10-Q Filing

LL FLOORING HOLDINGS, INC. CIK: 1396033 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001144204-17-039349`
Period End Date	20170630
Filing Date	20170801
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	ll-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 52 Cash Flow Statement 50 Comprehensive Income 16

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
Common Stock, shares issued	`CommonStockSharesIssued`	31.30M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.27M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.70M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	31.10M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.64M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.73M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	28.41M	shares	Point-in-time
Merchandise Inventories	`InventoryNet`	$275.14M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	28.25M	shares	Point-in-time
Merchandise Inventories	`InventoryNet`	$301.89M	USD	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	2.85M	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$5.37M	USD	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	2.88M	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$9.82M	USD	Point-in-time
Refundable Income Taxes	`IncomeTaxesReceivable`	$31.43M	USD	Point-in-time
Refundable Income Taxes	`IncomeTaxesReceivable`	$29.62M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$5.35M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$2.87M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$325.08M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$354.31M	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$115.00M	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$108.70M	USD	Point-in-time
Goodwill	`Goodwill`	$9.69M	USD	Point-in-time
Goodwill	`Goodwill`	$9.69M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$5.39M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$3.54M	USD	Point-in-time
Total Assets	`Assets`	$482.54M	USD	Point-in-time
Total Assets	`Assets`	$448.87M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$120.65M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$67.57M	USD	Point-in-time
Customer Deposits and Store Credits	`CustomerDepositsAndStoreCredits`	$32.64M	USD	Point-in-time
Customer Deposits and Store Credits	`CustomerDepositsAndStoreCredits`	$38.16M	USD	Point-in-time
Accrued Compensation	`EmployeeRelatedLiabilitiesCurrent`	$9.19M	USD	Point-in-time
Accrued Compensation	`EmployeeRelatedLiabilitiesCurrent`	$8.11M	USD	Point-in-time
Sales and Income Tax Liabilities	`TaxesPayableCurrent`	$4.20M	USD	Point-in-time
Sales and Income Tax Liabilities	`TaxesPayableCurrent`	$4.25M	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$40.62M	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$19.98M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$186.71M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$158.67M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$18.60M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$21.14M	USD	Point-in-time
Deferred Tax Liability	`DeferredTaxLiabilitiesNoncurrent`	$3.80M	USD	Point-in-time
Deferred Tax Liability	`DeferredTaxLiabilitiesNoncurrent`	$2.79M	USD	Point-in-time
Revolving Credit Facility	`LongTermLineOfCredit`	$57.00M	USD	Point-in-time
Revolving Credit Facility	`LongTermLineOfCredit`	$40.00M	USD	Point-in-time
Total Liabilities	`Liabilities`	$237.06M	USD	Point-in-time
Total Liabilities	`Liabilities`	$251.65M	USD	Point-in-time
Common Stock ($0.001 par value; 35,000 shares authorized; 31,297 and 31,102 shares issued and 28,414 and 28,249 shares outstanding, respectively)	`CommonStockValue`	$31.00K	USD	Point-in-time
Common Stock ($0.001 par value; 35,000 shares authorized; 31,297 and 31,102 shares issued and 28,414 and 28,249 shares outstanding, respectively)	`CommonStockValue`	$31.00K	USD	Point-in-time
Treasury Stock, at cost (2,883 and 2,853 shares, respectively)	`TreasuryStockValue`	$139.42M	USD	Point-in-time
Treasury Stock, at cost (2,883 and 2,853 shares, respectively)	`TreasuryStockValue`	$140.04M	USD	Point-in-time
Additional Capital	`AdditionalPaidInCapitalCommonStock`	$202.70M	USD	Point-in-time
Additional Capital	`AdditionalPaidInCapitalCommonStock`	$206.03M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$169.04M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$147.14M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.46M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.34M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$230.89M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$211.81M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$482.54M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$448.87M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueNet`	$511.89M	USD	2 Qtrs
Net Sales	`SalesRevenueNet`	$238.09M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$471.61M	USD	2 Qtrs
Net Sales	`SalesRevenueNet`	$263.50M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$166.04M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$167.51M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$324.91M	USD	2 Qtrs
Cost of Sales	`CostOfGoodsAndServicesSold`	$327.63M	USD	2 Qtrs
Gross Profit	`GrossProfit`	$146.69M	USD	2 Qtrs
Gross Profit	`GrossProfit`	$70.58M	USD	1 Quarter
Gross Profit	`GrossProfit`	$184.25M	USD	2 Qtrs
Gross Profit	`GrossProfit`	$97.46M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$204.55M	USD	2 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$207.14M	USD	2 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$89.90M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$92.34M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$5.12M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$-19.32M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$-20.30M	USD	2 Qtrs
Operating Income (Loss)	`OperatingIncomeLoss`	$-60.44M	USD	2 Qtrs
Other Expense	`OtherNonoperatingExpense`	$131.00K	USD	1 Quarter
Other Expense	`OtherNonoperatingExpense`	$1.03M	USD	2 Qtrs
Other Expense	`OtherNonoperatingExpense`	$282.00K	USD	2 Qtrs
Other Expense	`OtherNonoperatingExpense`	$516.00K	USD	1 Quarter
Income (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-60.73M	USD	2 Qtrs
Income (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-19.45M	USD	1 Quarter
Income (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.60M	USD	1 Quarter
Income (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-21.32M	USD	2 Qtrs
Income Tax Expense (Benefit)	`IncomeTaxExpenseBenefit`	$-16.09M	USD	2 Qtrs
Income Tax Expense (Benefit)	`IncomeTaxExpenseBenefit`	$-7.22M	USD	1 Quarter
Income Tax Expense (Benefit)	`IncomeTaxExpenseBenefit`	$129.00K	USD	1 Quarter
Income Tax Expense (Benefit)	`IncomeTaxExpenseBenefit`	$574.00K	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-21.90M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-12.23M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$4.47M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-44.63M	USD	2 Qtrs
Net Income (Loss) per Common Share-Basic	`EarningsPerShareBasic`	$0.16	USD	1 Quarter
Net Income (Loss) per Common Share-Basic	`EarningsPerShareBasic`	$-0.45	USD	1 Quarter
Net Income (Loss) per Common Share-Basic	`EarningsPerShareBasic`	$-1.65	USD	2 Qtrs
Net Income (Loss) per Common Share-Basic	`EarningsPerShareBasic`	$-0.77	USD	2 Qtrs
Net Income (Loss) per Common Share-Diluted	`EarningsPerShareDiluted`	$-1.65	USD	2 Qtrs
Net Income (Loss) per Common Share-Diluted	`EarningsPerShareDiluted`	$0.16	USD	1 Quarter
Net Income (Loss) per Common Share-Diluted	`EarningsPerShareDiluted`	$-0.77	USD	2 Qtrs
Net Income (Loss) per Common Share-Diluted	`EarningsPerShareDiluted`	$-0.45	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27,100.00	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27,108.00	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	28,394.00	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	28,342.00	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	28,342.00	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	28,697.00	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27,108.00	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27,100.00	shares	2 Qtrs

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$-21.90M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-12.23M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$4.47M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-44.63M	USD	2 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$8.87M	USD	2 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$8.72M	USD	2 Qtrs
Stock-Based Compensation Expense	`ShareBasedCompensation`	$3.08M	USD	2 Qtrs
Stock-Based Compensation Expense	`ShareBasedCompensation`	$2.47M	USD	2 Qtrs
Stock-Based Portion of Provision for Securities Class Action	`OtherNoncashExpense`	$15.42M	USD	2 Qtrs
Merchandise Inventories	`IncreaseDecreaseInInventories`	$-25.94M	USD	2 Qtrs
Merchandise Inventories	`IncreaseDecreaseInInventories`	$11.31M	USD	2 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-51.60M	USD	2 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$16.86M	USD	2 Qtrs
Customer Deposits and Store Credits	`IncreaseDecreaseInCustomerDepositsAndStoreCredits`	$-2.69M	USD	2 Qtrs
Customer Deposits and Store Credits	`IncreaseDecreaseInCustomerDepositsAndStoreCredits`	$5.62M	USD	2 Qtrs
Prepaid Expenses and Other Current Assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.11M	USD	2 Qtrs
Prepaid Expenses and Other Current Assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$40.64M	USD	2 Qtrs
Accrual for Multidistrict Litigation	`IncreaseDecreaseInAccruedLiabilities`	$18.00M	USD	2 Qtrs
Other Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-31.32M	USD	2 Qtrs
Other Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$7.11M	USD	2 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-16.76M	USD	2 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-23.73M	USD	2 Qtrs
Purchases of Property and Equipment	`PaymentsToAcquirePropertyAndEquipment`	$3.85M	USD	2 Qtrs
Purchases of Property and Equipment	`PaymentsToAcquirePropertyAndEquipment`	$3.83M	USD	2 Qtrs
Other Investing Activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-250.00K	USD	2 Qtrs
Other Investing Activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-575.00K	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.60M	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.26M	USD	2 Qtrs
Borrowings on Revolving Credit Facility	`ProceedsFromLinesOfCredit`	$35.00M	USD	2 Qtrs
Borrowings on Revolving Credit Facility	`ProceedsFromLinesOfCredit`	$17.00M	USD	2 Qtrs
Payments on Revolving Credit Facility	`RepaymentsOfLinesOfCredit`	$18.00M	USD	2 Qtrs
Payments on Revolving Credit Facility	`RepaymentsOfLinesOfCredit`	$5.00M	USD	2 Qtrs
Payments on Capital Lease Obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$237.00K	USD	2 Qtrs
Other Financing Activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$321.00K	USD	2 Qtrs
Other Financing Activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$114.00K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$17.08M	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$12.11M	USD	2 Qtrs
Effect of Exchange Rates on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$899.00K	USD	2 Qtrs
Effect of Exchange Rates on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$637.00K	USD	2 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-13.97M	USD	2 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.63M	USD	2 Qtrs
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$10.27M	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`	$7.64M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$12.73M	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`	$26.70M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$7.64M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$12.73M	USD	Point-in-time
Installment payment of insurance premiums	`InstallmentPaymentOfInsurancePremiums`	$1.35M	USD	2 Qtrs

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$-21.90M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-12.23M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$4.47M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-44.63M	USD	2 Qtrs
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$112.00K	USD	2 Qtrs
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$22.00K	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$339.00K	USD	2 Qtrs
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$80.00K	USD	1 Quarter
Total Other Comprehensive Income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$22.00K	USD	1 Quarter
Total Other Comprehensive Income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$339.00K	USD	2 Qtrs
Total Other Comprehensive Income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$112.00K	USD	2 Qtrs
Total Other Comprehensive Income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$80.00K	USD	1 Quarter
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-44.29M	USD	2 Qtrs
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$4.55M	USD	1 Quarter
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-21.79M	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.