2020 Q4 Form 10-Q Financial Statement

#000123546821000057 Filed on February 04, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2019 Q4
Revenue $55.75M $49.50M
YoY Change 12.62% -8.42%
Cost Of Revenue $22.60M $24.20M
YoY Change -6.61% -3.03%
Gross Profit $33.18M $25.33M
YoY Change 30.99% -4.33%
Gross Profit Margin 59.51% 51.16%
Selling, General & Admin $16.10M $17.31M
YoY Change -6.98% -1.72%
% of Gross Profit 48.54% 68.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.871M $1.572M
YoY Change 19.02% 30.56%
% of Gross Profit 5.64% 6.21%
Operating Expenses $28.55M $30.13M
YoY Change -5.23% -3.89%
Operating Profit $4.626M -$4.990M
YoY Change -192.71% -1.67%
Interest Expense $200.0K $300.0K
YoY Change -33.33% 0.0%
% of Operating Profit 4.32%
Other Income/Expense, Net
YoY Change
Pretax Income $4.811M -$4.738M
YoY Change -201.54% -0.38%
Income Tax $297.0K $458.0K
% Of Pretax Income 6.17%
Net Earnings $4.514M -$5.200M
YoY Change -186.81% 4.0%
Net Earnings / Revenue 8.1% -10.5%
Basic Earnings Per Share $0.14 -$0.15
Diluted Earnings Per Share $0.13 -$0.15
COMMON SHARES
Basic Shares Outstanding 33.18M shares 33.55M shares
Diluted Shares Outstanding 34.91M shares 33.55M shares

Balance Sheet

Concept 2020 Q4 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $77.80M $49.20M
YoY Change 58.13% -28.18%
Cash & Equivalents $77.84M $24.18M
Short-Term Investments $25.00M
Other Short-Term Assets $7.900M $7.000M
YoY Change 12.86% 0.0%
Inventory $9.931M $5.808M
Prepaid Expenses
Receivables $4.801M $5.949M
Other Receivables $0.00 $2.700M
Total Short-Term Assets $100.9M $70.52M
YoY Change 43.03% -24.67%
LONG-TERM ASSETS
Property, Plant & Equipment $17.70M $18.70M
YoY Change -5.34% 8.23%
Goodwill $60.13M $59.73M
YoY Change 0.67% 0.01%
Intangibles $4.427M $5.727M
YoY Change -22.7% -18.59%
Long-Term Investments
YoY Change
Other Assets $8.068M $11.95M
YoY Change -32.47% -15.76%
Total Long-Term Assets $104.4M $108.7M
YoY Change -3.95% 9.51%
TOTAL ASSETS
Total Short-Term Assets $100.9M $70.52M
Total Long-Term Assets $104.4M $108.7M
Total Assets $205.3M $179.2M
YoY Change 14.54% -7.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $25.26M $9.714M
YoY Change 160.02% -6.32%
Accrued Expenses $21.40M $23.90M
YoY Change -10.46% 14.35%
Deferred Revenue $3.429M $2.689M
YoY Change 27.52% -3.13%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change
Total Short-Term Liabilities $77.29M $57.26M
YoY Change 34.98% -8.77%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.892M $7.600M
YoY Change -61.95%
Total Long-Term Liabilities $2.892M $7.600M
YoY Change -61.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $77.29M $57.26M
Total Long-Term Liabilities $2.892M $7.600M
Total Liabilities $90.19M $66.76M
YoY Change 35.1% 0.61%
SHAREHOLDERS EQUITY
Retained Earnings -$117.8M -$123.8M
YoY Change -4.8% 24.62%
Common Stock $250.0M $243.3M
YoY Change 2.75% 2.37%
Preferred Stock
YoY Change
Treasury Stock (at cost) $8.255M
YoY Change
Treasury Stock Shares 866.4K shares
Shareholders Equity $115.1M $112.4M
YoY Change
Total Liabilities & Shareholders Equity $205.3M $179.2M
YoY Change 14.54% -7.08%

Cashflow Statement

Concept 2020 Q4 2019 Q4
OPERATING ACTIVITIES
Net Income $4.514M -$5.200M
YoY Change -186.81% 4.0%
Depreciation, Depletion And Amortization $1.871M $1.572M
YoY Change 19.02% 30.56%
Cash From Operating Activities $6.038M -$18.60M
YoY Change -132.46% 130.35%
INVESTING ACTIVITIES
Capital Expenditures $1.363M $1.330M
YoY Change 2.48% -15.56%
Acquisitions $0.00
YoY Change
Other Investing Activities $520.0K $7.570M
YoY Change -93.13% -175.85%
Cash From Investing Activities -$846.0K $6.215M
YoY Change -113.61% -153.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $4.103M $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$3.973M -$504.0K
YoY Change 688.29% -6400.0%
NET CHANGE
Cash From Operating Activities $6.038M -$18.60M
Cash From Investing Activities -$846.0K $6.215M
Cash From Financing Activities -$3.973M -$504.0K
Net Change In Cash $1.808M -$12.31M
YoY Change -114.68% -38.23%
FREE CASH FLOW
Cash From Operating Activities $6.038M -$18.60M
Capital Expenditures $1.363M $1.330M
Free Cash Flow $4.675M -$19.93M
YoY Change -123.45% 106.54%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2020Q4 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
468000 USD
CY2020Q4 dei Entity Central Index Key
EntityCentralIndexKey
0001235468
CY2020Q4 dei Amendment Flag
AmendmentFlag
false
CY2020Q4 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--09-30
CY2020Q4 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2021
CY2020Q4 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2020Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
us-gaap Accounting Standards Update Extensible List
AccountingStandardsUpdateExtensibleList
us-gaap:AccountingStandardsUpdate201602Member
CY2020Q4 dei Document Type
DocumentType
10-Q
CY2020Q4 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2020Q4 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2020Q4 dei Document Period End Date
DocumentPeriodEndDate
2020-12-31
CY2020Q4 dei Document Transition Report
DocumentTransitionReport
false
CY2020Q4 dei Entity File Number
EntityFileNumber
0-51813
CY2020Q4 dei Entity Registrant Name
EntityRegistrantName
LIQUIDITY SERVICES, INC
CY2020Q4 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2020Q4 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
52-2209244
CY2020Q4 dei Entity Address Address Line1
EntityAddressAddressLine1
6931 Arlington Road, Suite 200
CY2020Q4 dei Entity Address City Or Town
EntityAddressCityOrTown
Bethesda
CY2020Q4 dei Entity Address State Or Province
EntityAddressStateOrProvince
MD
CY2020Q4 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
20814
CY2020Q4 dei City Area Code
CityAreaCode
202
CY2020Q4 dei Local Phone Number
LocalPhoneNumber
467-6868
CY2020Q4 dei Security12b Title
Security12bTitle
Common Stock, $0.001 par value
CY2020Q4 dei Trading Symbol
TradingSymbol
LQDT
CY2020Q4 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2020Q4 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2020Q4 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2020Q4 dei Entity Small Business
EntitySmallBusiness
true
CY2020Q4 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2020Q4 dei Entity Shell Company
EntityShellCompany
false
CY2021Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
34923452 shares
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
77844000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
76036000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
396000 USD
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
389000 USD
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
4801000 USD
CY2020Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
5322000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
9931000 USD
CY2020Q3 us-gaap Inventory Net
InventoryNet
5607000 USD
CY2020Q4 us-gaap Prepaid Taxes
PrepaidTaxes
1442000 USD
CY2020Q3 us-gaap Prepaid Taxes
PrepaidTaxes
1652000 USD
CY2020Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
6853000 USD
CY2020Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
5962000 USD
CY2020Q4 us-gaap Assets Current
AssetsCurrent
100871000 USD
CY2020Q3 us-gaap Assets Current
AssetsCurrent
94579000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
15300000 USD
CY2020Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
14555000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
17697000 USD
CY2020Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
17843000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
13273000 USD
CY2020Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
10561000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4427000 USD
CY2020Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4758000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
60126000 USD
CY2020Q3 us-gaap Goodwill
Goodwill
59839000 USD
CY2020Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
792000 USD
CY2020Q3 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
806000 USD
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
8068000 USD
CY2020Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
8248000 USD
CY2020Q4 us-gaap Assets
Assets
205254000 USD
CY2020Q3 us-gaap Assets
Assets
196634000 USD
CY2020Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
25258000 USD
CY2020Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
21957000 USD
CY2020Q4 lqdt Accrued Expenses And Other Current Liabilities
AccruedExpensesAndOtherCurrentLiabilities
17411000 USD
CY2020Q3 lqdt Accrued Expenses And Other Current Liabilities
AccruedExpensesAndOtherCurrentLiabilities
19124000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3956000 USD
CY2020Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3818000 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
3429000 USD
CY2020Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
3255000 USD
CY2020Q4 lqdt Payables To Sellers Current
PayablesToSellersCurrent
27239000 USD
CY2020Q3 lqdt Payables To Sellers Current
PayablesToSellersCurrent
26170000 USD
CY2020Q4 us-gaap Liabilities Current
LiabilitiesCurrent
77293000 USD
CY2020Q3 us-gaap Liabilities Current
LiabilitiesCurrent
74324000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
10006000 USD
CY2020Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
7499000 USD
CY2020Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2892000 USD
CY2020Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2996000 USD
CY2020Q4 us-gaap Liabilities
Liabilities
90191000 USD
CY2020Q3 us-gaap Liabilities
Liabilities
84819000 USD
CY2020Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
0 USD
CY2020Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
0 USD
CY2020Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
120000000 shares
CY2020Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
120000000 shares
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
34212815 shares
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
34212815 shares
CY2020Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
34082406 shares
CY2020Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
34082406 shares
CY2020Q4 us-gaap Common Stock Value
CommonStockValue
34000 USD
CY2020Q3 us-gaap Common Stock Value
CommonStockValue
34000 USD
CY2020Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
250002000 USD
CY2020Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
247892000 USD
CY2020Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
866388 shares
CY2020Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
547508 shares
CY2020Q4 us-gaap Treasury Stock Value
TreasuryStockValue
8255000 USD
CY2020Q3 us-gaap Treasury Stock Value
TreasuryStockValue
3983000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-8886000 USD
CY2020Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-9782000 USD
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-117832000 USD
CY2020Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-122346000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
115063000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
111815000 USD
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
205254000 USD
CY2020Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
196634000 USD
CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
55751000 USD
CY2019Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
49504000 USD
CY2020Q4 us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
22573000 USD
CY2019Q4 us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
24176000 USD
CY2020Q4 lqdt Technology And Operations Expense
TechnologyAndOperationsExpense
10573000 USD
CY2019Q4 lqdt Technology And Operations Expense
TechnologyAndOperationsExpense
11241000 USD
CY2020Q4 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
9108000 USD
CY2019Q4 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
9605000 USD
CY2020Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6996000 USD
CY2019Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7707000 USD
CY2020Q4 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1871000 USD
CY2019Q4 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1572000 USD
CY2020Q4 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-4000 USD
CY2019Q4 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-193000 USD
CY2020Q4 us-gaap Costs And Expenses
CostsAndExpenses
51125000 USD
CY2019Q4 us-gaap Costs And Expenses
CostsAndExpenses
54494000 USD
CY2020Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
4626000 USD
CY2019Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-4990000 USD
CY2020Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
185000 USD
CY2019Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
252000 USD
CY2020Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
4811000 USD
CY2019Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-4738000 USD
CY2020Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
297000 USD
CY2019Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
458000 USD
CY2020Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4514000 USD
CY2019Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5196000 USD
CY2020Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
CY2019Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.15
CY2020Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.13
CY2019Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.15
CY2020Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33176895 shares
CY2019Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33545235 shares
CY2020Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34911119 shares
CY2019Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33545235 shares
CY2020Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4514000 USD
CY2019Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5196000 USD
CY2020Q4 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
896000 USD
CY2019Q4 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
833000 USD
CY2020Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
896000 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
833000 USD
CY2020Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
5410000 USD
CY2019Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-4363000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
111815000 USD
CY2020Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4514000 USD
CY2020Q4 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
197000 USD
CY2020Q4 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
57000 USD
CY2020Q4 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
0 USD
CY2020Q4 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
4103000 USD
CY2020Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1801000 USD
CY2020Q4 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
896000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
115063000 USD
CY2020Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4514000 USD
CY2019Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5196000 USD
CY2020Q4 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1871000 USD
CY2019Q4 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1572000 USD
CY2020Q4 us-gaap Share Based Compensation
ShareBasedCompensation
2229000 USD
CY2019Q4 us-gaap Share Based Compensation
ShareBasedCompensation
1039000 USD
CY2020Q4 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
15000 USD
CY2019Q4 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
21000 USD
CY2020Q4 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
32000 USD
CY2019Q4 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
100000 USD
CY2020Q4 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
1000 USD
CY2019Q4 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
12000 USD
CY2020Q4 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
0 USD
CY2019Q4 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
200000 USD
CY2020Q4 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-506000 USD
CY2019Q4 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-734000 USD
CY2020Q4 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
4324000 USD
CY2019Q4 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-35000 USD
CY2020Q4 lqdt Increase Decrease In Prepaid Expenses And Deferred Taxes
IncreaseDecreaseInPrepaidExpensesAndDeferredTaxes
-208000 USD
CY2019Q4 lqdt Increase Decrease In Prepaid Expenses And Deferred Taxes
IncreaseDecreaseInPrepaidExpensesAndDeferredTaxes
77000 USD
CY2020Q4 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1235000 USD
CY2019Q4 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
725000 USD
CY2020Q4 lqdt Increase Decrease In Operating Leases
IncreaseDecreaseInOperatingLeases
89000 USD
CY2019Q4 lqdt Increase Decrease In Operating Leases
IncreaseDecreaseInOperatingLeases
97000 USD
CY2020Q4 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3301000 USD
CY2019Q4 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-5337000 USD
CY2020Q4 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-1994000 USD
CY2019Q4 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-9409000 USD
CY2020Q4 lqdt Increase Decrease In Profit Sharing Distributions Payable
IncreaseDecreaseInProfitSharingDistributionsPayable
0 USD
CY2019Q4 lqdt Increase Decrease In Profit Sharing Distributions Payable
IncreaseDecreaseInProfitSharingDistributionsPayable
-1675000 USD
CY2020Q4 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
174000 USD
CY2019Q4 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-359000 USD
CY2020Q4 lqdt Increase Decrease In Payables To Sellers
IncreaseDecreaseInPayablesToSellers
1069000 USD
CY2019Q4 lqdt Increase Decrease In Payables To Sellers
IncreaseDecreaseInPayablesToSellers
658000 USD
CY2020Q4 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-238000 USD
CY2019Q4 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-75000 USD
CY2020Q4 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6038000 USD
CY2019Q4 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-18603000 USD
CY2020Q4 us-gaap Increase Decrease In Intangible Assets Current
IncreaseDecreaseInIntangibleAssetsCurrent
5000 USD
CY2019Q4 us-gaap Increase Decrease In Intangible Assets Current
IncreaseDecreaseInIntangibleAssetsCurrent
20000 USD
CY2020Q4 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1363000 USD
CY2019Q4 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1330000 USD
CY2020Q4 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
14000 USD
CY2019Q4 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
12000 USD
CY2020Q4 us-gaap Proceeds From Sale And Collection Of Notes Receivable
ProceedsFromSaleAndCollectionOfNotesReceivable
508000 USD
CY2019Q4 us-gaap Proceeds From Sale And Collection Of Notes Receivable
ProceedsFromSaleAndCollectionOfNotesReceivable
2553000 USD
CY2020Q4 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
0 USD
CY2019Q4 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
25000000 USD
CY2020Q4 us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
0 USD
CY2019Q4 us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
30000000 USD
CY2020Q4 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-846000 USD
CY2019Q4 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
6215000 USD
CY2020Q4 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
9000 USD
CY2019Q4 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
8000 USD
CY2020Q4 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
58000 USD
CY2019Q4 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
498000 USD
CY2020Q4 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
197000 USD
CY2019Q4 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2000 USD
CY2020Q4 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4103000 USD
CY2019Q4 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2020Q4 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3973000 USD
CY2019Q4 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-504000 USD
CY2020Q4 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
589000 USD
CY2019Q4 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
578000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1808000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-12314000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
76036000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
36497000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
77844000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
24183000 USD
CY2020Q4 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
208000 USD
CY2019Q4 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
9000 USD
CY2020Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
-169000 USD
CY2019Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
0 USD
CY2020Q4 us-gaap Nature Of Operations
NatureOfOperations
Organization<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Liquidity Services, Inc. (the Company) operates a network of e-commerce marketplaces that enable buyers and sellers to transact in an efficient, automated environment offering over</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> 600 product categories</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. The Company’s marketplaces provide professional buyers access to a global, organized supply of new, surplus and idle assets presented with digital images and other relevant product information. Additionally, the Company enables corporate and government sellers to enhance their financial return on offered assets by providing a liquid marketplace and value-added services that encompass the consultative management, valuation and sale of surplus assets. The Company's services include program management, valuation, asset management, reconciliation, refurbishment and recycling, fulfillment, marketing and sales, warehousing and transportation, buyer support, compliance and risk mitigation, as well as self-directed service tools for its sellers. The Company organizes the products on its marketplaces 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, heavy equipment, fleet and transportation equipment and specialty equipment. The Company’s marketplaces are: www.allsurplus.com, www.liquidation.com, www.govdeals.com, www.networkintl.com, www.secondipity.com, and www.go-dove.com. The Company also operates a global search engine for listing used machinery and equipment for sale at www.machinio.com. The Company has four reportable segments: GovDeals, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), and Machinio. See Note 12 for Segment Information. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company's operations are subject to certain risks and uncertainties, many of which are associated with technology-oriented companies, including, but not limited to, the Company's dependence on use of the Internet; the effect of general business and economic trends, including the extent and duration of the COVID-19 pandemic; the Company's susceptibility to rapid technological change; actual and potential competition by entities with greater financial and other resources; and the potential for the commercial sellers from which the Company derives a significant portion of its inventory to change the way they conduct their disposition of surplus assets or to otherwise terminate or not renew their contracts with the Company.</span></div>
CY2020Q4 lqdt Number Of Product Categories Offered
NumberOfProductCategoriesOffered
600 category
CY2020Q4 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 category
CY2020Q4 us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect amounts in the consolidated financial statements and accompanying notes. For the three months ended December 31, 2020, these estimates required the Company to make assumptions about the extent and duration of the COVID-19 pandemic and its impacts on the Company's results of operations. As there remains uncertainty associated with the COVID-19 pandemic, the Company will continue to update its assumptions as conditions change. Actual results could differ significantly from those estimates.</span></div>
CY2020Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
400000 USD
CY2020Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
400000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
3400000 USD
CY2020Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
3300000 USD
CY2020Q4 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1400000 USD
CY2020Q4 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Risk Associated with Certain Concentrations</span></div><div style="text-indent:36pt"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the majority of buyers that receive goods before payment to the Company is made, credit evaluations are performed. However, for the remaining buyers, goods are not shipped before payment is made, and as a result the Company is not subject to significant collection risk from those buyers.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For consignment sales transactions, funds are typically collected from buyers and are held by the Company on the sellers' behalf. The funds are included in Cash and cash equivalents in the consolidated financial statements. The Company releases the funds to the seller, less the Company's commission and other fees due, to the seller through Accounts payable after the buyer has accepted the goods or within 30 days, depending on the state where the buyer and seller conduct business. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of Cash and cash equivalents in banks over FDIC limits, Short-term investments, and Accounts receivable. The Company deposits its Cash and cash equivalents with and acquires Short-term investments from financial institutions that the Company considers to be of high credit quality.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Additionally, the Company has multiple vendor contracts with Amazon.com, Inc. under which it acquires and sells commercial merchandise. The property purchased under this contract represented 60.0% and 48.3% of consolidated Cost of goods sold for the three months ended December 31, 2020 and 2019, respectively. These contracts are included within the RSCG segment.</span></div>
CY2020Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1734225 shares
CY2020Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1711221 shares
CY2020Q4 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
16000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
21000 USD
CY2020Q4 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
5000 USD
CY2019Q4 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
7000 USD
CY2020Q4 us-gaap Operating Lease Cost
OperatingLeaseCost
1389000 USD
CY2019Q4 us-gaap Operating Lease Cost
OperatingLeaseCost
1336000 USD
CY2020Q4 us-gaap Short Term Lease Cost
ShortTermLeaseCost
74000 USD
CY2019Q4 us-gaap Short Term Lease Cost
ShortTermLeaseCost
21000 USD
CY2020Q4 us-gaap Variable Lease Cost
VariableLeaseCost
363000 USD
CY2019Q4 us-gaap Variable Lease Cost
VariableLeaseCost
331000 USD
CY2020Q4 us-gaap Sublease Income
SubleaseIncome
76000 USD
CY2019Q4 us-gaap Sublease Income
SubleaseIncome
119000 USD
CY2020Q4 us-gaap Lease Cost
LeaseCost
1771000 USD
CY2019Q4 us-gaap Lease Cost
LeaseCost
1597000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
3605000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
42000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
4173000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
55000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3302000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
56000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2301000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
56000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1786000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
55000 USD
CY2020Q4 lqdt Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
744000 USD
CY2020Q4 lqdt Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
50000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
15911000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
314000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1949000 USD
CY2020Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
57000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
13962000 USD
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
257000 USD
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y10M24D
CY2020Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P5Y7M6D
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.066
CY2020Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.075
CY2020Q4 us-gaap Operating Lease Payments
OperatingLeasePayments
1240000 USD
CY2019Q4 us-gaap Operating Lease Payments
OperatingLeasePayments
1266000 USD
CY2020Q4 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
9000 USD
CY2019Q4 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
8000 USD
CY2019Q4 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
12188000 USD
CY2020Q4 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 USD
CY2019Q4 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
10000 USD
CY2020Q4 lqdt Noncash Adjustment To Lease Assets And Liabilities
NoncashAdjustmentToLeaseAssetsAndLiabilities
3187000 USD
CY2019Q4 lqdt Noncash Adjustment To Lease Assets And Liabilities
NoncashAdjustmentToLeaseAssetsAndLiabilities
1598000 USD
CY2019Q3 us-gaap Goodwill
Goodwill
59467000 USD
CY2020 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
372000 USD
CY2020Q3 us-gaap Goodwill
Goodwill
59839000 USD
CY2020Q4 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
287000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
60126000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
8133000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3706000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4427000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
8129000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3371000 USD
CY2020Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4758000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
1002000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1328000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1184000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
646000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
267000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4427000 USD
CY2020Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
300000 USD
CY2019Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
300000 USD
CY2020Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.062
CY2019Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.097
CY2020 lqdt Coronavirus Aid Relief And Economic Security Act Alternative Minimum Tax Refund
CoronavirusAidReliefAndEconomicSecurityActAlternativeMinimumTaxRefund
1700000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
116175000 USD
CY2019Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5196000 USD
CY2019Q4 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2000 USD
CY2019Q4 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
498000 USD
CY2019Q4 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
0 USD
CY2019Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
-1121000 USD
CY2019Q4 lqdt Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent Including Impact To Retained Earnings
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParentIncludingImpactToRetainedEarnings
833000 USD
CY2020Q4 us-gaap Payments For Restructuring
PaymentsForRestructuring
82000 USD
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
0 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
112437000 USD
CY2020Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
19100000 shares
CY2020Q4 lqdt Number Of Shares Counted For Grants Of Full Value Awards From Reserve
NumberOfSharesCountedForGrantsOfFullValueAwardsFromReserve
1.5 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2037876 shares
CY2020Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2200000 USD
CY2020Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
30000000.0 USD
CY2020Q3 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
30000000.0 USD
CY2020Q3 us-gaap Restructuring Reserve
RestructuringReserve
77000 USD
CY2020Q4 us-gaap Restructuring Charges
RestructuringCharges
5000 USD
CY2020Q4 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
10000000 GBP
CY2020Q4 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
107000 USD
CY2019Q4 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
109000 USD
CY2020Q4 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
194000 USD
CY2019Q4 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
200000 USD
CY2020Q4 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
5000 USD
CY2019Q4 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
5000 USD
CY2020Q4 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-82000 USD
CY2019Q4 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-86000 USD
CY2019Q3 us-gaap Restructuring Reserve
RestructuringReserve
821000 USD
CY2020 us-gaap Restructuring Charges
RestructuringCharges
405000 USD
CY2020 us-gaap Payments For Restructuring
PaymentsForRestructuring
980000 USD
CY2020Q4 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 reportablesegment
CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
55751000 USD
CY2019Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
49504000 USD
CY2020Q4 us-gaap Gross Profit
GrossProfit
33178000 USD
CY2019Q4 us-gaap Gross Profit
GrossProfit
25328000 USD
CY2020Q4 us-gaap Gross Profit
GrossProfit
33178000 USD
CY2019Q4 us-gaap Gross Profit
GrossProfit
25328000 USD
CY2020Q4 us-gaap Operating Expenses
OperatingExpenses
28548000 USD
CY2019Q4 us-gaap Operating Expenses
OperatingExpenses
30125000 USD
CY2020Q4 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-4000 USD
CY2019Q4 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-193000 USD
CY2020Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
185000 USD
CY2019Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
252000 USD
CY2020Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
4811000 USD
CY2019Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-4738000 USD

Files In Submission

Name View Source Status
0001235468-21-000057-index-headers.html Edgar Link pending
0001235468-21-000057-index.html Edgar Link pending
0001235468-21-000057.txt Edgar Link pending
0001235468-21-000057-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
lqdt-20201231.htm Edgar Link pending
lqdt-20201231.xsd Edgar Link pending
lqdt-20201231_cal.xml Edgar Link unprocessable
lqdt-20201231_def.xml Edgar Link unprocessable
lqdt-20201231_htm.xml Edgar Link completed
lqdt-20201231_lab.xml Edgar Link unprocessable
lqdt-20201231_pre.xml Edgar Link unprocessable
lqdt12312010qex311.htm Edgar Link pending
lqdt12312010qex312.htm Edgar Link pending
lqdt12312010qex321.htm Edgar Link pending
lqdt12312010qex322.htm Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending