Hooker Furnishings (HOFT) 10-Q 10 Sep 15 2016 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Aug. 02, 2015	Sep. 04, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	Hooker Furniture Corp
Document Type	10-Q
Current Fiscal Year End Date	--01-31
Entity Common Stock, Shares Outstanding		10,811,507
Amendment Flag	false
Entity Central Index Key	1,077,688
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Aug. 2, 2015
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Aug. 02, 2015	Feb. 01, 2015
Current assets
Cash and cash equivalents	$ 43,631	$ 38,663
Trade accounts receivable, less allowance for doubtful accounts of $1,020 and $1,329 on each respective date	28,544	32,245
Inventories	47,019	44,973
Prepaid expenses and other current assets	2,138	2,353
Deferred taxes	1,227	1,704
Income tax recoverable	233	0
Total current assets	122,792	119,938
Property, plant and equipment, net	22,808	22,824
Cash surrender value of life insurance policies	21,312	20,373
Deferred taxes	3,982	4,188
Intangible assets	1,382	1,382
Other assets	2,051	2,050
Total non-current assets	51,535	50,817
Total assets	174,327	170,755
Current liabilities
Trade accounts payable	10,049	10,293
Accrued salaries, wages and benefits	3,908	4,824
Income tax accrual	0	1,368
Accrued commissions	850	916
Customer deposits	803	853
Other accrued expenses	915	813
Total current liabilities	16,525	19,067
Deferred compensation	8,429	8,329
Income tax accrual	161	90
Other long-term liabilities	388	360
Total long-term liabilities	8,978	8,779
Total liabilities	25,503	27,846
Shareholders’ equity
Common stock, no par value, 20,000 shares authorized, and 10,812 and 10,774 shares issued and outstanding, respectively, on each date	18,462	17,852
Retained earnings	130,642	125,392
Accumulated other comprehensive loss	(280)	(335)
Total shareholders’ equity	148,824	142,909
Total liabilities and shareholders’ equity	$ 174,327	$ 170,755

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) shares in Thousands, $ in Thousands	Aug. 02, 2015	Feb. 01, 2015
Allowance for doubtful accounts (in Dollars)	$ 1,020	$ 1,329
Common stock, shares authorized	20,000	20,000
Common stock, shares issued	10,812	10,774
Common stock, shares outstanding	10,812	10,774

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 02, 2015	Aug. 03, 2014	Aug. 02, 2015	Aug. 03, 2014
Net sales	$ 60,140	$ 54,883	$ 121,096	$ 116,279
Cost of sales	44,047	41,226	88,628	87,012
Gross profit	16,093	13,657	32,468	29,267
Selling and administrative expenses	10,234	10,243	21,367	21,610
Operating income	5,859	3,414	11,101	7,657
Other income, net	51	52	183	98
Income before income taxes	5,910	3,466	11,284	7,755
Income tax expense	1,972	1,194	3,874	2,679
Net income	$ 3,938	$ 2,272	$ 7,410	$ 5,076
Earnings per share
Basic (in Dollars per share)	$ 0.36	$ 0.21	$ 0.69	$ 0.47
Diluted (in Dollars per share)	$ 0.36	$ 0.21	$ 0.69	$ 0.47
Weighted average shares outstanding:
Basic (in Shares)	10,783	10,731	10,770	10,728
Diluted (in Shares)	10,806	10,767	10,796	10,762
Cash dividends declared per share (in Dollars per share)	$ 0.10	$ 0.10	$ 0.20	$ 0.20

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 02, 2015	Aug. 03, 2014	Aug. 02, 2015	Aug. 03, 2014
Net Income	$ 3,938	$ 2,272	$ 7,410	$ 5,076
Other comprehensive income:
Amortization of actuarial loss (gain)	44	(12)	90	(25)
Income tax effect on amortization	(16)	4	(34)	9
Adjustments to net periodic benefit cost	28	(8)	56	(16)
Total comprehensive Income	$ 3,966	$ 2,264	$ 7,466	$ 5,060

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Aug. 02, 2015	Aug. 03, 2014
Operating Activities:
Net income	$ 7,410	$ 5,076
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	1,339	1,259
Loss/(Gain) on disposal of assets	41	(37)
Deferred income tax expense	754	499
Noncash restricted stock and performance awards	315	272
Provision for doubtful accounts	(280)	94
Changes in assets and liabilities:
Trade accounts receivable	3,981	4,075
Inventories	(2,046)	4,422
Income tax recoverable	(233)	646
Gain on life insurance policies	(559)	(477)
Prepaid expenses and other current assets	414	618
Trade accounts payable	(296)	1,631
Accrued salaries, wages, and benefits	(758)	(183)
Accrued income taxes	(1,368)	0
Accrued commissions	(66)	(170)
Customer deposits	(49)	(60)
Other accrued expenses	102	53
Deferred compensation	292	55
Other long-term liabilities	27	23
Net cash provided by operating activities	9,020	17,796
Investing Activities:
Purchases of property and equipment	(1,313)	(1,999)
Proceeds received on notes for sale of assets	10	16
Proceeds from sale of property and equipment	0	69
Premiums paid on life insurance policies	(589)	(670)
Net cash used in investing activities	(1,892)	(2,584)
Financing Activities:
Cash dividends paid	(2,160)	(2,151)
Net cash used in financing activities	(2,160)	(2,151)
Net increase in cash and cash equivalents	4,968	13,061
Cash and cash equivalents - beginning of year	38,663	23,882
Cash and cash equivalents - end of quarter	43,631	36,943
Supplemental schedule of cash flow information:
Income taxes paid, net	4,688	1,563
Supplemental schedule of noncash investing activities:
Increase in property and equipment through accrued purchases	$ 51	$ 0

1. Preparation of Interim Finan

1. Preparation of Interim Financial Statements	6 Months Ended
	Aug. 02, 2015
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 1, 2015 (“2015 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,” “second quarter” or “quarterly period”) that began May 4, 2015 and the twenty-six week period (also referred to as “six months,” “six-month period” or “first half”) that began February 2, 2015, which both ended August 2, 2015, compared to the thirteen-week period that began May 5, 2014 and the twenty-six week period that began February 3, 2014, which both ended August 3, 2014; and § our financial condition as of August 2, 2015 compared to February 1, 2015. References in these notes to the condensed consolidated financial statements of the Company to: § the 2016 fiscal year and comparable terminology mean the fiscal year that began February 2, 2015 and will end January 31, 2016; and § the 2015 fiscal year and comparable terminology mean the fiscal year that began February 3, 2014 and ended February 1, 2015.

2. Accounts Receivable

2. Accounts Receivable	6 Months Ended
	Aug. 02, 2015
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	2. Accounts Receivable August 2, February 1, 2015 2015 Trade accounts receivable $ 25,727 $ 25,322 Receivable from factor 3,837 8,252 Allowance for doubtful accounts (1,020 ) (1,329 ) Accounts receivable $ 28,544 $ 32,245 “Receivable from factor” represents amounts due with respect to factored accounts receivable. Before the fiscal 2016 second quarter, we factored substantially all of our domestically-produced upholstery accounts receivable without recourse to us. However, we ended our Sam Moore factoring relationship as our new ERP system became fully operational at Sam Moore at the beginning of the fiscal 2016 second quarter. We are presently managing Sam Moore’s accounts receivable in-house. As of August 2, 2015, $167,000 in Sam Moore receivables represent outstanding receivables for which payment is due to us from the factor as part of its residual obligations under Sam Moore’s legacy factoring agreement. Under our current factoring agreement, which continues to serve Bradington-Young (BY), invoices for domestically produced BY 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 BY upholstery products are factored with recourse to us. The amounts of these receivables at August 2, 2015 and February 1, 2015 were $219,000 and $237,000, respectively, of which $6,000 and $13,000, respectively, represented Sam Moore recourse receivables. 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 the calculation of our allowance for doubtful accounts.

3. Inventories

3. Inventories	6 Months Ended
	Aug. 02, 2015
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	3. Inventories August 2, February 1, 2015 2015 Finished furniture $ 57,461 $ 54,896 Furniture in process 682 615 Materials and supplies 9,312 9,131 Inventories at FIFO 67,455 64,642 Reduction to LIFO basis (20,436 ) (19,669 ) Inventories $ 47,019 $ 44,973

4. Property, Plant and Equipmen

4. Property, Plant and Equipment	6 Months Ended
	Aug. 02, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	4. Property, Plant and Equipment Depreciable Lives August 2, February 1, (In years) 2015 2015 Buildings and land improvements 15 - 30 $ 22,294 $ 22,162 Computer software and hardware 3 - 10 15,110 18,444 Machinery and equipment 10 4,800 4,757 Leasehold improvements 5 2,658 2,840 Furniture and fixtures 3 - 8 1,437 2,240 Other 5 564 628 Total depreciable property at cost 46,863 51,070 Less accumulated depreciation 26,247 32,790 Total depreciable property, net 20,616 18,280 Land 1,067 1,067 Construction-in-progress 1,125 3,477 Property, plant and equipment, net $ 22,808 $ 22,824 The decreases in computer software and hardware, furniture and fixtures and accumulated depreciation line items above are primarily due to the write-off of fully depreciated assets that are no longer in use. At August 2, 2015, construction-in-progress primarily consisted of $270,000 of expenditures related to our ongoing Enterprise Resource Planning (ERP) conversion efforts and $855,000 related to various other projects to enhance our facilities and operations. The decrease in the construction-in-progress line item above is primarily due to placing our ERP asset in-service when the Sam Moore division went-live on our ERP platform during the fiscal 2016 second quarter. This partially offset the decreases in the computer software and hardware line item discussed above.

5. Fair Value Measurements

5. Fair Value Measurements	6 Months Ended
	Aug. 02, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	5. Fair Value Measurements Fair value is the price that would be received upon the sale of an asset or paid upon the transfer of a liability (an exit price) in an orderly transaction between market participants on the applicable measurement date. We use a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include: Level 1, defined as observable inputs such as quoted prices in active markets for identical assets and liabilities; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs for which little or no market data exists, therefore requiring an entity to develop its own assumptions. As of August 2, 2015 and February 1, 2015, Company-owned life insurance was measured at fair value on a recurring basis based on Level 2 inputs. The fair value of the Company-owned life insurance is determined by inputs that are readily available in public markets or can be derived from information available in publicly quoted markets. Additionally, the fair value of the Company-owned life insurance is marked to market each reporting period and any change in fair value is reflected in income for that period. As of August 2, 2015, a mortgage note receivable (related to the previously announced sale of our Cloverleaf facility during the fiscal 2015 first quarter) was measured at fair value on a non-recurring basis using Level 3 inputs. The note receivable was recorded at approximately $1.6 million, which was the face value of the note issued for the mortgage. The carrying value of the note receivable is assumed to approximate its fair value. We measure the probability to collect amounts due to us under this note receivable primarily based on the buyer’s payment history. Specifically, we consider the buyer’s adherence to the contractual payment terms for both the timeliness and payment amounts. Should it become probable that we would be unable to collect all amounts due according to the contractual terms of the underlying loan agreement, we would measure the note for impairment and record a valuation allowance against the note receivable, if needed, with the related expense charged to income for that period. The note receivable is included in the “Other assets” line of our condensed consolidated balance sheets. Our assets measured at fair value on a recurring and non-recurring basis at August 2, 2015 and February 1, 2015, were as follows: Fair value at August 2, 2015 Fair value at February 1, 2015 Description Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total (In thousands) Assets measured at fair value Company-owned life insurance $ - $ 21,312 $ - $ 21,312 $ - $ 20,373 $ - $ 20,373 Mortgage note receivable - - 1,575 1,575 - - 1,575 1,575

6. Intangible Assets

6. Intangible Assets	6 Months Ended
	Aug. 02, 2015
Disclosure Text Block [Abstract]
Intangible Assets Disclosure [Text Block]	6. Intangible Assets August 2, February 1, Non-amortizable Intangible Assets Segment 2015 2015 Trademarks and trade names - Bradington-Young Upholstery $ 861 $ 861 Trademarks and trade names - Sam Moore Upholstery 396 396 URL- Homeware.com All other 125 125 Total trademarks and tradenames 1,382 1,382

7. Long Term Debt

7. Long Term Debt	6 Months Ended
	Aug. 02, 2015
Disclosure Text Block [Abstract]
Long-term Debt [Text Block]	7. Long-Term Debt As of August 2, 2015, we had an aggregate $13.5 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 $1.5 million, used to collateralize certain insurance arrangements and for imported product purchases, were outstanding under our revolving credit facility as of August 2, 2015. There were no additional borrowings outstanding under the revolving credit facility on August 2, 2015. Any principal outstanding under the revolving credit facility is due July 31, 2018.

8. Employee Benefit Plans

8. Employee Benefit Plans	6 Months Ended
	Aug. 02, 2015
Compensation and Retirement Disclosure [Abstract]
Pension and Other Postretirement Benefits Disclosure [Text Block]	8. Employee Benefit Plans We maintain a supplemental retirement income plan (“SRIP”) for certain former and current executives. The liability for the SRIP at August 2, 2015 and February 1, 2015 was $8.6 million and $8.4 million, respectively, and is shown in our condensed consolidated balance sheets as follows: August 2, February 1, 2015 2015 Accrued salaries, wages and benefits (current portion) $ 354 $ 354 Deferred compensation (long-term portion) 8,231 8,031 Total liability $ 8,585 $ 8,385 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 Twenty-Six Weeks Ended August 2, August 3, August 2, August 3, 2015 2014 2015 2014 Net periodic benefit cost Service cost $ 101 $ 25 $ 202 $ 51 Interest cost 72 85 144 170 Actuarial gain 45 (13 ) 90 (26 ) Net periodic benefit cost $ 218 $ 97 $ 436 $ 195

9. Earnings Per Share

9. Earnings Per Share	6 Months Ended
	Aug. 02, 2015
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	9. Earnings Per Share We refer you to the discussion of Earnings Per Share in Note 1-Summary of Significant Accounting Policies, in the financial statements included in our 2015 Annual Report, for additional information concerning the calculation of earnings per share. We have issued 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 under the Company’s Stock Incentive Plan. 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. The RSUs may be paid in shares of our common stock, cash or both at the discretion of the Compensation Committee of our board of directors. 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: August 2, Feb 1, 2015 2015 Restricted shares 25 27 Restricted stock units 20 25 45 52 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 Twenty-Six Weeks Ended August 2, August 3, August 2, August 3, 2015 2014 2015 2014 Net income $ 3,938 $ 2,272 $ 7,410 $ 5,076 Less: Unvested participating restricted stock dividends 3 3 3 6 Net earnings allocated to unvested participating restricted stock 10 7 10 15 Earnings available for common shareholders 3,925 2,262 7,397 5,055 Weighted average shares outstanding for basic earnings per share 10,783 10,731 10,770 10,728 Dilutive effect of unvested restricted stock and RSU awards 23 36 26 34 Weighted average shares outstanding for diluted earnings per share 10,806 10,767 10,796 10,762 Basic earnings per share $ 0.36 $ 0.21 $ 0.69 $ 0.47 Diluted earnings per share $ 0.36 $ 0.21 $ 0.69 $ 0.47

10. Income Taxes

10. Income Taxes	6 Months Ended
	Aug. 02, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	10. Income Taxes We recorded income tax expense of $2.0 million for the fiscal 2016 second quarter compared to $1.2 million for the comparable prior year period. The effective tax rates for the fiscal 2016 and 2015 second quarters were 33.4% and 34.4%, respectively. Our effective tax rate was lower in the fiscal 2016 second quarter as compared to fiscal 2015 second quarter, primarily due to the settlement of an uncertain tax position during the fiscal 2016 second quarter. We recorded income tax expense of $3.9 million for the fiscal 2016 first-half compared to $2.7 million for the comparable prior year period. The effective tax rates for the fiscal 2016 and 2015 six-month periods were 34.3% and 34.5%, respectively. Our effective tax rate was lower in the fiscal 2016 six-month period as compared to fiscal 2015 six-month period, primarily due to the settlement of an uncertain tax position during the fiscal 2016 six-month period. The net unrecognized tax benefits as of August 2, 2015 and February 1, 2015, which, if recognized, would affect our effective tax rate are $345,000 and $426,000, respectively. Our Federal tax returns for the fiscal years 2012, 2014 and 2015 remain subject to examination by federal taxing authorities. An examination of fiscal year 2013 with federal taxing authorities was completed during the quarter with no adjustments. Our state tax returns for the fiscal years ending 2012 through fiscal 2015 remain subject to examination by state taxing authorities. An examination of our North Carolina state tax returns for fiscal years 2012 and 2013 is underway by the North Carolina Department of Revenue.

11. Segment Information

11. Segment Information	6 Months Ended
	Aug. 02, 2015
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	11. Segment Information For financial reporting purposes, we are organized into three operating segments – casegoods furniture, upholstered furniture and an “all other” segment, which includes our two new businesses, H Contract and Homeware. The financial information for the fiscal 2015 second quarter and first-half appearing in the table below has been updated to conform to the current presentation of our operating segments. The following table presents segment information for the periods, and as of the dates, indicated: Thirteen Weeks Ended Twenty-Six Weeks Ended August 2 August 3 August 2 August 3 2015 2014 2015 2014 % Net % Net % Net % Net Net Sales Sales Sales Sales Sales Casegoods $ 37,314 62.0 % $ 33,092 60.3 % $ 75,797 62.6 % $ 71,345 61.4 % Upholstery 20,696 34.4 % 20,887 38.1 % 41,999 34.7 % 43,265 37.2 % All other 2,193 3.6 % 1,146 2.1 % 3,525 2.9 % 2,055 1.8 % Intercompany eliminations (63 ) (242 ) (225 ) (386 ) Consolidated $ 60,140 $ 54,883 $ 121,096 $ 116,279 Gross Profit & Margin Casegoods $ 10,904 29.2 % $ 9,365 28.3 % $ 22,205 29.3 % $ 20,457 28.7 % Upholstery 4,532 21.9 % 4,000 19.2 % 9,251 22.0 % 8,233 19.0 % All other 649 29.6 % 299 26.1 % 999 28.3 % 582 28.3 % Intercompany eliminations 8 (7 ) 13 (5 ) Consolidated $ 16,093 26.8 % $ 13,657 24.9 % $ 32,468 26.8 % $ 29,267 25.2 % Operating Income & Margin Casegoods $ 4,456 11.9 % $ 3,015 9.1 % $ 8,557 11.3 % $ 7,081 9.9 % Upholstery 1,307 6.3 % 726 3.5 % 2,755 6.6 % 1,258 2.9 % All other 88 4.0 % (320 ) -27.9 % (224 ) -6.4 % (677 ) -32.9 % Intercompany eliminations 8 (7 ) 13 (5 ) Consolidated $ 5,859 9.7 % $ 3,414 6.2 % $ 11,101 9.2 % $ 7,657 6.6 % Capital Expenditures Casegoods $ 571 $ 705 $ 940 $ 1,383 Upholstery 358 286 417 616 All other 6 - 7 Consolidated $ 935 $ 991 $ 1,364 $ 1,999 Depreciation & Amortization Casegoods $ 478 $ 388 $ 874 $ 755 Upholstery 238 258 459 504 All other 3 - 6 Consolidated $ 719 $ 646 $ 1,339 $ 1,259 As of % Total As of % Total Identifiable Assets Aug 2, 2015 Assets Feb 1, 2015 Assets Casegoods $ 137,946 79.1 % $ 135,403 79.3 % Upholstery 33,866 19.4 % 33,788 19.8 % All other 2,542 1.5 % 1,605 0.9 % Intercompany eliminations (27 ) (41 ) Consolidated $ 174,327 100.0 % $ 170,755 100.0 %

12. Subsequent Events

12. Subsequent Events	6 Months Ended
	Aug. 02, 2015
Subsequent Events [Abstract]
Subsequent Events [Text Block]	12. Subsequent Events Dividends On September 3, 2015, our board of directors declared a quarterly cash dividend of $0.10 per share, payable on September 30, 2015 to shareholders of record at September 15, 2015.

2. Accounts Receivable (Tables)

2. Accounts Receivable (Tables)	6 Months Ended
	Aug. 02, 2015
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	August 2, February 1, 2015 2015 Trade accounts receivable $ 25,727 $ 25,322 Receivable from factor 3,837 8,252 Allowance for doubtful accounts (1,020 ) (1,329 ) Accounts receivable $ 28,544 $ 32,245

3. Inventories (Tables)

3. Inventories (Tables)	6 Months Ended
	Aug. 02, 2015
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	August 2, February 1, 2015 2015 Finished furniture $ 57,461 $ 54,896 Furniture in process 682 615 Materials and supplies 9,312 9,131 Inventories at FIFO 67,455 64,642 Reduction to LIFO basis (20,436 ) (19,669 ) Inventories $ 47,019 $ 44,973

4. Property, Plant and Equipm21

4. Property, Plant and Equipment (Tables)	6 Months Ended
	Aug. 02, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	Depreciable Lives August 2, February 1, (In years) 2015 2015 Buildings and land improvements 15 - 30 $ 22,294 $ 22,162 Computer software and hardware 3 - 10 15,110 18,444 Machinery and equipment 10 4,800 4,757 Leasehold improvements 5 2,658 2,840 Furniture and fixtures 3 - 8 1,437 2,240 Other 5 564 628 Total depreciable property at cost 46,863 51,070 Less accumulated depreciation 26,247 32,790 Total depreciable property, net 20,616 18,280 Land 1,067 1,067 Construction-in-progress 1,125 3,477 Property, plant and equipment, net $ 22,808 $ 22,824

5. Fair Value Measurements (Tab

5. Fair Value Measurements (Tables)	6 Months Ended
	Aug. 02, 2015
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Our assets measured at fair value on a recurring and non-recurring basis at August 2, 2015 and February 1, 2015, were as follows: Fair value at August 2, 2015 Fair value at February 1, 2015 Description Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total (In thousands) Assets measured at fair value Company-owned life insurance $ - $ 21,312 $ - $ 21,312 $ - $ 20,373 $ - $ 20,373 Mortgage note receivable - - 1,575 1,575 - - 1,575 1,575

6. Intangible Assets (Tables)

6. Intangible Assets (Tables)	6 Months Ended
	Aug. 02, 2015
Disclosure Text Block [Abstract]
Schedule of Intangible Assets and Goodwill [Table Text Block]	August 2, February 1, Non-amortizable Intangible Assets Segment 2015 2015 Trademarks and trade names - Bradington-Young Upholstery $ 861 $ 861 Trademarks and trade names - Sam Moore Upholstery 396 396 URL- Homeware.com All other 125 125 Total trademarks and tradenames 1,382 1,382

8. Employee Benefit Plans (Tabl

8. Employee Benefit Plans (Tables)	6 Months Ended
	Aug. 02, 2015
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 August 2, 2015 and February 1, 2015 was $8.6 million and $8.4 million, respectively, and is shown in our condensed consolidated balance sheets as follows: August 2, February 1, 2015 2015 Accrued salaries, wages and benefits (current portion) $ 354 $ 354 Deferred compensation (long-term portion) 8,231 8,031 Total liability $ 8,585 $ 8,385
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 Twenty-Six Weeks Ended August 2, August 3, August 2, August 3, 2015 2014 2015 2014 Net periodic benefit cost Service cost $ 101 $ 25 $ 202 $ 51 Interest cost 72 85 144 170 Actuarial gain 45 (13 ) 90 (26 ) Net periodic benefit cost $ 218 $ 97 $ 436 $ 195

9. Earnings Per Share (Tables)

9. Earnings Per Share (Tables)	6 Months Ended
	Aug. 02, 2015
Earnings Per Share [Abstract]
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: August 2, Feb 1, 2015 2015 Restricted shares 25 27 Restricted stock units 20 25 45 52
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The following table sets forth the computation of basic and diluted earnings per share: Thirteen Weeks Ended Twenty-Six Weeks Ended August 2, August 3, August 2, August 3, 2015 2014 2015 2014 Net income $ 3,938 $ 2,272 $ 7,410 $ 5,076 Less: Unvested participating restricted stock dividends 3 3 3 6 Net earnings allocated to unvested participating restricted stock 10 7 10 15 Earnings available for common shareholders 3,925 2,262 7,397 5,055 Weighted average shares outstanding for basic earnings per share 10,783 10,731 10,770 10,728 Dilutive effect of unvested restricted stock and RSU awards 23 36 26 34 Weighted average shares outstanding for diluted earnings per share 10,806 10,767 10,796 10,762 Basic earnings per share $ 0.36 $ 0.21 $ 0.69 $ 0.47 Diluted earnings per share $ 0.36 $ 0.21 $ 0.69 $ 0.47

11. Segment Information (Tables

11. Segment Information (Tables)	6 Months Ended
	Aug. 02, 2015
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	The following table presents segment information for the periods, and as of the dates, indicated: Thirteen Weeks Ended Twenty-Six Weeks Ended August 2 August 3 August 2 August 3 2015 2014 2015 2014 % Net % Net % Net % Net Net Sales Sales Sales Sales Sales Casegoods $ 37,314 62.0 % $ 33,092 60.3 % $ 75,797 62.6 % $ 71,345 61.4 % Upholstery 20,696 34.4 % 20,887 38.1 % 41,999 34.7 % 43,265 37.2 % All other 2,193 3.6 % 1,146 2.1 % 3,525 2.9 % 2,055 1.8 % Intercompany eliminations (63 ) (242 ) (225 ) (386 ) Consolidated $ 60,140 $ 54,883 $ 121,096 $ 116,279 Gross Profit & Margin Casegoods $ 10,904 29.2 % $ 9,365 28.3 % $ 22,205 29.3 % $ 20,457 28.7 % Upholstery 4,532 21.9 % 4,000 19.2 % 9,251 22.0 % 8,233 19.0 % All other 649 29.6 % 299 26.1 % 999 28.3 % 582 28.3 % Intercompany eliminations 8 (7 ) 13 (5 ) Consolidated $ 16,093 26.8 % $ 13,657 24.9 % $ 32,468 26.8 % $ 29,267 25.2 % Operating Income & Margin Casegoods $ 4,456 11.9 % $ 3,015 9.1 % $ 8,557 11.3 % $ 7,081 9.9 % Upholstery 1,307 6.3 % 726 3.5 % 2,755 6.6 % 1,258 2.9 % All other 88 4.0 % (320 ) -27.9 % (224 ) -6.4 % (677 ) -32.9 % Intercompany eliminations 8 (7 ) 13 (5 ) Consolidated $ 5,859 9.7 % $ 3,414 6.2 % $ 11,101 9.2 % $ 7,657 6.6 % Capital Expenditures Casegoods $ 571 $ 705 $ 940 $ 1,383 Upholstery 358 286 417 616 All other 6 - 7 Consolidated $ 935 $ 991 $ 1,364 $ 1,999 Depreciation & Amortization Casegoods $ 478 $ 388 $ 874 $ 755 Upholstery 238 258 459 504 All other 3 - 6 Consolidated $ 719 $ 646 $ 1,339 $ 1,259
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	As of % Total As of % Total Identifiable Assets Aug 2, 2015 Assets Feb 1, 2015 Assets Casegoods $ 137,946 79.1 % $ 135,403 79.3 % Upholstery 33,866 19.4 % 33,788 19.8 % All other 2,542 1.5 % 1,605 0.9 % Intercompany eliminations (27 ) (41 ) Consolidated $ 174,327 100.0 % $ 170,755 100.0 %

2. Accounts Receivable (Details

2. Accounts Receivable (Details) - USD ($)	Aug. 02, 2015	Feb. 01, 2015
Upholstery [Member]
2. Accounts Receivable (Details) [Line Items]
Accounts receivable factor recourse	$ 219,000	$ 237,000
Sam Moore [Member]
2. Accounts Receivable (Details) [Line Items]
Accounts receivable factor recourse	167,000
Sam Moore [Member] | Upholstery [Member]
2. Accounts Receivable (Details) [Line Items]
Accounts receivable factor recourse	$ 6,000	$ 13,000

2. Accounts Receivable (Detai28

2. Accounts Receivable (Details) - Schedule of Accounts Receivable - USD ($) $ in Thousands	Aug. 02, 2015	Feb. 01, 2015
Schedule of Accounts Receivable [Abstract]
Trade accounts receivable	$ 25,727	$ 25,322
Receivable from factor	3,837	8,252
Allowance for doubtful accounts	(1,020)	(1,329)
Accounts receivable	$ 28,544	$ 32,245

3. Inventories (Details) - Sche

3. Inventories (Details) - Schedule of Inventory, Current - USD ($) $ in Thousands	Aug. 02, 2015	Feb. 01, 2015
Schedule of Inventory, Current [Abstract]
Finished furniture	$ 57,461	$ 54,896
Furniture in process	682	615
Materials and supplies	9,312	9,131
Inventories at FIFO	67,455	64,642
Reduction to LIFO basis	(20,436)	(19,669)
Inventories	$ 47,019	$ 44,973

4. Property, Plant and Equipm30

4. Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Aug. 02, 2015	Feb. 01, 2015
4. Property, Plant and Equipment (Details) [Line Items]
Construction in Progress, Gross	$ 1,125	$ 3,477
Enterprise Resource Planning (ERP) [Member]
4. Property, Plant and Equipment (Details) [Line Items]
Construction in Progress, Gross	270
Various Other Projects to Enhance Facilities and Operations [Member]
4. Property, Plant and Equipment (Details) [Line Items]
Construction in Progress, Gross	$ 855

4. Property, Plant and Equipm31

4. Property, Plant and Equipment (Details) - Schedule of Property, Plant and Equipment - USD ($) $ in Thousands	6 Months Ended
	Aug. 02, 2015	Feb. 01, 2015
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 46,863	$ 51,070
Less accumulated depreciation	26,247	32,790
Total depreciable property, net	20,616	18,280
Land	1,067	1,067
Construction-in-progress	1,125	3,477
Property, plant and equipment, net	22,808	22,824
Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	22,294	22,162
Computer Software and Hardware [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 15,110	18,444
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Depreciable Lives	10 years
Property, Plant and Equipment, Gross	$ 4,800	4,757
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Depreciable Lives	5 years
Property, Plant and Equipment, Gross	$ 2,658	2,840
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 1,437	2,240
Property, Plant and Equipment, Other Types [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Depreciable Lives	5 years
Property, Plant and Equipment, Gross	$ 564	$ 628
Minimum [Member] | Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Depreciable Lives	15 years
Minimum [Member] | Computer Software and Hardware [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Depreciable Lives	3 years
Minimum [Member] | Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Depreciable Lives	3 years
Maximum [Member] | Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Depreciable Lives	30 years
Maximum [Member] | Computer Software and Hardware [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Depreciable Lives	10 years
Maximum [Member] | Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Depreciable Lives	8 years

5. Fair Value Measurements (Det

5. Fair Value Measurements (Details) - USD ($) $ in Thousands	Aug. 02, 2015	Feb. 01, 2015
Fair Value Disclosures [Abstract]
Notes Receivable, Fair Value Disclosure	$ 1,575	$ 1,575

5. Fair Value Measurements (D33

5. Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis - USD ($) $ in Thousands	Aug. 02, 2015	Feb. 01, 2015
Assets measured at fair value
Company-owned life insurance	$ 21,312	$ 20,373
Mortgage note receivable	1,575	1,575
Fair Value, Inputs, Level 1 [Member]
Assets measured at fair value
Company-owned life insurance	0	0
Mortgage note receivable	0	0
Fair Value, Inputs, Level 2 [Member]
Assets measured at fair value
Company-owned life insurance	21,312	20,373
Mortgage note receivable	0	0
Fair Value, Inputs, Level 3 [Member]
Assets measured at fair value
Company-owned life insurance	0	0
Mortgage note receivable	$ 1,575	$ 1,575

6. Intangible Assets (Details)

6. Intangible Assets (Details) - Schedule of Intangible Assets - USD ($) $ in Thousands	Aug. 02, 2015	Feb. 01, 2015
6. Intangible Assets (Details) - Schedule of Intangible Assets [Line Items]
URL- Homeware.com	$ 125	$ 125
Total trademarks and tradenames	1,382	1,382
Bradington-Young [Member] | Upholstery [Member]
6. Intangible Assets (Details) - Schedule of Intangible Assets [Line Items]
Trademarks and trade names	861	861
Sam Moore [Member] | Upholstery [Member]
6. Intangible Assets (Details) - Schedule of Intangible Assets [Line Items]
Trademarks and trade names	$ 396	$ 396

7. Long Term Debt (Details)

7. Long Term Debt (Details) - Aug. 02, 2015 - USD ($) $ in Millions	Total
7. Long Term Debt (Details) [Line Items]
Line of Credit Facility, Current Borrowing Capacity	$ 13.5
Line of Credit Facility, Maximum Borrowing Capacity	$ 15
Line of Credit Facility, Expiration Date	Jul. 31, 2018
Standby Letters of Credit [Member]
7. Long Term Debt (Details) [Line Items]
Letters of Credit Outstanding, Amount	$ 1.5

8. Employee Benefit Plans (Deta

8. Employee Benefit Plans (Details) - USD ($) $ in Thousands	Aug. 02, 2015	Feb. 01, 2015
Supplemental Employee Retirement Plan [Member]
8. Employee Benefit Plans (Details) [Line Items]
Defined Benefit Plan, Benefit Obligation	$ 8,585	$ 8,385

8. Employee Benefit Plans (De37

8. Employee Benefit Plans (Details) - Schedule of Amounts Recognized in Balance Sheet - Supplemental Employee Retirement Plan [Member] - USD ($) $ in Thousands	Aug. 02, 2015	Feb. 01, 2015
8. Employee Benefit Plans (Details) - Schedule of Amounts Recognized in Balance Sheet [Line Items]
Accrued salaries, wages and benefits (current portion)	$ 354	$ 354
Deferred compensation (long-term portion)	8,231	8,031
Total liability	$ 8,585	$ 8,385

8. Employee Benefit Plans (De38

8. Employee Benefit Plans (Details) - Schedule of Net Benefit Costs - Supplemental Employee Retirement Plan [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 02, 2015	Aug. 03, 2014	Aug. 02, 2015	Aug. 03, 2014
Net periodic benefit cost
Service cost	$ 101	$ 25	$ 202	$ 51
Interest cost	72	85	144	170
Actuarial gain	45	(13)	90	(26)
Net periodic benefit cost	$ 218	$ 97	$ 436	$ 195

9. Earnings Per Share (Details)

9. Earnings Per Share (Details) - Schedule of Restricted Stock and Restricted Stock Units - shares shares in Thousands	Aug. 02, 2015	Feb. 01, 2015
9. Earnings Per Share (Details) - Schedule of Restricted Stock and Restricted Stock Units [Line Items]
Number of Shares Outstanding	45	52
Restricted Stock [Member]
9. Earnings Per Share (Details) - Schedule of Restricted Stock and Restricted Stock Units [Line Items]
Number of Shares Outstanding	25	27
Restricted Stock Units (RSUs) [Member]
9. Earnings Per Share (Details) - Schedule of Restricted Stock and Restricted Stock Units [Line Items]
Number of Shares Outstanding	20	25

9. Earnings Per Share (Detail40

9. Earnings Per Share (Details) - Schedule of Earnings Per Share, Basic and Diluted - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 02, 2015	Aug. 03, 2014	Aug. 02, 2015	Aug. 03, 2014
Schedule of Earnings Per Share, Basic and Diluted [Abstract]
Net income	$ 3,938	$ 2,272	$ 7,410	$ 5,076
Less: Unvested participating restricted stock dividends	3	3	3	6
Net earnings allocated to unvested participating restricted stock	10	7	10	15
Earnings available for common shareholders	$ 3,925	$ 2,262	$ 7,397	$ 5,055
Weighted average shares outstanding for basic earnings per share (in Shares)	10,783	10,731	10,770	10,728
Dilutive effect of unvested restricted stock and RSU awards (in Shares)	23	36	26	34
Weighted average shares outstanding for diluted earnings per share (in Shares)	10,806	10,767	10,796	10,762
Basic earnings per share (in Dollars per share)	$ 0.36	$ 0.21	$ 0.69	$ 0.47
Diluted earnings per share (in Dollars per share)	$ 0.36	$ 0.21	$ 0.69	$ 0.47

10. Income Taxes (Details)

10. Income Taxes (Details) - USD ($)	3 Months Ended		6 Months Ended
	Aug. 02, 2015	Aug. 03, 2014	Aug. 02, 2015	Aug. 03, 2014
Income Tax Disclosure [Abstract]
Income Tax Expense (Benefit)	$ 1,972,000	$ 1,194,000	$ 3,874,000	$ 2,679,000
Effective Income Tax Rate Reconciliation, Percent	33.40%	34.40%	34.30%	34.50%
Unrecognized Tax Benefits	$ 345,000	$ 426,000	$ 345,000	$ 426,000

11. Segment Information (Detail

11. Segment Information (Details) - Segment Reporting Information - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 02, 2015	Aug. 03, 2014	Aug. 02, 2015	Aug. 03, 2014
Segment Reporting Information [Line Items]
Net Sales	$ 60,140	$ 54,883	$ 121,096	$ 116,279
Gross Profit & Margin
Gross Profit & Margin	$ 16,093	$ 13,657	$ 32,468	$ 29,267
% of Net Sales, Gross Profit & Margin	26.80%	24.90%	26.80%	25.20%
Operating Income & Margin
Operating Income & Margin	$ 5,859	$ 3,414	$ 11,101	$ 7,657
% of Net Sales, Operating Income & Margin	9.70%	6.20%	9.20%	6.60%
Capital Expenditures
Capital Expenditures	$ 935	$ 991	$ 1,364	$ 1,999
Depreciation & Amortization
Depreciation & Amortization	719	646	1,339	1,259
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net Sales	(63)	(242)	(225)	(386)
Gross Profit & Margin
Gross Profit & Margin	8	(7)	13	(5)
Operating Income & Margin
Operating Income & Margin	8	(7)	13	(5)
Casegoods [Member]
Segment Reporting Information [Line Items]
Net Sales	$ 37,314	$ 33,092	$ 75,797	$ 71,345
% of Net Sales	62.00%	60.30%	62.60%	61.40%
Gross Profit & Margin
Gross Profit & Margin	$ 10,904	$ 9,365	$ 22,205	$ 20,457
% of Net Sales, Gross Profit & Margin	29.20%	28.30%	29.30%	28.70%
Operating Income & Margin
Operating Income & Margin	$ 4,456	$ 3,015	$ 8,557	$ 7,081
% of Net Sales, Operating Income & Margin	11.90%	9.10%	11.30%	9.90%
Capital Expenditures
Capital Expenditures	$ 571	$ 705	$ 940	$ 1,383
Depreciation & Amortization
Depreciation & Amortization	478	388	874	755
Upholstery [Member]
Segment Reporting Information [Line Items]
Net Sales	$ 20,696	$ 20,887	$ 41,999	$ 43,265
% of Net Sales	34.40%	38.10%	34.70%	37.20%
Gross Profit & Margin
Gross Profit & Margin	$ 4,532	$ 4,000	$ 9,251	$ 8,233
% of Net Sales, Gross Profit & Margin	21.90%	19.20%	22.00%	19.00%
Operating Income & Margin
Operating Income & Margin	$ 1,307	$ 726	$ 2,755	$ 1,258
% of Net Sales, Operating Income & Margin	6.30%	3.50%	6.60%	2.90%
Capital Expenditures
Capital Expenditures	$ 358	$ 286	$ 417	$ 616
Depreciation & Amortization
Depreciation & Amortization	238	258	459	504
Other Segments [Member]
Segment Reporting Information [Line Items]
Net Sales	$ 2,193	$ 1,146	$ 3,525	$ 2,055
% of Net Sales	3.60%	2.10%	2.90%	1.80%
Gross Profit & Margin
Gross Profit & Margin	$ 649	$ 299	$ 999	$ 582
% of Net Sales, Gross Profit & Margin	29.60%	26.10%	28.30%	28.30%
Operating Income & Margin
Operating Income & Margin	$ 88	$ (320)	$ (224)	$ (677)
% of Net Sales, Operating Income & Margin	4.00%	(27.90%)	(6.40%)	(32.90%)
Capital Expenditures
Capital Expenditures	$ 6	$ 0	$ 7
Depreciation & Amortization
Depreciation & Amortization	$ 3	$ 0	$ 6

11. Segment Information (Deta43

11. Segment Information (Details) - Schedule of Reconciliation of Assets from Segment to Consolidated - USD ($) $ in Thousands	Aug. 02, 2015	Feb. 01, 2015
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	$ 174,327	$ 170,755
% of Total Assets	100.00%	100.00%
Intersegment Eliminations [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	$ (27)	$ (41)
Casegoods [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	$ 137,946	$ 135,403
% of Total Assets	79.10%	79.30%
Upholstery [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	$ 33,866	$ 33,788
% of Total Assets	19.40%	19.80%
Other Segments [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	$ 2,542	$ 1,605
% of Total Assets	1.50%	0.90%

12. Subsequent Events (Details)

12. Subsequent Events (Details) - $ / shares	Sep. 03, 2015	Aug. 02, 2015	Aug. 03, 2014	Aug. 02, 2015	Aug. 03, 2014
12. Subsequent Events (Details) [Line Items]
Common Stock, Dividends, Per Share, Declared		$ 0.10	$ 0.10	$ 0.20	$ 0.20
Subsequent Event [Member]
12. Subsequent Events (Details) [Line Items]
Dividends Payable, Date Declared	Sep. 3, 2015
Common Stock, Dividends, Per Share, Declared	$ 0.10
Dividends Payable, Date to be Paid	Sep. 30, 2015
Dividends Payable, Date of Record	Sep. 15, 2015