falsedesktopSIC2020-09-30000156459020051057{"tbl_sim": "https://q10k.com/tbl-sim", "search": "https://q10k.com/search"}{"q10k_tbl_0": "Delaware\t47-4640296\n(State or other jurisdiction of incorporation or organization)\t(I.R.S. Employer Identification No.)\n400 Galleria Parkway Suite 1760 Atlanta Georgia\t30339\n(Address of principal executive offices)\t(Zip Code)\n", "q10k_tbl_1": "Large accelerated filer\t☐\tAccelerated filer\t☒\nNon-accelerated filer\t☐\tSmaller reporting company\t☐\n\t\tEmerging growth company\t☒\n", "q10k_tbl_2": "\t\tPage No.\nPART I.\tFINANCIAL INFORMATION\t\nItem 1.\tFinancial Statements (Unaudited)\t1\n\tCondensed Consolidated Balance Sheets (Unaudited)\t1\n\tCondensed Consolidated Statements of Operations (Unaudited)\t2\n\tCondensed Consolidated Statements of Cash Flows (Unaudited)\t3\n\tConsolidated Statements of Changes in Equity (Unaudited)\t4\n\tNotes to Condensed Consolidated Financial Statements (Unaudited)\t5\nItem 2.\tManagement's Discussion and Analysis of Financial Condition and Results of Operations\t25\nItem 3.\tQuantitative and Qualitative Disclosures About Market Risk\t35\nItem 4.\tControls and Procedures\t36\nPART II.\tOTHER INFORMATION\t\nItem 1.\tLegal Proceedings\t37\nItem 1A.\tRisk Factors\t37\nItem 2.\tUnregistered Sales of Equity Securities and Use of Proceeds\t37\nItem 3.\tDefaults Upon Senior Securities\t37\nItem 4.\tMine Safety Disclosures\t37\nItem 5.\tOther Information\t37\nItem 6.\tExhibits\t38\nSignatures\t\t39\n", "q10k_tbl_3": "(in thousands except share data)\tSeptember 30 2020\tDecember 31 2019\nAssets\t\t\nCurrent assets\t\t\nCash\t4097\t5002\nAccounts receivable net of allowance for doubtful accounts of $701 and $849 at September 30 2020 and December 31 2019 respectively\t68144\t63419\nInventories\t98101\t104741\nPrepaid expenses and other current assets\t17605\t11083\nIncome taxes receivable\t3080\t2184\nTotal current assets\t191027\t186429\nProperty and equipment net of accumulated depreciation of $28068 and $21020 at September 30 2020 and December 31 2019 respectively\t22444\t26494\nDeferred tax assets net\t10222\t10550\nGoodwill\t99789\t99789\nCustomer relationships net of accumulated amortization of $55217 and $48251 at September 30 2020 and December 31 2019 respectively\t65023\t71989\nOther intangible assets net of accumulated amortization of $10055 and $7471 at September 30 2020 and December 31 2019 respectively\t16175\t18759\nOther assets\t5384\t6265\nTotal assets\t410064\t420275\nLiabilities and stockholders' equity\t\t\nCurrent liabilities\t\t\nAccounts payable\t49616\t42734\nAccrued expenses and other current liabilities\t17967\t16661\nCustomer deposits\t10407\t8627\nCurrent portion of long-term debt net of financing fees of $1050 and $511 at September 30 2020 and December 31 2019 respectively\t246\t11749\nCurrent portion of capital lease obligations\t2586\t2395\nTotal current liabilities\t80822\t82166\nLine of credit\t9670\t21871\nLong-term debt net of current portion and financing fees of $2035 and $1107 at September 30 2020 and December 31 2019 respectively\t149979\t141299\nLong-term capital lease obligations\t5452\t6907\nOther long-term liabilities\t7760\t6757\nTotal liabilities\t253683\t259000\nCommitments and contingencies (see Note 11)\t\t\nStockholders' equity\t\t\nClass A common stock par value $0.01 per share; 100000000 shares authorized; 25554388 shares issued and 25407362 outstanding at September 30 2020 and 25139542 shares issued and 25106402 outstanding at December 31 2019\t256\t251\nTreasury stock 147026 shares at September 30 2020 and 33140 shares at December 31 2019 at cost\t(1182)\t(391)\nAdditional paid-in capital\t163938\t161396\nRetained earnings (accumulated deficit)\t(6631)\t19\nTotal stockholders' equity\t156381\t161275\nTotal liabilities and stockholders' equity\t410064\t420275\n", "q10k_tbl_4": "\tFor the Three Months Ended September 30\t\tFor the Nine Months Ended September 30\t\n(in thousands except share data)\t2020\t2019\t2020\t2019\nRevenues net\t150050\t159395\t409869\t454657\nCost of revenues\t111460\t117057\t309886\t329418\nGross profit\t38590\t42338\t99983\t125239\nSelling general and administrative expenses\t33446\t36129\t96850\t109014\nIncome from operations\t5144\t6209\t3133\t16225\nOther expense:\t\t\t\t\nInterest expense\t3546\t4342\t11072\t13151\nOther expense (income) net\t412\t(2008)\t1755\t(2728)\nTotal other expense net\t3958\t2334\t12827\t10423\nIncome (loss) before provision (benefit) for income taxes\t1186\t3875\t(9694)\t5802\nProvision (benefit) for income taxes\t655\t1417\t(3045)\t2055\nNet income (loss)\t531\t2458\t(6649)\t3747\nEarnings (loss) per share of common stock\t\t\t\t\nBasic common stock\t0.02\t0.10\t(0.26)\t0.15\nDiluted common stock\t0.02\t0.10\t(0.26)\t0.15\nWeighted average shares outstanding\t\t\t\t\nBasic common stock\t25383379\t25051068\t25301709\t25366170\nDiluted common stock\t25762741\t25189339\t25301709\t25463814\n", "q10k_tbl_5": "\tNine Months Ended September 30\t\n(in thousands)\t2020\t2019\nCash flows provided by operating activities\t\t\nNet income (loss)\t(6649)\t3747\nAdjustments to reconcile net income (loss) to net cash provided by operating activities:\t\t\nDepreciation and amortization\t17164\t18729\nChange in fair value of earn-out liabilities\t0\t(2549)\nEquity-based compensation\t1679\t4496\nDeferred expense from income taxes\t328\t0\nAmortized interest on deferred debt issuance costs\t838\t458\nDecrease in allowance for doubtful accounts\t(166)\t(165)\nGain (loss) on disposal of property and equipment net\t175\t(139)\nOther\t(213)\t0\nChanges in operating assets and liabilities:\t\t\nAccounts receivable\t(4559)\t(583)\nInventories\t6585\t(4358)\nPrepaid expenses and other current assets\t(7200)\t(2632)\nOther assets\t(327)\t(109)\nAccounts payable\t7014\t5337\nAccrued expenses and other current liabilities\t2172\t(613)\nIncome taxes receivable\t(896)\t(2634)\nCustomer deposit\t1779\t(793)\nOther long-term liabilities\t2209\t2114\nNet cash provided by operating activities\t19933\t20306\nCash flows used in investing activities\t\t\nPurchase of property and equipment\t(2757)\t(7273)\nProceeds from disposal of property and equipment\t55\t16\nAcquisition of Intown Design Inc.\t0\t(11537)\nEscrow release payment related to acquisition of Greencraft Holdings LLC\t0\t(3000)\nAcquisition of Elegant Home Design LLC (Indemnity payment in 2019)\t0\t(1000)\nNet cash used in investing activities\t(2702)\t(22794)\nCash flows provided by (used in) financing activities\t\t\nPayment of Greencraft Holdings LLC earn-out liability\t0\t(5794)\nProceeds from ERP financing\t376\t2118\nPayments on line of credit net\t(12275)\t(2822)\nProceeds from term loan\t0\t11500\nTerm loan deferred issuance costs\t(2230)\t0\nPurchase of treasury stock\t(791)\t(235)\nPayments on notes payable and capital leases\t(2428)\t(1407)\nPrincipal payments on long-term debt\t(788)\t(1589)\nNet cash provided by (used in) financing activities\t(18136)\t1771\nNet decrease in cash\t(905)\t(717)\nCash (and restricted cash in 2019) beginning of period\t5002\t9362\nCash end of period\t4097\t8645\nSupplemental disclosures of cash flow information\t\t\nCash paid for interest\t10165\t12507\nCash paid (refunded) for income taxes net\t(1272)\t4819\nSupplemental disclosures of non-cash investing activities\t\t\nAcquisition of equipment and vehicles with long-term debt and capital leases\t596\t6444\nEarn-out estimate for Intown Design Inc.\t0\t2010\n", "q10k_tbl_6": "(in thousands except share data)\tClass A Common Stock Shares\tClass A Common Stock\tTreasury Stock at Cost\tTotal Additional Paid-in Capital\tTotal Retained Earnings (Accumulated Deficit)\tTotal\nBalance as of December 31 2018\t25682669\t257\t0\t156601\t(8164)\t148694\nEquity-based compensation\t0\t0\t0\t558\t0\t558\nIssuance of Class A common stock due to restricted stock vesting\t138555\t0\t0\t0\t0\t0\nNet income\t0\t0\t0\t0\t127\t127\nBalance as of March 31 2019\t25821224\t257\t0\t157159\t(8037)\t149379\nEquity-based compensation\t0\t0\t0\t1423\t0\t1423\nIssuance of Class A common stock due to restricted stock vesting\t21065\t1\t0\t0\t0\t1\nRepurchase of Class A common stock\t0\t0\t(8)\t0\t0\t(8)\nRetirement of Class A common stock\t(800000)\t(8)\t8\t0\t0\t0\nNet income\t0\t0\t0\t0\t1162\t1162\nBalance as of June 30 2019\t25042289\t250\t0\t158582\t(6875)\t151957\nEquity-based compensation\t0\t0\t0\t1471\t0\t1471\nIssuance of Class A common stock due to restricted stock vesting\t45718\t1\t0\t0\t0\t1\nRepurchase of Class A common stock\t0\t0\t(227)\t0\t0\t(227)\nNet income\t0\t0\t0\t0\t2458\t2458\nBalance as of September 30 2019\t25088007\t251\t(227)\t160053\t(4417)\t155660\nBalance as of December 31 2019\t25139542\t251\t(391)\t161396\t19\t161275\nEquity-based compensation\t0\t0\t0\t(669)\t0\t(669)\nIssuance of Class A common stock awards\t69377\t1\t0\t863\t0\t864\nIssuance of Class A common stock due to restricted stock vesting\t213339\t2\t0\t0\t0\t2\nRepurchase of Class A common stock\t0\t0\t(655)\t0\t0\t(655)\nNet loss\t0\t0\t0\t0\t(4002)\t(4002)\nBalance as of March 31 2020\t25422258\t254\t(1046)\t161590\t(3983)\t156815\nEquity-based compensation\t0\t0\t0\t1223\t0\t1223\nIssuance of Class A common stock due to restricted stock vesting\t78591\t1\t0\t0\t0\t1\nRepurchase of Class A common stock\t0\t0\t(49)\t0\t0\t(49)\nNet loss\t0\t0\t0\t0\t(3179)\t(3179)\nBalance as of June 30 2020\t25500849\t255\t(1095)\t162813\t(7162)\t154811\nEquity-based compensation\t0\t0\t0\t1125\t0\t1125\nIssuance of Class A common stock due to restricted stock vesting\t53539\t1\t0\t0\t0\t1\nRepurchase of Class A common stock\t0\t0\t(87)\t0\t0\t(87)\nNet income\t0\t0\t0\t0\t531\t531\nBalance as of September 30 2020\t25554388\t256\t(1182)\t163938\t(6631)\t156381\n", "q10k_tbl_7": "\tThree Months Ended\tThree Months Ended\n(in thousands except share data)\tSeptember 30 2020\tSeptember 30 2019\nNet income\t531\t2458\nWeighted average shares of common stock outstanding:\t\t\nBasic common stock\t25383379\t25051068\nDiluted common stock\t25762741\t25189339\nEarnings per share of common stock:\t\t\nBasic common stock\t0.02\t0.10\nDiluted common stock\t0.02\t0.10\n\tNine Months Ended\tNine Months Ended\n(in thousands except share data)\tSeptember 30 2020\tSeptember 30 2019\nNet income (loss)\t(6649)\t3747\nWeighted average shares of common stock outstanding:\t\t\nBasic common stock\t25301709\t25366170\nDiluted common stock\t25301709\t25463814\nEarnings (loss) per share of common stock:\t\t\nBasic common stock\t(0.26)\t0.15\nDiluted common stock\t(0.26)\t0.15\n", "q10k_tbl_8": "RDS\t\t\t\t\n(in thousands)\tFor the Three Months Ended September 30 2020\t%\tFor the Nine Months Ended September 30 2020\t%\nEast\t20400\t22%\t58900\t24%\nCentral\t5300\t6%\t15200\t6%\nWest\t65158\t72%\t169557\t70%\n\t90858\t100%\t243657\t100%\n", "q10k_tbl_9": "ASG\t\t\t\t\n(in thousands)\tFor the Three Months Ended September 30 2020\t%\tFor the Nine Months Ended September 30 2020\t%\nQuartz\t36719\t61%\t100037\t60%\nStone\t18042\t30%\t51166\t30%\nTile\t3440\t6%\t10968\t7%\nOther\t1633\t3%\t5670\t3%\n\t59834\t100%\t167841\t100%\n", "q10k_tbl_10": "(in thousands)\tAmount\nAccounts receivable\t1392\nInventory\t1155\nProperty and equipment\t1092\nGoodwill\t4698\nOther intangible assets\t5310\nTotal assets acquired\t13647\nTotal liabilities\t100\nTotal consideration\t13547\n", "q10k_tbl_11": "(in thousands)\tSeptember 30 2020\tDecember 31 2019\nRaw materials\t95963\t102438\nInstallations in process\t2138\t2303\n\t98101\t104741\n", "q10k_tbl_12": "(in thousands)\tSeptember 30 2020\tDecember 31 2019\nVehicles\t10561\t10759\nMachinery and equipment\t9579\t9672\nLeasehold improvements\t9055\t8962\nFurniture and fixtures\t7908\t6906\nComputer equipment and internal-use software\t11418\t10167\nOther\t1991\t1048\n\t50512\t47514\nLess: accumulated depreciation and amortization\t(28068)\t(21020)\nProperty and equipment net\t22444\t26494\n", "q10k_tbl_13": "(in thousands)\tASG\tRDS\tTotal Gross Carrying Amount\nGross Carrying Amount\t\t\t\nCustomer relationships\t60180\t60060\t120240\nTrade names\t7740\t18090\t25830\nNon-compete agreements\t50\t350\t400\n\t67970\t78500\t146470\n(in thousands)\tASG\tRDS\tTotal Accumulated Amortization\nAccumulated Amortization\t\t\t\nCustomer relationships\t(24013)\t(31204)\t(55217)\nTrade names\t(2929)\t(6898)\t(9827)\nNon-compete agreements\t(26)\t(202)\t(228)\n\t(26968)\t(38304)\t(65272)\n(in thousands)\tASG\tRDS\tTotal Net Book Value\nNet Book Value\t\t\t\nCustomer relationships\t36167\t28856\t65023\nTrade names\t4811\t11192\t16003\nNon-compete agreements\t24\t148\t172\n\t41002\t40196\t81198\n", "q10k_tbl_14": "(in thousands)\tASG\tRDS\tTotal Gross Carrying Amount\nGross Carrying Amount\t\t\t\nCustomer relationships\t60180\t60060\t120240\nTrade names\t7740\t18090\t25830\nNon-compete agreements\t50\t350\t400\n\t67970\t78500\t146470\n(in thousands)\tASG\tRDS\tTotal Accumulated Amortization\nAccumulated Amortization\t\t\t\nCustomer relationships\t(19410)\t(28841)\t(48251)\nTrade names\t(2300)\t(5013)\t(7313)\nNon-compete agreements\t(21)\t(137)\t(158)\n\t(21731)\t(33991)\t(55722)\n(in thousands)\tASG\tRDS\tTotal Net Book Value\nNet Book Value\t\t\t\nCustomer relationships\t40770\t31219\t71989\nTrade names\t5440\t13077\t18517\nNon-compete agreements\t29\t213\t242\n\t46239\t44509\t90748\n", "q10k_tbl_15": "(in thousands)\t\n2020 Remaining\t3184\n2021\t12603\n2022\t12402\n2023\t12038\n2024\t10313\nThereafter\t30658\n\t81198\n", "q10k_tbl_16": "(in thousands)\tSeptember 30 2020\tDecember 31 2019\nRDS equipment and vehicle notes\t195\t489\nASG term loans\t153115\t154177\n\t153310\t154666\nUnamortized debt issuance costs\t(3085)\t(1618)\nTotal long-term debt\t150225\t153048\nCurrent portion of long-term debt net of financing fees\t246\t11749\nLong-term debt net of current portion and financing fees\t149979\t141299\n", "q10k_tbl_17": "(in thousands)\tAmount\nRemaining in 2020\t18708\n2021\t89384\n2022\t108093\n2023\t128880\n2024\t153824\n2025\t184589\n\t683478\n", "q10k_tbl_18": "\tNonvested Shares Outstanding\tWeighted Average Grant Date Fair Value\nNonvested shares at January 1 2020\t1825123\t12.75\nGranted\t2538219\t4.13\nForfeited\t1161164\t12.21\nVested\t414846\t10.66\nNonvested shares at September 30 2020\t2787332\t5.53\n", "q10k_tbl_19": "\tThree Months Ended September 30\t\n(in thousands)\t2020\t2019\nNet revenue:\t\t\nRDS\t90858\t96943\nASG\t59834\t63217\nElimination of intercompany sales\t(642)\t(765)\nConsolidated total\t150050\t159395\nOperating income (loss):\t\t\nRDS\t3193\t5340\nASG\t7189\t5688\nElimination of intercompany activity\t113\t(16)\nUnallocated corporate operating loss\t(5351)\t(4803)\nConsolidated total\t5144\t6209\n", "q10k_tbl_20": "\tNine Months Ended September 30\t\n(in thousands)\t2020\t2019\nNet revenue:\t\t\nRDS\t243657\t269740\nASG\t167841\t187068\nElimination of intercompany sales\t(1629)\t(2151)\nConsolidated total\t409869\t454657\nOperating income (loss):\t\t\nRDS\t2210\t12806\nASG\t14817\t17497\nElimination of intercompany activity\t(44)\t65\nUnallocated corporate operating loss\t(13850)\t(14143)\nConsolidated total\t3133\t16225\nCapital expenditures:\t\t\nRDS\t1682\t5902\nASG\t1068\t1343\nUnallocated corporate capital expenditures\t7\t28\nConsolidated total\t2757\t7273\n", "q10k_tbl_21": "\tAs of September 30\tAs of December 31\n(in thousands)\t2020\t2019\nGoodwill:\t\t\nRDS\t54225\t54225\nASG\t45564\t45564\nConsolidated total\t99789\t99789\nOther intangible assets net:\t\t\nRDS\t40196\t44509\nASG\t41002\t46239\nConsolidated total\t81198\t90748\nTotal assets:\t\t\nRDS\t189868\t182754\nASG\t200094\t217655\nConsolidation entries\t(192)\t36\nUnallocated assets including corporate\t20294\t19830\nConsolidated total\t410064\t420275\n", "q10k_tbl_22": "\tFor the Three Months Ended September 30\t\n(in thousands)\t2020\t2019\nConsolidated net income\t531\t2458\nIncome tax expense\t655\t1417\nInterest expense\t3546\t4342\nDepreciation and amortization\t5796\t6048\nEBITDA\t10528\t14265\nEquity-based compensation\t1128\t2516\nPurchase accounting fair value adjustments\t0\t(1986)\nAcquisition and integration related costs\t118\t14\nEmployee related reorganization costs\t733\t279\nOther non-recurring costs\t1303\t962\nStrategic alternatives costs\t235\t958\nAdjusted EBITDA\t14045\t17008\n", "q10k_tbl_23": "\tFor the Nine Months Ended September 30\t\n(in thousands)\t2020\t2019\nConsolidated net income (loss)\t(6649)\t3747\nIncome tax expense (benefit)\t(3045)\t2055\nInterest expense\t11072\t13151\nDepreciation and amortization\t17164\t18729\nEBITDA\t18542\t37682\nEquity-based compensation\t1682\t4504\nPurchase accounting fair value adjustments\t0\t(2549)\nAcquisition and integration related costs\t1484\t2219\nEmployee related reorganization costs\t2214\t965\nOther non-recurring costs\t3572\t1469\nStrategic alternatives costs\t1462\t1847\nAdjusted EBITDA\t28956\t46137\n", "q10k_tbl_24": "\tPayments due by period\t\t\t\t\n(in thousands)\tTotal\tRemaining in 2020\t1 to 3 years\t3 - 5 years\tMore than 5 years\nLong-term debt obligations(1)\t153310\t388\t2250\t150672\t0\nCapital lease obligations(2)\t8703\t730\t5451\t2137\t385\nOperating lease obligations(3)\t45934\t3947\t26427\t10568\t4992\nPurchase obligations(4)\t685878\t19108\t199477\t282704\t184589\nTotal\t893825\t24173\t233605\t446081\t189966\n", "q10k_tbl_25": "Period\tTotal Number of Shares Purchased (1)\tAverage Price Paid per Share\tTotal Number of Shares Purchased as Part of Publicly Announced Plans or Programs\tMaximum Number of Shares That May Yet be Purchased Under the Plans or Programs\nJuly 1 2020 - July 31 2020\t0\t0\t0\t0\nAugust 1 2020 - August 31 2020\t9031\t5.58\t0\t0\nSeptember 1 2020 - September 30 2020\t5177\t7.10\t0\t0\nTotal\t14208\t6.13\t0\t0\n", "q10k_tbl_26": "Exhibit No.\tDescription\n3.1\tAmended and Restated Certificate of Incorporation of the Company (incorporated by reference to Exhibit 3.1 to the initial filing of the Company's Registration Statement on Form S-1 (File No. 333-226101) filed with the SEC on July 9 2018).\n3.2\tAmended and Restated Bylaws of the Company (incorporated by reference to Exhibit 3.2 to Amendment No. 1 to the Company's Registration Statement on Form S-1 (File No. 333-226101) filed with the SEC on July 25 2018).\n10.1†* 10.2†* 10.3†*\tEmployment Agreement dated as of July 27 2020 by and between the Company and Patrick Dussinger. Form of Performance-Based Restricted Stock Unit Agreement for use with the 2017 Incentive Compensation Plan. Form of Time-Based Restricted Stock Unit Agreement for use with the 2017 Incentive Compensation Plan.\n31.1*\tCertification of Principal Executive Officer pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934 as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.\n31.2*\tCertification of Principal Financial Officer pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934 as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.\n32.1*\tCertification of Principal Executive Officer pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.\n32.2*\tCertification of Principal Financial Officer pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.\n101.INS\tInline XBRL Instance Document.\n101.SCH\tInline XBRL Taxonomy Extension Schema Document.\n101.CAL\tInline XBRL Taxonomy Extension Calculation Linkbase Document.\n101.DEF\tInline XBRL Taxonomy Extension Definition Linkbase Document.\n101.LAB\tInline XBRL Taxonomy Extension Label Linkbase Document.\n101.PRE\tInline XBRL Taxonomy Extension Presentation Linkbase Document.\n104\tCover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)\n"}{"bs": "q10k_tbl_3", "is": "q10k_tbl_4", "cf": "q10k_tbl_5"}None
Note 2. Summary of Significant Accounting Policies
Note 3. Revenue
Note 4. Concentrations, Risks and Uncertainties
Note 5. Acquisitions
Note 6. Inventories
Note 7. Property and Equipment
Note 8. Goodwill and Intangible Assets
Note 9. Lines of Credit
Note 10. Long - Term Debt
Note 11. Commitments and Contingencies
Note 12. Stock Compensation
Note 13. Provision for Income Taxes
Note 14. Related Party Transactions
Note 15. Segment Information
Note 16. Subsequent Events
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.
Item 3. Quantitative and Qualitative Disclosures About Market Risk.
Item 4. Controls and Procedures.
Part II - Other Information
Item 1. Legal Proceedings
Item 1A. Risk Factors
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Item 3. Defaults Upon Senior Securities.
Item 4. Mine Safety Disclosures.
Item 5. Other Information.
Item 6. Exhibits.
Exhibits
EX-10.1
ck1723866-ex101_13.htm
EX-10.2
ck1723866-ex102_14.htm
EX-10.3
ck1723866-ex103_15.htm
EX-31.1
ck1723866-ex311_9.htm
EX-31.2
ck1723866-ex312_8.htm
EX-32.1
ck1723866-ex321_10.htm
EX-32.2
ck1723866-ex322_7.htm
Select Interior Concepts Earnings 2020-09-30
Balance Sheet
Income Statement
Cash Flow
Assets, Equity
Rev, G Profit, Net Income
Ops, Inv, Fin
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q
(Mark One)
☒
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the Quarterly Period Ended September 30, 2020
OR
☐
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from ____________ to _____________
Commission File Number: 001-38632
SELECT INTERIOR CONCEPTS, INC.
(Exact name of registrant as specified in its charter)
Delaware
47-4640296
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer
Identification No.)
400 Galleria Parkway, Suite 1760
Atlanta, Georgia
30339
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code: (888) 701-4737
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange on which registered
Class A Common Stock, par value $0.01 per share
SIC
The Nasdaq Stock Market LLC
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes☒ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes☒ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer
☐
Accelerated filer
☒
Non-accelerated filer
☐
Smaller reporting company
☐
Emerging growth company
☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒
As of October 30, 2020, the registrant had 25,453,995 shares of Class A common stock, par value $0.01 per share, outstanding.