XML 42 R33.htm IDEA: XBRL DOCUMENT v3.22.2.2

Segment Information (Tables)

6 Months Ended

Jul. 31, 2022

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

The following table presents segment information for the periods, and as of the dates, indicated. Prior-year information has been recast to reflect the change discussed above.

		Thirteen Weeks Ended																Twenty-Six Weeks Ended
		July 31,								August 1,								July 31,								August 1,
		2022								2021								2022								2021
						% Net								% Net								% Net								% Net
Net Sales						Sales								Sales								Sales								Sales
Hooker Branded		$	52,817				34.5	%		$	49,929				30.7	%		$	95,047				31.7	%		$	101,268				31.1	%
Home Meridian			59,048				38.6	%			87,323				53.7	%			121,133				40.3	%			171,732				52.8	%
Domestic Upholstery			38,326				25.1	%			23,665				14.6	%			79,546				26.5	%			49,086				15.1	%
All Other			2,717				1.8	%			1,602				1.0	%			4,497				1.5	%			3,293				1.0	%
Consolidated		$	152,908				100	%		$	162,519				100.0	%		$	300,223				100.0	%		$	325,379				100.0	%
Gross Profit
Hooker Branded		$	15,598				29.5	%		$	17,060				34.2	%		$	28,837				30.3	%		$	34,273				33.8	%
Home Meridian			7,321				12.4	%			9,607				11.0	%			13,626				11.2	%			19,742				11.5	%
Domestic Upholstery			7,128				18.6	%			4,517				19.1	%			16,483				20.7	%			10,154				20.7	%
All Other			1,008				37.1	%			533				33.3	%			1,568				34.9	%			1,130				34.3	%
Consolidated		$	31,055				20.3	%		$	31,717				19.5	%		$	60,514				20.2	%		$	65,299				20.1	%
Operating Income/(Loss)
Hooker Branded		$	6,072				11.5	%		$	8,929				17.9	%		$	10,214				10.7	%		$	18,371				18.1	%
Home Meridian			(991	)			-1.7	%			43				0.0	%			(4,085	)			-3.4	%			908				0.5	%
Domestic Upholstery			1,713				4.5	%			569				2.4	%			4,465				5.6	%			2,300				4.7	%
All Other			497				18.3	%			120				7.5	%			621				13.8	%			324				9.8	%
Consolidated		$	7,291				4.8	%		$	9,661				5.9	%		$	11,215				3.7	%		$	21,903				6.7	%
Capital Expenditures
Hooker Branded		$	239							$	38							$	706							$	121
Home Meridian			592								1,109								632								2,455
Domestic Upholstery			286								130								609								889
All Other			-								-								-								-
Consolidated		$	1,117							$	1,277							$	1,947							$	3,465
Depreciation    & Amortization
Hooker Branded		$	437							$	750							$	1,122							$	1,200
Home Meridian			725								567								1,386								1,068
Domestic Upholstery			957								549								1,896								1,309
All Other			3								2								5								6
Consolidated		$	2,122							$	1,868							$	4,409							$	3,583

Reconciliation of Assets from Segment to Consolidated [Table Text Block]

		As of July 31,								As of January 30,
		2022				%Total				2022				%Total
Identifiable Assets						Assets								Assets
Hooker Branded		$	151,444				41.7	%		$	170,968				48.8	%
Home Meridian			144,674				39.8	%			130,890				37.4	%
Domestic Upholstery			64,554				17.7	%			47,232				13.5	%
All Other			2,821				0.8	%			1,126				0.3	%
Consolidated		$	363,493				100	%		$	350,216				100	%
Consolidated Goodwill and Intangibles			49,138								24,343
Total Consolidated Assets		$	412,631							$	374,559

Revenue from External Customers by Products and Services [Table Text Block]

Sales by product type are as follows:

		Net Sales (in thousands)
		Thirteen Weeks Ended																Twenty-Six Weeks Ended
		July 31, 2022				%Total				August 1, 2021				%Total				July 31, 2022				%Total				August 1, 2021				%Total
Casegoods		$	92,869				61	%		$	96,494				59	%		$	167,313				56	%		$	193,590				59	%
Upholstery			60,039				39	%			66,025				41	%			132,910				44	%			131,789				41	%
		$	152,908				100	%		$	162,519				100	%		$	300,223				100	%		$	325,379				100	%

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

+ Details

Name:	us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599

+ Details

Name:	us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration