Hooker Furnishings (HOFT) 10-Q 10 Dec 20 2021 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Nov. 01, 2020	Dec. 04, 2020
Document Information Line Items
Entity Registrant Name	HOOKER FURNITURE CORPORATION
Trading Symbol	HOFT
Document Type	10-Q
Current Fiscal Year End Date	--01-31
Entity Common Stock, Shares Outstanding		11,887,272
Amendment Flag	false
Entity Central Index Key	0001077688
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Document Period End Date	Nov. 1, 2020
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Quarterly Report	true
Entity File Number	000-25349
Entity Incorporation, State or Country Code	VA
Entity Tax Identification Number	54-0251350
Entity Address, Address Line One	440 East Commonwealth Boulevard
Entity Address, City or Town	Martinsville
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	24112
City Area Code	276
Local Phone Number	632-2133
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common Stock, no par value
Security Exchange Name	NASDAQ
Document Transition Report	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Nov. 01, 2020	Feb. 02, 2020
Current assets
Cash and cash equivalents	$ 93,874	$ 36,031
Trade accounts receivable, net	75,297	87,653
Inventories	64,083	92,813
Income tax recoverable	0	751
Prepaid expenses and other current assets	4,543	4,719
Total current assets	237,797	221,967
Property, plant and equipment, net	27,315	29,907
Cash surrender value of life insurance policies	25,104	24,888
Deferred taxes	14,152	2,880
Operating leases right-of-use assets	36,322	39,512
Intangible assets, net	26,833	33,371
Goodwill	490	40,058
Other assets	1,244	1,125
Total non-current assets	131,460	171,741
Total assets	369,257	393,708
Current liabilities
Current portion of term loans	25,741	5,834
Trade accounts payable	28,452	25,493
Accrued salaries, wages and benefits	4,491	4,933
Income tax payable	2,015	0
Customer deposits	4,319	3,351
Current portion of lease liabilities	6,772	6,307
Other accrued expenses	3,045	4,211
Total current liabilities	74,835	50,129
Long term debt	0	24,282
Deferred compensation	11,162	11,382
Lease liabilities	30,937	33,794
Other long-term liabilities	1,187	0
Total long-term liabilities	43,286	69,458
Total liabilities	118,121	119,587
Shareholders’ equity
Common stock, no par value, 20,000 shares authorized, 11,887 and 11,838 shares issued and outstanding on each date	53,055	51,582
Retained earnings	198,601	223,252
Accumulated other comprehensive loss	(520)	(713)
Total shareholders’ equity	251,136	274,121
Total liabilities and shareholders’ equity	$ 369,257	$ 393,708

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) - shares shares in Thousands	Nov. 01, 2020	Feb. 02, 2020
Statement of Financial Position [Abstract]
Common stock, shares authorized	20,000	20,000
Common stock, shares issued	11,887	11,838
Common stock, shares outstanding	11,887	11,838

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 01, 2020	Nov. 03, 2019	Nov. 01, 2020	Nov. 03, 2019
Income Statement [Abstract]
Net sales	$ 149,687	$ 158,176	$ 384,821	$ 445,942
Cost of sales	116,204	129,777	305,684	363,201
Gross profit	33,483	28,399	79,137	82,741
Selling and administrative expenses	19,850	22,810	57,920	67,286
Goodwill impairment charges	0	0	39,568	0
Trade name impairment charges	0	0	4,750	0
Intangible asset amortization	596	596	1,788	1,788
Operating income / (loss)	13,037	4,993	(24,889)	13,667
Other income, net	158	309	107	215
Interest expense, net	106	316	433	986
Income/(loss) before income taxes	13,089	4,986	(25,215)	12,896
Income tax expense / (benefit)	2,996	1,066	(6,263)	2,829
Net income/(loss)	$ 10,093	$ 3,920	$ (18,952)	$ 10,067
Earnings/(Loss) per share
Basic (in Dollars per share)	$ 0.85	$ 0.33	$ (1.61)	$ 0.85
Diluted (in Dollars per share)	$ 0.84	$ 0.33	$ (1.61)	$ 0.85
Weighted average shares outstanding:
Basic (in Shares)	11,833	11,789	11,818	11,782
Diluted (in Shares)	11,939	11,816	11,818	11,821
Cash dividends declared per share (in Dollars per share)	$ 0.16	$ 0.15	$ 0.48	$ 0.45

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS)/INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 01, 2020	Nov. 03, 2019	Nov. 01, 2020	Nov. 03, 2019
Statement of Comprehensive Income [Abstract]
Net income/(loss)	$ 10,093	$ 3,920	$ (18,952)	$ 10,067
Other comprehensive income (loss):
Gain on pension plan settlement	0	(520)	0	(520)
Income tax effect on settlement	0	124	0	124
Amortization of actuarial loss	84	37	253	111
Income tax effect on amortization	(20)	(9)	(60)	(27)
Adjustments to net periodic benefit cost	64	(368)	193	(312)
Total Comprehensive Income/(Loss)	$ 10,157	$ 3,552	$ (18,759)	$ 9,755

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Nov. 01, 2020	Nov. 03, 2019
Operating Activities:
Net (loss)/income	$ (18,952)	$ 10,067
Adjustments to reconcile net income to net cash provided by operating activities:
Goodwill and intangible asset impairment charges	44,318	0
Depreciation and amortization	5,052	5,260
Gain on pension settlement	0	(520)
Gain on disposal of assets	0	(271)
Deferred income tax (benefit) / expense	(10,143)	1,461
Noncash restricted stock and performance awards	1,473	891
Provision for doubtful accounts and sales allowances	4,527	1,365
Gain on life insurance policies	(1,750)	(715)
Changes in assets and liabilities:
Trade accounts receivable	7,829	18,589
Inventories	28,730	1,589
Income tax recoverable	751	(2,348)
Prepaid expenses and other current assets	620	(638)
Trade accounts payable	2,947	(13,456)
Accrued salaries, wages, and benefits	(441)	(2,553)
Accrued income taxes	2,015	(3,159)
Customer deposits	967	10,006
Operating lease liabilities	797	536
Other accrued expenses	(1,165)	350
Deferred compensation	32	156
Net cash provided by operating activities	67,607	26,610
Investing Activities:
Purchases of property and equipment	(642)	(4,745)
Proceeds received on notes from sale of assets	0	1,465
Premiums paid on life insurance policies	(519)	(558)
Proceeds received on life insurance policies	1,489	0
Net cash provided by/(used in) investing activities	328	(3,838)
Financing Activities:
Payments for long-term debt	(4,393)	(4,393)
Cash dividends paid	(5,699)	(5,316)
Cash used in financing activities	(10,092)	(9,709)
Net increase in cash and cash equivalents	57,843	13,063
Cash and cash equivalents - beginning of year	36,031	11,435
Cash and cash equivalents - end of quarter	93,874	24,498
Supplemental disclosure of cash flow information:
Cash paid for income taxes	2,301	6,754
Cash paid for interest, net	365	852
Non-cash transactions:
Increase in lease liabilities arising from obtaining right-of-use assets	2,103	272
Increase in property and equipment through accrued purchases	$ 12	$ 25

CONSOLIDATED STATEMENT OF STOCK

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance at Feb. 03, 2019	$ 49,549	$ 213,380	$ 247	$ 263,176
Balance (in Shares) at Feb. 03, 2019	11,785
Net income (loss)		10,067		10,067
Gain on pension settlement, net of tax			(396)	(396)
Unrealized gain 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
Balance at Feb. 02, 2020	$ 51,582	223,252	(713)	$ 274,121
Balance (in Shares) at Feb. 02, 2020	11,838			11,838
Net income (loss)		(18,952)		$ (18,952)
Unrealized gain loss on defined benefit plan, net of tax			193	193
Cash dividends paid and accrued		(5,699)		(5,699)
Restricted stock grants, net of forfeitures	$ 169			169
Restricted stock grants, net of forfeitures (in Shares)	49
Restricted stock compensation cost	$ 651			651
Recognition of PSUs as equity-based awards	653			653
Balance at Nov. 01, 2020	$ 53,055	$ 198,601	$ (520)	$ 251,136
Balance (in Shares) at Nov. 01, 2020	11,887			11,887

CONSOLIDATED STATEMENT OF STO_2

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Parentheticals) - USD ($) $ in Thousands	9 Months Ended
	Nov. 01, 2020	Nov. 03, 2019
Statement of Stockholders' Equity [Abstract]
Gain on pension settlement, tax	$ 0	$ 124
Unrealized gain loss on defined benefit plan, tax	$ 60	$ 27
Cash dividends paid and accrued, per share (in Dollars per share)	$ 0.16	$ 0.15

Preparation of Interim Financia

Preparation of Interim Financial Statements	9 Months Ended
	Nov. 01, 2020
Accounting Policies [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 2, 2020 (“2020 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 2021 fiscal year thirteen-week period (also referred to as “three months,” “three-month period,” “quarter,” “third quarter” or “quarterly period”) that began August 3, 2020, and the thirty-nine week period (also referred to as “nine months”, “nine-month period” or “year-to-date period”) that began February 3, 2020, which both ended November 1, 2020. This report discusses our results of operations for this period compared to the 2020 fiscal year thirteen-week period that began August 5, 2019 and the thirty-nine week period that began February 4, 2019, which both ended November 3, 2019; and our financial condition as of November 1, 2020 compared to February 2, 2020. References in these notes to the condensed consolidated financial statements of the Company to: ■ the 2021 fiscal year and comparable terminology mean the fifty-two-week fiscal year that began February 3, 2020 and will end January 31, 2021; and ■ the 2020 fiscal year and comparable terminology mean the fifty-two-week fiscal year that began February 4, 2019 and ended February 2, 2020. 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 2020, we updated our reportable segments. Consequently, the segment disclosures in this filing have been recast to reflect these changes and therefore differ from prior year quarterly filings. See Note 13 Segment Information for additional details.

Recently Adopted Accounting Pol

Recently Adopted Accounting Policies	9 Months Ended
	Nov. 01, 2020
Accounting Changes and Error Corrections [Abstract]
Accounting Changes and Error Corrections [Text Block]	2. Recently Adopted Accounting Policies In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326). This update seeks to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments, including trade receivables, and other commitments to extend credit held by a reporting entity at each reporting date. The amendments require an entity to replace the incurred loss impairment methodology in current GAAP with a methodology that reflects current expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The amendments are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. We adopted the provisions of Topic 326 on February 3, 2020, the first day of our 2021 fiscal year. The adoption of this standard did not have a material effect on our condensed consolidated financial statements or results of operations. We will continue to actively monitor the impact of the COVID-19 pandemic on expected credit losses. In December 2019, the FASB issued ASU 2019-12, Income Tax (Topic 740) – Simplifying the Accounting for Income Taxes. The amendments in this update simplify the accounting for income taxes by removing certain exceptions for intra-period tax allocation, the recognition of deferred tax liabilities after an investment in a foreign entity transitions to or from the equity method, and the general methodology for calculating income taxes in an interim period when a year-to-date loss exceeds the anticipated loss for the year. The amendments also introduce new guidance on determining how to apply the income tax guidance to franchise taxes that are partially based on income, clarifying the accounting for transactions that result in a step-up in the tax basis of goodwill, and the effect of an enacted change in tax laws or rates in the annual effective tax rate computation in the interim period. The amendments are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020, with early adoption permitted. We elected to adopt ASU 2019-12 on February 3, 2020, the first day of our 2021 fiscal year. The adoption of this standard resulted in additional $4.0 million of income tax benefit upon adoption. See Note 12 Income Taxes for additional details.

Accounts Receivable

Accounts Receivable	9 Months Ended
	Nov. 01, 2020
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	3. Accounts Receivable November 1, February 2, 2020 2020 Trade accounts receivable $ 84,467 $ 91,261 Receivable from factor - 788 Other accounts receivable allowances (7,503 ) (3,493 ) Allowance for doubtful accounts (1,667 ) (903 ) Accounts receivable $ 75,297 $ 87,653 “Receivable from factor” represented amounts due with respect to factored accounts receivable. The agreement was discontinued in early fiscal 2021.

Inventories

Inventories	9 Months Ended
	Nov. 01, 2020
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	4. Inventories November 1, February 2, 2020 2020 Finished furniture $ 76,943 $ 106,495 Furniture in process 1,297 1,304 Materials and supplies 7,585 8,479 Inventories at FIFO 85,825 116,278 Reduction to LIFO basis (21,742 ) (23,465 ) Inventories $ 64,083 $ 92,813

Property, Plant and Equipment

Property, Plant and Equipment	9 Months Ended
	Nov. 01, 2020
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	5. Property, Plant and Equipment Depreciable Lives November 1, February 2, (In years) 2020 2020 Buildings and land improvements 15 - 30 $ 31,316 $ 31,316 Computer software and hardware 3 - 10 19,294 19,166 Machinery and equipment 10 9,348 9,271 Leasehold improvements Term of lease 9,882 9,737 Furniture and fixtures 3 - 10 2,617 2,597 Other 5 651 651 Total depreciable property at cost 73,108 72,738 Less accumulated depreciation 47,335 44,089 Total depreciable property, net 25,773 28,649 Land 1,077 1,077 Construction-in-progress 465 181 Property, plant and equipment, net $ 27,315 $ 29,907

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Nov. 01, 2020
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 1, 2020 and February 2, 2020, 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. Our assets measured at fair value on a recurring basis at November 1, 2020 and February 2, 2020, were as follows: Fair value at November 1, 2020 Fair value at February 2, 2020 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 $ - $ 25,104 $ - $ 25,104 $ - $ 24,888 $ - $ 24,888

Intangible Assets

Intangible Assets	9 Months Ended
	Nov. 01, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets Disclosure [Text Block]	7. Intangible Assets The adverse economic effects brought on by the COVID-19 pandemic, including reductions in our sales, earnings and market value, as well as other changing market dynamics, required that we perform a valuation of our intangible assets. The calculation methodology for the fair value of our Home Meridian segment and the Shenandoah division of our Domestic Upholstery segment included three approaches: the Discounted Cash Flow Method (DCF) which was given the largest weighting, the Guideline Public Company Method (GPCM) based on the consideration of the facts of the Company’s peer competitors and the Guideline Transaction Method (GTM) based on consideration of transactions with varying risk profiles, geographies and market conditions. The income approach, specifically the relief from royalty method, was used as the valuation methodology for our trade names and trademarks, based on cash flow projections and growth rates for each trade name for five years in the future provided by management, and a royalty rate benchmark for companies with similar activities. As a result of our intangible asset valuation analysis, in the first quarter of fiscal 2021, we recorded $44.3 million non-cash impairment charges including $23.2 million to Home Meridian goodwill, $16.4 million to Shenandoah goodwill and $4.8 million to certain of Home Meridian segment’s trade names. Thirty-Nine Weeks Ended November 1, 2020 February 2, 2020 Non-amortizable Intangible Assets Segment Beginning Balance Impairment Charges Net Book Value Beginning Balance Impairment Charges Net Book Value Goodwill Home Meridian $ 23,187 $ (23,187 ) $ - $ 23,187 $ - $ 23,187 Goodwill Domestic Upholstery 16,871 (16,381 ) 490 16,871 - 16,871 Total Goodwill 40,058 (39,568 ) 490 40,058 - 40,058 Trademarks and trade names - Home Meridian Home Meridian 11,400 (4,750 ) 6,650 11,400 - 11,400 Trademarks and trade names - Bradington-Young Domestic Upholstery 861 - 861 861 - 861 Trademarks and trade names - Sam Moore Domestic Upholstery 396 - 396 396 - 396 Total Trademarks and trade names $ 12,657 $ (4,750 ) $ 7,907 $ 12,657 $ - $ 12,657 Total non-amortizable assets $ 52,715 $ (44,318 ) $ 8,397 $ 52,715 $ - $ 52,715 Our amortizable intangible assets are recorded in our Home Meridian and Domestic Upholstery segments. The carrying amounts and changes therein of those amortizable intangible assets were as follows: Amortizable Intangible Assets Customer Relationships Trademarks Totals Balance at February 2, 2020 $ 19,996 $ 718 $ 20,714 Amortization (1,743 ) (45 ) (1,788 ) Balance at November 1, 2020 $ 18,253 $ 673 $ 18,926 For the remainder of fiscal 2021, amortization expense is expected to be approximately $596,000.

Leases

Leases	9 Months Ended
	Nov. 01, 2020
Disclosure Text Block [Abstract]
Lessor, Operating Leases [Text Block]	8. Leases In fiscal 2020, we adopted Accounting Standards Codification Topic 842 Leases. Thirteen Weeks Ended Thirty-Nine Weeks Ended November 1, 2020 November 3, 2019 November 1, 2020 November 3, 2019 Operating lease cost $ 2,061 $ 2,090 $ 6,319 $ 6,289 Variable lease cost 37 - 105 - Short-term lease cost 70 173 272 467 Total operating lease cost $ 2,168 $ 2,263 $ 6,696 $ 6,756 Operating cash outflows $ 2,056 $ 1,918 $ 5,908 $ 6,255 The right-of-use assets and lease liabilities recorded on our Condensed Consolidated Balance Sheets as of November 1, 2020 were: November 1, 2020 February 2, 2020 Real estate $ 35,374 $ 38,175 Property and equipment 948 1,337 Total operating leases right-of-use assets $ 36,322 $ 39,512 Current portion of operating lease liabilities $ 6,772 $ 6,307 Long term operating lease liabilities 30,937 33,794 Total operating lease liabilities $ 37,709 $ 40,101 The weighted-average remaining lease term is 6.8 years. We used our incremental borrowing rate which is LIBOR plus 1.5% at the adoption date. The weighted-average discount rate is 2.3%. Due to the COVID-19 pandemic, we received concessions on several of our leases, including changes in lease terms and deferred rent payments. We accounted for the concessions as lease modifications and used current LIBOR plus 1.5% for those leases. The weighted-average discount rate decreased due to a decrease in LIBOR. None of the modifications had a material effect on our condensed consolidated financial statements or results of operations. The following table reconciles the undiscounted future lease payments for operating leases to the operating lease liabilities recorded in the condensed consolidated balance sheets on November 1, 2020: Undiscounted Future Operating Lease Payments Remainder of 2020 $ 1,949 2021 7,329 2022 5,557 2023 5,629 2024 5,253 2025 and thereafter 15,145 Total lease payments $ 40,862 Less: impact of discounting (3,153 ) Present value of lease payments $ 37,709 As of November 1, 2020, the Company has an additional lease for a warehouse in Georgia that had not yet commenced with estimated future minimum rental commitments of approximately $28 million. This lease is expected to commence in December 2021 with lease term of up to 10 years. Since the lease has not commenced, the undiscounted amounts are not included in the table above.

Debt

Debt	9 Months Ended
	Nov. 01, 2020
Debt Disclosure [Abstract]
Long-term Debt [Text Block]	9. Debt As of November 1, 2020, we had an aggregate $25.7 million available under the Existing Revolver 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 1, 2020. There were no additional borrowings outstanding under the Existing Revolver as of November 1, 2020. We currently have one unsecured term loan and one secured term loan outstanding and a revolving credit facility. The term loans are related to the Home Meridian acquisition. The full remaining principal amounts of $25.7 million on our term loans are due on or before February 1, 2021. We expect to pay off our term loans in full and enter into a new credit facility on or before the expiration of the current agreement. Subsequent to the end of the fiscal 2021 third quarter, the Existing Revolver was amended to increase the sublimit of the facility available for the issuance of letters of credit from $4 million to $10 million in order to support import purchases.

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
	Nov. 01, 2020
Retirement Benefits [Abstract]
Retirement Benefits [Text Block]	10. Employee Benefit Plans We maintain two “frozen” retirement plans, which are paying benefits and may include active employees among the participants. We do not expect to add participants to these plans in the future. The two plans include: ■ a supplemental retirement income plan (“SRIP”) for certain former and current executives of Hooker Furniture Corporation; and ■ the Pulaski Furniture Corporation Supplemental Executive Retirement Plan (“SERP”) for certain former executives. Thirteen Weeks Ended Thirty-Nine Weeks Ended November 1, November 3, November 1, November 3, 2020 2019 2020 2019 Net periodic benefit costs Service cost 32 26 96 78 Interest cost 74 204 222 613 Actuarial loss 84 37 253 111 Expected return on pension plan assets - (101 ) - (304 ) Pension plan administrative expenses - 98 - 293 Consolidated net periodic benefit costs $ 190 $ 264 $ 571 $ 791 The SRIP and SERP plans are unfunded plans. In fiscal 2021, we paid $179,000 in the third quarter and $538,000 in the first nine months and expect to pay a total of approximately $191,000 in benefit payments from our general assets during the remainder of fiscal 2021 to fund SRIP and SERP payments.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Nov. 01, 2020
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 2. Summary of Significant Accounting Policies, in the financial statements included in our 2020 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 1, February 2, 2020 2020 Restricted shares 55 46 RSUs and PSUs 159 76 214 122 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 goals. 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 1, November 3, November 1, November 3, 2020 2019 2020 2019 Net income/(loss) $ 10,093 $ 3,920 $ (18,952 ) $ 10,067 Less: Unvested participating restricted stock dividends 9 7 26 18 Net earnings allocated to unvested participating restricted stock 47 16 - 33 Earnings/(loss) available for common shareholders 10,037 3,897 (18,978 ) 10,016 Weighted average shares outstanding for basic earnings per share 11,833 11,789 11,818 11,782 Dilutive effect of unvested restricted stock, RSU and PSU awards 106 27 * 39 Weighted average shares outstanding for diluted earnings per share 11,939 11,816 11,818 11,821 Basic earnings/(loss) per share $ 0.85 $ 0.33 $ (1.61 ) $ 0.85 Diluted earnings/(loss) per share $ 0.84 $ 0.33 $ (1.61 ) $ 0.85 *Due to the fiscal 2021 year-to-date net loss, approximately 92,000 shares would have been antidilutive and are therefore excluded from the calculation of earnings per share for the thirty-nine weeks ended November 1, 2020.

Income Taxes

Income Taxes	9 Months Ended
	Nov. 01, 2020
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	12. Income Taxes We recorded income tax expense of $3.0 million for the fiscal 2021 third quarter compared to $1.1 million for the comparable prior year period. The effective tax rates for the fiscal 2021 and 2020 third quarters were 22.9% and 21.4%, respectively. We recorded income tax benefit of $6.3 million for the fiscal 2021 first nine months, of which income tax benefit of $10.7 million was recorded related to goodwill and trade name impairment charges, compared to $2.8 million income tax expense for the comparable prior year period. The effective tax rates for the first nine months of fiscal 2021 and 2020 were 24.8% and 21.9%, respectively. An entity is required to make its best estimate of the annual effective tax rate for the full fiscal year at the end of each interim period and to use this rate to calculate its income taxes on a year-to-date basis. Under the current income tax guidance, there is an exception that when the year-to-date loss for an interim period exceeds the projected loss for the full fiscal year, the income tax benefit recognized year-to-date is limited to the amount of benefit that would be recognized if the year-to-date loss were the anticipated loss for the full fiscal year. ASU 2019-12 removes this exception and no longer limits the computed benefit. We elected to early adopt ASU 2019-12 in the first quarter of fiscal 2021 and recognized an additional $4.0 million of income tax benefits upon adoption. In the nine months period, we recognized additional $2.4 million of income tax benefit. The net unrecognized tax benefits as of November 1, 2020 and February 2, 2020, which, if recognized, would affect our effective tax rate are $3,000. Tax years ending January 29, 2017 through February 2, 2020 remain subject to examination by federal and state taxing authorities.

Segment Information

Segment Information	9 Months Ended
	Nov. 01, 2020
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	13. Segment Information As a public entity, we are required to present disaggregated information by segment using the management approach. The objective of this approach is to allow users of our financial statements to see our business through the eyes of management based upon the way management reviews performance and makes decisions. The management approach requires segment information to be reported based on how management internally evaluates the operating performance of the company’s business units or segments. The objective of this approach is to meet the basic principles of segment reporting as outlined in 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 2020, we updated our reportable segments as follows: domestic upholstery producers Bradington-Young, Sam Moore and Shenandoah Furniture were moved from All Other and aggregated into a new reportable segment called “Domestic Upholstery.” All Other now consists of H Contract and Lifestyle Brands. Lifestyle Brands is a business in its start-up phase targeted at the interior design channel. The Hooker Branded and Home Meridian segments were unchanged. Therefore, for financial reporting purposes, we are organized into three reportable segments and “All Other”, which includes the remainder of our businesses: ■ Hooker Branded ■ Home Meridian ■ Domestic Upholstery, ■ All Other The following table presents segment information for the periods, and as of the dates, indicated. Prior-year information has been recast to reflect the changes in segments discussed above: Thirteen Weeks Ended Thirty-Nine Weeks Ended November 1, 2020 November 3, 2019 November 1, 2020 November 3, 2019 % Net % Net % Net % Net Net Sales Sales Sales Sales Sales Hooker Branded $ 47,287 31.6 % $ 43,703 27.6 % $ 113,268 29.4 % $ 122,707 27.5 % Home Meridian 73,727 49.3 % 85,776 54.2 % 202,560 52.6 % 240,594 54.0 % Domestic Upholstery 25,350 16.9 % 25,029 15.9 % 59,640 15.6 % 73,016 16.3 % All Other 3,323 2.2 % 3,668 2.3 % 9,353 2.4 % 9,625 2.2 % Consolidated $ 149,687 100.0 % $ 158,176 100.0 % $ 384,821 100.0 % $ 445,942 100.0 % Gross Profit Hooker Branded $ 15,446 32.7 % $ 13,947 31.9 % $ 35,894 31.7 % $ 38,323 31.2 % Home Meridian 11,169 15.1 % 7,286 8.5 % 28,489 14.1 % 24,139 10.0 % Domestic Upholstery 5,751 22.7 % 5,847 23.4 % 11,555 19.4 % 16,766 23.0 % All Other 1,117 33.6 % 1,319 36.0 % 3,199 34.2 % 3,513 36.5 % Consolidated $ 33,483 22.4 % $ 28,399 18.0 % $ 79,137 20.6 % $ 82,741 18.6 % Operating Income/(Loss) Hooker Branded $ 7,686 16.3 % $ 6,188 14.2 % $ 15,108 13.3 % $ 15,453 12.6 % Home Meridian 2,510 3.4 % (3,955 ) -4.6 % (26,754 ) -13.2 % (9,013 ) -3.7 % Domestic Upholstery 2,421 9.6 % 2,278 9.1 % (14,399 ) -24.1 % 5,830 8.0 % All Other 420 12.6 % 482 13.2 % 1,156 12.4 % 1,397 14.5 % Consolidated $ 13,037 8.7 % $ 4,993 3.2 % $ (24,889 ) -6.5 % $ 13,667 3.1 % Capital Expenditures Hooker Branded $ 60 $ 89 $ 173 $ 600 Home Meridian 27 126 137 300 Domestic Upholstery 82 871 332 3,835 All Other - - - 10 Consolidated $ 169 $ 1,086 $ 642 $ 4,745 Depreciation & Amortization Hooker Branded $ 444 $ 471 $ 1,338 $ 1,453 Home Meridian 540 549 1,608 1,627 Domestic Upholstery 700 765 2,097 2,170 All Other 3 3 9 10 Consolidated $ 1,687 $ 1,788 $ 5,052 $ 5,260 As of November 1, As of February 2, 2020 %Total 2020 %Total Identifiable Assets Assets Assets Hooker Branded $ 201,158 58.8 % $ 144,112 45.0 % Home Meridian 91,547 26.8 % 138,313 43.2 % Domestic Upholstery 47,775 14.0 % 36,085 11.3 % All Other 1,454 0.4 % 1,769 0.5 % Consolidated $ 341,934 100.0 % $ 320,279 100.0 % Consolidated Goodwill and Intangibles 27,323 73,429 Total Consolidated Assets $ 369,257 $ 393,708 Sales by product type are as follows: Net Sales (in thousands) Thirteen Weeks Ended Thirty-Nine Weeks Ended November 1, 2020 %Total November 3, 2019 %Total November 1, 2020 %Total November 3, 2019 %Total Casegoods $ 91,457 61 % $ 105,018 66 % $ 234,905 61 % $ 288,470 65 % Upholstery 58,230 39 % 53,158 34 % 149,916 39 % 157,472 35 % $ 149,687 100 % $ 158,176 100 % $ 384,821 100 % $ 445,942 100 %

Subsequent Events

Subsequent Events	9 Months Ended
	Nov. 01, 2020
Subsequent Events [Abstract]
Subsequent Events [Text Block]	14. Subsequent Events Loan agreement On November 4, 2020, we entered the Second Amendment to the Second Amended and Restated Loan Agreement (the “Agreement”) to amend certain provisions of the Existing Loan Agreement. The Agreement was amended to increase the sublimit of the facility available for the issuance of letters of credit from $4 million to $10 million in order to support import purchases. Dividends On December 2, 2020, our board of directors declared a quarterly cash dividend of $0.18 per share, payable on December 31, 2020 to shareholders of record at December 16, 2020. This represents a 12.5% increase over the previous quarterly dividend and the fifth consecutive annual dividend increase.

Accounts Receivable (Tables)

Accounts Receivable (Tables)	9 Months Ended
	Nov. 01, 2020
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	November 1, February 2, 2020 2020 Trade accounts receivable $ 84,467 $ 91,261 Receivable from factor - 788 Other accounts receivable allowances (7,503 ) (3,493 ) Allowance for doubtful accounts (1,667 ) (903 ) Accounts receivable $ 75,297 $ 87,653

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Nov. 01, 2020
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	November 1, February 2, 2020 2020 Finished furniture $ 76,943 $ 106,495 Furniture in process 1,297 1,304 Materials and supplies 7,585 8,479 Inventories at FIFO 85,825 116,278 Reduction to LIFO basis (21,742 ) (23,465 ) Inventories $ 64,083 $ 92,813

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	9 Months Ended
	Nov. 01, 2020
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	Depreciable Lives November 1, February 2, (In years) 2020 2020 Buildings and land improvements 15 - 30 $ 31,316 $ 31,316 Computer software and hardware 3 - 10 19,294 19,166 Machinery and equipment 10 9,348 9,271 Leasehold improvements Term of lease 9,882 9,737 Furniture and fixtures 3 - 10 2,617 2,597 Other 5 651 651 Total depreciable property at cost 73,108 72,738 Less accumulated depreciation 47,335 44,089 Total depreciable property, net 25,773 28,649 Land 1,077 1,077 Construction-in-progress 465 181 Property, plant and equipment, net $ 27,315 $ 29,907

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Nov. 01, 2020
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 1, 2020 and February 2, 2020, were as follows: Fair value at November 1, 2020 Fair value at February 2, 2020 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 $ - $ 25,104 $ - $ 25,104 $ - $ 24,888 $ - $ 24,888

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
	Nov. 01, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Indefinite-Lived Intangible Assets [Table Text Block]	As a result of our intangible asset valuation analysis, in the first quarter of fiscal 2021, we recorded $44.3 million non-cash impairment charges including $23.2 million to Home Meridian goodwill, $16.4 million to Shenandoah goodwill and $4.8 million to certain of Home Meridian segment’s trade names. Thirty-Nine Weeks Ended November 1, 2020 February 2, 2020 Non-amortizable Intangible Assets Segment Beginning Balance Impairment Charges Net Book Value Beginning Balance Impairment Charges Net Book Value Goodwill Home Meridian $ 23,187 $ (23,187 ) $ - $ 23,187 $ - $ 23,187 Goodwill Domestic Upholstery 16,871 (16,381 ) 490 16,871 - 16,871 Total Goodwill 40,058 (39,568 ) 490 40,058 - 40,058 Trademarks and trade names - Home Meridian Home Meridian 11,400 (4,750 ) 6,650 11,400 - 11,400 Trademarks and trade names - Bradington-Young Domestic Upholstery 861 - 861 861 - 861 Trademarks and trade names - Sam Moore Domestic Upholstery 396 - 396 396 - 396 Total Trademarks and trade names $ 12,657 $ (4,750 ) $ 7,907 $ 12,657 $ - $ 12,657 Total non-amortizable assets $ 52,715 $ (44,318 ) $ 8,397 $ 52,715 $ - $ 52,715
Schedule of Finite-Lived Intangible Assets [Table Text Block]	Our amortizable intangible assets are recorded in our Home Meridian and Domestic Upholstery segments. The carrying amounts and changes therein of those amortizable intangible assets were as follows: Amortizable Intangible Assets Customer Relationships Trademarks Totals Balance at February 2, 2020 $ 19,996 $ 718 $ 20,714 Amortization (1,743 ) (45 ) (1,788 ) Balance at November 1, 2020 $ 18,253 $ 673 $ 18,926

Leases (Tables)

Leases (Tables)	9 Months Ended
	Nov. 01, 2020
Disclosure Text Block [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 ended November 1, 2020 were: Thirteen Weeks Ended Thirty-Nine Weeks Ended November 1, 2020 November 3, 2019 November 1, 2020 November 3, 2019 Operating lease cost $ 2,061 $ 2,090 $ 6,319 $ 6,289 Variable lease cost 37 - 105 - Short-term lease cost 70 173 272 467 Total operating lease cost $ 2,168 $ 2,263 $ 6,696 $ 6,756 Operating cash outflows $ 2,056 $ 1,918 $ 5,908 $ 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 1, 2020 were: November 1, 2020 February 2, 2020 Real estate $ 35,374 $ 38,175 Property and equipment 948 1,337 Total operating leases right-of-use assets $ 36,322 $ 39,512 Current portion of operating lease liabilities $ 6,772 $ 6,307 Long term operating lease liabilities 30,937 33,794 Total operating lease liabilities $ 37,709 $ 40,101
Lessee, Operating Lease, Liability, Maturity [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 sheets on November 1, 2020: Undiscounted Future Operating Lease Payments Remainder of 2020 $ 1,949 2021 7,329 2022 5,557 2023 5,629 2024 5,253 2025 and thereafter 15,145 Total lease payments $ 40,862 Less: impact of discounting (3,153 ) Present value of lease payments $ 37,709

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	9 Months Ended
	Nov. 01, 2020
Supplemental Retirement Income Plan ("SRIP") and Supplemental Executive Retirement Plan ("SERP") [Member]
Employee Benefit Plans (Tables) [Line Items]
Schedule of Net Benefit Costs [Table Text Block]	Thirteen Weeks Ended Thirty-Nine Weeks Ended November 1, November 3, November 1, November 3, 2020 2019 2020 2019 Net periodic benefit costs Service cost 32 26 96 78 Interest cost 74 204 222 613 Actuarial loss 84 37 253 111 Expected return on pension plan assets - (101 ) - (304 ) Pension plan administrative expenses - 98 - 293 Consolidated net periodic benefit costs $ 190 $ 264 $ 571 $ 791

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Nov. 01, 2020
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 1, February 2, 2020 2020 Restricted shares 55 46 RSUs and PSUs 159 76 214 122
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 Thirty-Nine Weeks Ended November 1, November 3, November 1, November 3, 2020 2019 2020 2019 Net income/(loss) $ 10,093 $ 3,920 $ (18,952 ) $ 10,067 Less: Unvested participating restricted stock dividends 9 7 26 18 Net earnings allocated to unvested participating restricted stock 47 16 - 33 Earnings/(loss) available for common shareholders 10,037 3,897 (18,978 ) 10,016 Weighted average shares outstanding for basic earnings per share 11,833 11,789 11,818 11,782 Dilutive effect of unvested restricted stock, RSU and PSU awards 106 27 * 39 Weighted average shares outstanding for diluted earnings per share 11,939 11,816 11,818 11,821 Basic earnings/(loss) per share $ 0.85 $ 0.33 $ (1.61 ) $ 0.85 Diluted earnings/(loss) per share $ 0.84 $ 0.33 $ (1.61 ) $ 0.85 *Due to the fiscal 2021 year-to-date net loss, approximately 92,000 shares would have been antidilutive and are therefore excluded from the calculation of earnings per share for the thirty-nine weeks ended November 1, 2020.

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Nov. 01, 2020
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. Prior-year information has been recast to reflect the changes in segments discussed above: Thirteen Weeks Ended Thirty-Nine Weeks Ended November 1, 2020 November 3, 2019 November 1, 2020 November 3, 2019 % Net % Net % Net % Net Net Sales Sales Sales Sales Sales Hooker Branded $ 47,287 31.6 % $ 43,703 27.6 % $ 113,268 29.4 % $ 122,707 27.5 % Home Meridian 73,727 49.3 % 85,776 54.2 % 202,560 52.6 % 240,594 54.0 % Domestic Upholstery 25,350 16.9 % 25,029 15.9 % 59,640 15.6 % 73,016 16.3 % All Other 3,323 2.2 % 3,668 2.3 % 9,353 2.4 % 9,625 2.2 % Consolidated $ 149,687 100.0 % $ 158,176 100.0 % $ 384,821 100.0 % $ 445,942 100.0 % Gross Profit Hooker Branded $ 15,446 32.7 % $ 13,947 31.9 % $ 35,894 31.7 % $ 38,323 31.2 % Home Meridian 11,169 15.1 % 7,286 8.5 % 28,489 14.1 % 24,139 10.0 % Domestic Upholstery 5,751 22.7 % 5,847 23.4 % 11,555 19.4 % 16,766 23.0 % All Other 1,117 33.6 % 1,319 36.0 % 3,199 34.2 % 3,513 36.5 % Consolidated $ 33,483 22.4 % $ 28,399 18.0 % $ 79,137 20.6 % $ 82,741 18.6 % Operating Income/(Loss) Hooker Branded $ 7,686 16.3 % $ 6,188 14.2 % $ 15,108 13.3 % $ 15,453 12.6 % Home Meridian 2,510 3.4 % (3,955 ) -4.6 % (26,754 ) -13.2 % (9,013 ) -3.7 % Domestic Upholstery 2,421 9.6 % 2,278 9.1 % (14,399 ) -24.1 % 5,830 8.0 % All Other 420 12.6 % 482 13.2 % 1,156 12.4 % 1,397 14.5 % Consolidated $ 13,037 8.7 % $ 4,993 3.2 % $ (24,889 ) -6.5 % $ 13,667 3.1 % Capital Expenditures Hooker Branded $ 60 $ 89 $ 173 $ 600 Home Meridian 27 126 137 300 Domestic Upholstery 82 871 332 3,835 All Other - - - 10 Consolidated $ 169 $ 1,086 $ 642 $ 4,745 Depreciation & Amortization Hooker Branded $ 444 $ 471 $ 1,338 $ 1,453 Home Meridian 540 549 1,608 1,627 Domestic Upholstery 700 765 2,097 2,170 All Other 3 3 9 10 Consolidated $ 1,687 $ 1,788 $ 5,052 $ 5,260
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. Prior-year information has been recast to reflect the changes in segments discussed above: As of November 1, As of February 2, 2020 %Total 2020 %Total Identifiable Assets Assets Assets Hooker Branded $ 201,158 58.8 % $ 144,112 45.0 % Home Meridian 91,547 26.8 % 138,313 43.2 % Domestic Upholstery 47,775 14.0 % 36,085 11.3 % All Other 1,454 0.4 % 1,769 0.5 % Consolidated $ 341,934 100.0 % $ 320,279 100.0 % Consolidated Goodwill and Intangibles 27,323 73,429 Total Consolidated Assets $ 369,257 $ 393,708
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 1, 2020 %Total November 3, 2019 %Total November 1, 2020 %Total November 3, 2019 %Total Casegoods $ 91,457 61 % $ 105,018 66 % $ 234,905 61 % $ 288,470 65 % Upholstery 58,230 39 % 53,158 34 % 149,916 39 % 157,472 35 % $ 149,687 100 % $ 158,176 100 % $ 384,821 100 % $ 445,942 100 %

Accounts Receivable (Details) -

Accounts Receivable (Details) - Schedule of Accounts, Notes, Loans and Financing Receivable - USD ($) $ in Thousands	Nov. 01, 2020	Feb. 02, 2020
Schedule of Accounts, Notes, Loans and Financing Receivable [Abstract]
Trade accounts receivable	$ 84,467	$ 91,261
Receivable from factor	0	788
Other accounts receivable allowances	(7,503)	(3,493)
Allowance for doubtful accounts	(1,667)	(903)
Accounts receivable	$ 75,297	$ 87,653

Inventories (Details) - Schedul

Inventories (Details) - Schedule of Inventory, Current - USD ($) $ in Thousands	Nov. 01, 2020	Feb. 02, 2020
Schedule of Inventory, Current [Abstract]
Finished furniture	$ 76,943	$ 106,495
Furniture in process	1,297	1,304
Materials and supplies	7,585	8,479
Inventories at FIFO	85,825	116,278
Reduction to LIFO basis	(21,742)	(23,465)
Inventories	$ 64,083	$ 92,813

Property, Plant and Equipment_2

Property, Plant and Equipment (Details) - Property, Plant and Equipment - USD ($) $ in Thousands	9 Months Ended
	Nov. 01, 2020	Feb. 02, 2020
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 73,108	$ 72,738
Less accumulated depreciation	47,335	44,089
Total depreciable property, net	25,773	28,649
Land	1,077	1,077
Construction-in-progress	465	181
Property, plant and equipment, net	27,315	29,907
Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 31,316	31,316
Building and Building Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Depreciable Lives	15
Building and Building Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Depreciable Lives	30
Computer Software and Hardware [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 19,294	19,166
Computer Software and Hardware [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Depreciable Lives	3
Computer Software and Hardware [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Depreciable Lives	10
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 9,348	9,271
Property, Plant and Equipment, Depreciable Lives	10
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 9,882	9,737
Property, Plant and Equipment, Depreciable Lives	Term of lease
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 2,617	2,597
Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Depreciable Lives	3
Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Depreciable Lives	10
Property, Plant and Equipment, Other Types [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 651	$ 651
Property, Plant and Equipment, Depreciable Lives	5

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis - USD ($) $ in Thousands	Nov. 01, 2020	Feb. 02, 2020
Assets measured at fair value
Company-owned life insurance	$ 25,104	$ 24,888
Fair Value, Inputs, Level 1 [Member]
Assets measured at fair value
Company-owned life insurance	0	0
Fair Value, Inputs, Level 2 [Member]
Assets measured at fair value
Company-owned life insurance	25,104	24,888
Fair Value, Inputs, Level 3 [Member]
Assets measured at fair value
Company-owned life insurance	$ 0	$ 0

Intangible Assets (Details)

Intangible Assets (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Nov. 01, 2020	Nov. 03, 2019	Nov. 01, 2020	Nov. 03, 2019	Feb. 02, 2020
Intangible Assets (Details) [Line Items]
Goodwill and Intangible Asset Impairment			$ 44,318,000	$ 0	$ 0
Goodwill, Impairment Loss	$ 0	$ 0	39,568,000	0
Asset Impairment Charges	0	$ 0	4,750,000	$ 0
Finite-Lived Intangible Asset, Expected Amortization, Remainder of Fiscal Year	$ 596,000		596,000
Home Meridian International [Member]
Intangible Assets (Details) [Line Items]
Goodwill, Impairment Loss			23,200,000
Shenandoah Furniture, Inc, [Member]
Intangible Assets (Details) [Line Items]
Goodwill, Impairment Loss			$ 16,400,000

Intangible Assets (Details) - S

Intangible Assets (Details) - Schedule of Indefinite-Lived Intangible Assets - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Nov. 01, 2020	Nov. 03, 2019	Nov. 01, 2020	Nov. 03, 2019	Feb. 02, 2020
Indefinite-lived Intangible Assets [Line Items]
Goodwill, Impairment Charges	$ 0	$ 0	$ (39,568)	$ 0
Goodwill, Net Book Value	490		490		$ 40,058
Trademarks and trade names, Impairment Charges	0	$ 0	(4,750)	0
Total non-amortizable assets, Balance	52,715		52,715		52,715
Total non-amortizable assets, Impairment Charges			(44,318)	$ 0	0
Total non-amortizable assets, Net Book Value	8,397		8,397		52,715
Home Meridian International [Member] | Trademarks and Trade Names [Member]
Indefinite-lived Intangible Assets [Line Items]
Trademarks and trade names, Balance	11,400		11,400		11,400
Trademarks and trade names, Impairment Charges			(4,750)		0
Trademarks and trade names, Net Book Value	6,650		6,650		11,400
Goodwill [Member]
Indefinite-lived Intangible Assets [Line Items]
Goodwill, Balance	40,058		40,058		40,058
Goodwill, Impairment Charges			(39,568)		0
Goodwill, Net Book Value	490		490		40,058
Goodwill [Member] | Home Meridian International [Member]
Indefinite-lived Intangible Assets [Line Items]
Goodwill, Balance	23,187		23,187		23,187
Goodwill, Impairment Charges			(23,187)		0
Goodwill, Net Book Value	0		0		23,187
Goodwill [Member] | Other Segments [Member]
Indefinite-lived Intangible Assets [Line Items]
Goodwill, Balance	16,871		16,871		16,871
Goodwill, Impairment Charges			(16,381)		0
Goodwill, Net Book Value	490		490		16,871
Trademarks and Trade Names [Member]
Indefinite-lived Intangible Assets [Line Items]
Trademarks and trade names, Balance	12,657		12,657		12,657
Trademarks and trade names, Impairment Charges			(4,750)		0
Trademarks and trade names, Net Book Value	7,907		7,907		12,657
Trademarks and Trade Names [Member] | Bradington-Young [Member]
Indefinite-lived Intangible Assets [Line Items]
Trademarks and trade names, Balance	861		861		861
Trademarks and trade names, Impairment Charges			0		0
Trademarks and trade names, Net Book Value	861		861		861
Trademarks and Trade Names [Member] | Sam Moore [Member]
Indefinite-lived Intangible Assets [Line Items]
Trademarks and trade names, Balance	396		396		396
Trademarks and trade names, Impairment Charges			0		0
Trademarks and trade names, Net Book Value	$ 396		$ 396		$ 396

Intangible Assets (Details) -_2

Intangible Assets (Details) - Schedule of Finite-Lived Intangible Assets $ in Thousands	9 Months Ended
	Nov. 01, 2020USD ($)
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Balance	$ 19,996
Amortization	(1,743)
Balance	18,253
Order or Production Backlog [Member]
Finite-Lived Intangible Assets [Line Items]
Balance	718
Amortization	(45)
Balance	673
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Balance	20,714
Amortization	(1,788)
Balance	$ 18,926

Leases (Details)

Leases (Details)	Nov. 01, 2020USD ($)	Nov. 01, 2020USD ($)	Nov. 01, 2020USD ($)
Leases (Details) [Line Items]
Operating Leases, Income Statement, Sublease Revenue		$ 144,000	$ 432,000
Operating Lease, Weighted Average Remaining Lease Term	6 years 9 months 18 days	6 years 9 months 18 days	6 years 9 months 18 days
Operating Lease, Weighted Average Discount Rate, Percent	2.30%	2.30%	2.30%
Operating Leases, Rent Expense, Minimum Rentals	$ 28,000,000
Lessee, Operating Lease, Term of Contract	10 years	10 years	10 years
London Interbank Offered Rate (LIBOR) [Member]
Leases (Details) [Line Items]
Operating Leases of Lessee, Contingent Rentals, Basis Spread on Variable Rate	1.50%	1.50%	1.50%

Leases (Details) - Lease, Cost

Leases (Details) - Lease, Cost - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 01, 2020	Nov. 03, 2019	Nov. 01, 2020	Nov. 03, 2019
Leases (Details) - Lease, Cost [Line Items]
Operating lease cost	$ 2,168	$ 2,263	$ 6,696	$ 6,756
Operating cash outflows	2,056	1,918	5,908	6,255
Operating Lease Costs [Member]
Leases (Details) - Lease, Cost [Line Items]
Operating lease cost	2,061	2,090	6,319	6,289
Variable Lease Cost [Member]
Leases (Details) - Lease, Cost [Line Items]
Operating lease cost	37	0	105	0
Leases Less Then 12 Months [Member]
Leases (Details) - Lease, Cost [Line Items]
Operating lease cost	$ 70	$ 173	$ 272	$ 467

Leases (Details) - Schedule of

Leases (Details) - Schedule of Right-of-Use Assets and Lease Liabilities - USD ($) $ in Thousands	Nov. 01, 2020	Feb. 02, 2020
Leases (Details) - Schedule of Right-of-Use Assets and Lease Liabilities [Line Items]
Operating leases right-of-use assets	$ 36,322	$ 39,512
Current portion of operating lease liabilities	6,772	6,307
Long term operating lease liabilities	30,937	33,794
Total operating lease liabilities	37,709	40,101
Real Estate [Member]
Leases (Details) - Schedule of Right-of-Use Assets and Lease Liabilities [Line Items]
Operating leases right-of-use assets	35,374	38,175
Property, Plant and Equipment [Member]
Leases (Details) - Schedule of Right-of-Use Assets and Lease Liabilities [Line Items]
Operating leases right-of-use assets	$ 948	$ 1,337

Leases (Details) - Lessee, Oper

Leases (Details) - Lessee, Operating Lease, Liability, Maturity - USD ($) $ in Thousands	Nov. 01, 2020	Feb. 02, 2020
Lessee, Operating Lease, Liability, Maturity [Abstract]
Remainder of 2020	$ 1,949
2021	7,329
2022	5,557
2023	5,629
2024	5,253
2025 and thereafter	15,145
Total lease payments	40,862
Less: impact of discounting	(3,153)
Present value of lease payments	$ 37,709	$ 40,101

Debt (Details)

Debt (Details) - USD ($) $ in Millions	Nov. 04, 2020	Aug. 02, 2020
Debt (Details) [Line Items]
Letters of Credit Outstanding, Amount		$ 4.3
Minimum [Member]
Debt (Details) [Line Items]
Letters of Credit Outstanding, Amount	$ 4
Maximum [Member]
Debt (Details) [Line Items]
Letters of Credit Outstanding, Amount	$ 10
Unsecured Term Loan [Member] | Unsecured Debt [Member]
Debt (Details) [Line Items]
Long-term Debt		25.7
Line of Credit [Member]
Debt (Details) [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity		$ 25.7

Employee Benefit Plans (Details

Employee Benefit Plans (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Nov. 01, 2020USD ($)	Nov. 01, 2020USD ($)
Employee Benefit Plans (Details) [Line Items]
Defined Benefit Plan, Benefit Obligation, Benefits Paid	$ 179	$ 538
Defined Benefit Plan, Expected Future Benefit Payment, Remainder of Fiscal Year	$ 191	$ 191
Supplemental Retirement Income Plan ("SRIP") and Supplemental Executive Retirement Plan ("SERP") [Member]
Employee Benefit Plans (Details) [Line Items]
Defined Benefit Plan, Description		We maintain two “frozen” retirement plans, which are paying benefits and may include active employees among the participants. We do not expect to add participants to these plans in the future. The two plans include:    ■ a supplemental retirement income plan (“SRIP”) for certain former and current executives of Hooker Furniture Corporation; and   ■ the Pulaski Furniture Corporation Supplemental Executive Retirement Plan (“SERP”) for certain former executives.

Employee Benefit Plans (Detai_2

Employee Benefit Plans (Details) - Schedule of Net Benefit Costs - Supplemental Retirement Income Plan ("SRIP") [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 01, 2020	Nov. 03, 2019	Nov. 01, 2020	Nov. 03, 2019
Employee Benefit Plans (Details) - Schedule of Net Benefit Costs [Line Items]
Service cost	$ 32	$ 26	$ 96	$ 78
Interest cost	74	204	222	613
Actuarial loss	84	37	253	111
Expected return on pension plan assets	0	(101)	0	(304)
Pension plan administrative expenses	0	98	0	293
Consolidated net periodic benefit costs	$ 190	$ 264	$ 571	$ 791

Earnings Per Share (Details)

Earnings Per Share (Details)	9 Months Ended
	Nov. 01, 2020shares
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	92,000

Earnings Per Share (Details) -

Earnings Per Share (Details) - Schedule of Restricted Stock and Restricted Stock Units - shares shares in Thousands	Nov. 01, 2020	Feb. 02, 2020
Earnings Per Share (Details) - Schedule of Restricted Stock and Restricted Stock Units [Line Items]
Number of Shares Outstanding	214	122
Restricted Stock [Member]
Earnings Per Share (Details) - Schedule of Restricted Stock and Restricted Stock Units [Line Items]
Number of Shares Outstanding	55	46
Restricted Stock Units (RSUs) and Performance Shares (PSUs) [Member]
Earnings Per Share (Details) - Schedule of Restricted Stock and Restricted Stock Units [Line Items]
Number of Shares Outstanding	159	76

Earnings Per Share (Details) _2

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. 01, 2020	Nov. 03, 2019	Nov. 01, 2020		Nov. 03, 2019
Schedule of Earnings Per Share, Basic and Diluted [Abstract]
Net income/(loss)	$ 10,093	$ 3,920	$ (18,952)		$ 10,067
Less: Unvested participating restricted stock dividends	9	7	26		18
Net earnings allocated to unvested participating restricted stock	47	16	0		33
Earnings/(loss) available for common shareholders	$ 10,037	$ 3,897	$ (18,978)		$ 10,016
Weighted average shares outstanding for basic earnings per share (in Shares)	11,833	11,789	11,818		11,782
Dilutive effect of unvested restricted stock, RSU and PSU awards (in Shares)	106	27		[1]	39
Weighted average shares outstanding for diluted earnings per share (in Shares)	11,939	11,816	11,818		11,821
Basic earnings/(loss) per share (in Dollars per share)	$ 0.85	$ 0.33	$ (1.61)		$ 0.85
Diluted earnings/(loss) per share (in Dollars per share)	$ 0.84	$ 0.33	$ (1.61)		$ 0.85
[1]	Due to the fiscal 2021 year-to-date net loss, approximately 92,000 shares would have been antidilutive and are therefore excluded from the calculation of earnings per share for the thirty-nine weeks ended November 1, 2020.

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 01, 2020	Nov. 03, 2019	Nov. 01, 2020	Nov. 03, 2019	Feb. 02, 2020
Income Taxes (Details) [Line Items]
Income Tax Expense (Benefit)	$ 2,996	$ 1,066	$ (6,263)	$ 2,829
Effective Income Tax Rate Reconciliation, Percent	22.90%	21.40%	24.80%	21.90%
Other Tax Expense (Benefit)	$ (4,000)		$ (2,400)
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 3		3		$ 3
Goodwill and Trade Name Impairment Charges [Member]
Income Taxes (Details) [Line Items]
Income Tax Expense (Benefit)			$ (10,700)

Segment Information (Details)

Segment Information (Details)	9 Months Ended
	Nov. 01, 2020
Segment Reporting [Abstract]
Number of Reportable Segments	3

Segment Information (Details) -

Segment Information (Details) - Segment Reporting Information - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 01, 2020	Nov. 03, 2019	Nov. 01, 2020	Nov. 03, 2019
Segment Reporting Information [Line Items]
Net Sales	$ 149,687	$ 158,176	$ 384,821	$ 445,942
% of Net Sales	100.00%	100.00%	100.00%	100.00%
Gross Profit
Gross Profit	$ 33,483	$ 28,399	$ 79,137	$ 82,741
% of Net Sales, Gross Profit	22.40%	18.00%	20.60%	18.60%
Operating Income/(Loss)
Operating Income	$ 13,037	$ 4,993	$ (24,889)	$ 13,667
% of Net Sales, Operating Income	8.70%	3.20%	(6.50%)	3.10%
Capital Expenditures
Capital Expenditures	$ 169	$ 1,086	$ 642	$ 4,745
Depreciation & Amortization
Depreciation & Amortization	1,687	1,788	5,052	5,260
Hooker Branded [Member]
Segment Reporting Information [Line Items]
Net Sales	$ 47,287	$ 43,703	$ 113,268	$ 122,707
% of Net Sales	31.60%	27.60%	29.40%	27.50%
Gross Profit
Gross Profit	$ 15,446	$ 13,947	$ 35,894	$ 38,323
% of Net Sales, Gross Profit	32.70%	31.90%	31.70%	31.20%
Operating Income/(Loss)
Operating Income	$ 7,686	$ 6,188	$ 15,108	$ 15,453
% of Net Sales, Operating Income	16.30%	14.20%	13.30%	12.60%
Capital Expenditures
Capital Expenditures	$ 60	$ 89	$ 173	$ 600
Depreciation & Amortization
Depreciation & Amortization	444	471	1,338	1,453
Home Meridian International [Member]
Segment Reporting Information [Line Items]
Net Sales	$ 73,727	$ 85,776	$ 202,560	$ 240,594
% of Net Sales	49.30%	54.20%	52.60%	54.00%
Gross Profit
Gross Profit	$ 11,169	$ 7,286	$ 28,489	$ 24,139
% of Net Sales, Gross Profit	15.10%	8.50%	14.10%	10.00%
Operating Income/(Loss)
Operating Income	$ 2,510	$ (3,955)	$ (26,754)	$ (9,013)
% of Net Sales, Operating Income	3.40%	(4.60%)	(13.20%)	(3.70%)
Capital Expenditures
Capital Expenditures	$ 27	$ 126	$ 137	$ 300
Depreciation & Amortization
Depreciation & Amortization	540	549	1,608	1,627
Upholstery [Member]
Segment Reporting Information [Line Items]
Net Sales	$ 25,350	$ 25,029	$ 59,640	$ 73,016
% of Net Sales	16.90%	15.90%	15.60%	16.30%
Gross Profit
Gross Profit	$ 5,751	$ 5,847	$ 11,555	$ 16,766
% of Net Sales, Gross Profit	22.70%	23.40%	19.40%	23.00%
Operating Income/(Loss)
Operating Income	$ 2,421	$ 2,278	$ (14,399)	$ 5,830
% of Net Sales, Operating Income	9.60%	9.10%	(24.10%)	8.00%
Capital Expenditures
Capital Expenditures	$ 82	$ 871	$ 332	$ 3,835
Depreciation & Amortization
Depreciation & Amortization	700	765	2,097	2,170
Other Segments [Member]
Segment Reporting Information [Line Items]
Net Sales	$ 3,323	$ 3,668	$ 9,353	$ 9,625
% of Net Sales	2.20%	2.30%	2.40%	2.20%
Gross Profit
Gross Profit	$ 1,117	$ 1,319	$ 3,199	$ 3,513
% of Net Sales, Gross Profit	33.60%	36.00%	34.20%	36.50%
Operating Income/(Loss)
Operating Income	$ 420	$ 482	$ 1,156	$ 1,397
% of Net Sales, Operating Income	12.60%	13.20%	12.40%	14.50%
Capital Expenditures
Capital Expenditures	$ 0	$ 0	$ 0	$ 10
Depreciation & Amortization
Depreciation & Amortization	$ 3	$ 3	$ 9	$ 10

Segment Information (Details)_2

Segment Information (Details) - Assets from Segments to Consolidated - USD ($) $ in Thousands	Nov. 01, 2020	Feb. 02, 2020	Nov. 03, 2019
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	$ 341,934		$ 320,279
% Total Assets	100.00%		100.00%
Consolidated Goodwill and Intangibles	$ 27,323		$ 73,429
Total Consolidated Assets	369,257	$ 393,708	393,708
Hooker Branded [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	$ 201,158		$ 144,112
% Total Assets	58.80%		45.00%
Home Meridian International [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	$ 91,547		$ 138,313
% Total Assets	26.80%		43.20%
Upholstery [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	$ 47,775		$ 36,085
% Total Assets	14.00%		11.30%
Other Segments [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	$ 1,454		$ 1,769
% Total Assets	0.40%		0.50%

Segment Information (Details)_3

Segment Information (Details) - Revenue from External Customers by Products and Services - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 01, 2020	Nov. 03, 2019	Nov. 01, 2020	Nov. 03, 2019
Revenue from External Customer [Line Items]
Net Sales	$ 149,687	$ 158,176	$ 384,821	$ 445,942
% Total	100.00%	100.00%	100.00%	100.00%
Casegoods [Member]
Revenue from External Customer [Line Items]
Net Sales	$ 91,457	$ 105,018	$ 234,905	$ 288,470
% Total	61.00%	66.00%	61.00%	65.00%
Upholstery [Member]
Revenue from External Customer [Line Items]
Net Sales	$ 58,230	$ 53,158	$ 149,916	$ 157,472
% Total	39.00%	34.00%	39.00%	35.00%

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event [Member] - USD ($) $ / shares in Units, $ in Millions	Dec. 02, 2020	Nov. 04, 2020
Subsequent Events (Details) [Line Items]
Dividends Payable, Date Declared	Dec. 2, 2020
Common Stock, Dividends, Per Share, Declared	$ 0.18
Dividends Payable, Date to be Paid	Dec. 31, 2020
Dividends Payable, Date of Record	Dec. 16, 2020
Dividend, Increase Rate	12.50%
Minimum [Member]
Subsequent Events (Details) [Line Items]
Letters of Credit Outstanding, Amount		$ 4
Maximum [Member]
Subsequent Events (Details) [Line Items]
Letters of Credit Outstanding, Amount		$ 10