Tile Shop (TTSH) 10-Q 9 May 14 2014 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 31, 2014	5-May-14
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'TILE SHOP HOLDINGS, INC.	'
Document Type	'10-Q	'
Current Fiscal Year End Date	'--12-31	'
Entity Common Stock, Shares Outstanding	'	51,241,127
Amendment Flag	'false	'
Entity Central Index Key	'0001552800	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Well-known Seasoned Issuer	'No	'
Document Period End Date	31-Mar-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
ASSETS	'	'
Cash and cash equivalents	$4,287	$1,761
Trade receivables, net	1,506	1,198
Inventories	66,282	72,067
Income tax receivable	4,013	9,528
Deferred tax and other current assets, net	6,148	7,150
Total Current Assets	82,236	91,704
Property, plant and equipment, net	132,449	125,317
Deferred taxes and other assets	25,498	25,748
TOTAL ASSETS	240,183	242,769
LIABILITIES AND STOCKHOLDERS’ EQUITY	'	'
Accounts payable	13,517	22,867
Other accrued liabilities	19,441	17,118
Total Current Liabilities	32,958	39,985
Long-term debt, net	89,750	91,646
Capital lease obligation, net	1,078	1,161
Deferred rent	27,151	25,560
Other long-term liabilities	4,272	4,554
TOTAL LIABILITIES	155,209	162,906
Common stock, par value $0.0001; authorized: 100,000,000 shares; issued: 51,241,127, and 51,229,720 shares	5	5
Preferred stock, par value $.0001; authorized: 10,000,000 shares; issued: 0 shares	0	0
Additional paid-in-capital	171,121	169,719
Retained (deficit) earnings	-86,152	-89,861
Total stockholders’ equity	84,974	79,863
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$240,183	$242,769

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Common stock, par value (in Dollars per share)	$0.00	$0.00
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	51,241,127	51,229,720
Preferred stock par value (in Dollars per share)	$0.00	$0.00
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Income (Unaudited) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Net sales	$64,379	$56,835
Cost of sales	19,446	16,462
Gross profit	44,933	40,373
Selling, general and administrative expenses	37,972	28,354
Income from operations	6,961	12,019
Interest expense	711	594
Change in fair value of warrants	0	51,845
Other expense	69	33
Income (loss) before income taxes	6,181	-40,453
Provision for income taxes	-2,472	-4,264
Net income (loss)	$3,709	($44,717)
Earnings (loss) per common share:	'	'
Basic (in Dollars per share)	$0.07	($1)
Diluted (in Dollars per share)	$0.07	($1)
Weighted average shares outstanding:	'	'
Basic (in Shares)	51,166,766	44,854,988
Diluted (in Shares)	51,523,170	44,854,988

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Cash Flows From Operating Activities	'	'
Net income (loss)	$3,709	($44,717)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:	'	'
Depreciation and amortization	4,459	3,074
Loss on disposals of property, plant and equipment	91	45
Change in fair value of warrants	0	51,845
Deferred rent	1,591	1,831
Stock based compensation	1,397	1,092
Deferred income taxes	'	-281
Changes in operating assets and liabilities:	'	'
Trade receivables	-308	-273
Inventories	5,785	-2,190
Deferred taxes and other assets	-8	-568
Accounts payable	-9,350	446
Income tax receivable/ payable	5,515	4,211
Accrued expenses and other liabilities	2,326	3,745
Net cash provided by operating activities	15,207	18,260
Cash Flows From Investing Activities	'	'
Proceeds from cash surrender value of life insurance policy	462	'
Purchases of property, plant and equipment	-12,073	-11,143
Proceeds from the sale of property, plant and equipment	159	'
Net cash used in investing activities	-11,452	-11,143
Cash Flows From Financing Activities	'	'
Release of restricted cash	754	'
Payments of long-term debt and capital lease obligations	-958	-6,058
Net payments on line of credit	-1,026	'
Repurchase of warrants	'	-30,108
Proceeds from exercise of warrants	'	41,821
Proceeds from exercise of stock options	5	'
Security deposit	-4	4
Net cash (used in) provided by financing activities	-1,229	5,659
Net change in cash	2,526	12,776
Cash and cash equivalents beginning of period	1,761	2,987
Cash and cash equivalents end of period	4,287	15,763
Non cash items	'	'
Reclassification of warrants from liability to equity	'	110,002
Increase in other assets for exercise of warrants	'	3,332
Purchases of property, plant and equipment included in accounts payable and accrued expenses	'	$1,455

Note_1_Organization_and_Nature

Note 1 - Organization and Nature of Business	3 Months Ended
	Mar. 31, 2014
Disclosure Text Block [Abstract]	'
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	'
	Note 1: Organization and Nature of Business
	The Tile Shop, LLC (“The Tile Shop”) was formed on December 30, 2002, as a Delaware limited liability company (LLC) and began operations on January 1, 2003. Tile Shop Holdings, Inc. (“Holdings”, and, together with its wholly owned subsidiaries, the “Company”) was incorporated under the laws of the state of Delaware in August 2012 to become the parent Company of Tile Shop, LLC.
	The Company is engaged in the sale of tile and flooring products. The Company also fabricates or manufactures setting and maintenance materials in Michigan, Wisconsin, Virginia and Oklahoma. The Company’s primary market is retail sales to consumers; however, the Company does have sales to contractors. As of March 31, 2014, the Company had 93 stores in 30 states and an on-line retail operation. The Company also has distribution centers located in Wisconsin, Michigan, Virginia and Oklahoma.
	The consolidated financial statements of the Company include the accounts of its wholly owned subsidiaries, and variable interest entities. All significant intercompany transactions have been eliminated in consolidation.

Note_2_Unaudited_Consolidated_

Note 2 - Unaudited Consolidated Financial Statements	3 Months Ended
	Mar. 31, 2014
Unaudited Consolidated Financial Statements [Abstract]	'
Unaudited Consolidated Financial Statements [Text Block]	'
	Note 2: Unaudited Consolidated Financial Statements
	The information furnished in this report is unaudited and reflects all adjustments which are normal recurring adjustments that, in the opinion of management, are necessary to fairly present the operating results for the interim periods. The operating results for the interim periods presented are not necessarily indicative of the operating results to be expected for the full fiscal year. The unaudited interim condensed consolidated financial statements for the three months ended March 31, 2014, should be read in conjunction with the audited consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013, previously filed with the Securities and Exchange Commission on February 28, 2014.

Note_3_Summary_of_Selected_Sig

Note 3 - Summary of Selected Significant Accounting Polices	3 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
Significant Accounting Policies [Text Block]	'
	Note 3: Summary of Selected Significant Accounting Polices
	A detailed description of our significant accounting policies can be found in our most recent Annual Report filed on Form 10-K for the year ended December 31, 2013. There were no material changes in significant accounting policies during the quarter ended March 31, 2014.
	Inventories:
	Inventories are stated at the lower of cost (determined on the first-in, first-out method) or market. Inventories consist primarily of merchandise held for sale. Inventories were comprised of the following as of March 31, 2014 and December 31, 2013:
		(in thousands)
		31-Mar-14		31-Dec-13
	Finished goods	$	59,874	$	62,690
	Raw materials		1,933		1,370
	Finished goods in transit and prepaid inventory		4,475		8,007
	Total	$	66,282	$	72,067
	Income Taxes:
	The Company's effective tax rate on net income before income taxes for the three month periods ended March 31, 2014 and 2013 was 40% and (10.5)% respectively.  The effective tax rate on net loss before income taxes for the three month period ending March 31, 2013 was due to the significant non-deductible expense for the change in warrant liability.  For the three month periods ended March 31, 2014 and 2013, the Company recorded an income tax provision of $2,472 and $4,264, respectively.
	The Company recognizes deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the financial statements or tax returns. Deferred tax liabilities and assets are determined based on the difference between the financial statement basis and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The Company estimates the degree to which tax assets and credit carryforwards will result in a benefit based on expected profitability by tax jurisdiction. A valuation allowance for such tax assets and loss carryforwards is provided when it is determined to be more likely than not that the benefit of such deferred tax asset will not be realized in future periods. If it becomes more likely than not that a tax asset will be used, the related valuation allowance on such assets would be reduced.
	Earnings Per Share:
	Basic earnings per share is calculated by dividing net income (loss) by the weighted-average number of shares outstanding during the period. Diluted earnings (loss) per share is calculated by dividing net income (loss) by the weighted-average number of common shares outstanding, after giving effect to all dilutive potential common shares outstanding during the period. For the three months ended March 31, 2013, diluted net loss per share is identical to basic net loss per share as all potentially dilutive securities have been excluded from the calculation of diluted net loss per common share because the inclusion of such securities would be anti-dilutive.
	Basic and diluted earnings (loss) per share were calculated as follows:
		(in thousands, except share and per share data)
		For the three months ended March 31,
		2014		2013
	Net income (loss)	$	3,709	$	(44,717	)
	Weighted-average shares outstanding – basic		51,166,766		44,854,988
	Effect of diluted securities attributable to stock-based payments		356,404		-
	Weighted-average shares outstanding – diluted		51,523,170		44,854,988
	Earnings per share from continuing operations:
	Basic	$	0.07	$	(1.00	)
	Diluted	$	0.07	$	(1.00	)
	Potentially dilutive securities include 2,404,417 options and 259,394 restricted shares outstanding as of March 31, 2014.

Note_4_Other_Accrued_Liabiliti

Note 4 - Other Accrued Liabilities	3 Months Ended
	Mar. 31, 2014
Payables and Accruals [Abstract]	'
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	'
	Note 4: Other Accrued Liabilities
	Other accrued liabilities consisted of the following at:
		(in thousands)
		31-Mar-14		31-Dec-13
	Customer deposits	$	6,694	$	5,301
	Accrued wages and salaries		3,034		2,905
	Taxes - other		2,424		1,783
	Interest payable		310		409
	Sales return reserve		3,100		2,850
	Current portion of debt and capital lease obligation		3,879		3,870
		$	19,441	$	17,118

Note_5_LongTerm_Debt

Note 5 - Long-Term Debt	3 Months Ended
	Mar. 31, 2014
Disclosure Text Block [Abstract]	'
Long-term Debt [Text Block]	'
	Note 5: Long-term Debt
	On October 3, 2012, the Company and its operating subsidiary The Tile Shop, LLC entered into a credit agreement with Bank of America, N.A. (the “Credit Agreement”). The Credit Agreement, as amended, provides the Company with a $120 million senior secured credit facility, comprised of a five-year $25 million term loan and a $95 million revolving line of credit. The Amended Credit Agreement is secured by virtually all of the assets of the Company, including but not limited to, inventory, receivables, equipment and real property. Borrowings pursuant to the Credit Agreement bear interest at either a base rate or a LIBOR-based rate, at the option of the Company. The LIBOR-based rate will range from LIBOR plus 1.75% to 2.25%, depending on The Tile Shop’s leverage ratio. The base rate is equal to the greatest of: (a) the Federal funds rate plus 0.50%, (b) the Bank of America “prime rate,” and (c) the Eurodollar rate plus 1.00%, in each case plus 0.75% to 1.25% depending on The Tile Shop’s leverage ratio. At March 31, 2014 and December 31, 2013, the base interest rate was 4.25%. At March 31, 2014 and December 31, 2013 the Libor-based interest rate was 2.156% and 2.408% respectively. As of March 31, 2014 and December 31, 2013, the Company had outstanding borrowings related to the revolving line of credit of $72.5 million and $73.5 million, respectively. The term loan requires quarterly principal payments of $0.9 million. The Credit Agreement contains customary events of default, conditions to borrowings, and restrictive covenants, including restrictions on the Company’s and The Tile Shop’s ability to dispose of assets, make acquisitions, incur additional debt, incur liens, make investments, or enter into transactions with affiliates on other than on terms that could be obtained in an arm’s length transaction. The Credit Agreement also includes financial and other covenants including covenants to maintain certain fixed charge coverage ratios and rent adjusted leverage ratios. In addition, except with respect to pro rata payments made by The Tile Shop or other subsidiaries to the Company or any other equity owner of such entity, the Credit Agreement prohibits the payments of cash dividends. The Company was in compliance with the covenants as of March 31, 2014. On March 26, 2014, the Company completed an amendment to the Credit Facility which modified certain financial covenants to reflect the ongoing growth of the business.

Note_6_Fair_Value_of_Financial

Note 6 - Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Disclosures [Text Block]	'
	Note 6: Fair Value of Financial Instruments
	These condensed consolidated financial statements include the following financial instruments: cash and cash equivalents, trade receivables, accounts payable, accrued expenses, capital leases, notes payable and debt. At March 31, 2014 and December 31, 2013, the carrying amount of the Company’s cash and cash equivalents and trade receivables, accounts payable and accrued expenses approximated their fair values due to their short maturities. The carrying value of the Company’s borrowings and capital lease obligation approximates fair value based upon the market interest rates available to the Company for debt and capital lease obligations with similar risk and maturities.
	Fair value is the price that would be received to sell an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. To measure fair value, the Company uses a three-tier valuation hierarchy based upon observable and non-observable inputs:
	Level 1 – Unadjusted quoted prices that are available in active markets for the identical assets or liabilities at the measurement date.
	Level 2 – Significant other observable inputs available at the measurement date, other than quoted prices included in Level 1, either directly or indirectly, including:
		▪	Quoted prices for similar assets or liabilities in active markets;
		▪	Quoted prices for identical or similar assets in non-active markets;
		▪	Inputs other than quoted prices that are observable for the asset or liability; and
		▪	Inputs that are derived principally from or corroborated by other observable market data.
	Level 3 – Significant unobservable inputs that cannot be corroborated by observable market data and reflect the use of significant management judgment. These values are generally determined using pricing models for which the assumptions utilize management’s estimates of market participant assumptions.

Note_7_Equity_Incentive_Plans

Note 7 - Equity Incentive Plans	3 Months Ended
	Mar. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	'
	Note 7: Equity Incentive Plans
	Stock based compensation:
	The Company measures and recognizes compensation expense for all stock-based awards at fair value. The financial statements for the three months ended March 31, 2014 and 2013 include compensation cost for the portion of outstanding stock option awards which have vested during those periods. The Company recognizes stock option compensation costs on a straight-line basis over the requisite service period of the award, which is generally the option vesting term. For the three months ended March 31, 2014 and 2013 total stock option compensation was $1.0 million and $0.8 million, respectively, and was included in selling, general and administrative expenses in the accompanying condensed consolidated statements of income.
	As of March 31, 2014, the Company had 2,487,000 outstanding stock-based awards at a weighted average exercise price of $13.88.
	Restricted stock:
	The Company awards restricted common shares to selected employees, and non-employee directors. Recipients are not required to provide any consideration other than continued service. Company share awards are subject to certain restrictions on transfer, and all or part of the shares awarded may be subject to forfeiture upon the occurrence of certain events, including employment termination. The restricted stock is valued at its grant date fair value and expensed over the requisite service period or the vesting term of the awards. For the three months ended March 31, 2014 and 2013 total stock based compensation was $0.4 million and $0.3 million, respectively, was included in selling, general and administrative expenses in the accompanying condensed consolidated statements of income.

Note_8_Warrants

Note 8 - Warrants	3 Months Ended
	Mar. 31, 2014
Warrants [Abstract]	'
Warrants [Text Block]	'
	Note 8: Warrants
	During 2012, the Company evaluated warrants under Accounting Standards Codification (“ASC”) Subtopic 815-40, Contracts in Entity’s Own Equity. ASC Section 815-40-15 addresses equity versus liability treatment and classification of equity-linked financial instruments, including common stock purchase warrants, and states that a warrant may be classified as a component of equity only if, among other things, the warrant is indexed only to the issuer’s common stock. Under ASC Section 815-40-15, a warrant is not indexed to the issuer’s common stock if the terms of the warrant require an adjustment to the exercise price upon a specified event and that event is not an input to the fair value of the warrant. Based on its evaluation, the Company concluded that our warrants were not indexed to the Company’s common stock in the manner contemplated by ASC Section 815-40-15 because the transactions that will trigger the Price Reduction Provision are not inputs to the fair value of the warrants. Accordingly, the existence of the Price Reduction Provision in the warrants required us to classify the warrants as a derivative liability.
	As of March 31, 2014 and December 31, 2013, the Company had no outstanding warrants and no liability. As of March 31, 2013, the change in fair value of warrants was $51.8 million.

Accounting_Policies_by_Policy_

Accounting Policies, by Policy (Policies)	3 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
Inventory, Policy [Policy Text Block]	'
	Inventories:
	Inventories are stated at the lower of cost (determined on the first-in, first-out method) or market. Inventories consist primarily of merchandise held for sale. Inventories were comprised of the following as of March 31, 2014 and December 31, 2013:
		(in thousands)
		31-Mar-14		31-Dec-13
	Finished goods	$	59,874	$	62,690
	Raw materials		1,933		1,370
	Finished goods in transit and prepaid inventory		4,475		8,007
	Total	$	66,282	$	72,067
Income Tax, Policy [Policy Text Block]	'
	Income Taxes:
	The Company's effective tax rate on net income before income taxes for the three month periods ended March 31, 2014 and 2013 was 40% and (10.5)% respectively.  The effective tax rate on net loss before income taxes for the three month period ending March 31, 2013 was due to the significant non-deductible expense for the change in warrant liability.  For the three month periods ended March 31, 2014 and 2013, the Company recorded an income tax provision of $2,472 and $4,264, respectively.
	The Company recognizes deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the financial statements or tax returns. Deferred tax liabilities and assets are determined based on the difference between the financial statement basis and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The Company estimates the degree to which tax assets and credit carryforwards will result in a benefit based on expected profitability by tax jurisdiction. A valuation allowance for such tax assets and loss carryforwards is provided when it is determined to be more likely than not that the benefit of such deferred tax asset will not be realized in future periods. If it becomes more likely than not that a tax asset will be used, the related valuation allowance on such assets would be reduced.
Earnings Per Share, Policy [Policy Text Block]	'
	Earnings Per Share:
	Basic earnings per share is calculated by dividing net income (loss) by the weighted-average number of shares outstanding during the period. Diluted earnings (loss) per share is calculated by dividing net income (loss) by the weighted-average number of common shares outstanding, after giving effect to all dilutive potential common shares outstanding during the period. For the three months ended March 31, 2013, diluted net loss per share is identical to basic net loss per share as all potentially dilutive securities have been excluded from the calculation of diluted net loss per common share because the inclusion of such securities would be anti-dilutive.
	Basic and diluted earnings (loss) per share were calculated as follows:
		(in thousands, except share and per share data)
		For the three months ended March 31,
		2014		2013
	Net income (loss)	$	3,709	$	(44,717	)
	Weighted-average shares outstanding – basic		51,166,766		44,854,988
	Effect of diluted securities attributable to stock-based payments		356,404		-
	Weighted-average shares outstanding – diluted		51,523,170		44,854,988
	Earnings per share from continuing operations:
	Basic	$	0.07	$	(1.00	)
	Diluted	$	0.07	$	(1.00	)
	Potentially dilutive securities include 2,404,417 options and 259,394 restricted shares outstanding as of March 31, 2014.

Note_3_Summary_of_Selected_Sig1

Note 3 - Summary of Selected Significant Accounting Polices (Tables)	3 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
Schedule of Inventory, Current [Table Text Block]	'
		(in thousands)
		31-Mar-14		31-Dec-13
	Finished goods	$	59,874	$	62,690
	Raw materials		1,933		1,370
	Finished goods in transit and prepaid inventory		4,475		8,007
	Total	$	66,282	$	72,067
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	'
		(in thousands, except share and per share data)
		For the three months ended March 31,
		2014		2013
	Net income (loss)	$	3,709	$	(44,717	)
	Weighted-average shares outstanding – basic		51,166,766		44,854,988
	Effect of diluted securities attributable to stock-based payments		356,404		-
	Weighted-average shares outstanding – diluted		51,523,170		44,854,988
	Earnings per share from continuing operations:
	Basic	$	0.07	$	(1.00	)
	Diluted	$	0.07	$	(1.00	)

Note_4_Other_Accrued_Liabiliti1

Note 4 - Other Accrued Liabilities (Tables)	3 Months Ended
	Mar. 31, 2014
Payables and Accruals [Abstract]	'
Schedule of Accrued Liabilities [Table Text Block]	'
		(in thousands)
		31-Mar-14		31-Dec-13
	Customer deposits	$	6,694	$	5,301
	Accrued wages and salaries		3,034		2,905
	Taxes - other		2,424		1,783
	Interest payable		310		409
	Sales return reserve		3,100		2,850
	Current portion of debt and capital lease obligation		3,879		3,870
		$	19,441	$	17,118

Note_1_Organization_and_Nature1

Note 1 - Organization and Nature of Business (Details)	Mar. 31, 2014
Disclosure Text Block [Abstract]	'
Number of Stores	93
Number of States in which Entity Operates	30

Note_3_Summary_of_Selected_Sig2

Note 3 - Summary of Selected Significant Accounting Polices (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Accounting Policies [Abstract]	'	'
Effective Income Tax Rate Reconciliation, Percent	40.00%	-10.50%
Income Tax Expense (Benefit)	$2,472	$4,264

Note_3_Summary_of_Selected_Sig3

Note 3 - Summary of Selected Significant Accounting Polices (Details) - Components of Inventory (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Components of Inventory [Abstract]	'	'
Finished goods	$59,874	$62,690
Raw materials	1,933	1,370
Finished goods in transit and prepaid inventory	4,475	8,007
Total	$66,282	$72,067

Note_3_Summary_of_Selected_Sig4

Note 3 - Summary of Selected Significant Accounting Polices (Details) - Basic and Diluted Earnings (Loss) Per Share (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Basic and Diluted Earnings (Loss) Per Share [Abstract]	'	'
Net income (loss) (in Dollars)	$3,709	($44,717)
Weighted-average shares outstanding – basic	51,166,766	44,854,988
Effect of diluted securities attributable to stock-based payments	356,404	'
Weighted-average shares outstanding – diluted	51,523,170	44,854,988
Basic (in Dollars per share)	$0.07	($1)
Diluted (in Dollars per share)	$0.07	($1)

Note_4_Other_Accrued_Liabiliti2

Note 4 - Other Accrued Liabilities (Details) - Components of Accrued Liabilities (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Components of Accrued Liabilities [Abstract]	'	'
Customer deposits	$6,694	$5,301
Accrued wages and salaries	3,034	2,905
Taxes - other	2,424	1,783
Interest payable	310	409
Sales return reserve	3,100	2,850
Current portion of debt and capital lease obligation	3,879	3,870
	$19,441	$17,118

Note_5_LongTerm_Debt_Details

Note 5 - Long-Term Debt (Details) (USD $)	3 Months Ended	12 Months Ended		12 Months Ended	0 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Oct. 03, 2012	Dec. 31, 2013	Oct. 03, 2012	Oct. 03, 2012
				Quarterly Payment [Member]	Minimum [Member]	Maximum [Member]
Note 5 - Long-Term Debt (Details) [Line Items]	'	'	'	'	'	'
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)	'	'	$120	'	'	'
Line of Credit, Current (in Dollars)	'	'	25	'	'	'
Line of Credit Facility, Amount Outstanding (in Dollars)	72.5	73.5	95	'	'	'
Debt Instrument, Basis Spread on Variable Rate	2.16%	2.41%	'	'	1.75%	2.25%
Debt Instrument Basis Spread On Federal Funds Rate	'	'	0.50%	'	'	'
Debt Instrument Basis Spread On Eurodollar Rate	'	'	1.00%	'	0.75%	1.25%
Debt Instrument, Interest Rate, Effective Percentage	4.25%	4.25%	'	'	'	'
Line of Credit Facility, Periodic Payment (in Dollars)	'	'	'	$0.90	'	'

Note_7_Equity_Incentive_Plans_

Note 7 - Equity Incentive Plans (Details) (USD $)	3 Months Ended
In Millions, except Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Note 7 - Equity Incentive Plans (Details) [Line Items]	'	'
Allocated Share-based Compensation Expense	$0.40	$0.30
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number (in Shares)	2,487,000	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price (in Dollars per share)	$13.88	'
Employee Stock Option [Member] | Selling, General and Administrative Expenses [Member]	'	'
Note 7 - Equity Incentive Plans (Details) [Line Items]	'	'
Allocated Share-based Compensation Expense	1	'
Stock or Unit Option Plan Expense	'	$0.80

Note_8_Warrants_Details

Note 8 - Warrants (Details) (USD $)	3 Months Ended
In Millions, except Share data, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Warrants [Abstract]	'	'
Class of Warrant or Right, Outstanding	0	0
Change In Fair Value Of Warrants (in Dollars)	$51.80	'