10-Q Filing

HOOKER FURNISHINGS CORP CIK: 1077688 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001185185-12-001302`
Period End Date	20120430
Filing Date	20120606
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	hoft-20120429.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 28 Cash Flow Statement 66 Comprehensive Income 10

Balance Sheet 55 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.44M	USD	Point-in-time
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.63M	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`	$19.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$40.35M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.62M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.78M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$47.98M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.79M	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $1,442 and $1,632, respectively	`AccountsNotesAndLoansReceivableNetCurrent`	$23.96M	USD	Point-in-time
Common stock, shares oustanding	`CommonStockSharesOutstanding`	10.79M	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $1,442 and $1,632, respectively	`AccountsNotesAndLoansReceivableNetCurrent`	$25.81M	USD	Point-in-time
Common stock, shares oustanding	`CommonStockSharesOutstanding`	10.78M	shares	Point-in-time
Inventories	`InventoryNet`	$30.52M	USD	Point-in-time
Inventories	`InventoryNet`	$34.14M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.19M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.39M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$104.49M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$105.85M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$21.67M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$23.27M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$1.26M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$1.26M	USD	Point-in-time
Cash surrender value of life insurance policies	`CashSurrenderValueOfLifeInsurance`	$16.22M	USD	Point-in-time
Cash surrender value of life insurance policies	`CashSurrenderValueOfLifeInsurance`	$16.81M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.60M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.54M	USD	Point-in-time
Total assets	`Assets`	$152.79M	USD	Point-in-time
Total assets	`Assets`	$149.17M	USD	Point-in-time
Total assets	`Assets`	$148.44M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$9.23M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$13.41M	USD	Point-in-time
Accrued salaries, wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$3.85M	USD	Point-in-time
Accrued salaries, wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$2.66M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$1.42M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$792.00K	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`	$14.96M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$18.57M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$7.10M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$7.13M	USD	Point-in-time
Total liabilities	`Liabilities`	$25.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$22.06M	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`	$17.26M	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`	$17.30M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$109.74M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$109.68M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$109.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$100.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$127.08M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$127.11M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$152.79M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$149.17M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$58.39M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$51.73M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$47.36M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$40.81M	USD	1 Quarter
Gross profit	`GrossProfit`	$11.03M	USD	1 Quarter
Gross profit	`GrossProfit`	$10.92M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$9.39M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$10.29M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$747.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.53M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$44.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$54.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.57M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$801.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$552.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$278.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.02M	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`	$0.09	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.05	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.76M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.77M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.79M	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 66 line items

Line Item	Tag	Value	Unit	Period
Cash received from customers	`ProceedsFromCustomers`	$53.63M	USD	1 Quarter
Cash received from customers	`ProceedsFromCustomers`	$56.96M	USD	1 Quarter
Cash paid to suppliers and employees	`PaymentsToSuppliersAndEmployees`	$42.55M	USD	1 Quarter
Cash paid to suppliers and employees	`PaymentsToSuppliersAndEmployees`	$51.59M	USD	1 Quarter
Income taxes (paid) / received, net	`IncomeTaxesPaidNet`	$14.00K	USD	1 Quarter
Income taxes (paid) / received, net	`IncomeTaxesPaidNet`	$-204.00K	USD	1 Quarter
Interest (paid) / received, net	`InterestReceivedPaidNet`	$8.00K	USD	1 Quarter
Interest (paid) / received, net	`InterestReceivedPaidNet`	$-23.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.59M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$11.06M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.21M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$969.00K	USD	1 Quarter
Proceeds received on notes issued for the sale of property, plant and equipment	`ProceedsFromCollectionOfNotesReceivable`	$9.00K	USD	1 Quarter
Proceeds received on notes issued for the sale of property, plant and equipment	`ProceedsFromCollectionOfNotesReceivable`	$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`	$30.00K	USD	1 Quarter
Premiums paid on company-owned life insurance	`PaymentsToAcquireLifeInsurancePolicies`	$187.00K	USD	1 Quarter
Premiums paid on company-owned life insurance	`PaymentsToAcquireLifeInsurancePolicies`	$187.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.36M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.15M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$1.08M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$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`	$7.62M	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`	$40.35M	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`	$47.98M	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`	$40.35M	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`	$47.98M	USD	Point-in-time
Net income	`NetIncomeLoss`	$1.02M	USD	1 Quarter
Net income	`NetIncomeLoss`	$523.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$595.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$632.00K	USD	1 Quarter
Non-cash restricted stock awards and performance grants	`ShareBasedCompensation`	$58.00K	USD	1 Quarter
Non-cash restricted stock awards and performance grants	`ShareBasedCompensation`	$-123.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$187.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$160.00K	USD	1 Quarter
Restructuring credit	`RestructuringCharges`	$-129.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-312.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$5.00K	USD	1 Quarter
(Gain) on disposal of property	`GainLossOnDispositionOfProperty`	$13.00K	USD	1 Quarter
(Gain) on disposal of property	`GainLossOnDispositionOfProperty`	$3.00K	USD	1 Quarter
(Gain) on insurance policies	`PaymentsForProceedsFromLifeInsurancePolicies`	$126.00K	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.65M	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.69M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-8.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-3.61M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$330.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-450.00K	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.18M	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.16M	USD	1 Quarter
Accrued salaries, wages, and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-789.00K	USD	1 Quarter
Accrued salaries, wages, and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-1.20M	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$533.00K	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`	$100.00K	USD	1 Quarter
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$-6.00K	USD	1 Quarter
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$215.00K	USD	1 Quarter
Net cash provided by operating activties	`NetCashProvidedByUsedInOperatingActivities`	$5.59M	USD	1 Quarter
Net cash provided by operating activties	`NetCashProvidedByUsedInOperatingActivities`	$11.06M	USD	1 Quarter

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$1.02M	USD	1 Quarter
Taxes on actuarial gain	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$6.00K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$523.00K	USD	1 Quarter
Taxes on actuarial gain	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$30.00K	USD	1 Quarter
Amortization of actuarial gain net of tax of $6 and $30, respectively	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$9.00K	USD	1 Quarter
Amortization of actuarial gain net of tax of $6 and $30, respectively	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$51.00K	USD	1 Quarter
Adjustments to net periodic benefit cost	`OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostNetOfTax`	$-9.00K	USD	1 Quarter
Adjustments to net periodic benefit cost	`OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostNetOfTax`	$-51.00K	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$1.01M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$472.00K	USD	1 Quarter

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