XML 46 R33.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Segment Information (Tables) | 6 Months Ended
--- | ---
Jul. 28, 2024
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.
|  | Thirteen Weeks Ended |  |  | Twenty-Six Weeks Ended |
|  | July 28, |  |  |  |  |  |  | July 30, |  |  |  |  |  |  | July 28, |  |  |  |  |  |  | July 30, |  |  |  |  |
|  | 2024 |  |  |  |  |  |  | 2023 |  |  |  |  |  |  | 2024 |  |  |  |  |  |  | 2023 |  |  |  |  |
|  |  |  |  |  | % Net |  |  |  |  |  |  | % Net |  |  |  |  |  |  | % Net |  |  |  |  |  |  | % Net |
Net Sales |  |  |  |  |  | Sales |  |  |  |  |  |  | Sales |  |  |  |  |  |  | Sales |  |  |  |  |  |  | Sales |
Hooker Branded |  | $ | 34,756 |  |  |  | 36.6 | % |  | $ | 36,381 |  |  |  | 37.1 | % |  | $ | 70,109 |  |  |  | 37.1 | % |  | $ | 79,813 |  |  |  | 36.3 | %
Home Meridian |  |  | 30,516 |  |  |  | 32.1 | % |  |  | 28,911 |  |  |  | 29.6 | % |  |  | 56,940 |  |  |  | 30.2 | % |  |  | 70,832 |  |  |  | 32.3 | %
Domestic Upholstery |  |  | 28,556 |  |  |  | 30.0 | % |  |  | 30,892 |  |  |  | 31.6 | % |  |  | 58,583 |  |  |  | 31.1 | % |  |  | 65,996 |  |  |  | 30.0 | %
All Other |  |  | 1,253 |  |  |  | 1.3 | % |  |  | 1,622 |  |  |  | 1.7 | % |  |  | 3,020 |  |  |  | 1.6 | % |  |  | 2,980 |  |  |  | 1.4 | %
Consolidated |  | $ | 95,081 |  |  |  | 100 | % |  | $ | 97,806 |  |  |  | 100 | % |  | $ | 188,652 |  |  |  | 100 | % |  | $ | 219,621 |  |  |  | 100 | %
Gross Profit |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hooker Branded |  | $ | 10,417 |  |  |  | 30.0 | % |  | $ | 13,103 |  |  |  | 36.0 | % |  | $ | 21,465 |  |  |  | 30.6 | % |  | $ | 26,621 |  |  |  | 33.4 | %
Home Meridian |  |  | 5,946 |  |  |  | 19.5 | % |  |  | 3,210 |  |  |  | 11.1 | % |  |  | 9,397 |  |  |  | 16.5 | % |  |  | 9,923 |  |  |  | 14.0 | %
Domestic Upholstery |  |  | 4,646 |  |  |  | 16.3 | % |  |  | 6,365 |  |  |  | 20.6 | % |  |  | 9,351 |  |  |  | 16.0 | % |  |  | 13,387 |  |  |  | 20.3 | %
All Other |  |  | (87 | ) |  |  | -6.9 | % |  |  | 663 |  |  |  | 40.9 | % |  |  | 81 |  |  |  | 2.7 | % |  |  | 1,316 |  |  |  | 44.2 | %
Consolidated |  | $ | 20,922 |  |  |  | 22.0 | % |  | $ | 23,341 |  |  |  | 23.9 | % |  | $ | 40,294 |  |  |  | 21.4 | % |  | $ | 51,247 |  |  |  | 23.3 | %
Operating (Loss) / Income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hooker Branded |  | $ | (406 | ) |  |  | -1.2 | % |  | $ | 3,896 |  |  |  | 10.7 | % |  | $ | (399 | ) |  |  | -0.6 | % |  | $ | 6,614 |  |  |  | 8.3 | %
Home Meridian |  |  | (896 | ) |  |  | -2.9 | % |  |  | (3,336 | ) |  |  | -11.5 | % |  |  | (4,169 | ) |  |  | -7.3 | % |  |  | (5,454 | ) |  |  | -7.7 | %
Domestic Upholstery |  |  | (1,285 | ) |  |  | -4.5 | % |  |  | 724 |  |  |  | 2.3 | % |  |  | (2,593 | ) |  |  | -4.4 | % |  |  | 2,051 |  |  |  | 3.1 | %
All Other |  |  | (562 | ) |  |  | -44.9 | % |  |  | (11 | ) |  |  | -0.7 | % |  |  | (1,008 | ) |  |  | -33.4 | % |  |  | 38 |  |  |  | 1.3 | %
Consolidated |  | $ | (3,149 | ) |  |  | -3.3 | % |  | $ | 1,273 |  |  |  | 1.3 | % |  | $ | (8,169 | ) |  |  | -4.3 | % |  | $ | 3,249 |  |  |  | 1.5 | %
Capital Expenditures (net of disposals) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hooker Branded |  | $ | 240 |  |  |  |  |  |  | $ | 622 |  |  |  |  |  |  | $ | 445 |  |  |  |  |  |  | $ | 3,409 |  |  |  |  |
Home Meridian |  |  | 16 |  |  |  |  |  |  |  | 11 |  |  |  |  |  |  |  | 251 |  |  |  |  |  |  |  | 238 |  |  |  |  |
Domestic Upholstery |  |  | 323 |  |  |  |  |  |  |  | 141 |  |  |  |  |  |  |  | 714 |  |  |  |  |  |  |  | 257 |  |  |  |  |
All Other |  |  | - |  |  |  |  |  |  |  | 33 |  |  |  |  |  |  |  | 11 |  |  |  |  |  |  |  | 61 |  |  |  |  |
Consolidated |  | $ | 579 |  |  |  |  |  |  | $ | 807 |  |  |  |  |  |  | $ | 1,421 |  |  |  |  |  |  | $ | 3,965 |  |  |  |  |
Depreciation & Amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hooker Branded |  | $ | 562 |  |  |  |  |  |  | $ | 503 |  |  |  |  |  |  | $ | 1,114 |  |  |  |  |  |  | $ | 994 |  |  |  |  |
Home Meridian |  |  | 659 |  |  |  |  |  |  |  | 690 |  |  |  |  |  |  |  | 1,284 |  |  |  |  |  |  |  | 1,377 |  |  |  |  |
Domestic Upholstery |  |  | 1,087 |  |  |  |  |  |  |  | 1,007 |  |  |  |  |  |  |  | 2,166 |  |  |  |  |  |  |  | 1,954 |  |  |  |  |
All Other |  |  | 27 |  |  |  |  |  |  |  | 25 |  |  |  |  |  |  |  | 53 |  |  |  |  |  |  |  | 47 |  |  |  |  |
Consolidated |  | $ | 2,335 |  |  |  |  |  |  | $ | 2,225 |  |  |  |  |  |  | $ | 4,617 |  |  |  |  |  |  | $ | 4,372 |  |  |  |  |
Reconciliation of Assets from Segment to Consolidated [Table Text Block] |
|  | As of July 28, |  |  |  |  |  |  | As of January 28, |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | 2024 |  |  | %Total |  |  | 2024 |  |  | %Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Identifiable Assets |  |  |  |  |  | Assets |  |  |  |  |  |  | Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hooker Branded |  | $ | 174,822 |  |  |  | 60.1 | % |  | $ | 168,832 |  |  |  | 56.3 | % |  |  |
Home Meridian |  |  | 52,956 |  |  |  | 18.2 | % |  |  | 58,799 |  |  |  | 19.6 | % |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Domestic Upholstery |  |  | 58,322 |  |  |  | 20.1 | % |  |  | 67,230 |  |  |  | 22.4 | % |  |  |
All Other |  |  | 4,518 |  |  |  | 1.6 | % |  |  | 5,067 |  |  |  | 1.7 | % |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated |  | $ | 290,618 |  |  |  | 100 | % |  | $ | 299,928 |  |  |  | 100 | % |  |  |
Consolidated Goodwill and Intangibles |  |  | 41,810 |  |  |  |  |  |  |  | 43,658 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total Consolidated Assets |  | $ | 332,428 |  |  |  |  |  |  | $ | 343,586 |  |  |  |  |  |  |  |
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 28, 2024 |  |  | %Total |  |  | July 30, 2023 |  |  | %Total |  |  | July 28, 2024 |  |  | %Total |  |  | July 30, 2023 |  |  | %Total |
Casegoods |  | $ | 55,731 |  |  |  | 59 | % |  | $ | 49,984 |  |  |  | 51 | % |  | $ | 108,583 |  |  |  | 58 | % |  | $ | 117,883 |  |  |  | 54 | %
Upholstery |  |  | 39,350 |  |  |  | 41 | % |  |  | 47,822 |  |  |  | 49 | % |  |  | 80,069 |  |  |  | 42 | % |  |  | 101,738 |  |  |  | 46 | %
|  | $ | 95,081 |  |  |  | 100 | % |  | $ | 97,806 |  |  |  | 100 | % |  | $ | 188,652 |  |  |  | 100 | % |  | $ | 219,621 |  |  |  | 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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + 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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 + 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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + 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