$LQDT
LIQUIDITY SERVICES INC Stock $lqdt

$lqdt Overview Financials Valuation SEC Filings Company Website

2013 Q2 Form 10-Q Financial Statement

#000110465913062106 Filed on August 09, 2013

Income Statement

Concept	2013 Q2	2012 Q2
Revenue	$124.2M	$121.3M
YoY Change	2.41%	45.57%
Cost Of Revenue	$50.00M	$49.20M
YoY Change	1.63%	54.72%
Gross Profit	$74.20M	$72.10M
YoY Change	2.91%	40.0%
Gross Profit Margin	59.74%	59.45%
Selling, General & Admin	$50.70M	$42.20M
YoY Change	20.14%	13.14%
% of Gross Profit	68.33%	58.53%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$4.400M	$3.500M
YoY Change	25.71%	133.33%
% of Gross Profit	5.93%	4.85%
Operating Expenses	$55.10M	$45.70M
YoY Change	20.57%	17.48%
Operating Profit	$18.87M	$25.29M
YoY Change	-25.39%	103.06%
Interest Expense	-$100.0K	-$500.0K
YoY Change	-80.0%	66.67%
% of Operating Profit	-0.53%	-1.98%
Other Income/Expense, Net
YoY Change
Pretax Income	$18.81M	$24.77M
YoY Change	-24.06%	103.4%
Income Tax	$7.525M	$9.900M
% Of Pretax Income	40.0%	39.96%
Net Earnings	$11.30M	$14.90M
YoY Change	-24.16%	-1454.55%
Net Earnings / Revenue	9.1%	12.29%
Basic Earnings Per Share	$0.36	$0.48
Diluted Earnings Per Share	$0.35	$0.45
COMMON SHARES
Basic Shares Outstanding	31.65M shares	31.14M shares
Diluted Shares Outstanding	32.54M shares	33.18M shares

Balance Sheet

Concept	2013 Q2	2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$63.30M	$84.60M
YoY Change	-25.18%	-18.97%
Cash & Equivalents	$63.33M	$84.60M
Short-Term Investments
Other Short-Term Assets	$23.50M	$20.90M
YoY Change	12.44%	36.6%
Inventory	$27.71M	$26.40M
Prepaid Expenses
Receivables	$22.82M	$12.10M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$137.3M	$144.1M
YoY Change	-4.69%	3.22%
LONG-TERM ASSETS
Property, Plant & Equipment	$10.29M	$7.200M
YoY Change	42.9%	-10.0%
Goodwill	$209.4M
YoY Change
Intangibles	$31.10M
YoY Change
Long-Term Investments
YoY Change
Other Assets	$7.667M	$5.800M
YoY Change	32.19%	-9.38%
Total Long-Term Assets	$258.4M	$195.5M
YoY Change	32.18%	235.33%
TOTAL ASSETS
Total Short-Term Assets	$137.3M	$144.1M
Total Long-Term Assets	$258.4M	$195.5M
Total Assets	$395.8M	$339.6M
YoY Change	16.54%	71.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$12.28M	$21.00M
YoY Change	-41.52%	-16.67%
Accrued Expenses	$30.20M	$29.70M
YoY Change	1.68%	62.3%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$0.00	$9.500M
YoY Change	-100.0%
Total Short-Term Liabilities	$73.30M	$68.80M
YoY Change	6.54%	35.43%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$32.00M
YoY Change	-100.0%
Other Long-Term Liabilities	$18.30M	$0.00
YoY Change		-100.0%
Total Long-Term Liabilities	$18.30M	$32.00M
YoY Change	-42.81%	580.85%
TOTAL LIABILITIES
Total Short-Term Liabilities	$73.30M	$68.80M
Total Long-Term Liabilities	$18.30M	$32.00M
Total Liabilities	$100.8M	$103.0M
YoY Change	-2.12%	78.82%
SHAREHOLDERS EQUITY
Retained Earnings	$97.06M
YoY Change
Common Stock	$200.1M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$294.9M	$236.5M
YoY Change
Total Liabilities & Shareholders Equity	$395.8M	$339.6M
YoY Change	16.54%	71.6%

Cashflow Statement

Concept	2013 Q2	2012 Q2
OPERATING ACTIVITIES
Net Income	$11.30M	$14.90M
YoY Change	-24.16%	-1454.55%
Depreciation, Depletion And Amortization	$4.400M	$3.500M
YoY Change	25.71%	133.33%
Cash From Operating Activities	$6.410M	$670.0K
YoY Change	856.72%	-94.41%
INVESTING ACTIVITIES
Capital Expenditures	-$1.410M	-$790.0K
YoY Change	78.48%	-92.43%
Acquisitions
YoY Change
Other Investing Activities		$0.00
YoY Change		-100.0%
Cash From Investing Activities	-$1.410M	-$790.0K
YoY Change	78.48%	-90.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	1.590M	-20.08M
YoY Change	-107.92%	-412.29%
NET CHANGE
Cash From Operating Activities	6.410M	670.0K
Cash From Investing Activities	-1.410M	-790.0K
Cash From Financing Activities	1.590M	-20.08M
Net Change In Cash	6.590M	-20.20M
YoY Change	-132.62%	-303.63%
FREE CASH FLOW
Cash From Operating Activities	$6.410M	$670.0K
Capital Expenditures	-$1.410M	-$790.0K
Free Cash Flow	$7.820M	$1.460M
YoY Change	435.62%	-93.49%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	1076937	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	1990073	shares
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	30695000	USD
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.94
CY2012Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	16226000	USD
CY2012Q3	us-gaap	Assets Current AssetsCurrent	162577000	USD
CY2012Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	10382000	USD
CY2012Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	7474000	USD
CY2012Q3	us-gaap	Accounts Payable Current AccountsPayableCurrent	9997000	USD
CY2012Q3	lqdt	Customer Payables CustomerPayables	34265000	USD
CY2012Q3	us-gaap	Notes Payable Current NotesPayableCurrent	10000000	USD
CY2012Q3	us-gaap	Liabilities Current LiabilitiesCurrent	109383000	USD
CY2013Q2	lqdt	Business Acquisition Earn Out Noncurrent Liabilities BusinessAcquisitionEarnOutNoncurrentLiabilities	18299000	USD
CY2012Q3	us-gaap	Deferred Income Taxes And Other Liabilities Noncurrent DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent	9022000	USD
CY2012Q3	us-gaap	Liabilities Liabilities	150405000	USD
CY2012Q3	us-gaap	Common Stock Value CommonStockValue	31000	USD
CY2013Q2	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	200059000	USD
CY2013Q2	us-gaap	Stockholders Equity StockholdersEquity	294939000	USD
CY2013Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2013Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	120000000	shares
CY2012Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	31138111	shares
CY2013Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	31693239	shares
CY2012Q2	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	105601000	USD
	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	307202000	USD
	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	313405000	USD
CY2012Q2	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	15672000	USD
	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	69526000	USD
	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	39624000	USD
CY2012Q2	us-gaap	Sales Revenue Net SalesRevenueNet	121273000	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	376728000	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	353029000	USD
CY2012Q2	lqdt	Cost Of Goods Sold Excluding Amortization CostOfGoodsSoldExcludingAmortization	49187000	USD
	lqdt	Technology And Operation TechnologyAndOperation	47528000	USD
CY2013Q2	lqdt	Sales And Marketing SalesAndMarketing	10127000	USD
CY2012Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	2042904	shares
CY2012Q3	lqdt	Profit Sharing Distributions Payable ProfitSharingDistributionsPayable	4041000	USD
CY2012Q3	lqdt	Business Acquisition Earn Out Current Liabilities BusinessAcquisitionEarnOutCurrentLiabilities	14511000	USD
CY2013Q2	lqdt	Customer Payables CustomerPayables	28039000	USD
CY2013Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	31651061	shares
CY2012Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	31140261	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	31565109	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	30791297	shares
CY2013Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	889126	shares
CY2008Q4	us-gaap	Stock Repurchase Program Authorized Amount StockRepurchaseProgramAuthorizedAmount	10000000	USD
	us-gaap	Stock Repurchase Program Authorized Amount StockRepurchaseProgramAuthorizedAmount	70000000	USD
CY2010Q1	lqdt	Stock Repurchase Program Additional Authorized Amount StockRepurchaseProgramAdditionalAuthorizedAmount	10000000	USD
CY2013Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	32540187	shares
CY2012Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	33183165	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	32642046	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	32781370	shares
CY2013Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	11288000	USD
CY2012Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	14863000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	42751000	USD
CY2013Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.36
CY2012Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.48
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.97
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.39
CY2013Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.35
CY2012Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.45
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.30
CY2012Q3	us-gaap	Goodwill Goodwill	185771000	USD
	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	27009000	USD
	us-gaap	Goodwill Translation Adjustments GoodwillTranslationAdjustments	-3423000	USD
CY2013Q2	us-gaap	Goodwill Goodwill	209357000	USD
CY2012Q3	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	34204000	USD
CY2013Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	31097000	USD
CY2013Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	2931000	USD
CY2013Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	11135000	USD
CY2013Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	9359000	USD
CY2013Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	6440000	USD
CY2013Q2	lqdt	Finite Lived Intangible Assets Amortization Expense Year Four And Thereafter FiniteLivedIntangibleAssetsAmortizationExpenseYearFourAndThereafter	1232000	USD
CY2013Q2	lqdt	Estimated Effective Income Tax Rate Continuing Operations EstimatedEffectiveIncomeTaxRateContinuingOperations	0.40	pure
	us-gaap	Unrecognized Tax Benefits Period Increase Decrease UnrecognizedTaxBenefitsPeriodIncreaseDecrease	0	USD
CY2013Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	12281000	USD
CY2013Q2	us-gaap	Liabilities Current LiabilitiesCurrent	73298000	USD
CY2012Q3	us-gaap	Long Term Notes Payable LongTermNotesPayable	32000000	USD
CY2011	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	3541000	USD
CY2013Q2	lqdt	Accrued Expenses And Other Current Liabilities AccruedExpensesAndOtherCurrentLiabilities	30165000	USD
CY2012Q3	lqdt	Accrued Expenses And Other Current Liabilities AccruedExpensesAndOtherCurrentLiabilities	36569000	USD
CY2006Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized	10000000	shares
CY2013Q2	us-gaap	Share Price SharePrice	34.67
CY2013Q2	lqdt	Profit Sharing Distributions Payable ProfitSharingDistributionsPayable	2813000	USD
CY2010Q4	lqdt	Stock Repurchase Program Additional Authorized Amount StockRepurchaseProgramAdditionalAuthorizedAmount	10000000	USD
CY2011Q2	lqdt	Stock Repurchase Program Additional Authorized Amount StockRepurchaseProgramAdditionalAuthorizedAmount	10000000	USD
CY2012Q2	lqdt	Stock Repurchase Program Additional Authorized Amount StockRepurchaseProgramAdditionalAuthorizedAmount	30000000	USD
CY2010	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	1225019	shares
CY2011	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	229575	shares
CY2012	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	505067	shares
	lqdt	Cost Of Goods Sold Excluding Amortization CostOfGoodsSoldExcludingAmortization	147045000	USD
CY2013Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	63327000	USD
CY2012Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	104782000	USD
CY2013Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	22821000	USD
CY2013Q2	us-gaap	Inventory Net InventoryNet	27710000	USD
CY2012Q3	us-gaap	Inventory Net InventoryNet	20669000	USD
CY2013Q2	lqdt	Prepaid Taxes And Deferred Tax Assets Liabilities Net Current PrepaidTaxesAndDeferredTaxAssetsLiabilitiesNetCurrent	17752000	USD
CY2012Q3	lqdt	Prepaid Taxes And Deferred Tax Assets Liabilities Net Current PrepaidTaxesAndDeferredTaxAssetsLiabilitiesNetCurrent	16927000	USD
CY2013Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	5737000	USD
CY2012Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	3973000	USD
CY2013Q2	us-gaap	Assets Current AssetsCurrent	137347000	USD
CY2013Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	10289000	USD
CY2013Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	7667000	USD
CY2013Q2	us-gaap	Assets Assets	395757000	USD
CY2012Q3	us-gaap	Assets Assets	400408000	USD
CY2012Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant	2553574	shares
CY2013Q2	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	24526000	USD
CY2013Q2	us-gaap	Sales Revenue Net SalesRevenueNet	124199000	USD
CY2013Q2	lqdt	Cost Of Goods Sold Excluding Amortization CostOfGoodsSoldExcludingAmortization	49977000	USD
CY2013Q2	us-gaap	Deferred Income Taxes And Other Liabilities Noncurrent DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent	9221000	USD
CY2013Q2	us-gaap	Liabilities Liabilities	100818000	USD
CY2013Q2	us-gaap	Common Stock Value CommonStockValue	31000	USD
CY2012Q3	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	182361000	USD
CY2013Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-2211000	USD
CY2012Q3	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	1246000	USD
CY2013Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	97060000	USD
CY2012Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	66365000	USD
CY2012Q3	us-gaap	Stockholders Equity StockholdersEquity	250003000	USD
CY2013Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	395757000	USD
CY2012Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	400408000	USD
CY2013Q2	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	1005000	USD
CY2012Q3	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	1248000	USD
CY2012Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2012Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	120000000	shares
CY2013Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	31693239	shares
CY2012Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	31138111	shares
CY2013Q2	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	99673000	USD
	lqdt	Cost Of Goods Sold Excluding Amortization CostOfGoodsSoldExcludingAmortization	147497000	USD
CY2013Q2	lqdt	Profit Sharing Distributions ProfitSharingDistributions	8649000	USD
CY2012Q2	lqdt	Profit Sharing Distributions ProfitSharingDistributions	10245000	USD
	lqdt	Profit Sharing Distributions ProfitSharingDistributions	27002000	USD
	lqdt	Profit Sharing Distributions ProfitSharingDistributions	34117000	USD
CY2013Q2	lqdt	Technology And Operation TechnologyAndOperation	21851000	USD
CY2012Q2	lqdt	Technology And Operation TechnologyAndOperation	15943000	USD
	lqdt	Technology And Operation TechnologyAndOperation	66800000	USD
CY2012Q2	lqdt	Sales And Marketing SalesAndMarketing	7364000	USD
	lqdt	Sales And Marketing SalesAndMarketing	30428000	USD
	lqdt	Sales And Marketing SalesAndMarketing	20809000	USD
CY2013Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	10096000	USD
CY2012Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	8639000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	35907000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	24672000	USD
CY2013Q2	lqdt	Amortization Contract Intangibles AmortizationContractIntangibles	2407000	USD
CY2012Q2	lqdt	Amortization Contract Intangibles AmortizationContractIntangibles	2020000	USD
	lqdt	Amortization Contract Intangibles AmortizationContractIntangibles	6059000	USD
CY2013Q2	us-gaap	Depreciation And Amortization DepreciationAndAmortization	1984000	USD
CY2012Q2	us-gaap	Depreciation And Amortization DepreciationAndAmortization	1477000	USD
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	5952000	USD
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	4508000	USD
CY2013Q2	lqdt	Acquisition Costs And Goodwill Impairment AcquisitionCostsAndGoodwillImpairment	239000	USD
CY2012Q2	lqdt	Acquisition Costs And Goodwill Impairment AcquisitionCostsAndGoodwillImpairment	1109000	USD
	lqdt	Acquisition Costs And Goodwill Impairment AcquisitionCostsAndGoodwillImpairment	5826000	USD
	lqdt	Acquisition Costs And Goodwill Impairment AcquisitionCostsAndGoodwillImpairment	-5562000	USD
CY2013Q2	us-gaap	Costs And Expenses CostsAndExpenses	105330000	USD
CY2013Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	18869000	USD
CY2013Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-1363000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	50745000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	73401000	USD
	lqdt	Other Nonoperating Income Expense Net OtherNonoperatingIncomeExpenseNet	772000	USD
	lqdt	Other Nonoperating Income Expense Net OtherNonoperatingIncomeExpenseNet	-1625000	USD
CY2013Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	18813000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	51517000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	71776000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	20822000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	29025000	USD
CY2013Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-1363000	USD
CY2013Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	9925000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	12975000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	10567000	USD
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	1000000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	10229000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	8655000	USD
	us-gaap	Inventory Write Down InventoryWriteDown	-1109000	USD
	us-gaap	Inventory Write Down InventoryWriteDown	-776000	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	-243000	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	-217000	USD
	us-gaap	Excess Tax Benefit From Share Based Compensation Operating Activities ExcessTaxBenefitFromShareBasedCompensationOperatingActivities	6074000	USD
	us-gaap	Excess Tax Benefit From Share Based Compensation Operating Activities ExcessTaxBenefitFromShareBasedCompensationOperatingActivities	15188000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	6352000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	1066000	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	5932000	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	4515000	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-3292000	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-5929000	USD
	us-gaap	Increase Decrease In Other Accrued Liabilities IncreaseDecreaseInOtherAccruedLiabilities	-8608000	USD
	us-gaap	Increase Decrease In Other Accrued Liabilities IncreaseDecreaseInOtherAccruedLiabilities	5912000	USD
	lqdt	Increase Decrease In Profit Sharing Distributions Payable IncreaseDecreaseInProfitSharingDistributionsPayable	-1228000	USD
	lqdt	Increase Decrease In Profit Sharing Distributions Payable IncreaseDecreaseInProfitSharingDistributionsPayable	-4329000	USD
	lqdt	Increase Decrease In Customer Payables IncreaseDecreaseInCustomerPayables	-6226000	USD
	lqdt	Increase Decrease In Customer Payables IncreaseDecreaseInCustomerPayables	-167000	USD
	lqdt	Increase Decrease In Acquisition Earn Out Payables IncreaseDecreaseInAcquisitionEarnOutPayables	6077000	USD
	lqdt	Increase Decrease In Acquisition Earn Out Payables IncreaseDecreaseInAcquisitionEarnOutPayables	10068000	USD
	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	39000000	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	199000	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	128000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	16825000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	39271000	USD
	lqdt	Increase In Goodwill And Intangibles And Cash Paid For Acquisitions IncreaseInGoodwillAndIntangiblesAndCashPaidForAcquisitions	14719000	USD
	lqdt	Increase In Goodwill And Intangibles And Cash Paid For Acquisitions IncreaseInGoodwillAndIntangiblesAndCashPaidForAcquisitions	80063000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	3909000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	2828000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-18628000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-82891000	USD
	lqdt	Payment Of Acquisition Contingent Liabilities PaymentOfAcquisitionContingentLiabilities	8185000	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	1394000	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	14022000	USD
	us-gaap	Excess Tax Benefit From Share Based Compensation Financing Activities ExcessTaxBenefitFromShareBasedCompensationFinancingActivities	6074000	USD
	us-gaap	Excess Tax Benefit From Share Based Compensation Financing Activities ExcessTaxBenefitFromShareBasedCompensationFinancingActivities	15188000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-39717000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-789000	USD
	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	65000	USD
	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-21000	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-41455000	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-44430000	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	12221000	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	11761000	USD
	us-gaap	Interest Paid InterestPaid	2029000	USD
	us-gaap	Interest Paid InterestPaid	52000	USD
	us-gaap	Notes Issued1 NotesIssued1	40000000	USD
	lqdt	Noncash Or Part Noncash Acquisition Other Contingent Consideration Arrangements Contingent Consideration Liability NoncashOrPartNoncashAcquisitionOtherContingentConsiderationArrangementsContingentConsiderationLiability	23146000	USD
CY2013Q2	us-gaap	Cash And Cash Equivalents At Carrying Value Including Discontinued Operations CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations	63327000	USD
CY2012Q3	us-gaap	Cash And Cash Equivalents At Carrying Value Including Discontinued Operations CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations	104782000	USD
CY2012Q2	us-gaap	Cash And Cash Equivalents At Carrying Value Including Discontinued Operations CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations	84659000	USD
CY2011Q3	us-gaap	Cash And Cash Equivalents At Carrying Value Including Discontinued Operations CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations	129089000	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	1394000	USD
	lqdt	Adjustment To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value And Income Tax Effect From Share Based Compensation Net AdjustmentToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValueAndIncomeTaxEffectFromShareBasedCompensationNet	16304000	USD
	us-gaap	Nature Of Operations NatureOfOperations	<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="MARGIN: 0in 0in 0pt;"><b><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">1.</font></b><b><font style="FONT-SIZE: 3pt; FONT-WEIGHT: bold;" size="1">                                     </font></b> <b><font style="FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">Organization</font></b></p> <p style="MARGIN: 0in 0in 0pt;"> </p> <p style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">Liquidity Services, Inc. and subsidiaries (LSI or the Company) operates leading auction marketplaces for surplus and salvage assets. LSI enables buyers and sellers to transact in an efficient, automated online auction environment offering over 500 product categories. The Company’s marketplaces provide professional buyers access to a global, organized supply of surplus and salvage assets presented with digital images and other relevant product information. Additionally, LSI enables its corporate and government sellers to enhance their financial return on excess assets by providing a liquid marketplace and value-added services that integrate sales and marketing, logistics and transaction settlement into a single offering. LSI organizes its products into categories across major industry verticals such as consumer electronics, general merchandise, apparel, scientific equipment, aerospace parts and equipment, technology hardware, energy equipment, industrial capital assets, fleet and transportation equipment and specialty equipment. The Company’s marketplaces are <i>www.liquidation.com</i>, <i>www.govliquidation.com, www.govdeals.com, www.networkintl.com, www.truckcenter.com, www.secondipity.com, and www.go-dove.com</i>. LSI has one reportable segment consisting of operating auction marketplaces for sellers and buyers of surplus, salvage and scrap assets.</font></p> </div>
	dei	Entity Registrant Name EntityRegistrantName	LIQUIDITY SERVICES INC
	dei	Entity Central Index Key EntityCentralIndexKey	0001235468
	dei	Document Type DocumentType	10-Q
	dei	Document Period End Date DocumentPeriodEndDate	2013-06-30
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--09-30
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2013Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	31745353	shares
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2013

Files In Submission

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$LQDT
LIQUIDITY SERVICES INC Stock $lqdt

2013 Q2 Form 10-Q Financial Statement

#000110465913062106 Filed on August 09, 2013

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LQDT LIQUIDITY SERVICES INC Stock $lqdt

2013 Q2 Form 10-Q Financial Statement

#000110465913062106 Filed on August 09, 2013

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LQDT
LIQUIDITY SERVICES INC Stock $lqdt