10-Q Filing

Floor & Decor Holdings, Inc. CIK: 1507079 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001558370-18-003826`
Period End Date	20180331
Filing Date	20180503
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	fnd-20180329.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 28 Cash Flow Statement 66 Comprehensive Income 6

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$556.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$572.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$556.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$451.00K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$445.00K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$9.77M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$12.47M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Receivables, net	`AccountsReceivableNetCurrent`	$38.27M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Receivables, net	`AccountsReceivableNetCurrent`	$54.04M	USD	Point-in-time
Inventories, net	`InventoryNet`	$426.72M	USD	Point-in-time
Inventories, net	`InventoryNet`	$427.95M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$8.19M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$11.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$486.42M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$503.21M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$245.41M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$220.95M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$109.36M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$109.35M	USD	Point-in-time
Goodwill	`Goodwill`	$227.45M	USD	Point-in-time
Goodwill	`Goodwill`	$227.45M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$7.26M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$7.02M	USD	Point-in-time
Total long-term assets	`AssetsNoncurrent`	$564.78M	USD	Point-in-time
Total long-term assets	`AssetsNoncurrent`	$589.46M	USD	Point-in-time
Total assets	`Assets`	$1.07B	USD	Point-in-time
Total assets	`Assets`	$1.08B	USD	Point-in-time
Current portion of term loans	`LongTermDebtCurrent`	$3.50M	USD	Point-in-time
Current portion of term loans	`LongTermDebtCurrent`	$3.50M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$255.01M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$258.73M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$74.55M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$68.83M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$22.52M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$3.74M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$359.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$331.08M	USD	Point-in-time
Term loans	`LongTermDebtNoncurrent`	$143.00M	USD	Point-in-time
Term loans	`LongTermDebtNoncurrent`	$144.56M	USD	Point-in-time
Revolving line of credit	`LongTermLineOfCredit`	$41.00M	USD	Point-in-time
Revolving line of credit	`LongTermLineOfCredit`	$26.80M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$25.57M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$28.45M	USD	Point-in-time
Deferred income tax liabilities, net	`DeferredTaxLiabilitiesNoncurrent`	$29.92M	USD	Point-in-time
Deferred income tax liabilities, net	`DeferredTaxLiabilitiesNoncurrent`	$27.22M	USD	Point-in-time
Tenant improvement allowances	`TenantImprovementAllowances`	$25.86M	USD	Point-in-time
Tenant improvement allowances	`TenantImprovementAllowances`	$26.78M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.16M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$703.00K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$265.83M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$257.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$588.28M	USD	Point-in-time
Total liabilities	`Liabilities`	$625.13M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 0 shares issued and outstanding at March 29, 2018 and December 28, 2017	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 0 shares issued and outstanding at March 29, 2018 and December 28, 2017	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$323.42M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$328.03M	USD	Point-in-time
Accumulated other comprehensive income (loss), net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-205.00K	USD	Point-in-time
Accumulated other comprehensive income (loss), net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$225.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$159.25M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$119.55M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$442.86M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$487.60M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.08B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.07B	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$307.30M	USD	1 Quarter
Net Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$402.95M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$181.82M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$237.56M	USD	1 Quarter
Gross profit	`GrossProfit`	$165.39M	USD	1 Quarter
Gross profit	`GrossProfit`	$125.47M	USD	1 Quarter
Selling and store operating	`SellingExpense`	$80.75M	USD	1 Quarter
Selling and store operating	`SellingExpense`	$102.57M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$23.34M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$17.88M	USD	1 Quarter
Pre-opening	`PreOpeningCosts`	$2.97M	USD	1 Quarter
Pre-opening	`PreOpeningCosts`	$4.17M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$128.88M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$102.80M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$36.51M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$22.67M	USD	1 Quarter
Interest expense	`InterestExpense`	$5.41M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.78M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$17.26M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$34.72M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.85M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.13M	USD	1 Quarter
Net income	`NetIncomeLoss`	$31.87M	USD	1 Quarter
Net income	`NetIncomeLoss`	$11.13M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.13	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.33	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.30	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.13	USD	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$11.13M	USD	1 Quarter
Net income	`ProfitLoss`	$31.87M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.93M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.53M	USD	1 Quarter
Amortization of tenant improvement allowances	`AmortizationOfTenantImprovementAllowances`	$1.04M	USD	1 Quarter
Amortization of tenant improvement allowances	`AmortizationOfTenantImprovementAllowances`	$755.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$5.45M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.11M	USD	1 Quarter
Interest cap derivative contracts	`DerivativeGainLossOnDerivativeNet`	$-535.00K	USD	1 Quarter
Interest cap derivative contracts	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$1.42M	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$885.00K	USD	1 Quarter
Receivables, net	`IncreaseDecreaseInReceivables`	$-15.78M	USD	1 Quarter
Receivables, net	`IncreaseDecreaseInReceivables`	$-1.15M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$9.26M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$22.84M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.20M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.75M	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$47.47M	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.72M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-7.07M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-12.93M	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$780.00K	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$699.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$6.47M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$1.50M	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInDeferredRent`	$2.71M	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInDeferredRent`	$2.79M	USD	1 Quarter
Tenant improvement allowances	`IncreaseDecreaseInTenantImprovementAllowances`	$128.00K	USD	1 Quarter
Tenant improvement allowances	`IncreaseDecreaseInTenantImprovementAllowances`	$4.50M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingLiabilities`	$2.49M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingLiabilities`	$24.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$40.61M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$56.07M	USD	1 Quarter
Purchases of fixed assets	`PaymentsToAcquireProductiveAssets`	$27.84M	USD	1 Quarter
Purchases of fixed assets	`PaymentsToAcquireProductiveAssets`	$19.80M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-27.84M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-19.80M	USD	1 Quarter
Borrowings on revolving line of credit	`ProceedsFromLongTermLinesOfCredit`	$25.30M	USD	1 Quarter
Borrowings on revolving line of credit	`ProceedsFromLongTermLinesOfCredit`	$51.90M	USD	1 Quarter
Payments on revolving line of credit	`RepaymentsOfLongTermLinesOfCredit`	$60.80M	USD	1 Quarter
Payments on revolving line of credit	`RepaymentsOfLongTermLinesOfCredit`	$66.10M	USD	1 Quarter
Payments on term loans	`RepaymentsOfSecuredDebt`	$875.00K	USD	1 Quarter
Payments on term loans	`RepaymentsOfSecuredDebt`	$1.75M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$96.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$3.19M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-36.28M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-12.76M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$16.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.00K	USD	1 Quarter
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$556.00K	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$572.00K	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$556.00K	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$451.00K	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$445.00K	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$556.00K	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$572.00K	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$556.00K	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$451.00K	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$445.00K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$7.95M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$2.37M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	$19.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Fixed assets accrued at the end of the period	`CapitalExpendituresIncurredButNotYetPaid`	$16.33M	USD	1 Quarter
Fixed assets accrued at the end of the period	`CapitalExpendituresIncurredButNotYetPaid`	$7.37M	USD	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$31.87M	USD	1 Quarter
Net income	`NetIncomeLoss`	$11.13M	USD	1 Quarter
Other comprehensive income (loss) - change in fair value of hedge instruments, net of tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-282.00K	USD	1 Quarter
Other comprehensive income (loss) - change in fair value of hedge instruments, net of tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$430.00K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$32.30M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$10.85M	USD	1 Quarter

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