Tuesday Morning (TUEMQ) 10-Q 8 May 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Mar. 31, 2014	6-May-14
Document and Entity Information	'	'
Entity Registrant Name	'TUESDAY MORNING CORP/DE	'
Entity Central Index Key	'0000878726	'
Document Type	'10-Q	'
Document Period End Date	31-Mar-14	'
Amendment Flag	'false	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Current Fiscal Year End Date	'--06-30	'
Entity Filer Category	'Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	43,471,961

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Mar. 31, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$41,615	$28,896
Inventories	205,784	211,981
Prepaid expenses	7,556	6,609
Deferred income taxes	'	991
Other current assets	603	2,310
Total Current Assets	255,558	250,787
Property and equipment, net	67,237	66,009
Deferred financing costs	1,565	2,011
Other assets	701	1,203
Deferred income tax - non current	3,655	1,870
Total Assets	328,716	321,880
Current liabilities:	'	'
Accounts payable	73,341	72,958
Accrued liabilities	40,289	35,719
Deferred income taxes payable	3,655	'
Income taxes payable	122	85
Total Current Liabilities	117,407	108,762
Deferred rent	2,711	2,885
Other Liabilities - non current	'	2,289
Income taxes payable - non current	404	487
Total Liabilities	120,522	114,423
Commitments and contingencies	'	'
Stockholders' equity:	'	'
Preferred stock, par value $0.01 per share, authorized 10,000,000 shares; none issued or outstanding	'	'
Common stock, par value $0.01 per share, authorized 100,000,000 shares; 45,222,267 shares issued and 43,467,961 shares outstanding at March 31, 2014 and 44,517,731 shares issued and 42,785,978 shares outstanding at June 30, 2013	452	445
Additional paid-in capital	217,825	214,012
Retained deficit	-3,565	-802
Less: 1,754,306 common shares in treasury, at cost, at March 31, 2014 and 1,731,753 common shares in treasury, at cost, at June 30, 2013	-6,518	-6,198
Total Stockholders' Equity	208,194	207,457
Total Liabilities and Stockholders' Equity	$328,716	$321,880

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2014	Jun. 30, 2013
Stockholders' equity:	'	'
Preferred stock, par value (in dollars per share)	$0.01	$0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	45,222,267	44,517,731
Common stock, shares outstanding	43,467,961	42,785,978
Treasury stock, shares	1,754,306	1,731,753

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Consolidated Statements of Operations	'	'	'	'
Net sales	$182,765	$178,073	$652,214	$636,179
Cost of sales	114,664	111,916	421,348	443,515
Gross profit	68,101	66,157	230,866	192,664
Selling, general and administrative expenses	75,730	77,891	232,678	237,875
Operating loss	-7,629	-11,734	-1,812	-45,211
Other income (expense):	'	'	'	'
Interest income	5	2	20	2
Interest expense	-360	-384	-1,129	-1,292
Other income (expense), net	-4	-140	79	-1,349
Other expense, net	-359	-522	-1,030	-2,639
Loss before income taxes	-7,988	-12,256	-2,842	-47,850
Income tax provision (benefit)	440	110	-79	-7,057
Net loss	($8,428)	($12,366)	($2,763)	($40,793)
Net loss per common share:	'	'	'	'
Basic (in dollars per share)	($0.20)	($0.29)	($0.06)	($0.97)
Diluted (in dollars per share)	($0.20)	($0.29)	($0.06)	($0.97)
Weighted average number of common shares:	'	'	'	'
Basic (in shares)	43,072	42,427	42,863	42,164
Diluted (in shares)	43,072	42,427	42,863	42,164

Statement_of_Comprehensive_Los

Statement of Comprehensive Loss (USD $)	3 Months Ended	9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2013	Mar. 31, 2013
Statement of Other Comprehensive Income [Abstract]	'	'
Net loss	($12,366)	($40,793)
Other Comprehensive Income/(Loss):	'	'
Foreign currency translation adjustments	-2	54
Less: Reclassification adjustment for losses included in net loss	'	-1
Other Comprehensive Income, before tax	-2	53
Less: Income tax provision (benefit) related to items of other comprehensive income	-1	20
Comprehensive Loss	($12,367)	($40,760)

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Net cash flows from operating activities:	'	'
Net loss	($2,763)	($40,793)
Adjustments to reconcile net loss to net cash provided by operating activities:	'	'
Depreciation	9,090	10,402
Amortization of financing fees	446	443
Deferred income taxes	3,265	-7,139
Loss on disposal of assets	361	2,055
Share-based compensation	1,829	2,350
Other non-cash items	'	54
Change in operating assets and liabilities:	'	'
Inventories	6,237	28,776
Prepaid and other current assets	1,262	335
Accounts payable	383	-2,723
Accrued liabilities	4,570	8,208
Other payable - non-current	-2,289	'
Deferred rent	-174	-554
Income taxes payable	-450	49
Net cash provided by operating activities	21,767	1,463
Net cash flows from investing activities:	'	'
Proceeds from sale of assets	34	'
Capital expenditures	-10,713	-8,312
Net cash used in investing activities	-10,679	-8,312
Net cash flows from financing activities:	'	'
Repayments under revolving credit facility	-25,100	-94,665
Proceeds under revolving credit facility	25,100	94,665
Change in cash overdraft	'	'
Excess tax benefit related to exercise of stock options	0	0
Purchase of treasury stock	-320	-87
Proceeds from the exercise of employee stock options	1,951	1,678
Net cash provided by financing activities	1,631	1,591
Net increase (decrease) in cash and cash equivalents	12,719	-5,258
Cash and cash equivalents, beginning of period	28,896	39,740
Cash and cash equivalents, end of period	$41,615	$34,482

Basis_of_presentation

Basis of presentation	9 Months Ended
	Mar. 31, 2014
Basis of presentation	'
Basis of presentation	'
	1.              Basis of presentation — The unaudited interim consolidated financial statements included herein have been prepared by us pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”).  Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been condensed or omitted pursuant to such rules and regulations.  These financial statements include all adjustments, consisting only of those of a normal recurring nature, which, in the opinion of management, are necessary to present fairly the results of the interim periods presented and should be read in conjunction with the audited consolidated financial statements and notes thereto in our Annual Report on Form 10-K for the fiscal year ended June 30, 2013.  The balance sheet at June 30, 2013 has been derived from the audited consolidated financial statements at that date but does not include all of the information and notes required by GAAP for complete financial statements.  For further information, refer to the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2013.  The results of operations for the three and nine month periods ended March 31, 2014 are not necessarily indicative of the results to be expected for the full fiscal year ending June 30, 2014.
	The preparation of unaudited interim consolidated financial statements, in conformity with GAAP, requires us to make assumptions and use estimates that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  The most significant estimates relate to:  inventory valuation under the retail method; and estimation of reserves and valuation allowances specifically related to insurance, income taxes, and litigation.  Actual results could differ from these estimates.  Our fiscal year ends on June 30 and we operate our business as a single operating segment.

Sharebased_incentive_plans

Share-based incentive plans	9 Months Ended
	Mar. 31, 2014
Share-based incentive plans	'
Share-based incentive plans	'
	2.              Share-based incentive plans — Stock Option Awards.  We have established the Tuesday Morning Corporation 1997 Long-Term Equity Incentive Plan, as amended (the “1997 Plan”), the Tuesday Morning Corporation 2004 Long-Term Equity Incentive Plan, as amended (the “2004 Plan”), and the Tuesday Morning Corporation 2008 Long-Term Equity Incentive Plan (the “2008 Plan”), which allow for the granting of stock options to directors, officers and key employees of, and certain other key individuals who perform services for us and our subsidiaries.  The 1997 Plan authorized grants of options to purchase up to 4.8 million shares of authorized, but unissued common stock. Equity awards may no longer be granted under the 1997 Plan but options previously granted under the plan are still exercisable.  The 2004 Plan and the 2008 Plan authorize grants of options to purchase up to 2.0 million and 5.4 million shares, respectively, of authorized, but unissued common stock.
	Stock options are awarded with a strike price at a fair market value equal to the average of the high and low trading prices of our common stock on the date of grant under the 1997 Plan and the 2004 Plan.  Stock options are awarded with a strike price at a fair market value equal to the closing price of our common stock on the date of the grant under the 2008 Plan.
	Options granted under the 1997 Plan and the 2004 Plan typically vest over periods of one to five years and expire ten years from the date of grant while options granted under the 2008 Plan typically vest over periods of one to four years and expire ten years from the date of grant.  Options granted under the 2004 Plan and the 2008 Plan may have certain performance requirements in addition to service terms.  If the performance conditions are not satisfied, the options are forfeited.  There were 10,000 and 135,000 performance shares outstanding under the 2004 Plan and 2008 Plan, respectively.  The exercise prices of stock options outstanding on March 31, 2014, range between $1.24 per share and $35.23 per share.  There were 6,637 and 1.9 million shares available for grant under the 2004 Plan and the 2008 Plan, respectively, at March 31, 2014.
	Restricted Stock Awards.  Under the terms of the 2004 Plan and the 2008 Plan, we may also grant restricted stock awards to directors, officers, key employees and certain other key individuals who perform services for us and our subsidiaries.  Restricted stock awards are not transferable, but bear certain rights of common stock ownership including voting and dividend rights.  Shares are valued at the fair market value of our common stock at the date of award.  There are no restricted stock awards outstanding under the 1997 Plan, which terminated pursuant to its terms as of December 29, 2007.  Under the 2004 Plan and the 2008 Plan, as of March 31, 2014, there were 345,443 shares of restricted stock outstanding with award vesting periods of one to four years and a weighted average fair value of $12.48 per share.
	Performance Shares and Performance Units.   As of March 31, 2014 there were 10,000 performance shares outstanding under the 2004 Plan and 135,000 performance shares outstanding under the 2008 Plan.
	Share-based Compensation Costs.   Share-based compensation costs were recognized as follows (in thousands):
		Three Months Ended						Nine months Ended
		March 31,						March 31,
		2014			2013			2014			2013
	Amortization of share-based compensation during the period	$	873		$	1,423		$	1,866		$	2,364
	Amounts capitalized in ending inventory	(222		)	(333		)	(531		)	(643		)
	Amounts recognized and charged to cost of sales	142			237			494			629
	Amounts charged against income for the period before tax	$	793		$	1,327		$	1,829		$	2,350

Comprehensive_income_or_loss

Comprehensive income or loss	9 Months Ended
	Mar. 31, 2014
Comprehensive income or loss	'
Comprehensive income or loss	'
	3.              Comprehensive income or loss — Comprehensive income or loss is defined as net income or loss plus the change in equity during a period from transactions and other events, excluding those resulting from investments by and distributions to stockholders.   We account for foreign currency forward contracts as cash flow hedges in accordance with ASC 815 (formerly SFAS No. 133), “Accounting for Derivative Instruments and Hedging Activities.”   Changes in the fair value of the contracts that are considered to be effective are recorded in other comprehensive income or loss until the hedged item is recorded in earnings.   Effective cash flow hedges are reclassified out of other comprehensive income or loss and into cost of sales when the hedged inventory is sold.   Ineffective cash flow hedges are recorded in other income or loss and were not material for the periods presented.   The effect of foreign exchange contracts on our financial position or results of operations has historically been immaterial.   Comprehensive loss for the three months ended March 31, 2014 was $8.4 million compared to a comprehensive loss for the three months ended March 31, 2013 of $12.4 million, while comprehensive loss for the nine months ended March 31, 2014 was $2.8 million compared to a comprehensive loss for the nine months ended March 31, 2013 of $40.8 million.

Commitments_and_contingencies

Commitments and contingencies	9 Months Ended
	Mar. 31, 2014
Commitments and contingencies	'
Commitments and contingencies	'
	4.              Commitments and contingencies — On May 13, 2013, the Company was named as a defendant in the following lawsuit, Kathleen Mason v. Tuesday Morning Corporation d/b/a Delaware TMC Corporation, filed in County Court in Dallas County, Texas, cause number CC-13-02863-E (subsequently refiled and issued cause number CC-13-03372-E).    The plaintiff was the former President and Chief Executive Officer of the Company and her employment was terminated in June 2012.  In the petition, the plaintiff alleged disability discrimination, deliberate indifference and retaliation in violation of the Texas Commission on Human Rights Act.  Each claim stemmed from the plaintiff’s allegation that the Company regarded the plaintiff as having a disability (cancer) and fired her because of her disability.  The plaintiff sought more than $1 million in monetary relief, including claims for compensatory damages, attorneys’ fees, costs and interest.  The Company denied the allegations.  The Company filed a Special Exception and Answer to Plaintiff’s Original Petition on July 12, 2013.  On March 29, 2014, the Company and  the plaintiff entered into a confidential settlement agreement and release.  On April 17, 2014, the Court executed an Order to Dismiss with Prejudice thereby dismissing the litigation.  The terms of the settlement did not have a material adverse effect on the Company’s financial condition or results of operations.
	The Company is defending against a class action lawsuit filed in California Superior Court, Los Angeles County, on December 5, 2008 — Julia Randell, et. al., v. Tuesday Morning, Inc., No. BC403298 (Cal. Super. Ct.) —  in which the original complaint alleged violations of California’s meal and rest period laws.  The named plaintiffs, who are former employees of the Company, subsequently amended the complaint three times.  Narrowing their class allegations, the two named plaintiffs moved on March 14, 2012 to certify a class on the issue of whether the Company’s alleged practice of providing “on-duty” meal periods to Senior Sales Associates violates the California Labor Code.  The Court granted that motion on June 20, 2012, certifying a class comprised of current and former Senior Sales Associates who worked for the Company in California, and who were required to take meal breaks “on duty” at any point from April 1, 2005 to the present.  The Company filed motions to decertify the class and for summary judgment on January 4, 2013, which the Court denied on March 29, 2013.  On March 20, 2014, the parties executed a settlement agreement and release which, subject to Court approval, resolves the matter on a class basis.  On April 16, 2014, the Court granted preliminary approval of the settlement and authorized the parties to provide notice of the settlement and its terms to class members.  The hearing on the motion for final approval of the settlement is scheduled for October 9, 2014.  The terms of the settlement are not expected to have a material adverse effect on the Company’s financial condition or results of operations.

Income_loss_per_common_share

Income (loss) per common share	9 Months Ended
	Mar. 31, 2014
Income (loss) per common share	'
Income (loss) per common share	'
	5.              Income (loss) per common share - The following table sets forth the computation of basic and diluted income (loss) per common share (in thousands, except per share amounts):
		Three Months Ended						Nine months Ended
		March 31,						March 31,
		2014			2013			2014			2013
	Net loss	$	(8,428	)	$	(12,366	)	$	(2,763	)	$	(40,793	)
	Less: Income to participating securities	—			—			—			—
	Net loss attributable to common shares	$	(8,428	)	$	(12,366	)	$	(2,763	)	$	(40,793	)
	Weighted average number of common shares outstanding basic	43,072			42,427			42,863			42,164
	Effect of dilutive stock equivalents	—			—			—			—
	Weighted average number of common shares outstanding dilutive	43,072			42,427			42,863			42,164
	Net loss per common share basic	$	(0.20	)	$	(0.29	)	$	(0.06	)	$	(0.97	)
	Net loss per common share diluted	$	(0.20	)	$	(0.29	)	$	(0.06	)	$	(0.97	)
	All options representing rights to purchase shares were excluded from diluted income per share for the three and nine months ended March 31, 2014 and March 31, 2013, as the Company had a net loss for those periods.

Revolving_credit_facility

Revolving credit facility	9 Months Ended
	Mar. 31, 2014
Revolving credit facility	'
Revolving credit facility	'
	6.              Revolving credit facility — We have a credit agreement providing for an asset-based, five-year senior secured revolving credit facility in the amount of up to $180.0 million which matures on November 17, 2016 (the “Revolving Credit Facility”).  Our indebtedness under the Revolving Credit Facility is secured by a lien on substantially all of our assets.  The Revolving Credit Facility contains certain restrictive covenants, which affect, among others, our ability to incur liens or incur additional indebtedness, change the nature of our business, sell assets or merge or consolidate with any other entity, or make investments or acquisitions unless they meet certain requirements.  Our financial covenant requires that we maintain availability of 10% of our calculated borrowing base, but never less than $15 million.  Our Revolving Credit Facility may, in some instances, limit payment of cash dividends and repurchases of the Company’s common stock.  In order to make a restricted payment, including payment of a dividend or a repurchase of shares, we must maintain availability of 17.5% of our lenders’ aggregate commitments under the Revolving Credit Facility for three months prior to, and on a pro forma basis for the six months immediately following, and after giving effect to, the restricted payment and we must satisfy a fixed charge coverage ratio requirement.  As of March 31, 2014, we were in compliance with all required covenants.
	At March 31, 2014, we had no amounts outstanding under the Revolving Credit Facility, $6.9 million of outstanding letters of credit and availability of $99.2 million under the Revolving Credit Facility.  Letters of credit under the Revolving Credit Facility are primarily for self-insurance purposes.  We incur commitment fees of up to 0.375% on the unused portion of the Revolving Credit Facility. Any borrowing under the Revolving Credit Facility incurs interest at LIBOR or the prime rate, plus an applicable margin, at our election (except with respect to swing loans, which incur interest solely at the prime rate plus the applicable margin).  These rates are increased or reduced as our average daily availability changes. Interest expense of $0.4 million for the quarter ended March 31, 2014 was due to commitment fees of $0.2 million and the amortization of financing fees of $0.2 million. Interest expense for the quarter ended March 31, 2013 was $0.4 million, due to $0.2 million in commitment fees and $0.2 million in amortized financing fees.

Depreciation

Depreciation	9 Months Ended
	Mar. 31, 2014
Depreciation	'
Depreciation	'
	7.              Depreciation — Accumulated depreciation of owned equipment and property at March 31, 2014 and June 30, 2013 was $119.7 million and $112.2 million, respectively.

Income_Taxes

Income Taxes	9 Months Ended
	Mar. 31, 2014
Income taxes	'
Income taxes	'
	8.              Income taxes — Tuesday Morning Corporation or one of its subsidiaries files income tax returns in the U.S. federal jurisdiction and various state jurisdictions.  With a few exceptions, Tuesday Morning Corporation is no longer subject to U.S. federal, state and local income tax examinations by tax authorities for years before 2009.  The Internal Revenue Service has concluded an examination of the Company for all taxable years ended on or before June 30, 2010.   The effective tax rates for the quarters ended March 31, 2014 and March 31, 2013 were (5.5%) and (0.9%), respectively.   The effective tax rate was lower for the three months ended March 31, 2014 as compared to the three months ended March 31, 2013 due to the deferred tax asset valuation allowance which was established starting in the quarter ended December 31, 2012.  The effective tax rates for nine months ended March 31, 2014 and March 31, 2013 were 2.8% and 14.7%, respectively.  The effective tax rate was lower for the nine months ended March 31, 2014 as compared to the nine months ended March 31, 2013 due to the deferred tax asset valuation allowance which was established starting in the quarter ended December 31, 2012.  The inventory markdown, recorded in the quarter ending December 31, 2012, generated a large net operating loss, which, in turn, requires a full valuation allowance against deferred tax assets.  A deviation from the customary relationship between income tax expense/(benefit) and pretax income/(loss) results from the full valuation allowance.

Cash_and_cash_equivalents

Cash and cash equivalents	9 Months Ended
	Mar. 31, 2014
Cash and Cash Equivalents	'
Cash and Cash Equivalents	'
	9.              Cash and cash equivalents — Cash and cash equivalents are comprised of cash, credit card receivables and all highly liquid instruments with original maturities of three months or less.  Cash equivalents are carried at cost, which approximates fair value.  At March 31, 2014 and at June 30, 2013, credit card receivables from third party consumer credit card providers were $4.5 million and $7.4 million, respectively.

Recent_accounting_pronouncemen

Recent accounting pronouncements	9 Months Ended
	Mar. 31, 2014
Recent Accounting Pronouncements	'
Recent Accounting Pronouncements	'
	10.              Recent accounting pronouncements — There were no accounting pronouncements issued during the third quarter of fiscal 2014 that affected the Company.

Sharebased_incentive_plans_Tab

Share-based incentive plans (Tables)	9 Months Ended
	Mar. 31, 2014
Share-based incentive plans	'
Schedule of share-based compensation costs recognized	'
		Three Months Ended						Nine months Ended
		March 31,						March 31,
		2014			2013			2014			2013
	Amortization of share-based compensation during the period	$	873		$	1,423		$	1,866		$	2,364
	Amounts capitalized in ending inventory	(222		)	(333		)	(531		)	(643		)
	Amounts recognized and charged to cost of sales	142			237			494			629
	Amounts charged against income for the period before tax	$	793		$	1,327		$	1,829		$	2,350

Income_loss_per_common_share_T

Income (loss) per common share (Tables)	9 Months Ended
	Mar. 31, 2014
Income (loss) per common share	'
Schedule of computation of basic and diluted earnings per common share	'
		Three Months Ended						Nine months Ended
		March 31,						March 31,
		2014			2013			2014			2013
	Net loss	$	(8,428	)	$	(12,366	)	$	(2,763	)	$	(40,793	)
	Less: Income to participating securities	—			—			—			—
	Net loss attributable to common shares	$	(8,428	)	$	(12,366	)	$	(2,763	)	$	(40,793	)
	Weighted average number of common shares outstanding basic	43,072			42,427			42,863			42,164
	Effect of dilutive stock equivalents	—			—			—			—
	Weighted average number of common shares outstanding dilutive	43,072			42,427			42,863			42,164
	Net loss per common share basic	$	(0.20	)	$	(0.29	)	$	(0.06	)	$	(0.97	)
	Net loss per common share diluted	$	(0.20	)	$	(0.29	)	$	(0.06	)	$	(0.97	)

Sharebased_incentive_plans_Det

Share-based incentive plans (Details) (USD $)	9 Months Ended
	Mar. 31, 2014
SHARE-BASED INCENTIVE PLANS	'
Exercise price of stock options outstanding, low end of range (in dollars per share)	$1.24
Exercise price of stock option outstanding, high end of range (in dollars per share)	$35.23
1997 Plan | Stock Option Awards	'
SHARE-BASED INCENTIVE PLANS	'
Number of shares authorized	4,800,000
Expiration period (in years)	'10 years
1997 Plan | Stock Option Awards | Minimum	'
SHARE-BASED INCENTIVE PLANS	'
Vesting period (in years)	'1 year
1997 Plan | Stock Option Awards | Maximum	'
SHARE-BASED INCENTIVE PLANS	'
Vesting period (in years)	'5 years
1997 Plan | Restricted Stock Awards	'
Additional disclosures	'
Awards outstanding	0
2004 Plan | Stock Option Awards	'
SHARE-BASED INCENTIVE PLANS	'
Number of shares authorized	2,000,000
Expiration period (in years)	'10 years
Shares available for grant	6,637
2004 Plan | Stock Option Awards | Minimum	'
SHARE-BASED INCENTIVE PLANS	'
Vesting period (in years)	'1 year
2004 Plan | Stock Option Awards | Maximum	'
SHARE-BASED INCENTIVE PLANS	'
Vesting period (in years)	'5 years
2004 Plan | Performance Shares	'
Additional disclosures	'
Awards outstanding	10,000
2008 Plan | Stock Option Awards	'
SHARE-BASED INCENTIVE PLANS	'
Number of shares authorized	5,400,000
Expiration period (in years)	'10 years
2008 Plan | Stock Option Awards | Minimum	'
SHARE-BASED INCENTIVE PLANS	'
Vesting period (in years)	'1 year
2008 Plan | Stock Option Awards | Maximum	'
SHARE-BASED INCENTIVE PLANS	'
Vesting period (in years)	'4 years
2008 Plan | Performance Shares	'
Additional disclosures	'
Awards outstanding	135,000
2004 and 2008 Plans | Restricted Stock Awards	'
Additional disclosures	'
Awards outstanding	345,443
Weighted average grant date fair value of awards granted (in dollars per share)	$12.48
2004 and 2008 Plans | Restricted Stock Awards | Minimum	'
SHARE-BASED INCENTIVE PLANS	'
Vesting period (in years)	'1 year
2004 and 2008 Plans | Restricted Stock Awards | Maximum	'
SHARE-BASED INCENTIVE PLANS	'
Vesting period (in years)	'4 years

Sharebased_incentive_plans_Det1

Share-based incentive plans (Details 2) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Share-based incentive plans	'	'	'	'
Amortization of share-based compensation during the period	$873	$1,423	$1,866	$2,364
Amounts capitalized in ending inventory	-222	-333	-531	-643
Amounts recognized and charged to cost of sales	142	237	494	629
Amounts charged against income for the period before tax	$793	$1,327	$1,829	$2,350

Comprehensive_income_or_loss_D

Comprehensive income or loss (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Comprehensive income or loss	'	'	'	'
Comprehensive Loss	($8,428)	($12,367)	($2,763)	($40,760)

Commitments_and_contingencies_

Commitments and contingencies (Details)	9 Months Ended
	Mar. 31, 2014
Discrimination	'
LEGAL PROCEEDINGS	'
Lawsuit filing date	'May 13, 2013
Domicile of litigation	'County Court in Dallas County, Texas
Name of defendant	'Tuesday Morning Corporation d/b/a Delaware TMC Corporation
Name of plaintiff	'Kathleen Mason
Allegations	'disability discrimination, deliberate indifference and retaliation
Law affected	'Human Rights Act
Damages sought	'The plaintiff sought more than $1 million in monetary relief, including claims for compensatory damages, attorneys' fees, costs and interest.
Date of dismissal	17-Apr-14
Settlement agreement date	'March 29, 2014
Settlement agreement terms	'the Company and the plaintiff entered into a confidential settlement agreement and release.
Actions taken by defendant	'The Company filed a Special Exception and Answer to Plaintiff's Original Petition on July 12, 2013.
Current state of litigation	'the Court executed an Order to Dismiss with Prejudice thereby dismissing the litigation.
Opinion of counsel	'The terms of the settlement did not have a material adverse effect on the Company's financial condition or results of operations.
Pending Litigation | Class Action	'
LEGAL PROCEEDINGS	'
Lawsuit filing date	'December 5, 2008
Domicile of litigation	'California Superior Court, Los Angeles County
Name of defendant	'Tuesday Morning, Inc.
Name of plaintiff	'Julia Randell, et. al.
Number of times for which complaint was amended	3
Number of individual plaintiffs	2
Actions taken by plaintiffs	'Narrowing their class allegations, the two named plaintiffs moved on March 14, 2012 to certify a class on the issue of whether the Company's alleged practice of providing "on-duty" meal periods to Senior Sales Associates violates the California Labor Code.
Actions taken by the court	'The Court granted that motion on June 20, 2012, certifying a class comprised of current and former Senior Sales Associates who worked for the Company in California, and who were required to take meal breaks "on duty" at any point from April 1, 2005 to the present.
Settlement agreement date	'March 20, 2014
Settlement agreement terms	' the parties executed a settlement agreement and release which, subject to Court approval, resolves the matter on a class basis.
Actions taken by defendant	'The Company filed motions to decertify the class and for summary judgement on January 4, 2013, which the Court denied on March 29, 2013.
Current state of litigation	'On April 16, 2014, the Court granted preliminary approval of the settlement and authorized the parties to provide notice of the settlement and its terms to class members. The hearing on the motion for final approval of the settlement is scheduled for October 9, 2014.
Opinion of counsel	'The terms of the settlement are not expected to have a material adverse effect on the Company's financial condition or results of operations.

Income_loss_per_common_share_D

Income (loss) per common share (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Income (loss) per common share	'	'	'	'
Net loss	($8,428)	($12,366)	($2,763)	($40,793)
Less: Income to participating securities	'	'	'	'
Net loss attributable to common shares	($8,428)	($12,366)	($2,763)	($40,793)
Weighted average common shares outstanding - basic	43,072	42,427	42,863	42,164
Effect of dilutive stock equivalents (in shares)	'	'	'	'
Weighted average common shares outstanding - dilutive	43,072	42,427	42,863	42,164
Net income (loss) per common share - basic (in dollars per share)	($0.20)	($0.29)	($0.06)	($0.97)
Net income (loss) per common share - diluted (in dollars per share)	($0.20)	($0.29)	($0.06)	($0.97)

Revolving_credit_facility_Deta

Revolving credit facility (Details) (USD $)	3 Months Ended		9 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
DEBT	'	'	'	'
Interest expense	$360,000	$384,000	$1,129,000	$1,292,000
Amortization of financing fees	'	'	446,000	443,000
Revolving Credit Facility	'	'	'	'
DEBT	'	'	'	'
Term of credit facility (in years)	'	'	'5 years	'
Maximum borrowing capacity	180,000,000	'	180,000,000	'
Outstanding letters of credit	6,900,000	'	6,900,000	'
Availability to be maintained under credit facility, percentage	10.00%	'	10.00%	'
Availability under the credit facility	99,200,000	'	99,200,000	'
Availability to be maintained under credit facility before restriction on investments, percentage	17.50%	'	17.50%	'
Covenant terms	'	'	'Our financial covenant requires that we maintain availability of 10% of our calculated borrowing base, but never less than $15 million.	'
Interest expense	400,000	400,000	'	'
Commitment fees	200,000	200,000	'	'
Amortization of financing fees	200,000	200,000	'	'
Revolving Credit Facility | Minimum	'	'	'	'
DEBT	'	'	'	'
Availability to be maintained under credit facility	$15,000,000	'	$15,000,000	'
Revolving Credit Facility | Maximum	'	'	'	'
DEBT	'	'	'	'
Commitment fees (as a percent)	0.38%	'	'	'

Depreciation_Details

Depreciation (Details) (USD $)	Mar. 31, 2014	Jun. 30, 2013
In Millions, unless otherwise specified
Depreciation	'	'
Accumulated depreciation	$119.70	$112.20

Income_Taxes_Details

Income Taxes (Details)	3 Months Ended		9 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Income taxes	'	'	'	'
Tax rate (as a percent)	-5.50%	-0.90%	2.80%	14.70%
Number of subsidiaries filing income tax returns in the U.S. federal jurisdiction, and various state jurisdictions	1,000	'	1,000	'

Cash_and_cash_equivalents_Deta

Cash and cash equivalents (Details) (USD $)	Mar. 31, 2014	Jun. 30, 2013
In Millions, unless otherwise specified
Cash and Cash Equivalents	'	'
Credit card receivables from third party consumer credit card providers	$4.50	$7.40