10-Q Filing

HOOKER FURNISHINGS CORP CIK: 1077688 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001185185-11-001488`
Period End Date	20110731
Filing Date	20110907
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	hoft-20110731.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 64 Cash Flow Statement 67

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.08M	USD	Point-in-time
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.83M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.43M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.62M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $1,828 and $2,082, respectively	`AccountsNotesAndLoansReceivableNetCurrent`	$26.41M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.79M	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $1,828 and $2,082, respectively	`AccountsNotesAndLoansReceivableNetCurrent`	$27.67M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.78M	shares	Point-in-time
Inventories	`InventoryNet`	$42.11M	USD	Point-in-time
Inventories	`InventoryNet`	$57.44M	USD	Point-in-time
Common stock, shares oustanding	`CommonStockSharesOutstanding`	10.79M	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`	$5.02M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$106.70M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$103.97M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$21.28M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$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`	$15.03M	USD	Point-in-time
Cash surrender value of life insurance policies	`CashSurrenderValueOfLifeInsurance`	$15.48M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.02M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.95M	USD	Point-in-time
Total assets	`Assets`	$150.41M	USD	Point-in-time
Total assets	`Assets`	$148.82M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$9.39M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$11.79M	USD	Point-in-time
Accrued salaries, wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$2.82M	USD	Point-in-time
Accrued salaries, wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$3.43M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$2.28M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$1.11M	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`	$15.56M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.40M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$6.53M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$6.24M	USD	Point-in-time
Total liabilities	`Liabilities`	$23.64M	USD	Point-in-time
Total liabilities	`Liabilities`	$22.10M	USD	Point-in-time
Common stock, no par value, 20,000 shares authorized, 10,793 and 10,782 shares issued and outstanding on each date, respectively	`CommonStockValue`	$17.20M	USD	Point-in-time
Common stock, no par value, 20,000 shares authorized, 10,793 and 10,782 shares issued and outstanding on each date, respectively	`CommonStockValue`	$17.16M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$109.01M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$109.00M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$609.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$507.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$126.72M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$126.77M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$150.41M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$148.82M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$53.38M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$55.57M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$113.97M	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$104.73M	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$43.41M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$90.77M	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$41.42M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$80.50M	USD	2 Qtrs
Casualty loss	`CasualtyLoss`	$183.00K	USD	1 Quarter
Casualty loss	`CasualtyLoss`	$2.21M	USD	2 Qtrs
Insurance recovery	`InsuranceRecoveries`	$1.71M	USD	2 Qtrs
Insurance recovery	`InsuranceRecoveries`	$183.00K	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$43.41M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$90.77M	USD	2 Qtrs
Total cost of sales	`CostOfGoodsAndServicesSold`	$81.00M	USD	2 Qtrs
Total cost of sales	`CostOfGoodsAndServicesSold`	$41.42M	USD	1 Quarter
Gross profit	`GrossProfit`	$23.20M	USD	2 Qtrs
Gross profit	`GrossProfit`	$23.73M	USD	2 Qtrs
Gross profit	`GrossProfit`	$12.16M	USD	1 Quarter
Gross profit	`GrossProfit`	$11.96M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$10.39M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$9.67M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$20.45M	USD	2 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$19.95M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$2.49M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$3.24M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$3.27M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$1.57M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$44.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$27.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$56.00K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$81.00K	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.61M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.32M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.33M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.52M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.15M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$1.08M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$435.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$875.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.65M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.25M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.17M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.18M	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.21	USD	2 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.11	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.20	USD	2 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.15	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.11	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.15	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.21	USD	2 Qtrs
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.20	USD	2 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.76M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.76M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.76M	shares	2 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.76M	shares	2 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.78M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.79M	shares	2 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.77M	shares	2 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.77M	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`	$0.20	USD	2 Qtrs
Cash dividends declared per share (in Dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.20	USD	2 Qtrs
Cash dividends declared per share (in Dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.10	USD	1 Quarter

Cash Flow Statement 67 line items

Line Item	Tag	Value	Unit	Period
Cash received from customers	`ProceedsFromCustomers`	$115.29M	USD	2 Qtrs
Cash received from customers	`ProceedsFromCustomers`	$102.05M	USD	2 Qtrs
Cash paid to suppliers and employees	`PaymentsToSuppliersAndEmployees`	$-96.92M	USD	2 Qtrs
Cash paid to suppliers and employees	`PaymentsToSuppliersAndEmployees`	$-107.06M	USD	2 Qtrs
Insurance proceeds received on casualty loss	`ProceedsFromInsuranceSettlementOperatingActivities`	$1.35M	USD	2 Qtrs
Income taxes paid, net	`IncomeTaxesPaid`	$-1.86M	USD	2 Qtrs
Income taxes paid, net	`IncomeTaxesPaid`	$-115.00K	USD	2 Qtrs
Interest received / (paid), net	`InterestPaid`	$-54.00K	USD	2 Qtrs
Interest received / (paid), net	`InterestPaid`	$20.00K	USD	2 Qtrs
Net cash provided by / (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.58M	USD	2 Qtrs
Net cash provided by / (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$18.27M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$382.00K	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.87M	USD	2 Qtrs
Proceeds received on notes issued for the sale of property, plant and equipment	`ProceedsFromSaleOfOtherProductiveAssets`	$18.00K	USD	2 Qtrs
Proceeds received on notes issued for the sale of property, plant and equipment	`ProceedsFromSaleOfOtherProductiveAssets`	$17.00K	USD	2 Qtrs
Proceeds from the sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.00K	USD	2 Qtrs
Premiums paid on company-owned life insurance	`PaymentsToAcquireLifeInsurancePolicies`	$1.02M	USD	2 Qtrs
Premiums paid on company-owned life insurance	`PaymentsToAcquireLifeInsurancePolicies`	$1.20M	USD	2 Qtrs
Proceeds received on officers' life insurance	`ProceedsFromLifeInsurancePolicies`	$1.10M	USD	2 Qtrs
Proceeds received on officers' life insurance	`ProceedsFromLifeInsurancePolicies`	$560.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-457.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.31M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfOrdinaryDividends`	$2.15M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfOrdinaryDividends`	$2.16M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.15M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.16M	USD	2 Qtrs
Net increase / (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.19M	USD	2 Qtrs
Net increase / (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$13.80M	USD	2 Qtrs
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$30.43M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$29.80M	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 beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$16.62M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$30.43M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$29.80M	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`	$16.62M	USD	Point-in-time
Net income	`NetIncomeLoss`	$1.65M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.25M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.17M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.18M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.50M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.25M	USD	2 Qtrs
Non-cash restricted stock awards and performance grants	`ShareBasedCompensation`	$34.00K	USD	2 Qtrs
Non-cash restricted stock awards and performance grants	`ShareBasedCompensation`	$-101.00K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$100.00K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$705.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-787.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-346.00K	USD	2 Qtrs
Gain on disposal of property	`GainLossOnDispositionOfProperty`	$-3.00K	USD	2 Qtrs
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.55M	USD	2 Qtrs
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$551.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$15.33M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-10.78M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-792.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$279.00K	USD	2 Qtrs
Trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.40M	USD	2 Qtrs
Trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.25M	USD	2 Qtrs
Accrued salaries, wages, and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-448.00K	USD	2 Qtrs
Accrued salaries, wages, and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$609.00K	USD	2 Qtrs
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$3.00K	USD	2 Qtrs
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.38M	USD	2 Qtrs
Other accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$-373.00K	USD	2 Qtrs
Other accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$-41.00K	USD	2 Qtrs
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$624.00K	USD	2 Qtrs
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$268.00K	USD	2 Qtrs
Net cash provided by / (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.58M	USD	2 Qtrs
Net cash provided by / (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$18.27M	USD	2 Qtrs

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