Hooker Furnishings (HOFT) 10-Q 9 Jun 22 2023 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	May 01, 2022	Jun. 03, 2022
Document Information Line Items
Entity Registrant Name	HOOKER FURNISHINGS CORPORATION
Trading Symbol	HOFT
Document Type	10-Q
Current Fiscal Year End Date	--01-31
Entity Common Stock, Shares Outstanding		12,002,091
Amendment Flag	false
Entity Central Index Key	0001077688
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Document Period End Date	May 1, 2022
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
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	May 01, 2022	Jan. 30, 2022
Current assets
Cash and cash equivalents	$ 10,100	$ 69,366
Trade accounts receivable, net	83,022	73,727
Inventories	107,681	75,023
Income tax recoverable	5,123	4,361
Prepaid expenses and other current assets	8,171	5,237
Total current assets	214,097	227,714
Property, plant and equipment, net	27,608	28,058
Cash surrender value of life insurance policies	27,183	26,479
Deferred taxes	9,778	11,612
Operating leases right-of-use assets	52,700	51,854
Intangible assets, net	34,426	23,853
Goodwill	15,516	490
Other assets	5,763	4,499
Total non-current assets	172,974	146,845
Total assets	387,071	374,559
Current liabilities
Trade accounts payable	42,270	30,916
Accrued salaries, wages and benefits	5,314	7,141
Customer deposits	9,515	7,145
Current portion of lease liabilities	7,447	7,471
Other accrued expenses	2,432	4,264
Total current liabilities	66,978	56,937
Deferred compensation	9,794	9,924
Lease liabilities	47,271	46,570
Other long-term liabilities	766	0
Total long-term liabilities	57,831	56,494
Total liabilities	124,809	113,431
Shareholders’ equity
Common stock, no par value, 20,000 shares authorized, 12,002 and 11,922 shares issued and outstanding on each date	53,649	53,295
Retained earnings	208,678	207,884
Accumulated other comprehensive loss	(65)	(51)
Total shareholders’ equity	262,262	261,128
Total liabilities and shareholders’ equity	$ 387,071	$ 374,559

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) - shares	May 01, 2022	Jan. 30, 2022
Statement of Financial Position [Abstract]
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	12,002,000	11,922,000
Common stock, shares outstanding	12,002,000	11,922,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	May 01, 2022	May 02, 2021
Income Statement [Abstract]
Net sales	$ 147,314	$ 162,861
Cost of sales	117,855	129,279
Gross profit	29,459	33,582
Selling and administrative expenses	24,658	20,743
Intangible asset amortization	878	596
Operating income	3,923	12,243
Other income, net	278	4
Interest expense, net	28	31
Income before income taxes	4,173	12,216
Income tax expense	991	2,773
Net income	$ 3,182	$ 9,443
Earnings per share
Basic (in Dollars per share)	$ 0.27	$ 0.79
Diluted (in Dollars per share)	$ 0.26	$ 0.78
Weighted average shares outstanding:
Basic (in Shares)	11,866	11,833
Diluted (in Shares)	11,949	11,972
Cash dividends declared per share (in Dollars per share)	$ 0.2	$ 0.18

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended
	May 01, 2022	May 02, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 3,182	$ 9,443
Amortization of actuarial (loss) / gain	(18)	100
Income tax effect on amortization	4	(24)
Adjustments to net periodic benefit cost	(14)	76
Total comprehensive income	$ 3,168	$ 9,519

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	May 01, 2022	May 02, 2021
Operating Activities:
Net income	$ 3,182	$ 9,443
Adjustments to reconcile net income to net cash (used in) / provided by operating activities:
Depreciation and amortization	2,287	1,714
Deferred income tax expense	1,838	1,749
Noncash restricted stock and performance awards	354	(319)
Provision for doubtful accounts and sales allowances	(349)	(791)
Gain on life insurance policies	(568)	(439)
Changes in assets and liabilities:
Trade accounts receivable	(7,386)	(7,255)
Inventories	(30,082)	(11,316)
Income tax recoverable	(762)	0
Prepaid expenses and other assets	(4,145)	(2,441)
Trade accounts payable	10,493	7,373
Accrued salaries, wages, and benefits	(1,827)	(1,053)
Accrued income taxes	0	1,035
Customer deposits	(906)	3,004
Operating lease liabilities	(168)	84
Other accrued expenses	(1,830)	(558)
Deferred compensation	(149)	8
Net cash (used in)/provided by operating activities	(30,018)	238
Investing Activities:
Acquisitions	(25,912)	0
Purchases of property and equipment	(830)	(2,188)
Premiums paid on life insurance policies	(118)	(155)
Net cash used in investing activities	(26,860)	(2,343)
Financing Activities:
Cash dividends paid	(2,388)	(2,140)
Cash used in financing activities	(2,388)	(2,140)
Net decrease in cash and cash equivalents	(59,266)	(4,245)
Cash and cash equivalents - beginning of year	69,366	65,841
Cash and cash equivalents - end of quarter	10,100	61,596
Cash paid/(refund) for income taxes	(85)	(9)
Cash paid for interest, net	0	0
Increase in lease liabilities arising from changes in right-of-use assets	3,689	6
Increase in property and equipment through accrued purchases	$ 47	$ 3

CONSOLIDATED STATEMENT OF STOCK

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance at Jan. 31, 2021	$ 53,323	$ 204,988	$ (808)	$ 257,503
Balance (in Shares) at Jan. 31, 2021	11,888,000
Net income (loss)		9,443		9,443
Unrealized gain loss on defined benefit plan, net of tax			76	76
Cash dividends paid and accrued		(2,140)		(2,140)
Restricted stock grants, net of forfeitures (in Shares)	21,000
Restricted stock compensation cost	$ 274			274
Performance-based restricted stock units costs	147			147
PSU awards	(740)			(740)
Balance at May. 02, 2021	$ 53,004	212,291	(732)	264,563
Balance (in Shares) at May. 02, 2021	11,909,000
Balance at Jan. 30, 2022	$ 53,295	207,884	(51)	$ 261,128
Balance (in Shares) at Jan. 30, 2022	11,922,000			11,922,000
Net income (loss)		3,182		$ 3,182
Unrealized gain loss on defined benefit plan, net of tax			(14)	(14)
Cash dividends paid and accrued		(2,388)		(2,388)
Restricted stock grants, net of forfeitures	$ (96)			(96)
Restricted stock grants, net of forfeitures (in Shares)	80,000
Restricted stock compensation cost	$ 296			296
Performance-based restricted stock units costs	154			154
Balance at May. 01, 2022	$ 53,649	$ 208,678	$ (65)	$ 262,262
Balance (in Shares) at May. 01, 2022	12,002,000			12,002,000

CONSOLIDATED STATEMENT OF STO_2

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Parentheticals) - USD ($) $ in Thousands	3 Months Ended
	May 01, 2022	May 02, 2021
Statement of Stockholders' Equity [Abstract]
Unrealized loss on defined benefit plan, tax	$ (4)	$ 24
Cash dividends paid and accrued, per share	$ 0.2	$ 0.18
Unrealized loss on defined benefit plan, tax	$ 4	$ (24)

Preparation of Interim Financia

Preparation of Interim Financial Statements	3 Months Ended
	May 01, 2022
Accounting Policies [Abstract]
Business Description and Basis of Presentation [Text Block]	1. Preparation of Interim Financial Statements The condensed consolidated financial statements of Hooker Furnishings 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 January 30, 2022 (“2022 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 2023 fiscal year thirteen-week period (also referred to as “three months,” “three-month period,” “quarter,” “first quarter” or “quarterly period”) that began January 31, 2022 and ended May 1, 2022. This report discusses our results of operations for this period compared to the 2022 fiscal year thirteen-week period that began February 1, 2021 and ended May 2, 2021; and our financial condition as of May 1, 2022 compared to January 30, 2022. References in these notes to the condensed consolidated financial statements of the Company to: ■ the 2023 fiscal year and comparable terminology mean the fifty-two-week fiscal year that began January 31, 2022 and will end January 29, 2023; and ■ the 2022 fiscal year and comparable terminology mean the fifty-two-week fiscal year that began February 1, 2021 and ended January 30, 2022. On January 31, 2022, the first day of our 2023 fiscal year, we entered into an Asset Purchase Agreement (the “Asset Purchase Agreement”) with Sunset HWM, LLC (“Sunset West”) and its three members (the “Sunset West Members”) to acquire substantially all of the assets of Sunset West (the “Sunset Acquisition”). Simultaneously, we closed on the transaction by paying $23.9 million in cash and $2 million subject to an escrow arrangement and possible earn-out payments to the Sunset West Members up to an aggregate of $4 million with the closing cash consideration subject to adjustment for customary working capital estimates. Under the Asset Purchase Agreement, the Company also assumed specified liabilities of Sunset West. Sunset West’s results are included in the Domestic Upholstery segment’s results beginning with the fiscal 2023 first quarter. Consequently, comparable prior-year information for Sunset West is not included in the financial statements presented in this report. The acquisition is discussed in greater detail below in Note 3 Acquisition.

Recently Adopted Accounting Pol

Recently Adopted Accounting Policies	3 Months Ended
	May 01, 2022
Accounting Standards Update and Change in Accounting Principle [Abstract]
Accounting Standards Update and Change in Accounting Principle [Text Block]	2. Recently Adopted Accounting Policies No new accounting pronouncements have been adopted in the 2023 fiscal year. We reviewed newly issued accounting pronouncements and concluded they are either not applicable to our business or are not expected to have a material effect on our consolidated financial statements as a result of future adoption.

Acquisition

Acquisition	3 Months Ended
	May 01, 2022
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	3. Acquisition In accordance with FASB Accounting Standards Codification Topic 805, “Business Combinations” (“ASC 805”), the Acquisition has been accounted for using the acquisition method of accounting. We recorded assets acquired, including identifiable intangible assets, and liabilities assumed, from Sunset West at their respective fair values at the date of completion of the Acquisition. The excess of the purchase price over the net fair value of such assets and liabilities was recorded as goodwill. The following table summarizes the preliminary estimates of the fair values of the identifiable assets acquired and liabilities assumed in the Acquisition as of May 1, 2022. The preliminary estimates of fair value of identifiable assets acquired and liabilities assumed are subject to revision, which may result in adjustments to the preliminary values presented below, when management’s appraisals and estimates are finalized. Normal post-closing contingencies remain to be resolved, including the final working capital adjustment and any changes due to deviations from the seller’s representations and warranties at closing. Fair Value Estimates of Assets Acquired and Liabilities Assumed The consideration and components of our initial fair value allocation of the purchase price paid at closing and in the subsequent Net Working Capital Adjustment consisted of the following: Purchase price consideration Fair value estimates of assets acquired and liabilities assumed Purchase price consideration Cash paid for assets acquired $ 23,909 Escrow 2,003 Fair value of earnout 766 Total purchase price $ 26,678 Accounts receivable $ 1,560 Inventory 2,577 Prepaid expenses and other current assets 90 Property and equipment 82 Intangible assets 11,451 Goodwill 15,026 Customer deposits (3,276 ) Accounts payable (816 ) Accrued expenses (16 ) Total purchase price $ 26,678 Property and equipment were recorded at fair value and primarily consist of computer software and hardware and equipment. Property and equipment will be amortized over their estimated useful lives. Goodwill is calculated as the excess of the purchase price over the net assets acquired. The goodwill recognized is attributable to growth opportunities and expected synergies. All goodwill is expected to be deductible for income tax purposes. Intangible assets, consist of two separately identified assets: ■ Sunset West customer relationships, which are definite-lived intangible assets with an aggregate fair value of $10.4 million. The customer relationships are amortizable and will be amortized over a period of 10 years; and ■ The Sunset West trade name, which is definite-lived intangible asset with fair value of $1.1 million. The trade name is amortizable and will be amortized over a period of 12 years. ■ The total weighted average amortization period for these assets is 10.2 years. We incurred approximately $414,000 in Acquisition-related costs in fiscal 2022. These expenses were included in the “Selling and administrative expenses” line of our fiscal 2022 condensed consolidated statements of operations. Sunset West’s results are included in the Domestic Upholstery segment’s results beginning with the fiscal 2023 first quarter, which include $7.9 million in net sales and $861,000 of operating income, including $282,000 in intangible amortization expense.

Accounts Receivable

Accounts Receivable	3 Months Ended
	May 01, 2022
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	4. Accounts Receivable May 1, January 30, 2022 2022 Gross accounts receivable $ 92,072 $ 83,027 Customer allowances (6,900 ) (7,284 ) Allowance for doubtful accounts (2,150 ) (2,016 ) Trade accounts receivable $ 83,022 $ 73,727

Inventories

Inventories	3 Months Ended
	May 01, 2022
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	5. Inventories May 1, January 30, 2022 2022 Finished furniture $ 120,110 $ 89,066 Furniture in process 2,692 2,314 Materials and supplies 15,108 13,179 Inventories at FIFO 137,910 104,559 Reduction to LIFO basis (30,229 ) (29,536 ) Inventories $ 107,681 $ 75,023

Property, Plant and Equipment

Property, Plant and Equipment	3 Months Ended
	May 01, 2022
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	6. Property, Plant and Equipment Depreciable Lives May 1, January 30, (In years) 2022 2022 Buildings and land improvements 15 - 30 $ 32,036 $ 32,030 Computer software and hardware 3 - 10 15,743 15,648 Machinery and equipment 10 10,574 10,390 Leasehold improvements Term of lease 11,116 10,984 Furniture and fixtures 3 - 10 5,853 5,829 Other 5 696 676 Total depreciable property at cost 76,018 75,557 Less accumulated depreciation (50,433 ) (49,077 ) Total depreciable property, net 25,585 26,480 Land 1,077 1,077 Construction-in-progress 946 501 Property, plant and equipment, net $ 27,608 $ 28,058

Cloud Computing Hosting Arrange

Cloud Computing Hosting Arrangement	3 Months Ended
	May 01, 2022
Disclosure Text Block Supplement [Abstract]
Other Assets Disclosure [Text Block]	7. Cloud Computing Hosting Arrangement We are in the process of implementing a common Enterprise Resource Planning (ERP) system across all divisions and expect to go-live with this system in our legacy Hooker divisions and Sunset West in the second half of fiscal 2023, with other segments and divisions following thereafter. Based on the provisions of ASU 2018-15, Intangibles Goodwill and Other Internal-Use Software Capitalized Implementation Costs Balance at January 30, 2022 $ 3,228 Costs capitalized during the period 1,331 Balance at May 1, 2022 $ 4,559

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	May 01, 2022
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	8. 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 May 1, 2022 and January 30, 2022, 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 May 1, 2022 and January 30, 2022, were as follows: Fair value at May 1, 2022 Fair value at January 30, 2022 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 $ - $ 27,183 $ - $ 27,183 $ - $ 26,479 $ - $ 26,479

Intangible Assets

Intangible Assets	3 Months Ended
	May 01, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets Disclosure [Text Block]	9. Intangible Assets During the fiscal 2023 first quarter, we recorded both non-amortizable and amortizable intangible assets as a result of the Acquisition. Details of these new intangible assets, as well as previously recorded intangible assets assigned to our Domestic Upholstery and Home Meridian segments, are shown in the following two tables: January 30, 2022 May 1, 2022 Non-amortizable Intangible Assets Segment Beginning Balance Acquisition Net Book Value Goodwill - Shenandoah Furniture Domestic Upholstery $ 490 $ - $ 490 Goodwill - Sunset West Domestic Upholstery - 15,026 15,026 Total Goodwill $ 490 $ 15,026 $ 15,516 Trademarks and trade names - Home Meridian Home Meridian 6,650 - 6,650 Trademarks and trade names - Bradington-Young Domestic Upholstery 861 - 861 Trademarks and trade names - Sam Moore Domestic Upholstery 396 - 396 Total Trademarks and trade names $ 7,907 $ - $ 7,907 Total non-amortizable assets $ 8,397 $ 15,026 $ 23,423 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 January 30, 2022 $ 15,348 $ 598 $ 15,946 Acquisition 10,401 1,050 11,451 Amortization (841 ) (37 ) (878 ) Balance at May 1, 2022 $ 24,908 $ 1,611 $ 26,519 For the remainder of fiscal 2023, amortization expense is expected to be approximately $2.6 million.

Leases

Leases	3 Months Ended
	May 01, 2022
Disclosure Text Block [Abstract]
Lessee, Operating Leases [Text Block]	10. Leases We recognized sublease income of $348,000 and $146,000 in the first quarters of fiscal 2023 and 2022, respectively. The components of lease cost and supplemental cash flow information for leases in the first quarters of fiscal 2023 and 2022 were: Thirteen Weeks Ended May 1, 2022 May 2, 2021 Operating lease cost $ 2,527 $ 2,013 Variable lease cost 55 44 Short-term lease cost 80 19 Total operating lease cost $ 2,662 $ 2,076 Operating cash outflows $ 2,829 $ 1,992 The right-of-use assets and lease liabilities recorded on our condensed consolidated balance sheets as of May 1, 2022 and January 30, 2022 were as follows: May 1, 2022 January 30, 2022 Real estate $ 51,682 $ 50,749 Property and equipment 1,018 1,105 Total operating leases right-of-use assets $ 52,700 $ 51,854 Current portion of operating lease liabilities $ 7,447 $ 7,471 Long term operating lease liabilities 47,271 46,570 Total operating lease liabilities $ 54,718 $ 54,041 The weighted-average remaining lease term is 8.0 years. We used our incremental borrowing rate which is LIBOR plus 1.5% at the adoption date. The weighted-average discount rate is 1.91%. 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 May 1, 2022: Undiscounted Future Operating Lease Payments Remainder of 2023 $ 6,457 2024 7,792 2025 7,793 2026 7,737 2027 7,390 2028 and thereafter 21,941 Total lease payments $ 59,110 Less: impact of discounting (4,392 ) Present value of lease payments $ 54,718 As of May 1, 2022, the Company had an additional lease for a showroom in High Point, North Carolina. This lease is expected to commence in the Fall of calendar 2022 with an initial lease term of 10 years and estimated future minimum rental commitments of approximately $23.7 million. Since the lease has not yet commenced, the undiscounted amounts are not included in the table above.

Long-Term Debt

Long-Term Debt	3 Months Ended
	May 01, 2022
Debt Disclosure [Abstract]
Long-Term Debt [Text Block]	11. Long-Term Debt As of May 1, 2022, we had an aggregate $27.9 million available under our $35 million revolving credit facility (the “Existing Revolver”) to fund working capital needs. Standby letters of credit in the aggregate amount of $7.1 million, used to collateralize certain insurance arrangements and for imported product purchases, were outstanding under the Existing Revolver as of May 1, 2022. There were no additional borrowings outstanding under the Existing Revolver as of May 1, 2022.

Earnings Per Share

Earnings Per Share	3 Months Ended
	May 01, 2022
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 2022 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: May 1, January 30, 2022 2022 Restricted shares 129 60 RSUs and PSUs 140 78 269 138 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 May 1, May 2, 2022 2021 Net income $ 3,182 $ 9,443 Less: Unvested participating restricted stock dividends 19 11 Net earnings allocated to unvested participating restricted stock 25 49 Earnings available for common shareholders 3,138 9,383 Weighted average shares outstanding for basic earnings per share 11,866 11,833 Dilutive effect of unvested restricted stock, RSU and PSU awards 83 139 Weighted average shares outstanding for diluted earnings per share 11,949 11,972 Basic earnings per share $ 0.27 $ 0.79 Diluted earnings per share $ 0.26 $ 0.78

Income Taxes

Income Taxes	3 Months Ended
	May 01, 2022
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	13. Income Taxes We recorded income tax expense of $991,000 for the fiscal 2023 first quarter compared to $2.8 million for the comparable prior year quarter. The effective tax rates for the fiscal 2023 and 2022 first quarters were 23.7% and 22.7%, respectively. No material and non-routine positions have been identified that are uncertain tax positions. Tax years ending February 3, 2019 through January 30, 2022 remain subject to examination by federal and state taxing authorities.

Segment Information

Segment Information	3 Months Ended
	May 01, 2022
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	14. 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. 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 Changes to segment reporting for the fiscal 2023 first quarter We regularly monitor our reportable segments for changes in facts and circumstances to determine whether changes in the identification or aggregation of operating segments are necessary. Before the fiscal 2023 first quarter, H Contract’s results included sales of seating products sourced from Sam Moore. Due to a change in the way management internally evaluates operating performance, beginning with fiscal 2023 first quarter Sam Moore’s results now include sales of seating products formerly included in H Contract’s results. Fiscal 2022 results discussed below have been recast to reflect this change. The Hooker Branded and Home Meridian segments are unchanged. As discussed in Note 3 above, we acquired substantially all the assets of Sunset West on the first day of the 2023 fiscal year. Based on our analysis and the requirements of ASC 280: Segment Reporting The following table presents segment information for the periods, and as of the dates, indicated. Prior-year information has been recast to reflect the change discussed above. Thirteen Weeks Ended May 1, May 2, 2022 2021 % Net % Net Net Sales Sales Sales Hooker Branded $ 42,230 28.7 % $ 51,339 31.5 % Home Meridian 62,085 42.1 % 84,411 51.8 % Domestic Upholstery 41,220 28.0 % 25,420 15.7 % All Other 1,779 1.2 % 1,691 1.0 % Consolidated $ 147,314 100 % $ 162,861 100.0 % Gross Profit Hooker Branded $ 13,240 31.4 % $ 17,212 33.5 % Home Meridian 6,305 10.2 % 10,135 12.0 % Domestic Upholstery 9,354 22.7 % 5,638 22.2 % All Other 560 31.5 % 597 35.3 % Consolidated $ 29,459 20.0 % $ 33,582 20.6 % Operating Income/(Loss) Hooker Branded $ 4,142 9.8 % $ 9,442 18.4 % Home Meridian (3,095 ) -5.0 % 866 1.0 % Domestic Upholstery 2,752 6.7 % 1,731 6.8 % All Other 124 7.0 % 204 12.1 % Consolidated $ 3,923 2.7 % $ 12,243 7.5 % Capital Expenditures Hooker Branded $ 468 $ 83 Home Meridian 40 1,346 Domestic Upholstery 322 759 All Other - - Consolidated $ 830 $ 2,188 Depreciation & Amortization Hooker Branded $ 684 $ 449 Home Meridian 662 501 Domestic Upholstery 938 761 All Other 3 3 Consolidated $ 2,287 $ 1,714 As of May 1, As of January 30, 2022 %Total 2022 %Total Identifiable Assets Assets Assets Hooker Branded $ 129,403 38.3 % $ 170,968 48.8 % Home Meridian 143,872 42.5 % 130,890 37.4 % Domestic Upholstery 62,306 18.7 % 47,232 13.5 % All Other 1,548 0.5 % 1,126 0.3 % Consolidated $ 337,129 100 % $ 350,216 100 % Consolidated Goodwill and Intangibles 49,942 24,343 Total Consolidated Assets $ 387,071 $ 374,559 Sales by product type are as follows: Net Sales (in thousands) Thirteen Weeks Ended May 1, 2022 %Total May 2, 2021 %Total Casegoods $ 74,192 50 % $ 97,959 60 % Upholstery 73,122 50 % 64,902 40 % $ 147,314 100 % $ 162,861 100 %

Subsequent Events

Subsequent Events	3 Months Ended
	May 01, 2022
Subsequent Events [Abstract]
Subsequent Events [Text Block]	15. Subsequent Events Dividends On June 1, 2022, our board of directors declared a quarterly cash dividend of $0.20 per share which will be paid on June 30, 2022 to shareholders of record at June 17, 2022. Share Repurchase Authorization On June 6, 2022, our Board of Directors authorized the repurchase of up to $20 million of the Company’s common shares. The authorization does not obligate us to acquire a specific number of shares during any period and does not have an expiration date, but it may be modified, suspended, or discontinued at any time at the discretion of our Board of Directors. Repurchases may be made from time to time in the open market, or through privately negotiated transactions or otherwise, in compliance with applicable laws, rules and regulations, and subject to our cash requirements for other purposes, compliance with the covenants under the loan agreement for our revolving credit facility and other factors we deem relevant.

Acquisition (Tables)

Acquisition (Tables)	3 Months Ended
	May 01, 2022
Business Combinations [Abstract]
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	Purchase price consideration Fair value estimates of assets acquired and liabilities assumed Purchase price consideration Cash paid for assets acquired $ 23,909 Escrow 2,003 Fair value of earnout 766 Total purchase price $ 26,678 Accounts receivable $ 1,560 Inventory 2,577 Prepaid expenses and other current assets 90 Property and equipment 82 Intangible assets 11,451 Goodwill 15,026 Customer deposits (3,276 ) Accounts payable (816 ) Accrued expenses (16 ) Total purchase price $ 26,678

Accounts Receivable (Tables)

Accounts Receivable (Tables)	3 Months Ended
	May 01, 2022
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	May 1, January 30, 2022 2022 Gross accounts receivable $ 92,072 $ 83,027 Customer allowances (6,900 ) (7,284 ) Allowance for doubtful accounts (2,150 ) (2,016 ) Trade accounts receivable $ 83,022 $ 73,727

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	May 01, 2022
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	May 1, January 30, 2022 2022 Finished furniture $ 120,110 $ 89,066 Furniture in process 2,692 2,314 Materials and supplies 15,108 13,179 Inventories at FIFO 137,910 104,559 Reduction to LIFO basis (30,229 ) (29,536 ) Inventories $ 107,681 $ 75,023

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	3 Months Ended
	May 01, 2022
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	Depreciable Lives May 1, January 30, (In years) 2022 2022 Buildings and land improvements 15 - 30 $ 32,036 $ 32,030 Computer software and hardware 3 - 10 15,743 15,648 Machinery and equipment 10 10,574 10,390 Leasehold improvements Term of lease 11,116 10,984 Furniture and fixtures 3 - 10 5,853 5,829 Other 5 696 676 Total depreciable property at cost 76,018 75,557 Less accumulated depreciation (50,433 ) (49,077 ) Total depreciable property, net 25,585 26,480 Land 1,077 1,077 Construction-in-progress 946 501 Property, plant and equipment, net $ 27,608 $ 28,058

Cloud Computing Hosting Arran_2

Cloud Computing Hosting Arrangement (Tables)	3 Months Ended
	May 01, 2022
Disclosure Text Block Supplement [Abstract]
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]	Amortization expense is expected to commence at system go-live in the second half of fiscal 2023. The capitalized implementation costs at May 1, 2022 and January 30, 2022 were as follows: Capitalized Implementation Costs Balance at January 30, 2022 $ 3,228 Costs capitalized during the period 1,331 Balance at May 1, 2022 $ 4,559

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	May 01, 2022
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 May 1, 2022 and January 30, 2022, were as follows: Fair value at May 1, 2022 Fair value at January 30, 2022 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 $ - $ 27,183 $ - $ 27,183 $ - $ 26,479 $ - $ 26,479

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	May 01, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Indefinite-Lived Intangible Assets [Table Text Block]	January 30, 2022 May 1, 2022 Non-amortizable Intangible Assets Segment Beginning Balance Acquisition Net Book Value Goodwill - Shenandoah Furniture Domestic Upholstery $ 490 $ - $ 490 Goodwill - Sunset West Domestic Upholstery - 15,026 15,026 Total Goodwill $ 490 $ 15,026 $ 15,516 Trademarks and trade names - Home Meridian Home Meridian 6,650 - 6,650 Trademarks and trade names - Bradington-Young Domestic Upholstery 861 - 861 Trademarks and trade names - Sam Moore Domestic Upholstery 396 - 396 Total Trademarks and trade names $ 7,907 $ - $ 7,907 Total non-amortizable assets $ 8,397 $ 15,026 $ 23,423
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 January 30, 2022 $ 15,348 $ 598 $ 15,946 Acquisition 10,401 1,050 11,451 Amortization (841 ) (37 ) (878 ) Balance at May 1, 2022 $ 24,908 $ 1,611 $ 26,519

Leases (Tables)

Leases (Tables)	3 Months Ended
	May 01, 2022
Disclosure Text Block [Abstract]
Lease, Cost [Table Text Block]	The components of lease cost and supplemental cash flow information for leases in the first quarters of fiscal 2023 and 2022 were: Thirteen Weeks Ended May 1, 2022 May 2, 2021 Operating lease cost $ 2,527 $ 2,013 Variable lease cost 55 44 Short-term lease cost 80 19 Total operating lease cost $ 2,662 $ 2,076 Operating cash outflows $ 2,829 $ 1,992
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 May 1, 2022 and January 30, 2022 were as follows: May 1, 2022 January 30, 2022 Real estate $ 51,682 $ 50,749 Property and equipment 1,018 1,105 Total operating leases right-of-use assets $ 52,700 $ 51,854 Current portion of operating lease liabilities $ 7,447 $ 7,471 Long term operating lease liabilities 47,271 46,570 Total operating lease liabilities $ 54,718 $ 54,041
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 May 1, 2022: Undiscounted Future Operating Lease Payments Remainder of 2023 $ 6,457 2024 7,792 2025 7,793 2026 7,737 2027 7,390 2028 and thereafter 21,941 Total lease payments $ 59,110 Less: impact of discounting (4,392 ) Present value of lease payments $ 54,718

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	May 01, 2022
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: May 1, January 30, 2022 2022 Restricted shares 129 60 RSUs and PSUs 140 78 269 138
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 May 1, May 2, 2022 2021 Net income $ 3,182 $ 9,443 Less: Unvested participating restricted stock dividends 19 11 Net earnings allocated to unvested participating restricted stock 25 49 Earnings available for common shareholders 3,138 9,383 Weighted average shares outstanding for basic earnings per share 11,866 11,833 Dilutive effect of unvested restricted stock, RSU and PSU awards 83 139 Weighted average shares outstanding for diluted earnings per share 11,949 11,972 Basic earnings per share $ 0.27 $ 0.79 Diluted earnings per share $ 0.26 $ 0.78

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	May 01, 2022
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 change discussed above. Thirteen Weeks Ended May 1, May 2, 2022 2021 % Net % Net Net Sales Sales Sales Hooker Branded $ 42,230 28.7 % $ 51,339 31.5 % Home Meridian 62,085 42.1 % 84,411 51.8 % Domestic Upholstery 41,220 28.0 % 25,420 15.7 % All Other 1,779 1.2 % 1,691 1.0 % Consolidated $ 147,314 100 % $ 162,861 100.0 % Gross Profit Hooker Branded $ 13,240 31.4 % $ 17,212 33.5 % Home Meridian 6,305 10.2 % 10,135 12.0 % Domestic Upholstery 9,354 22.7 % 5,638 22.2 % All Other 560 31.5 % 597 35.3 % Consolidated $ 29,459 20.0 % $ 33,582 20.6 % Operating Income/(Loss) Hooker Branded $ 4,142 9.8 % $ 9,442 18.4 % Home Meridian (3,095 ) -5.0 % 866 1.0 % Domestic Upholstery 2,752 6.7 % 1,731 6.8 % All Other 124 7.0 % 204 12.1 % Consolidated $ 3,923 2.7 % $ 12,243 7.5 % Capital Expenditures Hooker Branded $ 468 $ 83 Home Meridian 40 1,346 Domestic Upholstery 322 759 All Other - - Consolidated $ 830 $ 2,188 Depreciation & Amortization Hooker Branded $ 684 $ 449 Home Meridian 662 501 Domestic Upholstery 938 761 All Other 3 3 Consolidated $ 2,287 $ 1,714
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	As of May 1, As of January 30, 2022 %Total 2022 %Total Identifiable Assets Assets Assets Hooker Branded $ 129,403 38.3 % $ 170,968 48.8 % Home Meridian 143,872 42.5 % 130,890 37.4 % Domestic Upholstery 62,306 18.7 % 47,232 13.5 % All Other 1,548 0.5 % 1,126 0.3 % Consolidated $ 337,129 100 % $ 350,216 100 % Consolidated Goodwill and Intangibles 49,942 24,343 Total Consolidated Assets $ 387,071 $ 374,559
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 May 1, 2022 %Total May 2, 2021 %Total Casegoods $ 74,192 50 % $ 97,959 60 % Upholstery 73,122 50 % 64,902 40 % $ 147,314 100 % $ 162,861 100 %

Preparation of Interim Financ_2

Preparation of Interim Financial Statements (Details) - Sunset West [Member] - USD ($) $ in Thousands	May 01, 2022	Jan. 31, 2022
Preparation of Interim Financial Statements (Details) [Line Items]
Payments to Acquire Businesses, Gross	$ 23,909	$ 23,900
Business Combination, Acquisition Related Costs	(2,003)
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	$ (766)	4,000
Escrow Arrangement [Member]
Preparation of Interim Financial Statements (Details) [Line Items]
Business Combination, Acquisition Related Costs		$ 2,000

Acquisition (Details)

Acquisition (Details) - USD ($)	3 Months Ended
	May 01, 2022	May 02, 2021	Jan. 30, 2022
Acquisition (Details) [Line Items]
Operating Income (Loss)	$ 3,923,000	$ 12,243,000
Amortization of Intangible Assets	$ 878,000	$ 596,000
Customer Relationships [Member]
Acquisition (Details) [Line Items]
Finite-Lived Intangible Assets, Remaining Amortization Period	10 years
Amortization of Intangible Assets	$ 841,000
Trade Names [Member]
Acquisition (Details) [Line Items]
Finite-Lived Intangible Assets, Remaining Amortization Period	12 years
Sunset West [Member]
Acquisition (Details) [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 11,451,000
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life	10 years 2 months 12 days
Business Acquisition, Transaction Costs			$ 414,000
Revenue from Contract with Customer, Excluding Assessed Tax	$ 7,900,000
Operating Income (Loss)	861,000
Amortization of Intangible Assets	282,000
Sunset West [Member] | Customer Relationships [Member]
Acquisition (Details) [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	10,400,000
Sunset West [Member] | Trade Names [Member]
Acquisition (Details) [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 1,100,000

Acquisition (Details) - Schedul

Acquisition (Details) - Schedule of Business Acquisitions, by Acquisition - Sunset West [Member] - USD ($) $ in Thousands	May 01, 2022	Jan. 31, 2022
Purchase price consideration
Cash paid for assets acquired	$ 23,909	$ 23,900
Escrow Fee	2,003
Fair value of earnout	766	$ (4,000)
Total purchase price	26,678
Accounts receivable	1,560
Inventory	2,577
Prepaid expenses and other current assets	90
Property and equipment	82
Intangible assets	11,451
Goodwill	15,026
Customer deposits	(3,276)
Accounts payable	(816)
Accrued expenses	(16)
Total purchase price	$ 26,678

Accounts Receivable (Details) -

Accounts Receivable (Details) - Schedule of Accounts, Notes, Loans and Financing Receivable - USD ($) $ in Thousands	May 01, 2022	Jan. 30, 2022
Schedule of Accounts, Notes, Loans and Financing Receivable [Abstract]
Gross accounts receivable	$ 92,072	$ 83,027
Customer allowances	(6,900)	(7,284)
Allowance for doubtful accounts	(2,150)	(2,016)
Trade accounts receivable	$ 83,022	$ 73,727

Inventories (Details) - Schedul

Inventories (Details) - Schedule of Inventory, Current - USD ($) $ in Thousands	May 01, 2022	Jan. 30, 2022
Schedule of Inventory, Current [Abstract]
Finished furniture	$ 120,110	$ 89,066
Furniture in process	2,692	2,314
Materials and supplies	15,108	13,179
Inventories at FIFO	137,910	104,559
Reduction to LIFO basis	(30,229)	(29,536)
Inventories	$ 107,681	$ 75,023

Property, Plant and Equipment_2

Property, Plant and Equipment (Details) - Property, Plant and Equipment - USD ($) $ in Thousands	3 Months Ended
	May 01, 2022	Jan. 30, 2022
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 76,018	$ 75,557
Less accumulated depreciation	(50,433)	(49,077)
Total depreciable property, net	25,585	26,480
Land	1,077	1,077
Construction-in-progress	946	501
Property, plant and equipment, net	27,608	28,058
Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 32,036	32,030
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	$ 15,743	15,648
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	$ 10,574	10,390
Property, Plant and Equipment, Depreciable Lives	10
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 11,116	10,984
Property, Plant and Equipment, Depreciable Lives	Term of lease
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 5,853	5,829
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	$ 696	$ 676
Property, Plant and Equipment, Depreciable Lives	5

Cloud Computing Hosting Arran_3

Cloud Computing Hosting Arrangement (Details) - Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure - USD ($) $ in Thousands	3 Months Ended
	May 01, 2022	Jan. 30, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Balance	$ 4,559	$ 3,228
Costs capitalized during the period	$ 1,331

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis - USD ($) $ in Thousands	May 01, 2022	Jan. 30, 2022
Assets measured at fair value
Company-owned life insurance	$ 27,183	$ 26,479
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	27,183	26,479
Fair Value, Inputs, Level 3 [Member]
Assets measured at fair value
Company-owned life insurance	$ 0	$ 0

Intangible Assets (Details)

Intangible Assets (Details) $ in Millions	May 01, 2022USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Finite-Lived Intangible Asset, Expected Amortization, Remainder of Fiscal Year	$ 2.6

Intangible Assets (Details) - S

Intangible Assets (Details) - Schedule of Indefinite-Lived Intangible Assets $ in Thousands	3 Months Ended
	May 01, 2022USD ($)
Indefinite-Lived Intangible Assets [Line Items]
Goodwill	$ 15,516
Trademarks and trade names	34,426
Total non-amortizable assets	8,397
Total non-amortizable assets	15,026
Total non-amortizable assets	23,423
Goodwill [Member]
Indefinite-Lived Intangible Assets [Line Items]
Goodwill	490
Goodwill	15,026
Goodwill	15,516
Goodwill [Member] | Shenandoah Furniture [Member]
Indefinite-Lived Intangible Assets [Line Items]
Goodwill	490
Goodwill	0
Goodwill	490
Goodwill [Member] | Sunset West [Member]
Indefinite-Lived Intangible Assets [Line Items]
Goodwill	0
Goodwill	15,026
Goodwill	15,026
Trademarks and Trade Names [Member]
Indefinite-Lived Intangible Assets [Line Items]
Trademarks and trade names	7,907
Trademarks and trade names	0
Trademarks and trade names	7,907
Trademarks and Trade Names [Member] | Bradington-Young [Member]
Indefinite-Lived Intangible Assets [Line Items]
Trademarks and trade names	861
Trademarks and trade names	0
Trademarks and trade names	861
Trademarks and Trade Names [Member] | Sam Moore [Member]
Indefinite-Lived Intangible Assets [Line Items]
Trademarks and trade names	396
Trademarks and trade names	0
Trademarks and trade names	396
Trademarks and Trade Names [Member] | Home Meridian International [Member]
Indefinite-Lived Intangible Assets [Line Items]
Trademarks and trade names	6,650
Trademarks and trade names	0
Trademarks and trade names	$ 6,650

Intangible Assets (Details) -_2

Intangible Assets (Details) - Schedule of Finite-Lived Intangible Assets - USD ($) $ in Thousands	3 Months Ended
	May 01, 2022	May 02, 2021
Finite-Lived Intangible Assets [Line Items]
Balance	$ 15,946
Acquisition	11,451
Amortization	(878)	$ (596)
Balance	26,519
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Balance	15,348
Acquisition	10,401
Amortization	(841)
Balance	24,908
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Balance	598
Acquisition	1,050
Amortization	(37)
Balance	$ 1,611

Leases (Details)

Leases (Details) - USD ($)	3 Months Ended
	May 01, 2022	May 02, 2021	Jan. 30, 2022
Leases (Details) [Line Items]
Operating Lease, Lease Income	$ 348,000	$ 146,000
Operating Lease, Weighted Average Remaining Lease Term	8 years
Lessee, Operating Lease, Variable Lease Payment, Terms and Conditions	incremental borrowing rate which is LIBOR plus 1.5%
Operating Lease, Weighted Average Discount Rate, Percent	1.91%
Lessee, Operating Lease, Term of Contract			10 years
Operating Lease, Payments	$ 2,829,000	$ 1,992,000
Minimum [Member]
Leases (Details) [Line Items]
Operating Lease, Payments	$ 23,700,000
London Interbank Offered Rate (LIBOR) [Member]
Leases (Details) [Line Items]
Operating Leases of Lessee, Contingent Rentals, Basis Spread on Variable Rate	1.50%

Leases (Details) - Lease, Cost

Leases (Details) - Lease, Cost - USD ($) $ in Thousands	3 Months Ended
	May 01, 2022	May 02, 2021
Leases (Details) - Lease, Cost [Line Items]
Operating lease cost	$ 2,662	$ 2,076
Operating cash outflows	2,829	1,992
Operating Lease Costs [Member]
Leases (Details) - Lease, Cost [Line Items]
Operating lease cost	2,527	2,013
Variable Lease Cost [Member]
Leases (Details) - Lease, Cost [Line Items]
Operating lease cost	55	44
Leases Less Then 12 Months [Member]
Leases (Details) - Lease, Cost [Line Items]
Operating lease cost	$ 80	$ 19

Leases (Details) - Schedule of

Leases (Details) - Schedule of Right-of-Use Assets and Lease Liabilities - USD ($) $ in Thousands	May 01, 2022	Jan. 30, 2022
Leases (Details) - Schedule of Right-of-Use Assets and Lease Liabilities [Line Items]
Operating leases right-of-use assets	$ 52,700	$ 51,854
Current portion of operating lease liabilities	7,447	7,471
Long term operating lease liabilities	47,271	46,570
Total operating lease liabilities	54,718	54,041
Real Estate [Member]
Leases (Details) - Schedule of Right-of-Use Assets and Lease Liabilities [Line Items]
Operating leases right-of-use assets	51,682	50,749
Property, Plant and Equipment [Member]
Leases (Details) - Schedule of Right-of-Use Assets and Lease Liabilities [Line Items]
Operating leases right-of-use assets	$ 1,018	$ 1,105

Leases (Details) - Lessee, Oper

Leases (Details) - Lessee, Operating Lease, Liability, Maturity - USD ($) $ in Thousands	May 01, 2022	Jan. 30, 2022
Lessee, Operating Lease, Liability, Maturity [Abstract]
Remainder of 2022	$ 6,457
2023	7,792
2024	7,793
2025	7,737
2026	7,390
2027 and thereafter	21,941
Total lease payments	59,110
Less: impact of discounting	(4,392)
Present value of lease payments	$ 54,718	$ 54,041

Long-Term Debt (Details)

Long-Term Debt (Details) $ in Millions	May 01, 2022USD ($)
Long-Term Debt (Details) [Line Items]
Line of Credit Facility, Current Borrowing Capacity	$ 27.9
Letters of Credit Outstanding, Amount	7.1
Line of Credit [Member]
Long-Term Debt (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 35

Earnings Per Share (Details) -

Earnings Per Share (Details) - Schedule of Restricted Stock and Restricted Stock Units - shares shares in Thousands	May 01, 2022	Jan. 30, 2022
Earnings Per Share (Details) - Schedule of Restricted Stock and Restricted Stock Units [Line Items]
Number of Shares Outstanding	269	138
Restricted Stock [Member]
Earnings Per Share (Details) - Schedule of Restricted Stock and Restricted Stock Units [Line Items]
Number of Shares Outstanding	129	60
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	140	78

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
	May 01, 2022	May 02, 2021
Schedule of Earnings Per Share, Basic and Diluted [Abstract]
Net income	$ 3,182	$ 9,443
Less: Unvested participating restricted stock dividends	19	11
Net earnings allocated to unvested participating restricted stock	25	49
Earnings available for common shareholders	$ 3,138	$ 9,383
Weighted average shares outstanding for basic earnings per share (in Shares)	11,866	11,833
Dilutive effect of unvested restricted stock, RSU and PSU awards (in Shares)	83	139
Weighted average shares outstanding for diluted earnings per share (in Shares)	11,949	11,972
Basic earnings per share (in Dollars per share)	$ 0.27	$ 0.79
Diluted earnings per share (in Dollars per share)	$ 0.26	$ 0.78

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	May 01, 2022	May 02, 2021
Income Tax Disclosure [Abstract]
Income Tax Expense (Benefit)	$ 991	$ 2,773
Effective Income Tax Rate Reconciliation, Percent	23.70%	22.70%

Segment Information (Details)

Segment Information (Details)	3 Months Ended
	May 01, 2022
Segment Reporting [Abstract]
Number of Reportable Segments	3

Segment Information (Details) -

Segment Information (Details) - Segment Reporting Information - USD ($) $ in Thousands	3 Months Ended
	May 01, 2022	May 02, 2021
Segment Reporting Information [Line Items]
Net Sales	$ 147,314	$ 162,861
% of Net Sales	100.00%	100.00%
Gross Profit
Gross Profit	$ 29,459	$ 33,582
% of Net Sales, Gross Profit	20.00%	20.60%
Operating Income/(Loss)
Operating Income	$ 3,923	$ 12,243
% of Net Sales, Operating Income	2.70%	7.50%
Capital Expenditures
Capital Expenditures	$ 830	$ 2,188
Depreciation & Amortization
Depreciation & Amortization	2,287	1,714
Hooker Branded [Member]
Segment Reporting Information [Line Items]
Net Sales	$ 42,230	$ 51,339
% of Net Sales	28.70%	31.50%
Gross Profit
Gross Profit	$ 13,240	$ 17,212
% of Net Sales, Gross Profit	31.40%	33.50%
Operating Income/(Loss)
Operating Income	$ 4,142	$ 9,442
% of Net Sales, Operating Income	9.80%	18.40%
Capital Expenditures
Capital Expenditures	$ 468	$ 83
Depreciation & Amortization
Depreciation & Amortization	684	449
Home Meridian International [Member]
Segment Reporting Information [Line Items]
Net Sales	$ 62,085	$ 84,411
% of Net Sales	42.10%	51.80%
Gross Profit
Gross Profit	$ 6,305	$ 10,135
% of Net Sales, Gross Profit	10.20%	12.00%
Operating Income/(Loss)
Operating Income	$ (3,095)	$ 866
% of Net Sales, Operating Income	(5.00%)	1.00%
Capital Expenditures
Capital Expenditures	$ 40	$ 1,346
Depreciation & Amortization
Depreciation & Amortization	662	501
Upholstery [Member]
Segment Reporting Information [Line Items]
Net Sales	$ 41,220	$ 25,420
% of Net Sales	28.00%	15.70%
Gross Profit
Gross Profit	$ 9,354	$ 5,638
% of Net Sales, Gross Profit	22.70%	22.20%
Operating Income/(Loss)
Operating Income	$ 2,752	$ 1,731
% of Net Sales, Operating Income	6.70%	6.80%
Capital Expenditures
Capital Expenditures	$ 322	$ 759
Depreciation & Amortization
Depreciation & Amortization	938	761
Other Segments [Member]
Segment Reporting Information [Line Items]
Net Sales	$ 1,779	$ 1,691
% of Net Sales	1.20%	1.00%
Gross Profit
Gross Profit	$ 560	$ 597
% of Net Sales, Gross Profit	31.50%	35.30%
Operating Income/(Loss)
Operating Income	$ 124	$ 204
% of Net Sales, Operating Income	7.00%	12.10%
Capital Expenditures
Capital Expenditures	$ 0	$ 0
Depreciation & Amortization
Depreciation & Amortization	$ 3	$ 3

Segment Information (Details)_2

Segment Information (Details) - Assets from Segments to Consolidated - USD ($) $ in Thousands	May 01, 2022	Jan. 30, 2022
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	$ 337,129	$ 350,216
% Total Assets	100.00%	100.00%
Consolidated Goodwill and Intangibles	$ 49,942	$ 24,343
Total Consolidated Assets	387,071	374,559
Hooker Branded [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	$ 129,403	$ 170,968
% Total Assets	38.30%	48.80%
Home Meridian International [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	$ 143,872	$ 130,890
% Total Assets	42.50%	37.40%
Upholstery [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	$ 62,306	$ 47,232
% Total Assets	18.70%	13.50%
Other Segments [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	$ 1,548	$ 1,126
% Total Assets	0.50%	0.30%

Segment Information (Details)_3

Segment Information (Details) - Revenue from External Customers by Products and Services - USD ($) $ in Thousands	3 Months Ended
	May 01, 2022	May 02, 2021
Revenue from External Customer [Line Items]
Net Sales	$ 147,314	$ 162,861
% Total	100.00%	100.00%
Casegoods [Member]
Revenue from External Customer [Line Items]
Net Sales	$ 74,192	$ 97,959
% Total	50.00%	60.00%
Upholstery [Member]
Revenue from External Customer [Line Items]
Net Sales	$ 73,122	$ 64,902
% Total	50.00%	40.00%

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event [Member] - USD ($) $ / shares in Units, $ in Millions	Jun. 01, 2022	Jun. 06, 2022
Subsequent Events (Details) [Line Items]
Dividends Payable, Date Declared	Jun. 1, 2022
Common Stock, Dividends, Per Share, Declared	$ 0.2
Dividends Payable, Date to be Paid	Jun. 30, 2022
Dividends Payable, Date of Record	Jun. 17, 2022
Stock Repurchase Program, Authorized Amount		$ 20