10-Q Filing

HALLWOOD GROUP INC CIK: 355766 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0001193125-13-441246`
Period End Date	20130930
Filing Date	20131114
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	hwg-20130930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 62 Cash Flow Statement 54 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`	$8.75M	USD	Point-in-time
Long term portion of loans payable, Related Party	`LoansPayableToRelatedParty`	$5.41M	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
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`	$159.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$193.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.55M	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`	$15.49M	USD	Point-in-time
Trade and other	`AccountsReceivableTradeAndOtherCurrent`	$3.18M	USD	Point-in-time
Trade and other	`AccountsReceivableTradeAndOtherCurrent`	$4.14M	USD	Point-in-time
Inventories	`InventoryNet`	$26.80M	USD	Point-in-time
Inventories	`InventoryNet`	$25.07M	USD	Point-in-time
Deferred income tax	`DeferredTaxAssetsNetCurrent`	$439.00K	USD	Point-in-time
Deferred income tax	`DeferredTaxAssetsNetCurrent`	$441.00K	USD	Point-in-time
Prepaids, deposits and other assets	`DepositsAssetsCurrent`	$475.00K	USD	Point-in-time
Prepaids, deposits and other assets	`DepositsAssetsCurrent`	$716.00K	USD	Point-in-time
Income taxes receivable / prepaid income taxes	`PrepaidTaxes`	$155.00K	USD	Point-in-time
Income taxes receivable / prepaid income taxes	`PrepaidTaxes`	$4.83M	USD	Point-in-time
Assets, Current, Total	`AssetsCurrent`	$50.59M	USD	Point-in-time
Assets, Current, Total	`AssetsCurrent`	$46.70M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$19.06M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$20.08M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$231.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$119.00K	USD	Point-in-time
Assets, Noncurrent, Total	`AssetsNoncurrent`	$19.18M	USD	Point-in-time
Assets, Noncurrent, Total	`AssetsNoncurrent`	$20.31M	USD	Point-in-time
Total Assets	`Assets`	$70.91M	USD	Point-in-time
Total Assets	`Assets`	$65.88M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.88M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$13.06M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$4.06M	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`	$632.00K	USD	Point-in-time
Current portion of loans payable	`LoansPayableCurrent`	$1.15M	USD	Point-in-time
Current portion of loans payable	`LoansPayableCurrent`	$105.00K	USD	Point-in-time
Litigation reserve - Hallwood Energy matters	`LitigationReserveCurrent`	$996.00K	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`	$19.90M	USD	Point-in-time
Liabilities, Current, Total	`LiabilitiesCurrent`	$15.20M	USD	Point-in-time
Long term portion of loans payable (includes $5,411 and $8,747 to related party as of September 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 September 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`	$5.85M	USD	Point-in-time
Liabilities, Noncurrent, Total	`LiabilitiesNoncurrent`	$14.51M	USD	Point-in-time
Total Liabilities	`Liabilities`	$25.75M	USD	Point-in-time
Total Liabilities	`Liabilities`	$29.71M	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`	$2.66M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.59M	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`	$40.13M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$41.20M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$70.91M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$65.88M	USD	Point-in-time

Income Statement 62 line items

Line Item	Tag	Value	Unit	Period
Textile products sales	`SalesRevenueGoodsNet`	$27.15M	USD	1 Quarter
Textile products sales	`SalesRevenueGoodsNet`	$94.04M	USD	3 Qtrs
Textile products sales	`SalesRevenueGoodsNet`	$30.27M	USD	1 Quarter
Textile products sales	`SalesRevenueGoodsNet`	$100.21M	USD	3 Qtrs
Textile products cost of sales	`CostOfGoodsSold`	$80.46M	USD	3 Qtrs
Textile products cost of sales	`CostOfGoodsSold`	$25.55M	USD	1 Quarter
Textile products cost of sales	`CostOfGoodsSold`	$23.56M	USD	1 Quarter
Textile products cost of sales	`CostOfGoodsSold`	$85.97M	USD	3 Qtrs
Administrative and selling expenses	`SellingGeneralAndAdministrativeExpense`	$5.01M	USD	1 Quarter
Administrative and selling expenses	`SellingGeneralAndAdministrativeExpense`	$18.69M	USD	3 Qtrs
Administrative and selling expenses	`SellingGeneralAndAdministrativeExpense`	$14.98M	USD	3 Qtrs
Administrative and selling expenses	`SellingGeneralAndAdministrativeExpense`	$5.03M	USD	1 Quarter
Litigation charge (credit) - Hallwood Energy matters	`LitigationReserveEnergyMatters`	$-1.08M	USD	3 Qtrs
Litigation charge (credit) - Hallwood Energy matters	`LitigationReserveEnergyMatters`	$13.20M	USD	1 Quarter
Litigation charge (credit) - Hallwood Energy matters	`LitigationReserveEnergyMatters`	$13.20M	USD	3 Qtrs
Litigation charge (credit) - Hallwood Energy matters	`LitigationReserveEnergyMatters`	$-1.08M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$28.57M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$94.36M	USD	3 Qtrs
Total expenses	`CostsAndExpenses`	$29.49M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$117.86M	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$780.00K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-17.65M	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-323.00K	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-1.43M	USD	1 Quarter
Interest expense	`InterestExpense`	$315.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$461.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$178.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$112.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$2.00K	USD	3 Qtrs
Interest and other income	`InterestAndOtherIncome`	$67.00K	USD	3 Qtrs
Total Other income (loss)	`NonoperatingIncomeExpense`	$-394.00K	USD	3 Qtrs
Total Other income (loss)	`NonoperatingIncomeExpense`	$-112.00K	USD	1 Quarter
Total Other income (loss)	`NonoperatingIncomeExpense`	$-178.00K	USD	1 Quarter
Total Other income (loss)	`NonoperatingIncomeExpense`	$-313.00K	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-717.00K	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.60M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$668.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-17.96M	USD	3 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$351.00K	USD	3 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-6.13M	USD	3 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$35.00K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-541.00K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-1.07M	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$633.00K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-1.06M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-11.84M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$-0.70	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.70	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$-7.76	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.42	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.70	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-7.76	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$-0.70	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.42	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	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.52M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.52M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.52M	shares	3 Qtrs

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-1.07M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$633.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.06M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-11.84M	USD	3 Qtrs
Litigation charge (credit) - Hallwood Energy matters	`LitigationReserveEnergyMatters`	$-1.08M	USD	3 Qtrs
Litigation charge (credit) - Hallwood Energy matters	`LitigationReserveEnergyMatters`	$13.20M	USD	1 Quarter
Litigation charge (credit) - Hallwood Energy matters	`LitigationReserveEnergyMatters`	$13.20M	USD	3 Qtrs
Litigation charge (credit) - Hallwood Energy matters	`LitigationReserveEnergyMatters`	$-1.08M	USD	1 Quarter
Deferred tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-6.07M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.83M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.72M	USD	3 Qtrs
Provision (recovery) for obsolete inventory	`InventoryWriteDown`	$445.00K	USD	3 Qtrs
Provision (recovery) for obsolete inventory	`InventoryWriteDown`	$61.00K	USD	3 Qtrs
Provision (recovery) for doubtful accounts and factor dilution	`ProvisionForDoubtfulAccountsAndFactorDilutionDeferredTaxExpense`	$-52.00K	USD	3 Qtrs
Provision (recovery) for doubtful accounts and factor dilution	`ProvisionForDoubtfulAccountsAndFactorDilutionDeferredTaxExpense`	$108.00K	USD	3 Qtrs
Partial payment of litigation reserve - Hallwood Energy matters	`PartialPaymentOfLitigationReserve`	$23.62M	USD	3 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-5.83M	USD	3 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-728.00K	USD	3 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.31M	USD	3 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.39M	USD	3 Qtrs
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$1.80M	USD	3 Qtrs
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$4.75M	USD	3 Qtrs
Net change in income taxes receivable/payable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-645.00K	USD	3 Qtrs
Net change in income taxes receivable/payable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-4.68M	USD	3 Qtrs
Increase (decrease) in accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$730.00K	USD	3 Qtrs
Increase (decrease) in accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-304.00K	USD	3 Qtrs
Net change in other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-305.00K	USD	3 Qtrs
Net change in other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-218.00K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.64M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-19.02M	USD	3 Qtrs
Investments in property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.06M	USD	3 Qtrs
Investments in property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.33M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.33M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.06M	USD	3 Qtrs
Proceeds from revolving credit facilities	`ProceedsFromLinesOfCredit`	$11.72M	USD	3 Qtrs
Proceeds from revolving credit facilities	`ProceedsFromLinesOfCredit`	$44.24M	USD	3 Qtrs
Repayments of revolving credit facilities	`RepaymentsOfLinesOfCredit`	$9.87M	USD	3 Qtrs
Repayments of revolving credit facilities	`RepaymentsOfLinesOfCredit`	$48.42M	USD	3 Qtrs
Proceeds from loans payable	`ProceedsFromRepaymentsOfNotesPayable`	$705.00K	USD	3 Qtrs
Proceeds from loans payable	`ProceedsFromRepaymentsOfNotesPayable`	$10.24M	USD	3 Qtrs
Repayments of loans payable	`RepaymentsOfNotesPayable`	$1.05M	USD	3 Qtrs
Repayments of loans payable	`RepaymentsOfNotesPayable`	$4.15M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.62M	USD	3 Qtrs
Net cash provided by (used in) 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`	$-34.00K	USD	3 Qtrs
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$10.87M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$159.00K	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`	$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`	$159.00K	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`	$1.55M	USD	Point-in-time

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$40.13M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$41.20M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$-1.07M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$633.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.06M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-11.84M	USD	3 Qtrs
Ending balance	`StockholdersEquity`	$40.13M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$41.20M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-1.07M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$633.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.06M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-11.84M	USD	3 Qtrs
Other Comprehensive Income (Loss) None	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	3 Qtrs
Other Comprehensive Income (Loss) None	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter
Other Comprehensive Income (Loss) None	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	3 Qtrs
Other Comprehensive Income (Loss) None	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$633.00K	USD	1 Quarter
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-1.07M	USD	3 Qtrs
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-11.84M	USD	3 Qtrs
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-1.06M	USD	1 Quarter

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