10-Q Filing

HALLWOOD GROUP INC CIK: 355766 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-467607`
Period End Date	20120930
Filing Date	20121113
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	hwg-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 61 Cash Flow Statement 52 Stockholders Equity 8 Comprehensive Income 12

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`	$1.55M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.16M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.40M	USD	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`	$16.53M	USD	Point-in-time
Trade and other	`AccountsReceivableTradeAndOtherCurrent`	$3.20M	USD	Point-in-time
Trade and other	`AccountsReceivableTradeAndOtherCurrent`	$8.17M	USD	Point-in-time
Related parties	`AccountsReceivableRelatedPartiesCurrent`	$37.00K	USD	Point-in-time
Related parties	`AccountsReceivableRelatedPartiesCurrent`	$42.00K	USD	Point-in-time
Inventories	`InventoryNet`	$29.29M	USD	Point-in-time
Inventories	`InventoryNet`	$24.98M	USD	Point-in-time
Deferred income tax	`DeferredTaxAssetsNetCurrent`	$4.79M	USD	Point-in-time
Deferred income tax	`DeferredTaxAssetsNetCurrent`	$5.46M	USD	Point-in-time
Prepaids, deposits and other assets	`DepositsAssetsCurrent`	$631.00K	USD	Point-in-time
Prepaids, deposits and other assets	`DepositsAssetsCurrent`	$934.00K	USD	Point-in-time
Income taxes receivable	`PrepaidTaxes`	$372.00K	USD	Point-in-time
Income taxes receivable	`PrepaidTaxes`	$1.03M	USD	Point-in-time
Total currents assets	`AssetsCurrent`	$57.07M	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`	$19.97M	USD	Point-in-time
Deferred income tax	`DeferredTaxAssetsNetNoncurrent`	$4.27M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$247.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$162.00K	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$24.49M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$20.60M	USD	Point-in-time
Total Assets	`Assets`	$81.56M	USD	Point-in-time
Total Assets	`Assets`	$88.91M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$14.26M	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`	$9.18M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$5.10M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$4.79M	USD	Point-in-time
Litigation reserve	`LitigationReserveCurrent`	$9.30M	USD	Point-in-time
Litigation reserve	`LitigationReserveCurrent`	$7.50M	USD	Point-in-time
Litigation reserve	`LitigationReserveCurrent`	$2.08M	USD	Point-in-time
Contingent additional investment in Hallwood Energy	`PayableContingentAdditionalInvestment`	$3.20M	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`	$30.31M	USD	Point-in-time
Long term portion of loans payable	`LongTermLineOfCredit`	$2.00M	USD	Point-in-time
Long term portion of loans payable	`LongTermLineOfCredit`	$3.85M	USD	Point-in-time
Deferred income tax	`DeferredTaxLiabilitiesNoncurrent`	$94.00K	USD	Point-in-time
Deferred income tax	`DeferredTaxLiabilitiesNoncurrent`	$1.22M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$3.94M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$3.22M	USD	Point-in-time
Total Liabilities	`Liabilities`	$34.26M	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`	$8.77M	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`	$47.30M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$59.14M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$81.56M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$88.91M	USD	Point-in-time

Income Statement 61 line items

Line Item	Tag	Value	Unit	Period
Textile products sales	`SalesRevenueGoodsNet`	$100.21M	USD	3 Qtrs
Textile products sales	`SalesRevenueGoodsNet`	$37.65M	USD	1 Quarter
Textile products sales	`SalesRevenueGoodsNet`	$101.12M	USD	3 Qtrs
Textile products sales	`SalesRevenueGoodsNet`	$27.15M	USD	1 Quarter
Textile products cost of sales	`CostOfGoodsSold`	$85.97M	USD	3 Qtrs
Textile products cost of sales	`CostOfGoodsSold`	$23.56M	USD	1 Quarter
Textile products cost of sales	`CostOfGoodsSold`	$82.43M	USD	3 Qtrs
Textile products cost of sales	`CostOfGoodsSold`	$30.12M	USD	1 Quarter
Administrative and selling expenses	`SellingGeneralAndAdministrativeExpense`	$18.69M	USD	3 Qtrs
Administrative and selling expenses	`SellingGeneralAndAdministrativeExpense`	$5.01M	USD	1 Quarter
Administrative and selling expenses	`SellingGeneralAndAdministrativeExpense`	$17.36M	USD	3 Qtrs
Administrative and selling expenses	`SellingGeneralAndAdministrativeExpense`	$6.88M	USD	1 Quarter
Litigation charge - Hallwood Energy matters	`LitigationReserveEnergyMatters`	$13.20M	USD	3 Qtrs
Litigation charge - Hallwood Energy matters	`LitigationReserveEnergyMatters`	$7.50M	USD	3 Qtrs
Total expenses	`CostsAndExpenses`	$37.00M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$117.86M	USD	3 Qtrs
Total expenses	`CostsAndExpenses`	$107.28M	USD	3 Qtrs
Total expenses	`CostsAndExpenses`	$28.57M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-17.65M	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-6.17M	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-1.43M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$652.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$74.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$315.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$178.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$25.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$2.00K	USD	3 Qtrs
Interest and other income	`InterestAndOtherIncome`	$5.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$35.00K	USD	3 Qtrs
Total Other income (loss)	`NonoperatingIncomeExpense`	$-39.00K	USD	3 Qtrs
Total Other income (loss)	`NonoperatingIncomeExpense`	$-178.00K	USD	1 Quarter
Total Other income (loss)	`NonoperatingIncomeExpense`	$-20.00K	USD	1 Quarter
Total Other income (loss)	`NonoperatingIncomeExpense`	$-313.00K	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-17.96M	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-6.21M	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.60M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$632.00K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-6.13M	USD	3 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$282.00K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-2.03M	USD	3 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-541.00K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$350.00K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-11.84M	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-4.17M	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-1.06M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.23	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.70	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-2.74	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$-7.76	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$-7.76	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$-2.74	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.23	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.70	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.52M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.52M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.52M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.52M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.52M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.52M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.52M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.52M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$350.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-11.84M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-4.17M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.06M	USD	1 Quarter
Litigation charge - Hallwood Energy matters	`LitigationReserveEnergyMatters`	$13.20M	USD	3 Qtrs
Litigation charge - Hallwood Energy matters	`LitigationReserveEnergyMatters`	$7.50M	USD	3 Qtrs
Deferred tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-6.07M	USD	3 Qtrs
Deferred tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-2.64M	USD	3 Qtrs
Depreciation, amortization and impairment	`DepreciationDepletionAndAmortization`	$1.89M	USD	3 Qtrs
Depreciation, amortization and impairment	`DepreciationDepletionAndAmortization`	$1.72M	USD	3 Qtrs
Provision (recovery) for obsolete inventory	`InventoryWriteDown`	$96.00K	USD	3 Qtrs
Provision (recovery) for obsolete inventory	`InventoryWriteDown`	$445.00K	USD	3 Qtrs
Provision (recovery) for doubtful accounts and factor dilution	`ProvisionForDoubtfulAccountsAndFactorDilutionDeferredTaxExpense`	$-30.00K	USD	3 Qtrs
Provision (recovery) for doubtful accounts and factor dilution	`ProvisionForDoubtfulAccountsAndFactorDilutionDeferredTaxExpense`	$108.00K	USD	3 Qtrs
Payment of litigation reserve - Hallwood Energy matters	`PartialPaymentOfLitigationReserve`	$23.62M	USD	3 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.61M	USD	3 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-5.83M	USD	3 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.39M	USD	3 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.13M	USD	3 Qtrs
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$4.75M	USD	3 Qtrs
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$9.91M	USD	3 Qtrs
Net change in income taxes receivable/payable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-645.00K	USD	3 Qtrs
Net change in income taxes receivable/payable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-420.00K	USD	3 Qtrs
Increase (decrease) in accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-304.00K	USD	3 Qtrs
Increase (decrease) in accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$6.00K	USD	3 Qtrs
Net change in other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-218.00K	USD	3 Qtrs
Net change in other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$545.00K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-19.02M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.86M	USD	3 Qtrs
Investments in short-term investments	`PaymentsToAcquireMarketableSecurities`	$10.00K	USD	3 Qtrs
Proceeds from redemption of short-term investments	`PaymentsForProceedsFromShortTermInvestments`	$-7.50M	USD	3 Qtrs
Investments in property, plant and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.33M	USD	3 Qtrs
Investments in property, plant and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.39M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.33M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$6.10M	USD	3 Qtrs
Proceeds from revolving credit facilities	`ProceedsFromLinesOfCredit`	$11.72M	USD	3 Qtrs
Proceeds from revolving credit facilities	`ProceedsFromLinesOfCredit`	$2.00M	USD	3 Qtrs
Proceeds from loans payable	`ProceedsFromRepaymentsOfNotesPayable`	$10.24M	USD	3 Qtrs
Repayments of revolving credit facilities	`RepaymentsOfLinesOfCredit`	$2.00M	USD	3 Qtrs
Repayments of revolving credit facilities	`RepaymentsOfLinesOfCredit`	$9.87M	USD	3 Qtrs
Repayments of loans payable	`RepaymentsOfNotesPayable`	$1.05M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$11.03M	USD	3 Qtrs
DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.32M	USD	3 Qtrs
DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.76M	USD	3 Qtrs
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.55M	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, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$9.40M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.55M	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
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$9.40M	USD	Point-in-time

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$47.30M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$59.14M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$350.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-11.84M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-4.17M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.06M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$47.30M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$59.14M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$350.00K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-11.84M	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-4.17M	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-1.06M	USD	1 Quarter
OtherComprehensiveIncomeLossNetOfTax	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter
OtherComprehensiveIncomeLossNetOfTax	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter
OtherComprehensiveIncomeLossNetOfTax	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	3 Qtrs
OtherComprehensiveIncomeLossNetOfTax	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	3 Qtrs
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-4.17M	USD	3 Qtrs
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-11.84M	USD	3 Qtrs
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-1.06M	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$350.00K	USD	1 Quarter

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