10-Q Filing

HALLWOOD GROUP INC CIK: 355766 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-235002`
Period End Date	20120331
Filing Date	20120515
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	hwg-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 31 Cash Flow Statement 47 Stockholders Equity 6 Comprehensive Income 5

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Common stock, shares issued	`CommonStockSharesIssued`	2.40M	shares	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
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.53M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	870,939.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.37M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.28M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.87M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.16M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	870,939.00	shares	Point-in-time
Factors	`AccountsReceivableFactorsCurrent`	$18.38M	USD	Point-in-time
Factors	`AccountsReceivableFactorsCurrent`	$17.49M	USD	Point-in-time
Trade and other	`AccountsReceivableTradeAndOtherCurrent`	$4.13M	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`	$42.00K	USD	Point-in-time
Inventories	`InventoryNet`	$24.98M	USD	Point-in-time
Inventories	`InventoryNet`	$28.58M	USD	Point-in-time
Deferred income tax, net	`DeferredTaxAssetsNetCurrent`	$5.65M	USD	Point-in-time
Deferred income tax, net	`DeferredTaxAssetsNetCurrent`	$4.79M	USD	Point-in-time
Prepaids, deposits and other assets	`DepositsAssetsCurrent`	$667.00K	USD	Point-in-time
Prepaids, deposits and other assets	`DepositsAssetsCurrent`	$934.00K	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$2.15M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$1.03M	USD	Point-in-time
Total currents assets	`AssetsCurrent`	$69.95M	USD	Point-in-time
Total currents assets	`AssetsCurrent`	$68.30M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentNet`	$20.44M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentNet`	$20.20M	USD	Point-in-time
Deferred income tax, net	`DeferredTaxAssetsNetNoncurrent`	$1.88M	USD	Point-in-time
Deferred income tax, net	`DeferredTaxAssetsNetNoncurrent`	-	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$162.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$241.00K	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$22.32M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$20.60M	USD	Point-in-time
Total Assets	`Assets`	$88.91M	USD	Point-in-time
Total Assets	`Assets`	$92.28M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.94M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.61M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$5.10M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$6.08M	USD	Point-in-time
Litigation reserve	`LitigationReserveCurrent`	$9.30M	USD	Point-in-time
Litigation reserve	`LitigationReserveCurrent`	$20.70M	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`	$4.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$10.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$26.55M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$40.59M	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`	$94.00K	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$3.22M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$2.09M	USD	Point-in-time
Total Liabilities	`Liabilities`	$42.69M	USD	Point-in-time
Total Liabilities	`Liabilities`	$29.77M	USD	Point-in-time
Contingencies and Commitments (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingencies and Commitments (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, 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, 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`	$20.60M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$11.05M	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`	$49.59M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$59.14M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$92.28M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$88.91M	USD	Point-in-time

Income Statement 31 line items

Line Item	Tag	Value	Unit	Period
Textile products sales	`SalesRevenueGoodsNet`	$35.88M	USD	1 Quarter
Textile products sales	`SalesRevenueGoodsNet`	$26.77M	USD	1 Quarter
Textile products cost of sales	`CostOfGoodsSold`	$30.15M	USD	1 Quarter
Textile products cost of sales	`CostOfGoodsSold`	$23.19M	USD	1 Quarter
Administrative and selling expenses	`SellingGeneralAndAdministrativeExpense`	$5.15M	USD	1 Quarter
Administrative and selling expenses	`SellingGeneralAndAdministrativeExpense`	$6.97M	USD	1 Quarter
Litigation charge - Hallwood Energy matters	`LitigationReserveEnergyMatters`	$13.20M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$50.32M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$28.34M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.57M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-14.44M	USD	1 Quarter
Interest expense	`InterestExpense`	$25.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$26.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$1.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$17.00K	USD	1 Quarter
Total other income (loss)	`NonoperatingIncomeExpense`	$-9.00K	USD	1 Quarter
Total other income (loss)	`NonoperatingIncomeExpense`	$-24.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.58M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-14.46M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-584.00K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-4.91M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-996.00K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-9.55M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.65	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-6.26	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.65	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-6.26	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.52M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.52M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.52M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.52M	shares	1 Quarter

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-996.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-9.55M	USD	1 Quarter
Litigation charge - Hallwood Energy matters	`LitigationReserveEnergyMatters`	$13.20M	USD	1 Quarter
Deferred tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-3.87M	USD	1 Quarter
Depreciation, amortization and impairment	`DepreciationDepletionAndAmortization`	$658.00K	USD	1 Quarter
Depreciation, amortization and impairment	`DepreciationDepletionAndAmortization`	$593.00K	USD	1 Quarter
Provision (recovery) for obsolete inventory	`InventoryWriteDown`	$-29.00K	USD	1 Quarter
Provision (recovery) for obsolete inventory	`InventoryWriteDown`	$154.00K	USD	1 Quarter
Provision (recovery) for doubtful accounts and factor dilution	`ProvisionForDoubtfulAccountsAndFactorDilutionDeferredTaxExpense`	$8.00K	USD	1 Quarter
Provision (recovery) for doubtful accounts and factor dilution	`ProvisionForDoubtfulAccountsAndFactorDilutionDeferredTaxExpense`	$-51.00K	USD	1 Quarter
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$6.56M	USD	1 Quarter
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$3.75M	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.15M	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.23M	USD	1 Quarter
Partial payment of litigation reserve - Hallwood Energy matters	`PartialPaymentOfLitigationReserve`	$1.80M	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.51M	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.78M	USD	1 Quarter
Increase (decrease) in accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$982.00K	USD	1 Quarter
Increase (decrease) in accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-1.25M	USD	1 Quarter
Net change in other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-188.00K	USD	1 Quarter
Net change in other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$267.00K	USD	1 Quarter
Net change in income taxes receivable/payable	`IncreaseDecreaseInIncomeTaxesReceivable`	$672.00K	USD	1 Quarter
Net change in income taxes receivable/payable	`IncreaseDecreaseInIncomeTaxesReceivable`	$1.12M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-44.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.44M	USD	1 Quarter
Proceeds from redemption of short-term investments	`PaymentsForProceedsFromShortTermInvestments`	$-1.11M	USD	1 Quarter
Proceeds from disposal of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$58.00K	USD	1 Quarter
Investments in property, plant and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$516.00K	USD	1 Quarter
Investments in property, plant and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$555.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$560.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-458.00K	USD	1 Quarter
Proceeds from revolving credit facility	`ProceedsFromLinesOfCredit`	-	USD	1 Quarter
Proceeds from revolving credit facility	`ProceedsFromLinesOfCredit`	-	USD	1 Quarter
Repayments of revolving credit facility	`RepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Repayments of revolving credit facility	`RepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.88M	USD	1 Quarter
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-502.00K	USD	1 Quarter
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$10.37M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$8.28M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$10.87M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$11.16M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$10.37M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$8.28M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$10.87M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$11.16M	USD	Point-in-time

Stockholders Equity 6 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$49.59M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$59.14M	USD	Point-in-time
Net Loss	`NetIncomeLoss`	$-996.00K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-9.55M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$49.59M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$59.14M	USD	Point-in-time

Comprehensive Income 5 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-996.00K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-9.55M	USD	1 Quarter
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	-	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-996.00K	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-9.55M	USD	1 Quarter

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