10-Q Filing

HOOKER FURNISHINGS CORP CIK: 1077688 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001185185-13-001293`
Period End Date	20130430
Filing Date	20130612
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	hoft-20130505.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 28 Cash Flow Statement 67 Comprehensive Income 8

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.08M	USD	Point-in-time
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.25M	USD	Point-in-time
Common stock, shares authorized (in Shares)	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Common stock, shares authorized (in Shares)	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Common stock, shares issued (in Shares)	`CommonStockSharesIssued`	10.75M	shares	Point-in-time
Common stock, shares issued (in Shares)	`CommonStockSharesIssued`	10.75M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.34M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$47.98M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.73M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$40.35M	USD	Point-in-time
Common stock, shares oustanding (in Shares)	`CommonStockSharesOutstanding`	10.75M	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $1,085 and $1,249, respectively	`AccountsNotesAndLoansReceivableNetCurrent`	$26.43M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $1,085 and $1,249, respectively	`AccountsNotesAndLoansReceivableNetCurrent`	$28.27M	USD	Point-in-time
Common stock, shares oustanding (in Shares)	`CommonStockSharesOutstanding`	10.75M	shares	Point-in-time
Inventories	`InventoryNet`	$49.87M	USD	Point-in-time
Inventories	`InventoryNet`	$46.51M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.65M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.57M	USD	Point-in-time
Deferred taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$1.61M	USD	Point-in-time
Deferred taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$1.57M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$105.89M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$109.67M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$23.12M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$22.83M	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`	$17.36M	USD	Point-in-time
Cash surrender value of life insurance policies	`CashSurrenderValueOfLifeInsurance`	$17.72M	USD	Point-in-time
Deferred taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$4.38M	USD	Point-in-time
Deferred taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$4.43M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$331.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$331.00K	USD	Point-in-time
Total assets	`Assets`	$155.82M	USD	Point-in-time
Total assets	`Assets`	$152.76M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$11.62M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$9.22M	USD	Point-in-time
Accrued salaries, wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$2.60M	USD	Point-in-time
Accrued salaries, wages and benefits	`EmployeeRelatedLiabilitiesCurrent`	$3.32M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$1.24M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$2.53M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.07M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.47M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$7.56M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$7.31M	USD	Point-in-time
Total liabilities	`Liabilities`	$20.63M	USD	Point-in-time
Total liabilities	`Liabilities`	$24.78M	USD	Point-in-time
Common stock, no par value, 20,000 shares authorized, 10,746 shares issued and outstanding on each date, respectively	`CommonStockValue`	$17.36M	USD	Point-in-time
Common stock, no par value, 20,000 shares authorized, 10,746 shares issued and outstanding on each date, respectively	`CommonStockValue`	$17.41M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$113.48M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$114.54M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$185.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$202.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$132.13M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$131.04M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$155.82M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$152.76M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$56.30M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$51.73M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$42.38M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$40.81M	USD	1 Quarter
Gross profit	`GrossProfit`	$10.92M	USD	1 Quarter
Gross profit	`GrossProfit`	$13.92M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$10.68M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$9.39M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$3.23M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.53M	USD	1 Quarter
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$-32.00K	USD	1 Quarter
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$44.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.20M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.57M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$552.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.08M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.02M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.13M	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.20	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.20	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.77M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.72M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.75M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.79M	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 67 line items

Line Item	Tag	Value	Unit	Period
Cash received from customers	`ProceedsFromCustomers`	$58.13M	USD	1 Quarter
Cash received from customers	`ProceedsFromCustomers`	$53.63M	USD	1 Quarter
Cash paid to suppliers and employees	`PaymentsToSuppliersAndEmployees`	$-42.55M	USD	1 Quarter
Cash paid to suppliers and employees	`PaymentsToSuppliersAndEmployees`	$-51.99M	USD	1 Quarter
Income taxes paid, net	`IncomeTaxesPaidNet`	$-14.00K	USD	1 Quarter
Income taxes paid, net	`IncomeTaxesPaidNet`	$-2.12M	USD	1 Quarter
Interest paid, net	`InterestPaidNet`	$-34.00K	USD	1 Quarter
Interest paid, net	`InterestPaidNet`	$-8.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.99M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$11.06M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$880.00K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.21M	USD	1 Quarter
Proceeds received on notes issued for the sale of property, plant and equipment	`ProceedsFromCollectionOfNotesReceivable`	$14.00K	USD	1 Quarter
Proceeds received on notes issued for the sale of property, plant and equipment	`ProceedsFromCollectionOfNotesReceivable`	$9.00K	USD	1 Quarter
Proceeds from the sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$8.00K	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`	$190.00K	USD	1 Quarter
Premiums paid on company-owned life insurance	`PaymentsToAcquireLifeInsurancePolicies`	$187.00K	USD	1 Quarter
Proceeds received on company-owned life insurance	`ProceedsFromLifeInsurancePolicies`	$516.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-532.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.36M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$1.07M	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`	$-1.07M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.39M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.62M	USD	1 Quarter
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$26.34M	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 beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$28.73M	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 end of the period	`CashAndCashEquivalentsAtCarryingValue`	$26.34M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$47.98M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$28.73M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$40.35M	USD	Point-in-time
Net income	`NetIncomeLoss`	$1.02M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.13M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$584.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$595.00K	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`	$229.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$160.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$75.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-5.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$5.00K	USD	1 Quarter
Gain on disposal of property	`GainLossOnDispositionOfAssets`	$13.00K	USD	1 Quarter
Gain on disposal of property	`GainLossOnDispositionOfAssets`	$8.00K	USD	1 Quarter
Gain on insurance policies	`GainOnLifeInsurancePolicies`	$135.00K	USD	1 Quarter
Gain on insurance policies	`GainOnLifeInsurancePolicies`	$126.00K	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.69M	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.76M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$3.61M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$3.37M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$450.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$832.00K	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.18M	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.88M	USD	1 Quarter
Accrued salaries, wages, and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-712.00K	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`	$-1.03M	USD	1 Quarter
Other accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$100.00K	USD	1 Quarter
Other accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$-256.00K	USD	1 Quarter
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$45.00K	USD	1 Quarter
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$-6.00K	USD	1 Quarter
Net cash provided by operating activties	`NetCashProvidedByUsedInOperatingActivities`	$3.99M	USD	1 Quarter
Net cash provided by operating activties	`NetCashProvidedByUsedInOperatingActivities`	$11.06M	USD	1 Quarter

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$1.02M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$2.13M	USD	1 Quarter
Amortization of actuarial gain net of tax of $10 and $6, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax`	$17.00K	USD	1 Quarter
Amortization of actuarial gain net of tax of $10 and $6, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax`	$9.00K	USD	1 Quarter
Adjustments to net periodic benefit cost	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax`	$17.00K	USD	1 Quarter
Adjustments to net periodic benefit cost	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax`	$9.00K	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$2.11M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$1.01M	USD	1 Quarter

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