Haverty Furniture Companies (HVT) 10-K 4 Mar 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Feb. 29, 2016	Jun. 30, 2015
Entity Information [Line Items]
Entity Registrant Name	HAVERTY FURNITURE COMPANIES INC
Entity Central Index Key	216,085
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Public Float			$ 465,458,148
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2015
Common Stock [Member]
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		20,124,844
Class A Common Stock [Member]
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		2,031,349

Consolidated BALANCE SHEETS

Consolidated BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Current assets
Cash and cash equivalents	$ 70,659	$ 65,481
Investments	12,725	7,250
Restricted cash and cash equivalents	8,005	8,017
Accounts receivable	5,948	7,146
Inventories	108,896	107,139
Prepaid expenses	6,137	6,418
Other current assets	6,341	8,010
Total current assets	218,711	209,461
Accounts receivable, long-term	655	731
Property and equipment	229,283	225,162
Deferred income taxes	17,245	17,610
Other assets	5,357	8,023
Total assets	471,251	460,987
Current liabilities
Accounts payable	27,815	24,152
Customer deposits	21,036	23,687
Accrued liabilities	42,060	39,960
Deferred income taxes	0	5,689
Current portion of lease obligations	3,051	2,387
Total current liabilities	93,962	95,875
Lease obligations, less current portion	50,074	46,678
Other liabilities	25,476	26,351
Commitments	0	0
Total liabilities	$ 169,512	$ 168,904
Capital Stock, par value $1 per share
Preferred Stock, Authorized - 1,000 shares; Issued: None
Additional paid-in capital	$ 83,179	$ 79,726
Retained earnings	279,760	260,031
Accumulated other comprehensive income (loss)	(1,938)	(2,168)
Less treasury stock at cost - Common Stock (2015 - 8,362; 2014 - 7,759) and Convertible Class A Common Stock (2015 and 2014 - 522)	(90,302)	(76,436)
Total stockholders' equity	301,739	292,083
Total liabilities and stockholders' equity	471,251	460,987
Common Stock [Member]
Capital Stock, par value $1 per share
Common Stock	28,486	28,327
Convertible Class A Common Stock [Member]
Capital Stock, par value $1 per share
Common Stock	$ 2,554	$ 2,603

Consolidated BALANCE SHEETS (Pa

Consolidated BALANCE SHEETS (Parenthetical) - $ / shares shares in Thousands	Dec. 31, 2015	Dec. 31, 2014
Stockholders' equity
Preferred Stock, shares authorized (in shares)	1,000	1,000
Preferred Stock, shares issued (in shares)	0	0
Common Stock, par value (in dollars per share)	$ 1	$ 1
Common Stock [Member]
Stockholders' equity
Common Stock, shares authorized (in shares)	50,000	50,000
Common Stock, shares issued (in shares)	28,486	28,327
Treasury Stock, common stock shares (in shares)	8,362	7,759
Convertible Class A Common Stock [Member]
Stockholders' equity
Common Stock, shares authorized (in shares)	15,000	15,000
Common Stock, shares issued (in shares)	2,554	2,603
Treasury Stock, common stock shares (in shares)	522	522

Consolidated Statements of COMP

Consolidated Statements of COMPREHENSIVE INCOME - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Net sales	[1]	$ 804,870	$ 768,409	$ 746,090
Cost of goods sold		374,094	356,043	344,594
Gross profit		430,776	412,366	401,496
Credit service charges		286	298	320
Gross profit and other revenue		431,062	412,664	401,816
Expenses:
Selling, general and administrative		384,801	364,654	348,599
Pension settlement expense		0	21,623	0
Provision for doubtful accounts		314	257	120
Other income, net		(1,617)	(178)	(497)
Total expenses		383,498	386,356	348,222
Income before interest and income taxes		47,564	26,308	53,594
Interest expense, net		2,289	1,051	1,107
Income before income taxes		45,275	25,257	52,487
Income tax expense		17,486	16,668	20,222
Net income		27,789	8,589	32,265
Other comprehensive income, net of tax:
Defined benefit pension plans adjustments; net of tax expense (benefit) of $141, ($2,954) and $4,822		230	13,244	7,966
Comprehensive income		$ 28,019	$ 21,833	$ 40,231
Common Stock [Member]
Basic earnings per share:
Common Stock (in dollars per share)		$ 1.24	$ 0.38	$ 1.45
Diluted earnings per share:
Common Stock (in dollars per share)		$ 1.22	$ 0.37	$ 1.41
Class A Common Stock [Member]
Expenses:
Net income		$ 2,436	$ 732	$ 3,506
Basic earnings per share:
Common Stock (in dollars per share)		$ 1.18	$ 0.33	$ 1.37
Diluted earnings per share:
Common Stock (in dollars per share)		$ 1.17	$ 0.33	$ 1.35
[1]	Includes delivery charges and product protection.

Consolidated Statements of COM5

Consolidated Statements of COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Defined benefit pension plan adjustments, tax expense (benefit)	$ 141	$ (2,954)	$ 4,822

Consolidated Statements of STOC

Consolidated Statements of STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock [Member]	Class A Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
Balance at Dec. 31, 2012	$ 27,212	$ 3,297	$ (75,816)	$ 73,803	$ 254,310	$ (23,378)
Balance (in shares) at Dec. 31, 2012	27,212,184	3,297,433	(8,263,557)
Conversion of Class A Common Stock	$ 382	$ (382)
Conversion of Class A Common Stock (in shares)	382,199	(382,199)
Stock compensation transactions, net	$ 259
Stock compensation transactions, net (in shares)	259,029
Stock option and restricted stock issuances				(1,928)
Tax benefit related to stock-based plans				1,754
Directors Compensation Plan			$ 96	454
Directors Compensation Plan (in shares)			10,143
Purchases			$ 0				$ 0
Purchases (in shares)			0
Amortization of restricted stock				3,323
Net income					32,265		32,265
Cash dividends					(5,353)
Pension liabilities adjustment, net of taxes						7,966
Balance at Dec. 31, 2013	$ 27,853	$ 2,915	$ (75,720)	77,406	281,222	(15,412)	298,264
Balance (in shares) at Dec. 31, 2013	27,853,412	2,915,234	(8,253,414)
Conversion of Class A Common Stock	$ 312	$ (312)
Conversion of Class A Common Stock (in shares)	311,824	(311,824)
Stock compensation transactions, net	$ 162
Stock compensation transactions, net (in shares)	161,534
Stock option and restricted stock issuances				(2,232)
Tax benefit related to stock-based plans				896
Directors Compensation Plan			$ 88	337
Directors Compensation Plan (in shares)			9,213
Purchases			$ (804)				804
Purchases (in shares)			(37,076)
Amortization of restricted stock				3,319
Net income					8,589		8,589
Cash dividends					(29,780)
Pension liabilities adjustment, net of taxes						13,244
Balance at Dec. 31, 2014	$ 28,327	$ 2,603	$ (76,436)	79,726	260,031	(2,168)	292,083
Balance (in shares) at Dec. 31, 2014	28,326,770	2,603,410	(8,281,277)
Conversion of Class A Common Stock	$ 49	$ (49)
Conversion of Class A Common Stock (in shares)	48,951	(48,951)
Stock compensation transactions, net	$ 110
Stock compensation transactions, net (in shares)	110,037
Stock option and restricted stock issuances				(1,312)
Tax benefit related to stock-based plans				253
Directors Compensation Plan			$ 136	479
Directors Compensation Plan (in shares)			14,274
Purchases			$ (14,002)				14,002
Purchases (in shares)			(617,021)
Amortization of restricted stock				4,033
Net income					27,789		27,789
Cash dividends					(8,060)
Pension liabilities adjustment, net of taxes						230
Balance at Dec. 31, 2015	$ 28,486	$ 2,554	$ (90,302)	$ 83,179	$ 279,760	$ (1,938)	$ 301,739
Balance (in shares) at Dec. 31, 2015	28,485,758	2,554,459	(8,884,024)

Consolidated Statements of STO7

Consolidated Statements of STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Common Stock [Member]
Cash dividends, common stock (in dollars per share)	$ 0.36	$ 1.32	$ 0.24
Class A Common Stock [Member]
Treasury stock (in shares)	522,410	522,410	522,410
Cash dividends, common stock (in dollars per share)	$ 0.34	$ 1.25	$ 0.225

Consolidated Statements of CASH

Consolidated Statements of CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash Flows from Operating Activities
Net income	$ 27,789	$ 8,589	$ 32,265
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	25,756	22,613	21,450
Stock-based compensation expense	4,033	3,319	3,323
Excess tax benefit from stock-based plans	(397)	(896)	(1,754)
Deferred income taxes	(3,019)	4,800	(652)
Provision for doubtful accounts	314	257	120
Pension settlement expense	0	21,623	0
Other	(160)	641	459
Changes in operating assets and liabilities:
Accounts receivable	960	870	1,400
Inventories	(2,305)	(15,656)	5,419
Customer deposits	(2,650)	4,679	(1,955)
Other assets and liabilities	(590)	(2,023)	(2,638)
Accounts payable and accrued liabilities	2,501	6,638	(1,548)
Net Cash Provided by Operating Activities	52,232	55,454	55,889
Cash Flows from Investing Activities
Capital expenditures	(27,143)	(30,882)	(20,202)
Maturities of certificates of deposit	7,250	0	0
Purchase of commercial paper and certificates of deposit	(9,975)	(10,000)	0
Restricted cash and cash equivalents	12	(1,001)	(3)
Other investing activities	1,501	511	85
Net Cash Used in Investing Activities	(28,355)	(41,372)	(20,120)
Cash Flows from Financing Activities
Proceeds from borrowings under revolving credit facilities	0	0	0
Payments of borrowings under revolving credit facilities	0	0	0
Net change in borrowings under revolving credit facilities	0	0	0
Construction allowance receipts	6,701	1,050	0
Payments on lease obligations	(2,534)	(1,088)	(867)
Proceeds from exercise of stock options	0	0	872
Excess tax benefit from stock-based plans	397	896	1,754
Dividends paid	(8,060)	(29,780)	(5,353)
Common stock repurchased	(14,002)	(804)	0
Other financing activities	(1,201)	(2,060)	(2,540)
Net Cash Used In Financing Activities	(18,699)	(31,786)	(6,134)
Increase (Decrease) in Cash and Cash Equivalents	5,178	(17,704)	29,635
Cash and Cash Equivalents at Beginning of Year	65,481	83,185	53,550
Cash and Cash Equivalents at End of Year	$ 70,659	$ 65,481	$ 83,185

DESCRIPTION OF BUSINESS AND SUM

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2015
DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Note 1, Description of Business and Summary of Significant Accounting Policies: Business: Haverty Furniture Companies, Inc. ("Havertys," "we," "our," or "us") is a retailer of a broad line of residential furniture in the middle to upper-middle price ranges. We have 121 showrooms in 16 states at December 31, 2015. All of our stores are operated using the Havertys name and we do not franchise our stores. We offer financing through an internal revolving charge credit plan as well as a third-party finance company. Basis of Presentation: The consolidated financial statements include the accounts of Havertys and its wholly-owned subsidiary. All significant intercompany accounts and transactions have been eliminated in consolidation. Certain reclassifications have been made to prior period financial statements to conform to the current year presentation. Use of Estimates: The preparation of financial statements in conformity with United States of America generally accepted accounting principles ("GAAP") requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Cash and Cash Equivalents: Cash and cash equivalents includes all liquid investments with a maturity date of less than three months when purchased. Cash equivalents also include amounts due from third-party financial institutions for credit and debit card transactions which typically settle within five days. Investments: Investments consist of commercial paper and certificates of deposit. The commercial paper totaled approximately $9,975,000 at December 31, 2015 with maturities of more than three months but less than six months. Certificates of deposit had original maturities of greater than three months. The certificates of deposit with remaining maturities of less than one year was $2,750,000 and $7,250,000 at December 31, 2015 and 2014, respectively. Those with remaining maturities greater than one year was $2,750,000 at December 31, 2014 and are included in other assets. The fair values of the investments approximate their carrying amounts. Restricted Cash and Cash Equivalents: Our insurance carrier requires us to collateralize a portion of our workers' compensation obligations. These funds are investments in money market funds held by an agent. The agreement with our carrier governing these funds is on an annual basis expiring on December 31. Inventories: Inventories are stated at the lower of cost or market. Cost is determined using the last-in, first-out (LIFO) method. Property and Equipment: Property and equipment are stated at cost less accumulated depreciation and amortization. Depreciation is provided over the estimated useful lives of the assets using the straight-line method. Leasehold improvements and buildings under lease are amortized over the shorter of the estimated useful life or the lease term of the related asset. Amortization of buildings under lease is included in depreciation expense. Estimated useful lives for financial reporting purposes are as follows: Buildings 25 – 33 years Improvements 5 – 15 years Furniture and Fixtures 3 – 15 years Equipment 3 – 15 years Buildings under lease 15 years Customer Deposits: Customer deposits consist of cash collections on sales of undelivered merchandise, customer advance payments, and deposits on credit sales for undelivered merchandise. Revenue Recognition: We recognize revenue from merchandise sales and related service fees, net of sales taxes, upon delivery to the customer. A reserve for merchandise returns and customer allowances is estimated based on our historical returns and allowance experience and current sales levels. We typically offer our customers an opportunity for us to deliver their purchases and most choose this service. Delivery fees of approximately $27,650,000, $27,293,000 and $27,588,000 were charged to customers in 2015, 2014 and 2013, respectively, and are included in net sales. The costs associated with deliveries are included in selling, general and administrative expenses and were approximately $37,730,000, $36,395,000 and $32,736,000 in 2015, 2014 and 2013, respectively. Credit service charges are recognized as revenue as assessed to customers according to contract terms. The costs associated with credit approval, account servicing and collections are included in selling, general and administrative expenses. Cost of Goods Sold: Our cost of goods sold includes the direct costs of products sold, warehouse handling and transportation costs. Selling, General and Administrative Expenses: Our selling, general and administrative ("SG&A") expenses are comprised of advertising, selling, occupancy, delivery and administrative costs as well as certain warehouse expenses. The costs associated with our purchasing, warehousing, delivery and other distribution costs included in SG&A expense were approximately $73,803,000, $70,420,000 and $64,302,000 in 2015, 2014 and 2013, respectively. Leases: In the case of certain leased stores, we may be extensively involved in the construction or major structural modifications of the leased properties. As a result of this involvement, we are deemed the "owner" for accounting purposes during the construction period, and are required to capitalize the total fair market value of the portion of the leased property, excluding land, we use on our consolidated balance sheet. Following construction completion, we perform an analysis under ASC 840, " Leases Deferred Escalating Minimum Rent and Lease Incentives: Certain of our operating leases contain predetermined fixed escalations of the minimum rentals during the term of the lease. For these leases, we recognize the related rental expense on a straight-line basis over the life of the lease, beginning with the point at which we obtain control and possession of the leased properties, and record the difference between the amounts charged to operations and amounts paid as "Accrued liabilities." The liability for deferred escalating minimum rent approximated $9,980,000 and $10,850,000 at December 31, 2015 and 2014, respectively. Any operating lease incentives we receive are deferred and subsequently amortized on a straight-line basis over the life of the lease as a reduction of rent expense. The liability for lease incentives approximated $981,000 and $1,373,000 at December 31, 2015 and 2014, respectively. Advertising Expense: Advertising costs, which include television, radio, newspaper and other media advertising, are expensed upon first showing. The total amount of prepaid advertising costs included in other current assets was approximately $1,086,000 and $718,000 at December 31, 2015 and 2014, respectively. We incurred approximately $45,784,000, $45,067,000 and $43,030,000 in advertising expense during 2015, 2014 and 2013, respectively. Interest expense is comprised of amounts incurred related to our debt and lease obligations recorded on our balance sheet, net of interest income. The total amount of interest expense was approximately $2,615,000, $1,423,000 and $1,218,000 during 2015, 2014 and 2013, respectively. Other Income, net: Other income, net includes any gains or losses on sales of property and equipment and miscellaneous income or expense items outside of core operations. Other income, net for the year ended December 31, 2015 includes proceeds received of $800,000 for the settlement related to credit card litigation. Self-Insurance: We are self-insured, for amounts up to a deductible per occurrence, for losses related to general liability, workers' compensation and vehicle claims. Beginning in 2012 we became primarily self-insured for employee group health care claims. We maintain an accrual for these costs based on claims filed and an estimate of claims incurred but not reported or paid, based on historical data and actuarial estimates. The current portion of these self-insurance reserves is included in accrued liabilities and the non-current portion is included in other liabilities. These reserves totaled $9,092,000 and $8,863,000 at December 31, 2015 and 2014, respectively. Fair Values of Financial Instruments: The fair values of our cash and cash equivalents, restricted cash and cash equivalents, accounts receivable, accounts payable and customer deposits approximate their carrying amounts due to their short-term nature. The assets that are related to our self-directed, non-qualified deferred compensation plans for certain executives and employees are valued using quoted market prices, a Level 1 valuation technique. The assets totaled approximately $3,335,000 and $2,728,000 at December 31, 2015 and 2014, respectively, and are included in other assets. The related liability of the same amount is included in other liabilities. Impairment of Long-Lived Assets: We review long-lived assets for impairment when circumstances indicate the carrying amount of an asset may not be recoverable. If an indicator of impairment is identified, we evaluate the long-lived assets at the individual property or store level, which is the lowest level at which individual cash flows can be identified. When evaluating these assets for potential impairment, we first compare the carrying amount of the asset to the store's estimated future cash flows (undiscounted and without interest charges). If the estimated future cash flows are less than the carrying amount of the asset, an impairment loss calculation is prepared. The impairment loss calculation compares the carrying amount of the asset to the store's assets' estimated fair value, which is determined on the basis of fair value for similar assets or future cash flows (discounted and with interest charges). If required, an impairment loss is recorded in SG&A expense for the difference in the asset's carrying value and the asset's estimated fair value. No such losses were recorded in 2015, 2014 and 2013. Earnings Per Share: We report our earnings per share using the two class method. The income per share for each class of common stock is calculated assuming 100% of our earnings are distributed as dividends to each class of common stock based on their contractual rights. See Note 13 for the computational components of basic and diluted earnings per share. Accumulated Other Comprehensive Income (Loss): Accumulated other comprehensive income (loss) ("AOCI"), net of income taxes, was comprised of unrecognized pension and retirement liabilities totaling approximately $1,938,000 and $2,168,000 at December 31, 2015 and 2014, respectively. The amounts reclassified out of AOCI to SG&A related to our defined benefit pension plans. Recently Issued and Adopted Accounting Pronouncement: Changes to GAAP are established by the Financial Accounting Standards Board (FASB) in the form of accounting standards updates (ASU's) to the FASB's Accounting Standards Codification (ASC). We considered the applicability and impact of all ASU's. ASU's not listed below were assessed and determined to be either not applicable or are expected to have minimal impact on our consolidated financial position or results of operations. Revenue Recognition. Deferred Taxes. Leases. Segment Information We operate within a single reportable segment. The following table presents the net sales of each major product category and service for each of the last three years: Year Ended December 31, (In thousands) 2015 2014 2013 Net Sales % of Net Sales Net Sales % of Net Sales Net Sales % of Net Sales Merchandise: Case Goods Bedroom Furniture $ 135,855 16.9 % $ 130,277 17.0 % $ 136,101 18.3 % Dining Room Furniture 92,966 11.6 85,671 11.1 83,164 11.1 Occasional 79,219 9.8 81,326 10.6 82,288 11.0 308,040 38.3 297,274 38.7 301,553 40.4 Upholstery 321,484 39.9 307,041 39.9 289,837 38.9 Mattresses 84,897 10.6 83,706 10.9 80,588 10.8 Accessories and Other (1) 90,449 11.2 80,388 10.5 74,112 9.9 $ 804,870 100.0 % $ 768,409 100.0 % $ 746,090 100.0 % (1) Includes delivery charges and product protection.

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE	12 Months Ended
	Dec. 31, 2015
ACCOUNTS RECEIVABLE [Abstract]
ACCOUNTS RECEIVABLE	Note 2, Accounts Receivable: Amounts financed under our in-house credit programs, as a percent of net sales including sales tax, were approximately 1.4% in 2015, 1.7% in 2014 and 2.2% in 2013. The credit programs selected most often by our customers is "12 months no interest with equal monthly payments." The terms of the other programs vary as to payment terms (30 days to three years) and interest rates (0% to 21%). The receivables are collateralized by the merchandise sold. Accounts receivable balances resulting from certain credit promotions have scheduled payment amounts which extend beyond one year. These receivable balances have been historically collected earlier than the scheduled dates. The amounts due per the scheduled payment dates approximate as follows: $6,243,000 in 2016, $606,000 in 2017, $125,000 in 2018 and $24,000 in 2019 for receivables outstanding at December 31, 2015. Accounts receivable are shown net of the allowance for doubtful accounts of approximately $395,000 and $350,000 at December 31, 2015 and 2014. We provide an allowance utilizing a methodology which considers the balances in problem and delinquent categories of accounts, historical write-offs, existing economic conditions and management judgment. We assess the adequacy of the allowance account at the end of each quarter. Interest assessments are continued on past-due accounts but no "interest on interest" is recorded. Delinquent accounts are generally written off automatically after the passage of nine months without receiving a full scheduled monthly payment. Accounts are written off sooner in the event of a discharged bankruptcy or other circumstances that make further collections unlikely. We believe that the carrying value of existing customer receivables, net of allowances, approximates fair value because of their short average maturity. Concentrations of credit risk with respect to customer receivables are limited due to the large number of customers comprising our account base and their dispersion across 16 states.

INVENTORIES

INVENTORIES	12 Months Ended
	Dec. 31, 2015
INVENTORIES [Abstract]
INVENTORIES	Note 3, Inventories Inventories are measured using the last-in, first-out (LIFO) method of valuation because it results in a better matching of current costs and revenues. The excess of current costs over our carrying value of inventories was approximately $19,394,000 and $18,956,000 at December 31, 2015 and 2014, respectively. The use of the LIFO valuation method as compared to the FIFO method had a negative impact on our cost of goods sold of approximately $438,000 in 2015 and $219,000 in 2014 and a positive impact of $259,000 in 2013. During 2015 and 2013, inventory quantities declined resulting in liquidations of LIFO inventory layers. The effect of the liquidations (included in the preceding LIFO impact amounts) decreased cost of goods sold by an immaterial amount in each of the years. We believe this information is meaningful to the users of these consolidated financial statements for analyzing the effects of price changes, for better understanding our financial position and for comparing such effects with other companies.

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	12 Months Ended
	Dec. 31, 2015
PROPERTY AND EQUIPMENT [Abstract]
PROPERTY AND EQUIPMENT	Note 4, Property and Equipment: Property and equipment are summarized as follows: (In thousands) 2015 2014 Land and improvements $ 48,264 $ 48,410 Buildings and improvements 258,668 245,188 Furniture and fixtures 106,797 96,715 Equipment 45,450 43,236 Buildings under lease 51,994 36,756 Construction in progress 917 16,146 512,090 486,451 Less accumulated depreciation (271,372 ) (253,009 ) Less accumulated lease amortization (11,435 ) (8,280 ) Property and equipment, net $ 229,283 $ 225,162

CREDIT ARRANGEMENT

CREDIT ARRANGEMENT	12 Months Ended
	Dec. 31, 2015
CREDIT ARRANGEMENT [Abstract]
CREDIT ARRANGEMENT	Note 5, Credit Arrangement: In September 2011 Havertys entered into an Amended and Restated Credit Agreement (the "Credit Agreement") The $50.0 million revolving credit facility is secured by inventory, accounts receivable, cash and certain other personal property. Our Credit Agreement includes negative covenants that limit our ability to, among other things (a) incur, assume or permit to exist additional indebtedness or guarantees; (b) incur liens and engage in sale leaseback transactions or real estate sales in excess of $100.0 million; (c) pay dividends or redeem or repurchase capital stock; (d) engage in certain transactions with affiliates; and (e) alter the business that we conduct. These covenants are not expected to impact our liquidity or capital resources. Availability fluctuates under a borrowing base calculation and is reduced by outstanding letters of credit. The borrowing base was $57.7 million and there were no outstanding letters of credit at December 31, 2015. Amounts available are based on the lesser of the borrowing base or the $50.0 million line amount and reduced by $6.2 million since a fixed charge coverage ratio test was not met for the immediately preceding twelve months, resulting in a net availability of $43.8 million. There were no borrowed amounts outstanding under the Credit Agreement at December 31, 2015.

ACCRUED LIABILITIES AND OTHER L

ACCRUED LIABILITIES AND OTHER LIABILITIES	12 Months Ended
	Dec. 31, 2015
ACCRUED LIABILITIES AND OTHER LIABILITIES [Abstract]
ACCRUED LIABILITIES AND OTHER LIABILITIES	Note 6, Accrued Liabilities and Other Liabilities: Accrued liabilities and other liabilities consist of the following: (In thousands) 2015 2014 Accrued liabilities: Employee compensation, related taxes and benefits $ 13,399 $ 15,145 Taxes other than income and withholding 7,968 9,322 Self-insurance reserves 5,919 5,942 Other 14,774 9,551 $ 42,060 $ 39,960 Other liabilities: Straight-line lease liability $ 9,980 $ 10,850 Self-insurance reserves 3,173 2,921 Other 12,323 12,580 $ 25,476 $ 26,351

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2015
INCOME TAXES [Abstract]
INCOME TAXES	Note 7, Income Taxes: Income tax expense (benefit) consists of the following: (In thousands) 2015 2014 2013 Current Federal $ 17,598 $ 10,257 $ 18,253 State 2,907 1,611 2,621 20,505 11,868 20,874 Deferred Federal (2,476 ) 4,323 (706 ) State (543 ) 477 54 (3,019 ) 4,800 (652 ) $ 17,486 $ 16,668 $ 20,222 The differences between income tax expense in the accompanying Consolidated Financial Statements and the amount computed by applying the statutory Federal income tax rate are as follows: (In thousands) 2015 2014 2013 Statutory rates applied to income before income taxes $ 15,846 $ 8,840 $ 18,370 State income taxes, net of Federal tax benefit 1,487 788 1,610 Net permanent differences (11 ) 42 316 Release of debit balance in accumulated other comprehensive income related to settled pension obligations — 6,866 — Change in deferred tax asset valuation allowance — — (1,363 ) Change in state credits — 110 1,466 Other 164 22 (177 ) $ 17,486 $ 16,668 $ 20,222 The change in state credits in 2014 and 2013 is the unused amounts which expired as of the end of each of the tax years. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The amounts in the following table are grouped based on broad categories of items that generate the deferred tax assets and liabilities. (In thousands) 2015 2014 Deferred tax assets: Accounts receivable $ 772 $ 743 Property and equipment 9,250 5,787 Leases 5,880 5,055 Accrued liabilities 10,916 9,523 Retirement benefits 579 720 Other 31 31 Total deferred tax assets 27,428 21,859 Deferred tax liabilities: Inventory 9,285 9,198 Other 898 740 Total deferred tax liabilities 10,183 9,938 Net deferred tax assets $ 17,245 $ 11,921 As discussed in Note 1, we adopted ASU 2015-17 as of December 31, 2015, and we applied the new guidance prospectively and the 2014 balance sheet was not adjusted. For 2015, deferred tax assets and liabilities are classified as noncurrent. For 2014, deferred tax assets and deferred tax liabilities which are current are netted against each other as are non-current deferred tax assets and non-current deferred tax liabilities as they relate to each tax-paying component for presentation in the consolidated balance sheets. These groupings are detailed in the following table: (In thousands) 2015 2014 Current assets (liabilities): Current deferred assets $ — $ 5,801 Current deferred liabilities — (11,490 ) — (5,689 ) Non-current assets (liabilities): Non-current deferred assets 27,428 38,978 Non-current deferred liabilities (10,183 ) (21,368 ) 17,245 17,610 Net deferred tax assets $ 17,245 $ 11,921 We review our deferred tax assets to determine the need for a valuation allowance. Based on evidence we conclude that it is more-likely-than-not that our deferred tax assets will be realized and therefore a valuation allowance is not required. We established a valuation allowance in 2008 against virtually all of our deferred tax assets due to our operating loss in that year and projected loss in 2009. A portion of the allowance was charged to AOCI and was increased in 2009. Our profitability in 2011 was sufficient for us to release the valuation allowance. The "backward-tracing" prohibition in ASC 740, Income Taxes We file income tax returns in the U.S. federal jurisdiction and various state and local jurisdictions. With respect to U.S. federal, state and local jurisdictions, with limited exceptions, we are no longer subject to income tax audits for years before 2010. Uncertain Tax Positions No uncertain tax positions were identified for the years currently open under statute of limitations, including 2013, 2014 and 2015. Interest and penalties associated with uncertain tax positions, if any, are recognized as components of income tax expense.

LONG-TERM DEBT AND LEASE OBLIGA

LONG-TERM DEBT AND LEASE OBLIGATIONS	12 Months Ended
	Dec. 31, 2015
LONG-TERM DEBT AND LEASE OBLIGATIONS [Abstract]
LONG-TERM DEBT AND LEASE OBLIGATIONS	Note 8, Long-Term Debt and Lease Obligations: (In thousands) 2015 2014 Revolving credit notes (a) $ — $ — Lease obligations (b) 53,125 49,065 53,125 49,065 Less portion classified as current (3,051 ) (2,387 ) $ 50,074 $ 46,678 (a) We have a revolving credit agreement as described in Note 5. (b) These obligations are related to properties under lease with aggregate net book values of approximately $40,559,000 and $40,538,000 at December 31, 2015 and 2014, respectively. The approximate aggregate maturities of these lease obligations during the five years subsequent to December 31, 2015 and thereafter are as follows: 2016 - $3,051,000; 2017 - $3,250,000, 2018 - $3,466,000; 2019 - $3,685,000; 2020 - $3,878,000 and $35,795,000 thereafter. These maturities are net of imputed interest of approximately $17,611,000 at December 31, 2015.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
	Dec. 31, 2015
STOCKHOLDERS' EQUITY [Abstract]
STOCKHOLDERS' EQUITY	Note 9, Stockholders' Equity: Common Stock has a preferential dividend rate of at least 105% of the dividend paid on Class A Common Stock. Class A Common Stock has greater voting rights which include: voting as a separate class for the election of 75% of the total number of directors and on all other matters subject to shareholder vote, each share of Class A Common Stock has ten votes and votes with the Common Stock as a single class. Class A Common Stock is convertible at the holder's option at any time into Common Stock on a 1-for-1 basis; Common Stock is not convertible into Class A Common Stock. A special cash dividend of $1.00 for Common Stock and $0.95 for Class A Common Stock was paid in the third quarter of 2014. Aggregate dividends paid on Common Stock was $7,358,000, $27,077,000 and $4,787,000 in 2015, 2014 and 2013, respectively. Aggregate dividends paid on Class A Common Stock was $702,000, $2,703,000 and $566,000 in 2015, 2014 and 2013, respectively.

BENEFIT PLANS

BENEFIT PLANS	12 Months Ended
	Dec. 31, 2015
BENEFIT PLANS [Abstract]
BENEFIT PLANS	Note 10, Benefit Plans: During the fourth quarter of 2014, we settled the obligations associated with our defined benefit pension plan (the "Pension Plan"). The Pension Plan covered substantially all employees hired on or before December 31, 2005 and was closed to any employees hired after that date. The benefits are based on years of service and the employee's final average compensation. No new benefits were earned under the Pension Plan for additional years of service after December 31, 2006. Pension Plan participants not yet retired received vested benefits from the plan assets by electing either a lump sum distribution, roll-over contribution to a 401(k) or individual retirement plans, or an annuity contract with a third-party insurance company. Retired participants automatically received annuities. Pension settlement charges of $21,623,000, before tax, were recorded during the fourth quarter of 2014 as payments were made from the Plan in accordance with the participants' elections. The remaining $813,000 in plan assets at December 31, 2014 will fund additional plan termination professional fees, administration expenses and any required adjustments identified to amounts settled, with the remainder distributed equally to current plan participants after final IRS approval is obtained and other governmental review is completed. Accordingly, at December 31, 2015 and 2014, we had no future obligations related to the terminated Pension Plan. We also have a non-qualified, non-contributory supplemental executive retirement plan (the "SERP") for employees whose retirement benefits are reduced due to their annual compensation levels. The SERP provides annual benefits amounting to 55% of final average earnings less benefits payable from our pension plan and Social Security benefits. The SERP limits the total amount of annual retirement benefits that may be paid to a participant from all sources (Retirement Plan, Social Security and the SERP) to $125,000. The SERP is not funded so we pay benefits directly to participants. The SERP was frozen as of December 31, 2015 and no additional benefits will be accrued after that date. The following table summarizes information about our Pension Plan and SERP. Pension Plan SERP (In thousands) 2015 2014 2015 2014 Change in benefit obligation: Benefit obligation at beginning of the year N/ A $ 73,456 $ 7,270 $ 5,974 Service cost — 129 117 Interest cost 3,232 314 289 Plan settlements (83,453 ) — — Plan curtailments — (87 ) — Special termination benefits 813 — — Actuarial losses (gains) 10,700 317 1,095 Benefits paid (3,935 ) (224 ) (205 ) Benefit obligation at end of year 813 7,719 7,270 Change in plan assets: Fair value of plan assets at beginning of year 82,904 — — Employer contribution — 224 205 Actual return on plan assets 5,297 — — Plan settlements (83,453 ) — — Benefits paid (3,935 ) (224 ) (205 ) Fair value of plan assets at end of year 813 — — Funded status of the plan – (underfunded) $ — $ (7,719 ) $ (7,270 ) Accumulated benefit obligations $ — $ 7,719 $ 7,270 Amounts recognized in the consolidated balance sheets consist of: SERP (In thousands) 2015 2014 Noncurrent assets $ — $ — Current liabilities (287 ) (228 ) Noncurrent liabilities (7,432 ) (7,042 ) $ (7,719 ) $ (7,270 ) Amounts recognized in accumulated other comprehensive income (loss) before the effect of income taxes consist of: SERP (In thousands) 2015 2014 Prior service cost $ — $ (432 ) Net actuarial loss (1,724 ) (1,663 ) $ (1,724 ) $ (2,095 ) Net pension cost included the following components: Pension Plan SERP (In thousands) 2015 2014 2013 2015 2014 2013 Service cost-benefits earned during the period N/ A $ — $ — $ 129 $ 117 $ 134 Interest cost on projected benefit obligation 3,232 3,278 314 289 259 Expected return on plan assets (4,475 ) (4,948 ) — — — Amortization of prior service cost — — 210 210 210 Amortization of actuarial loss 244 1,627 169 — 68 Settlement loss recognized 20,810 — — — — Curtailment loss recognized — — 222 — — Special termination benefit recognized 813 — — — — Net pension costs $ 20,624 $ (43 ) $ 1,044 $ 616 $ 671 The net periodic benefit cost for the SERP for the year ending December 31, 2015, includes the impact of freezing the plan as of December 31, 2015, which resulted in fully recognizing the outstanding prior service cost basis at that date. The estimated amount that will be amortized from accumulated other comprehensive loss into net periodic cost in 2016 is approximately $120,000 for the SERP. Assumptions We use a measurement date of December 31 for our pension and SERP plan. Assumptions used to determine net periodic benefit cost for years ended December 31 are as follows: Pension Plan SERP 2014 2013 2015 2014 2013 Discount rate 4.93 % 4.13 % 4.09 % 4.96 % 4.08 % Expected long-term return on plan assets 6.00 % 6.65 % n/ a n/ a n/ a Rate of compensation increase n/ a n/ a 3.50 % 3.50 % 3.50 % For purposes of determining the periodic expense of our defined benefit plan, we use fair market value of plan assets as the market related value. Assumptions used to determine benefit obligations at December 31 are as follows: SERP 2015 2014 Discount rate 4.58 % 4.09 % Rate of compensation increase 3.50 % 3.50 % Cash Flows The following schedule outlines the expected benefit payments related to the SERP in future years. These expected benefits were estimated based on the same actuarial assumptions used to determine benefit obligations at December 31, 2015. (In thousands) SERP 2016 $ 287 2017 367 2018 371 2019 384 2020 412 2021-2025 2,262 Other Plans We have an employee savings/retirement (401(k)) plan to which substantially all our employees may contribute. We match employee contributions 100% of the first 1% of eligible pay and 50% of the next 5% contributed by participants. We expensed matching employer contributions of approximately $3,661,000, $3,449,000 and $3,104,000 in 2015, 2014 and 2013, respectively. We offer no post-retirement benefits other than the plans discussed above and no significant post-employment benefits.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	12 Months Ended
	Dec. 31, 2015
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	Note 11, Accumulated Other Comprehensive Income (loss): The following summarizes the changes in the balance and the reclassifications out of accumulated other comprehensive income (loss) on our Consolidated Balance Sheet to the Consolidated Statement of Comprehensive Income (amounts in thousands): Year Ended December 31, 2015 2014 2013 Beginning balance $ (2,168 ) $ (15,412 ) $ (23,378 ) Other comprehensive income (loss) Defined benefit pension plans: Net gain (loss) during year (230 ) (10,974 ) 10,943 Amortization of prior service cost (1) 432 210 210 Amortization of net loss (1) 169 244 1,695 Settlement loss recognized (2) — 20,810 — 371 10,290 12,848 Tax expense (benefit) 141 (2,954 ) 4,882 Total other comprehensive income 230 13,244 7,966 Ending balance $ (1,938 ) $ (2,168 ) $ (15,412 ) (1) These amounts are included in the computation of net periodic pension costs and were reclassified to selling, general and administrative costs. For 2015, this includes $222,000 in curtailment loss on the SERP. (2) This amount was reclassified and is part of the line item "pension settlement expense."

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS	12 Months Ended
	Dec. 31, 2015
STOCK-BASED COMPENSATION PLANS [Abstract]
STOCK-BASED COMPENSATION PLANS	Note 12, Stock-Based Compensation Plans: We have issued options and awards for Common Stock under three stock-based employee compensation plans, the 2014 Long Term Incentive Plan (the "2014 LTIP Plan"), the 2004 Long Term Incentive Plan (the "2004 LTIP Plan") and the 1998 Stock Option Plan (the "1998 Plan"). No new awards may be granted under the 1998 Plan and as of December 31, 2015 all previously granted awards have been exercised, forfeited, or expired. No new awards may be granted under the 2004 LTIP Plan. As of December 31, 2015, 1,083,834 shares were available for awards and options under the 2014 LTIP Plan. The following table summarizes our equity award activity during the years ended December 31, 2015, 2014 and 2013: Restricted Stock Award Stock-Settled Appreciation Rights Options Shares or Units Weighted-Average Award Price Rights Weighted-Average Award Price Shares Weighted-Average Exercise Price Outstanding at January 1, 2012 555,925 $ 12.28 121,749 $ 8.85 50,000 $ 20.56 Granted 162,150 18.15 112,000 18.14 — — Exercised or restrictions lapsed (1) (277,975 ) 12.24 (84,049 ) 8.90 (48,000 ) 20.75 Forfeited or expired (3,100 ) 15.00 — — (2,000 ) 15.90 Outstanding at December 31, 2013 437,000 14.46 149,700 15.78 — — Granted 146,748 28.72 — — Exercised or restrictions lapsed (1) (235,925 ) 14.01 (13,725 ) 12.30 Forfeited or expired (26,501 ) 24.28 (6,000 ) 18.14 Outstanding at December 31, 2014 321,322 $ 20.49 129,975 $ 16.04 — — Granted 176,135 23.97 — — Exercised or restrictions lapsed (1) (147,595 ) 18.94 (29,100 ) 8.74 Forfeited or expired (5,372 ) 24.84 — Outstanding at December 31, 2015 344,490 $ 22.87 100,875 $ 18.14 — — Exercisable at December 31, 2015 48,875 $ 18.14 Restricted units expected to vest 344,490 $ 22.87 Exercisable at December 31, 2014 51,975 $ 12.88 — — Exercisable at December 31, 2013 37,700 $ 8.76 — — (1) The total intrinsic value of options and stock-settled appreciation rights exercised was approximately $457,000, $184,000 and $1,312,000 in 2015, 2014 and 2013, respectively. The fair value for stock-settled appreciation rights are estimated at the date of grant using a Black‑Scholes pricing model. The aggregate intrinsic value of vested and outstanding stock-settled appreciation rights at December 31, 2015 was approximately $161,000 and $333,000, respectively. The total fair value of restricted common stock shares that vested in 2015, 2014 and 2013 was approximately $3,097,000, $5,985,000 and $6,308,000, respectively. The aggregate intrinsic value of outstanding restricted stock awards was $7,386,000 at December 31, 2015. Grants of restricted common stock, restricted units, performance units and stock-settled appreciation rights have been made to certain officers and key employees under the 2004 and the 2014 LTIP Plan. The restrictions on the restricted units generally lapse or vest annually, primarily over four year periods. The performance units are based on one-year performance periods but cliff vest in three years from grant date. The compensation for all awards is being charged to selling, general and administrative expense over the respective grants' vesting periods, primarily on a straight-line basis, and was approximately $4,033,000, $3,319,000 and $3,323,000 in 2015, 2014 and 2013, respectively. The tax benefit recognized related to all awards was approximately $1,533,000, $1,261,000 and $1,263,000 in 2015, 2014 and 2013, respectively. As of December 31, 2015, the total compensation cost related to unvested equity awards was approximately $4,509,000 and is expected to be recognized over a weighted-average period of 2.2 years.

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2015
EARNINGS PER SHARE [Abstract]
EARNINGS PER SHARE	Note 13, Earnings Per Share: The following is a reconciliation of the income (loss) and number of shares used in calculating the diluted earnings per share for Common Stock and Class A Common Stock (amounts in thousands except per share data): Numerator: 2015 2014 2013 Common: Distributed earnings $ 7,358 $ 27,077 $ 4,787 Undistributed earnings 17,995 (19,220 ) 23,972 Basic 25,353 7,857 28,759 Class A Common earnings 2,436 732 3,506 Diluted $ 27,789 $ 8,589 $ 32,265 Class A Common: Distributed earnings $ 702 $ 2,703 $ 566 Undistributed earnings 1,734 (1,971 ) 2,940 $ 2,436 $ 732 $ 3,506 Denominator: 2015 2014 2013 Common: Weighted average shares outstanding - basic 20,430 20,426 19,865 Assumed conversion of Class A Common Stock 2,067 2,199 2,558 Dilutive options, awards and common stock equivalents 301 315 392 Total weighted average diluted Common Stock 22,798 22,940 22,815 Class A Common: Weighted average shares outstanding 2,067 2,199 2,558 Basic net earnings per share Common Stock $ 1.24 $ 0.38 $ 1.45 Class A Common Stock $ 1.18 $ 0.33 $ 1.37 Diluted net earnings per share Common Stock $ 1.22 $ 0.37 $ 1.41 Class A Common Stock $ 1.17 $ 0.33 $ 1.35

COMMITMENTS

COMMITMENTS	12 Months Ended
	Dec. 31, 2015
COMMITMENTS [Abstract]
COMMITMENTS	Note 14, Commitments: We lease certain property and equipment under operating leases. Initial lease terms range from 5 years to 30 years and certain leases contain renewal options ranging from one to 25 years or provide for options to purchase the related property at fair market value or at predetermined purchase prices. The leases generally require us to pay all maintenance, property taxes and insurance costs. The following schedule outlines the future minimum lease payments and rentals under operating leases: (In thousands) Operating Leases 2016 $ 33,691 2017 29,575 2018 26,970 2019 21,670 2020 17,993 Subsequent to 2021 41,651 Total minimum lease payments $ 171,550 Step rent and other lease concessions (free rent periods) are taken into account in computing lease expense on a straight-line basis. Landlord allowances for capital improvements have not been significant, but are recorded as a reduction of expense over the term of the lease. Net rental expense applicable to operating leases consisted of the following for the years ended December 31: 2015 2014 2013 Property Minimum $ 27,211 $ 27,264 $ 27,370 Additional rentals based on sales 27 79 — Sublease income (206 ) (144 ) (146 ) 27,032 27,199 27,224 Equipment 2,943 2,568 2,444 $ 29,975 $ 29,767 $ 29,668

SUPPLEMENTAL CASH FLOW INFORMAT

SUPPLEMENTAL CASH FLOW INFORMATION	12 Months Ended
	Dec. 31, 2015
SUPPLEMENTAL CASH FLOW INFORMATION [Abstract]
SUPPLEMENTAL CASH FLOW INFORMATION	Note 15, Supplemental Cash Flow Information: (In thousands) 2015 2014 2013 Cash paid for income taxes $ 13,509 $ 11,420 $ 20,432 Income tax refunds received 5 191 3,003 Cash paid for interest 2,583 1,400 1,185 Noncash financing and investing activity: Fixed assets acquired (adjusted) related to capital lease and financing obligations 3,176 28,536 (2,600 ) Increase in financing obligations 6,594 32,999 (2,600 )

SELECTED QUARTERLY FINANCIAL DA

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)	12 Months Ended
	Dec. 31, 2015
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) [Abstract]
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)	Note 16, Selected Quarterly Financial Data (Unaudited): The following is a summary of the unaudited quarterly results of operations for the years ended December 31, 2015 and 2014 (in thousands, except per share data): 2015 Quarter Ended March 31 June 30 September 30 December 31 Net sales $ 191,331 $ 187,732 $ 209,921 $ 215,886 Gross profit 102,647 100,182 111,742 116,205 Credit service charges 72 69 71 73 Income before taxes 9,928 7,839 12,414 15,093 Net income 6,119 4,833 7,655 9,181 Basic net earnings per share: Common 0.27 0.21 0.34 0.42 Class A Common 0.26 0.20 0.32 0.40 Diluted net earnings per share: Common 0.27 0.21 0.34 0.41 Class A Common 0.25 0.20 0.32 0.39 2014 Quarter Ended March 31 June 30 September 30 December 31 Net sales $ 181,737 $ 175,132 $ 198,541 $ 212,999 Gross profit 97,862 94,144 106,203 114,156 Credit service charges 81 71 72 75 Income (loss) before taxes 9,956 7,812 12,468 (4,978 ) Net income 6,129 4,829 7,824 (10,192 ) Basic net earnings (loss) per share: Common 0.27 0.21 0.35 (0.45 ) Class A Common 0.26 0.20 0.33 (0.43 ) Diluted net earnings (loss) per share: Common 0.27 0.21 0.34 (0.45 ) Class A Common 0.26 0.20 0.33 (0.43 ) The fourth quarter of 2014 includes expense of $21.6 million, a $0.90 per share impact, for the settlement of the defined benefit pension plan. Because of rounding the amounts will not necessarily add to the totals computed for the year. Also because of rounding and the use of the two class method in calculating per share data, the quarterly per share data will not necessarily add to the annual totals.

SCHEDULE II - VALUATION AND QUA

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS	12 Months Ended
	Dec. 31, 2015
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS [Abstract]
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS	Schedule II – Valuation and Qualifying Accounts Haverty Furniture Companies, Inc. and subsidiaries: Column A Column B Column C Column D Column E (In thousands) Balance at beginning of period Additions charged to costs and expenses Deductions Describe (1)(2) Balance at end of period Year ended December 31, 2015: Allowance for doubtful accounts $ 350 269 224 395 Reserve for cancelled sales and allowances $ 1,627 11,466 11,434 1,659 Year ended December 31, 2014: Allowance for doubtful accounts $ 350 $ 257 $ 257 $ 350 Reserve for cancelled sales and allowances $ 1,277 $ 11,126 $ 10,776 $ 1,627 Year ended December 31, 2013: Allowance for doubtful accounts $ 395 $ 120 $ 165 $ 350 Reserve for cancelled sales and allowances $ 1,152 $ 10,402 $ 10,277 $ 1,277 (1) Allowance for doubtful accounts: uncollectible accounts written off, net of recoveries. (2) Reserve for cancelled sales and allowances: impact of sales cancelled after delivery plus amount of allowance given to customers.

DESCRIPTION OF BUSINESS AND S26

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2015
DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Business	Business: Haverty Furniture Companies, Inc. ("Havertys," "we," "our," or "us") is a retailer of a broad line of residential furniture in the middle to upper-middle price ranges. We have 121 showrooms in 16 states at December 31, 2015. All of our stores are operated using the Havertys name and we do not franchise our stores. We offer financing through an internal revolving charge credit plan as well as a third-party finance company.
Basis of Presentation	Basis of Presentation: The consolidated financial statements include the accounts of Havertys and its wholly-owned subsidiary. All significant intercompany accounts and transactions have been eliminated in consolidation. Certain reclassifications have been made to prior period financial statements to conform to the current year presentation.
Use of Estimates	Use of Estimates: The preparation of financial statements in conformity with United States of America generally accepted accounting principles ("GAAP") requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents: Cash and cash equivalents includes all liquid investments with a maturity date of less than three months when purchased. Cash equivalents also include amounts due from third-party financial institutions for credit and debit card transactions which typically settle within five days.
Investments	Investments: Investments consist of commercial paper and certificates of deposit. The commercial paper totaled approximately $9,975,000 at December 31, 2015 with maturities of more than three months but less than six months. Certificates of deposit had original maturities of greater than three months. The certificates of deposit with remaining maturities of less than one year was $2,750,000 and $7,250,000 at December 31, 2015 and 2014, respectively. Those with remaining maturities greater than one year was $2,750,000 at December 31, 2014 and are included in other assets. The fair values of the investments approximate their carrying amounts.
Restricted Cash and Cash Equivalents	Restricted Cash and Cash Equivalents: Our insurance carrier requires us to collateralize a portion of our workers' compensation obligations. These funds are investments in money market funds held by an agent. The agreement with our carrier governing these funds is on an annual basis expiring on December 31.
Inventories	Inventories: Inventories are stated at the lower of cost or market. Cost is determined using the last-in, first-out (LIFO) method.
Property and Equipment	Property and Equipment: Property and equipment are stated at cost less accumulated depreciation and amortization. Depreciation is provided over the estimated useful lives of the assets using the straight-line method. Leasehold improvements and buildings under lease are amortized over the shorter of the estimated useful life or the lease term of the related asset. Amortization of buildings under lease is included in depreciation expense. Estimated useful lives for financial reporting purposes are as follows: Buildings 25 – 33 years Improvements 5 – 15 years Furniture and Fixtures 3 – 15 years Equipment 3 – 15 years Buildings under lease 15 years
Customer Deposits	Customer Deposits: Customer deposits consist of cash collections on sales of undelivered merchandise, customer advance payments, and deposits on credit sales for undelivered merchandise.
Revenue Recognition	Revenue Recognition: We recognize revenue from merchandise sales and related service fees, net of sales taxes, upon delivery to the customer. A reserve for merchandise returns and customer allowances is estimated based on our historical returns and allowance experience and current sales levels. We typically offer our customers an opportunity for us to deliver their purchases and most choose this service. Delivery fees of approximately $27,650,000, $27,293,000 and $27,588,000 were charged to customers in 2015, 2014 and 2013, respectively, and are included in net sales. The costs associated with deliveries are included in selling, general and administrative expenses and were approximately $37,730,000, $36,395,000 and $32,736,000 in 2015, 2014 and 2013, respectively. Credit service charges are recognized as revenue as assessed to customers according to contract terms. The costs associated with credit approval, account servicing and collections are included in selling, general and administrative expenses.
Cost of Goods Sold	Cost of Goods Sold: Our cost of goods sold includes the direct costs of products sold, warehouse handling and transportation costs.
Selling, General and Administrative Expenses	Selling, General and Administrative Expenses: Our selling, general and administrative ("SG&A") expenses are comprised of advertising, selling, occupancy, delivery and administrative costs as well as certain warehouse expenses. The costs associated with our purchasing, warehousing, delivery and other distribution costs included in SG&A expense were approximately $73,803,000, $70,420,000 and $64,302,000 in 2015, 2014 and 2013, respectively.
Leases	Leases: In the case of certain leased stores, we may be extensively involved in the construction or major structural modifications of the leased properties. As a result of this involvement, we are deemed the "owner" for accounting purposes during the construction period, and are required to capitalize the total fair market value of the portion of the leased property, excluding land, we use on our consolidated balance sheet. Following construction completion, we perform an analysis under ASC 840, " Leases
Deferred Escalating Minimum Rent and Lease Incentives	Deferred Escalating Minimum Rent and Lease Incentives: Certain of our operating leases contain predetermined fixed escalations of the minimum rentals during the term of the lease. For these leases, we recognize the related rental expense on a straight-line basis over the life of the lease, beginning with the point at which we obtain control and possession of the leased properties, and record the difference between the amounts charged to operations and amounts paid as "Accrued liabilities." The liability for deferred escalating minimum rent approximated $9,980,000 and $10,850,000 at December 31, 2015 and 2014, respectively. Any operating lease incentives we receive are deferred and subsequently amortized on a straight-line basis over the life of the lease as a reduction of rent expense. The liability for lease incentives approximated $981,000 and $1,373,000 at December 31, 2015 and 2014, respectively.
Advertising Expense	Advertising Expense: Advertising costs, which include television, radio, newspaper and other media advertising, are expensed upon first showing. The total amount of prepaid advertising costs included in other current assets was approximately $1,086,000 and $718,000 at December 31, 2015 and 2014, respectively. We incurred approximately $45,784,000, $45,067,000 and $43,030,000 in advertising expense during 2015, 2014 and 2013, respectively.
Interest Expense, net	Interest Expense, net: Interest expense is comprised of amounts incurred related to our debt and lease obligations recorded on our balance sheet, net of interest income. The total amount of interest expense was approximately $2,615,000, $1,423,000 and $1,218,000 during 2015, 2014 and 2013, respectively.
Other Income, net	Other Income, net: Other income, net includes any gains or losses on sales of property and equipment and miscellaneous income or expense items outside of core operations. Other income, net for the year ended December 31, 2015 includes proceeds received of $800,000 for the settlement related to credit card litigation.
Self-Insurance	Self-Insurance: We are self-insured, for amounts up to a deductible per occurrence, for losses related to general liability, workers' compensation and vehicle claims. Beginning in 2012 we became primarily self-insured for employee group health care claims. We maintain an accrual for these costs based on claims filed and an estimate of claims incurred but not reported or paid, based on historical data and actuarial estimates. The current portion of these self-insurance reserves is included in accrued liabilities and the non-current portion is included in other liabilities. These reserves totaled $9,092,000 and $8,863,000 at December 31, 2015 and 2014, respectively.
Fair Values of Financial Instruments	Fair Values of Financial Instruments: The fair values of our cash and cash equivalents, restricted cash and cash equivalents, accounts receivable, accounts payable and customer deposits approximate their carrying amounts due to their short-term nature. The assets that are related to our self-directed, non-qualified deferred compensation plans for certain executives and employees are valued using quoted market prices, a Level 1 valuation technique. The assets totaled approximately $3,335,000 and $2,728,000 at December 31, 2015 and 2014, respectively, and are included in other assets. The related liability of the same amount is included in other liabilities.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets: We review long-lived assets for impairment when circumstances indicate the carrying amount of an asset may not be recoverable. If an indicator of impairment is identified, we evaluate the long-lived assets at the individual property or store level, which is the lowest level at which individual cash flows can be identified. When evaluating these assets for potential impairment, we first compare the carrying amount of the asset to the store's estimated future cash flows (undiscounted and without interest charges). If the estimated future cash flows are less than the carrying amount of the asset, an impairment loss calculation is prepared. The impairment loss calculation compares the carrying amount of the asset to the store's assets' estimated fair value, which is determined on the basis of fair value for similar assets or future cash flows (discounted and with interest charges). If required, an impairment loss is recorded in SG&A expense for the difference in the asset's carrying value and the asset's estimated fair value. No such losses were recorded in 2015, 2014 and 2013.
Earnings Per Share	Earnings Per Share: We report our earnings per share using the two class method. The income per share for each class of common stock is calculated assuming 100% of our earnings are distributed as dividends to each class of common stock based on their contractual rights. See Note 13 for the computational components of basic and diluted earnings per share.
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss): Accumulated other comprehensive income (loss) ("AOCI"), net of income taxes, was comprised of unrecognized pension and retirement liabilities totaling approximately $1,938,000 and $2,168,000 at December 31, 2015 and 2014, respectively. The amounts reclassified out of AOCI to SG&A related to our defined benefit pension plans.
Recently Issued and Adopted Accounting Pronouncement	Recently Issued and Adopted Accounting Pronouncement: Changes to GAAP are established by the Financial Accounting Standards Board (FASB) in the form of accounting standards updates (ASU's) to the FASB's Accounting Standards Codification (ASC). We considered the applicability and impact of all ASU's. ASU's not listed below were assessed and determined to be either not applicable or are expected to have minimal impact on our consolidated financial position or results of operations. Revenue Recognition. Deferred Taxes. Leases.
Segment Information	Segment Information We operate within a single reportable segment. The following table presents the net sales of each major product category and service for each of the last three years: Year Ended December 31, (In thousands) 2015 2014 2013 Net Sales % of Net Sales Net Sales % of Net Sales Net Sales % of Net Sales Merchandise: Case Goods Bedroom Furniture $ 135,855 16.9 % $ 130,277 17.0 % $ 136,101 18.3 % Dining Room Furniture 92,966 11.6 85,671 11.1 83,164 11.1 Occasional 79,219 9.8 81,326 10.6 82,288 11.0 308,040 38.3 297,274 38.7 301,553 40.4 Upholstery 321,484 39.9 307,041 39.9 289,837 38.9 Mattresses 84,897 10.6 83,706 10.9 80,588 10.8 Accessories and Other (1) 90,449 11.2 80,388 10.5 74,112 9.9 $ 804,870 100.0 % $ 768,409 100.0 % $ 746,090 100.0 % (1) Includes delivery charges and product protection.

DESCRIPTION OF BUSINESS AND S27

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2015
DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Estimated Useful Lives of Property and Equipment	Estimated useful lives for financial reporting purposes are as follows: Buildings 25 – 33 years Improvements 5 – 15 years Furniture and Fixtures 3 – 15 years Equipment 3 – 15 years Buildings under lease 15 years
Schedule of Segment Reporting Major Product Category and Service	The following table presents the net sales of each major product category and service for each of the last three years: Year Ended December 31, (In thousands) 2015 2014 2013 Net Sales % of Net Sales Net Sales % of Net Sales Net Sales % of Net Sales Merchandise: Case Goods Bedroom Furniture $ 135,855 16.9 % $ 130,277 17.0 % $ 136,101 18.3 % Dining Room Furniture 92,966 11.6 85,671 11.1 83,164 11.1 Occasional 79,219 9.8 81,326 10.6 82,288 11.0 308,040 38.3 297,274 38.7 301,553 40.4 Upholstery 321,484 39.9 307,041 39.9 289,837 38.9 Mattresses 84,897 10.6 83,706 10.9 80,588 10.8 Accessories and Other (1) 90,449 11.2 80,388 10.5 74,112 9.9 $ 804,870 100.0 % $ 768,409 100.0 % $ 746,090 100.0 % (1) Includes delivery charges and product protection.

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2015
PROPERTY AND EQUIPMENT [Abstract]
Schedule of Property and Equipment	Property and equipment are summarized as follows: (In thousands) 2015 2014 Land and improvements $ 48,264 $ 48,410 Buildings and improvements 258,668 245,188 Furniture and fixtures 106,797 96,715 Equipment 45,450 43,236 Buildings under lease 51,994 36,756 Construction in progress 917 16,146 512,090 486,451 Less accumulated depreciation (271,372 ) (253,009 ) Less accumulated lease amortization (11,435 ) (8,280 ) Property and equipment, net $ 229,283 $ 225,162

ACCRUED LIABILITIES AND OTHER29

ACCRUED LIABILITIES AND OTHER LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2015
ACCRUED LIABILITIES AND OTHER LIABILITIES [Abstract]
Schedule of Accrued Liabilities and Other Liabilities	Accrued liabilities and other liabilities consist of the following: (In thousands) 2015 2014 Accrued liabilities: Employee compensation, related taxes and benefits $ 13,399 $ 15,145 Taxes other than income and withholding 7,968 9,322 Self-insurance reserves 5,919 5,942 Other 14,774 9,551 $ 42,060 $ 39,960 Other liabilities: Straight-line lease liability $ 9,980 $ 10,850 Self-insurance reserves 3,173 2,921 Other 12,323 12,580 $ 25,476 $ 26,351

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2015
INCOME TAXES [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	Income tax expense (benefit) consists of the following: (In thousands) 2015 2014 2013 Current Federal $ 17,598 $ 10,257 $ 18,253 State 2,907 1,611 2,621 20,505 11,868 20,874 Deferred Federal (2,476 ) 4,323 (706 ) State (543 ) 477 54 (3,019 ) 4,800 (652 ) $ 17,486 $ 16,668 $ 20,222
Schedule of Effective Income Tax Rate Reconciliation	The differences between income tax expense in the accompanying Consolidated Financial Statements and the amount computed by applying the statutory Federal income tax rate are as follows: (In thousands) 2015 2014 2013 Statutory rates applied to income before income taxes $ 15,846 $ 8,840 $ 18,370 State income taxes, net of Federal tax benefit 1,487 788 1,610 Net permanent differences (11 ) 42 316 Release of debit balance in accumulated other comprehensive income related to settled pension obligations — 6,866 — Change in deferred tax asset valuation allowance — — (1,363 ) Change in state credits — 110 1,466 Other 164 22 (177 ) $ 17,486 $ 16,668 $ 20,222
Schedule of Deferred Tax Assets and Liabilities	The amounts in the following table are grouped based on broad categories of items that generate the deferred tax assets and liabilities. (In thousands) 2015 2014 Deferred tax assets: Accounts receivable $ 772 $ 743 Property and equipment 9,250 5,787 Leases 5,880 5,055 Accrued liabilities 10,916 9,523 Retirement benefits 579 720 Other 31 31 Total deferred tax assets 27,428 21,859 Deferred tax liabilities: Inventory 9,285 9,198 Other 898 740 Total deferred tax liabilities 10,183 9,938 Net deferred tax assets $ 17,245 $ 11,921 These groupings are detailed in the following table: (In thousands) 2015 2014 Current assets (liabilities): Current deferred assets $ — $ 5,801 Current deferred liabilities — (11,490 ) — (5,689 ) Non-current assets (liabilities): Non-current deferred assets 27,428 38,978 Non-current deferred liabilities (10,183 ) (21,368 ) 17,245 17,610 Net deferred tax assets $ 17,245 $ 11,921

LONG-TERM DEBT AND LEASE OBLI31

LONG-TERM DEBT AND LEASE OBLIGATIONS (Tables)	12 Months Ended
	Dec. 31, 2015
LONG-TERM DEBT AND LEASE OBLIGATIONS [Abstract]
Schedule of Long-Term Debt and Lease Obligations	(In thousands) 2015 2014 Revolving credit notes (a) $ — $ — Lease obligations (b) 53,125 49,065 53,125 49,065 Less portion classified as current (3,051 ) (2,387 ) $ 50,074 $ 46,678 (a) We have a revolving credit agreement as described in Note 5. (b) These obligations are related to properties under lease with aggregate net book values of approximately $40,559,000 and $40,538,000 at December 31, 2015 and 2014, respectively.

BENEFIT PLANS (Tables)

BENEFIT PLANS (Tables)	12 Months Ended
	Dec. 31, 2015
BENEFIT PLANS [Abstract]
Schedule of Information about our Pension Plan and SERP	The following table summarizes information about our Pension Plan and SERP. Pension Plan SERP (In thousands) 2015 2014 2015 2014 Change in benefit obligation: Benefit obligation at beginning of the year N/ A $ 73,456 $ 7,270 $ 5,974 Service cost — 129 117 Interest cost 3,232 314 289 Plan settlements (83,453 ) — — Plan curtailments — (87 ) — Special termination benefits 813 — — Actuarial losses (gains) 10,700 317 1,095 Benefits paid (3,935 ) (224 ) (205 ) Benefit obligation at end of year 813 7,719 7,270 Change in plan assets: Fair value of plan assets at beginning of year 82,904 — — Employer contribution — 224 205 Actual return on plan assets 5,297 — — Plan settlements (83,453 ) — — Benefits paid (3,935 ) (224 ) (205 ) Fair value of plan assets at end of year 813 — — Funded status of the plan – (underfunded) $ — $ (7,719 ) $ (7,270 ) Accumulated benefit obligations $ — $ 7,719 $ 7,270
Schedule of Amounts Recognized in Consolidated Balance Sheets	Amounts recognized in the consolidated balance sheets consist of: SERP (In thousands) 2015 2014 Noncurrent assets $ — $ — Current liabilities (287 ) (228 ) Noncurrent liabilities (7,432 ) (7,042 ) $ (7,719 ) $ (7,270 )
Schedule of Amounts Recognized in Accumulated Other Comprehensive Income (Loss)	Amounts recognized in accumulated other comprehensive income (loss) before the effect of income taxes consist of: SERP (In thousands) 2015 2014 Prior service cost $ — $ (432 ) Net actuarial loss (1,724 ) (1,663 ) $ (1,724 ) $ (2,095 )
Schedule of Net Pension Costs	Net pension cost included the following components: Pension Plan SERP (In thousands) 2015 2014 2013 2015 2014 2013 Service cost-benefits earned during the period N/ A $ — $ — $ 129 $ 117 $ 134 Interest cost on projected benefit obligation 3,232 3,278 314 289 259 Expected return on plan assets (4,475 ) (4,948 ) — — — Amortization of prior service cost — — 210 210 210 Amortization of actuarial loss 244 1,627 169 — 68 Settlement loss recognized 20,810 — — — — Curtailment loss recognized — — 222 — — Special termination benefit recognized 813 — — — — Net pension costs $ 20,624 $ (43 ) $ 1,044 $ 616 $ 671
Schedule of Assumptions Used	Assumptions used to determine net periodic benefit cost for years ended December 31 are as follows: Pension Plan SERP 2014 2013 2015 2014 2013 Discount rate 4.93 % 4.13 % 4.09 % 4.96 % 4.08 % Expected long-term return on plan assets 6.00 % 6.65 % n/ a n/ a n/ a Rate of compensation increase n/ a n/ a 3.50 % 3.50 % 3.50 % Assumptions used to determine benefit obligations at December 31 are as follows: SERP 2015 2014 Discount rate 4.58 % 4.09 % Rate of compensation increase 3.50 % 3.50 %
Schedule of Expected Future Benefit Payments	These expected benefits were estimated based on the same actuarial assumptions used to determine benefit obligations at December 31, 2015. (In thousands) SERP 2016 $ 287 2017 367 2018 371 2019 384 2020 412 2021-2025 2,262

ACCUMULATED OTHER COMPREHENSI33

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	12 Months Ended
	Dec. 31, 2015
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following summarizes the changes in the balance and the reclassifications out of accumulated other comprehensive income (loss) on our Consolidated Balance Sheet to the Consolidated Statement of Comprehensive Income (amounts in thousands): Year Ended December 31, 2015 2014 2013 Beginning balance $ (2,168 ) $ (15,412 ) $ (23,378 ) Other comprehensive income (loss) Defined benefit pension plans: Net gain (loss) during year (230 ) (10,974 ) 10,943 Amortization of prior service cost (1) 432 210 210 Amortization of net loss (1) 169 244 1,695 Settlement loss recognized (2) — 20,810 — 371 10,290 12,848 Tax expense (benefit) 141 (2,954 ) 4,882 Total other comprehensive income 230 13,244 7,966 Ending balance $ (1,938 ) $ (2,168 ) $ (15,412 ) (1) These amounts are included in the computation of net periodic pension costs and were reclassified to selling, general and administrative costs. For 2015, this includes $222,000 in curtailment loss on the SERP. (2) This amount was reclassified and is part of the line item "pension settlement expense."

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS (Tables)	12 Months Ended
	Dec. 31, 2015
STOCK-BASED COMPENSATION PLANS [Abstract]
Share Option and Award Activity	The following table summarizes our equity award activity during the years ended December 31, 2015, 2014 and 2013: Restricted Stock Award Stock-Settled Appreciation Rights Options Shares or Units Weighted-Average Award Price Rights Weighted-Average Award Price Shares Weighted-Average Exercise Price Outstanding at January 1, 2012 555,925 $ 12.28 121,749 $ 8.85 50,000 $ 20.56 Granted 162,150 18.15 112,000 18.14 — — Exercised or restrictions lapsed (1) (277,975 ) 12.24 (84,049 ) 8.90 (48,000 ) 20.75 Forfeited or expired (3,100 ) 15.00 — — (2,000 ) 15.90 Outstanding at December 31, 2013 437,000 14.46 149,700 15.78 — — Granted 146,748 28.72 — — Exercised or restrictions lapsed (1) (235,925 ) 14.01 (13,725 ) 12.30 Forfeited or expired (26,501 ) 24.28 (6,000 ) 18.14 Outstanding at December 31, 2014 321,322 $ 20.49 129,975 $ 16.04 — — Granted 176,135 23.97 — — Exercised or restrictions lapsed (1) (147,595 ) 18.94 (29,100 ) 8.74 Forfeited or expired (5,372 ) 24.84 — Outstanding at December 31, 2015 344,490 $ 22.87 100,875 $ 18.14 — — Exercisable at December 31, 2015 48,875 $ 18.14 Restricted units expected to vest 344,490 $ 22.87 Exercisable at December 31, 2014 51,975 $ 12.88 — — Exercisable at December 31, 2013 37,700 $ 8.76 — — (1) The total intrinsic value of options and stock-settled appreciation rights exercised was approximately $457,000, $184,000 and $1,312,000 in 2015, 2014 and 2013, respectively.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2015
EARNINGS PER SHARE [Abstract]
Reconciliation of Earnings (Loss) and Number of Shares Used in Calculating Diluted Earnings (Loss) Per Share	The following is a reconciliation of the income (loss) and number of shares used in calculating the diluted earnings per share for Common Stock and Class A Common Stock (amounts in thousands except per share data): Numerator: 2015 2014 2013 Common: Distributed earnings $ 7,358 $ 27,077 $ 4,787 Undistributed earnings 17,995 (19,220 ) 23,972 Basic 25,353 7,857 28,759 Class A Common earnings 2,436 732 3,506 Diluted $ 27,789 $ 8,589 $ 32,265 Class A Common: Distributed earnings $ 702 $ 2,703 $ 566 Undistributed earnings 1,734 (1,971 ) 2,940 $ 2,436 $ 732 $ 3,506 Denominator: 2015 2014 2013 Common: Weighted average shares outstanding - basic 20,430 20,426 19,865 Assumed conversion of Class A Common Stock 2,067 2,199 2,558 Dilutive options, awards and common stock equivalents 301 315 392 Total weighted average diluted Common Stock 22,798 22,940 22,815 Class A Common: Weighted average shares outstanding 2,067 2,199 2,558 Basic net earnings per share Common Stock $ 1.24 $ 0.38 $ 1.45 Class A Common Stock $ 1.18 $ 0.33 $ 1.37 Diluted net earnings per share Common Stock $ 1.22 $ 0.37 $ 1.41 Class A Common Stock $ 1.17 $ 0.33 $ 1.35

COMMITMENTS (Tables)

COMMITMENTS (Tables)	12 Months Ended
	Dec. 31, 2015
COMMITMENTS [Abstract]
Future Minimum Lease Payments and Rentals under Operating Leases	The following schedule outlines the future minimum lease payments and rentals under operating leases: (In thousands) Operating Leases 2016 $ 33,691 2017 29,575 2018 26,970 2019 21,670 2020 17,993 Subsequent to 2021 41,651 Total minimum lease payments $ 171,550
Net Rental Expense Applicable to Operating Leases	Net rental expense applicable to operating leases consisted of the following for the years ended December 31: 2015 2014 2013 Property Minimum $ 27,211 $ 27,264 $ 27,370 Additional rentals based on sales 27 79 — Sublease income (206 ) (144 ) (146 ) 27,032 27,199 27,224 Equipment 2,943 2,568 2,444 $ 29,975 $ 29,767 $ 29,668

SUPPLEMENTAL CASH FLOW INFORM37

SUPPLEMENTAL CASH FLOW INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2015
SUPPLEMENTAL CASH FLOW INFORMATION [Abstract]
Supplemental Cash Flow Information	(In thousands) 2015 2014 2013 Cash paid for income taxes $ 13,509 $ 11,420 $ 20,432 Income tax refunds received 5 191 3,003 Cash paid for interest 2,583 1,400 1,185 Noncash financing and investing activity: Fixed assets acquired (adjusted) related to capital lease and financing obligations 3,176 28,536 (2,600 ) Increase in financing obligations 6,594 32,999 (2,600 )

SELECTED QUARTERLY FINANCIAL 38

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2015
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) [Abstract]
Selected Quarterly Financial Data	The following is a summary of the unaudited quarterly results of operations for the years ended December 31, 2015 and 2014 (in thousands, except per share data): 2015 Quarter Ended March 31 June 30 September 30 December 31 Net sales $ 191,331 $ 187,732 $ 209,921 $ 215,886 Gross profit 102,647 100,182 111,742 116,205 Credit service charges 72 69 71 73 Income before taxes 9,928 7,839 12,414 15,093 Net income 6,119 4,833 7,655 9,181 Basic net earnings per share: Common 0.27 0.21 0.34 0.42 Class A Common 0.26 0.20 0.32 0.40 Diluted net earnings per share: Common 0.27 0.21 0.34 0.41 Class A Common 0.25 0.20 0.32 0.39 2014 Quarter Ended March 31 June 30 September 30 December 31 Net sales $ 181,737 $ 175,132 $ 198,541 $ 212,999 Gross profit 97,862 94,144 106,203 114,156 Credit service charges 81 71 72 75 Income (loss) before taxes 9,956 7,812 12,468 (4,978 ) Net income 6,129 4,829 7,824 (10,192 ) Basic net earnings (loss) per share: Common 0.27 0.21 0.35 (0.45 ) Class A Common 0.26 0.20 0.33 (0.43 ) Diluted net earnings (loss) per share: Common 0.27 0.21 0.34 (0.45 ) Class A Common 0.26 0.20 0.33 (0.43 )

DESCRIPTION OF BUSINESS AND S39

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)		3 Months Ended								12 Months Ended
		Dec. 31, 2015USD ($)ShowroomState	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Sep. 30, 2014USD ($)	Jun. 30, 2014USD ($)	Mar. 31, 2014USD ($)	Dec. 31, 2015USD ($)ShowroomState		Dec. 31, 2014USD ($)		Dec. 31, 2013USD ($)
DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Number of showrooms | Showroom		121								121
Number of states | State		16								16
Cash and Cash Equivalents [Abstract]
Period of settlement for amounts due from third-party financial institutions for credit and debit card transactions										5 days
Investments [Abstract]
Commercial paper		$ 9,975,000								$ 9,975,000
Certificates of deposit with remaining maturities less than one year		2,750,000				$ 7,250,000				2,750,000		$ 7,250,000
Certificates of deposit with remaining maturities greater than one year						2,750,000						2,750,000
Revenue Recognition [Abstract]
Delivery fees										27,650,000		27,293,000		$ 27,588,000
Deliveries expense										37,730,000		36,395,000		32,736,000
Selling, General and Administrative Expenses [Abstract]
Purchasing, warehousing, delivery and other distribution costs										73,803,000		70,420,000		64,302,000
Deferred Escalating Minimum Rent and Lease Incentives [Abstract]
Liability for deferred escalating minimum rent		9,980,000				10,850,000				9,980,000		10,850,000
Lease incentives		981,000				1,373,000				981,000		1,373,000
Advertising Expense [Abstract]
Prepaid advertising cost		1,086,000				718,000				1,086,000		718,000
Advertising expense										45,784,000		45,067,000		43,030,000
Interest Expense, net [Abstract]
Interest expense										2,615,000		1,423,000		1,218,000
Other Income, net [Abstract]
Settlement related to credit card litigation										800,000
Self-Insurance [Abstract]
Self-insurance reserves		9,092,000				8,863,000				9,092,000		8,863,000
Fair Values of Financial Instruments [Abstract]
Other assets fair value		$ 3,335,000				$ 2,728,000				$ 3,335,000		$ 2,728,000
Earnings Per Share [Abstract]
Percentage of earnings or losses assumed in calculation		100.00%				100.00%				100.00%		100.00%
Accumulated Other Comprehensive Income (Loss) [Abstract]
Unrecognized pension liability		$ 1,938,000				$ 2,168,000				$ 1,938,000		$ 2,168,000
Net Sales of Each Major Product Category and Service [Abstract]
Net sales		$ 215,886,000	$ 209,921,000	$ 187,732,000	$ 191,331,000	$ 212,999,000	$ 198,541,000	$ 175,132,000	$ 181,737,000	$ 804,870,000	[1]	$ 768,409,000	[1]	$ 746,090,000	[1]
Percentage of net sales	[1]									100.00%		100.00%		100.00%
Building [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life of property and equipment										25 years
Building [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life of property and equipment										33 years
Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life of property and equipment										5 years
Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life of property and equipment										15 years
Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life of property and equipment										3 years
Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life of property and equipment										15 years
Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life of property and equipment										3 years
Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life of property and equipment										15 years
Buildings Under Lease [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life of property and equipment										15 years
Reportable Segment [Member] | Case Goods [Member]
Net Sales of Each Major Product Category and Service [Abstract]
Net sales	[1]									$ 308,040,000		$ 297,274,000		$ 301,553,000
Percentage of net sales	[1]									38.30%		38.70%		40.40%
Reportable Segment [Member] | Case Goods [Member] | Bedroom Furniture [Member]
Net Sales of Each Major Product Category and Service [Abstract]
Net sales										$ 135,855,000		$ 130,277,000		$ 136,101,000
Percentage of net sales										16.90%		17.00%		18.30%
Reportable Segment [Member] | Case Goods [Member] | Dining Room Furniture [Member]
Net Sales of Each Major Product Category and Service [Abstract]
Net sales										$ 92,966,000		$ 85,671,000		$ 83,164,000
Percentage of net sales										11.60%		11.10%		11.10%
Reportable Segment [Member] | Case Goods [Member] | Occasional [Member]
Net Sales of Each Major Product Category and Service [Abstract]
Net sales										$ 79,219,000		$ 81,326,000		$ 82,288,000
Percentage of net sales										9.80%		10.60%		11.00%
Reportable Segment [Member] | Upholstery [Member]
Net Sales of Each Major Product Category and Service [Abstract]
Net sales										$ 321,484,000		$ 307,041,000		$ 289,837,000
Percentage of net sales										39.90%		39.90%		38.90%
Reportable Segment [Member] | Mattresses [Member]
Net Sales of Each Major Product Category and Service [Abstract]
Net sales										$ 84,897,000		$ 83,706,000		$ 80,588,000
Percentage of net sales										10.60%		10.90%		10.80%
Reportable Segment [Member] | Accessories and Other [Member]
Net Sales of Each Major Product Category and Service [Abstract]
Net sales	[1]									$ 90,449,000		$ 80,388,000		$ 74,112,000
Percentage of net sales	[1]									11.20%		10.50%		9.90%
[1]	Includes delivery charges and product protection.

ACCOUNTS RECEIVABLE (Details)

ACCOUNTS RECEIVABLE (Details)	12 Months Ended
	Dec. 31, 2015USD ($)State	Dec. 31, 2014USD ($)	Dec. 31, 2013
ACCOUNTS RECEIVABLE [Abstract]
Percentage of amounts financed under in-house credit programs, as a percent of net sales including sales tax	1.40%	1.70%	2.20%
Duration of no interest credit programs	12 months
Term of other programs, minimum	30 days
Term of other programs, maximum	3 years
Interest rate of other programs, minimum	0.00%
Interest rate of other programs, maximum	21.00%
Accounts receivable due per scheduled payment [Abstract]
Accounts receivables collectible in one year	$ 6,243,000
Accounts receivables collectible in two years	606,000
Accounts receivables collectible in three years	125,000
Accounts receivables collectible in four years	24,000
Allowance for doubtful accounts	$ 395,000	$ 350,000
Account write-off period	9 months
Number of states in which accounts receivable originated | State	16

INVENTORIES (Details)

INVENTORIES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
INVENTORIES [Abstract]
Excess of current costs over carrying value of inventories	$ 19,394,000	$ 18,956,000
Positive (negative) effect of LIFO valuation method as compared to the FIFO method	$ (438,000)	$ (219,000)	$ 259,000

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 512,090	$ 486,451
Less accumulated depreciation	(271,372)	(253,009)
Less accumulated lease amortization	(11,435)	(8,280)
Property and equipment, net	229,283	225,162
Land and Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	48,264	48,410
Buildings and Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	258,668	245,188
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	106,797	96,715
Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	45,450	43,236
Buildings Under Lease [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	51,994	36,756
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 917	$ 16,146

CREDIT ARRANGEMENT (Details)

CREDIT ARRANGEMENT (Details) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Sep. 30, 2011	Dec. 31, 2015	Dec. 31, 2010	Dec. 31, 2011
Credit Agreement [Member]
Line of Credit Facility [Line Items]
Current borrowing capacity	$ 50
Original borrowing capacity			$ 60
Maturity date	Sep. 1, 2016		Dec. 22, 2011
Sale leaseback transactions or real estate sales as covenant		$ 100
Current borrowing base		57.7
Outstanding letters of credit		0
Reduction in borrowing base due to deficit in fixed charges coverage ratio test		$ 6.2
Number of trailing months to compute fixed charges coverage ratio		12 months
Net availability		$ 43.8
Letter of Credit [Member]
Line of Credit Facility [Line Items]
Current borrowing capacity				$ 20
Outstanding letters of credit		$ 0

ACCRUED LIABILITIES AND OTHER44

ACCRUED LIABILITIES AND OTHER LIABILITIES (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Accrued liabilities [Abstract]
Employee compensation, related taxes and benefits	$ 13,399,000	$ 15,145,000
Taxes other than income and withholding	7,968,000	9,322,000
Self-insurance reserves	5,919,000	5,942,000
Other	14,774,000	9,551,000
Accrued liabilities	42,060,000	39,960,000
Other liabilities [Abstract]
Straight-line lease liability	9,980,000	10,850,000
Self-insurance reserves	3,173,000	2,921,000
Other	12,323,000	12,580,000
Other liabilities	$ 25,476,000	$ 26,351,000

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Current [Abstract]
Federal	$ 17,598,000	$ 10,257,000	$ 18,253,000
State	2,907,000	1,611,000	2,621,000
Current income tax expense (benefit)	20,505,000	11,868,000	20,874,000
Deferred [Abstract]
Federal	(2,476,000)	4,323,000	(706,000)
State	(543,000)	477,000	54,000
Deferred income tax expense (benefit)	(3,019,000)	4,800,000	(652,000)
Income tax expense (benefit)	17,486,000	16,668,000	20,222,000
Effective income tax rate reconciliation [Abstract]
Statutory rates applied to income before income taxes	15,846,000	8,840,000	18,370,000
State income taxes, net of Federal tax benefit	1,487,000	788,000	1,610,000
Net permanent differences	(11,000)	42,000	316,000
Release of debit balance in accumulated other comprehensive income related to settled pension obligations	0	6,866,000	0
Change in deferred tax asset valuation allowance	0	0	(1,363,000)
Change in state credits	0	110,000	1,466,000
Other	164,000	22,000	(177,000)
Income tax expense (benefit)	17,486,000	16,668,000	$ 20,222,000
Deferred tax assets [Abstract]
Accounts receivable	772,000	743,000
Property and equipment	9,250,000	5,787,000
Leases	5,880,000	5,055,000
Accrued liabilities	10,916,000	9,523,000
Retirement benefits	579,000	720,000
Other	31,000	31,000
Total deferred tax assets	27,428,000	21,859,000
Deferred tax liabilities [Abstract]
Inventory	9,285,000	9,198,000
Other	898,000	740,000
Total deferred tax liabilities	10,183,000	9,938,000
Net deferred tax assets	17,245,000	11,921,000
Current assets (liabilities) [Abstract]
Current deferred assets	0	5,801,000
Current deferred liabilities	0	(11,490,000)
Deferred tax assets (liabilities), current	0	(5,689,000)
Non-current assets (liabilities) [Abstract]
Non-current deferred assets	27,428,000	38,978,000
Non-current deferred liabilities	(10,183,000)	(21,368,000)
Deferred tax assets (liabilities) non current	17,245,000	17,610,000
Net deferred tax assets	17,245,000	$ 11,921,000
Tax benefit in net income charged to AOCI	$ 6,866,000

LONG-TERM DEBT AND LEASE OBLI46

LONG-TERM DEBT AND LEASE OBLIGATIONS (Details) - USD ($)		Dec. 31, 2015	Dec. 31, 2014
Long term debt and lease obligations [Abstract]
Long term debt and capital lease obligations		$ 53,125,000	$ 49,065,000
Less portion classified as current		(3,051,000)	(2,387,000)
Long term debt and capital lease obligations non current		50,074,000	46,678,000
Net book value of capitalized leased retail stores		40,559,000	40,538,000
Aggregate maturities of lease obligations [Abstract]
2,016		3,051,000
2,017		3,250,000
2,018		3,466,000
2,019		3,685,000
2,020		3,878,000
Thereafter		35,795,000
Imputed Interest		17,611,000
Revolving Credit Notes [Member]
Long term debt and lease obligations [Abstract]
Long term debt and capital lease obligations	[1]	0	0
Lease Obligations [Member]
Long term debt and lease obligations [Abstract]
Long term debt and capital lease obligations	[2]	$ 53,125,000	$ 49,065,000
[1]	We have a revolving credit agreement as described in Note 5.
[2]	These obligations are related to properties under lease with aggregate net book values of approximately $40,559,000 and $40,538,000 at December 31, 2015 and 2014, respectively.

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details)	3 Months Ended	12 Months Ended
	Dec. 31, 2014$ / shares	Dec. 31, 2015USD ($)Vote	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Common Stock [Member]
Class of Stock [Line Items]
Common stock dividend paid in cash (in dollars per share) | $ / shares	$ 1
Aggregate dividends paid on common Stock | $		$ 7,358,000	$ 27,077,000	$ 4,787,000
Class A Common Stock [Member]
Class of Stock [Line Items]
Preferential dividend rate of common stock of dividends paid on Class A common stock		105.00%
Percentage of number of directors elected under Class A common stock voting right		75.00%
Number of votes per share | Vote		10
Conversion basis		1-for-1 basis
Common stock dividend paid in cash (in dollars per share) | $ / shares	$ 0.95
Aggregate dividends paid on common Stock | $		$ 702,000	$ 2,703,000	$ 566,000

BENEFIT PLANS (Details)

BENEFIT PLANS (Details) - USD ($)		3 Months Ended	12 Months Ended
		Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]
Pension settlement charges		$ 21,623,000	$ 0	$ 21,623,000	$ 0
Net pension cost [Abstract]
Amortization of prior service cost	[1]		432,000	210,000	210,000
Amortization of actuarial loss	[1]		169,000	244,000	1,695,000
Curtailment loss recognized			$ (222,000)
Expected future benefit payments [Abstract]
Employer contribution matching, first 1% of employee contribution			100.00%
Employer contribution percent of employee contribution, 100% matching			1.00%
Employer contribution matching, next 5% of employee contribution			50.00%
Employer contribution percent of employee contribution, 50% matching			5.00%
Expense incurred as matching contribution			$ 3,661,000	3,449,000	3,104,000
Pension Plan [Member]
Change in benefit obligation [Roll Forward]
Benefit obligation at beginning of the year			813,000	73,456,000
Service cost				0	0
Interest cost				3,232,000	3,278,000
Plan settlements				(83,453,000)
Plan curtailments				0
Special termination benefits				813,000	0
Actuarial losses (gains)				10,700,000
Benefits paid				(3,935,000)
Benefit obligation at end of year		813,000		813,000	73,456,000
Change in plan assets [Roll Forward]
Fair value of plan assets at beginning of year			$ 813,000	82,904,000
Employer contribution				0
Actual return on plan assets				5,297,000
Plan settlements				(83,453,000)
Benefits paid				(3,935,000)
Fair value of plan assets at end of year		813,000		813,000	82,904,000
Funded status of the plan - (underfunded)		0		0
Accumulated benefit obligations		0		0
Net pension cost [Abstract]
Service cost-benefits earned during the period				0	0
Interest cost on projected benefit obligation				3,232,000	3,278,000
Expected return on plan assets				(4,475,000)	(4,948,000)
Amortization of prior service cost				0	0
Amortization of actuarial loss				244,000	1,627,000
Settlement loss recognized				20,810,000	0
Curtailment loss recognized				0	0
Special termination benefit recognized				813,000	0
Net pension costs				$ 20,624,000	$ (43,000)
Weighted-average assumptions used to determine net periodic benefit cost [Abstract]
Discount rate				4.93%	4.13%
Expected long-term return on plan assets				6.00%	6.65%
SERP [Member]
Defined Benefit Plan Disclosure [Line Items]
Percentage of final average earnings as annual benefits			55.00%
Maximum amount of annual retirement benefits			$ 125,000
Change in benefit obligation [Roll Forward]
Benefit obligation at beginning of the year			7,270,000	$ 5,974,000
Service cost			129,000	117,000	$ 134,000
Interest cost			314,000	289,000	259,000
Plan settlements			0	0
Plan curtailments			(87,000)	0
Special termination benefits			0	0	0
Actuarial losses (gains)			317,000	1,095,000
Benefits paid			(224,000)	(205,000)
Benefit obligation at end of year		7,270,000	7,719,000	7,270,000	5,974,000
Change in plan assets [Roll Forward]
Fair value of plan assets at beginning of year			0	0
Employer contribution			224,000	205,000
Actual return on plan assets			0	0
Plan settlements			0	0
Benefits paid			(224,000)	(205,000)
Fair value of plan assets at end of year		0	0	0	0
Funded status of the plan - (underfunded)		(7,270,000)	(7,719,000)	(7,270,000)
Accumulated benefit obligations		7,270,000	7,719,000	7,270,000
Amounts recognized in balance sheets [Abstract]
Noncurrent assets		0	0	0
Current liabilities		(228,000)	(287,000)	(228,000)
Noncurrent liabilities		(7,042,000)	(7,432,000)	(7,042,000)
Total amount recognized in balance sheet		$ (7,270,000)	(7,719,000)	(7,270,000)
Amounts recognized in accumulated other comprehensive income (loss) [Abstract]
Prior service cost			0	(432,000)
Net actuarial loss			(1,724,000)	(1,663,000)
Total accumulated other comprehensive income (loss) before the effect of income taxes			(1,724,000)	(2,095,000)
Net pension cost [Abstract]
Service cost-benefits earned during the period			129,000	117,000	134,000
Interest cost on projected benefit obligation			314,000	289,000	259,000
Expected return on plan assets			0	0	0
Amortization of prior service cost			210,000	210,000	210,000
Amortization of actuarial loss			169,000	0	68,000
Settlement loss recognized			0	0	0
Curtailment loss recognized			222,000	0	0
Special termination benefit recognized			0	0	0
Net pension costs			1,044,000	$ 616,000	$ 671,000
Estimated amount that will be amortized from accumulated other comprehensive loss into net periodic cost			$ 120,000
Weighted-average assumptions used to determine net periodic benefit cost [Abstract]
Discount rate			4.09%	4.96%	4.08%
Rate of compensation increase			3.50%	3.50%	3.50%
Weighted-average assumptions used to determine benefit obligations [Abstract]
Discount rate		4.09%	4.58%	4.09%
Rate of compensation increase		3.50%	3.50%	3.50%
Expected future benefit payments [Abstract]
2,016			$ 287,000
2,017			367,000
2,018			371,000
2,019			384,000
2,020			412,000
2021-2025			$ 2,262,000
[1]	These amounts are included in the computation of net periodic pension costs and were reclassified to selling, general and administrative costs. For 2015, this includes $222,000 in curtailment loss on the SERP.

ACCUMULATED OTHER COMPREHENSI49

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($)		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) [Abstract]
Beginning balance		$ (2,168,000)	$ (15,412,000)	$ (23,378,000)
Defined benefit pension plans [Abstract]
Net gain (loss) during year		(230,000)	(10,974,000)	10,943,000
Amortization of prior service cost	[1]	432,000	210,000	210,000
Amortization of net loss	[1]	169,000	244,000	1,695,000
Settlement loss recognized	[2]	0	20,810,000	0
Defined benefit pension plan		371,000	10,290,000	12,848,000
Tax expense (benefit)		141,000	(2,954,000)	4,882,000
Total other comprehensive income		230,000	13,244,000	7,966,000
Ending balance		(1,938,000)	$ (2,168,000)	$ (15,412,000)
Curtailment loss		$ 222,000
[1]	These amounts are included in the computation of net periodic pension costs and were reclassified to selling, general and administrative costs. For 2015, this includes $222,000 in curtailment loss on the SERP.
[2]	This amount was reclassified and is part of the line item "pension settlement expense.

STOCK-BASED COMPENSATION PLAN50

STOCK-BASED COMPENSATION PLANS (Details)		12 Months Ended
		Dec. 31, 2015USD ($)Plan$ / sharesshares	Dec. 31, 2014USD ($)$ / sharesshares	Dec. 31, 2013USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of compensation plans | Plan		3
Shares available for grant under 2014 LTIP Plan (in shares)		1,083,834
Weighted-Average Exercise Price [Roll Forward]
Intrinsic value of exercised options and stock-settled appreciation rights | $		$ 457,000	$ 184,000	$ 1,312,000
Total compensation cost related to unvested equity awards | $		$ 4,509,000
Weighted-average period of recognition of cost		2 years 2 months 12 days
Restricted Stock Award [Member]
Shares or Units and Rights [Roll Forward]
Outstanding, beginning balance (in shares)		321,322	437,000	555,925
Granted (in shares)		176,135	146,748	162,150
Exercised or restrictions lapsed (in shares)	[1]	(147,595)	(235,925)	(277,975)
Forfeited or expired (in shares)		(5,372)	(26,501)	(3,100)
Restricted units expected to vest (in shares)		344,490
Outstanding, ending balance (in shares)		344,490	321,322	437,000
Weighted-Average Award Price [Roll Forward]
Outstanding, beginning balance (in dollars per share) | $ / shares		$ 20.49	$ 14.46	$ 12.28
Granted (in dollars per share) | $ / shares		23.97	28.72	18.15
Exercised or restrictions lapsed (in dollars per share) | $ / shares	[1]	18.94	14.01	12.24
Forfeited or expired (in dollars per share) | $ / shares		24.84	24.28	15
Restricted units expected to vest (in dollars per share) | $ / shares		22.87
Outstanding, ending balance (in dollars per share) | $ / shares		$ 22.87	$ 20.49	$ 14.46
Weighted-Average Exercise Price [Roll Forward]
Aggregate intrinsic value of outstanding awards | $		$ 7,386,000
Fair value of vested restricted common stock | $		$ 3,097,000	$ 5,985,000	$ 6,308,000
Period of restrictions over awards		4 years
Performance period		1 year
Vesting period of Cliff from grant date		3 years
Compensation expense | $		$ 4,033,000	3,319,000	3,323,000
Tax benefit recognized related to all awards | $		$ 1,533,000	$ 1,261,000	$ 1,263,000
Stock-Settled Appreciation Rights [Member]
Shares or Units and Rights [Roll Forward]
Outstanding, beginning balance (in shares)		129,975	149,700	121,749
Granted (in shares)		0	0	112,000
Exercised or restrictions lapsed (in shares)	[1]	(29,100)	(13,725)	(84,049)
Forfeited or expired (in shares)		0	(6,000)	0
Outstanding, ending balance (in shares)		100,875	129,975	149,700
Exercisable, ending balance (in shares)		48,875	51,975	37,700
Weighted-Average Award Price [Roll Forward]
Outstanding, beginning balance (in dollars per share) | $ / shares		$ 16.04	$ 15.78	$ 8.85
Granted (in dollars per share) | $ / shares		0	0	18.14
Exercised or restrictions lapsed (in dollars per share) | $ / shares	[1]	8.74	12.30	8.90
Forfeited or expired (in dollars per share) | $ / shares			18.14	0
Outstanding, ending balance (in dollars per share) | $ / shares		18.14	16.04	15.78
Exercisable, ending balance (in dollars per share) | $ / shares		$ 18.14	$ 12.88	$ 8.76
Weighted-Average Exercise Price [Roll Forward]
Aggregate intrinsic value of vested awards | $		$ 161,000
Aggregate intrinsic value of outstanding awards | $		$ 333,000
Options [Member]
Shares [Roll Forward]
Outstanding, beginning balance (in shares)		0	0	50,000
Granted (in shares)				0
Exercised or restrictions lapsed (in shares)	[1]			(48,000)
Forfeited or expired (in shares)				(2,000)
Outstanding, ending balance (in shares)		0	0	0
Exercisable, ending balance (in share)			0	0
Weighted-Average Exercise Price [Roll Forward]
Outstanding, beginning balance (in dollars per share) | $ / shares		$ 0	$ 0	$ 20.56
Granted (in dollars per share) | $ / shares				0
Exercised or restrictions lapsed (in dollars per share) | $ / shares	[1]			20.75
Forfeited or expired (in dollars per share) | $ / shares				15.90
Outstanding, ending balance (in dollars per share) | $ / shares		$ 0	0	0
Exercisable, ending balance (in dollars per share) | $ / shares			$ 0	$ 0
[1]	The total intrinsic value of options and stock-settled appreciation rights exercised was approximately $457,000, $184,000 and $1,312,000 in 2015, 2014 and 2013, respectively.

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Numerator [Abstract]
Net income	$ 9,181	$ 7,655	$ 4,833	$ 6,119	$ (10,192)	$ 7,824	$ 4,829	$ 6,129	$ 27,789	$ 8,589	$ 32,265
Common Stock [Member]
Numerator [Abstract]
Distributed earnings									7,358	27,077	4,787
Undistributed earnings									17,995	(19,220)	23,972
Basic									25,353	7,857	28,759
Class A Common earnings									2,436	732	3,506
Diluted									$ 27,789	$ 8,589	$ 32,265
Denominator [Abstract]
Weighted average shares outstanding - basic (in shares)									20,430	20,426	19,865
Assumed conversion of Class A Common Stock (in shares)									2,067	2,199	2,558
Dilutive options, awards and common stock equivalents (in shares)									301	315	392
Total weighted average diluted Common Stock (in shares)									22,798	22,940	22,815
Basic net earnings per share [Abstract]
Common stock (in dollars per share)	$ 0.42	$ 0.34	$ 0.21	$ 0.27	$ (0.45)	$ 0.35	$ 0.21	$ 0.27	$ 1.24	$ 0.38	$ 1.45
Diluted net earnings per share [Abstract]
Common stock (in dollars per share)	0.41	0.34	0.21	0.27	(0.45)	0.34	0.21	0.27	$ 1.22	$ 0.37	$ 1.41
Class A Common Stock [Member]
Numerator [Abstract]
Distributed earnings									$ 702	$ 2,703	$ 566
Undistributed earnings									1,734	(1,971)	2,940
Net income									$ 2,436	$ 732	$ 3,506
Denominator [Abstract]
Weighted average shares outstanding (in shares)									2,067	2,199	2,558
Basic net earnings per share [Abstract]
Common stock (in dollars per share)	0.40	0.32	0.20	0.26	(0.43)	0.33	0.20	0.26	$ 1.18	$ 0.33	$ 1.37
Diluted net earnings per share [Abstract]
Common stock (in dollars per share)	$ 0.39	$ 0.32	$ 0.20	$ 0.25	$ (0.43)	$ 0.33	$ 0.20	$ 0.26	$ 1.17	$ 0.33	$ 1.35

COMMITMENTS (Details)

COMMITMENTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Future minimum lease payments and rentals under operating leases [Abstract]
2,016	$ 33,691
2,017	29,575
2,018	26,970
2,019	21,670
2,020	17,993
Subsequent to 2021	41,651
Total minimum lease payments	171,550
Operating Leases, Rent Expense, Net [Abstract]
Rent expense under operating lease	$ 29,975	$ 29,767	$ 29,668
Minimum [Member]
Operating Leased Assets [Line Items]
Initial lease term	5 years
Renewal of lease term	1 year
Maximum [Member]
Operating Leased Assets [Line Items]
Initial lease term	30 years
Renewal of lease term	25 years
Property [Member]
Operating Leases, Rent Expense, Net [Abstract]
Minimum	$ 27,211	27,264	27,370
Additional rentals based on sales	27	79	0
Sublease income	(206)	(144)	(146)
Rent expense under operating lease	27,032	27,199	27,224
Equipment [Member]
Operating Leases, Rent Expense, Net [Abstract]
Rent expense under operating lease	$ 2,943	$ 2,568	$ 2,444

SUPPLEMENTAL CASH FLOW INFORM53

SUPPLEMENTAL CASH FLOW INFORMATION (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
SUPPLEMENTAL CASH FLOW INFORMATION [Abstract]
Cash paid for income taxes	$ 13,509	$ 11,420	$ 20,432
Income tax refunds received	5	191	3,003
Cash paid for interest	2,583	1,400	1,185
Noncash financing and investing activity [Abstract]
Fixed assets acquired (adjusted) related to capital lease and financing obligations	3,176	28,536	(2,600)
Increase in financing obligations	$ 6,594	$ 32,999	$ (2,600)

SELECTED QUARTERLY FINANCIAL 54

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013
Selected quarterly financial data [Abstract]
Net sales	$ 215,886	$ 209,921	$ 187,732	$ 191,331	$ 212,999	$ 198,541	$ 175,132	$ 181,737	$ 804,870	[1]	$ 768,409	[1]	$ 746,090	[1]
Gross profit	116,205	111,742	100,182	102,647	114,156	106,203	94,144	97,862	430,776		412,366		401,496
Credit service charges	73	71	69	72	75	72	71	81	286		298		320
Income before taxes	15,093	12,414	7,839	9,928	(4,978)	12,468	7,812	9,956	45,275		25,257		52,487
Net income	$ 9,181	$ 7,655	$ 4,833	$ 6,119	(10,192)	$ 7,824	$ 4,829	$ 6,129	$ 27,789		$ 8,589		$ 32,265
Diluted net earnings (loss) per share [Abstract]
Settlement expense of defined benefit pension plan					$ 21,600
Per share impact of settlement expense of defined benefit pension plan (in dollars per share)					$ 0.90
Common Stock [Member]
Basic net earnings (loss) per share [Abstract]
Common stock (in dollars per share)	$ 0.42	$ 0.34	$ 0.21	$ 0.27	(0.45)	$ 0.35	$ 0.21	$ 0.27	$ 1.24		$ 0.38		$ 1.45
Diluted net earnings (loss) per share [Abstract]
Common stock (in dollars per share)	0.41	0.34	0.21	0.27	(0.45)	0.34	0.21	0.27	$ 1.22		$ 0.37		$ 1.41
Class A Common Stock [Member]
Selected quarterly financial data [Abstract]
Net income									$ 2,436		$ 732		$ 3,506
Basic net earnings (loss) per share [Abstract]
Common stock (in dollars per share)	0.40	0.32	0.20	0.26	(0.43)	0.33	0.20	0.26	$ 1.18		$ 0.33		$ 1.37
Diluted net earnings (loss) per share [Abstract]
Common stock (in dollars per share)	$ 0.39	$ 0.32	$ 0.20	$ 0.25	$ (0.43)	$ 0.33	$ 0.20	$ 0.26	$ 1.17		$ 0.33		$ 1.35
[1]	Includes delivery charges and product protection.

SCHEDULE II - VALUATION AND Q55

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Allowance for Doubtful Accounts [Member]
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at beginning of period		$ 350	$ 350	$ 395
Additions charged to costs and expenses		269	257	120
Deductions Describe	[1],[2]	224	257	165
Balance at end of period		395	350	350
Reserve for Cancelled Sales and Allowances [Member]
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at beginning of period		1,627	1,277	1,152
Additions charged to costs and expenses		11,466	11,126	10,402
Deductions Describe	[1],[2]	11,434	10,776	10,277
Balance at end of period		$ 1,659	$ 1,627	$ 1,277
[1]	Allowance for doubtful accounts: uncollectible accounts written off, net of recoveries.
[2]	Reserve for cancelled sales and allowances: impact of sales cancelled after delivery plus amount of allowance given to customers.