$LESL
Leslie's, Inc.

2023 Q1 Form 10-Q Financial Statement

#000095017023001735 Filed on February 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4
Revenue $475.6M
YoY Change 16.3%
Cost Of Revenue $258.4M
YoY Change 17.0%
Gross Profit $217.2M
YoY Change 15.49%
Gross Profit Margin 45.67%
Selling, General & Admin $134.1M
YoY Change 17.08%
% of Gross Profit 61.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.889M
YoY Change 7.36%
% of Gross Profit 3.63%
Operating Expenses $134.1M
YoY Change 17.08%
Operating Profit $83.07M
YoY Change 13.0%
Interest Expense -$9.581M
YoY Change 30.02%
% of Operating Profit -11.53%
Other Income/Expense, Net $10.00K
YoY Change -102.17%
Pretax Income $73.50M
YoY Change 23.98%
Income Tax $15.57M
% Of Pretax Income 21.18%
Net Earnings $57.93M
YoY Change 30.07%
Net Earnings / Revenue 12.18%
Basic Earnings Per Share -$0.16
Diluted Earnings Per Share $314.0K
COMMON SHARES
Basic Shares Outstanding 183.7M 183.5M
Diluted Shares Outstanding 183.5M

Balance Sheet

Concept 2023 Q1 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $112.3M
YoY Change -67.31%
Cash & Equivalents $112.3M
Short-Term Investments
Other Short-Term Assets $15.60M
YoY Change 101.26%
Inventory $361.7M
Prepaid Expenses
Receivables $45.30M
Other Receivables $4.553M
Total Short-Term Assets $542.4M
YoY Change -9.86%
LONG-TERM ASSETS
Property, Plant & Equipment $78.09M
YoY Change 11.02%
Goodwill $173.5M
YoY Change 71.6%
Intangibles $40.19M
YoY Change 44.01%
Long-Term Investments
YoY Change
Other Assets $37.72M
YoY Change 49.99%
Total Long-Term Assets $567.3M
YoY Change 28.77%
TOTAL ASSETS
Total Short-Term Assets $542.4M
Total Long-Term Assets $567.3M
Total Assets $1.110B
YoY Change 6.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $156.5M
YoY Change 54.97%
Accrued Expenses $134.7M
YoY Change -8.25%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $8.100M
YoY Change 0.0%
Total Short-Term Liabilities $348.0M
YoY Change 12.35%
LONG-TERM LIABILITIES
Long-Term Debt $779.7M
YoY Change -0.81%
Other Long-Term Liabilities $65.00K
YoY Change -98.34%
Total Long-Term Liabilities $779.8M
YoY Change -1.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $348.0M
Total Long-Term Liabilities $779.8M
Total Liabilities $1.308B
YoY Change 3.79%
SHAREHOLDERS EQUITY
Retained Earnings -$288.1M
YoY Change -31.81%
Common Stock $90.12M
YoY Change -56.02%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$198.0M
YoY Change
Total Liabilities & Shareholders Equity $1.110B
YoY Change 6.47%

Cashflow Statement

Concept 2023 Q1 2022 Q4
OPERATING ACTIVITIES
Net Income $57.93M
YoY Change 30.07%
Depreciation, Depletion And Amortization $7.889M
YoY Change 7.36%
Cash From Operating Activities -$6.014M
YoY Change -111.75%
INVESTING ACTIVITIES
Capital Expenditures -$5.799M
YoY Change -47.91%
Acquisitions $107.7M
YoY Change
Other Investing Activities -$67.00M
YoY Change 3173.03%
Cash From Investing Activities -$72.80M
YoY Change 452.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $2.025M
YoY Change
Cash From Financing Activities -2.025M
YoY Change 0.0%
NET CHANGE
Cash From Operating Activities -6.014M
Cash From Investing Activities -72.80M
Cash From Financing Activities -2.025M
Net Change In Cash -80.84M
YoY Change -324.67%
FREE CASH FLOW
Cash From Operating Activities -$6.014M
Capital Expenditures -$5.799M
Free Cash Flow -$215.0K
YoY Change -100.35%

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CY2022Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2025000
CY2022Q4 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0
CY2022Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
100000
CY2022Q4 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0
CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
152146000
CY2022Q4 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
419000
CY2022Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0
CY2022Q4 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
88556000
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-154071000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-109602000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-290157000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
112293000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
343498000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2691000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
53341000
CY2022Q4 us-gaap Interest Paid Net
InterestPaidNet
12593000
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
6725000
CY2022Q4 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1000
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-50000
CY2021Q4 us-gaap Goodwill
Goodwill
101114000
CY2022Q4 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
2650000
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
72399000
CY2022Q1 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
4675000
CY2022Q4 us-gaap Nature Of Operations
NatureOfOperations
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:18.0pt;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:&quot;Times New Roman&quot;, serif;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:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;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:&quot;Times New Roman&quot;, serif;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:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">992</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:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> compa</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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">ny-operated locations</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:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> in </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;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:&quot;Times New Roman&quot;, serif;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:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> states and</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:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> 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:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p>
CY2022Q4 lesl Number Of Company Operated Locations
NumberOfCompanyOperatedLocations
992
CY2022Q4 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
39
CY2022Q4 us-gaap Fiscal Period
FiscalPeriod
<p style="text-indent:4.533%;font-size:10.0pt;margin-top:18.0pt;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:&quot;Times New Roman&quot;, serif;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:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;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:&quot;Times New Roman&quot;, serif;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 December 31, 2022 and the three months ended January 1, 2022 refer to the 13 weeks ended December 31, 2022 and January 1, 2022, respectively.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p>
CY2022Q4 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:4.533%;font-size:10.0pt;margin-top:18.0pt;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:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Management is required to make certain estimates and assumptions during the preparation of the condensed consolidated financial statements in accordance with GAAP. These estimates and assumptions impact the reported amount of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the condensed consolidated financial statements. They also impact the reported amount of net income (loss) during any period. Actual results could differ from those 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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Significant estimates underlying the accompanying condensed consolidated financial statements include inventory reserves, lease assumptions, vendor rebate programs, our loyalty program, the determination of income taxes payable and deferred income taxes, sales returns reserve, self-insurance liabilities, the recoverability of intangible assets and goodwill, fair value of assets acquired in a business combination, and contingent consideration related to business combinations</span>
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
9065000
CY2022Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
4741000
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
421530000
CY2022Q4 us-gaap Goodwill
Goodwill
176163000
CY2022Q4 us-gaap Goodwill
Goodwill
173513000
CY2022Q1 us-gaap Goodwill
Goodwill
105789000
CY2022Q4 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
107663000
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
20050000
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
15200000
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Noncurrent Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets
1692000
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
36942000
CY2022Q4 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
70721000
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
352621000
CY2022Q4 us-gaap Goodwill
Goodwill
173513000
CY2021Q4 us-gaap Goodwill
Goodwill
101114000
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
75893000
CY2022Q4 lesl Intangible Assets Accumulated Amortization
IntangibleAssetsAccumulatedAmortization
33937000
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
41956000
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
73193000
CY2022Q4 lesl Intangible Assets Accumulated Amortization
IntangibleAssetsAccumulatedAmortization
33005000
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
40188000
CY2022Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
57943000
CY2022Q1 lesl Intangible Assets Accumulated Amortization
IntangibleAssetsAccumulatedAmortization
31304000
CY2022Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
26639000
CY2022Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
900000
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1300000
CY2022Q4 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2022Q1 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
3580000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
3873000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
3777000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
3530000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3407000
CY2022Q4 lesl Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
14439000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
32606000
CY2022Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
239891000
CY2022Q4 us-gaap Inventory Net
InventoryNet
429517000
CY2022Q4 us-gaap Inventory Net
InventoryNet
361686000
CY2022Q1 us-gaap Inventory Net
InventoryNet
244632000
CY2022Q4 lesl Vendor And Other Rebates Receivable
VendorAndOtherRebatesReceivable
27521000
CY2022Q4 lesl Vendor And Other Rebates Receivable
VendorAndOtherRebatesReceivable
24546000
CY2022Q1 lesl Vendor And Other Rebates Receivable
VendorAndOtherRebatesReceivable
26476000
CY2022Q4 lesl Customer Receivables Current
CustomerReceivablesCurrent
15969000
CY2022Q4 lesl Customer Receivables Current
CustomerReceivablesCurrent
17708000
CY2022Q1 lesl Customer Receivables Current
CustomerReceivablesCurrent
11415000
CY2022Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
4512000
CY2022Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
4553000
CY2022Q1 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
4155000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1627000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1512000
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2693000
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
46375000
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
45295000
CY2022Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
39353000
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
7987000
CY2022Q4 us-gaap Prepaid Insurance
PrepaidInsurance
6812000
CY2022Q4 us-gaap Prepaid Insurance
PrepaidInsurance
1110000
CY2022Q1 us-gaap Prepaid Insurance
PrepaidInsurance
6372000
CY2022Q4 lesl Prepaid Occupancy Costs Current
PrepaidOccupancyCostsCurrent
2004000
CY2022Q4 lesl Prepaid Occupancy Costs Current
PrepaidOccupancyCostsCurrent
1840000
CY2022Q1 lesl Prepaid Occupancy Costs Current
PrepaidOccupancyCostsCurrent
1727000
CY2022Q4 us-gaap Prepaid Taxes
PrepaidTaxes
1753000
CY2022Q4 us-gaap Prepaid Taxes
PrepaidTaxes
2874000
CY2022Q1 us-gaap Prepaid Taxes
PrepaidTaxes
1079000
CY2022Q4 lesl Prepaid Inventory
PrepaidInventory
771000
CY2022Q4 lesl Prepaid Inventory
PrepaidInventory
0
CY2022Q1 lesl Prepaid Inventory
PrepaidInventory
17785000
CY2022Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
4382000
CY2022Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
4847000
CY2022Q1 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
2931000
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
14199000
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
12433000
CY2022Q1 us-gaap Other Assets Current
OtherAssetsCurrent
8279000
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
29921000
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
23104000
CY2022Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
38173000
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
117269000
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
156456000
CY2022Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
99540000
CY2022Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
13154000
CY2022Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
34010000
CY2022Q1 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
16354000
CY2022Q4 lesl Accrued Customer Deposits Current
AccruedCustomerDepositsCurrent
7505000
CY2022Q4 lesl Accrued Customer Deposits Current
AccruedCustomerDepositsCurrent
13250000
CY2022Q1 lesl Accrued Customer Deposits Current
AccruedCustomerDepositsCurrent
15659000
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
579000
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
342000
CY2022Q1 us-gaap Interest Payable Current
InterestPayableCurrent
4521000
CY2022Q4 lesl Inventory Related Accruals Current
InventoryRelatedAccrualsCurrent
11254000
CY2022Q4 lesl Inventory Related Accruals Current
InventoryRelatedAccrualsCurrent
16034000
CY2022Q1 lesl Inventory Related Accruals Current
InventoryRelatedAccrualsCurrent
9166000
CY2022Q4 lesl Loyalty And Deferred Revenue Current
LoyaltyAndDeferredRevenueCurrent
6157000
CY2022Q4 lesl Loyalty And Deferred Revenue Current
LoyaltyAndDeferredRevenueCurrent
5541000
CY2022Q1 lesl Loyalty And Deferred Revenue Current
LoyaltyAndDeferredRevenueCurrent
7944000
CY2022Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
4528000
CY2022Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
9130000
CY2022Q1 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
8189000
CY2022Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
8417000
CY2022Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
9280000
CY2022Q1 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
8709000
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
13900000
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
22929000
CY2022Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
18742000
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
182763000
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
266972000
CY2022Q1 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
188824000
CY2022Q4 lesl Capital Expenditures Included In Other Accrued Liabilities Current
CapitalExpendituresIncludedInOtherAccruedLiabilitiesCurrent
400000
CY2022Q4 lesl Capital Expenditures Included In Other Accrued Liabilities Current
CapitalExpendituresIncludedInOtherAccruedLiabilitiesCurrent
1100000
CY2022Q1 lesl Capital Expenditures Included In Other Accrued Liabilities Current
CapitalExpendituresIncludedInOtherAccruedLiabilitiesCurrent
0
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
886825000
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
797850000
CY2022Q1 us-gaap Long Term Debt
LongTermDebt
803925000
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
8100000
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
8100000
CY2022Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
8100000
CY2022Q4 lesl Non Current Portion Of Revolving Credit Facility
NonCurrentPortionOfRevolvingCreditFacility
-91000000
CY2022Q4 lesl Non Current Portion Of Revolving Credit Facility
NonCurrentPortionOfRevolvingCreditFacility
0
CY2022Q1 lesl Non Current Portion Of Revolving Credit Facility
NonCurrentPortionOfRevolvingCreditFacility
0
CY2022Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
2684000
CY2022Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
2805000
CY2022Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
3164000
CY2022Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
6908000
CY2022Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
7219000
CY2022Q1 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
8134000
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
778133000
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
779726000
CY2022Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
784527000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
6075000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
6075000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
101125000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
8100000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
8100000
CY2022Q4 lesl Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
757350000
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
886825000
CY2022Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.250
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.267
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
35600000
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y8M12D
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
-30259000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-14451000
CY2022Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
183513000
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
188507000
CY2022Q4 lesl Dilutive Securities Excluded From Computation Of Earnings Per Share Amount
DilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2022Q1 lesl Dilutive Securities Excluded From Computation Of Earnings Per Share Amount
DilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2022Q4 lesl Dilutive Shares Restricted Stock Units
DilutiveSharesRestrictedStockUnits
0
CY2022Q1 lesl Dilutive Shares Restricted Stock Units
DilutiveSharesRestrictedStockUnits
0
CY2022Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
183513000
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
188507000
CY2022Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.16
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.08
CY2022Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.16
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.08
CY2022Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5668000
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2454000

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