$LESL
Leslie's, Inc.

2022 Q3 Form 10-Q Financial Statement

#000095017022015125 Filed on August 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $673.6M $228.1M $408.9M
YoY Change 12.92% 18.52% 7.25%
Cost Of Revenue $370.0M $142.4M $220.9M
YoY Change 18.28% 17.96% 2.87%
Gross Profit $303.6M $85.63M $188.1M
YoY Change 7.02% 19.46% 12.88%
Gross Profit Margin 45.07% 37.54% 45.99%
Selling, General & Admin $131.5M $89.62M $114.5M
YoY Change 12.11% 27.35% 18.95%
% of Gross Profit 43.3% 104.66% 60.91%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.063M $6.576M $7.348M
YoY Change 12.02% 4.38% -11.47%
% of Gross Profit 2.33% 7.68% 3.91%
Operating Expenses $131.5M $89.62M $114.5M
YoY Change 12.11% 27.35% 18.95%
Operating Profit $172.1M -$3.989M $73.52M
YoY Change 3.43% -404.74% 4.57%
Interest Expense $6.847M $6.949M -$7.369M
YoY Change -7.46% -14.48% -60.38%
% of Operating Profit 3.98% -10.02%
Other Income/Expense, Net $143.0K -$161.0K -$460.0K
YoY Change -116.61% -84.77% 130.0%
Pretax Income $165.4M -$11.10M $59.29M
YoY Change 4.59% 13.7% 20.26%
Income Tax $42.45M -$3.659M $14.75M
% Of Pretax Income 25.66% 24.87%
Net Earnings $123.0M -$7.440M $44.54M
YoY Change 3.52% 15.31% 5.8%
Net Earnings / Revenue 18.26% -3.26% 10.89%
Basic Earnings Per Share $0.67 -$0.04
Diluted Earnings Per Share $0.67 -$0.04 $232.9K
COMMON SHARES
Basic Shares Outstanding 182.9M 182.7M 190.0M
Diluted Shares Outstanding 184.7M 182.7M

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $193.1M $51.97M $343.5M
YoY Change -37.51% -42.45% 118.65%
Cash & Equivalents $193.1M $51.97M $343.5M
Short-Term Investments
Other Short-Term Assets $10.78M $9.476M $7.750M
YoY Change 9.5% 84.43% 91.07%
Inventory $361.4M $345.0M $198.8M
Prepaid Expenses $19.76M $21.21M $12.81M
Receivables $47.27M $33.62M $38.86M
Other Receivables $2.985M $1.932M $4.621M
Total Short-Term Assets $632.3M $471.9M $601.7M
YoY Change 3.94% 5.25% 67.06%
LONG-TERM ASSETS
Property, Plant & Equipment $71.65M $70.55M $70.34M
YoY Change 7.97% 10.87% 5.94%
Goodwill $125.3M $118.3M $101.1M
YoY Change 26.96% 21.12% 8.38%
Intangibles $30.39M $28.54M $27.91M
YoY Change 4.53% -5.36% 0.05%
Long-Term Investments
YoY Change
Other Assets $34.42M $29.95M $25.15M
YoY Change 88.74% 45.15% 74.12%
Total Long-Term Assets $484.7M $458.3M $440.5M
YoY Change 25.0% 12.06% 14.05%
TOTAL ASSETS
Total Short-Term Assets $632.3M $471.9M $601.7M
Total Long-Term Assets $484.7M $458.3M $440.5M
Total Assets $1.117B $930.2M $1.042B
YoY Change 12.14% 8.5% 39.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $219.0M $160.9M $101.0M
YoY Change 40.78% -11.36% 9.3%
Accrued Expenses $141.8M $132.7M $146.8M
YoY Change 20.32% 61.22% 45.13%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $8.100M $8.100M $8.100M
YoY Change 0.0% 0.0% -2.89%
Total Short-Term Liabilities $432.9M $338.2M $309.7M
YoY Change 22.83% 3.81% 19.95%
LONG-TERM LIABILITIES
Long-Term Debt $781.3M $782.9M $786.1M
YoY Change -0.81% -0.81% -33.35%
Other Long-Term Liabilities $70.00K $0.00 $3.915M
YoY Change -97.43% -100.0% -28.26%
Total Long-Term Liabilities $781.4M $782.9M $790.0M
YoY Change -1.15% -1.15% -33.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $432.9M $338.2M $309.7M
Total Long-Term Liabilities $781.4M $782.9M $790.0M
Total Liabilities $1.376B $1.316B $1.260B
YoY Change 9.03% 5.42% -19.93%
SHAREHOLDERS EQUITY
Retained Earnings -$346.0M -$469.0M -$422.5M
YoY Change -25.91% -19.94% -23.06%
Common Stock $87.23M $83.26M $204.9M
YoY Change -56.66% -57.26% -173.73%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$258.8M -$385.7M -$217.6M
YoY Change
Total Liabilities & Shareholders Equity $1.117B $930.2M $1.042B
YoY Change 12.14% 8.5% 39.63%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income $123.0M -$7.440M $44.54M
YoY Change 3.52% 15.31% 5.8%
Depreciation, Depletion And Amortization $7.063M $6.576M $7.348M
YoY Change 12.02% 4.38% -11.47%
Cash From Operating Activities $209.4M -$11.20M $51.18M
YoY Change -8.9% -243.56% 192.48%
INVESTING ACTIVITIES
Capital Expenditures -$11.61M -$8.920M -$11.13M
YoY Change 39.84% 31.18% 118.27%
Acquisitions $40.67M
YoY Change
Other Investing Activities -$10.68M -$24.46M -$2.047M
YoY Change 1273.87% 307.6%
Cash From Investing Activities -$22.28M -$33.38M -$13.18M
YoY Change 145.48% 160.75% 158.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -45.98M 43.20M -2.025M
YoY Change 2204.56% -590.95% -50.61%
NET CHANGE
Cash From Operating Activities 209.4M -11.20M 51.18M
Cash From Investing Activities -22.28M -33.38M -13.18M
Cash From Financing Activities -45.98M 43.20M -2.025M
Net Change In Cash 141.2M -1.370M 35.98M
YoY Change -35.49% -90.07% 333.49%
FREE CASH FLOW
Cash From Operating Activities $209.4M -$11.20M $51.18M
Capital Expenditures -$11.61M -$8.920M -$11.13M
Free Cash Flow $221.0M -$2.278M $62.32M
YoY Change -7.2% -115.6% 175.73%

Facts In Submission

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StockIssuedDuringPeriodValueShareBasedCompensationGross
1049000
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2927000
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
122986000
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
-258769000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
-826999000
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
458587000
us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
2000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
20591000
us-gaap Net Income Loss
NetIncomeLoss
82093000
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
-265726000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-217558000
us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
1378000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
8462000
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
152146000
us-gaap Net Income Loss
NetIncomeLoss
101095000
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
-258769000
us-gaap Profit Loss
ProfitLoss
101095000
us-gaap Profit Loss
ProfitLoss
82093000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
22880000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
19205000
us-gaap Share Based Compensation
ShareBasedCompensation
8462000
us-gaap Share Based Compensation
ShareBasedCompensation
20591000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1483000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1551000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
723000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
134000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2504000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
197000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-271000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
1668000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-9169000
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
9129000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
146196000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
74401000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
9075000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-6289000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
9429000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
15696000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
91145000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
73350000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
23666000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
17049000
lesl Increase Decrease In Operating Lease Assets And Liabilities Net
IncreaseDecreaseInOperatingLeaseAssetsAndLiabilitiesNet
-5742000
lesl Increase Decrease In Operating Lease Assets And Liabilities Net
IncreaseDecreaseInOperatingLeaseAssetsAndLiabilitiesNet
-3397000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
72658000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
117965000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
25927000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
17799000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
40670000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
6806000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
414000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2429000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-66183000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-22176000
lesl Borrowings On Revolving Commitment
BorrowingsOnRevolvingCommitment
45000000
lesl Borrowings On Revolving Commitment
BorrowingsOnRevolvingCommitment
0
lesl Payments On Revolving Credit Facility
PaymentsOnRevolvingCreditFacility
45000000
lesl Payments On Revolving Credit Facility
PaymentsOnRevolvingCreditFacility
0
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
6075000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
394110000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
907000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
9579000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1378000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
152146000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
458587000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-156843000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
55805000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-150368000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
151594000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.45
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
343498000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
155801000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
193130000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
307395000
us-gaap Interest Paid Net
InterestPaidNet
19409000
us-gaap Interest Paid Net
InterestPaidNet
29549000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
7442000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
4503000
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
8900000
CY2022Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
218953000
CY2022Q3 lesl Intangible Assets Accumulated Amortization
IntangibleAssetsAccumulatedAmortization
32104000
us-gaap Nature Of Operations
NatureOfOperations
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:18.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">Note 1—Business and Operations</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">Leslie’s, Inc. (“Leslie’s,” “we,” “our,” “us,” “its,” or the “Company”) is the leading direct-to-consumer pool and spa care brand. We market and sell pool and spa supplies and related products and services, which primarily consist of maintenance items such as chemicals, equipment and parts, and cleaning accessories, as well as safety, recreational, and fitness-related products. We currently market our products through</span><span style="background-color:rgba(0,0,0,0);color:rgba(255,255,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> </span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">979</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> c</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">ompany-operated locations in </span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">39</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> states and e-commerce websites.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> </span></p>
lesl Number Of Company Operated Locations
NumberOfCompanyOperatedLocations
979
CY2022Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
39
us-gaap Fiscal Period
FiscalPeriod
<p style="text-indent:4.533%;font-size:10.0pt;margin-top:18.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Fiscal Periods</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">We operate on a fiscal calendar that results in a fiscal year consisting of a 52- or 53-week period ending on the Saturday closest to September 30th. In a 52-week fiscal year, each quarter contains 13 weeks of operations; in a 53-week fiscal year, each of the first, second and third quarters includes 13 weeks of operations and the fourth quarter includes 14 weeks of operations. References to the three months ended July 2, 2022 and the three months ended July 3, 2021 refer to the 13 weeks ended July 2, 2022 and July 3, 2021, respectively. References to the nine months ended July 2, 2022 and the nine months ended July 3, 2021 refer to the 39 weeks ended July 2, 2022 and July 3, 2021, respectively.</span></p>
CY2022Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
30389000
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
57943000
us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:4.533%;font-size:10.0pt;margin-top:18.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of Estimates</span></p><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">To prepare financial statements that conform to GAAP, we make estimates and assumptions that affect the amounts reported in our financial statements and accompanying notes. Our most significant estimates relate to inventory obsolescence reserves, lease assumptions, vendor rebate programs, loyalty program, income taxes, sales returns, self-insurance, valuation of intangible assets and goodwill, and intangible asset impairment evaluations. We continually review our estimates and make adjustments as necessary, but actual results could be significantly different from what we expected when we made these estimates.</span>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="text-indent:4.533%;font-size:10.0pt;margin-top:18.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Prior Period Reclassifications</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">Reclassifications of certain immaterial prior period amounts have been made to conform to current period presentation.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> </span></p>
CY2022Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Noncurrent Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets
3018000
CY2022Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
18188000
CY2022Q3 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
22482000
CY2022Q3 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0
CY2022Q3 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
0
CY2022Q3 us-gaap Fair Value Liabilities Level1 To Level2 Transfers Amount
FairValueLiabilitiesLevel1ToLevel2TransfersAmount
0
CY2022Q3 us-gaap Fair Value Liabilities Level2 To Level1 Transfers Amount
FairValueLiabilitiesLevel2ToLevel1TransfersAmount
0
CY2021Q3 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0
CY2021Q3 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
0
CY2021Q3 us-gaap Fair Value Liabilities Level1 To Level2 Transfers Amount
FairValueLiabilitiesLevel1ToLevel2TransfersAmount
0
CY2021Q3 us-gaap Fair Value Liabilities Level2 To Level1 Transfers Amount
FairValueLiabilitiesLevel2ToLevel1TransfersAmount
0
CY2021Q4 lesl Intangible Assets Accumulated Amortization
IntangibleAssetsAccumulatedAmortization
30037000
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
27906000
CY2021Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
58643000
CY2021Q3 lesl Intangible Assets Accumulated Amortization
IntangibleAssetsAccumulatedAmortization
29572000
CY2021Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
29071000
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
700000
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
700000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2100000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1000000.0
CY2022Q3 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2021Q3 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2022Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
19764000
CY2022Q3 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
40670000
CY2022Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
16706000
CY2022Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
4500000
CY2021Q4 us-gaap Goodwill
Goodwill
101114000
CY2020Q4 us-gaap Goodwill
Goodwill
93295000
CY2020Q4 us-gaap Goodwill
Goodwill
93295000
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
24160000
CY2021 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
7819000
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
5374000
CY2022Q3 us-gaap Goodwill
Goodwill
125274000
CY2021Q4 us-gaap Goodwill
Goodwill
101114000
CY2021Q3 us-gaap Goodwill
Goodwill
98669000
CY2022Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
62493000
CY2021Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
12814000
CY2021Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
18772000
CY2022Q3 us-gaap Other Assets Current
OtherAssetsCurrent
10778000
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
7750000
CY2021Q3 us-gaap Other Assets Current
OtherAssetsCurrent
9843000
CY2022Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
30542000
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
20564000
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
649000
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
2373000
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1735000
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1638000
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1392000
CY2022Q3 lesl Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
4852000
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
12639000
CY2022Q3 lesl Vendor And Other Rebates Receivable
VendorAndOtherRebatesReceivable
27936000
CY2021Q4 lesl Vendor And Other Rebates Receivable
VendorAndOtherRebatesReceivable
23222000
CY2021Q3 lesl Vendor And Other Rebates Receivable
VendorAndOtherRebatesReceivable
30696000
CY2022Q3 lesl Customer Receivables Current
CustomerReceivablesCurrent
17470000
CY2021Q4 lesl Customer Receivables Current
CustomerReceivablesCurrent
13473000
CY2021Q3 lesl Customer Receivables Current
CustomerReceivablesCurrent
14493000
CY2022Q3 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
2985000
CY2021Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
4621000
CY2021Q3 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
3236000
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1125000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2456000
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
577000
CY2022Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
47266000
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
38860000
CY2021Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
47848000
CY2021Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
28615000
CY2022Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
9927000
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
4244000
CY2021Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
5382000
CY2022Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
351464000
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
194545000
CY2021Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
219144000
CY2022Q3 us-gaap Inventory Net
InventoryNet
361391000
CY2021Q4 us-gaap Inventory Net
InventoryNet
198789000
CY2021Q3 us-gaap Inventory Net
InventoryNet
224526000
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
233597000
CY2021Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
271731000
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CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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