10-Q Filing

LL FLOORING HOLDINGS, INC. CIK: 1396033 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001144204-15-062596`
Period End Date	20150930
Filing Date	20151104
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	ll-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 52 Cash Flow Statement 49 Comprehensive Income 12

Balance Sheet 61 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`	$53.80M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$80.63M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.79M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	27.07M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.29M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	27.09M	shares	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	2.82M	shares	Point-in-time
Merchandise Inventories	`InventoryNet`	$243.38M	USD	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	2.82M	shares	Point-in-time
Merchandise Inventories	`InventoryNet`	$314.37M	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$5.58M	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$6.65M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$17.04M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$33.55M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$337.39M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$357.28M	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$123.25M	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`	$1.68M	USD	Point-in-time
Total Assets	`Assets`	$493.46M	USD	Point-in-time
Total Assets	`Assets`	$472.01M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$80.30M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$52.87M	USD	Point-in-time
Customer Deposits and Store Credits	`CustomerDepositsAndStoreCredits`	$33.86M	USD	Point-in-time
Customer Deposits and Store Credits	`CustomerDepositsAndStoreCredits`	$34.94M	USD	Point-in-time
Accrued Compensation	`EmployeeRelatedLiabilitiesCurrent`	$3.69M	USD	Point-in-time
Accrued Compensation	`EmployeeRelatedLiabilitiesCurrent`	$8.72M	USD	Point-in-time
Sales and Income Tax Liabilities	`TaxesPayableCurrent`	$4.93M	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`	$31.91M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$132.30M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$144.25M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$15.51M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$6.60M	USD	Point-in-time
Deferred Tax Liability	`DeferredTaxLiabilitiesNoncurrent`	$10.56M	USD	Point-in-time
Deferred Tax Liability	`DeferredTaxLiabilitiesNoncurrent`	$8.17M	USD	Point-in-time
Revolving Credit Facility	`LongTermLineOfCredit`	$20.00M	USD	Point-in-time
Total Liabilities	`Liabilities`	$175.99M	USD	Point-in-time
Total Liabilities	`Liabilities`	$161.41M	USD	Point-in-time
Common Stock ($0.001 par value; 35,000,000 shares authorized; 27,087,445 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; 27,087,445 and 27,069,307 shares outstanding, respectively)	`CommonStockValue`	$30.00K	USD	Point-in-time
Treasury Stock, at cost (2,824,233 and 2,816,780 shares, respectively)	`TreasuryStockValue`	$138.98M	USD	Point-in-time
Treasury Stock, at cost (2,824,233 and 2,816,780 shares, respectively)	`TreasuryStockValue`	$138.69M	USD	Point-in-time
Additional Capital	`AdditionalPaidInCapitalCommonStock`	$179.06M	USD	Point-in-time
Additional Capital	`AdditionalPaidInCapitalCommonStock`	$177.48M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$257.43M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$294.03M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.51M	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`	$296.02M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$472.01M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$493.46M	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`	$743.97M	USD	3 Qtrs
Net Sales	`SalesRevenueNet`	$236.06M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$775.44M	USD	3 Qtrs
Cost of Sales	`CostOfGoodsAndServicesSold`	$519.08M	USD	3 Qtrs
Cost of Sales	`CostOfGoodsAndServicesSold`	$161.91M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$165.07M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$463.76M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$224.89M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$71.00M	USD	1 Quarter
Gross Profit	`GrossProfit`	$104.16M	USD	1 Quarter
Gross Profit	`GrossProfit`	$311.68M	USD	3 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$276.56M	USD	3 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$78.38M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$88.33M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$236.31M	USD	3 Qtrs
Operating (Loss) Income	`OperatingIncomeLoss`	$-51.67M	USD	3 Qtrs
Operating (Loss) Income	`OperatingIncomeLoss`	$75.37M	USD	3 Qtrs
Operating (Loss) Income	`OperatingIncomeLoss`	$-17.34M	USD	1 Quarter
Operating (Loss) Income	`OperatingIncomeLoss`	$25.78M	USD	1 Quarter
Other Expense	`OtherNonoperatingExpense`	$56.00K	USD	1 Quarter
Other Expense	`OtherNonoperatingExpense`	$137.00K	USD	3 Qtrs
Other Expense	`OtherNonoperatingExpense`	$82.00K	USD	1 Quarter
Other Expense	`OtherNonoperatingExpense`	$246.00K	USD	3 Qtrs
(Loss) Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$25.70M	USD	1 Quarter
(Loss) Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-51.81M	USD	3 Qtrs
(Loss) Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$75.13M	USD	3 Qtrs
(Loss) Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-17.39M	USD	1 Quarter
Income Tax (Benefit) Expense	`IncomeTaxExpenseBenefit`	$-15.20M	USD	3 Qtrs
Income Tax (Benefit) Expense	`IncomeTaxExpenseBenefit`	$-8.91M	USD	1 Quarter
Income Tax (Benefit) Expense	`IncomeTaxExpenseBenefit`	$29.10M	USD	3 Qtrs
Income Tax (Benefit) Expense	`IncomeTaxExpenseBenefit`	$9.97M	USD	1 Quarter
Net (Loss) Income	`NetIncomeLoss`	$-36.61M	USD	3 Qtrs
Net (Loss) Income	`NetIncomeLoss`	$15.72M	USD	1 Quarter
Net (Loss) Income	`NetIncomeLoss`	$46.03M	USD	3 Qtrs
Net (Loss) Income	`NetIncomeLoss`	$-8.48M	USD	1 Quarter
Net (Loss) Income per Common Share Basic	`EarningsPerShareBasic`	$0.58	USD	1 Quarter
Net (Loss) Income per Common Share Basic	`EarningsPerShareBasic`	$-1.35	USD	3 Qtrs
Net (Loss) Income per Common Share Basic	`EarningsPerShareBasic`	$-0.31	USD	1 Quarter
Net (Loss) Income per Common Share Basic	`EarningsPerShareBasic`	$1.68	USD	3 Qtrs
Net (Loss) Income per Common Share Diluted	`EarningsPerShareDiluted`	$0.58	USD	1 Quarter
Net (Loss) Income per Common Share Diluted	`EarningsPerShareDiluted`	$1.67	USD	3 Qtrs
Net (Loss) Income per Common Share Diluted	`EarningsPerShareDiluted`	$-0.31	USD	1 Quarter
Net (Loss) Income per Common Share Diluted	`EarningsPerShareDiluted`	$-1.35	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.33M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.10M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.08M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.09M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.08M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.09M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.57M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.27M	shares	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net (Loss) Income	`NetIncomeLoss`	$-36.61M	USD	3 Qtrs
Net (Loss) Income	`NetIncomeLoss`	$15.72M	USD	1 Quarter
Net (Loss) Income	`NetIncomeLoss`	$46.03M	USD	3 Qtrs
Net (Loss) Income	`NetIncomeLoss`	$-8.48M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$10.85M	USD	3 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$13.09M	USD	3 Qtrs
Stock-Based Compensation Expense	`ShareBasedCompensation`	$4.04M	USD	3 Qtrs
Stock-Based Compensation Expense	`ShareBasedCompensation`	$1.88M	USD	3 Qtrs
Impairment Charges	`AssetImpairmentCharges`	$8.39M	USD	3 Qtrs
Deconsolidation of Variable Interest Entity	`DeconsolidationOfVariableInterestEntity`	$1.46M	USD	3 Qtrs
Merchandise Inventories	`IncreaseDecreaseInInventories`	$-65.95M	USD	3 Qtrs
Merchandise Inventories	`IncreaseDecreaseInInventories`	$36.56M	USD	3 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-23.70M	USD	3 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-717.00K	USD	3 Qtrs
Customer Deposits and Store Credits	`IncreaseDecreaseInCustomerDepositsAndStoreCredits`	$10.84M	USD	3 Qtrs
Customer Deposits and Store Credits	`IncreaseDecreaseInCustomerDepositsAndStoreCredits`	$-964.00K	USD	3 Qtrs
Prepaid Expenses and Other Current Assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.37M	USD	3 Qtrs
Prepaid Expenses and Other Current Assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$11.70M	USD	3 Qtrs
Other Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-16.18M	USD	3 Qtrs
Other Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-329.00K	USD	3 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$33.98M	USD	3 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$32.43M	USD	3 Qtrs
Purchases of Property and Equipment	`PaymentsToAcquirePropertyAndEquipment`	$19.47M	USD	3 Qtrs
Purchases of Property and Equipment	`PaymentsToAcquirePropertyAndEquipment`	$56.21M	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-19.47M	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-56.21M	USD	3 Qtrs
Payments for Stock Repurchases	`PaymentsForRepurchaseOfCommonStock`	$53.26M	USD	3 Qtrs
Payments for Stock Repurchases	`PaymentsForRepurchaseOfCommonStock`	$287.00K	USD	3 Qtrs
Proceeds from the Exercise of Stock Options	`ProceedsFromStockOptionsExercised`	$2.94M	USD	3 Qtrs
Excess Tax Benefit from Stock-Based Compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$3.75M	USD	3 Qtrs
Excess Tax Expense from Stock-Based Compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$769.00K	USD	3 Qtrs
Borrowings on Revolving Credit Facility	`ProceedsFromLinesOfCredit`	$26.00M	USD	3 Qtrs
Borrowings on Revolving Credit Facility	`ProceedsFromLinesOfCredit`	$39.00M	USD	3 Qtrs
Payments on Revolving Credit Facility	`RepaymentsOfLinesOfCredit`	$19.00M	USD	3 Qtrs
Payments on Revolving Credit Facility	`RepaymentsOfLinesOfCredit`	$26.00M	USD	3 Qtrs
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-46.58M	USD	3 Qtrs
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$18.94M	USD	3 Qtrs
Effect of Exchange Rates on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$512.00K	USD	3 Qtrs
Effect of Exchange Rates on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$61.00K	USD	3 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$33.52M	USD	3 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-69.85M	USD	3 Qtrs
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$53.80M	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`	$10.79M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$20.29M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$53.80M	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`	$10.79M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$20.29M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net (Loss) Income	`NetIncomeLoss`	$-36.61M	USD	3 Qtrs
Net (Loss) Income	`NetIncomeLoss`	$15.72M	USD	1 Quarter
Net (Loss) Income	`NetIncomeLoss`	$46.03M	USD	3 Qtrs
Net (Loss) Income	`NetIncomeLoss`	$-8.48M	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-234.00K	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-532.00K	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-714.00K	USD	3 Qtrs
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$157.00K	USD	3 Qtrs
Comprehensive (Loss) Income	`ComprehensiveIncomeNetOfTax`	$46.18M	USD	3 Qtrs
Comprehensive (Loss) Income	`ComprehensiveIncomeNetOfTax`	$15.49M	USD	1 Quarter
Comprehensive (Loss) Income	`ComprehensiveIncomeNetOfTax`	$-37.32M	USD	3 Qtrs
Comprehensive (Loss) Income	`ComprehensiveIncomeNetOfTax`	$-9.01M	USD	1 Quarter

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