Hooker Furnishings (HOFT) 10-Q 8 Dec 17 2018 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Oct. 29, 2017	Dec. 01, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	Hooker Furniture Corp
Document Type	10-Q
Current Fiscal Year End Date	--01-28
Entity Common Stock, Shares Outstanding		11,762,409
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	Oct. 29, 2017
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Oct. 29, 2017	Jan. 29, 2017
Current assets
Cash and cash equivalents	$ 32,357	$ 39,792
Trade accounts receivable, net	79,850	92,578
Inventories	83,550	75,303
Income Tax Recoverable	954	0
Prepaid expenses and other current assets	5,220	4,244
Total current assets	201,931	211,917
Property, plant and equipment, net	30,846	25,803
Cash surrender value of life insurance policies	23,322	22,366
Deferred taxes	5,512	7,264
Intangible assets, net	37,825	25,923
Goodwill	40,832	23,187
Other assets	2,249	2,236
Total non-current assets	140,586	106,779
Total assets	342,517	318,696
Current liabilities
Current portion of term loan	7,526	5,817
Trade accounts payable	33,748	36,552
Accrued salaries, wages and benefits	8,373	8,394
Income tax accrual	0	4,323
Customer deposits	4,290	5,605
Other accrued expenses	3,338	3,369
Total current liabilities	57,275	64,060
Long term debt	47,660	41,772
Deferred compensation	11,043	10,849
Pension plan	3,017	3,499
Other long-term liabilities	852	589
Total long-term liabilities	62,572	56,709
Total liabilities	119,847	120,769
Shareholders’ equity
Common stock, no par value, 20,000 shares authorized, 11,762 and 11,563 shares issued and outstanding on each date	48,910	39,753
Retained earnings	173,245	157,688
Accumulated other comprehensive income	515	486
Total shareholders’ equity	222,670	197,927
Total liabilities and shareholders’ equity	$ 342,517	$ 318,696

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) - shares shares in Thousands	Oct. 29, 2017	Jan. 29, 2017
Common stock, shares authorized	20,000	20,000
Common stock, shares issued	11,762	11,563
Common stock, shares outstanding	11,762	11,563

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2017	Oct. 30, 2016	Oct. 29, 2017	Oct. 30, 2016
Net sales	$ 157,934	$ 145,298	$ 445,114	$ 403,292
Cost of sales	123,656	114,372	349,576	317,289
Gross profit	34,278	30,926	95,538	86,003
Selling and administrative expenses	22,449	20,653	64,139	61,038
Intangible asset amortization	624	334	1,291	2,801
Operating income	11,205	9,939	30,108	22,164
Other income, net	330	218	1,052	636
Interest expense, net	327	245	860	755
Income before income taxes	11,208	9,912	30,300	22,045
Income tax expense	4,006	3,453	10,574	7,737
Net income	$ 7,202	$ 6,459	$ 19,726	$ 14,308
Earnings per share
Basic (in Dollars per share)	$ 0.62	$ 0.56	$ 1.70	$ 1.24
Diluted (in Dollars per share)	$ 0.61	$ 0.56	$ 1.69	$ 1.23
Weighted average shares outstanding:
Basic (in Shares)	11,679	11,537	11,596	11,528
Diluted (in Shares)	11,700	11,559	11,626	11,556
Cash dividends declared per share (in Dollars per share)	$ 0.12	$ 0.10	$ 0.36	$ 0.30

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2017	Oct. 30, 2016	Oct. 29, 2017	Oct. 30, 2016
Net Income	$ 7,202	$ 6,459	$ 19,726	$ 14,308
Other comprehensive income (loss):
Amortization of actuarial loss (gain)	15	(18)	46	(53)
Income tax effect on amortization	(5)	7	(17)	19
Adjustments to net periodic benefit cost	10	(11)	29	(34)
Total comprehensive Income	$ 7,212	$ 6,448	$ 19,755	$ 14,274

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Oct. 29, 2017	Oct. 30, 2016
Operating Activities:
Net income	$ 19,726	$ 14,308
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	4,399	6,340
Gain on disposal of assets	(37)	(60)
Deferred income tax expense (benefit)	1,735	(1,767)
Noncash restricted stock and performance awards	1,175	927
Provision for doubtful accounts	125	(168)
Gain on life insurance policies	(453)	(665)
Changes in assets and liabilities:
Trade accounts receivable	16,179	(105)
Income tax recoverable	(954)	0
Inventories	(5,867)	6,597
Prepaid expenses and other current assets	(836)	(306)
Trade accounts payable	(3,529)	(319)
Accrued salaries, wages, and benefits	(539)	(332)
Accrued income taxes	(4,323)	1,142
Customer deposits	(1,314)	4,485
Other accrued expenses	(254)	2,409
Deferred compensation	(435)	(1,265)
Other long-term liabilities	267	44
Net cash provided by operating activities	25,065	31,265
Investing Activities:
Acquisitions	(32,650)	(86,062)
Purchases of property and equipment	(2,708)	(1,905)
Proceeds received on notes from sale of assets	98	116
Proceeds received on life insurance policies	0	908
Premiums paid on life insurance policies	(639)	(682)
Net cash used in investing activities	(35,899)	(87,625)
Financing Activities:
Proceeds from long-term debt	12,000	60,000
Payments for long-term debt	(4,393)	(10,825)
Debt issuance cost	(39)	(165)
Cash dividends paid	(4,169)	(3,466)
Net cash provided by financing activities	3,399	45,544
Net decrease in cash and cash equivalents	(7,435)	(10,816)
Cash and cash equivalents - beginning of year	39,792	53,922
Cash and cash equivalents - end of quarter	32,357	43,106
Supplemental disclosure of cash flow information:
Cash paid for income taxes	14,103	8,360
Cash paid for interest, net	754	547
Non-cash transactions:
Acquisition cost paid in common stock	8,396	20,267
Increase in property and equipment through accrued purchases	$ 26	$ 22

1. Preparation of Interim Finan

1. Preparation of Interim Financial Statements	9 Months Ended
	Oct. 29, 2017
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”). All references to the “Hooker”, “Hooker Division” or “traditional Hooker” divisions or companies refer to the current components of our Hooker Casegoods and Upholstery operating segments, including Shenandoah since its characteristics (e.g. management, price points, margins and domestic manufacturing base), are like that of the other components of what we previously defined as the “legacy Hooker” business. The financial statements contained herein are being filed as part of a quarterly report on Form 10-Q covering the thirteen-week period (also referred to as “three months,” “three-month period,” “quarter,” “third quarter” or “quarterly period”) that began July 31, 2017, and the thirty-nine week period (also referred to as “nine months,” “nine-month period” or “year-to-date period”) that began January 30, 2017, which both ended October 29, 2017, compared to the thirteen-week period that began August 1, 2016 and the thirty-nine week period that began February 1, 2016, which both ended October 30, 2016; and our financial condition as of October 29, 2017 compared to January 29, 2017. References in these notes to the condensed consolidated financial statements of the Company to: § the 2018 fiscal year and comparable terminology mean the fiscal year that began January 30, 2017 and will end January 28, 2018; and § the 2017 fiscal year and comparable terminology mean the fiscal year that began February 1, 2016 and ended January 29, 2017. References in this document to “SFI” refer to the counterparties to the asset purchase agreement, Shenandoah Furniture, Inc. and its two former shareholders, entered into on September 6, 2017. References in this document to “Shenandoah” or “Shenandoah Furniture” refer to the newly acquired business operations of SFI acquired on September 29, 2017. On September 29, 2017, we acquired substantially all of the assets and assumed certain liabilities of SFI for $32.7 million in cash and the issuance of 176,018 shares of our common stock valued at $8.4 million (such numbers are subject to agreed upon post-closing working capital adjustments). Based on the way we manage, evaluate and internally report our operations, we determined that Shenandoah’s newly acquired business will be reported in our Upholstery segment. The results of operations of Shenandoah are included in our results of operations beginning on September 29, 2017 through the end of our fiscal 2018 third quarter ended on October 29, 2017. Consequently, comparable prior-year information for Shenandoah is not included in the financial statements presented in this report. The acquisition is discussed in greater detail below in Note 2. “Acquisition.” In May 2014, the Financial Accounting Standards Board (the “FASB”) issued new accounting guidance for the recognition of revenue from contracts with customers. Subsequent Accounting Standards Updates have been issued to provide clarity and defer the effective date of the new guidance. The new revenue recognition standard eliminates the transaction- and industry-specific revenue recognition guidance under current GAAP and replaces it with a principles-based approach. Our analysis to date has included reviewing material agreements and sales policies and procedures, interviewing sales and customer care management and analyzing those findings based on the five-step model described in the new standard. Additionally, we have decided to implement the standard using the modified retrospective adjustment method as a cumulative-effect adjustment as of the date of adoption. Implementation matters remaining include completing our analysis, assessing accounting policy elections and disclosures under the new guidance and evaluating the systems and processes to support any possible changes to our revenue recognition practices. Based on our analysis to date, we do not believe the standard will have a material effect on our financial statements. However, our analysis is not yet complete and this preliminary conclusion is subject to change. The new revenue recognition guidance is effective for us beginning in fiscal 2019, which begins on January 29, 2018.

2. Acquisition

2. Acquisition	9 Months Ended
	Oct. 29, 2017
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	2. Acquisition On September 29, 2017, we completed the previously announced acquisition (the “Acquisition”) of substantially all of the assets of SFI pursuant to the Asset Purchase Agreement the Company and SFI entered into on September 6, 2017 (the “Asset Purchase Agreement”). Upon completion and subject to post-closing working capital adjustments, the Company paid $32.7 million in cash (the “Cash Consideration”) and issued 176,018 shares of the Company’s common stock (the “Stock Consideration”) to the shareholders of SFI as consideration for the Acquisition. The Cash Consideration included an additional payment of approximately $650,000 pursuant to working capital adjustments provided for in the Asset Purchase Agreement. The number of shares of common stock issued at closing for the Stock Consideration was determined by reference to the mean closing price of the Company’s common stock for the ten trading days immediately preceding the business day preceding the closing date ($45.45). Under the Asset Purchase Agreement, we also assumed certain liabilities of SFI. The assumed liabilities did not include the indebtedness (as defined in the Asset Purchase Agreement) of SFI. Also on September 29, 2017, we entered into a second amended and restated loan agreement (the “Loan Agreement”) with Bank of America, N.A. (“BofA”) in connection with the completion of the Acquisition. The Loan Agreement amends and restates the amended and restated loan agreement the Company entered into with BofA on February 1, 2016, in connection with its acquisition of the substantially all of the assets of Home Meridian International, Inc. The Amended and Restated Loan Agreement provides us with a new $12 million unsecured term loan (the “New Unsecured Term Loan”). On September 29, 2017, we borrowed the full $12 million available under the New Unsecured Term Loan in connection with the completion of the Acquisition. For additional details regarding the Loan Agreement, see Note 9. “Debt,” below. In accordance with FASB Accounting Standards Codification Topic 805, “Business Combinations” (“ASC 805”), the Acquisition has been accounted for using the acquisition method of accounting. We recorded assets acquired, including identifiable intangible assets, and liabilities assumed, from SFI at their respective fair values at the date of completion of the Acquisition. The excess of the purchase price over the net fair value of such assets and liabilities was recorded as goodwill. The following table summarizes the estimates of the fair values of the identifiable assets acquired and liabilities assumed in the Acquisition as of September 29, 2017. Inventory, prepaids and accounts payable values have been finalized. We are currently reviewing the net working capital adjustment as specified in the Asset Purchase Agreement, consequently, the accounts receivable, and accrued expenses values are subject to change. The preliminary estimates of fair value of property and equipment, intangible assets and goodwill are preliminary values, and subject to change as our appraisals and estimates are finalized during the fiscal 2018 fourth quarter. Fair value estimates of assets acquired and liabilities assumed Purchase price consideration Cash paid for assets acquired, including working capital adjustment $ 32,650 Value of shares issued for assets acquired 8,000 Fair value adjustment to shares issued for assets acquired* 396 Total purchase price $ 41,046 Accounts receivable $ 3,576 Inventory 2,380 Prepaid expenses and other current assets 52 Property and equipment 5,418 Intangible assets 13,193 Goodwill 17,645 Accounts payable (699 ) Accrued expenses (519 ) Total purchase price $ 41,046 *As provided by the Asset Purchase Agreement, we calculated the number of common shares issued to SFI by dividing $8 million by the mean closing price of our common stock for the ten trading days immediately preceding the business day immediately preceding the closing date ($45.45). However, U.S. Generally Accepted Accounting Standards provide that we value stock consideration exchanged in the Acquisition at fair value. Consequently, we adjusted the purchase price by $396,000, which represents the difference in the mean closing price of our common shares described in this paragraph and the price on September 29, 2017, multiplied by the number of common shares issued (176,018.) No additional consideration was transferred to SFI as a result of this adjustment. Property and equipment were recorded at fair value and primarily consist of machinery and equipment and leasehold improvements. Property and equipment will be amortized over their estimated useful lives and leasehold improvements will be amortized over the lesser of their useful lives or the remaining lease period. Goodwill is calculated as the excess of the purchase price over the net assets acquired. The goodwill recognized is attributable to growth opportunities and expected synergies. All goodwill in expected to be deductible for income tax purposes. Intangible assets, consist of three separately identified assets: § Shenandoah customer relationships, which are definite-lived intangible assets with an aggregate fair value of $12.1 million. The customer relationships are amortizable and will be amortized over a period of thirteen years; § The Shenandoah tradename, an indefinite lived intangible asset with a fair value of $645,000. The tradename is not subject to amortization, but will be evaluated annually, and as circumstances dictate, for impairment; and § Shenandoah’s order backlog which is a definite-lived intangible asset with an aggregate fair value of $479,000 that we will amortize over four months, with most of the expense recognized in the fiscal 2018 fourth quarter. The total weighted average amortization period for these assets is 12.5 years. The following unaudited consolidated pro forma summary has been prepared by adjusting our historical data to give effect to the Acquisition as if it had occurred on February 1, 2016: 13 Weeks Ended 39 Weeks Ended October 30, 2016 October 30, 2016 (Pro forma) (Pro forma) Net Sales $ 156,570 $ 434,921 Net Income $ 7,268 $ 16,257 Basic EPS $ 0.63 $ 1.41 Diluted EPS $ 0.62 $ 1.39 Pro Forma - Unaudited 13 Weeks Ended 39 Weeks Ended October 29, 2017 October 29, 2017 (Pro forma) (Pro forma) Net Sales $ 165,777 $ 474,610 Net Income $ 9,218 $ 24,223 Basic EPS $ 0.79 $ 2.09 Diluted EPS $ 0.78 $ 2.06 The unaudited consolidated pro forma financial information was prepared in accordance with existing standards and is not necessarily indicative of the results of operations that would have occurred if the Acquisition had been completed on the date indicated, nor is it indicative of our future operating results. Material adjustments included in the pro forma financial information in the table above consist of amortization of intangible assets, elimination of transaction related costs in fiscal 2018 proforma results and recording of interest on short and long-term debt incurred to facilitate this transaction. The unaudited pro forma results do not reflect events that either have occurred or may occur after the Acquisition, including, but not limited to, the anticipated realization of savings from operating synergies in subsequent periods. They also do not give effect to certain charges that we expect to incur in connection with the Acquisition, including, but not limited to, additional professional fees, employee integration, retention, potential asset impairments and accelerated depreciation and amortization. We have incurred approximately $700,000 in Acquisition-related costs so far in fiscal 2018. These expenses are included in the “Selling and administrative expenses” line of our condensed consolidated statements of income. Included in our fiscal 2018 third quarter and year-to-date results are Shenandoah’s October results, which include $3.1 million in net sales and $197,000 of operating income, including $290,000 in intangible amortization expense.

3. Shareholders' Equity

3. Shareholders' Equity	9 Months Ended
	Oct. 29, 2017
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	3. Shareholders’ Equity The number of shares and the amount of common stock outstanding changed materially from the end of the 2017 fiscal year, as a result of issuing 176,018 shares of common stock to the shareholders of SFI as partial consideration for the Acquisition. The table below reconciles the number of shares and amounts of common stock outstanding from our most recent fiscal year end to the end of the fiscal 2018 third quarter. The table shows the effects of the Acquisition issuance, as well as other activity in the common stock account unrelated to the Acquisition. Common Stock Shares Amount Outstanding shares January 29, 2017 11,563 $ 39,753 Shares issued for Acquisition 176 8,396 Restricted share grants 23 431 Restricted stock compensation costs - 330 Outstanding shares October 29, 2017 11,762 $ 48,910

4. Accounts Receivable

4. Accounts Receivable	9 Months Ended
	Oct. 29, 2017
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	4. Accounts Receivable October 29, January 29, 2017 2017 Trade accounts receivable $ 86,409 $ 99,378 Receivable from factor - 6 Other accounts receivable allowances (5,630 ) (6,298 ) Allowance for doubtful accounts (929 ) (508 ) Accounts receivable $ 79,850 $ 92,578

5. Inventories

5. Inventories	9 Months Ended
	Oct. 29, 2017
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	5. Inventories October 29, January 29, 2017 2017 Finished furniture $ 91,624 $ 85,520 Furniture in process 1,338 735 Materials and supplies 9,444 7,536 Inventories at FIFO 102,406 93,791 Reduction to LIFO basis (18,856 ) (18,488 ) Inventories $ 83,550 $ 75,303

6. Property, Plant and Equipmen

6. Property, Plant and Equipment	9 Months Ended
	Oct. 29, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	6. Property, Plant and Equipment Depreciable Lives October 29, January 29, (In years) 2017 2017 Buildings and land improvements 15 - 30 $ 24,073 $ 23,392 Computer software and hardware 3 - 10 18,181 17,308 Machinery and equipment 10 8,448 5,031 Leasehold improvements Term of lease 9,470 7,104 Furniture and fixtures 3 - 8 2,181 1,903 Other 5 660 562 Total depreciable property at cost 63,013 55,300 Less accumulated depreciation 34,160 31,167 Total depreciable property, net 28,853 24,133 Land 1,067 1,067 Construction-in-progress 926 603 Property, plant and equipment, net $ 30,846 $ 25,803

7. Fair Value Measurements

7. Fair Value Measurements	9 Months Ended
	Oct. 29, 2017
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	7. Fair Value Measurements Fair value is the price that would be received to sell an asset or paid to transfer 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 October 29, 2017 and January 29, 2017, 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 January 29, 2017, our Pension Plan (the “Plan”) assets were measured at fair value on a recurring basis based on Level 1 inputs. Pension plan assets, held in a trust account by the Plan’s trustee, primarily consist of a wide-range of mutual fund asset classes, including domestic and international equities, fixed income securities such as corporate bonds, mortgage-backed securities, real estate investments and U.S. Treasuries. As of January 31, 2017, the date of the latest actuarial valuation, Plan assets were netted against the Plan’s Projected Benefit Obligation (“PBO”) on that date to determine the Plan’s funded status. Since the PBO exceeded the market value of the Plan’s assets, the funded status is recorded in our condensed consolidated balance sheets as a net liability. As of January 31, 2017, the net liability for this plan was $3.5 million shown on the “Pension Plan” line of our condensed consolidated balance sheets. The market value of pension plan assets shown below are as of January 31, 2017, the actuarial valuation date of the Pension Plan. See Note 10. “Employee Benefit Plans” for additional information about the Plan. Our assets measured at fair value on a recurring basis at October 29, 2017 and January 29, 2017, were as follows: Fair value at October 29, 2017 Fair value at January 29, 2017 Description Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets measured at fair value Company-owned life insurance $ - $ 23,322 $ - $ 23,322 $ - $ 22,366 $ - $ 22,366 Pension plan assets* 13,881 - - 13,881 13,881 - - 13,881 * as of January 29, 2017 for Pension Plan assets.

8. Intangible Assets

8. Intangible Assets	9 Months Ended
	Oct. 29, 2017
Disclosure Text Block [Abstract]
Intangible Assets Disclosure [Text Block]	8. Intangible Assets During the fiscal 2018 third quarter, we recorded both non-amortizable and amortizable intangible assets as a result of the Acquisition. Shenandoah’s trade names, customer relationships and order backlog have been assigned preliminary fair values subject to additional analysis during the measurement period as we continue to gather information. Details of these new intangible assets, as well as previously recorded intangible assets assigned to our Upholstery and Home Meridian reportable segments, are as follows: October 29, January 29, Segment 2017 2017 Non-amortizable Intangible Assets Goodwill Home Meridian $ 23,187 $ 23,187 Goodwill Upholstery $ 17,645 - Trademarks and trade names - Home Meridian Home Meridian 11,400 11,400 Trademarks and trade names - Bradington-Young Upholstery 861 861 Trademarks and trade names - Shenandoah Upholstery 645 - Trademarks and trade names - Sam Moore Upholstery 396 396 Total non-amortizable assets $ 54,134 $ 35,844 Our amortizable intangible assets consist of customer relationships, trademarks and order backlog and are recorded in the Home Meridian and Upholstery segments. The estimated amortization expense associated with these assets is expected to be as follows: Fiscal Year Amount Remainder of 2018 $ 833 2019 2,263 2020 2,263 2021 2,263 2022 2,263 Thereafter 14,640 $ 24,525 Accumulated amortization on intangible assets was $4.4 million at October 29, 2017 and was $3.1 million at January 29, 2017.

9. Debt

9. Debt	9 Months Ended
	Oct. 29, 2017
Disclosure Text Block [Abstract]
Long-term Debt [Text Block]	9. Debt On September 29, 2017, we entered into a loan agreement (the “Loan Agreement”) with Bank of America, N.A. (“BofA”) in connection with the completion of the Acquisition discussed in Note 2 Acquisition, above. The Loan Agreement amends and restates the amended and restated loan agreement that the Company entered into with BofA on February 1, 2016. The Loan Agreement provides us with the New Unsecured Term Loan of $12 million. Amounts outstanding under the New Unsecured Term Loan will bear interest at a rate, adjusted monthly, equal to the then current LIBOR monthly rate plus 1.50%. We must repay the principal amount borrowed under the New Unsecured Term Loan in monthly installments of approximately $143,000, together with any accrued interest, until the full amount borrowed is repaid or until the earlier of September 30, 2022 or the expiration of the Company’s existing $30 million revolving credit facility (the “Existing Revolver”), at which time all amounts outstanding under the New Unsecured Term Loan will become due and payable. We may prepay the outstanding principal amount under the New Unsecured Term Loan, in full or in part, on any interest payment date without penalty. On September 29, 2017, we borrowed the full $12 million available under the New Unsecured Term Loan. Additionally, we incurred $39,000 in debt issuance costs in connection with our term loans in the fiscal 2018 third quarter. These costs are amortized over the life of the loan using the interest method and are included in the “interest expense” line of our condensed consolidated income statements. Unamortized debt issuance costs are netted against the carrying value of our term loans on our condensed consolidated balance sheets. As of October 29, 2017, including the debt issuance costs in connection with a previous acquisition, total unamortized loan costs of $131,000 were netted against the carrying value of our term loans on our condensed consolidated balance sheets. The Loan Agreement also included customary representations and warranties and requires us to comply with customary covenants, including, among other things, the following financial covenants: · Maintain a ratio of funded debt to EBITDA not exceeding: o 2.50:1.0 through August 31, 2018; o 2.25:1.0 through August 31, 2019; and o 2.00:1.00 thereafter. · A basic fixed charge coverage ratio of at least 1.25:1.00; and · Limit capital expenditures to no more than $15.0 million during any fiscal year with expenditures to acquire fixed assets pursuant to the Acquisition being excluded for the fiscal year in which the Acquisition occurs. The Loan Agreement also limits our right to incur other indebtedness, make certain investments and create liens upon our assets, subject to certain exceptions, among other restrictions. The Loan Agreement does not restrict our ability to pay cash dividends on, or repurchase, shares of our common stock, subject to our compliance with the financial covenants discussed above, if we are not otherwise in default under the Loan Agreement. We were in compliance with each of these financial covenants at October 29, 2017 and expect to remain in compliance with existing covenants through fiscal 2018 and for the foreseeable future. As of October 29, 2017, we had an aggregate $28.5 million available under our Existing Revolver 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 the Existing Revolver as of October 29, 2017. There were no additional borrowings outstanding under the Existing Revolver on October 29, 2017.

10. Employee Benefit Plans

10. Employee Benefit Plans	9 Months Ended
	Oct. 29, 2017
Retirement Benefits [Abstract]
Pension and Other Postretirement Benefits Disclosure [Text Block]	10. Employee Benefit Plans We maintain three retirement plans for the benefit of certain former and current employees, including a supplemental retirement income plan (“SRIP”) for certain former and current employees of Hooker Furniture Corporation, as well as two plans for the benefit of certain and former employees of Pulaski Furniture Corporation, one of two entities combined to form Home Meridian International. These legacy pension plan obligations include: § the Pulaski Furniture Corporation Supplemental Executive Retirement Plan (“SERP”) for certain former executives. The SERP is an unfunded plan and all benefits are paid solely out of our general assets; and § the Pulaski Furniture Corporation Pension Plan (“Pension Plan”) for former Pulaski Furniture Corporation employees. The SRIP, SERP and Pension Plan are all “frozen” and we do not expect to add additional employees to any of these plans in the future. Pension plan assets include a range of mutual fund asset classes and are measured at fair value using Level 1 inputs, which are quoted prices in active markets. Thirteen Weeks Ended Thirty-Nine Weeks Ended October 29, October 30, October 29, October 30, 2017 2016 2017 2016 Net periodic benefit costs Service cost 76 94 228 282 Interest cost 280 295 839 885 Actuarial loss (gain) 15 (18 ) 45 (54 ) Expected return on pension plan assets (234 ) (197 ) (700 ) (591 ) Expected administrative expenses 70 70 210 210 Consolidated net periodic benefit costs $ 207 $ 244 $ 622 $ 732 The expected long-term rate of return on Pension Plan assets is 7.0% as of

11. Earnings Per Share

11. Earnings Per Share	9 Months Ended
	Oct. 29, 2017
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	11. 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 2017 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 an 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: October 29, January 29, 2017 2017 Restricted shares 16 26 Restricted stock units 19 20 35 46 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 October 29, October 30, October 29, October 30, 2017 2016 2017 2016 Net income $ 7,202 $ 6,459 $ 19,726 $ 14,308 Less: Unvested participating restricted stock dividends 2 3 8 8 Net earnings allocated to unvested participating restricted stock 10 14 37 32 Earnings available for common shareholders 7,190 6,442 19,681 14,268 Weighted average shares outstanding for basic earnings per share 11,679 11,537 11,596 11,528 Dilutive effect of unvested restricted stock and RSU awards 21 22 30 28 Weighted average shares outstanding for diluted earnings per share 11,700 11,559 11,626 11,556 Basic earnings per share $ 0.62 $ 0.56 $ 1.70 $ 1.24 Diluted earnings per share $ 0.61 $ 0.56 $ 1.69 $ 1.23

12. Income Taxes

12. Income Taxes	9 Months Ended
	Oct. 29, 2017
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	12. Income Taxes We recorded income tax expense of $4 million for the fiscal 2018 third quarter compared to $3.5 million for the comparable prior year period. The effective tax rates for the fiscal 2018 and 2017 third quarter were 35.7% and 34.8%, respectively. Our effective tax rate was higher in the fiscal 2018 third quarter primarily due to higher state tax expenses as the result of expanding territory. We recorded income tax expense of $10.6 million for the fiscal 2018 first nine months, compared to $7.7 million for the same prior-year period. The effective tax rates for the first nine months of fiscal 2018 and 2017 were 34.9% and 35.1%, respectively. The effective tax rate was lower in the 2018 first nine months due to the settlement of an uncertain tax position on captive insurance, excess tax benefits from share-based compensation and a state tax credit received during the first quarter of fiscal 2018. The net unrecognized tax benefits as of October 29, 2017 and January 29, 2017, which, if recognized, would affect our effective tax rate are $129,000 and $201,000, respectively. Tax years ending February 2, 2014 through January 29, 2017 remain subject to examination by federal and state taxing authorities.

13. Segment Information

13. Segment Information	9 Months Ended
	Oct. 29, 2017
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	13. Segment Information As a public entity, we are required to present disaggregated information by segment using the management approach. The objective of this approach is to allow users of our financial statements to see our business through the eyes of management based upon the way management reviews performance and makes decisions. The management approach requires segment information to be reported based on how management internally evaluates the operating performance of the company’s business units or segments. The objective of this approach is to meet the basic principles of segment reporting as outlined in Accounting Standards Codification Topic 280, “Segment Reporting” § better understand our performance; § better assess our prospects for future net cash flows; and § make more informed judgments about us as a whole. We define our segments as those operations our chief operating decision maker (“CODM”) regularly reviews to analyze performance and allocate resources. We measure the results of our segments using, among other measures, each segment’s net sales, gross profit and operating income, as determined by the information regularly reviewed by the CODM. For financial reporting purposes, we are organized into four reportable segments: § Hooker Casegoods § Upholstery § Home Meridian § All other The following table presents segment information for the periods, and as of the dates, indicated: Thirteen Weeks Ended Thirty-Nine Weeks Ended October 29, October 30 October 29, October 30 2017 2016 2017 2016 % Net % Net % Net % Net Net Sales Sales Sales Sales Sales Hooker Casegoods $ 36,373 23.0 % $ 36,861 25.4 % $ 104,067 23.4 % $ 103,372 25.6 % Upholstery 26,701 16.9 % 19,664 13.5 % 71,247 16.0 % 61,404 15.2 % Home Meridian 92,068 58.3 % 86,053 59.2 % 262,173 58.9 % 231,391 57.4 % All other 2,792 1.8 % 2,720 1.9 % 7,627 1.7 % 7,125 1.8 % Intercompany eliminations - - - - Consolidated $ 157,934 100.0 % $ 145,298 100 % $ 445,114 100.0 % $ 403,292 100 % Gross Profit Hooker Casegoods $ 11,346 31.2 % $ 12,081 32.8 % $ 32,984 31.7 % $ 32,897 31.8 % Upholstery 6,190 23.2 % 4,311 21.9 % 17,255 24.2 % 14,029 22.8 % Home Meridian 15,808 17.2 % 13,742 16.0 % 42,875 16.4 % 36,865 15.9 % All other 934 33.4 % 791 29.1 % 2,420 31.7 % 2,204 30.9 % Intercompany eliminations - 1 4 8 Consolidated $ 34,278 21.7 % $ 30,926 21.3 % $ 95,538 21.5 % $ 86,003 21.3 % Operating Income Hooker Casegoods $ 3,990 11.0 % $ 5,092 13.8 % $ 11,918 11.5 % $ 11,514 11.1 % Upholstery 2,199 8.2 % 1,178 6.0 % 6,807 9.6 % 4,256 6.9 % Home Meridian 4,607 5.0 % 3,503 4.1 % 10,658 4.1 % 5,956 2.6 % All other 409 14.6 % 165 6.1 % 721 9.5 % 430 6.0 % Intercompany eliminations - 1 4 8 Consolidated $ 11,205 7.1 % $ 9,939 6.8 % $ 30,108 6.8 % $ 22,164 5.5 % Capital Expenditures Hooker Casegoods $ 268 $ 343 $ 1,259 $ 1,065 Upholstery 145 430 359 638 Home Meridian 580 122 1,090 193 All other - 9 - 9 Consolidated $ 993 $ 904 $ 2,708 $ 1,905 Depreciation & Amortization Hooker Casegoods $ 490 $ 566 $ 1,452 $ 1,650 Upholstery 538 253 929 718 Home Meridian 673 770 2,012 3,965 All other 1 3 6 7 Consolidated $ 1,702 $ 1,592 $ 4,399 $ 6,340 As of October 29, 2017 %Total As of January 29, 2017 %Total Assets Assets Assets Hooker Casegoods $ 125,232 47.5 % $ 130,917 48.6 % Upholstery 42,636 16.2 % 31,018 11.5 % Home Meridian 95,483 36.2 % 107,101 39.7 % All other 509 0.2 % 554 0.2 % Intercompany eliminations - 0.0 % (4 ) 0.0 % Consolidated assets $ 263,860 100.0 % $ 269,586 100 % Consolidated goodwill and intangibles 78,657 49,110 Total consolidated assets $ 342,517 $ 318,696 Sales by product type are as follows: Net Sales (in thousands) Thirteen Weeks Ended Thirty-Nine Weeks Ended October 29, October 30, October 29, October 30, 2017 %Total 2016 %Total 2017 %Total 2016 %Total Casegoods $ 115,106 73 % $ 107,994 74 % $ 316,639 71 % $ 286,039 71 % Upholstery 42,828 27 % 37,304 26 % 128,475 29 % 117,253 29 % $ 157,934 100 % $ 145,298 100 % $ 445,114 100 % $ 403,292 100 %

14. Related Party Transactions

14. Related Party Transactions	9 Months Ended
	Oct. 29, 2017
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	14. Related Party Transactions We lease the four properties utilized in Shenandoah’s operations. One of our employees has an ownership interest in the entities that own these properties. The leases commenced on September 29, 2017, have an initial 48-month term, and an option to renew each for an additional seven years. All four leases include annual rent escalation clauses with respect to minimum lease payments after the initial 48-month term of the lease is completed. In addition to monthly lease payments, we also incur expenses for property taxes, routine repairs and maintenance and other operating expenses. We paid $68,000 in lease payments to these entities during the fiscal 2018 third quarter.

15. Subsequent Events

15. Subsequent Events	9 Months Ended
	Oct. 29, 2017
Subsequent Events [Abstract]
Subsequent Events [Text Block]	15. Subsequent Events Dividends On December 7, 2017, our board of directors declared a quarterly cash dividend of $0.14 per share, payable on December 29, 2017 to shareholders of record at December 18, 2017.

2. Acquisition (Tables)

2. Acquisition (Tables)	9 Months Ended
	Oct. 29, 2017
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	The following table summarizes the estimates of the fair values of the identifiable assets acquired and liabilities assumed in the Acquisition as of September 29, 2017. Inventory, prepaids and accounts payable values have been finalized. We are currently reviewing the net working capital adjustment as specified in the Asset Purchase Agreement, consequently, the accounts receivable, and accrued expenses values are subject to change. The preliminary estimates of fair value of property and equipment, intangible assets and goodwill are preliminary values, and subject to change as our appraisals and estimates are finalized during the fiscal 2018 fourth quarter. Fair value estimates of assets acquired and liabilities assumed Purchase price consideration Cash paid for assets acquired, including working capital adjustment $ 32,650 Value of shares issued for assets acquired 8,000 Fair value adjustment to shares issued for assets acquired* 396 Total purchase price $ 41,046 Accounts receivable $ 3,576 Inventory 2,380 Prepaid expenses and other current assets 52 Property and equipment 5,418 Intangible assets 13,193 Goodwill 17,645 Accounts payable (699 ) Accrued expenses (519 ) Total purchase price $ 41,046 *As provided by the Asset Purchase Agreement, we calculated the number of common shares issued to SFI by dividing $8 million by the mean closing price of our common stock for the ten trading days immediately preceding the business day immediately preceding the closing date ($45.45). However, U.S. Generally Accepted Accounting Standards provide that we value stock consideration exchanged in the Acquisition at fair value. Consequently, we adjusted the purchase price by $396,000, which represents the difference in the mean closing price of our common shares described in this paragraph and the price on September 29, 2017, multiplied by the number of common shares issued (176,018.) No additional consideration was transferred to SFI as a result of this adjustment.
Business Acquisition, Pro Forma Information [Table Text Block]	13 Weeks Ended 39 Weeks Ended October 30, 2016 October 30, 2016 (Pro forma) (Pro forma) Net Sales $ 156,570 $ 434,921 Net Income $ 7,268 $ 16,257 Basic EPS $ 0.63 $ 1.41 Diluted EPS $ 0.62 $ 1.39 Pro Forma - Unaudited 13 Weeks Ended 39 Weeks Ended October 29, 2017 October 29, 2017 (Pro forma) (Pro forma) Net Sales $ 165,777 $ 474,610 Net Income $ 9,218 $ 24,223 Basic EPS $ 0.79 $ 2.09 Diluted EPS $ 0.78 $ 2.06

3. Shareholders' Equity (Tables

3. Shareholders' Equity (Tables)	9 Months Ended
	Oct. 29, 2017
Stockholders' Equity Note [Abstract]
Schedule of Common Stock Outstanding Roll Forward [Table Text Block]	The table shows the effects of the Acquisition issuance, as well as other activity in the common stock account unrelated to the Acquisition. Common Stock Shares Amount Outstanding shares January 29, 2017 11,563 $ 39,753 Shares issued for Acquisition 176 8,396 Restricted share grants 23 431 Restricted stock compensation costs - 330 Outstanding shares October 29, 2017 11,762 $ 48,910

4. Accounts Receivable (Tables)

4. Accounts Receivable (Tables)	9 Months Ended
	Oct. 29, 2017
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	October 29, January 29, 2017 2017 Trade accounts receivable $ 86,409 $ 99,378 Receivable from factor - 6 Other accounts receivable allowances (5,630 ) (6,298 ) Allowance for doubtful accounts (929 ) (508 ) Accounts receivable $ 79,850 $ 92,578

5. Inventories (Tables)

5. Inventories (Tables)	9 Months Ended
	Oct. 29, 2017
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	October 29, January 29, 2017 2017 Finished furniture $ 91,624 $ 85,520 Furniture in process 1,338 735 Materials and supplies 9,444 7,536 Inventories at FIFO 102,406 93,791 Reduction to LIFO basis (18,856 ) (18,488 ) Inventories $ 83,550 $ 75,303

6. Property, Plant and Equipm26

6. Property, Plant and Equipment (Tables)	9 Months Ended
	Oct. 29, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	Depreciable Lives October 29, January 29, (In years) 2017 2017 Buildings and land improvements 15 - 30 $ 24,073 $ 23,392 Computer software and hardware 3 - 10 18,181 17,308 Machinery and equipment 10 8,448 5,031 Leasehold improvements Term of lease 9,470 7,104 Furniture and fixtures 3 - 8 2,181 1,903 Other 5 660 562 Total depreciable property at cost 63,013 55,300 Less accumulated depreciation 34,160 31,167 Total depreciable property, net 28,853 24,133 Land 1,067 1,067 Construction-in-progress 926 603 Property, plant and equipment, net $ 30,846 $ 25,803

7. Fair Value Measurements (Tab

7. Fair Value Measurements (Tables)	9 Months Ended
	Oct. 29, 2017
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 basis at October 29, 2017 and January 29, 2017, were as follows: Fair value at October 29, 2017 Fair value at January 29, 2017 Description Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets measured at fair value Company-owned life insurance $ - $ 23,322 $ - $ 23,322 $ - $ 22,366 $ - $ 22,366 Pension plan assets* 13,881 - - 13,881 13,881 - - 13,881 * as of January 29, 2017 for Pension Plan assets.

8. Intangible Assets (Tables)

8. Intangible Assets (Tables)	9 Months Ended
	Oct. 29, 2017
Disclosure Text Block [Abstract]
Schedule of Intangible Assets and Goodwill [Table Text Block]	October 29, January 29, Segment 2017 2017 Non-amortizable Intangible Assets Goodwill Home Meridian $ 23,187 $ 23,187 Goodwill Upholstery $ 17,645 - Trademarks and trade names - Home Meridian Home Meridian 11,400 11,400 Trademarks and trade names - Bradington-Young Upholstery 861 861 Trademarks and trade names - Shenandoah Upholstery 645 - Trademarks and trade names - Sam Moore Upholstery 396 396 Total non-amortizable assets $ 54,134 $ 35,844
Finite-lived Intangible Assets Amortization Expense [Table Text Block]	The estimated amortization expense associated with these assets is expected to be as follows: Fiscal Year Amount Remainder of 2018 $ 833 2019 2,263 2020 2,263 2021 2,263 2022 2,263 Thereafter 14,640 $ 24,525

10. Employee Benefit Plans (Tab

10. Employee Benefit Plans (Tables)	9 Months Ended
	Oct. 29, 2017
Retirement Benefits [Abstract]
Schedule of Net Benefit Costs [Table Text Block]	Components of net periodic benefit cost for the SRIP, SERP and Pension Plans are included in our condensed consolidated statements of income under selling and administrative expenses. Thirteen Weeks Ended Thirty-Nine Weeks Ended October 29, October 30, October 29, October 30, 2017 2016 2017 2016 Net periodic benefit costs Service cost 76 94 228 282 Interest cost 280 295 839 885 Actuarial loss (gain) 15 (18 ) 45 (54 ) Expected return on pension plan assets (234 ) (197 ) (700 ) (591 ) Expected administrative expenses 70 70 210 210 Consolidated net periodic benefit costs $ 207 $ 244 $ 622 $ 732

11. Earnings Per Share (Tables)

11. Earnings Per Share (Tables)	9 Months Ended
	Oct. 29, 2017
Earnings Per Share [Abstract]
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]	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 an 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: October 29, January 29, 2017 2017 Restricted shares 16 26 Restricted stock units 19 20 35 46
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 October 29, October 30, October 29, October 30, 2017 2016 2017 2016 Net income $ 7,202 $ 6,459 $ 19,726 $ 14,308 Less: Unvested participating restricted stock dividends 2 3 8 8 Net earnings allocated to unvested participating restricted stock 10 14 37 32 Earnings available for common shareholders 7,190 6,442 19,681 14,268 Weighted average shares outstanding for basic earnings per share 11,679 11,537 11,596 11,528 Dilutive effect of unvested restricted stock and RSU awards 21 22 30 28 Weighted average shares outstanding for diluted earnings per share 11,700 11,559 11,626 11,556 Basic earnings per share $ 0.62 $ 0.56 $ 1.70 $ 1.24 Diluted earnings per share $ 0.61 $ 0.56 $ 1.69 $ 1.23

13. Segment Information (Tables

13. Segment Information (Tables)	9 Months Ended
	Oct. 29, 2017
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 Thirty-Nine Weeks Ended October 29, October 30 October 29, October 30 2017 2016 2017 2016 % Net % Net % Net % Net Net Sales Sales Sales Sales Sales Hooker Casegoods $ 36,373 23.0 % $ 36,861 25.4 % $ 104,067 23.4 % $ 103,372 25.6 % Upholstery 26,701 16.9 % 19,664 13.5 % 71,247 16.0 % 61,404 15.2 % Home Meridian 92,068 58.3 % 86,053 59.2 % 262,173 58.9 % 231,391 57.4 % All other 2,792 1.8 % 2,720 1.9 % 7,627 1.7 % 7,125 1.8 % Intercompany eliminations - - - - Consolidated $ 157,934 100.0 % $ 145,298 100 % $ 445,114 100.0 % $ 403,292 100 % Gross Profit Hooker Casegoods $ 11,346 31.2 % $ 12,081 32.8 % $ 32,984 31.7 % $ 32,897 31.8 % Upholstery 6,190 23.2 % 4,311 21.9 % 17,255 24.2 % 14,029 22.8 % Home Meridian 15,808 17.2 % 13,742 16.0 % 42,875 16.4 % 36,865 15.9 % All other 934 33.4 % 791 29.1 % 2,420 31.7 % 2,204 30.9 % Intercompany eliminations - 1 4 8 Consolidated $ 34,278 21.7 % $ 30,926 21.3 % $ 95,538 21.5 % $ 86,003 21.3 % Operating Income Hooker Casegoods $ 3,990 11.0 % $ 5,092 13.8 % $ 11,918 11.5 % $ 11,514 11.1 % Upholstery 2,199 8.2 % 1,178 6.0 % 6,807 9.6 % 4,256 6.9 % Home Meridian 4,607 5.0 % 3,503 4.1 % 10,658 4.1 % 5,956 2.6 % All other 409 14.6 % 165 6.1 % 721 9.5 % 430 6.0 % Intercompany eliminations - 1 4 8 Consolidated $ 11,205 7.1 % $ 9,939 6.8 % $ 30,108 6.8 % $ 22,164 5.5 % Capital Expenditures Hooker Casegoods $ 268 $ 343 $ 1,259 $ 1,065 Upholstery 145 430 359 638 Home Meridian 580 122 1,090 193 All other - 9 - 9 Consolidated $ 993 $ 904 $ 2,708 $ 1,905 Depreciation & Amortization Hooker Casegoods $ 490 $ 566 $ 1,452 $ 1,650 Upholstery 538 253 929 718 Home Meridian 673 770 2,012 3,965 All other 1 3 6 7 Consolidated $ 1,702 $ 1,592 $ 4,399 $ 6,340
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	The following table presents segment information for the periods, and as of the dates, indicated: As of October 29, 2017 %Total As of January 29, 2017 %Total Assets Assets Assets Hooker Casegoods $ 125,232 47.5 % $ 130,917 48.6 % Upholstery 42,636 16.2 % 31,018 11.5 % Home Meridian 95,483 36.2 % 107,101 39.7 % All other 509 0.2 % 554 0.2 % Intercompany eliminations - 0.0 % (4 ) 0.0 % Consolidated assets $ 263,860 100.0 % $ 269,586 100 % Consolidated goodwill and intangibles 78,657 49,110 Total consolidated assets $ 342,517 $ 318,696
Revenue from External Customers by Products and Services [Table Text Block]	Sales by product type are as follows: Net Sales (in thousands) Thirteen Weeks Ended Thirty-Nine Weeks Ended October 29, October 30, October 29, October 30, 2017 %Total 2016 %Total 2017 %Total 2016 %Total Casegoods $ 115,106 73 % $ 107,994 74 % $ 316,639 71 % $ 286,039 71 % Upholstery 42,828 27 % 37,304 26 % 128,475 29 % 117,253 29 % $ 157,934 100 % $ 145,298 100 % $ 445,114 100 % $ 403,292 100 %

1. Preparation of Interim Fin32

1. Preparation of Interim Financial Statements (Details) - Acquisition of Shenandoah Furniture, Inc. [Member] $ in Thousands	Sep. 29, 2017USD ($)shares
1. Preparation of Interim Financial Statements (Details) [Line Items]
Payments to Acquire Businesses, Gross	$ 32,650
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in Shares) | shares	176,018
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned	$ 8,400

2. Acquisition (Details)

2. Acquisition (Details) - USD ($)		Sep. 29, 2017	Oct. 29, 2017	Oct. 30, 2016	Oct. 29, 2017	Oct. 30, 2016
2. Acquisition (Details) [Line Items]
Proceeds from Loans					$ 12,000,000
Sales Revenue, Goods, Net			$ 157,934,000	$ 145,298,000	445,114,000	$ 403,292,000
Operating Income (Loss)			11,205,000	9,939,000	30,108,000	22,164,000
Amortization of Intangible Assets			$ 624,000	$ 334,000	1,291,000	$ 2,801,000
Acquisition of Shenandoah Furniture, Inc. [Member]
2. Acquisition (Details) [Line Items]
Payments to Acquire Businesses, Gross		$ 32,650,000
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in Shares)		176,018
Other Payments to Acquire Businesses		$ 650,000
Proceeds from Loans					12,000,000
Business Acquisition, Equity Interest Issued or Issuable, Basis for Determining Value		As provided by the Asset Purchase Agreement, we calculated the number of common shares issued to SFI by dividing $8 million by the mean closing price of our common stock for the ten trading days immediately preceding the business day immediately preceding the closing date ($45.45).
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	[1]	$ 396,000
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		12 years 6 months
Business Acquisition, Transaction Costs		$ 700,000
Sales Revenue, Goods, Net					3,100,000
Operating Income (Loss)					197,000
Amortization of Intangible Assets					$ 290,000
Acquisition of Shenandoah Furniture, Inc. [Member] | Trade Names [Member]
2. Acquisition (Details) [Line Items]
Indefinite-lived Intangible Assets Acquired		645,000
Acquisition of Shenandoah Furniture, Inc. [Member] | Customer Relationships [Member]
2. Acquisition (Details) [Line Items]
Finite-lived Intangible Assets Acquired		$ 12,100,000
Finite-Lived Intangible Asset, Useful Life		13 years
Acquisition of Shenandoah Furniture, Inc. [Member] | Order or Production Backlog [Member]
2. Acquisition (Details) [Line Items]
Finite-lived Intangible Assets Acquired		$ 479,000
Finite-Lived Intangible Asset, Useful Life		4 months
Unsecured Debt [Member]
2. Acquisition (Details) [Line Items]
Debt Instrument, Face Amount		$ 12,000,000
Unsecured Debt [Member] | Acquisition of Shenandoah Furniture, Inc. [Member]
2. Acquisition (Details) [Line Items]
Debt Instrument, Face Amount		$ 12,000,000
[1]	As provided by the Asset Purchase Agreement, we calculated the number of common shares issued to SFI by dividing $8 million by the mean closing price of our common stock for the ten trading days immediately preceding the business day immediately preceding the closing date ($45.45). However, U.S. Generally Accepted Accounting Standards provide that we value stock consideration exchanged in the Acquisition at fair value. Consequently, we adjusted the purchase price by $396,000, which represents the difference in the mean closing price of our common shares described in this paragraph and the price on September 29, 2017, multiplied by the number of common shares issued (176,018.) No additional consideration was transferred to SFI as a result of this adjustment.

2. Acquisition (Details) - Sche

2. Acquisition (Details) - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed - USD ($)		Sep. 29, 2017	Oct. 29, 2017	Jan. 29, 2017
2. Acquisition (Details) - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Line Items]
Goodwill			$ 40,832,000	$ 23,187,000
Acquisition of Shenandoah Furniture, Inc. [Member]
2. Acquisition (Details) - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Line Items]
Cash paid for assets acquired, including working capital adjustment		$ 32,650,000
Value of shares issued for assets acquired		8,000,000
Fair value adjustment to shares issued for assets acquired	[1]	396,000
Total purchase price		41,046,000
Accounts receivable		3,576,000
Inventory		2,380,000
Prepaid expenses and other current assets		52,000
Property and equipment		5,418,000
Intangible assets		13,193,000
Goodwill		17,645,000
Accounts payable		(699,000)
Accrued expenses		(519,000)
Total purchase price		$ 41,046,000
[1]	As provided by the Asset Purchase Agreement, we calculated the number of common shares issued to SFI by dividing $8 million by the mean closing price of our common stock for the ten trading days immediately preceding the business day immediately preceding the closing date ($45.45). However, U.S. Generally Accepted Accounting Standards provide that we value stock consideration exchanged in the Acquisition at fair value. Consequently, we adjusted the purchase price by $396,000, which represents the difference in the mean closing price of our common shares described in this paragraph and the price on September 29, 2017, multiplied by the number of common shares issued (176,018.) No additional consideration was transferred to SFI as a result of this adjustment.

2. Acquisition (Details) - Busi

2. Acquisition (Details) - Business Acquisition, Pro Forma Information - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2017	Oct. 30, 2016	Oct. 29, 2017	Oct. 30, 2016
Business Acquisition, Pro Forma Information [Abstract]
Net Sales	$ 165,777	$ 156,570	$ 474,610	$ 434,921
Net Income	$ 9,218	$ 7,268	$ 24,223	$ 16,257
Basic EPS	$ 0.79	$ 0.63	$ 2.09	$ 1.41
Diluted EPS	$ 0.78	$ 0.62	$ 2.06	$ 1.39

3. Shareholders' Equity (Detail

3. Shareholders' Equity (Details)	Sep. 29, 2017shares
Acquisition of Shenandoah Furniture, Inc. [Member]
3. Shareholders' Equity (Details) [Line Items]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	176,018

3. Shareholders' Equit

3. Shareholders' Equity (Details) - Schedule of Common Stock Outstanding Roll Forward shares in Thousands, $ in Thousands	9 Months Ended
	Oct. 29, 2017USD ($)shares
Schedule of Common Stock Outstanding Roll Forward [Abstract]
Oustanding shares | shares	11,563
Oustanding amount | $	$ 39,753
Shares issued for Acquisition, shares | shares	176
Shares issued for Acquisition, amount | $	$ 8,396
Restricted share grants, shares | shares	23
Restricted share grants, amount | $	$ 431
Restricted stock compensation costs, shares | shares	0
Restricted stock compensation costs, amount | $	$ 330
Oustanding shares | shares	11,762
Oustanding amount | $	$ 48,910

4. Accounts Receivable (Detai

4. Accounts Receivable (Details) - Accounts Receivable - USD ($) $ in Thousands	Oct. 29, 2017	Jan. 29, 2017
Accounts Receivable [Abstract]
Trade accounts receivable	$ 86,409	$ 99,378
Receivable from factor	0	6
Other accounts receivable allowances	(5,630)	(6,298)
Allowance for doubtful accounts	(929)	(508)
Accounts receivable	$ 79,850	$ 92,578

5. Inventories (Details) - Sch

5. Inventories (Details) - Schedule of Inventory, Current - USD ($) $ in Thousands	Oct. 29, 2017	Jan. 29, 2017
Schedule of Inventory, Current [Abstract]
Finished furniture	$ 91,624	$ 85,520
Furniture in process	1,338	735
Materials and supplies	9,444	7,536
Inventories at FIFO	102,406	93,791
Reduction to LIFO basis	(18,856)	(18,488)
Inventories	$ 83,550	$ 75,303

6. Property, Plant and Equipm

6. Property, Plant and Equipment (Details) - Property, Plant and Equipment - USD ($) $ in Thousands	9 Months Ended
	Oct. 29, 2017	Jan. 29, 2017
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 63,013	$ 55,300
Less accumulated depreciation	34,160	31,167
Total depreciable property, net	28,853	24,133
Land	1,067	1,067
Construction-in-progress	926	603
Property, plant and equipment, net	30,846	25,803
Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 24,073	23,392
Building and Building Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Depreciable Lives	15
Building and Building Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Depreciable Lives	30
Computer Software and Hardware [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 18,181	17,308
Computer Software and Hardware [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Depreciable Lives	3
Computer Software and Hardware [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Depreciable Lives	10
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 8,448	5,031
Property, Plant and Equipment, Depreciable Lives	10
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 9,470	7,104
Property, Plant and Equipment, Depreciable Lives	Term of lease
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 2,181	1,903
Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Depreciable Lives	3
Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Depreciable Lives	8
Property, Plant and Equipment, Other Types [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 660	$ 562
Property, Plant and Equipment, Depreciable Lives	5

7. Fair Value Measurements (Det

7. Fair Value Measurements (Details) $ in Millions	Jan. 31, 2017USD ($)
Pension Plan [Member]
7. Fair Value Measurements (Details) [Line Items]
Liability, Defined Benefit Pension Plan	$ 3.5

7. Fair Value Measurements (

7. Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis - USD ($) $ in Thousands		Oct. 29, 2017	Jan. 29, 2017
7. Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Company-owned life insurance		$ 23,322	$ 22,366
Pension plan assets	[1]	13,881	13,881
Fair Value, Inputs, Level 1 [Member]
7. Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Company-owned life insurance		0	0
Pension plan assets	[1]	13,881	13,881
Fair Value, Inputs, Level 2 [Member]
7. Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Company-owned life insurance		23,322	22,366
Pension plan assets	[1]	0	0
Fair Value, Inputs, Level 3 [Member]
7. Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Company-owned life insurance		0	0
Pension plan assets	[1]	$ 0	$ 0
[1]	as of January 29, 2017 for Pension Plan assets.

8. Intangible Assets (Details)

8. Intangible Assets (Details) - USD ($) $ in Millions	Oct. 29, 2017	Jan. 29, 2017
Disclosure Text Block [Abstract]
Finite-Lived Intangible Assets, Accumulated Amortization	$ 4.4	$ 3.1

8. Intangible Assets (Detail

8. Intangible Assets (Details) - Schedule of Intangible Assets - USD ($) $ in Thousands	Oct. 29, 2017	Jan. 29, 2017
Non-amortizable Intangible Assets
Goodwill	$ 40,832	$ 23,187
Total non-amortizable assets	54,134	35,844
Home Meridian International [Member]
Non-amortizable Intangible Assets
Goodwill	23,187	23,187
Upholstery [Member]
Non-amortizable Intangible Assets
Goodwill	17,645	0
Upholstery [Member] | Bradington-Young [Member]
Non-amortizable Intangible Assets
Trademarks and trade names	861	861
Upholstery [Member] | Shenandoah [Member]
Non-amortizable Intangible Assets
Trademarks and trade names	645	0
Upholstery [Member] | Sam Moore [Member]
Non-amortizable Intangible Assets
Trademarks and trade names	396	396
Home Meridian International [Member] | Home Meridian International [Member]
Non-amortizable Intangible Assets
Trademarks and trade names	$ 11,400	$ 11,400

8. Intangible Assets (Deta45

8. Intangible Assets (Details) - Finite-lived Intangible Assets Amortization Expense $ in Thousands	Oct. 29, 2017USD ($)
Finite-lived Intangible Assets Amortization Expense [Abstract]
Remainder of 2018	$ 833
2,019	2,263
2,020	2,263
2,021	2,263
2,022	2,263
Thereafter	14,640
	$ 24,525

9. Debt (Details)

9. Debt (Details) - USD ($)	Sep. 29, 2017	Oct. 29, 2017
9. Debt (Details) [Line Items]
Proceeds from Loans		$ 12,000,000
Letter of Credit [Member]
9. Debt (Details) [Line Items]
Letters of Credit Outstanding, Amount		1,500,000
Unsecured Debt [Member]
9. Debt (Details) [Line Items]
Debt Instrument, Face Amount	$ 12,000,000
Debt Instrument, Maturity Date, Description	repay the principal amount borrowed under the New Unsecured Term Loan in monthly installments of approximately $143,000, together with any accrued interest, until the full amount borrowed is repaid or until the earlier of September 30, 2022 or the expiration of the Company’s existing $30 million revolving credit facility (the “Existing Revolver”), at which time all amounts outstanding under the New Unsecured Term Loan will become due and payable.
Debt Instrument, Periodic Payment	$ 143,000
Debt Issuance Costs, Gross		39,000
Debt Issuance Costs, Net		$ 131,000
Line of Credit Facility, Covenant Terms		·Maintain a ratio of funded debt to EBITDA not exceeding:o2.50:1.0 through August 31, 2018;o2.25:1.0 through August 31, 2019; ando2.00:1.00 thereafter.·A basic fixed charge coverage ratio of at least 1.25:1.00; and·Limit capital expenditures to no more than $15.0 million during any fiscal year with expenditures to acquire fixed assets pursuant to the Acquisition being excluded for the fiscal year in which the Acquisition occurs.
Unsecured Debt [Member] | London Interbank Offered Rate (LIBOR) [Member]
9. Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.50%
Line of Credit [Member]
9. Debt (Details) [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity		$ 28,500,000

10. Employee Benefit Plans (Det

10. Employee Benefit Plans (Details)	9 Months Ended
	Oct. 29, 2017USD ($)	Jan. 29, 2017
10. Employee Benefit Plans (Details) [Line Items]
Defined Benefit Plan, Expected Future Benefit Payment, Remainder of Fiscal Year (in Dollars)	$ 210,000
Hooker Furniture Corporation [Member]
10. Employee Benefit Plans (Details) [Line Items]
Number of Benefit Plans	3
Pulaski Furniture Corporation [Member]
10. Employee Benefit Plans (Details) [Line Items]
Number of Benefit Plans	2
Pension Plan [Member]
10. Employee Benefit Plans (Details) [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate		7.00%
Defined Benefit Plan, Plan Assets, Contributions by Employer (in Dollars)	$ 511,000

10. Employee Benef

10. Employee Benefit Plans (Details) - Schedule of Net Benefit Costs - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2017	Oct. 30, 2016	Oct. 29, 2017	Oct. 30, 2016
Net periodic benefit costs
Service cost	$ 76	$ 94	$ 228	$ 282
Interest cost	280	295	839	885
Actuarial loss (gain)	15	(18)	45	(54)
Expected return on pension plan assets	(234)	(197)	(700)	(591)
Expected administrative expenses	70	70	210	210
Consolidated net periodic benefit costs	$ 207	$ 244	$ 622	$ 732

11. Earnings Per Share (Deta

11. Earnings Per Share (Details) - Schedule of Restricted Stock and Restricted Stock Units - shares shares in Thousands	Oct. 29, 2017	Jan. 29, 2017
11. Earnings Per Share (Details) - Schedule of Restricted Stock and Restricted Stock Units [Line Items]
Number of Shares Outstanding	35	46
Restricted Stock [Member]
11. Earnings Per Share (Details) - Schedule of Restricted Stock and Restricted Stock Units [Line Items]
Number of Shares Outstanding	16	26
Restricted Stock Units (RSUs) [Member]
11. Earnings Per Share (Details) - Schedule of Restricted Stock and Restricted Stock Units [Line Items]
Number of Shares Outstanding	19	20

11. Earnings Per Share (De50

11. Earnings Per Share (Details) - Schedule of Earnings Per Share, Basic and Diluted - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2017	Oct. 30, 2016	Oct. 29, 2017	Oct. 30, 2016
Schedule of Earnings Per Share, Basic and Diluted [Abstract]
Net income	$ 7,202	$ 6,459	$ 19,726	$ 14,308
Less: Unvested participating restricted stock dividends	2	3	8	8
Net earnings allocated to unvested participating restricted stock	10	14	37	32
Earnings available for common shareholders	$ 7,190	$ 6,442	$ 19,681	$ 14,268
Weighted average shares outstanding for basic earnings per share (in Shares)	11,679	11,537	11,596	11,528
Dilutive effect of unvested restricted stock and RSU awards (in Shares)	21	22	30	28
Weighted average shares outstanding for diluted earnings per share (in Shares)	11,700	11,559	11,626	11,556
Basic earnings per share (in Dollars per share)	$ 0.62	$ 0.56	$ 1.70	$ 1.24
Diluted earnings per share (in Dollars per share)	$ 0.61	$ 0.56	$ 1.69	$ 1.23

12. Income Taxes (Details)

12. Income Taxes (Details) - USD ($)	3 Months Ended		9 Months Ended
	Oct. 29, 2017	Oct. 30, 2016	Oct. 29, 2017	Oct. 30, 2016	Jan. 29, 2017
Income Tax Disclosure [Abstract]
Income Tax Expense (Benefit)	$ 4,006,000	$ 3,453,000	$ 10,574,000	$ 7,737,000
Effective Income Tax Rate Reconciliation, Percent	35.70%	34.80%	34.90%	35.10%
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 129,000		$ 129,000		$ 201,000

13. Segment Information (Detail

13. Segment Information (Details)	9 Months Ended
	Oct. 29, 2017
Segment Reporting [Abstract]
Number of Operating Segments	4

13. Segment Information (Det

13. Segment Information (Details) - Segment Reporting Information - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2017	Oct. 30, 2016	Oct. 29, 2017	Oct. 30, 2016
Segment Reporting Information [Line Items]
Net Sales	$ 157,934	$ 145,298	$ 445,114	$ 403,292
% of Net Sales	100.00%	100.00%	100.00%	100.00%
Gross Profit	$ 34,278	$ 30,926	$ 95,538	$ 86,003
% of Net Sales, Gross Profit	21.70%	21.30%	21.50%	21.30%
Operating Income	$ 11,205	$ 9,939	$ 30,108	$ 22,164
% of Net Sales, Operating Income	7.10%	6.80%	6.80%	5.50%
Capital Expenditures	$ 993	$ 904	$ 2,708	$ 1,905
Depreciation & Amortization	1,702	1,592	4,399	6,340
Casegoods [Member]
Segment Reporting Information [Line Items]
Net Sales	$ 36,373	$ 36,861	$ 104,067	$ 103,372
% of Net Sales	23.00%	25.40%	23.40%	25.60%
Gross Profit	$ 11,346	$ 12,081	$ 32,984	$ 32,897
% of Net Sales, Gross Profit	31.20%	32.80%	31.70%	31.80%
Operating Income	$ 3,990	$ 5,092	$ 11,918	$ 11,514
% of Net Sales, Operating Income	11.00%	13.80%	11.50%	11.10%
Capital Expenditures	$ 268	$ 343	$ 1,259	$ 1,065
Depreciation & Amortization	490	566	1,452	1,650
Upholstery [Member]
Segment Reporting Information [Line Items]
Net Sales	$ 26,701	$ 19,664	$ 71,247	$ 61,404
% of Net Sales	16.90%	13.50%	16.00%	15.20%
Gross Profit	$ 6,190	$ 4,311	$ 17,255	$ 14,029
% of Net Sales, Gross Profit	23.20%	21.90%	24.20%	22.80%
Operating Income	$ 2,199	$ 1,178	$ 6,807	$ 4,256
% of Net Sales, Operating Income	8.20%	6.00%	9.60%	6.90%
Capital Expenditures	$ 145	$ 430	$ 359	$ 638
Depreciation & Amortization	538	253	929	718
Home Meridian International [Member]
Segment Reporting Information [Line Items]
Net Sales	$ 92,068	$ 86,053	$ 262,173	$ 231,391
% of Net Sales	58.30%	59.20%	58.90%	57.40%
Gross Profit	$ 15,808	$ 13,742	$ 42,875	$ 36,865
% of Net Sales, Gross Profit	17.20%	16.00%	16.40%	15.90%
Operating Income	$ 4,607	$ 3,503	$ 10,658	$ 5,956
% of Net Sales, Operating Income	5.00%	4.10%	4.10%	2.60%
Capital Expenditures	$ 580	$ 122	$ 1,090	$ 193
Depreciation & Amortization	673	770	2,012	3,965
Other Segments [Member]
Segment Reporting Information [Line Items]
Net Sales	$ 2,792	$ 2,720	$ 7,627	$ 7,125
% of Net Sales	1.80%	1.90%	1.70%	1.80%
Gross Profit	$ 934	$ 791	$ 2,420	$ 2,204
% of Net Sales, Gross Profit	33.40%	29.10%	31.70%	30.90%
Operating Income	$ 409	$ 165	$ 721	$ 430
% of Net Sales, Operating Income	14.60%	6.10%	9.50%	6.00%
Capital Expenditures	$ 0	$ 9	$ 0	$ 9
Depreciation & Amortization	1	3	6	7
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net Sales	0	0	0	0
Gross Profit	0	1	4	8
Operating Income	$ 0	$ 1	$ 4	$ 8

13. Segment Information (D54

13. Segment Information (Details) - Assets from Segments to Consolidated - USD ($) $ in Thousands	Oct. 29, 2017	Jan. 29, 2017
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	$ 263,860	$ 269,586
% Total Assets	100.00%	100.00%
Consolidated goodwill and intangibles	$ 78,657	$ 49,110
Total consolidated assets	342,517	318,696
Casegoods [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	$ 125,232	$ 130,917
% Total Assets	47.50%	48.60%
Upholstery [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	$ 42,636	$ 31,018
% Total Assets	16.20%	11.50%
Home Meridian International [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	$ 95,483	$ 107,101
% Total Assets	36.20%	39.70%
Other Segments [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	$ 509	$ 554
% Total Assets	0.20%	0.20%
Intersegment Eliminations [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	$ 0	$ (4)
% Total Assets	0.00%	0.00%

13. Segment Information (D55

13. Segment Information (Details) - Revenue from External Customers by Products and Services - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 29, 2017	Oct. 30, 2016	Oct. 29, 2017	Oct. 30, 2016
Revenue from External Customer [Line Items]
Net Sales	$ 157,934	$ 145,298	$ 445,114	$ 403,292
% Total	100.00%	100.00%	100.00%	100.00%
Casegoods [Member]
Revenue from External Customer [Line Items]
Net Sales	$ 115,106	$ 107,994	$ 316,639	$ 286,039
% Total	73.00%	74.00%	71.00%	71.00%
Upholstery [Member]
Revenue from External Customer [Line Items]
Net Sales	$ 42,828	$ 37,304	$ 128,475	$ 117,253
% Total	27.00%	26.00%	29.00%	29.00%

14. Related Party Transactions

14. Related Party Transactions (Details)	Sep. 29, 2017	Oct. 29, 2017USD ($)	Oct. 29, 2017
Related Party Transactions [Abstract]
Number of Real Estate Properties		4	4
Related Party Transaction, Description of Transaction			One of our employees has an ownership interest in the entities that own these properties.
Lessee, Operating Lease, Term of Contract	48 months
Lessee, Finance Lease, Renewal Term	7 years
Number of Leases	4
Operating Leases, Rent Expense (in Dollars)		$ 68,000

15. Subsequent Events (Details)

15. Subsequent Events (Details) - $ / shares	Dec. 07, 2017	Oct. 29, 2017	Oct. 30, 2016	Oct. 29, 2017	Oct. 30, 2016
15. Subsequent Events (Details) [Line Items]
Common Stock, Dividends, Per Share, Declared		$ 0.12	$ 0.10	$ 0.36	$ 0.30
Subsequent Event [Member]
15. Subsequent Events (Details) [Line Items]
Dividends Payable, Date of Record	Dec. 18, 2017
Dividends Payable, Date Declared	Dec. 7, 2017
Common Stock, Dividends, Per Share, Declared	$ 0.14
Dividends Payable, Date to be Paid	Dec. 29, 2017