10-Q Filing

LL FLOORING HOLDINGS, INC. CIK: 1396033 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-180255`
Period End Date	20120331
Filing Date	20120425
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	ll-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 26 Cash Flow Statement 42 Comprehensive Income 6

Balance Sheet 58 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
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$43.13M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.83M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$61.44M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$61.67M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	35.00M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.89M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.67M	shares	Point-in-time
Merchandise Inventories	`InventoryNet`	$164.14M	USD	Point-in-time
Merchandise Inventories	`InventoryNet`	$191.75M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	53,085.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	447,323.00	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$4.29M	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$6.00M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$9.37M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$7.86M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$268.55M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$237.97M	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$45.19M	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$44.15M	USD	Point-in-time
Goodwill	`Goodwill`	$9.69M	USD	Point-in-time
Goodwill	`Goodwill`	$9.69M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$2.99M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$3.04M	USD	Point-in-time
Total Assets	`Assets`	$294.85M	USD	Point-in-time
Total Assets	`Assets`	$326.42M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$51.71M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$38.16M	USD	Point-in-time
Customer Deposits and Store Credits	`CustomerDepositsAndStoreCredits`	$18.12M	USD	Point-in-time
Customer Deposits and Store Credits	`CustomerDepositsAndStoreCredits`	$26.21M	USD	Point-in-time
Accrued Compensation	`EmployeeRelatedLiabilitiesCurrent`	$2.51M	USD	Point-in-time
Accrued Compensation	`EmployeeRelatedLiabilitiesCurrent`	$4.61M	USD	Point-in-time
Sales and Income Tax Liabilities	`TaxesPayableCurrent`	$9.19M	USD	Point-in-time
Sales and Income Tax Liabilities	`TaxesPayableCurrent`	$5.09M	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$8.76M	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$6.84M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$100.47M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$70.72M	USD	Point-in-time
Deferred Rent	`DeferredRentCreditNoncurrent`	$3.40M	USD	Point-in-time
Deferred Rent	`DeferredRentCreditNoncurrent`	$3.33M	USD	Point-in-time
Deferred Tax Liability	`DeferredIncomeTaxLiabilities`	$5.54M	USD	Point-in-time
Deferred Tax Liability	`DeferredIncomeTaxLiabilities`	$5.72M	USD	Point-in-time
Common Stock ($0.001 par value; 35,000,000 authorized; 27,669,312 and 27,894,543 outstanding, respectively)	`CommonStockValue`	$28.00K	USD	Point-in-time
Common Stock ($0.001 par value; 35,000,000 authorized; 27,669,312 and 27,894,543 outstanding, respectively)	`CommonStockValue`	$28.00K	USD	Point-in-time
Treasury Stock, at cost (447,323 and 53,085 shares, respectively)	`TreasuryStockValue`	$10.19M	USD	Point-in-time
Treasury Stock, at cost (447,323 and 53,085 shares, respectively)	`TreasuryStockValue`	$1.12M	USD	Point-in-time
Additional Capital	`AdditionalPaidInCapitalCommonStock`	$110.16M	USD	Point-in-time
Additional Capital	`AdditionalPaidInCapitalCommonStock`	$112.87M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$106.20M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$114.40M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-90.00K	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-194.00K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$217.01M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$215.08M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$326.42M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$294.85M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueNet`	$188.03M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$159.68M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$101.89M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$117.90M	USD	1 Quarter
Gross Profit	`GrossProfit`	$70.14M	USD	1 Quarter
Gross Profit	`GrossProfit`	$57.79M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$56.82M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$48.45M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$13.32M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$9.34M	USD	1 Quarter
Other (Income) Expense	`OtherNonoperatingIncomeExpense`	$42.00K	USD	1 Quarter
Other (Income) Expense	`OtherNonoperatingIncomeExpense`	$87.00K	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$13.36M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$9.43M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$3.65M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$5.16M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$8.20M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$5.78M	USD	1 Quarter
Net Income per Common Share-Basic	`EarningsPerShareBasic`	$0.21	USD	1 Quarter
Net Income per Common Share-Basic	`EarningsPerShareBasic`	$0.29	USD	1 Quarter
Net Income per Common Share-Diluted	`EarningsPerShareDiluted`	$0.29	USD	1 Quarter
Net Income per Common Share-Diluted	`EarningsPerShareDiluted`	$0.20	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.57M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.93M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.38M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.51M	shares	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$8.20M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$5.78M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$1.91M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$2.37M	USD	1 Quarter
Stock-Based Compensation Expense	`ShareBasedCompensation`	$922.00K	USD	1 Quarter
Stock-Based Compensation Expense	`ShareBasedCompensation`	$1.13M	USD	1 Quarter
Merchandise Inventories	`IncreaseDecreaseInInventories`	$7.86M	USD	1 Quarter
Merchandise Inventories	`IncreaseDecreaseInInventories`	$27.74M	USD	1 Quarter
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-1.17M	USD	1 Quarter
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$13.29M	USD	1 Quarter
Customer Deposits and Store Credits	`IncreaseDecreaseInCustomerDepositsAndStoreCredits`	$8.09M	USD	1 Quarter
Customer Deposits and Store Credits	`IncreaseDecreaseInCustomerDepositsAndStoreCredits`	$8.10M	USD	1 Quarter
Prepaid Expenses and Other Current Assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$737.00K	USD	1 Quarter
Prepaid Expenses and Other Current Assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.06M	USD	1 Quarter
Other Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-8.06M	USD	1 Quarter
Other Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-4.11M	USD	1 Quarter
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$11.06M	USD	1 Quarter
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$10.34M	USD	1 Quarter
Purchases of Property and Equipment	`PaymentsToAcquirePropertyAndEquipment`	$-4.16M	USD	1 Quarter
Purchases of Property and Equipment	`PaymentsToAcquirePropertyAndEquipment`	$-3.18M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.16M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.18M	USD	1 Quarter
Payments for Share Repurchases	`PaymentsForRepurchaseOfCommonStock`	$9.08M	USD	1 Quarter
Payments for Share Repurchases	`PaymentsForRepurchaseOfCommonStock`	$126.00K	USD	1 Quarter
Proceeds from the Exercise of Stock Options	`ProceedsFromStockOptionsExercised`	$870.00K	USD	1 Quarter
Proceeds from the Exercise of Stock Options	`ProceedsFromStockOptionsExercised`	$1.23M	USD	1 Quarter
Excess Tax Benefits on Stock Option Exercises	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$337.00K	USD	1 Quarter
Excess Tax Benefits on Stock Option Exercises	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$659.00K	USD	1 Quarter
Net Cash (Used in) Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.40M	USD	1 Quarter
Net Cash (Used in) Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.51M	USD	1 Quarter
Effect of Exchange Rates on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$110.00K	USD	1 Quarter
Effect of Exchange Rates on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-2.00K	USD	1 Quarter
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.30M	USD	1 Quarter
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-239.00K	USD	1 Quarter
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$43.13M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$34.83M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$61.44M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$61.67M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$43.13M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$34.83M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$61.44M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$61.67M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$8.20M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$5.78M	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$104.00K	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-1.00K	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$5.78M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$8.30M	USD	1 Quarter

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