10-Q Filing

HALLWOOD GROUP INC CIK: 355766 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001193125-13-333763`
Period End Date	20130630
Filing Date	20130814
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	hwg-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 62 Cash Flow Statement 52 Stockholders Equity 8 Comprehensive Income 12

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Long term portion of loans payable, Related Party	`LoansPayableToRelatedParty`	$5.41M	USD	Point-in-time
Long term portion of loans payable, Related Party	`LoansPayableToRelatedParty`	$8.75M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.40M	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`	$160.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.53M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$193.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.53M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$670.00K	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`	$15.20M	USD	Point-in-time
Factors	`AccountsReceivableFactorsCurrent`	$17.98M	USD	Point-in-time
Trade and other	`AccountsReceivableTradeAndOtherCurrent`	$4.14M	USD	Point-in-time
Trade and other	`AccountsReceivableTradeAndOtherCurrent`	$3.33M	USD	Point-in-time
Inventories	`InventoryNet`	$24.04M	USD	Point-in-time
Inventories	`InventoryNet`	$25.07M	USD	Point-in-time
Deferred income tax	`DeferredTaxAssetsNetCurrent`	$441.00K	USD	Point-in-time
Deferred income tax	`DeferredTaxAssetsNetCurrent`	$439.00K	USD	Point-in-time
Prepaids, deposits and other assets	`DepositsAssetsCurrent`	$716.00K	USD	Point-in-time
Prepaids, deposits and other assets	`DepositsAssetsCurrent`	$408.00K	USD	Point-in-time
Income taxes receivable / prepaid income taxes	`PrepaidTaxes`	$4.83M	USD	Point-in-time
Income taxes receivable / prepaid income taxes	`PrepaidTaxes`	$121.00K	USD	Point-in-time
Assets, Current, Total	`AssetsCurrent`	$50.59M	USD	Point-in-time
Assets, Current, Total	`AssetsCurrent`	$46.48M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$19.48M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$20.08M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$139.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$231.00K	USD	Point-in-time
Assets, Noncurrent, Total	`AssetsNoncurrent`	$20.31M	USD	Point-in-time
Assets, Noncurrent, Total	`AssetsNoncurrent`	$19.62M	USD	Point-in-time
Total Assets	`Assets`	$70.91M	USD	Point-in-time
Total Assets	`Assets`	$66.09M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$13.06M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.88M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$3.61M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$3.97M	USD	Point-in-time
Accounts payable - related parties, net	`AccountsPayableRelatedPartiesCurrent`	$161.00K	USD	Point-in-time
Accounts payable - related parties, net	`AccountsPayableRelatedPartiesCurrent`	$493.00K	USD	Point-in-time
Current portion of loans payable	`LoansPayableCurrent`	$105.00K	USD	Point-in-time
Current portion of loans payable	`LoansPayableCurrent`	$1.50M	USD	Point-in-time
Litigation reserve - Hallwood Energy matters	`LitigationReserveCurrent`	$2.08M	USD	Point-in-time
Litigation reserve - Hallwood Energy matters	`LitigationReserveCurrent`	$7.50M	USD	Point-in-time
Litigation reserve - Hallwood Energy matters	`LitigationReserveCurrent`	$2.08M	USD	Point-in-time
Liabilities, Current, Total	`LiabilitiesCurrent`	$15.20M	USD	Point-in-time
Liabilities, Current, Total	`LiabilitiesCurrent`	$20.75M	USD	Point-in-time
Long term portion of loans payable (includes $5,411 and $8,747 to related party as of June 30, 2013 and December 31, 2012, respectively)	`LongTermLineOfCredit`	$5.41M	USD	Point-in-time
Long term portion of loans payable (includes $5,411 and $8,747 to related party as of June 30, 2013 and December 31, 2012, respectively)	`LongTermLineOfCredit`	$14.08M	USD	Point-in-time
Deferred income tax	`DeferredTaxLiabilitiesNoncurrent`	$435.00K	USD	Point-in-time
Deferred income tax	`DeferredTaxLiabilitiesNoncurrent`	$437.00K	USD	Point-in-time
Liabilities, Noncurrent, Total	`LiabilitiesNoncurrent`	$14.51M	USD	Point-in-time
Liabilities, Noncurrent, Total	`LiabilitiesNoncurrent`	$5.85M	USD	Point-in-time
Total Liabilities	`Liabilities`	$29.71M	USD	Point-in-time
Total Liabilities	`Liabilities`	$26.60M	USD	Point-in-time
Contingencies and Commitments (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingencies and Commitments (Note 11)	`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`	$960.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.66M	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`	$41.20M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$39.50M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$70.91M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$66.09M	USD	Point-in-time

Income Statement 62 line items

Line Item	Tag	Value	Unit	Period
Textile products sales	`SalesRevenueGoodsNet`	$63.77M	USD	2 Qtrs
Textile products sales	`SalesRevenueGoodsNet`	$32.48M	USD	1 Quarter
Textile products sales	`SalesRevenueGoodsNet`	$73.06M	USD	2 Qtrs
Textile products sales	`SalesRevenueGoodsNet`	$37.18M	USD	1 Quarter
Textile products cost of sales	`CostOfGoodsSold`	$32.26M	USD	1 Quarter
Textile products cost of sales	`CostOfGoodsSold`	$62.41M	USD	2 Qtrs
Textile products cost of sales	`CostOfGoodsSold`	$27.46M	USD	1 Quarter
Textile products cost of sales	`CostOfGoodsSold`	$54.91M	USD	2 Qtrs
Administrative and selling expenses	`SellingGeneralAndAdministrativeExpense`	$13.67M	USD	2 Qtrs
Administrative and selling expenses	`SellingGeneralAndAdministrativeExpense`	$9.96M	USD	2 Qtrs
Administrative and selling expenses	`SellingGeneralAndAdministrativeExpense`	$4.99M	USD	1 Quarter
Administrative and selling expenses	`SellingGeneralAndAdministrativeExpense`	$6.71M	USD	1 Quarter
Litigation charge - Hallwood Energy matters	`LitigationReserveEnergyMatters`	$13.20M	USD	1 Quarter
Litigation charge - Hallwood Energy matters	`LitigationReserveEnergyMatters`	$13.20M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$38.97M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$64.87M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$89.29M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$32.44M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-1.79M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$41.00K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-1.10M	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-16.23M	USD	2 Qtrs
Interest expense	`InterestExpense`	$156.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$349.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$137.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$112.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$67.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$1.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$2.00K	USD	2 Qtrs
Interest and other income	`InterestAndOtherIncome`	$67.00K	USD	2 Qtrs
Total Other income (loss)	`NonoperatingIncomeExpense`	$-282.00K	USD	2 Qtrs
Total Other income (loss)	`NonoperatingIncomeExpense`	$-111.00K	USD	1 Quarter
Total Other income (loss)	`NonoperatingIncomeExpense`	$-89.00K	USD	1 Quarter
Total Other income (loss)	`NonoperatingIncomeExpense`	$-135.00K	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.39M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.90M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-16.36M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-48.00K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-675.00K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$309.00K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-5.58M	USD	2 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$316.00K	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-10.78M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-357.00K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-1.22M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-1.70M	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$-7.07	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$-0.80	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.23	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-1.12	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$-0.80	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.23	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-1.12	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$-7.07	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.52M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.52M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.52M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.52M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.52M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.52M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.52M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.52M	shares	2 Qtrs

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-10.78M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-357.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.22M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.70M	USD	2 Qtrs
Litigation charge - Hallwood Energy matters	`LitigationReserveEnergyMatters`	$13.20M	USD	1 Quarter
Litigation charge - Hallwood Energy matters	`LitigationReserveEnergyMatters`	$13.20M	USD	2 Qtrs
Deferred tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-5.57M	USD	2 Qtrs
Depreciation, amortization and impairment	`DepreciationDepletionAndAmortization`	$1.20M	USD	2 Qtrs
Depreciation, amortization and impairment	`DepreciationDepletionAndAmortization`	$1.27M	USD	2 Qtrs
Provision (recovery) for obsolete inventory	`InventoryWriteDown`	$257.00K	USD	2 Qtrs
Provision (recovery) for obsolete inventory	`InventoryWriteDown`	$55.00K	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`	$-73.00K	USD	2 Qtrs
Partial payment of litigation reserve - Hallwood Energy matters	`PartialPaymentOfLitigationReserve`	$23.52M	USD	2 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.89M	USD	2 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.13M	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.89M	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.17M	USD	2 Qtrs
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$-973.00K	USD	2 Qtrs
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$144.00K	USD	2 Qtrs
Net change in income taxes receivable/payable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-4.71M	USD	2 Qtrs
Net change in income taxes receivable/payable	`IncreaseDecreaseInIncomeTaxesReceivable`	$161.00K	USD	2 Qtrs
Increase (decrease) in accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$140.00K	USD	2 Qtrs
Increase (decrease) in accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-307.00K	USD	2 Qtrs
Net change in other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$148.00K	USD	2 Qtrs
Net change in other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-368.00K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.02M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-19.91M	USD	2 Qtrs
Investments in property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$793.00K	USD	2 Qtrs
Investments in property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$786.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-786.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-793.00K	USD	2 Qtrs
Proceeds from revolving credit facilities	`ProceedsFromLinesOfCredit`	$27.79M	USD	2 Qtrs
Proceeds from revolving credit facilities	`ProceedsFromLinesOfCredit`	$8.02M	USD	2 Qtrs
Repayments of revolving credit facilities	`RepaymentsOfLinesOfCredit`	$31.62M	USD	2 Qtrs
Repayments of revolving credit facilities	`RepaymentsOfLinesOfCredit`	$6.52M	USD	2 Qtrs
Proceeds from loans payable	`ProceedsFromRepaymentsOfNotesPayable`	$10.00M	USD	2 Qtrs
Proceeds from loans payable	`ProceedsFromRepaymentsOfNotesPayable`	$705.00K	USD	2 Qtrs
Repayments of loans payable	`RepaymentsOfNotesPayable`	$4.15M	USD	2 Qtrs
Repayments of loans payable	`RepaymentsOfNotesPayable`	$1.00M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.27M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.50M	USD	2 Qtrs
DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.20M	USD	2 Qtrs
DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-33.00K	USD	2 Qtrs
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$10.87M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$160.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$193.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$670.00K	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`	$160.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$193.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$670.00K	USD	Point-in-time

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$41.20M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$39.50M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$-10.78M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-357.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.22M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.70M	USD	2 Qtrs
Ending balance	`StockholdersEquity`	$41.20M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$39.50M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-10.78M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-357.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.22M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.70M	USD	2 Qtrs
Other Comprehensive Income (Loss) None	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter
Other Comprehensive Income (Loss) None	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	2 Qtrs
Other Comprehensive Income (Loss) None	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	2 Qtrs
Other Comprehensive Income (Loss) None	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-10.78M	USD	2 Qtrs
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-1.22M	USD	1 Quarter
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-1.70M	USD	2 Qtrs
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-357.00K	USD	1 Quarter

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