$LQDT
LIQUIDITY SERVICES INC Stock $lqdt

$lqdt Overview Financials Valuation SEC Filings Company Website

2018 Q3 Form 10-Q Financial Statement

#000162828018010307 Filed on August 02, 2018

Income Statement

Concept	2018 Q3	2018 Q2	2017 Q2
Revenue	$52.71M	$50.57M	$50.57M
YoY Change	-14.11%	0.0%	-22.82%
Cost Of Revenue	$24.20M	$19.49M	$30.41M
YoY Change	-16.55%	-35.92%	-22.6%
Gross Profit	$24.86M	$27.14M	$27.14M
YoY Change	-10.53%	0.0%	-9.27%
Gross Profit Margin	47.16%	53.68%	53.68%
Selling, General & Admin	$34.20M	$15.23M	$41.90M
YoY Change	-18.18%	-63.64%	-5.2%
% of Gross Profit	137.59%	56.12%	154.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$1.220M	$1.020M	$1.370M
YoY Change	-22.29%	-25.55%	-15.43%
% of Gross Profit	4.91%	3.76%	5.05%
Operating Expenses	$32.70M	$29.92M	$38.68M
YoY Change	-28.76%	-22.66%	-15.55%
Operating Profit	-$7.843M	-$3.224M	-$8.762M
YoY Change	-56.71%	-63.2%	-13177.61%
Interest Expense	$0.00	$0.00	$200.0K
YoY Change	-100.0%	-100.0%	-200.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income	-$6.547M	-$3.093M	-$3.093M
YoY Change	-54.74%	0.0%	-63.92%
Income Tax	$0.00	$612.0K	$41.00K
% Of Pretax Income
Net Earnings	-$1.000M	-$3.700M	-$8.600M
YoY Change	-92.86%	-56.98%	8500.0%
Net Earnings / Revenue	-1.9%	-7.32%	-17.01%
Basic Earnings Per Share
Diluted Earnings Per Share	-$30.86K	-$115.3K	-$273.0K
COMMON SHARES
Basic Shares Outstanding	32.12M shares	32.10M shares	31.49M shares
Diluted Shares Outstanding		32.10M shares	31.49M shares

Balance Sheet

Concept	2018 Q3	2018 Q2	2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$78.40M	$93.40M	$113.9M
YoY Change	-16.86%	-18.0%	-12.32%
Cash & Equivalents	$58.45M	$83.41M	$113.9M
Short-Term Investments	$20.00M	$10.00M
Other Short-Term Assets	$7.800M	$9.100M	$9.900M
YoY Change	-34.45%	-8.08%	-48.44%
Inventory	$10.12M	$12.80M	$18.88M
Prepaid Expenses
Receivables	$4.870M	$5.856M	$11.62M
Other Receivables	$1.700M	$0.00	$400.0K
Total Short-Term Assets	$103.0M	$121.2M	$154.7M
YoY Change	-25.87%	-21.65%	-16.52%
LONG-TERM ASSETS
Property, Plant & Equipment	$16.61M	$15.95M	$16.69M
YoY Change	-1.09%	-4.42%	18.36%
Goodwill	$59.82M	$45.32M	$45.19M
YoY Change	31.79%	0.28%
Intangibles	$7.366M	$397.0K	$1.374M
YoY Change	1625.06%	-71.11%	-40.88%
Long-Term Investments
YoY Change
Other Assets	$14.12M	$13.62M	$12.61M
YoY Change	10.89%	8.03%	-57.25%
Total Long-Term Assets	$98.85M	$76.25M	$76.88M
YoY Change	29.54%	-0.82%	-30.55%
TOTAL ASSETS
Total Short-Term Assets	$103.0M	$121.2M	$154.7M
Total Long-Term Assets	$98.85M	$76.25M	$76.88M
Total Assets	$201.8M	$197.4M	$231.6M
YoY Change	-6.22%	-14.74%	-21.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$13.86M	$16.26M	$11.77M
YoY Change	5.8%	38.21%	-69.83%
Accrued Expenses	$21.40M	$18.20M	$31.70M
YoY Change	-29.14%	-42.59%	-10.45%
Deferred Revenue	$2.142M
YoY Change
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	$68.47M	$65.63M	$77.37M
YoY Change	-3.23%	-15.17%	3.99%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$0.00	$0.00	$0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities	$68.47M	$65.63M	$77.37M
Total Long-Term Liabilities	$0.00	$0.00	$0.00
Total Liabilities	$72.18M	$72.12M	$88.01M
YoY Change	-12.61%	-18.06%	12.98%
SHAREHOLDERS EQUITY
Retained Earnings	-$100.0M	-$98.84M	-$74.26M
YoY Change	13.4%	33.1%
Common Stock	$236.1M	$231.4M	$226.5M
YoY Change	3.9%	2.17%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$129.7M	$125.3M	$143.6M
YoY Change
Total Liabilities & Shareholders Equity	$201.8M	$197.4M	$231.6M
YoY Change	-6.22%	-14.74%	-21.77%

Cashflow Statement

Concept	2018 Q3	2018 Q2	2017 Q2
OPERATING ACTIVITIES
Net Income	-$1.000M	-$3.700M	-$8.600M
YoY Change	-92.86%	-56.98%	8500.0%
Depreciation, Depletion And Amortization	$1.220M	$1.020M	$1.370M
YoY Change	-22.29%	-25.55%	-15.43%
Cash From Operating Activities	-$970.0K	-$4.930M	$80.00K
YoY Change	-94.42%	-6262.5%	-99.43%
INVESTING ACTIVITIES
Capital Expenditures	-$1.490M	-$1.120M	-$2.290M
YoY Change	-8.59%	-51.09%	22.46%
Acquisitions
YoY Change
Other Investing Activities	-$23.68M	-$9.830M
YoY Change
Cash From Investing Activities	-$25.16M	-$10.95M	-$2.290M
YoY Change	1443.56%	378.17%	22.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	390.0K	0.000	10.00K
YoY Change	-132.5%	-100.0%	-85.71%
NET CHANGE
Cash From Operating Activities	-970.0K	-4.930M	80.00K
Cash From Investing Activities	-25.16M	-10.95M	-2.290M
Cash From Financing Activities	390.0K	0.000	10.00K
Net Change In Cash	-25.74M	-15.88M	-2.200M
YoY Change	27.36%	621.82%	-118.12%
FREE CASH FLOW
Cash From Operating Activities	-$970.0K	-$4.930M	$80.00K
Capital Expenditures	-$1.490M	-$1.120M	-$2.290M
Free Cash Flow	$520.0K	-$3.810M	$2.370M
YoY Change	-103.3%	-260.76%	-85.01%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--09-30
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2018
	dei	Document Period End Date DocumentPeriodEndDate	2018-06-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0001235468
CY2018Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	32123193	shares
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	LIQUIDITY SERVICES INC
CY2017Q3	lqdt	Accrued Expenses And Other Current Liabilities AccruedExpensesAndOtherCurrentLiabilities	30193000	USD
CY2018Q2	lqdt	Accrued Expenses And Other Current Liabilities AccruedExpensesAndOtherCurrentLiabilities	18204000	USD
CY2017Q2	lqdt	Defined Benefit Plan Settlement Cost DefinedBenefitPlanSettlementCost	0	USD
	lqdt	Defined Benefit Plan Settlement Cost DefinedBenefitPlanSettlementCost	0	USD
CY2018Q2	lqdt	Defined Benefit Plan Settlement Cost DefinedBenefitPlanSettlementCost	0	USD
	lqdt	Defined Benefit Plan Settlement Cost DefinedBenefitPlanSettlementCost	-8000	USD
CY2018Q2	lqdt	Estimated Effective Income Tax Rate Continuing Operations EstimatedEffectiveIncomeTaxRateContinuingOperations	-0.086
CY2018Q2	lqdt	Finite Lived Intangible Assets Amortization Expense Year Five And Thereafter FiniteLivedIntangibleAssetsAmortizationExpenseYearFiveAndThereafter	172000	USD
	lqdt	Increase Decrease In Payables To Sellers IncreaseDecreaseInPayablesToSellers	-4971000	USD
	lqdt	Increase Decrease In Payables To Sellers IncreaseDecreaseInPayablesToSellers	4542000	USD
	lqdt	Increase Decrease In Prepaid Expenses And Deferred Taxes IncreaseDecreaseInPrepaidExpensesAndDeferredTaxes	-1356000	USD
	lqdt	Increase Decrease In Prepaid Expenses And Deferred Taxes IncreaseDecreaseInPrepaidExpensesAndDeferredTaxes	-197000	USD
	lqdt	Increase Decrease In Profit Sharing Distributions Payable IncreaseDecreaseInProfitSharingDistributionsPayable	8208000	USD
	lqdt	Increase Decrease In Profit Sharing Distributions Payable IncreaseDecreaseInProfitSharingDistributionsPayable	-842000	USD
CY2018Q2	lqdt	Number Of Clients NumberOfClients	10000	client
	lqdt	Number Of Product Categories Offered NumberOfProductCategoriesOffered	500
CY2017Q1	lqdt	Number Of Shares Counted For Grants Of Full Value Awards From Reserve NumberOfSharesCountedForGrantsOfFullValueAwardsFromReserve	1.5	shares
CY2017Q3	lqdt	Payables To Sellers Current PayablesToSellersCurrent	24383000	USD
CY2018Q2	lqdt	Payables To Sellers Current PayablesToSellersCurrent	28925000	USD
CY2017Q2	lqdt	Profit Sharing Distributions ProfitSharingDistributions	5189000	USD
	lqdt	Profit Sharing Distributions ProfitSharingDistributions	14697000	USD
CY2018Q2	lqdt	Profit Sharing Distributions ProfitSharingDistributions	3936000	USD
	lqdt	Profit Sharing Distributions ProfitSharingDistributions	11107000	USD
CY2017Q3	lqdt	Profit Sharing Distributions Payable ProfitSharingDistributionsPayable	3081000	USD
CY2018Q2	lqdt	Profit Sharing Distributions Payable ProfitSharingDistributionsPayable	2239000	USD
	lqdt	Reportable Segments Percentageof Revenue ReportableSegmentsPercentageofRevenue	0.98
CY2017Q2	lqdt	Sales And Marketing SalesAndMarketing	8273000	USD
	lqdt	Sales And Marketing SalesAndMarketing	27410000	USD
CY2018Q2	lqdt	Sales And Marketing SalesAndMarketing	8386000	USD
	lqdt	Sales And Marketing SalesAndMarketing	24921000	USD
CY2017Q4	lqdt	Tax Cuts And Jobs Act Of2017 Change In Tax Rate Alternative Minimum Income Tax Credit Income Tax Expense Benefit TaxCutsAndJobsActOf2017ChangeInTaxRateAlternativeMinimumIncomeTaxCreditIncomeTaxExpenseBenefit	-1700000	USD
	lqdt	Tax Cuts And Jobs Act Of2017 Change In Tax Rate Income Tax Expense Benefit TaxCutsAndJobsActOf2017ChangeInTaxRateIncomeTaxExpenseBenefit	-5200000	USD
	lqdt	Tax Cutsand Jobs Actof2017 Blended Tax Rate Percent TaxCutsandJobsActof2017BlendedTaxRatePercent	0.2453
CY2017Q4	lqdt	Tax Cutsand Jobs Actof2017 Changein Tax Rate Deferred Tax Asset Income Tax Expense Benefit TaxCutsandJobsActof2017ChangeinTaxRateDeferredTaxAssetIncomeTaxExpenseBenefit	-3500000	USD
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	lqdt	Technology And Operations Expense TechnologyAndOperationsExpense	62607000	USD
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CY2017Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	11598000	USD
CY2018Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	5856000	USD
CY2017Q3	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-6431000	USD
CY2018Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-7195000	USD
CY2017Q3	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	227264000	USD
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CY2017Q3	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	668000	USD
CY2018Q2	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	531000	USD
CY2017Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	300000	USD
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	900000	USD
CY2018Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	20000	USD
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	50000	USD
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CY2017Q3	us-gaap	Assets Current AssetsCurrent	138922000	USD
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CY2016Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	134513000	USD
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CY2017Q3	us-gaap	Commitments And Contingencies CommitmentsAndContingencies	0	USD
CY2018Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies	0	USD
CY2017Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
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CY2017Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	120000000	shares
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CY2017Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	31503349	shares
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CY2017Q3	us-gaap	Common Stock Value CommonStockValue	29000	USD
CY2018Q2	us-gaap	Common Stock Value CommonStockValue	29000	USD
CY2017Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-8291000	USD
CY2018Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	19000	USD
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CY2017Q2	us-gaap	Cost Of Goods Sold CostOfGoodsSold	30413000	USD
	us-gaap	Cost Of Goods Sold CostOfGoodsSold	97248000	USD
CY2018Q2	us-gaap	Cost Of Goods Sold CostOfGoodsSold	19489000	USD
	us-gaap	Cost Of Goods Sold CostOfGoodsSold	75847000	USD
CY2017Q2	us-gaap	Costs And Expenses CostsAndExpenses	74282000	USD
	us-gaap	Costs And Expenses CostsAndExpenses	234070000	USD
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	us-gaap	Costs And Expenses CostsAndExpenses	186981000	USD
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	0	USD
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CY2017Q3	us-gaap	Deferred Tax And Other Liabilities Noncurrent DeferredTaxAndOtherLiabilitiesNoncurrent	11837000	USD
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CY2017Q3	us-gaap	Defined Benefit Plan Funded Status Of Plan DefinedBenefitPlanFundedStatusOfPlan	1900000	USD
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CY2017Q2	us-gaap	Defined Benefit Plan Interest Cost DefinedBenefitPlanInterestCost	148000	USD
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CY2017Q2	us-gaap	Defined Benefit Plan Service Cost DefinedBenefitPlanServiceCost	0	USD
	us-gaap	Defined Benefit Plan Service Cost DefinedBenefitPlanServiceCost	0	USD
CY2018Q2	us-gaap	Defined Benefit Plan Service Cost DefinedBenefitPlanServiceCost	0	USD
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	us-gaap	Depreciation And Amortization DepreciationAndAmortization	3375000	USD
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	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-117000	USD
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	us-gaap	Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss	749000	USD
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	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	291000	USD
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	0	USD
CY2018Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	64000	USD
CY2018Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	66000	USD
CY2017Q3	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	943000	USD
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	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	489000	USD
CY2017Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	8751000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	26836000	USD
CY2018Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	6763000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	21791000	USD
CY2017Q3	us-gaap	Goodwill Goodwill	45388000	USD
CY2018Q2	us-gaap	Goodwill Goodwill	45316000	USD
	us-gaap	Goodwill Foreign Currency Translation Gain Loss GoodwillForeignCurrencyTranslationGainLoss	-72000	USD
CY2017Q2	us-gaap	Gross Profit GrossProfit	29918000	USD
	us-gaap	Gross Profit GrossProfit	96705000	USD
CY2018Q2	us-gaap	Gross Profit GrossProfit	27144000	USD
	us-gaap	Gross Profit GrossProfit	84855000	USD
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	us-gaap	Impairment Of Intangible Assets Finitelived ImpairmentOfIntangibleAssetsFinitelived	1028000	USD
	us-gaap	Impairment Of Intangible Assets Finitelived ImpairmentOfIntangibleAssetsFinitelived	0	USD
CY2017Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-8573000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-25129000	USD
CY2018Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-3093000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-14396000	USD
CY2017Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	41000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	91000	USD
CY2018Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	612000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-3824000	USD
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	-931000	USD
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	800000	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	2036000	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	3165000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	1274000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-5551000	USD
	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	-13422000	USD
	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	-12149000	USD
	us-gaap	Increase Decrease In Intangible Assets Current IncreaseDecreaseInIntangibleAssetsCurrent	78000	USD
	us-gaap	Increase Decrease In Intangible Assets Current IncreaseDecreaseInIntangibleAssetsCurrent	23000	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-633000	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-5847000	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-662000	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-664000	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-981000	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-1938000	USD
CY2017Q3	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	427000	USD
CY2018Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	397000	USD
CY2017Q2	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	189000	USD
CY2017Q3	us-gaap	Inventory Net InventoryNet	20736000	USD
CY2018Q2	us-gaap	Inventory Net InventoryNet	12797000	USD
	us-gaap	Inventory Write Down InventoryWriteDown	8101000	USD
	us-gaap	Inventory Write Down InventoryWriteDown	2092000	USD
CY2018Q2	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	47000	USD
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	776000	USD
CY2017Q3	us-gaap	Liabilities Liabilities	82593000	USD
CY2018Q2	us-gaap	Liabilities Liabilities	72119000	USD
CY2017Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	215229000	USD
CY2018Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	197440000	USD
CY2017Q3	us-gaap	Liabilities Current LiabilitiesCurrent	70756000	USD
CY2018Q2	us-gaap	Liabilities Current LiabilitiesCurrent	65632000	USD
CY2018Q2	us-gaap	Loss Contingency Estimate Of Possible Loss LossContingencyEstimateOfPossibleLoss	17000000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	93000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	12000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-6288000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-11892000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-14266000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	1592000	USD
CY2017Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-8614000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-25220000	USD
CY2018Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-3705000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-10572000	USD
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	3	reportablesegment
CY2017Q2	us-gaap	Operating Expenses OperatingExpenses	38680000	USD
	us-gaap	Operating Expenses OperatingExpenses	122125000	USD
CY2018Q2	us-gaap	Operating Expenses OperatingExpenses	30284000	USD
	us-gaap	Operating Expenses OperatingExpenses	100027000	USD
CY2017Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-8762000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-25420000	USD
CY2018Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-3140000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-15172000	USD
CY2017Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	12737000	USD
CY2018Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	13624000	USD
CY2017Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	323000	USD
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-68000	USD
CY2018Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-748000	USD
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-764000	USD
CY2017Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	323000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-68000	USD
CY2018Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-748000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-764000	USD
CY2017Q2	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-652000	USD
	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-1044000	USD
CY2018Q2	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-452000	USD
	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-2222000	USD
	us-gaap	Payments For Restructuring PaymentsForRestructuring	3523000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	6210000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	2697000	USD
	us-gaap	Payments To Acquire Short Term Investments PaymentsToAcquireShortTermInvestments	0	USD
	us-gaap	Payments To Acquire Short Term Investments PaymentsToAcquireShortTermInvestments	10000000	USD
CY2017Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	9774000	USD
CY2018Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	6857000	USD
CY2017Q3	us-gaap	Prepaid Taxes PrepaidTaxes	2466000	USD
CY2018Q2	us-gaap	Prepaid Taxes PrepaidTaxes	2267000	USD
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	0	USD
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	828000	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	93000	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	12000	USD
CY2017Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	16793000	USD
CY2018Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	15952000	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	-1000	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	191000	USD
	us-gaap	Restructuring Charges RestructuringCharges	2082000	USD
CY2017Q3	us-gaap	Restructuring Reserve RestructuringReserve	3180000	USD
CY2018Q2	us-gaap	Restructuring Reserve RestructuringReserve	1739000	USD
CY2017Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-88226000	USD
CY2018Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-98840000	USD
CY2017Q2	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	44404000	USD
	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	144799000	USD
CY2018Q2	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	32080000	USD
	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	115464000	USD
CY2017Q2	us-gaap	Sales Revenue Net SalesRevenueNet	65520000	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	208650000	USD
CY2018Q2	us-gaap	Sales Revenue Net SalesRevenueNet	50569000	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	171809000	USD
CY2017Q2	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	21116000	USD
	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	63851000	USD
CY2018Q2	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	18489000	USD
	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	56345000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	5462000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	4134000	USD
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized	3300000	shares
CY2016Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized	13000000	shares
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized	16300000	shares
CY2017Q3	us-gaap	Short Term Investments ShortTermInvestments	0	USD
CY2018Q2	us-gaap	Short Term Investments ShortTermInvestments	10000000	USD
CY2018Q2	us-gaap	Stock Repurchase Program Remaining Authorized Repurchase Amount1 StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1	10100000	USD
CY2017Q3	us-gaap	Stockholders Equity StockholdersEquity	132636000	USD
CY2018Q2	us-gaap	Stockholders Equity StockholdersEquity	125321000	USD
CY2017Q2	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
CY2017Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	31485599	shares
CY2018Q2	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	31369077	shares
CY2018Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	32104368	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	31984222	shares
CY2017Q2	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	31485599	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	31369077	shares
CY2018Q2	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	32104368	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	31984222	shares
CY2017Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	31485599	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	31369077	shares
CY2018Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	32104368	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	31984222	shares
	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Risk Associated with Certain Concentrations</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">    </font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company does not perform credit evaluations for the majority of its buyers. However, substantially all sales are recorded subsequent to payment authorization being received. As a result, the Company is not subject to significant collection risk, as most goods are not shipped before payment is received.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">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 in the consolidated financial statements. The Company releases the funds to the seller, less the Company's commission and other fees due, after the buyer has accepted the goods or within 30 days, depending on the state where the buyer and seller conduct business. The amount of cash held on behalf of the sellers is recorded within Accounts payable and Payables to sellers in the accompanying Consolidated Balance Sheets.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash in banks over FDIC limits, certificates of deposit, and accounts receivable. The Company deposits its cash with financial institutions that the Company considers to be of high credit quality.</font></div></div>
	us-gaap	Nature Of Operations NatureOfOperations	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Organization</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:46px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Liquidity Services (the “Company”) operates a network of leading ecommerce marketplaces that enable buyers and sellers to transact in an efficient, automated environment offering over </font><font style="font-family:inherit;font-size:10pt;">500</font><font style="font-family:inherit;font-size:10pt;"> product categories. The Company’s marketplaces provide professional buyers access to a global, organized supply of new, surplus, and scrap assets presented with digital images and other relevant product information. Additionally, the Company enables its 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, Return to Vendor ("RTV") and Returns Management Authorization ("RMA"), refurbishment and recycling, fulfillment, marketing and sales, warehousing and transportation, buyer support, and compliance and risk mitigation, as well as self-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, fleet and transportation equipment and specialty equipment. The Company’s marketplaces are www.liquidation.com, www.govliquidation.com, www.govdeals.com, www.networkintl.com, www.secondipity.com, www.go-dove.com, www.irondirect.com, and www.auctiondeals.com. The Company has over </font><font style="font-family:inherit;font-size:10pt;">10,000</font><font style="font-family:inherit;font-size:10pt;"> sellers, including Fortune 1000 and Global 500 organizations as well as federal, state, and local government agencies. The Company has </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> reportable segments, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), and GovDeals. See Note 13 in the Notes to the Consolidated Financial Statements for Segment Information.</font></div><div style="line-height:120%;text-indent:46px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">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, the Company's susceptibility to rapid technological change, actual and potential competition by entities with greater financial and other resources than the Company, and the potential for the U.S. Government agencies or the commercial sellers from which the Company derives a significant portion of its inventory to change the way they conduct their disposition of surplus or scrap assets or to otherwise terminate or elect not to renew their contracts with the Company. </font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has evaluated subsequent events through the date that these financial statements were issued and filed with the Securities and Exchange Commission.</font></div></div>

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$LQDT
LIQUIDITY SERVICES INC Stock $lqdt

2018 Q3 Form 10-Q Financial Statement

#000162828018010307 Filed on August 02, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LQDT LIQUIDITY SERVICES INC Stock $lqdt

2018 Q3 Form 10-Q Financial Statement

#000162828018010307 Filed on August 02, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LQDT
LIQUIDITY SERVICES INC Stock $lqdt