10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001185185-17-001356 |
| Period End Date | 20170430 |
| Filing Date | 20170608 |
| Fiscal Year | 2017 |
| Fiscal Period | Q1 |
| XBRL Instance | hoft-20170430.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
70 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
20.00M | shares | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
20.00M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
11.56M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
11.59M | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
11.56M | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
11.59M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$39.79M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$53.78M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$53.92M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$32.35M | USD | Point-in-time |
| Trade accounts receivable, net |
AccountsReceivableNetCurrent
|
$92.58M | USD | Point-in-time |
| Trade accounts receivable, net |
AccountsReceivableNetCurrent
|
$69.46M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$75.30M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$79.44M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$3.54M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$4.24M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$206.22M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$211.92M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$25.80M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$25.70M | USD | Point-in-time |
| Cash surrender value of life insurance policies |
CashSurrenderValueOfLifeInsurance
|
$22.37M | USD | Point-in-time |
| Cash surrender value of life insurance policies |
CashSurrenderValueOfLifeInsurance
|
$22.69M | USD | Point-in-time |
| Deferred taxes |
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
$7.26M | USD | Point-in-time |
| Deferred taxes |
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
$4.97M | USD | Point-in-time |
| Intangible assets |
IntangibleAssetsNetExcludingGoodwill
|
$25.92M | USD | Point-in-time |
| Intangible assets |
IntangibleAssetsNetExcludingGoodwill
|
$25.59M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$23.19M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$23.19M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$2.24M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$2.23M | USD | Point-in-time |
| Total non-current assets |
AssetsNoncurrent
|
$106.78M | USD | Point-in-time |
| Total non-current assets |
AssetsNoncurrent
|
$104.36M | USD | Point-in-time |
| Total assets |
Assets
|
$310.58M | USD | Point-in-time |
| Total assets |
Assets
|
$318.70M | USD | Point-in-time |
| Current portion of term loan |
LongTermDebtCurrent
|
$5.82M | USD | Point-in-time |
| Current portion of term loan |
LongTermDebtCurrent
|
$5.82M | USD | Point-in-time |
| Trade accounts payable |
AccountsPayableCurrent
|
$29.70M | USD | Point-in-time |
| Trade accounts payable |
AccountsPayableCurrent
|
$36.55M | USD | Point-in-time |
| Accrued salaries, wages and benefits |
EmployeeRelatedLiabilitiesCurrent
|
$4.45M | USD | Point-in-time |
| Accrued salaries, wages and benefits |
EmployeeRelatedLiabilitiesCurrent
|
$8.39M | USD | Point-in-time |
| Income tax accrual |
AccruedIncomeTaxesCurrent
|
$4.35M | USD | Point-in-time |
| Income tax accrual |
AccruedIncomeTaxesCurrent
|
$4.32M | USD | Point-in-time |
| Customer deposits |
CustomerDepositsCurrent
|
$5.61M | USD | Point-in-time |
| Customer deposits |
CustomerDepositsCurrent
|
$6.12M | USD | Point-in-time |
| Other accrued expenses |
OtherAccruedLiabilitiesCurrent
|
$3.37M | USD | Point-in-time |
| Other accrued expenses |
OtherAccruedLiabilitiesCurrent
|
$2.95M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$53.40M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$64.06M | USD | Point-in-time |
| Long term debt |
LongTermDebtNoncurrent
|
$40.31M | USD | Point-in-time |
| Long term debt |
LongTermDebtNoncurrent
|
$41.77M | USD | Point-in-time |
| Deferred compensation |
DeferredCompensationLiabilityClassifiedNoncurrent
|
$10.84M | USD | Point-in-time |
| Deferred compensation |
DeferredCompensationLiabilityClassifiedNoncurrent
|
$10.85M | USD | Point-in-time |
| Pension plan |
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
$3.40M | USD | Point-in-time |
| Pension plan |
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
$3.50M | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$589.00K | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$809.00K | USD | Point-in-time |
| Total long-term liabilities |
LiabilitiesNoncurrent
|
$55.36M | USD | Point-in-time |
| Total long-term liabilities |
LiabilitiesNoncurrent
|
$56.71M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$108.75M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$120.77M | USD | Point-in-time |
| Common stock, no par value, 20,000 shares authorized, 11,586 and 11,563 shares issued and outstanding on each date |
CommonStockValue
|
$39.75M | USD | Point-in-time |
| Common stock, no par value, 20,000 shares authorized, 11,586 and 11,563 shares issued and outstanding on each date |
CommonStockValue
|
$40.29M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$157.69M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$161.05M | USD | Point-in-time |
| Accumulated other comprehensive income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$486.00K | USD | Point-in-time |
| Accumulated other comprehensive income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$496.00K | USD | Point-in-time |
| Total shareholders equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$197.93M | USD | Point-in-time |
| Total shareholders equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$201.83M | USD | Point-in-time |
| Total liabilities and shareholders equity |
LiabilitiesAndStockholdersEquity
|
$318.70M | USD | Point-in-time |
| Total liabilities and shareholders equity |
LiabilitiesAndStockholdersEquity
|
$310.58M | USD | Point-in-time |
Income Statement
32 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
SalesRevenueGoodsNet
|
$121.83M | USD | 1 Quarter |
| Net sales |
SalesRevenueGoodsNet
|
$130.87M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsSold
|
$95.23M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsSold
|
$102.73M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$28.14M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$26.60M | USD | 1 Quarter |
| Selling and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$20.70M | USD | 1 Quarter |
| Selling and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$20.94M | USD | 1 Quarter |
| Intangible asset amortization |
AmortizationOfIntangibleAssets
|
$1.65M | USD | 1 Quarter |
| Intangible asset amortization |
AmortizationOfIntangibleAssets
|
$334.00K | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$7.11M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$4.00M | USD | 1 Quarter |
| Other income, net |
OtherNonoperatingIncomeExpense
|
$223.00K | USD | 1 Quarter |
| Other income, net |
OtherNonoperatingIncomeExpense
|
$159.00K | USD | 1 Quarter |
| Interest expense, net |
InterestIncomeExpenseNet
|
$-251.00K | USD | 1 Quarter |
| Interest expense, net |
InterestIncomeExpenseNet
|
$-263.00K | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$3.90M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$7.08M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$2.33M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$1.40M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$2.50M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$4.75M | USD | 1 Quarter |
| Basic (in Dollars per share) |
EarningsPerShareBasic
|
$0.41 | USD | 1 Quarter |
| Basic (in Dollars per share) |
EarningsPerShareBasic
|
$0.22 | USD | 1 Quarter |
| Diluted (in Dollars per share) |
EarningsPerShareDiluted
|
$0.41 | USD | 1 Quarter |
| Diluted (in Dollars per share) |
EarningsPerShareDiluted
|
$0.22 | USD | 1 Quarter |
| Basic (in Shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
11.52M | shares | 1 Quarter |
| Basic (in Shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
11.54M | shares | 1 Quarter |
| Diluted (in Shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
11.58M | shares | 1 Quarter |
| Diluted (in Shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
11.54M | shares | 1 Quarter |
| Cash dividends declared per share (in Dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.12 | USD | 1 Quarter |
| Cash dividends declared per share (in Dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.10 | USD | 1 Quarter |
Cash Flow Statement
74 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$2.50M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$4.75M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$1.36M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$2.79M | USD | 1 Quarter |
| Gain on disposal of assets |
GainLossOnDispositionOfAssets1
|
$15.00K | USD | 1 Quarter |
| Gain on disposal of assets |
GainLossOnDispositionOfAssets1
|
$20.00K | USD | 1 Quarter |
| Deferred income tax expense (benefit) |
DeferredIncomeTaxExpenseBenefitIncludingTaxReserves
|
$-1.28M | USD | 1 Quarter |
| Deferred income tax expense (benefit) |
DeferredIncomeTaxExpenseBenefitIncludingTaxReserves
|
$2.29M | USD | 1 Quarter |
| Noncash restricted stock and performance awards |
ShareBasedCompensation
|
$629.00K | USD | 1 Quarter |
| Noncash restricted stock and performance awards |
ShareBasedCompensation
|
$646.00K | USD | 1 Quarter |
| Provision for doubtful accounts |
ProvisionForDoubtfulAccounts
|
$16.00K | USD | 1 Quarter |
| Provision for doubtful accounts |
ProvisionForDoubtfulAccounts
|
$13.00K | USD | 1 Quarter |
| Trade accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-13.55M | USD | 1 Quarter |
| Trade accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-23.11M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$4.14M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$-3.65M | USD | 1 Quarter |
| Gain on life insurance policies |
GainOnLifeInsurancePolicies
|
$181.00K | USD | 1 Quarter |
| Gain on life insurance policies |
GainOnLifeInsurancePolicies
|
$150.00K | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-696.00K | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-335.00K | USD | 1 Quarter |
| Trade accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-6.90M | USD | 1 Quarter |
| Trade accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-5.62M | USD | 1 Quarter |
| Accrued salaries, wages, and benefits |
IncreaseDecreaseInEmployeeRelatedLiabilities
|
$-2.24M | USD | 1 Quarter |
| Accrued salaries, wages, and benefits |
IncreaseDecreaseInEmployeeRelatedLiabilities
|
$-4.14M | USD | 1 Quarter |
| Accrued income taxes |
IncreaseDecreaseInAccruedLiabilities
|
$23.00K | USD | 1 Quarter |
| Accrued income taxes |
IncreaseDecreaseInAccruedLiabilities
|
$376.00K | USD | 1 Quarter |
| Customer deposits |
IncreaseDecreaseInCustomerDeposits
|
$520.00K | USD | 1 Quarter |
| Customer deposits |
IncreaseDecreaseInCustomerDeposits
|
$651.00K | USD | 1 Quarter |
| Other accrued expenses |
IncreaseDecreaseInOtherAccruedLiabilities
|
$-418.00K | USD | 1 Quarter |
| Other accrued expenses |
IncreaseDecreaseInOtherAccruedLiabilities
|
$-639.00K | USD | 1 Quarter |
| Deferred compensation |
IncreaseDecreaseInDeferredCompensation
|
$-25.00K | USD | 1 Quarter |
| Deferred compensation |
IncreaseDecreaseInDeferredCompensation
|
$-18.00K | USD | 1 Quarter |
| Other long-term liabilities |
IncreaseDecreaseInOtherNoncurrentLiabilities
|
$223.00K | USD | 1 Quarter |
| Other long-term liabilities |
IncreaseDecreaseInOtherNoncurrentLiabilities
|
$-40.00K | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$17.84M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$14.46M | USD | 1 Quarter |
| Acquisition of Home Meridian |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
- | USD | 1 Quarter |
| Acquisition of Home Meridian |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$86.06M | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$867.00K | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$703.00K | USD | 1 Quarter |
| Proceeds received on notes from sale of assets |
ProceedsFromCollectionOfNotesReceivable
|
$30.00K | USD | 1 Quarter |
| Proceeds received on notes from sale of assets |
ProceedsFromCollectionOfNotesReceivable
|
$26.00K | USD | 1 Quarter |
| Premiums paid on life insurance policies |
PaymentsToAcquireLifeInsurancePolicies
|
$174.00K | USD | 1 Quarter |
| Premiums paid on life insurance policies |
PaymentsToAcquireLifeInsurancePolicies
|
$163.00K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-86.91M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-1.00M | USD | 1 Quarter |
| Proceeds from long-term debt |
ProceedsFromIssuanceOfLongTermDebt
|
- | USD | 1 Quarter |
| Proceeds from long-term debt |
ProceedsFromIssuanceOfLongTermDebt
|
$60.00M | USD | 1 Quarter |
| Payments for long-term debt |
RepaymentsOfLongTermDebt
|
$1.46M | USD | 1 Quarter |
| Payments for long-term debt |
RepaymentsOfLongTermDebt
|
$7.80M | USD | 1 Quarter |
| Debt issuance cost |
PaymentsOfDebtIssuanceCosts
|
- | USD | 1 Quarter |
| Debt issuance cost |
PaymentsOfDebtIssuanceCosts
|
$165.00K | USD | 1 Quarter |
| Cash dividends paid |
PaymentsOfDividendsCommonStock
|
$1.15M | USD | 1 Quarter |
| Cash dividends paid |
PaymentsOfDividendsCommonStock
|
$1.39M | USD | 1 Quarter |
| Net cash (used in) provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$50.88M | USD | 1 Quarter |
| Net cash (used in) provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-2.85M | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$13.99M | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-21.57M | USD | 1 Quarter |
| Cash and cash equivalents - beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$39.79M | USD | Point-in-time |
| Cash and cash equivalents - beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$53.78M | USD | Point-in-time |
| Cash and cash equivalents - beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$53.92M | USD | Point-in-time |
| Cash and cash equivalents - beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$32.35M | USD | Point-in-time |
| Cash and cash equivalents - end of quarter |
CashAndCashEquivalentsAtCarryingValue
|
$39.79M | USD | Point-in-time |
| Cash and cash equivalents - end of quarter |
CashAndCashEquivalentsAtCarryingValue
|
$53.78M | USD | Point-in-time |
| Cash and cash equivalents - end of quarter |
CashAndCashEquivalentsAtCarryingValue
|
$53.92M | USD | Point-in-time |
| Cash and cash equivalents - end of quarter |
CashAndCashEquivalentsAtCarryingValue
|
$32.35M | USD | Point-in-time |
| Cash paid for income taxes |
IncomeTaxesPaid
|
$2.31M | USD | 1 Quarter |
| Cash paid for income taxes |
IncomeTaxesPaid
|
$23.00K | USD | 1 Quarter |
| Cash paid for interest, net |
InterestPaidNet
|
$164.00K | USD | 1 Quarter |
| Cash paid for interest, net |
InterestPaidNet
|
$243.00K | USD | 1 Quarter |
| Acquisition cost paid in common stock |
StockIssued1
|
$20.27M | USD | 1 Quarter |
| Acquisition cost paid in common stock |
StockIssued1
|
- | USD | 1 Quarter |
| Increase in property and equipment through accrued purchases |
FairValueOfAssetsAcquired
|
$44.00K | USD | 1 Quarter |
| Increase in property and equipment through accrued purchases |
FairValueOfAssetsAcquired
|
$49.00K | USD | 1 Quarter |
Comprehensive Income
10 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net Income |
NetIncomeLoss
|
$2.50M | USD | 1 Quarter |
| Net Income |
NetIncomeLoss
|
$4.75M | USD | 1 Quarter |
| Amortization of actuarial loss (gain) |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
|
$-15.00K | USD | 1 Quarter |
| Amortization of actuarial loss (gain) |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
|
$17.00K | USD | 1 Quarter |
| Income tax effect on amortization |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
|
$5.00K | USD | 1 Quarter |
| Income tax effect on amortization |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
|
$-5.00K | USD | 1 Quarter |
| Adjustments to net periodic benefit cost |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
|
$-10.00K | USD | 1 Quarter |
| Adjustments to net periodic benefit cost |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
|
$12.00K | USD | 1 Quarter |
| Total comprehensive Income |
ComprehensiveIncomeNetOfTax
|
$2.49M | USD | 1 Quarter |
| Total comprehensive Income |
ComprehensiveIncomeNetOfTax
|
$4.76M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.