10-Q
Quarterly Report
HOOKER FURNISHINGS CORPORATION
HOFT
NASDAQ
CIK: 1077688
File #: 000-25349
Balance Sheet
43 line items · 2 periods
XBRL
| Item | Jul 28, 2024 | Jan 28, 2024 |
|---|---|---|
Assets | ||
Current assets | ||
Cash and cash equivalents | 42,050,000 | 43,159,000 |
Trade accounts receivable, net | 43,998,000 | 51,280,000 |
Inventories | 57,099,000 | 61,815,000 |
Income tax recoverable | 1,872,000 | 3,014,000 |
Prepaid expenses and other current assets | 9,307,000 | 5,530,000 |
Total current assets | 154,326,000 | 164,798,000 |
Property, plant and equipment, net | 28,391,000 | 29,142,000 |
Cash surrender value of life insurance policies | 29,408,000 | 28,528,000 |
Fair Value, Inputs, Level 1 | 0 | 0 |
Fair Value, Inputs, Level 2 | 29,408,000 | 28,528,000 |
Fair Value, Inputs, Level 3 | 0 | 0 |
Deferred taxes | 13,970,000 | 12,005,000 |
Operating leases right-of-use assets | 47,969,000 | 50,801,000 |
Real Estate | 47,282,000 | 49,968,000 |
Property, Plant and Equipment | 687,000 | 833,000 |
Intangible assets, net | 26,774,000 | 28,622,000 |
Goodwill | 15,036,000 | 15,036,000 |
Other assets | 16,554,000 | 14,654,000 |
Total non-current assets | 178,102,000 | 178,788,000 |
Total assets | 332,428,000 | 343,586,000 |
Liabilities and Shareholders’ Equity | ||
Current liabilities | ||
Current portion of long-term debt | 22,177,000 | 1,393,000 |
Trade accounts payable | 19,915,000 | 16,470,000 |
Accrued salaries, wages and benefits | 6,073,000 | 7,400,000 |
Customer deposits | 8,715,000 | 5,920,000 |
Current portion of operating lease liabilities | 7,327,000 | 6,964,000 |
Other accrued expenses | 2,246,000 | 3,262,000 |
Total current liabilities | 66,453,000 | 41,409,000 |
Long term debt | — | 21,481,000 |
Deferred compensation | 7,132,000 | 7,418,000 |
Operating lease liabilities | 43,504,000 | 46,414,000 |
Other long-term liabilities | — | 889,000 |
Total long-term liabilities | 50,636,000 | 76,202,000 |
Total liabilities | 117,089,000 | 117,611,000 |
Shareholders’ equity | ||
Common stock, no par value, 20,000 shares authorized, 10,714 and 10,672 shares issued and outstanding on each date | 49,950,000 | 49,524,000 |
Retained earnings | 164,745,000 | 175,717,000 |
Accumulated other comprehensive income | 644,000 | 734,000 |
Total shareholders’ equity | 215,339,000 | 225,975,000 |
Total liabilities and shareholders’ equity | 332,428,000 | 343,586,000 |