Tile Shop Holdings, Inc. (Nasdaq: TTS) (the “Company”), a specialty
retailer of natural stone and man-made tiles, setting and
maintenance materials, and related accessories, today announced
results for its fourth quarter ended December 31, 2018.
Fourth Quarter Summary
Net Sales Increased
6.8%Comparable Store Sales Increased 5.0%
Gross Margin of 70.3%Net Loss of $1.1
million; Adjusted EBITDA of $8.7 millionStore
Growth Resumed with 5 to 7 New Stores Now Planned for
2019
Management Commentary – Cabell Lolmaugh,
newly appointed CEO“We ended the year on a strong note
with our best comp performance since the third quarter of fiscal
2016. This has given us confidence to resume our store growth
in 2019, primarily in the back half of the year. Our goal is
to deliver the best assortment, the best service and the best
presentation in the tile industry and this strategy is clearly
resonating with our customers.
We are proud of our team’s accomplishments in
2018 including adding 2,000 new products to our assortment,
remerchandising all 140 stores, implementing a new pro rewards
program, redesigning our Company website, hiring a team of over 20
pro market leaders, implementing a new customer relationship
management capability, and converting to a new enterprise resource
planning system. This work has energized our employees,
benefitted our professional and retail customers and improved our
financial performance during each of the last four quarters.
More importantly, we believe this work will be the foundation for
sustained, long-term success for our customers, our employees and
our shareholders.”
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Three Months Ended |
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Full Year Ended |
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(unaudited,
amounts in thousands, except share and per |
|
December 31, |
|
December 31, |
|
share
data) |
|
2018 |
|
2017 |
|
2018 |
|
2017 |
|
Net sales |
|
$ |
83,947 |
|
$ |
78,580 |
|
$ |
357,254 |
|
$ |
344,600 |
|
Net sales
growth(1) |
|
|
6.8 |
% |
|
2.6 |
% |
|
3.7 |
% |
|
6.3 |
% |
Comparable store sales
growth(2) |
|
|
5.0 |
% |
|
(4.9) |
% |
|
(0.6) |
% |
|
0.5 |
% |
Gross margin rate |
|
|
70.3 |
% |
|
66.8 |
% |
|
70.4 |
% |
|
68.5 |
% |
Income (loss) from
operations as a % of net sales |
|
|
0.8 |
% |
|
(4.7) |
% |
|
5.1 |
% |
|
7.5 |
% |
Net (loss) income |
|
$ |
(1,080) |
|
$ |
(7,351) |
|
$ |
10,442 |
|
$ |
10,819 |
|
Net (loss) income per
share |
|
$ |
(0.02) |
|
$ |
(0.14) |
|
$ |
0.20 |
|
$ |
0.21 |
|
Adjusted EBITDA |
|
$ |
8,680 |
|
$ |
3,615 |
|
$ |
49,356 |
|
$ |
55,411 |
|
Adjusted EBITDA as a %
of net sales |
|
|
10.3 |
% |
|
4.6 |
% |
|
13.8 |
% |
|
16.1 |
% |
Number of stores open
at the end of period |
|
|
140 |
|
|
138 |
|
|
140 |
|
|
138 |
|
(1) As
compared to the prior year period.
(2)
Comparable store sales growth (decline) is the percentage change in
sales of comparable stores period over period. A store is
considered comparable on the first day of the 13th full month of
operation. When a store is relocated, it is excluded from the
comparable store sales growth calculation. Comparable store sales
growth (decline) amounts include total charges to customers less
any actual returns. Comparable store sales data reported by other
companies may be prepared on a different basis and therefore may
not be useful for purposes of comparing the Company’s results to
those of other businesses.
FOURTH QUARTER 2018
Net SalesNet sales increased $5.4 million, or
6.8%, from $78.6 million in the fourth quarter of 2017 to $83.9
million in the fourth quarter of 2018. The increase was due to a
$3.9 million increase in net sales generated by comparable stores
and $1.4 million in net sales generated by stores not included in
the comparable store base. Comparable store sales growth was 5.0%
for the fourth quarter of 2018 versus a comparable store sales
decline of 4.9% for the fourth quarter of 2017.
Gross ProfitGross profit increased $6.5
million, or 12.4%, from $52.5 million in the fourth quarter of 2017
to $59.0 million in the fourth quarter of 2018. The gross margin
rate was 70.3% for the fourth quarter of 2018 and 66.8% for the
fourth quarter of 2017. The improvement in the gross margin rate
was primarily due to decreased promotional activity.
Selling, General and Administrative
Expenses Selling, general and administrative expenses
increased $2.1 million, or 3.8%, from $56.1 million in the fourth
quarter of 2017 to $58.3 million in the fourth quarter of
2018. The $2.1 million increase was primarily due to $1.7
million of planned strategic investments in store and distribution
center compensation, regional sales leadership and pro market
managers.
Income TaxIncome tax expense of
$1.0 million during the fourth quarter of 2018 included a $0.9
million write-off of deferred tax assets associated with employee
stock options that expired during the quarter.
InventoryInventory increased to
$110.1 million from $106.3 million at the end of the third quarter
of 2018, or 3.6%, as the Company completed its product expansion
initiative. The increase was attributable to the final stage
investment in new products added to the Company’s assortment during
the quarter.
Long-Term DebtLong-term debt
increased $7.0 million from $46.0 million in the third quarter of
2018 to $53.0 million in the fourth quarter of 2018. The increase
was attributable to the continued expansion of the Company’s
product assortment resulting in an increase in inventory and
merchandising fixtures investments.
DIVIDENDThe Board of Directors
declared a quarterly dividend of $0.05 per common share.
The dividend is payable March 15, 2019 to shareholders of
record at the close of business on March 4, 2019.
OUTLOOKThe Company is providing
the 2019 annual outlook as follows:
- Gross margin rate of 69% to 70%.
- Selling, general and administrative expense growth limited
primarily to expense increases associated with revenue growth and
the addition of new stores. No new planned strategic
investments in 2019.
- Income tax expense rate of approximately 27%.
- 5 to 7 new store openings in 2019. We did not renew the lease
for our Overland Park, Kansas store and it closed on January 1,
2019.
- Capital investment of approximately $25 million, including
investments for new stores, existing store remodels, and store
merchandising initiatives.
- Inventory reduction of approximately $10-$15 million as we
begin to utilize the new supply chain management tools associated
with our new enterprise resource planning system.
The Company is reaffirming its long-term targets as follows:
- Adjusted EBITDA margin of 20% or greater
- Pretax return on capital employed of 20% or greater
NON-GAAP INFORMATION
Adjusted EBITDA
Adjusted EBITDA for the fourth quarter of 2018
was $8.7 million compared with $3.6 million for the fourth quarter
of 2017. See the table below for a reconciliation of GAAP net
income to Adjusted EBITDA.
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Three Months Ended |
($ in
thousands) |
|
December 31, |
|
|
2018 |
|
% of net sales(2) |
|
2017 |
|
% of net sales(1)(2) |
Net loss |
|
$ |
(1,080) |
|
(1.3) |
% |
|
$ |
(7,351) |
|
(9.4)% |
Interest expense |
|
|
824 |
|
1.0 |
% |
|
|
419 |
|
0.5% |
Income taxes |
|
|
1,001 |
|
1.2 |
% |
|
|
3,306 |
|
4.2% |
Depreciation &
amortization |
|
|
7,216 |
|
8.6 |
% |
|
|
6,844 |
|
8.7% |
Stock based
compensation |
|
|
719 |
|
0.9 |
% |
|
|
397 |
|
0.5% |
Adjusted EBITDA |
|
$ |
8,680 |
|
10.3 |
% |
|
$ |
3,615 |
|
4.6% |
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Full Year Ended |
($ in
thousands) |
|
December 31, |
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|
2018 |
|
% of net sales(2) |
|
|
2017 |
% of net sales(1)(2) |
Net income |
|
$ |
10,442 |
|
2.9 |
% |
|
$ |
10,819 |
|
3.1% |
Interest expense |
|
|
2,690 |
|
0.8 |
% |
|
|
1,857 |
|
0.5% |
Income taxes |
|
|
5,158 |
|
1.4 |
% |
|
|
13,340 |
|
3.9% |
Depreciation &
amortization |
|
|
28,396 |
|
7.9 |
% |
|
|
26,239 |
|
7.6% |
Stock based
compensation |
|
|
2,669 |
|
0.7 |
% |
|
|
3,156 |
|
0.9% |
Adjusted EBITDA |
|
$ |
49,355 |
|
13.8 |
% |
|
$ |
55,411 |
|
16.1% |
(1) In prior periods, the Company also adjusted for special
charges, including shareholder and other litigation costs. The
Company has recast the Adjusted EBITDA presentation for the three
months and full year ended December 31, 2017 to conform to the
current presentation.(2) Amounts do not foot due to rounding.
Pretax Return on Capital Employed
Pretax Return on Capital Employed was calculated based on GAAP
information. The Company believes this metric is useful in
assessing the effectiveness of our capital allocation over time.
Other companies may calculate Pretax Return on Capital Employed
differently, limiting the usefulness of the measure for comparative
purposes.
Pretax Return on Capital Employed was 9.7% for the trailing
twelve months as of the end of the fourth quarter 2018 compared to
15.1% for the trailing twelve months as of the end of the fourth
quarter 2017. See the Pretax Return on Capital Employed calculation
in the table below.
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($ in
thousands) |
|
December 31, |
|
|
|
2018(1) |
|
2017(1) |
|
Income from operations
(trailing twelve months) |
|
$ |
18,138 |
|
$ |
25,846 |
|
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|
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|
|
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|
|
Total Assets |
|
|
288,722 |
|
|
264,503 |
|
Less:
Accounts payable |
|
|
(27,785) |
|
|
(24,281) |
|
Less:
Income tax payable |
|
|
(111) |
|
|
(818) |
|
Less:
Other accrued liabilities |
|
|
(27,269) |
|
|
(23,720) |
|
Less:
Deferred rent |
|
|
(42,974) |
|
|
(39,739) |
|
Less:
Other long-term liabilities |
|
|
(4,091) |
|
|
(5,160) |
|
Capital Employed |
|
|
186,492 |
|
|
170,785 |
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|
|
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Pretax Return on
Capital Employed |
|
|
9.7 |
% |
|
15.1 |
% |
(1) Income statement accounts represent the activity for the
trailing twelve months ended as of each of the balance sheet dates.
Balance sheet accounts represent the average account balance for
the four quarters ended as of each of the balance sheet dates.
Webcast and Conference Call
As announced on January 25, 2019, the Company will host a
conference call via live webcast for investors and other interested
parties beginning at 9:00 a.m. Eastern Time on Tuesday, February
19, 2019. The call will be hosted by Cabell Lolmaugh, CEO,
Kirk Geadelmann, CFO, Robert Rucker, previous Interim CEO, and Ken
Cooper, Investor Relations.
Participants may access the live webcast by visiting the
Company’s Investor Relations page at www.tileshop.com. The call can
also be accessed by dialing (844) 421-0597, or (716) 247-5787 for
international participants. A webcast replay of the call will be
available on the Company’s Investor Relations page at
www.tileshop.com.
Additional details can be located at www.tileshop.com under the
Financial Information – SEC Filings section of the Company’s
Investor Relations page.
Contacts:Investors and Media:Ken
Cooper763-852-2950ken.cooper@tileshop.com
About The Tile Shop
The Tile Shop is a leading specialty retailer of
man-made and natural stone tiles, setting and maintenance
materials, and related accessories in the United States. The Tile
Shop offers a wide selection of high quality products, exclusive
designs, knowledgeable staff and exceptional customer service, in
an extensive showroom environment with up to 50 full-room tiled
displays which are enhanced by the complimentary Design Studio – a
collaborative platform to create customized 3D design renderings to
scale, allowing customers to bring their design ideas to life. The
Tile Shop currently operates 139 stores in 31 states and the
District of Columbia, with an average size of 20,200 square feet.
For more information, visit www.tileshop.com.
The Tile Shop is a proud member of the American
Society of Interior Designers (ASID), National Association of
Homebuilders (NAHB), National Kitchen and Bath Association (NKBA),
and the National Tile Contractors Association (NTCA). Visit
www.tileshop.com. Join The Tile Shop (#thetileshop) on Facebook,
Instagram, Pinterest and Twitter. Non-GAAP
Financial Measures
The Company calculates Adjusted EBITDA by taking
net income calculated in accordance with GAAP, and adjusting for
interest expense, income taxes, depreciation and amortization, and
stock based compensation. In prior periods, the Company also
adjusted for special charges, including shareholder and other
litigation costs. The Company has recast the Adjusted EBITDA
presentation for the three months and full year ended
December 31, 2017 to conform to the current presentation.
Adjusted EBITDA margin is equal to Adjusted EBITDA divided by net
sales. The Company calculates pretax return on capital employed by
taking income from operations divided by capital employed. Capital
employed equals total assets less accounts payable, income taxes
payable, other accrued liabilities, deferred rent and other
long-term liabilities.
The Company believes that these non-GAAP
measures of financial results provide useful information to
management and investors regarding certain financial and business
trends relating to the Company’s financial condition and results of
operations. Company management uses these non-GAAP measures
to compare Company performance to that of prior periods for trend
analyses, for purposes of determining management incentive
compensation, and for budgeting and planning purposes. These
measures are used in monthly financial reports prepared for
management and the Board of Directors. The Company believes
that the use of these non-GAAP financial measures provides an
additional tool for investors to use in evaluating ongoing
operating results and trends and in comparing the Company’s
financial measures with other specialty retailers, many of which
present similar non-GAAP financial measures to investors.
Company management does not consider these
non-GAAP measures in isolation or as an alternative to financial
measures determined in accordance with GAAP. The principal
limitations of these non-GAAP financial measures are that they
exclude significant expenses and income that are required by GAAP
to be recognized in the Company’s consolidated financial
statements. In addition, they are subject to inherent
limitations as they reflect the exercise of judgments by management
about which expenses and income are excluded or included in
determining these non-GAAP financial measures. In order to
compensate for these limitations, management presents non-GAAP
financial measures in connection with GAAP results. The
Company urges investors to review the reconciliation of these
non-GAAP financial measures to the comparable GAAP financial
measures and not to rely on any single financial measure to
evaluate the
business.
FORWARD LOOKING STATEMENTS
This press release includes “forward looking
statements” within the meaning of the “safe harbor” provisions of
the United States Private Securities Litigation Reform Act of
1995. Forward looking statements may be identified by the use
of words such as “anticipate”, “believe”, “expect”, “estimate”,
“plan”, “outlook”, and “project” and other similar expressions that
predict or indicate future events or trends or that are not
statements of historical matters. These forward looking
statements include any statements regarding the Company’s strategic
and operational plan and expected financial performance (including
the financial performance of new stores). Forward looking
statements should not be read as a guarantee of future performance
or results, and will not necessarily be accurate indications of the
times at, or by, which such performance or results will be
achieved. Forward looking statements are based on information
available at the time those statements are made and/or management’s
good faith belief as of that time with respect to future events,
and are subject to risks and uncertainties that could cause actual
performance or results to differ materially from those expressed in
or suggested by the forward looking statements, including but not
limited to unforeseen events that may affect the retail market or
the performance of the Company’s stores. The Company does not
intend, and undertakes no duty, to update this information to
reflect future events or circumstances. Investors are
referred to the most recent reports filed with the SEC by the
Company.
Tile Shop Holdings, Inc. and
SubsidiariesConsolidated Balance
Sheets($ in thousands, except share
data)
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(Unaudited) |
|
(Audited) |
|
|
December 31, |
|
December 31, |
|
|
2018 |
|
2017 |
Assets |
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
Cash and cash
equivalents |
|
$ |
5,557 |
|
$ |
6,621 |
Restricted cash |
|
|
825 |
|
|
855 |
Receivables, net |
|
|
3,084 |
|
|
2,381 |
Inventories |
|
|
110,095 |
|
|
85,259 |
Income tax
receivable |
|
|
3,548 |
|
|
5,726 |
Other current assets,
net |
|
|
7,181 |
|
|
4,717 |
Total Current
Assets |
|
|
130,290 |
|
|
105,559 |
Property, plant and
equipment, net |
|
|
158,356 |
|
|
151,405 |
Deferred tax
assets |
|
|
7,225 |
|
|
11,654 |
Other assets |
|
|
1,759 |
|
|
2,107 |
Total
Assets |
|
$ |
297,630 |
|
$ |
270,725 |
|
|
|
|
|
|
|
Liabilities and
Stockholders' Equity |
|
|
|
|
|
|
Current
liabilities: |
|
|
|
|
|
|
Accounts payable |
|
$ |
25,853 |
|
$ |
30,771 |
Current portion of
long-term debt |
|
|
- |
|
|
8,833 |
Income tax payable |
|
|
179 |
|
|
17 |
Other accrued
liabilities |
|
|
24,484 |
|
|
22,413 |
Total Current
Liabilities |
|
|
50,516 |
|
|
62,034 |
Long-term debt,
net |
|
|
53,000 |
|
|
18,182 |
Capital lease
obligation, net |
|
|
436 |
|
|
576 |
Deferred rent |
|
|
43,579 |
|
|
41,290 |
Other long-term
liabilities |
|
|
3,752 |
|
|
4,769 |
Total
Liabilities |
|
|
151,283 |
|
|
126,851 |
|
|
|
|
|
|
|
Stockholders’
Equity: |
|
|
|
|
|
|
Common stock, par value
$0.0001; authorized: 100,000,000 shares; issued and outstanding:
52,707,879 and 52,156,850 shares, respectively |
|
|
5 |
|
|
5 |
Preferred stock, par
value $0.0001; authorized: 10,000,000 shares; issued and
outstanding: 0 shares |
|
|
- |
|
|
- |
Additional
paid-in-capital |
|
|
172,255 |
|
|
180,109 |
Accumulated
deficit |
|
|
(25,857) |
|
|
(36,239) |
Accumulated other
comprehensive loss |
|
|
(56) |
|
|
(1) |
Total
Stockholders' Equity |
|
|
146,347 |
|
|
143,874 |
Total
Liabilities and Stockholders' Equity |
|
$ |
297,630 |
|
$ |
270,725 |
Tile Shop Holdings, Inc. and
SubsidiariesConsolidated Statements of
Operations($ in thousands, except share, and per
share data)(Unaudited)
|
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|
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|
|
|
|
|
Three Months Ended |
|
Twelve Months Ended, |
|
|
December 31, |
|
December 31, |
|
|
2018 |
|
2017 |
|
2018 |
|
2017 |
Net sales |
|
$ |
83,947 |
|
$ |
78,580 |
|
$ |
357,254 |
|
$ |
344,600 |
Cost of sales |
|
|
24,969 |
|
|
26,113 |
|
|
105,915 |
|
|
108,378 |
Gross profit |
|
|
58,978 |
|
|
52,467 |
|
|
251,339 |
|
|
236,222 |
Selling, general and administrative expenses |
|
|
58,273 |
|
|
56,131 |
|
|
233,201 |
|
|
210,376 |
Income (loss) from operations |
|
|
705 |
|
|
(3,664) |
|
|
18,138 |
|
|
25,846 |
Interest expense |
|
|
(824) |
|
|
(419) |
|
|
(2,690) |
|
|
(1,857) |
Other income |
|
|
40 |
|
|
38 |
|
|
152 |
|
|
170 |
(Loss) Income before income taxes |
|
|
(79) |
|
|
(4,045) |
|
|
15,600 |
|
|
24,159 |
Provision for income taxes |
|
|
(1,001) |
|
|
(3,306) |
|
|
(5,158) |
|
|
(13,340) |
Net (loss) income |
|
$ |
(1,080) |
|
$ |
(7,351) |
|
$ |
10,442 |
|
$ |
10,819 |
|
|
|
|
|
|
|
|
|
|
|
|
|
(Loss) Earnings per common share: |
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
$ |
(0.02) |
|
$ |
(0.14) |
|
$ |
0.20 |
|
$ |
0.21 |
Diluted |
|
$ |
(0.02) |
|
$ |
(0.14) |
|
$ |
0.20 |
|
$ |
0.21 |
|
|
|
|
|
|
|
|
|
|
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|
|
Weighted average shares outstanding: |
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
51,940,086 |
|
|
51,881,591 |
|
|
51,907,619 |
|
|
51,700,045 |
Diluted |
|
|
51,940,086 |
|
|
51,881,591 |
|
|
52,089,160 |
|
|
51,927,877 |
Tile Shop Holdings, Inc. and
SubsidiariesRate
Analysis(Unaudited)
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|
|
Three Months Ended |
|
Twelve Months Ended |
|
|
December 31, |
|
December 31, |
|
|
2018 |
|
2017 |
|
2018 |
|
2017 |
Gross margin rate |
|
70.3 |
% |
|
66.8 |
% |
|
70.4 |
% |
|
68.5 |
% |
SG&A expense
rate |
|
69.4 |
% |
|
71.4 |
% |
|
65.3 |
% |
|
61.0 |
% |
Income (loss) from
operations margin rate |
|
0.8 |
% |
|
(4.7) |
% |
|
5.1 |
% |
|
7.5 |
% |
Adjusted EBITDA margin
rate |
|
10.3 |
% |
|
4.6 |
% |
|
13.8 |
% |
|
16.1 |
% |
Tile Shop Holdings, Inc. and
SubsidiariesConsolidated Statements of Cash
Flows($ in
thousands)(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the years ended, |
|
|
2018 |
|
2017 |
Cash Flows From
Operating Activities |
|
|
|
|
|
|
Net
income |
|
$ |
10,442 |
|
$ |
10,819 |
Adjustments to
reconcile net income to net cash provided by operating
activities: |
|
|
|
|
|
|
Depreciation & amortization |
|
|
28,396 |
|
|
26,239 |
Amortization of debt issuance costs |
|
|
756 |
|
|
691 |
Loss on
disposals of property, plant and equipment |
|
|
353 |
|
|
210 |
Impairment charges of property, plant and equipment |
|
|
652 |
|
|
1,072 |
Deferred
rent |
|
|
2,386 |
|
|
3,884 |
Stock
based compensation |
|
|
2,669 |
|
|
3,156 |
Deferred
income taxes |
|
|
4,429 |
|
|
9,737 |
Changes
in operating assets and liabilities: |
|
|
|
|
|
|
Trade
receivables |
|
|
(703) |
|
|
33 |
Inventories |
|
|
(24,836) |
|
|
(10,964) |
Prepaid
expenses and other current assets |
|
|
(2,410) |
|
|
4,159 |
Accounts
payable |
|
|
(8,201) |
|
|
12,048 |
Income
tax receivable / payable |
|
|
2,229 |
|
|
(4,159) |
Accrued
expenses and other liabilities |
|
|
2,008 |
|
|
(11,234) |
Net cash
provided by operating activities |
|
|
18,170 |
|
|
45,691 |
Cash Flows From
Investing Activities |
|
|
|
|
|
|
Purchases
of property, plant and equipment |
|
|
(35,287) |
|
|
(40,556) |
Proceeds
from insurance |
|
|
1,033 |
|
|
- |
Proceeds
from the sale of property, plant and equipment |
|
|
111 |
|
|
7 |
Net cash
used in investing activities |
|
|
(34,143) |
|
|
(40,549) |
Cash Flows From
Financing Activities |
|
|
|
|
|
|
Payments
of long-term debt and capital lease obligations |
|
|
(103,267) |
|
|
(36,575) |
Advances
on line of credit |
|
|
129,095 |
|
|
35,000 |
Dividends
paid |
|
|
(10,404) |
|
|
(10,366) |
Proceeds
from exercise of stock options |
|
|
- |
|
|
1,639 |
Employee
taxes paid for shares withheld |
|
|
(119) |
|
|
(318) |
Debt
issuance costs |
|
|
(374) |
|
|
- |
Net cash
provided by (used in) financing activities |
|
|
14,931 |
|
|
(10,620) |
Effect of exchange rate
changes on cash |
|
|
(52) |
|
|
6 |
Net
change in cash |
|
|
(1,094) |
|
|
(5,472) |
Cash and
cash equivalents beginning of period |
|
|
7,476 |
|
|
12,948 |
Cash and cash
equivalents end of period |
|
$ |
6,382 |
|
$ |
7,476 |
|
|
|
|
|
|
|
Cash and cash
equivalents |
|
|
5,557 |
|
|
6,621 |
Restricted cash |
|
|
825 |
|
|
855 |
Cash, cash
equivalents and restricted cash end of period |
|
$ |
6,382 |
|
$ |
7,476 |
|
|
|
|
|
|
|
Supplemental disclosure
of cash flow information |
|
|
|
|
|
|
Purchases
of property, plant and equipment included in accounts payable and
accrued expenses |
|
$ |
3,974 |
|
$ |
636 |
Cash paid
for interest |
|
|
2,625 |
|
|
1,822 |
Cash paid
for income taxes, net of refunds |
|
|
1,507 |
|
|
7,603 |
Tile Shop (NASDAQ:TTS)
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Tile Shop (NASDAQ:TTS)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024