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NOTE 18 - SUBSEQUENT EVENTS (Tables) | 12 Months Ended
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Jan. 31, 2016
Subsequent Events [Abstract] |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | The consideration and components of Hooker Furniture’s initial fair value allocation of the purchase price paid at closing and in the subsequent Net Working Capital Adjustment consisted of the following:
Fair value estimates of assets acquired and liabilities assumed |
Purchase price consideration |  |  |
Cash paid for assets acquired |  | $ | 85,000 |
Value of shares issued for assets acquired |  |  | 15,000 |
Value of shares issued for excess net working capital |  |  | 5,267 |
Cash paid for net working capital adjustment |  |  | 995 |
Total purchase price |  | $ | 106,262 |
Accounts receivable |  | $ | 45,360 |
Inventory |  |  | 37,607 |
Prepaid expenses and other current assets |  |  | 2,045 |
Property and equipment |  |  | 5,814 |
Intangible assets |  |  | 28,800 |
Goodwill |  |  | 21,023 |
Accounts payable and accrued expenses |  |  | (18,948 | )
Accrued expenses |  |  | (6,783 | )
Pension plan and deferred compensation liabilities |  |  | (8,656 | )
Total purchase price |  | $ | 106,262 |

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1392-128463 + Details
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