10-K Filing

HALLWOOD GROUP INC CIK: 355766 FY 2011

Filing Information

Form Type	10-K
Accession Number	`0001193125-12-146391`
Period End Date	20111231
Filing Date	20120402
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	hwg-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 46 Cash Flow Statement 69 Stockholders Equity 12 Comprehensive Income 7

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.40M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.87M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.84M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.16M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.40M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.53M	shares	Point-in-time
Marketable securities - short-term investments	`MarketableSecuritiesCurrent`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.53M	shares	Point-in-time
Marketable securities - short-term investments	`MarketableSecuritiesCurrent`	$7.49M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	870,939.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	870,939.00	shares	Point-in-time
Factors	`AccountsReceivableFactorsCurrent`	$14.04M	USD	Point-in-time
Factors	`AccountsReceivableFactorsCurrent`	$17.49M	USD	Point-in-time
Trade and other	`AccountsReceivableTradeAndOtherCurrent`	$8.92M	USD	Point-in-time
Trade and other	`AccountsReceivableTradeAndOtherCurrent`	$8.17M	USD	Point-in-time
Related parties	`AccountsReceivableRelatedPartiesCurrent`	$42.00K	USD	Point-in-time
Related parties	`AccountsReceivableRelatedPartiesCurrent`	$12.00K	USD	Point-in-time
Inventories, net	`InventoryNet`	$24.98M	USD	Point-in-time
Inventories, net	`InventoryNet`	$19.14M	USD	Point-in-time
Deferred income tax, net	`DeferredTaxAssetsNetCurrent`	$4.79M	USD	Point-in-time
Deferred income tax, net	`DeferredTaxAssetsNetCurrent`	$1.60M	USD	Point-in-time
Prepaids, deposits and other assets	`DepositsAssetsCurrent`	$700.00K	USD	Point-in-time
Prepaids, deposits and other assets	`DepositsAssetsCurrent`	$934.00K	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$1.09M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$1.03M	USD	Point-in-time
Total currents assets	`AssetsCurrent`	$68.30M	USD	Point-in-time
Total currents assets	`AssetsCurrent`	$64.15M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$20.44M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$20.98M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$162.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$147.00K	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$20.60M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$21.13M	USD	Point-in-time
Total Assets	`Assets`	$88.91M	USD	Point-in-time
Total Assets	`Assets`	$85.28M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.94M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.00M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$6.02M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$5.10M	USD	Point-in-time
Litigation reserve	`LitigationReserveCurrent`	$9.30M	USD	Point-in-time
Litigation reserve	`LitigationReserveCurrent`	-	USD	Point-in-time
Contingent additional investment in Hallwood Energy	`PayableContingentAdditionalInvestment`	$3.20M	USD	Point-in-time
Contingent additional investment in Hallwood Energy	`PayableContingentAdditionalInvestment`	$3.20M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$27.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$10.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.24M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$26.55M	USD	Point-in-time
Long term portion of loans payable	`LongTermLineOfCredit`	$2.00M	USD	Point-in-time
Long term portion of loans payable	`LongTermLineOfCredit`	$2.00M	USD	Point-in-time
Deferred income tax	`DeferredTaxLiabilitiesNoncurrent`	$1.22M	USD	Point-in-time
Deferred income tax	`DeferredTaxLiabilitiesNoncurrent`	$566.00K	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$3.22M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$2.57M	USD	Point-in-time
Total Liabilities	`Liabilities`	$19.81M	USD	Point-in-time
Total Liabilities	`Liabilities`	$29.77M	USD	Point-in-time
Contingencies and Commitments (Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingencies and Commitments (Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.10 par value; authorized 10,000,000 shares; issued 2,396,105 shares for both periods; outstanding 1,525,166 shares for both periods	`CommonStockValue`	$240.00K	USD	Point-in-time
Common stock, $0.10 par value; authorized 10,000,000 shares; issued 2,396,105 shares for both periods; outstanding 1,525,166 shares for both periods	`CommonStockValue`	$240.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$51.70M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$51.70M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$26.93M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$20.60M	USD	Point-in-time
Treasury stock, 870,939 shares for both periods; at cost	`TreasuryStockValue`	$13.40M	USD	Point-in-time
Treasury stock, 870,939 shares for both periods; at cost	`TreasuryStockValue`	$13.40M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$38.26M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$55.59M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$65.47M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$59.14M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$85.28M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$88.91M	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Textile products sales	`SalesRevenueGoodsNet`	$139.50M	USD	Annual
Textile products sales	`SalesRevenueGoodsNet`	$168.35M	USD	Annual
Textile products sales	`SalesRevenueGoodsNet`	$179.55M	USD	Annual
Textile products cost of sales	`CostOfGoodsSold`	$115.86M	USD	Annual
Textile products cost of sales	`CostOfGoodsSold`	$128.81M	USD	Annual
Textile products cost of sales	`CostOfGoodsSold`	$125.88M	USD	Annual
Administrative and selling expenses	`SellingGeneralAndAdministrativeExpense`	$25.11M	USD	Annual
Administrative and selling expenses	`SellingGeneralAndAdministrativeExpense`	$23.34M	USD	Annual
Administrative and selling expenses	`SellingGeneralAndAdministrativeExpense`	$26.32M	USD	Annual
Litigation charge - Hallwood Energy matters	`LitigationReserveEnergyMatters`	$9.30M	USD	Annual
Total expenses	`CostsAndExpenses`	$152.20M	USD	Annual
Total expenses	`CostsAndExpenses`	$148.51M	USD	Annual
Total expenses	`CostsAndExpenses`	$153.92M	USD	Annual
Operating income (loss)	`OperatingIncomeLoss`	$-9.01M	USD	Annual
Operating income (loss)	`OperatingIncomeLoss`	$16.16M	USD	Annual
Operating income (loss)	`OperatingIncomeLoss`	$25.63M	USD	Annual
Interest expense	`InterestExpense`	$252.00K	USD	Annual
Interest expense	`InterestExpense`	$105.00K	USD	Annual
Interest expense	`InterestExpense`	$301.00K	USD	Annual
Interest and other income	`InterestAndOtherIncome`	$10.00K	USD	Annual
Interest and other income	`InterestAndOtherIncome`	$36.00K	USD	Annual
Interest and other income	`InterestAndOtherIncome`	$37.00K	USD	Annual
Total other income (loss)	`NonoperatingIncomeExpense`	$-216.00K	USD	Annual
Total other income (loss)	`NonoperatingIncomeExpense`	$-291.00K	USD	Annual
Total other income (loss)	`NonoperatingIncomeExpense`	$-68.00K	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$25.42M	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$15.87M	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-9.08M	USD	Annual
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$5.99M	USD	Annual
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-2.75M	USD	Annual
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$8.36M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-6.33M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$17.05M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$9.88M	USD	Annual
Basic	`EarningsPerShareBasic`	$11.18	USD	Annual
Basic	`EarningsPerShareBasic`	$-4.15	USD	Annual
Basic	`EarningsPerShareBasic`	$6.48	USD	Annual
Diluted	`EarningsPerShareDiluted`	$-4.15	USD	Annual
Diluted	`EarningsPerShareDiluted`	$11.18	USD	Annual
Diluted	`EarningsPerShareDiluted`	$6.48	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.52M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.52M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.52M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.52M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.52M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.52M	shares	Annual

Cash Flow Statement 69 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$-6.33M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$17.05M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$9.88M	USD	Annual
Litigation reserve - Hallwood Energy matters	`LitigationReserveEnergyMatters`	$9.30M	USD	Annual
Deferred tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$2.12M	USD	Annual
Deferred tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$667.00K	USD	Annual
Deferred tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-2.54M	USD	Annual
Depreciation, amortization and impairment	`DepreciationDepletionAndAmortization`	$2.33M	USD	Annual
Depreciation, amortization and impairment	`DepreciationDepletionAndAmortization`	$2.26M	USD	Annual
Depreciation, amortization and impairment	`DepreciationDepletionAndAmortization`	$2.47M	USD	Annual
Provision (recovery) for obsolete inventory	`InventoryWriteDown`	$-184.00K	USD	Annual
Provision (recovery) for obsolete inventory	`InventoryWriteDown`	$313.00K	USD	Annual
Provision (recovery) for obsolete inventory	`InventoryWriteDown`	$205.00K	USD	Annual
Provision for doubtful accounts and factor dilution	`ProvisionForDoubtfulAccountsAndFactorDilutionDeferredTaxExpense`	$-62.00K	USD	Annual
Provision for doubtful accounts and factor dilution	`ProvisionForDoubtfulAccountsAndFactorDilutionDeferredTaxExpense`	$-148.00K	USD	Annual
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$275.00K	USD	Annual
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$2.13M	USD	Annual
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$6.05M	USD	Annual
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$-4.64M	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$16.45M	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.67M	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-15.39M	USD	Annual
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-6.53M	USD	Annual
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.63M	USD	Annual
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.36M	USD	Annual
Increase (decrease) in accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$823.00K	USD	Annual
Increase (decrease) in accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-401.00K	USD	Annual
Increase (decrease) in accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-920.00K	USD	Annual
Net change in other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-88.00K	USD	Annual
Net change in other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$87.00K	USD	Annual
Net change in other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$249.00K	USD	Annual
Net change in income taxes receivable/payable	`IncreaseDecreaseInIncomeTaxesReceivable`	$2.14M	USD	Annual
Net change in income taxes receivable/payable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-49.00K	USD	Annual
Net change in income taxes receivable/payable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-1.15M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.44M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$23.35M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.64M	USD	Annual
Investments in property, plant and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.10M	USD	Annual
Investments in property, plant and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.34M	USD	Annual
Investments in property, plant and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.09M	USD	Annual
Proceeds from redemption of short-term investments	`PaymentsForProceedsFromShortTermInvestments`	$-340.00K	USD	Annual
Proceeds from redemption of short-term investments	`PaymentsForProceedsFromShortTermInvestments`	$-7.50M	USD	Annual
Investments of short-term investments	`PaymentsToAcquireMarketableSecurities`	$7.83M	USD	Annual
Investments of short-term investments	`PaymentsToAcquireMarketableSecurities`	$10.00K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.10M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.58M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$5.15M	USD	Annual
Proceeds from revolving credit facility	`ProceedsFromLinesOfCredit`	$2.00M	USD	Annual
Proceeds from revolving credit facility	`ProceedsFromLinesOfCredit`	$11.74M	USD	Annual
Proceeds from revolving credit facility	`ProceedsFromLinesOfCredit`	$54.55M	USD	Annual
Repayments of revolving credit facility	`RepaymentsOfLinesOfCredit`	$2.00M	USD	Annual
Repayments of revolving credit facility	`RepaymentsOfLinesOfCredit`	$16.20M	USD	Annual
Repayments of revolving credit facility	`RepaymentsOfLinesOfCredit`	$58.51M	USD	Annual
Repayment of other bank borrowings and loans payable	`RepaymentOfOtherBankBorrowingsAndLoansPayable`	$27.00K	USD	Annual
Redemption of redeemable preferred stock	`PaymentsForRepurchaseOfPreferredStockAndPreferenceStock`	$1.00M	USD	Annual
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$275.00K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.71M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.45M	USD	Annual
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-290.00K	USD	Annual
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.32M	USD	Annual
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.82M	USD	Annual
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$10.87M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$6.02M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$7.84M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$11.16M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$10.87M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$6.02M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$7.84M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$11.16M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$38.26M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$55.59M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$65.47M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$59.14M	USD	Point-in-time
Net Income (Loss)	`NetIncomeLoss`	$-6.33M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$17.05M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$9.88M	USD	Annual
Excess tax benefits from share-based payments arrangements	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$275.00K	USD	Annual
Ending balance	`StockholdersEquity`	$38.26M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$55.59M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$65.47M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$59.14M	USD	Point-in-time

Comprehensive Income 7 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$-6.33M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$17.05M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$9.88M	USD	Annual
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	-	USD	Annual
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-6.33M	USD	Annual
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$9.88M	USD	Annual
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$17.05M	USD	Annual

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