10-Q Filing

LL FLOORING HOLDINGS, INC. CIK: 1396033 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001144204-16-114575`
Period End Date	20160630
Filing Date	20160727
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	ll-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 52 Cash Flow Statement 49 Comprehensive Income 16

Balance Sheet 64 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`	$12.73M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.27M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.70M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	27.14M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	27.09M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.29M	USD	Point-in-time
Merchandise Inventories	`InventoryNet`	$244.40M	USD	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	2.82M	shares	Point-in-time
Merchandise Inventories	`InventoryNet`	$254.94M	USD	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	2.83M	shares	Point-in-time
Insurance Receivable	`InsuranceSettlementsReceivableCurrent`	$28.50M	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$7.12M	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`	$56.73M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$322.79M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$360.02M	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$116.95M	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`	$1.71M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$1.72M	USD	Point-in-time
Total Assets	`Assets`	$488.37M	USD	Point-in-time
Total Assets	`Assets`	$456.20M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$55.25M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$72.40M	USD	Point-in-time
Customer Deposits and Store Credits	`CustomerDepositsAndStoreCredits`	$31.00M	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`	$9.35M	USD	Point-in-time
Accrued Securities Class Action	`LitigationReserveCurrent`	$41.42M	USD	Point-in-time
Sales and Income Tax Liabilities	`TaxesPayableCurrent`	$3.64M	USD	Point-in-time
Sales and Income Tax Liabilities	`TaxesPayableCurrent`	$3.91M	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$28.75M	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$28.99M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$186.79M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$127.74M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$21.85M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$20.25M	USD	Point-in-time
Deferred Tax Liability	`DeferredTaxLiabilitiesNoncurrent`	$10.64M	USD	Point-in-time
Deferred Tax Liability	`DeferredTaxLiabilitiesNoncurrent`	$11.81M	USD	Point-in-time
Revolving Credit Facility	`LongTermLineOfCredit`	$20.00M	USD	Point-in-time
Revolving Credit Facility	`LongTermLineOfCredit`	$32.00M	USD	Point-in-time
Total Liabilities	`Liabilities`	$178.63M	USD	Point-in-time
Total Liabilities	`Liabilities`	$252.44M	USD	Point-in-time
Common Stock ($0.001 par value; 35,000,000 shares authorized; 27,142,069 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; 27,142,069 and 27,088,460 shares outstanding, respectively)	`CommonStockValue`	$30.00K	USD	Point-in-time
Treasury Stock, at cost (2,832,057 and 2,824,814 shares, respectively)	`TreasuryStockValue`	$139.07M	USD	Point-in-time
Treasury Stock, at cost (2,832,057 and 2,824,814 shares, respectively)	`TreasuryStockValue`	$138.99M	USD	Point-in-time
Additional Capital	`AdditionalPaidInCapitalCommonStock`	$180.59M	USD	Point-in-time
Additional Capital	`AdditionalPaidInCapitalCommonStock`	$183.33M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$237.60M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$192.97M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.67M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.33M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$277.57M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$235.93M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$456.20M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$488.37M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueNet`	$247.94M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$507.90M	USD	2 Qtrs
Net Sales	`SalesRevenueNet`	$238.09M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$471.61M	USD	2 Qtrs
Cost of Sales	`CostOfGoodsAndServicesSold`	$354.01M	USD	2 Qtrs
Cost of Sales	`CostOfGoodsAndServicesSold`	$324.91M	USD	2 Qtrs
Cost of Sales	`CostOfGoodsAndServicesSold`	$167.51M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$185.66M	USD	1 Quarter
Gross Profit	`GrossProfit`	$146.69M	USD	2 Qtrs
Gross Profit	`GrossProfit`	$70.58M	USD	1 Quarter
Gross Profit	`GrossProfit`	$62.28M	USD	1 Quarter
Gross Profit	`GrossProfit`	$153.90M	USD	2 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$188.23M	USD	2 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$89.90M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$207.14M	USD	2 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$90.55M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$-28.27M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$-60.44M	USD	2 Qtrs
Operating Income (Loss)	`OperatingIncomeLoss`	$-19.32M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$-34.34M	USD	2 Qtrs
Other Expense	`OtherNonoperatingExpense`	$131.00K	USD	1 Quarter
Other Expense	`OtherNonoperatingExpense`	$81.00K	USD	2 Qtrs
Other Expense	`OtherNonoperatingExpense`	$282.00K	USD	2 Qtrs
Other Expense	`OtherNonoperatingExpense`	$65.00K	USD	1 Quarter
Income (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-28.33M	USD	1 Quarter
Income (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-34.42M	USD	2 Qtrs
Income (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-60.73M	USD	2 Qtrs
Income (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-19.45M	USD	1 Quarter
Income Tax Expense (Benefit)	`IncomeTaxExpenseBenefit`	$-7.22M	USD	1 Quarter
Income Tax Expense (Benefit)	`IncomeTaxExpenseBenefit`	$-16.09M	USD	2 Qtrs
Income Tax Expense (Benefit)	`IncomeTaxExpenseBenefit`	$-6.29M	USD	2 Qtrs
Income Tax Expense (Benefit)	`IncomeTaxExpenseBenefit`	$-7.99M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-28.13M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-12.23M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-44.63M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-20.35M	USD	1 Quarter
Net Income (Loss) per Common Share-Basic	`EarningsPerShareBasic`	$-1.04	USD	2 Qtrs
Net Income (Loss) per Common Share-Basic	`EarningsPerShareBasic`	$-0.75	USD	1 Quarter
Net Income (Loss) per Common Share-Basic	`EarningsPerShareBasic`	$-1.65	USD	2 Qtrs
Net Income (Loss) per Common Share-Basic	`EarningsPerShareBasic`	$-0.45	USD	1 Quarter
Net Income (Loss) per Common Share-Diluted	`EarningsPerShareDiluted`	$-1.04	USD	2 Qtrs
Net Income (Loss) per Common Share-Diluted	`EarningsPerShareDiluted`	$-0.45	USD	1 Quarter
Net Income (Loss) per Common Share-Diluted	`EarningsPerShareDiluted`	$-0.75	USD	1 Quarter
Net Income (Loss) per Common Share-Diluted	`EarningsPerShareDiluted`	$-1.65	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.11M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.08M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.08M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.10M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.10M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.08M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.08M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.11M	shares	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$-28.13M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-12.23M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-44.63M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-20.35M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$8.87M	USD	2 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$8.76M	USD	2 Qtrs
Stock-Based Compensation Expense	`ShareBasedCompensation`	$597.00K	USD	2 Qtrs
Stock-Based Compensation Expense	`ShareBasedCompensation`	$3.08M	USD	2 Qtrs
Stock-Based Portion of Provision for Securities Class Action	`OtherNoncashExpense`	$15.42M	USD	2 Qtrs
Impairment Charges	`AssetImpairmentCharges`	$5.35M	USD	2 Qtrs
Deconsolidation of Variable Interest Entity	`DeconsolidationOfVariableInterestEntity`	$1.46M	USD	2 Qtrs
Deconsolidation of Variable Interest Entity	`DeconsolidationOfVariableInterestEntity`	$1.46M	USD	1 Quarter
Merchandise Inventories	`IncreaseDecreaseInInventories`	$-46.87M	USD	2 Qtrs
Merchandise Inventories	`IncreaseDecreaseInInventories`	$11.31M	USD	2 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$16.86M	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`	$-2.69M	USD	2 Qtrs
Prepaid Expenses and Other Current Assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$40.64M	USD	2 Qtrs
Prepaid Expenses and Other Current Assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$7.32M	USD	2 Qtrs
Other Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-31.32M	USD	2 Qtrs
Other Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-15.72M	USD	2 Qtrs
Net Cash (Used in) Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$19.05M	USD	2 Qtrs
Net Cash (Used in) Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-23.73M	USD	2 Qtrs
Purchases of Property and Equipment	`PaymentsToAcquirePropertyAndEquipment`	$3.83M	USD	2 Qtrs
Purchases of Property and Equipment	`PaymentsToAcquirePropertyAndEquipment`	$14.25M	USD	2 Qtrs
Other Investing Activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-575.00K	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-3.26M	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-14.25M	USD	2 Qtrs
Borrowings on Revolving Credit Facility	`ProceedsFromLinesOfCredit`	$17.00M	USD	2 Qtrs
Borrowings on Revolving Credit Facility	`ProceedsFromLinesOfCredit`	$39.00M	USD	2 Qtrs
Payments on Revolving Credit Facility	`RepaymentsOfLinesOfCredit`	$5.00M	USD	2 Qtrs
Payments on Revolving Credit Facility	`RepaymentsOfLinesOfCredit`	$19.00M	USD	2 Qtrs
Other Financing Activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$114.00K	USD	2 Qtrs
Other Financing Activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-276.00K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$19.72M	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$12.11M	USD	2 Qtrs
Effect of Exchange Rates on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$455.00K	USD	2 Qtrs
Effect of Exchange Rates on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$899.00K	USD	2 Qtrs
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$24.98M	USD	2 Qtrs
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-13.97M	USD	2 Qtrs
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$12.73M	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`	$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`	$12.73M	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`	$26.70M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$20.29M	USD	Point-in-time

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$-28.13M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-12.23M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-44.63M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-20.35M	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$339.00K	USD	2 Qtrs
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$163.00K	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$22.00K	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-182.00K	USD	2 Qtrs
Total Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$22.00K	USD	1 Quarter
Total Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$339.00K	USD	2 Qtrs
Total Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$163.00K	USD	1 Quarter
Total Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-182.00K	USD	2 Qtrs
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-28.31M	USD	2 Qtrs
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-20.18M	USD	1 Quarter
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-44.29M	USD	2 Qtrs
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-12.21M	USD	1 Quarter

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