10-Q Filing

LL FLOORING HOLDINGS, INC. CIK: 1396033 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001144204-14-045591`
Period End Date	20140630
Filing Date	20140730
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	ll-20140630.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
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	27.56M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$64.17M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	27.28M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$84.66M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$48.06M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$80.63M	USD	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	2.56M	shares	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	2.13M	shares	Point-in-time
Merchandise Inventories	`InventoryNet`	$252.43M	USD	Point-in-time
Merchandise Inventories	`InventoryNet`	$272.74M	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$6.23M	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$6.17M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$12.92M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$15.59M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$342.56M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$352.21M	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$100.63M	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`	$1.68M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$1.71M	USD	Point-in-time
Total Assets	`Assets`	$429.56M	USD	Point-in-time
Total Assets	`Assets`	$454.56M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$66.21M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$56.33M	USD	Point-in-time
Customer Deposits and Store Credits	`CustomerDepositsAndStoreCredits`	$31.26M	USD	Point-in-time
Customer Deposits and Store Credits	`CustomerDepositsAndStoreCredits`	$22.38M	USD	Point-in-time
Accrued Compensation	`EmployeeRelatedLiabilitiesCurrent`	$11.71M	USD	Point-in-time
Accrued Compensation	`EmployeeRelatedLiabilitiesCurrent`	$3.92M	USD	Point-in-time
Sales and Income Tax Liabilities	`TaxesPayableCurrent`	$4.88M	USD	Point-in-time
Sales and Income Tax Liabilities	`TaxesPayableCurrent`	$4.45M	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$23.49M	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$11.71M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$107.00M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$129.33M	USD	Point-in-time
Deferred Rent	`DeferredRentCreditNoncurrent`	$5.56M	USD	Point-in-time
Deferred Rent	`DeferredRentCreditNoncurrent`	$4.17M	USD	Point-in-time
Deferred Tax Liability	`DeferredTaxLiabilitiesNoncurrent`	$9.06M	USD	Point-in-time
Deferred Tax Liability	`DeferredTaxLiabilitiesNoncurrent`	$9.37M	USD	Point-in-time
Common Stock ($0.001 par value; 35,000,000 shares authorized; 27,282,138 and 27,557,570 shares outstanding, respectively)	`CommonStockValue`	$30.00K	USD	Point-in-time
Common Stock ($0.001 par value; 35,000,000 shares authorized; 27,282,138 and 27,557,570 shares outstanding, respectively)	`CommonStockValue`	$30.00K	USD	Point-in-time
Treasury Stock, at cost (2,558,013 and 2,133,307 shares, respectively)	`TreasuryStockValue`	$123.89M	USD	Point-in-time
Treasury Stock, at cost (2,558,013 and 2,133,307 shares, respectively)	`TreasuryStockValue`	$85.38M	USD	Point-in-time
Additional Capital	`AdditionalPaidInCapitalCommonStock`	$173.37M	USD	Point-in-time
Additional Capital	`AdditionalPaidInCapitalCommonStock`	$164.58M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$230.66M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$260.96M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-171.00K	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`	$310.30M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$429.56M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$454.56M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueNet`	$487.53M	USD	2 Qtrs
Net Sales	`SalesRevenueNet`	$509.38M	USD	2 Qtrs
Net Sales	`SalesRevenueNet`	$263.08M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$257.11M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$301.85M	USD	2 Qtrs
Cost of Sales	`CostOfGoodsAndServicesSold`	$288.45M	USD	2 Qtrs
Cost of Sales	`CostOfGoodsAndServicesSold`	$151.03M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$156.85M	USD	1 Quarter
Gross Profit	`GrossProfit`	$199.08M	USD	2 Qtrs
Gross Profit	`GrossProfit`	$207.53M	USD	2 Qtrs
Gross Profit	`GrossProfit`	$106.24M	USD	1 Quarter
Gross Profit	`GrossProfit`	$106.08M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$72.99M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$79.07M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$140.58M	USD	2 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$157.93M	USD	2 Qtrs
Operating Income	`OperatingIncomeLoss`	$33.09M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$27.17M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$58.49M	USD	2 Qtrs
Operating Income	`OperatingIncomeLoss`	$49.59M	USD	2 Qtrs
Other (Income) Expense	`OtherNonoperatingIncomeExpense`	$360.00K	USD	2 Qtrs
Other (Income) Expense	`OtherNonoperatingIncomeExpense`	$-70.00K	USD	1 Quarter
Other (Income) Expense	`OtherNonoperatingIncomeExpense`	$-164.00K	USD	2 Qtrs
Other (Income) Expense	`OtherNonoperatingIncomeExpense`	$150.00K	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$27.10M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$33.24M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$49.43M	USD	2 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$58.85M	USD	2 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$12.81M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$10.49M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$19.13M	USD	2 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$22.65M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$30.30M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$36.20M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$20.42M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$16.61M	USD	1 Quarter
Net Income per Common Share?Basic	`EarningsPerShareBasic`	$0.74	USD	1 Quarter
Net Income per Common Share?Basic	`EarningsPerShareBasic`	$0.61	USD	1 Quarter
Net Income per Common Share?Basic	`EarningsPerShareBasic`	$1.32	USD	2 Qtrs
Net Income per Common Share?Basic	`EarningsPerShareBasic`	$1.10	USD	2 Qtrs
Net Income per Common Share?Diluted	`EarningsPerShareDiluted`	$1.30	USD	2 Qtrs
Net Income per Common Share?Diluted	`EarningsPerShareDiluted`	$1.09	USD	2 Qtrs
Net Income per Common Share?Diluted	`EarningsPerShareDiluted`	$0.73	USD	1 Quarter
Net Income per Common Share?Diluted	`EarningsPerShareDiluted`	$0.60	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.38M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.54M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.45M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.37M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.88M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.97M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.61M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.72M	shares	2 Qtrs

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$30.30M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$36.20M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$20.42M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$16.61M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$7.08M	USD	2 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$5.59M	USD	2 Qtrs
Stock-Based Compensation Expense	`ShareBasedCompensation`	$2.78M	USD	2 Qtrs
Stock-Based Compensation Expense	`ShareBasedCompensation`	$2.63M	USD	2 Qtrs
Merchandise Inventories	`IncreaseDecreaseInInventories`	$20.46M	USD	2 Qtrs
Merchandise Inventories	`IncreaseDecreaseInInventories`	$23.92M	USD	2 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$3.51M	USD	2 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-1.96M	USD	2 Qtrs
Customer Deposits and Store Credits	`IncreaseDecreaseInCustomerDepositsAndStoreCredits`	$8.90M	USD	2 Qtrs
Customer Deposits and Store Credits	`IncreaseDecreaseInCustomerDepositsAndStoreCredits`	$4.57M	USD	2 Qtrs
Prepaid Expenses and Other Current Assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.20M	USD	2 Qtrs
Prepaid Expenses and Other Current Assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.47M	USD	2 Qtrs
Other Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.55M	USD	2 Qtrs
Other Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-4.82M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$28.09M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$23.74M	USD	2 Qtrs
Purchases of Property and Equipment	`PaymentsToAcquirePropertyAndEquipment`	$28.27M	USD	2 Qtrs
Purchases of Property and Equipment	`PaymentsToAcquirePropertyAndEquipment`	$6.77M	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-6.77M	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-28.27M	USD	2 Qtrs
Payments for Stock Repurchases	`PaymentsForRepurchaseOfCommonStock`	$14.64M	USD	2 Qtrs
Payments for Stock Repurchases	`PaymentsForRepurchaseOfCommonStock`	$38.51M	USD	2 Qtrs
Proceeds from the Exercise of Stock Options	`ProceedsFromStockOptionsExercised`	$6.74M	USD	2 Qtrs
Proceeds from the Exercise of Stock Options	`ProceedsFromStockOptionsExercised`	$2.64M	USD	2 Qtrs
Excess Tax Benefit from Stock-Based Compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$3.24M	USD	2 Qtrs
Excess Tax Benefit from Stock-Based Compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$11.79M	USD	2 Qtrs
Net Cash (Used in) Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$3.90M	USD	2 Qtrs
Net Cash (Used in) Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-32.63M	USD	2 Qtrs
Effect of Exchange Rates on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$236.00K	USD	2 Qtrs
Effect of Exchange Rates on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-375.00K	USD	2 Qtrs
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$20.50M	USD	2 Qtrs
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-32.57M	USD	2 Qtrs
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$64.17M	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`	$48.06M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$80.63M	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`	$84.66M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$48.06M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$80.63M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$30.30M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$36.20M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$20.42M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$16.61M	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-693.00K	USD	2 Qtrs
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-372.00K	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$240.00K	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$391.00K	USD	2 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$30.69M	USD	2 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$35.51M	USD	2 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$20.05M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$16.85M	USD	1 Quarter

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