Tile shop holdings, inc. (TTS)
Income statement / Quarterly
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'12Jun'12Mar'12Sep'11
Net sales

94,279

78,596

85,944

88,903

86,908

83,947

89,259

92,914

91,134

78,580

84,421

89,464

92,135

76,614

78,559

84,270

84,714

71,914

72,404

75,706

72,963

63,342

62,806

66,665

64,379

57,806

56,800

58,123

56,835

46,187

44,288

46,314

45,861

37,083

Cost of sales

29,324

24,848

26,775

27,543

25,066

24,969

26,248

27,602

27,096

26,113

27,759

27,116

27,390

23,281

23,400

25,571

25,009

21,281

21,691

24,413

21,992

19,343

19,348

20,163

19,446

18,050

16,986

17,257

16,462

12,602

12,196

12,655

12,173

9,872

Gross profit

64,955

53,748

59,169

61,360

61,842

58,978

63,011

65,312

64,038

52,467

56,662

62,348

64,745

53,333

55,159

58,699

59,705

50,633

50,713

51,293

50,971

43,999

43,458

46,502

44,933

39,756

39,814

40,866

40,373

33,585

32,092

33,659

33,688

27,211

Selling, general and administrative expenses

62,361

58,162

59,804

60,562

58,948

58,273

59,131

57,870

57,927

56,131

52,285

50,748

51,212

51,683

47,361

46,990

47,949

43,706

44,047

42,855

43,776

40,210

39,752

39,382

37,972

36,780

32,207

30,390

28,354

26,110

23,899

22,643

22,064

19,992

Deferred compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,624

113

1,160

373

Income from operations

2,594

-4,414

-635

798

2,894

705

3,880

7,442

6,111

-3,664

4,377

11,600

13,533

1,650

7,798

11,709

11,756

6,927

6,666

8,438

7,195

3,789

3,706

7,120

6,961

2,976

7,607

10,476

12,019

7,475

5,569

10,903

10,464

6,845

Interest expense

848

844

1,027

943

978

824

715

597

554

419

505

448

485

333

363

449

570

483

503

795

803

789

906

735

711

712

780

495

594

627

450

85

90

97

Other income

-

-10

5

2

15

40

40

37

35

38

34

62

36

39

34

37

31

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-2,374

-51,845

-40,356

-41,707

0

0

0

Other income (expense)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33

34

34

29

-143

-290

-4

-69

65

-20

-8

-33

-7

1

14

7

6

Income before income taxes

1,746

-5,268

-1,657

-143

1,931

-79

3,205

6,882

5,592

-4,045

3,906

11,214

13,084

1,356

7,469

11,297

11,217

6,477

6,197

7,677

6,421

2,857

2,510

6,381

6,181

2,329

6,807

7,599

-40,453

-33,515

-36,587

10,832

10,381

6,754

Benefit (provision) for income taxes

-1,756

-1,022

-274

11

611

1,001

652

1,924

1,581

3,306

1,468

3,491

5,075

1,083

2,886

4,448

4,459

2,691

2,436

3,187

2,762

1,351

1,006

2,553

2,472

906

2,757

4,015

4,264

2,298

-4,723

175

248

153

Net income

3,502

-4,246

-1,383

-154

1,320

-1,080

2,553

4,958

4,011

-7,351

2,438

7,723

8,009

273

4,583

6,849

6,758

3,786

3,761

4,490

3,659

1,506

1,504

3,828

3,709

1,423

4,050

3,584

-44,717

-35,813

-31,864

10,657

10,133

6,601

Income per common share:
Basic

0.07

-0.09

-0.03

0.00

0.03

-0.03

0.05

0.10

0.08

-0.15

0.05

0.15

0.16

0.01

0.09

0.13

0.13

0.08

0.07

0.09

0.07

0.03

0.03

0.08

0.07

0.13

0.08

0.07

-1.00

-

-0.87

0.33

-

-

Diluted

0.07

-0.09

-0.03

0.00

0.03

-0.03

0.05

0.10

0.08

-0.14

0.05

0.15

0.15

0.01

0.09

0.13

0.13

0.08

0.07

0.09

0.07

0.04

0.03

0.07

0.07

0.13

0.08

0.07

-1.00

-

-0.87

0.33

-

-

Weighted average shares outstanding:
Basic

49,842

49,766

49,769

50,999

51,961

51,940

51,920

51,887

51,881

51,886

51,757

51,633

51,523

51,510

51,426

51,378

51,359

51,231

51,161

51,125

51,125

51,041

51,016

51,003

51,000

51,079

50,911

51,556

44,854

-

36,581

32,000

-

-

Diluted

49,842

49,690

49,769

50,999

52,037

52,133

52,303

52,019

51,899

51,293

52,053

52,223

52,140

51,986

51,929

51,937

51,666

51,242

51,424

51,388

51,163

50,372

51,066

51,323

51,356

48,395

51,892

53,259

44,854

-

36,581

32,000

-

-

Dividends declared per share

-

-

0.05

0.05

-

0.05

0.05

0.05

0.05

0.05

0.05

0.05

0.05

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic and diluted (in Dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.32

0.21

Basic and diluted (in Shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32,000

32,000

Historical loss before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-33,515

-36,587

10,832

10,381

-

Historical income (loss) before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,754

Pro forma provision for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,657

2,150

4,311

4,152

2,837

Pro forma weighted average basic and diluted shares outstanding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

42,534

42,534

Pro forma net (loss) income (in Dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.15

0.09

Pro forma net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-38,737

6,521

6,229

3,917