10-Q Filing

LL FLOORING HOLDINGS, INC. CIK: 1396033 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001144204-16-130347`
Period End Date	20160930
Filing Date	20161031
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	ll-20160930.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
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	27.09M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.70M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.29M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	27.25M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.79M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$53.80M	USD	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	2.82M	shares	Point-in-time
Merchandise Inventories	`InventoryNet`	$253.37M	USD	Point-in-time
Merchandise Inventories	`InventoryNet`	$244.40M	USD	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	2.85M	shares	Point-in-time
Insurance Receivable	`InsuranceSettlementsReceivableCurrent`	$28.50M	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$5.93M	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$7.20M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$44.70M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$45.75M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$342.56M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$322.79M	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$122.00M	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$116.64M	USD	Point-in-time
Goodwill	`Goodwill`	$9.69M	USD	Point-in-time
Goodwill	`Goodwill`	$9.69M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$1.72M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$2.58M	USD	Point-in-time
Total Assets	`Assets`	$456.20M	USD	Point-in-time
Total Assets	`Assets`	$471.48M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$75.10M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$55.25M	USD	Point-in-time
Customer Deposits and Store Credits	`CustomerDepositsAndStoreCredits`	$33.77M	USD	Point-in-time
Customer Deposits and Store Credits	`CustomerDepositsAndStoreCredits`	$32.61M	USD	Point-in-time
Accrued Compensation	`EmployeeRelatedLiabilitiesCurrent`	$6.06M	USD	Point-in-time
Accrued Compensation	`EmployeeRelatedLiabilitiesCurrent`	$8.71M	USD	Point-in-time
Accrued Securities Class Action	`LitigationReserveCurrent`	$45.67M	USD	Point-in-time
Sales and Income Tax Liabilities	`TaxesPayableCurrent`	$4.50M	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`	$28.16M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$127.74M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$194.73M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$20.25M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$21.50M	USD	Point-in-time
Deferred Tax Liability	`DeferredTaxLiabilitiesNoncurrent`	$10.64M	USD	Point-in-time
Deferred Tax Liability	`DeferredTaxLiabilitiesNoncurrent`	$16.59M	USD	Point-in-time
Revolving Credit Facility	`LongTermLineOfCredit`	$20.00M	USD	Point-in-time
Revolving Credit Facility	`LongTermLineOfCredit`	$20.00M	USD	Point-in-time
Total Liabilities	`Liabilities`	$178.63M	USD	Point-in-time
Total Liabilities	`Liabilities`	$252.83M	USD	Point-in-time
Common Stock ($0.001 par value; 35,000,000 shares authorized; 27,245,426 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; 27,245,426 and 27,088,460 shares outstanding, respectively)	`CommonStockValue`	$30.00K	USD	Point-in-time
Treasury Stock, at cost (2,853,492 and 2,824,814 shares, respectively)	`TreasuryStockValue`	$139.41M	USD	Point-in-time
Treasury Stock, at cost (2,853,492 and 2,824,814 shares, respectively)	`TreasuryStockValue`	$138.99M	USD	Point-in-time
Additional Capital	`AdditionalPaidInCapitalCommonStock`	$184.87M	USD	Point-in-time
Additional Capital	`AdditionalPaidInCapitalCommonStock`	$180.59M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$174.53M	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`	$-1.37M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$277.57M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$218.65M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$456.20M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$471.48M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueNet`	$236.06M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$244.08M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$715.69M	USD	3 Qtrs
Net Sales	`SalesRevenueNet`	$743.97M	USD	3 Qtrs
Cost of Sales	`CostOfGoodsAndServicesSold`	$167.39M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$165.07M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$519.08M	USD	3 Qtrs
Cost of Sales	`CostOfGoodsAndServicesSold`	$492.31M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$223.38M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$76.69M	USD	1 Quarter
Gross Profit	`GrossProfit`	$71.00M	USD	1 Quarter
Gross Profit	`GrossProfit`	$224.89M	USD	3 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$100.66M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$88.33M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$276.56M	USD	3 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$307.80M	USD	3 Qtrs
Operating Income (Loss)	`OperatingIncomeLoss`	$-51.67M	USD	3 Qtrs
Operating Income (Loss)	`OperatingIncomeLoss`	$-23.97M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$-84.42M	USD	3 Qtrs
Operating Income (Loss)	`OperatingIncomeLoss`	$-17.34M	USD	1 Quarter
Other Expense	`OtherNonoperatingExpense`	$56.00K	USD	1 Quarter
Other Expense	`OtherNonoperatingExpense`	$137.00K	USD	3 Qtrs
Other Expense	`OtherNonoperatingExpense`	$450.00K	USD	3 Qtrs
Other Expense	`OtherNonoperatingExpense`	$168.00K	USD	1 Quarter
Income (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-17.39M	USD	1 Quarter
Income (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-51.81M	USD	3 Qtrs
Income (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-24.14M	USD	1 Quarter
Income (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-84.86M	USD	3 Qtrs
Income Tax Expense (Benefit)	`IncomeTaxExpenseBenefit`	$-15.20M	USD	3 Qtrs
Income Tax Expense (Benefit)	`IncomeTaxExpenseBenefit`	$-8.91M	USD	1 Quarter
Income Tax Expense (Benefit)	`IncomeTaxExpenseBenefit`	$-5.70M	USD	1 Quarter
Income Tax Expense (Benefit)	`IncomeTaxExpenseBenefit`	$-21.80M	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-18.44M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-36.61M	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-63.07M	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-8.48M	USD	1 Quarter
Net Income (Loss) per Common Share-Basic	`EarningsPerShareBasic`	$-1.35	USD	3 Qtrs
Net Income (Loss) per Common Share-Basic	`EarningsPerShareBasic`	$-2.32	USD	3 Qtrs
Net Income (Loss) per Common Share-Basic	`EarningsPerShareBasic`	$-0.31	USD	1 Quarter
Net Income (Loss) per Common Share-Basic	`EarningsPerShareBasic`	$-0.68	USD	1 Quarter
Net Income (Loss) per Common Share-Diluted	`EarningsPerShareDiluted`	$-0.31	USD	1 Quarter
Net Income (Loss) per Common Share-Diluted	`EarningsPerShareDiluted`	$-0.68	USD	1 Quarter
Net Income (Loss) per Common Share-Diluted	`EarningsPerShareDiluted`	$-1.35	USD	3 Qtrs
Net Income (Loss) per Common Share-Diluted	`EarningsPerShareDiluted`	$-2.32	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.13M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.08M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.20M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.09M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.13M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.08M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.20M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.09M	shares	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$-18.44M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-36.61M	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-63.07M	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-8.48M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$13.18M	USD	3 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$13.09M	USD	3 Qtrs
Stock-Based Compensation Expense	`ShareBasedCompensation`	$4.48M	USD	3 Qtrs
Stock-Based Compensation Expense	`ShareBasedCompensation`	$1.88M	USD	3 Qtrs
Stock-Based Portion of Provision for Securities Class Action	`OtherNoncashExpense`	$19.67M	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`	$9.71M	USD	3 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-23.70M	USD	3 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$19.87M	USD	3 Qtrs
Customer Deposits and Store Credits	`IncreaseDecreaseInCustomerDepositsAndStoreCredits`	$-1.08M	USD	3 Qtrs
Customer Deposits and Store Credits	`IncreaseDecreaseInCustomerDepositsAndStoreCredits`	$-964.00K	USD	3 Qtrs
Prepaid Expenses and Other Current Assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$11.70M	USD	3 Qtrs
Prepaid Expenses and Other Current Assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$28.70M	USD	3 Qtrs
Other Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-35.14M	USD	3 Qtrs
Other Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-15.41M	USD	3 Qtrs
Net Cash (Used in) Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$33.21M	USD	3 Qtrs
Net Cash (Used in) Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-10.22M	USD	3 Qtrs
Purchases of Property and Equipment	`PaymentsToAcquirePropertyAndEquipment`	$8.27M	USD	3 Qtrs
Purchases of Property and Equipment	`PaymentsToAcquirePropertyAndEquipment`	$19.47M	USD	3 Qtrs
Other Investing Activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-575.00K	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-7.69M	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-19.47M	USD	3 Qtrs
Borrowings on Revolving Credit Facility	`ProceedsFromLinesOfCredit`	$39.00M	USD	3 Qtrs
Borrowings on Revolving Credit Facility	`ProceedsFromLinesOfCredit`	$17.00M	USD	3 Qtrs
Payments on Revolving Credit Facility	`RepaymentsOfLinesOfCredit`	$17.00M	USD	3 Qtrs
Payments on Revolving Credit Facility	`RepaymentsOfLinesOfCredit`	$19.00M	USD	3 Qtrs
Payments for Debt Issuance Costs	`PaymentsOfDebtIssuanceCosts`	$931.00K	USD	3 Qtrs
Other Financing Activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$125.00K	USD	3 Qtrs
Other Financing Activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-287.00K	USD	3 Qtrs
Net Cash (Used in) Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-806.00K	USD	3 Qtrs
Net Cash (Used in) Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$19.71M	USD	3 Qtrs
Effect of Exchange Rates on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$61.00K	USD	3 Qtrs
Effect of Exchange Rates on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$806.00K	USD	3 Qtrs
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-17.91M	USD	3 Qtrs
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$33.52M	USD	3 Qtrs
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, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$8.79M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$53.80M	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
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$8.79M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$53.80M	USD	Point-in-time

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$-18.44M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-36.61M	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-63.07M	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-8.48M	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-44.00K	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-714.00K	USD	3 Qtrs
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-532.00K	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$295.00K	USD	3 Qtrs
Total Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-714.00K	USD	3 Qtrs
Total Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-44.00K	USD	1 Quarter
Total Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-532.00K	USD	1 Quarter
Total Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$295.00K	USD	3 Qtrs
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-62.77M	USD	3 Qtrs
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-37.32M	USD	3 Qtrs
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-18.48M	USD	1 Quarter
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-9.01M	USD	1 Quarter

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