10-Q Filing

LL FLOORING HOLDINGS, INC. CIK: 1396033 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-313330`
Period End Date	20120630
Filing Date	20120725
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	ll-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 52 Cash Flow Statement 44 Comprehensive Income 12

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
Common stock, shares authorized	`CommonStockSharesAuthorized`	35.00M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.83M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$31.52M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$61.67M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.19M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.89M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.36M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.36M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	53,085.00	shares	Point-in-time
Merchandise Inventories	`InventoryNet`	$164.14M	USD	Point-in-time
Merchandise Inventories	`InventoryNet`	$211.60M	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$4.29M	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$5.21M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$7.86M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$5.54M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$237.97M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$253.87M	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$46.15M	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`	$3.04M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$1.95M	USD	Point-in-time
Total Assets	`Assets`	$294.85M	USD	Point-in-time
Total Assets	`Assets`	$311.66M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$51.20M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$38.16M	USD	Point-in-time
Customer Deposits and Store Credits	`CustomerDepositsAndStoreCredits`	$23.00M	USD	Point-in-time
Customer Deposits and Store Credits	`CustomerDepositsAndStoreCredits`	$18.12M	USD	Point-in-time
Accrued Compensation	`EmployeeRelatedLiabilitiesCurrent`	$5.23M	USD	Point-in-time
Accrued Compensation	`EmployeeRelatedLiabilitiesCurrent`	$2.51M	USD	Point-in-time
Sales and Income Tax Liabilities	`TaxesPayableCurrent`	$3.78M	USD	Point-in-time
Sales and Income Tax Liabilities	`TaxesPayableCurrent`	$5.09M	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$7.38M	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$6.84M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$70.72M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$90.59M	USD	Point-in-time
Deferred Rent	`DeferredRentCreditNoncurrent`	$3.33M	USD	Point-in-time
Deferred Rent	`DeferredRentCreditNoncurrent`	$3.49M	USD	Point-in-time
Deferred Tax Liability	`DeferredIncomeTaxLiabilities`	$6.03M	USD	Point-in-time
Deferred Tax Liability	`DeferredIncomeTaxLiabilities`	$5.72M	USD	Point-in-time
Common Stock ($0.001 par value; 35,000,000 authorized; 27,189,232 and 27,894,543 outstanding, respectively)	`CommonStockValue`	$28.00K	USD	Point-in-time
Common Stock ($0.001 par value; 35,000,000 authorized; 27,189,232 and 27,894,543 outstanding, respectively)	`CommonStockValue`	$28.00K	USD	Point-in-time
Treasury Stock, at cost (1,363,195 and 53,085 shares, respectively)	`TreasuryStockValue`	$1.12M	USD	Point-in-time
Treasury Stock, at cost (1,363,195 and 53,085 shares, respectively)	`TreasuryStockValue`	$35.60M	USD	Point-in-time
Additional Capital	`AdditionalPaidInCapitalCommonStock`	$110.16M	USD	Point-in-time
Additional Capital	`AdditionalPaidInCapitalCommonStock`	$120.68M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$126.58M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$106.20M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-137.00K	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-194.00K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$211.55M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$215.08M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$311.66M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$294.85M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueNet`	$175.46M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$398.38M	USD	2 Qtrs
Net Sales	`SalesRevenueNet`	$210.35M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$335.14M	USD	2 Qtrs
Cost of Sales	`CostOfGoodsAndServicesSold`	$217.62M	USD	2 Qtrs
Cost of Sales	`CostOfGoodsAndServicesSold`	$115.74M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$249.76M	USD	2 Qtrs
Cost of Sales	`CostOfGoodsAndServicesSold`	$131.87M	USD	1 Quarter
Gross Profit	`GrossProfit`	$148.62M	USD	2 Qtrs
Gross Profit	`GrossProfit`	$117.52M	USD	2 Qtrs
Gross Profit	`GrossProfit`	$78.48M	USD	1 Quarter
Gross Profit	`GrossProfit`	$59.72M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$115.50M	USD	2 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$99.50M	USD	2 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$51.05M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$58.69M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$19.80M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$33.11M	USD	2 Qtrs
Operating Income	`OperatingIncomeLoss`	$18.01M	USD	2 Qtrs
Operating Income	`OperatingIncomeLoss`	$8.67M	USD	1 Quarter
Other (Income) Expense	`OtherNonoperatingIncomeExpense`	$32.00K	USD	1 Quarter
Other (Income) Expense	`OtherNonoperatingIncomeExpense`	$155.00K	USD	2 Qtrs
Other (Income) Expense	`OtherNonoperatingIncomeExpense`	$73.00K	USD	2 Qtrs
Other (Income) Expense	`OtherNonoperatingIncomeExpense`	$67.00K	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$19.83M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$33.19M	USD	2 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.74M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$18.17M	USD	2 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$7.10M	USD	2 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$3.45M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$7.65M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$12.81M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$20.37M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$12.18M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$11.06M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$5.29M	USD	1 Quarter
Net Income per Common Share-Basic	`EarningsPerShareBasic`	$0.40	USD	2 Qtrs
Net Income per Common Share-Basic	`EarningsPerShareBasic`	$0.74	USD	2 Qtrs
Net Income per Common Share-Basic	`EarningsPerShareBasic`	$0.19	USD	1 Quarter
Net Income per Common Share-Basic	`EarningsPerShareBasic`	$0.44	USD	1 Quarter
Net Income per Common Share-Diluted	`EarningsPerShareDiluted`	$0.19	USD	1 Quarter
Net Income per Common Share-Diluted	`EarningsPerShareDiluted`	$0.39	USD	2 Qtrs
Net Income per Common Share-Diluted	`EarningsPerShareDiluted`	$0.72	USD	2 Qtrs
Net Income per Common Share-Diluted	`EarningsPerShareDiluted`	$0.43	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.69M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.63M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.51M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.72M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.40M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.27M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.43M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.03M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$20.37M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$12.18M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$11.06M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$5.29M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$4.82M	USD	2 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$3.99M	USD	2 Qtrs
Stock-Based Compensation Expense	`ShareBasedCompensation`	$1.94M	USD	2 Qtrs
Stock-Based Compensation Expense	`ShareBasedCompensation`	$2.15M	USD	2 Qtrs
Merchandise Inventories	`IncreaseDecreaseInInventories`	$47.60M	USD	2 Qtrs
Merchandise Inventories	`IncreaseDecreaseInInventories`	$27.18M	USD	2 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$7.08M	USD	2 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$12.89M	USD	2 Qtrs
Customer Deposits and Store Credits	`IncreaseDecreaseInCustomerDepositsAndStoreCredits`	$7.47M	USD	2 Qtrs
Customer Deposits and Store Credits	`IncreaseDecreaseInCustomerDepositsAndStoreCredits`	$4.89M	USD	2 Qtrs
Prepaid Expenses and Other Current Assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.64M	USD	2 Qtrs
Prepaid Expenses and Other Current Assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.44M	USD	2 Qtrs
Other Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-3.49M	USD	2 Qtrs
Other Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-735.00K	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$2.45M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$3.45M	USD	2 Qtrs
Purchases of Property and Equipment	`PaymentsToAcquirePropertyAndEquipment`	$8.30M	USD	2 Qtrs
Purchases of Property and Equipment	`PaymentsToAcquirePropertyAndEquipment`	$6.67M	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.67M	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.30M	USD	2 Qtrs
Payments for Share Repurchases	`PaymentsForRepurchaseOfCommonStock`	$140.00K	USD	2 Qtrs
Payments for Share Repurchases	`PaymentsForRepurchaseOfCommonStock`	$34.48M	USD	2 Qtrs
Proceeds from the Exercise of Stock Options	`ProceedsFromStockOptionsExercised`	$6.47M	USD	2 Qtrs
Proceeds from the Exercise of Stock Options	`ProceedsFromStockOptionsExercised`	$2.12M	USD	2 Qtrs
Excess Tax Benefits on Stock Option Exercises	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.93M	USD	2 Qtrs
Excess Tax Benefits on Stock Option Exercises	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.41M	USD	2 Qtrs
Net Cash (Used in) Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-26.08M	USD	2 Qtrs
Net Cash (Used in) Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$3.39M	USD	2 Qtrs
Effect of Exchange Rates on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-20.00K	USD	2 Qtrs
Effect of Exchange Rates on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$149.00K	USD	2 Qtrs
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.47M	USD	2 Qtrs
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-30.15M	USD	2 Qtrs
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$34.83M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$31.52M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$61.67M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$33.36M	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`	$31.52M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$61.67M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$33.36M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$20.37M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$12.18M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$11.06M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$5.29M	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$57.00K	USD	2 Qtrs
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-47.00K	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-22.00K	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-23.00K	USD	2 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$5.26M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$20.43M	USD	2 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$12.13M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$11.04M	USD	2 Qtrs

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