10-K
Annual Report
HOOKER FURNISHINGS CORPORATION
HOFT
NASDAQ
CIK: 1077688
File #: 000-25349
Balance Sheet
46 line items · 2 periods
XBRL
| Item | Feb 1, 2026 | Feb 2, 2025 |
|---|---|---|
Assets | ||
Current assets | ||
Cash and cash equivalents | 1,112,000 | 6,295,000 |
Trade accounts receivable, net (See notes 4 and 5) | 37,786,000 | 45,487,000 |
Inventories (see note 6) | 48,684,000 | 66,228,000 |
Income tax recoverable | 30,000 | 521,000 |
Prepaid expenses and other current assets | 5,283,000 | 5,080,000 |
Current assets held for sale (See note 3) | 0 | 17,513,000 |
Total current assets | 92,895,000 | 141,124,000 |
Property, plant and equipment, net (See note 7) | 25,207,000 | 27,343,000 |
Cash surrender value of life insurance policies (See note 10) | 30,422,000 | 29,238,000 |
Fair Value, Inputs, Level 1 | 0 | 0 |
Fair Value, Inputs, Level 2 | 30,422,000 | 29,238,000 |
Fair Value, Inputs, Level 3 | 0 | 0 |
Deferred taxes (See note 16) | 24,941,000 | 16,057,000 |
Operating leases right-of-use assets (See note 11) | 23,015,000 | 39,264,000 |
Real Estate | 22,328,000 | 38,329,000 |
Property, Plant and Equipment | 687,000 | 935,000 |
Intangible assets, net (See note 9) | 12,994,000 | 17,999,000 |
Goodwill (See note 9) | 575,000 | 15,036,000 |
Non-current assets held for sale (See note 3) | 0 | 11,269,000 |
Other assets | 15,842,000 | 16,612,000 |
Total non-current assets | 132,996,000 | 172,818,000 |
Total assets | 225,891,000 | 313,942,000 |
Liabilities and Shareholders’ Equity | ||
Current liabilities | ||
Trade accounts payable | 11,002,000 | 16,376,000 |
Accrued salaries, wages and benefits | 3,730,000 | 3,851,000 |
Accrued income taxes | 42,000 | 49,000 |
Customer deposits | 5,291,000 | 5,655,000 |
Current portion of operating lease liabilities (See note 11) | 5,445,000 | 6,311,000 |
Other accrued expenses | 2,083,000 | 2,916,000 |
Current liabilities held for sale (See note 3) | 0 | 4,816,000 |
Total current liabilities | 27,593,000 | 39,974,000 |
Long term debt (See note 12) | 3,223,000 | 21,717,000 |
Deferred compensation (See note 13) | 6,365,000 | 6,795,000 |
Operating lease liabilities (See note 11) | 19,468,000 | 35,331,000 |
Long-term liabilities held for sale (See note 3) | 0 | 5,742,000 |
Total long-term liabilities | 29,056,000 | 69,585,000 |
Total liabilities | 56,649,000 | 109,559,000 |
Shareholders’ equity | ||
Common stock, no par value, 20,000 shares authorized, 10,764 and 10,703 shares issued and outstanding on each date | 51,361,000 | 50,474,000 |
Retained earnings | 117,603,000 | 153,336,000 |
Accumulated other comprehensive income | 278,000 | 573,000 |
Total shareholders’ equity | 169,242,000 | 204,383,000 |
Total liabilities and shareholders’ equity | 225,891,000 | 313,942,000 |