10-Q Filing

LL FLOORING HOLDINGS, INC. CIK: 1396033 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001144204-17-023748`
Period End Date	20170331
Filing Date	20170502
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	ll-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 26 Cash Flow Statement 45 Comprehensive Income 8

Balance Sheet 66 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`	$10.27M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	31.10M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.97M	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
Common Stock, shares issued	`CommonStockSharesIssued`	31.26M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	28.38M	shares	Point-in-time
Merchandise Inventories	`InventoryNet`	$301.89M	USD	Point-in-time
Merchandise Inventories	`InventoryNet`	$301.33M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	28.25M	shares	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	2.87M	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$5.37M	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$6.32M	USD	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	2.85M	shares	Point-in-time
Refundable Income Taxes	`IncomeTaxesReceivable`	$31.43M	USD	Point-in-time
Refundable Income Taxes	`IncomeTaxesReceivable`	$31.17M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$5.35M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$3.90M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$354.31M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$353.69M	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$112.09M	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$115.00M	USD	Point-in-time
Goodwill	`Goodwill`	$9.69M	USD	Point-in-time
Goodwill	`Goodwill`	$9.69M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$3.52M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$3.54M	USD	Point-in-time
Total Assets	`Assets`	$479.00M	USD	Point-in-time
Total Assets	`Assets`	$482.54M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$87.38M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$120.65M	USD	Point-in-time
Customer Deposits and Store Credits	`CustomerDepositsAndStoreCredits`	$32.64M	USD	Point-in-time
Customer Deposits and Store Credits	`CustomerDepositsAndStoreCredits`	$42.13M	USD	Point-in-time
Accrued Compensation	`EmployeeRelatedLiabilitiesCurrent`	$9.19M	USD	Point-in-time
Accrued Compensation	`EmployeeRelatedLiabilitiesCurrent`	$6.95M	USD	Point-in-time
Sales and Income Tax Liabilities	`TaxesPayableCurrent`	$4.25M	USD	Point-in-time
Sales and Income Tax Liabilities	`TaxesPayableCurrent`	$5.20M	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$19.98M	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$36.24M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$186.71M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$177.88M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$18.98M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$21.14M	USD	Point-in-time
Deferred Tax Liability	`DeferredTaxLiabilitiesNoncurrent`	$4.00M	USD	Point-in-time
Deferred Tax Liability	`DeferredTaxLiabilitiesNoncurrent`	$3.80M	USD	Point-in-time
Revolving Credit Facility	`LongTermLineOfCredit`	$72.00M	USD	Point-in-time
Revolving Credit Facility	`LongTermLineOfCredit`	$40.00M	USD	Point-in-time
Total Liabilities	`Liabilities`	$272.86M	USD	Point-in-time
Total Liabilities	`Liabilities`	$251.65M	USD	Point-in-time
Common Stock ($0.001 par value; 35,000,000 shares authorized; 31,258,368 and 31,102,436 shares issued and 28,384,125 and 28,248,606 shares outstanding, respectively)	`CommonStockValue`	$31.00K	USD	Point-in-time
Common Stock ($0.001 par value; 35,000,000 shares authorized; 31,258,368 and 31,102,436 shares issued and 28,384,125 and 28,248,606 shares outstanding, respectively)	`CommonStockValue`	$31.00K	USD	Point-in-time
Treasury Stock, at cost (2,874,243 and 2,853,830 shares, respectively)	`TreasuryStockValue`	$139.42M	USD	Point-in-time
Treasury Stock, at cost (2,874,243 and 2,853,830 shares, respectively)	`TreasuryStockValue`	$139.79M	USD	Point-in-time
Additional Capital	`AdditionalPaidInCapitalCommonStock`	$202.70M	USD	Point-in-time
Additional Capital	`AdditionalPaidInCapitalCommonStock`	$204.65M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$169.04M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$142.66M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.46M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.42M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$206.13M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$230.89M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$479.00M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$482.54M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueNet`	$248.39M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$233.51M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$157.40M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$161.59M	USD	1 Quarter
Gross Profit	`GrossProfit`	$86.80M	USD	1 Quarter
Gross Profit	`GrossProfit`	$76.11M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$112.21M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$117.24M	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-25.41M	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-41.13M	USD	1 Quarter
Other Expense	`OtherNonoperatingExpense`	$512.00K	USD	1 Quarter
Other Expense	`OtherNonoperatingExpense`	$151.00K	USD	1 Quarter
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-25.93M	USD	1 Quarter
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`	$445.00K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-32.40M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-26.37M	USD	1 Quarter
Net Loss per Common Share-Basic	`EarningsPerShareBasic`	$-0.93	USD	1 Quarter
Net Loss per Common Share-Basic	`EarningsPerShareBasic`	$-1.20	USD	1 Quarter
Net Loss per Common Share-Diluted	`EarningsPerShareDiluted`	$-1.20	USD	1 Quarter
Net Loss per Common Share-Diluted	`EarningsPerShareDiluted`	$-0.93	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.09M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	28.29M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.09M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.29M	shares	1 Quarter

Cash Flow Statement 45 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-32.40M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-26.37M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$4.33M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$4.52M	USD	1 Quarter
Stock-Based Compensation Expense	`ShareBasedCompensation`	$1.67M	USD	1 Quarter
Stock-Based Compensation Expense	`ShareBasedCompensation`	$1.26M	USD	1 Quarter
Stock-Based Portion of Provision for Securities Class Action	`OtherNoncashExpense`	$16.02M	USD	1 Quarter
Merchandise Inventories	`IncreaseDecreaseInInventories`	$-3.58M	USD	1 Quarter
Merchandise Inventories	`IncreaseDecreaseInInventories`	$298.00K	USD	1 Quarter
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-32.03M	USD	1 Quarter
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-2.92M	USD	1 Quarter
Customer Deposits and Store Credits	`IncreaseDecreaseInCustomerDepositsAndStoreCredits`	$9.59M	USD	1 Quarter
Customer Deposits and Store Credits	`IncreaseDecreaseInCustomerDepositsAndStoreCredits`	$23.00K	USD	1 Quarter
Prepaid Expenses and Other Current Assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$34.12M	USD	1 Quarter
Prepaid Expenses and Other Current Assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-733.00K	USD	1 Quarter
Other Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-35.43M	USD	1 Quarter
Other Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-13.03M	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-29.76M	USD	1 Quarter
Net Cash Used in 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`	$2.50M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.50M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.41M	USD	1 Quarter
Proceeds from the Exercise of Stock Options	`ProceedsFromStockOptionsExercised`	$815.00K	USD	1 Quarter
Payments on Capital Lease Obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$114.00K	USD	1 Quarter
Borrowings on Revolving Credit Facility	`ProceedsFromLinesOfCredit`	$10.00M	USD	1 Quarter
Borrowings on Revolving Credit Facility	`ProceedsFromLinesOfCredit`	$35.00M	USD	1 Quarter
Payments on Revolving Credit Facility	`RepaymentsOfLinesOfCredit`	$5.00M	USD	1 Quarter
Payments on Revolving Credit Facility	`RepaymentsOfLinesOfCredit`	$3.00M	USD	1 Quarter
Other Financing Activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-80.00K	USD	1 Quarter
Other Financing Activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-371.00K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$4.92M	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$32.33M	USD	1 Quarter
Effect of Exchange Rates on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$958.00K	USD	1 Quarter
Effect of Exchange Rates on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$631.00K	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.73M	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$700.00K	USD	1 Quarter
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$10.27M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$10.97M	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, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$10.27M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$10.97M	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

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-32.40M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-26.37M	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$32.00K	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$317.00K	USD	1 Quarter
Total Other Comprehensive Income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$317.00K	USD	1 Quarter
Total Other Comprehensive Income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$32.00K	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-32.09M	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-26.34M	USD	1 Quarter

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