10-Q Filing

LL FLOORING HOLDINGS, INC. CIK: 1396033 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001144204-13-040800`
Period End Date	20130630
Filing Date	20130724
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	ll-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 52 Cash Flow Statement 44 Comprehensive Income 12

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	35.00M	shares	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	35.00M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$31.52M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$84.66M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$61.67M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$64.17M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	27.21M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	27.56M	shares	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	1.72M	shares	Point-in-time
Merchandise Inventories	`InventoryNet`	$206.70M	USD	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	1.92M	shares	Point-in-time
Merchandise Inventories	`InventoryNet`	$230.50M	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$5.89M	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$5.17M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$12.11M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$15.29M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$288.14M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$336.35M	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$48.75M	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$47.76M	USD	Point-in-time
Goodwill	`Goodwill`	$9.69M	USD	Point-in-time
Goodwill	`Goodwill`	$9.69M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$1.75M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$1.78M	USD	Point-in-time
Total Assets	`Assets`	$347.39M	USD	Point-in-time
Total Assets	`Assets`	$396.54M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$55.11M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$52.95M	USD	Point-in-time
Customer Deposits and Store Credits	`CustomerDepositsAndStoreCredits`	$25.75M	USD	Point-in-time
Customer Deposits and Store Credits	`CustomerDepositsAndStoreCredits`	$30.30M	USD	Point-in-time
Accrued Compensation	`EmployeeRelatedLiabilitiesCurrent`	$8.77M	USD	Point-in-time
Accrued Compensation	`EmployeeRelatedLiabilitiesCurrent`	$7.97M	USD	Point-in-time
Sales and Income Tax Liabilities	`TaxesPayableCurrent`	$4.31M	USD	Point-in-time
Sales and Income Tax Liabilities	`TaxesPayableCurrent`	$4.75M	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$11.15M	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$7.89M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$107.91M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$101.03M	USD	Point-in-time
Deferred Rent	`DeferredRentCreditNoncurrent`	$3.77M	USD	Point-in-time
Deferred Rent	`DeferredRentCreditNoncurrent`	$3.65M	USD	Point-in-time
Deferred Tax Liability	`DeferredIncomeTaxLiabilities`	$8.17M	USD	Point-in-time
Deferred Tax Liability	`DeferredIncomeTaxLiabilities`	$8.35M	USD	Point-in-time
Common Stock ($0.001 par value; 35,000,000 authorized; 27,564,902 and 27,214,144 outstanding, respectively)	`CommonStockValue`	$29.00K	USD	Point-in-time
Common Stock ($0.001 par value; 35,000,000 authorized; 27,564,902 and 27,214,144 outstanding, respectively)	`CommonStockValue`	$29.00K	USD	Point-in-time
Treasury Stock, at cost (1,923,682 and 1,719,706 shares, respectively)	`TreasuryStockValue`	$50.55M	USD	Point-in-time
Treasury Stock, at cost (1,923,682 and 1,719,706 shares, respectively)	`TreasuryStockValue`	$65.19M	USD	Point-in-time
Additional Capital	`AdditionalPaidInCapitalCommonStock`	$131.72M	USD	Point-in-time
Additional Capital	`AdditionalPaidInCapitalCommonStock`	$152.81M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$153.27M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$189.47M	USD	Point-in-time
Accumulated Other Comprehensive (Loss) Income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-620.00K	USD	Point-in-time
Accumulated Other Comprehensive (Loss) Income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$73.00K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$234.54M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$276.50M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$396.54M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$347.39M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueNet`	$257.11M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$210.35M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$398.38M	USD	2 Qtrs
Net Sales	`SalesRevenueNet`	$487.53M	USD	2 Qtrs
Cost of Sales	`CostOfGoodsAndServicesSold`	$288.45M	USD	2 Qtrs
Cost of Sales	`CostOfGoodsAndServicesSold`	$131.87M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$249.76M	USD	2 Qtrs
Cost of Sales	`CostOfGoodsAndServicesSold`	$151.03M	USD	1 Quarter
Gross Profit	`GrossProfit`	$106.08M	USD	1 Quarter
Gross Profit	`GrossProfit`	$78.48M	USD	1 Quarter
Gross Profit	`GrossProfit`	$199.08M	USD	2 Qtrs
Gross Profit	`GrossProfit`	$148.62M	USD	2 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$72.99M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$58.69M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$140.58M	USD	2 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$115.50M	USD	2 Qtrs
Operating Income	`OperatingIncomeLoss`	$19.80M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$58.49M	USD	2 Qtrs
Operating Income	`OperatingIncomeLoss`	$33.11M	USD	2 Qtrs
Operating Income	`OperatingIncomeLoss`	$33.09M	USD	1 Quarter
Other (Income) Expense	`OtherNonoperatingIncomeExpense`	$360.00K	USD	2 Qtrs
Other (Income) Expense	`OtherNonoperatingIncomeExpense`	$32.00K	USD	1 Quarter
Other (Income) Expense	`OtherNonoperatingIncomeExpense`	$73.00K	USD	2 Qtrs
Other (Income) Expense	`OtherNonoperatingIncomeExpense`	$150.00K	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$33.24M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$19.83M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$33.19M	USD	2 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$58.85M	USD	2 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$12.81M	USD	2 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$22.65M	USD	2 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$12.81M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$7.65M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$36.20M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$12.18M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$20.42M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$20.37M	USD	2 Qtrs
Net Income per Common Share-Basic	`EarningsPerShareBasic`	$0.44	USD	1 Quarter
Net Income per Common Share-Basic	`EarningsPerShareBasic`	$0.74	USD	1 Quarter
Net Income per Common Share-Basic	`EarningsPerShareBasic`	$0.74	USD	2 Qtrs
Net Income per Common Share-Basic	`EarningsPerShareBasic`	$1.32	USD	2 Qtrs
Net Income per Common Share-Diluted	`EarningsPerShareDiluted`	$1.30	USD	2 Qtrs
Net Income per Common Share-Diluted	`EarningsPerShareDiluted`	$0.72	USD	2 Qtrs
Net Income per Common Share-Diluted	`EarningsPerShareDiluted`	$0.43	USD	1 Quarter
Net Income per Common Share-Diluted	`EarningsPerShareDiluted`	$0.73	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.51M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.37M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.54M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.72M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.03M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.88M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.27M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.97M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$36.20M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$12.18M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$20.42M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$20.37M	USD	2 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$4.82M	USD	2 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$5.59M	USD	2 Qtrs
Stock-Based Compensation Expense	`ShareBasedCompensation`	$2.15M	USD	2 Qtrs
Stock-Based Compensation Expense	`ShareBasedCompensation`	$2.63M	USD	2 Qtrs
Merchandise Inventories	`IncreaseDecreaseInInventories`	$47.60M	USD	2 Qtrs
Merchandise Inventories	`IncreaseDecreaseInInventories`	$23.92M	USD	2 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-1.96M	USD	2 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$12.89M	USD	2 Qtrs
Customer Deposits and Store Credits	`IncreaseDecreaseInCustomerDepositsAndStoreCredits`	$4.57M	USD	2 Qtrs
Customer Deposits and Store Credits	`IncreaseDecreaseInCustomerDepositsAndStoreCredits`	$4.89M	USD	2 Qtrs
Prepaid Expenses and Other Current Assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.20M	USD	2 Qtrs
Prepaid Expenses and Other Current Assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.44M	USD	2 Qtrs
Other Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-3.49M	USD	2 Qtrs
Other Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-4.82M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$23.74M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$2.45M	USD	2 Qtrs
Purchases of Property and Equipment	`PaymentsToAcquirePropertyAndEquipment`	$6.67M	USD	2 Qtrs
Purchases of Property and Equipment	`PaymentsToAcquirePropertyAndEquipment`	$6.77M	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.67M	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.77M	USD	2 Qtrs
Payments for Share Repurchases	`PaymentsForRepurchaseOfCommonStock`	$14.64M	USD	2 Qtrs
Payments for Share Repurchases	`PaymentsForRepurchaseOfCommonStock`	$34.48M	USD	2 Qtrs
Proceeds from the Exercise of Stock Options	`ProceedsFromStockOptionsExercised`	$6.74M	USD	2 Qtrs
Proceeds from the Exercise of Stock Options	`ProceedsFromStockOptionsExercised`	$6.47M	USD	2 Qtrs
Excess Tax Benefit from Stock-Based Compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.93M	USD	2 Qtrs
Excess Tax Benefit from Stock-Based Compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$11.79M	USD	2 Qtrs
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$3.90M	USD	2 Qtrs
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-26.08M	USD	2 Qtrs
Effect of Exchange Rates on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-375.00K	USD	2 Qtrs
Effect of Exchange Rates on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$149.00K	USD	2 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-30.15M	USD	2 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$20.50M	USD	2 Qtrs
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$31.52M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$84.66M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$61.67M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$64.17M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$31.52M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$84.66M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$61.67M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$64.17M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$36.20M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$12.18M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$20.42M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$20.37M	USD	2 Qtrs
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-372.00K	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-47.00K	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$57.00K	USD	2 Qtrs
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-693.00K	USD	2 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$12.13M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$35.51M	USD	2 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$20.05M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$20.43M	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.