Lumber Liquidators 2009 Annual Report Download - page 17

any costs arising from such laws and regulations will not have a material adverse effect on our financial condition or results of
operations. However, there can be no assurance that such laws will not become more stringent in the future or that we will not
incur costs in the future in order to comply with such laws.
Available Information
We maintain a website at www.lumberliquidators.com. The information on or available through our website is not, and
should not be considered, a part of this report. You may access our annual reports on Form 10-K, quarterly reports on
Form 10-Q, current reports on Form 8-K and amendments to those reports, as well as other reports relating to us that are filed
with or furnished to the Securities and Exchange Commission (or “SEC”) free of charge at our website as soon as reasonably
practicable after such material is electronically filed with, or furnished to, the SEC. In addition, you may read and copy any
materials we file with the SEC at the SEC’s Public Reference Room at 450 Fifth Street, N.W., Washington, DC 20549.
Information on the operation of the Public Reference Room may be obtained by calling the SEC at 1-800-SEC-0330. The
SEC also maintains an Internet site, www.sec.gov, which contains reports, proxy and information statements, and other
information that we file electronically with the SEC.
Item 1A. Risk Factors.
Cautionary Note Regarding Forward-Looking Statements
This report includes statements of our expectations, intentions, plans and beliefs that constitute “forward-looking
statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act
of 1934 and are intended to come within the safe harbor protection provided by those sections. These statements, which
involve risks and uncertainties, relate to matters such as sales growth, comparable store net sales, impact of cannibalization,
price changes, earnings performance, stock-based compensation expense, margins, return on invested capital, strategic
direction, the demand for our products and store openings. We have used words such as “may,” “will,” “should,” “expects,”
“intends,” “plans,” “anticipates,” “believes,” “thinks,” “estimates,” “seeks,” “predicts,” “could,” “projects,” “potential” and
other similar terms and phrases, including references to assumptions, in this report to identify forward-looking statements.
These forward-looking statements are made based on expectations and beliefs concerning future events affecting us and are
subject to uncertainties, risks and factors relating to our operations and business environments, all of which are difficult to
predict and many of which are beyond our control, that could cause our actual results to differ materially from those matters
expressed or implied by these forward-looking statements. These risks and other factors include those listed in this Item 1A.
“Risk Factors,” and elsewhere in this report.
When considering these forward-looking statements, you should keep in mind the cautionary statements in this report
and the documents incorporated by reference. New risks and uncertainties arise from time to time, and we cannot predict
those events or how they may affect us. There may also be other factors that we cannot anticipate or that are not described in
this report that could cause results to differ materially from our expectations. Forward-looking statements speak only as of
the date they are made and we assume no obligation to update them after the date of this report as a result of new
information, future events or subsequent developments, except as required by the federal securities laws.
Risks Related to Our Business and Industry
Deterioration in economic conditions may adversely impact demand for our products, reduce access to credit and cause
our customers and others with which we do business to suffer financial hardship, all of which could adversely impact our
business, results of operations, financial condition and cash flows.
Our business, financial condition and results of operations have and may continue to be affected by various economic
factors. Deterioration in the current economic environment could lead to reduced consumer and business spending, including
by our customers. It may also cause customers to shift their spending to products we either do not sell or do not sell as
profitably. Further, reduced access to credit has and may continue to adversely affect the ability of consumers to purchase our
products. This potential reduction in access to credit may include our ability to offer customers credit card financing through
third-party credit providers on terms similar to those offered previously, or at all. In addition, economic conditions, including
decreased access to credit, may result in financial difficulties leading to restructurings, bankruptcies, liquidations and other
unfavorable events for our customers, suppliers and other service providers. If such conditions continue or further deteriorate
in 2010, our industry, business and results of operations may be severely impacted.
11