$LQDT
LIQUIDITY SERVICES INC

2021 Q1 Form 10-Q Financial Statement

#000123546821000102 Filed on May 06, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $61.79M $52.82M
YoY Change 16.97% -7.0%
Cost Of Revenue $26.40M $26.60M
YoY Change -0.75% 7.23%
Gross Profit $35.40M $26.21M
YoY Change 35.09% -10.31%
Gross Profit Margin 57.3% 49.61%
Selling, General & Admin $15.80M $17.51M
YoY Change -9.73% -1.42%
% of Gross Profit 44.64% 66.8%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.670M $1.577M
YoY Change 5.9% 35.36%
% of Gross Profit 4.72% 6.02%
Operating Expenses $29.76M $30.67M
YoY Change -2.95% -5.21%
Operating Profit $5.638M -$4.452M
YoY Change -226.64% -0.74%
Interest Expense $0.00 $300.0K
YoY Change -100.0% -40.0%
% of Operating Profit 0.0%
Other Income/Expense, Net
YoY Change
Pretax Income $5.667M -$4.195M
YoY Change -235.09% 3.99%
Income Tax $407.0K $43.00K
% Of Pretax Income 7.18%
Net Earnings $5.260M -$4.200M
YoY Change -225.24% -4.55%
Net Earnings / Revenue 8.51% -7.95%
Basic Earnings Per Share $0.16 -$0.13
Diluted Earnings Per Share $0.15 -$0.13
COMMON SHARES
Basic Shares Outstanding 33.49M shares 33.62M shares
Diluted Shares Outstanding 35.56M shares 33.62M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $87.60M $51.80M
YoY Change 69.11% -18.94%
Cash & Equivalents $87.61M $41.82M
Short-Term Investments $10.00M
Other Short-Term Assets $7.900M $5.900M
YoY Change 33.9% -25.32%
Inventory $13.12M $8.491M
Prepaid Expenses
Receivables $5.731M $5.972M
Other Receivables $0.00 $3.400M
Total Short-Term Assets $114.9M $75.85M
YoY Change 51.5% -18.88%
LONG-TERM ASSETS
Property, Plant & Equipment $17.34M $18.94M
YoY Change -8.44% 5.95%
Goodwill $59.99M $59.53M
YoY Change 0.77% -0.27%
Intangibles $4.110M $5.417M
YoY Change -24.13% -19.25%
Long-Term Investments
YoY Change
Other Assets $7.868M $11.07M
YoY Change -28.9% -23.42%
Total Long-Term Assets $102.7M $106.2M
YoY Change -3.34% 6.64%
TOTAL ASSETS
Total Short-Term Assets $114.9M $75.85M
Total Long-Term Assets $102.7M $106.2M
Total Assets $217.6M $182.1M
YoY Change 19.5% -5.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $36.90M $19.17M
YoY Change 92.55% 72.26%
Accrued Expenses $25.80M $21.80M
YoY Change 18.35% -4.39%
Deferred Revenue $4.172M $2.960M
YoY Change 40.95% -4.45%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change
Total Short-Term Liabilities $98.41M $65.34M
YoY Change 50.61% 2.41%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.811M $6.500M
YoY Change -56.75%
Total Long-Term Liabilities $2.811M $6.500M
YoY Change -56.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $98.41M $65.34M
Total Long-Term Liabilities $2.811M $6.500M
Total Liabilities $110.6M $73.96M
YoY Change 49.6% 7.74%
SHAREHOLDERS EQUITY
Retained Earnings -$112.6M -$128.0M
YoY Change -12.06% 17.77%
Common Stock $249.9M $244.6M
YoY Change 2.18% 1.97%
Preferred Stock
YoY Change
Treasury Stock (at cost) $21.63M
YoY Change
Treasury Stock Shares 1.587M shares
Shareholders Equity $106.9M $108.1M
YoY Change
Total Liabilities & Shareholders Equity $217.6M $182.1M
YoY Change 19.5% -5.72%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $5.260M -$4.200M
YoY Change -225.24% -4.55%
Depreciation, Depletion And Amortization $1.670M $1.577M
YoY Change 5.9% 35.36%
Cash From Operating Activities $25.28M $6.460M
YoY Change 291.33% -284.05%
INVESTING ACTIVITIES
Capital Expenditures -$1.070M -$1.530M
YoY Change -30.07% 7.75%
Acquisitions
YoY Change
Other Investing Activities $340.0K $15.02M
YoY Change -97.74%
Cash From Investing Activities -$730.0K $13.49M
YoY Change -105.41% -1050.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -15.04M -1.240M
YoY Change 1112.9% -1227.27%
NET CHANGE
Cash From Operating Activities 25.28M 6.460M
Cash From Investing Activities -730.0K 13.49M
Cash From Financing Activities -15.04M -1.240M
Net Change In Cash 9.510M 18.71M
YoY Change -49.17% -488.17%
FREE CASH FLOW
Cash From Operating Activities $25.28M $6.460M
Capital Expenditures -$1.070M -$1.530M
Free Cash Flow $26.35M $7.990M
YoY Change 229.79% -482.3%

Facts In Submission

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LIQUIDITY SERVICES, INC
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dei Security12b Title
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dei Trading Symbol
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2270000 USD
us-gaap Provision For Doubtful Accounts
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175000 USD
CY2020Q4 us-gaap Treasury Stock Value Acquired Cost Method
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4103000 USD
CY2020Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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1801000 USD
CY2020Q4 lqdt Common Stock Repurchased Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment And Other Net Of Tax Portion Attributable To Parent
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896000 USD
CY2020Q4 us-gaap Stockholders Equity
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115063000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
5260000 USD
CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
155000 USD
CY2021Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
3145000 USD
CY2021Q1 us-gaap Treasury Stock Value Acquired Cost Method
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12040000 USD
CY2021Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
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0 USD
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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1522000 USD
CY2021Q1 lqdt Common Stock Repurchased Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment And Other Net Of Tax Portion Attributable To Parent
CommonStockRepurchasedOtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentAndOtherNetOfTaxPortionAttributableToParent
123000 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
106938000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
9775000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3541000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3149000 USD
us-gaap Provision For Doubtful Accounts
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66000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
64000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
362000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-44000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
25000 USD
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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0 USD
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
200000 USD
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
203000 USD
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
us-gaap Increase Decrease In Accounts Receivable
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594000 USD
us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Inventories
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7517000 USD
us-gaap Increase Decrease In Inventories
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2648000 USD
lqdt Increase Decrease In Prepaid Expenses And Deferred Taxes
IncreaseDecreaseInPrepaidExpensesAndDeferredTaxes
-57000 USD
lqdt Increase Decrease In Prepaid Expenses And Deferred Taxes
IncreaseDecreaseInPrepaidExpensesAndDeferredTaxes
869000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1358000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2337000 USD
lqdt Increase Decrease In Operating Leases
IncreaseDecreaseInOperatingLeases
52000 USD
lqdt Increase Decrease In Operating Leases
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174000 USD
us-gaap Increase Decrease In Accounts Payable
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14947000 USD
us-gaap Increase Decrease In Accounts Payable
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4116000 USD
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
2003000 USD
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-10060000 USD
lqdt Increase Decrease In Profit Sharing Distributions Payable
IncreaseDecreaseInProfitSharingDistributionsPayable
0 USD
lqdt Increase Decrease In Profit Sharing Distributions Payable
IncreaseDecreaseInProfitSharingDistributionsPayable
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us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
916000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-88000 USD
lqdt Increase Decrease In Payables To Sellers
IncreaseDecreaseInPayablesToSellers
5383000 USD
lqdt Increase Decrease In Payables To Sellers
IncreaseDecreaseInPayablesToSellers
1113000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-262000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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31315000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Increase Decrease In Intangible Assets Current
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21000 USD
us-gaap Increase Decrease In Intangible Assets Current
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48000 USD
CY2021Q1 us-gaap Contract With Customer Asset Net
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500000 USD
CY2020Q3 us-gaap Contract With Customer Asset Net
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400000 USD
CY2021Q1 us-gaap Contract With Customer Liability
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4200000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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2418000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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2834000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
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35000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
36000 USD
us-gaap Proceeds From Sale And Collection Of Notes Receivable
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824000 USD
us-gaap Proceeds From Sale And Collection Of Notes Receivable
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2554000 USD
us-gaap Payments To Acquire Short Term Investments
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0 USD
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
25000000 USD
us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
0 USD
us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
45000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1580000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
19708000 USD
us-gaap Finance Lease Principal Payments
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17000 USD
us-gaap Finance Lease Principal Payments
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17000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3202000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
558000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
351000 USD
us-gaap Proceeds From Stock Options Exercised
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34000 USD
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
0 USD
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
1200000 USD
us-gaap Payments For Repurchase Of Common Stock
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16143000 USD
us-gaap Payments For Repurchase Of Common Stock
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0 USD
us-gaap Net Cash Provided By Used In Financing Activities
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-19011000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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-1741000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
853000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-511000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
11577000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
5319000 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
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
87613000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41816000 USD
us-gaap Income Taxes Paid Net
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508000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
177000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1502000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
0 USD
us-gaap Nature Of Operations
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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 power the circular economy which benefits businesses, society, and the environment through the safe and effective resale and redeployment of surplus assets; reducing waste, carbon emissions and transportation costs; and by creating markets for items that would otherwise be landfilled. The Company's marketplaces 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 and</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> provide professional buyers access to a global, organized supply of new, surplus and idle assets presented with digital images and other relevant product information. The Company's marketplaces enable 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.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 13 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 travel restrictions and the COVID-19 pandemic's impact on current and future macroeconomic conditions; 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>
lqdt Number Of Product Categories Offered
NumberOfProductCategoriesOffered
600 category
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
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 and six months ended March 31, 2021, these estimates required the Company to make assumptions about the extent and duration of travel restrictions and the impact of the COVID-19 pandemic on macroeconomic conditions and, in turn, 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>
CY2020Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
3300000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2400000 USD
CY2021Q1 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
200000 USD
CY2020Q1 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
300000 USD
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
100000 USD
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
200000 USD
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 on the Consolidated Balance Sheets. 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 in banks and cash equivalent money market funds in accounts which may at times exceed federally insured limits (FDIC and/or SIPC), and Accounts receivable. The Company deposits its Cash and acquires cash equivalent money market funds with 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 61.2% and 55.3% of consolidated Cost of goods sold for the three months ended March 31, 2021 and 2020, respectively, and 60.6% and 51.9% of consolidated Cost of goods sold for the six months ended March 31, 2021 and 2020, respectively. These contracts are included within the RSCG segment.</span></div>
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
5260000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4238000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
9775000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-9434000 USD
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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33491395 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33624889 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33332417 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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33584844 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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2068352 shares
CY2020Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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1582132 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35559747 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33624889 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34914549 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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33584844 shares
CY2021Q1 us-gaap Earnings Per Share Basic
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0.16
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.13
us-gaap Earnings Per Share Basic
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0.29
us-gaap Earnings Per Share Basic
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-0.28
CY2021Q1 us-gaap Earnings Per Share Diluted
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0.15
CY2020Q1 us-gaap Earnings Per Share Diluted
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-0.13
us-gaap Earnings Per Share Diluted
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0.28
us-gaap Earnings Per Share Diluted
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-0.28
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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367539 shares
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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5051829 shares
CY2021Q1 us-gaap Finance Lease Right Of Use Asset Amortization
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16000 USD
CY2020Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
16000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
32000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
37000 USD
CY2021Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
5000 USD
CY2020Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
5000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
10000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
12000 USD
CY2021Q1 us-gaap Operating Lease Cost
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1249000 USD
CY2020Q1 us-gaap Operating Lease Cost
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1344000 USD
us-gaap Operating Lease Cost
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2655000 USD
us-gaap Operating Lease Cost
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2680000 USD
CY2021Q1 us-gaap Operating Lease Impairment Loss
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172000 USD
CY2020Q1 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
0 USD
us-gaap Operating Lease Impairment Loss
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172000 USD
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
0 USD
CY2021Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
47000 USD
CY2020Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
23000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
121000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
44000 USD
CY2021Q1 us-gaap Variable Lease Cost
VariableLeaseCost
455000 USD
CY2020Q1 us-gaap Variable Lease Cost
VariableLeaseCost
420000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
818000 USD
us-gaap Variable Lease Cost
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751000 USD
CY2021Q1 us-gaap Sublease Income
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30000 USD
CY2020Q1 us-gaap Sublease Income
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20000 USD
us-gaap Sublease Income
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106000 USD
us-gaap Sublease Income
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139000 USD
CY2021Q1 us-gaap Lease Cost
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1914000 USD
CY2020Q1 us-gaap Lease Cost
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1788000 USD
us-gaap Lease Cost
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3702000 USD
us-gaap Lease Cost
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3385000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2511000 USD
CY2021Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
28000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
4318000 USD
CY2021Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
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55000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3406000 USD
CY2021Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
56000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2366000 USD
CY2021Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
56000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1846000 USD
CY2021Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
55000 USD
CY2021Q1 lqdt Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
822000 USD
CY2021Q1 lqdt Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
50000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due
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15269000 USD
CY2021Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
300000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1790000 USD
CY2021Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
52000 USD
CY2021Q1 us-gaap Operating Lease Liability
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13479000 USD
CY2021Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
248000 USD
CY2021Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P3Y9M18D
CY2021Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P5Y3M18D
CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.066
CY2021Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.075
us-gaap Operating Lease Payments
OperatingLeasePayments
2251000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
2506000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
17000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
17000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
885000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
12188000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
10000 USD
lqdt Noncash Adjustment To Lease Assets And Liabilities
NoncashAdjustmentToLeaseAssetsAndLiabilities
3286000 USD
lqdt Noncash Adjustment To Lease Assets And Liabilities
NoncashAdjustmentToLeaseAssetsAndLiabilities
1675000 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
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
147000 USD
CY2021Q1 us-gaap Goodwill
Goodwill
59986000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
8150000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4040000 USD
CY2021Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4110000 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
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
668000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1330000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1186000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
647000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
279000 USD
CY2021Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4110000 USD
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
300000 USD
CY2020Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
300000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
700000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
700000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.067
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.056
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
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
112437000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4238000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
32000 USD
CY2020Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
60000 USD
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1244000 USD
CY2020Q1 lqdt Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent Including Impact To Retained Earnings
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParentIncludingImpactToRetainedEarnings
-1303000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
108112000 USD
CY2021Q1 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
19100000 shares
CY2021Q1 lqdt Number Of Shares Counted For Grants Of Full Value Awards From Reserve
NumberOfSharesCountedForGrantsOfFullValueAwardsFromReserve
1.5 shares
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1865347 shares
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1522000 USD
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1244000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3323000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2366000 USD
CY2021Q1 lqdt Share Based Payment Arrangement Expense Including Liability Awards
ShareBasedPaymentArrangementExpenseIncludingLiabilityAwards
1761000 USD
CY2020Q1 lqdt Share Based Payment Arrangement Expense Including Liability Awards
ShareBasedPaymentArrangementExpenseIncludingLiabilityAwards
1231000 USD
lqdt Share Based Payment Arrangement Expense Including Liability Awards
ShareBasedPaymentArrangementExpenseIncludingLiabilityAwards
3990000 USD
lqdt Share Based Payment Arrangement Expense Including Liability Awards
ShareBasedPaymentArrangementExpenseIncludingLiabilityAwards
2270000 USD
CY2021Q1 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
40000000.0 USD
CY2020Q3 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
40000000.0 USD
CY2021Q1 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
10000000 GBP
CY2021Q1 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
94000 USD
CY2020Q1 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
109000 USD
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
201000 USD
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
217000 USD
CY2021Q1 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
198000 USD
CY2020Q1 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
204000 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
392000 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
404000 USD
CY2021Q1 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
6000 USD
CY2020Q1 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
5000 USD
us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
11000 USD
us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
10000 USD
CY2021Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-98000 USD
CY2020Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-90000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-180000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-177000 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
CY2020Q3 us-gaap Restructuring Reserve
RestructuringReserve
77000 USD
us-gaap Restructuring Charges
RestructuringCharges
5000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
82000 USD
CY2021Q1 us-gaap Restructuring Reserve
RestructuringReserve
0 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
61786000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
52824000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
117538000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
102328000 USD
CY2021Q1 us-gaap Gross Profit
GrossProfit
35401000 USD
CY2020Q1 us-gaap Gross Profit
GrossProfit
26205000 USD
us-gaap Gross Profit
GrossProfit
68580000 USD
us-gaap Gross Profit
GrossProfit
51533000 USD
CY2021Q1 us-gaap Gross Profit
GrossProfit
35401000 USD
CY2020Q1 us-gaap Gross Profit
GrossProfit
26205000 USD
us-gaap Gross Profit
GrossProfit
68580000 USD
us-gaap Gross Profit
GrossProfit
51533000 USD
CY2021Q1 us-gaap Operating Expenses
OperatingExpenses
29557000 USD
CY2020Q1 us-gaap Operating Expenses
OperatingExpenses
30669000 USD
us-gaap Operating Expenses
OperatingExpenses
58105000 USD
us-gaap Operating Expenses
OperatingExpenses
60794000 USD
CY2021Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-206000 USD
CY2020Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
12000 USD
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-210000 USD
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-181000 USD
CY2021Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
29000 USD
CY2020Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
257000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
214000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
509000 USD
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
5667000 USD
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-4195000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
10479000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-8933000 USD

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