Hooker Furnishings (HOFT) 10-Q 13 Dec 19 2020 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Nov. 03, 2019	Dec. 06, 2019
Document Information Line Items
Entity Registrant Name	Hooker Furniture Corp
Document Type	10-Q
Current Fiscal Year End Date	--01-31
Entity Common Stock, Shares Outstanding		11,838,367
Amendment Flag	false
Entity Central Index Key	0001077688
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Document Period End Date	Nov. 3, 2019
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Ex Transition Period	false
Entity Interactive Data Current	Yes

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Nov. 03, 2019	Feb. 03, 2019
Current assets
Cash and cash equivalents	$ 24,498	$ 11,435
Trade accounts receivable, net	92,603	112,557
Inventories	103,615	105,204
Income tax recoverable	2,348	0
Prepaid expenses and other current assets	4,119	5,735
Total current assets	227,183	234,931
Property, plant and equipment, net	30,782	29,482
Cash surrender value of life insurance policies	25,016	23,816
Deferred taxes	3,035	4,522
Operating leases right-of-use assets	40,872	0
Intangible assets, net	33,967	35,755
Goodwill	40,058	40,058
Other assets	1,528	1,152
Total non-current assets	175,258	134,785
Total assets	402,441	369,716
Current liabilities
Current portion of term loans	5,833	5,829
Trade accounts payable	27,407	40,838
Accrued salaries, wages and benefits	5,449	8,002
Income tax accrual	0	3,159
Customer deposits	13,030	3,023
Current portion of lease liabilities	6,395	0
Other accrued expenses	3,913	3,564
Total current liabilities	62,027	64,415
Long term debt	25,253	29,628
Deferred compensation	10,611	11,513
Lease liabilities	35,304	0
Other long-term liabilities	3	984
Total long-term liabilities	71,171	42,125
Total liabilities	133,198	106,540
Shareholders’ equity
Common stock, no par value, 20,000 shares authorized, 11,838 and 11,785 shares issued and outstanding on each date	51,177	49,549
Retained earnings	218,131	213,380
Accumulated other comprehensive (loss) income	(65)	247
Total shareholders’ equity	269,243	263,176
Total liabilities and shareholders’ equity	$ 402,441	$ 369,716

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parentheticals) - shares shares in Thousands	Nov. 03, 2019	Feb. 03, 2019
Common stock, shares authorized	20,000	20,000
Common stock, shares issued	11,838	11,785
Common stock, shares outstanding	11,838	11,785

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 03, 2019	Oct. 28, 2018	Nov. 03, 2019	Oct. 28, 2018
Net sales	$ 158,176	$ 171,474	$ 445,942	$ 483,026
Cost of sales	129,777	135,638	363,201	379,579
Gross profit	28,399	35,836	82,741	103,447
Selling and administrative expenses	22,810	22,979	67,286	68,150
Intangible asset amortization	596	596	1,788	1,788
Operating income	4,993	12,261	13,667	33,509
Other income, net	309	200	215	275
Interest expense, net	316	354	986	1,099
Income before income taxes	4,986	12,107	12,896	32,685
Income tax expense	1,066	2,775	2,829	7,504
Net income	$ 3,920	$ 9,332	$ 10,067	$ 25,181
Earnings per share
Basic (in Dollars per share)	$ 0.33	$ 0.79	$ 0.85	$ 2.14
Diluted (in Dollars per share)	$ 0.33	$ 0.79	$ 0.85	$ 2.13
Weighted average shares outstanding:
Basic (in Shares)	11,789	11,763	11,782	11,758
Diluted (in Shares)	11,816	11,778	11,821	11,778
Cash dividends declared per share (in Dollars per share)	$ 0.15	$ 0.14	$ 0.45	$ 0.42
Cost of Sales [Member]
Cost of sales	$ 129,777	$ 135,638	$ 363,201	$ 379,079
Casualty Loss [Member]
Cost of sales	$ 0	$ 0	$ 0	$ 500

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 03, 2019	Oct. 28, 2018	Nov. 03, 2019	Oct. 28, 2018
Net Income	$ 3,920	$ 9,332	$ 10,067	$ 25,181
Other comprehensive income (loss):
Gain on pension plan settlement	(520)	0	(520)	0
Income tax effect on settlement	124	0	124	0
Amortization of actuarial loss	37	43	111	129
Income tax effect on amortization	(9)	(10)	(27)	(31)
Adjustments to net periodic benefit cost	(368)	33	(312)	98
Reclassification of tax effects due to the adoption of ASU 2018-02	0	0	0	111
Total Comprehensive Income	$ 3,552	$ 9,365	$ 9,755	$ 25,390

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Nov. 03, 2019	Oct. 28, 2018
Operating Activities:
Net income	$ 10,067	$ 25,181
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	5,260	5,558
Gain on pension settlement	520	0
Gain on disposal of assets	(271)	(66)
Deferred income tax expense	1,461	254
Noncash restricted stock and performance awards	891	919
Provision/(benefit from) for doubtful accounts and sales allowances	1,365	(1,692)
Gain on life insurance policies	(715)	(608)
Changes in assets and liabilities:
Trade accounts receivable	18,589	9,036
Inventories	1,589	(16,862)
Income tax recoverable	(2,348)	0
Prepaid expenses and other current assets	(638)	(484)
Trade accounts payable	(13,456)	5,566
Accrued salaries, wages, and benefits	(2,553)	(484)
Accrued income taxes	(3,159)	(2,412)
Customer deposits	10,006	(1,359)
Operating lease liabilities	536	0
Other accrued expenses	350	503
Deferred compensation	156	(2,253)
Other long-term liabilities	0	122
Net cash provided by operating activities	26,610	20,919
Investing Activities:
Purchases of property and equipment	(4,745)	(2,464)
Proceeds received from sale of assets	1,465	99
Proceeds received on life insurance policies	0	1,225
Premiums paid on life insurance policies	(558)	(620)
Net cash used in investing activities	(3,838)	(1,760)
Financing Activities:
Payments for long-term debt	(4,393)	(15,679)
Cash dividends paid	(5,316)	(4,946)
Net cash used in financing activities	(9,709)	(20,625)
Net increase/(decrease) in cash and cash equivalents	13,063	(1,466)
Cash and cash equivalents - beginning of year	11,435	30,915
Cash and cash equivalents - end of quarter	24,498	29,449
Cash paid for income taxes	6,754	9,661
Cash paid for interest, net	852	973
Non-cash transactions:
Increase in lease liabilities arising from obtaining right-of-use assets	272	0
Increase in property and equipment through accrued purchases	$ 25	$ 104

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance at Jan. 28, 2018	$ 48,970	$ 180,122	$ 368	$ 229,460
Balance (in Shares) at Jan. 28, 2018	11,762
Net income		25,181		25,181
Prior year adjustment for ASU 2014-09 and 2018-02		99	111	210
Unrealized loss on defined benefit plan, net of tax			98	98
Cash dividends paid and accrued		(4,945)		(4,945)
Restricted stock grants, net of forfeitures	$ (30)			(30)
Restricted stock grants, net of forfeitures (in Shares)	23
Restricted stock compensation cost	$ 450			450
Balance at Oct. 28, 2018	$ 49,390	200,457	577	250,424
Balance (in Shares) at Oct. 28, 2018	11,785
Balance at Feb. 03, 2019	$ 49,549	213,380	247	$ 263,176
Balance (in Shares) at Feb. 03, 2019	11,785			11,785
Net income		10,067		$ 10,067
Gain on pension settlement, net of tax			(396)	(396)
Unrealized loss on defined benefit plan, net of tax			84	84
Cash dividends paid and accrued		(5,316)		(5,316)
Restricted stock grants, net of forfeitures	$ 344			344
Restricted stock grants, net of forfeitures (in Shares)	53
Restricted stock compensation cost	$ 600			600
Recognition of PSUs as equity-based awards	684			684
Balance at Nov. 03, 2019	$ 51,177	$ 218,131	$ (65)	$ 269,243
Balance (in Shares) at Nov. 03, 2019	11,838			11,838

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Unaudited) (Parentheticals) - USD ($) $ in Thousands	9 Months Ended
	Nov. 03, 2019	Oct. 28, 2018
Unrealized gain loss on defined benefit plan, tax	$ (27)	$ (31)
Cash dividends paid and accrued, per share (in Dollars per share)	$ 0.15	$ 0.14
Gain on pension settlement, tax	$ 124	$ 0

1 - Preparation of Interim Fina

1 - Preparation of Interim Financial Statements	9 Months Ended
	Nov. 03, 2019
Disclosure Text Block [Abstract]
Business Description and Basis of Presentation [Text Block]	1. Preparation of Interim Financial Statements The condensed consolidated financial statements of Hooker Furniture Corporation and subsidiaries (referred to as “we,” “us,” “our,” “Hooker” or the “Company”) have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”). In the opinion of management, these statements include all adjustments necessary for a fair statement of the results of all interim periods reported herein. All such adjustments are of a normal recurring nature. Certain information and footnote disclosures prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) are condensed or omitted pursuant to SEC rules and regulations. However, we believe that the disclosures made are adequate for a fair presentation of our results of operations and financial position. These financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes included in our annual report on Form 10-K for the fiscal year ended February 3, 2019 (“2019 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. 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 August 5, 2019, and the thirty-nine week period (also referred to as “nine months”, “nine-month period” or “year-to-date period”) that began February 4, 2019, which both ended November 3, 2019. This report discusses our results of operations for this period compared to the 2019 fiscal year thirteen-week period that began July 30, 2018 and the thirty-nine-week period that began January 29, 2018, which both ended October 28, 2018; and our financial condition as of November 3, 2019 compared to February 3, 2019. References in these notes to the condensed consolidated financial statements of the Company to: ■ the 2020 fiscal year and comparable terminology mean the fifty-two-week fiscal year that began February 4, 2019 and will end February 2, 2020; and ■ the 2019 fiscal year and comparable terminology mean the fifty-three-week fiscal year that began January 29, 2018 and ended February 3, 2019.

2 - Recently Adopted Accounting

2 - Recently Adopted Accounting Policies	9 Months Ended
	Nov. 03, 2019
Accounting Changes and Error Corrections [Abstract]
Accounting Changes and Error Corrections [Text Block]	2. Recently Adopted Accounting Policies In February 2016, the FASB issued ASU No. 2016-02, Leases Land Easement Practical Expedient for Transition to Topic 842 Codification Improvements to Topic 842, Leases Targeted Improvements

3 - Accounts Receivable

3 - Accounts Receivable	9 Months Ended
	Nov. 03, 2019
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	3. Accounts Receivable November 3, February 3, 2019 2019 Trade accounts receivable $ 98,818 $ 117,732 Other accounts receivable allowances (5,452 ) (4,267 ) Allowance for doubtful accounts (763 ) (908 ) Accounts receivable $ 92,603 $ 112,557

4 - Inventories

4 - Inventories	9 Months Ended
	Nov. 03, 2019
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	4. Inventories November 3, February 3, 2019 2019 Finished furniture $ 116,501 $ 112,847 Furniture in process 1,092 1,825 Materials and supplies 8,965 10,896 Inventories at FIFO 126,558 125,568 Reduction to LIFO basis (22,943 ) (20,364 ) Inventories $ 103,615 $ 105,204

5 - Property, Plant and Equipme

5 - Property, Plant and Equipment	9 Months Ended
	Nov. 03, 2019
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	5. Property, Plant and Equipment Depreciable Lives November 3, February 3, (In years) 2019 2019 Buildings and land improvements 15 - 30 $ 31,295 $ 24,588 Computer software and hardware 3 - 10 19,100 18,719 Machinery and equipment 10 9,116 8,934 Leasehold improvements Term of lease 9,443 9,376 Furniture and fixtures 3 - 10 2,454 2,318 Other 5 650 665 Total depreciable property at cost 72,058 64,600 Less accumulated depreciation 42,853 39,925 Total depreciable property, net 29,205 24,675 Land 1,077 1,067 Construction-in-progress 500 3,740 Property, plant and equipment, net $ 30,782 $ 29,482

6 - Fair Value Measurements

6 - Fair Value Measurements	9 Months Ended
	Nov. 03, 2019
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	6. 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 November 3, 2019 and February 3, 2019, 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. On January 30, 2019, our Board of Directors voted to terminate the Pension Plan. We settled all Pension Plan obligations during the quarter with the purchase of annuities for plan participants. See Note 11. Employee Benefit Plans for additional information about the Plan. Our assets measured at fair value on a recurring basis at November 3, 2019 and February 3, 2019, were as follows: Fair value at November 3, 2019 Fair value at February 3, 2019 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 $ - $ 25,016 $ - $ 25,016 $ - $ 23,816 $ - $ 23,816 Pension Plan assets $ - - - - 10,992 - - 10,992

7 - Intangible Assets

7 - Intangible Assets	9 Months Ended
	Nov. 03, 2019
Disclosure Text Block [Abstract]
Intangible Assets Disclosure [Text Block]	7. Intangible Assets November 3, February 3, Non-amortizable Intangible Assets Segment 2019 2019 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 February 3, 2019 $ 22,320 $ 778 $ 23,098 Amortization (1,743 ) (45 ) (1,788 ) Balance at November 3, 2019 $ 20,577 $ 733 $ 21,310 For the remainder of fiscal 2020, amortization expense is expected to be approximately $596,000.

8. Customer Deposits

8. Customer Deposits	9 Months Ended
	Nov. 03, 2019
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Text Block]	8. Customer Deposits Due to the highly customized nature of our hospitality products, we typically require a 50% deposit with order, a 40% deposit before goods reach a U.S. port and the remaining 10% balance due within 30 days of the receipt of goods by the customer. These deposits have increased $10.0 million since our fiscal 2019 year-end principally due to increased order activity in our Home Meridian segment’s hospitality division.

9 - Leases

9 - Leases	9 Months Ended
	Nov. 03, 2019
ASU 2016-02 Transition [Abstract]
Lessee, Operating Lease, Disclosure [Table Text Block]	9. Leases On February 4, 2019, we adopted Accounting Standards Codification Topic 842 Leases. Leases are classified as either finance leases or operating leases based on criteria in Topic 842. All of our leases are classified as operating leases. We do not currently have finance leases but could in the future. Operating lease right-of-use ("ROU") assets and liabilities are recognized on the adoption date based on the present value of lease payments over the remaining lease term. As interest rates are not explicitly stated or implicit in any of our leases, we utilized our incremental borrowing rate at the adoption date of February 4, 2019, which was one-month LIBOR plus 1.5%. For leases without explicitly stated or implicit interest rates that commenced after the adoption date, we used our incremental borrowing rate which was one-month LIBOR at the lease commencement date plus 1.5%. ROU assets also include any lease payments made and exclude lease incentives. Lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. At the inception of a lease, we allocate the consideration in the contract to each lease and non-lease component based on the component's relative stand-alone price to determine the lease payments. Lease and non-lease components are accounted for separately. Lease expense for operating leases is recognized on a straight-line basis over the lease term. Included in lease expense are any variable lease payments incurred in the period that were not included in the initial lease liability. Some of our real estate leases contain variable lease payments, including payments based on the percentage increase in the Consumer Price Index for Urban Consumers (“CPI-U”). We used February 2019 CPI-U issued by the US Department of Labor’s Bureau of Labor Statistics to measure lease payments and calculate lease liabilities. Additional payments based on the change in an index or rate, or payments based on a change in our portion of the operating expenses, including real estate taxes and insurance, are recorded when incurred. We have a sub-lease at one of our warehouses. In accordance with the provisions of Topic 842, since we have not been relieved as the primary obligor of the warehouse lease, we cannot net the sublease income against our lease payment to calculate the lease liability and ROU asset. Our practice has been, and we will continue to, straight-line the sub-lease income over the term of the sublease. We recognized $130,000 and $347,000 sub-lease income for the three-month and nine-month period ended November 3, 2019, respectively. Our leases have remaining lease terms of less than one year to seven years, some of which include options to extend the leases for up to seven years. We have elected not to recognize ROU assets and lease liabilities that arise from short term leases for any class of underlying asset. Short term leases are leases with lease terms of 12 months or less with either (a) no renewal option or (b) a renewal option which we are not reasonably certain to exercise. We have elected to adopt a package of practical expedients provided under Topic 842 that allows us not to reassess: (a) whether expired or existing contracts contain a lease under the new definition of a lease; (b) lease classification of expired or existing leases; and (c) whether previously capitalized initial direct costs would qualify for capitalization under Topic 842. The components of lease cost and supplemental cash flow information for leases for the three-month and nine-month periods ended November 3, 2019 were: Thirteen Weeks Ended Thirty-Nine Weeks Ended November 3, 2019 November 3, 2019 Operating lease cost $ 2,090 $ 6,289 Short-term lease cost 173 467 Total operating lease cost $ 2,263 $ 6,756 Operating cash outflows $ 1,918 $ 6,255 The right-of-use assets and lease liabilities recorded on our Condensed Consolidated Balance Sheets as of November 3, 2019 were: November 3, 2019 Real estate $ 39,750 Property and equipment 1,122 Total operating leases right-of-use assets $ 40,872 Current portion of operating lease liabilities $ 6,395 Long term operating lease liabilities 35,304 Total operating lease liabilities $ 41,699 Weighted-average remaining lease term is 7.5 years. We used our incremental borrowing rate which is LIBOR plus 1.5% at the adoption date. The weighted-average discount rate is 4.00%. The following table reconciles the undiscounted future lease payments for operating leases to the operating lease liabilities recorded in the condensed consolidated balance sheet at November 3, 2019: Undiscounted Future Operating Lease Payments Remainder of 2019 $ 2,327 2020 7,732 2021 7,114 2022 5,520 2023 5,267 2024 and thereafter 20,394 Total lease payments $ 48,354 Less: impact of discounting (6,655 ) Present value of lease payments $ 41,699 As of November 3, 2019, we did not have any additional operating or finance leases that had not yet commenced.

10 - Long-Term Debt

10 - Long-Term Debt	9 Months Ended
	Nov. 03, 2019
Disclosure Text Block [Abstract]
Long-term Debt [Text Block]	10. Long-Term Debt As of November 3, 2019, we had an aggregate $25.7 million available under our revolving credit facility to fund working capital needs. Standby letters of credit in the aggregate amount of $4.3 million, used to collateralize certain insurance arrangements and for imported product purchases, were outstanding under the revolving credit facility as of November 3, 2019. There were no additional borrowings outstanding under the revolving credit facility as of November 3, 2019.

11 - Employee Benefit Plans

11 - Employee Benefit Plans	9 Months Ended
	Nov. 03, 2019
Retirement Benefits [Abstract]
Pension and Other Postretirement Benefits Disclosure [Text Block]	11. 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, which we assumed when we acquired the business of 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. On January 30, 2019, our Board of Directors voted to terminate the Pension Plan. We settled all Pension Plan obligations during the quarter with the purchase of nonparticipating annuity contracts for plan participants. Consequently, we recognized a $520,000 settlement gain during the quarter, which is recorded in the “other income” line of our condensed consolidated statements of income. The $520,000 represented an amount recorded in accumulated other comprehensive income until the pension obligation was settled upon plan termination. Thirteen Weeks Ended Thirty-Nine Weeks Ended November 3, October 28, November 3, October 28, 2019 2018 2019 2018 Net periodic benefit costs Service cost 26 81 78 243 Interest cost 204 206 613 618 Actuarial loss 37 43 111 129 Expected return on pension plan assets (101 ) (144 ) (304 ) (431 ) Pension plan administrative expenses 98 70 293 210 Consolidated net periodic benefit costs $ 264 $ 256 $ 791 $ 769 The SRIP and SERP plans are unfunded plans. We paid $171,000 in the third quarter and $520,000 in the first nine months. We expect to pay a total of approximately $164,000 in benefit payments from our general assets during the remainder of fiscal 2020 to fund SRIP and SERP payments.

12 - Earnings Per Share

12 - Earnings Per Share	9 Months Ended
	Nov. 03, 2019
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	12. Earnings Per Share We refer you to the discussion of Earnings Per Share in Note 2. Summary of Significant Accounting Policies, in the financial statements included in our 2019 Annual Report, for additional information concerning the calculation of earnings per share. All stock awards are designed to encourage retention and to provide an incentive for increasing shareholder value. We have issued restricted stock awards to non-employee members of the board of directors since 2006 and to certain non-executive employees since 2014. We have issued 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 have issued Performance-based Restricted Stock Units (“PSUs”) to certain senior executives since fiscal 2019 under the Company’s Stock Incentive Plan. Each PSU entitles the executive officer to receive one share of our common stock based on the achievement of two specified performance conditions if the executive officer remains continuously employed through the end of the three-year performance period. One target is based on our annual average growth in our EPS over the performance period and the other target is based on EPS growth over the performance period compared to our peers. The payout or settlement of the PSUs will be made in shares of our common stock. 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 and PSUs, net of forfeitures and vested shares, as of the fiscal period-end dates indicated: November 3, February 3, 2019 2019 Restricted shares 49 22 RSUs and PSUs 78 36 127 58 The number of outstanding restricted shares increased due primarily to grants of restricted shares to a larger population of our non-executive employees as an incentive for retention and alignment of individual performance to our values. The number of RSUs and PSUs increased primarily due to the addition of three additional executive officers in the second quarter of fiscal 2019. All restricted shares, RSUs and PSUs awarded that have not yet vested are considered when computing diluted earnings per share. The following table sets forth the computation of basic and diluted earnings per share: Thirteen Weeks Ended Thirty-Nine Weeks Ended November 3, October 28, November 3, October 28, 2019 2018 2019 2018 Net income $ 3,920 $ 9,332 $ 10,067 $ 25,181 Less: Unvested participating restricted stock dividends 7 3 18 8 Net earnings allocated to unvested participating restricted stock 16 17 33 41 Earnings available for common shareholders 3,897 9,312 10,016 25,132 Weighted average shares outstanding for basic earnings per share 11,789 11,763 11,782 11,758 Dilutive effect of unvested restricted stock, RSU and PSU awards 27 15 39 20 Weighted average shares outstanding for diluted earnings per share 11,816 11,778 11,821 11,778 Basic earnings per share $ 0.33 $ 0.79 $ 0.85 $ 2.14 Diluted earnings per share $ 0.33 $ 0.79 $ 0.85 $ 2.13

13 - Income Taxes

13 - Income Taxes	9 Months Ended
	Nov. 03, 2019
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	13. Income Taxes We recorded income tax expense of $1.1 million for the fiscal 2020 third quarter compared to $2.8 million for the comparable prior year period. The effective tax rates for the fiscal 2020 and 2019 third quarters were 21.4% and 22.9%, respectively. The effective tax rates for the first nine months of fiscal 2020 and 2019 were 21.9% and 23.0%. The net unrecognized tax benefits as of November 3, 2019 and February 3, 2019, which, if recognized, would affect our effective tax rate are $40,000 and $38,000, respectively. Tax years ending January 31, 2016 through February 3, 2019 remain subject to examination by federal and state taxing authorities.

14 - Segment Information

14 - Segment Information	9 Months Ended
	Nov. 03, 2019
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	14. Segment Information 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 Thirty-Nine Weeks Ended November 3, 2019 October 28, 2018 November 3, 2019 October 28, 2018 % Net % Net % Net % Net Net Sales Sales Sales Sales Sales Hooker Branded $ 43,703 27.6 % $ 46,479 27.1 % $ 122,707 27.5 % $ 129,801 26.9 % Home Meridian 85,776 54.3 % 95,013 55.4 % 240,594 54.0 % 266,631 55.2 % All Other 28,697 18.1 % 29,982 17.5 % 82,641 18.5 % 86,594 17.9 % Consolidated $ 158,176 100.0 % $ 171,474 100.0 % $ 445,942 100.0 % $ 483,026 100.0 % Gross Profit Hooker Branded $ 13,947 31.9 % $ 14,334 30.8 % $ 38,323 31.2 % $ 41,372 31.9 % Home Meridian 7,286 8.5 % 15,382 16.2 % 24,139 10.0 % 43,196 16.2 % All Other 7,166 25.0 % 6,120 20.4 % 20,279 24.5 % 18,879 21.8 % Consolidated $ 28,399 18.0 % $ 35,836 20.9 % $ 82,741 18.6 % $ 103,447 21.4 % Operating Income (Loss) Hooker Branded $ 6,188 14.2 % $ 5,712 12.3 % $ 15,453 12.6 % $ 17,381 13.4 % Home Meridian (3,955 ) -4.6 % 4,829 5.1 % (9,013 ) -3.7 % 10,168 3.8 % All Other 2,760 9.6 % 1,720 5.7 % 7,227 8.7 % 5,960 6.9 % Consolidated $ 4,993 3.2 % $ 12,261 7.2 % $ 13,667 3.1 % $ 33,509 6.9 % Capital Expenditures Hooker Branded $ 89 $ 350 $ 600 $ 699 Home Meridian 126 143 300 330 All Other 871 1,138 3,845 1,435 Consolidated $ 1,086 $ 1,631 $ 4,745 $ 2,464 Depreciation & Amortization Hooker Branded $ 471 $ 984 $ 1,453 $ 1,479 Home Meridian 549 851 1,627 1,795 All Other 768 1,248 2,180 2,284 Consolidated $ 1,788 $ 3,083 $ 5,260 $ 5,558 As of November 3, As of February 3, 2019 %Total 2019 %Total Identifiable Assets Assets Assets Hooker Branded $ 140,920 42.9 % $ 108,445 36.9 % Home Meridian 146,971 44.8 % 144,277 49.1 % All Other 40,525 12.3 % 41,181 14.0 % Consolidated $ 328,416 100.0 % $ 293,903 100.0 % Consolidated Goodwill and Intangibles 74,025 75,813 Total Consolidated Assets $ 402,441 $ 369,716 Sales by product type are as follows: Net Sales (in thousands) Thirteen Weeks Ended Thirty-Nine Weeks Ended November 3, 2019 %Total October 28, 2018 %Total November 3, 2019 %Total October 28, 2018 %Total Casegoods $ 105,018 66 % $ 108,584 63 % $ 288,470 65 % $ 304,370 63 % Upholstery 53,158 34 % 62,890 37 % 157,472 35 % 178,656 37 % $ 158,176 100 % $ 171,474 100 % $ 445,942 100 % $ 483,026 100 %

15 - Subsequent Events

15 - Subsequent Events	9 Months Ended
	Nov. 03, 2019
Subsequent Events [Abstract]
Subsequent Events [Text Block]	15. Subsequent Events Dividends On December 5, 2019, our board of directors declared a quarterly cash dividend of $0.16 per share, an increase of 6.7% or $0.01 per share, payable on December 30, 2019 to shareholders of record at December 16, 2019.

3 - Accounts Receivable (Tables

3 - Accounts Receivable (Tables)	9 Months Ended
	Nov. 03, 2019
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	November 3, February 3, 2019 2019 Trade accounts receivable $ 98,818 $ 117,732 Other accounts receivable allowances (5,452 ) (4,267 ) Allowance for doubtful accounts (763 ) (908 ) Accounts receivable $ 92,603 $ 112,557

4 - Inventories (Tables)

4 - Inventories (Tables)	9 Months Ended
	Nov. 03, 2019
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	November 3, February 3, 2019 2019 Finished furniture $ 116,501 $ 112,847 Furniture in process 1,092 1,825 Materials and supplies 8,965 10,896 Inventories at FIFO 126,558 125,568 Reduction to LIFO basis (22,943 ) (20,364 ) Inventories $ 103,615 $ 105,204

5 - Property, Plant and Equip_2

5 - Property, Plant and Equipment (Tables)	9 Months Ended
	Nov. 03, 2019
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	Depreciable Lives November 3, February 3, (In years) 2019 2019 Buildings and land improvements 15 - 30 $ 31,295 $ 24,588 Computer software and hardware 3 - 10 19,100 18,719 Machinery and equipment 10 9,116 8,934 Leasehold improvements Term of lease 9,443 9,376 Furniture and fixtures 3 - 10 2,454 2,318 Other 5 650 665 Total depreciable property at cost 72,058 64,600 Less accumulated depreciation 42,853 39,925 Total depreciable property, net 29,205 24,675 Land 1,077 1,067 Construction-in-progress 500 3,740 Property, plant and equipment, net $ 30,782 $ 29,482

6 - Fair Value Measurements (Ta

6 - Fair Value Measurements (Tables)	9 Months Ended
	Nov. 03, 2019
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 November 3, 2019 and February 3, 2019, were as follows: Fair value at November 3, 2019 Fair value at February 3, 2019 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 $ - $ 25,016 $ - $ 25,016 $ - $ 23,816 $ - $ 23,816 Pension Plan assets $ - - - - 10,992 - - 10,992

7 - Intangible Assets (Tables)

7 - Intangible Assets (Tables)	9 Months Ended
	Nov. 03, 2019
Disclosure Text Block [Abstract]
Schedule of Indefinite-Lived Intangible Assets [Table Text Block]	November 3, February 3, Non-amortizable Intangible Assets Segment 2019 2019 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 February 3, 2019 $ 22,320 $ 778 $ 23,098 Amortization (1,743 ) (45 ) (1,788 ) Balance at November 3, 2019 $ 20,577 $ 733 $ 21,310

9 - Leases (Tables)

9 - Leases (Tables)	9 Months Ended
	Nov. 03, 2019
ASU 2016-02 Transition [Abstract]
Lease, Cost [Table Text Block]	The components of lease cost and supplemental cash flow information for leases for the three-month and nine-month periods ended November 3, 2019 were: Thirteen Weeks Ended Thirty-Nine Weeks Ended November 3, 2019 November 3, 2019 Operating lease cost $ 2,090 $ 6,289 Short-term lease cost 173 467 Total operating lease cost $ 2,263 $ 6,756 Operating cash outflows $ 1,918 $ 6,255
Schedule of Right-of-Use Assets and Lease Liabilities [Table Text Block]	The right-of-use assets and lease liabilities recorded on our Condensed Consolidated Balance Sheets as of November 3, 2019 were: November 3, 2019 Real estate $ 39,750 Property and equipment 1,122 Total operating leases right-of-use assets $ 40,872 Current portion of operating lease liabilities $ 6,395 Long term operating lease liabilities 35,304 Total operating lease liabilities $ 41,699
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	The following table reconciles the undiscounted future lease payments for operating leases to the operating lease liabilities recorded in the condensed consolidated balance sheet at November 3, 2019: Undiscounted Future Operating Lease Payments Remainder of 2019 $ 2,327 2020 7,732 2021 7,114 2022 5,520 2023 5,267 2024 and thereafter 20,394 Total lease payments $ 48,354 Less: impact of discounting (6,655 ) Present value of lease payments $ 41,699

11 - Employee Benefit Plans (Ta

11 - Employee Benefit Plans (Tables)	9 Months Ended
	Nov. 03, 2019
Pension Plan [Member]
11 - Employee Benefit Plans (Tables) [Line Items]
Schedule of Net Benefit Costs [Table Text Block]	On January 30, 2019, our Board of Directors voted to terminate the Pension Plan. We settled all Pension Plan obligations during the quarter with the purchase of nonparticipating annuity contracts for plan participants. Consequently, we recognized a $520,000 settlement gain during the quarter, which is recorded in the “other income” line of our condensed consolidated statements of income. The $520,000 represented an amount recorded in accumulated other comprehensive income until the pension obligation was settled upon plan termination. Thirteen Weeks Ended Thirty-Nine Weeks Ended November 3, October 28, November 3, October 28, 2019 2018 2019 2018 Net periodic benefit costs Service cost 26 81 78 243 Interest cost 204 206 613 618 Actuarial loss 37 43 111 129 Expected return on pension plan assets (101 ) (144 ) (304 ) (431 ) Pension plan administrative expenses 98 70 293 210 Consolidated net periodic benefit costs $ 264 $ 256 $ 791 $ 769

12 - Earnings Per Share (Tables

12 - Earnings Per Share (Tables)	9 Months Ended
	Nov. 03, 2019
Earnings Per Share [Abstract]
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]	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 and PSUs, net of forfeitures and vested shares, as of the fiscal period-end dates indicated: November 3, February 3, 2019 2019 Restricted shares 49 22 RSUs and PSUs 78 36 127 58
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	All restricted shares, RSUs and PSUs awarded that have not yet vested are considered when computing diluted earnings per share. The following table sets forth the computation of basic and diluted earnings per share: Thirteen Weeks Ended Thirty-Nine Weeks Ended November 3, October 28, November 3, October 28, 2019 2018 2019 2018 Net income $ 3,920 $ 9,332 $ 10,067 $ 25,181 Less: Unvested participating restricted stock dividends 7 3 18 8 Net earnings allocated to unvested participating restricted stock 16 17 33 41 Earnings available for common shareholders 3,897 9,312 10,016 25,132 Weighted average shares outstanding for basic earnings per share 11,789 11,763 11,782 11,758 Dilutive effect of unvested restricted stock, RSU and PSU awards 27 15 39 20 Weighted average shares outstanding for diluted earnings per share 11,816 11,778 11,821 11,778 Basic earnings per share $ 0.33 $ 0.79 $ 0.85 $ 2.14 Diluted earnings per share $ 0.33 $ 0.79 $ 0.85 $ 2.13

14 - Segment Information (Table

14 - Segment Information (Tables)	9 Months Ended
	Nov. 03, 2019
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 November 3, 2019 October 28, 2018 November 3, 2019 October 28, 2018 % Net % Net % Net % Net Net Sales Sales Sales Sales Sales Hooker Branded $ 43,703 27.6 % $ 46,479 27.1 % $ 122,707 27.5 % $ 129,801 26.9 % Home Meridian 85,776 54.3 % 95,013 55.4 % 240,594 54.0 % 266,631 55.2 % All Other 28,697 18.1 % 29,982 17.5 % 82,641 18.5 % 86,594 17.9 % Consolidated $ 158,176 100.0 % $ 171,474 100.0 % $ 445,942 100.0 % $ 483,026 100.0 % Gross Profit Hooker Branded $ 13,947 31.9 % $ 14,334 30.8 % $ 38,323 31.2 % $ 41,372 31.9 % Home Meridian 7,286 8.5 % 15,382 16.2 % 24,139 10.0 % 43,196 16.2 % All Other 7,166 25.0 % 6,120 20.4 % 20,279 24.5 % 18,879 21.8 % Consolidated $ 28,399 18.0 % $ 35,836 20.9 % $ 82,741 18.6 % $ 103,447 21.4 % Operating Income (Loss) Hooker Branded $ 6,188 14.2 % $ 5,712 12.3 % $ 15,453 12.6 % $ 17,381 13.4 % Home Meridian (3,955 ) -4.6 % 4,829 5.1 % (9,013 ) -3.7 % 10,168 3.8 % All Other 2,760 9.6 % 1,720 5.7 % 7,227 8.7 % 5,960 6.9 % Consolidated $ 4,993 3.2 % $ 12,261 7.2 % $ 13,667 3.1 % $ 33,509 6.9 % Capital Expenditures Hooker Branded $ 89 $ 350 $ 600 $ 699 Home Meridian 126 143 300 330 All Other 871 1,138 3,845 1,435 Consolidated $ 1,086 $ 1,631 $ 4,745 $ 2,464 Depreciation & Amortization Hooker Branded $ 471 $ 984 $ 1,453 $ 1,479 Home Meridian 549 851 1,627 1,795 All Other 768 1,248 2,180 2,284 Consolidated $ 1,788 $ 3,083 $ 5,260 $ 5,558
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 November 3, As of February 3, 2019 %Total 2019 %Total Identifiable Assets Assets Assets Hooker Branded $ 140,920 42.9 % $ 108,445 36.9 % Home Meridian 146,971 44.8 % 144,277 49.1 % All Other 40,525 12.3 % 41,181 14.0 % Consolidated $ 328,416 100.0 % $ 293,903 100.0 % Consolidated Goodwill and Intangibles 74,025 75,813 Total Consolidated Assets $ 402,441 $ 369,716
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 Thirty-Nine Weeks Ended November 3, 2019 %Total October 28, 2018 %Total November 3, 2019 %Total October 28, 2018 %Total Casegoods $ 105,018 66 % $ 108,584 63 % $ 288,470 65 % $ 304,370 63 % Upholstery 53,158 34 % 62,890 37 % 157,472 35 % 178,656 37 % $ 158,176 100 % $ 171,474 100 % $ 445,942 100 % $ 483,026 100 %

2 - Recently Adopted Accounti_2

2 - Recently Adopted Accounting Policies (Details) - USD ($) $ in Thousands	Nov. 03, 2019	Feb. 03, 2019
Accounting Changes and Error Corrections [Abstract]
Operating Lease, Right-of-Use Asset	$ 40,872	$ 0
Operating Lease, Liability	$ 41,699

3 - Accounts Receivable (Detail

3 - Accounts Receivable (Details) - Schedule of Accounts, Notes, Loans and Financing Receivable - USD ($) $ in Thousands	Nov. 03, 2019	Feb. 03, 2019
Schedule of Accounts, Notes, Loans and Financing Receivable [Abstract]
Trade accounts receivable	$ 98,818	$ 117,732
Other accounts receivable allowances	(5,452)	(4,267)
Allowance for doubtful accounts	(763)	(908)
Accounts receivable	$ 92,603	$ 112,557

4 - Inventories (Details) - Sch

4 - Inventories (Details) - Schedule of Inventory, Current - USD ($) $ in Thousands	Nov. 03, 2019	Feb. 03, 2019
Schedule of Inventory, Current [Abstract]
Finished furniture	$ 116,501	$ 112,847
Furniture in process	1,092	1,825
Materials and supplies	8,965	10,896
Inventories at FIFO	126,558	125,568
Reduction to LIFO basis	(22,943)	(20,364)
Inventories	$ 103,615	$ 105,204

5 - Property, Plant and Equip_3

5 - Property, Plant and Equipment (Details) - Property, Plant and Equipment - USD ($) $ in Thousands	9 Months Ended
	Nov. 03, 2019	Feb. 03, 2019
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 72,058	$ 64,600
Less accumulated depreciation	42,853	39,925
Total depreciable property, net	29,205	24,675
Land	1,077	1,067
Construction-in-progress	500	3,740
Property, plant and equipment, net	30,782	29,482
Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	31,295	24,588
Computer Software and Hardware [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	19,100	18,719
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 9,116	8,934
Property, Plant and Equipment, Depreciable Lives	10
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 9,443	9,376
Property, Plant and Equipment, Depreciable Lives	Term of lease
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 2,454	2,318
Property, Plant and Equipment, Other Types [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 650	$ 665
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

6 - Fair Value Measurements (De

6 - Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis - USD ($) $ in Thousands	Nov. 03, 2019	Feb. 03, 2019
Assets measured at fair value
Company-owned life insurance	$ 25,016	$ 23,816
Pension Plan assets	0	10,992
Fair Value, Inputs, Level 1 [Member]
Assets measured at fair value
Company-owned life insurance	0	0
Pension Plan assets	0	10,992
Fair Value, Inputs, Level 2 [Member]
Assets measured at fair value
Company-owned life insurance	25,016	23,816
Pension Plan assets	0	0
Fair Value, Inputs, Level 3 [Member]
Assets measured at fair value
Company-owned life insurance	0	0
Pension Plan assets	$ 0	$ 0

7 - Intangible Assets (Details)

7 - Intangible Assets (Details) $ in Millions	Nov. 03, 2019USD ($)
Disclosure Text Block [Abstract]
Finite-Lived Intangible Assets, Amortization Expense, Remainder of Fiscal Year	$ 596,000

7 - Intangible Assets (Details

7 - Intangible Assets (Details) - Schedule of Indefinite-Lived Intangible Assets - USD ($) $ in Thousands	Nov. 03, 2019	Feb. 03, 2019
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

7 - Intangible Assets (Detai_2

7 - Intangible Assets (Details) - Schedule of Finite-Lived Intangible Assets $ in Thousands	9 Months Ended
	Nov. 03, 2019USD ($)
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Balance	$ 22,320
Amortization	(1,743)
Balance	20,577
Order or Production Backlog [Member]
Finite-Lived Intangible Assets [Line Items]
Balance	778
Amortization	(45)
Balance	733
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Balance	23,098
Amortization	(1,788)
Balance	$ 21,310

8. Customer Deposits (Details)

8. Customer Deposits (Details) - USD ($) $ in Thousands	9 Months Ended
	Nov. 03, 2019	Oct. 28, 2018
Revenue from Contract with Customer [Abstract]
Contract with Customer, Timing of Satisfaction of Performance Obligation and Payment	Due to the highly customized nature of our hospitality products, we typically require a 50% deposit with order, a 40% deposit before goods reach a U.S. port and the remaining 10% balance due within 30 days of the receipt of goods by the customer.
Increase (Decrease) in Contract with Customer, Liability	$ 10,006	$ (1,359)

9 - Leases (Details)

9 - Leases (Details) - USD ($)	Feb. 04, 2019	Nov. 03, 2019	Nov. 03, 2019
9 - Leases (Details) [Line Items]
Operating Leases of Lessee, Contingent Rentals, Description of Variable Rate Basis	one-month LIBOR plus 1.5%
Operating Leases, Income Statement, Sublease Revenue		$ 130,000	$ 347,000
Description of Lessee Leasing Arrangements, Operating Leases		Our leases have remaining lease terms of less than one year to seven years, some of which include options to extend the leases for up to seven years. We have elected not to recognize ROU assets and lease liabilities that arise from short term leases for any class of underlying asset. Short term leases are leases with lease terms of 12 months or less with either (a) no renewal option or (b) a renewal option which we are not reasonably certain to exercise.
Operating Lease, Weighted Average Remaining Lease Term		7 years 6 months	7 years 6 months
Operating Lease, Weighted Average Discount Rate, Percent		4.00%	4.00%
London Interbank Offered Rate (LIBOR) [Member]
9 - Leases (Details) [Line Items]
Operating Leases of Lessee, Contingent Rentals, Basis Spread on Variable Rate		1.50%	1.50%

9 - Leases (Details) - Schedule

9 - Leases (Details) - Schedule of Lease Cost - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Nov. 03, 2019	Feb. 03, 2019
9 - Leases (Details) - Schedule of Lease Cost [Line Items]
Operating lease cost	$ 2,263	$ 6,756
Operating cash outflows	1,918	6,255
Leases Greater Than 12 Months [Member]
9 - Leases (Details) - Schedule of Lease Cost [Line Items]
Operating lease cost	2,090	6,289
Leases Less Than 12 Months [Member]
9 - Leases (Details) - Schedule of Lease Cost [Line Items]
Operating lease cost	$ 173	$ 467

9 - Leases (Details) - Schedu_2

9 - Leases (Details) - Schedule of Right-of-Use Assets and Lease Liabilities - USD ($) $ in Thousands	Nov. 03, 2019	Feb. 03, 2019
9 - Leases (Details) - Schedule of Right-of-Use Assets and Lease Liabilities [Line Items]
Operating leases right-of-use assets	$ 40,872	$ 0
Current portion of operating lease liabilities	6,395	0
Long term operating lease liabilities	35,304	$ 0
Total operating lease liabilities	41,699
Real Estate [Member]
9 - Leases (Details) - Schedule of Right-of-Use Assets and Lease Liabilities [Line Items]
Operating leases right-of-use assets	39,750
Property, Plant and Equipment [Member]
9 - Leases (Details) - Schedule of Right-of-Use Assets and Lease Liabilities [Line Items]
Operating leases right-of-use assets	$ 1,122

9 - Leases (Details) - Schedu_3

9 - Leases (Details) - Schedule of Future Minimum Rental Payments for Operating Leases $ in Thousands	Nov. 03, 2019USD ($)
Schedule of Future Minimum Rental Payments for Operating Leases [Abstract]
Remainder of 2019	$ 2,327
2020	7,732
2021	7,114
2022	5,520
2023	5,267
2024 and therafter	20,394
Total lease payments	48,354
Less: impact of discounting	(6,655)
Present value of lease payments	$ 41,699

10 - Long-Term Debt (Details)

10 - Long-Term Debt (Details) $ in Millions	Nov. 03, 2019USD ($)
Disclosure Text Block [Abstract]
Line of Credit Facility, Current Borrowing Capacity	$ 25.7
Letters of Credit Outstanding, Amount	$ 4.3

11 - Employee Benefit Plans (De

11 - Employee Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 03, 2019	Oct. 28, 2018	Nov. 03, 2019	Oct. 28, 2018
11 - Employee Benefit Plans (Details) [Line Items]
Defined Benefit Plan, Description			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, which we assumed when we acquired the business of 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.On January 30, 2019, our Board of Directors voted to terminate the Pension Plan. We settled all Pension Plan obligations during the quarter with the purchase of nonparticipating annuity contracts for plan participants. Consequently, we recognized a $520,000 settlement gain during the quarter, which is recorded in the “other income” line of our condensed consolidated statements of income. The $520,000 represented an amount recorded in accumulated other comprehensive income until the pension obligation was settled upon plan termination.
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement	$ (520)	$ 0	$ (520)	$ 0
Supplemental Retirement Income Plan ("SRIP") and Supplemental Executive Retirement Plan ("SERP") [Member]
11 - Employee Benefit Plans (Details) [Line Items]
Defined Benefit Plan, Benefit Obligation, Benefits Paid	171		520
Defined Benefit Plan, Expected Future Benefit Payment, Remainder of Fiscal Year	$ 164		$ 164

11 - Employee Benefit Plans (_2

11 - Employee Benefit Plans (Details) - Schedule of Net Benefit Costs - Pension Plan [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 03, 2019	Oct. 28, 2018	Nov. 03, 2019	Oct. 28, 2018
Net periodic benefit costs
Service cost	$ 26	$ 81	$ 78	$ 243
Interest cost	204	206	613	618
Actuarial loss	37	43	111	129
Expected return on pension plan assets	(101)	(144)	(304)	(431)
Expected administrative expenses	98	70	293	210
Consolidated net periodic benefit costs	$ 264	$ 256	$ 791	$ 769

12 - Earnings Per Share (Detail

12 - Earnings Per Share (Details) - Schedule of Restricted Stock and Restricted Stock Units - shares shares in Thousands	Nov. 03, 2019	Feb. 03, 2019
12 - Earnings Per Share (Details) - Schedule of Restricted Stock and Restricted Stock Units [Line Items]
Number of Shares Outstanding	127	58
Restricted Stock [Member]
12 - Earnings Per Share (Details) - Schedule of Restricted Stock and Restricted Stock Units [Line Items]
Number of Shares Outstanding	49	22
Restricted Stock Units (RSUs) [Member]
12 - Earnings Per Share (Details) - Schedule of Restricted Stock and Restricted Stock Units [Line Items]
Number of Shares Outstanding	78	36

12 - Earnings Per Share (Deta_2

12 - 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
	Nov. 03, 2019	Oct. 28, 2018	Nov. 03, 2019	Oct. 28, 2018
Schedule of Earnings Per Share, Basic and Diluted [Abstract]
Net income	$ 3,920	$ 9,332	$ 10,067	$ 25,181
Less: Unvested participating restricted stock dividends	7	3	18	8
Net earnings allocated to unvested participating restricted stock	16	17	33	41
Earnings available for common shareholders	$ 3,897	$ 9,312	$ 10,016	$ 25,132
Weighted average shares outstanding for basic earnings per share (in Shares)	11,789	11,763	11,782	11,758
Dilutive effect of unvested restricted stock, RSU and PSU awards (in Shares)	27	15	39	20
Weighted average shares outstanding for diluted earnings per share (in Shares)	11,816	11,778	11,821	11,778
Basic earnings per share (in Dollars per share)	$ 0.33	$ 0.79	$ 0.85	$ 2.14
Diluted earnings per share (in Dollars per share)	$ 0.33	$ 0.79	$ 0.85	$ 2.13

13 - Income Taxes (Details)

13 - Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 03, 2019	Oct. 28, 2018	Nov. 03, 2019	Oct. 28, 2018	Feb. 03, 2019
Income Tax Disclosure [Abstract]
Income Tax Expense (Benefit)	$ 1,066	$ 2,775	$ 2,829	$ 7,504
Effective Income Tax Rate Reconciliation, Percent	21.40%	22.90%	21.90%	23.00%
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 40		$ 40		$ 38

14 - Segment Information (Detai

14 - Segment Information (Details)	9 Months Ended
	Nov. 03, 2019
Segment Reporting [Abstract]
Number of Reportable Segments	2

14 - Segment Information (Det_2

14 - Segment Information (Details) - Segment Reporting Information - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 03, 2019	Oct. 28, 2018	Nov. 03, 2019	Oct. 28, 2018
Segment Reporting Information [Line Items]
Net Sales	$ 158,176	$ 171,474	$ 445,942	$ 483,026
% of Net Sales	100.00%	100.00%	100.00%	100.00%
Gross Profit	$ 28,399	$ 35,836	$ 82,741	$ 103,447
% of Net Sales, Gross Profit	18.00%	20.90%	18.60%	21.40%
Operating Income	$ 4,993	$ 12,261	$ 13,667	$ 33,509
% of Net Sales, Operating Income	3.20%	7.20%	3.10%	6.90%
Capital Expenditures	$ 1,086	$ 1,631	$ 4,745	$ 2,464
Depreciation & Amortization	1,788	3,083	5,260	5,558
Hooker Branded [Member]
Segment Reporting Information [Line Items]
Net Sales	$ 43,703	$ 46,479	$ 122,707	$ 129,801
% of Net Sales	27.60%	27.10%	27.50%	26.90%
Gross Profit	$ 13,947	$ 14,334	$ 38,323	$ 41,372
% of Net Sales, Gross Profit	31.90%	30.80%	31.20%	31.90%
Operating Income	$ 6,188	$ 5,712	$ 15,453	$ 17,381
% of Net Sales, Operating Income	14.20%	12.30%	12.60%	13.40%
Capital Expenditures	$ 89	$ 350	$ 600	$ 699
Depreciation & Amortization	471	984	1,453	1,479
Home Meridian International [Member]
Segment Reporting Information [Line Items]
Net Sales	$ 85,776	$ 95,013	$ 240,594	$ 266,631
% of Net Sales	54.30%	55.40%	54.00%	55.20%
Gross Profit	$ 7,286	$ 15,382	$ 24,139	$ 43,196
% of Net Sales, Gross Profit	8.50%	16.20%	10.00%	16.20%
Operating Income	$ (3,955)	$ 4,829	$ (9,013)	$ 10,168
% of Net Sales, Operating Income	(4.60%)	5.10%	(3.70%)	3.80%
Capital Expenditures	$ 126	$ 143	$ 300	$ 330
Depreciation & Amortization	549	851	1,627	1,795
Other Segments [Member]
Segment Reporting Information [Line Items]
Net Sales	$ 28,697	$ 29,982	$ 82,641	$ 86,594
% of Net Sales	18.10%	17.50%	18.50%	17.90%
Gross Profit	$ 7,166	$ 6,120	$ 20,279	$ 18,879
% of Net Sales, Gross Profit	25.00%	20.40%	24.50%	21.80%
Operating Income	$ 2,760	$ 1,720	$ 7,227	$ 5,960
% of Net Sales, Operating Income	9.60%	5.70%	8.70%	6.90%
Capital Expenditures	$ 871	$ 1,138	$ 3,845	$ 1,435
Depreciation & Amortization	$ 768	$ 1,248	$ 2,180	$ 2,284

14 - Segment Information (Det_3

14 - Segment Information (Details) - Assets from Segments to Consolidated - USD ($) $ in Thousands	Nov. 03, 2019	Feb. 03, 2019
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	$ 328,416	$ 293,903
% Total Assets	100.00%	100.00%
Consolidated Goodwill and Intangibles	$ 74,025	$ 75,813
Total Consolidated Assets	402,441	369,716
Hooker Branded [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	$ 140,920	$ 108,445
% Total Assets	42.90%	36.90%
Home Meridian International [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	$ 146,971	$ 144,277
% Total Assets	44.80%	49.10%
Other Segments [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	$ 40,525	$ 41,181
% Total Assets	12.30%	14.00%

14 - Segment Information (Det_4

14 - Segment Information (Details) - Revenue from External Customers by Products and Services - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 03, 2019	Oct. 28, 2018	Nov. 03, 2019	Oct. 28, 2018
Revenue from External Customer [Line Items]
Sales	$ 158,176	$ 171,474	$ 445,942	$ 483,026
% of Sales	100.00%	100.00%	100.00%	100.00%
Casegoods [Member]
Revenue from External Customer [Line Items]
Sales	$ 105,018	$ 108,584	$ 288,470	$ 304,370
% of Sales	66.00%	63.00%	65.00%	63.00%
Upholstery [Member]
Revenue from External Customer [Line Items]
Sales	$ 53,158	$ 62,890	$ 157,472	$ 178,656
% of Sales	34.00%	37.00%	35.00%	37.00%

15 - Subsequent Events (Details

15 - Subsequent Events (Details) - Subsequent Event [Member]	Dec. 05, 2019$ / shares
15 - Subsequent Events (Details) [Line Items]
Dividends Payable, Date Declared	Dec. 5, 2019
Common Stock, Dividends, Per Share, Declared	$ 0.16
Dividend, Increase Rate, Percentage	6.70%
Dividend, Increase Per-Share	$ 0.01
Dividends Payable, Date to be Paid	Dec. 30, 2019
Dividends Payable, Date of Record	Dec. 16, 2019