10-Q Filing

LL FLOORING HOLDINGS, INC. CIK: 1396033 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001144204-14-025939`
Period End Date	20140331
Filing Date	20140430
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	ll-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 26 Cash Flow Statement 42 Comprehensive Income 6

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`	$64.17M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	27.51M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$80.63M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$72.73M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	27.56M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$76.06M	USD	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	2.13M	shares	Point-in-time
Merchandise Inventories	`InventoryNet`	$252.43M	USD	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	2.31M	shares	Point-in-time
Merchandise Inventories	`InventoryNet`	$247.37M	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$6.23M	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$7.93M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$12.92M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$11.88M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$352.21M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$343.24M	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$78.41M	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$65.95M	USD	Point-in-time
Goodwill	`Goodwill`	$9.69M	USD	Point-in-time
Goodwill	`Goodwill`	$9.69M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$1.71M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$1.70M	USD	Point-in-time
Total Assets	`Assets`	$433.04M	USD	Point-in-time
Total Assets	`Assets`	$429.56M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$56.33M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$41.50M	USD	Point-in-time
Customer Deposits and Store Credits	`CustomerDepositsAndStoreCredits`	$22.38M	USD	Point-in-time
Customer Deposits and Store Credits	`CustomerDepositsAndStoreCredits`	$33.51M	USD	Point-in-time
Accrued Compensation	`EmployeeRelatedLiabilitiesCurrent`	$4.81M	USD	Point-in-time
Accrued Compensation	`EmployeeRelatedLiabilitiesCurrent`	$11.71M	USD	Point-in-time
Sales and Income Tax Liabilities	`TaxesPayableCurrent`	$8.05M	USD	Point-in-time
Sales and Income Tax Liabilities	`TaxesPayableCurrent`	$4.88M	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$11.71M	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$18.33M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$106.19M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$107.00M	USD	Point-in-time
Deferred Rent	`DeferredRentCreditNoncurrent`	$4.86M	USD	Point-in-time
Deferred Rent	`DeferredRentCreditNoncurrent`	$4.17M	USD	Point-in-time
Deferred Tax Liability	`DeferredTaxLiabilitiesNoncurrent`	$9.64M	USD	Point-in-time
Deferred Tax Liability	`DeferredTaxLiabilitiesNoncurrent`	$9.06M	USD	Point-in-time
Common Stock ($0.001 par value; 35,000,000 authorized; 27,505,476 and 27,557,570 outstanding, respectively)	`CommonStockValue`	$30.00K	USD	Point-in-time
Common Stock ($0.001 par value; 35,000,000 authorized; 27,505,476 and 27,557,570 outstanding, respectively)	`CommonStockValue`	$30.00K	USD	Point-in-time
Treasury Stock, at cost (2,311,285 and 2,133,307 shares, respectively)	`TreasuryStockValue`	$85.38M	USD	Point-in-time
Treasury Stock, at cost (2,311,285 and 2,133,307 shares, respectively)	`TreasuryStockValue`	$103.05M	USD	Point-in-time
Additional Capital	`AdditionalPaidInCapitalCommonStock`	$164.58M	USD	Point-in-time
Additional Capital	`AdditionalPaidInCapitalCommonStock`	$171.42M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$244.36M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$230.66M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-411.00K	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-562.00K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$309.33M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$312.35M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$429.56M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$433.04M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueNet`	$230.42M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$246.29M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$137.42M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$145.00M	USD	1 Quarter
Gross Profit	`GrossProfit`	$93.00M	USD	1 Quarter
Gross Profit	`GrossProfit`	$101.29M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$78.87M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$67.59M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$22.42M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$25.41M	USD	1 Quarter
Other (Income) Expense	`OtherNonoperatingIncomeExpense`	$-94.00K	USD	1 Quarter
Other (Income) Expense	`OtherNonoperatingIncomeExpense`	$210.00K	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$25.62M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$22.33M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$9.84M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$8.63M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$13.69M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$15.78M	USD	1 Quarter
Net Income per Common Share-Basic	`EarningsPerShareBasic`	$0.58	USD	1 Quarter
Net Income per Common Share-Basic	`EarningsPerShareBasic`	$0.50	USD	1 Quarter
Net Income per Common Share-Diluted	`EarningsPerShareDiluted`	$0.57	USD	1 Quarter
Net Income per Common Share-Diluted	`EarningsPerShareDiluted`	$0.49	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.52M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.21M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.78M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.83M	shares	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$13.69M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$15.78M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$3.44M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$2.72M	USD	1 Quarter
Stock-Based Compensation Expense	`ShareBasedCompensation`	$1.11M	USD	1 Quarter
Stock-Based Compensation Expense	`ShareBasedCompensation`	$1.51M	USD	1 Quarter
Merchandise Inventories	`IncreaseDecreaseInInventories`	$-4.90M	USD	1 Quarter
Merchandise Inventories	`IncreaseDecreaseInInventories`	$3.52M	USD	1 Quarter
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-15.97M	USD	1 Quarter
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-16.30M	USD	1 Quarter
Customer Deposits and Store Credits	`IncreaseDecreaseInCustomerDepositsAndStoreCredits`	$11.17M	USD	1 Quarter
Customer Deposits and Store Credits	`IncreaseDecreaseInCustomerDepositsAndStoreCredits`	$2.87M	USD	1 Quarter
Prepaid Expenses and Other Current Assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$533.00K	USD	1 Quarter
Prepaid Expenses and Other Current Assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.95M	USD	1 Quarter
Other Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-4.42M	USD	1 Quarter
Other Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-6.12M	USD	1 Quarter
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$11.06M	USD	1 Quarter
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$22.30M	USD	1 Quarter
Purchases of Property and Equipment	`PaymentsToAcquirePropertyAndEquipment`	$14.38M	USD	1 Quarter
Purchases of Property and Equipment	`PaymentsToAcquirePropertyAndEquipment`	$2.59M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.59M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-14.38M	USD	1 Quarter
Payments for Stock Repurchases	`PaymentsForRepurchaseOfCommonStock`	$4.28M	USD	1 Quarter
Payments for Stock Repurchases	`PaymentsForRepurchaseOfCommonStock`	$17.66M	USD	1 Quarter
Proceeds from the Exercise of Stock Options	`ProceedsFromStockOptionsExercised`	$2.09M	USD	1 Quarter
Proceeds from the Exercise of Stock Options	`ProceedsFromStockOptionsExercised`	$1.28M	USD	1 Quarter
Excess Tax Benefit from Stock-Based Compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$3.37M	USD	1 Quarter
Excess Tax Benefit from Stock-Based Compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$3.22M	USD	1 Quarter
Net Cash (Used in) Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$369.00K	USD	1 Quarter
Net Cash (Used in) Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-12.35M	USD	1 Quarter
Effect of Exchange Rates on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-129.00K	USD	1 Quarter
Effect of Exchange Rates on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-283.00K	USD	1 Quarter
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.56M	USD	1 Quarter
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.57M	USD	1 Quarter
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$64.17M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$80.63M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$72.73M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$76.06M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$64.17M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$80.63M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$72.73M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$76.06M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$13.69M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$15.78M	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$151.00K	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-321.00K	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$13.85M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$15.46M	USD	1 Quarter

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