10-Q Filing

LL FLOORING HOLDINGS, INC. CIK: 1396033 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001144204-16-100086`
Period End Date	20160331
Filing Date	20160510
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	ll-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 26 Cash Flow Statement 43 Comprehensive Income 8

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
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`	27.09M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	27.10M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$43.89M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.97M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.70M	USD	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	2.83M	shares	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	2.82M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.29M	USD	Point-in-time
Merchandise Inventories	`InventoryNet`	$240.01M	USD	Point-in-time
Merchandise Inventories	`InventoryNet`	$244.40M	USD	Point-in-time
Insurance Receivable	`InsuranceSettlementsReceivableCurrent`	$28.50M	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$7.02M	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$5.93M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$45.75M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$50.87M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$348.37M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$322.79M	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$119.17M	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$122.00M	USD	Point-in-time
Goodwill	`Goodwill`	$9.69M	USD	Point-in-time
Goodwill	`Goodwill`	$9.69M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$1.74M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$1.72M	USD	Point-in-time
Total Assets	`Assets`	$456.20M	USD	Point-in-time
Total Assets	`Assets`	$478.97M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$52.17M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$55.25M	USD	Point-in-time
Customer Deposits and Store Credits	`CustomerDepositsAndStoreCredits`	$33.70M	USD	Point-in-time
Customer Deposits and Store Credits	`CustomerDepositsAndStoreCredits`	$33.77M	USD	Point-in-time
Accrued Compensation	`EmployeeRelatedLiabilitiesCurrent`	$6.06M	USD	Point-in-time
Accrued Compensation	`EmployeeRelatedLiabilitiesCurrent`	$9.22M	USD	Point-in-time
Accrued Securities Class Action	`LitigationReserveCurrent`	$42.02M	USD	Point-in-time
Sales and Income Tax Liabilities	`TaxesPayableCurrent`	$3.91M	USD	Point-in-time
Sales and Income Tax Liabilities	`TaxesPayableCurrent`	$4.58M	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$28.75M	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$36.37M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$178.06M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$127.74M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$20.25M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$16.88M	USD	Point-in-time
Deferred Tax Liability	`DeferredTaxLiabilitiesNoncurrent`	$10.64M	USD	Point-in-time
Deferred Tax Liability	`DeferredTaxLiabilitiesNoncurrent`	$12.39M	USD	Point-in-time
Revolving Credit Facility	`LongTermLineOfCredit`	$20.00M	USD	Point-in-time
Revolving Credit Facility	`LongTermLineOfCredit`	$25.00M	USD	Point-in-time
Total Liabilities	`Liabilities`	$232.33M	USD	Point-in-time
Total Liabilities	`Liabilities`	$178.63M	USD	Point-in-time
Common Stock ($0.001 par value; 35,000,000 shares authorized; 27,101,481 and 27,088,460 shares outstanding, respectively)	`CommonStockValue`	$30.00K	USD	Point-in-time
Common Stock ($0.001 par value; 35,000,000 shares authorized; 27,101,481 and 27,088,460 shares outstanding, respectively)	`CommonStockValue`	$30.00K	USD	Point-in-time
Treasury Stock, at cost (2,831,524 and 2,824,814 shares, respectively)	`TreasuryStockValue`	$138.99M	USD	Point-in-time
Treasury Stock, at cost (2,831,524 and 2,824,814 shares, respectively)	`TreasuryStockValue`	$139.07M	USD	Point-in-time
Additional Capital	`AdditionalPaidInCapitalCommonStock`	$180.59M	USD	Point-in-time
Additional Capital	`AdditionalPaidInCapitalCommonStock`	$181.82M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$205.20M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$237.60M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.67M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.35M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$246.64M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$277.57M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$456.20M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$478.97M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueNet`	$233.51M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$259.96M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$157.40M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$168.35M	USD	1 Quarter
Gross Profit	`GrossProfit`	$91.61M	USD	1 Quarter
Gross Profit	`GrossProfit`	$76.11M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$97.68M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$117.24M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$-41.13M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$-6.07M	USD	1 Quarter
Other Expense	`OtherNonoperatingExpense`	$151.00K	USD	1 Quarter
Other Expense	`OtherNonoperatingExpense`	$16.00K	USD	1 Quarter
Income (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-6.08M	USD	1 Quarter
Income (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-41.28M	USD	1 Quarter
Income Tax Expense (Benefit)	`IncomeTaxExpenseBenefit`	$-8.88M	USD	1 Quarter
Income Tax Expense (Benefit)	`IncomeTaxExpenseBenefit`	$1.70M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-7.78M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-32.40M	USD	1 Quarter
Net Income (Loss) per Common Share-Basic	`EarningsPerShareBasic`	$-0.29	USD	1 Quarter
Net Income (Loss) per Common Share-Basic	`EarningsPerShareBasic`	$-1.20	USD	1 Quarter
Net Income (Loss) per Common Share-Diluted	`EarningsPerShareDiluted`	$-1.20	USD	1 Quarter
Net Income (Loss) per Common Share-Diluted	`EarningsPerShareDiluted`	$-0.29	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.09M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.07M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.09M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.07M	shares	1 Quarter

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$-7.78M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-32.40M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$4.17M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$4.52M	USD	1 Quarter
Stock-Based Compensation Expense	`ShareBasedCompensation`	$1.33M	USD	1 Quarter
Stock-Based Compensation Expense	`ShareBasedCompensation`	$1.67M	USD	1 Quarter
Loss on Accrued Securities Class Action	`OtherNoncashExpense`	$16.02M	USD	1 Quarter
Merchandise Inventories	`IncreaseDecreaseInInventories`	$-12.66M	USD	1 Quarter
Merchandise Inventories	`IncreaseDecreaseInInventories`	$-3.58M	USD	1 Quarter
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-2.92M	USD	1 Quarter
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-15.46M	USD	1 Quarter
Customer Deposits and Store Credits	`IncreaseDecreaseInCustomerDepositsAndStoreCredits`	$23.00K	USD	1 Quarter
Customer Deposits and Store Credits	`IncreaseDecreaseInCustomerDepositsAndStoreCredits`	$-671.00K	USD	1 Quarter
Prepaid Expenses and Other Current Assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$34.12M	USD	1 Quarter
Prepaid Expenses and Other Current Assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.45M	USD	1 Quarter
Other Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-16.38M	USD	1 Quarter
Other Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-35.43M	USD	1 Quarter
Net Cash (Used in) Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$13.08M	USD	1 Quarter
Net Cash (Used in) Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-8.20M	USD	1 Quarter
Purchases of Property and Equipment	`PaymentsToAcquirePropertyAndEquipment`	$2.41M	USD	1 Quarter
Purchases of Property and Equipment	`PaymentsToAcquirePropertyAndEquipment`	$8.98M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.41M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-8.98M	USD	1 Quarter
Borrowings on Revolving Credit Facility	`ProceedsFromLinesOfCredit`	$39.00M	USD	1 Quarter
Borrowings on Revolving Credit Facility	`ProceedsFromLinesOfCredit`	$10.00M	USD	1 Quarter
Payments on Revolving Credit Facility	`RepaymentsOfLinesOfCredit`	$5.00M	USD	1 Quarter
Payments on Revolving Credit Facility	`RepaymentsOfLinesOfCredit`	$19.00M	USD	1 Quarter
Other Financing Activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-80.00K	USD	1 Quarter
Other Financing Activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-261.00K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$4.92M	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$19.74M	USD	1 Quarter
Effect of Exchange Rates on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-236.00K	USD	1 Quarter
Effect of Exchange Rates on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$958.00K	USD	1 Quarter
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$23.60M	USD	1 Quarter
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.73M	USD	1 Quarter
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$43.89M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$21.97M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$26.70M	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`	$43.89M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$21.97M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$26.70M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$20.29M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$-7.78M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-32.40M	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$317.00K	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-345.00K	USD	1 Quarter
Total Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-345.00K	USD	1 Quarter
Total Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$317.00K	USD	1 Quarter
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-32.09M	USD	1 Quarter
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-8.12M	USD	1 Quarter

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