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Pay vs Performance Disclosure
12 Months Ended
Feb. 02, 2025
USD ($)
Jan. 28, 2024
USD ($)
Jan. 29, 2023
USD ($)
Jan. 30, 2022
USD ($)
Jan. 31, 2021
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table

Pay versus Performance

 

The following table shows the past five fiscal years’ total compensation for the named executive officers as set forth in the Summary Compensation Table, the total compensation actually paid (“CAP”) to the named executive officers, the Company’s total shareholder return (“TSR”), the peer group’s total shareholder return over the same period, the Company’s net income, and the Company’s EPS as the company-selected performance measure.

Fiscal Year 2025 Pay versus Performance Table

 

Year  Summary
compensation
table total
for CEO(1)
   Compensation
actually paid
to CEO(2)
   Average
summary
compensation
table total for
other
NEOs(1)
   Average
compensation
actually paid
to other
NEOs(2)
   Total
shareholder
return(3)
   Peer group
total
shareholder
return(3)
   Net income   EPS 
   ($)   ($)   ($)   ($)   ($)   ($)   ($, in thousands)   ($) 
2025   1,624,654    57,920    705,987    97,258    63.19    109.27    (12,507)   (1.19)
2024   1,215,181    1,444,583    567,507    617,865    117.75    102.30    9,865    0.91 
2023   1,186,994    1,067,309    538,642    462,562    92.52    95.20    (4,312)   (0.37)
2022   798,169    406,825    577,484    244,027    90.30    119.43    11,718    0.97 
2021   923,559    463,541    534,790    585,697    126.19    123.64    (10,426)   (0.88)

 

(1)The principal executive officers and other named executive officers for fiscal years 2021 - 2025 are the following:

 

Year   CEO   Other NEOs
2025   Jeremy R. Hoff   Paul A. Huckfeldt, Anne J. Smith, Tod R. Phelps
2024   Jeremy R. Hoff   Paul A. Huckfeldt, Anne J. Smith, Tod R. Phelps
2023   Jeremy R. Hoff   Paul A. Huckfeldt, Anne J. Smith, Tod R. Phelps
2022   Jeremy R. Hoff   Paul A. Huckfeldt, Anne J. Smith, Tod R. Phelps, D. Lee Boone
2021   Paul B, Toms, Jr.   Paul A. Huckfeldt, Anne J. Smith, D. Lee Boone, Jeremy R. Hoff, Douglas Townsend

 

(2)SEC rules require certain adjustments be made to the Summary Compensation Table totals to determine compensation “actually paid” as reported in the Pay versus Performance table. The following table details these adjustments:

 

Year  Executives  Summary
Compensation
Table Total
   Deduct
Reported
Change in
Actuarial
Present
Value of
Pension
Benefits(a)
   Add
Pension
Benefit
Adjustments(b)
   Deduct
Reported
Value of
Equity
Awards(c)
   Add Equity
Award
Adjustments(d)
   Compensation
Actually
Paid
 
       ($)    ($)    ($)    ($)    ($)    ($) 
2025  CEO   1,624,654    -    -    (930,648)   (636,086)   57,920 
   Other NEOs   705,987    (52,883)   16,320    (197,800)   (374,366)   97,258 

 

(a)The amounts in this column represent the amounts reported in the “Change in Pension Value and Non-Qualified Deferred Compensation Earnings” column of the Summary Compensation Table for each appliable year. In fiscal year 2025, the change in pension value was $96,838 for Mr. Huckfeldt and $61,810 for Ms. Smith.
(b)The amounts deducted or added in calculating the pension value adjustments are as follows:

 

Year  Executives  Service
Cost (i)
   Prior
Service
Cost (ii)
   Total
Pension
Value
Adjustment
 
       ($)    ($)    ($) 
2025  CEO   -    -    - 
   Other NEOs   16,320    -    16,320 

 

(c)The amounts in this column represent the grant date fair value of equity awards as reported in the “Stock Awards” column of the Summary Compensation Table for each applicable year.

 

(d)The amounts deducted or added in calculating the equity award adjustments are as follows:

 

Year  Executive  Year end
fair value
of equity
awards
granted
during the
year
   Year over
year change
in fair value
of
outstanding
and
unvested
equity
awards
   Fair value
as of
vesting
date of
equity
awards
granted
and vested
in the year
   Year over
year
change in
fair value
of equity
awards
granted in
prior
years that
vested in
the year
   Fair value
at the end
of the
prior year
of equity
awards
that failed
to meet
vesting
conditions
in the year
   Value of
dividends or
other
earnings
paid on stock
or option
awards not
otherwise
reflected in
fair value or
total compensation
   Total equity
award
adjustments
 
       ($)    ($)    ($)    ($)    ($)    ($)    ($) 
2025  CEO   446,391    (531,002)   -    (8,891)   (542,584)   -    (636,086)
   Other NEOs   35,392    (105,156)   14,585    (57,478)   (261,709)        (374,366)

 

(3)Total shareholder return (TSR) is determined based on the value of an initial fixed investment of $100 at the beginning of the 2021 fiscal year. The peer group TSR prepared by Zacks Investment Research, Inc. represents cumulative, weighted TSR of the peer group under Standard Industrial Classification (SIC) Codes 2510 and 2511, which includes home furnishings companies that are publicly traded in the United States or Canada. For more information regarding the peer group TSR, refer to the performance graph that is included in the 2025 Form 10-K, as filed with the SEC.
       
Company Selected Measure Name EPS        
Named Executive Officers, Footnote
(1)The principal executive officers and other named executive officers for fiscal years 2021 - 2025 are the following:
Year   CEO   Other NEOs
2025   Jeremy R. Hoff   Paul A. Huckfeldt, Anne J. Smith, Tod R. Phelps
2024   Jeremy R. Hoff   Paul A. Huckfeldt, Anne J. Smith, Tod R. Phelps
2023   Jeremy R. Hoff   Paul A. Huckfeldt, Anne J. Smith, Tod R. Phelps
2022   Jeremy R. Hoff   Paul A. Huckfeldt, Anne J. Smith, Tod R. Phelps, D. Lee Boone
2021   Paul B, Toms, Jr.   Paul A. Huckfeldt, Anne J. Smith, D. Lee Boone, Jeremy R. Hoff, Douglas Townsend
       
PEO Total Compensation Amount [1] $ 1,624,654 $ 1,215,181 $ 1,186,994 $ 798,169 $ 923,559
PEO Actually Paid Compensation Amount [2] $ 57,920 1,444,583 1,067,309 406,825 463,541
Adjustment To PEO Compensation, Footnote
(2)SEC rules require certain adjustments be made to the Summary Compensation Table totals to determine compensation “actually paid” as reported in the Pay versus Performance table. The following table details these adjustments:
Year  Executives  Summary
Compensation
Table Total
   Deduct
Reported
Change in
Actuarial
Present
Value of
Pension
Benefits(a)
   Add
Pension
Benefit
Adjustments(b)
   Deduct
Reported
Value of
Equity
Awards(c)
   Add Equity
Award
Adjustments(d)
   Compensation
Actually
Paid
 
       ($)    ($)    ($)    ($)    ($)    ($) 
2025  CEO   1,624,654    -    -    (930,648)   (636,086)   57,920 
   Other NEOs   705,987    (52,883)   16,320    (197,800)   (374,366)   97,258 
(a)The amounts in this column represent the amounts reported in the “Change in Pension Value and Non-Qualified Deferred Compensation Earnings” column of the Summary Compensation Table for each appliable year. In fiscal year 2025, the change in pension value was $96,838 for Mr. Huckfeldt and $61,810 for Ms. Smith.
(b)The amounts deducted or added in calculating the pension value adjustments are as follows:
Year  Executives  Service
Cost (i)
   Prior
Service
Cost (ii)
   Total
Pension
Value
Adjustment
 
       ($)    ($)    ($) 
2025  CEO   -    -    - 
   Other NEOs   16,320    -    16,320 
(c)The amounts in this column represent the grant date fair value of equity awards as reported in the “Stock Awards” column of the Summary Compensation Table for each applicable year.
(d)The amounts deducted or added in calculating the equity award adjustments are as follows:
Year  Executive  Year end
fair value
of equity
awards
granted
during the
year
   Year over
year change
in fair value
of
outstanding
and
unvested
equity
awards
   Fair value
as of
vesting
date of
equity
awards
granted
and vested
in the year
   Year over
year
change in
fair value
of equity
awards
granted in
prior
years that
vested in
the year
   Fair value
at the end
of the
prior year
of equity
awards
that failed
to meet
vesting
conditions
in the year
   Value of
dividends or
other
earnings
paid on stock
or option
awards not
otherwise
reflected in
fair value or
total compensation
   Total equity
award
adjustments
 
       ($)    ($)    ($)    ($)    ($)    ($)    ($) 
2025  CEO   446,391    (531,002)   -    (8,891)   (542,584)   -    (636,086)
   Other NEOs   35,392    (105,156)   14,585    (57,478)   (261,709)        (374,366)
       
Non-PEO NEO Average Total Compensation Amount [1] $ 705,987 567,507 538,642 577,484 534,790
Non-PEO NEO Average Compensation Actually Paid Amount [2] $ 97,258 617,865 462,562 244,027 585,697
Adjustment to Non-PEO NEO Compensation Footnote
(2)SEC rules require certain adjustments be made to the Summary Compensation Table totals to determine compensation “actually paid” as reported in the Pay versus Performance table. The following table details these adjustments:
Year  Executives  Summary
Compensation
Table Total
   Deduct
Reported
Change in
Actuarial
Present
Value of
Pension
Benefits(a)
   Add
Pension
Benefit
Adjustments(b)
   Deduct
Reported
Value of
Equity
Awards(c)
   Add Equity
Award
Adjustments(d)
   Compensation
Actually
Paid
 
       ($)    ($)    ($)    ($)    ($)    ($) 
2025  CEO   1,624,654    -    -    (930,648)   (636,086)   57,920 
   Other NEOs   705,987    (52,883)   16,320    (197,800)   (374,366)   97,258 
(a)The amounts in this column represent the amounts reported in the “Change in Pension Value and Non-Qualified Deferred Compensation Earnings” column of the Summary Compensation Table for each appliable year. In fiscal year 2025, the change in pension value was $96,838 for Mr. Huckfeldt and $61,810 for Ms. Smith.
(b)The amounts deducted or added in calculating the pension value adjustments are as follows:
Year  Executives  Service
Cost (i)
   Prior
Service
Cost (ii)
   Total
Pension
Value
Adjustment
 
       ($)    ($)    ($) 
2025  CEO   -    -    - 
   Other NEOs   16,320    -    16,320 
(c)The amounts in this column represent the grant date fair value of equity awards as reported in the “Stock Awards” column of the Summary Compensation Table for each applicable year.
(d)The amounts deducted or added in calculating the equity award adjustments are as follows:
Year  Executive  Year end
fair value
of equity
awards
granted
during the
year
   Year over
year change
in fair value
of
outstanding
and
unvested
equity
awards
   Fair value
as of
vesting
date of
equity
awards
granted
and vested
in the year
   Year over
year
change in
fair value
of equity
awards
granted in
prior
years that
vested in
the year
   Fair value
at the end
of the
prior year
of equity
awards
that failed
to meet
vesting
conditions
in the year
   Value of
dividends or
other
earnings
paid on stock
or option
awards not
otherwise
reflected in
fair value or
total compensation
   Total equity
award
adjustments
 
       ($)    ($)    ($)    ($)    ($)    ($)    ($) 
2025  CEO   446,391    (531,002)   -    (8,891)   (542,584)   -    (636,086)
   Other NEOs   35,392    (105,156)   14,585    (57,478)   (261,709)        (374,366)
       
Compensation Actually Paid vs. Total Shareholder Return

CAP versus the Company’s TSR and peer group’s TSR

 

 

       
Compensation Actually Paid vs. Net Income

CAP versus Net Income

 

       
Compensation Actually Paid vs. Company Selected Measure

CAP versus Company-selected Measure (EPS)

 

       
Total Shareholder Return Vs Peer Group
(3)Total shareholder return (TSR) is determined based on the value of an initial fixed investment of $100 at the beginning of the 2021 fiscal year. The peer group TSR prepared by Zacks Investment Research, Inc. represents cumulative, weighted TSR of the peer group under Standard Industrial Classification (SIC) Codes 2510 and 2511, which includes home furnishings companies that are publicly traded in the United States or Canada. For more information regarding the peer group TSR, refer to the performance graph that is included in the 2025 Form 10-K, as filed with the SEC.
       
Tabular List, Table

Company Financial Performance Measures

 

The items listed below represent the most important metrics used to determine CAP for fiscal year 2025 as further described in the Compensation Discussion and Analysis on page 19.

 

Most Important Performance Measures    
Consolidated net sales    
Consolidated operating income     
Earnings per share (“EPS”)     
Total shareholder return (“TSR”)     
       
Total Shareholder Return Amount [3] $ 63.19 117.75 92.52 90.3 126.19
Peer Group Total Shareholder Return Amount [3] 109.27 102.3 95.2 119.43 123.64
Net Income (Loss) $ (12,507,000) $ 9,865,000 $ (4,312,000) $ 11,718,000 $ (10,426,000)
Company Selected Measure Amount (1.19) 0.91 (0.37) 0.97 (0.88)
PEO Name Jeremy R. Hoff Jeremy R. Hoff Jeremy R. Hoff Jeremy R. Hoff Paul B, Toms, Jr.
Measure:: 1          
Pay vs Performance Disclosure          
Name Consolidated net sales        
Measure:: 2          
Pay vs Performance Disclosure          
Name Consolidated operating income        
Measure:: 3          
Pay vs Performance Disclosure          
Name Earnings per share (“EPS”)        
Measure:: 4          
Pay vs Performance Disclosure          
Name Total shareholder return (“TSR”)        
Mr. Huckfeldt [Member] | Deduct Reported Change in Actuarial Present Value of Pension Benefits [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 96,838        
Ms. Smith [Member] | Deduct Reported Change in Actuarial Present Value of Pension Benefits [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 61,810        
PEO | Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Pension Adjustments Prior Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Equity Awards Adjustments          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (636,086)        
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 446,391        
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (531,002)        
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (8,891)        
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (542,584)        
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Deduct Reported Change in Actuarial Present Value of Pension Benefits [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount [4] 0        
PEO | Add Pension Benefit Adjustments [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount [5] 0        
PEO | Deduct Reported Value of Equity Awards [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount [6] (930,648)        
PEO | Add Equity Award Adjustments [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount [7] (636,086)        
PEO | Total Pension Adjustments [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 16,320        
Non-PEO NEO | Pension Adjustments Prior Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Equity Awards Adjustments          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (374,366)        
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 35,392        
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 14,585        
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (57,478)        
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (261,709)        
Non-PEO NEO | Deduct Reported Change in Actuarial Present Value of Pension Benefits [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount [4] (52,883)        
Non-PEO NEO | Add Pension Benefit Adjustments [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount [5] 16,320        
Non-PEO NEO | Deduct Reported Value of Equity Awards [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount [6] (197,800)        
Non-PEO NEO | Add Equity Award Adjustments [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount [7] (374,366)        
Non-PEO NEO | Total Pension Adjustments [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 16,320        
Non-PEO NEO | Year over year change in fair value of outstanding and unvested equity awards [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (105,156)        
[1]
(1)The principal executive officers and other named executive officers for fiscal years 2021 - 2025 are the following:
Year   CEO   Other NEOs
2025   Jeremy R. Hoff   Paul A. Huckfeldt, Anne J. Smith, Tod R. Phelps
2024   Jeremy R. Hoff   Paul A. Huckfeldt, Anne J. Smith, Tod R. Phelps
2023   Jeremy R. Hoff   Paul A. Huckfeldt, Anne J. Smith, Tod R. Phelps
2022   Jeremy R. Hoff   Paul A. Huckfeldt, Anne J. Smith, Tod R. Phelps, D. Lee Boone
2021   Paul B, Toms, Jr.   Paul A. Huckfeldt, Anne J. Smith, D. Lee Boone, Jeremy R. Hoff, Douglas Townsend
[2]
(2)SEC rules require certain adjustments be made to the Summary Compensation Table totals to determine compensation “actually paid” as reported in the Pay versus Performance table. The following table details these adjustments:
Year  Executives  Summary
Compensation
Table Total
   Deduct
Reported
Change in
Actuarial
Present
Value of
Pension
Benefits(a)
   Add
Pension
Benefit
Adjustments(b)
   Deduct
Reported
Value of
Equity
Awards(c)
   Add Equity
Award
Adjustments(d)
   Compensation
Actually
Paid
 
       ($)    ($)    ($)    ($)    ($)    ($) 
2025  CEO   1,624,654    -    -    (930,648)   (636,086)   57,920 
   Other NEOs   705,987    (52,883)   16,320    (197,800)   (374,366)   97,258 
(a)The amounts in this column represent the amounts reported in the “Change in Pension Value and Non-Qualified Deferred Compensation Earnings” column of the Summary Compensation Table for each appliable year. In fiscal year 2025, the change in pension value was $96,838 for Mr. Huckfeldt and $61,810 for Ms. Smith.
(b)The amounts deducted or added in calculating the pension value adjustments are as follows:
Year  Executives  Service
Cost (i)
   Prior
Service
Cost (ii)
   Total
Pension
Value
Adjustment
 
       ($)    ($)    ($) 
2025  CEO   -    -    - 
   Other NEOs   16,320    -    16,320 
(c)The amounts in this column represent the grant date fair value of equity awards as reported in the “Stock Awards” column of the Summary Compensation Table for each applicable year.
(d)The amounts deducted or added in calculating the equity award adjustments are as follows:
Year  Executive  Year end
fair value
of equity
awards
granted
during the
year
   Year over
year change
in fair value
of
outstanding
and
unvested
equity
awards
   Fair value
as of
vesting
date of
equity
awards
granted
and vested
in the year
   Year over
year
change in
fair value
of equity
awards
granted in
prior
years that
vested in
the year
   Fair value
at the end
of the
prior year
of equity
awards
that failed
to meet
vesting
conditions
in the year
   Value of
dividends or
other
earnings
paid on stock
or option
awards not
otherwise
reflected in
fair value or
total compensation
   Total equity
award
adjustments
 
       ($)    ($)    ($)    ($)    ($)    ($)    ($) 
2025  CEO   446,391    (531,002)   -    (8,891)   (542,584)   -    (636,086)
   Other NEOs   35,392    (105,156)   14,585    (57,478)   (261,709)        (374,366)
[3]
(3)Total shareholder return (TSR) is determined based on the value of an initial fixed investment of $100 at the beginning of the 2021 fiscal year. The peer group TSR prepared by Zacks Investment Research, Inc. represents cumulative, weighted TSR of the peer group under Standard Industrial Classification (SIC) Codes 2510 and 2511, which includes home furnishings companies that are publicly traded in the United States or Canada. For more information regarding the peer group TSR, refer to the performance graph that is included in the 2025 Form 10-K, as filed with the SEC.
[4] The amounts in this column represent the amounts reported in the “Change in Pension Value and Non-Qualified Deferred Compensation Earnings” column of the Summary Compensation Table for each appliable year. In fiscal year 2025, the change in pension value was $96,838 for Mr. Huckfeldt and $61,810 for Ms. Smith.
[5]
(b)The amounts deducted or added in calculating the pension value adjustments are as follows:
Year  Executives  Service
Cost (i)
   Prior
Service
Cost (ii)
   Total
Pension
Value
Adjustment
 
       ($)    ($)    ($) 
2025  CEO   -    -    - 
   Other NEOs   16,320    -    16,320 
[6] The amounts in this column represent the grant date fair value of equity awards as reported in the “Stock Awards” column of the Summary Compensation Table for each applicable year.
[7] The amounts deducted or added in calculating the equity award adjustments are as follows:
Year  Executive  Year end
fair value
of equity
awards
granted
during the
year
   Year over
year change
in fair value
of
outstanding
and
unvested
equity
awards
   Fair value
as of
vesting
date of
equity
awards
granted
and vested
in the year
   Year over
year
change in
fair value
of equity
awards
granted in
prior
years that
vested in
the year
   Fair value
at the end
of the
prior year
of equity
awards
that failed
to meet
vesting
conditions
in the year
   Value of
dividends or
other
earnings
paid on stock
or option
awards not
otherwise
reflected in
fair value or
total compensation
   Total equity
award
adjustments
 
       ($)    ($)    ($)    ($)    ($)    ($)    ($) 
2025  CEO   446,391    (531,002)   -    (8,891)   (542,584)   -    (636,086)
   Other NEOs   35,392    (105,156)   14,585    (57,478)   (261,709)        (374,366)