10-Q
Quarterly Report
HOOKER FURNISHINGS CORPORATION
HOFT
NASDAQ
CIK: 1077688
File #: 000-25349
Balance Sheet
40 line items · 2 periods
XBRL
| Item | May 4, 2025 | Feb 2, 2025 |
|---|---|---|
Assets | ||
Current assets | ||
Cash and cash equivalents | 18,011,000 | 6,295,000 |
Trade accounts receivable, net | 39,597,000 | 58,198,000 |
Inventories | 64,316,000 | 70,755,000 |
Income tax recoverable | 0 | 521,000 |
Prepaid expenses and other current assets | 6,144,000 | 5,355,000 |
Total current assets | 128,068,000 | 141,124,000 |
Property, plant and equipment, net | 28,164,000 | 28,195,000 |
Cash surrender value of life insurance policies | 30,015,000 | 29,238,000 |
Fair Value, Inputs, Level 2 | 30,015,000 | 29,238,000 |
Deferred taxes | 17,120,000 | 16,057,000 |
Operating leases right-of-use assets | 43,689,000 | 45,575,000 |
Real Estate | 42,818,000 | 44,640,000 |
Property, Plant and Equipment | 871,000 | 935,000 |
Intangible assets, net | 21,191,000 | 22,104,000 |
Goodwill | 15,036,000 | 15,036,000 |
Other assets | 16,402,000 | 16,613,000 |
Total non-current assets | 171,617,000 | 172,818,000 |
Total assets | 299,685,000 | 313,942,000 |
Liabilities and Shareholders’ Equity | ||
Current liabilities | ||
Trade accounts payable | 11,534,000 | 20,001,000 |
Accrued salaries, wages and benefits | 4,006,000 | 3,851,000 |
Accrued income taxes | 292,000 | 49,000 |
Customer deposits | 6,386,000 | 5,655,000 |
Current portion of operating lease liabilities | 7,647,000 | 7,502,000 |
Other accrued expenses | 2,643,000 | 2,916,000 |
Total current liabilities | 32,508,000 | 39,974,000 |
Long term debt | 22,263,000 | 21,717,000 |
Deferred compensation | 6,649,000 | 6,795,000 |
Operating lease liabilities | 39,108,000 | 41,073,000 |
Total long-term liabilities | 68,020,000 | 69,585,000 |
Total liabilities | 100,528,000 | 109,559,000 |
Shareholders’ equity | ||
Common stock, no par value, 20,000 shares authorized, 10,712 and 10,703 shares issued and outstanding on each date | 50,831,000 | 50,474,000 |
Retained earnings | 147,787,000 | 153,336,000 |
Accumulated other comprehensive income | 539,000 | 573,000 |
Total shareholders’ equity | 199,157,000 | 204,383,000 |
Total liabilities and shareholders’ equity | 299,685,000 | 313,942,000 |