10-Q Filing

LL FLOORING HOLDINGS, INC. CIK: 1396033 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001144204-15-046314`
Period End Date	20150630
Filing Date	20150805
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	ll-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 52 Cash Flow Statement 54 Comprehensive Income 12

Balance Sheet 63 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`	$48.06M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	27.07M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.27M	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`	$80.63M	USD	Point-in-time
Merchandise Inventories	`InventoryNet`	$314.37M	USD	Point-in-time
Merchandise Inventories	`InventoryNet`	$262.74M	USD	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	2.82M	shares	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	2.82M	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$7.17M	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$5.58M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$26.78M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$17.04M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$341.96M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$357.28M	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$124.87M	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$127.97M	USD	Point-in-time
Goodwill	`Goodwill`	$9.69M	USD	Point-in-time
Goodwill	`Goodwill`	$9.69M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$1.65M	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`	$481.26M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$80.30M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$58.67M	USD	Point-in-time
Customer Deposits and Store Credits	`CustomerDepositsAndStoreCredits`	$34.94M	USD	Point-in-time
Customer Deposits and Store Credits	`CustomerDepositsAndStoreCredits`	$31.14M	USD	Point-in-time
Accrued Compensation	`EmployeeRelatedLiabilitiesCurrent`	$6.20M	USD	Point-in-time
Accrued Compensation	`EmployeeRelatedLiabilitiesCurrent`	$3.69M	USD	Point-in-time
Sales and Income Tax Liabilities	`TaxesPayableCurrent`	$4.28M	USD	Point-in-time
Sales and Income Tax Liabilities	`TaxesPayableCurrent`	$7.47M	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$17.84M	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$36.08M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$144.25M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$136.37M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$6.60M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$11.63M	USD	Point-in-time
Deferred Tax Liability	`DeferredTaxLiabilitiesNoncurrent`	$10.56M	USD	Point-in-time
Deferred Tax Liability	`DeferredTaxLiabilitiesNoncurrent`	$9.01M	USD	Point-in-time
Revolving Credit Facility	`LongTermLineOfCredit`	$20.00M	USD	Point-in-time
Revolving Credit Facility	`LongTermLineOfCredit`	$20.00M	USD	Point-in-time
Revolving Credit Facility	`LongTermLineOfCredit`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$177.01M	USD	Point-in-time
Total Liabilities	`Liabilities`	$161.41M	USD	Point-in-time
Common Stock ($0.001 par value; 35,000,000 shares authorized; 27,084,841 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; 27,084,841 and 27,069,307 shares outstanding, respectively)	`CommonStockValue`	$30.00K	USD	Point-in-time
Treasury Stock, at cost (2,823,453 and 2,816,780 shares, respectively)	`TreasuryStockValue`	$138.97M	USD	Point-in-time
Treasury Stock, at cost (2,823,453 and 2,816,780 shares, respectively)	`TreasuryStockValue`	$138.69M	USD	Point-in-time
Additional Capital	`AdditionalPaidInCapitalCommonStock`	$177.48M	USD	Point-in-time
Additional Capital	`AdditionalPaidInCapitalCommonStock`	$178.26M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$265.91M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$294.03M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-978.00K	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-796.00K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$332.05M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$304.25M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$493.46M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$481.26M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueNet`	$507.90M	USD	2 Qtrs
Net Sales	`SalesRevenueNet`	$509.38M	USD	2 Qtrs
Net Sales	`SalesRevenueNet`	$247.94M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$263.08M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$301.85M	USD	2 Qtrs
Cost of Sales	`CostOfGoodsAndServicesSold`	$354.01M	USD	2 Qtrs
Cost of Sales	`CostOfGoodsAndServicesSold`	$185.66M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$156.85M	USD	1 Quarter
Gross Profit	`GrossProfit`	$106.24M	USD	1 Quarter
Gross Profit	`GrossProfit`	$153.90M	USD	2 Qtrs
Gross Profit	`GrossProfit`	$62.28M	USD	1 Quarter
Gross Profit	`GrossProfit`	$207.53M	USD	2 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$79.07M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$188.23M	USD	2 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$90.55M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$157.93M	USD	2 Qtrs
Operating (Loss) Income	`OperatingIncomeLoss`	$27.17M	USD	1 Quarter
Operating (Loss) Income	`OperatingIncomeLoss`	$49.59M	USD	2 Qtrs
Operating (Loss) Income	`OperatingIncomeLoss`	$-34.34M	USD	2 Qtrs
Operating (Loss) Income	`OperatingIncomeLoss`	$-28.27M	USD	1 Quarter
Other Expense	`OtherNonoperatingExpense`	$81.00K	USD	2 Qtrs
Other Expense	`OtherNonoperatingExpense`	$70.00K	USD	1 Quarter
Other Expense	`OtherNonoperatingExpense`	$65.00K	USD	1 Quarter
Other Expense	`OtherNonoperatingExpense`	$164.00K	USD	2 Qtrs
(Loss) Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$49.43M	USD	2 Qtrs
(Loss) Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-34.42M	USD	2 Qtrs
(Loss) Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-28.33M	USD	1 Quarter
(Loss) Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$27.10M	USD	1 Quarter
Income Tax (Benefit) Expense	`IncomeTaxExpenseBenefit`	$-6.29M	USD	2 Qtrs
Income Tax (Benefit) Expense	`IncomeTaxExpenseBenefit`	$19.13M	USD	2 Qtrs
Income Tax (Benefit) Expense	`IncomeTaxExpenseBenefit`	$10.49M	USD	1 Quarter
Income Tax (Benefit) Expense	`IncomeTaxExpenseBenefit`	$-7.99M	USD	1 Quarter
Net (Loss) Income	`NetIncomeLoss`	$30.30M	USD	2 Qtrs
Net (Loss) Income	`NetIncomeLoss`	$16.61M	USD	1 Quarter
Net (Loss) Income	`NetIncomeLoss`	$-20.35M	USD	1 Quarter
Net (Loss) Income	`NetIncomeLoss`	$-28.13M	USD	2 Qtrs
Net (Loss) Income per Common Share?Basic	`EarningsPerShareBasic`	$0.61	USD	1 Quarter
Net (Loss) Income per Common Share?Basic	`EarningsPerShareBasic`	$-0.75	USD	1 Quarter
Net (Loss) Income per Common Share?Basic	`EarningsPerShareBasic`	$-1.04	USD	2 Qtrs
Net (Loss) Income per Common Share?Basic	`EarningsPerShareBasic`	$1.10	USD	2 Qtrs
Net (Loss) Income per Common Share?Diluted	`EarningsPerShareDiluted`	$0.60	USD	1 Quarter
Net (Loss) Income per Common Share?Diluted	`EarningsPerShareDiluted`	$1.09	USD	2 Qtrs
Net (Loss) Income per Common Share?Diluted	`EarningsPerShareDiluted`	$-0.75	USD	1 Quarter
Net (Loss) Income per Common Share?Diluted	`EarningsPerShareDiluted`	$-1.04	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.38M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.08M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.08M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.45M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.08M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.72M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.08M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.61M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net (Loss) Income	`NetIncomeLoss`	$30.30M	USD	2 Qtrs
Net (Loss) Income	`NetIncomeLoss`	$16.61M	USD	1 Quarter
Net (Loss) Income	`NetIncomeLoss`	$-20.35M	USD	1 Quarter
Net (Loss) Income	`NetIncomeLoss`	$-28.13M	USD	2 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$7.08M	USD	2 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$8.76M	USD	2 Qtrs
Stock-Based Compensation Expense	`ShareBasedCompensation`	$2.78M	USD	2 Qtrs
Stock-Based Compensation Expense	`ShareBasedCompensation`	$729.00K	USD	1 Quarter
Stock-Based Compensation Expense	`ShareBasedCompensation`	$597.00K	USD	2 Qtrs
Stock-Based Compensation Expense	`ShareBasedCompensation`	$1.26M	USD	1 Quarter
Non-Cash Impairment Charges	`ImpairmentOfLongLivedAssetsHeldForUse`	-	USD	2 Qtrs
Non-Cash Impairment Charges	`ImpairmentOfLongLivedAssetsHeldForUse`	$5.35M	USD	2 Qtrs
Deconsolidation of Variable Interest Entity	`DeconsolidationOfVariableInterestEntity`	$1.46M	USD	2 Qtrs
Deconsolidation of Variable Interest Entity	`DeconsolidationOfVariableInterestEntity`	-	USD	2 Qtrs
Merchandise Inventories	`IncreaseDecreaseInInventories`	$20.46M	USD	2 Qtrs
Merchandise Inventories	`IncreaseDecreaseInInventories`	$-46.87M	USD	2 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$3.51M	USD	2 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-20.56M	USD	2 Qtrs
Customer Deposits and Store Credits	`IncreaseDecreaseInCustomerDepositsAndStoreCredits`	$-3.69M	USD	2 Qtrs
Customer Deposits and Store Credits	`IncreaseDecreaseInCustomerDepositsAndStoreCredits`	$8.90M	USD	2 Qtrs
Prepaid Expenses and Other Current Assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$7.32M	USD	2 Qtrs
Prepaid Expenses and Other Current Assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.47M	USD	2 Qtrs
Other Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-15.89M	USD	2 Qtrs
Other Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.55M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$19.22M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$28.09M	USD	2 Qtrs
Purchases of Property and Equipment	`PaymentsToAcquirePropertyAndEquipment`	$28.27M	USD	2 Qtrs
Purchases of Property and Equipment	`PaymentsToAcquirePropertyAndEquipment`	$14.25M	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-14.25M	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-28.27M	USD	2 Qtrs
Payments for Stock Repurchases	`PaymentsForRepurchaseOfCommonStock`	$38.51M	USD	2 Qtrs
Payments for Stock Repurchases	`PaymentsForRepurchaseOfCommonStock`	$276.00K	USD	2 Qtrs
Proceeds from the Exercise of Stock Options	`ProceedsFromStockOptionsExercised`	$2.64M	USD	2 Qtrs
Proceeds from the Exercise of Stock Options	`ProceedsFromStockOptionsExercised`	-	USD	2 Qtrs
Excess Tax Benefit from Stock-Based Compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$-169.00K	USD	2 Qtrs
Excess Tax Benefit from Stock-Based Compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$3.24M	USD	2 Qtrs
Borrowings on Revolving Credit Facility	`ProceedsFromLinesOfCredit`	$39.00M	USD	2 Qtrs
Borrowings on Revolving Credit Facility	`ProceedsFromLinesOfCredit`	-	USD	2 Qtrs
Payments on Revolving Credit Facility	`RepaymentsOfLinesOfCredit`	$19.00M	USD	2 Qtrs
Payments on Revolving Credit Facility	`RepaymentsOfLinesOfCredit`	-	USD	2 Qtrs
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$19.55M	USD	2 Qtrs
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-32.63M	USD	2 Qtrs
Effect of Exchange Rates on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$236.00K	USD	2 Qtrs
Effect of Exchange Rates on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$455.00K	USD	2 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$24.98M	USD	2 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-32.57M	USD	2 Qtrs
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$48.06M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$45.27M	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`	$80.63M	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`	$45.27M	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`	$80.63M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net (Loss) Income	`NetIncomeLoss`	$30.30M	USD	2 Qtrs
Net (Loss) Income	`NetIncomeLoss`	$16.61M	USD	1 Quarter
Net (Loss) Income	`NetIncomeLoss`	$-20.35M	USD	1 Quarter
Net (Loss) Income	`NetIncomeLoss`	$-28.13M	USD	2 Qtrs
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-182.00K	USD	2 Qtrs
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$163.00K	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$391.00K	USD	2 Qtrs
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$240.00K	USD	1 Quarter
Comprehensive (Loss) Income	`ComprehensiveIncomeNetOfTax`	$-20.18M	USD	1 Quarter
Comprehensive (Loss) Income	`ComprehensiveIncomeNetOfTax`	$-28.31M	USD	2 Qtrs
Comprehensive (Loss) Income	`ComprehensiveIncomeNetOfTax`	$16.85M	USD	1 Quarter
Comprehensive (Loss) Income	`ComprehensiveIncomeNetOfTax`	$30.69M	USD	2 Qtrs

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