10-Q
Quarterly Report
HOOKER FURNISHINGS CORPORATION
HOFT
NASDAQ
CIK: 1077688
File #: 000-25349
Balance Sheet
43 line items · 2 periods
XBRL
| Item | Oct 29, 2023 | Jan 29, 2023 |
|---|---|---|
Assets | ||
Current assets | ||
Cash and cash equivalents | 39,795,000 | 19,002,000 |
Trade accounts receivable, net | 59,065,000 | 62,129,000 |
Inventories | 65,156,000 | 96,675,000 |
Income tax recoverable | 3,073,000 | 3,079,000 |
Prepaid expenses and other current assets | 5,934,000 | 6,418,000 |
Total current assets | 173,023,000 | 187,303,000 |
Property, plant and equipment, net | 29,079,000 | 27,010,000 |
Cash surrender value of life insurance policies | 28,264,000 | 27,576,000 |
Fair Value, Inputs, Level 1 | 0 | 0 |
Fair Value, Inputs, Level 2 | 28,264,000 | 27,576,000 |
Fair Value, Inputs, Level 3 | 0 | 0 |
Deferred taxes | 11,959,000 | 14,484,000 |
Operating leases right-of-use assets | 54,202,000 | 68,949,000 |
Real Estate | 53,374,000 | 68,212,000 |
Property, Plant and Equipment | 828,000 | 737,000 |
Intangible assets, net | 29,547,000 | 31,779,000 |
Goodwill | 15,036,000 | 14,952,000 |
Other assets | 13,388,000 | 9,663,000 |
Total non-current assets | 181,475,000 | 194,413,000 |
Total assets | 354,498,000 | 381,716,000 |
Liabilities and Shareholders’ Equity | ||
Current liabilities | ||
Current portion of long-term debt | 1,393,000 | 1,393,000 |
Trade accounts payable | 23,294,000 | 16,090,000 |
Accrued salaries, wages and benefits | 6,716,000 | 9,290,000 |
Customer deposits | 5,033,000 | 8,511,000 |
Current portion of operating lease liabilities | 7,045,000 | 7,316,000 |
Other accrued expenses | 3,135,000 | 7,438,000 |
Total current liabilities | 46,616,000 | 50,038,000 |
Long term debt | 21,829,000 | 22,874,000 |
Deferred compensation | 7,737,000 | 8,178,000 |
Operating lease liabilities | 49,651,000 | 63,762,000 |
Other long-term liabilities | 877,000 | 843,000 |
Total long-term liabilities | 80,094,000 | 95,657,000 |
Total liabilities | 126,710,000 | 145,695,000 |
Shareholders’ equity | ||
Common stock, no par value, 20,000 shares authorized, 10,672 and 11,197 shares issued and outstanding on each date | 49,503,000 | 50,770,000 |
Retained earnings | 177,579,000 | 184,386,000 |
Accumulated other comprehensive income | 706,000 | 865,000 |
Total shareholders’ equity | 227,788,000 | 236,021,000 |
Total liabilities and shareholders’ equity | 354,498,000 | 381,716,000 |