10-Q Filing

HOOKER FURNISHINGS CORP CIK: 1077688 Q3 2010

Filing Information

Form Type	10-Q
Accession Number	`0001185185-10-001425`
Period End Date	20101031
Filing Date	20101208
Fiscal Year	2010
Fiscal Period	Q3
XBRL Instance	hoft-20101031.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 63 Cash Flow Statement 73

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.00M	USD	Point-in-time
Allowance for doubtful accounts receivable (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.94M	USD	Point-in-time
Common stock, no par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, no par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.78M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.78M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.73M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.78M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.78M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.46M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.80M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $2,004 and $1,938 on each date	`AccountsNotesAndLoansReceivableNetCurrent`	$25.89M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $2,004 and $1,938 on each date	`AccountsNotesAndLoansReceivableNetCurrent`	$28.41M	USD	Point-in-time
Inventories	`InventoryNet`	$36.18M	USD	Point-in-time
Inventories	`InventoryNet`	$55.62M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpensesAndOtherCurrentAssets`	$5.46M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpensesAndOtherCurrentAssets`	$3.47M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$109.95M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$103.53M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNetIncludingCapitalizedSoftwareCost`	$22.75M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNetIncludingCapitalizedSoftwareCost`	$21.17M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$3.47M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$3.47M	USD	Point-in-time
Cash surrender value of life insurance policies	`CashSurrenderValueOfLifeInsurance`	$14.56M	USD	Point-in-time
Cash surrender value of life insurance policies	`CashSurrenderValueOfLifeInsurance`	$14.81M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.69M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.54M	USD	Point-in-time
Total assets	`Assets`	$149.10M	USD	Point-in-time
Total assets	`Assets`	$153.84M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$14.26M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$10.43M	USD	Point-in-time
Accrued salaries, wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$2.43M	USD	Point-in-time
Accrued salaries, wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$2.18M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$1.66M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$1.95M	USD	Point-in-time
Accrued dividends	`InterestAndDividendsPayableCurrent`	$1.08M	USD	Point-in-time
Accrued dividends	`InterestAndDividendsPayableCurrent`	$1.08M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$19.43M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.64M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$6.68M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$5.87M	USD	Point-in-time
Total liabilities	`Liabilities`	$26.11M	USD	Point-in-time
Total liabilities	`Liabilities`	$21.51M	USD	Point-in-time
Common stock, no par value, 20,000 shares authorized, 10,782 and 10,775 shares issued and outstanding on each date, respectively.	`CommonStockValue`	$17.08M	USD	Point-in-time
Common stock, no par value, 20,000 shares authorized, 10,782 and 10,775 shares issued and outstanding on each date, respectively.	`CommonStockValue`	$17.13M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$110.26M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$110.07M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$333.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$443.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$127.59M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$127.73M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$153.84M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$149.10M	USD	Point-in-time

Income Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$160.47M	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$52.60M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$55.73M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$150.65M	USD	3 Qtrs
Cost of sales	`CostOfGoodsSold`	$39.93M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$123.97M	USD	3 Qtrs
Cost of sales	`CostOfGoodsSold`	$117.05M	USD	3 Qtrs
Cost of sales	`CostOfGoodsSold`	$43.46M	USD	1 Quarter
Casualty loss	`CasualtyLoss`	$2.21M	USD	3 Qtrs
Insurance recovery	`InsuranceRecoveries`	$1.71M	USD	3 Qtrs
Total cost of sales	`CostOfGoodsAndServicesSold`	$124.47M	USD	3 Qtrs
Total cost of sales	`CostOfGoodsAndServicesSold`	$39.93M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$43.46M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$117.05M	USD	3 Qtrs
Gross profit	`GrossProfit`	$12.68M	USD	1 Quarter
Gross profit	`GrossProfit`	$12.28M	USD	1 Quarter
Gross profit	`GrossProfit`	$33.60M	USD	3 Qtrs
Gross profit	`GrossProfit`	$36.00M	USD	3 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$10.61M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$10.89M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$32.33M	USD	3 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$31.06M	USD	3 Qtrs
Asset impairment charge	`AssetImpairmentCharges`	$613.00K	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$4.94M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$657.00K	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$1.78M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.67M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$27.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$83.00K	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-93.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-122.00K	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.69M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$5.02M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$535.00K	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.69M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$522.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$497.00K	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$733.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.60M	USD	3 Qtrs
Net income	`ProfitLoss`	$1.17M	USD	1 Quarter
Net income	`ProfitLoss`	$957.00K	USD	1 Quarter
Net income	`ProfitLoss`	$38.00K	USD	3 Qtrs
Net income	`ProfitLoss`	$3.42M	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.32	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.11	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	-	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.11	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	-	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.32	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.76M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.75M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.76M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.75M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.77M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.77M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.76M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.76M	shares	1 Quarter
Cash dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.30	USD	3 Qtrs
Cash dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.10	USD	1 Quarter
Cash dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.30	USD	3 Qtrs
Cash dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.10	USD	1 Quarter

Cash Flow Statement 73 line items

Line Item	Tag	Value	Unit	Period
Cash received from customers	`ProceedsFromCustomers`	$156.39M	USD	3 Qtrs
Cash received from customers	`ProceedsFromCustomers`	$154.52M	USD	3 Qtrs
Cash paid to suppliers and employees	`PaymentsToSuppliersAndEmployees`	$168.37M	USD	3 Qtrs
Cash paid to suppliers and employees	`PaymentsToSuppliersAndEmployees`	$119.67M	USD	3 Qtrs
Insurance proceeds received on casualty loss	`ProceedsFromInsuranceSettlementOperatingActivities`	$1.71M	USD	3 Qtrs
Income taxes paid, net	`IncomeTaxesPaid`	$3.09M	USD	3 Qtrs
Income taxes paid, net	`IncomeTaxesPaid`	$1.73M	USD	3 Qtrs
Interest paid, net	`InterestPaid`	$262.00K	USD	3 Qtrs
Interest paid, net	`InterestPaid`	$60.00K	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$32.86M	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-13.42M	USD	3 Qtrs
Purchase of property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.26M	USD	3 Qtrs
Purchase of property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$688.00K	USD	3 Qtrs
Proceeds from the sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$10.00K	USD	3 Qtrs
Proceeds from the sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.00K	USD	3 Qtrs
Proceeds received on notes issued for the sale of property and equipment	`ProceedsFromCollectionOfNotesReceivable`	$23.00K	USD	3 Qtrs
Proceeds received on notes issued for the sale of property and equipment	`ProceedsFromCollectionOfNotesReceivable`	$23.00K	USD	3 Qtrs
Premiums paid on officers' life insurance	`PaymentsToAcquireLifeInsurancePolicies`	$1.32M	USD	3 Qtrs
Premiums paid on officers' life insurance	`PaymentsToAcquireLifeInsurancePolicies`	$1.35M	USD	3 Qtrs
Proceeds received on officers' life insurance	`ProceedsFromLifeInsurancePolicies`	$986.00K	USD	3 Qtrs
Proceeds received on officers' life insurance	`ProceedsFromLifeInsurancePolicies`	$1.10M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-882.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.60M	USD	3 Qtrs
Proceeds from short-term borrowing	`ProceedsFromShortTermDebt`	$4.49M	USD	3 Qtrs
Payments on short-term borrowing	`RepaymentsOfShortTermDebt`	$4.38M	USD	3 Qtrs
Cash dividends paid	`PaymentsOfDividends`	$3.23M	USD	3 Qtrs
Cash dividends paid	`PaymentsOfDividends`	$3.23M	USD	3 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$5.22M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.34M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.23M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$22.93M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-17.54M	USD	3 Qtrs
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$37.99M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$34.73M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$20.46M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$11.80M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$37.99M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$34.73M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$20.46M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$11.80M	USD	Point-in-time
Net income (loss)	`ProfitLoss`	$1.17M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$957.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$38.00K	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$3.42M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.25M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.38M	USD	3 Qtrs
Non-cash restricted stock awards and performance grants	`ShareBasedCompensation`	$61.00K	USD	3 Qtrs
Non-cash restricted stock awards and performance grants	`ShareBasedCompensation`	$58.00K	USD	3 Qtrs
Restructuring and asset impairment charges	`RestructuringCostsAndAssetImpairmentCharges`	$613.00K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$850.00K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$395.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-107.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-745.00K	USD	3 Qtrs
Loss on disposal of property	`GainLossOnSaleOfProperty`	$-9.00K	USD	3 Qtrs
Loss on disposal of property	`GainLossOnSaleOfProperty`	$-115.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.16M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.91M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$19.45M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-26.70M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$949.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.44M	USD	3 Qtrs
Trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$-276.00K	USD	3 Qtrs
Trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.84M	USD	3 Qtrs
Accrued salaries, wages, and benefits	`IncreaseDecreaseInAccruedLiabilities`	$629.00K	USD	3 Qtrs
Accrued salaries, wages, and benefits	`IncreaseDecreaseInAccruedLiabilities`	$243.00K	USD	3 Qtrs
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-253.00K	USD	3 Qtrs
Other accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$-38.00K	USD	3 Qtrs
Other accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$-644.00K	USD	3 Qtrs
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$703.00K	USD	3 Qtrs
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$577.00K	USD	3 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$201.00K	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$32.86M	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-13.42M	USD	3 Qtrs

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