XML 52 R2.htm IDEA: XBRL DOCUMENT v3.26.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Pay-Versus-Performance Table
Value of initial Fixed $100
Investment		Company
Selected
Financial
Performance
Measure
YearSCT Total
Compensation
for PEO (1)		Compensation
Actually Paid to
PEO		Average SCT
Total
Compensation
For Non-PEO
NEOs (2)		Average
Compensation
Actually Paid
to Non‑PEO
NEOs		Total
Shareholder
Return		Peer Group
Total
Shareholder
Return (3)		Net
Income (4)
(in 000s)		Pre-Tax
Income (5)
(in 000s)
(a)(b)(c)(d)(e)(f)(g)(h)(i)
2025$2,635,789 $2,836,481 $1,443,577 $1,512,308 $118 $120 $19,730 $26,833 
20242,604,854 609,226 927,201 366,433 106 149 19,956 26,153 
20232,887,694 3,479,323 1,134,652 1,292,075 161 104 56,319 72,711 
20222,679,191 2,646,013 1,170,014 959,065 126 89 89,358 119,501 
20213,161,832 3,814,594 1,215,126 1,490,490 121 135 90,803 118,535 
        
Company Selected Measure Name Pre-tax income        
Named Executive Officers, Footnote Steve Burdette served as our CEO in 2025 and Clarence Smith served as our CEO for each year from 2021 through 2024. The NEOs included in this calculation for each year are:
2025 - Clarence Smith, Richard Hare and John Gill
2024 – Steve Burdette, Richard Hare, John Gill, Helen Bautista and Ed Clary.
2023 – Steve Burdette, Richard Hare, Ed Clary, and John Gill
2022 – Steve Burdette, Richard Hare, Ed Clary, John Gill and Rawson Haverty
2021 – Steve Burdette, Richard Hare, Ed Clary, and John Gill
        
Peer Group Issuers, Footnote The peer group TSR is based on the cumulative return of the NYSE/AMEX/Nasdaq Home Furnishings & Equipment Store Index (SIC Codes 5700-5799), the same index used for our performance graph disclosed in our 2025 Annual Report on Form 10-K.        
PEO Total Compensation Amount $ 2,635,789 $ 2,604,854 $ 2,887,694 $ 2,679,191 $ 3,161,832
PEO Actually Paid Compensation Amount $ 2,836,481 609,226 3,479,323 2,646,013 3,814,594
Adjustment To PEO Compensation, Footnote The additional table below sets forth each of the amounts required by SEC rule to be deducted from and added to the amount of total compensation as reflected in the Summary Compensation Table, to calculate CAP. There were no assumptions made in the valuation of equity awards that differ materially from those disclosed as of the grant date of such equity awards.
 2025 Reconciliation
PEOOther
NEOs
Total Compensation From SCT$2,635,789 $1,443,577 
DEDUCT: grant date fair value (GDFV) of equity awards granted during FY
$1,072,193 $404,440 
ADD: FV as of FY-end of equity awards granted during the year that are outstanding and unvested as of FY-end
$1,285,734 $478,062 
ADD: change as of end of FY in FV of awards granted in any prior year that are outstanding and unvested as of FY-end
$17,584 $25,377 
ADD: change as of the vesting date (from end of prior FY) in FV for any equity awards granted in any prior year that vested at the end of or during FY
$(6,541)$(4,595)
DEDUCT: FV at the end of the prior FY for awards granted in any prior year that failed to meet applicable vesting conditions or were cancelled during FY
$— $— 
DEDUCT: change in actuarial present value of the accumulated benefit under all defined benefit and actuarial pension plans reported in SCT(1)
$23,892 $25,673 
Compensation Actually Paid (CAP) as defined by SEC Rule$2,836,481 $1,512,308 
(1)As discussed on page 37, the SERP was frozen in 2006 and accordingly there are no changes related to service costs and prior service costs.
        
Non-PEO NEO Average Total Compensation Amount $ 1,443,577 927,201 1,134,652 1,170,014 1,215,126
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,512,308 366,433 1,292,075 959,065 1,490,490
Adjustment to Non-PEO NEO Compensation Footnote The additional table below sets forth each of the amounts required by SEC rule to be deducted from and added to the amount of total compensation as reflected in the Summary Compensation Table, to calculate CAP. There were no assumptions made in the valuation of equity awards that differ materially from those disclosed as of the grant date of such equity awards.
 2025 Reconciliation
PEOOther
NEOs
Total Compensation From SCT$2,635,789 $1,443,577 
DEDUCT: grant date fair value (GDFV) of equity awards granted during FY
$1,072,193 $404,440 
ADD: FV as of FY-end of equity awards granted during the year that are outstanding and unvested as of FY-end
$1,285,734 $478,062 
ADD: change as of end of FY in FV of awards granted in any prior year that are outstanding and unvested as of FY-end
$17,584 $25,377 
ADD: change as of the vesting date (from end of prior FY) in FV for any equity awards granted in any prior year that vested at the end of or during FY
$(6,541)$(4,595)
DEDUCT: FV at the end of the prior FY for awards granted in any prior year that failed to meet applicable vesting conditions or were cancelled during FY
$— $— 
DEDUCT: change in actuarial present value of the accumulated benefit under all defined benefit and actuarial pension plans reported in SCT(1)
$23,892 $25,673 
Compensation Actually Paid (CAP) as defined by SEC Rule$2,836,481 $1,512,308 
(1)As discussed on page 37, the SERP was frozen in 2006 and accordingly there are no changes related to service costs and prior service costs.
        
Compensation Actually Paid vs. Total Shareholder Return
CAP versus TSR
4517
        
Compensation Actually Paid vs. Net Income
Compensation Actual Paid versus Net Income
5401
        
Compensation Actually Paid vs. Company Selected Measure versus Pre-Tax Income
4940
        
Total Shareholder Return Vs Peer Group
Total Shareholder Return ("TSR") : Company versus Peer Group
4550
        
Tabular List, Table
Financial Performance Measures
Our executive compensation program and compensation decisions reflect the guiding principles of aligning long-term performance and stockholder interests. The metrics used within our incentive plans are selected to support these objectives. The most important financial performance measures used by the Company to link executive compensation actually paid to the Company’s NEOs for the most recently completed fiscal year to the Company’s performance are as follows:
•Pre-Tax Income
•EBITDA
•Net Sales
        
Total Shareholder Return Amount $ 118 106 161 126 121
Peer Group Total Shareholder Return Amount 120 149 104 89 135
Net Income (Loss) $ 19,730,000 $ 19,956,000 $ 56,319,000 $ 89,358,000 $ 90,803,000
Company Selected Measure Amount 26,833,000 26,153,000 72,711,000 119,501,000 118,535,000
PEO Name Steve Burdette Clarence Smith Clarence Smith Clarence Smith Clarence Smith
Additional 402(v) Disclosure Net income as included in our 2025 Annual Report on Form 10-K. Pre-tax income, or income before income taxes, as included in our 2025 Annual Report on Form 10-K.
While the Company utilizes several performance measures to align executive compensation with Company performance, not all of those Company measures are presented in the Pay-versus-Performance Table set forth above. Moreover, the Company generally seeks to incentivize positive long-term performance and, therefore, does not specifically align the Company’s performance measures with compensation that is actually paid (as computed in accordance with Item 402(v) of Regulation S-K) for a particular year. In accordance with Item 402(v), the Company is providing the following descriptions of the relationships between information presented in the Pay‑versus-Performance table.
Total Shareholder Return: TSR has the most direct and significant impact on CEO and NEO compensation actually paid. This is primarily driven by our compensation program design, which is structured with a significant portion of compensation delivered in equity awards (RSUs and PRSUs). The graphs below show the relationship between (1) compensation actually paid to our CEO and the average of the compensation actually paid to our other NEOs and our cumulative TSR and (2) our cumulative TSR and peer group TSR, over the five fiscal years ending December 31, 2025.
Pre-Tax Income: Pre-Tax Income impacts on CEO and NEO compensation actually paid because it is the primary metric in our MIP-I Plan. The graphs below show the relationship between compensation actually paid to our CEO and the average of the compensation actually paid to our other NEOs and our pre-tax income over the five fiscal years ending December 31, 2025.
        
Measure:: 1          
Pay vs Performance Disclosure          
Name Pre-Tax Income        
Measure:: 2          
Pay vs Performance Disclosure          
Name EBITDA        
Measure:: 3          
Pay vs Performance Disclosure          
Name Net Sales        
PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (23,892)        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,072,193)        
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,285,734        
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 17,584        
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (6,541)        
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (25,673)        
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (404,440)        
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 478,062        
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 25,377        
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (4,595)        
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0