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NOTE 15 - SEGMENT INFORMATION
 12 Months Ended
Jan. 29, 2012
Segment Reporting Disclosure [Text Block]
NOTE 15 – SEGMENT INFORMATION

We are organized in two reportable segments – casegoods and upholstered furniture. Prior to our fiscal 2012 year-end, we reported our results of operations in one operating segment, due to the similarity of the nature of our products, production processes, distribution methods, types of customers and regulatory environment. While these similarities persist, we believe that the near-to-medium term economic characteristics of our import casegoods segments and our upholstery segment, which is primarily domestically manufactured, are currently each unique enough to necessitate disaggregating our segment information in order to comply with the objectives of ASC 280 Segment Reporting. These objectives are to assist the users of our financial statements to:

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Better understand our performance,

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Better assess our prospects for future net cash flows, and

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Make more informed judgments about us as a whole.

We typically assess segment performance using the following metrics:

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Net sales volume,

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Gross profit and gross profit margin as a percentage of net sales,

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Operating income and operating income margin as a percentage of net sales, and

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Incoming order rates.

The following table presents segment information for each of the following three fiscal years:

   
Fifty-Two Weeks Ended
 
   
January 29, 2012
   
January 30, 2011
   
January 31, 2010
 
                   
Net Sales
                 
   Casegoods
  $ 147,927     $ 143,157     $ 140,365  
   Upholstery
    74,578       72,272       62,982  
Consolidated
  $ 222,505     $ 215,429     $ 203,347  
                         
Operating Income
                       
   Casegoods
  $ 10,644     $ 9,348     $ 11,048  
   Upholstery
    (3,971 )     (5,287 )     (5,862 )
Consolidated
  $ 6,673     $ 4,061     $ 5,186  
                         
Total Assets
                       
   Casegoods
  $ 119,645     $ 118,448     $ 117,892  
   Upholstery
    29,526       31,963       31,207  
Consolidated
  $ 149,171     $ 150,411     $ 149,099  
                         
Capital Expenditures
                       
   Casegoods
  $ 2,979     $ 1,185     $ 622  
   Upholstery
    826       825       1,056  
Consolidated
  $ 3,805     $ 2,010     $ 1,678  
                         
Depreciation & Amortization
                       
   Casegoods
  $ (1,717 )   $ (1,918 )   $ (2,158 )
   Upholstery
    (849 )     (930 )     (967 )
Consolidated
  $ (2,566 )   $ (2,848 )   $ (3,125 )

No significant long lived assets were held outside the United States at either January 29, 2012 or January 30, 2011. International customers accounted for 5.0% of consolidated net sales in fiscal 2012, 4.1% of consolidated net sales in fiscal 2011, and 3.5% of consolidated net sales in fiscal 2010.