10-Q Filing

HOOKER FURNISHINGS CORP CIK: 1077688 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001185185-11-002162`
Period End Date	20111031
Filing Date	20111208
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	hoft-20111030.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 63 Cash Flow Statement 69

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.75M	USD	Point-in-time
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.08M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.46M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$32.70M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $1,752 and $2,082, respectively	`AccountsNotesAndLoansReceivableNetCurrent`	$27.67M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.79M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.78M	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $1,752 and $2,082, respectively	`AccountsNotesAndLoansReceivableNetCurrent`	$26.40M	USD	Point-in-time
Common stock, shares oustanding	`CommonStockSharesOutstanding`	10.79M	shares	Point-in-time
Inventories	`InventoryNet`	$42.94M	USD	Point-in-time
Common stock, shares oustanding	`CommonStockSharesOutstanding`	10.78M	shares	Point-in-time
Inventories	`InventoryNet`	$57.44M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.45M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.96M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$107.49M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$106.70M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$20.66M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$20.95M	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`	$15.83M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.46M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.95M	USD	Point-in-time
Total assets	`Assets`	$151.80M	USD	Point-in-time
Total assets	`Assets`	$150.41M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$11.15M	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`	$3.22M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$1.11M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$1.73M	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`	$17.18M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$6.24M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$6.74M	USD	Point-in-time
Total liabilities	`Liabilities`	$23.92M	USD	Point-in-time
Total liabilities	`Liabilities`	$23.64M	USD	Point-in-time
Common stock, no par value, 20,000 shares authorized, 10,793 and 10,782 shares issued and oustanding on each date, respectively	`CommonStockValue`	$17.23M	USD	Point-in-time
Common stock, no par value, 20,000 shares authorized, 10,793 and 10,782 shares issued and oustanding on each date, respectively	`CommonStockValue`	$17.16M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$109.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$110.19M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$456.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$609.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$127.88M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$126.77M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$151.80M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$150.41M	USD	Point-in-time

Income Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$55.73M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$54.18M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$168.15M	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$160.47M	USD	3 Qtrs
Cost of sales	`CostOfGoodsSold`	$43.46M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$123.97M	USD	3 Qtrs
Cost of sales	`CostOfGoodsSold`	$132.21M	USD	3 Qtrs
Cost of sales	`CostOfGoodsSold`	$41.44M	USD	1 Quarter
Casualty loss	`CasualtyLoss`	$2.21M	USD	3 Qtrs
Insurance recovery	`InsuranceRecoveries`	$1.71M	USD	3 Qtrs
Total cost of sales	`CostOfGoodsAndServicesSold`	$43.46M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$132.21M	USD	3 Qtrs
Total cost of sales	`CostOfGoodsAndServicesSold`	$41.44M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$124.47M	USD	3 Qtrs
Gross profit	`GrossProfit`	$12.28M	USD	1 Quarter
Gross profit	`GrossProfit`	$12.74M	USD	1 Quarter
Gross profit	`GrossProfit`	$36.00M	USD	3 Qtrs
Gross profit	`GrossProfit`	$35.93M	USD	3 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$31.06M	USD	3 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$10.03M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$10.61M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$29.99M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$1.67M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$2.71M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$4.94M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$5.95M	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$198.00K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$83.00K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$117.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$27.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$5.02M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.69M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.14M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.82M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.72M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$522.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.60M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$563.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.43M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$3.42M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.26M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.17M	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.32	USD	3 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.41	USD	3 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.21	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.11	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.21	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.41	USD	3 Qtrs
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.32	USD	3 Qtrs
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.11	USD	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.76M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.76M	shares	3 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.76M	shares	3 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.76M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.77M	shares	3 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.79M	shares	3 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.78M	shares	1 Quarter
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`	$0.30	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	2 Qtrs

Cash Flow Statement 69 line items

Line Item	Tag	Value	Unit	Period
Cash received from customers	`ProceedsFromCustomers`	$169.58M	USD	3 Qtrs
Cash received from customers	`ProceedsFromCustomers`	$156.39M	USD	3 Qtrs
Cash paid to suppliers and employees	`PaymentsToSuppliersAndEmployees`	$-146.37M	USD	3 Qtrs
Cash paid to suppliers and employees	`PaymentsToSuppliersAndEmployees`	$-168.37M	USD	3 Qtrs
Insurance proceeds received on casualty loss	`ProceedsFromInsuranceSettlementOperatingActivities`	$1.71M	USD	3 Qtrs
Income taxes paid, net	`IncomeTaxesPaid`	$-1.08M	USD	3 Qtrs
Income taxes paid, net	`IncomeTaxesPaid`	$-3.09M	USD	3 Qtrs
Interest received / (paid), net	`InterestPaid`	$-60.00K	USD	3 Qtrs
Interest received / (paid), net	`InterestPaid`	$17.00K	USD	3 Qtrs
Net cash provided by / (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$22.15M	USD	3 Qtrs
Net cash provided by / (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-13.42M	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.44M	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$688.00K	USD	3 Qtrs
Proceeds received on notes issued for the sale of property, plant and equipment	`ProceedsFromSaleOfOtherProductiveAssets`	$23.00K	USD	3 Qtrs
Proceeds received on notes issued for the sale of property, plant and equipment	`ProceedsFromSaleOfOtherProductiveAssets`	$26.00K	USD	3 Qtrs
Proceeds from the sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$125.00K	USD	3 Qtrs
Proceeds from the sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.00K	USD	3 Qtrs
Premiums paid on company-owned life insurance	`PaymentsToAcquireLifeInsurancePolicies`	$1.11M	USD	3 Qtrs
Premiums paid on company-owned life insurance	`PaymentsToAcquireLifeInsurancePolicies`	$1.32M	USD	3 Qtrs
Proceeds received on officers' life insurance	`ProceedsFromLifeInsurancePolicies`	$1.10M	USD	3 Qtrs
Proceeds received on officers' life insurance	`ProceedsFromLifeInsurancePolicies`	$560.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.84M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-882.00K	USD	3 Qtrs
Cash dividends paid	`PaymentsOfOrdinaryDividends`	$3.23M	USD	3 Qtrs
Cash dividends paid	`PaymentsOfOrdinaryDividends`	$3.23M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.23M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.23M	USD	3 Qtrs
Net increase / (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-17.54M	USD	3 Qtrs
Net increase / (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$16.07M	USD	3 Qtrs
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 beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$20.46M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$32.70M	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
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`	$32.70M	USD	Point-in-time
Net income	`NetIncomeLoss`	$4.43M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$3.42M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.26M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.17M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.93M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.25M	USD	3 Qtrs
Non-cash restricted stock awards and performance grants	`ShareBasedCompensation`	$58.00K	USD	3 Qtrs
Non-cash restricted stock awards and performance grants	`ShareBasedCompensation`	$-70.00K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$395.00K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$170.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-745.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$16.00K	USD	3 Qtrs
Loss on disposal of property	`GainLossOnDispositionOfProperty`	$108.00K	USD	3 Qtrs
Loss on disposal of property	`GainLossOnDispositionOfProperty`	$9.00K	USD	3 Qtrs
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.91M	USD	3 Qtrs
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.10M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$14.50M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-19.45M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-197.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-949.00K	USD	3 Qtrs
Trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$-632.00K	USD	3 Qtrs
Trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.84M	USD	3 Qtrs
Accrued salaries, wages, and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-41.00K	USD	3 Qtrs
Accrued salaries, wages, and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$243.00K	USD	3 Qtrs
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$621.00K	USD	3 Qtrs
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-253.00K	USD	3 Qtrs
Other accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$-164.00K	USD	3 Qtrs
Other accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$-38.00K	USD	3 Qtrs
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$703.00K	USD	3 Qtrs
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$391.00K	USD	3 Qtrs
Net cash provided by / (used in) operating activties	`NetCashProvidedByUsedInOperatingActivities`	$22.15M	USD	3 Qtrs
Net cash provided by / (used in) operating activties	`NetCashProvidedByUsedInOperatingActivities`	$-13.42M	USD	3 Qtrs

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