BKE

Buckle, Inc

A denim-focused fashion retailer, Buckle runs shopping-mall stores across the US selling jeans, shirts, and accessories, including its own BKE brand alongside national labels. It began in 1948 as a men's clothing shop called Mills Clothing in Kearney, Nebraska, founded by David Hirschfeld; after buying a second store in 1967 named Brass Buckle, the business grew into a denim specialty and later took the name The Buckle. A fun quirk: the company's name comes straight from that original Brass Buckle store.

Interest Rate Risk - The Company is exposed to market risk related to interest rate risk on the cash and investments in interest-bearing securities. These investments have carrying values that are subject to interest rate changes that could impact earnings to the extent that the Company did not hold the investments to maturity. If there are changes in interest rates, those changes would also affect the investment income the Company earns on its cash and investments. For each one-quarter percent decline in the interest/dividend rate earned on cash and investments, the Company’s net income would decrease approximately $0.5 million, or less than $0.01 per share. This amount could vary based upon the number of shares of the Company’s stock outstanding and the level of cash and investments held by the Company.