Tile Shop (TTSH) 10-Q 3 Nov 22 2022 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2022	Oct. 31, 2022
Document And Entity Information
Document Type	10-Q
Document Quarterly Report	true
Current Fiscal Year End Date	--12-31
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	001-35629
Entity Registrant Name	TILE SHOP HOLDINGS, INC.
Entity Incorporation State Country Code	DE
Entity Tax Identification Number	45-5538095
Entity Address, Address Line 1	14000 Carlson Parkway
Entity Address City Or Town	Plymouth
Entity Address State Or Province	MN
Entity Address Postal Zip Code	55441
City Area Code	763
Local Phone Number	852-2950
Security 12b Title	Common Stock, $0.0001 par value
Trading Symbol	TTSH
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		44,362,399
Document Fiscal Year Focus	2022
Amendment Flag	false
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001552800

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 12,423	$ 9,358
Restricted cash	3,131	655
Receivables, net	4,104	3,202
Inventories	121,481	97,175
Income tax receivable	106	6,923
Other current assets, net	11,600	9,769
Total Current Assets	152,845	127,082
Property, plant and equipment, net	73,368	82,285
Right of use asset	116,103	123,101
Deferred tax assets	6,633	6,953
Long-term income tax receivable	9,060
Other assets	2,974	1,337
Total Assets	360,983	340,758
Current liabilities:
Accounts payable	32,809	30,884
Income tax payable	2,371	390
Current portion of lease liability	27,826	28,190
Other accrued liabilities	40,121	38,249
Total Current Liabilities	103,127	97,713
Long-term debt	30,400	5,000
Long-term lease liability, net	101,571	110,261
Other long-term liabilities	4,150	5,560
Total Liabilities	239,248	218,534
Stockholders’ Equity:
Common stock, par value $0.0001; authorized: 100,000,000 shares; issued and outstanding: 48,084,360 and 51,963,377 shares, respectively	5	5
Preferred stock, par value $0.0001; authorized: 10,000,000 shares; issued and outstanding: 0 shares
Additional paid-in-capital	127,813	126,920
Accumulated deficit	(6,008)	(4,713)
Accumulated other comprehensive (loss) income	(75)	12
Total Stockholders' Equity	121,735	122,224
Total Liabilities and Stockholders' Equity	$ 360,983	$ 340,758

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2022	Dec. 31, 2021
Consolidated Balance Sheets [Abstract]
Common stock, par value (per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	48,084,360	51,963,377
Common stock, shares outstanding	48,084,360	51,963,377
Preferred stock, par value (per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Consolidated Statements of Operations [Abstract]
Net sales	$ 97,154	$ 92,240	$ 307,230	$ 280,517
Cost of sales	32,542	29,291	104,754	86,957
Gross profit	64,612	62,949	202,476	193,560
Selling, general and administrative expenses	59,109	59,791	182,459	175,880
Income from operations	5,503	3,158	20,017	17,680
Interest expense	(319)	(204)	(786)	(517)
Income before income taxes	5,184	2,954	19,231	17,163
Provision for income taxes	(1,361)	(779)	(4,981)	(4,197)
Net income	$ 3,823	$ 2,175	$ 14,250	$ 12,966
Income per common share:
Basic	$ 0.08	$ 0.04	$ 0.28	$ 0.26
Diluted	$ 0.08	$ 0.04	$ 0.28	$ 0.25
Weighted average shares outstanding:
Basic	50,423,923	50,545,761	50,674,870	50,305,455
Diluted	50,717,426	51,384,034	51,080,404	51,069,853

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Consolidated Statements of Comprehensive Income [Abstract]
Net income	$ 3,823	$ 2,175	$ 14,250	$ 12,966
Currency translation adjustment	(46)		(87)	12
Other comprehensive (loss) income	(46)		(87)	12
Comprehensive income	$ 3,777	$ 2,175	$ 14,163	$ 12,978

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
Beginning balance at Dec. 31, 2020	$ 5,000	$ 158,556,000	$ (19,487,000)	$ (12,000)	$ 139,062,000
Beginning balance (in shares) at Dec. 31, 2020	51,701,080
Issuance of restricted shares (in shares)	421,547
Cancellation of restricted shares (in shares)	(19,687)
Stock based compensation		1,859,000			1,859,000
Tax withholdings related to net share settlements of stock based compensation awards	$ (118,671)	(821,000)			(821,000)
Foreign currency translation adjustments				12,000	12,000
Net income			12,966,000		12,966,000
Balance at Sep. 30, 2021	$ 5,000	159,594,000	(6,521,000)		153,078,000
Balance (in shares) at Sep. 30, 2021	51,984,269
Beginning balance at Jun. 30, 2021	$ 5,000	159,149,000	(8,696,000)		150,458,000
Beginning balance (in shares) at Jun. 30, 2021	51,912,689
Issuance of restricted shares (in shares)	99,523
Cancellation of restricted shares (in shares)	(12,632)
Stock based compensation		560,000			560,000
Tax withholdings related to net share settlements of stock based compensation awards		(115,000)			(115,000)
Tax withholdings related to net share settlements of stock based compensation awards (in shares)	(15,311)
Net income			2,175,000		2,175,000
Balance at Sep. 30, 2021	$ 5,000	159,594,000	(6,521,000)		153,078,000
Balance (in shares) at Sep. 30, 2021	51,984,269
Beginning balance at Dec. 31, 2021	$ 5,000	126,920,000	(4,713,000)	12,000	$ 122,224,000
Beginning balance (in shares) at Dec. 31, 2021	51,963,377				51,963,377
Issuance of restricted shares (in shares)	592,396
Cancellation of restricted shares (in shares)	(258,038)
Stock based compensation		1,617,000			$ 1,617,000
Tax withholdings related to net share settlements of stock based compensation awards		(724,000)			(724,000)
Tax withholdings related to net share settlements of stock based compensation awards (in shares)	(118,783)
Repurchase of common stock			(15,545,000)		(15,545,000)
Repurchase of common stock (in shares)	(4,094,592)
Foreign currency translation adjustments				(87,000)	(87,000)
Net income			14,250,000		14,250,000
Balance at Sep. 30, 2022	$ 5,000	127,813,000	(6,008,000)	(75,000)	$ 121,735,000
Balance (in shares) at Sep. 30, 2022	48,084,360				48,084,360
Beginning balance at Jun. 30, 2022	$ 5,000	127,298,000	5,714,000	(29,000)	$ 132,988,000
Beginning balance (in shares) at Jun. 30, 2022	52,270,922
Cancellation of restricted shares (in shares)	(77,292)
Stock based compensation		563,000			563,000
Tax withholdings related to net share settlements of stock based compensation awards		(48,000)			(48,000)
Tax withholdings related to net share settlements of stock based compensation awards (in shares)	(14,678)
Repurchase of common stock			(15,545,000)		(15,545,000)
Repurchase of common stock (in shares)	(4,094,592)
Foreign currency translation adjustments				(46,000)	(46,000)
Net income			3,823,000		3,823,000
Balance at Sep. 30, 2022	$ 5,000	$ 127,813,000	$ (6,008,000)	$ (75,000)	$ 121,735,000
Balance (in shares) at Sep. 30, 2022	48,084,360				48,084,360

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash Flows From Operating Activities
Net income	$ 14,250,000	$ 12,966,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	19,011,000	20,948,000
Amortization of debt issuance costs	363,000	227,000
Loss on disposals of property, plant and equipment		14,000
Impairment charges	0	720,000
Non-cash lease expense	19,418,000	18,605,000
Stock based compensation	1,617,000	1,859,000
Deferred income taxes	320,000	(836,000)
Changes in operating assets and liabilities:
Receivables, net	(902,000)	(356,000)
Inventories	(24,305,000)	(2,401,000)
Other current assets, net	(3,479,000)	1,051,000
Accounts payable	1,831,000	4,304,000
Income tax receivable / payable	(263,000)	(56,000)
Accrued expenses and other liabilities	(20,676,000)	(12,655,000)
Net cash provided by operating activities	7,185,000	44,390,000
Cash Flows From Investing Activities
Purchases of property, plant and equipment	(10,340,000)	(8,933,000)
Net cash used in investing activities	(10,340,000)	(8,933,000)
Cash Flows From Financing Activities
Payments of long-term debt	(45,000,000)
Advances on line of credit	70,400,000
Employee taxes paid for shares withheld	(724,000)	(821,000)
Repurchases of common stock	(15,545,000)
Debt issuance costs	(360,000)
Net cash provided by (used) in financing activities	8,771,000	(821,000)
Effect of exchange rate changes on cash	(75,000)	11,000
Net change in cash, cash equivalents and restricted cash	5,541,000	34,647,000
Cash, cash equivalents and restricted cash beginning of period	10,013,000	10,272,000
Cash, cash equivalents and restricted cash end of period	15,554,000	44,919,000
Cash and cash equivalents	12,423,000	44,264,000
Restricted cash	3,131,000	655,000
Cash, cash equivalents and restricted cash end of period	15,554,000	44,919,000
Supplemental disclosure of cash flow information
Purchases of property, plant and equipment included in accounts payable and accrued expenses	129,000	237,000
Cash paid for interest	882,000	565,000
Cash paid for income taxes, net	$ 4,922,000	$ 5,088,000

Background

Background	9 Months Ended
	Sep. 30, 2022
Background [Abstract]
Background	No te 1: Background Tile Shop Holdings, Inc. (“Holdings,” and together with its wholly owned subsidiaries, the “Company”) was incorporated in Delaware in June 2012. The Company is a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories in the United States. The Company manufactures its own setting and maintenance materials, such as thinset, grout, and sealers. The Company’s primary market is retail sales to consumers, contractors, designers and home builders. As of September 30, 2022, the Company had 143 stores in 31 states and the District of Columbia, with an average size of approximately 20,000 square feet. The Company has distribution centers located in Michigan, New Jersey, Oklahoma, Virginia and Wisconsin. The Company also has a sourcing office located in China. The accompanying Consolidated Financial Statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the rules and regulations for reporting on Form 10 - Q. Accordingly, they do not include certain information and disclosures required for comprehensive financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included and are of a normal recurring nature, including the elimination of all intercompany transactions. Operating results for the three and nine months ended September 30, 2022 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31 , 2022. These statements should be read in conjunction with the Consolidated Financial Statements and footnotes included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021. The accounting policies used in preparing these Consolidated Financial Statements are the same as those described in Note 1 to the Consolidated Financial Statements in such Form 10-K.

Revenues

Revenues	9 Months Ended
	Sep. 30, 2022
Revenues [Abstract]
Revenues	Note 2: Revenues Revenues are recognized when control of the promised goods or services is transferred to the Company’s customers, in an amount that reflects the consideration received in exchange for those goods or services. Sales taxes are excluded from revenues. The following table presents revenues disaggregated by product category: For the three months ended For the nine months ended September 30, September 30, 2022 2021 2022 2021 Man-made tiles 51 % 49 % 50 % 47 % Natural stone tiles 25 27 25 28 Setting and maintenance materials 15 14 15 14 Accessories 7 7 7 8 Delivery service 2 3 3 3 Total 100 % 100 % 100 % 100 % The Company generates revenues by selling tile products, setting and maintenance materials, accessories, and delivery services to its customers through its store locations and online. The timing of revenue recognition coincides with the transfer of control of goods and services ordered by the customer, which falls into one of three categories described below:  Revenue recognized when an order is placed – If a customer places an order in a store and the contents of their order are available, the Company recognizes revenue concurrent with the exchange of goods for consideration from the customer.  Revenue recognized when an order is picked up – If a customer places an order for items held in a centralized distribution center, the Company requests a deposit from the customer at the time they place the order. Subsequently, when the contents of the customer’s order are delivered to the store, the customer returns to the store and picks up the items that were ordered. The Company recognizes revenue on this transaction when the customer picks up their order.  Revenue recognized when an order is delivered – If a customer places an order in a store and requests delivery of their order, the Company prepares the contents of their order, initiates the delivery service, and recognizes revenue once the contents of the customer’s order are delivered. The Company determines the transaction price of its contracts based on the pricing established at the time a customer places an order. The transaction price does not include sales tax as the Company is a pass-through conduit for collecting and remitting sales tax. Any discounts applied to an order are allocated proportionately to the base price of the goods and services ordered. Deposits made by customers are recorded in other accrued liabilities. Deferred revenues associated with customer deposits are recognized at the time the Company transfers control of the items ordered or renders the delivery service. In the event an order is partially fulfilled as of the end of a reporting period, revenue will be recognized based on the transaction price allocated to the goods delivered and services rendered. The customer deposit balance was $ 13.2 million and $ 13.8 million as of September 30, 2022 and December 31, 2021, respectively. Revenues recognized during the nine months ended September 30, 2022 that were included in the customer deposit balance as of the beginning of the period were $ 13.4 million. The Company extends financing to qualified professional customers who apply for credit. Customers who qualify for an account receive 30-day payment terms. The accounts receivable balance was $ 4.1 million and $ 3.2 million at September 30, 2022 and December 31, 2021, respectively. The Company expects that the customer will pay for the goods and services ordered within one year from the date the order is placed. Accordingly, the Company does not adjust the promised amount of consideration for the effects of the financing component. Customers may return purchased items for an exchange or refund. The Company records a reserve for estimated product returns based on the historical returns trends and the current product sales performance. The Company presents the sales returns reserve as an other accrued liability and the estimated value of the inventory that will be returned as an other current asset in the Consolidated Balance Sheet. The components of the sales returns reserve reflected in the Consolidated Balance Sheets as of September 30, 2022 and December 31, 2021 were as follows: (in thousands) September 30, December 31, 2022 2021 Other accrued liabilities $ 5,781 $ 5,202 Other current assets 1,849 1,658 Sales returns reserve, net $ 3,932 $ 3,544

Inventories

Inventories	9 Months Ended
	Sep. 30, 2022
Inventories [Abstract]
Inventories	Note 3: Inventories Inventories are stated at the lower of cost (determined using the moving average cost method) or net realizable value. Inventories consist primarily of merchandise held for sale. Inventories were comprised of the following as of September 30, 2022 and December 31, 2021: (in thousands) September 30, December 31, 2022 2021 Finished goods $ 119,991 $ 95,869 Raw materials 1,490 1,306 Total $ 121,481 $ 97,175 The Company provides provisions for losses related to shrinkage and other amounts that are otherwise not expected to be fully recoverable. These provisions are calculated based on historical shrinkage, selling price, margin and current business trends. The provision for losses related to shrinkage and other amounts was $ 0.6 million and $ 0.5 million as of September 30, 2022 and December 31, 2021, respectively.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2022
Income Taxes [Abstract]
Income Taxes	Note 4: Income Taxes The Company's effective tax rate on net income before taxes for the three months ended September 30, 2022 and 2021 was 26.3 % and 26.4 %, respectively. The Company’s effective tax rate for the nine months ended September 30, 2022 and 2021 was 25.9 % and 24.5 %, respectively. For the three months ended September 30, 2022 and 2021, the Company recorded a provision for income taxes of $ 1.4 million and $ 0.8 million, respectively. The increase in the provision for income taxes was due to higher pretax earnings in the quarter. For the nine months ended September 3 0 , 2022 and 2021, the Company recorded a provision for income taxes of $ 5.0 million and $ 4.2 million, respectively. The increase in the provision for income taxes was due to higher pretax earnings and a decrease in the tax benefits recognized with respect to restricted stock vesting. The Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”), enacted on March 27, 2020, modified the rules associated with net operating losses (“NOLs”) and technical corrections to tax depreciation methods for qualified property improvements. The Company adopted the applicable provisions outlined in the CARES Act and filed a quick refund claim in 2020. Due to administrative challenges, the Internal Revenue Service (“IRS”) was unable to process the Company’s refund. After repeated attempts to retransmit the Company’s refund claim to the IRS, the Company refiled its refund claim using Form 1120X during the three months ended September 30, 2022. The refund claim filed on Form 1120X will require a review by the Congressional Joint Committee on Taxation and t he Company anticipates that the likelihood of receiving the tax refund within the next 12 months is remote. Accordingly, the Company classified the $ 9.1 million refund claim as a Long-Term Income Tax Receivable in the Consolidated Balance Sheet as of September 30, 2022. The Company records interest and penalties relating to uncertain tax positions in income tax expense. As of both September 30, 2022 and 2021, the Company had no t recognized any liabilities for uncertain tax positions, no r had interest and penalties related to uncertain tax positions been accrued.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Share	Note 5: Earnings Per Share Basic earnings per share is calculated by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is calculated by dividing net income by the weighted-average number of common shares outstanding, after taking into consideration all dilutive potential shares outstanding during the period. Basic and diluted earnings per share were calculated as follows: (dollars in thousands, except per share data) For the three months ended For the nine months ended September 30, September 30, 2022 2021 2022 2021 Net income $ 3,823 $ 2,175 $ 14,250 $ 12,966 Weighted average shares outstanding - basic 50,423,923 50,545,761 50,674,870 50,305,455 Effect of dilutive securities attributable to stock based awards 293,503 838,273 405,534 764,398 Weighted average shares outstanding - diluted 50,717,426 51,384,034 51,080,404 51,069,853 Income per common share: Basic $ 0.08 $ 0.04 $ 0.28 $ 0.26 Diluted $ 0.08 $ 0.04 $ 0.28 $ 0.25 Anti-dilutive securities excluded from earnings per share calculation 1,176,621 772,580 821,794 990,461

Other Accrued Liabilities

Other Accrued Liabilities	9 Months Ended
	Sep. 30, 2022
Other Accrued Liabilities [Abstract]
Other Accrued Liabilities	Note 6: Other Accrued Liabilities Other accrued liabilities consisted of the following: (in thousands) September 30, December 31, 2022 2021 Customer deposits $ 13,157 $ 13,792 Sales returns reserve 5,781 5,202 Accrued wages and salaries 7,048 8,833 Payroll and sales taxes 4,095 3,796 Other current liabilities 10,040 6,626 Total other accrued liabilities $ 40,121 $ 38,249

Long-term Debt

Long-term Debt	9 Months Ended
	Sep. 30, 2022
Long-term Debt [Abstract]
Long-term Debt	Note 7: Long-term Debt On September 30, 2022 , Holdings and its operating subsidiary, The Tile Shop, LLC, and certain subsidiaries of each entered into a Credit Agreement with JPMorgan Chase Bank, N.A. and the lenders party thereto, including Fifth Third Bank (the “Credit Agreement”). The Credit Agreement provides the Company with a senior credit facility consisting of a $ 75.0 million revolving line of credit through September 30, 2027. Borrowings pursuant to the Credit Agreement initially bear interest at a rate per annum equal to: (i) Adjusted Term SOFR Rate (as defined in the Credit Agreement), plus a margin ranging from 1.25 % to 1.75 %; (ii) Adjusted Daily Simple SOFR (as defined in the Credit Agreement), plus a margin ranging from 1.25 % to 1.75 %; or (iii) the Alternate Base Rate (as defined in the Credit Agreement), plus a margin ranging from 0.25 % to 0.75 %. The margin is determined based on The Tile Shop, LLC’s Rent Adjusted Leverage Ratio (as defined in the Credit Agreement). Borrowings outstanding as of September 30, 2022 were SOFR-based interest rate loans. The SOFR-based interest rate was 4.54 % on September 30, 2022. The Credit Agreement is secured by virtually all of the assets of the Company, including, but not limited to, inventory, accounts receivable, equipment and general intangibles. The Credit Agreement contains customary events of default, conditions to borrowing and restrictive covenants, including restrictions on the Company’s ability to dispose of assets, engage in acquisitions or mergers, make distributions on or repurchases of capital stock, incur additional debt, incur liens or make investments. The Credit Agreement also includes financial and other covenants, including covenants to maintain certain fixed charge coverage ratios and the Rent Adjusted Leverage Ratio. The Company was in compliance with the covenants as of September 30, 2022. The Credit Agreement supersedes and replaces in its entirety the Company’s prior senior credit facility with Bank of America, N.A. dated September 18, 2018. The Company drew on the revolving line of credit pursuant to the Credit Agreement to refinance all of the existing revolving line of credit and interest outstanding under the Company’s prior credit facility, as well as pay -$ 0.4 million in debt issuance costs in connection with the Credit Agreement. Debt issuance costs are classified as other current assets and other assets in the Consolidated Balance Sheet and amortized on a straight line basis over the life of the Credit Agreement. The Company recorded a $ 0.1 million charge in interest expense to write-off certain unamortized deferred financing fees associated with the September 18, 2018 credit facility as of the date of the payoff. Borrowings outstanding consisted of $ 30.4 million on the revolving line of credit as of September 30, 2022. As of September 30, 2022, there was $ 44.6 million available for borrowing on the revolving line of credit, which may be used for purchasing additional merchandise inventory, maintaining the Company’s stores, and general corporate purposes. The Company has standby letters of credit outstanding related to its workers compensation plan and property leases. Standby letters of credit totaled $ 2.4 million as of September 30, 2022. Prior to entering into the Credit Agreement, standby letters of credit were secured by the Company’s September 18, 2018 credit facility. The Company pledged $ 2.5 million of cash as collateral for the standby letters of credit concurrent with payoff of the Company’s prior senior credit facility, which has been classified as restricted cash in the Consolidated Balance Sheet.

Leases

Leases	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Leases	Note 8: Leases The Company leases its retail stores, certain distribution space, and office space. Leases generally have an initial term of ten to fifteen years , and contain renewal options. Assets acquired under operating leases are included in the Company’s right of use assets in the accompanying Consolidated Balance Sheet. The Company’s lease agreements do not contain significant residual value guarantees, restrictions or covenants. Leasehold improvements are amortized using the straight-line method over the shorter of the original lease term, the renewal term if the lease renewal is reasonably certain or the useful life of the improvement. Leases (in thousands) Classification September 30, 2022 December 31, 2021 Assets Operating lease assets Right of use asset $ 116,103 $ 123,101 Total leased assets $ 116,103 $ 123,101 Liabilities Current Operating Current portion of lease liability $ 27,826 $ 28,190 Noncurrent Operating Long-term lease liability, net 101,571 110,261 Total lease liabilities $ 129,397 $ 138,451 Three Months Ended Lease cost (in thousands) Classification September 30, 2022 September 30, 2021 Operating lease cost SG&A expenses $ 7,848 $ 8,521 Variable lease cost (1) SG&A expenses 3,709 3,740 Short term lease cost SG&A expenses 104 125 Net lease cost $ 11,661 $ 12,386 Nine Months Ended Lease cost (in thousands) Classification September 30, 2022 September 30, 2021 Operating lease cost SG&A expenses $ 25,130 $ 25,532 Variable lease cost (1) SG&A expenses 10,670 10,748 Short term lease cost SG&A expenses 346 375 Net lease cost $ 36,146 $ 36,655 (1) Variable lease cost consists primarily of taxes, insurance, and common area or other maintenance costs for the Company’s leased facilities. Nine Months Ended Other Information (in thousands) September 30, 2022 September 30, 2021 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ ( 28,147 ) $ ( 27,675 ) Lease right-of-use assets obtained or modified in exchange for lease obligations $ 12,420 $ - In July 2022, the Company entered into an agreement to modify one of its store leases. The terms of the agreement will require the Company to vacate the store during the fourth quarter of 2022 in exchange for a $ 1.4 million lease incentive payment from the landlord. The Company recognized a $ 0.8 million benefit associated with the modified lease during the three months ended September 30, 2022.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2022
Fair Value of Financial Instruments [Abstract]
Fair Value of Financial Instruments	Note 9: Fair Value of Financial Instruments 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 or liabilities 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. The following table sets forth by level within the fair value hierarchy the Company’s financial assets that were accounted for at fair value on a recurring basis at September 30, 2022 and December 31, 2021 according to the valuation techniques the Company uses to determine their fair values. There have been no transfers of assets among the fair value hierarchies presented. Pricing Fair Value at Category September 30, 2022 December 31, 2021 Assets (in thousands) Cash and cash equivalents Level 1 $ 12,423 $ 9,358 Restricted cash Level 1 3,131 655 The following methods and assumptions were used to estimate the fair value of each class of financial instrument. There have been no changes in the valuation techniques used by the Company to value the Company’s financial instruments.  Cash and cash equivalents: Consists of cash on hand and bank deposits. The value was measured using quoted market prices in active markets. The carrying amount approximates fair value.  Restricted cash: Consists of cash and cash equivalents held in bank deposit accounts restricted as to withdrawal or that are under the terms of use for current operations. The value was measured using quoted market prices in active markets. The carrying amount approximates fair value. Fair value measurements also apply to certain non-financial assets and liabilities measured at fair value on a nonrecurring basis. Property, plant and equipment and right of use assets are measured at fair value when an impairment is recognized and the related assets are written down to fair value. The Company did no t record any impairment losses during the three and nine months ended September 30, 2022. During the three and nine months ended September 30, 2021, the Company recognized a $ 0.7 million charge in selling, general and administrative expenses to write-down property, plant and equipment and right of use assets to their estimated fair values.

Equity Incentive Plans

Equity Incentive Plans	9 Months Ended
	Sep. 30, 2022
Equity Incentive Plans [Abstract]
Equity Incentive Plans	Note 10: Equity Incentive Plans On July 20, 2021, the Company’s stockholders approved the 2021 Omnibus Equity Compensation Plan (the “2021 Plan”). The 2021 Plan replaced the 2012 Omnibus Award Plan (the “Prior Plan”). Awards granted under the Prior Plan that were outstanding on the date of stockholder approval remained outstanding in accordance with their terms. The maximum number of shares that may be delivered with respect to awards under the 2021 Plan is 3,500,000 shares, subject to adjustment in certain circumstances. Shares tendered or withheld to pay the exercise price of a stock option or to cover tax withholding will not be added back to the number of shares available under the 2021 Plan. To the extent that any award under the 2021 Plan, or any award granted under the Prior Plan prior to stockholder approval of the 2021 Plan, is forfeited, canceled, surrendered or otherwise terminated without the issuance of shares or an award is settled only in cash, the shares subject to such awards granted but not delivered will be added to the number of shares available for awards under the 2021 Plan. Stock options: The Company measures and recognizes compensation expense for all stock based awards at fair value. The financial statements for the three and nine months ended September 30, 2022 and 2021 include compensation expense for the portion of outstanding awards that vested during those periods. The Company recognizes stock based compensation expenses on a straight-line basis over the requisite service period of the award, which is generally the option vesting term. Total stock based compensation expense related to stock options was less than $ 0.1 million for the three months ended September 30, 2022 and $ 0.1 million for the three months ended September 30, 202 1. Total stock based compensation expense related to stock options was $ 0.1 million and $ 0.3 million for the nine months ended September 30, 2022 and 2021, respectively. Stock based compensation expense pertaining to stock options is included in selling, general and administrative expenses in the accompanying Consolidated Statements of Operations. As of September 30, 2022, the Company had outstanding stock options to purchase 575,267 shares of common stock at a weighted average exercise price of $ 11.26 per share. Restricted stock: The Company awards restricted common shares to selected employees and to non-employee directors. Recipients are not required to provide any consideration upon vesting of the award. Restricted stock 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. Certain awards are also subject to forfeiture if the Company fails to attain certain performance targets. 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. The Company adjusts the cumulative expense recognized on awards with performance conditions based on the probability of achieving the performance condition. Total stock based compensation expense related to restricted stock was $ 0.5 million for both the three months ended September 30, 2022 and 2021. Total stock based compensation expense related to restricted stock was $ 1.5 million and $ 1.6 million for the nine months ended September 30, 2022 and 2021, respectively. Stock based compensation expense pertaining to restricted stock awards is included in selling, general and administrative expenses in the accompanying Consolidated Statements of Operations. As of September 30, 2022, the Company had 1,191,658 outstanding restricted common shares.

New Markets Tax Credit

New Markets Tax Credit	9 Months Ended
	Sep. 30, 2022
New Markets Tax Credit [Abstract]
New Markets Tax Credit	Note 11: New Markets Tax Credit 2016 New Markets Tax Credit In December 2016, the Company entered into a financing transaction with U.S. Bank Community, LLC (“U.S. Bank”) related to a $ 9.2 million expansion of the Company’s facility in Durant, Oklahoma. U.S. Bank made a capital contribution to, and Tile Shop Lending, Inc. (“Tile Shop Lending”) made a loan to, Twain Investment Fund 192 LLC (the “Investment Fund”) under a qualified New Markets Tax Credit (“NMTC”) program. The NMTC program was provided for in the Community Renewal Tax Relief Act of 2000 (the “Act”) and is intended to induce capital investment in qualified lower income communities. The Act permits taxpayers to claim credits against their federal income taxes for up to 39% of qualified investments in the equity of community development entities (“CDEs”). CDEs are privately managed investment institutions that are certified to make qualified low-income community investments. In this transaction, Tile Shop Lending loaned $ 6.7 million to the Investment Fund at an interest rate of 1.37 % per year and with a maturity date of December 31, 2046 . The Investment Fund then contributed the loan to a CDE, which, in turn, loaned the funds on similar terms to Tile Shop of Oklahoma, LLC, an indirect, wholly-owned subsidiary of Holdings. The proceeds of the loans from the CDEs (including loans representing the capital contribution made by U.S. Bank, net of syndication fees) were used to partially fund the distribution center project. In December 2016, U.S. Bank contributed $ 3.2 million to the Investment Fund and, by virtue of such contribution, is entitled to substantially all of the tax benefits derived from the NMTC, while the Company effectively received net loan proceeds equal to U.S. Bank’s contributions to the Investment Fund. This transaction includes a put/call provision whereby the Company may be obligated or entitled to repurchase U.S. Bank’s interest. The Company believes that U.S. Bank will exercise the put option in December 2023 at the end of the recapture period. The value attributed to the put/call is de minimis. The NMTC is subject to 100% recapture for a period of seven years as provided in the Internal Revenue Code. The Company is required to be in compliance with various regulations and contractual provisions that apply to the NMTC arrangement. Non-compliance with applicable requirements could result in projected tax benefits not being realized and, therefore, could require the Company to indemnify U.S. Bank for any loss or recapture of NMTCs related to the financing until such time as the obligation to deliver tax benefits is relieved. The Company does not anticipate any credit recaptures will be required in connection with this arrangement. The Company has determined that the financing arrangement with the Investment Fund and CDEs constitutes a variable interest entity (“VIE”). The ongoing activities of the Investment Fund – collecting and remitting interest and fees and NMTC compliance – were all considered in the initial design and are not expected to significantly affect economic performance throughout the life of the Investment Fund. Management considered the contractual arrangements that obligate the Company to deliver tax benefits and provide various other guarantees to the structure; U.S. Bank’s lack of a material interest in the underlying economics of the project; and the fact that the Company is obligated to absorb losses of the Investment Fund. The Company concluded that it is the primary beneficiary of the VIE and consolidated the Investment Fund, as a VIE, in accordance with the accounting standards for consolidation. In 2016, U.S. Bank contributed $ 3.2 million, net of syndication fees, to the Investment Fund. The Company incurred $ 1.3 million of syndication fees in connection with this transaction. The Company is recognizing the benefit of this net $ 1.9 million contribution over the seven-year compliance period as it is being earned through the on-going compliance with the conditions of the NMTC program. As of September 30, 2022, the balance of the contribution liability for this arrangement was $ 0.6 million, of which $ 0.5 million was classified as other accrued liabilities on the Consolidated Balance Sheet and $ 0.1 million was classified as other long-term liabilities on the Consolidated Balance Sheet. The Company is able to request reimbursement for certain expenditures made in connection with the expansion of the distribution center in Durant, Oklahoma from the Investment Fund. Expenditures that qualify for reimbursement include building costs, equipment purchases, and other expenditures tied to the expansion of the facility. As of September 30, 2022, the remaining balance in the Investment Fund available for reimbursement to the Company was $ 0.6 million.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2022
Related Party Transactions [Abstract]
Related Party Transactions	Note 12: Related Party Transactions On July 9, 2018, Fumitake Nishi informed the Company he had acquired an ownership interest in one of the Company’s key vendors, Nanyang Helin Stone Co. Ltd (“Nanyang”). Mr. Nishi is a former Company employee and the brother-in-law of Robert A. Rucker, the Company’s former Interim Chief Executive Officer and President, former member of the Company’s Board of Directors, and former holder of more than 5 % of the Company’s common stock. Mr. Nishi also has an ownership interest in Tilestyling Co. Ltd (“Tile Style”), a vendor from which the Company started acquiring product in 2020. Nanyang and Tile Style supply the Company with natural stone products, including hand-crafted mosaics, listellos and other accessories. During the three months ended September 30, 2022 and 2021, the Company purchased $ 2.2 million and $ 2.9 million of products from Nanyang, respectively. During the nine months ended September 30, 2022 and 2021, the Company purchased $ 7.9 million and $ 6.2 million of products from Nanyang, respectively. As of September 30, 2022, the accounts payable balance due to Nanyang was $ 0.3 million. As of September 30, 2021, there were no accounts payable due to Nanyang. During the three months ended September 30, 2022 and 2021, the Company purchased $ 1.1 million and $ 1.0 million of products from Tile Style, respectively. During the nine months ended September 30, 2022 and 2021, the Company purchased $ 2.7 million and $ 2.1 million of products from Tile Style, respectively. As of both September 30, 2022 and 2021, the accounts payable due to Tile Style was $ 0.1 million . Mr. Nishi’s employment with the Company was terminated on January 1, 2014 as a result of several violations of the Company’s code of business conduct and ethics policy. Certain of those violations involved his undisclosed ownership of Nanyang at that time. Management and the Audit Committee have evaluated these relationships and determined that it would be in the Company’s best interests to continue purchasing products from Nanyang and to begin purchasing products from Tile Style. The Company believes Nanyang and Tile Style each provide an important combination of quality, product availability and pricing, and relying solely on other vendors to supply similar product to the Company would not be in the Company’s best interests. The Company and the Audit Committee will continue to review future purchases from Nanyang and Tile Style and compare the pricing for products purchased from each of Nanyang and Tile Style to the pricing of same or similar products purchased from unrelated vendors.

Share Repurchase

Share Repurchase	9 Months Ended
	Sep. 30, 2022
Share Repurchase [Abstract]
Share Repurchase	Note 13: Share Repurchase On August 16, 2022, the Company announced that the Board of Directors of the Company authorized a share repurchase program, pursuant to which the Company may, from time to time, purchase shares of its common stock for an aggregate repurchase price not to exceed $ 30,000,000 . Shares repurchased during the quarter were retired. Share repurchases were as follows: Three and Nine Months Ended September 30, 2022 Shares of common stock 4,094,592 Aggregate purchase price (in thousands) (1) $ 15,545 (1) Includes $ 15.4 million to repurchase shares and $ 0.1 million of broker commissions.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	Note 14: Subsequent Events In October 2022, the Company completed its share repurchase program. A total of 7,805,226 shares were acquired for $ 30.2 million, which was comprised of $ 30.0 million to purchase shares and $ 0.2 million of brokerage commissions. The average price paid to acquire shares over the course of the share repurchase program, inclusive of brokerage commissions, was $ 3.87 per share.

Background (Policy)

Background (Policy)	9 Months Ended
	Sep. 30, 2022
Background [Abstract]
Nature of Business	The Company is a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories in the United States. The Company manufactures its own setting and maintenance materials, such as thinset, grout, and sealers. The Company’s primary market is retail sales to consumers, contractors, designers and home builders. As of September 30, 2022, the Company had 143 stores in 31 states and the District of Columbia, with an average size of approximately 20,000 square feet. The Company has distribution centers located in Michigan, New Jersey, Oklahoma, Virginia and Wisconsin. The Company also has a sourcing office located in China.
Basis of Presentation	The accompanying Consolidated Financial Statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the rules and regulations for reporting on Form 10 - Q. Accordingly, they do not include certain information and disclosures required for comprehensive financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included and are of a normal recurring nature, including the elimination of all intercompany transactions. Operating results for the three and nine months ended September 30, 2022 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31 , 2022. These statements should be read in conjunction with the Consolidated Financial Statements and footnotes included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021. The accounting policies used in preparing these Consolidated Financial Statements are the same as those described in Note 1 to the Consolidated Financial Statements in such Form 10-K.

Revenues (Tables)

Revenues (Tables)	9 Months Ended
	Sep. 30, 2022
Revenues [Abstract]
Schedule of Revenues Disaggregated by Product Category	For the three months ended For the nine months ended September 30, September 30, 2022 2021 2022 2021 Man-made tiles 51 % 49 % 50 % 47 % Natural stone tiles 25 27 25 28 Setting and maintenance materials 15 14 15 14 Accessories 7 7 7 8 Delivery service 2 3 3 3 Total 100 % 100 % 100 % 100 %
Schedule of Components of Returns Reserve	(in thousands) September 30, December 31, 2022 2021 Other accrued liabilities $ 5,781 $ 5,202 Other current assets 1,849 1,658 Sales returns reserve, net $ 3,932 $ 3,544

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2022
Inventories [Abstract]
Schedule of Inventories	(in thousands) September 30, December 31, 2022 2021 Finished goods $ 119,991 $ 95,869 Raw materials 1,490 1,306 Total $ 121,481 $ 97,175

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Earnings Per Share	(dollars in thousands, except per share data) For the three months ended For the nine months ended September 30, September 30, 2022 2021 2022 2021 Net income $ 3,823 $ 2,175 $ 14,250 $ 12,966 Weighted average shares outstanding - basic 50,423,923 50,545,761 50,674,870 50,305,455 Effect of dilutive securities attributable to stock based awards 293,503 838,273 405,534 764,398 Weighted average shares outstanding - diluted 50,717,426 51,384,034 51,080,404 51,069,853 Income per common share: Basic $ 0.08 $ 0.04 $ 0.28 $ 0.26 Diluted $ 0.08 $ 0.04 $ 0.28 $ 0.25 Anti-dilutive securities excluded from earnings per share calculation 1,176,621 772,580 821,794 990,461

Other Accrued Liabilities (Tabl

Other Accrued Liabilities (Tables)	9 Months Ended
	Sep. 30, 2022
Other Accrued Liabilities [Abstract]
Schedule of Other Accrued Liabilities	(in thousands) September 30, December 31, 2022 2021 Customer deposits $ 13,157 $ 13,792 Sales returns reserve 5,781 5,202 Accrued wages and salaries 7,048 8,833 Payroll and sales taxes 4,095 3,796 Other current liabilities 10,040 6,626 Total other accrued liabilities $ 40,121 $ 38,249

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Schedule of Lease Assets and Liabilities	Leases (in thousands) Classification September 30, 2022 December 31, 2021 Assets Operating lease assets Right of use asset $ 116,103 $ 123,101 Total leased assets $ 116,103 $ 123,101 Liabilities Current Operating Current portion of lease liability $ 27,826 $ 28,190 Noncurrent Operating Long-term lease liability, net 101,571 110,261 Total lease liabilities $ 129,397 $ 138,451
Summary of Lease Cost	Three Months Ended Lease cost (in thousands) Classification September 30, 2022 September 30, 2021 Operating lease cost SG&A expenses $ 7,848 $ 8,521 Variable lease cost (1) SG&A expenses 3,709 3,740 Short term lease cost SG&A expenses 104 125 Net lease cost $ 11,661 $ 12,386 Nine Months Ended Lease cost (in thousands) Classification September 30, 2022 September 30, 2021 Operating lease cost SG&A expenses $ 25,130 $ 25,532 Variable lease cost (1) SG&A expenses 10,670 10,748 Short term lease cost SG&A expenses 346 375 Net lease cost $ 36,146 $ 36,655 (1) Variable lease cost consists primarily of taxes, insurance, and common area or other maintenance costs for the Company’s leased facilities.
Summary of Other Lease Information	Nine Months Ended Other Information (in thousands) September 30, 2022 September 30, 2021 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ ( 28,147 ) $ ( 27,675 ) Lease right-of-use assets obtained or modified in exchange for lease obligations $ 12,420 $ -

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2022
Fair Value of Financial Instruments [Abstract]
Summary of Fair Value of Financial Assets Measured on a Recurring Basis	Pricing Fair Value at Category September 30, 2022 December 31, 2021 Assets (in thousands) Cash and cash equivalents Level 1 $ 12,423 $ 9,358 Restricted cash Level 1 3,131 655

Share Repurchase (Tables)

Share Repurchase (Tables)	9 Months Ended
	Sep. 30, 2022
Share Repurchase [Abstract]
Schedule of Share Repurchases	Three and Nine Months Ended September 30, 2022 Shares of common stock 4,094,592 Aggregate purchase price (in thousands) (1) $ 15,545 (1) Includes $ 15.4 million to repurchase shares and $ 0.1 million of broker commissions.

Background (Narrative) (Details

Background (Narrative) (Details)	Sep. 30, 2022 ft² state store
Background [Abstract]
Number of stores | store	143
Number of states in which entity operates | state	31
Area of stores | ft²	20,000

Revenues (Narrative) (Details)

Revenues (Narrative) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Revenues [Abstract]
Customer deposit balance	$ 13,157	$ 13,792
Customer deposit balance, revenues recognized	13,400
Accounts receivable	$ 4,104	$ 3,202

Revenues (Schedule of Revenues

Revenues (Schedule of Revenues Disaggregated by Product Category) (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Disaggregation of Revenue [Line Items]
Total revenue	100%	100%	100%	100%
Man-Made Tiles [Member]
Disaggregation of Revenue [Line Items]
Total revenue	51%	49%	50%	47%
Natural Stone Tiles [Member]
Disaggregation of Revenue [Line Items]
Total revenue	25%	27%	25%	28%
Setting And Maintenance Materials [Member]
Disaggregation of Revenue [Line Items]
Total revenue	15%	14%	15%	14%
Accessories [Member]
Disaggregation of Revenue [Line Items]
Total revenue	7%	7%	7%	8%
Delivery Service [Member]
Disaggregation of Revenue [Line Items]
Total revenue	2%	3%	3%	3%

Revenues (Schedule of Component

Revenues (Schedule of Components of Returns Reserve) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Revenues [Abstract]
Other accrued liabilities	$ 5,781	$ 5,202
Other current assets	1,849	1,658
Sales returns reserve, net	$ 3,932	$ 3,544

Inventories (Narrative) (Detail

Inventories (Narrative) (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Inventories [Abstract]
Inventory, provision for shrinkage and other	$ 0.6	$ 0.5

Inventories (Schedule of Invent

Inventories (Schedule of Inventories) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Inventories [Abstract]
Finished goods	$ 119,991	$ 95,869
Raw materials	1,490	1,306
Total	$ 121,481	$ 97,175

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Taxes [Abstract]
Effective income tax rate	26.30%	26.40%	25.90%	24.50%
Provision for income taxes	$ 1,361,000	$ 779,000	$ 4,981,000	$ 4,197,000
Long-term income tax receivable	9,060,000		9,060,000
Liability for uncertain tax positions	$ 0	$ 0	0	0
Income tax interest and penalties related to uncertain tax positions			$ 0	$ 0

Earnings Per Share (Schedule of

Earnings Per Share (Schedule of Basic and Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share [Abstract]
Net income	$ 3,823	$ 2,175	$ 14,250	$ 12,966
Weighted average shares outstanding - basic	50,423,923	50,545,761	50,674,870	50,305,455
Effect of dilutive securities attributable to stock based awards	293,503	838,273	405,534	764,398
Weighted average shares outstanding - diluted	50,717,426	51,384,034	51,080,404	51,069,853
Basic income per common share	$ 0.08	$ 0.04	$ 0.28	$ 0.26
Diluted income per common share	$ 0.08	$ 0.04	$ 0.28	$ 0.25
Anti-dilutive securities excluded from earnings per share calculation	1,176,621	772,580	821,794	990,461

Other Accrued Liabilities (Sche

Other Accrued Liabilities (Schedule of Other Accrued Liabilities) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Other Accrued Liabilities [Abstract]
Customer deposits	$ 13,157	$ 13,792
Sales returns reserve	5,781	5,202
Accrued wages and salaries	7,048	8,833
Payroll and sales taxes	4,095	3,796
Other current liabilities	10,040	6,626
Total other accrued liabilities	$ 40,121	$ 38,249

Long-term Debt (Narrative) (Det

Long-term Debt (Narrative) (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Debt Instrument [Line Items]
Interest expense		$ 319	$ 204	$ 786	$ 517
Debt issuance costs				360
Standby Letters of Credit [Member]
Debt Instrument [Line Items]
Standby letters of credit	$ 2,400	2,400		2,400
Credit Agreement [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Credit facility, initiation date	Sep. 30, 2022
Borrowings outstanding	$ 75,000	75,000		75,000
Credit facility, amount outstanding	30,400	30,400		30,400
Interest expense	100
Credit facility, available borrowing capacity	44,600	44,600		44,600
Debt issuance costs	400
Credit Agreement [Member] | Standby Letters of Credit [Member]
Debt Instrument [Line Items]
Cash collateral for standyby letters of credit	$ 2,500	$ 2,500		$ 2,500
Credit Agreement [Member] | SOFR Rate [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Credit facility effective interest rate	4.54%	4.54%		4.54%
Credit Agreement [Member] | Term SOFR Rate [Member] | Minimum [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Credit facility, spread on variable interest rate				1.25%
Credit Agreement [Member] | Term SOFR Rate [Member] | Maximum [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Credit facility, spread on variable interest rate				1.75%
Credit Agreement [Member] | Daily Simple SOFR Rate [Member] | Minimum [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Credit facility, spread on variable interest rate				1.25%
Credit Agreement [Member] | Daily Simple SOFR Rate [Member] | Maximum [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Credit facility, spread on variable interest rate				1.75%
Credit Agreement [Member] | Alternate Base Rate [Member] | Minimum [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Credit facility, spread on variable interest rate				0.25%
Credit Agreement [Member] | Alternate Base Rate [Member] | Maximum [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Credit facility, spread on variable interest rate				0.75%

Leases (Narrative) (Details)

Leases (Narrative) (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	Jul. 31, 2022	Sep. 30, 2022
Lessee, Lease, Description [Line Items]
Lease incentive payment	$ 1.4
Lease modification benefit		$ 0.8
Minimum [Member]
Lessee, Lease, Description [Line Items]
Operating lease term		10 years
Maximum [Member]
Lessee, Lease, Description [Line Items]
Operating lease term		15 years

Leases (Schedule of Lease Asset

Leases (Schedule of Lease Assets and Liabilities) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Leases [Abstract]
Operating lease assets	$ 116,103	$ 123,101
Total leased assets	116,103	123,101
Current operating lease liabilities	27,826	28,190
Noncurrent operating lease liabilities	101,571	110,261
Total lease liabilities	$ 129,397	$ 138,451

Leases (Summary of Lease Cost)

Leases (Summary of Lease Cost) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Leases [Abstract]
Operating lease cost	$ 7,848	$ 8,521	$ 25,130	$ 25,532
Variable lease cost	3,709	3,740	10,670	10,748
Short term lease cost	104	125	346	375
Net lease cost	$ 11,661	$ 12,386	$ 36,146	$ 36,655

Leases (Summary of Other Lease

Leases (Summary of Other Lease Information) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Leases [Abstract]
Operating cash flows from operating leases	$ (28,147)	$ (27,675)
Lease right-of-use assets obtained or modified in exchange for lease obligations	$ 12,420

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Fair Value of Financial Instruments [Abstract]
Asset impairment charges	$ 0	$ 700,000	$ 0	$ 720,000

Fair Value of Financial Instr_4

Fair Value of Financial Instruments (Summary of Fair Value of Financial Assets Measured on a Recurring Basis) (Details) - Level 1 [Member] - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	$ 12,423	$ 9,358
Restricted cash	$ 3,131	$ 655

Equity Incentive Plans (Narrati

Equity Incentive Plans (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
2021 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized	3,500,000		3,500,000
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 0.1	$ 0.1	$ 0.1	$ 0.3
Stock options outstanding	575,267		575,267
Stock options outstanding, weighted average exercise price	$ 11.26		$ 11.26
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 0.5	$ 0.5	$ 1.5	$ 1.6
Restricted stock outstanding	1,191,658		1,191,658

New Markets Tax Credit (Narrati

New Markets Tax Credit (Narrative) (Details) - USD ($) $ in Millions	1 Months Ended	9 Months Ended	12 Months Ended
	Dec. 31, 2016	Sep. 30, 2022	Dec. 31, 2016
New Market Tax Credit Disclosure [Line Items]
Investment fund cash		$ 0.6
Twain Investment Fund 192 [Member]
New Market Tax Credit Disclosure [Line Items]
Net proceeds from contribution	$ 1.9
Contribution liability compliance period		7 years
Contribution liability		$ 0.6
Contribution liability, current		0.5
Contribution liability, noncurrent		$ 0.1
Twain Investment Fund 192 [Member] | Tile Shop Holdings [Member]
New Market Tax Credit Disclosure [Line Items]
Syndicate costs	1.3		$ 1.3
Twain Investment Fund 192 [Member] | Tile Shop Lending [Member]
New Market Tax Credit Disclosure [Line Items]
Loan amount	$ 6.7
Loan interest rate	1.37%
Loan maturity date		Dec. 31, 2046
Oklahoma [Member] | U.S. Bank Community [Member]
New Market Tax Credit Disclosure [Line Items]
Financing agreement project cost	$ 9.2		9.2
U.S. Bank Community [Member] | Twain Investment Fund 192 [Member]
New Market Tax Credit Disclosure [Line Items]
Contribution to affiliate	$ 3.2		$ 3.2

Related Party Transactions (Nar

Related Party Transactions (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Nanyang Helin Stone Company [Member]
Related Party Transaction [Line Items]
Payments to related party	$ 2,200,000	$ 2,900,000	$ 7,900,000	$ 6,200,000
Related party payables due	300,000	0	300,000	0
Tile Style [Member]
Related Party Transaction [Line Items]
Payments to related party	1,100,000	1,000,000	2,700,000	2,100,000
Related party payables due	$ 100,000	$ 100,000	$ 100,000	$ 100,000
Robert Rucker [Member] | Tile Shop Holdings [Member]
Related Party Transaction [Line Items]
Ownership interest	5%		5%

Share Repurchase (Narrative) (D

Share Repurchase (Narrative) (Details)	Aug. 16, 2022 USD ($)
Share Repurchase Program [Member]
Stock repurchase program, authorized amount	$ 30,000,000

Share Repurchase (Schedule of S

Share Repurchase (Schedule of Share Repurchases) (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022
Aggregate purchase price	$ 15,545	$ 15,545
Share Repurchase Program [Member]
Shares of common stock	4,094,592	4,094,592
Aggregate purchase price	$ 15,545	$ 15,545
Payments for repurchase of common stock, excluding brokerage commissions	15,400	15,400
Brokerage commissions	$ 100	$ 100

Subsequent Events (Narrative) (

Subsequent Events (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended	9 Months Ended
	Oct. 31, 2022	Sep. 30, 2022	Sep. 30, 2022
Subsequent Event [Line Items]
Payments to repurchase common stock			$ 15,545
Share Repurchase Program [Member]
Subsequent Event [Line Items]
Repurchase of common stock in shares		4,094,592	4,094,592
Payments for repurchase of common stock, excluding brokerage commissions		$ 15,400	$ 15,400
Brokerage commissions		$ 100	$ 100
Share Repurchase Program [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Repurchase of common stock in shares	7,805,226
Payments to repurchase common stock	$ 30,200
Payments for repurchase of common stock, excluding brokerage commissions	30,000
Brokerage commissions	$ 200
Share price	$ 3.87