10-Q Filing

LL FLOORING HOLDINGS, INC. CIK: 1396033 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001144204-15-025682`
Period End Date	20150331
Filing Date	20150429
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	ll-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 26 Cash Flow Statement 46 Comprehensive Income 6

Balance Sheet 62 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`	$76.06M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	27.08M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.29M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$43.89M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	27.07M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$80.63M	USD	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	2.82M	shares	Point-in-time
Merchandise Inventories	`InventoryNet`	$314.37M	USD	Point-in-time
Merchandise Inventories	`InventoryNet`	$301.48M	USD	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	2.82M	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$7.49M	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$5.58M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$12.67M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$17.04M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$365.52M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$357.28M	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$129.19M	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$124.87M	USD	Point-in-time
Goodwill	`Goodwill`	$9.69M	USD	Point-in-time
Goodwill	`Goodwill`	$9.69M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$1.62M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$1.62M	USD	Point-in-time
Total Assets	`Assets`	$493.46M	USD	Point-in-time
Total Assets	`Assets`	$506.03M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$80.30M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$63.57M	USD	Point-in-time
Customer Deposits and Store Credits	`CustomerDepositsAndStoreCredits`	$34.16M	USD	Point-in-time
Customer Deposits and Store Credits	`CustomerDepositsAndStoreCredits`	$34.94M	USD	Point-in-time
Accrued Compensation	`EmployeeRelatedLiabilitiesCurrent`	$4.03M	USD	Point-in-time
Accrued Compensation	`EmployeeRelatedLiabilitiesCurrent`	$3.69M	USD	Point-in-time
Sales and Income Tax Liabilities	`TaxesPayableCurrent`	$5.49M	USD	Point-in-time
Sales and Income Tax Liabilities	`TaxesPayableCurrent`	$7.47M	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$36.41M	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$17.84M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$144.25M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$143.66M	USD	Point-in-time
Deferred Rent	`DeferredRentCreditNoncurrent`	$6.65M	USD	Point-in-time
Deferred Rent	`DeferredRentCreditNoncurrent`	$6.60M	USD	Point-in-time
Deferred Tax Liability	`DeferredTaxLiabilitiesNoncurrent`	$10.56M	USD	Point-in-time
Deferred Tax Liability	`DeferredTaxLiabilitiesNoncurrent`	$10.51M	USD	Point-in-time
Revolving Credit Facility	`LongTermLineOfCredit`	-	USD	Point-in-time
Revolving Credit Facility	`LongTermLineOfCredit`	$20.00M	USD	Point-in-time
Total Liabilities	`Liabilities`	$161.41M	USD	Point-in-time
Total Liabilities	`Liabilities`	$180.82M	USD	Point-in-time
Common Stock ($0.001 par value; 35,000,000 shares authorized; 27,080,952 and 27,069,307 shares outstanding, respectively)	`CommonStockValue`	$30.00K	USD	Point-in-time
Common Stock ($0.001 par value; 35,000,000 shares authorized; 27,080,952 and 27,069,307 shares outstanding, respectively)	`CommonStockValue`	$30.00K	USD	Point-in-time
Treasury Stock, at cost (2,822,927 and 2,816,780 shares, respectively)	`TreasuryStockValue`	$138.95M	USD	Point-in-time
Treasury Stock, at cost (2,822,927 and 2,816,780 shares, respectively)	`TreasuryStockValue`	$138.69M	USD	Point-in-time
Additional Capital	`AdditionalPaidInCapitalCommonStock`	$179.02M	USD	Point-in-time
Additional Capital	`AdditionalPaidInCapitalCommonStock`	$177.48M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$286.25M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$294.03M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-796.00K	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.14M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$325.21M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$332.05M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$506.03M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$493.46M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueNet`	$259.96M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$246.29M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$168.35M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$145.00M	USD	1 Quarter
Gross Profit	`GrossProfit`	$91.61M	USD	1 Quarter
Gross Profit	`GrossProfit`	$101.29M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$97.44M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$78.87M	USD	1 Quarter
Operating (Loss) Income	`OperatingIncomeLoss`	$22.42M	USD	1 Quarter
Operating (Loss) Income	`OperatingIncomeLoss`	$-5.83M	USD	1 Quarter
Other (Income) Expense	`OtherNonoperatingIncomeExpense`	$-94.00K	USD	1 Quarter
Other (Income) Expense	`OtherNonoperatingIncomeExpense`	$-251.00K	USD	1 Quarter
(Loss) Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$22.33M	USD	1 Quarter
(Loss) Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-6.08M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$1.70M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$8.63M	USD	1 Quarter
Net (Loss) Income	`NetIncomeLoss`	$-7.78M	USD	1 Quarter
Net (Loss) Income	`NetIncomeLoss`	$13.69M	USD	1 Quarter
Net (Loss) Income per Common Share-Basic	`EarningsPerShareBasic`	$-0.29	USD	1 Quarter
Net (Loss) Income per Common Share-Basic	`EarningsPerShareBasic`	$0.50	USD	1 Quarter
Net (Loss) Income per Common Share-Diluted	`EarningsPerShareDiluted`	$0.49	USD	1 Quarter
Net (Loss) Income per Common Share-Diluted	`EarningsPerShareDiluted`	$-0.29	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.52M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.07M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.83M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.07M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net (Loss) Income	`NetIncomeLoss`	$-7.78M	USD	1 Quarter
Net (Loss) Income	`NetIncomeLoss`	$13.69M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$3.44M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$4.17M	USD	1 Quarter
Stock-Based Compensation Expense	`ShareBasedCompensation`	$1.51M	USD	1 Quarter
Stock-Based Compensation Expense	`ShareBasedCompensation`	$1.33M	USD	1 Quarter
Merchandise Inventories	`IncreaseDecreaseInInventories`	$-4.90M	USD	1 Quarter
Merchandise Inventories	`IncreaseDecreaseInInventories`	$-12.66M	USD	1 Quarter
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-16.30M	USD	1 Quarter
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-15.46M	USD	1 Quarter
Customer Deposits and Store Credits	`IncreaseDecreaseInCustomerDepositsAndStoreCredits`	$11.17M	USD	1 Quarter
Customer Deposits and Store Credits	`IncreaseDecreaseInCustomerDepositsAndStoreCredits`	$-671.00K	USD	1 Quarter
Prepaid Expenses and Other Current Assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$533.00K	USD	1 Quarter
Prepaid Expenses and Other Current Assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.45M	USD	1 Quarter
Other Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-4.42M	USD	1 Quarter
Other Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-16.46M	USD	1 Quarter
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$13.16M	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`	$8.98M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-8.98M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-14.38M	USD	1 Quarter
Payments for Stock Repurchases	`PaymentsForRepurchaseOfCommonStock`	$17.66M	USD	1 Quarter
Payments for Stock Repurchases	`PaymentsForRepurchaseOfCommonStock`	$261.00K	USD	1 Quarter
Proceeds from the Exercise of Stock Options	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Proceeds from the Exercise of Stock Options	`ProceedsFromStockOptionsExercised`	$2.09M	USD	1 Quarter
Excess Tax Benefit from Stock-Based Compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$-78.00K	USD	1 Quarter
Excess Tax Benefit from Stock-Based Compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$3.22M	USD	1 Quarter
Borrowings on Revolving Credit Facility	`ProceedsFromLinesOfCredit`	-	USD	1 Quarter
Borrowings on Revolving Credit Facility	`ProceedsFromLinesOfCredit`	$39.00M	USD	1 Quarter
Payments on Revolving Credit Facility	`RepaymentsOfLinesOfCredit`	$19.00M	USD	1 Quarter
Payments on Revolving Credit Facility	`RepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-12.35M	USD	1 Quarter
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$19.66M	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`	$-236.00K	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$23.60M	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.57M	USD	1 Quarter
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$76.06M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$20.29M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$43.89M	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`	$76.06M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$20.29M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$43.89M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$80.63M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net (Loss) Income	`NetIncomeLoss`	$-7.78M	USD	1 Quarter
Net (Loss) Income	`NetIncomeLoss`	$13.69M	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-345.00K	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$151.00K	USD	1 Quarter
Comprehensive (Loss) Income	`ComprehensiveIncomeNetOfTax`	$-8.12M	USD	1 Quarter
Comprehensive (Loss) Income	`ComprehensiveIncomeNetOfTax`	$13.85M	USD	1 Quarter

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