts receivable, current	$ 64	$ 58
Accumulated amortization on other assets	$ 2,126	$ 2,043
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	25,487,561	25,314,289
Common stock, shares outstanding	21,837,348	21,664,076
Treasury stock, shares	3,650,213	3,650,213

Unaudited Condensed Consolida_3

Unaudited Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 29, 2020	Mar. 31, 2019
Income Statement [Abstract]
Net sales	$ 217,736	$ 245,286
Cost of sales	153,181	169,410
Gross profit	64,555	75,876
Selling and administrative expense	71,370	72,611
Operating (loss) income	(6,815)	3,265
Interest expense	735	776
(Loss) income before taxes	(7,550)	2,489
Income tax (benefit) expense	(2,939)	825
Net (loss) income	$ (4,611)	$ 1,664
(Loss) earnings per share:
Basic	$ (0.22)	$ 0.08
Diluted	$ (0.22)	$ 0.08
Weighted-average shares of common stock outstanding:
Basic	21,149	21,029
Diluted	21,149	21,054

Unaudited Condensed Consolida_4

Unaudited Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock Outstanding [Member]	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Treasury Stock, At Cost [Member]
Beginning Balance at Dec. 30, 2018	$ 174,861		$ 250	$ 118,351	$ 98,787	$ (42,527)
Beginning Balance, Shares at Dec. 30, 2018		21,424,094
Cumulative adjustment from change in accounting principle, net of tax	(339)				(339)
Net (loss) income	1,664				1,664
Dividends on common stock	(1,068)				(1,068)
Issuance of nonvested share awards			3	(3)
Issuance of nonvested share awards, Shares		265,792
Share-based compensation	538			538
Forfeiture of nonvested share awards, Shares		(6,320)
Retirement of common stock for payment of withholding tax	(221)		(1)	(220)
Retirement of common stock for payment of withholding tax, Shares		(59,094)
Ending Balance at Mar. 31, 2019	175,435		252	118,666	99,044	(42,527)
Ending Balance, shares at Mar. 31, 2019		21,624,472
Beginning Balance at Dec. 29, 2019	180,372		252	120,054	102,593	(42,527)
Beginning Balance, Shares at Dec. 29, 2019		21,664,076
Net (loss) income	(4,611)				(4,611)
Dividends on common stock	(1,081)				(1,081)
Issuance of nonvested share awards			2	(2)
Issuance of nonvested share awards, Shares		241,600
Share-based compensation	475			475
Forfeiture of nonvested share awards, Shares		(3,755)
Retirement of common stock for payment of withholding tax	$ (97)			(97)
Retirement of common stock for payment of withholding tax, Shares	(64,573)	(64,573)
Ending Balance at Mar. 29, 2020	$ 175,058		$ 254	$ 120,430	$ 96,901	$ (42,527)
Ending Balance, shares at Mar. 29, 2020		21,837,348

Unaudited Condensed Consolida_5

Unaudited Condensed Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 29, 2020	Mar. 31, 2019
Dividends per share	$ 0.05	$ 0.05
Retained Earnings [Member]
Dividends per share	$ 0.05	$ 0.05

Unaudited Condensed Consolida_6

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 29, 2020	Mar. 31, 2019
Cash flows from operating activities:
Net (loss) income	$ (4,611)	$ 1,664
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Depreciation and amortization	4,606	4,932
Share-based compensation	475	538
Amortization of other assets	83	65
ROU asset gain on disposal		(110)
Noncash lease expense	15,792	13,911
Deferred income taxes	645	624
Changes in operating assets and liabilities:
Accounts receivable, net	5,812	3,441
Merchandise inventories, net	(3,032)	(1,339)
Prepaid expenses and other assets	1,510	1,853
Accounts payable	1,589	13,219
Operating lease liabilities	(16,243)	(19,001)
Accrued expenses and other long-term liabilities	(11,928)	(7,257)
Net cash (used in) provided by operating activities	(5,302)	12,540
Cash flows from investing activities:
Purchases of property and equipment	(2,342)	(1,522)
Net cash used in investing activities	(2,342)	(1,522)
Cash flows from financing activities:
Borrowings under revolving credit facility	116,913	43,826
Payments under revolving credit facility	(59,197)	(63,415)
Changes in book overdraft	(11,852)	9,413
Principal payments under finance lease liabilities	(951)	(866)
Tax withholding payments for share-based compensation	(97)	(221)
Dividends paid	(1,192)	(1,221)
Net cash provided by (used in) financing activities	43,624	(12,484)
Net increase (decrease) in cash	35,980	(1,466)
Cash at beginning of period	8,223	6,765
Cash at end of period	44,203	5,299
Supplemental disclosures of non-cash investing and financing activities:
Property and equipment acquired under finance leases		864
Property and equipment additions unpaid	931	761
Supplemental disclosures of cash flow information:
Interest paid	$ 772	$ 762

Description of Business

Description of Business	3 Months Ended
	Mar. 29, 2020
Accounting Policies [Abstract]
Description of Business	(1) Big 5 Sporting Goods Corporation (the “Company”) is a leading sporting goods retailer in the western United States, operating 431 stores and an e-commerce platform as of March 29, 2020. The Company provides a full-line product offering in a traditional sporting goods store format that averages approximately 11,000 square feet. The Company’s product mix includes athletic shoes, apparel and accessories, as well as a broad selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, winter and summer recreation and roller sports. The Company is a holding company that operates as one reportable segment through Big 5 Corp., its 100%-owned subsidiary, and Big 5 Services Corp., which is a 100%-owned subsidiary of Big 5 Corp. Big 5 Services Corp. provides a centralized operation for the issuance and administration of gift cards and returned merchandise credits (collectively, “stored-value cards”). The accompanying interim unaudited condensed consolidated financial statements (“Interim Financial Statements”) of the Company and its 100%-owned subsidiaries have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and are presented in accordance with the requirements of Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, these Interim Financial Statements do not include all of the information and notes required by GAAP for complete financial statements. These Interim Financial Statements should be read in conjunction with the consolidated financial statements and notes thereto for the fiscal year ended December 29, 2019 included in the Company’s Annual Report on Form 10-K. In the opinion of management, the Interim Financial Statements included herein contain all adjustments, including normal recurring adjustments, considered necessary to present fairly the Company’s financial position, the results of operations and cash flows for the periods presented. The operating results and cash flows of the interim periods presented herein are not necessarily indicative of the results to be expected for any other interim period or the full year.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 29, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	(2) Summary of Significant Accounting Policies Consolidation The accompanying Interim Financial Statements include the accounts of Big 5 Sporting Goods Corporation, Big 5 Corp. and Big 5 Services Corp. Intercompany balances and transactions have been eliminated in consolidation. Reporting Period The Company follows the concept of a 52-53 week fiscal year, which ends on the Sunday nearest December 31. Fiscal year 2020 is comprised of 53 weeks and ends on January 3, 2021. Fiscal year 2019 was comprised of 52 weeks and ended on December 29, 2019. The first three quarters in fiscal 2020 are each comprised of 13 weeks, and the fourth quarter of fiscal 2020 is comprised of 14 weeks. The four quarters of fiscal 2019 were each comprised of 13 weeks. Recently Adopted Accounting Updates In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2018-13, Fair Value Measurements (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement. This standard removes, modifies, and adds certain disclosure requirements for fair value measurements, and is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2019, with early adoption permitted. The Company adopted ASU No. 2018-13 in the first quarter of fiscal 2020, coinciding with the standard’s effective date, and the impact from this standard was immaterial. In August 2018, the FASB issued ASU No. 2018-15, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract . This standard aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). The Company’s accounting for the service element of a hosting arrangement that is a service contract is not affected by the proposed amendments and will continue to be expensed as incurred in accordance with existing guidance. This standard does not expand on existing disclosure requirements except to require a description of the nature of hosting arrangements that are service contracts. This standard is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2019, and can be adopted either prospectively or retrospectively. Accordingly, the Company adopted the updated disclosure requirements of ASU No. 2018-15 prospectively in the first quarter of fiscal 2020, coinciding with the standard’s effective date, and the impact from this standard was immaterial. In December 2019, the FASB issued ASU No. 2019-12, Simplifying the Accounting for Income Taxes. This standard simplifies the accounting for income taxes by removing certain exceptions to the general principles in ASC 740, Income Taxes , while also clarifying and amending existing guidance, including interim-period accounting for enacted changes in tax law. This standard is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2020, with early adoption permitted. The Company adopted ASU No. 2019-12 in the first quarter of fiscal 2020 and expects the impact from this standard to be immaterial. Recently Issued Accounting Updates In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848)—Facilitation of the Effects of Reference Rate Reform on Financial Reporting. This standard provides optional guidance for a limited time to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting. The amendments in this standard apply only to contracts and hedging relationships that reference LIBOR or another reference rate expected to be discontinued due to reference rate reform. The expedients and exceptions provided by the amendments do not apply to contract modifications made and hedging relationships entered into or evaluated after December 31, 2022. The amendments in this standard are elective and are effective upon issuance for all entities. The Company is evaluating the expedients and exceptions provided by the amendments in this standard to determine their impact. Other recently issued accounting updates are not expected to have a material impact on the Company’s Interim Financial Statements. COVID-19 Impact on Concentration of Risk The novel coronavirus (“COVID-19”) pandemic has significantly impacted health and economic conditions throughout the United States and globally, as public concern about becoming ill with the virus has led to the issuance of recommendations and/or mandates from federal, state and local authorities to practice social distancing or self-quarantine. Beginning on March 20, 2020, the Company temporarily closed more than one-half of its retail store locations in response to state and local shelter orders related to the COVID-19 outbreak. The Company has since been able to gradually reopen all of its store locations in some capacity based on qualifying as an “essential” business under applicable regulations or as a result of the easing of regulatory restrictions on retail operations in the Company’s market areas, with approximately of the Company’s stores operating for curbside business only as of , 2020 in response to state and local shelter orders. The temporary closure of additional stores may be required if additional orders are issued. Additionally, the shelter orders that remain in place in the Company’s market areas have negatively impacted customer traffic into the stores that the Company currently operates. The Company a workforce reductions throughout the organization, suspended normal annual salary increases and reduced advertising and planned capital spending in fiscal 2020. The Company has also A substantial amount of the Company’s inventory is manufactured abroad. COVID-19 has also impacted the Company’s supply chain for products sold, particularly those products that are sourced from China. To the extent one or more vendors is negatively impacted by COVID-19, including due to the closure of those vendors’ distribution centers or manufacturing facilities, the Company may be unable to maintain delivery schedules or adequate inventory in its stores. Use of Estimates Management makes a number of estimates and assumptions relating to the reporting of assets, liabilities and stockholders’ equity and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and reported amounts of revenue and expense during the reporting period to prepare these consolidated financial statements in conformity with GAAP. Certain items subject to such estimates and assumptions include the carrying amount of merchandise inventories, property and equipment, lease assets and lease liabilities; valuation allowances for receivables, sales returns and deferred income tax assets; estimates related to stored-value cards and the valuation of share-based compensation awards; and obligations related to litigation, self-insurance liabilities and employee benefits. Due to the inherent uncertainty involved in making assumptions and estimates, events and changes in circumstances arising after March 29, 2020, including those resulting from the impacts of the COVID-19 pandemic, may result in actual outcomes that differ from those contemplated by management’s assumptions and estimates. Revenue Recognition The Company operates solely as a sporting goods retailer, which includes both retail stores and an e-commerce platform, that offers a broad range of products in the western United States and online. Generally, all revenue is recognized when control of the promised goods is transferred to customers, in an amount that reflects the consideration in exchange for those goods. Accordingly, the Company implicitly enters into a contract with customers to deliver merchandise inventory at the point of sale. Collectibility is reasonably assured since the Company only extends immaterial credit purchases to certain municipalities and local school districts. In accordance with ASC 606, Revenue from Contracts with Customers 13 Weeks Ended March 29, 2020 March 31, 2019 (In thousands) Hardgoods $ 108,774 $ 103,436 Athletic and sport footwear 57,498 71,213 Athletic and sport apparel 49,128 68,553 Other sales 2,336 2,084 Net sales $ 217,736 $ 245,286 Substantially all of the Company’s revenue is for single performance obligations for the following distinct items: • Retail store sales • E-commerce sales • Stored-value cards For performance obligations related to retail store and e-commerce sales contracts, the Company typically transfers control, for retail stores, upon consummation of the sale when the product is paid for and taken by the customer and, for e-commerce sales, when the product is tendered for delivery to the common carrier. For performance obligations related to stored-value cards, the Company typically transfers control upon redemption of the stored-value card through consummation of a future sales transaction. The Company accounts for shipping and handling relative to e-commerce sales as fulfillment activities, and not a separate performance obligation. Accordingly, the Company recognizes revenue for only one performance obligation, the sale of the product, at shipping point (when the customer gains control). Revenue associated with e-commerce sales was not material for the 13 weeks ended March 29, 2020 and March 31, 2019. The Company recognized $1.9 million and $2.1 million in stored-value card redemption revenue for the 13 weeks ended March 29, 2020 and March 31, 2019, respectively. The Company also recognized $0.1 million in stored-value card breakage revenue for the 13 weeks ended March 29, 2020 and March 31, 2019. The Company had outstanding stored-value card liabilities of $6.4 million and $7.2 million The Company recorded, as prepaid expense, estimated right-of-return merchandise cost of $0.8 million and $1.4 million related to estimated sales returns as of March 29, 2020 and December 29, 2019, respectively, and recorded, in accrued expenses in the accompanying interim unaudited condensed consolidated balance sheets, an allowance for sales returns reserve of $1.4 million and $2.7 million as of March 29, 2020 and December 29, 2019, respectively. Share-Based Compensation The Company accounts for its share-based compensation in accordance with ASC 718, Compensation—Stock Compensation Valuation of Merchandise Inventories, Net The Company’s merchandise inventories are made up of finished goods and are valued at the lower of cost or net realizable value using the weighted-average cost method that approximates the first-in, first-out (“FIFO”) method. Average cost includes the direct purchase price of merchandise inventory, net of vendor allowances and cash discounts, in-bound freight-related expense and allocated overhead expense associated with the Company’s distribution center. Management regularly reviews inventories and records valuation reserves for damaged and defective merchandise, merchandise items with slow-moving or obsolescence exposure and merchandise that has a carrying value that exceeds net realizable value. Because of its merchandise mix, the Company has not historically experienced significant occurrences of obsolescence. Inventory shrinkage is accrued as a percentage of merchandise sales based on historical inventory shrinkage trends. The Company performs physical inventories of its stores at least once per year and cycle counts inventories at its distribution center throughout the year. The reserve for inventory shrinkage primarily represents an estimate for inventory shrinkage for each store since the last physical inventory date through the reporting date. These reserves are estimates, which could vary significantly, either favorably or unfavorably, from actual results if future economic conditions, consumer demand and competitive environments differ from expectations. Valuation of Long-Lived Assets In accordance with ASC 360, Property, Plant, and Equipment Long-lived assets are reviewed for recoverability at the lowest level in which there are identifiable cash flows (“asset group”), usually at the store level. The carrying amount of a store asset group includes stores’ property and equipment, leasehold improvements and operating lease right-of-use (“ROU”) assets. The carrying amount of a store asset group is not considered recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the store asset group. When stores are identified as having an indicator of impairment, the Company forecasts undiscounted cash flows over the store asset group’s remaining lease term and compares the undiscounted cash flows to the carrying amount of the store asset group. If the store asset group is determined not to be recoverable, then an impairment charge will be recognized in the amount by which the carrying amount of the store asset group exceeds its fair value, determined using discounted cash flow valuation techniques, as contemplated in ASC 820, Fair Value Measurements The Company determines the cash flows expected to result from the store asset group by projecting future revenue, gross margin and operating expense for each store asset group under evaluation for impairment. The estimates of future cash flows involve management judgment and are based upon assumptions about expected future operating performance. Assumptions used in these forecasts are consistent with internal planning, and include assumptions about sales growth rates, gross margins and operating expense in relation to the current economic environment and the Company’s future expectations, competitive factors in its various markets, inflation, sales trends and other relevant environmental factors that may impact the store under evaluation. The actual cash flows could differ from management’s estimates due to changes in business conditions, operating performance and economic conditions. If economic conditions deteriorate in the markets in which the Company conducts business, or if other negative market conditions develop, the Company may experience additional impairment charges in the future for underperforming stores. The resulting impairment charge, if any, is allocated to the property and equipment, leasehold improvements and operating lease ROU assets on a pro rata basis using the relative carrying amounts of those assets. The allocated impairment charge to a long-lived asset is limited to the extent that the impairment charge does not reduce the carrying amount of the long-lived asset below its individual fair value. The estimation of the fair value of an ROU asset involves the evaluation of current market value rental amounts for leases associated with ROU assets. The estimates of current market value rental amounts are primarily based on recent observable market rental data of other comparable retail store locations. The fair value of an ROU asset is measured using a discounted cash flow valuation technique by discounting the estimated current and future market rental values using a property-specific discount rate. The Company did not recognize any impairment charges in the first quarter of fiscal 2020 or 2019. Leases In accordance with ASC 842, Leases leases for the Company’s retail store facilities, distribution center, corporate offices, information technology hardware, and distribution center delivery tractors and equipment ROU assets represent the right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at the commencement date based on the present value of lease payments over the reasonably certain lease term. As the Company’s leases generally do not provide an implicit rate, the Company uses a collateralized incremental borrowing rate (“IBR”) to determine the present value of lease payments. The collateralized IBR is based on a synthetic credit rating that is externally prepared on an annual basis. This analysis considers qualitative and quantitative factors based on guidance provided by a rating agency for the consumer durables industry. The Company adjusts the selected IBR quarterly with a company-specific unsecured yield curve that approximates the Company’s market risk profile. The collateralized IBR is also based upon the estimated impact that the collateral has on the IBR. To account for the collateralized nature of the IBR, the Company utilized a notching method based on notching guidance provided by a rating agency whereby the Company’s base credit rating is notched upward as the yield curve on a secured loan is expected to be lower versus an unsecured loan. The operating lease ROU asset also includes any prepaid lease payments made and is reduced by lease incentives such as tenant improvement allowances. The operating lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Operating lease expense for lease payments is recognized on a straight-line basis over the lease term. Certain of the leases for the Company’s retail store facilities provide for payments based on future sales volumes at the leased location, which are not measurable at the inception of the lease. Under ASC 842, these contingent rents are expensed as they accrue. In response to the large volume of anticipated lease concessions to be granted related to the effects of the COVID-19 pandemic, and the resultant expected cost and complexity of applying the lease modification requirements in ASC 842, the FASB issued Staff Q&A—Topic 842 and Topic 840: Accounting For Lease Concessions Related to the Effects of the COVID-19 Pandemic In accordance with this interpretive guidance, the Company elected to account for lease concessions related to the effects of the COVID-19 pandemic consistent with how they would be accounted for as though enforceable rights and obligations for those concessions existed in the original contract. Consequently, for such lease concessions, the Company did not reassess each existing contract to determine whether enforceable rights and obligations for concessions existed and elected not to apply the lease modification guidance in ASC 842 to those contracts. The Company will account for payment reductions as reductions to lease expense and will account for payment deferrals as if no changes to the lease contract were made while continuing to recognize expense during the deferral period. There were no lease concessions recorded in the first quarter of fiscal 2020. See Note 5 to the Interim Financial Statements for a further discussion on leases.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 29, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	(3) Fair Value Measurements The carrying values of cash, accounts receivable, accounts payable and accrued expenses approximate the fair values of these instruments due to their short-term nature. The carrying amount for borrowings under the revolving credit facility (the “Credit Facility”) approximates fair value because of the variable market interest rate charged to the Company for these borrowings. When the Company recognizes impairment on certain of its underperforming stores, the carrying values of these stores are reduced to their estimated fair values. As of March 29, 2020 and December 29, 2019, the Company’s only significant assets or liabilities measured at fair value on a nonrecurring basis subsequent to their initial recognition were assets subject to long-lived asset impairment related to certain underperforming stores. The Company estimated the fair values of these long-lived assets based on the Company’s own judgments about the assumptions that market participants would use in pricing the asset and on observable market data of underperforming stores’ specific comparable markets, when available.

Accrued Expenses

Accrued Expenses	3 Months Ended
	Mar. 29, 2020
Payables And Accruals [Abstract]
Accrued Expenses	(4) Accrued Expenses The major components of accrued expenses are as follows: March 29, 2020 December 29, 2019 (In thousands) Payroll and related expense $ 17,661 $ 23,433 Occupancy expense 10,109 9,503 Sales tax 6,322 9,607 Other 19,019 22,392 Accrued expenses $ 53,111 $ 64,935

Lease Commitments

Lease Commitments	3 Months Ended
	Mar. 29, 2020
Leases [Abstract]
Lease Commitments	(5) Lease Commitments The Company adopted ASC 842 as of December 31, 2018, using the modified retrospective approach and applying transitional relief allowing entities to initially apply the requirements at the adoption date by recognizing a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. Consequently, results and disclosures for the reporting periods beginning on December 31, 2018 are reported and presented under ASC 842. Adoption of the standard resulted in the initial recognition of operating lease ROU assets of $ million and operating lease liabilities of $279.7 million as of December 31, 2018. The adoption of this standard did not have a material impact on the Company’s interim unaudited condensed consolidated statements of operations, shareholders’ equity or cash flows, and had no material impact on beginning retained earnings in fiscal 2019. Additionally, t he Company elected the transition package of practical expedients permitted within the new standard which, among other things, allowed it to carry forward the historical lease classification. The Company did not elect the practical expedient to use hindsight in determining the lease term and in assessing impairment of ROU assets. The Company has operating and finance leases for the Company’s retail store facilities, distribution center, corporate offices, information technology hardware and distribution center delivery tractors and equipment, and accounts for these leases in accordance with ASC 842. Certain of the leases for the Company’s retail store facilities provide for variable payments for property taxes, insurance and common area maintenance payments related to triple net leases, rental payments based on future sales volumes at the leased location, which are not measurable at the inception of the lease, or rental payments that are adjusted periodically for inflation. The Company recognizes variable lease expense for these leases in the period incurred which, for contingent rent, begins in the period in which it becomes probable that the specified target that triggers the variable lease payments will be achieved. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. In accordance with ASC 842, the components of lease expense were as follows: 13 Weeks Ended March 29, 2020 March 31, 2019 (In thousands) Lease expense: Amortization of right-of-use assets $ 722 $ 680 Interest on lease liabilities 89 100 Finance lease expense 811 780 Operating lease expense 20,287 19,825 Variable lease expense (1) 4,124 4,227 Sublease income (293 ) (316 ) Total lease expense $ 24,929 $ 24,516 (1) Subsequent to the issuance of the Company’s Interim Financial Statements as of March 31, 2019, management identified an immaterial correction related to the disclosure of certain variable lease payments. Variable lease expense for the 13 weeks ended March 31, 2019 did not previously include $4.1 million of variable lease payments for property taxes, insurance and common area maintenance related to triple net leases. Management corrected the disclosure related to variable lease expense in the table above for the 13 weeks ended March 31, 2019 and, except for this change, the correction had no impact upon the Company’s Interim Financial Statements . In accordance with ASC 842, other information related to leases was as follows: 13 Weeks Ended March 29, 2020 March 31, 2019 (In thousands) Operating cash flows from operating leases $ 20,742 $ 24,914 Operating cash flows from finance leases 112 100 Financing cash flows from finance leases 951 866 Cash paid for amounts included in the measurement of lease liabilities $ 21,805 $ 25,880 Right-of-use assets obtained in exchange for new finance lease liabilities $ — $ 864 Right-of-use assets obtained in exchange for new operating lease liabilities $ 23,282 $ 5,833 Weighted-average remaining lease term—finance leases 3.0 years 3.4 years Weighted-average remaining lease term—operating leases 5.2 years 5.3 years Weighted-average discount rate—finance leases 4.7 % 5.8 % Weighted-average discount rate—operating leases 6.1 % 6.5 % In accordance with ASC 842, maturities of finance and operating lease liabilities as of March 29, 2020 were as follows: Year Ending: Finance Leases Operating Leases (In thousands) 2020 (remaining nine months) $ 2,112 $ 67,806 2021 2,188 71,402 2022 1,740 59,060 2023 920 45,409 2024 — 36,486 Thereafter — 53,850 Undiscounted cash flows $ 6,960 $ 334,013 Reconciliation of lease liabilities: Weighted-average remaining lease term 3.0 years 5.2 years Weighted-average discount rate 4.7 % 6.1 % Present values $ 6,500 $ 285,305 Lease liabilities - current 2,522 71,969 Lease liabilities - long-term 3,978 213,336 Lease liabilities - total $ 6,500 $ 285,305 Difference between undiscounted and discounted cash flows $ 460 $ 48,708

Long-Term Debt

Long-Term Debt	3 Months Ended
	Mar. 29, 2020
Debt Disclosure [Abstract]
Long-Term Debt	(6) Long-Term Debt On October 18, 2010, the Company, Big 5 Corp. and Big 5 Services Corp. entered into a credit agreement with Wells Fargo Bank, National Association (“Wells Fargo”), as administrative agent, and a syndicate of other lenders, which was amended on October 31, 2011, December 19, 2013 and September 29, 2017 (as so amended, the “Credit Agreement”) , and has a maturity date of September 29, 2022 The Credit Agreement provides for a Credit Facility with an aggregate committed availability of up to $140.0 million, which amount may be increased (“accordion feature”) at the Company’s option up to a maximum of $165.0 million. As further discussed in Note 11 to the Interim Financial Statements, on March 30, 2020 the Company exercised the accordion feature of the Credit Agreement and increased the aggregate committed availability under the Credit Facility to $165.0 million. The Company may also request additional increases in aggregate availability, up to a maximum of $200.0 million, in which case the existing lenders under the Credit Agreement will have the option to increase their commitments to accommodate the requested increase. If such existing lenders do not exercise that option, the Company may (with the consent of Wells Fargo, not to be unreasonably withheld) seek other lenders willing to provide such commitments. The Credit Agreement includes a provision which permits the Company to elect to reduce the aggregate committed availability under the Credit Agreement to $100.0 million for a three-month period each calendar year. The Company may borrow under the Credit Facility from time to time, provided the amounts outstanding will not exceed the lesser of the then aggregate availability (as discussed above) and the Borrowing Base (such lesser amount being referred to as the “Loan Cap”). The “Borrowing Base” generally is comprised of the sum, at the time of calculation, of (a) 90.00% of eligible credit card receivables; plus (b) the cost of eligible inventory (other than eligible in-transit inventory), net of inventory reserves, multiplied by 90.00% of the appraised net orderly liquidation value of eligible inventory (expressed as a percentage of the cost of eligible inventory); plus (c) the lesser of (i) the cost of eligible in-transit inventory, net of inventory reserves, multiplied by 90.00% of the appraised net orderly liquidation value of eligible in-transit inventory (expressed as a percentage of the cost of eligible in-transit inventory), or (ii) $10.0 million, minus (d) certain reserves established by Wells Fargo in its role as the Administrative Agent in its reasonable discretion. Generally, the Company may designate specific borrowings under the Credit Facility as either base rate loans or LIBO rate loans. The applicable interest rate on the Company’s borrowings is a function of the daily average, over the preceding fiscal quarter, of the excess of the Loan Cap over amounts borrowed (such amount being referred to as the “Average Daily Availability”). Those loans designated as LIBO rate loans bear interest at a rate equal to the applicable adjusted LIBO rate plus an applicable margin as shown in the table below. Those loans designated as base rate loans bear interest at a rate equal to the applicable margin for base rate loans (as shown below) plus the highest of (a) the Federal funds rate, as in effect from time to time, plus one-half of one percent (0.50%), (b) the LIBO rate, plus one percentage point (1.00%), or (c) the rate of interest in effect for such day as announced from time to time within Wells Fargo as its “prime rate.” The applicable margin for all loans is a function of Average Daily Availability for the preceding fiscal quarter as set forth below. Level Average Daily Availability LIBO Rate Applicable Margin Base Rate Applicable Margin I Greater than or equal to $70,000,000 1.25% 0.25% II Less than $70,000,000 1.375% 0.50% T he commitment fee assessed on the unused portion of the Credit Facility is 0.20% per annum. Obligations under the Credit Facility are secured by a general lien and perfected security interest in substantially all of the Company’s assets. The Credit Agreement contains covenants that require the Company to maintain a fixed charge coverage ratio of not less than 1.0:1.0 in certain circumstances, and limit the ability to, among other things, incur liens, incur additional indebtedness, transfer or dispose of assets, change the nature of the business, guarantee obligations, pay dividends or make other distributions or repurchase stock, and make advances, loans or investments. The Company may declare or pay cash dividends or repurchase stock only if, among other things, no default or event of default then exists or would arise from such dividend or repurchase of stock and, after giving effect to such dividend or repurchase, certain availability and/or fixed charge coverage ratio requirements are satisfied. The Credit Agreement contains customary events of default, including, without limitation, failure to pay when due principal amounts with respect to the Credit Facility, failure to pay any interest or other amounts under the Credit Facility for five days after becoming due, failure to comply with certain agreements or covenants contained in the Credit Agreement, failure to satisfy certain judgments against the Company, failure to pay when due (or any other default which does or may lead to the acceleration of) certain other material indebtedness in principal amount in excess of $5.0 million, and certain insolvency and bankruptcy events. During March 2020, the World Health Organization declared the rapidly growing COVID-19 outbreak to be a global pandemic. On March 27, 2020, to support the Company’s liquidity in response to COVID-19, the Company increased borrowings under its $140.0 million Credit Facility to $124.3 million. As of March 29, 2020, the Company had long-term revolving credit borrowings of $124.3 million and letter of credit commitments of $0.7 million outstanding, compared with borrowings of $66.6 million and letter of credit commitments of $0.7 million as of December 29, 2019. Total remaining borrowing availability, after subtracting letters of credit, was $15.0 million and $72.7 million as of March 29, 2020 and December 29, 2019, respectively.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 29, 2020
Income Tax Disclosure [Abstract]
Income Taxes	(7) Income Taxes Under the asset and liability method prescribed under ASC 740, Income Taxes The Company files a consolidated federal income tax return and files tax returns in various state and local jurisdictions. The statutes of limitations for consolidated federal income tax returns are open for fiscal years 2016 and after, and state and local income tax returns are open for fiscal years 2015 and after. The provision for income taxes for the 13 weeks ended March 29, 2020 and March 31, 2019 reflects the write-off of deferred tax assets of $0.4 million and $0.3 million, respectively, related to share-based compensation. On March 27, 2020, the Federal government enacted the U.S. Coronavirus Aid, Relief and Economic Security (“CARES”) Act to provide relief from the impact of COVID-19. Among other relief, the CARES Act allows companies with a net operating loss (“NOL”) in either 2018, 2019 or 2020 to carry back those losses five years. As a result, the Company amended its 2018 income tax return to carry back its 2018 NOL to a period with a higher statutory tax rate in effect at that time, and recorded a related income tax refund receivable of $2.1 million in accounts receivable in the accompanying interim unaudited condensed consolidated balance sheet as of March 29, 2020. As of March 29, 2020 and December 29, 2019, the Company had no unrecognized tax benefits including those that, if recognized, would affect the Company’s effective income tax rate over the next 12 months. The Company’s policy is to recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expense. As of March 29, 2020 and December 29, 2019, the Company had no accrued interest or penalties.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 29, 2020
Earnings Per Share [Abstract]
Earnings Per Share	(8) Earnings Per Share The Company calculates earnings per share in accordance with ASC 260, Earnings Per Share The following table sets forth the computation of basic and diluted earnings per common share: 13 Weeks Ended March 29, 2020 March 31, 2019 (In thousands, except per share data) Net (loss) income $ (4,611 ) $ 1,664 Weighted-average shares of common stock outstanding: Basic 21,149 21,029 Dilutive effect of common stock equivalents arising from share option, nonvested share and nonvested share unit awards — 25 Diluted 21,149 21,054 Basic (loss) earnings per share $ (0.22 ) $ 0.08 Diluted (loss) earnings per share $ (0.22 ) $ 0.08 Antidilutive share option awards excluded from diluted calculation 602 422 Antidilutive nonvested share and nonvested share unit awards excluded from diluted calculation 554 406 The computation of diluted earnings per share for the 13 weeks ended March 29, 2020 excludes all potential share option awards since the Company reported a net loss, and the effect of their inclusion would have been antidilutive (i.e., including such share option awards would result in higher earnings per share). The computation of diluted earnings per share for the 13 weeks ended March 31, 2019 does not include certain share option awards that were outstanding and antidilutive, The computation of diluted earnings per share for the 13 weeks ended March 29, 2020 excludes all potential nonvested share awards and nonvested share unit awards since the Company reported a net loss, and the effect of their inclusion would have been antidilutive. The computation of diluted earnings per share for the 13 weeks ended March 31, 2019 does not include certain nonvested share awards and nonvested share unit awards that were outstanding and antidilutive, since the grant date fair values of these nonvested share awards and nonvested share unit awards

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 29, 2020
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	(9) Commitments and Contingencies The Company is involved in various claims and legal actions arising in the ordinary course of business. In the opinion of management, the ultimate disposition of these matters is not expected to have a material adverse effect on the Company’s results of operations or financial condition.

Share-based Compensation

Share-based Compensation	3 Months Ended
	Mar. 29, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share-based Compensation	(10) Share-based Compensation In April 2019, the Company adopted the 2019 Equity Incentive Plan (the “2019 Plan”) and stopped making grants under its 2007 Equity and Performance Incentive Plan, as amended and restated in April 2011 and April 2016 (the “2007 Plan”). As of March 29, 2020, 2,718,945 shares remained available for future grant under the 2019 Plan. At its discretion, the Company grants share option awards, nonvested share awards and nonvested share unit awards to certain employees, as defined by ASC 718, Compensation—Stock Compensation Share Option Awards Share option awards granted by the Company generally vest and become exercisable in four equal annual installments of 25% per year with a maximum life of ten years. The exercise price of share option awards is equal to the quoted market price of the Company’s common stock on the date of grant. In the first quarter of fiscal 2020, the Company granted 257,000 share option awards with a weighted-average grant-date fair value of $1.25 per option. In the first quarter of fiscal 2019, the Company granted 243,800 share option awards with a weighted-average grant-date fair value of $1.36 per option. A summary of the status of the Company’s share option awards is presented below: Shares Weighted- Average Exercise Price Weighted- Average Remaining Contractual Life (In Years) Aggregate Intrinsic Value Outstanding at December 29, 2019 523,150 $ 5.91 Granted 257,000 2.23 Forfeited or Expired (1,250 ) 6.20 Outstanding at March 29, 2020 778,900 $ 4.70 8.65 $ — Exercisable at March 29, 2020 215,047 $ 7.55 7.23 $ — Vested and Expected to Vest at March 29, 2020 762,840 $ 4.73 8.63 $ — The aggregate intrinsic value represents the total pretax intrinsic value, based upon the Company’s most recent closing stock price of $1.21 as of March 29, 2020, which would have been received by the option holders had all option holders exercised their option awards as of that date. The fair value of each share option award on the date of grant is estimated using the Black-Scholes method based on the following weighted-average assumptions: 13 Weeks Ended March 29, 2020 March 31, 2019 Risk-free interest rate 0.9 % 2.6 % Expected term 5.7 years 5.7 years Expected volatility 63.0 % 53.0 % Expected dividend yield — 4.9 % The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant for periods corresponding with the expected term of the option award; the expected term represents the weighted-average period of time that option awards granted are expected to be outstanding giving consideration to vesting schedules and historical participant exercise behavior; the expected volatility is based upon historical volatility of the Company’s common stock; and the expected dividend yield is based upon the Company’s current dividend rate. In order to support its liquidity initiatives throughout the organization as a result of the COVID-19 outbreak, the Company’s Board of Directors suspended its quarterly cash dividend until further notice. Due to the uncertainty of future dividend payments as of March 29, 2020, the Company did not estimate an expected dividend yield assumption for share option awards granted in the first quarter of fiscal 2020. As of March 29, 2020, there was $0.7 million of total unrecognized compensation expense related to share option awards granted. That expense is expected to be recognized over a weighted-average period of 3.2 years. Nonvested Share Awards and Nonvested Share Unit Awards Nonvested share awards and nonvested share unit awards granted by the Company vest for employees from the date of grant in four equal annual installments of 25% per year. Nonvested share awards and nonvested share unit awards granted by the Company to non-employee directors for their service as directors, as defined by ASC 718, vest 100% on the earlier of (a) the date of the Company’s next annual stockholders meeting following the grant date, or (b) the first anniversary of the grant date. Nonvested share awards become outstanding when granted and are delivered to the recipient upon their vesting. Shares issuable related to nonvested share unit awards, including any dividend reinvestments, are delivered to the recipient on the tenth business day of January following the year in which the recipient’s service to the Company is terminated, at which time the units convert to shares and become outstanding. The total fair value of nonvested share awards which vested during the first quarter of fiscal 2020 and 2019 was $0.3 million and $0.7 million, respectively. No nonvested share unit awards vested during the first quarter of fiscal 2020 or 2019. The Company granted 241,600 and 236,120 nonvested share awards in the first quarter of fiscal 2020 and 2019, respectively. The weighted-average grant-date fair value per share of the Company’s nonvested share awards granted in the first quarter of fiscal 2020 and 2019 was $1.50 and $3.73, respectively. A summary of the status of the Company’s nonvested share awards is presented below: Shares Weighted- Average Grant- Date Fair Value Balance at December 29, 2019 532,524 $ 6.33 Granted 241,600 1.50 Vested (167,960 ) 8.51 Forfeited (3,755 ) 7.16 Balance at March 29, 2020 602,409 $ 3.78 To satisfy employee minimum statutory tax withholding requirements for nonvested share awards that vest, the Company withholds and retires a portion of the vesting common shares, unless an employee elects to pay cash. In the first quarter of fiscal 2020, the Company withheld 64,573 common shares with a total value of $0.1 million. This amount is presented as a cash outflow from financing activities in the accompanying interim unaudited condensed consolidated statement of cash flows. A summary of the status of the Company’s nonvested share unit awards is presented below: Units Weighted- Average Grant- Date Fair Value Balance at December 29, 2019 75,413 $ 1.81 Dividend reinvestments 10,940 3.23 Dividend reinvestments vested (6,703 ) 3.23 Balance at March 29, 2020 79,650 $ 1.89 As of March 29, 2020, there was $2.0 million and $29,000 of total unrecognized compensation expense related to nonvested share awards and nonvested share unit awards, respectively. That expense is expected to be recognized over a weighted-average period of 2.8 and 0.2 years for nonvested share awards and nonvested share unit awards, respectively.

Subsequent Event

Subsequent Event	3 Months Ended
	Mar. 29, 2020
Subsequent Events [Abstract]
Subsequent Event	(11) Subsequent Event During March 2020, the World Health Organization declared the rapidly growing COVID-19 outbreak to be a global pandemic. Beginning on March 20, 2020, the Company temporarily closed more than one-half of its retail store locations in response to state and local shelter orders related to the COVID-19 outbreak. The Company has since been able to gradually reopen all of its store locations in some capacity based on qualifying as an “essential” business under applicable regulations or as a result of the easing of regulatory restrictions on retail operations in the Company’s market areas, with approximately of the Company’s stores operating for curbside business only as of , 2020 in response to state and local shelter orders. The Company also has implemented reduced store hours for its open stores and has limited the number of customers in its stores at any one time. These temporary store closures, limited hours of operation The decrease in sales caused by the COVID-19 outbreak has also impacted the Company’s liquidity. O n March 30, 2020, the Company exercised the accordion feature under its Credit Agreement, which increased the committed amount available for borrowing under the Credit Facility to $165.0 million, and to support its liquidity the Company drew down additional amounts under its Credit Facility that resulted in long-term revolving credit borrowings of $143.3 million as of March 31, 2020, the Company’s highest borrowing level. As of , 2020, the Company had long-term revolving credit borrowings of $121.8 million compared to $124.3 million and $66.6 million as of the first quarter ended March 29, 2020 and fiscal year ended December 29, 2019, respectively. As of , 2020, the Company’s current cash position, net of outstanding checks, totaled approximately $58.0 million compared to $44.2 million and $8.2 million as of the first quarter ended March 29, 2020 and fiscal year ended December 29, 2019, respectively. In order to support its liquidity initiatives throughout the organization during the COVID-19 pandemic, the Company’s Board of Directors suspended its quarterly cash dividend until further notice. A dditionally, the Company has taken measures to reduce expense across the organization, including negotiating with landlords to reduce or defer the Company’s lease-related payments, reducing merchandise inventory orders and extending payment terms with merchandise vendors, reducing a significant amount of workforce throughout the Company, suspending normal annual salary increases and reducing advertising and the amount of planned capital spending in fiscal 2020.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 29, 2020
Accounting Policies [Abstract]
Consolidation	Consolidation The accompanying Interim Financial Statements include the accounts of Big 5 Sporting Goods Corporation, Big 5 Corp. and Big 5 Services Corp. Intercompany balances and transactions have been eliminated in consolidation.
Reporting Period	Reporting Period The Company follows the concept of a 52-53 week fiscal year, which ends on the Sunday nearest December 31. Fiscal year 2020 is comprised of 53 weeks and ends on January 3, 2021. Fiscal year 2019 was comprised of 52 weeks and ended on December 29, 2019. The first three quarters in fiscal 2020 are each comprised of 13 weeks, and the fourth quarter of fiscal 2020 is comprised of 14 weeks. The four quarters of fiscal 2019 were each comprised of 13 weeks.
Recently Adopted Accounting Updates	Recently Adopted Accounting Updates In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2018-13, Fair Value Measurements (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement. This standard removes, modifies, and adds certain disclosure requirements for fair value measurements, and is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2019, with early adoption permitted. The Company adopted ASU No. 2018-13 in the first quarter of fiscal 2020, coinciding with the standard’s effective date, and the impact from this standard was immaterial. In August 2018, the FASB issued ASU No. 2018-15, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract . This standard aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). The Company’s accounting for the service element of a hosting arrangement that is a service contract is not affected by the proposed amendments and will continue to be expensed as incurred in accordance with existing guidance. This standard does not expand on existing disclosure requirements except to require a description of the nature of hosting arrangements that are service contracts. This standard is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2019, and can be adopted either prospectively or retrospectively. Accordingly, the Company adopted the updated disclosure requirements of ASU No. 2018-15 prospectively in the first quarter of fiscal 2020, coinciding with the standard’s effective date, and the impact from this standard was immaterial. In December 2019, the FASB issued ASU No. 2019-12, Simplifying the Accounting for Income Taxes. This standard simplifies the accounting for income taxes by removing certain exceptions to the general principles in ASC 740, Income Taxes , while also clarifying and amending existing guidance, including interim-period accounting for enacted changes in tax law. This standard is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2020, with early adoption permitted. The Company adopted ASU No. 2019-12 in the first quarter of fiscal 2020 and expects the impact from this standard to be immaterial.
Recently Issued Accounting Updates	Recently Issued Accounting Updates In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848)—Facilitation of the Effects of Reference Rate Reform on Financial Reporting. This standard provides optional guidance for a limited time to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting. The amendments in this standard apply only to contracts and hedging relationships that reference LIBOR or another reference rate expected to be discontinued due to reference rate reform. The expedients and exceptions provided by the amendments do not apply to contract modifications made and hedging relationships entered into or evaluated after December 31, 2022. The amendments in this standard are elective and are effective upon issuance for all entities. The Company is evaluating the expedients and exceptions provided by the amendments in this standard to determine their impact. Other recently issued accounting updates are not expected to have a material impact on the Company’s Interim Financial Statements.
COVID-19 Impact on Concentration of Risk	COVID-19 Impact on Concentration of Risk The novel coronavirus (“COVID-19”) pandemic has significantly impacted health and economic conditions throughout the United States and globally, as public concern about becoming ill with the virus has led to the issuance of recommendations and/or mandates from federal, state and local authorities to practice social distancing or self-quarantine. Beginning on March 20, 2020, the Company temporarily closed more than one-half of its retail store locations in response to state and local shelter orders related to the COVID-19 outbreak. The Company has since been able to gradually reopen all of its store locations in some capacity based on qualifying as an “essential” business under applicable regulations or as a result of the easing of regulatory restrictions on retail operations in the Company’s market areas, with approximately of the Company’s stores operating for curbside business only as of , 2020 in response to state and local shelter orders. The temporary closure of additional stores may be required if additional orders are issued. Additionally, the shelter orders that remain in place in the Company’s market areas have negatively impacted customer traffic into the stores that the Company currently operates. The Company a workforce reductions throughout the organization, suspended normal annual salary increases and reduced advertising and planned capital spending in fiscal 2020. The Company has also A substantial amount of the Company’s inventory is manufactured abroad. COVID-19 has also impacted the Company’s supply chain for products sold, particularly those products that are sourced from China. To the extent one or more vendors is negatively impacted by COVID-19, including due to the closure of those vendors’ distribution centers or manufacturing facilities, the Company may be unable to maintain delivery schedules or adequate inventory in its stores.
Use of Estimates	Use of Estimates Management makes a number of estimates and assumptions relating to the reporting of assets, liabilities and stockholders’ equity and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and reported amounts of revenue and expense during the reporting period to prepare these consolidated financial statements in conformity with GAAP. Certain items subject to such estimates and assumptions include the carrying amount of merchandise inventories, property and equipment, lease assets and lease liabilities; valuation allowances for receivables, sales returns and deferred income tax assets; estimates related to stored-value cards and the valuation of share-based compensation awards; and obligations related to litigation, self-insurance liabilities and employee benefits. Due to the inherent uncertainty involved in making assumptions and estimates, events and changes in circumstances arising after March 29, 2020, including those resulting from the impacts of the COVID-19 pandemic, may result in actual outcomes that differ from those contemplated by management’s assumptions and estimates.
Revenue Recognition	Revenue Recognition The Company operates solely as a sporting goods retailer, which includes both retail stores and an e-commerce platform, that offers a broad range of products in the western United States and online. Generally, all revenue is recognized when control of the promised goods is transferred to customers, in an amount that reflects the consideration in exchange for those goods. Accordingly, the Company implicitly enters into a contract with customers to deliver merchandise inventory at the point of sale. Collectibility is reasonably assured since the Company only extends immaterial credit purchases to certain municipalities and local school districts. In accordance with ASC 606, Revenue from Contracts with Customers 13 Weeks Ended March 29, 2020 March 31, 2019 (In thousands) Hardgoods $ 108,774 $ 103,436 Athletic and sport footwear 57,498 71,213 Athletic and sport apparel 49,128 68,553 Other sales 2,336 2,084 Net sales $ 217,736 $ 245,286 Substantially all of the Company’s revenue is for single performance obligations for the following distinct items: • Retail store sales • E-commerce sales • Stored-value cards For performance obligations related to retail store and e-commerce sales contracts, the Company typically transfers control, for retail stores, upon consummation of the sale when the product is paid for and taken by the customer and, for e-commerce sales, when the product is tendered for delivery to the common carrier. For performance obligations related to stored-value cards, the Company typically transfers control upon redemption of the stored-value card through consummation of a future sales transaction. The Company accounts for shipping and handling relative to e-commerce sales as fulfillment activities, and not a separate performance obligation. Accordingly, the Company recognizes revenue for only one performance obligation, the sale of the product, at shipping point (when the customer gains control). Revenue associated with e-commerce sales was not material for the 13 weeks ended March 29, 2020 and March 31, 2019. The Company recognized $1.9 million and $2.1 million in stored-value card redemption revenue for the 13 weeks ended March 29, 2020 and March 31, 2019, respectively. The Company also recognized $0.1 million in stored-value card breakage revenue for the 13 weeks ended March 29, 2020 and March 31, 2019. The Company had outstanding stored-value card liabilities of $6.4 million and $7.2 million The Company recorded, as prepaid expense, estimated right-of-return merchandise cost of $0.8 million and $1.4 million related to estimated sales returns as of March 29, 2020 and December 29, 2019, respectively, and recorded, in accrued expenses in the accompanying interim unaudited condensed consolidated balance sheets, an allowance for sales returns reserve of $1.4 million and $2.7 million as of March 29, 2020 and December 29, 2019, respectively.
Share-Based Compensation	Share-Based Compensation The Company accounts for its share-based compensation in accordance with ASC 718, Compensation—Stock Compensation
Valuation of Merchandise Inventories, Net	Valuation of Merchandise Inventories, Net The Company’s merchandise inventories are made up of finished goods and are valued at the lower of cost or net realizable value using the weighted-average cost method that approximates the first-in, first-out (“FIFO”) method. Average cost includes the direct purchase price of merchandise inventory, net of vendor allowances and cash discounts, in-bound freight-related expense and allocated overhead expense associated with the Company’s distribution center. Management regularly reviews inventories and records valuation reserves for damaged and defective merchandise, merchandise items with slow-moving or obsolescence exposure and merchandise that has a carrying value that exceeds net realizable value. Because of its merchandise mix, the Company has not historically experienced significant occurrences of obsolescence. Inventory shrinkage is accrued as a percentage of merchandise sales based on historical inventory shrinkage trends. The Company performs physical inventories of its stores at least once per year and cycle counts inventories at its distribution center throughout the year. The reserve for inventory shrinkage primarily represents an estimate for inventory shrinkage for each store since the last physical inventory date through the reporting date. These reserves are estimates, which could vary significantly, either favorably or unfavorably, from actual results if future economic conditions, consumer demand and competitive environments differ from expectations.
Valuation of Long-Lived Assets	Valuation of Long-Lived Assets In accordance with ASC 360, Property, Plant, and Equipment Long-lived assets are reviewed for recoverability at the lowest level in which there are identifiable cash flows (“asset group”), usually at the store level. The carrying amount of a store asset group includes stores’ property and equipment, leasehold improvements and operating lease right-of-use (“ROU”) assets. The carrying amount of a store asset group is not considered recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the store asset group. When stores are identified as having an indicator of impairment, the Company forecasts undiscounted cash flows over the store asset group’s remaining lease term and compares the undiscounted cash flows to the carrying amount of the store asset group. If the store asset group is determined not to be recoverable, then an impairment charge will be recognized in the amount by which the carrying amount of the store asset group exceeds its fair value, determined using discounted cash flow valuation techniques, as contemplated in ASC 820, Fair Value Measurements The Company determines the cash flows expected to result from the store asset group by projecting future revenue, gross margin and operating expense for each store asset group under evaluation for impairment. The estimates of future cash flows involve management judgment and are based upon assumptions about expected future operating performance. Assumptions used in these forecasts are consistent with internal planning, and include assumptions about sales growth rates, gross margins and operating expense in relation to the current economic environment and the Company’s future expectations, competitive factors in its various markets, inflation, sales trends and other relevant environmental factors that may impact the store under evaluation. The actual cash flows could differ from management’s estimates due to changes in business conditions, operating performance and economic conditions. If economic conditions deteriorate in the markets in which the Company conducts business, or if other negative market conditions develop, the Company may experience additional impairment charges in the future for underperforming stores. The resulting impairment charge, if any, is allocated to the property and equipment, leasehold improvements and operating lease ROU assets on a pro rata basis using the relative carrying amounts of those assets. The allocated impairment charge to a long-lived asset is limited to the extent that the impairment charge does not reduce the carrying amount of the long-lived asset below its individual fair value. The estimation of the fair value of an ROU asset involves the evaluation of current market value rental amounts for leases associated with ROU assets. The estimates of current market value rental amounts are primarily based on recent observable market rental data of other comparable retail store locations. The fair value of an ROU asset is measured using a discounted cash flow valuation technique by discounting the estimated current and future market rental values using a property-specific discount rate. The Company did not recognize any impairment charges in the first quarter of fiscal 2020 or 2019.
Leases	Leases In accordance with ASC 842, Leases leases for the Company’s retail store facilities, distribution center, corporate offices, information technology hardware, and distribution center delivery tractors and equipment ROU assets represent the right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at the commencement date based on the present value of lease payments over the reasonably certain lease term. As the Company’s leases generally do not provide an implicit rate, the Company uses a collateralized incremental borrowing rate (“IBR”) to determine the present value of lease payments. The collateralized IBR is based on a synthetic credit rating that is externally prepared on an annual basis. This analysis considers qualitative and quantitative factors based on guidance provided by a rating agency for the consumer durables industry. The Company adjusts the selected IBR quarterly with a company-specific unsecured yield curve that approximates the Company’s market risk profile. The collateralized IBR is also based upon the estimated impact that the collateral has on the IBR. To account for the collateralized nature of the IBR, the Company utilized a notching method based on notching guidance provided by a rating agency whereby the Company’s base credit rating is notched upward as the yield curve on a secured loan is expected to be lower versus an unsecured loan. The operating lease ROU asset also includes any prepaid lease payments made and is reduced by lease incentives such as tenant improvement allowances. The operating lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Operating lease expense for lease payments is recognized on a straight-line basis over the lease term. Certain of the leases for the Company’s retail store facilities provide for payments based on future sales volumes at the leased location, which are not measurable at the inception of the lease. Under ASC 842, these contingent rents are expensed as they accrue. In response to the large volume of anticipated lease concessions to be granted related to the effects of the COVID-19 pandemic, and the resultant expected cost and complexity of applying the lease modification requirements in ASC 842, the FASB issued Staff Q&A—Topic 842 and Topic 840: Accounting For Lease Concessions Related to the Effects of the COVID-19 Pandemic In accordance with this interpretive guidance, the Company elected to account for lease concessions related to the effects of the COVID-19 pandemic consistent with how they would be accounted for as though enforceable rights and obligations for those concessions existed in the original contract. Consequently, for such lease concessions, the Company did not reassess each existing contract to determine whether enforceable rights and obligations for concessions existed and elected not to apply the lease modification guidance in ASC 842 to those contracts. The Company will account for payment reductions as reductions to lease expense and will account for payment deferrals as if no changes to the lease contract were made while continuing to recognize expense during the deferral period. There were no lease concessions recorded in the first quarter of fiscal 2020. See Note 5 to the Interim Financial Statements for a further discussion on leases.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 29, 2020
Accounting Policies [Abstract]
Summary of Disaggregates Net Sales into Major Merchandise Categories to Depict Nature and Amount of Revenue and Related Cash Flows	In accordance with ASC 606, Revenue from Contracts with Customers 13 Weeks Ended March 29, 2020 March 31, 2019 (In thousands) Hardgoods $ 108,774 $ 103,436 Athletic and sport footwear 57,498 71,213 Athletic and sport apparel 49,128 68,553 Other sales 2,336 2,084 Net sales $ 217,736 $ 245,286

Accrued Expenses (Tables)

Accrued Expenses (Tables)	3 Months Ended
	Mar. 29, 2020
Payables And Accruals [Abstract]
Summary of Accrued Expenses	The major components of accrued expenses are as follows: March 29, 2020 December 29, 2019 (In thousands) Payroll and related expense $ 17,661 $ 23,433 Occupancy expense 10,109 9,503 Sales tax 6,322 9,607 Other 19,019 22,392 Accrued expenses $ 53,111 $ 64,935

Lease Commitments (Tables)

Lease Commitments (Tables)	3 Months Ended
	Mar. 29, 2020
Leases [Abstract]
Summary of Components of Lease Expense	In accordance with ASC 842, the components of lease expense were as follows: 13 Weeks Ended March 29, 2020 March 31, 2019 (In thousands) Lease expense: Amortization of right-of-use assets $ 722 $ 680 Interest on lease liabilities 89 100 Finance lease expense 811 780 Operating lease expense 20,287 19,825 Variable lease expense (1) 4,124 4,227 Sublease income (293 ) (316 ) Total lease expense $ 24,929 $ 24,516 (1) Subsequent to the issuance of the Company’s Interim Financial Statements as of March 31, 2019, management identified an immaterial correction related to the disclosure of certain variable lease payments. Variable lease expense for the 13 weeks ended March 31, 2019 did not previously include $4.1 million of variable lease payments for property taxes, insurance and common area maintenance related to triple net leases. Management corrected the disclosure related to variable lease expense in the table above for the 13 weeks ended March 31, 2019 and, except for this change, the correction had no impact upon the Company’s Interim Financial Statements .
Schedule of Other Information Related To Leases	In accordance with ASC 842, other information related to leases was as follows: 13 Weeks Ended March 29, 2020 March 31, 2019 (In thousands) Operating cash flows from operating leases $ 20,742 $ 24,914 Operating cash flows from finance leases 112 100 Financing cash flows from finance leases 951 866 Cash paid for amounts included in the measurement of lease liabilities $ 21,805 $ 25,880 Right-of-use assets obtained in exchange for new finance lease liabilities $ — $ 864 Right-of-use assets obtained in exchange for new operating lease liabilities $ 23,282 $ 5,833 Weighted-average remaining lease term—finance leases 3.0 years 3.4 years Weighted-average remaining lease term—operating leases 5.2 years 5.3 years Weighted-average discount rate—finance leases 4.7 % 5.8 % Weighted-average discount rate—operating leases 6.1 % 6.5 %
Schedule of Maturities For Finance And Operating Leases	In accordance with ASC 842, maturities of finance and operating lease liabilities as of March 29, 2020 were as follows: Year Ending: Finance Leases Operating Leases (In thousands) 2020 (remaining nine months) $ 2,112 $ 67,806 2021 2,188 71,402 2022 1,740 59,060 2023 920 45,409 2024 — 36,486 Thereafter — 53,850 Undiscounted cash flows $ 6,960 $ 334,013 Reconciliation of lease liabilities: Weighted-average remaining lease term 3.0 years 5.2 years Weighted-average discount rate 4.7 % 6.1 % Present values $ 6,500 $ 285,305 Lease liabilities - current 2,522 71,969 Lease liabilities - long-term 3,978 213,336 Lease liabilities - total $ 6,500 $ 285,305 Difference between undiscounted and discounted cash flows $ 460 $ 48,708

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
	Mar. 29, 2020
Debt Disclosure [Abstract]
Average Daily Excess Availability for Preceding Fiscal Quarter	The applicable margin for all loans is a function of Average Daily Availability for the preceding fiscal quarter as set forth below. Level Average Daily Availability LIBO Rate Applicable Margin Base Rate Applicable Margin I Greater than or equal to $70,000,000 1.25% 0.25% II Less than $70,000,000 1.375% 0.50%

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 29, 2020
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Common Share	The following table sets forth the computation of basic and diluted earnings per common share: 13 Weeks Ended March 29, 2020 March 31, 2019 (In thousands, except per share data) Net (loss) income $ (4,611 ) $ 1,664 Weighted-average shares of common stock outstanding: Basic 21,149 21,029 Dilutive effect of common stock equivalents arising from share option, nonvested share and nonvested share unit awards — 25 Diluted 21,149 21,054 Basic (loss) earnings per share $ (0.22 ) $ 0.08 Diluted (loss) earnings per share $ (0.22 ) $ 0.08 Antidilutive share option awards excluded from diluted calculation 602 422 Antidilutive nonvested share and nonvested share unit awards excluded from diluted calculation 554 406

Share-based Compensation (Table

Share-based Compensation (Tables)	3 Months Ended
	Mar. 29, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Summary of Share Option Awards	A summary of the status of the Company’s share option awards is presented below: Shares Weighted- Average Exercise Price Weighted- Average Remaining Contractual Life (In Years) Aggregate Intrinsic Value Outstanding at December 29, 2019 523,150 $ 5.91 Granted 257,000 2.23 Forfeited or Expired (1,250 ) 6.20 Outstanding at March 29, 2020 778,900 $ 4.70 8.65 $ — Exercisable at March 29, 2020 215,047 $ 7.55 7.23 $ — Vested and Expected to Vest at March 29, 2020 762,840 $ 4.73 8.63 $ —
Weighted-Average Assumptions Used to Estimate the Fair Value of Each Share Option Award	The fair value of each share option award on the date of grant is estimated using the Black-Scholes method based on the following weighted-average assumptions: 13 Weeks Ended March 29, 2020 March 31, 2019 Risk-free interest rate 0.9 % 2.6 % Expected term 5.7 years 5.7 years Expected volatility 63.0 % 53.0 % Expected dividend yield — 4.9 %
Summary of Nonvested Share Awards Activity	A summary of the status of the Company’s nonvested share awards is presented below: Shares Weighted- Average Grant- Date Fair Value Balance at December 29, 2019 532,524 $ 6.33 Granted 241,600 1.50 Vested (167,960 ) 8.51 Forfeited (3,755 ) 7.16 Balance at March 29, 2020 602,409 $ 3.78 A summary of the status of the Company’s nonvested share unit awards is presented below: Units Weighted- Average Grant- Date Fair Value Balance at December 29, 2019 75,413 $ 1.81 Dividend reinvestments 10,940 3.23 Dividend reinvestments vested (6,703 ) 3.23 Balance at March 29, 2020 79,650 $ 1.89

Description of Business - Addit

Description of Business - Additional Information (Detail)	3 Months Ended
	Mar. 29, 2020ft²StoreSegment
Description Of Business [Line Items]
Number of operating stores | Store	431
Area of traditional sporting goods store | ft²	11,000
Number of reportable segment | Segment	1
Big 5 Corp [Member]
Description Of Business [Line Items]
Subsidiary interest ownership percentage	100.00%
Big 5 Service Corp [Member] | Big 5 Corp [Member]
Description Of Business [Line Items]
Subsidiary interest ownership percentage	100.00%

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Detail)	May 26, 2020	Mar. 20, 2020	Mar. 29, 2020USD ($)Obligation	Mar. 31, 2019USD ($)	Dec. 29, 2019USD ($)
Accounting Policies [Line Items]
Reporting period, minimum			364 days
Reporting period, maximum			371 days
Number of performance obligation | Obligation			1
Stored value card redemption revenue recognized			$ 1,900,000	$ 2,100,000
Outstanding stored value card liabilities			$ 6,400,000		$ 7,200,000
Stored value cards redeemed period			2 years
Impairment charges			$ 0	0
Merchandise [Member] | Accounting Standards Update 2014-09 | ASC 606 [Member]
Accounting Policies [Line Items]
Estimated right of return related to estimated sales returns			800,000		1,400,000
Allowance for sales returns reserve			1,400,000		$ 2,700,000
Stored Value Card Breakage Revenue [Member]
Accounting Policies [Line Items]
Recognized stored value card breakage revenue			$ 100,000	$ 100,000
COVID-19 [Member]
Accounting Policies [Line Items]
Percentage of minimum number of retail store locations closed		50.00%
COVID-19 [Member] | Subsequent Event [Member]
Accounting Policies [Line Items]
Percentage of stores operating for curbside business	12.00%
COVID-19 [Member] | California [Member]
Accounting Policies [Line Items]
Percentage of stores			52.00%
First Quarter [Member]
Accounting Policies [Line Items]
Interim reporting periods			91 days
Second Quarter [Member]
Accounting Policies [Line Items]
Interim reporting periods			91 days
Third Quarter [Member]
Accounting Policies [Line Items]
Interim reporting periods			91 days
Fourth Quarter [Member]
Accounting Policies [Line Items]
Interim reporting periods			98 days		91 days

Summary of Disaggregates Net Sa

Summary of Disaggregates Net Sales into Major Merchandise Categories to Depict Nature and Amount of Revenue and Related Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 29, 2020	Mar. 31, 2019
Accounting Policies [Line Items]
Net sales	$ 217,736	$ 245,286
Hardgoods [Member]
Accounting Policies [Line Items]
Net sales	108,774	103,436
Athletic and sport footwear [Member]
Accounting Policies [Line Items]
Net sales	57,498	71,213
Athletic and sport apparel [Member]
Accounting Policies [Line Items]
Net sales	49,128	68,553
Other sales [Member]
Accounting Policies [Line Items]
Net sales	$ 2,336	$ 2,084

Accrued Expenses - Summary of A

Accrued Expenses - Summary of Accrued Expenses (Detail) - USD ($) $ in Thousands	Mar. 29, 2020	Dec. 29, 2019
Payables And Accruals [Abstract]
Payroll and related expense	$ 17,661	$ 23,433
Occupancy expense	10,109	9,503
Sales tax	6,322	9,607
Other	19,019	22,392
Accrued expenses	$ 53,111	$ 64,935

Lease Commitments - Additional

Lease Commitments - Additional Information (Detail) - USD ($) $ in Thousands	Mar. 29, 2020	Dec. 29, 2019	Dec. 31, 2018
Lessee Lease Description [Line Items]
Operating Lease, ROU assets	$ 269,996	$ 262,588
Operating lease, liabilities	$ 285,305
ASC 842 [Member]
Lessee Lease Description [Line Items]
Operating Lease, ROU assets			$ 262,900
Operating lease, liabilities			$ 279,700

Lease Commitments - Summary of

Lease Commitments - Summary of Components of Lease Expenses (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 29, 2020	Mar. 31, 2019
Lease expense:
Amortization of right-of-use assets	$ 722	$ 680
Interest on lease liabilities	89	100
Finance lease expense	811	780
Operating lease expense	20,287	19,825
Variable lease expense (1)	4,124	4,227
Sublease income	(293)	(316)
Total lease expense	$ 24,929	$ 24,516

Lease Commitments - Summary o_2

Lease Commitments - Summary of Components of Lease Expenses (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 29, 2020	Mar. 31, 2019
Lessee Lease Description [Line Items]
Variable lease expense	$ 4,124	$ 4,227
Property Taxes, Insurance and Common Area Maintenance Related to Triple Net Leases [Member]
Lessee Lease Description [Line Items]
Variable lease expense		$ 4,100

Lease Commitments - Schedule of

Lease Commitments - Schedule of Other Information Related to Leases (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 29, 2020	Mar. 31, 2019
Leases [Abstract]
Operating cash flows from operating leases	$ 20,742	$ 24,914
Operating cash flows from finance leases	112	100
Financing cash flows from finance leases	951	866
Cash paid for amounts included in the measurement of lease liabilities	21,805	25,880
Right-of-use assets obtained in exchange for new finance lease liabilities		864
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 23,282	$ 5,833
Weighted-average remaining lease term—finance leases	3 years	3 years 4 months 24 days
Weighted-average remaining lease term—operating leases	5 years 2 months 12 days	5 years 3 months 18 days
Weighted-average discount rate—finance leases	4.70%	5.80%
Weighted-average discount rate—operating leases	6.10%	6.50%

Lease Commitments - Schedule _2

Lease Commitments - Schedule of Finance and Operating Lease Liabilities (Detail) - USD ($) $ in Thousands	Mar. 29, 2020	Dec. 29, 2019	Mar. 31, 2019
Finance Lease Liabilities, Payments, Due [Abstract]
Finance leases, 2020	$ 2,112
Finance leases, 2021	2,188
Finance leases, 2022	1,740
Finance leases, 2023	920
Finance leases, total lease payments	$ 6,960
Weighted-average remaining lease term	3 years		3 years 4 months 24 days
Weighted-average discount rate	4.70%		5.80%
Present values	$ 6,500
Lease liabilities - current	2,522	$ 2,678
Lease liabilities - long-term	3,978	4,787
Lease liabilities - total	6,500
Difference between undiscounted and discounted cash flows	460
Operating Lease Liabilities, Payments Due [Abstract]
Operating leases, 2020	67,806
Operating leases, 2021	71,402
Operating leases, 2022	59,060
Operating leases, 2023	45,409
Operating leases, 2024	36,486
Operating leases, thereafter	53,850
Operating leases, total lease payments	$ 334,013
Weighted-average remaining lease term	5 years 2 months 12 days		5 years 3 months 18 days
Weighted-average discount rate	6.10%		6.50%
Operating lease, liabilities	$ 285,305
Lease liabilities - current	71,969	71,542
Lease liabilities - long-term	213,336	$ 206,806
Lease liabilities - total	285,305
Difference between undiscounted and discounted cash flows	$ 48,708

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 29, 2020	May 26, 2020	Mar. 31, 2020	Mar. 30, 2020	Mar. 27, 2020	Dec. 29, 2019
Debt Instrument [Line Items]
Credit Agreement description	On October 18, 2010, the Company, Big 5 Corp. and Big 5 Services Corp. entered into a credit agreement with Wells Fargo Bank, National Association (“Wells Fargo”), as administrative agent, and a syndicate of other lenders, which was amended on October 31, 2011, December 19, 2013 and September 29, 2017 (as so amended, the “Credit Agreement”), and has a maturity date of September 29, 2022.
Maturity date of Credit Agreement	Sep. 29, 2022
First tier of increase to the borrowing capacity	$ 165,000,000
Maximum limit of credit facility	200,000,000
Sublimit for issuances of letters of credit	25,000,000
Sublimit for swingline loans	$ 20,000,000
Percentage of eligible credit card accounts receivables	90.00%
Percentage of the value of eligible inventory	90.00%
Percentage of the value of eligible in-transit inventory	90.00%
Eligible in-transit inventory threshold	$ 10,000,000
Interest rate, description	the applicable margin for base rate loans (as shown below) plus the highest of (a) the Federal funds rate, as in effect from time to time, plus one-half of one percent (0.50%), (b) the LIBO rate, plus one percentage point (1.00%), or (c) the rate of interest in effect for such day as announced from time to time within Wells Fargo as its “prime rate.”
Commitment fee assessed	0.20%
Debt instrument, covenant description	Obligations under the Credit Facility are secured by a general lien and perfected security interest in substantially all of the Company’s assets. The Credit Agreement contains covenants that require the Company to maintain a fixed charge coverage ratio of not less than 1.0:1.0 in certain circumstances, and limit the ability
Events of default, description	The Credit Agreement contains customary events of default, including, without limitation, failure to pay when due principal amounts with respect to the Credit Facility, failure to pay any interest or other amounts under the Credit Facility for five days after becoming due, failure to comply with certain agreements or covenants contained in the Credit Agreement, failure to satisfy certain judgments against the Company, failure to pay when due (or any other default which does or may lead to the acceleration of) certain other material indebtedness in principal amount in excess of $5.0 million, and certain insolvency and bankruptcy events.
Line of Credit Facility default debt minimum amount	$ 5,000,000
Long-term borrowings	124,275,000					$ 66,559,000
Letter of credit commitments	700,000					700,000
Revolving Credit Borrowings [Member]
Debt Instrument [Line Items]
First tier of increase to the borrowing capacity					$ 140,000,000
Long-term borrowings	$ 124,300,000				$ 124,300,000	66,600,000
Minimum [Member]
Debt Instrument [Line Items]
Fixed charge coverage ratio	100.00%
Federal Funds Rate [Member]
Debt Instrument [Line Items]
Applicable margin in addition to variable rate	0.50%
LIBO Rate [Member]
Debt Instrument [Line Items]
Applicable margin in addition to variable rate	1.00%
Subsequent Event [Member]
Debt Instrument [Line Items]
Revolving credit facility				$ 165,000,000
Subsequent Event [Member] | Revolving Credit Borrowings [Member]
Debt Instrument [Line Items]
Long-term borrowings		$ 121,800,000	$ 143,300,000
Permits to Reduce Aggregate Committed Availability [Member]
Debt Instrument [Line Items]
Revolving credit facility	$ 100,000,000
First Amendment to Credit Agreement [Member]
Debt Instrument [Line Items]
Credit agreement amendment date	Oct. 31, 2011
Second Amendment to Credit Agreement [Member]
Debt Instrument [Line Items]
Credit agreement amendment date	Dec. 19, 2013
Third Amendment to Credit Agreement [Member]
Debt Instrument [Line Items]
Credit agreement amendment date	Sep. 29, 2017
Revolving credit facility	$ 140,000,000
Wells Fargo Bank National Association [Member]
Debt Instrument [Line Items]
Remaining borrowing availability	$ 15,000,000					$ 72,700,000

Long-Term Debt - Average Daily

Long-Term Debt - Average Daily Excess Availability for Preceding Fiscal Quarter (Detail)	3 Months Ended
	Mar. 29, 2020
Level I [Member]
Line Of Credit Facility [Line Items]
Average Daily Availability	Greater than or equal to $70,000,000
LIBO Rate Applicable Margin	1.25%
Base Rate Applicable Margin	0.25%
Level II [Member]
Line Of Credit Facility [Line Items]
Average Daily Availability	Less than $70,000,000
LIBO Rate Applicable Margin	1.375%
Base Rate Applicable Margin	0.50%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 29, 2020	Mar. 31, 2019	Dec. 29, 2019
Income Tax Contingency [Line Items]
Write-off of deferred tax assets related to share based compensation	$ 400,000	$ 300,000
CARES act of 2020, net operating loss (NOL) carryback description	The CARES Act allows companies with a net operating loss (“NOL”) in either 2018, 2019 or 2020 to carry back those losses five years.
CARES act of 2020, net operating loss carryback period	5 years
Income tax refund receivable in accounts receivable	$ 2,100,000
Unrecognized tax benefits	$ 0		$ 0
Unrecognized tax benefits, period	Over the next 12 months
Accrued interest or penalties	$ 0		0
Earliest Tax Year [Member] | Federal [Member]
Income Tax Contingency [Line Items]
Income tax returns in period	2016
Earliest Tax Year [Member] | State and Local [Member]
Income Tax Contingency [Line Items]
Income tax returns in period	2015
California Enterprise Zone Tax Credits [Member]
Income Tax Contingency [Line Items]
Deferred tax assets valuation allowance	$ 1,200,000		$ 1,200,000
Tax credits carry forward latest expiration year	2024

Earnings Per Share - Computatio

Earnings Per Share - Computation of Basic and Diluted Earnings Per Common Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 29, 2020	Mar. 31, 2019
Earnings Per Share Basic [Line Items]
Net (loss) income	$ (4,611)	$ 1,664
Weighted-average shares of common stock outstanding:
Basic	21,149	21,029
Dilutive effect of common stock equivalents arising from share option, nonvested share and nonvested share unit awards		25
Diluted	21,149	21,054
Basic (loss) earnings per share	$ (0.22)	$ 0.08
Diluted (loss) earnings per share	$ (0.22)	$ 0.08
Share Option Awards [Member]
Weighted-average shares of common stock outstanding:
Antidilutive shares/unit awards excluded from diluted calculation	602	422
Nonvested Share Awards and Nonvested Share Unit Awards [Member]
Weighted-average shares of common stock outstanding:
Antidilutive shares/unit awards excluded from diluted calculation	554	406

Share-based Compensation - Addi

Share-based Compensation - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 29, 2020	Mar. 31, 2019
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Compensation expense	$ 500,000
Granted, shares	257,000
Shares withheld for tax requirements	64,573
Tax withholding payments for share-based compensation	$ 97,000	$ 221,000
Common Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Closing stock price per share	$ 1.21
Tax withholding payments for share-based compensation		$ 1,000
Share Option Awards [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Maximum expiration period of share based payment awards granted	10 years
Granted, shares	257,000	243,800
Weighted-average grant-date fair value per share	$ 1.25	$ 1.36
Unrecognized compensation expense	$ 700,000
Weighted-average period of recognition	3 years 2 months 12 days
Share Option Awards [Member] | Share-based Compensation Award, Tranche One [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting rights (as percentage)	25.00%
Performance Shares [Member] | Share-based Compensation Award, Tranche One [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting rights (as percentage)	25.00%
Performance Shares [Member] | Share-based Compensation Award, Tranche One [Member] | Non-Employee Directors [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting rights (as percentage)	100.00%
Nonvested Share Awards [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted-average period of recognition	2 years 9 months 18 days
Fair value of nonvested share awards	$ 300,000	$ 700,000
Fair value of nonvested share awards	167,960
Issuance of nonvested share awards, Shares	241,600	236,120
Weighted-average grant-date fair value per share, granted	$ 1.50	$ 3.73
Unrecognized compensation expenses	$ 2,000,000
Nonvested Share Unit Awards [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted-average period of recognition	2 months 12 days
Fair value of nonvested share awards	0	0
Unrecognized compensation expenses	$ 29,000
2019 Equity Incentive Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares available for future grant	2,718,945

Share-based Compensation - Summ

Share-based Compensation - Summary of Share Option Awards (Detail)	3 Months Ended
	Mar. 29, 2020$ / sharesshares
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Shares, Outstanding at December 29, 2019 | shares	523,150
Shares, Granted | shares	257,000
Shares, Forfeited or Expired | shares	(1,250)
Shares, Outstanding at March 29, 2020 | shares	778,900
Shares, Exercisable at March 29, 2020 | shares	215,047
Shares, Vested and Expected to Vest at March 29, 2020 | shares	762,840
Weighted-Average Exercise Price, Outstanding at December 29, 2019 | $ / shares	$ 5.91
Weighted-Average Exercise Price, Granted | $ / shares	2.23
Weighted-Average Exercise Price, Forfeited or Expired | $ / shares	6.20
Weighted-Average Exercise Price, Outstanding at March 29, 2020 | $ / shares	4.70
Weighted-Average Exercise Price, Exercisable at March 29, 2020 | $ / shares	7.55
Weighted-Average Exercise Price, Vested and Expected to Vest at March 29, 2020 | $ / shares	$ 4.73
Weighted-Average Remaining Contractual Life (In Years), Outstanding at March 29, 2020	8 years 7 months 24 days
Weighted-Average Remaining Contractual Life (In Years), Exercisable at March 29, 2020	7 years 2 months 23 days
Weighted-Average Remaining Contractual Life (In Years), Vested and Expected to Vest at March 29, 2020	8 years 7 months 17 days

Share-based Compensation - Fair

Share-based Compensation - Fair Value of Share Option Award Based on Weighted-Average Assumptions (Detail)	3 Months Ended
	Mar. 29, 2020	Mar. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Risk-free interest rate	0.90%	2.60%
Expected term	5 years 8 months 12 days	5 years 8 months 12 days
Expected volatility	63.00%	53.00%
Expected dividend yield		4.90%

Share-based Compensation - Su_2

Share-based Compensation - Summary of Nonvested Share Awards Activity (Detail) - $ / shares	3 Months Ended
	Mar. 29, 2020	Mar. 31, 2019
Nonvested Share Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Nonvested shares/share units, beginning balance	532,524
Granted, shares/share units	241,600	236,120
Vested, shares/share units	(167,960)
Forfeited, shares/share units	(3,755)
Nonvested shares/share units, ending balance	602,409
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted-Average Grant-Date Fair Value, Beginning Balance	$ 6.33
Weighted-Average Grant-Date Fair Value, Granted	1.50	$ 3.73
Weighted-Average Grant-Date Fair Value, Vested	8.51
Weighted-Average Grant-Date Fair Value, Forfeited	7.16
Weighted-Average Grant-Date Fair Value, Ending Balance	$ 3.78
Nonvested Share Unit Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Nonvested shares/share units, beginning balance	75,413
Vested, shares/share units	0	0
Nonvested shares/share units, ending balance	79,650
Dividend reinvestments, shares/share units	10,940
Dividend reinvestments vested, shares/share units	(6,703)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted-Average Grant-Date Fair Value, Beginning Balance	$ 1.81
Weighted-Average Grant-Date Fair Value, Ending Balance	1.89
Weighted-Average Grant-Date Fair Value, Dividend Reinvestments	3.23
Weighted-Average Grant-Date Fair Value, Dividend Reinvestments Vested	$ 3.23

Subsequent Event - Additional I

Subsequent Event - Additional Information (Detail) - USD ($) $ in Thousands	May 26, 2020	Mar. 20, 2020	Mar. 31, 2020	Mar. 30, 2020	Mar. 29, 2020	Mar. 27, 2020	Dec. 29, 2019
Subsequent Event [Line Items]
Long-term borrowings					$ 124,275		$ 66,559
Cash					44,203		8,223
Revolving Credit Borrowings [Member]
Subsequent Event [Line Items]
Long-term borrowings					$ 124,300	$ 124,300	$ 66,600
Subsequent Event [Member]
Subsequent Event [Line Items]
Revolving credit facility				$ 165,000
Cash	$ 58,000
Subsequent Event [Member] | Revolving Credit Borrowings [Member]
Subsequent Event [Line Items]
Long-term borrowings	$ 121,800		$ 143,300
COVID-19 [Member]
Subsequent Event [Line Items]
Percentage of minimum number of retail store locations closed		50.00%
COVID-19 [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Percentage of stores operating for curbside business	12.00%
Revolving credit facility				$ 165,000