10-Q Filing

LL FLOORING HOLDINGS, INC. CIK: 1396033 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001144204-18-024004`
Period End Date	20180331
Filing Date	20180501
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	ll-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 26 Cash Flow Statement 48 Comprehensive Income 8

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`	$10.97M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	31.47M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.27M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.61M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.94M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	31.40M	shares	Point-in-time
Merchandise Inventories	`InventoryNet`	$262.28M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	28.54M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	28.49M	shares	Point-in-time
Merchandise Inventories	`InventoryNet`	$273.41M	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$10.03M	USD	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	2.91M	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$9.11M	USD	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	2.93M	shares	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$6.67M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$9.46M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$305.50M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$298.00M	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$100.49M	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$98.89M	USD	Point-in-time
Goodwill	`Goodwill`	$9.69M	USD	Point-in-time
Goodwill	`Goodwill`	$9.69M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$2.57M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$2.62M	USD	Point-in-time
Total Assets	`Assets`	$416.66M	USD	Point-in-time
Total Assets	`Assets`	$410.80M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$60.70M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$67.68M	USD	Point-in-time
Customer Deposits and Store Credits	`CustomerDepositsAndStoreCredits`	$38.55M	USD	Point-in-time
Customer Deposits and Store Credits	`CustomerDepositsAndStoreCredits`	$43.49M	USD	Point-in-time
Accrued Compensation	`EmployeeRelatedLiabilitiesCurrent`	$7.71M	USD	Point-in-time
Accrued Compensation	`EmployeeRelatedLiabilitiesCurrent`	$12.10M	USD	Point-in-time
Sales and Income Tax Liabilities	`TaxesPayableCurrent`	$5.50M	USD	Point-in-time
Sales and Income Tax Liabilities	`TaxesPayableCurrent`	$4.27M	USD	Point-in-time
Accrual for Multidistrict Litigation ("MDL") and Related Other Matters	`LitigationReserveCurrent`	$36.96M	USD	Point-in-time
Accrual for Multidistrict Litigation ("MDL") and Related Other Matters	`LitigationReserveCurrent`	$37.19M	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$18.61M	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$20.06M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$178.16M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$174.66M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$19.67M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$19.79M	USD	Point-in-time
Revolving Credit Facility	`LongTermLineOfCredit`	$26.00M	USD	Point-in-time
Revolving Credit Facility	`LongTermLineOfCredit`	$15.00M	USD	Point-in-time
Total Liabilities	`Liabilities`	$220.33M	USD	Point-in-time
Total Liabilities	`Liabilities`	$212.95M	USD	Point-in-time
Common Stock ($0.001 par value; 35,000 shares authorized; 31,470 and 31,397 shares issued and 28,540 and 28,490 shares outstanding, respectively)	`CommonStockValue`	$31.00K	USD	Point-in-time
Common Stock ($0.001 par value; 35,000 shares authorized; 31,470 and 31,397 shares issued and 28,540 and 28,490 shares outstanding, respectively)	`CommonStockValue`	$31.00K	USD	Point-in-time
Treasury Stock, at cost (2,930 and 2,907 shares, respectively)	`TreasuryStockValue`	$140.88M	USD	Point-in-time
Treasury Stock, at cost (2,930 and 2,907 shares, respectively)	`TreasuryStockValue`	$141.44M	USD	Point-in-time
Additional Paid-in-Capital	`AdditionalPaidInCapitalCommonStock`	$209.68M	USD	Point-in-time
Additional Paid-in-Capital	`AdditionalPaidInCapitalCommonStock`	$208.63M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$131.21M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$129.24M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.15M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.18M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$197.85M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$196.33M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$416.66M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$410.80M	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`	$261.77M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$161.59M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$166.80M	USD	1 Quarter
Gross Profit	`GrossProfit`	$86.80M	USD	1 Quarter
Gross Profit	`GrossProfit`	$94.97M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$112.21M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$96.42M	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-1.45M	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-25.41M	USD	1 Quarter
Other Expense	`OtherNonoperatingExpense`	$512.00K	USD	1 Quarter
Other Expense	`OtherNonoperatingExpense`	$321.00K	USD	1 Quarter
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-25.93M	USD	1 Quarter
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.77M	USD	1 Quarter
Income Tax Expense	`IncomeTaxExpenseBenefit`	$445.00K	USD	1 Quarter
Income Tax Expense	`IncomeTaxExpenseBenefit`	$205.00K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-26.37M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.97M	USD	1 Quarter
Net Loss per Common Share-Basic	`EarningsPerShareBasic`	$-0.93	USD	1 Quarter
Net Loss per Common Share-Basic	`EarningsPerShareBasic`	$-0.07	USD	1 Quarter
Net Loss per Common Share-Diluted	`EarningsPerShareDiluted`	$-0.93	USD	1 Quarter
Net Loss per Common Share-Diluted	`EarningsPerShareDiluted`	$-0.07	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	28,508.00	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	28,292.00	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	28,508.00	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	28,292.00	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$-26.37M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-1.97M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$4.33M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$4.72M	USD	1 Quarter
Stock-Based Compensation Expense	`ShareBasedCompensation`	$858.00K	USD	1 Quarter
Stock-Based Compensation Expense	`ShareBasedCompensation`	$1.26M	USD	1 Quarter
Loss on Disposal of Fixed Assets	`AssetImpairmentCharges`	$7.00K	USD	1 Quarter
Merchandise Inventories	`IncreaseDecreaseInInventories`	$298.00K	USD	1 Quarter
Merchandise Inventories	`IncreaseDecreaseInInventories`	$14.48M	USD	1 Quarter
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-32.03M	USD	1 Quarter
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-7.08M	USD	1 Quarter
Customer Deposits and Store Credits	`IncreaseDecreaseInCustomerDepositsAndStoreCredits`	$9.59M	USD	1 Quarter
Customer Deposits and Store Credits	`IncreaseDecreaseInCustomerDepositsAndStoreCredits`	$5.06M	USD	1 Quarter
Prepaid Expenses and Other Current Assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.09M	USD	1 Quarter
Prepaid Expenses and Other Current Assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-733.00K	USD	1 Quarter
Accrual for MDL and Related Other Matters	`IncreaseDecreaseInAccruedLiabilities`	$18.00M	USD	1 Quarter
Accrual for MDL and Related Other Matters	`IncreaseDecreaseInAccruedLiabilities`	$250.00K	USD	1 Quarter
Other Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$4.97M	USD	1 Quarter
Other Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.16M	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-14.88M	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-29.76M	USD	1 Quarter
Purchases of Property and Equipment	`PaymentsToAcquirePropertyAndEquipment`	$2.50M	USD	1 Quarter
Purchases of Property and Equipment	`PaymentsToAcquirePropertyAndEquipment`	$3.05M	USD	1 Quarter
Other Investing Activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-6.00K	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.04M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.50M	USD	1 Quarter
Borrowings on Revolving Credit Facility	`ProceedsFromLinesOfCredit`	$15.00M	USD	1 Quarter
Borrowings on Revolving Credit Facility	`ProceedsFromLinesOfCredit`	$35.00M	USD	1 Quarter
Payments on Revolving Credit Facility	`RepaymentsOfLinesOfCredit`	$4.00M	USD	1 Quarter
Payments on Revolving Credit Facility	`RepaymentsOfLinesOfCredit`	$3.00M	USD	1 Quarter
Payments on Capital Lease Obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$114.00K	USD	1 Quarter
Payments on Financed Insurance Obligations	`RepaymentsOfOtherDebt`	$367.00K	USD	1 Quarter
Other Financing Activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$444.00K	USD	1 Quarter
Other Financing Activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-524.00K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$10.11M	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$32.33M	USD	1 Quarter
Effect of Exchange Rates on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$631.00K	USD	1 Quarter
Effect of Exchange Rates on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$482.00K	USD	1 Quarter
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$700.00K	USD	1 Quarter
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.33M	USD	1 Quarter
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$10.97M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$10.27M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$12.61M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$19.94M	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`	$10.27M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$12.61M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$19.94M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-26.37M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.97M	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$32.00K	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-32.00K	USD	1 Quarter
Total Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-32.00K	USD	1 Quarter
Total Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$32.00K	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-26.34M	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-2.00M	USD	1 Quarter

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