Hooker Furnishings (HOFT) 10-Q 12 Dec 13 2014 Q3 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	9 Months Ended
	Nov. 03, 2013	Dec. 09, 2013
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'Hooker Furniture Corp	'
Document Type	'10-Q	'
Current Fiscal Year End Date	'--02-02	'
Entity Common Stock, Shares Outstanding	'	10,752,982
Amendment Flag	'false	'
Entity Central Index Key	'0001077688	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Filer Category	'Accelerated Filer	'
Entity Well-known Seasoned Issuer	'No	'
Document Period End Date	3-Nov-13	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)	Nov. 03, 2013	Feb. 03, 2013
In Thousands, unless otherwise specified
Current Assets	'	'
Cash and cash equivalents	$29,946	$26,342
Accounts receivable, less allowance for doubtful accounts of $1,082 and $1,249, respectively	26,545	28,272
Inventories	48,995	49,872
Prepaid expenses and other current assets	3,075	3,569
Deferred taxes	2,071	1,612
Total current assets	110,632	109,667
Property, plant and equipment, net	23,594	22,829
Intangible assets	1,382	1,257
Cash surrender value of life insurance policies	18,501	17,360
Deferred taxes	4,321	4,379
Other assets	332	331
Total assets	158,762	155,823
Current Liabilities	'	'
Trade accounts payable	12,271	11,620
Accrued salaries, wages and benefits	3,068	3,316
Other accrued expenses	1,695	2,531
Total current liabilities	17,034	17,467
Deferred compensation	7,851	7,311
Total liabilities	24,885	24,778
Shareholders' equity	'	'
Common stock, no par value, 20,000 shares authorized, 10,753 and 10,746 shares issued and oustanding on each date, respectively	17,528	17,360
Retained earnings	116,197	113,483
Accumulated other comprehensive income	152	202
Total shareholders' equity	133,877	131,045
Total liabilities and shareholders' equity	$158,762	$155,823

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parentheticals) (USD $)	Nov. 03, 2013	Feb. 03, 2013
In Thousands, unless otherwise specified
Allowance for doubtful accounts (in Dollars)	$1,082	$1,249
Common stock, shares authorized (in Shares)	20,000	20,000
Common stock, shares issued (in Shares)	10,753	10,746
Common stock, shares oustanding (in Shares)	10,753	10,746

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Nov. 03, 2013	Oct. 28, 2012	Nov. 03, 2013	Oct. 28, 2012
Net sales	$59,125	$56,803	$170,721	$158,718
Cost of sales	45,527	43,243	129,950	122,971
Gross profit	13,598	13,560	40,771	35,747
Selling and administrative expenses	10,443	9,781	31,742	28,118
Operating income	3,155	3,779	9,029	7,629
Other income (expense), net	9	34	-45	98
Income before income taxes	3,164	3,813	8,984	7,727
Income tax expense	1,048	1,379	3,054	2,799
Net income	$2,116	$2,434	$5,930	$4,928
Earnings per share	'	'	'	'
Basic (in Dollars per share)	$0.20	$0.23	$0.55	$0.46
Diluted (in Dollars per share)	$0.20	$0.23	$0.55	$0.46
Weighted average shares outstanding:	'	'	'	'
Basic (in Shares)	10,724	10,723	10,721	10,755
Diluted (in Shares)	10,753	10,742	10,748	10,787
Cash dividends declared per share (in Dollars per share)	$0.10	$0.10	$0.30	$0.30

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Nov. 03, 2013	Oct. 28, 2012	Nov. 03, 2013	Oct. 28, 2012
Net Income	$2,116	$2,434	$5,930	$4,928
Other comprehensive income:	'	'	'	'
Amortization of actuarial gain	-27	-14	-81	-43
Income tax effect on amortization of actuarial gains	10	5	30	16
Adjustments to net periodic benefit cost	-17	-9	-51	-27
Comprehensive Income	$2,099	$2,425	$5,879	$4,901

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Nov. 03, 2013	Oct. 28, 2012
Cash flows from operating activities	'	'
Cash received from customers	$172,409	$155,192
Cash paid to suppliers and employees	-158,704	-153,368
Income taxes paid, net	-3,904	-900
Interest paid, net	-14	-28
Net cash provided by operating activities	9,787	896
Cash flows from investing activities	'	'
Purchase of property, plant and equipment	-2,608	-3,850
Proceeds received on notes issued for the sale of property, plant and equipment	30	24
Proceeds from the sale of property and equipment	31	403
Acquisition of Homeware.com URL	-125	0
Premiums paid on company-owned life insurance	-802	-870
Proceeds received on company-owned life insurance	516	0
Net cash used in investing activities	-2,958	-4,293
Cash flows from financing activities	'	'
Cash dividends paid	-3,225	-3,235
Purchase and retirement of common stock	'	-671
Net cash used in financing activities	-3,225	-3,906
Net increase (decrease) in cash and cash equivalents	3,604	-7,303
Cash and cash equivalents at the beginning of the period	26,342	40,355
Reconciliation of net income to net cash provided by operating activities:	'	'
Net income	5,930	4,928
Depreciation and amortization	1,818	2,248
Non-cash restricted stock awards and performance grants	500	300
Provision for doubtful accounts	-191	-87
Deferred income taxes	-331	260
Gain on disposal of property	-6	-45
Gain on insurance policies	-480	-545
Changes in assets and liabilities:	'	'
Trade accounts receivable	1,918	-3,562
Inventories	877	-4,718
Prepaid expenses and other current assets	46	160
Trade accounts payable	651	171
Accrued salaries, wages and benefits	-248	-270
Accrued income taxes	-519	1,636
Other accrued expenses	-317	303
Deferred compensation	139	117
Net cash provided by operating activties	9,787	896
Cash and cash equivalents at the end of the period	$29,946	$33,052

1_Preparation_of_Interim_Finan

1. Preparation of Interim Financial Statements	9 Months Ended
	Nov. 03, 2013
Disclosure Text Block [Abstract]	'
Business Description and Basis of Presentation [Text Block]	'
	1.           Preparation of Interim Financial Statements
	The condensed consolidated financial statements of Hooker Furniture Corporation and subsidiaries (referred to as “we,” “us,” “our,” “Hooker” or the “Company”) have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”).  In the opinion of management, these statements include all adjustments necessary for a fair statement of the results of all interim periods reported herein.  All such adjustments are of a normal recurring nature.  Certain information and footnote disclosures prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) are condensed or omitted pursuant to SEC rules and regulations.  However, we believe that the disclosures made are adequate for a fair presentation of our results of operations and financial position.  Operating results for the interim periods reported herein may not be indicative of the results expected for the fiscal year.  These financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes included in our annual report on Form 10-K for the fiscal year ended February 3, 2013 (“2013 Annual Report”).
	The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect both the reported amounts of assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from our estimates.
	The financial statements contained herein are being filed as part of a quarterly report on Form 10-Q and include:
	§	our results of operations for the thirteen-week period (also referred to as “three months,” “three-month period,” “quarter,” “third quarter” or “quarterly period”) that began August 5, 2013 and the thirty-nine week period (also referred to as “nine months,” or “nine-month period”) that began February 4, 2013, which both ended November 3, 2013, compared to the thirteen-week period that began July 30, 2012 and the thirty-nine week period that began January 30, 2012, which both ended October 28, 2012; and
	§	our financial condition as of November 3, 2013 compared to February 3, 2013.
	References in these notes to the condensed consolidated financial statements of the Company to:
	§	the 2014 fiscal year and comparable terminology mean the fiscal year that began February 4, 2013 and will end February 2, 2014; and
	§	the 2013 fiscal year and comparable terminology mean the fiscal year that began January 30, 2012 and ended February 3, 2013.
	Certain amounts have been reclassified in the prior-period financial statements and notes to reflect the current-period classification.

2_Accounts_Receivable

2. Accounts Receivable	9 Months Ended
	Nov. 03, 2013
Receivables [Abstract]	'
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	'
	2.           Accounts Receivable
		November 3,			February 3,
		2013			2013
	Trade accounts receivable	$	19,886		$	22,712
	Receivable from factor		7,741			6,809
	Allowance for doubtful accounts		(1,082	)		(1,249	)
	Accounts receivable	$	26,545		$	28,272
	“Receivable from factor” represents amounts due with respect to factored accounts receivable. We factor substantially all of our domestically produced upholstery accounts receivable without recourse to us.
	Under our factoring agreement, invoices for domestically produced upholstery products are generated and transmitted to our customers, with copies to the factor on a daily basis, as products are shipped to our customers.  The factor collects the amounts due and remits collected funds to us semi-weekly, less factoring fees. We retain ownership of the accounts receivable until the invoices are 90 days past due. At that time, the factor pays us the net invoice amount, less factoring fees, and takes ownership of the accounts receivable. The factor is then entitled to collect the invoices on its own behalf and retain any subsequent remittances. The invoiced amounts are reported as accounts receivable on our condensed consolidated balance sheets, generally from the date the merchandise is shipped to our customer until payment is received from the factor.
	A limited number of our accounts receivable for our domestically produced upholstery are factored with recourse to us. The amounts of these receivables at November 3, 2013 and February 3, 2013 were $315,000 and $130,000, respectively. If the factor is unable to collect the amounts due, invoices are returned to us for collection. We include an estimate of potentially uncollectible receivables in our calculation of our allowance for doubtful accounts.

3_Inventories

3. Inventories	9 Months Ended
	Nov. 03, 2013
Inventory Disclosure [Abstract]	'
Inventory Disclosure [Text Block]	'
	3.           Inventories
		November 3,			February 3,
		2013			2013
	Finished furniture	$	58,748		$	58,584
	Furniture in process		918			688
	Materials and supplies		8,435			8,478
	Inventories at FIFO		68,101			67,750
	Reduction to LIFO basis		(19,106	)		(17,878	)
	Inventories	$	48,995		$	49,872

4_Property_Plant_and_Equipment

4. Property, Plant and Equipment	9 Months Ended
	Nov. 03, 2013
Property, Plant and Equipment [Abstract]	'
Property, Plant and Equipment Disclosure [Text Block]	'
	4.           Property, Plant and Equipment
		Depreciable Lives			November 3,		February 3,
		(In years)			2013		2013
	Buildings and land improvements	15	-	30	$	23,957	$	23,680
	Computer software and hardware	3	-	10		22,446		22,203
	Machinery and equipment			10		4,495		3,663
	Leasehold improvements	Term of lease				2,763		2,698
	Furniture and fixtures	3	-	8		2,180		1,989
	Other			5		693		703
	Total depreciable property at cost					56,534		54,936
	Less accumulated depreciation					36,258		34,559
	Total depreciable property, net					20,276		20,377
	Land					1,152		1,152
	Construction-in-progress					2,166		1,300
	Property, plant and equipment, net				$	23,594	$	22,829
	At November 3, 2013, construction-in-progress consisted of $1.1 million of expenditures related to our ongoing Enterprise Resource Planning (ERP) conversion efforts and $1.1 million related to various other projects to enhance our facilities and operations. The increase in machinery and equipment for the first nine months of 2014 is primarily related to the capitalization of computerized fabric cutting equipment for our upholstery operating segment.

5_Intangible_Assets

5. Intangible Assets	9 Months Ended
	Nov. 03, 2013
Disclosure Text Block [Abstract]	'
Intangible Assets Disclosure [Text Block]	'
	5.           Intangible Assets
		November 3,		February 3,
		2013		2013
	Non-amortizable Intangible Assets
	Trademarks and trade names - Bradington-Young	$	861	$	861
	Trademarks and trade names - Sam Moore		396		396
	URL- Homeware.com		125		-
	Total trademarks and tradenames		1,382		1,257
	We purchased the Homeware.com URL during the fiscal 2014 third quarter.

6_LongTerm_Debt

6. Long-Term Debt	9 Months Ended
	Nov. 03, 2013
Disclosure Text Block [Abstract]	'
Long-term Debt [Text Block]	'
	6.           Long-Term Debt
	As of November 3, 2013, we had an aggregate $12.9 million available under our $15.0 million unsecured revolving credit facility to fund working capital needs.  Standby letters of credit in the aggregate amount of $2.1 million, used to collateralize certain insurance arrangements and for imported product purchases, were outstanding under our revolving credit facility as of November 3, 2013.  There were no additional borrowings outstanding under the revolving credit facility on November 3, 2013.  Any principal outstanding under the revolving credit facility is due July 31, 2018.

7_Employee_Benefit_Plans

7. Employee Benefit Plans	9 Months Ended
	Nov. 03, 2013
Compensation and Retirement Disclosure [Abstract]	'
Pension and Other Postretirement Benefits Disclosure [Text Block]	'
	7.           Employee Benefit Plans
	We maintain a supplemental retirement income plan (“SRIP”) for certain former and current executives. The liability for the SRIP at November 3, 2013 and February 3, 2013 was $7.6 million and $7.4 million, respectively, and is shown in our condensed consolidated balance sheets as follows:
		November 3,			February 3,
		2013			2013
	Accrued salaries, wages and benefits (current portion)	$	379		$	379
	Deferred compensation (long-term portion)		7,256			7,056
	Total liability	$	7,635		$	7,435
	Components of net periodic benefit cost for the SRIP are included in our condensed consolidated statements of income under selling and administrative expenses:
		Thirteen Weeks Ended						Thirty-Nine Weeks Ended
		November 3,			October 28,			November 3,			October 28,
		2013			2012			2013			2012
	Net periodic benefit cost
	Service cost	$	64		$	64		$	192		$	191
	Interest cost		73			74			219			223
	Actuarial gain		(26	)		(15	)		(79	)		(44	)
	Net periodic benefit cost	$	111		$	123		$	332		$	370

8_Earnings_Per_Share

8. Earnings Per Share	9 Months Ended
	Nov. 03, 2013
Earnings per share [Abstract]	'
Earnings Per Share [Text Block]	'
	8.           Earnings Per Share
	We refer you to the Earnings Per Share disclosure in Note 1-Summary of Significant Accounting Policies, in the financial statements included in our 2013 Annual Report, for additional information concerning the calculation of earnings per share.
	We have issued, under the Company’s Stock Incentive Plan, restricted stock awards to non-employee members of the board of directors since 2006 and restricted stock units (RSUs) to certain senior executives since fiscal 2012. Each RSU entitles the executive to receive one share of the Company’s common stock if the executive remains continuously employed with the Company through the end of a three-year service period. We expect to continue to grant these types of awards annually in the future. The following table sets forth the number of outstanding restricted stock awards and RSUs, net of forfeitures and vested shares, as of the fiscal period-end dates indicated:
		November 3,		February 3,
		2013		2013
	Restricted shares		28,614		29,063
	Restricted stock units		32,353		32,353
			60,967		61,416
	All restricted shares and RSUs awarded that have not yet vested are considered when computing diluted earnings per share.  The following table sets forth the computation of basic and diluted earnings per share:
		Thirteen Weeks Ended				Thirty-Nine Weeks Ended
		November 3,		October 28,		November 3,		October 28,
		2013		2012		2013		2012
	Net income	$	2,116	$	2,434	$	5,930	$	4,928
	Less: Unvested participating restricted stock dividends		3		3		9		3
	Net earnings allocated to unvested participating restricted stock		6		-		16		-
	Earnings available for common shareholders		2,107		2,431		5,905		4,925
	Weighted average shares outstanding for basic earnings per share		10,724		10,723		10,721		10,755
	Dilutive effect of unvested restricted stock and RSU awards		29		19		27		32
	Weighted average shares outstanding for diluted earnings per share		10,753		10,742		10,748		10,787
	Basic earnings per share	$	0.2	$	0.23	$	0.55	$	0.46
	Diluted earnings per share	$	0.2	$	0.23	$	0.55	$	0.46

9_Income_Taxes

9. Income Taxes	9 Months Ended
	Nov. 03, 2013
Income Tax Disclosure [Abstract]	'
Income Tax Disclosure [Text Block]	'
	9.           Income Taxes
	We recorded income tax expense of $1.0 million for the fiscal 2014 third quarter, compared to $1.4 million for the comparable prior-year period.  The effective tax rates for the fiscal 2014 and 2013 third quarters were 33.1% and 36.2%, respectively. Our lower rate in the current year quarter is primarily due to the effect of permanent benefits for Company-owned life insurance and distributions from our former captive insurance arrangement being larger in relation to our pre-tax income. Additionally, during the fiscal 2014 third quarter, we established a reserve of $48,000 for an uncertain tax position related to the use of a state loss carryforward claimed on a state tax return.
	We recorded income tax expense of $3.1 million for the first three quarters of fiscal 2014, compared to $2.8 million for the comparable prior-year period.  The effective tax rates for the first three quarters of fiscal 2014 and 2013 were 34.0% and 36.2%, respectively.  Our effective tax rate was impacted in both years by changes in our deferred tax rates, however the impact of a change in our federal deferred tax rate recorded in fiscal 2013 was more than twice the magnitude of the change to our state deferred tax asset in the current year. The difference between these two adjustments accounts for substantially all of the effective rate difference from year to year.

10_Segment_Information

10. Segment Information	9 Months Ended
	Nov. 03, 2013
Segment Reporting [Abstract]	'
Segment Reporting Disclosure [Text Block]	'
	10.         Segment Information
	For financial reporting purposes, we are organized into two operating segments – casegoods furniture and upholstered furniture. Results from our new H Contract and Homeware business initiatives, and the elimination of intercompany sales and profits related to these businesses, are aggregated with the results from our casegoods operating segment. The following table presents segment information for the periods, and as of the dates, indicated:
		Thirteen Weeks Ended										Thirty-Nine Weeks Ended
		3-Nov-13					28-Oct-12					3-Nov-13					28-Oct-12
				% Net					% Net					% Net					% Net
	Net Sales			Sales					Sales					Sales					Sales
	Casegoods	$	37,716		63.8	%	$	36,508		64.3	%	$	107,996		63.3	%	$	101,447		63.9	%
	Upholstery		21,409		36.2	%		20,295		35.7	%		62,725		36.7	%		57,271		36.1	%
	Consolidated	$	59,125		100	%	$	56,803		100	%	$	170,721		100	%	$	158,718		100	%
	Gross Profit
	Casegoods	$	9,620		25.5	%	$	9,580		26.2	%	$	28,766		26.6	%	$	25,154		24.8	%
	Upholstery		3,978		18.6	%		3,980		19.6	%		12,005		19.1	%		10,593		18.5	%
	Consolidated	$	13,598		23	%	$	13,560		23.9	%	$	40,771		23.9	%	$	35,747		22.5	%
	Operating Income
	Casegoods	$	2,612		6.9	%	$	3,212		8.8	%	$	6,984		6.5	%	$	6,960		6.9	%
	Upholstery		543		2.5	%		567		2.8	%		2,045		3.3	%		669		1.2	%
	Consolidated	$	3,155		5.3	%	$	3,779		6.7	%	$	9,029		5.3	%	$	7,629		4.8	%
	Depreciation &
	Amortization
	Casegoods	$	388				$	538				$	1,150				$	1,421
	Upholstery		245					235					668					827
	Consolidated	$	633				$	773				$	1,818				$	2,248
	Capital Expenditures
	Casegoods	$	590				$	617				$	1,817				$	2,382
	Upholstery		292					298					791					1,468
	Consolidated	$	882				$	915				$	2,608				$	3,850
		As of November 3, 2013		% Total								As of February 3, 2013		% Total
	Total Assets			Assets										Assets
	Casegoods	$	123,656		77.9	%							124,509		79.9	%
	Upholstery		35,106		22.1	%							31,314		20.1	%
	Consolidated	$	158,762		100								155,823		100	%

11_Subsequent_Events

11. Subsequent Events	9 Months Ended
	Nov. 03, 2013
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	11.      Subsequent Events
	Dividends
	On November 26, 2013, our board of directors declared a quarterly cash dividend of $0.10 per share, payable on December 27, 2013 to shareholders of record at December 12, 2013.

2_Accounts_Receivable_Tables

2. Accounts Receivable (Tables)	9 Months Ended
	Nov. 03, 2013
Receivables [Abstract]	'
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	'
		November 3,			February 3,
		2013			2013
	Trade accounts receivable	$	19,886		$	22,712
	Receivable from factor		7,741			6,809
	Allowance for doubtful accounts		(1,082	)		(1,249	)
	Accounts receivable	$	26,545		$	28,272

3_Inventories_Tables

3. Inventories (Tables)	9 Months Ended
	Nov. 03, 2013
Inventory Disclosure [Abstract]	'
Schedule of Inventory, Current [Table Text Block]	'
		November 3,			February 3,
		2013			2013
	Finished furniture	$	58,748		$	58,584
	Furniture in process		918			688
	Materials and supplies		8,435			8,478
	Inventories at FIFO		68,101			67,750
	Reduction to LIFO basis		(19,106	)		(17,878	)
	Inventories	$	48,995		$	49,872

4_Property_Plant_and_Equipment1

4. Property, Plant and Equipment (Tables)	9 Months Ended
	Nov. 03, 2013
Property, Plant and Equipment [Abstract]	'
Property, Plant and Equipment [Table Text Block]	'
		Depreciable Lives			November 3,		February 3,
		(In years)			2013		2013
	Buildings and land improvements	15	-	30	$	23,957	$	23,680
	Computer software and hardware	3	-	10		22,446		22,203
	Machinery and equipment			10		4,495		3,663
	Leasehold improvements	Term of lease				2,763		2,698
	Furniture and fixtures	3	-	8		2,180		1,989
	Other			5		693		703
	Total depreciable property at cost					56,534		54,936
	Less accumulated depreciation					36,258		34,559
	Total depreciable property, net					20,276		20,377
	Land					1,152		1,152
	Construction-in-progress					2,166		1,300
	Property, plant and equipment, net				$	23,594	$	22,829

5_Intangible_Assets_Tables

5. Intangible Assets (Tables)	9 Months Ended
	Nov. 03, 2013
Disclosure Text Block [Abstract]	'
Schedule of Intangible Assets and Goodwill [Table Text Block]	'
		November 3,		February 3,
		2013		2013
	Non-amortizable Intangible Assets
	Trademarks and trade names - Bradington-Young	$	861	$	861
	Trademarks and trade names - Sam Moore		396		396
	URL- Homeware.com		125		-
	Total trademarks and tradenames		1,382		1,257

7_Employee_Benefit_Plans_Table

7. Employee Benefit Plans (Tables)	9 Months Ended
	Nov. 03, 2013
Compensation and Retirement Disclosure [Abstract]	'
Schedule of Amounts Recognized in Balance Sheet [Table Text Block]	'We maintain a supplemental retirement income plan (“SRIP”) for certain former and current executives. The liability for the SRIP at November 3, 2013 and February 3, 2013 was $7.6 million and $7.4 million, respectively, and is shown in our condensed consolidated balance sheets as follows:
		November 3,			February 3,
		2013			2013
	Accrued salaries, wages and benefits (current portion)	$	379		$	379
	Deferred compensation (long-term portion)		7,256			7,056
	Total liability	$	7,635		$	7,435
Schedule of Net Benefit Costs [Table Text Block]	'Components of net periodic benefit cost for the SRIP are included in our condensed consolidated statements of income under selling and administrative expenses:
		Thirteen Weeks Ended						Thirty-Nine Weeks Ended
		November 3,			October 28,			November 3,			October 28,
		2013			2012			2013			2012
	Net periodic benefit cost
	Service cost	$	64		$	64		$	192		$	191
	Interest cost		73			74			219			223
	Actuarial gain		(26	)		(15	)		(79	)		(44	)
	Net periodic benefit cost	$	111		$	123		$	332		$	370

8_Earnings_Per_Share_Tables

8. Earnings Per Share (Tables)	9 Months Ended
	Nov. 03, 2013
8. Earnings Per Share (Tables) [Line Items]	'
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	'All restricted shares and RSUs awarded that have not yet vested are considered when computing diluted earnings per share. The following table sets forth the computation of basic and diluted earnings per share:
		Thirteen Weeks Ended				Thirty-Nine Weeks Ended
		November 3,		October 28,		November 3,		October 28,
		2013		2012		2013		2012
	Net income	$	2,116	$	2,434	$	5,930	$	4,928
	Less: Unvested participating restricted stock dividends		3		3		9		3
	Net earnings allocated to unvested participating restricted stock		6		-		16		-
	Earnings available for common shareholders		2,107		2,431		5,905		4,925
	Weighted average shares outstanding for basic earnings per share		10,724		10,723		10,721		10,755
	Dilutive effect of unvested restricted stock and RSU awards		29		19		27		32
	Weighted average shares outstanding for diluted earnings per share		10,753		10,742		10,748		10,787
	Basic earnings per share	$	0.2	$	0.23	$	0.55	$	0.46
	Diluted earnings per share	$	0.2	$	0.23	$	0.55	$	0.46
Restricted Stock and Restricted Stock Units [Member]	'
8. Earnings Per Share (Tables) [Line Items]	'
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]	'The following table sets forth the number of outstanding restricted stock awards and RSUs, net of forfeitures and vested shares, as of the fiscal period-end dates indicated:
		November 3,		February 3,
		2013		2013
	Restricted shares		28,614		29,063
	Restricted stock units		32,353		32,353
			60,967		61,416

10_Segment_Information_Tables

10. Segment Information (Tables)	9 Months Ended
	Nov. 03, 2013
Segment Reporting [Abstract]	'
Schedule of Segment Reporting Information, by Segment [Table Text Block]	'Results from our new H Contract and Homeware business initiatives, and the elimination of intercompany sales and profits related to these businesses, are aggregated with the results from our casegoods operating segment. The following table presents segment information for the periods, and as of the dates, indicated:
		Thirteen Weeks Ended										Thirty-Nine Weeks Ended
		3-Nov-13					28-Oct-12					3-Nov-13					28-Oct-12
				% Net					% Net					% Net					% Net
	Net Sales			Sales					Sales					Sales					Sales
	Casegoods	$	37,716		63.8	%	$	36,508		64.3	%	$	107,996		63.3	%	$	101,447		63.9	%
	Upholstery		21,409		36.2	%		20,295		35.7	%		62,725		36.7	%		57,271		36.1	%
	Consolidated	$	59,125		100	%	$	56,803		100	%	$	170,721		100	%	$	158,718		100	%
	Gross Profit
	Casegoods	$	9,620		25.5	%	$	9,580		26.2	%	$	28,766		26.6	%	$	25,154		24.8	%
	Upholstery		3,978		18.6	%		3,980		19.6	%		12,005		19.1	%		10,593		18.5	%
	Consolidated	$	13,598		23	%	$	13,560		23.9	%	$	40,771		23.9	%	$	35,747		22.5	%
	Operating Income
	Casegoods	$	2,612		6.9	%	$	3,212		8.8	%	$	6,984		6.5	%	$	6,960		6.9	%
	Upholstery		543		2.5	%		567		2.8	%		2,045		3.3	%		669		1.2	%
	Consolidated	$	3,155		5.3	%	$	3,779		6.7	%	$	9,029		5.3	%	$	7,629		4.8	%
	Depreciation &
	Amortization
	Casegoods	$	388				$	538				$	1,150				$	1,421
	Upholstery		245					235					668					827
	Consolidated	$	633				$	773				$	1,818				$	2,248
	Capital Expenditures
	Casegoods	$	590				$	617				$	1,817				$	2,382
	Upholstery		292					298					791					1,468
	Consolidated	$	882				$	915				$	2,608				$	3,850
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	'Results from our new H Contract and Homeware business initiatives, and the elimination of intercompany sales and profits related to these businesses, are aggregated with the results from our casegoods operating segment. The following table presents segment information for the periods, and as of the dates, indicated:
		As of November 3, 2013		% Total								As of February 3, 2013		% Total
	Total Assets			Assets										Assets
	Casegoods	$	123,656		77.9	%							124,509		79.9	%
	Upholstery		35,106		22.1	%							31,314		20.1	%
	Consolidated	$	158,762		100								155,823		100	%

2_Accounts_Receivable_Details

2. Accounts Receivable (Details) (USD $)	Nov. 03, 2013	Feb. 03, 2013
Receivables [Abstract]	'	'
Accounts receivable factor recourse	$315,000	$130,000

2_Accounts_Receivable_Details_

2. Accounts Receivable (Details) - Schedule of Accounts, Notes, Loans and Financing Receivable (USD $)	Nov. 03, 2013	Feb. 03, 2013
In Thousands, unless otherwise specified
Schedule of Accounts, Notes, Loans and Financing Receivable [Abstract]	'	'
Trade accounts receivable	$19,886	$22,712
Receivable from factor	7,741	6,809
Allowance for doubtful accounts	-1,082	-1,249
Accounts receivable	$26,545	$28,272

3_Inventories_Details_Schedule

3. Inventories (Details) - Schedule of Inventory (USD $)	Nov. 03, 2013	Feb. 03, 2013
In Thousands, unless otherwise specified
Schedule of Inventory [Abstract]	'	'
Finished furniture	$58,748	$58,584
Furniture in process	918	688
Materials and supplies	8,435	8,478
Inventories at FIFO	68,101	67,750
Reduction to LIFO basis	-19,106	-17,878
Inventories	$48,995	$49,872

4_Property_Plant_and_Equipment2

4. Property, Plant and Equipment (Details) (USD $)	Nov. 03, 2013	Feb. 03, 2013
In Thousands, unless otherwise specified
4. Property, Plant and Equipment (Details) [Line Items]	'	'
Construction in Progress, Gross	$2,166	$1,300
Ongoing ERP Conversion Efforts [Member]	'	'
4. Property, Plant and Equipment (Details) [Line Items]	'	'
Construction in Progress, Gross	1,100	'
Various Other Projects [Member]	'	'
4. Property, Plant and Equipment (Details) [Line Items]	'	'
Construction in Progress, Gross	$1,100	'

4_Property_Plant_and_Equipment3

4. Property, Plant and Equipment (Details) - Property, Plant and Equipment (USD $)	Nov. 03, 2013	Feb. 03, 2013
In Thousands, unless otherwise specified
Property, Plant and Equipment [Line Items]	'	'
Depreciable property at cost	$56,534	$54,936
Less accumulated depreciation	36,258	34,559
Total depreciable property, net	20,276	20,377
Land	1,152	1,152
Construction-in-progress	2,166	1,300
Property, plant and equipment, net	23,594	22,829
Building and Building Improvements [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Depreciable property at cost	23,957	23,680
Computer Software and Hardware [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Depreciable property at cost	22,446	22,203
Machinery and Equipment [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Depreciable property at cost	4,495	3,663
Leasehold Improvements [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Depreciable property at cost	2,763	2,698
Furniture and Fixtures [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Depreciable property at cost	2,180	1,989
Property, Plant and Equipment, Other Types [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Depreciable property at cost	$693	$703

4_Property_Plant_and_Equipment4

4. Property, Plant and Equipment (Details) - Property, Plant and Equipment (Parentheticals)	9 Months Ended
	Nov. 03, 2013
Building and Building Improvements [Member] | Minimum [Member]	'
Property, Plant and Equipment [Line Items]	'
Depreciable Lives	'15 years
Building and Building Improvements [Member] | Maximum [Member]	'
Property, Plant and Equipment [Line Items]	'
Depreciable Lives	'30 years
Computer Software and Hardware [Member] | Minimum [Member]	'
Property, Plant and Equipment [Line Items]	'
Depreciable Lives	'3 years
Computer Software and Hardware [Member] | Maximum [Member]	'
Property, Plant and Equipment [Line Items]	'
Depreciable Lives	'10 years
Machinery and Equipment [Member] | Minimum [Member]	'
Property, Plant and Equipment [Line Items]	'
Depreciable Lives	'10 years
Machinery and Equipment [Member] | Maximum [Member]	'
Property, Plant and Equipment [Line Items]	'
Depreciable Lives	'10 years
Leasehold Improvements [Member]	'
Property, Plant and Equipment [Line Items]	'
Depreciable Lives	'Term of lease
Furniture and Fixtures [Member] | Minimum [Member]	'
Property, Plant and Equipment [Line Items]	'
Depreciable Lives	'3 years
Furniture and Fixtures [Member] | Maximum [Member]	'
Property, Plant and Equipment [Line Items]	'
Depreciable Lives	'8 years
Property, Plant and Equipment, Other Types [Member] | Minimum [Member]	'
Property, Plant and Equipment [Line Items]	'
Depreciable Lives	'5 years
Property, Plant and Equipment, Other Types [Member] | Maximum [Member]	'
Property, Plant and Equipment [Line Items]	'
Depreciable Lives	'5 years

5_Intangible_Assets_Details_Sc

5. Intangible Assets (Details) - Schedule of Intangible Assets (USD $)	Nov. 03, 2013	Feb. 03, 2013
In Thousands, unless otherwise specified
Non-amortizable Intangible Assets	'	'
URL- Homeware.com	$125	$0
Total trademarks and tradenames	1,382	1,257
Bradington-Young [Member]	'	'
Non-amortizable Intangible Assets	'	'
Trademarks and trade names	861	861
Sam Moore [Member]	'	'
Non-amortizable Intangible Assets	'	'
Trademarks and trade names	$396	$396

6_LongTerm_Debt_Details

6. Long-Term Debt (Details) (USD $)	Nov. 03, 2013
In Millions, unless otherwise specified
6. Long-Term Debt (Details) [Line Items]	'
Line of Credit Facility, Current Borrowing Capacity	$12.90
Line of Credit Facility, Maximum Borrowing Capacity	15
Standby Letters of Credit [Member]	'
6. Long-Term Debt (Details) [Line Items]	'
Line of Credit Facility, Current Borrowing Capacity	$2.10

7_Employee_Benefit_Plans_Detai

7. Employee Benefit Plans (Details) - Schedule of Amounts Recognized in Balance Sheets (USD $)	Nov. 03, 2013	Feb. 03, 2013
In Thousands, unless otherwise specified
7. Employee Benefit Plans (Details) - Schedule of Amounts Recognized in Balance Sheets [Line Items]	'	'
Accrued salaries, wages and benefits (current portion)	$3,068	$3,316
Deferred compensation (long-term portion)	7,851	7,311
Supplemental Employee Retirement Plan, Defined Benefit [Member]	'	'
7. Employee Benefit Plans (Details) - Schedule of Amounts Recognized in Balance Sheets [Line Items]	'	'
Accrued salaries, wages and benefits (current portion)	379	379
Deferred compensation (long-term portion)	7,256	7,056
Total liability	$7,635	$7,435

7_Employee_Benefit_Plans_Detai1

7. Employee Benefit Plans (Details) - Schedule of Net Benefit Costs (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Nov. 03, 2013	Oct. 28, 2012	Nov. 03, 2013	Oct. 28, 2012
Net periodic benefit cost	'	'	'	'
Service cost	$64	$64	$192	$191
Interest cost	73	74	219	223
Actuarial gain	-26	-15	-79	-44
Net periodic benefit cost	$111	$123	$332	$370

8_Earnings_Per_Share_Details

8. Earnings Per Share (Details) (Restricted Stock Units (RSUs) [Member])	9 Months Ended
	Nov. 03, 2013
Restricted Stock Units (RSUs) [Member]	'
8. Earnings Per Share (Details) [Line Items]	'
Share-based Compensation Arrangement by Share-based Payment Award, Terms of Award	'Each RSU entitles the executive to receive one share of the Company's common stock if the executive remains continuously employed with the Company through the end of a three-year service period
Share-based Compensation Arrangement by Share-based Payment Award, Award Requisite Service Period	'3 years

8_Earnings_Per_Share_Details_S

8. Earnings Per Share (Details) - Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity	Nov. 03, 2013	Feb. 03, 2013
In Thousands, unless otherwise specified
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Abstract]	'	'
Restricted shares	28,614	29,063
Restricted stock units	32,353	32,353
	60,967	61,416

8_Earnings_Per_Share_Details_S1

8. Earnings Per Share (Details) - Schedule of Earnings Per Share (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Nov. 03, 2013	Oct. 28, 2012	Nov. 03, 2013	Oct. 28, 2012
Schedule of Earnings Per Share [Abstract]	'	'	'	'
Net income	$2,116	$2,434	$5,930	$4,928
Less: Unvested participating restricted stock dividends	3	3	9	3
Net earnings allocated to unvested participating restricted stock	6	0	16	0
Earnings available for common shareholders	$2,107	$2,431	$5,905	$4,925
Weighted average shares outstanding for basic earnings per share (in Shares)	10,724	10,723	10,721	10,755
Dilutive effect of unvested restricted stock and RSU awards (in Shares)	29	19	27	32
Weighted average shares outstanding for diluted earnings per share (in Shares)	10,753	10,742	10,748	10,787
Basic earnings per share (in Dollars per share)	$0.20	$0.23	$0.55	$0.46
Diluted earnings per share (in Dollars per share)	$0.20	$0.23	$0.55	$0.46

9_Income_Taxes_Details

9. Income Taxes (Details) (USD $)	3 Months Ended		9 Months Ended
	Nov. 03, 2013	Oct. 28, 2012	Nov. 03, 2013	Oct. 28, 2012
Income Tax Disclosure [Abstract]	'	'	'	'
Income Tax Expense (Benefit)	$1,048,000	$1,379,000	$3,054,000	$2,799,000
Effective Income Tax Rate Reconciliation, Percent	33.10%	36.20%	34.00%	36.20%
Unrecognized Tax Benefits, Increase Resulting from Current Period Tax Positions	$48,000	'	'	'

10_Segment_Information_Details

10. Segment Information (Details)	9 Months Ended
	Nov. 03, 2013
Segment Reporting [Abstract]	'
Number of Operating Segments	2

10_Segment_Information_Details1

10. Segment Information (Details) - Segment Reporting Information (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Nov. 03, 2013	Oct. 28, 2012	Nov. 03, 2013	Oct. 28, 2012
Segment Reporting Information [Line Items]	'	'	'	'
Net Sales	$59,125	$56,803	$170,721	$158,718
% of Net Sales	100.00%	100.00%	100.00%	100.00%
Gross Profit	'	'	'	'
Gross Profit & Margin	13,598	13,560	40,771	35,747
% of Gross Profit and Margin	23.00%	23.90%	23.90%	22.50%
Operating Income	'	'	'	'
Operating Income & Margin	3,155	3,779	9,029	7,629
% of Operating Income & Margin	5.30%	6.70%	5.30%	4.80%
Amortization	'	'	'	'
Depreciation & Amortization	633	773	1,818	2,248
Capital Expenditures	'	'	'	'
Capital Expenditures	882	915	2,608	3,850
Casegoods [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Net Sales	37,716	36,508	107,996	101,447
% of Net Sales	63.80%	64.30%	63.30%	63.90%
Gross Profit	'	'	'	'
Gross Profit & Margin	9,620	9,580	28,766	25,154
% of Gross Profit and Margin	25.50%	26.20%	26.60%	24.80%
Operating Income	'	'	'	'
Operating Income & Margin	2,612	3,212	6,984	6,960
% of Operating Income & Margin	6.90%	8.80%	6.50%	6.90%
Amortization	'	'	'	'
Depreciation & Amortization	388	538	1,150	1,421
Capital Expenditures	'	'	'	'
Capital Expenditures	590	617	1,817	2,382
Upholstery [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Net Sales	21,409	20,295	62,725	57,271
% of Net Sales	36.20%	35.70%	36.70%	36.10%
Gross Profit	'	'	'	'
Gross Profit & Margin	3,978	3,980	12,005	10,593
% of Gross Profit and Margin	18.60%	19.60%	19.10%	18.50%
Operating Income	'	'	'	'
Operating Income & Margin	543	567	2,045	669
% of Operating Income & Margin	2.50%	2.80%	3.30%	1.20%
Amortization	'	'	'	'
Depreciation & Amortization	245	235	668	827
Capital Expenditures	'	'	'	'
Capital Expenditures	$292	$298	$791	$1,468

10_Segment_Information_Details2

10. Segment Information (Details) - Assets from Segments to Consolidated (USD $)	Nov. 03, 2013	Feb. 03, 2013
In Thousands, unless otherwise specified
Segment Reporting, Asset Reconciling Item [Line Items]	'	'
Total Assets (in Dollars)	$158,762	$155,823
% of Total Assets	100.00%	100.00%
Casegoods [Member]	'	'
Segment Reporting, Asset Reconciling Item [Line Items]	'	'
Total Assets (in Dollars)	123,656	124,509
% of Total Assets	77.90%	79.90%
Upholstery [Member]	'	'
Segment Reporting, Asset Reconciling Item [Line Items]	'	'
Total Assets (in Dollars)	$35,106	$31,314
% of Total Assets	22.10%	20.10%

11_Subsequent_Events_Details

11. Subsequent Events (Details) (USD $)	3 Months Ended		9 Months Ended		0 Months Ended
	Nov. 03, 2013	Oct. 28, 2012	Nov. 03, 2013	Oct. 28, 2012	Nov. 26, 2013
					Subsequent Event [Member]
11. Subsequent Events (Details) [Line Items]	'	'	'	'	'
Dividends Payable, Date Declared	'	'	'	'	26-Nov-13
Common Stock, Dividends, Per Share, Declared (in Dollars per share)	$0.10	$0.10	$0.30	$0.30	$0.10
Dividends Payable, Date to be Paid	'	'	'	'	27-Dec-13
Dividends Payable, Date of Record	'	'	'	'	12-Dec-13