10-Q Filing

LL FLOORING HOLDINGS, INC. CIK: 1396033 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001144204-14-062232`
Period End Date	20140930
Filing Date	20141022
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	ll-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 52 Cash Flow Statement 48 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`	$10.79M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$80.63M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$64.17M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	27.06M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$84.19M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	27.56M	shares	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	2.82M	shares	Point-in-time
Merchandise Inventories	`InventoryNet`	$252.43M	USD	Point-in-time
Merchandise Inventories	`InventoryNet`	$288.83M	USD	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	2.13M	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$6.23M	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$6.06M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$17.02M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$12.92M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$322.70M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$352.21M	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$65.95M	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$118.51M	USD	Point-in-time
Goodwill	`Goodwill`	$9.69M	USD	Point-in-time
Goodwill	`Goodwill`	$9.69M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$1.64M	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`	$452.53M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$56.24M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$56.33M	USD	Point-in-time
Customer Deposits and Store Credits	`CustomerDepositsAndStoreCredits`	$22.38M	USD	Point-in-time
Customer Deposits and Store Credits	`CustomerDepositsAndStoreCredits`	$33.19M	USD	Point-in-time
Accrued Compensation	`EmployeeRelatedLiabilitiesCurrent`	$11.71M	USD	Point-in-time
Accrued Compensation	`EmployeeRelatedLiabilitiesCurrent`	$4.73M	USD	Point-in-time
Sales and Income Tax Liabilities	`TaxesPayableCurrent`	$4.88M	USD	Point-in-time
Sales and Income Tax Liabilities	`TaxesPayableCurrent`	$5.36M	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$11.71M	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$24.49M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$124.00M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$107.00M	USD	Point-in-time
Deferred Rent	`DeferredRentCreditNoncurrent`	$6.24M	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`	$9.06M	USD	Point-in-time
Common Stock ($0.001 par value; 35,000,000 shares authorized; 27,057,543 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; 27,057,543 and 27,557,570 shares outstanding, respectively)	`CommonStockValue`	$30.00K	USD	Point-in-time
Treasury Stock, at cost (2,815,908 and 2,133,307 shares, respectively)	`TreasuryStockValue`	$138.65M	USD	Point-in-time
Treasury Stock, at cost (2,815,908 and 2,133,307 shares, respectively)	`TreasuryStockValue`	$85.38M	USD	Point-in-time
Additional Capital	`AdditionalPaidInCapitalCommonStock`	$175.56M	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`	$276.69M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-405.00K	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-562.00K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$313.23M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$309.33M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$429.56M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$452.53M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueNet`	$266.07M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$254.28M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$775.44M	USD	3 Qtrs
Net Sales	`SalesRevenueNet`	$741.81M	USD	3 Qtrs
Cost of Sales	`CostOfGoodsAndServicesSold`	$436.36M	USD	3 Qtrs
Cost of Sales	`CostOfGoodsAndServicesSold`	$161.91M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$147.90M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$463.76M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$104.16M	USD	1 Quarter
Gross Profit	`GrossProfit`	$305.45M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$311.68M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$106.38M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$236.31M	USD	3 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$213.69M	USD	3 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$78.38M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$73.11M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$33.27M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$25.78M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$91.76M	USD	3 Qtrs
Operating Income	`OperatingIncomeLoss`	$75.37M	USD	3 Qtrs
Other (Income) Expense	`OtherNonoperatingIncomeExpense`	$-246.00K	USD	3 Qtrs
Other (Income) Expense	`OtherNonoperatingIncomeExpense`	$-82.00K	USD	1 Quarter
Other (Income) Expense	`OtherNonoperatingIncomeExpense`	$425.00K	USD	3 Qtrs
Other (Income) Expense	`OtherNonoperatingIncomeExpense`	$64.00K	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$25.70M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$75.13M	USD	3 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$33.33M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$92.19M	USD	3 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$12.93M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$29.10M	USD	3 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$9.97M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$35.59M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$46.03M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$15.72M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$20.40M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$56.60M	USD	3 Qtrs
Net Income per Common Share?Basic	`EarningsPerShareBasic`	$2.06	USD	3 Qtrs
Net Income per Common Share?Basic	`EarningsPerShareBasic`	$0.74	USD	1 Quarter
Net Income per Common Share?Basic	`EarningsPerShareBasic`	$1.68	USD	3 Qtrs
Net Income per Common Share?Basic	`EarningsPerShareBasic`	$0.58	USD	1 Quarter
Net Income per Common Share?Diluted	`EarningsPerShareDiluted`	$2.03	USD	3 Qtrs
Net Income per Common Share?Diluted	`EarningsPerShareDiluted`	$1.67	USD	3 Qtrs
Net Income per Common Share?Diluted	`EarningsPerShareDiluted`	$0.58	USD	1 Quarter
Net Income per Common Share?Diluted	`EarningsPerShareDiluted`	$0.73	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.45M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.33M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.59M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.10M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.27M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.91M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.95M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.57M	shares	3 Qtrs

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$46.03M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$15.72M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$20.40M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$56.60M	USD	3 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$10.85M	USD	3 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$8.50M	USD	3 Qtrs
Stock-Based Compensation Expense	`ShareBasedCompensation`	$4.04M	USD	3 Qtrs
Stock-Based Compensation Expense	`ShareBasedCompensation`	$4.17M	USD	3 Qtrs
Merchandise Inventories	`IncreaseDecreaseInInventories`	$30.70M	USD	3 Qtrs
Merchandise Inventories	`IncreaseDecreaseInInventories`	$36.56M	USD	3 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-717.00K	USD	3 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-17.62M	USD	3 Qtrs
Customer Deposits and Store Credits	`IncreaseDecreaseInCustomerDepositsAndStoreCredits`	$6.75M	USD	3 Qtrs
Customer Deposits and Store Credits	`IncreaseDecreaseInCustomerDepositsAndStoreCredits`	$10.84M	USD	3 Qtrs
Prepaid Expenses and Other Current Assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.37M	USD	3 Qtrs
Prepaid Expenses and Other Current Assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.99M	USD	3 Qtrs
Other Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-329.00K	USD	3 Qtrs
Other Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-12.99M	USD	3 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$32.43M	USD	3 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$36.70M	USD	3 Qtrs
Purchases of Property and Equipment	`PaymentsToAcquirePropertyAndEquipment`	$17.26M	USD	3 Qtrs
Purchases of Property and Equipment	`PaymentsToAcquirePropertyAndEquipment`	$56.21M	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-56.21M	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-17.26M	USD	3 Qtrs
Payments for Stock Repurchases	`PaymentsForRepurchaseOfCommonStock`	$53.26M	USD	3 Qtrs
Payments for Stock Repurchases	`PaymentsForRepurchaseOfCommonStock`	$24.61M	USD	3 Qtrs
Proceeds from the Exercise of Stock Options	`ProceedsFromStockOptionsExercised`	$2.94M	USD	3 Qtrs
Proceeds from the Exercise of Stock Options	`ProceedsFromStockOptionsExercised`	$9.80M	USD	3 Qtrs
Excess Tax Benefit from Stock-Based Compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$3.75M	USD	3 Qtrs
Excess Tax Benefit from Stock-Based Compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$15.71M	USD	3 Qtrs
Borrowings on Revolving Credit Facility	`RepaymentsOfLinesOfCredit`	$-26.00M	USD	3 Qtrs
Borrowings on Revolving Credit Facility	`RepaymentsOfLinesOfCredit`	-	USD	3 Qtrs
Payments on Revolving Credit Facility	`ProceedsFromLinesOfCredit`	-	USD	3 Qtrs
Payments on Revolving Credit Facility	`ProceedsFromLinesOfCredit`	$-26.00M	USD	3 Qtrs
Net Cash (Used in) Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-46.58M	USD	3 Qtrs
Net Cash (Used in) Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$898.00K	USD	3 Qtrs
Effect of Exchange Rates on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-312.00K	USD	3 Qtrs
Effect of Exchange Rates on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$512.00K	USD	3 Qtrs
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-69.85M	USD	3 Qtrs
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$20.03M	USD	3 Qtrs
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$10.79M	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`	$64.17M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$84.19M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$10.79M	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`	$64.17M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$84.19M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$46.03M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$15.72M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$20.40M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$56.60M	USD	3 Qtrs
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-234.00K	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-425.00K	USD	3 Qtrs
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$157.00K	USD	3 Qtrs
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$268.00K	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$46.18M	USD	3 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$56.17M	USD	3 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$20.67M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$15.49M	USD	1 Quarter

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