10-Q Filing

HOOKER FURNISHINGS CORP CIK: 1077688 Q1 2011

Filing Information

Form Type	10-Q
Accession Number	`0001185185-11-000855`
Period End Date	20110430
Filing Date	20110607
Fiscal Year	2011
Fiscal Period	Q1
XBRL Instance	hoft-20110501.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 32 Cash Flow Statement 64

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.10M	USD	Point-in-time
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.08M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$38.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.99M	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
Accounts receivable, less allowance for doubtful accounts of $2,103 and $2,082, respectively	`AccountsNotesAndLoansReceivableNetCurrent`	$29.13M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $2,103 and $2,082, respectively	`AccountsNotesAndLoansReceivableNetCurrent`	$27.67M	USD	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
Inventories	`InventoryNet`	$57.44M	USD	Point-in-time
Inventories	`InventoryNet`	$49.44M	USD	Point-in-time
Common stock, shares oustanding	`CommonStockSharesOutstanding`	10.78M	shares	Point-in-time
Common stock, shares oustanding	`CommonStockSharesOutstanding`	10.78M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.96M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.99M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$106.70M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$104.56M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNetIncludingCapitalizedSoftwareCosts`	$21.00M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNetIncludingCapitalizedSoftwareCosts`	$20.66M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$3.07M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$3.07M	USD	Point-in-time
Cash surrender value of life insurance policies	`CashSurrenderValueOfLifeInsurance`	$14.89M	USD	Point-in-time
Cash surrender value of life insurance policies	`CashSurrenderValueOfLifeInsurance`	$15.03M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.92M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.95M	USD	Point-in-time
Total assets	`AssetsNoncurrent`	$150.41M	USD	Point-in-time
Total assets	`AssetsNoncurrent`	$148.44M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$10.63M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$11.79M	USD	Point-in-time
Accrued salaries, wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$3.43M	USD	Point-in-time
Accrued salaries, wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$2.48M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$1.11M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$1.68M	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`	$17.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.86M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$6.24M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$6.40M	USD	Point-in-time
Total liabilities	`Liabilities`	$22.26M	USD	Point-in-time
Total liabilities	`Liabilities`	$23.64M	USD	Point-in-time
Common stock, no par value, 20,000 shares authorized, 10,782 shares issued and oustanding on each date	`CommonStockValue`	$17.18M	USD	Point-in-time
Common stock, no par value, 20,000 shares authorized, 10,782 shares issued and oustanding on each date	`CommonStockValue`	$17.16M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$109.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$108.44M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$558.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$609.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$126.18M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$126.77M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$148.44M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$150.41M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$58.39M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$51.35M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$47.36M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$39.08M	USD	1 Quarter
Casualty loss	`CasualtyLoss`	$2.02M	USD	1 Quarter
Insurance recovery	`InsuranceRecoveries`	$1.52M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$39.58M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$47.36M	USD	1 Quarter
Gross profit	`GrossProfit`	$11.03M	USD	1 Quarter
Gross profit	`GrossProfit`	$11.77M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$10.06M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$10.29M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$747.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.71M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$12.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$54.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.72M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$801.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$278.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$644.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.07M	USD	1 Quarter
Net income	`NetIncomeLoss`	$523.00K	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.10	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.05	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.10	USD	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.76M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.76M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.77M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.78M	shares	1 Quarter
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`	$0.10	USD	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Cash received from customers	`ProceedsFromCustomers`	$52.43M	USD	1 Quarter
Cash received from customers	`ProceedsFromCustomers`	$56.96M	USD	1 Quarter
Cash paid to suppliers and employees	`PaymentsToSuppliersAndEmployees`	$-51.59M	USD	1 Quarter
Cash paid to suppliers and employees	`PaymentsToSuppliersAndEmployees`	$-50.38M	USD	1 Quarter
Insurance procceds received on casualty loss	`ProceedsFromInsuranceSettlementOperatingActivities`	$500.00K	USD	1 Quarter
Income taxes applied / (paid), net	`IncomeTaxesPaid`	$-227.00K	USD	1 Quarter
Income taxes applied / (paid), net	`IncomeTaxesPaid`	$204.00K	USD	1 Quarter
Interest received / (paid), net	`InterestPaid`	$-45.00K	USD	1 Quarter
Interest received / (paid), net	`InterestPaid`	$23.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.28M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.59M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$198.00K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$969.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-6.00K	USD	1 Quarter
Proceeds from the sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.00K	USD	1 Quarter
Proceeds from the sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$5.00K	USD	1 Quarter
Premiums paid on company-owned life insurance	`ProceedsFromLifeInsurancePolicies`	$-187.00K	USD	1 Quarter
Premiums paid on company-owned life insurance	`ProceedsFromLifeInsurancePolicies`	$-255.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.15M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-448.00K	USD	1 Quarter
Cash dividends paid	`PaymentsOfOrdinaryDividends`	$1.08M	USD	1 Quarter
Cash dividends paid	`PaymentsOfOrdinaryDividends`	$1.08M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.08M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.08M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$752.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.37M	USD	1 Quarter
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$19.99M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$38.75M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$16.62M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$37.99M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$19.99M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$38.75M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$16.62M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$37.99M	USD	Point-in-time
Net income	`NetIncomeLoss`	$1.07M	USD	1 Quarter
Net income	`NetIncomeLoss`	$523.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$748.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$632.00K	USD	1 Quarter
Non-cash restricted stock awards and performance grants	`ShareBasedCompensation`	$15.00K	USD	1 Quarter
Non-cash restricted stock awards and performance grants	`ShareBasedCompensation`	$-123.00K	USD	1 Quarter
Gain on the disposal of property	`GainLossOnSaleOfProperty`	$-3.00K	USD	1 Quarter
Restructuring credit	`RestructuringCharges`	$-129.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$187.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-329.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-312.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-159.00K	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.65M	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.83M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-2.37M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$8.00M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-30.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-330.00K	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.16M	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$279.00K	USD	1 Quarter
Accrued salaries, wages, and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-789.00K	USD	1 Quarter
Accrued salaries, wages, and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$381.00K	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$576.00K	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$794.00K	USD	1 Quarter
Other accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$-260.00K	USD	1 Quarter
Other accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$59.00K	USD	1 Quarter
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$215.00K	USD	1 Quarter
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$193.00K	USD	1 Quarter
Net cash provided by operating activties	`NetCashProvidedByUsedInOperatingActivities`	$2.28M	USD	1 Quarter
Net cash provided by operating activties	`NetCashProvidedByUsedInOperatingActivities`	$5.59M	USD	1 Quarter

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