Hooker Furnishings (HOFT) 10-Q 6 Sep 18 2019 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jul. 29, 2018	Aug. 31, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	Hooker Furniture Corp
Document Type	10-Q
Current Fiscal Year End Date	--01-29
Entity Common Stock, Shares Outstanding		11,785,147
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	Jul. 29, 2018
Document Fiscal Year Focus	2,019
Document Fiscal Period Focus	Q2

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jul. 29, 2018	Jan. 28, 2018
Current assets
Cash and cash equivalents	$ 29,231	$ 30,915
Trade accounts receivable, net	83,584	92,461
Inventories	98,465	84,459
Prepaid expenses and other current assets	6,137	5,314
Total current assets	217,417	213,149
Property, plant and equipment, net	27,647	29,249
Cash surrender value of life insurance policies	23,229	23,622
Deferred taxes	2,494	3,264
Intangible assets, net	36,947	38,139
Goodwill	40,058	40,058
Other assets	2,258	2,235
Total non-current assets	132,633	136,567
Total assets	350,050	349,716
Current liabilities
Current portion of term loans	6,532	7,528
Trade accounts payable	36,987	32,685
Accrued salaries, wages and benefits	7,557	9,218
Income tax accrual	112	3,711
Customer deposits	4,957	3,951
Other accrued expenses	3,659	2,894
Total current liabilities	59,804	59,987
Long term debt	33,031	45,778
Deferred compensation	11,343	11,164
Pension plan	2,366	2,441
Other long-term liabilities	963	886
Total long-term liabilities	47,703	60,269
Total liabilities	107,507	120,256
Shareholders’ equity
Common stock, no par value, 20,000 shares authorized, 11,785 and 11,762 shares issued and outstanding on each date	49,224	48,970
Retained earnings	192,775	180,122
Accumulated other comprehensive income	544	368
Total shareholders’ equity	242,543	229,460
Total liabilities and shareholders’ equity	$ 350,050	$ 349,716

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) - shares shares in Thousands	Jul. 29, 2018	Jan. 28, 2018
Common stock, shares authorized	20,000	20,000
Common stock, shares issued	11,785	11,762
Common stock, shares outstanding	11,785	11,762

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 29, 2018	Jul. 30, 2017	Jul. 29, 2018	Jul. 30, 2017
Net sales	$ 168,661	$ 156,308	$ 311,553	$ 287,180
Cost of sales	133,016	123,191	243,942	225,920
Gross profit	35,645	33,117	67,611	61,260
Selling and administrative expenses	23,184	20,858	45,171	41,428
Intangible asset amortization	596	333	1,192	667
Operating income	11,865	11,926	21,248	19,165
Other income, net	73	368	77	460
Interest expense, net	364	282	745	533
Income before income taxes	11,574	12,012	20,580	19,092
Income tax expense	2,881	4,234	4,730	6,568
Net income	$ 8,693	$ 7,778	$ 15,850	$ 12,524
Basic (in Dollars per share)	$ 0.74	$ 0.67	$ 1.35	$ 1.08
Diluted (in Dollars per share)	$ 0.74	$ 0.67	$ 1.34	$ 1.08
Basic (in Shares)	11,760	11,565	11,755	11,554
Diluted (in Shares)	11,784	11,593	11,775	11,587
Cash dividends declared per share (in Dollars per share)	$ 0.14	$ 0.12	$ 0.28	$ 0.24
Cost of Sales [Member]
Cost of sales	$ 132,516	$ 123,191	$ 243,442	$ 225,920
Casualty Loss [Member]
Cost of sales	$ 500	$ 0	$ 500	$ 0

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)	3 Months Ended		6 Months Ended
	Jul. 29, 2018	Jul. 30, 2017	Jul. 29, 2018	Jul. 30, 2017
Net Income	$ 8,693,000	$ 7,778,000	$ 15,850,000	$ 12,524,000
Amortization of actuarial gain	43,000	15,000	86,000	31,000
Income tax effect on amortization	(10,000)	(6,000)	(21,000)	(11,000)
Adjustments to net periodic benefit cost	33,000	9,000	65,000	20,000
Reclassification of tax effects due to the adoption of ASU 2018-02 (see Note 2)	0	0	111,000	0
Total Comprehensive Income	$ 8,726,000	$ 7,787,000	$ 16,026,000	$ 12,544,000

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jul. 29, 2018	Jul. 30, 2017
Operating Activities:
Net income	$ 15,850	$ 12,524
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	3,689	2,697
Gain on disposal of assets	(48)	(43)
Deferred income tax expense	748	1,234
Noncash restricted stock and performance awards	548	951
(Benefit from)/provision for doubtful accounts and sales allowances	(785)	173
Gain on life insurance policies	(504)	(478)
Changes in assets and liabilities:
Trade accounts receivable	10,633	17,034
Inventories	(14,584)	(6,732)
Prepaid expenses and other current assets	(672)	185
Trade accounts payable	4,281	(9,283)
Accrued salaries, wages, and benefits	(1,804)	(1,559)
Accrued income taxes	(3,719)	(3,371)
Customer deposits	1,007	388
Other accrued expenses	702	313
Deferred compensation	42	(355)
Other long-term liabilities	81	207
Net cash provided by operating activities	15,465	13,885
Investing Activities:
Purchases of property and equipment	(833)	(1,665)
Proceeds received on notes from sale of assets	70	63
Proceeds received on life insurance policies	1,225	0
Premiums paid on life insurance policies	(529)	(550)
Net cash used in investing activities	(67)	(2,152)
Financing Activities:
Payments for long-term debt	(13,786)	(2,929)
Cash dividends paid	(3,296)	(2,778)
Net cash used in financing activities	(17,082)	(5,707)
Net (decrease)/increase in cash and cash equivalents	(1,684)	6,026
Cash and cash equivalents - beginning of year	30,915	39,792
Cash and cash equivalents - end of quarter	29,231	45,818
Supplemental disclosure of cash flow information:
Cash paid for income taxes	7,699	8,705
Cash paid for interest, net	632	489
Non-cash transactions:
Increase in property and equipment through accrued purchases	$ 20	$ 50

1. Preparation of Interim Finan

1. Preparation of Interim Financial Statements	6 Months Ended
	Jul. 29, 2018
Disclosure Text Block [Abstract]
Business Description and Basis of Presentation [Text Block]	1. P reparation 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, except as indicated in Note 2, below. 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. 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 January 28, 2018 (“2018 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 date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from our estimates. Operating results for the interim periods reported herein may not be indicative of the results expected for the fiscal year. On September 29, 2017, we completed the previously disclosed acquisition of substantially all the assets of Shenandoah Furniture, Inc. (the “Shenandoah acquisition”). Thus, the Shenandoah acquisition closed during the third quarter of the 2018 fiscal year. Consequently, Shenandoah’s prior year results are not included in the results discussed in this quarterly report. 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,” “second quarter” or “quarterly period”) that began April 30, 2018, and the twenty-six week period (also referred to as “six months,” “six-month period” or “first half”) that began January 29, 2018, which both ended July 29, 2018. This report discusses our results of operations for this period compared to the thirteen-week period that began May 1, 2017 and the twenty-six week period that began January 30, 2017, which both ended July 30, 2017; and our financial condition as of July 29, 2018 compared to January 28, 2018. References in these notes to the condensed consolidated financial statements of the Company to: ■ the 2019 fiscal year and comparable terminology mean the fiscal year that began January 29, 2018 and will end February 3, 2019; and ■ the 2018 fiscal year and comparable terminology mean the fiscal year that began January 30, 2017 and ended January 28, 2018.

2. Recently Adopted Accounting

2. Recently Adopted Accounting Policies	6 Months Ended
	Jul. 29, 2018
Accounting Changes and Error Corrections [Abstract]
Accounting Changes and Error Corrections [Text Block]	2. Recently Adopted Accounting Policies In February 2018, the FASB issued ASU 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income ”). In May 2017, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2017-09, Compensation – Stock Compensation (Topic 718): Scope of Modification Accounting (“ASU 2017-09”). In March 2017, the FASB issued ASU 2017-07, Compensation – Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805 Clarifying the Definition of a Business In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments Revenue Recognition In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers We adopted ASU No. 2014-09 as of January 29, 2018 using the modified retrospective method. As a result of adopting Topic 606, we recorded an increase to retained earnings of approximately $210,000, net of tax, as of January 29, 2018, due to the cumulative effect related to the change in accounting for shipments with synthetic FOB destination shipping terms. Results for the reporting period beginning after January 29, 2018 are presented under Topic 606, while prior period amounts continue to be reported in accordance with the Company's historic accounting practices under previous guidance. However, given the nature of our products and our sales terms and conditions, with the exception of sales with synthetic FOB destination shipping terms which are immaterial, the timing and amount of revenue recognized based on the underlying principles of ASU No. 2014-09 are consistent with our revenue recognition policy under previous guidance. In accordance with the new guidance, we recognize revenue at an amount that reflects the consideration we expect to be entitled to receive in exchange for transferring goods or services to our customers. Our policy is to record revenue when control of the goods transfers to the customer. We have a present right to payment at the time of shipment as customers are invoiced at that time. We believe the customer obtains control of goods at the time of shipment, which is typically when title passes. While the customer may not enjoy immediate physical possession of the products, the customers’ right to re-direct shipment indicates control. Net sales are comprised of gross revenues from sales of home furnishings and hospitality furniture products less trade discounts and customer allowances. Other revenues, primarily royalties, are immaterial to our overall results. Payment is typically due within 30-60 days of shipment for customers qualifying for payment terms. Collectability is reasonably assured since we extend credit to customers for whom we have performed credit evaluations and/or from whom we have received a down payment or deposit. Due to the highly-customized nature of our hospitality products, we typically require substantial prepayments on these orders, with the balance due within 30 days of delivery. We regularly review and revise accounts receivable for doubtful accounts and customer allowances based upon historical bad debts and customer allowances and any agreements with specific customers. If the financial condition of a customer or customers were to deteriorate, resulting in an impairment of their ability to make payments, additional bad debt allowances may be required. Orders are generally non-cancellable once loaded into a shipping trailer or container. Physical product returns are very rare due to the high probability of damages to our products in return transit. The transaction price for each contract is the stated price of the product, reduced by any stated discounts or allowances at that point in time. We do not engage in sales of products that attach a future material right which could result in a separate performance obligation for the purchase of goods in the future at a material discount. The implicit contract with the customer, as reflected in the order acknowledgement and invoice, states the final terms of the sale, including the description, quantity, and price of each product purchased. The transaction price reflects the amount of estimated consideration to which we expect to be entitled. This amount of variable consideration included in the transaction price, and measurement of net sales, is included in net sales only to the extent that it is probable that there will be no significant reversal in a future period. In the very limited instances when products are sold under consignment arrangements, we do not recognize revenue until control over such products has transferred to the end consumer. We record contract liabilities when we receive partial or full payment prior to fulfilling a performance obligation. Contract liabilities related to revenues are recorded in “Customer Deposits” on the accompanying condensed consolidated balance sheets. We had contract liabilities of $5.0 million as of July 29, 2018. As part of our adoption of Topic 606, we elected the following practical expedients and policy elections: ■ Sales taxes collected are presented on a net basis, consistent with our policy prior to the adoption of Topic 606. Therefore, this will not affect our financial statements or results of operations; ■ Incremental costs of obtaining a contract, namely sales and designer commissions, are recorded as an expense when incurred in selling, general and administrative expenses, since contracts are on an order to order basis and are therefore short-term in nature. This accounting treatment is consistent with our policy prior to the adoption of Topic 606. Therefore, this will not affect our financial statements or results of operations; and ■ Shipping and handling activities are accounted for as fulfillment activities whether they occur before or after the customer obtains control of the goods. This practice is consistent with our policy prior to the adoption of Topic 606. Therefore, this practice will not affect our financial statements or results of operations.

3. Casualty Loss

3. Casualty Loss	6 Months Ended
	Jul. 29, 2018
Casualty Loss [Abstract]
Casualty Loss [Text Block]	3. Casualty Loss On May 18, 2018, the Martinsville/Henry County, Va. area experienced torrential rains. Two of our Hooker Branded segment warehouse facilities were damaged as a result. We believe that the costs associated with the recovery efforts will exceed our insurance deductible of $500,000. Consequently, we recorded a casualty loss of $500,000 during the fiscal 2019 second quarter. We expect that amounts in excess of our deductible will be fully covered by the insurance policy in force at the time of the loss. The casualty loss caused only a nominal disruption in our ability to fulfill and ship orders.

4. Accounts Receivable

4. Accounts Receivable	6 Months Ended
	Jul. 29, 2018
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	4. Accounts Receivable July 29, January 28, 2018 2018 Trade accounts receivable $ 88,842 $ 98,592 Other accounts receivable allowances (4,429 ) (5,117 ) Allowance for doubtful accounts (829 ) (1,014 ) Accounts receivable $ 83,584 $ 92,461

5. Inventories

5. Inventories	6 Months Ended
	Jul. 29, 2018
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	5. Inventories July 29, January 28, 2018 2018 Finished furniture $ 104,650 $ 92,502 Furniture in process 2,897 1,440 Materials and supplies 9,509 8,780 Inventories at FIFO 117,056 102,722 Reduction to LIFO basis (18,591 ) (18,263 ) Inventories $ 98,465 $ 84,459

6. Property, Plant and Equipmen

6. Property, Plant and Equipment	6 Months Ended
	Jul. 29, 2018
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	6. Property, Plant and Equipment Depreciable Lives July 29, January 28, (In years) 2018 2018 Buildings and land improvements 15 - 30 $ 24,435 $ 24,298 Computer software and hardware 3 - 10 18,457 18,302 Machinery and equipment 10 8,725 8,586 Leasehold improvements Term of lease 9,108 8,982 Furniture and fixtures 3 - 10 2,230 2,186 Other 5 626 612 Total depreciable property at cost 63,581 62,966 Less accumulated depreciation 37,532 35,100 Total depreciable property, net 26,049 27,866 Land 1,067 1,067 Construction-in-progress 531 316 Property, plant and equipment, net $ 27,647 $ 29,249

7. Fair Value Measurements

7. Fair Value Measurements	6 Months Ended
	Jul. 29, 2018
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	7. 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 July 29, 2018 and January 28, 2018, 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 28, 2018, the assets of the Home Meridian segment’s legacy Pension Plan (the “Pension Plan”) 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, 2018, the date of the latest actuarial valuation, Pension Plan assets were netted against the Plan’s Projected Benefit Obligation (“PBO”) on that date to determine the Pension Plan’s funded status. Since the PBO exceeded the market value of the Pension Plan’s assets, the funded status is recorded in our condensed consolidated balance sheets as a net liability. As of July 29, 2018, the net liability for this plan was $2.4 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, 2018. See Note 10. Employee Benefit Plans for additional information about the Plan. Our assets measured at fair value on a recurring basis at July 29, 2018 and January 28, 2018, were as follows: Fair value at July 29, 2018 Fair value at January 28, 2018 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 $ - $ 23,229 $ - $ 23,229 $ - $ 23,622 $ - $ 23,622 Pension Plan assets* 8,757 - - 8,757 8,757 - - 8,757 * as of January 28, 2018 for Pension Plan assets.

8. Intangible Assets

8. Intangible Assets	6 Months Ended
	Jul. 29, 2018
Disclosure Text Block [Abstract]
Intangible Assets Disclosure [Text Block]	8. Intangible Assets July 29, January 28, Non-amortizable Intangible Assets Segment 2018 2018 Goodwill Home Meridian $ 23,187 $ 23,187 Goodwill All Other 16,871 16,871 Total Goodwill 40,058 40,058 Trademarks and trade names - Home Meridian Home Meridian 11,400 11,400 Trademarks and trade names - Bradington-Young All Other 861 861 Trademarks and trade names - Sam Moore All Other 396 396 Total Trademarks and trade names $ 12,657 $ 12,657 Total non-amortizable assets $ 52,715 $ 52,715 Our amortizable intangible assets are recorded in our Home Meridian segment and All Other. The carrying amounts and changes therein of those amortizable intangible assets were as follows: Amortizable Intangible Assets Customer Relationships Trademarks Totals Balance at January 28, 2018 $ 24,644 $ 838 $ 25,482 Amortization (1,162 ) (30 ) (1,192 ) Balance at July 29, 2018 $ 23,482 $ 808 $ 24,290 For the remainder of fiscal 2019, amortization expense is expected to be approximately $596,000 per quarter.

9. Long-Term Debt

9. Long-Term Debt	6 Months Ended
	Jul. 29, 2018
Disclosure Text Block [Abstract]
Long-term Debt [Text Block]	9. Long-Term Debt We made an unscheduled $10 million payment during the first quarter of fiscal 2019 towards the amounts outstanding under the New Unsecured Term Loan. Consequently, we wrote off $6,000 in capitalized debt issuance costs to interest expense. As of July 29, 2018, unamortized debt issuance costs of $76,000 were netted against the carrying value of our term loans on our condensed consolidated balance sheets. As of July 29, 2018, we had an aggregate $28.5 million available under our 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 the revolving credit facility as of July 29, 2018. There were no additional borrowings outstanding under the revolving credit facility as of July 29, 2018.

10. Employee Benefit Plans

10. Employee Benefit Plans	6 Months Ended
	Jul. 29, 2018
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 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 participants 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 Twenty-Six Weeks Ended July 29, July 30, July 29, July 30, 2018 2017 2018 2017 Net periodic benefit costs Service cost 81 76 163 152 Interest cost 206 280 413 559 Actuarial loss 43 15 86 31 Expected return on pension plan assets (144 ) (234 ) (288 ) (467 ) Expected administrative expenses 70 70 140 140 Consolidated net periodic benefit costs $ 256 $ 207 $ 514 $ 415 We adopted ASU 2017-07 as of the beginning of our 2019 fiscal year on January 29, 2018. Components of net periodic benefit cost other than the service cost for the SRIP, SERP and the Pension Plan are included in the line item “Other income, net” in our condensed consolidated statements of income. Service cost is included in our condensed consolidated statements of income under “Selling and administrative expenses”. The adoption resulted in the reclassification of $131,000 and $262,000 expense from Selling and administrative expenses to Other income, net in the second quarter and first half of our fiscal 2018 condensed consolidated statements of income. The expected long-term rate of return on Pension Plan assets is 6.9% as of We contributed $110,000 in required contributions to the Pension Plan in the fiscal 2019 first half. Subsequent to the end of the fiscal 2019 second quarter, we made an additional contribution of $3 million to the Pension Plan. See Note 14 “Subsequent Events” for additional information. The SRIP and SERP plans are unfunded plans. Consequently, we expect to pay a total of approximately $349,000 in benefit payments from our general assets during the remainder of fiscal 2019 to fund SRIP and SERP payments.

11. Earnings Per Share

11. Earnings Per Share	6 Months Ended
	Jul. 29, 2018
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 2018 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: July 29, January 28, 2018 2018 Restricted shares 22 16 Restricted stock units 14 19 36 35 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 July 29, July 30, July 29, July 30, 2018 2017 2018 2017 Net income $ 8,693 $ 7,778 $ 15,850 $ 12,524 Less: Unvested participating restricted stock dividends 3 3 5 6 Net earnings allocated to unvested participating restricted stock 16 16 24 27 Earnings available for common shareholders 8,674 7,759 15,821 12,491 Weighted average shares outstanding for basic earnings per share 11,760 11,565 11,755 11,554 Dilutive effect of unvested restricted stock and RSU awards 24 28 20 33 Weighted average shares outstanding for diluted earnings per share 11,784 11,593 11,775 11,587 Basic earnings per share $ 0.74 $ 0.67 $ 1.35 $ 1.08 Diluted earnings per share $ 0.74 $ 0.67 $ 1.34 $ 1.08

12. Income Taxes

12. Income Taxes	6 Months Ended
	Jul. 29, 2018
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	12. Income Taxes We recorded income tax expense of $2.9 million for the fiscal 2019 second quarter compared to $4.2 million for the comparable prior year period. The effective tax rates for the fiscal 2019 and 2018 second quarters were 24.9% and 35.2%, respectively. The effective tax rates for the first half of fiscal 2019 and 2018 were 23.0% and 34.4%, respectively. Our effective tax rate was lower in the fiscal 2019 second quarter and first half as a result of the recently enacted Tax Cuts and Job Act. We adopted ASU 2014-09 and 2018-02 in the first quarter of fiscal 2019. The adoptions resulted in the reclassification of $120,000 from federal tax payable and $111,000 from Accumulated Other Comprehensive Income, both to retained earnings. The net unrecognized tax benefits as of July 29, 2018 and January 28, 2018, which, if recognized, would affect our effective tax rate are $81,000 and $80,000, respectively. Tax years ending February 1, 2015 through January 28, 2018 remain subject to examination by federal and state taxing authorities.

13. Segment Information

13. Segment Information	6 Months Ended
	Jul. 29, 2018
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	13. Segment Information As a public reporting 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 ASC 280 Segments ■ 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. We continually monitor our reportable segments for changes in facts and circumstances to determine whether changes in the identification or aggregation of operating segments are necessary. In the fourth quarter of fiscal 2018, we updated our reportable segments as follows: Hooker Upholstery was aggregated with Hooker Casegoods and reported as the Hooker Branded segment. The domestic upholstery operations of Shenandoah Furniture, Sam Moore and Bradington-Young were moved into All Other with the Company’s H Contract business and the remains of the Company’s Homeware division, which was shuttered earlier in fiscal 2018. The Home Meridian segment remains unchanged. Therefore, for financial reporting purposes, we are organized into two reportable segments and “All Other”, which includes the remainder of our businesses: ■ Hooker Branded ■ Home Meridian ■ All Other The following table presents segment information for the periods, and as of the dates, indicated: Thirteen Weeks Ended Twenty-Six Weeks Ended July 29, 2018 July 30, 2017 July 29, 2018 July 30, 2017 % Net % Net % Net % Net Net Sales Sales Sales Sales Sales Hooker Branded $ 40,551 24.0 % $ 40,889 26.2 % $ 83,322 26.7 % $ 78,361 27.3 % Home Meridian 101,022 59.9 % 96,403 61.7 % 171,618 55.1 % 170,105 59.2 % All Other 27,088 16.1 % 19,016 12.2 % 56,613 18.2 % 38,714 13.5 % Consolidated $ 168,661 100.0 % $ 156,308 100.0 % $ 311,553 100.0 % $ 287,180 100.0 % Gross Profit Hooker Branded $ 12,616 31.1 % $ 12,547 30.7 % $ 27,038 32.5 % $ 25,081 32.0 % Home Meridian 17,398 17.2 % 16,061 16.7 % 27,814 16.2 % 27,067 15.9 % All Other 5,631 20.8 % 4,509 23.7 % 12,759 22.5 % 9,112 23.5 % Consolidated $ 35,645 21.1 % $ 33,117 21.2 % $ 67,611 21.7 % $ 61,260 21.3 % Operating Income Hooker Branded $ 4,943 12.2 % $ 5,133 12.6 % $ 11,669 14.0 % $ 10,083 12.9 % Home Meridian 5,628 5.6 % 5,265 5.5 % 5,339 3.1 % 6,111 3.6 % All Other 1,294 4.8 % 1,528 8.0 % 4,240 7.5 % 2,971 7.7 % Consolidated $ 11,865 7.0 % $ 11,926 7.6 % $ 21,248 6.8 % $ 19,165 6.7 % Capital Expenditures Hooker Branded $ 168 $ 464 $ 378 $ 966 Home Meridian 122 190 158 492 All Other 173 144 297 207 Consolidated $ 463 $ 798 $ 833 $ 1,665 Depreciation & Amortization Hooker Branded $ 496 $ 479 $ 980 $ 983 Home Meridian 601 663 1,192 1,318 All Other 764 196 1,517 396 Consolidated $ 1,861 $ 1,338 $ 3,689 $ 2,697 As of July 29, As of January 28, 2018 %Total 2018 %Total Identifiable Assets Assets Assets Hooker Branded $ 130,937 48.0 % $ 129,986 47.8 % Home Meridian 106,959 39.2 % 107,139 39.6 % All Other 35,149 12.9 % 34,394 12.6 % Consolidated $ 273,045 100.0 % $ 271,519 100.0 % Consolidated Goodwill and Intangibles 77,005 78,197 Total Consolidated Assets $ 350,050 $ 349,716 Sales by product type are as follows: Net Sales (in thousands) Thirteen Weeks Ended Twenty-Six Weeks Ended July 29, 2018 %Total July 30, 2017 %Total July 29, 2018 %Total July 30, 2017 %Total Casegoods $ 105,703 63 % $ 97,210 62 % $ 195,759 63 % $ 186,223 65 % Upholstery 62,958 37 % 59,098 38 % 115,794 37 % 100,957 35 % $ 168,661 $ 156,308 100 % $ 311,553 $ 287,180 100 %

14. Subsequent Events

14. Subsequent Events	6 Months Ended
	Jul. 29, 2018
Subsequent Events [Abstract]
Subsequent Events [Text Block]	14. Subsequent Events Dividends On August 30, 2018, our board of directors declared a quarterly cash dividend of $0.14 per share, payable on September 28, 2018 to shareholders of record at September 14, 2018. Additional Funding of Pension Plan On September 5, 2018, we made an additional $3 million contribution to the Pension Plan as part of a Pension Plan asset de-risking strategy. As part of this strategy, Pension Plan assets will be moved into generally lower risk investments to preserve asset value. No benefits have accrued under the Pension Plan since it was frozen in March 1995. We expect savings from reduced Pension Plan administrative costs and PBGC premiums as a result of this contribution.

4. Accounts Receivable (Tables)

4. Accounts Receivable (Tables)	6 Months Ended
	Jul. 29, 2018
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	July 29, January 28, 2018 2018 Trade accounts receivable $ 88,842 $ 98,592 Other accounts receivable allowances (4,429 ) (5,117 ) Allowance for doubtful accounts (829 ) (1,014 ) Accounts receivable $ 83,584 $ 92,461

5. Inventories (Tables)

5. Inventories (Tables)	6 Months Ended
	Jul. 29, 2018
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	July 29, January 28, 2018 2018 Finished furniture $ 104,650 $ 92,502 Furniture in process 2,897 1,440 Materials and supplies 9,509 8,780 Inventories at FIFO 117,056 102,722 Reduction to LIFO basis (18,591 ) (18,263 ) Inventories $ 98,465 $ 84,459

6. Property, Plant and Equipm23

6. Property, Plant and Equipment (Tables)	6 Months Ended
	Jul. 29, 2018
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	Depreciable Lives July 29, January 28, (In years) 2018 2018 Buildings and land improvements 15 - 30 $ 24,435 $ 24,298 Computer software and hardware 3 - 10 18,457 18,302 Machinery and equipment 10 8,725 8,586 Leasehold improvements Term of lease 9,108 8,982 Furniture and fixtures 3 - 10 2,230 2,186 Other 5 626 612 Total depreciable property at cost 63,581 62,966 Less accumulated depreciation 37,532 35,100 Total depreciable property, net 26,049 27,866 Land 1,067 1,067 Construction-in-progress 531 316 Property, plant and equipment, net $ 27,647 $ 29,249

7. Fair Value Measurements (Tab

7. Fair Value Measurements (Tables)	6 Months Ended
	Jul. 29, 2018
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 July 29, 2018 and January 28, 2018, were as follows: Fair value at July 29, 2018 Fair value at January 28, 2018 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 $ - $ 23,229 $ - $ 23,229 $ - $ 23,622 $ - $ 23,622 Pension Plan assets* 8,757 - - 8,757 8,757 - - 8,757 * as of January 28, 2018 for Pension Plan assets.

8. Intangible Assets (Tables)

8. Intangible Assets (Tables)	6 Months Ended
	Jul. 29, 2018
Disclosure Text Block [Abstract]
Schedule of Indefinite-Lived Intangible Assets [Table Text Block]	July 29, January 28, Non-amortizable Intangible Assets Segment 2018 2018 Goodwill Home Meridian $ 23,187 $ 23,187 Goodwill All Other 16,871 16,871 Total Goodwill 40,058 40,058 Trademarks and trade names - Home Meridian Home Meridian 11,400 11,400 Trademarks and trade names - Bradington-Young All Other 861 861 Trademarks and trade names - Sam Moore All Other 396 396 Total Trademarks and trade names $ 12,657 $ 12,657 Total non-amortizable assets $ 52,715 $ 52,715
Schedule of Finite-Lived Intangible Assets [Table Text Block]	Our amortizable intangible assets are recorded in our Home Meridian segment and All Other. The carrying amounts and changes therein of those amortizable intangible assets were as follows: Amortizable Intangible Assets Customer Relationships Trademarks Totals Balance at January 28, 2018 $ 24,644 $ 838 $ 25,482 Amortization (1,162 ) (30 ) (1,192 ) Balance at July 29, 2018 $ 23,482 $ 808 $ 24,290

10. Employee Benefit Plans (Tab

10. Employee Benefit Plans (Tables)	6 Months Ended
	Jul. 29, 2018
Retirement Benefits [Abstract]
Schedule of Net Benefit Costs [Table Text Block]	The SRIP, SERP and Pension Plan are all “frozen” and we do not expect to add additional participants 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 Twenty-Six Weeks Ended July 29, July 30, July 29, July 30, 2018 2017 2018 2017 Net periodic benefit costs Service cost 81 76 163 152 Interest cost 206 280 413 559 Actuarial loss 43 15 86 31 Expected return on pension plan assets (144 ) (234 ) (288 ) (467 ) Expected administrative expenses 70 70 140 140 Consolidated net periodic benefit costs $ 256 $ 207 $ 514 $ 415

11. Earnings Per Share (Tables)

11. Earnings Per Share (Tables)	6 Months Ended
	Jul. 29, 2018
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: July 29, January 28, 2018 2018 Restricted shares 22 16 Restricted stock units 14 19 36 35
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 July 29, July 30, July 29, July 30, 2018 2017 2018 2017 Net income $ 8,693 $ 7,778 $ 15,850 $ 12,524 Less: Unvested participating restricted stock dividends 3 3 5 6 Net earnings allocated to unvested participating restricted stock 16 16 24 27 Earnings available for common shareholders 8,674 7,759 15,821 12,491 Weighted average shares outstanding for basic earnings per share 11,760 11,565 11,755 11,554 Dilutive effect of unvested restricted stock and RSU awards 24 28 20 33 Weighted average shares outstanding for diluted earnings per share 11,784 11,593 11,775 11,587 Basic earnings per share $ 0.74 $ 0.67 $ 1.35 $ 1.08 Diluted earnings per share $ 0.74 $ 0.67 $ 1.34 $ 1.08

13. Segment Information (Tables

13. Segment Information (Tables)	6 Months Ended
	Jul. 29, 2018
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 July 29, 2018 July 30, 2017 July 29, 2018 July 30, 2017 % Net % Net % Net % Net Net Sales Sales Sales Sales Sales Hooker Branded $ 40,551 24.0 % $ 40,889 26.2 % $ 83,322 26.7 % $ 78,361 27.3 % Home Meridian 101,022 59.9 % 96,403 61.7 % 171,618 55.1 % 170,105 59.2 % All Other 27,088 16.1 % 19,016 12.2 % 56,613 18.2 % 38,714 13.5 % Consolidated $ 168,661 100.0 % $ 156,308 100.0 % $ 311,553 100.0 % $ 287,180 100.0 % Gross Profit Hooker Branded $ 12,616 31.1 % $ 12,547 30.7 % $ 27,038 32.5 % $ 25,081 32.0 % Home Meridian 17,398 17.2 % 16,061 16.7 % 27,814 16.2 % 27,067 15.9 % All Other 5,631 20.8 % 4,509 23.7 % 12,759 22.5 % 9,112 23.5 % Consolidated $ 35,645 21.1 % $ 33,117 21.2 % $ 67,611 21.7 % $ 61,260 21.3 % Operating Income Hooker Branded $ 4,943 12.2 % $ 5,133 12.6 % $ 11,669 14.0 % $ 10,083 12.9 % Home Meridian 5,628 5.6 % 5,265 5.5 % 5,339 3.1 % 6,111 3.6 % All Other 1,294 4.8 % 1,528 8.0 % 4,240 7.5 % 2,971 7.7 % Consolidated $ 11,865 7.0 % $ 11,926 7.6 % $ 21,248 6.8 % $ 19,165 6.7 % Capital Expenditures Hooker Branded $ 168 $ 464 $ 378 $ 966 Home Meridian 122 190 158 492 All Other 173 144 297 207 Consolidated $ 463 $ 798 $ 833 $ 1,665 Depreciation & Amortization Hooker Branded $ 496 $ 479 $ 980 $ 983 Home Meridian 601 663 1,192 1,318 All Other 764 196 1,517 396 Consolidated $ 1,861 $ 1,338 $ 3,689 $ 2,697
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 July 29, As of January 28, 2018 %Total 2018 %Total Identifiable Assets Assets Assets Hooker Branded $ 130,937 48.0 % $ 129,986 47.8 % Home Meridian 106,959 39.2 % 107,139 39.6 % All Other 35,149 12.9 % 34,394 12.6 % Consolidated $ 273,045 100.0 % $ 271,519 100.0 % Consolidated Goodwill and Intangibles 77,005 78,197 Total Consolidated Assets $ 350,050 $ 349,716
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 Twenty-Six Weeks Ended July 29, 2018 %Total July 30, 2017 %Total July 29, 2018 %Total July 30, 2017 %Total Casegoods $ 105,703 63 % $ 97,210 62 % $ 195,759 63 % $ 186,223 65 % Upholstery 62,958 37 % 59,098 38 % 115,794 37 % 100,957 35 % $ 168,661 $ 156,308 100 % $ 311,553 $ 287,180 100 %

2. Recently Adopted Accountin29

2. Recently Adopted Accounting Policies (Details) - USD ($)	3 Months Ended			6 Months Ended		12 Months Ended
	Jul. 29, 2018	Apr. 29, 2018	Jul. 30, 2017	Jul. 29, 2018	Jul. 30, 2017	Jan. 28, 2018
Accounting Changes and Error Corrections [Abstract]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent		21.00%				35.00%
Reclassification from AOCI, Current Period, Tax	$ 0	$ 111,000	$ 0	$ 111,000	$ 0
Cumulative Effect on Retained Earnings, Net of Tax		210,000
Contract with Customer, Liability		$ 5,000,000

3. Casualty Loss (Details)

3. Casualty Loss (Details)	May 18, 2018USD ($)
Casualty Loss [Abstract]
Number of Warehouses	2
Insurance Deductible	$ 500,000
Casualty Loss	$ 500,000

4. Accounts Receivable

4. Accounts Receivable (Details) - Schedule of Accounts, Notes, Loans and Financing Receivable - USD ($) $ in Thousands	Jul. 29, 2018	Jan. 28, 2018
Schedule of Accounts, Notes, Loans and Financing Receivable [Abstract]
Trade accounts receivable	$ 88,842	$ 98,592
Other accounts receivable allowances	(4,429)	(5,117)
Allowance for doubtful accounts	(829)	(1,014)
Accounts receivable	$ 83,584	$ 92,461

5. Inventories (Details) - S

5. Inventories (Details) - Schedule of Inventory, Current - USD ($) $ in Thousands	Jul. 29, 2018	Jan. 28, 2018
Schedule of Inventory, Current [Abstract]
Finished furniture	$ 104,650	$ 92,502
Furniture in process	2,897	1,440
Materials and supplies	9,509	8,780
Inventories at FIFO	117,056	102,722
Reduction to LIFO basis	(18,591)	(18,263)
Inventories	$ 98,465	$ 84,459

6. Property, Plant and

6. Property, Plant and Equipment (Details) - Property, Plant and Equipment - USD ($) $ in Thousands	6 Months Ended
	Jul. 29, 2018	Jan. 28, 2018
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 63,581	$ 62,966
Less accumulated depreciation	37,532	35,100
Total depreciable property, net	26,049	27,866
Land	1,067	1,067
Construction-in-progress	531	316
Property, plant and equipment, net	27,647	29,249
Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	24,435	24,298
Computer Software and Hardware [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	18,457	18,302
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 8,725	8,586
Property, Plant and Equipment, Depreciable Lives	10
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 9,108	8,982
Property, Plant and Equipment, Depreciable Lives	Term of lease
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 2,230	2,186
Property, Plant and Equipment, Other Types [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 626	$ 612
Property, Plant and Equipment, Depreciable Lives	5
Minimum [Member] | Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Depreciable Lives	15
Minimum [Member] | Computer Software and Hardware [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Depreciable Lives	3
Minimum [Member] | Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Depreciable Lives	3
Maximum [Member] | Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Depreciable Lives	30
Maximum [Member] | Computer Software and Hardware [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Depreciable Lives	10
Maximum [Member] | Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Depreciable Lives	10

7. Fair Value Measurements (Det

7. Fair Value Measurements (Details) $ in Millions	Jul. 29, 2018USD ($)
Pension Plan [Member]
7. Fair Value Measurements (Details) [Line Items]
Liability, Defined Benefit Pension Plan	$ 2.4

7. Fair Value Measurem

7. Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis - USD ($) $ in Thousands		Jul. 29, 2018	Jan. 28, 2018
Assets measured at fair value
Company-owned life insurance		$ 23,229	$ 23,622
Pension Plan assets	[1]	8,757	8,757
Fair Value, Inputs, Level 1 [Member]
Assets measured at fair value
Company-owned life insurance		0	0
Pension Plan assets	[1]	8,757	8,757
Fair Value, Inputs, Level 2 [Member]
Assets measured at fair value
Company-owned life insurance		23,229	23,622
Pension Plan assets	[1]	0	0
Fair Value, Inputs, Level 3 [Member]
Assets measured at fair value
Company-owned life insurance		0	0
Pension Plan assets	[1]	$ 0	$ 0
[1]	as of January 28, 2018 for Pension Plan assets.

8. Intangible Assets (Details)

8. Intangible Assets (Details)	Jul. 29, 2018USD ($)
Disclosure Text Block [Abstract]
Finite-Lived Intangible Assets, Amortization Expense, Remainder of Fiscal Year	$ 596,000

8. Intangible Assets (

8. Intangible Assets (Details) - Schedule of Indefinite-Lived Intangible Assets - USD ($) $ in Thousands	Jul. 29, 2018	Jan. 28, 2018
Indefinite-lived Intangible Assets [Line Items]
Goodwill	$ 40,058	$ 40,058
Total non-amortizable assets	52,715	52,715
Trademarks and Trade Names [Member]
Indefinite-lived Intangible Assets [Line Items]
Trademarks and trade names	12,657	12,657
Home Meridian International [Member] | Trademarks and Trade Names [Member]
Indefinite-lived Intangible Assets [Line Items]
Trademarks and trade names	11,400	11,400
Bradington-Young [Member] | Trademarks and Trade Names [Member]
Indefinite-lived Intangible Assets [Line Items]
Trademarks and trade names	861	861
Sam Moore [Member] | Trademarks and Trade Names [Member]
Indefinite-lived Intangible Assets [Line Items]
Trademarks and trade names	396	396
Goodwill [Member]
Indefinite-lived Intangible Assets [Line Items]
Goodwill	40,058	40,058
Goodwill [Member] | Home Meridian International [Member]
Indefinite-lived Intangible Assets [Line Items]
Goodwill	23,187	23,187
Goodwill [Member] | Other Segments [Member]
Indefinite-lived Intangible Assets [Line Items]
Goodwill	$ 16,871	$ 16,871

8. Intangible Assets38

8. Intangible Assets (Details) - Schedule of Finite-Lived Intangible Assets - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 29, 2018	Jul. 30, 2017	Jul. 29, 2018	Jul. 30, 2017
Finite-Lived Intangible Assets [Line Items]
Amortization	$ (596)	$ (333)	$ (1,192)	$ (667)
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Balance			24,644
Amortization			(1,162)
Balance	23,482		23,482
Order or Production Backlog [Member]
Finite-Lived Intangible Assets [Line Items]
Balance			838
Amortization			(30)
Balance	808		808
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Balance			25,482
Amortization			(1,192)
Balance	$ 24,290		$ 24,290

9. Long-Term Debt (Details)

9. Long-Term Debt (Details) - USD ($)	6 Months Ended
	Jul. 29, 2018	Jul. 30, 2017
9. Long-Term Debt (Details) [Line Items]
Repayments of Long-term Debt	$ 13,786,000	$ 2,929,000
Revolving Credit Facility [Member]
9. Long-Term Debt (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	28,500,000
Standby Letters of Credit [Member]
9. Long-Term Debt (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	1,500,000
Unsecured Debt [Member] | Unsecured Term Loan [Member]
9. Long-Term Debt (Details) [Line Items]
Repayments of Long-term Debt	10,000,000
Unsecured Debt [Member] | New Unsecured Term Loan [Member]
9. Long-Term Debt (Details) [Line Items]
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	76,000
Secured Debt [Member]
9. Long-Term Debt (Details) [Line Items]
Interest and Debt Expense	$ 6,000

10. Employee Benefit Plans (Det

10. Employee Benefit Plans (Details)	Aug. 29, 2018USD ($)	Apr. 29, 2018	Jul. 30, 2017USD ($)	Jul. 29, 2018USD ($)	Jul. 30, 2017USD ($)	Jan. 28, 2018
10. Employee Benefit Plans (Details) [Line Items]
Defined Benefit Plan, Expected Future Benefit Payment, Remainder of Fiscal Year				$ 349,000
Subsequent Event [Member]
10. Employee Benefit Plans (Details) [Line Items]
Payment for Pension Benefits	$ 3,000,000
Pension Plan [Member]
10. Employee Benefit Plans (Details) [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate						6.90%
Payment for Pension Benefits				$ 110,000
Prior Period Adjustment from Adoption of ASU 2017-07 [Member]
10. Employee Benefit Plans (Details) [Line Items]
Prior Period Reclassification Adjustment			$ 131,000		$ 262,000
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

10. Employee Benefit Plans

10. Employee Benefit Plans (Details) - Schedule of Net Benefit Costs - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 29, 2018	Jul. 30, 2017	Jul. 29, 2018	Jul. 30, 2017
Net periodic benefit costs
Service cost	$ 81	$ 76	$ 163	$ 152
Interest cost	206	280	413	559
Actuarial loss	43	15	86	31
Expected return on pension plan assets	(144)	(234)	(288)	(467)
Expected administrative expenses	70	70	140	140
Consolidated net periodic benefit costs	$ 256	$ 207	$ 514	$ 415

11. Earnings Per Share

11. Earnings Per Share (Details) - Schedule of Restricted Stock and Restricted Stock Units - shares shares in Thousands	Jul. 29, 2018	Jan. 28, 2018
11. Earnings Per Share (Details) - Schedule of Restricted Stock and Restricted Stock Units [Line Items]
Number of Shares Outstanding	36	35
Restricted Stock [Member]
11. Earnings Per Share (Details) - Schedule of Restricted Stock and Restricted Stock Units [Line Items]
Number of Shares Outstanding	22	16
Restricted Stock Units (RSUs) [Member]
11. Earnings Per Share (Details) - Schedule of Restricted Stock and Restricted Stock Units [Line Items]
Number of Shares Outstanding	14	19

11. Earnings Per Sha43

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		6 Months Ended
	Jul. 29, 2018	Jul. 30, 2017	Jul. 29, 2018	Jul. 30, 2017
Schedule of Earnings Per Share, Basic and Diluted [Abstract]
Net income	$ 8,693	$ 7,778	$ 15,850	$ 12,524
Less: Unvested participating restricted stock dividends	3	3	5	6
Net earnings allocated to unvested participating restricted stock	16	16	24	27
Earnings available for common shareholders	$ 8,674	$ 7,759	$ 15,821	$ 12,491
Weighted average shares outstanding for basic earnings per share (in Shares)	11,760	11,565	11,755	11,554
Dilutive effect of unvested restricted stock and RSU awards (in Shares)	24	28	20	33
Weighted average shares outstanding for diluted earnings per share (in Shares)	11,784	11,593	11,775	11,587
Basic earnings per share (in Dollars per share)	$ 0.74	$ 0.67	$ 1.35	$ 1.08
Diluted earnings per share (in Dollars per share)	$ 0.74	$ 0.67	$ 1.34	$ 1.08

12. Income Taxes (Details)

12. Income Taxes (Details) - USD ($)	3 Months Ended			6 Months Ended
	Jul. 29, 2018	Apr. 29, 2018	Jul. 30, 2017	Jul. 29, 2018	Jul. 30, 2017	Jan. 28, 2018
12. Income Taxes (Details) [Line Items]
Income Tax Expense (Benefit)	$ 2,881,000		$ 4,234,000	$ 4,730,000	$ 6,568,000
Effective Income Tax Rate Reconciliation, Percent	24.90%		35.20%	23.00%	34.40%
Reclassification from AOCI, Current Period, Tax	$ 0	$ 111,000	$ 0	$ 111,000	$ 0
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 80,000			80,000		$ 81,000
Prior Period Adjustments for Adoption of ASU 2017-09 [Member]
12. Income Taxes (Details) [Line Items]
Prior Period Reclassification Adjustment				$ 120,000

13. Segment Information (Detail

13. Segment Information (Details)	6 Months Ended
	Jul. 29, 2018
Segment Reporting [Abstract]
Number of Reportable Segments	2

13. Segment Informatio

13. Segment Information (Details) - Segment Reporting Information - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 29, 2018	Jul. 30, 2017	Jul. 29, 2018	Jul. 30, 2017
Segment Reporting Information [Line Items]
Net Sales	$ 168,661	$ 156,308	$ 311,553	$ 287,180
% of Net Sales	100.00%	100.00%	100.00%	100.00%
Gross Profit
Gross Profit	$ 35,645	$ 33,117	$ 67,611	$ 61,260
% of Net Sales, Gross Profit	21.10%	21.20%	21.70%	21.30%
Operating Income
Operating Income	$ 11,865	$ 11,926	$ 21,248	$ 19,165
% of Net Sales, Operating Income	7.00%	7.60%	6.80%	6.70%
Capital Expenditures
Capital Expenditures	$ 463	$ 798	$ 833	$ 1,665
Depreciation & Amortization
Depreciation & Amortization	1,861	1,338	3,689	2,697
Hooker Branded [Member]
Segment Reporting Information [Line Items]
Net Sales	$ 40,551	$ 40,889	$ 83,322	$ 78,361
% of Net Sales	24.00%	26.20%	26.70%	27.30%
Gross Profit
Gross Profit	$ 12,616	$ 12,547	$ 27,038	$ 25,081
% of Net Sales, Gross Profit	31.10%	30.70%	32.50%	32.00%
Operating Income
Operating Income	$ 4,943	$ 5,133	$ 11,669	$ 10,083
% of Net Sales, Operating Income	12.20%	12.60%	14.00%	12.90%
Capital Expenditures
Capital Expenditures	$ 168	$ 464	$ 378	$ 966
Depreciation & Amortization
Depreciation & Amortization	496	479	980	983
Home Meridian International [Member]
Segment Reporting Information [Line Items]
Net Sales	$ 101,022	$ 96,403	$ 171,618	$ 170,105
% of Net Sales	59.90%	61.70%	55.10%	59.20%
Gross Profit
Gross Profit	$ 17,398	$ 16,061	$ 27,814	$ 27,067
% of Net Sales, Gross Profit	17.20%	16.70%	16.20%	15.90%
Operating Income
Operating Income	$ 5,628	$ 5,265	$ 5,339	$ 6,111
% of Net Sales, Operating Income	5.60%	5.50%	3.10%	3.60%
Capital Expenditures
Capital Expenditures	$ 122	$ 190	$ 158	$ 492
Depreciation & Amortization
Depreciation & Amortization	601	663	1,192	1,318
Other Segments [Member]
Segment Reporting Information [Line Items]
Net Sales	$ 27,088	$ 19,016	$ 56,613	$ 38,714
% of Net Sales	16.10%	12.20%	18.20%	13.50%
Gross Profit
Gross Profit	$ 5,631	$ 4,509	$ 12,759	$ 9,112
% of Net Sales, Gross Profit	20.80%	23.70%	22.50%	23.50%
Operating Income
Operating Income	$ 1,294	$ 1,528	$ 4,240	$ 2,971
% of Net Sales, Operating Income	4.80%	8.00%	7.50%	7.70%
Capital Expenditures
Capital Expenditures	$ 173	$ 144	$ 297	$ 207
Depreciation & Amortization
Depreciation & Amortization	$ 764	$ 196	$ 1,517	$ 396

13. Segment Informat47

13. Segment Information (Details) - Assets from Segments to Consolidated - USD ($) $ in Thousands	Jul. 29, 2018	Jan. 28, 2018
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	$ 273,045	$ 271,519
% Total Assets	100.00%	100.00%
Consolidated Goodwill and Intangibles	$ 77,005	$ 78,197
Total Consolidated Assets	350,050	349,716
Hooker Branded [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	$ 130,937	$ 129,986
% Total Assets	48.00%	47.80%
Home Meridian International [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	$ 106,959	$ 107,139
% Total Assets	39.20%	39.60%
Other Segments [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	$ 35,149	$ 34,394
% Total Assets	12.90%	12.60%

13. Segment Informat48

13. Segment Information (Details) - Revenue from External Customers by Products and Services - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 29, 2018	Jul. 30, 2017	Jul. 29, 2018	Jul. 30, 2017
Revenue from External Customer [Line Items]
Net Sales	$ 168,661	$ 156,308	$ 311,553	$ 287,180
% Total	100.00%	100.00%	100.00%	100.00%
Casegoods [Member]
Revenue from External Customer [Line Items]
Net Sales	$ 105,703	$ 97,210	$ 195,759	$ 186,223
% Total	63.00%	62.00%	63.00%	65.00%
Upholstery [Member]
Revenue from External Customer [Line Items]
Net Sales	$ 62,958	$ 59,098	$ 115,794	$ 100,957
% Total	37.00%	38.00%	37.00%	35.00%

14. Subsequent Events (Details)

14. Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Millions	Aug. 30, 2018	Aug. 29, 2018	Jul. 29, 2018	Jul. 30, 2017	Jul. 29, 2018	Jul. 30, 2017
14. Subsequent Events (Details) [Line Items]
Common Stock, Dividends, Per Share, Declared			$ 0.14	$ 0.12	$ 0.28	$ 0.24
Subsequent Event [Member]
14. Subsequent Events (Details) [Line Items]
Dividends Payable, Date Declared	Aug. 30, 2018
Common Stock, Dividends, Per Share, Declared	$ 0.14
Dividends Payable, Date to be Paid	Sep. 28, 2018
Dividends Payable, Date of Record	Sep. 14, 2018
Payment for Pension Benefits		$ 3