10-Q Filing

LL FLOORING HOLDINGS, INC. CIK: 1396033 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001144204-18-040836`
Period End Date	20180630
Filing Date	20180731
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	ll-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 52 Cash Flow Statement 52 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
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.94M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	31.40M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.27M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.12M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.64M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	31.49M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	28.55M	shares	Point-in-time
Merchandise Inventories	`InventoryNet`	$296.80M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	28.49M	shares	Point-in-time
Merchandise Inventories	`InventoryNet`	$262.28M	USD	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	2.94M	shares	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	2.91M	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$9.11M	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$8.69M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$10.15M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$6.67M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$298.00M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$326.76M	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$100.49M	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$98.09M	USD	Point-in-time
Goodwill	`Goodwill`	$9.69M	USD	Point-in-time
Goodwill	`Goodwill`	$9.69M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$3.75M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$2.62M	USD	Point-in-time
Total Assets	`Assets`	$438.30M	USD	Point-in-time
Total Assets	`Assets`	$410.80M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$73.39M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$67.68M	USD	Point-in-time
Customer Deposits and Store Credits	`CustomerDepositsAndStoreCredits`	$45.35M	USD	Point-in-time
Customer Deposits and Store Credits	`CustomerDepositsAndStoreCredits`	$38.55M	USD	Point-in-time
Accrued Compensation	`EmployeeRelatedLiabilitiesCurrent`	$8.67M	USD	Point-in-time
Accrued Compensation	`EmployeeRelatedLiabilitiesCurrent`	$12.10M	USD	Point-in-time
Sales and Income Tax Liabilities	`TaxesPayableCurrent`	$4.27M	USD	Point-in-time
Sales and Income Tax Liabilities	`TaxesPayableCurrent`	$4.47M	USD	Point-in-time
Accrual for Multidistrict Litigations ("MDL") and Related Laminate Matters	`LitigationReserveCurrent`	$38.24M	USD	Point-in-time
Accrual for Multidistrict Litigations ("MDL") and Related Laminate Matters	`LitigationReserveCurrent`	$36.96M	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$18.30M	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$18.61M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$178.16M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$188.41M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$18.92M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$19.79M	USD	Point-in-time
Revolving Credit Facility	`LongTermLineOfCredit`	$15.00M	USD	Point-in-time
Revolving Credit Facility	`LongTermLineOfCredit`	$35.00M	USD	Point-in-time
Total Liabilities	`Liabilities`	$212.95M	USD	Point-in-time
Total Liabilities	`Liabilities`	$242.33M	USD	Point-in-time
Common Stock ($0.001 par value; 35,000 shares authorized; 31,486 and 31,397 shares issued and 28,551 and 28,490 shares outstanding, respectively)	`CommonStockValue`	$31.00K	USD	Point-in-time
Common Stock ($0.001 par value; 35,000 shares authorized; 31,486 and 31,397 shares issued and 28,551 and 28,490 shares outstanding, respectively)	`CommonStockValue`	$31.00K	USD	Point-in-time
Treasury Stock, at cost (2,935 and 2,907 shares, respectively)	`TreasuryStockValue`	$141.54M	USD	Point-in-time
Treasury Stock, at cost (2,935 and 2,907 shares, respectively)	`TreasuryStockValue`	$140.88M	USD	Point-in-time
Additional Paid-in-Capital	`AdditionalPaidInCapitalCommonStock`	$210.95M	USD	Point-in-time
Additional Paid-in-Capital	`AdditionalPaidInCapitalCommonStock`	$208.63M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$127.79M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$131.21M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.15M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.26M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$197.85M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$195.97M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$438.30M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$410.80M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueNet`	$283.47M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$263.50M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$511.89M	USD	2 Qtrs
Net Sales	`SalesRevenueNet`	$545.25M	USD	2 Qtrs
Cost of Sales	`CostOfGoodsAndServicesSold`	$166.04M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$327.63M	USD	2 Qtrs
Cost of Sales	`CostOfGoodsAndServicesSold`	$348.96M	USD	2 Qtrs
Cost of Sales	`CostOfGoodsAndServicesSold`	$182.16M	USD	1 Quarter
Gross Profit	`GrossProfit`	$97.46M	USD	1 Quarter
Gross Profit	`GrossProfit`	$184.25M	USD	2 Qtrs
Gross Profit	`GrossProfit`	$196.28M	USD	2 Qtrs
Gross Profit	`GrossProfit`	$101.31M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$92.34M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$198.64M	USD	2 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$204.55M	USD	2 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$102.22M	USD	1 Quarter
Operating (Loss) Income	`OperatingIncomeLoss`	$5.12M	USD	1 Quarter
Operating (Loss) Income	`OperatingIncomeLoss`	$-20.30M	USD	2 Qtrs
Operating (Loss) Income	`OperatingIncomeLoss`	$-913.00K	USD	1 Quarter
Operating (Loss) Income	`OperatingIncomeLoss`	$-2.36M	USD	2 Qtrs
Other Expense	`OtherNonoperatingIncomeExpense`	$-516.00K	USD	1 Quarter
Other Expense	`OtherNonoperatingIncomeExpense`	$-1.03M	USD	2 Qtrs
Other Expense	`OtherNonoperatingIncomeExpense`	$-346.00K	USD	1 Quarter
Other Expense	`OtherNonoperatingIncomeExpense`	$-667.00K	USD	2 Qtrs
(Loss) Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-21.32M	USD	2 Qtrs
(Loss) Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.60M	USD	1 Quarter
(Loss) Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.26M	USD	1 Quarter
(Loss) Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-3.03M	USD	2 Qtrs
Income Tax Expense	`IncomeTaxExpenseBenefit`	$129.00K	USD	1 Quarter
Income Tax Expense	`IncomeTaxExpenseBenefit`	$195.00K	USD	1 Quarter
Income Tax Expense	`IncomeTaxExpenseBenefit`	$574.00K	USD	2 Qtrs
Income Tax Expense	`IncomeTaxExpenseBenefit`	$400.00K	USD	2 Qtrs
Net (Loss) Income	`NetIncomeLoss`	$4.47M	USD	1 Quarter
Net (Loss) Income	`NetIncomeLoss`	$-3.43M	USD	2 Qtrs
Net (Loss) Income	`NetIncomeLoss`	$-21.90M	USD	2 Qtrs
Net (Loss) Income	`NetIncomeLoss`	$-1.45M	USD	1 Quarter
Net (Loss) Income per Common Share-Basic	`EarningsPerShareBasic`	$0.16	USD	1 Quarter
Net (Loss) Income per Common Share-Basic	`EarningsPerShareBasic`	$-0.77	USD	2 Qtrs
Net (Loss) Income per Common Share-Basic	`EarningsPerShareBasic`	$-0.12	USD	2 Qtrs
Net (Loss) Income per Common Share-Basic	`EarningsPerShareBasic`	$-0.05	USD	1 Quarter
Net (Loss) Income per Common Share-Diluted	`EarningsPerShareDiluted`	$-0.77	USD	2 Qtrs
Net (Loss) Income per Common Share-Diluted	`EarningsPerShareDiluted`	$-0.12	USD	2 Qtrs
Net (Loss) Income per Common Share-Diluted	`EarningsPerShareDiluted`	$-0.05	USD	1 Quarter
Net (Loss) Income per Common Share-Diluted	`EarningsPerShareDiluted`	$0.16	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	28.34M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	28.55M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	28.53M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	28.39M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.34M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.53M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.70M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.55M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$4.47M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-3.43M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-21.90M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-1.45M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$8.72M	USD	2 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$9.57M	USD	2 Qtrs
Stock-Based Compensation Expense	`ShareBasedCompensation`	$2.47M	USD	2 Qtrs
Stock-Based Compensation Expense	`ShareBasedCompensation`	$2.12M	USD	2 Qtrs
Loss on Disposal of Fixed Assets	`AssetImpairmentCharges`	$23.00K	USD	2 Qtrs
Merchandise Inventories	`IncreaseDecreaseInInventories`	$-25.94M	USD	2 Qtrs
Merchandise Inventories	`IncreaseDecreaseInInventories`	$38.65M	USD	2 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$5.03M	USD	2 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-51.60M	USD	2 Qtrs
Customer Deposits and Store Credits	`IncreaseDecreaseInCustomerDepositsAndStoreCredits`	$6.92M	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`	$-307.00K	USD	2 Qtrs
Accrual for MDL and Related Laminate Matters	`IncreaseDecreaseInAccruedLiabilities`	$18.00M	USD	2 Qtrs
Accrual for MDL and Related Laminate Matters	`IncreaseDecreaseInAccruedLiabilities`	$2.95M	USD	2 Qtrs
Other Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$7.11M	USD	2 Qtrs
Other Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$6.39M	USD	2 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-16.76M	USD	2 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-21.53M	USD	2 Qtrs
Purchases of Property and Equipment	`PaymentsToAcquirePropertyAndEquipment`	$6.58M	USD	2 Qtrs
Purchases of Property and Equipment	`PaymentsToAcquirePropertyAndEquipment`	$3.85M	USD	2 Qtrs
Other Investing Activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-28.00K	USD	2 Qtrs
Other Investing Activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-250.00K	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.60M	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.56M	USD	2 Qtrs
Borrowings on Revolving Credit Facility	`ProceedsFromLinesOfCredit`	$29.00M	USD	2 Qtrs
Borrowings on Revolving Credit Facility	`ProceedsFromLinesOfCredit`	$35.00M	USD	2 Qtrs
Payments on Revolving Credit Facility	`RepaymentsOfLinesOfCredit`	$9.00M	USD	2 Qtrs
Payments on Revolving Credit Facility	`RepaymentsOfLinesOfCredit`	$18.00M	USD	2 Qtrs
Payments on Capital Lease Obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$237.00K	USD	2 Qtrs
Payments on Financed Insurance Obligations	`RepaymentsOfOtherDebt`	$612.00K	USD	2 Qtrs
Other Financing Activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$321.00K	USD	2 Qtrs
Other Financing Activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-587.00K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$18.80M	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$17.08M	USD	2 Qtrs
Effect of Exchange Rates on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$469.00K	USD	2 Qtrs
Effect of Exchange Rates on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$637.00K	USD	2 Qtrs
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.82M	USD	2 Qtrs
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.63M	USD	2 Qtrs
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$19.94M	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`	$11.12M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$7.64M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$19.94M	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`	$11.12M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$7.64M	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 (Loss) Income	`NetIncomeLoss`	$4.47M	USD	1 Quarter
Net (Loss) Income	`NetIncomeLoss`	$-3.43M	USD	2 Qtrs
Net (Loss) Income	`NetIncomeLoss`	$-21.90M	USD	2 Qtrs
Net (Loss) Income	`NetIncomeLoss`	$-1.45M	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-73.00K	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-105.00K	USD	2 Qtrs
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$112.00K	USD	2 Qtrs
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$80.00K	USD	1 Quarter
Total Other Comprehensive (Loss) Income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$112.00K	USD	2 Qtrs
Total Other Comprehensive (Loss) Income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$80.00K	USD	1 Quarter
Total Other Comprehensive (Loss) Income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-73.00K	USD	1 Quarter
Total Other Comprehensive (Loss) Income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-105.00K	USD	2 Qtrs
Comprehensive (Loss) Income	`ComprehensiveIncomeNetOfTax`	$4.55M	USD	1 Quarter
Comprehensive (Loss) Income	`ComprehensiveIncomeNetOfTax`	$-3.53M	USD	2 Qtrs
Comprehensive (Loss) Income	`ComprehensiveIncomeNetOfTax`	$-21.79M	USD	2 Qtrs
Comprehensive (Loss) Income	`ComprehensiveIncomeNetOfTax`	$-1.53M	USD	1 Quarter

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