13.

Segment Information

For financial reporting purposes, we are organized into two reportable segments and “All Other”, which includes the remainder of our businesses:

■

Hooker Branded, consisting of the operations of our imported Hooker Casegoods and Hooker Upholstery businesses;

■

Home Meridian, a business acquired at the beginning of fiscal 2017, is a stand-alone, mostly autonomous business that serves a different type or class of customer than do our other operating segments and at much lower margins; and

■

All Other, which includes the domestic upholstery manufacturing operations of Bradington-Young, Sam Moore, Shenandoah Furniture, and H Contract. None of these operating segments were individually reportable; therefore, we combined them in “All Other” in accordance with ASC 280.

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

	Thirteen Weeks Ended
	May 5, 2019						April 29, 2018
				% Net						% Net
Net Sales				Sales						Sales
Hooker Branded	$	39,600			29.2	%	$	42,772			29.9	%
Home Meridian		67,630			49.9	%		70,596			49.4	%
All Other		28,288			20.9	%		29,524			20.7	%
Consolidated	$	135,518			100.0	%	$	142,892			100.0	%

Gross Profit
Hooker Branded	$	12,556			31.7	%	$	14,422			33.7	%
Home Meridian		5,903			8.7	%		10,416			14.8	%
All Other		7,058			25.0	%		7,128			24.1	%
Consolidated	$	25,517			18.8	%	$	31,966			22.4	%

Operating Income
Hooker Branded	$	5,177			13.1	%	$	6,726			15.7	%
Home Meridian		(4,993	)		-7.4	%		(288	)		-0.4	%
All Other		2,721			9.6	%		2,942			10.0	%
Consolidated	$	2,905			2.1	%	$	9,380			6.6	%

Capital Expenditures
Hooker Branded	$	125					$	210
Home Meridian		117						36
All Other		1,285						124
Consolidated	$	1,527					$	370


Depreciation & Amortization
Hooker Branded	$	492					$	484
Home Meridian		531						591
All Other		693						753
Consolidated	$	1,716					$	1,828

	As of May 5,					As of February 3,
	2019		%Total			2019		%Total
Identifiable Assets			Assets					Assets
Hooker Branded	$	148,866		45.6	%	$	108,445		36.9	%
Home Meridian		135,312		41.4	%		144,277		49.1	%
All Other		42,524		13.0	%		41,181		14.0	%
Consolidated	$	326,702		100.0	%	$	293,903		100.0	%
Consolidated Goodwill and Intangibles		75,217					75,813
Total Consolidated Assets	$	401,919				$	369,716

Sales by product type are as follows:

	Net Sales (in thousands)
	Thirteen Weeks Ended
	May 5, 2019		%Total			April 29, 2018		%Total
Casegoods	$	84,464		62	%	$	89,492		63	%
Upholstery		51,054		38	%		53,400		37	%
	$	135,518		100	%	$	142,892		100	%