10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001185185-18-001101 |
| Period End Date | 20180430 |
| Filing Date | 20180608 |
| Fiscal Year | 2018 |
| Fiscal Period | Q1 |
| XBRL Instance | hoft-20180429.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
|
11.77M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
11.76M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$46.56M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$53.78M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$39.79M | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
11.77M | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
11.76M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$30.91M | USD | Point-in-time |
| Trade accounts receivable, net |
AccountsReceivableNetCurrent
|
$92.46M | USD | Point-in-time |
| Trade accounts receivable, net |
AccountsReceivableNetCurrent
|
$74.81M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$84.46M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$84.20M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$5.57M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$5.31M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$211.14M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$213.15M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$29.25M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$28.57M | USD | Point-in-time |
| Cash surrender value of life insurance policies |
CashSurrenderValueOfLifeInsurance
|
$23.62M | USD | Point-in-time |
| Cash surrender value of life insurance policies |
CashSurrenderValueOfLifeInsurance
|
$23.07M | USD | Point-in-time |
| Deferred taxes |
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
$3.26M | USD | Point-in-time |
| Deferred taxes |
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
$1.62M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$38.14M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$37.54M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$40.06M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$40.06M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$2.23M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$2.27M | USD | Point-in-time |
| Total non-current assets |
AssetsNoncurrent
|
$133.13M | USD | Point-in-time |
| Total non-current assets |
AssetsNoncurrent
|
$136.57M | USD | Point-in-time |
| Total assets |
Assets
|
$344.27M | USD | Point-in-time |
| Total assets |
Assets
|
$349.72M | USD | Point-in-time |
| Current portion of term loans |
LongTermDebtCurrent
|
$6.94M | USD | Point-in-time |
| Current portion of term loans |
LongTermDebtCurrent
|
$7.53M | USD | Point-in-time |
| Trade accounts payable |
AccountsPayableCurrent
|
$34.89M | USD | Point-in-time |
| Trade accounts payable |
AccountsPayableCurrent
|
$32.69M | USD | Point-in-time |
| Accrued salaries, wages and benefits |
EmployeeRelatedLiabilitiesCurrent
|
$9.22M | USD | Point-in-time |
| Accrued salaries, wages and benefits |
EmployeeRelatedLiabilitiesCurrent
|
$6.36M | USD | Point-in-time |
| Income tax accrual |
AccruedIncomeTaxesCurrent
|
$4.02M | USD | Point-in-time |
| Income tax accrual |
AccruedIncomeTaxesCurrent
|
$3.71M | USD | Point-in-time |
| Customer deposits |
CustomerDepositsCurrent
|
$3.95M | USD | Point-in-time |
| Customer deposits |
CustomerDepositsCurrent
|
$4.34M | USD | Point-in-time |
| Other accrued expenses |
OtherAccruedLiabilitiesCurrent
|
$2.89M | USD | Point-in-time |
| Other accrued expenses |
OtherAccruedLiabilitiesCurrent
|
$3.38M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$59.99M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$59.94M | USD | Point-in-time |
| Long term debt |
LongTermDebtNoncurrent
|
$34.49M | USD | Point-in-time |
| Long term debt |
LongTermDebtNoncurrent
|
$45.78M | USD | Point-in-time |
| Deferred compensation |
DeferredCompensationLiabilityClassifiedNoncurrent
|
$11.16M | USD | Point-in-time |
| Deferred compensation |
DeferredCompensationLiabilityClassifiedNoncurrent
|
$11.26M | USD | Point-in-time |
| Pension plan |
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
$2.44M | USD | Point-in-time |
| Pension plan |
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
$2.35M | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$924.00K | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$886.00K | USD | Point-in-time |
| Total long-term liabilities |
LiabilitiesNoncurrent
|
$60.27M | USD | Point-in-time |
| Total long-term liabilities |
LiabilitiesNoncurrent
|
$49.02M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$108.95M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$120.26M | USD | Point-in-time |
| Common stock, no par value, 20,000 shares authorized, 11,768 and 11,762 shares issued and outstanding on each date |
CommonStockValue
|
$48.97M | USD | Point-in-time |
| Common stock, no par value, 20,000 shares authorized, 11,768 and 11,762 shares issued and outstanding on each date |
CommonStockValue
|
$49.08M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$185.73M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$180.12M | USD | Point-in-time |
| Accumulated other comprehensive income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$512.00K | USD | Point-in-time |
| Accumulated other comprehensive income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$368.00K | USD | Point-in-time |
| Total shareholders equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$229.46M | USD | Point-in-time |
| Total shareholders equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$235.32M | USD | Point-in-time |
| Total liabilities and shareholders equity |
LiabilitiesAndStockholdersEquity
|
$349.72M | USD | Point-in-time |
| Total liabilities and shareholders equity |
LiabilitiesAndStockholdersEquity
|
$344.27M | USD | Point-in-time |
Income Statement
37 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
RevenueFromContractWithCustomerIncludingAssessedTax
|
$142.89M | USD | 1 Quarter |
| Net sales |
RevenueFromContractWithCustomerIncludingAssessedTax
|
$130.87M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$102.73M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$110.93M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$28.14M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$31.97M | USD | 1 Quarter |
| Selling and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$20.57M | USD | 1 Quarter |
| Selling and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$21.99M | USD | 1 Quarter |
| Intangible asset amortization |
AmortizationOfIntangibleAssets
|
$596.00K | USD | 1 Quarter |
| Intangible asset amortization |
AmortizationOfIntangibleAssets
|
$334.00K | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$7.24M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$9.38M | USD | 1 Quarter |
| Other income, net |
OtherNonoperatingIncomeExpense
|
$92.00K | USD | 1 Quarter |
| Other income, net |
OtherNonoperatingIncomeExpense
|
$5.00K | USD | 1 Quarter |
| Interest expense, net |
InterestIncomeExpenseNet
|
$-251.00K | USD | 1 Quarter |
| Interest expense, net |
InterestIncomeExpenseNet
|
$-382.00K | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$7.08M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$9.00M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$2.33M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$1.85M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$4.75M | USD | Annual |
| Net income |
NetIncomeLoss
|
$7.15M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$4.75M | USD | 1 Quarter |
| Basic (in Dollars per share) |
EarningsPerShareBasic
|
$0.41 | USD | Annual |
| Basic (in Dollars per share) |
EarningsPerShareBasic
|
$0.61 | USD | 1 Quarter |
| Basic (in Dollars per share) |
EarningsPerShareBasic
|
$0.41 | USD | 1 Quarter |
| Diluted (in Dollars per share) |
EarningsPerShareDiluted
|
$0.41 | USD | Annual |
| Diluted (in Dollars per share) |
EarningsPerShareDiluted
|
$0.61 | USD | 1 Quarter |
| Diluted (in Dollars per share) |
EarningsPerShareDiluted
|
$0.41 | USD | 1 Quarter |
| Basic (in Shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
11.75M | shares | 1 Quarter |
| Basic (in Shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
11.54M | shares | Annual |
| Basic (in Shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
11.54M | shares | 1 Quarter |
| Diluted (in Shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
11.58M | shares | 1 Quarter |
| Diluted (in Shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
11.77M | shares | 1 Quarter |
| Diluted (in Shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
11.58M | shares | Annual |
| Cash dividends declared per share (in Dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.14 | USD | 1 Quarter |
| Cash dividends declared per share (in Dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.12 | USD | 1 Quarter |
Cash Flow Statement
68 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$4.75M | USD | Annual |
| Net income |
NetIncomeLoss
|
$7.15M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$4.75M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$1.83M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$1.36M | USD | 1 Quarter |
| Gain on disposal of assets |
GainLossOnDispositionOfAssets1
|
$19.00K | USD | 1 Quarter |
| Gain on disposal of assets |
GainLossOnDispositionOfAssets1
|
$20.00K | USD | 1 Quarter |
| Deferred income tax expense |
DeferredIncomeTaxExpenseBenefitIncludingTaxReserves
|
$1.64M | USD | 1 Quarter |
| Deferred income tax expense |
DeferredIncomeTaxExpenseBenefitIncludingTaxReserves
|
$2.29M | USD | 1 Quarter |
| Noncash restricted stock and performance awards |
ShareBasedCompensation
|
$343.00K | USD | 1 Quarter |
| Noncash restricted stock and performance awards |
ShareBasedCompensation
|
$646.00K | USD | 1 Quarter |
| Benefit from/Provision for doubtful accounts and sales allowances |
ProvisionForDoubtfulAccounts
|
$13.00K | USD | 1 Quarter |
| Benefit from/Provision for doubtful accounts and sales allowances |
ProvisionForDoubtfulAccounts
|
$-1.99M | USD | 1 Quarter |
| Gain on life insurance policies |
GainOnLifeInsurancePolicies
|
$150.00K | USD | 1 Quarter |
| Gain on life insurance policies |
GainOnLifeInsurancePolicies
|
$508.00K | USD | 1 Quarter |
| Trade accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-23.11M | USD | 1 Quarter |
| Trade accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-20.61M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$321.00K | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$4.14M | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-696.00K | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$190.00K | USD | 1 Quarter |
| Trade accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-6.90M | USD | 1 Quarter |
| Trade accounts payable |
IncreaseDecreaseInAccountsPayable
|
$2.04M | USD | 1 Quarter |
| Accrued salaries, wages, and benefits |
IncreaseDecreaseInEmployeeRelatedLiabilities
|
$-4.14M | USD | 1 Quarter |
| Accrued salaries, wages, and benefits |
IncreaseDecreaseInEmployeeRelatedLiabilities
|
$-3.00M | USD | 1 Quarter |
| Accrued income taxes |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$189.00K | USD | 1 Quarter |
| Accrued income taxes |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$23.00K | USD | 1 Quarter |
| Customer deposits |
IncreaseDecreaseInCustomerDeposits
|
$520.00K | USD | 1 Quarter |
| Customer deposits |
IncreaseDecreaseInCustomerDeposits
|
$387.00K | USD | 1 Quarter |
| Other accrued expenses |
IncreaseDecreaseInOtherAccruedLiabilities
|
$424.00K | USD | 1 Quarter |
| Other accrued expenses |
IncreaseDecreaseInOtherAccruedLiabilities
|
$-418.00K | USD | 1 Quarter |
| Deferred compensation |
IncreaseDecreaseInDeferredCompensation
|
$-43.00K | 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
|
$39.00K | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$28.58M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$17.84M | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$370.00K | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$867.00K | 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
|
$30.00K | USD | 1 Quarter |
| Proceeds received on life insurance policies |
ProceedsFromInsurancePremiumsCollected
|
$1.10M | USD | 1 Quarter |
| Premiums paid on life insurance policies |
PaymentsToAcquireLifeInsurancePolicies
|
$155.00K | USD | 1 Quarter |
| Premiums paid on life insurance policies |
PaymentsToAcquireLifeInsurancePolicies
|
$163.00K | USD | 1 Quarter |
| Net cash provided by/(used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$604.00K | USD | 1 Quarter |
| Net cash provided by/(used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-1.00M | USD | 1 Quarter |
| Payments for long-term debt |
RepaymentsOfLongTermDebt
|
$11.89M | USD | 1 Quarter |
| Payments for long-term debt |
RepaymentsOfLongTermDebt
|
$1.46M | USD | 1 Quarter |
| Cash dividends paid |
PaymentsOfDividendsCommonStock
|
$1.39M | USD | 1 Quarter |
| Cash dividends paid |
PaymentsOfDividendsCommonStock
|
$1.65M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-13.54M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-2.85M | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$15.64M | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$13.99M | USD | 1 Quarter |
| Cash and cash equivalents - beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$46.56M | 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
|
$39.79M | USD | Point-in-time |
| Cash and cash equivalents - beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$30.91M | USD | Point-in-time |
| Cash and cash equivalents - end of quarter |
CashAndCashEquivalentsAtCarryingValue
|
$46.56M | 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
|
$39.79M | USD | Point-in-time |
| Cash and cash equivalents - end of quarter |
CashAndCashEquivalentsAtCarryingValue
|
$30.91M | USD | Point-in-time |
| Cash paid for income taxes |
IncomeTaxesPaid
|
$23.00K | USD | 1 Quarter |
| Cash paid for income taxes |
IncomeTaxesPaid
|
$23.00K | USD | 1 Quarter |
| Cash paid for interest, net |
InterestPaidNet
|
$324.00K | USD | 1 Quarter |
| Cash paid for interest, net |
InterestPaidNet
|
$243.00K | USD | 1 Quarter |
| Increase in property and equipment through accrued purchases |
FairValueOfAssetsAcquired
|
$166.00K | USD | 1 Quarter |
| Increase in property and equipment through accrued purchases |
FairValueOfAssetsAcquired
|
$49.00K | USD | 1 Quarter |
Comprehensive Income
13 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net Income |
NetIncomeLoss
|
$4.75M | USD | Annual |
| Net Income |
NetIncomeLoss
|
$7.15M | USD | 1 Quarter |
| Net Income |
NetIncomeLoss
|
$4.75M | USD | 1 Quarter |
| Amortization of actuarial gain |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
|
$-15.00K | USD | 1 Quarter |
| Amortization of actuarial gain |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
|
$-43.00K | USD | 1 Quarter |
| Income tax effect on amortization |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
|
$-11.00K | USD | 1 Quarter |
| Income tax effect on amortization |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
|
$-5.00K | USD | 1 Quarter |
| Adjustments to net periodic benefit cost |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
|
$-32.00K | USD | 1 Quarter |
| Adjustments to net periodic benefit cost |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
|
$-10.00K | USD | 1 Quarter |
| Reclassification of tax effects due to the adoption of ASU 2018-02 (see Note 2) |
ReclassificationFromAociCurrentPeriodTax
|
- | USD | 1 Quarter |
| Reclassification of tax effects due to the adoption of ASU 2018-02 (see Note 2) |
ReclassificationFromAociCurrentPeriodTax
|
$111.00K | USD | 1 Quarter |
| Total Comprehensive Income |
ComprehensiveIncomeNetOfTax
|
$4.76M | USD | 1 Quarter |
| Total Comprehensive Income |
ComprehensiveIncomeNetOfTax
|
$7.30M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.