$LQDT
LIQUIDITY SERVICES INC

2022 Q3 Form 10-Q Financial Statement

#000123546822000085 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $75.20M $69.87M $68.28M
YoY Change 6.93% 0.29% 10.5%
Cost Of Revenue $33.75M $28.93M $28.97M
YoY Change 11.82% 1.36% 9.73%
Gross Profit $41.46M $40.93M $39.31M
YoY Change 3.48% -0.46% 11.03%
Gross Profit Margin 55.13% 58.59% 57.57%
Selling, General & Admin $31.57M $17.29M $18.33M
YoY Change 5.09% -0.28% 15.97%
% of Gross Profit 76.14% 42.24% 46.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.776M $2.641M $2.603M
YoY Change 61.11% 54.9% 55.87%
% of Gross Profit 6.7% 6.45% 6.62%
Operating Expenses $34.34M $33.74M $34.82M
YoY Change 8.98% 3.72% 17.0%
Operating Profit $7.114M $18.70M $12.98M
YoY Change -16.79% 117.54% 130.28%
Interest Expense $4.675M $11.40M $8.546M
YoY Change -8301.75% 4386.61%
% of Operating Profit 65.72% 60.96% 65.82%
Other Income/Expense, Net
YoY Change
Pretax Income $11.42M $18.59M $13.03M
YoY Change 38.37% 110.12% 129.91%
Income Tax $3.075M $2.183M $1.059M
% Of Pretax Income 26.93% 11.74% 8.13%
Net Earnings $8.345M $16.41M $11.97M
YoY Change -74.52% 94.89% 127.57%
Net Earnings / Revenue 11.1% 23.48% 17.53%
Basic Earnings Per Share $0.51 $0.37
Diluted Earnings Per Share $254.1K $0.50 $0.35
COMMON SHARES
Basic Shares Outstanding 35.58M shares 31.91M shares 32.56M shares
Diluted Shares Outstanding 33.08M shares 34.00M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $97.94M $88.29M $84.26M
YoY Change -7.89% -21.64% -3.81%
Cash & Equivalents $96.12M $88.29M $84.26M
Short-Term Investments $1.819M
Other Short-Term Assets $7.582M $8.672M $7.423M
YoY Change 15.35% 20.95% -6.04%
Inventory $11.68M $14.36M $13.08M
Prepaid Expenses
Receivables $11.79M $8.127M $6.606M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $129.6M $120.3M $112.2M
YoY Change -1.71% -13.74% -2.38%
LONG-TERM ASSETS
Property, Plant & Equipment $19.09M $19.03M $18.24M
YoY Change 8.28% 11.89% 5.2%
Goodwill $88.91M $89.25M $89.69M
YoY Change 48.5% 48.69% 49.52%
Intangibles $16.23M $17.24M $18.21M
YoY Change 370.14% 356.37% 343.04%
Long-Term Investments
YoY Change
Other Assets $7.437M $5.872M $5.911M
YoY Change 35.84% 10.27% -24.87%
Total Long-Term Assets $158.5M $162.5M $164.6M
YoY Change 28.11% 64.28% 60.35%
TOTAL ASSETS
Total Short-Term Assets $129.6M $120.3M $112.2M
Total Long-Term Assets $158.5M $162.5M $164.6M
Total Assets $288.1M $282.8M $276.8M
YoY Change 12.73% 18.63% 27.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $41.98M $47.21M $41.03M
YoY Change 3.38% 18.76% 11.18%
Accrued Expenses $27.84M $29.44M $42.25M
YoY Change -7.88% 11.92% 63.77%
Deferred Revenue $4.439M $4.920M $5.067M
YoY Change -4.0% 8.92% 21.45%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $0.00
YoY Change
Total Short-Term Liabilities $123.5M $126.9M $132.6M
YoY Change 13.13% 15.36% 34.72%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $378.0K $414.0K $413.0K
YoY Change -70.7% -86.07% -85.31%
Total Long-Term Liabilities $378.0K $414.0K $413.0K
YoY Change -70.7% -86.07% -85.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $123.5M $126.9M $132.6M
Total Long-Term Liabilities $378.0K $414.0K $413.0K
Total Liabilities $133.6M $138.1M $143.8M
YoY Change 10.79% 13.38% 29.99%
SHAREHOLDERS EQUITY
Retained Earnings -$30.94M -$39.28M -$55.69M
YoY Change -56.67% -62.28% -50.53%
Common Stock $258.3M $256.6M $254.7M
YoY Change 2.48% 2.2% 1.93%
Preferred Stock
YoY Change
Treasury Stock (at cost) $62.55M $62.18M $56.73M
YoY Change 70.78% 187.48% 162.28%
Treasury Stock Shares 3.794M shares 3.386M shares
Shareholders Equity $154.5M $144.7M $133.0M
YoY Change
Total Liabilities & Shareholders Equity $288.1M $282.8M $276.8M
YoY Change 12.73% 18.63% 27.22%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $8.345M $16.41M $11.97M
YoY Change -74.52% 94.89% 127.57%
Depreciation, Depletion And Amortization $2.776M $2.641M $2.603M
YoY Change 61.11% 54.9% 55.87%
Cash From Operating Activities $13.70M $16.51M $12.76M
YoY Change 22.88% -28.06% -49.54%
INVESTING ACTIVITIES
Capital Expenditures -$1.810M -$2.731M -$1.615M
YoY Change -6.75% 155.0% 50.93%
Acquisitions
YoY Change
Other Investing Activities -$1.841M $25.00K -$91.00K
YoY Change -5075.68% -99.3% -126.76%
Cash From Investing Activities -$3.651M -$2.706M -$1.706M
YoY Change 91.75% -209.11% 133.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -929.0K -9.065M -18.11M
YoY Change -93.92% 2418.06% 20.4%
NET CHANGE
Cash From Operating Activities 13.70M 16.51M 12.76M
Cash From Investing Activities -3.651M -2.706M -1.706M
Cash From Financing Activities -929.0K -9.065M -18.11M
Net Change In Cash 9.116M 4.739M -7.058M
YoY Change -250.85% -81.1% -174.22%
FREE CASH FLOW
Cash From Operating Activities $13.70M $16.51M $12.76M
Capital Expenditures -$1.810M -$2.731M -$1.615M
Free Cash Flow $15.51M $19.24M $14.37M
YoY Change 18.48% -19.9% -45.46%

Facts In Submission

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EntityCentralIndexKey
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dei Amendment Flag
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dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
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dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Document Fiscal Period Focus
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dei Document Type
DocumentType
10-Q
dei Entity Current Reporting Status
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dei Document Quarterly Report
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dei Document Period End Date
DocumentPeriodEndDate
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dei Document Transition Report
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dei Entity File Number
EntityFileNumber
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dei Entity Registrant Name
EntityRegistrantName
LIQUIDITY SERVICES, INC
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
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dei Entity Address Address Line1
EntityAddressAddressLine1
6931 Arlington Road
dei Entity Address Address Line2
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dei Entity Address City Or Town
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dei Entity Address State Or Province
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dei Entity Address Postal Zip Code
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dei City Area Code
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dei Local Phone Number
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dei Security12b Title
Security12bTitle
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dei Trading Symbol
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NetIncomeLoss
16408000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
8419000 usd
us-gaap Net Income Loss
NetIncomeLoss
31979000 usd
us-gaap Net Income Loss
NetIncomeLoss
18193000 usd
CY2022Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-1170000 usd
CY2021Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
23000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-1470000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
1042000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1170000 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
8442000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
23000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1470000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1042000 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
15238000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
30509000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
19235000 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
135015000 usd
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
3602000 usd
CY2021Q4 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1000 usd
CY2021Q4 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
851000 usd
CY2021Q4 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
2963000 usd
CY2021Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
0 usd
CY2021Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2270000 usd
CY2021Q4 lqdt Common Stock Repurchased Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment And Other Net Of Tax Portion Attributable To Parent
CommonStockRepurchasedOtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentAndOtherNetOfTaxPortionAttributableToParent
5000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
137079000 usd
us-gaap Inventory Write Down
InventoryWriteDown
0 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
11970000 usd
CY2022Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
958000 usd
CY2022Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
17035000 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2102000 usd
CY2022Q1 lqdt Common Stock Repurchased Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment And Other Net Of Tax Portion Attributable To Parent
CommonStockRepurchasedOtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentAndOtherNetOfTaxPortionAttributableToParent
-169000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
132989000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
16408000 usd
CY2022Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
92000 usd
CY2022Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
5450000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1984000 usd
CY2022Q2 lqdt Common Stock Repurchased Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment And Other Net Of Tax Portion Attributable To Parent
CommonStockRepurchasedOtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentAndOtherNetOfTaxPortionAttributableToParent
-1170000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
144669000 usd
us-gaap Net Income Loss
NetIncomeLoss
31979000 usd
us-gaap Net Income Loss
NetIncomeLoss
18193000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7546000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5246000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
6156000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
5793000 usd
us-gaap Inventory Write Down
InventoryWriteDown
98000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
68000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
269000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
3410000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
96000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
29000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-87000 usd
us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
240000 usd
us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
0 usd
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
31000 usd
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
1338000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
20000000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
0 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2215000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
420000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1985000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
8192000 usd
lqdt Increase Decrease In Prepaid Expenses And Deferred Taxes
IncreaseDecreaseInPrepaidExpensesAndDeferredTaxes
-224000 usd
lqdt Increase Decrease In Prepaid Expenses And Deferred Taxes
IncreaseDecreaseInPrepaidExpensesAndDeferredTaxes
-57000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2788000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2477000 usd
lqdt Increase Decrease In Operating Leases
IncreaseDecreaseInOperatingLeases
-451000 usd
lqdt Increase Decrease In Operating Leases
IncreaseDecreaseInOperatingLeases
-5000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
6635000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
17791000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-5955000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
2242000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
296000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
1262000 usd
lqdt Increase Decrease In Payables To Sellers
IncreaseDecreaseInPayablesToSellers
8233000 usd
lqdt Increase Decrease In Payables To Sellers
IncreaseDecreaseInPayablesToSellers
13256000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-778000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-275000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
31137000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
54271000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
11164000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6292000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3488000 usd
us-gaap Increase Decrease In Intangible Assets Current
IncreaseDecreaseInIntangibleAssetsCurrent
19000 usd
us-gaap Increase Decrease In Intangible Assets Current
IncreaseDecreaseInIntangibleAssetsCurrent
23000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
42000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
68000 usd
us-gaap Proceeds From Sale And Collection Of Notes Receivable
ProceedsFromSaleAndCollectionOfNotesReceivable
0 usd
us-gaap Proceeds From Sale And Collection Of Notes Receivable
ProceedsFromSaleAndCollectionOfNotesReceivable
4343000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-17433000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
900000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
75000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
35000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
91000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1901000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3545000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
353000 usd
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
3500000 usd
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
0 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
25447000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
16143000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-31014000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-19370000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-739000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
829000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-18049000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
36630000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
106335000 usd
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
76036000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
88286000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
112666000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
592000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
907000 usd
lqdt Earnout Liability For Acquisition Activity
EarnoutLiabilityForAcquisitionActivity
4500000 usd
lqdt Earnout Liability For Acquisition Activity
EarnoutLiabilityForAcquisitionActivity
0 usd
lqdt Common Stock Surrendered In The Exercise Of Stock Options Non Cash
CommonStockSurrenderedInTheExerciseOfStockOptionsNonCash
100000 usd
lqdt Common Stock Surrendered In The Exercise Of Stock Options Non Cash
CommonStockSurrenderedInTheExerciseOfStockOptionsNonCash
1502000 usd
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) is a leading global commerce company providing trusted marketplace platforms that power the circular economy. We create a better future for organizations, individuals, and the planet by capturing and unleashing the intrinsic value of surplus. We connect millions of buyers and thousands of sellers through our leading auction marketplaces, search engines, asset management software, and related services. Our comprehensive solutions enable the transparent, efficient, sustainable recovery of value from excess items owned by business and government sellers. </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%">Results from our operations are organized into four reportable segments: Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), GovDeals, and Machinio. See Note 14 - </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Segment Information</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for more 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%">We were incorporated in Delaware in November 1999 as Liquidation.com, Inc. and commenced operations in early 2000.</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%">On November 1, 2021, the Company purchased all of the issued and outstanding shares of stock of Bid4Assets, Inc. (Bid4Assets), a Maryland corporation based in Silver Spring, MD. Bid4Assets auctions distressed real estate for the federal government, sheriffs, county tax-collectors, financial institutions and real estate funds. See Note 3 - </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Bid4Assets Acquisition</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for more information regarding this transaction.</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 any future economic impact from the COVID-19 pandemic, inflationary pressures, and impacts from interest rate changes; 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>
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 condensed consolidated financial statements and accompanying notes. For the three and nine months ended June 30, 2022, these estimates required the Company to make assumptions about the extent and duration of restrictions on cross-border transactions 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>
CY2022Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
900000 usd
CY2021Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
600000 usd
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
4900000 usd
CY2021Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
4600000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
4300000 usd
CY2022Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2022Q2 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
300000 usd
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
800000 usd
CY2021Q2 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
200000 usd
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
500000 usd
CY2021Q2 us-gaap Gain Loss On Sale Of Notes Receivable
GainLossOnSaleOfNotesReceivable
-1100000 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 Condensed Consolidated Balance Sheets. The Company releases the funds to the seller, less the Company's commission and other fees due, 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 within interest bearing and earnings allowance checking accounts, as well as cash equivalent money market funds, all of which may at times exceed federally insured limits (FDIC and/or SIPC), and Accounts receivable. The Company deposits its cash in interest bearing checking accounts, or acquires cash equivalent money market funds, each with financial institutions that the Company considers to be of high credit quality. </span></div>Additionally, the Company has multiple vendor contracts with Amazon.com, Inc. under which the Company acquires and sells commercial merchandise. The property purchased under these contracts with Amazon.com, Inc. represented 61.1% and 63.5% of consolidated Cost of goods sold for the three months ended June 30, 2022, and 2021, respectively, and 57.7% and 61.7% of consolidated Cost of goods sold for the nine months ended June 30, 2022, and 2021, respectively. These contracts are included within the RSCG reportable segment.
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.059
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2065855 shares
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
16408000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
8419000 usd
us-gaap Net Income Loss
NetIncomeLoss
31979000 usd
us-gaap Net Income Loss
NetIncomeLoss
18193000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31908864 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33371906 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32482326 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33345580 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1169704 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1530907 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1661318 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33078568 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35437761 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34013233 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35006898 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.51
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.25
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.98
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.55
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.50
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.94
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.52
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1303147 shares
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
198308 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1290073 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
592588 shares
CY2022Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
19000 usd
CY2021Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
18000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
61000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
50000 usd
CY2022Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
5000 usd
CY2021Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
4000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
15000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
14000 usd
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
1406000 usd
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
1218000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
4318000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
3873000 usd
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ShortTermLeaseCost
45000 usd
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ShortTermLeaseCost
218000 usd
us-gaap Short Term Lease Cost
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166000 usd
CY2022Q2 us-gaap Variable Lease Cost
VariableLeaseCost
405000 usd
CY2021Q2 us-gaap Variable Lease Cost
VariableLeaseCost
360000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
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VariableLeaseCost
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CY2022Q2 us-gaap Sublease Income
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22000 usd
CY2021Q2 us-gaap Sublease Income
SubleaseIncome
34000 usd
us-gaap Sublease Income
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90000 usd
us-gaap Sublease Income
SubleaseIncome
141000 usd
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0 shares
CY2022Q2 us-gaap Lease Cost
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1914000 usd
CY2021Q2 us-gaap Lease Cost
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us-gaap Lease Cost
LeaseCost
5480000 usd
us-gaap Lease Cost
LeaseCost
5312000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1408000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
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29000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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5293000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
117000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4392000 usd
CY2022Q2 us-gaap Stock Redeemed Or Called During Period Shares
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CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3600000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
69000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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2139000 usd
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FinanceLeaseLiabilityPaymentsDueYearFour
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CY2022Q2 lqdt Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
396000 usd
CY2022Q2 lqdt Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
12000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
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FinanceLeaseLiabilityPaymentsDue
390000 usd
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39000 usd
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P3Y6M
CY2022Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.055
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us-gaap Operating Lease Payments
OperatingLeasePayments
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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885000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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179000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
130000 usd
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NoncashAdjustmentToLeaseAssetsAndLiabilities
-196000 usd
lqdt Noncash Adjustment To Lease Assets And Liabilities
NoncashAdjustmentToLeaseAssetsAndLiabilities
3705000 usd
CY2020Q3 us-gaap Goodwill
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59839000 usd
CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
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33000 usd
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82612 shares
CY2021Q3 us-gaap Goodwill
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59872000 usd
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29960000 usd
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GoodwillForeignCurrencyTranslationGainLoss
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CY2022Q2 us-gaap Goodwill
Goodwill
89247000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
24679000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
7443000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
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17236000 usd
CY2021Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
8160000 usd
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4707000 usd
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3453000 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
16500000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
983000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
3792000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
3255000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2014000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
7192000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
17236000 usd
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1000000 usd
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
300000 usd
us-gaap Amortization Of Intangible Assets
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2700000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1000000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
11.7
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
111815000 usd
CY2020Q4 us-gaap Net Income Loss
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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
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57000 usd
CY2020Q4 us-gaap Treasury Stock Value Acquired Cost Method
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4103000 usd
CY2020Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
0 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 Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent Including Impact To Retained Earnings
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParentIncludingImpactToRetainedEarnings
896000 usd
CY2020Q4 us-gaap Stockholders Equity
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115063000 usd
CY2021Q1 us-gaap Net Income Loss
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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
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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
StockIssuedDuringPeriodValueStockOptionsExercised
0 usd
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2021Q1 lqdt Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent Including Impact To Retained Earnings
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123000 usd
CY2021Q1 us-gaap Stockholders Equity
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106938000 usd
CY2021Q2 us-gaap Net Income Loss
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8419000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2021Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
343000 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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1525000 usd
CY2021Q2 lqdt Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent Including Impact To Retained Earnings
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22000 usd
CY2021Q2 us-gaap Stockholders Equity
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116561000 usd
CY2022Q1 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
19100000 shares
CY2022Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
20300000 shares
CY2022Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
20300000 shares
CY2022Q2 lqdt Number Of Shares Counted For Grants Of Full Value Awards From Reserve
NumberOfSharesCountedForGrantsOfFullValueAwardsFromReserve
1.5 shares
CY2022Q2 lqdt Share Based Payment Arrangement Expense Including Liability Awards
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1884000 usd
CY2021Q2 lqdt Share Based Payment Arrangement Expense Including Liability Awards
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1803000 usd
lqdt Share Based Payment Arrangement Expense Including Liability Awards
ShareBasedPaymentArrangementExpenseIncludingLiabilityAwards
6156000 usd
lqdt Share Based Payment Arrangement Expense Including Liability Awards
ShareBasedPaymentArrangementExpenseIncludingLiabilityAwards
5793000 usd
lqdt Share Based Compensation Arrangement By Share Based Payment Award Share Price Term Of Average Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharePriceTermOfAveragePrice
P20D
CY2021Q3 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
0 shares
CY2022Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
12000000 usd
CY2022Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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6600000 usd
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
686000 usd
CY2022Q2 lqdt Business Combination Earn Out Consideration
BusinessCombinationEarnOutConsideration
4500000 usd
CY2022Q2 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
10000000 gbp
CY2022Q2 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
122000 usd
CY2021Q2 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
142000 usd
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
384000 usd
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
343000 usd
CY2022Q2 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
219000 usd
CY2021Q2 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
245000 usd
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
637000 usd
CY2022Q2 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
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5000 usd
CY2021Q2 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
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6000 usd
us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
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15000 usd
us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
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17000 usd
CY2022Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-92000 usd
CY2021Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-97000 usd
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-287000 usd
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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-277000 usd
us-gaap Number Of Reportable Segments
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4 segment
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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69866000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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69666000 usd
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204848000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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187204000 usd
CY2022Q2 us-gaap Gross Profit
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40934000 usd
CY2021Q2 us-gaap Gross Profit
GrossProfit
41123000 usd
us-gaap Gross Profit
GrossProfit
119186000 usd
us-gaap Gross Profit
GrossProfit
109703000 usd
CY2022Q2 us-gaap Gross Profit
GrossProfit
40934000 usd
CY2021Q2 us-gaap Gross Profit
GrossProfit
41123000 usd
us-gaap Gross Profit
GrossProfit
119186000 usd
us-gaap Gross Profit
GrossProfit
109703000 usd
CY2022Q2 us-gaap Operating Expenses
OperatingExpenses
33739000 usd
CY2021Q2 us-gaap Operating Expenses
OperatingExpenses
32529000 usd
us-gaap Operating Expenses
OperatingExpenses
103026000 usd
us-gaap Operating Expenses
OperatingExpenses
90845000 usd
CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
11500000 usd
CY2021Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
0 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
20000000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
0 usd
CY2022Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-104000 usd
CY2021Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
254000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
73000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
468000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
18591000 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
8848000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
36233000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
19326000 usd

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