10-Q Filing

LL FLOORING HOLDINGS, INC. CIK: 1396033 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001558370-19-003495`
Period End Date	20190331
Filing Date	20190430
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	ll-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 34 Cash Flow Statement 48 Stockholders Equity 20 Comprehensive Income 8

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
Common Stock, shares authorized	`CommonStockSharesAuthorized`	35.00M	shares	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	35.00M	shares	Point-in-time
Common Stock, shares, issued	`CommonStockSharesIssued`	31.66M	shares	Point-in-time
Common Stock, shares, issued	`CommonStockSharesIssued`	31.58M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	28.63M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.94M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.09M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	28.68M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.56M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.61M	USD	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	2.95M	shares	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	2.98M	shares	Point-in-time
Merchandise Inventories	`InventoryNet`	$318.27M	USD	Point-in-time
Merchandise Inventories	`InventoryNet`	$299.89M	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$9.26M	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$6.30M	USD	Point-in-time
Deposit for Legal Settlement	`DepositsAssetsCurrent`	$21.50M	USD	Point-in-time
Deposit for Legal Settlement	`DepositsAssetsCurrent`	$21.50M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$8.67M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$9.73M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$366.30M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$357.46M	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$92.05M	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$93.69M	USD	Point-in-time
Operating Lease Right-of-Use	`OperatingLeaseRightOfUseAsset`	$110.97M	USD	Point-in-time
Goodwill	`Goodwill`	$9.69M	USD	Point-in-time
Goodwill	`Goodwill`	$9.69M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$6.23M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$5.83M	USD	Point-in-time
Total Assets	`Assets`	$576.41M	USD	Point-in-time
Total Assets	`Assets`	$475.52M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$73.41M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$55.94M	USD	Point-in-time
Customer Deposits and Store Credits	`CustomerDepositsAndStoreCredits`	$47.63M	USD	Point-in-time
Customer Deposits and Store Credits	`CustomerDepositsAndStoreCredits`	$40.33M	USD	Point-in-time
Accrued Compensation	`EmployeeRelatedLiabilitiesCurrent`	$9.27M	USD	Point-in-time
Accrued Compensation	`EmployeeRelatedLiabilitiesCurrent`	$7.58M	USD	Point-in-time
Sales and Income Tax Liabilities	`TaxesPayableCurrent`	$5.84M	USD	Point-in-time
Sales and Income Tax Liabilities	`TaxesPayableCurrent`	$4.20M	USD	Point-in-time
Accrual for Legal Matters and Settlements Current	`LitigationReserveCurrent`	$97.47M	USD	Point-in-time
Accrual for Legal Matters and Settlements Current	`LitigationReserveCurrent`	$97.62M	USD	Point-in-time
Operating Lease Liabilities - Current	`OperatingLeaseLiabilityCurrent`	$30.21M	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$17.29M	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$19.43M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$242.12M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$264.10M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$20.20M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$12.83M	USD	Point-in-time
Operating Lease, Liability, Noncurrent	`OperatingLeaseLiabilityNoncurrent`	$88.33M	USD	Point-in-time
Deferred Tax Liability	`DeferredTaxLiabilitiesNoncurrent`	$828.00K	USD	Point-in-time
Deferred Tax Liability	`DeferredTaxLiabilitiesNoncurrent`	$792.00K	USD	Point-in-time
Credit Agreement	`LongTermLineOfCredit`	$67.00M	USD	Point-in-time
Credit Agreement	`LongTermLineOfCredit`	$65.00M	USD	Point-in-time
Total Liabilities	`Liabilities`	$433.09M	USD	Point-in-time
Total Liabilities	`Liabilities`	$328.12M	USD	Point-in-time
Common Stock ($0.001 par value; 35,000 shares authorized; 31,661 and 31,578 shares issued and 28,682 and 28,627 shares outstanding, respectively)	`CommonStockValue`	$32.00K	USD	Point-in-time
Common Stock ($0.001 par value; 35,000 shares authorized; 31,661 and 31,578 shares issued and 28,682 and 28,627 shares outstanding, respectively)	`CommonStockValue`	$32.00K	USD	Point-in-time
Treasury Stock, at cost (2,979 and 2,951 shares, respectively)	`TreasuryStockValue`	$141.83M	USD	Point-in-time
Treasury Stock, at cost (2,979 and 2,951 shares, respectively)	`TreasuryStockValue`	$142.16M	USD	Point-in-time
Additional Capital	`AdditionalPaidInCapitalCommonStock`	$213.74M	USD	Point-in-time
Additional Capital	`AdditionalPaidInCapitalCommonStock`	$214.80M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$76.83M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$71.91M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.39M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.27M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$197.85M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$147.40M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$143.32M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$196.33M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$576.41M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$475.52M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net Merchandise Sales	`SalesRevenueGoodsNet`	$236.49M	USD	1 Quarter
Net Merchandise Sales	`SalesRevenueGoodsNet`	$237.90M	USD	1 Quarter
Net Services Sales	`SalesRevenueServicesNet`	$28.32M	USD	1 Quarter
Net Services Sales	`SalesRevenueServicesNet`	$25.28M	USD	1 Quarter
Total Net Sales	`SalesRevenueNet`	$266.22M	USD	1 Quarter
Total Net Sales	`SalesRevenueNet`	$261.77M	USD	1 Quarter
Cost of Merchandise Sold	`CostOfGoodsSold`	$148.38M	USD	1 Quarter
Cost of Merchandise Sold	`CostOfGoodsSold`	$151.43M	USD	1 Quarter
Cost of Services Sold	`CostOfServices`	$21.18M	USD	1 Quarter
Cost of Services Sold	`CostOfServices`	$18.42M	USD	1 Quarter
Total Cost of Sales	`CostOfGoodsAndServicesSold`	$166.80M	USD	1 Quarter
Total Cost of Sales	`CostOfGoodsAndServicesSold`	$172.61M	USD	1 Quarter
Gross Profit	`GrossProfit`	$93.61M	USD	1 Quarter
Gross Profit	`GrossProfit`	$94.97M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$96.42M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$97.03M	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-3.42M	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-1.45M	USD	1 Quarter
Other Expense	`OtherNonoperatingExpense`	$321.00K	USD	1 Quarter
Other Expense	`OtherNonoperatingExpense`	$1.29M	USD	1 Quarter
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-4.71M	USD	1 Quarter
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.77M	USD	1 Quarter
Income Tax Expense	`IncomeTaxExpenseBenefit`	$213.00K	USD	1 Quarter
Income Tax Expense	`IncomeTaxExpenseBenefit`	$205.00K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.97M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-4.92M	USD	1 Quarter
Net Loss per Common ShareBasic	`EarningsPerShareBasic`	$-0.07	USD	1 Quarter
Net Loss per Common ShareBasic	`EarningsPerShareBasic`	$-0.17	USD	1 Quarter
Net Loss per Common ShareDiluted	`EarningsPerShareDiluted`	$-0.07	USD	1 Quarter
Net Loss per Common ShareDiluted	`EarningsPerShareDiluted`	$-0.17	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	28.65M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	28.51M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.65M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.51M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-1.97M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-4.92M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$4.31M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$4.72M	USD	1 Quarter
Stock-Based Compensation Expense	`ShareBasedCompensation`	$1.03M	USD	1 Quarter
Stock-Based Compensation Expense	`ShareBasedCompensation`	$858.00K	USD	1 Quarter
Loss on Disposal of Fixed Assets	`DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown`	$7.00K	USD	1 Quarter
Loss on Disposal of Fixed Assets	`DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown`	$53.00K	USD	1 Quarter
Merchandise Inventories	`IncreaseDecreaseInInventories`	$14.48M	USD	1 Quarter
Merchandise Inventories	`IncreaseDecreaseInInventories`	$-17.27M	USD	1 Quarter
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-7.08M	USD	1 Quarter
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-16.93M	USD	1 Quarter
Customer Deposits and Store Credits	`IncreaseDecreaseInCustomerDepositsAndStoreCredits`	$7.43M	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`	$4.06M	USD	1 Quarter
Accrual for Legal Matters and Settlements	`IncreaseDecreaseInOtherAccruedLiabilities`	$350.00K	USD	1 Quarter
Accrual for Legal Matters and Settlements	`IncreaseDecreaseInOtherAccruedLiabilities`	$250.00K	USD	1 Quarter
Other Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-1.94M	USD	1 Quarter
Other Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.16M	USD	1 Quarter
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$6.48M	USD	1 Quarter
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-14.88M	USD	1 Quarter
Purchases of Property and Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.05M	USD	1 Quarter
Purchases of Property and Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.25M	USD	1 Quarter
Other Investing Activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-17.00K	USD	1 Quarter
Other Investing Activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-6.00K	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.23M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.04M	USD	1 Quarter
Borrowings on Credit Agreement	`ProceedsFromLinesOfCredit`	$15.00M	USD	1 Quarter
Borrowings on Credit Agreement	`ProceedsFromLinesOfCredit`	$13.00M	USD	1 Quarter
Payments on Credit Agreement	`RepaymentsOfLinesOfCredit`	$4.00M	USD	1 Quarter
Payments on Credit Agreement	`RepaymentsOfLinesOfCredit`	$11.00M	USD	1 Quarter
Other Financing Activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-891.00K	USD	1 Quarter
Other Financing Activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-727.00K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$10.11M	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.27M	USD	1 Quarter
Effect of Exchange Rates on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$1.00M	USD	1 Quarter
Effect of Exchange Rates on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$482.00K	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.33M	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.53M	USD	1 Quarter
Cash and Cash Equivalents, Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$19.94M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$17.09M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$11.56M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$12.61M	USD	Point-in-time
Cash and Cash Equivalents, End of Year	`CashAndCashEquivalentsAtCarryingValue`	$19.94M	USD	Point-in-time
Cash and Cash Equivalents, End of Year	`CashAndCashEquivalentsAtCarryingValue`	$17.09M	USD	Point-in-time
Cash and Cash Equivalents, End of Year	`CashAndCashEquivalentsAtCarryingValue`	$11.56M	USD	Point-in-time
Cash and Cash Equivalents, End of Year	`CashAndCashEquivalentsAtCarryingValue`	$12.61M	USD	Point-in-time

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$197.85M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$147.40M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$143.32M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$196.33M	USD	Point-in-time
Stock-Based Compensation Expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.05M	USD	1 Quarter
Stock-Based Compensation Expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.01M	USD	1 Quarter
Exercise of Stock Options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$40.00K	USD	1 Quarter
Common Stock Repurchased (in shares)	`TreasuryStockSharesAcquired`	0.00	shares	Annual
Common Stock Repurchased (in shares)	`TreasuryStockSharesAcquired`	0.00	shares	1 Quarter
Common Stock Repurchased (in shares)	`TreasuryStockSharesAcquired`	0.00	shares	Annual
Common Stock Repurchased	`TreasuryStockValueAcquiredCostMethod`	$564.00K	USD	1 Quarter
Common Stock Repurchased	`TreasuryStockValueAcquiredCostMethod`	$329.00K	USD	1 Quarter
Translation Adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-32.00K	USD	1 Quarter
Translation Adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$117.00K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.97M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-4.92M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$197.85M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$147.40M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$143.32M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$196.33M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-1.97M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-4.92M	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-32.00K	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$117.00K	USD	1 Quarter
Total Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-32.00K	USD	1 Quarter
Total Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$117.00K	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-4.81M	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.