2.4.0.81010 - Disclosure - NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIEStruefalsefalse1false falsefalseD-Jul1_2012-Jun30_2013http://www.sec.gov/CIK0000878726duration2012-07-01T00:00:002013-06-30T00:00:001true 1us-gaap_AccountingPoliciesAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES2false 2us-gaap_OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1falsefalsefalse00 <div> TUESDAY MORNING CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (1) NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES We operated 828 discount retail stores in 43 states as of June 30, 2013 (852 and 861 stores at June 30, 2012 and 2011, respectively). We sell upscale, decorative home accessories, housewares, and famous maker gifts which we purchase at below wholesale prices. Our stores have periodic advertised events that occur in each month. Our stores are normally closed for, on average, 48 hours during the months of January and July as we conduct physical inventories at all of our stores. (a)              Basis of Presentation —The accompanying consolidated financial statements include the accounts of Tuesday Morning Corporation, a Delaware corporation, and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. We operate our business as a single operating segment. (b)              Cash and Cash Equivalents —Cash and cash equivalents are comprised of credit card receivables and all highly liquid instruments with original maturities of three months or less. Cash equivalents are carried at cost, which approximates fair value. At June 30, 2013 and 2012, credit card receivables from third party consumer credit card providers were $7.4 million and $8.8 million, respectively. (c)              Inventories —Inventories, consisting of finished goods, are stated at the lower of cost or market using the retail inventory method for store inventory and the specific identification method for warehouse inventory. Amounts are removed from inventory based on the retail inventory method which applies a cost-to-retail ratio to our various retail deductions (sales, markdowns, shrink, etc.) to arrive at cost of sales. Buying, distribution, freight costs and certain other expenses are capitalized as part of inventory and are charged to cost of sales as the related inventory is sold. These capitalized expenses included in ending inventory totaled $24.3 million and $31.8 million at June 30, 2013 and 2012, respectively. We charged $79.1 million, $67.3 million, and $68.0 million, of such capitalized inventory costs to cost of sales for the fiscal years ended June 30, 2013, 2012, and 2011, respectively. In the second quarter of fiscal 2013 we made a strategic decision to accelerate the sell off of certain inventory by the end of the 2013 calendar year.  In connection with this decision, we recorded a pre-tax $41.8 million inventory write-down in cost of sales. We conduct semi-annual physical inventories to measure quantities on-hand and make appropriate adjustments to our financial statements. During periods for which physical observations do not occur, we utilize an estimate for recording shrinkage reserves, based on past historical trends of physical inventory results. These shrinkage reserves may require a favorable or unfavorable adjustment to actual results to the extent our subsequent actual physical inventories yield a different result. We use markdowns to promote the effective and timely sale of merchandise. Temporary markdowns are for a designated period of time with markdowns recorded based on quantities sold during the period. Permanent markdowns vary in timing throughout the year, but are charged to cost of sales immediately based on total quantities on-hand in the stores. We review our inventory during and at the end of each quarterly period to ensure all necessary pricing actions are taken to adequately value our inventory at the lower of cost or market. These actions which involve actual or planned permanent markdowns are considered by management to be the appropriate prices to stimulate demand for the merchandise. Actual required permanent markdowns could differ materially from management's initial estimates based on future customer demand or economic conditions. (d)              Property and Equipment— Property and equipment are stated at cost. Buildings, furniture, fixtures, leasehold improvements and equipment are depreciated on a straight-line basis over the estimated useful lives of the assets as follows:<a name="FIS_UNIDENTIFIED_TABLE_15"></a> <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt; width:258.75pt"> <tr style="height:12.75pt"> <td colspan="3" style="vertical-align:bottom"> Estimated Useful Lives </td> </tr> <tr style="height:12pt"> <td colspan="3" style="vertical-align:middle">   </td> </tr> <tr style="height:12.75pt"> <td style="background-color:#c6d9f1; vertical-align:bottom"> Buildings </td> <td style="background-color:#c6d9f1; vertical-align:middle">   </td> <td style="background-color:#c6d9f1; vertical-align:bottom"> 30 years </td> </tr> <tr style="height:12.75pt"> <td style="background-color:#ffffff; vertical-align:bottom"> Furniture and fixtures </td> <td style="background-color:#ffffff; vertical-align:middle">   </td> <td style="background-color:#ffffff; vertical-align:bottom"> 3 to 7 years </td> </tr> <tr style="height:25.5pt"> <td style="background-color:#c6d9f1; vertical-align:bottom"> Leasehold improvements </td> <td style="background-color:#c6d9f1; vertical-align:middle">   </td> <td style="background-color:#c6d9f1; vertical-align:bottom"> Shorter of lease life or life of improvement </td> </tr> <tr style="height:12.75pt"> <td style="background-color:#ffffff; vertical-align:bottom"> Equipment </td> <td style="background-color:#ffffff; vertical-align:middle">   </td> <td style="background-color:#ffffff; vertical-align:bottom"> 5 to 10 years </td> </tr></table> Upon sale or retirement of an asset, the related cost and accumulated depreciation are removed from our accounts and any gain or loss is recognized in the statement of operations. Expenditures for maintenance, minor renewals and repairs are expensed as incurred, while major replacements and improvements are capitalized.  For the fiscal year ended June 30, 2013 we disposed of assets with a net book value of approximately $6.2 million related to the upgrading of our point of sale hardware, our planning and allocation system and the disposal of software associated with discontinuing our e-commerce platform, which is presented in other (expense) income on the Consolidated Statement of Operations. (e)              Deferred Financing Costs —Deferred financing costs represent fees paid in connection with obtaining bank and other long-term financing. These fees are amortized over the term of the related financing using the effective interest method. (f)              Income Taxes —Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using statutory tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the date of enactment. We file our annual federal income tax return on a consolidated basis. Furthermore, we recognize uncertain tax positions when we have determined it is more likely than not that a tax position will be sustained upon examination. However, new information may become available or applicable laws or regulations may change thereby resulting in a favorable or unfavorable adjustment to amounts recorded. (g)              Self Insurance Reserves —We use a combination of insurance and self-insurance plans to provide for the potential liabilities associated with workers' compensation, general liability, property insurance, director and officers' liability insurance, vehicle liability and employee health care benefits. Our stop loss limits per claim are $500,000 for workers' compensation, $250,000 for general liability, and $150,000 for medical. Liabilities associated with the risks that are retained by us are estimated, in part, by historical claims experience, severity factors and the use of loss development factors. The insurance liabilities we record are primarily influenced by changes in payroll expense, sales, number of vehicles, and the frequency and severity of claims; and include a reserve for claims incurred but not yet reported.  Our estimated reserves may be materially different from our future actual claim costs, and, when required adjustments to our estimate reserves are identified, the liability will be adjusted accordingly in that period.  Our self-insurance reserves for workers' compensation, general liability and medical were $6.0 million, $2.6 million, and $0.8 million, respectively, at June 30, 2013; $5.9 million, $3.0 million, and $0.9 million, respectively, at June 30, 2012; and $6.9 million, $2.6 million, and $1.3 million, respectively, at June 30, 2011. We recognize insurance expenses based on the date of an occurrence of a loss including the actual and estimated ultimate costs of our claims. Claims are paid from our reserves and our current period insurance expense is adjusted for the difference in prior period recorded reserves and actual payments. Current period insurance expenses also include the amortization of our premiums paid to our insurance carriers. Expenses for workers' compensation, general liability and medical insurance were $4.0 million, $2.1 million and $8.5 million, respectively, for the fiscal year ended June 30, 2013; $3.4 million, $2.8 million and $9.5 million, respectively, for the fiscal year ended June 30, 2012; and $1.7 million, $3.2 million and $9.1 million, respectively, for the fiscal year ended June 30, 2011.   (h)              Revenue Recognition —Sales are recorded at the point of sale and conveyance of merchandise to customers. Sales are net of returns and exclude sales tax.   (i)              Advertising —Costs for direct mail, television, radio, newspaper, and other media are expensed as the advertised events take place. Advertising expenses for the fiscal years ended June 30, 2013, 2012, and 2011 were $27.5 million., $28.9 million, and $28.1 million, respectively. We do not receive money from vendors to support our advertising expenditures.  As of June 30, 2013, there was prepaid advertising of $121,000 compared to prepaid advertising of $315,000 at June 30, 2012.   (j)              Use of Estimates —The preparation of the consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of net sales and expenses during the reporting period. Actual results could differ from those estimates.   (k)              Financial Instruments —The fair value of financial instruments is determined by reference to various market data and other valuation techniques as appropriate. The only financial instruments we carry are our revolving credit facility and foreign currency exchange contracts for merchandise purchases denominated in foreign currency. We enter into foreign currency forward exchange contracts with a major financial institution that participates in our revolving credit facility to manage and reduce the impact of fluctuations in foreign currency exchange rates on certain contractual merchandise purchases with international vendors between the order and payment dates, which generally approximate 2 to 6 months. We do not utilize derivative financial instruments for trading or speculative purposes. We account for our foreign currency forward contracts as cash flow hedges in accordance with generally accepted accounting principles of the United States. Changes in the fair value of the contracts that are considered to be effective are recorded in other comprehensive income (loss) until the hedged item is recorded in earnings. Effective cash flow hedges are reclassified out of other comprehensive income (loss) and into cost of sales when the hedged inventory is sold. The ineffective portion of cash flow hedges are recorded in other income or loss and were not material for the periods presented. The effect of foreign exchange contracts on our financial position or results of operations historically and for the periods presented is and has been immaterial.   (l)              Share-Based Compensation —We recognized share-based compensation costs under the requirements of U.S. generally accepted accounting principles as follows (in thousands): <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt; width:381.75pt"> <tr style="height:21pt"> <td style="vertical-align:middle">   </td> <td style="vertical-align:middle">   </td> <td style="vertical-align:middle">   </td> <td style="vertical-align:middle">   </td> <td colspan="8" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; vertical-align:bottom"> Fiscal Years Ended June 30, </td> <td style="vertical-align:middle">   </td> </tr> <tr style="height:12.75pt"> <td style="vertical-align:middle">   </td> <td style="vertical-align:middle">   </td> <td style="vertical-align:middle">   </td> <td style="vertical-align:middle">   </td> <td colspan="2" style="vertical-align:bottom"> 2013 </td> <td style="vertical-align:middle">   </td> <td colspan="2" style="vertical-align:bottom"> 2012 </td> <td style="vertical-align:middle">   </td> <td colspan="2" style="vertical-align:bottom"> 2011 </td> <td style="vertical-align:middle">   </td> </tr> <tr style="height:38.25pt"> <td style="background-color:#ffffff; vertical-align:middle">   </td> <td style="background-color:#ffffff; vertical-align:middle">   </td> <td style="background-color:#c6d9f1; vertical-align:bottom"> Amortization of share-based compensation during the period </td> <td style="background-color:#c6d9f1; vertical-align:middle">   </td> <td style="background-color:#c6d9f1; vertical-align:bottom"> $ </td> <td style="background-color:#c6d9f1; vertical-align:bottom"> 1,886 </td> <td style="background-color:#c6d9f1; vertical-align:middle">   </td> <td style="background-color:#c6d9f1; vertical-align:bottom"> $ </td> <td style="background-color:#c6d9f1; vertical-align:bottom"> 1,834 </td> <td style="background-color:#c6d9f1; vertical-align:middle">   </td> <td style="background-color:#c6d9f1; vertical-align:bottom"> $ </td> <td style="background-color:#c6d9f1; vertical-align:bottom"> 1,836 </td> <td style="background-color:#c6d9f1; vertical-align:middle">   </td> </tr> <tr style="height:25.5pt"> <td style="background-color:#ffffff; vertical-align:middle">   </td> <td style="background-color:#ffffff; vertical-align:middle">   </td> <td style="background-color:#ffffff; vertical-align:bottom"> Amounts capitalized in inventory </td> <td style="background-color:#ffffff; vertical-align:middle">   </td> <td style="background-color:#ffffff; vertical-align:middle">   </td> <td style="background-color:#ffffff; vertical-align:bottom"> (497) </td> <td style="background-color:#ffffff; vertical-align:middle">   </td> <td style="background-color:#ffffff; vertical-align:middle">   </td> <td style="background-color:#ffffff; vertical-align:bottom"> (625) </td> <td style="background-color:#ffffff; vertical-align:middle">   </td> <td style="background-color:#ffffff; vertical-align:middle">   </td> <td style="background-color:#ffffff; vertical-align:bottom"> (500) </td> <td style="background-color:#ffffff; vertical-align:middle">   </td> </tr> <tr style="height:25.5pt"> <td style="background-color:#ffffff; vertical-align:middle">   </td> <td style="background-color:#ffffff; vertical-align:middle">   </td> <td style="background-color:#c6d9f1; vertical-align:bottom"> Amount recognized and charged to cost of sales </td> <td style="background-color:#c6d9f1; vertical-align:middle">   </td> <td style="background-color:#c6d9f1; vertical-align:middle">   </td> <td style="background-color:#c6d9f1; vertical-align:bottom"> 599 </td> <td style="background-color:#c6d9f1; vertical-align:middle">   </td> <td style="background-color:#c6d9f1; vertical-align:middle">   </td> <td style="background-color:#c6d9f1; vertical-align:bottom"> 778 </td> <td style="background-color:#c6d9f1; vertical-align:middle">   </td> <td style="background-color:#c6d9f1; vertical-align:middle">   </td> <td style="background-color:#c6d9f1; vertical-align:bottom"> 996 </td> <td style="background-color:#c6d9f1; vertical-align:middle">   </td> </tr> <tr style="height:38.25pt"> <td style="background-color:#ffffff; vertical-align:middle">   </td> <td style="background-color:#ffffff; vertical-align:middle">   </td> <td style="background-color:#ffffff; vertical-align:bottom"> Amounts charged against income for the period before tax </td> <td style="background-color:#ffffff; vertical-align:middle">   </td> <td style="background-color:#ffffff; vertical-align:bottom"> $ </td> <td style="background-color:#ffffff; border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; vertical-align:bottom"> 1,988 </td> <td style="background-color:#ffffff; vertical-align:middle">   </td> <td style="background-color:#ffffff; vertical-align:bottom"> $ </td> <td style="background-color:#ffffff; border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; vertical-align:bottom"> 1,987 </td> <td style="background-color:#ffffff; vertical-align:middle">   </td> <td style="background-color:#ffffff; vertical-align:bottom"> $ </td> <td style="background-color:#ffffff; border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:3pt; vertical-align:bottom"> 2,332 </td> <td style="background-color:#ffffff; vertical-align:middle">   </td> </tr> <tr style="height:12.75pt"> <td style="vertical-align:middle">   </td> <td style="vertical-align:middle">   </td> <td style="vertical-align:middle">   </td> <td style="vertical-align:middle">   </td> <td style="vertical-align:middle">   </td> <td style="vertical-align:middle">   </td> <td style="vertical-align:middle">   </td> <td style="vertical-align:middle">   </td> <td style="vertical-align:middle">   </td> <td style="vertical-align:middle">   </td> <td style="vertical-align:middle">   </td> <td style="vertical-align:middle">   </td> <td style="vertical-align:middle">   </td> </tr></table> Consistent with prior years, the fair value of each stock option granted during the fiscal year ended June 30, 2013 was estimated at the date of grant using a Black-Scholes option pricing model. The expected term of an option is based on our historical review of employee exercise behavior based on the employee class (executive or non-executive) and based on our consideration of the remaining contractual term if limited exercise activity existed for a certain employee class. The risk-free interest rate is the constant maturity risk free interest rate for U.S. Treasury instruments with terms consistent with the expected lives of the awards. The expected volatility is based on both the historical volatility of our stock based on our historical stock prices and implied volatility of our traded stock options. These factors were as follows: <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt; width:330pt"> <tr style="height:12.75pt"> <td style="vertical-align:middle">   </td> <td style="vertical-align:middle">   </td> <td colspan="13" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; vertical-align:bottom"> Fiscal Years Ended June 30, </td> <td colspan="3" style="vertical-align:middle">   </td> <td style="vertical-align:top"> </td> </tr> <tr style="height:12.75pt"> <td style="vertical-align:middle">   </td> <td style="vertical-align:middle">   </td> <td colspan="2" style="vertical-align:bottom"> 2013 </td> <td colspan="2" style="vertical-align:middle">   </td> <td colspan="3" style="vertical-align:bottom"> 2012 </td> <td colspan="2" style="vertical-align:middle">   </td> <td colspan="3" style="vertical-align:bottom"> 2011 </td> <td colspan="3" style="vertical-align:middle">   </td> <td style="vertical-align:top"> </td> <td style="vertical-align:top"> </td> </tr> <tr style="height:25.5pt"> <td style="background-color:#c6d9f1; vertical-align:bottom"> Weighted average risk-free interest rate </td> <td style="background-color:#c6d9f1; vertical-align:middle">   </td> <td style="background-color:#c6d9f1; vertical-align:middle">   </td> <td colspan="2" style="background-color:#c6d9f1; vertical-align:bottom"> 0.3-0.7 </td> <td colspan="2" style="background-color:#c6d9f1; vertical-align:bottom"> % </td> <td style="background-color:#c6d9f1; vertical-align:middle">   </td> <td colspan="2" style="background-color:#c6d9f1; vertical-align:bottom"> 0.4-1.6 </td> <td colspan="2" style="background-color:#c6d9f1; vertical-align:bottom"> % </td> <td style="background-color:#c6d9f1; vertical-align:middle">   </td> <td colspan="3" style="background-color:#c6d9f1; vertical-align:bottom"> 1.3-2.3 </td> <td colspan="3" style="background-color:#c6d9f1; vertical-align:bottom"> % </td> </tr> <tr style="height:25.5pt"> <td style="background-color:#ffffff; vertical-align:bottom"> Expected life of options (years) </td> <td style="background-color:#ffffff; vertical-align:middle">   </td> <td style="background-color:#ffffff; vertical-align:middle">   </td> <td colspan="2" style="background-color:#ffffff; vertical-align:bottom"> 2.9-5.6 </td> <td colspan="2" style="background-color:#ffffff; vertical-align:middle">   </td> <td style="background-color:#ffffff; vertical-align:middle">   </td> <td colspan="2" style="background-color:#ffffff; vertical-align:bottom"> 3.2-4.8 </td> <td colspan="2" style="background-color:#ffffff; vertical-align:middle">   </td> <td style="background-color:#ffffff; vertical-align:middle">   </td> <td colspan="3" style="background-color:#ffffff; vertical-align:bottom"> 3.1-5.4 </td> <td colspan="3" style="background-color:#ffffff; vertical-align:middle">   </td> </tr> <tr style="height:12.75pt"> <td style="background-color:#c6d9f1; vertical-align:bottom"> Expected stock volatility </td> <td style="background-color:#c6d9f1; vertical-align:middle">   </td> <td style="background-color:#c6d9f1; vertical-align:middle">   </td> <td colspan="2" style="background-color:#c6d9f1; vertical-align:bottom"> 53.7-75.3 </td> <td colspan="2" style="background-color:#c6d9f1; vertical-align:bottom"> % </td> <td style="background-color:#c6d9f1; vertical-align:middle">   </td> <td colspan="2" style="background-color:#c6d9f1; vertical-align:bottom"> 68.4-83.5 </td> <td colspan="2" style="background-color:#c6d9f1; vertical-align:bottom"> % </td> <td style="background-color:#c6d9f1; vertical-align:middle">   </td> <td colspan="3" style="background-color:#c6d9f1; vertical-align:bottom"> 62.5-82.2 </td> <td colspan="3" style="background-color:#c6d9f1; vertical-align:bottom"> % </td> </tr> <tr style="height:12.75pt"> <td style="background-color:#ffffff; vertical-align:bottom"> Expected dividend yield </td> <td style="background-color:#ffffff; vertical-align:middle">   </td> <td style="background-color:#ffffff; vertical-align:middle">   </td> <td colspan="2" style="background-color:#ffffff; vertical-align:bottom"> 0.0% </td> <td colspan="2" style="background-color:#ffffff; vertical-align:middle">   </td> <td style="background-color:#ffffff; vertical-align:middle">   </td> <td colspan="2" style="background-color:#ffffff; vertical-align:bottom"> 0.0% </td> <td colspan="2" style="background-color:#ffffff; vertical-align:middle">   </td> <td style="background-color:#ffffff; vertical-align:middle">   </td> <td colspan="3" style="background-color:#ffffff; vertical-align:bottom"> 0.0% </td> <td colspan="3" style="background-color:#ffffff; vertical-align:middle">   </td> </tr> <tr style="height:12.75pt"> <td style="vertical-align:middle">   </td> <td style="vertical-align:middle">   </td> <td style="vertical-align:middle">   </td> <td colspan="2" style="vertical-align:middle">   </td> <td colspan="2" style="vertical-align:middle">   </td> <td style="vertical-align:middle">   </td> <td colspan="2" style="vertical-align:middle">   </td> <td colspan="2" style="vertical-align:middle">   </td> <td style="vertical-align:middle">   </td> <td colspan="3" style="vertical-align:middle">   </td> <td colspan="3" style="vertical-align:middle">   </td> </tr></table>   (m)              Net (Loss) Income Per Common Share —Basic net (loss) income per common share for the fiscal years ended June 30, 2013, 2012, and 2011, was calculated by dividing net (loss) income by the weighted average number of common shares outstanding for each period. Diluted net income per common share for the fiscal years ended June 30, 2013, 2012, and 2011, was calculated by dividing net income by the weighted average number of common shares including the impact of dilutive common stock equivalents. See Note 10.   (n)              Impairment of Long-Lived Assets and Long-Lived Assets to Be Disposed Of —Long-lived assets, principally property and equipment and leasehold improvements, are reviewed for impairment when circumstances indicate the carrying value of an asset may not be recoverable. For assets that are to be held and used, an impairment is recognized when the estimated undiscounted cash flows associated with the asset or group of assets is less than their carrying value. If impairment exists, an adjustment is made to write the asset down to its fair value, and a loss is recorded as the difference between the carrying value and fair value. Fair values are determined based on quoted market values, discounted cash flows or internal appraisals, as applicable. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. Impairment of long-lived assets has not had a material impact on our financial position, results of operations or liquidity for the periods presented. </div> falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for the general note to the financial statements for the reporting entity which may include, descriptions of the basis of presentation, business description, significant accounting policies, consolidations, reclassifications, new pronouncements not yet adopted and changes in accounting principles.No definition available.false0NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESfalseNATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://www.tuesdaymorning.com/role/DisclosureNatureOfOperationsAndSummaryOfSignificantAccountingPolicies12