10-Q Filing

LL FLOORING HOLDINGS, INC. CIK: 1396033 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001144204-17-054901`
Period End Date	20170930
Filing Date	20171031
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	ll-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 52 Cash Flow Statement 54 Comprehensive Income 16

Balance Sheet 67 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`	$18.86M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	31.39M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.79M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.70M	USD	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
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	28.48M	shares	Point-in-time
Merchandise Inventories	`InventoryNet`	$301.89M	USD	Point-in-time
Merchandise Inventories	`InventoryNet`	$252.95M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	28.25M	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$5.37M	USD	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	2.90M	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$8.92M	USD	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	2.85M	shares	Point-in-time
Refundable Income Taxes	`IncomeTaxesReceivable`	$823.00K	USD	Point-in-time
Refundable Income Taxes	`IncomeTaxesReceivable`	$31.43M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$4.14M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$5.35M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$354.31M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$285.69M	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$115.00M	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$102.22M	USD	Point-in-time
Goodwill	`Goodwill`	$9.69M	USD	Point-in-time
Goodwill	`Goodwill`	$9.69M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$3.54M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$5.33M	USD	Point-in-time
Total Assets	`Assets`	$402.93M	USD	Point-in-time
Total Assets	`Assets`	$482.54M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$40.19M	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`	$39.84M	USD	Point-in-time
Accrued Compensation	`EmployeeRelatedLiabilitiesCurrent`	$9.19M	USD	Point-in-time
Accrued Compensation	`EmployeeRelatedLiabilitiesCurrent`	$10.85M	USD	Point-in-time
Sales and Income Tax Liabilities	`TaxesPayableCurrent`	$4.25M	USD	Point-in-time
Sales and Income Tax Liabilities	`TaxesPayableCurrent`	$6.24M	USD	Point-in-time
Accrual for Multidistrict Litigation	`LitigationReserveCurrent`	$36.00M	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$21.96M	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$19.98M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$155.08M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$186.71M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$19.09M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$21.14M	USD	Point-in-time
Deferred Tax Liability	`DeferredTaxLiabilitiesNoncurrent`	$3.00M	USD	Point-in-time
Deferred Tax Liability	`DeferredTaxLiabilitiesNoncurrent`	$3.80M	USD	Point-in-time
Revolving Credit Facility	`LongTermLineOfCredit`	$32.00M	USD	Point-in-time
Revolving Credit Facility	`LongTermLineOfCredit`	$40.00M	USD	Point-in-time
Total Liabilities	`Liabilities`	$209.17M	USD	Point-in-time
Total Liabilities	`Liabilities`	$251.65M	USD	Point-in-time
Common Stock ($0.001 par value; 35,000 shares authorized; 31,389 and 31,102 shares issued and 28,485 and 28,249 shares outstanding, respectively)	`CommonStockValue`	$31.00K	USD	Point-in-time
Common Stock ($0.001 par value; 35,000 shares authorized; 31,389 and 31,102 shares issued and 28,485 and 28,249 shares outstanding, respectively)	`CommonStockValue`	$31.00K	USD	Point-in-time
Treasury Stock, at cost (2,904 and 2,853 shares, respectively)	`TreasuryStockValue`	$140.78M	USD	Point-in-time
Treasury Stock, at cost (2,904 and 2,853 shares, respectively)	`TreasuryStockValue`	$139.42M	USD	Point-in-time
Additional Paid-in-Capital	`AdditionalPaidInCapitalCommonStock`	$207.45M	USD	Point-in-time
Additional Paid-in-Capital	`AdditionalPaidInCapitalCommonStock`	$202.70M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$128.22M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$169.04M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.46M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.16M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$193.76M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$230.89M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$402.93M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$482.54M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueNet`	$715.69M	USD	3 Qtrs
Net Sales	`SalesRevenueNet`	$769.07M	USD	3 Qtrs
Net Sales	`SalesRevenueNet`	$257.19M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$244.08M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$167.39M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$164.50M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$492.31M	USD	3 Qtrs
Cost of Sales	`CostOfGoodsAndServicesSold`	$492.13M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$276.94M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$223.38M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$76.69M	USD	1 Quarter
Gross Profit	`GrossProfit`	$92.69M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$307.80M	USD	3 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$109.96M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$100.66M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$314.51M	USD	3 Qtrs
Operating Loss	`OperatingIncomeLoss`	$-23.97M	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-37.57M	USD	3 Qtrs
Operating Loss	`OperatingIncomeLoss`	$-84.42M	USD	3 Qtrs
Operating Loss	`OperatingIncomeLoss`	$-17.28M	USD	1 Quarter
Other Expense	`OtherNonoperatingExpense`	$168.00K	USD	1 Quarter
Other Expense	`OtherNonoperatingExpense`	$1.41M	USD	3 Qtrs
Other Expense	`OtherNonoperatingExpense`	$450.00K	USD	3 Qtrs
Other Expense	`OtherNonoperatingExpense`	$377.00K	USD	1 Quarter
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-84.86M	USD	3 Qtrs
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-17.65M	USD	1 Quarter
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-38.98M	USD	3 Qtrs
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-24.14M	USD	1 Quarter
Income Tax Expense (Benefit)	`IncomeTaxExpenseBenefit`	$-21.80M	USD	3 Qtrs
Income Tax Expense (Benefit)	`IncomeTaxExpenseBenefit`	$-5.70M	USD	1 Quarter
Income Tax Expense (Benefit)	`IncomeTaxExpenseBenefit`	$1.26M	USD	1 Quarter
Income Tax Expense (Benefit)	`IncomeTaxExpenseBenefit`	$1.84M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-18.91M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-40.81M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-63.07M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-18.44M	USD	1 Quarter
Net Loss per Common Share-Basic	`EarningsPerShareBasic`	$-2.32	USD	3 Qtrs
Net Loss per Common Share-Basic	`EarningsPerShareBasic`	$-0.68	USD	1 Quarter
Net Loss per Common Share-Basic	`EarningsPerShareBasic`	$-1.44	USD	3 Qtrs
Net Loss per Common Share-Basic	`EarningsPerShareBasic`	$-0.66	USD	1 Quarter
Net Loss per Common Share-Diluted	`EarningsPerShareDiluted`	$-1.44	USD	3 Qtrs
Net Loss per Common Share-Diluted	`EarningsPerShareDiluted`	$-0.66	USD	1 Quarter
Net Loss per Common Share-Diluted	`EarningsPerShareDiluted`	$-2.32	USD	3 Qtrs
Net Loss per Common Share-Diluted	`EarningsPerShareDiluted`	$-0.68	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	28,380.00	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27,132.00	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	28,454.00	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27,197.00	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27,132.00	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	28,454.00	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27,197.00	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	28,380.00	shares	3 Qtrs

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$-18.91M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-40.81M	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-63.07M	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-18.44M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$13.18M	USD	3 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$13.04M	USD	3 Qtrs
Stock-Based Compensation Expense	`ShareBasedCompensation`	$4.48M	USD	3 Qtrs
Stock-Based Compensation Expense	`ShareBasedCompensation`	$3.56M	USD	3 Qtrs
Stock-Based Portion of Provision for Securities Class Action	`OtherNoncashExpense`	$19.67M	USD	3 Qtrs
Impairment and Loss on Disposal of Fixed Assets	`AssetImpairmentCharges`	$1.49M	USD	3 Qtrs
Impairment and Loss on Disposal of Fixed Assets	`AssetImpairmentCharges`	$389.00K	USD	3 Qtrs
Merchandise Inventories	`IncreaseDecreaseInInventories`	$9.71M	USD	3 Qtrs
Merchandise Inventories	`IncreaseDecreaseInInventories`	$-48.28M	USD	3 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$19.87M	USD	3 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-78.86M	USD	3 Qtrs
Customer Deposits and Store Credits	`IncreaseDecreaseInCustomerDepositsAndStoreCredits`	$-1.08M	USD	3 Qtrs
Customer Deposits and Store Credits	`IncreaseDecreaseInCustomerDepositsAndStoreCredits`	$7.29M	USD	3 Qtrs
Prepaid Expenses and Other Current Assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-33.14M	USD	3 Qtrs
Prepaid Expenses and Other Current Assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$28.70M	USD	3 Qtrs
Accrual for Multidistrict Litigation	`IncreaseDecreaseInAccruedLiabilities`	$36.00M	USD	3 Qtrs
Other Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.88M	USD	3 Qtrs
Other Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-34.75M	USD	3 Qtrs
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$21.25M	USD	3 Qtrs
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-10.22M	USD	3 Qtrs
Purchases of Property and Equipment	`PaymentsToAcquirePropertyAndEquipment`	$5.51M	USD	3 Qtrs
Purchases of Property and Equipment	`PaymentsToAcquirePropertyAndEquipment`	$8.27M	USD	3 Qtrs
Other Investing Activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-819.00K	USD	3 Qtrs
Other Investing Activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-575.00K	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.70M	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.69M	USD	3 Qtrs
Borrowings on Revolving Credit Facility	`ProceedsFromLinesOfCredit`	$35.00M	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`	$43.00M	USD	3 Qtrs
Payments on Capital Lease Obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$351.00K	USD	3 Qtrs
Payments on Financed Insurance Obligations	`RepaymentsOfOtherDebt`	$367.00K	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`	$-18.00K	USD	3 Qtrs
Net Cash Used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.74M	USD	3 Qtrs
Net Cash Used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-806.00K	USD	3 Qtrs
Effect of Exchange Rates on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$806.00K	USD	3 Qtrs
Effect of Exchange Rates on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$771.00K	USD	3 Qtrs
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-17.91M	USD	3 Qtrs
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.59M	USD	3 Qtrs
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$18.86M	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`	$26.70M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$10.27M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$18.86M	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`	$26.70M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$10.27M	USD	Point-in-time
Financed Insurance Premiums	`InstallmentPaymentOfInsurancePremiums`	$1.35M	USD	3 Qtrs

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-18.91M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-40.81M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-63.07M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-18.44M	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-44.00K	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$295.00K	USD	3 Qtrs
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$187.00K	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$299.00K	USD	3 Qtrs
Total Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$295.00K	USD	3 Qtrs
Total Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$187.00K	USD	1 Quarter
Total Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-44.00K	USD	1 Quarter
Total Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$299.00K	USD	3 Qtrs
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-40.51M	USD	3 Qtrs
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-18.48M	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-62.77M	USD	3 Qtrs
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-18.73M	USD	1 Quarter

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