10-K
Annual Report
HOOKER FURNISHINGS CORPORATION
HOFT
NASDAQ
CIK: 1077688
File #: 000-25349
Balance Sheet
45 line items · 2 periods
XBRL
| Item | Feb 2, 2025 | Jan 28, 2024 |
|---|---|---|
Assets | ||
Current assets | ||
Cash and cash equivalents | 6,295,000 | 43,159,000 |
Trade accounts receivable, net (See notes 5 and 6) | 58,198,000 | 51,280,000 |
Inventories (see note 7) | 70,755,000 | 61,815,000 |
Income tax recoverable | 521,000 | 3,014,000 |
Prepaid expenses and other current assets | 5,355,000 | 5,530,000 |
Total current assets | 141,124,000 | 164,798,000 |
Property, plant and equipment, net (See note 8) | 28,195,000 | 29,142,000 |
Cash surrender value of life insurance policies (See note 11) | 29,238,000 | 28,528,000 |
Fair Value, Inputs, Level 1 | 0 | 0 |
Fair Value, Inputs, Level 2 | 29,238,000 | 28,528,000 |
Fair Value, Inputs, Level 3 | 0 | 0 |
Deferred taxes (See note 17) | 16,057,000 | 12,005,000 |
Operating leases right-of-use assets (See note 12) | 45,575,000 | 50,801,000 |
Real Estate | 44,640,000 | 49,968,000 |
Property, Plant and Equipment | 935,000 | 833,000 |
Intangible assets, net (See note 10) | 22,104,000 | 28,622,000 |
Goodwill (See note 10) | 15,036,000 | 15,036,000 |
Sunset HWM, LLC | 14,462,000 | — |
Other assets | 16,613,000 | 14,654,000 |
Total non-current assets | 172,818,000 | 178,788,000 |
Total assets | 313,942,000 | 343,586,000 |
Liabilities and Shareholders’ Equity | ||
Current liabilities | ||
Current portion of long-term debt (See note 13) | 0 | 1,393,000 |
Trade accounts payable | 20,001,000 | 16,470,000 |
Accrued salaries, wages and benefits | 3,851,000 | 7,400,000 |
Accrued income taxes | 49,000 | 0 |
Customer deposits | 5,655,000 | 5,920,000 |
Current portion of operating lease liabilities (See note 12) | 7,502,000 | 6,964,000 |
Other accrued expenses | 2,916,000 | 3,262,000 |
Total current liabilities | 39,974,000 | 41,409,000 |
Long term debt (See note 13) | 21,717,000 | 21,481,000 |
Deferred compensation (See note 14) | 6,795,000 | 7,418,000 |
Operating lease liabilities (See note 12) | 41,073,000 | 46,414,000 |
Other long-term liabilities (See note 4) | 0 | 889,000 |
Total long-term liabilities | 69,585,000 | 76,202,000 |
Total liabilities | 109,559,000 | 117,611,000 |
Shareholders’ equity | ||
Common stock, no par value, 20,000 shares authorized, 10,703 and 10,672 shares issued and outstanding on each date | 50,474,000 | 49,524,000 |
Retained earnings | 153,336,000 | 175,717,000 |
Accumulated other comprehensive income | 573,000 | 734,000 |
Total shareholders’ equity | 204,383,000 | 225,975,000 |
Total liabilities and shareholders’ equity | 313,942,000 | 343,586,000 |