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NOTE 7 - INTANGIBLE ASSETS | 12 Months Ended
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Jan. 29, 2012
Intangible Assets Disclosure [Text Block] | NOTE 7 – INTANGIBLE ASSETS
|  |  | January 29, |  |  | January 30, |
| Segment |  | 2012 |  |  | 2011 |
Non-amortizable Intangible Assets |  |  |  |  |  |  |
Trademarks and trade names - Bradington-Young | Upholstery |  | $ | 861 |  |  | $ | 2,676 |
Trademarks and trade names - Sam Moore | Upholstery |  |  | 396 |  |  |  | 396 |
Total trademarks and trade names |  |  |  | 1,257 |  |  |  | 3,072 |
We recorded certain intangible assets related to the acquisitions of Bradington-Young and Sam Moore. The trademarks and trade names have indefinite useful lives and consequently are not subject to amortization for financial reporting purposes but are tested for impairment annually or more frequently if events or circumstances indicate that the asset might be impaired. See “Note 1 – Summary of Significant Accounting Policies: Intangible Assets.” Trade names and trademarks are related to the acquisitions of Bradington-Young and Sam Moore. In conjunction with our evaluation of the cash flows generated by the reporting units, we evaluated the carrying value of trade names and trademarks using the relief from royalty method, which values the trade name/trademark by estimating the savings achieved by ownership of the trade name/trademark when compared to licensing the name/mark from an independent owner. The inputs used in the tradename analysis are considered Level 3 fair value measurements. Our trade name/trademark analyses for the last three fiscal years lead us to conclude certain of our trade names/trademarks were impaired. Consequently, we recorded impairment charges on these intangible assets as follows:
|  | Fifty-Two Weeks Ended |
|  | January 29, |  |  | January 30, |  |  | January 31, |
|  | 2012 |  |  | 2011 |  |  | 2010 |
Trade name impairment charges: |  |  |  |  |  |  |  |  |
Opus Designs by Hooker Furniture |  | $ | - |  |  | $ | 396 |  |  | $ | 661 |
Bradington-Young |  |  | 1,815 |  |  |  | - |  |  |  | 613 |
Total trade name impairment |  | $ | 1,815 |  |  | $ | 396 |  |  | $ | 1,274 |
These impairment charges are included in “intangible asset impairment charges” in our line of our consolidated statements of operations.

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6905858&loc=d3e16373-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 44, 45, 46 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6905858&loc=d3e16323-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6905858&loc=d3e16265-109275 + Details
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