10-Q Filing

HALLWOOD GROUP INC CIK: 355766 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0000950123-11-098494`
Period End Date	20110930
Filing Date	20111114
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	hwg-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 61 Cash Flow Statement 48 Stockholders Equity 8 Comprehensive Income 12

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
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`	$9.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.84M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.40M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.32M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.53M	shares	Point-in-time
Marketable securities - short-term investments	`MarketableSecuritiesCurrent`	-	USD	Point-in-time
Marketable securities - short-term investments	`MarketableSecuritiesCurrent`	$7.49M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.53M	shares	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`	$17.23M	USD	Point-in-time
Factors	`AccountsReceivableFactorsCurrent`	$14.04M	USD	Point-in-time
Trade and other	`AccountsReceivableTradeAndOtherCurrent`	$8.92M	USD	Point-in-time
Trade and other	`AccountsReceivableTradeAndOtherCurrent`	$10.34M	USD	Point-in-time
Related parties	`AccountsReceivableRelatedPartiesCurrent`	$12.00K	USD	Point-in-time
Related parties	`AccountsReceivableRelatedPartiesCurrent`	$40.00K	USD	Point-in-time
Inventories, net	`InventoryNet`	$28.95M	USD	Point-in-time
Inventories, net	`InventoryNet`	$19.14M	USD	Point-in-time
Deferred income tax, net	`DeferredTaxAssetsLiabilitiesNetCurrent`	$4.24M	USD	Point-in-time
Deferred income tax, net	`DeferredTaxAssetsLiabilitiesNetCurrent`	$1.60M	USD	Point-in-time
Prepaids, deposits and other assets	`DepositsAssetsCurrent`	$1.23M	USD	Point-in-time
Prepaids, deposits and other assets	`DepositsAssetsCurrent`	$700.00K	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$660.00K	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$1.09M	USD	Point-in-time
Total currents assets	`AssetsCurrent`	$72.07M	USD	Point-in-time
Total currents assets	`AssetsCurrent`	$64.15M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$19.99M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$20.98M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$147.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$164.00K	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`	$20.16M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$21.13M	USD	Point-in-time
Total Assets	`Assets`	$85.28M	USD	Point-in-time
Total Assets	`Assets`	$92.23M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.63M	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`	$6.02M	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`	$14.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$27.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$28.37M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.24M	USD	Point-in-time
Long term portion of loans payable	`LongTermLineOfCredit`	$2.00M	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`	$2.57M	USD	Point-in-time
Total Liabilities	`Liabilities`	$30.93M	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`	$22.76M	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`	$61.30M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$65.47M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$85.28M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$92.23M	USD	Point-in-time

Income Statement 61 line items

Line Item	Tag	Value	Unit	Period
Textile products sales	`SalesRevenueGoodsNet`	$131.85M	USD	3 Qtrs
Textile products sales	`SalesRevenueGoodsNet`	$101.12M	USD	3 Qtrs
Textile products sales	`SalesRevenueGoodsNet`	$37.65M	USD	1 Quarter
Textile products sales	`SalesRevenueGoodsNet`	$36.77M	USD	1 Quarter
Textile products cost of sales	`CostOfGoodsSold`	$82.43M	USD	3 Qtrs
Textile products cost of sales	`CostOfGoodsSold`	$28.45M	USD	1 Quarter
Textile products cost of sales	`CostOfGoodsSold`	$30.12M	USD	1 Quarter
Textile products cost of sales	`CostOfGoodsSold`	$95.50M	USD	3 Qtrs
Administrative and selling expenses	`SellingGeneralAndAdministrativeExpense`	$17.36M	USD	3 Qtrs
Administrative and selling expenses	`SellingGeneralAndAdministrativeExpense`	$6.88M	USD	1 Quarter
Administrative and selling expenses	`SellingGeneralAndAdministrativeExpense`	$7.36M	USD	1 Quarter
Administrative and selling expenses	`SellingGeneralAndAdministrativeExpense`	$19.64M	USD	3 Qtrs
Litigation reserve - Hallwood Energy matters	`LitigationReserveEnergyMatters`	$7.50M	USD	3 Qtrs
Total expenses	`CostsAndExpenses`	$107.28M	USD	3 Qtrs
Total expenses	`CostsAndExpenses`	$37.00M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$35.81M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$115.13M	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$16.71M	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-6.17M	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$652.00K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$956.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$25.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$74.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$89.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$207.00K	USD	3 Qtrs
Interest and other income	`InterestAndOtherIncome`	$8.00K	USD	3 Qtrs
Interest and other income	`InterestAndOtherIncome`	$2.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$5.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$35.00K	USD	3 Qtrs
Total other income (loss)	`NonoperatingIncomeExpense`	$-199.00K	USD	3 Qtrs
Total other income (loss)	`NonoperatingIncomeExpense`	$-39.00K	USD	3 Qtrs
Total other income (loss)	`NonoperatingIncomeExpense`	$-20.00K	USD	1 Quarter
Total other income (loss)	`NonoperatingIncomeExpense`	$-87.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$869.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$632.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$16.52M	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-6.21M	USD	3 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$6.06M	USD	3 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-2.03M	USD	3 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$462.00K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$282.00K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$350.00K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$10.45M	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$407.00K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-4.17M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$6.85	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$-2.74	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.23	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.27	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$6.85	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.27	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.23	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-2.74	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.52M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.52M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.52M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.52M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.52M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.52M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.52M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.52M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$350.00K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$10.45M	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$407.00K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-4.17M	USD	3 Qtrs
Litigation reserve - Hallwood Energy matters	`LitigationReserveEnergyMatters`	$7.50M	USD	3 Qtrs
Deferred tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-2.64M	USD	3 Qtrs
Deferred tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$174.00K	USD	3 Qtrs
Depreciation, amortization and impairment	`DepreciationDepletionAndAmortization`	$1.89M	USD	3 Qtrs
Depreciation, amortization and impairment	`DepreciationDepletionAndAmortization`	$1.68M	USD	3 Qtrs
Provision for obsolete inventory	`InventoryWriteDown`	$219.00K	USD	3 Qtrs
Provision for obsolete inventory	`InventoryWriteDown`	$96.00K	USD	3 Qtrs
Provision for doubtful accounts and factor dilution	`ProvisionForDoubtfulAccountsAndFactorDilutionDeferredTaxExpense`	$-30.00K	USD	3 Qtrs
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$-2.40M	USD	3 Qtrs
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$9.91M	USD	3 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.61M	USD	3 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-9.81M	USD	3 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.13M	USD	3 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.00M	USD	3 Qtrs
Increase (decrease) in accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$6.00K	USD	3 Qtrs
Increase (decrease) in accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-1.55M	USD	3 Qtrs
Net change in other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$545.00K	USD	3 Qtrs
Net change in other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-10.00K	USD	3 Qtrs
Net change in income taxes receivable/payable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-420.00K	USD	3 Qtrs
Net change in income taxes receivable/payable	`IncreaseDecreaseInIncomeTaxesReceivable`	$159.00K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.86M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$19.05M	USD	3 Qtrs
Proceeds from redemption of short-term investments	`PaymentsForProceedsFromShortTermInvestments`	$-7.50M	USD	3 Qtrs
Investments in short-term investments	`PaymentsToAcquireMarketableSecurities`	$10.00K	USD	3 Qtrs
Investments in property, plant and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.12M	USD	3 Qtrs
Investments in property, plant and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.39M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.12M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$6.10M	USD	3 Qtrs
Proceeds from revolving credit facility	`ProceedsFromLinesOfCredit`	$2.00M	USD	3 Qtrs
Proceeds from revolving credit facility	`ProceedsFromLinesOfCredit`	$11.74M	USD	3 Qtrs
Repayments of revolving credit facility	`RepaymentsOfLinesOfCredit`	$2.00M	USD	3 Qtrs
Repayments of revolving credit facility	`RepaymentsOfLinesOfCredit`	$15.20M	USD	3 Qtrs
Redemption of preferred stock	`PaymentsForRepurchaseOfPreferredStockAndPreferenceStock`	$1.00M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.45M	USD	3 Qtrs
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.76M	USD	3 Qtrs
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.48M	USD	3 Qtrs
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$11.16M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$9.40M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$7.84M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$16.32M	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`	$9.40M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$7.84M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$16.32M	USD	Point-in-time

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$61.30M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$65.47M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$61.30M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$65.47M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$350.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$10.45M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$407.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.17M	USD	3 Qtrs

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$350.00K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$10.45M	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$407.00K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-4.17M	USD	3 Qtrs
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	-	USD	1 Quarter
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	-	USD	3 Qtrs
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	-	USD	1 Quarter
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	-	USD	3 Qtrs
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$350.00K	USD	1 Quarter
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-4.17M	USD	3 Qtrs
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$10.45M	USD	3 Qtrs
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$407.00K	USD	1 Quarter

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