Big 5 Sporting Goods(BGFV) - 2024 Q1 - Quarterly Report

Cash and Cash Equivalents The Company's merchandise inventories 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. These reserves are estimates, which could vary significantly ...