10-Q/A Filing

HALLWOOD GROUP INC CIK: 355766 Q2 2012

Filing Information

Form Type	10-Q/A
Accession Number	`0001193125-12-391043`
Period End Date	20120630
Filing Date	20120913
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	hwg-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 64 Cash Flow Statement 55 Stockholders Equity 8 Comprehensive Income 10

Balance Sheet 72 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.16M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.93M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	870,939.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$670.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.87M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	870,939.00	shares	Point-in-time
Loans Payable, Related Parties, Current	`LoansPayableRelatedPartiesCurrent`	$9.00M	USD	Point-in-time
Factors	`AccountsReceivableFactorsCurrent`	$17.49M	USD	Point-in-time
Factors	`AccountsReceivableFactorsCurrent`	$17.99M	USD	Point-in-time
Trade and other	`AccountsReceivableTradeAndOtherCurrent`	$8.17M	USD	Point-in-time
Trade and other	`AccountsReceivableTradeAndOtherCurrent`	$4.50M	USD	Point-in-time
Related parties	`AccountsReceivableRelatedPartiesCurrent`	$35.00K	USD	Point-in-time
Related parties	`AccountsReceivableRelatedPartiesCurrent`	$42.00K	USD	Point-in-time
Inventories	`InventoryNet`	$24.87M	USD	Point-in-time
Inventories	`InventoryNet`	$24.98M	USD	Point-in-time
Deferred income tax	`DeferredTaxAssetsNetCurrent`	$5.49M	USD	Point-in-time
Deferred income tax	`DeferredTaxAssetsNetCurrent`	$4.79M	USD	Point-in-time
Prepaids, deposits and other assets	`DepositsAssetsCurrent`	$934.00K	USD	Point-in-time
Prepaids, deposits and other assets	`DepositsAssetsCurrent`	$1.02M	USD	Point-in-time
Income taxes receivable	`PrepaidTaxes`	$1.03M	USD	Point-in-time
Income taxes receivable	`PrepaidTaxes`	$1.18M	USD	Point-in-time
Total currents assets	`AssetsCurrent`	$55.75M	USD	Point-in-time
Total currents assets	`AssetsCurrent`	$68.30M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentNet`	$19.97M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentNet`	$20.44M	USD	Point-in-time
Deferred income tax	`DeferredTaxAssetsNetNoncurrent`	$3.74M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$228.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$162.00K	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$23.93M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$20.60M	USD	Point-in-time
Total Assets	`Assets`	$79.68M	USD	Point-in-time
Total Assets	`Assets`	$88.91M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.76M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.94M	USD	Point-in-time
Current portion of loans payable (includes $9,000 to related party)	`LoansPayableCurrent`	$9.00M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$4.79M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$5.10M	USD	Point-in-time
Litigation reserve	`LitigationReserveCurrent`	$2.18M	USD	Point-in-time
Litigation reserve	`LitigationReserveCurrent`	$7.50M	USD	Point-in-time
Litigation reserve	`LitigationReserveCurrent`	$9.30M	USD	Point-in-time
Contingent additional investment in Hallwood Energy	`PayableContingentAdditionalInvestment`	$3.20M	USD	Point-in-time
Contingent additional investment in Hallwood Energy	`PayableContingentAdditionalInvestment`	-	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$10.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$27.73M	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`	$3.50M	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`	$3.59M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$3.22M	USD	Point-in-time
Total Liabilities	`Liabilities`	$29.77M	USD	Point-in-time
Total Liabilities	`Liabilities`	$31.32M	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`	$9.83M	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`	$48.37M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$59.14M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$79.68M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$88.91M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Textile products sales	`SalesRevenueGoodsNet`	$73.06M	USD	2 Qtrs
Textile products sales	`SalesRevenueGoodsNet`	$63.47M	USD	2 Qtrs
Textile products sales	`SalesRevenueGoodsNet`	$36.70M	USD	1 Quarter
Textile products sales	`SalesRevenueGoodsNet`	$37.18M	USD	1 Quarter
Textile products cost of sales	`CostOfGoodsSold`	$62.41M	USD	2 Qtrs
Textile products cost of sales	`CostOfGoodsSold`	$32.26M	USD	1 Quarter
Textile products cost of sales	`CostOfGoodsSold`	$29.12M	USD	1 Quarter
Textile products cost of sales	`CostOfGoodsSold`	$52.31M	USD	2 Qtrs
Administrative and selling expenses	`SellingGeneralAndAdministrativeExpense`	$13.67M	USD	2 Qtrs
Administrative and selling expenses	`SellingGeneralAndAdministrativeExpense`	$10.48M	USD	2 Qtrs
Administrative and selling expenses	`SellingGeneralAndAdministrativeExpense`	$6.71M	USD	1 Quarter
Administrative and selling expenses	`SellingGeneralAndAdministrativeExpense`	$5.33M	USD	1 Quarter
Litigation charge - Hallwood Energy matters	`LitigationReserveEnergyMatters`	$13.20M	USD	2 Qtrs
Litigation charge - Hallwood Energy matters	`LitigationReserveEnergyMatters`	$7.50M	USD	1 Quarter
Litigation charge - Hallwood Energy matters	`LitigationReserveEnergyMatters`	-	USD	1 Quarter
Litigation charge - Hallwood Energy matters	`LitigationReserveEnergyMatters`	$7.50M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$38.97M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$70.29M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$89.29M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$41.95M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.79M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-16.23M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-6.82M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-5.25M	USD	1 Quarter
Interest expense	`InterestExpense`	$112.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$23.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$49.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$137.00K	USD	2 Qtrs
Interest and other income	`InterestAndOtherIncome`	$13.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$2.00K	USD	2 Qtrs
Interest and other income	`InterestAndOtherIncome`	$1.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$30.00K	USD	2 Qtrs
Total Other income (loss)	`NonoperatingIncomeExpense`	$-135.00K	USD	2 Qtrs
Total Other income (loss)	`NonoperatingIncomeExpense`	$-19.00K	USD	2 Qtrs
Total Other income (loss)	`NonoperatingIncomeExpense`	$-111.00K	USD	1 Quarter
Total Other income (loss)	`NonoperatingIncomeExpense`	$-10.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.90M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-5.26M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-16.36M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-6.84M	USD	2 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-675.00K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-5.58M	USD	2 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-2.31M	USD	2 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-1.73M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-3.53M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.22M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-10.78M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-4.52M	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$-7.07	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$-2.97	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$-0.80	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-2.31	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.80	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-2.31	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-7.07	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$-2.97	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.52M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.52M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.52M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.52M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.52M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.52M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.52M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.52M	shares	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.53M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.22M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.78M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-4.52M	USD	2 Qtrs
Litigation charge - Hallwood Energy matters	`LitigationReserveEnergyMatters`	$13.20M	USD	2 Qtrs
Litigation charge - Hallwood Energy matters	`LitigationReserveEnergyMatters`	$7.50M	USD	1 Quarter
Litigation charge - Hallwood Energy matters	`LitigationReserveEnergyMatters`	-	USD	1 Quarter
Litigation charge - Hallwood Energy matters	`LitigationReserveEnergyMatters`	$7.50M	USD	2 Qtrs
Depreciation, amortization and impairment	`DepreciationDepletionAndAmortization`	$1.28M	USD	2 Qtrs
Depreciation, amortization and impairment	`DepreciationDepletionAndAmortization`	$1.20M	USD	2 Qtrs
Deferred tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-2.62M	USD	2 Qtrs
Deferred tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-5.57M	USD	2 Qtrs
Provision (recovery) for obsolete inventory	`InventoryWriteDown`	$57.00K	USD	2 Qtrs
Provision (recovery) for obsolete inventory	`InventoryWriteDown`	$257.00K	USD	2 Qtrs
Provision (recovery) for doubtful accounts and factor dilution	`ProvisionForDoubtfulAccountsAndFactorDilutionDeferredTaxExpense`	$50.00K	USD	2 Qtrs
Provision (recovery) for doubtful accounts and factor dilution	`ProvisionForDoubtfulAccountsAndFactorDilutionDeferredTaxExpense`	$-85.00K	USD	2 Qtrs
Payment of litigation reserve - Hallwood Energy matters	`PartialPaymentOfLitigationReserve`	$23.52M	USD	2 Qtrs
Net change in income taxes receivable/payable	`IncreaseDecreaseInIncomeTaxesReceivable`	$161.00K	USD	2 Qtrs
Net change in income taxes receivable/payable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-159.00K	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.89M	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.51M	USD	2 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.13M	USD	2 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.48M	USD	2 Qtrs
Increase (decrease) in accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-307.00K	USD	2 Qtrs
Increase (decrease) in accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-740.00K	USD	2 Qtrs
Net change in other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$290.00K	USD	2 Qtrs
Net change in other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$148.00K	USD	2 Qtrs
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$8.40M	USD	2 Qtrs
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$144.00K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-8.63M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-19.91M	USD	2 Qtrs
Proceeds from redemption of short-term investments	`PaymentsForProceedsFromShortTermInvestments`	-	USD	2 Qtrs
Proceeds from redemption of short-term investments	`PaymentsForProceedsFromShortTermInvestments`	$-7.48M	USD	2 Qtrs
Proceeds from disposal of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$58.00K	USD	2 Qtrs
Investments in property, plant and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.08M	USD	2 Qtrs
Investments in property, plant and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$851.00K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$6.40M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-793.00K	USD	2 Qtrs
Proceeds from loans payable	`ProceedsFromRepaymentsOfNotesPayable`	$10.00M	USD	2 Qtrs
Proceeds from revolving credit facility	`ProceedsFromLinesOfCredit`	$8.02M	USD	2 Qtrs
Proceeds from revolving credit facility	`ProceedsFromLinesOfCredit`	$1.00M	USD	2 Qtrs
Repayments of revolving credit facility	`RepaymentsOfLinesOfCredit`	$6.52M	USD	2 Qtrs
Repayments of loan payable	`RepaymentsOfNotesPayable`	$-1.00M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.00M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.50M	USD	2 Qtrs
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.20M	USD	2 Qtrs
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.23M	USD	2 Qtrs
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$11.16M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$9.93M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$670.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$10.87M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$11.16M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$9.93M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$670.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$10.87M	USD	Point-in-time

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$48.37M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$59.14M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-3.53M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.22M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.78M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-4.52M	USD	2 Qtrs
Ending balance	`StockholdersEquity`	$48.37M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$59.14M	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-3.53M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.22M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-10.78M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-4.52M	USD	2 Qtrs
OtherComprehensiveIncomeLossNetOfTax	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	2 Qtrs
OtherComprehensiveIncomeLossNetOfTax	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-4.52M	USD	2 Qtrs
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-1.22M	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-10.78M	USD	2 Qtrs
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-3.53M	USD	1 Quarter

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