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NOTE 16 - SEGMENT INFORMATION
 12 Months Ended
Jan. 29, 2017
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
NOTE 16 – SEGMENT INFORMATION

As a public entity, we are required to present disaggregated information by segment using the management approach. The objective of this approach is to allow users of our financial statements to see our business through the eyes of management based upon the way management reviews performance and makes decisions. The management approach requires segment information to be reported based on how management internally evaluates the operating performance of the company’s business units or segments. The objective of this approach is to meet the basic principles of segment reporting as outlined in ASC 280 Segments (“ASC 280”), which are to allow the users of our financial statements to:

§
better understand our performance;

§
better assess our prospects for future net cash flows; and

§
make more informed judgments about us as a whole.

We define our segments as those operations our chief operating decision maker (“CODM”), our Chief Executive Officer, regularly reviews to analyze performance and allocate resources. We measure the results of our segments using, among other measures, each segment’s net sales, gross profit and operating income, as determined by the information regularly reviewed by the CODM.

For financial reporting purposes, we are organized into four operating segments:

§
Hooker Casegoods, an imported casegoods business; 

§
Upholstery, which includes the domestic upholstery manufacturing operations Bradington-Young and Sam Moore and the imported upholstery operations of Hooker Upholstery;

§
All Other, which includes H Contract and Homeware, two new businesses started in 2013. Neither of these segments met the ASC 280 aggregation criteria nor were individually reportable; therefore, we combined them in an “All Other” segment in accordance with ASC 280; and

§
Home Meridian, acquired at the beginning of fiscal 2017, is stand-alone, mostly autonomous business that serves a different type or class of customer than do the legacy Hooker businesses and at much lower margins.

The following table presents segment information for the periods, and as of the dates, indicated:

   
Fifty-Two Weeks Ended
          
Fifty-Two Weeks Ended
          
Fifty-Two Weeks Ended
        
   
January 29, 2017
          
January 31, 2016
          
February 1, 2015
        
         
% Net
          
% Net
          
% Net
  
Net Sales
        
Sales
          
Sales
          
Sales
  
   Hooker Casegoods
  
$
141,486
      
24.5
%
  
$
155,106
      
62.8
%
  
$
153,882
      
63.0
%
   Upholstery
    
81,965
      
14.2
%
    
84,090
      
34.0
%
    
86,362
      
35.3
%
   Home Meridian
    
344,635
      
59.7
%
    
-
              
-
          
   All Other
    
9,133
      
1.6
%
    
8,033
      
3.3
%
    
5,025
      
2.1
%
   Intercompany eliminations
    
-
      
 
    
(230
)
            
(919
)
        
Consolidated
  
$
577,219
      
100.0
%
  
$
246,999
      
100.0
%
  
$
244,350
      
100.0
%
                                                 
Gross Profit
                                                
   Hooker Casegoods
  
$
47,218
      
33.4
%
  
$
47,558
      
30.7
%
  
$
44,868
      
29.2
%
   Upholstery
    
18,949
      
23.1
%
    
18,852
      
22.4
%
    
16,489
      
19.1
%
   Home Meridian
    
57,289
      
16.6
%
    
-
              
-
          
   All Other
    
2,655
      
29.1
%
    
2,252
      
28.0
%
    
1,465
      
29.2
%
   Intercompany eliminations
    
10
              
26
              
(22
)
        
Consolidated
  
$
126,121
      
21.8
%
  
$
68,688
      
27.8
%
  
$
62,800
      
25.7
%
                                                 
Operating Income
                                                
   Hooker Casegoods
  
$
18,543
      
13.1
%
  
$
18,509
      
11.9
%
  
$
17,286
      
11.2
%
   Upholstery
    
6,043
      
7.4
%
    
6,020
      
7.2
%
    
2,871
      
3.3
%
   Home Meridian
    
14,375
      
4.2
%
    
-
              
-
          
   All Other
    
249
      
2.7
%
    
(293
)
    
-3.6
%
    
(1,087
)
    
-21.6
%
   Intercompany eliminations
    
10
              
26
              
(22
)
        
Consolidated
  
$
39,220
      
6.8
%
  
$
24,262
      
9.8
%
  
$
19,048
      
7.8
%
                                                 
Capital Expenditures
                                                
   Hooker Casegoods
  
$
1,193
            
$
2,219
            
$
2,124
          
   Upholstery
    
972
              
621
              
830
          
   Home Meridian
    
280
                                          
   All Other
    
9
              
7
              
40
          
Consolidated
  
$
2,454
            
$
2,847
            
$
2,994
          
                                                 
Depreciation & Amortization
                                                
   Hooker Casegoods
  
$
2,214
            
$
1,808
            
$
1,591
          
   Upholstery
    
947
              
1,126
              
1,005
          
   Home Meridian
    
4,704
                                          
   All Other
    
135
              
12
              
3
          
Consolidated
  
$
8,000
            
$
2,946
            
$
2,599
          

   
As of January 29,
            
As of January 31,
                          
    2017    
%Total
     2016    
%Total
                  
Identifiable Assets
          
Assets
            
Assets
                  
   Hooker Casegoods
  
$
130,917
      
41.1
%
  
$
146,794
      
80.8
%
                
   Upholstery
    
32,275
      
10.1
%
    
34,010
      
18.7
%
                
   Home Meridian
    
154,954
      
48.6
%
    
-
                          
   All Other
    
554
      
0.2
%
    
863
      
0.5
%
                
   Intercompany eliminations
    
(4
)
            
(14
)
                        
Consolidated
  
$
318,696
      
100.0
%
  
$
181,653
      
100.0
%
                

Sales by product type are as follows:

   
Net Sales (in thousands)
  
   
Fiscal
  
   
2017
    
2016
    
2015
  
                   
Casegoods
  
$
391,347
    
$
158,963
    
$
156,464
  
Upholstery
    
185,872
      
88,036
      
87,886
  
   
$
577,219
    
$
246,999
    
$
244,350
  

No significant long-lived assets were held outside the United States at either January 29, 2017 or February 1, 2015. International customers accounted for approximately 2% of consolidated invoiced sales in fiscal 2017 and fiscal 2016 and 6% of consolidated invoiced sales in fiscal 2015.