Tile shop holdings, inc. (TTS)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Dec'11
Assets
Current assets:
Cash and cash equivalents

5,701

9,104

8,371

4,403

7,936

5,557

10,105

9,907

7,152

6,621

12,429

12,006

13,589

6,067

9,835

13,407

16,405

10,330

14,644

12,829

8,959

5,759

5,674

3,526

4,287

1,761

3,850

3,810

15,763

2,987

5,960

6,283

Restricted cash

815

815

825

825

825

825

835

835

835

855

855

855

3,000

3,000

210

210

219

219

-

-

-

219

-

-

-

985

2,133

-

-

-

1,000

0

Receivables, net

4,209

3,370

4,611

4,961

5,942

3,084

3,723

3,217

2,885

2,381

2,663

3,024

2,973

2,414

2,560

2,853

2,368

1,966

2,248

2,261

2,264

1,712

1,897

2,004

1,506

1,198

1,414

1,537

1,281

1,009

1,096

738

Inventories

86,295

97,620

100,080

106,657

110,804

110,095

106,310

100,426

88,317

85,259

70,927

67,286

69,280

74,295

66,379

63,132

64,236

69,878

63,195

64,590

63,466

68,857

67,287

63,892

66,282

67,756

71,863

58,684

49,080

46,890

40,662

43,743

Prepaid inventory

-

-

-

-

-

-

-

-

-

-

-

-

-

-

415

337

378

568

-

-

-

345

-

-

-

4,311

5,197

8,659

6,875

6,051

-

-

Prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,491

1,327

2,169

-

7,450

3,838

Income tax receivable

9,298

3,090

3,854

3,646

3,086

3,548

3,362

3,477

4,616

5,726

2,870

1,549

378

1,670

1,226

1,214

363

735

820

667

1,192

4,937

4,344

6,029

4,013

9,528

3,246

6,677

0

2,529

-

-

Note receivable from member

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,205

Deferred tax assets - current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,588

10,523

10,522

9,364

9,364

5,216

0

Other current assets, net

8,049

8,180

7,042

7,412

7,904

7,181

6,921

5,798

6,559

4,717

4,675

3,638

4,332

8,755

3,890

2,637

3,188

3,557

-

-

-

2,791

-

-

-

2,577

1,090

544

3,862

2,983

428

381

Deferred tax and other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,281

7,617

7,254

-

6,449

5,330

6,148

-

-

-

-

-

-

-

Total Current Assets

114,367

122,179

124,783

127,904

136,497

130,290

131,256

123,660

110,364

105,559

94,419

88,358

93,552

96,201

84,515

83,790

87,157

87,253

89,188

87,964

83,135

84,620

85,651

80,781

82,236

91,704

100,807

91,760

88,394

71,813

61,816

56,191

Property, plant and equipment, net

121,069

130,461

137,151

140,636

143,785

158,356

153,453

150,505

150,156

151,405

151,388

147,941

144,945

141,037

137,774

135,781

136,004

135,115

134,789

134,805

137,658

139,294

141,024

137,922

132,449

123,289

112,853

99,945

91,588

82,080

71,302

62,065

Right of use asset

135,451

137,737

143,789

142,087

141,791

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax assets

2,741

7,196

-

-

-

7,225

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Note receivable from member

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Long-term restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

2,612

3,881

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax assets

-

-

5,385

5,290

7,249

-

10,239

10,636

11,228

11,654

17,919

18,868

20,168

21,391

19,781

20,417

20,563

20,846

-

-

-

26,589

-

-

-

24,192

19,735

19,354

21,146

20,865

27,906

0

Other assets

1,988

2,241

1,251

1,408

1,606

1,759

1,952

1,861

1,947

2,107

2,223

2,441

2,452

2,763

1,723

1,677

1,734

1,793

-

-

-

1,687

-

-

-

2,457

2,363

1,248

1,313

1,316

804

748

Deferred tax and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24,169

26,865

25,122

-

25,268

25,335

25,498

-

-

-

-

-

-

-

Total Assets

375,616

399,814

412,359

417,325

430,928

297,630

296,900

286,662

273,695

270,725

265,949

257,608

263,729

265,273

243,793

241,665

245,458

245,007

248,146

249,634

245,915

252,190

251,943

244,038

240,183

241,642

235,758

212,307

202,441

176,074

161,829

119,005

Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable

15,403

18,181

19,855

23,600

31,811

25,853

25,725

33,577

25,986

30,771

28,406

19,443

18,504

20,321

18,008

15,795

14,204

14,584

15,621

15,804

12,233

13,759

13,638

10,164

13,517

22,867

25,656

23,044

16,868

14,968

15,639

10,317

Current portion of long-term debt

-

-

-

-

-

-

-

6,958

9,459

8,833

8,193

7,561

6,922

6,286

5,600

4,893

4,806

4,744

-

-

-

3,595

-

-

-

3,590

3,590

3,590

3,860

3,860

360

559

Income tax payable

47

87

13

30

64

179

172

50

43

17

157

381

2,716

120

404

1,556

3,583

1,101

3,252

4,290

3,186

0

-

-

-

-

0

-

1,682

-

-

-

Current portion of lease liability

27,751

26,993

26,653

25,997

25,236

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued wages and salaries

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,194

3,351

3,672

-

2,541

2,617

Other accrued liabilities

27,363

24,589

25,871

25,395

28,727

24,484

27,790

27,137

29,665

22,413

23,970

22,802

25,693

33,461

22,764

22,241

23,930

19,327

22,414

22,161

23,192

14,798

18,931

17,309

19,441

13,528

9,808

8,618

10,719

10,880

4,350

3,399

Current portion of capital lease obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

269

255

245

-

225

194

Current portion of promissory note including accrued interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,805

0

Deferred compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

6,168

6,171

6,171

6,014

0

Distributions payable to members

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

4,251

Total Current Liabilities

70,564

69,850

72,392

75,022

85,838

50,516

53,687

67,722

65,153

62,034

60,726

50,187

53,835

60,188

46,776

44,485

46,523

39,756

41,287

42,255

38,611

32,152

32,569

27,473

32,958

39,985

42,517

45,026

43,217

35,879

32,936

21,339

Long-term debt

37,500

63,000

63,000

63,000

50,000

53,000

46,000

22,498

15,692

18,182

5,689

11,300

20,272

22,126

18,469

24,904

36,226

51,178

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term lease liability, net

128,187

131,451

138,489

137,340

138,550

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financing lease obligation, net

230

274

317

358

398

436

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt obligations, net of current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

57,555

63,805

70,150

88,525

90,400

91,275

89,750

91,646

86,521

71,370

63,310

69,310

1,085

2,445

Capital lease obligation, net

-

-

-

-

-

-

473

509

543

576

608

639

668

697

725

751

775

797

818

838

858

890

943

996

1,078

1,161

1,232

1,283

1,352

1,420

1,479

1,654

Deferred rent

-

-

-

-

-

43,579

43,419

42,938

41,958

41,290

40,372

39,060

38,234

37,595

37,028

36,408

35,812

34,983

35,320

34,793

34,029

33,163

31,247

30,159

27,151

25,800

23,130

22,089

20,414

18,583

17,751

15,583

Warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

95,645

-

-

Promissory note

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

66,271

0

Other long-term liabilities

4,263

4,340

3,482

3,582

3,857

3,752

3,931

4,205

4,477

4,769

5,043

5,290

5,536

5,768

3,400

3,527

2,923

3,092

3,260

3,429

3,598

3,765

3,935

4,103

4,272

4,554

4,553

0

37,489

-

56,690

0

Deferred compensation and other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,836

Total Liabilities

240,744

268,915

277,680

279,302

278,643

151,283

147,510

137,872

127,823

126,851

112,438

106,476

118,545

126,374

106,398

110,075

122,259

129,806

138,240

145,120

147,246

158,495

159,094

154,006

155,209

163,146

157,953

139,768

165,782

220,837

176,214

43,858

Commitments and Contingencies (see Note 11)

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Stockholders’ Equity:
Common stock, par value $0.0001; authorized: 100,000,000 shares; issued and outstanding: 51,396,986 and 50,806,674 shares, respectively

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

4

4

3

Preferred stock, par value $0.0001; authorized: 10,000,000 shares; issued and outstanding: 0 shares

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

-

0

0

0

0

-

0

0

0

0

0

0

Additional paid-in-capital

156,969

156,482

156,037

157,961

170,306

172,255

174,207

176,124

178,126

180,109

182,410

182,491

186,850

185,998

184,893

182,981

181,430

180,192

178,678

177,040

175,686

174,371

173,664

172,350

171,121

169,719

169,084

167,867

135,572

9,434

4,000

8,174

Treasury units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

261

Accumulated deficit

-22,016

-25,518

-21,272

-19,889

-17,997

-25,857

-24,777

-27,331

-32,288

-36,239

-28,888

-31,326

-41,630

-47,058

-47,482

-51,378

-58,227

-64,985

-68,771

-72,532

-77,022

-80,681

-80,820

-82,323

-86,152

-91,228

-91,284

-95,333

-98,918

-54,201

-18,388

67,230

Accumulated other comprehensive loss

-86

-70

-91

-54

-29

-56

-45

-8

29

-1

-16

-38

-41

-46

-21

-18

-9

-11

-6

1

-

0

-

-

-

-

-

-

-

-

-

-

Total Stockholders' Equity

134,872

130,899

134,679

138,023

152,285

146,347

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Stockholders' Equity

-

-

-

-

-

-

149,390

148,790

145,872

143,874

153,511

151,132

145,184

138,899

137,395

131,590

123,199

115,201

109,906

104,514

98,669

93,695

92,849

90,032

84,974

78,496

77,805

72,539

36,659

-44,763

-14,384

75,146

Total Liabilities and Stockholders' Equity

375,616

399,814

412,359

417,325

430,928

297,630

296,900

286,662

273,695

270,725

265,949

257,608

263,729

265,273

243,793

241,665

245,458

245,007

248,146

249,634

245,915

252,190

251,943

244,038

240,183

241,642

235,758

212,307

202,441

176,074

161,829

119,005