10-Q/A Filing

HALLWOOD GROUP INC CIK: 355766 Q2 2011

Filing Information

Form Type	10-Q/A
Accession Number	`0000950123-11-084528`
Period End Date	20110630
Filing Date	20110914
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	hwg-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 64 Cash Flow Statement 48 Stockholders Equity 10 Comprehensive Income 11

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.40M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.40M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.93M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.16M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.40M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.84M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.53M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.53M	shares	Point-in-time
Marketable securities - short-term investments	`MarketableSecuritiesCurrent`	$10.00K	USD	Point-in-time
Marketable securities - short-term investments	`MarketableSecuritiesCurrent`	$7.49M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	870,939.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	870,939.00	shares	Point-in-time
Factors	`AccountsReceivableFactorsCurrent`	$14.04M	USD	Point-in-time
Factors	`AccountsReceivableFactorsCurrent`	$16.93M	USD	Point-in-time
Trade and other	`AccountsReceivableTradeAndOtherCurrent`	$8.57M	USD	Point-in-time
Trade and other	`AccountsReceivableTradeAndOtherCurrent`	$8.92M	USD	Point-in-time
Related parties	`AccountsReceivableRelatedPartiesCurrent`	$12.00K	USD	Point-in-time
Related parties	`AccountsReceivableRelatedPartiesCurrent`	$35.00K	USD	Point-in-time
Inventories, net	`InventoryNet`	$27.48M	USD	Point-in-time
Inventories, net	`InventoryNet`	$19.14M	USD	Point-in-time
Deferred income tax, net	`DeferredTaxAssetsLiabilitiesNetCurrent`	$1.60M	USD	Point-in-time
Deferred income tax, net	`DeferredTaxAssetsLiabilitiesNetCurrent`	$4.22M	USD	Point-in-time
Prepaids, deposits and other assets	`DepositsAssetsCurrent`	$700.00K	USD	Point-in-time
Prepaids, deposits and other assets	`DepositsAssetsCurrent`	$972.00K	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$1.09M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$916.00K	USD	Point-in-time
Total currents assets	`AssetsCurrent`	$69.06M	USD	Point-in-time
Total currents assets	`AssetsCurrent`	$64.15M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$20.98M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$20.26M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$165.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$147.00K	USD	Point-in-time
Investments in Hallwood Energy, net	`EquityMethodInvestments`	-	USD	Point-in-time
Investments in Hallwood Energy, net	`EquityMethodInvestments`	-	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$20.42M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$21.13M	USD	Point-in-time
Total Assets	`Assets`	$89.48M	USD	Point-in-time
Total Assets	`Assets`	$85.28M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.98M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.00M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$6.02M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$5.28M	USD	Point-in-time
Litigation reserve	`LitigationReserveCurrent`	-	USD	Point-in-time
Litigation reserve	`LitigationReserveCurrent`	$7.50M	USD	Point-in-time
Contingent additional investment in Hallwood Energy	`PayableContingentAdditionalInvestment`	$3.20M	USD	Point-in-time
Contingent additional investment in Hallwood Energy	`PayableContingentAdditionalInvestment`	$3.20M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$27.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$9.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$24.97M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.24M	USD	Point-in-time
Long term portion of loans payable	`LongTermLineOfCredit`	$3.00M	USD	Point-in-time
Long term portion of loans payable	`LongTermLineOfCredit`	$2.00M	USD	Point-in-time
Deferred income tax	`DeferredTaxLiabilitiesNoncurrent`	$566.00K	USD	Point-in-time
Deferred income tax	`DeferredTaxLiabilitiesNoncurrent`	$566.00K	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$2.57M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$3.57M	USD	Point-in-time
Total Liabilities	`Liabilities`	$28.54M	USD	Point-in-time
Total Liabilities	`Liabilities`	$19.81M	USD	Point-in-time
Contingencies and Commitments (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingencies and Commitments (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, issued 2,396,105 shares for both periods; outstanding 1,525,166 shares for both periods	`CommonStockValue`	$240.00K	USD	Point-in-time
Common stock, issued 2,396,105 shares for both periods; outstanding 1,525,166 shares for both periods	`CommonStockValue`	$240.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$51.70M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$51.70M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$22.41M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$26.93M	USD	Point-in-time
Treasury stock, 870,939 shares for both periods; at cost	`TreasuryStockValue`	$13.40M	USD	Point-in-time
Treasury stock, 870,939 shares for both periods; at cost	`TreasuryStockValue`	$13.40M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$65.47M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$60.95M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$85.28M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$89.48M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Textile products sales	`SalesRevenueGoodsNet`	$47.93M	USD	1 Quarter
Textile products sales	`SalesRevenueGoodsNet`	$36.70M	USD	1 Quarter
Textile products sales	`SalesRevenueGoodsNet`	$63.47M	USD	2 Qtrs
Textile products sales	`SalesRevenueGoodsNet`	$95.08M	USD	2 Qtrs
Textile products cost of sales	`CostOfGoodsSold`	$29.12M	USD	1 Quarter
Textile products cost of sales	`CostOfGoodsSold`	$52.31M	USD	2 Qtrs
Textile products cost of sales	`CostOfGoodsSold`	$34.19M	USD	1 Quarter
Textile products cost of sales	`CostOfGoodsSold`	$66.87M	USD	2 Qtrs
Administrative and selling expenses	`SellingGeneralAndAdministrativeExpense`	$6.16M	USD	1 Quarter
Administrative and selling expenses	`SellingGeneralAndAdministrativeExpense`	$12.45M	USD	2 Qtrs
Administrative and selling expenses	`SellingGeneralAndAdministrativeExpense`	$5.33M	USD	1 Quarter
Administrative and selling expenses	`SellingGeneralAndAdministrativeExpense`	$10.48M	USD	2 Qtrs
Litigation reserve - Hallwood Energy matters	`LitigationReserveEnergyMatters`	$7.50M	USD	2 Qtrs
Litigation reserve - Hallwood Energy matters	`LitigationReserveEnergyMatters`	$7.50M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$79.32M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$41.95M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$40.35M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$70.29M	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-5.25M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$15.76M	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-6.82M	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$7.58M	USD	1 Quarter
Interest expense	`InterestExpense`	$118.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$57.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$23.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$49.00K	USD	2 Qtrs
Interest and other income	`InterestAndOtherIncome`	$6.00K	USD	2 Qtrs
Interest and other income	`InterestAndOtherIncome`	$13.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$30.00K	USD	2 Qtrs
Interest and other income	`InterestAndOtherIncome`	$5.00K	USD	1 Quarter
Total other income (loss)	`NonoperatingIncomeExpense`	$-10.00K	USD	1 Quarter
Total other income (loss)	`NonoperatingIncomeExpense`	$-112.00K	USD	2 Qtrs
Total other income (loss)	`NonoperatingIncomeExpense`	$-19.00K	USD	2 Qtrs
Total other income (loss)	`NonoperatingIncomeExpense`	$-52.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$15.65M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.53M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-5.26M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-6.84M	USD	2 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-1.73M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$5.60M	USD	2 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$2.73M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-2.31M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$4.80M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-4.52M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-3.26M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$10.05M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$4.80M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-3.53M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-2.31	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$3.14	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-2.97	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$6.59	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$6.59	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$3.14	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-2.97	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$-2.31	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.52M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.52M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.52M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.52M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.52M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.52M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.52M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.52M	shares	2 Qtrs

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$4.80M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-4.52M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-3.26M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$10.05M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$4.80M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-3.53M	USD	1 Quarter
Litigation reserve - Hallwood Energy matters	`LitigationReserveEnergyMatters`	$7.50M	USD	2 Qtrs
Litigation reserve - Hallwood Energy matters	`LitigationReserveEnergyMatters`	$7.50M	USD	1 Quarter
Deferred tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-2.62M	USD	2 Qtrs
Depreciation, amortization and impairment	`DepreciationDepletionAndAmortization`	$1.28M	USD	2 Qtrs
Depreciation, amortization and impairment	`DepreciationDepletionAndAmortization`	$1.17M	USD	2 Qtrs
Provision for obsolete inventory	`InventoryWriteDown`	$268.00K	USD	2 Qtrs
Provision for obsolete inventory	`InventoryWriteDown`	$57.00K	USD	2 Qtrs
Provision for doubtful accounts and factor dilution	`ProvisionForDoubtfulAccountsAndFactorDilutionDeferredTaxExpense`	$-85.00K	USD	2 Qtrs
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$8.40M	USD	2 Qtrs
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$-485.00K	USD	2 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-271.00K	USD	2 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.48M	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-611.00K	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.51M	USD	2 Qtrs
Increase (decrease) in accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-740.00K	USD	2 Qtrs
Increase (decrease) in accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-1.58M	USD	2 Qtrs
Net change in other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$290.00K	USD	2 Qtrs
Net change in other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-88.00K	USD	2 Qtrs
Net change in income taxes receivable/payable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-1.01M	USD	2 Qtrs
Net change in income taxes receivable/payable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-159.00K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-8.63M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$11.15M	USD	2 Qtrs
Proceeds from redemption of short-term investments	`PaymentsForProceedsFromShortTermInvestments`	$-7.48M	USD	2 Qtrs
Investments in property, plant and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.14M	USD	2 Qtrs
Investments in property, plant and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.08M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$6.40M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.14M	USD	2 Qtrs
Proceeds from revolving credit facility	`ProceedsFromLinesOfCredit`	$11.61M	USD	2 Qtrs
Proceeds from revolving credit facility	`ProceedsFromLinesOfCredit`	$1.00M	USD	2 Qtrs
Repayments of revolving credit facility	`RepaymentsOfLinesOfCredit`	$15.05M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.45M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.00M	USD	2 Qtrs
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.56M	USD	2 Qtrs
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.23M	USD	2 Qtrs
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$10.40M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$9.93M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$11.16M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$7.84M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$10.40M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$9.93M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$11.16M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$7.84M	USD	Point-in-time

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$65.47M	USD	Point-in-time
Balance	`StockholdersEquity`	$60.95M	USD	Point-in-time
Balance	`StockholdersEquity`	$65.47M	USD	Point-in-time
Balance	`StockholdersEquity`	$60.95M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$4.80M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.52M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-3.26M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$10.05M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$4.80M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.53M	USD	1 Quarter

Comprehensive Income 11 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$4.80M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-4.52M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-3.26M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$10.05M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$4.80M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-3.53M	USD	1 Quarter
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	-	USD	2 Qtrs
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$4.80M	USD	1 Quarter
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-3.26M	USD	1 Quarter
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$10.05M	USD	2 Qtrs
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-4.52M	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.