0001185185-24-000378 | 10-K | XBRL Viewer

Accounting Policies, by Policy (Policies)

12 Months Ended

Jan. 28, 2024

Basis of Accounting, Policy [Policy Text Block]

Nature of Business

Hooker Furnishings Corporation and subsidiaries (the “Company,” “we,” “us” and “our”) design, import, manufacture and market residential household furniture, hospitality and contract furniture, lighting, accessories, and home décor for sale to wholesale and retail merchandisers located principally in North America.

Consolidation, Policy [Policy Text Block]

Consolidation

The consolidated financial statements include the accounts of Hooker Furnishings Corporation and our wholly owned subsidiaries. All material intercompany accounts and transactions have been eliminated in consolidation. All references to the Company refer to the Company and our consolidated subsidiaries, unless specifically referring to segment information.

Segment Reporting, Policy [Policy Text Block]

Operating Segments

As a public entity, we are required to present disaggregated information by segment using the management approach. The objective of this approach is to allow users of our financial statements to see our business through the eyes of management based upon the way management reviews performance and makes decisions. The management approach requires segment information to be reported based on how management internally evaluates the operating performance of the company’s business units or segments. The objective of this approach is to meet the basic principles of segment reporting as outlined in ASC 280 Segments (“ASC 280”), which are to allow the users of our financial statements to:

■

better understand our performance;

■

better assess our prospects for future net cash flows; and

■

make more informed judgments about us as a whole.

We define our segments as those operations our chief operating decision maker (“CODM”) regularly reviews to analyze performance and allocate resources. We measure the results of our segments using, among other measures, each segment’s net sales, gross profit and operating income, as determined by the information regularly reviewed by the CODM.

For financial reporting purposes, we are organized into three operating segments and “All Other”, which includes the remainder of our businesses:

■

Hooker Branded, consisting of the operations of our imported Hooker Casegoods and Hooker Upholstery businesses;

■

Home Meridian, a stand-alone, mostly autonomous business that serves a different type or class of customer than do our other operating segments and at much lower margins;

■

Domestic Upholstery, which includes the domestic upholstery manufacturing operations of Bradington-Young, HF Custom (formerly Sam Moore), Shenandoah Furniture and Sunset West; and

■

All Other, consisting of H Contract, BOBO Intriguing Objects, and Lifestyle Brands. None of these operating segments were individually reportable; therefore, we combined them in “All Other” in accordance with ASC 280.

Cash and Cash Equivalents, Policy [Policy Text Block]

Cash and Cash Equivalents

We consider cash on hand, demand deposits in banks and all highly liquid investments with an original maturity of three months or less to be cash and cash equivalents.

Receivable [Policy Text Block]

Trade Accounts Receivable

Substantially all of our trade accounts receivable are due from retailers and dealers that sell residential home furnishings or commercial purchasers of our hospitality and senior living products, and consist of a large number of entities with a broad geographic dispersion. We perform credit evaluations of our customers and generally do not require collateral.

These trade accounts receivable are reported net of customer allowances and an allowance for doubtful accounts.

Reserves for customer allowances comprise the majority of the reduction of our gross trade accounts receivable to the estimated fair value reported on the face of our financial statements. We regularly review and revise customer allowances based on unprocessed claims received and current and historical activity and any agreements made with specific customers. Historically, in the Home Meridian segment, Clubs channel customers drove most of the customer allowance activity due to their consumer-facing product return policies. We based anticipated future claims on historical experience with these customers.

We regularly review and revise accounts receivable for doubtful accounts based upon historical bad debts. If the financial condition of a customer or customers were to deteriorate, resulting in an impairment of their ability to make payments, additional bad debt allowances may be required. In the event a receivable is determined to be potentially uncollectible, we engage collection agencies or law firms to attempt to collect amounts owed to us after all internal collection attempts have ended. Once we have determined the receivable is uncollectible, it is charged against the allowance for doubtful accounts.

Fair Value Measurement, Policy [Policy Text Block]

Fair Value Measurements

We utilize valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible. We determine fair value based on assumptions that we believe market participants would use in pricing an asset or liability in the principal or most advantageous market. When considering market participant assumptions in fair value measurements, the following fair value hierarchy distinguishes between observable and unobservable inputs, which are categorized in one of the following levels:

■

Level 1 Inputs: Unadjusted quoted prices in active markets for identical assets or liabilities accessible to the reporting entity at the measurement date.

■

Level 2 Inputs: Observable inputs other than quoted prices included in Level 1 inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability.

■

Level 3 Inputs: Unobservable inputs for the asset or liability used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at measurement date.

Fair Value of Financial Instruments, Policy [Policy Text Block]

Fair Value of Financial Instruments

The carrying value of certain of our financial instruments (cash and cash equivalents, trade accounts receivable and payable, and accrued liabilities) approximates fair value because of the short-term nature of those instruments. The carrying value of Company-owned life insurance is marked to market each reporting period and any change in fair value is reflected in income for that period. See Note 11 for details.

Inventory, Policy [Policy Text Block]

Inventories

Inventories, consisting of finished furniture for sale, raw materials, manufacturing supplies and furniture in process, are stated at the lower of cost, or market value, with cost determined using the last-in, first-out (LIFO) method. Under this method, inventory is valued at cost, which is determined by applying a cumulative index to current year inventory dollars. We believe the use of the LIFO method results in a better matching of costs and revenues. We review inventories on hand and record an allowance for slow-moving and obsolete inventory based on historical experience and expected sales.

Property, Plant and Equipment, Policy [Policy Text Block]

Property, Plant and Equipment

Property, plant and equipment are stated at cost, less allowances for depreciation. Provision for depreciation has been computed at annual rates using straight-line or declining balance depreciation methods that will amortize the cost of the depreciable assets over their estimated useful lives.

Lessee, Leases [Policy Text Block]

Leases

Leases are classified as either finance leases or operating leases based on criteria in Topic 842. All of our current leases are classified as operating leases. We do not currently have finance leases but could in the future.

Operating lease right-of-use (“ROU”) assets and liabilities are recognized on the adoption date based on the present value of lease payments over the remaining lease term. As interest rates are not explicitly stated or implicit in any of our leases, we utilized our incremental borrowing rate at the adoption date of February 4, 2019. For leases without explicitly stated or implicit interest rates that commenced after the adoption date and before July 2022, we used our incremental borrowing rate which was one-month LIBOR at the lease commencement date plus 1.5%. When we entered into the new loan agreement, our incremental borrowing rate for unsecured term loan became the current BSBY rate plus 1.40%. We use this rate as the discount rate for leases commenced in July 2022 and thereafter. ROU assets also include any lease payments made and exclude lease incentives. Lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option.

At the inception of a lease, we allocate the consideration in the contract to each lease and non-lease component based on the component’s relative stand-alone price to determine the lease payments. Lease and non-lease components are accounted for separately. Lease expense for operating leases is recognized on a straight-line basis over the lease term. Included in lease expense are any variable lease payments incurred in the period that were not included in the initial lease liability. Some of our real estate leases contain variable lease payments, including payments based on the percentage increase in the Consumer Price Index for Urban Consumers (“CPI-U”). We used February 2019 CPI-U issued by the US Department of Labor’s Bureau of Labor Statistics to measure lease payments and calculate lease liabilities upon adoption of this standard. Additional payments based on the change in an index or rate, or payments based on a change in our portion of the operating expenses, including real estate taxes and insurance, are recorded when incurred.

We have a sub-lease at one of our warehouses. In accordance with the provisions of Topic 842, since we have not been relieved as the primary obligor of the warehouse lease, we cannot net the sublease income against our lease payment to calculate the lease liability and ROU asset. Our practice is to straight-line the sub-lease income over the term of the sublease.

Our leases have remaining lease terms of less than one year to ten years, some of which include options to extend the leases for up to ten years. We have elected not to recognize ROU assets and lease liabilities that arise from short term leases for any class of underlying asset. Short term leases are leases with lease terms of 12 months or less with either (a) no renewal option or (b) a renewal option which we are not reasonably certain to exercise.

Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]

Impairment of Long-Lived Assets

Long-lived assets, such as property, plant and equipment and definite-lived assets, are evaluated for impairment annually or more frequently when events or changes in circumstances indicate that the carrying amount of the assets or asset groups may not be recoverable through the estimated undiscounted future cash flows from the use of those assets. When any such impairment exists, the related assets are written down to fair value. Long-lived assets subject to disposal by sale are measured at the lower of their carrying amount or fair value less estimated cost to sell, are no longer depreciated, and are reported separately as “assets held for sale” in the consolidated balance sheets.

Goodwill and Intangible Assets, Intangible Assets, Indefinite-Lived, Policy [Policy Text Block]

Intangible Assets and Goodwill

We own both definite-lived (amortizable) assets and indefinite-lived intangible assets. Our amortizable intangible assets are related to the Shenandoah, Sunset West and Home Meridian acquisitions, as well as the rebranding of Sam Moore product line, and includes customer relationships and trademarks. Our indefinite lived assets include goodwill related to the Shenandoah, Sunset West and BOBO acquisitions, as well as the Bradington-Young, Home Meridian and BOBO tradenames. We may acquire additional amortizable assets and/or indefinite lived intangible assets in the future. Our indefinite-lived intangible assets are not amortized but are tested for impairment annually or more frequently if events or circumstances indicate that the asset might be impaired.

In accordance with ASC 350, Intangibles—Goodwill and Other, our goodwill, trademarks and trade names are tested for impairment annually as of the first day of our fourth quarter or more frequently if events or changes in circumstances indicate that the asset might be impaired. Circumstances that could indicate a potential impairment include, but are not limited to:

■

a significant adverse change in the economic or business climate either within the furniture industry or the national or global economy;

■

significant changes in demand for our products;

■

loss of key personnel; and

■

the likelihood that a reporting unit or significant portion of a reporting unit will be sold or otherwise subject to disposal.

The assumptions used to determine the fair value of our intangible assets are highly subjective and judgmental and include long-term growth rates, sales volumes, projected revenues, assumed royalty rates and factors used to develop an applied discount rate. If the assumptions that we use in these calculations differ from actual results, we may realize additional impairment on our intangible assets that may have a material-adverse effect on our results of operations and financial condition.

Liability for Future Policy Benefit [Policy Text Block]

Cash Surrender Value of Life Insurance Policies

We own seventy-three life insurance policies on certain of our current and former executives and other key employees. These policies had a carrying value of $28.5 million at January 28, 2024 and have a face value of approximately $56 million as of that date. Proceeds from the policies are used to fund certain employee benefits and for other general corporate purposes. We account for life insurance as a component of employee benefits cost. Consequently, the cost of the coverage and any resulting gains or losses related to those insurance policies are recorded as a decrease or increase to operating income. Cash payments that increase the cash surrender value of these policies are classified as investing outflows on the Consolidated Statements of Cash Flows, with amounts paid in excess of the increase in cash surrender value included in operating activities. Gains on life insurance policies, which typically occur at the time a policy is redeemed, are included in the reconciliation of net income to net cash used in or provided by operating activities.

Revenue [Policy Text Block]

Revenue Recognition

We recognize revenue pursuant to Accounting Standards Codification 606, which requires revenue to be recognized at an amount that reflects the consideration we expect to be entitled to receive in exchange for transferring goods or services to our customers. Our policy is to record revenue when control of the goods transfers to the customer. We have a present right to payment at the time of shipment as customers are invoiced at that time. We believe the customer obtains control of goods at the time of shipment, which is typically when title passes. While the customer may not enjoy immediate physical possession of the products, the customers’ right to re-direct shipment indicates control. In the very limited instances when products are sold under consignment arrangements, we do not recognize revenue until control over such products has transferred to the end consumer. Orders are generally non-cancellable once loaded into a shipping trailer or container.

The transaction price for each contract is the stated price of the product, reduced by any stated discounts or allowances at that point in time. We do not engage in sales of products that attach a future material right which could result in a separate performance obligation for the purchase of goods in the future at a material discount. The implicit contract with the customer, as reflected in the order acknowledgement and invoice, states the final terms of the sale, including the description, quantity, and price of each product purchased. The transaction price reflects the amount of estimated consideration to which we expect to be entitled. This amount of variable consideration included in the transaction price, and measurement of net sales, is included in net sales only to the extent that it is probable that there will be no significant reversal in a future period.

Net sales are comprised of gross revenues from sales of home furnishings and hospitality furniture products and are recorded net of allowances for trade promotions, estimated product returns, rebate advertising programs and other discounts. Physical product returns are very rare due to the high probability of damages to our products in return transit. Other revenues, primarily royalties, are immaterial to our overall results. Payment is typically due within 30-60 days of shipment for customers qualifying for payment terms. Collectability is reasonably assured since we extend credit to customers for whom we have performed credit evaluations and/or from whom we have received a down payment or deposit. Due to the highly-customized nature of our hospitality products, we typically require substantial prepayments on these orders, with the balance due within 30 days of delivery. For our outdoor furnishings, most orders require a 50% deposit upon order and the balance when production is started.

Cost of Goods and Service [Policy Text Block]

Cost of Sales

The major components of cost of sales are:

■

the cost of imported products purchased for resale;

■

raw materials and supplies used in our domestically manufactured products;

■

labor and overhead costs associated with our domestically manufactured products;

■

the cost of our foreign import operations;

■

charges associated with our inventory reserves;

■

warehousing and certain shipping and handling costs; and

■

all other costs required to be classified as cost of sales.

Selling, General and Administrative Expenses, Policy [Policy Text Block]

Selling and Administrative Expenses

The major components of our selling and administrative expenses are:

■

the cost of our marketing and merchandising efforts, including showroom expenses;

■

sales and design commissions;

■

the costs of administrative support functions including, executive management, information technology, human resources and finance; and

■

all other costs required to be classified as selling and administrative expenses.

Advertising Cost [Policy Text Block]

Advertising

We offer advertising programs to qualified dealers under which we may provide signage, catalogs and other marketing support to our dealers and may reimburse some advertising and other costs incurred by our dealers in connection with promoting our products. The cost of these programs does not exceed the fair value of the benefit received. We charge the cost of point-of-purchase materials (including signage, catalogs, and fabric and leather swatches) to selling and administrative expense as incurred. Advertising costs charged to selling and administrative expense for fiscal years 2024, 2023, and 2022 were $2.6 million, $2.0 million, and $1.9 million, respectively. The costs for other advertising allowance programs are charged against net sales. We also have arrangements with some dealers to reimburse them for a portion of their advertising costs, which provides advertising benefits to us. Costs for these arrangements are expensed as incurred and are netted against net sales in our consolidated statements of operations and comprehensive income.

Earnings Per Share, Policy [Policy Text Block]

Earnings Per Share

We use the two-class method to compute basic earnings per share. Under this method we allocate earnings to common shares and participating securities according to their participation rights in dividends declared and undistributed earnings and divide the income available to each class by the weighted average number of common shares for the period in each class. Unvested restricted stock grants made to our non-employee directors and certain employees are considered participating securities because the shares have the right to receive non-forfeitable dividends. Because the participating shares have no obligation to share in net losses, we do not allocate losses to our common shares in this calculation.

Diluted earnings per share reflect the potential dilutive effect of securities that could share in our earnings. Restricted stock awarded to non-employee directors and certain employees and restricted stock units granted to employees that have not yet vested are considered when computing diluted earnings per share. We use the treasury stock method to determine the dilutive effect of both unvested restricted stock and unvested restricted stock units. Shares of unvested restricted stock and unvested restricted stock units under a stock-based compensation arrangement are considered options for purposes of computing diluted earnings per share and are considered outstanding shares as of the grant date for purposes of computing diluted earnings per share even though their exercise may be contingent upon vesting. Those stock-based awards are included in the diluted earnings per share computation even if the non-employee director may be required to forfeit the stock at some future date, or no shares may ever be issued to the employees. Unvested restricted stock and unvested restricted stock units are not included in outstanding common shares in computing basic earnings per share.

Use of Estimates, Policy [Policy Text Block]

Use of Estimates

The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires us to make estimates and assumptions that affect the reported amounts of: (i) assets and liabilities, including disclosures regarding contingent assets and liabilities at the dates of the financial statements; and (ii) revenue and expenses during the reported periods. Significant items subject to such estimates and assumptions include inventory reserves, useful lives of fixed and intangible assets; allowance for doubtful accounts; deferred tax assets; the valuation of fixed assets and goodwill; our pension and supplemental retirement income plans; and stock-based compensation. These estimates and assumptions are based on our best judgments. We evaluate these estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, which we believe to be reasonable under the circumstances. We adjust our estimates and assumptions as facts and circumstances dictate. Actual results could differ from our estimates.

New Accounting Pronouncements, Policy [Policy Text Block]

Recently Issued Accounting Pronouncements

In November 2023, the FASB issued ASU 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures”. The new guidance requires enhanced reportable segment disclosures to include significant segment expenses. ASU 2023-07 is effective for annual and interim periods beginning after December 15, 2023 (our fiscal 2025). We are currently evaluating the impact that the adoption of this new guidance will have on our Consolidated Financial Statements and will add necessary disclosures upon adoption.

In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures”. The new guidance requires enhanced effective tax rate reconciliation and income taxes paid disclosures. ASU 2023-09 is effective for annual periods beginning after December 15, 2024 (our fiscal 2026). We are currently evaluating the impact that the adoption of this new guidance will have on our Consolidated Financial Statements and will add necessary disclosures upon adoption.

We reviewed all other newly issued accounting pronouncements and concluded that they are either not applicable to our business or are not expected to have a material effect on our Consolidated Financial Statements as a result of future adoption.

EMPLOYEE BENEFIT PLANS

12 Months Ended

Jan. 28, 2024

Retirement Benefits [Abstract]

Retirement Benefits [Text Block]

NOTE 14 – EMPLOYEE BENEFIT PLANS

Employee Savings Plans

We sponsor a tax-qualified 401(k) retirement plan covering substantially all employees. This plan assists employees in meeting their savings and retirement planning goals through employee salary deferrals and discretionary employer matching contributions. Our contributions to the plan amounted to $1.8 million in fiscal 2024, $1.5 million in fiscal 2023, and $1.4 million in fiscal 2022.

Executive Benefits

SRIP and SERP Overview

We maintain two “frozen” retirement plans, which are paying benefits and may include active employees among the participants but we do not expect to add participants to these plans in the future. The two plans include:

	■	a supplemental retirement income plan (“SRIP”) for certain former and current executives of Hooker Furnishings Corporation; and
	■	the Pulaski Furniture Corporation Supplemental Executive Retirement Plan (“SERP”) for certain former executives.

SRIP and SERP

The SRIP provides monthly payments to participants or their designated beneficiaries based on a participant’s “final average monthly earnings” and “specified percentage” participation level as defined in the plan, subject to a vesting schedule that may vary for each participant. The benefit is payable for a 15-year period following the participant’s termination of employment due to retirement, disability or death. In addition, the monthly retirement benefit for each participant, regardless of age, becomes fully vested and the present value of that benefit is paid to each participant in a lump sum upon a change in control of the Company as defined in the plan. The SRIP is unfunded and all benefits are payable solely from our general assets. The plan liability is based on the aggregate actuarial present value of the vested benefits to which participating employees are currently entitled but based on the employees’ expected dates of separation or retirement. No employees have been added to the plan since 2008 and we do not expect to add additional employees in the future, due to changes in our compensation philosophy, which emphasizes more performance-based compensation measures in total management compensation.

The SERP provides monthly payments to eight retirees or their designated beneficiaries based on a defined benefit formula as defined in the plan. The benefit is payable for the life of the retiree with the following forms available as a reduced monthly benefit: Ten-year Certain and Life; 50% or 100% Joint and Survivor Annuity. The SERP is unfunded and all benefits are payable solely from our general assets. The plan liability is based on the aggregate actuarial present value of the benefits to which retired employees are currently entitled. No employees have been added to the plan since 2006 and we do not expect to add additional employees in the future.

Summarized SRIP and SERP information as of each fiscal year-end (the measurement date) is as follows:

	SRIP (Supplemental Retirement Income Plan)
	January 28,			January 29,
	2024			2023
Change in benefit obligation:
Beginning projected benefit obligation	$	7,976		$	9,426
Service cost		58			126
Interest cost		364			243
Benefits paid		(877	)		(815	)
Actuarial (gain)/ loss		(150	)		(1,004	)
Ending projected benefit obligation (funded status)	$	7,371		$	7,976

Accumulated benefit obligation	$	7,209		$	7,783

Discount rate used to value the ending benefit obligations:		5.05	%		4.85	%

Amount recognized in the consolidated balance sheets:
Current liabilities (Accrued salaries, wages and benefits line)	$	961		$	877
Non-current liabilities (Deferred compensation line)		6,410			7,099
Total	$	7,371		$	7,976

	Fifty-Two Weeks Ended
	January 28,			January 29,			January 30,
	2024			2023			2022
Net periodic benefit cost
Service cost	$	58		$	126		$	133
Interest cost		364			243			178
Net (gain)/loss		(279	)		83			402
Net periodic benefit cost	$	143		$	452		$	713


Other changes recognized in accumulated other comprehensive income
Net (gain) / loss arising during period		(150	)		(1,004	)		(553	)
Amortizations:
Gain (loss)		279			(83	)		(402	)
Total recognized in other comprehensive income		129			(1,087	)		(955	)

Total recognized in net periodic benefit cost and accumulated other comprehensive income	$	272		$	(635	)	$	(242	)

Assumptions used to determine net periodic benefit cost:
Discount rate		4.85	%		2.70	%		1.75	%
Increase in future compensation levels		4.00	%		4.00	%		4.00	%

Estimated Future Benefit Payments:
Fiscal 2025	$	961
Fiscal 2026		961
Fiscal 2027		788
Fiscal 2028		813
Fiscal 2029		830
Fiscal 2030 through fiscal 2034		3,668

For the SRIP, the discount rate used to determine the fiscal 2024 net periodic cost was 4.85%, based on the Mercer yield curve and the plan’s expected benefit payments. At January 28, 2024, combining the Mercer yield curve and the plan's expected benefit payments resulted in a rate of 5.05%. This rate was used to value the ending benefit obligations.

At January 28, 2024, the actuarial gain related to the SRIP amounted to $150,000, net of tax $41,000. At January 29, 2023, the actuarial gain related to the SRIP amounted to $1 million, net of tax of $288,000. The estimated actuarial gain that will be amortized from accumulated other comprehensive income into net periodic benefit cost over the 2025 fiscal year is $236,188. There is no expected prior service (cost) or credit amortization.

	SERP (Supplemental Executive Retirement Plan)
	January 28,			January 29,
	2024			2023
Change in benefit obligation:
Beginning projected benefit obligation	$	1,295		$	1,531
Service cost		-			-
Interest cost		57			41
Benefits paid		(157	)		(158	)
Actuarial (gain)/loss		29			(119	)
Ending projected benefit obligation (funded status)	$	1,224		$	1,295

Accumulated benefit obligation	$	1,224		$	1,295

Discount rate used to value the ending benefit obligations:		4.90	%		4.70	%

Amount recognized in the consolidated balance sheets:
Current liabilities (Accrued salaries, wages and benefits line)	$	155		$	155
Non-current liabilities (Deferred compensation line)		1,069			1,140
Total	$	1,224		$	1,295

	Fifty-Two Weeks Ended
	January 28,			January 29,			January 30,
	2024			2023			2022
Net periodic benefit cost
Service cost	$	-		$	-		$	-
Interest cost		57			41			34
Net gain		(15	)		(2	)
Net periodic benefit cost	$	42		$	39		$	34


Other changes recognized in accumulated other comprehensive income
Net (gain)/loss arising during period		29			(119	)		(39	)
Amortizations:
Gain (Loss)		15			2			-
Total recognized in other comprehensive income		44			(117	)		(39	)

Total recognized in net periodic benefit cost and accumulated other comprehensive income	$	86		$	(78	)	$	(5	)

Assumptions used to determine net periodic benefit cost:
Discount rate		4.70	%		2.80	%		2.10	%
Increase in future compensation levels		N/A			N/A			N/A

Estimated Future Benefit Payments:
Fiscal 2025	$	155
Fiscal 2026		149
Fiscal 2027		142
Fiscal 2028		135
Fiscal 2029		127
Fiscal 2030 through fiscal 2034		504

For the SERP, the discount rate assumption used to measure the projected benefit obligations is set by reference to a certain hypothetical AA-rated corporate bond spot-rate yield curve constructed by our actuary, Aon (“Aon”) and the plan’s projected cash flows, rounded to the nearest 10 bps. At January 28, 2024, combining the Aon AA Above Median yield curve and the plan's expected benefit payments created a rate of 4.90%. This rate was used to value the ending benefit obligations. At January 29, 2023, combining the Aon AA Above Median yield curve and the plan's expected benefit payments created a rate of 4.70%. This rate was used to determine the fiscal 2024 net periodic cost. The change in the discount rate from 4.70% to 4.90% decreased liabilities.

At January 28, 2024, the actuarial loss related to the SERP was $29,000. At January 29, 2023, the actuarial gain related to the SERP was $119,000.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 70
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480794/715-70-50-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 17
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-URI https://asc.fasb.org//1943274/2147480482/715-20-55-17

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1
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-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (q)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//715/tableOfContent

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (o)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
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+ Details

LONG-TERM DEBT (Tables)

12 Months Ended

Jan. 28, 2024

Debt Disclosure [Abstract]

Schedule of Maturities of Long-Term Debt [Table Text Block]

Principal payments on the term loans are as follows. The carrying amount of the term loans approximated their fair value at January 28, 2024.

Fiscal Year	Amount

2025		1,400
2026		1,400
2027		1,400
2028		18,700
	$	22,900

SEGMENT INFORMATION

12 Months Ended

Jan. 28, 2024

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

NOTE 18 – SEGMENT INFORMATION

■

better understand our performance;

■

better assess our prospects for future net cash flows; and

■

make more informed judgments about us as a whole.

For financial reporting purposes, we are organized into three reportable segments and “All Other”, which includes the remainder of our businesses:

■

Hooker Branded, consisting of the operations of our imported Hooker Casegoods and Hooker Upholstery businesses;

■

Home Meridian, a business acquired at the beginning of fiscal 2017, is a stand-alone, mostly autonomous business that serves a different type or class of customer than do our other operating segments and at much lower margins;

■

Domestic Upholstery, which includes the domestic upholstery manufacturing operations of Bradington-Young, HF Custom (formerly Sam Moore), Shenandoah Furniture and Sunset West; and

■

All Other, consisting of H Contract, BOBO Intriguing Objects, and Lifestyle Brands. None of these operating segments were individually reportable; therefore, we combined them in “All Other” in accordance with ASC 280.

Changes to segment reporting for fiscal 2024

We regularly monitor our reportable segments for changes in facts and circumstances to determine whether changes in the identification or aggregation of operating segments are necessary. Before the fiscal 2024 third quarter, H Contract’s results included sales of products sourced from the Hooker Branded and Domestic Upholstery segments. Due to a change in the way management internally evaluates operating performance, beginning with fiscal 2024 third quarter, Hooker Branded and Domestic Upholstery segments’ results now include sales of products formerly included in H Contract’s results. Fiscal 2024 and fiscal 2023 results discussed below have been recast to reflect this change. The Home Meridian segment is unchanged.

During the second quarter of fiscal 2024, we acquired substantially all the assets of BOBO Intriguing Objects. Based on the requirements of ASC 280: Segment Reporting, BOBO’s results are included in All Other on a prospective basis.

The following table presents segment information for the periods, and as of the dates, indicated. Prior-year information has been recast to reflect the changes in segments discussed above.

	Fifty-Two Weeks Ended
	January 28, 2024						January 29, 2023						January 30, 2022
				% Net						% Net						% Net
Net Sales				Sales						Sales						Sales
Hooker Branded	$	156,590			36.2	%	$	205,935			35.3	%	$	200,945			33.8	%
Home Meridian		143,538			33.1	%		216,338			37.1	%		278,902			47.0	%
Domestic Upholstery		126,827			29.3	%		156,717			26.9	%		106,827			18.0	%
All Other		6,271			1.4	%		4,112			0.7	%		6,938			1.2	%
Consolidated	$	433,226			100	%	$	583,102			100	%	$	593,612			100	%

Gross Profit/(Loss)
Hooker Branded	$	57,671			36.8	%	$	60,871			29.6	%	$	63,333			31.5	%
Home Meridian		24,367			17.0	%		(2,620	)		-1.2	%		15,213			5.5	%
Domestic Upholstery		24,048			19.0	%		32,633			20.8	%		20,860			19.5	%
All Other		2,606			41.5	%		2,410			58.6	%		2,296			33.1	%
Consolidated	$	108,692			25.1	%	$	93,294			16.0	%	$	101,702			17.1	%

Operating Income/(Loss)
Hooker Branded	$	16,844			10.8	%	$	22,030			10.7	%	$	30,705			15.3	%
Home Meridian		(5,530	)		-3.9	%		(37,181	)		-17.2	%		(21,260	)		-7.6	%
Domestic Upholstery		1,131			0.9	%		8,871			5.7	%		4,675			4.4	%
All Other		(87	)		-1.4	%		234			5.7	%		723			10.4	%
Consolidated	$	12,358			2.9	%	$	(6,046	)		-1.0	%	$	14,843			2.5	%

Capital Expenditures
Hooker Branded	$	4,185					$	1,813					$	558
Home Meridian		1,679						1,280						4,829
Domestic Upholstery		860						1,106						1,295
All Other		91						-						10
Consolidated	$	6,815					$	4,199					$	6,692

Depreciation & Amortization
Hooker Branded	$	2,268					$	2,092					$	2,530
Home Meridian		2,689						2,899						2,594
Domestic Upholstery		3,972						3,827						2,678
All Other		27						11						12
Consolidated	$	8,956					$	8,829					$	7,814

	As of January 28,					As of January 29,
	2024		%Total			2023		%Total
Assets			Assets					Assets
Hooker Branded	$	168,832		56.3	%	$	174,523		52.1	%
Home Meridian		58,799		19.6	%		92,469		27.6	%
Domestic Upholstery		67,230		22.4	%		66,435		19.8	%
All Other		5,067		1.7	%		1,558		0.5	%
Consolidated Assets	$	299,928		100	%	$	334,985		100	%
Consolidated Goodwill and Intangibles		43,658					46,731
Total Consolidated Assets	$	343,586				$	381,716

Sales by product type are as follows:

	Net Sales (in thousands)
	Fiscal
	2024				2023				2022

Casegoods	$	248,627	57	%	$	328,849	56	%	$	348,548	59	%
Upholstery		184,599	43	%		254,253	44	%		245,064	41	%
	$	433,226	100	%	$	583,102	100	%	$	593,612	100	%

No significant long-lived assets were held outside the United States at either January 28, 2024 or January 29, 2023. International customers accounted for less than 2% of consolidated invoiced sales in fiscal 2024, 2023 and 2022. We define international sales as sales outside of the United States and Canada.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

LEASES (Details) - Lease, Cost - USD ($) $ in Thousands	12 Months Ended
LEASES (Details) - Lease, Cost - USD ($) $ in Thousands	Jan. 28, 2024	Jan. 29, 2023	Jan. 30, 2022
LEASES (Details) - Lease, Cost [Line Items]
Operating lease cost	$ 11,559	$ 10,469	$ 8,469
Operating cash outflows	10,537	10,527	7,730
Operating Lease Costs [Member]
LEASES (Details) - Lease, Cost [Line Items]
Operating lease cost	10,912	9,908	8,144
Variable Lease Cost [Member]
LEASES (Details) - Lease, Cost [Line Items]
Operating lease cost	248	234	208
Leases Less Then 12 Months [Member]
LEASES (Details) - Lease, Cost [Line Items]
Operating lease cost	$ 399	$ 327	$ 117

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Jan. 28, 2024	Jan. 29, 2023	Jan. 30, 2022
Statement of Comprehensive Income [Abstract]
Net Income/(Loss)	$ 9,865	$ (4,312)	$ 11,718
Actuarial adjustments	(172)	1,204	994
Income tax effect on adjustments	41	(288)	(237)
Adjustments to net periodic benefit cost	(131)	916	757
Total Comprehensive Income/(Loss)	$ 9,734	$ (3,396)	$ 12,475

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B

Reference 38: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 39: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

+ Details

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Jan. 28, 2024	Jan. 29, 2023	Jan. 30, 2022
Operating Activities:
Net income/(loss)	$ 9,865	$ (4,312)	$ 11,718
Adjustments to reconcile net income to net cash provided by operating activities:
Inventory valuation expense	1,829	28,752	3,402
Depreciation and amortization	8,956	8,829	7,814
Loss/(Gain) on disposal of assets	35	94	(18)
Deferred income tax expense/(benefit)	2,523	(3,160)	2,323
Non-cash restricted stock and performance awards	1,706	1,244	(28)
Provision for doubtful accounts and sales allowances	(727)	(3,673)	45
Gain on life insurance policies	(984)	(1,179)	(1,008)
Changes in assets and liabilities:
Trade accounts receivable	11,577	16,831	9,518
Inventories	34,776	(47,827)	(8,265)
Income tax recoverable	65	1,283	(4,361)
Prepaid expenses and other assets	(5,111)	(5,711)	(4,400)
Trade accounts payable	190	(15,781)	(1,312)
Accrued salaries, wages and benefits	(1,890)	2,148	76
Accrued income taxes	0	0	(501)
Customer deposits	(2,590)	(1,911)	2,890
Operating lease liabilities	449	(57)	708
Other accrued expenses	(4,261)	3,254	908
Deferred compensation	(937)	(542)	(300)
Net cash provided by/(used in) operating activities	55,471	(21,718)	19,209
Investing Activities:
Acquisition	(2,373)	(25,274)	0
Purchases of property, plant and equipment	(6,815)	(4,199)	(6,692)
Proceeds from sale of property and equipment	0	0	18
Premiums paid on life insurance policies	(406)	(492)	(560)
Proceeds received on life insurance policies	1,036	0	372
Net cash used in investing activities	(8,558)	(29,965)	(6,862)
Financing Activities:
Purchase and retirement of common stock	(11,674)	(13,342)	0
Cash dividends paid	(9,682)	(9,602)	(8,822)
Payments for long-term loans	(1,400)	(700)	0
Proceeds from long-term loans	0	25,000	0
Proceeds from revolving credit facility	0	36,190	0
Payments for revolving credit facility	0	(36,190)	0
Debt issuance cost	0	(37)	0
Net cash (used in)/provided by financing activities	(22,756)	1,319	(8,822)
Net increase/(decrease) in cash and cash equivalents	24,157	(50,364)	3,525
Cash and cash equivalents at the beginning of year	19,002	69,366	65,841
Cash and cash equivalents at the end of year	43,159	19,002	69,366
Supplemental schedule of cash flow information:
Interest paid, net	1,375	642	0
Income taxes paid, net	23	101	5,888
Supplemental schedule of noncash investing activities:
(Decrease)/Increase in lease liabilities arising from obtaining right-of-use assets	(10,646)	25,241	24,513
Increase in property and equipment through accrued purchases	$ 190	$ 128	$ 15

LEASES (Details)	3 Months Ended	6 Months Ended		12 Months Ended
LEASES (Details)	Jul. 30, 2023 m²	Jan. 31, 2024 m²	Oct. 29, 2023 USD ($)	Jan. 28, 2024 USD ($)	Jan. 29, 2023 USD ($)	Jan. 30, 2022 USD ($)
Disclosure Text Block [Abstract]
Operating Lease, Lease Income [Extensible List Not Disclosed]				$ 146,000	$ 445,000	$ 890,000
Decrease In Rental Area (in Square Meters) \| m²	200,000	200,000
Increase (Decrease) in Operating Lease Liability			$ 13,000,000	$ (10,646,000)	$ 25,241,000	$ 24,513,000
Operating Lease, Weighted Average Discount Rate, Percent				5.15%
Operating Lease, Weighted Average Remaining Lease Term				7 years

INCOME TAXES (Tables)

12 Months Ended

Jan. 28, 2024

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Our provision for income taxes was as follows for the periods indicated:

	Fifty-Two Weeks Ended
	January 28,		January 29,			January 30,
	2024		2023			2022
Current expense
Federal	$	6	$	1,024		$	650
Foreign		47		75			107
State		-		223			307
Total current expense		53		1,322			1,064

Deferred taxes
Federal		2,227		(2,617	)		1,980
State		293		(542	)		344
Total deferred taxes		2,520		(3,159	)		2,324
Income tax (benefit)/expense	$	2,573	$	(1,837	)	$	3,388

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The effective income tax rate differed from the federal statutory tax rate as follows for the periods indicated:

	Fifty-Two Weeks Ended
	January 28,			January 29,			January 30,
	2024			2023			2022

Income taxes at statutory rate		21.0	%		21.0	%		21.0	%
Increase (decrease) in tax rate resulting from:
State taxes, net of federal benefit		1.9			4.1			3.4
Officer's life insurance		-1.7			4.0			-1.3
Expiration of capital loss		0.0			0.0			2.0
Change in valuation allowance		0.1			-0.2			-1.9
Other		-0.6			1.0			-0.8
Effective income tax rate		20.7	%		29.9	%		22.4	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities for the period indicated were:

	January 28,			January 29,
	2024			2023
Assets
Intangible assets	$	5,590		$	6,409
Inventories		-			3,618
Deferred compensation		2,494			3,007
Allowance for bad debts		816			889
Employee benefits		1,008			746
Loss and credit carryover		6,655			418
Accrued liabilities		238			79
Deferred rent		716			605
Other		-			215
Total deferred tax assets		17,517			15,986
Valuation allowance		(107	)		(100	)
		17,410			15,886
Liabilities
Property, plant and equipment		1,710			1,117
Inventories		3,319			-
Other		376			285
Total deferred tax liabilities		5,405			1,402
Net deferred tax assets	$	12,005		$	14,484

INCOME TAXES (Details) - Schedule of Deferred Tax Assets and Liabilities - USD ($) $ in Thousands	Jan. 28, 2024	Jan. 29, 2023
Assets
Intangible assets	$ 5,590	$ 6,409
Inventories	0	3,618
Deferred compensation	2,494	3,007
Allowance for bad debts	816	889
Employee benefits	1,008	746
Loss and credit carryover	6,655	418
Accrued liabilities	238	79
Deferred rent	716	605
Other	0	215
Total deferred tax assets	17,517	15,986
Valuation allowance	(107)	(100)
	17,410	15,886
Liabilities
Property, plant and equipment	1,710	1,117
Inventories	3,319	0
Other	376	285
Total deferred tax liabilities	5,405	1,402
Net deferred tax assets	$ 12,005	$ 14,484

INCOME TAXES (Details) - USD ($)	12 Months Ended
INCOME TAXES (Details) - USD ($)	Jan. 28, 2024	Jan. 29, 2023	Jan. 30, 2022
Income Tax Disclosure [Abstract]
Other Income Tax Expense (Benefit), Continuing Operations	$ 2,600,000	$ (1,500,000)	$ 3,600,000
Income Tax Expense (Benefit)	2,573,000	(1,837,000)	3,388,000
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, Tax	41,000	288,000	$ 237,000
Deferred Tax Assets Liabilities, Net AOCI	12,000,000	14,500,000
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	7,000
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	22,700,000	$ 14,400,000
Deferred Tax Assets, Operating Loss Carryforwards, Foreign	147,000
Deferred Tax Assets, Charitable Contribution Carryforwards	$ 3,200,000

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jan. 28, 2024	Jan. 29, 2023	Jan. 30, 2022
Income Statement [Abstract]
Net sales	$ 433,226	$ 583,102	$ 593,612
Cost of sales	322,705	461,056	488,508
Inventory write downs	1,829	28,752	3,402
Gross profit	108,692	93,294	101,702
Selling and administrative expenses	92,678	95,815	84,475
Trade name impairment charges	0	13	0
Intangible asset amortization	3,656	3,512	2,384
Operating income / (loss)	12,358	(6,046)	14,843
Other income, net	1,653	416	373
Interest expense, net	1,573	519	110
Income / (Loss) before income taxes	12,438	(6,149)	15,106
Income tax expense / (benefit)	2,573	(1,837)	3,388
Net income / (loss)	$ 9,865	$ (4,312)	$ 11,718
Earnings / (Loss) per share:
Basic (in Dollars per share)	$ 0.91	$ (0.37)	$ 0.99
Diluted (in Dollars per share)	$ 0.91	$ (0.37)	$ 0.97
Weighted average shares outstanding:
Basic (in Shares)	10,684	11,593	11,852
Diluted (in Shares)	10,838	11,593	11,970
Cash dividends declared per share (in Dollars per share)	$ 0.89	$ 0.82	$ 0.74

EARNINGS PER SHARE

12 Months Ended

Jan. 28, 2024

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

NOTE 16 – EARNINGS PER SHARE

We refer you to the Earnings Per Share disclosure in Note 2-Summary of Significant Accounting Policies, above, for more detailed information concerning the calculation of earnings per share.

All stock awards are designed to encourage retention and to provide an incentive for increasing shareholder value. We have issued restricted stock awards to non-employee members of the board of directors since 2006 and to certain non-executive employees since 2014. We have issued restricted stock units (“RSUs”) to certain senior executives since fiscal 2012 under the Company’s Stock Incentive Plan. Each RSU entitles an executive to receive one share of the Company’s common stock if the executive remains continuously employed with the Company through the end of a three-year service period. The RSUs may be paid in shares of our common stock, cash or both at the discretion of the Compensation Committee of our board of directors. We have issued Performance-based Restricted Stock Units (“PSUs”) to certain senior executives since fiscal 2019 under the Company’s Stock Incentive Plan. Each PSU entitles the executive officer to receive one share of our common stock based on the achievement of two specified performance conditions if the executive officer remains continuously employed through the end of the three-year performance period. One target is based on our annual average growth in our EPS over the performance period and the other target is based on EPS growth over the performance period compared to our peers. The payout or settlement of the PSUs will be made in shares of our common stock.

We expect to continue to grant these types of awards annually in the future. The following table sets forth the number of outstanding restricted stock awards and RSUs and PSUs, net of forfeitures and vested shares, as of the fiscal period-end dates indicated:

	January 28,		January 29,		January 30,
	2024		2023		2022

Restricted shares		181,785		132,304		59,500
RSUs and PSUs		139,666		100,969		77,841
		321,451		233,273		137,341

All restricted shares, RSUs and PSUs awarded that have not yet vested are considered when computing diluted earnings per share.

During fiscal 2024, we purchased and retired 620,634 shares of our common stock (at an average price of $18.79 per share) under the $20 million share repurchase authorization approved by our board of directors in fiscal 2023 and the additional $5 million share repurchase authorization approved by our board of directors in the second quarter of this year. These repurchases reduced our total outstanding shares and, consequently, reduced the weighted outstanding shares used in our calculation of earnings per share for fiscal 2024 shown below. The share repurchase program was completed during the fiscal 2024 third quarter.

The following table sets forth the computation of basic and diluted earnings per share:

	Fifty-Two Weeks Ended
	January 28,		January 29,			January 30,
	2024		2023			2022

Net income/(loss)	$	9,865	$	(4,312	)	$	11,718
Less: Dividends on unvested restricted shares		153		103			46
Net earnings allocated to unvested restricted stock		156		-			61
Earnings available for common shareholders	$	9,556	$	(4,415	)	$	11,611

Weighted average shares outstanding for basic earnings per share		10,684		11,593			11,852
Dilutive effect of unvested restricted stock awards		154	*				118
Weighted average shares outstanding for diluted earnings per share		10,838		11,593			11,970

Basic earnings/(loss) per share	$	0.91	$	(0.37	)	$	0.99

Diluted earnings/(loss) per share	$	0.91	$	(0.37	)	$	0.97

*Due to net loss in fiscal 2023, approximately 117,000 shares would have been antidilutive and are therefore excluded from the calculation of earnings per share, respectively.

EXIT AND RESTRUCTURING CHARGES (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jan. 29, 2023	Jan. 28, 2024	Jan. 29, 2023	Jan. 30, 2022
Disclosure Text Block Supplement [Abstract]
Inventory Write-down	$ 24,400	$ 1,829	$ 28,752	$ 3,402

COMMITMENTS, CONTINGENCIES AND OFF-BALANCE SHEET ARRANGEMENTS (Details) $ in Millions	Jan. 28, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Letters of Credit Outstanding, Amount	$ 6.7

LEASES (Details) - Schedule of Right-of-Use Assets and Lease Liabilities - USD ($) $ in Thousands	Jan. 28, 2024	Jan. 29, 2023
LEASES (Details) - Schedule of Right-of-Use Assets and Lease Liabilities [Line Items]
Operating Lease, Right-of-Use Asset	$ 50,801	$ 68,949
Current portion of operating lease liabilities	6,964	7,316
Long term operating lease liabilities	46,414	63,762
Total operating lease liabilities	53,378	71,078
Real Estate [Member]
LEASES (Details) - Schedule of Right-of-Use Assets and Lease Liabilities [Line Items]
Operating Lease, Right-of-Use Asset	49,968	68,212
Property, Plant and Equipment [Member]
LEASES (Details) - Schedule of Right-of-Use Assets and Lease Liabilities [Line Items]
Operating Lease, Right-of-Use Asset	$ 833	$ 737

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Jan. 28, 2024	Jan. 29, 2023	Jul. 30, 2023
Earnings Per Share [Abstract]
Stock Repurchased and Retired During Period, Shares	620,634
Share Price	$ 18.79
Stock Repurchase Program, Authorized Amount	$ 20		$ 5
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		117,000

PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Jan. 28, 2024

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 8 – PROPERTY, PLANT AND EQUIPMENT

	Depreciable Lives	January 28,			January 29,
	(In years)	2024			2023

Buildings and land improvements	15 - 30	$	33,785		$	32,723
Computer software and hardware	3 - 10		8,994			15,887
Machinery and equipment	10		11,708			11,013
Leasehold improvements	Term of lease		12,436			11,894
Furniture and fixtures	3 - 8		7,256			5,991
Other	5		698			694
Total depreciable property at cost			74,877			78,202
Less accumulated depreciation			(47,700	)		(53,427	)
Total depreciable property, net			27,177			24,775
Land			1,077			1,077
Construction-in-progress			888			1,158
Property, plant and equipment, net		$	29,142		$	27,010

Depreciation expenses for fiscal 2024, 2023, and 2022 were $4.9 million, $5.3 million, and $5.4 million, respectively.

Capitalized Software Costs

Certain costs incurred in connection with developing or obtaining computer software for internal use are capitalized. These costs are amortized over periods of ten years or less. Capitalized software is reported as a component of computer software and hardware above and on the property, plant, and equipment line of our consolidated balance sheets. The activity in capitalized software costs was:

	Fifty-Two Weeks Ended
	January 28,			January 29,			January 30,
	2024			2023			2022
Balance beginning of year	$	1,348		$	2,223		$	3,211
Additions		33			-			65
Amortization expense		(400	)		(875	)		(1,053	)
Disposals		(889	)		-			-
Balance end of year	$	92		$	1,348		$	2,223

SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Jan. 28, 2024

Restricted Stock [Member]

SHARE-BASED COMPENSATION (Tables) [Line Items]

Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]

For each restricted stock issuance, the following table summarizes restricted stock activity, including the weighted average issue price of those shares on the grant date, the fair value of each grant of restricted stock on the grant date, compensation expense recognized for the unvested shares of restricted stock for each grant and the remaining fair value of the unvested shares of restricted stock for each grant as of January 28, 2024:

	Whole			Grant-Date		Aggregate			Compensation		Grant-Date Fair Value
	Number of			Fair Value		Grant-Date			Expense		Unrecognized At
	Shares			Per Share		Fair Value			Recognized		January 28, 2024

Restricted shares Issued on April 8, 2021		16,613		$	37.20	$	618		$	317	$	19
Forfeited		(7,576	)				(282	)

Restricted shares Issued on January 31, 2022		22,534			22.19		500			260		130
Forfeited		(4,958	)				(110	)

Restricted shares Issued on April 11, 2022		64,518			18.26		1,178			636		405
Forfeited		(7,524	)				(137	)

Restricted shares Issued on April 10, 2023		67,537			18.73		1,265			351		914

Restricted shares Issued on May 5, 2023		3,311			15.10		50			12		37

Restricted shares Issued on June 9, 2023		23,796			17.65		420			280		140

Restricted shares Issued on July 24, 2023		3,534			21.22		75			15		60

Awards outstanding at January 28, 2024:		181,785				$	3,577		$	1,872	$	1,705

Restricted Stock Units (RSUs) [Member]

SHARE-BASED COMPENSATION (Tables) [Line Items]

Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]

The following table presents RSU activities for the year ended January 28, 2024:

	Whole			Grant-Date		Aggregate			Compensation		Grant-Date Fair Value
	Number of			Fair Value		Grant-Date			Expense		Unrecognized At
	Units			Per Unit		Fair Value			Recognized		January 28, 2024
RSUs Awarded on April 8, 2021		8,186		$	35.05	$	287		$	209	$	12
Forfeited		(1,882	)				(66	)

RSUs for retention Awarded on April 8, 2021		4,865			35.05		171			108		6
Forfeited		(1,613	)				(57	)

RSUs Awarded on April 11, 2022		19,157			15.86		304			186		118

RSUs Awarded on April 10, 2023		18,676			16.19		302			84		218

Awards outstanding at January 28, 2024:		47,389				$	941		$	586	$	355

Performance Shares [Member]

SHARE-BASED COMPENSATION (Tables) [Line Items]

Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]

We have issued Performance-based Restricted Stock Units (“PSUs”) to our named executive officers since fiscal 2019 under the Company’s Stock Incentive Plan. Each PSU entitles the executive officer to receive one share of our common stock based on the achievement of two specified performance conditions if the executive officer remains continuously employed through the end of the three-year performance period. One target is based on our annual average growth in our EPS over the performance period and the other target is based on EPS growth over the performance period compared to our peers. The payout or settlement of the PSUs will be made in shares of our common stock. PSUs awarded in fiscal 2022 were forfeited as the performance targets were not met. The following table presents PSU activities for the year ended January 28, 2024:

	Whole		Grant-Date		Aggregate		Compensation		Grant-Date Fair Value
	Number of		Fair Value		Grant-Date		Expense		Unrecognized At
	Units		Per Unit		Fair Value		Recognized		January 28, 2024

PSUs Awarded on April 11, 2022		46,725	$	18.26	$	853	$	569	$	284

PSUs Awarded on April 10, 2023		45,552		18.73		853		284		569

Awards outstanding at January 28, 2024:		92,277			$	1,706	$	853	$	853

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Jan. 28, 2024	Jan. 29, 2023	Jan. 30, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ 9,865	$ (4,312)	$ 11,718

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Insider Trading Arrangements	12 Months Ended
Insider Trading Arrangements	Jan. 28, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

FAIR VALUE MEASUREMENTS (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis - USD ($) $ in Thousands	Jan. 28, 2024	Jan. 29, 2023
Assets measured at fair value
Company-owned life insurance	$ 28,528	$ 27,576
Fair Value, Inputs, Level 1 [Member]
Assets measured at fair value
Company-owned life insurance	0	0
Fair Value, Inputs, Level 2 [Member]
Assets measured at fair value
Company-owned life insurance	28,528	27,576
Fair Value, Inputs, Level 3 [Member]
Assets measured at fair value
Company-owned life insurance	$ 0	$ 0

INTANGIBLE ASSETS AND GOODWILL (Details) - Finite-lived Intangible Assets Amortization Expense $ in Thousands	Jan. 28, 2024 USD ($)
Finite Lived Intangible Assets Amortization Expense Abstract
2025	$ 3,685
2026	3,528
2027	3,487
2028	2,178
2029	2,178
2030 and thereafter	5,555
Finite-Lived Intangible Assets, Net	$ 20,611

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 28, 2024	Jan. 29, 2023	Jan. 30, 2022
PROPERTY, PLANT AND EQUIPMENT (Details) [Line Items]
Depreciation	$ 4.9	$ 5.3	$ 5.4
Computer Software and Hardware [Member]
PROPERTY, PLANT AND EQUIPMENT (Details) [Line Items]
Property, Plant and Equipment, Useful Life	10 years

SEGMENT INFORMATION (Details) - Segment Reporting Information - USD ($) $ in Thousands	12 Months Ended
	Jan. 28, 2024	Jan. 29, 2023	Jan. 30, 2022
Segment Reporting Information [Line Items]
Net Sales	$ 433,226	$ 583,102	$ 593,612
% of Net Sales	100.00%	100.00%	100.00%
Gross Profit/(Loss)
Gross Profit	$ 108,692	$ 93,294	$ 101,702
% of Net Sales, Gross Profit	25.10%	16.00%	17.10%
Operating Income/(Loss)
Operating Income	$ 12,358	$ (6,046)	$ 14,843
% of Net Sales, Operating Income	2.90%	(1.00%)	2.50%
Capital Expenditures
Capital Expenditures	$ 6,815	$ 4,199	$ 6,692
Depreciation & Amortization
Depreciation & Amortization	8,956	8,829	7,814
Hooker Branded [Member]
Segment Reporting Information [Line Items]
Net Sales	$ 156,590	$ 205,935	$ 200,945
% of Net Sales	36.20%	35.30%	33.80%
Gross Profit/(Loss)
Gross Profit	$ 57,671	$ 60,871	$ 63,333
% of Net Sales, Gross Profit	36.80%	29.60%	31.50%
Operating Income/(Loss)
Operating Income	$ 16,844	$ 22,030	$ 30,705
% of Net Sales, Operating Income	10.80%	10.70%	15.30%
Capital Expenditures
Capital Expenditures	$ 4,185	$ 1,813	$ 558
Depreciation & Amortization
Depreciation & Amortization	2,268	2,092	2,530
Home Meridian International [Member]
Segment Reporting Information [Line Items]
Net Sales	$ 143,538	$ 216,338	$ 278,902
% of Net Sales	33.10%	37.10%	47.00%
Gross Profit/(Loss)
Gross Profit	$ 24,367	$ (2,620)	$ 15,213
% of Net Sales, Gross Profit	17.00%	(1.20%)	5.50%
Operating Income/(Loss)
Operating Income	$ (5,530)	$ (37,181)	$ (21,260)
% of Net Sales, Operating Income	(3.90%)	(17.20%)	(7.60%)
Capital Expenditures
Capital Expenditures	$ 1,679	$ 1,280	$ 4,829
Depreciation & Amortization
Depreciation & Amortization	2,689	2,899	2,594
Upholstery [Member]
Segment Reporting Information [Line Items]
Net Sales	$ 126,827	$ 156,717	$ 106,827
% of Net Sales	29.30%	26.90%	18.00%
Gross Profit/(Loss)
Gross Profit	$ 24,048	$ 32,633	$ 20,860
% of Net Sales, Gross Profit	19.00%	20.80%	19.50%
Operating Income/(Loss)
Operating Income	$ 1,131	$ 8,871	$ 4,675
% of Net Sales, Operating Income	0.90%	5.70%	4.40%
Capital Expenditures
Capital Expenditures	$ 860	$ 1,106	$ 1,295
Depreciation & Amortization
Depreciation & Amortization	3,972	3,827	2,678
Other Segments [Member]
Segment Reporting Information [Line Items]
Net Sales	$ 6,271	$ 4,112	$ 6,938
% of Net Sales	1.40%	0.70%	1.20%
Gross Profit/(Loss)
Gross Profit	$ 2,606	$ 2,410	$ 2,296
% of Net Sales, Gross Profit	41.50%	58.60%	33.10%
Operating Income/(Loss)
Operating Income	$ (87)	$ 234	$ 723
% of Net Sales, Operating Income	(1.40%)	5.70%	10.40%
Capital Expenditures
Capital Expenditures	$ 91	$ 0	$ 10
Depreciation & Amortization
Depreciation & Amortization	$ 27	$ 11	$ 12

EARNINGS PER SHARE (Tables)

12 Months Ended

Jan. 28, 2024

Earnings Per Share [Abstract]

Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]

	January 28,		January 29,		January 30,
	2024		2023		2022

Restricted shares		181,785		132,304		59,500
RSUs and PSUs		139,666		100,969		77,841
		321,451		233,273		137,341

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The following table sets forth the computation of basic and diluted earnings per share:

	Fifty-Two Weeks Ended
	January 28,		January 29,			January 30,
	2024		2023			2022

Net income/(loss)	$	9,865	$	(4,312	)	$	11,718
Less: Dividends on unvested restricted shares		153		103			46
Net earnings allocated to unvested restricted stock		156		-			61
Earnings available for common shareholders	$	9,556	$	(4,415	)	$	11,611

Weighted average shares outstanding for basic earnings per share		10,684		11,593			11,852
Dilutive effect of unvested restricted stock awards		154	*				118
Weighted average shares outstanding for diluted earnings per share		10,838		11,593			11,970

Basic earnings/(loss) per share	$	0.91	$	(0.37	)	$	0.99

Diluted earnings/(loss) per share	$	0.91	$	(0.37	)	$	0.97

*Due to net loss in fiscal 2023, approximately 117,000 shares would have been antidilutive and are therefore excluded from the calculation of earnings per share, respectively.

ACQUISITION (Details) - Schedule of Business Acquisitions, by Acquisition - Sunset HWM, LLC [Member] $ in Thousands	12 Months Ended
	Jan. 29, 2023 USD ($)
Business Acquisition [Line Items]
Cash paid for assets acquired	$ 23,909
Cash received from the seller for final working capital adjustment	(639)
Escrow	2,003
Fair value of earnout	766
Total purchase price	26,039
Accounts receivable	1,560
Inventory	2,577
Prepaid expenses and other current assets	90
Property	7
Intangible assets	11,451
Goodwill	14,462
Customer deposits	(3,276)
Accounts payable	(816)
Accrued expenses	(16)
Total purchase price	$ 26,039

LEASES (Tables)

12 Months Ended

Jan. 28, 2024

Disclosure Text Block [Abstract]

Lease, Cost [Table Text Block]

The components of lease cost and supplemental cash flow information for leases in fiscal 2024, 2023 and 2022 were:

	Fifty-two Weeks Ended
	January 28, 2024		January 29, 2023		January 30, 2022
Operating lease cost	$	10,912	$	9,908	$	8,144
Variable lease cost		248		234		208
Short-term lease cost		399		327		117
Total operating lease cost	$	11,559	$	10,469	$	8,469

Operating cash outflows	$	10,537	$	10,527	$	7,730

Schedule of Right-of-Use Assets and Lease Liabilities [Table Text Block]

The right-of-use assets and lease liabilities recorded on our Consolidated Balance Sheets as of January 28, 2024 and January 29, 2023 were:

	January 28, 2024		January 29, 2023
Real estate	$	49,968	$	68,212
Property and equipment		833		737
Total operating leases right-of-use assets	$	50,801	$	68,949


Current portion of operating lease liabilities	$	6,964	$	7,316
Long term operating lease liabilities		46,414		63,762
Total operating lease liabilities	$	53,378	$	71,078

Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]

The following table reconciles the undiscounted future lease payments for operating leases to the operating lease liabilities recorded in the consolidated balance sheet at January 28, 2024:

Fiscal Year	Undiscounted Future Operating Lease Payments
2025	$	9,530
2026		9,589
2027		9,428
2028		7,803
2029		7,275
2030 and thereafter		20,982
Total lease payments	$	64,607
Less: impact of discounting		(11,229	)
Present value of lease payments	$	53,378

RELATED PARTY TRANSACTIONS (Details) - Shenandoah Furniture, Inc, [Member]	12 Months Ended
	Jan. 28, 2024
RELATED PARTY TRANSACTIONS (Details) [Line Items]
Number of Leases with Related Parties	4
Related Party Transaction, Description of Transaction	One of our employees has an ownership interest in the entities that own these properties.
Lessee, Operating Lease, Renewal Term	7 years

- Definition

A description of the related party transaction, including transactions to which no amounts or nominal amounts were ascribed and such other information deemed necessary to an understanding of the effects of the transactions on the financial statements. Examples of common related party transactions are, sales, purchases and transfers of realty and personal property, services received or furnished, loans and leases to and from top management and affiliates.

+ References + Details

SUBSEQUENT EVENTS (Details) - Subsequent Event [Member]	Mar. 04, 2024 $ / shares
SUBSEQUENT EVENTS (Details) [Line Items]
Dividends Payable, Date Declared	Mar. 04, 2024
Dividends Payable, Date to be Paid	Mar. 29, 2024
Common Stock, Dividends, Per Share, Declared	$ 0.23
Dividends Payable, Date of Record	Mar. 18, 2024

COMMITMENTS, CONTINGENCIES AND OFF-BALANCE SHEET ARRANGEMENTS

12 Months Ended

Jan. 28, 2024

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

NOTE 19 – COMMITMENTS, CONTINGENCIES AND OFF-BALANCE SHEET ARRANGEMENTS

Commitments and Off-Balance Sheet Arrangements

We had letters of credit outstanding totaling $6.7 million on January 28, 2024. We utilize letters of credit to collateralize certain imported inventory purchases and certain insurance arrangements.

In the ordinary course of our business, we may become involved in legal proceedings involving contractual and employment relationships, product liability claims, intellectual property rights and a variety of other matters. We do not believe that any pending legal proceedings will have a material impact on our financial position or results of operations.

Our business is subject to a number of significant risks and uncertainties, including our reliance on offshore sourcing, any of which can adversely affect our business, results of operations, financial condition or future prospects.

PROPERTY, PLANT AND EQUIPMENT (Tables)

12 Months Ended

Jan. 28, 2024

PROPERTY, PLANT AND EQUIPMENT (Tables) [Line Items]

Property, Plant and Equipment [Table Text Block]

	Depreciable Lives	January 28,			January 29,
	(In years)	2024			2023

Buildings and land improvements	15 - 30	$	33,785		$	32,723
Computer software and hardware	3 - 10		8,994			15,887
Machinery and equipment	10		11,708			11,013
Leasehold improvements	Term of lease		12,436			11,894
Furniture and fixtures	3 - 8		7,256			5,991
Other	5		698			694
Total depreciable property at cost			74,877			78,202
Less accumulated depreciation			(47,700	)		(53,427	)
Total depreciable property, net			27,177			24,775
Land			1,077			1,077
Construction-in-progress			888			1,158
Property, plant and equipment, net		$	29,142		$	27,010

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]

The capitalized implementation costs at January 28, 2024 and January 29, 2023 were as follows:

	January 28, 2024					January 29, 2023
	Gross carrying amount		Accumulated amortization			Gross carrying amount		Accumulated amortization
Implementation Costs		13,736		(414	)		8,610		(12	)
Interest Expenses		357		(8	)		84		(0	)

Computer Software and Hardware [Member]

PROPERTY, PLANT AND EQUIPMENT (Tables) [Line Items]

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]

	Fifty-Two Weeks Ended
	January 28,			January 29,			January 30,
	2024			2023			2022
Balance beginning of year	$	1,348		$	2,223		$	3,211
Additions		33			-			65
Amortization expense		(400	)		(875	)		(1,053	)
Disposals		(889	)		-			-
Balance end of year	$	92		$	1,348		$	2,223

ACCOUNTS RECEIVABLE (Details) - Schedule of Accounts, Notes, Loans and Financing Receivable - USD ($) $ in Thousands	Jan. 28, 2024	Jan. 29, 2023	Jan. 30, 2022	Jan. 31, 2021
Schedule Of Accounts Notes Loans And Financing Receivable Abstract
Gross accounts receivable	$ 54,897	$ 67,600
Customer allowances	(1,800)	(3,702)	$ (7,284)	$ (6,993)
Allowance for doubtful accounts	(1,817)	(1,769)	$ (2,016)	$ (2,338)
Trade accounts receivable	$ 51,280	$ 62,129

FISCAL YEAR

12 Months Ended

Jan. 28, 2024

Accounting Policies [Abstract]

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

NOTE 2 - FISCAL YEAR

Our fiscal years end on the Sunday closest to January 31. In some years, generally once every six years, the fourth quarter will be fourteen weeks long and the fiscal year will consist of fifty-three weeks. Our quarterly periods are based on thirteen-week “reporting periods,” which end on Sundays. As a result, each quarterly period generally will be thirteen weeks, or 91 days long, except during a 53-week fiscal year which will have 14 weeks in the fourth quarter.

In the notes to the consolidated financial statements, references to the:

■

2024 fiscal year and comparable terminology mean the fiscal year that began January 30, 2023 and ended January 28, 2024;

■

2023 fiscal year and comparable terminology mean the fiscal year that began January 31, 2022 and ended January 29, 2023;

■

2022 fiscal year and comparable terminology mean the fiscal year that began February 1, 2021 and ended January 30, 2022.

LEASES

12 Months Ended

Jan. 28, 2024

Disclosure Text Block [Abstract]

Lessee, Operating Leases [Text Block]

NOTE 12 – LEASES

In fiscal 2020, we adopted Accounting Standards Codification Topic 842 Leases. See “Leases” under Note 1 for a discussion of our accounting policies and elections under Topic 842. We have a sub-lease at one of our warehouses and we recognized sub-lease income of $146,000, $445,000, and $890,000 in fiscal 2024, fiscal 2023, and fiscal 2022, respectively.

The components of lease cost and supplemental cash flow information for leases in fiscal 2024, 2023 and 2022 were:

	Fifty-two Weeks Ended
	January 28, 2024		January 29, 2023		January 30, 2022
Operating lease cost	$	10,912	$	9,908	$	8,144
Variable lease cost		248		234		208
Short-term lease cost		399		327		117
Total operating lease cost	$	11,559	$	10,469	$	8,469

Operating cash outflows	$	10,537	$	10,527	$	7,730

During the fiscal 2024 second quarter, we reduced our footprint by 200,000 square feet in the Georgia warehouse. During the third quarter, we entered into an agreement to further reduce our footprint by 200,000 square feet by early calendar 2024. These modifications resulted in an approximate $13 million decrease in the lease right-of-use assets and liabilities. The right-of-use assets and lease liabilities recorded on our Consolidated Balance Sheets as of January 28, 2024 and January 29, 2023 were:

	January 28, 2024		January 29, 2023
Real estate	$	49,968	$	68,212
Property and equipment		833		737
Total operating leases right-of-use assets	$	50,801	$	68,949


Current portion of operating lease liabilities	$	6,964	$	7,316
Long term operating lease liabilities		46,414		63,762
Total operating lease liabilities	$	53,378	$	71,078

The weighted-average discount rate is 5.15%. The weighted-average remaining lease term is 7.0 years.

The following table reconciles the undiscounted future lease payments for operating leases to the operating lease liabilities recorded in the consolidated balance sheet at January 28, 2024:

Fiscal Year	Undiscounted Future Operating Lease Payments
2025	$	9,530
2026		9,589
2027		9,428
2028		7,803
2029		7,275
2030 and thereafter		20,982
Total lease payments	$	64,607
Less: impact of discounting		(11,229	)
Present value of lease payments	$	53,378

ACQUISITION

12 Months Ended

Jan. 28, 2024

Business Combinations [Abstract]

Business Combination Disclosure [Text Block]

NOTE 4 – ACQUISITION

On January 31, 2022, the first day of our 2023 fiscal year, we entered into an Asset Purchase Agreement (the “Asset Purchase Agreement”) with Sunset HWM, LLC (“Sunset West”) and its three members to acquire substantially all the assets of Sunset West (the “Sunset Acquisition”). Simultaneously, we closed on the transaction by paying $23.9 million in cash and $2 million subject to an escrow arrangement and possible earn-out payments to the Sunset West Members up to an aggregate of $4 million with the closing cash consideration subject to adjustment for customary working capital estimates. In the fourth quarter of fiscal 2023, we received $639,000 from the seller for the final working capital adjustments. Under the Asset Purchase Agreement, the Company also assumed specified liabilities of Sunset West.

In accordance with FASB Accounting Standards Codification Topic 805, “Business Combinations” (“ASC 805”), the Sunset Acquisition has been accounted for using the acquisition method of accounting. We recorded assets acquired, including identifiable intangible assets, and liabilities assumed, from Sunset West at their respective fair values at the date of completion of the Sunset Acquisition. The excess of the purchase price over the net fair value of such assets and liabilities was recorded as goodwill.

The following table summarizes the fair values of the identifiable assets acquired and liabilities assumed in the Sunset Acquisition as of January 29, 2023.

Fair Value Estimates of Assets Acquired and Liabilities Assumed

The consideration and components of our initial fair value allocation of the purchase price paid at closing and in the subsequent net working capital adjustment consisted of the following:

Purchase price consideration

Fair value estimates of assets acquired and liabilities assumed
Purchase price consideration
Cash paid for assets acquired	$	23,909
Cash received from the seller for final working capital adjustment		(639	)
Escrow		2,003
Fair value of earnout		766
Total purchase price	$	26,039

Accounts receivable	$	1,560
Inventory		2,577
Prepaid expenses and other current assets		90
Property		7
Intangible assets		11,451
Goodwill		14,462
Customer deposits		(3,276	)
Accounts payable		(816	)
Accrued expenses		(16	)
Total purchase price	$	26,039

Property was recorded at fair value and primarily consists of machinery and equipment. Property and equipment will be amortized over their estimated useful lives.

Goodwill is calculated as the excess of the purchase price over the net assets acquired. The goodwill recognized is attributable to growth opportunities and expected synergies. All goodwill is expected to be deductible for income tax purposes.

Intangible assets, consist of two separately identified assets:

■

Sunset West customer relationships, which are definite-lived intangible assets with an aggregate fair value of $10.4 million. The customer relationships are amortizable and will be amortized over a period of 10 years; and

■

The Sunset West trade name, which is definite-lived intangible asset with fair value of $1.1 million. The trade name is amortizable and will be amortized over a period of 12 years.

■

The total weighted average amortization period for these assets is 10.2 years.

We incurred Sunset Acquisition-related costs of $414,000 in fiscal 2022 and $69,000 in fiscal 2023. These expenses were recorded as a component of selling and administrative expenses in our fiscal 2022 and fiscal 2023 consolidated statements of operations. Sunset West’s results are included in the Domestic Upholstery segment’s results beginning with the fiscal 2023 first quarter, which include $27 million in net sales and $683,000 of operating income, including $1.1 million in intangible amortization expense for the fiscal 2023.

Results of operations starting from the date of acquisition of Sunset West have been included in our Consolidated Financial Statements for the year ended January 29, 2023. The Sunset West acquisition is not material to our Consolidated Financial Statements, and therefore, supplemental pro forma financial information for the year ended January 29, 2023 and the respective prior year periods related to the acquisition is not included herein.

SHARE-BASED COMPENSATION (Details) - Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity - Restricted Stock [Member] - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands								12 Months Ended
	Jul. 24, 2023	Jun. 09, 2023	May 05, 2023	Apr. 10, 2023	Apr. 11, 2022	Jan. 31, 2022	Apr. 08, 2021	Jan. 28, 2024
SHARE-BASED COMPENSATION (Details) - Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Line Items]
Grant-Date Fair Value Per Share, Restricted shares Issued (in Dollars per share)	$ 21.22	$ 17.65	$ 15.1	$ 18.73	$ 18.26	$ 22.19	$ 37.2
Whole Number of Shares, Balance (in Shares)								181,785
Aggregate Grant-Date Fair Value, Balance								$ 3,577
Compensation Expense Recognized, Balance								1,872
Grant-Date Fair Value Unrecognized, Balance								$ 1,705
Whole Number of Shares, Forfeited (in Shares)					(7,524)	(4,958)	(7,576)
Aggregate Grant-Date Fair Value, Forfeited					$ (137)	$ (110)	$ (282)
April 8, 2021 [Member]
SHARE-BASED COMPENSATION (Details) - Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Line Items]
Whole Number of Shares, Restricted shares Issued (in Shares)							16,613
Grant-Date Fair Value Per Share, Restricted shares Issued (in Dollars per share)							$ 37.2
Aggregate Grant-Date Fair Value, Restricted shares Issued							$ 618
Compensation Expense Recognized, Restricted shares Issued							317
Grant-Date Fair Value Unrecognized, Restricted shares Issued							$ 19
January 31, 2022 [Member]
SHARE-BASED COMPENSATION (Details) - Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Line Items]
Whole Number of Shares, Restricted shares Issued (in Shares)						22,534
Grant-Date Fair Value Per Share, Restricted shares Issued (in Dollars per share)						$ 22.19
Aggregate Grant-Date Fair Value, Restricted shares Issued						$ 500
Compensation Expense Recognized, Restricted shares Issued						260
Grant-Date Fair Value Unrecognized, Restricted shares Issued						$ 130
April 11, 2022 [Member]
SHARE-BASED COMPENSATION (Details) - Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Line Items]
Whole Number of Shares, Restricted shares Issued (in Shares)					64,518
Grant-Date Fair Value Per Share, Restricted shares Issued (in Dollars per share)					$ 18.26
Aggregate Grant-Date Fair Value, Restricted shares Issued					$ 1,178
Compensation Expense Recognized, Restricted shares Issued					636
Grant-Date Fair Value Unrecognized, Restricted shares Issued					$ 405
April 10, 2023 [Member]
SHARE-BASED COMPENSATION (Details) - Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Line Items]
Whole Number of Shares, Restricted shares Issued (in Shares)				67,537
Grant-Date Fair Value Per Share, Restricted shares Issued (in Dollars per share)				$ 18.73
Aggregate Grant-Date Fair Value, Restricted shares Issued				$ 1,265
Compensation Expense Recognized, Restricted shares Issued				351
Grant-Date Fair Value Unrecognized, Restricted shares Issued				$ 914
May 5, 2023 [Member]
SHARE-BASED COMPENSATION (Details) - Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Line Items]
Whole Number of Shares, Restricted shares Issued (in Shares)			3,311
Grant-Date Fair Value Per Share, Restricted shares Issued (in Dollars per share)			$ 15.1
Aggregate Grant-Date Fair Value, Restricted shares Issued			$ 50
Compensation Expense Recognized, Restricted shares Issued			12
Grant-Date Fair Value Unrecognized, Restricted shares Issued			$ 37
June 9, 2023 [Member]
SHARE-BASED COMPENSATION (Details) - Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Line Items]
Whole Number of Shares, Restricted shares Issued (in Shares)		23,796
Grant-Date Fair Value Per Share, Restricted shares Issued (in Dollars per share)		$ 17.65
Aggregate Grant-Date Fair Value, Restricted shares Issued		$ 420
Compensation Expense Recognized, Restricted shares Issued		280
Grant-Date Fair Value Unrecognized, Restricted shares Issued		$ 140
July 24, 2023 [Member]
SHARE-BASED COMPENSATION (Details) - Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Line Items]
Whole Number of Shares, Restricted shares Issued (in Shares)	3,534
Grant-Date Fair Value Per Share, Restricted shares Issued (in Dollars per share)	$ 21.22
Aggregate Grant-Date Fair Value, Restricted shares Issued	$ 75
Compensation Expense Recognized, Restricted shares Issued	15
Grant-Date Fair Value Unrecognized, Restricted shares Issued	$ 60

EMPLOYEE BENEFIT PLANS (Details) - Schedule of Expected Benefit Payments - Pension Plan [Member] $ in Thousands	Jan. 28, 2024 USD ($)
Estimated Future Benefit Payments:
Fiscal 2025	$ 155
Fiscal 2026	149
Fiscal 2027	142
Fiscal 2028	135
Fiscal 2029	127
Fiscal 2030 through fiscal 2034	$ 504

INVENTORIES (Details) - USD ($)	Jan. 28, 2024	Jan. 29, 2023
INVENTORIES (Details) [Line Items]
Inventory, Finished Goods, Gross	$ 75,354,000	$ 115,015,000
China and Vietnam [Member]
INVENTORIES (Details) [Line Items]
Other Inventory, Inventory at off Site Premises, Gross	4,100,000	12,300,000
Finished Furniture, Consigned Inventories [Member]
INVENTORIES (Details) [Line Items]
Inventory, Finished Goods, Gross	$ 198,000	$ 2,400,000

ACQUISITION (Tables)

12 Months Ended

Jan. 28, 2024

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

Purchase price consideration

Fair value estimates of assets acquired and liabilities assumed
Purchase price consideration
Cash paid for assets acquired	$	23,909
Cash received from the seller for final working capital adjustment		(639	)
Escrow		2,003
Fair value of earnout		766
Total purchase price	$	26,039

Accounts receivable	$	1,560
Inventory		2,577
Prepaid expenses and other current assets		90
Property		7
Intangible assets		11,451
Goodwill		14,462
Customer deposits		(3,276	)
Accounts payable		(816	)
Accrued expenses		(16	)
Total purchase price	$	26,039

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Parentheticals) - USD ($) $ in Thousands	12 Months Ended
	Jan. 28, 2024	Jan. 29, 2023	Jan. 30, 2022
Statement of Stockholders' Equity [Abstract]
Actuarial adjustments on defined benefit plan, tax	$ (41)	$ 288	$ 237
Cash dividends paid and accrued, per share	$ 0.89	$ 0.82	$ 0.74
Unrealized gain on defined benefit plan, tax	$ 41	$ (288)	$ (237)

SEGMENT INFORMATION (Details) - Assets from Segments to Consolidated - USD ($) $ in Thousands	Jan. 28, 2024	Jan. 29, 2023
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	$ 299,928	$ 334,985
% Total Assets	100.00%	100.00%
Consolidated Goodwill and Intangibles	$ 43,658	$ 46,731
Total Consolidated Assets	343,586	381,716
Hooker Branded [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	$ 168,832	$ 174,523
% Total Assets	56.30%	52.10%
Home Meridian International [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	$ 58,799	$ 92,469
% Total Assets	19.60%	27.60%
Upholstery [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	$ 67,230	$ 66,435
% Total Assets	22.40%	19.80%
Other Segments [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	$ 5,067	$ 1,558
% Total Assets	1.70%	0.50%

- Definition

Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (bb)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481203/810-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 25
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481231/810-10-45-25

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481687/323-10-50-3

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
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+ Details

DOUBTFUL ACCOUNTS AND CUSTOMER ALLOWANCES (Tables)

12 Months Ended

Jan. 28, 2024

Disclosure Text Block Supplement [Abstract]

Allowance for Doubtful Accounts and Other Accounts Receivable Allowances [Table Text Block]

The activity in the allowance for doubtful accounts was:

	Fifty-Two Weeks Ended
	January 28,			January 29,			January 30,
	2024			2023			2022
Balance at beginning of year	$	1,769		$	2,016		$	2,338
Non-cash charges to cost and expenses		(157	)		109			(76	)
Increase / (decrease) in allowance, net of recoveries		205			(356	)		(246	)
Balance at end of year	$	1,817		$	1,769		$	2,016

	Fifty-Two Weeks Ended
	January 28,			January 29,			January 30,
	2024			2023			2022
Balance at beginning of year	$	3,702		$	7,284		$	6,993
Charges to cost and expenses		8,376			11,983			23,766
Less allowances applied		(10,541	)		(15,364	)		(23,305	)
Increase / (decrease) in allowance, net of recoveries		263			(201	)		(170	)
Balance at end of year	$	1,800		$	3,702		$	7,284

EARNINGS PER SHARE (Details) - Schedule of Earnings Per Share, Basic and Diluted - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands

12 Months Ended

Jan. 28, 2024

Jan. 29, 2023

Jan. 30, 2022

Schedule Of Earnings Per Share Basic And Diluted Abstract

Net income/(loss)

$ 9,865

$ (4,312)

$ 11,718

Less: Dividends on unvested restricted shares

153

103

Net earnings allocated to unvested restricted stock

156

Earnings available for common shareholders

$ 9,556

$ (4,415)

$ 11,611

Weighted average shares outstanding for basic earnings per share (in Shares)

10,684

11,593

11,852

Dilutive effect of unvested restricted stock awards (in Shares)

154

^[1]

118

Weighted average shares outstanding for diluted earnings per share (in Shares)

10,838

11,593

11,970

Basic earnings/(loss) per share (in Dollars per share)

$ 0.91

$ (0.37)

$ 0.99

Diluted earnings/(loss) per share (in Dollars per share)

$ 0.91

$ (0.37)

$ 0.97

[1]	Due to net loss in fiscal 2023, approximately 117,000 shares would have been antidilutive and are therefore excluded from the calculation of earnings per share, respectively.

FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Jan. 28, 2024

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

Our assets measured at fair value on a recurring basis at January 28, 2024 and January 29, 2023 were as follows:

	Fair value at January 28, 2024								Fair value at January 29, 2023
Description	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
	(In thousands)
Assets measured at fair value
Company-owned life insurance	$	-	$	28,528	$	-	$	28,528	$	-	$	27,576	$	-	$	27,576

ACCOUNTS RECEIVABLE (Tables)

12 Months Ended

Jan. 28, 2024

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

	January 28,			January 29,
	2024			2023

Gross accounts receivable	$	54,897		$	67,600
Customer allowances		(1,800	)		(3,702	)
Allowance for doubtful accounts		(1,817	)		(1,769	)
Trade accounts receivable	$	51,280		$	62,129

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance at Jan. 31, 2021	$ 53,323	$ 204,988	$ (808)	$ 257,503
Balance (in Shares) at Jan. 31, 2021	11,888,000
Net Income (Loss)		11,718		11,718
Actuarial adjustments on defined benefit plan, net of tax			757	757
Cash dividends paid and accrued		(8,822)		(8,822)
Restricted stock grants, net of forfeitures	$ (126)			(126)
Restricted stock grants, net of forfeitures (in Shares)	34,000
Restricted stock compensation cost	$ 1,074			1,074
Performance-based restricted stock units cost	502			502
PSU awards	(1,478)			(1,478)
Balance at Jan. 30, 2022	$ 53,295	207,884	(51)	261,128
Balance (in Shares) at Jan. 30, 2022	11,922,000
Net Income (Loss)		(4,312)		(4,312)
Actuarial adjustments on defined benefit plan, net of tax			916	916
Cash dividends paid and accrued		(9,602)		(9,602)
Purchase and retirement of common stock	$ (3,770)	(9,584)		(13,354)
Purchase and retirement of common stock (in Shares)	(820,000)
Restricted stock grants, net of forfeitures	$ (101)			(101)
Restricted stock grants, net of forfeitures (in Shares)	95,000
Restricted stock compensation cost	$ 1,266			1,266
Performance-based restricted stock units cost	606			606
PSU awards	(526)			(526)
Balance at Jan. 29, 2023	$ 50,770	184,386	865	$ 236,021
Balance (in Shares) at Jan. 29, 2023	11,197,000			11,197,000
Net Income (Loss)		9,865		$ 9,865
Actuarial adjustments on defined benefit plan, net of tax			(131)	(131)
Cash dividends paid and accrued		(9,682)		(9,682)
Purchase and retirement of common stock	$ (2,952)	(8,852)		$ (11,804)
Purchase and retirement of common stock (in Shares)	(620,000)			620,634
Restricted stock grants, net of forfeitures	$ (156)			$ (156)
Restricted stock grants, net of forfeitures (in Shares)	95,000
Restricted stock compensation cost	$ 1,702			1,702
Performance-based restricted stock units cost	773			773
PSU awards	(613)			(613)
Balance at Jan. 28, 2024	$ 49,524	$ 175,717	$ 734	$ 225,975
Balance (in Shares) at Jan. 28, 2024	10,672,000			10,672,000

CONSOLIDATED BALANCE SHEETS (Parentheticals) - shares shares in Thousands	Jan. 28, 2024	Jan. 29, 2023
Statement of Financial Position [Abstract]
Common stock, shares authorized	20,000	20,000
Common stock, shares issued	10,672	11,197
Common stock, shares outstanding	10,672	11,197

SUBSEQUENT EVENTS

12 Months Ended

Jan. 28, 2024

Subsequent Events [Abstract]

Subsequent Events [Text Block]

NOTE 22 - SUBSEQUENT EVENTS

Cash Dividend

On March 4, 2024, our Board of Directors declared a quarterly cash dividend of $0.23 per share, payable on March 29, 2024 to shareholders of record at March 18, 2024.

SHARE-BASED COMPENSATION

12 Months Ended

Jan. 28, 2024

Share-Based Payment Arrangement [Abstract]

Share-Based Payment Arrangement [Text Block]

NOTE 15 – SHARE-BASED COMPENSATION

Our Stock Incentive Plan permits incentive awards of restricted stock, restricted stock units, stock appreciation rights and performance grants to key employees. A maximum of 750,000 shares of the Company’s common stock is authorized for issuance under the Stock Incentive Plan. The Stock Incentive Plan also provides for annual restricted stock awards to non-employee directors. We have issued restricted stock awards to our non-employee directors since January 2006 and certain other management employees since 2014.

We account for restricted stock awards as “non-vested equity shares” until the awards vest or are forfeited. Restricted stock awards to non-employee directors and certain other management employees vest if the director/employee remains on the board/employed through the specified vesting period for shares and may vest earlier upon certain events specified in the plan. For shares issued to non-employee directors during fiscal 2016 and after, there is a 12-month service period. The fair value of each share of restricted stock is the market price of our common shares on the grant date. The weighted average grant-date fair values of unvested restricted stock awards issued during fiscal 2024 were $18.73, $15.10, $17.65 and $21.22, during fiscal 2023 were $22.19 and $18.26, and during fiscal 2022 was $37.20.

The restricted stock awards outstanding as of January 28, 2024 had an aggregate grant-date fair value of $3.6 million, after taking vested and forfeited restricted shares into account. As of January 28, 2024, we have recognized non-cash compensation expense of approximately $1.9 million related to these non-vested awards. During fiscal 2024, 45,339 shares vested with an average grant date fair value of $714,000. The remaining $1.7 million of grant-date fair value for unvested restricted stock awards outstanding at January 28, 2024 will be recognized over the remaining vesting periods for these awards. The number of outstanding restricted shares increased due primarily to grants of restricted shares to a larger population of our non-executive employees as an incentive for retention and alignment of individual performance to our values.

	Whole			Grant-Date		Aggregate			Compensation		Grant-Date Fair Value
	Number of			Fair Value		Grant-Date			Expense		Unrecognized At
	Shares			Per Share		Fair Value			Recognized		January 28, 2024

Restricted shares Issued on April 8, 2021		16,613		$	37.20	$	618		$	317	$	19
Forfeited		(7,576	)				(282	)

Restricted shares Issued on January 31, 2022		22,534			22.19		500			260		130
Forfeited		(4,958	)				(110	)

Restricted shares Issued on April 11, 2022		64,518			18.26		1,178			636		405
Forfeited		(7,524	)				(137	)

Restricted shares Issued on April 10, 2023		67,537			18.73		1,265			351		914

Restricted shares Issued on May 5, 2023		3,311			15.10		50			12		37

Restricted shares Issued on June 9, 2023		23,796			17.65		420			280		140

Restricted shares Issued on July 24, 2023		3,534			21.22		75			15		60

Awards outstanding at January 28, 2024:		181,785				$	3,577		$	1,872	$	1,705

We have awarded time-based restricted stock units to certain senior executives since 2011. Each restricted stock unit, or “RSU”, entitles the executive to receive one share of the Company’s common stock if he remains continuously employed with the Company through the end of a three-year service period. The RSUs may be paid in shares of the Company’s common stock, cash or both, at the discretion of the Compensation Committee. The RSUs are accounted for as “non-vested stock grants.” Similar to the restricted stock grants issued to our non-employee directors, RSU compensation expense is recognized ratably over the applicable service period. However, unlike restricted stock grants, no shares are issued, or other payment made, until the end of the applicable service period (commonly referred to as “cliff vesting”) and grantees are not entitled to receive dividends on their RSUs during that time. The fair value of each RSU is the market price of a share of our common stock on the grant date, reduced by the present value of the dividends expected to be paid on a share of our common stock during the applicable service period, discounted at the appropriate risk-free rate.

The following table presents RSU activities for the year ended January 28, 2024:

	Whole			Grant-Date		Aggregate			Compensation		Grant-Date Fair Value
	Number of			Fair Value		Grant-Date			Expense		Unrecognized At
	Units			Per Unit		Fair Value			Recognized		January 28, 2024
RSUs Awarded on April 8, 2021		8,186		$	35.05	$	287		$	209	$	12
Forfeited		(1,882	)				(66	)

RSUs for retention Awarded on April 8, 2021		4,865			35.05		171			108		6
Forfeited		(1,613	)				(57	)

RSUs Awarded on April 11, 2022		19,157			15.86		304			186		118

RSUs Awarded on April 10, 2023		18,676			16.19		302			84		218

Awards outstanding at January 28, 2024:		47,389				$	941		$	586	$	355

	Whole		Grant-Date		Aggregate		Compensation		Grant-Date Fair Value
	Number of		Fair Value		Grant-Date		Expense		Unrecognized At
	Units		Per Unit		Fair Value		Recognized		January 28, 2024

PSUs Awarded on April 11, 2022		46,725	$	18.26	$	853	$	569	$	284

PSUs Awarded on April 10, 2023		45,552		18.73		853		284		569

Awards outstanding at January 28, 2024:		92,277			$	1,706	$	853	$	853

EARNINGS PER SHARE (Details) - Schedule of Restricted Stock and Restricted Stock Units - shares shares in Thousands	Jan. 28, 2024	Jan. 29, 2023	Jan. 30, 2022
EARNINGS PER SHARE (Details) - Schedule of Restricted Stock and Restricted Stock Units [Line Items]
Number of Shares Outstanding	321,451	233,273	137,341
Restricted Stock [Member]
EARNINGS PER SHARE (Details) - Schedule of Restricted Stock and Restricted Stock Units [Line Items]
Number of Shares Outstanding	181,785	132,304	59,500
Restricted Stock Units (RSUs) and Performance Shares (PSUs) [Member]
EARNINGS PER SHARE (Details) - Schedule of Restricted Stock and Restricted Stock Units [Line Items]
Number of Shares Outstanding	139,666	100,969	77,841

CLOUD COMPUTING HOSTING ARRANGEMENT (Tables)

12 Months Ended

Jan. 28, 2024

Disclosure Text Block Supplement [Abstract]

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]

The capitalized implementation costs at January 28, 2024 and January 29, 2023 were as follows:

	January 28, 2024					January 29, 2023
	Gross carrying amount		Accumulated amortization			Gross carrying amount		Accumulated amortization
Implementation Costs		13,736		(414	)		8,610		(12	)
Interest Expenses		357		(8	)		84		(0	)

EXIT AND RESTRUCTURING CHARGES

12 Months Ended

Jan. 28, 2024

Disclosure Text Block Supplement [Abstract]

Asset Impairment Charges [Text Block]

NOTE 3 – EXIT AND RESTRUCTURING CHARGES

We recorded inventory valuation charges of $1.8 million, $28.8 million, and $3.4 million, respectively, in each of fiscal 2024, fiscal 2023, and fiscal 2022 for slow-moving and obsolete inventory. During the fourth quarter of fiscal 2023, we recorded net inventory valuation charges of approximately $24.4 million to write down the value of ACH and PRI inventories and other excess inventories to market, including excess Samuel Lawrence Furniture brand inventories. Management approved a plan to exit the Accentrics Home (ACH) e-commerce brand of the Home Meridian segment along with repositioning the Prime Resources International (PRI) at the end of fiscal 2023. Due to historically high freight costs on these inventories, high handling costs, current demand and industry discounting levels, as well as our current inventory levels, management determined that a viable and profitable market for these products didn’t exist and was unwilling to continue to incur additional lease, warehouse, labor and other costs to store and sell aging inventory below cost. These inventory valuation charges were included as a separate line item below cost of goods sold in the Consolidated Statement of Operations.

INTANGIBLE ASSETS AND GOODWILL (Details) - USD ($)	12 Months Ended
INTANGIBLE ASSETS AND GOODWILL (Details) - USD ($)	Jan. 28, 2024	Jan. 29, 2023	Jan. 30, 2022	Jan. 31, 2021
INTANGIBLE ASSETS AND GOODWILL (Details) [Line Items]
Finite-Lived Intangible Asset, Useful Life	24 months
Impairment of Intangible Assets (Excluding Goodwill)	$ 0	$ 13,000	$ 0
BOBO Intriguing Objects [Member]
INTANGIBLE ASSETS AND GOODWILL (Details) [Line Items]
Indefinite-Lived Intangible Assets Acquired	500,000
Goodwill, Acquired During Period	$ 84,000
Goodwill [Member] \| Shenandoah Furniture, Inc, [Member]
INTANGIBLE ASSETS AND GOODWILL (Details) [Line Items]
Goodwill and Intangible Asset Impairment				$ 16,400,000
Trade Names [Member] \| Home Meridian International [Member]
INTANGIBLE ASSETS AND GOODWILL (Details) [Line Items]
Impairment of Intangible Assets (Excluding Goodwill)				$ 4,800,000

DOUBTFUL ACCOUNTS AND CUSTOMER ALLOWANCES (Details) - Allowance for Doubtful Accounts - USD ($) $ in Thousands	12 Months Ended
	Jan. 28, 2024	Jan. 29, 2023	Jan. 30, 2022
Allowance For Doubtful Accounts Abstract
Balance at beginning of year	$ 1,769	$ 2,016	$ 2,338
Non-cash charges to cost and expenses	(157)	109	(76)
Increase / (decrease) in allowance, net of recoveries	205	(356)	(246)
Balance at end of year	1,817	1,769	2,016
Balance at beginning of year	3,702	7,284	6,993
Charges to cost and expenses	8,376	11,983	23,766
Less allowances applied	(10,541)	(15,364)	(23,305)
Increase / (decrease) in allowance, net of recoveries	263	(201)	(170)
Balance at end of year	$ 1,800	$ 3,702	$ 7,284

DOUBTFUL ACCOUNTS AND CUSTOMER ALLOWANCES

12 Months Ended

Jan. 28, 2024

Disclosure Text Block Supplement [Abstract]

Allowance for Credit Losses [Text Block]

NOTE 5 – DOUBTFUL ACCOUNTS AND CUSTOMER ALLOWANCES

The activity in the allowance for doubtful accounts was:

	Fifty-Two Weeks Ended
	January 28,			January 29,			January 30,
	2024			2023			2022
Balance at beginning of year	$	1,769		$	2,016		$	2,338
Non-cash charges to cost and expenses		(157	)		109			(76	)
Increase / (decrease) in allowance, net of recoveries		205			(356	)		(246	)
Balance at end of year	$	1,817		$	1,769		$	2,016

The activity in customer allowances was:

	Fifty-Two Weeks Ended
	January 28,			January 29,			January 30,
	2024			2023			2022
Balance at beginning of year	$	3,702		$	7,284		$	6,993
Charges to cost and expenses		8,376			11,983			23,766
Less allowances applied		(10,541	)		(15,364	)		(23,305	)
Increase / (decrease) in allowance, net of recoveries		263			(201	)		(170	)
Balance at end of year	$	1,800		$	3,702		$	7,284

ACQUISITION (Details) - Sunset HWM, LLC [Member] - USD ($)	12 Months Ended
	Jan. 29, 2023	Jan. 30, 2022
ACQUISITION (Details) [Line Items]
Payments to Acquire Businesses, Gross	$ 23,909,000
Business Combination, Acquisition Related Costs	(2,003,000)
Business Combination, Contingent Consideration, Liability	4,000,000
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Consideration Transferred	(639,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 11,451,000
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life	10 years 2 months 12 days
Business Acquisition, Transaction Costs	$ 69,000	$ 414,000
Revenue from Contract with Customer, Excluding Assessed Tax	27,000,000
Operating Income (Loss)	683,000
Amortization of Intangible Assets	1,100,000
Customer Relationships [Member]
ACQUISITION (Details) [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 10,400,000
Finite-Lived Intangible Assets, Remaining Amortization Period	10 years
Trade Names [Member]
ACQUISITION (Details) [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 1,100,000
Finite-Lived Intangible Assets, Remaining Amortization Period	12 years

EMPLOYEE BENEFIT PLANS (Details) - Schedule of Net Benefit Costs - USD ($)	12 Months Ended
	Jan. 28, 2024	Jan. 29, 2023	Jan. 30, 2022
Supplemental Retirement Income Plan ("SRIP") [Member]
EMPLOYEE BENEFIT PLANS (Details) - Schedule of Net Benefit Costs [Line Items]
Service cost	$ 58,000	$ 126,000	$ 133,000
Interest cost	364,000	243,000	178,000
Net (gain)/loss	(279,000)	83,000	402,000
Net periodic benefit cost	143,000	452,000	713,000
Net (gain) / loss arising during period	(150,000)	(1,004,000)	(553,000)
Total recognized in other comprehensive loss (income)	129,000	(1,087,000)	(955,000)
Gain (Loss)	279,000	(83,000)	(402,000)
Total recognized in net periodic benefit cost and accumulated other comprehensive income	$ 272,000	$ (635,000)	$ (242,000)
Net periodic benefit cost
Discount rate	4.85%	2.70%	1.75%
Increase in future compensation levels	4.00%	4.00%	4.00%
Supplemental Employee Retirement Plan [Member]
EMPLOYEE BENEFIT PLANS (Details) - Schedule of Net Benefit Costs [Line Items]
Service cost	$ 0	$ 0	$ 0
Interest cost	57,000	41,000	34,000
Net (gain)/loss	(15,000)	(2,000)	0
Net periodic benefit cost	42,000	39,000	34,000
Net (gain) / loss arising during period	29,000	(119,000)	(39,000)
Total recognized in other comprehensive loss (income)	44,000	(117,000)	(39,000)
Gain (Loss)	15,000	2,000	0
Total recognized in net periodic benefit cost and accumulated other comprehensive income	$ 86,000	$ (78,000)	$ (5,000)
Net periodic benefit cost
Discount rate	4.70%	2.80%	2.10%
Increase in future compensation levels

PROPERTY, PLANT AND EQUIPMENT (Details) - Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure - USD ($) $ in Thousands	12 Months Ended
	Jan. 28, 2024	Jan. 29, 2023	Jan. 30, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Balance beginning of year	$ 1,348	$ 2,223	$ 3,211
Additions	33	0	65
Amortization expense	(400)	(875)	(1,053)
Disposals	(889)	0	0
Balance end of year	$ 92	$ 1,348	$ 2,223

Cover - USD ($) $ in Millions	12 Months Ended
Cover - USD ($) $ in Millions	Jan. 28, 2024	Apr. 08, 2024	Jul. 30, 2023
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Transition Report	false
Document Financial Statement Error Correction [Flag]	false
Entity Interactive Data Current	Yes
ICFR Auditor Attestation Flag	true
Amendment Flag	false
Document Period End Date	Jan. 28, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Documents Incorporated by Reference [Text Block]	Documents incorporated by reference: Portions of the registrant’s definitive Proxy Statement for its Annual Meeting of Shareholders scheduled to be held June 4, 2024 are incorporated by reference into Part III.
Entity Information [Line Items]
Entity Registrant Name	HOOKER FURNISHINGS CORPORATION
Entity Central Index Key	0001077688
Entity File Number	000-25349
Entity Tax Identification Number	54-0251350
Entity Incorporation, State or Country Code	VA
Current Fiscal Year End Date	--01-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Public Float			$ 214.8
Entity Contact Personnel [Line Items]
Entity Address, Address Line One	440 East Commonwealth Boulevard
Entity Address, City or Town	Martinsville
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	24112
Entity Phone Fax Numbers [Line Items]
City Area Code	276
Local Phone Number	632-2133
Entity Listings [Line Items]
Title of 12(b) Security	Common Stock, no par value
Trading Symbol	HOFT
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		10,659,139

CONCENTRATIONS OF RISK

12 Months Ended

Jan. 28, 2024

Risks and Uncertainties [Abstract]

Concentration Risk Disclosure [Text Block]

NOTE 20 – CONCENTRATIONS OF RISK

Imported Products Sourcing

We source imported products through multiple vendors, located in ten countries. Because of the large number and diverse nature of the foreign factories from which we can source our imported products, we have some flexibility in the placement of products in any particular factory or country.

Factories located in Vietnam are a critical resource for Hooker Furnishings. In fiscal 2024, imported products sourced from Vietnam accounted for 88% of our import purchases and our top five suppliers accounted for 60% of our fiscal 2024 import purchases. A disruption in our supply chain from Vietnam could significantly impact our ability to fill customer orders for products manufactured at that factory or in that country.

Raw Materials Sourcing for Domestic Upholstery Manufacturing

Our five largest domestic upholstery suppliers accounted for 35% of our raw materials supply purchases for domestic upholstered furniture manufacturing operations in fiscal 2024. One supplier accounted for 9% of our raw material purchases in fiscal 2024. Should disruptions with these suppliers occur, we believe we could successfully source these products from other suppliers without significant disruption to our operations.

Concentration of Sales and Accounts Receivable

One customer accounted for approximately 6% of our consolidated sales in fiscal 2024. Our top five customers accounted for 22% of our fiscal 2024 consolidated sales. The loss of any one or more of these customers could adversely affect our earnings, financial condition and liquidity. At January 28, 2024, 16% of our consolidated accounts receivable is concentrated in our top five customers.

ACCOUNTS RECEIVABLE

12 Months Ended

Jan. 28, 2024

Receivables [Abstract]

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

NOTE 6 – ACCOUNTS RECEIVABLE

	January 28,			January 29,
	2024			2023

Gross accounts receivable	$	54,897		$	67,600
Customer allowances		(1,800	)		(3,702	)
Allowance for doubtful accounts		(1,817	)		(1,769	)
Trade accounts receivable	$	51,280		$	62,129

INTANGIBLE ASSETS AND GOODWILL (Tables)

12 Months Ended

Jan. 28, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Indefinite-Lived Intangible Assets [Table Text Block]

Details of our intangible assets were as follows:

	January 28, 2024					January 29, 2023

	Gross carrying amount		Accumulated Amortization			Gross carrying amount		Accumulated Amortization
Intangible assets with indefinite lives:
Goodwill
Domestic Upholstery - Shenandoah *		490		-			490		-
Domestic Upholstery - Sunset West		14,462		-			14,462		-
All Other - BOBO Intriguing Objects		84		-			-		-
Goodwill		15,036		-			14,952		-

Trademarks and Trade names *		8,011		-			7,907		-

Intangible assets with definite lives:
Customer Relations		38,001		(18,982	)		38,001		(15,618	)
Trademarks and Trade names		2,334		(741	)		1,938		(449	)

Intangible assets, net		48,346		(19,723	)		47,846		(16,067	)

*: The amounts are net of impairment charges of $16.4 million related to Shenandoah goodwill and $4.8 million related to certain Home Meridian segment trade names, which were recorded in fiscal 2021.

Finite-Lived Intangible Assets Amortization Expense [Table Text Block]

The estimated amortization expense associated with our amortizable intangible assets is expected to be as follows:

Fiscal Year	Amount

2025		3,685
2026		3,528
2027		3,487
2028		2,178
2029		2,178
2030 and thereafter		5,555
	$	20,611

LEASES (Details) - Lessee, Operating Lease, Liability, Maturity - USD ($) $ in Thousands	Jan. 28, 2024	Jan. 29, 2023
Lessee Operating Lease Liability Maturity Abstract
2025	$ 9,530
2026	9,589
2027	9,428
2028	7,803
2029	7,275
2030 and thereafter	20,982
Total lease payments	64,607
Less: impact of discounting	(11,229)
Present value of lease payments	$ 53,378	$ 71,078

INVENTORIES (Details) - Schedule of Inventory, Current - USD ($) $ in Thousands	Jan. 28, 2024	Jan. 29, 2023
Schedule Of Inventory Current Abstract
Finished furniture	$ 75,354	$ 115,015
Furniture in process	1,702	1,943
Materials and supplies	10,538	13,509
Inventories at FIFO	87,594	130,467
Reduction to LIFO basis	(25,779)	(33,792)
Inventories	$ 61,815	$ 96,675

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Jan. 28, 2024

Accounting Policies [Abstract]

Significant Accounting Policies [Text Block]

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Nature of Business

Consolidation

Operating Segments

■

better understand our performance;

■

better assess our prospects for future net cash flows; and

■

make more informed judgments about us as a whole.

For financial reporting purposes, we are organized into three operating segments and “All Other”, which includes the remainder of our businesses:

■

Hooker Branded, consisting of the operations of our imported Hooker Casegoods and Hooker Upholstery businesses;

■

Home Meridian, a stand-alone, mostly autonomous business that serves a different type or class of customer than do our other operating segments and at much lower margins;

■

Domestic Upholstery, which includes the domestic upholstery manufacturing operations of Bradington-Young, HF Custom (formerly Sam Moore), Shenandoah Furniture and Sunset West; and

■

Cash and Cash Equivalents

We consider cash on hand, demand deposits in banks and all highly liquid investments with an original maturity of three months or less to be cash and cash equivalents.

Trade Accounts Receivable

These trade accounts receivable are reported net of customer allowances and an allowance for doubtful accounts.

Fair Value Measurements

■

Level 1 Inputs: Unadjusted quoted prices in active markets for identical assets or liabilities accessible to the reporting entity at the measurement date.

■

Fair Value of Financial Instruments

Inventories

Property, Plant and Equipment

Leases

Impairment of Long-Lived Assets

Intangible Assets and Goodwill

■

a significant adverse change in the economic or business climate either within the furniture industry or the national or global economy;

■

significant changes in demand for our products;

■

loss of key personnel; and

■

the likelihood that a reporting unit or significant portion of a reporting unit will be sold or otherwise subject to disposal.

Cash Surrender Value of Life Insurance Policies

Revenue Recognition

Cost of Sales

The major components of cost of sales are:

■

the cost of imported products purchased for resale;

■

raw materials and supplies used in our domestically manufactured products;

■

labor and overhead costs associated with our domestically manufactured products;

■

the cost of our foreign import operations;

■

charges associated with our inventory reserves;

■

warehousing and certain shipping and handling costs; and

■

all other costs required to be classified as cost of sales.

Selling and Administrative Expenses

The major components of our selling and administrative expenses are:

■

the cost of our marketing and merchandising efforts, including showroom expenses;

■

sales and design commissions;

■

the costs of administrative support functions including, executive management, information technology, human resources and finance; and

■

all other costs required to be classified as selling and administrative expenses.

Advertising

Earnings Per Share

Use of Estimates

Recently Issued Accounting Pronouncements

SHARE-BASED COMPENSATION (Details) - Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity - Restricted Stock Units (RSUs) [Member] - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands				12 Months Ended
	Apr. 10, 2023	Apr. 11, 2022	Apr. 08, 2021	Jan. 28, 2024
SHARE-BASED COMPENSATION (Details) - Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Line Items]
Whole Number of Units (in Shares)	18,676	19,157	8,186	47,389
Grant-Date Fair Value (in Dollars per share)	$ 16.19	$ 15.86	$ 35.05
Aggregate Grant-Date Fair Value	$ 302	$ 304	$ 287	$ 941
Compensation Expense Recognized	84	186	209	586
Grant-Date Fair Value Unrecognized	$ 218	$ 118	$ 12	$ 355
Forfeited, Whole Number of Units (in Shares)			(1,882)
Forfeited, Aggregate Grant-Date Fair Value			$ (66)
Retention Award [Member]
SHARE-BASED COMPENSATION (Details) - Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Line Items]
Whole Number of Units (in Shares)			4,865
Grant-Date Fair Value (in Dollars per share)			$ 35.05
Aggregate Grant-Date Fair Value			$ 171
Compensation Expense Recognized			108
Grant-Date Fair Value Unrecognized			$ 6
Forfeited, Whole Number of Units (in Shares)			(1,613)
Forfeited, Aggregate Grant-Date Fair Value			$ (57)

SEGMENT INFORMATION (Details) - Revenue from External Customers by Products and Services - USD ($) $ in Thousands	12 Months Ended
	Jan. 28, 2024	Jan. 29, 2023	Jan. 30, 2022
Revenue from External Customer [Line Items]
Net Sales	$ 433,226	$ 583,102	$ 593,612
% Total	100.00%	100.00%	100.00%
Casegoods [Member]
Revenue from External Customer [Line Items]
Net Sales	$ 248,627	$ 328,849	$ 348,548
% Total	57.00%	56.00%	59.00%
Upholstery [Member]
Revenue from External Customer [Line Items]
Net Sales	$ 184,599	$ 254,253	$ 245,064
% Total	43.00%	44.00%	41.00%

- Definition

Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
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-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Section 50
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-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (b)
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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-4

+ Details

EMPLOYEE BENEFIT PLANS (Details) - Schedule of Expected Benefit Payments - Supplemental Retirement Income Plan ("SRIP") [Member] $ in Thousands	Jan. 28, 2024 USD ($)
Estimated Future Benefit Payments:
Fiscal 2025	$ 961
Fiscal 2026	961
Fiscal 2027	788
Fiscal 2028	813
Fiscal 2029	830
Fiscal 2030 through fiscal 2034	$ 3,668

INTANGIBLE ASSETS AND GOODWILL

12 Months Ended

Jan. 28, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Text Block]

NOTE 10 – INTANGIBLE ASSETS AND GOODWILL

Our goodwill, some trademarks and trade names have indefinite useful lives and, consequently, are not subject to amortization for financial reporting purposes but are tested for impairment annually or more frequently if events or circumstances indicate that the asset might be impaired.

Our non-amortizable intangible assets consist of:

	■	Goodwill related to the Shenandoah (acquired 2017), Sunset West (acquired 2022) and BOBO (acquired 2023) acquisitions; and
	■	Trademarks and tradenames related to the acquisitions of Bradington-Young (acquired 2002), Home Meridian (acquired 2016), and BOBO Intriguing Objects (acquired 2023).

We review goodwill and other intangible assets annually for impairment or more frequently if events or circumstances indicate that it might be impaired. Based on our internal analyses, at January 28, 2024, we concluded our non-amortizable trademarks and trade names are not impaired and Shenandoah, Sunset West and BOBO goodwill is not impaired.

During fiscal 2024, we recorded $500,000 in trademarks with indefinite lives and $84,000 in goodwill as a result of the BOBO acquisition.

Our amortizable intangible assets are recorded in the Home Meridian and in Domestic Upholstery segments. During the fiscal 2024 first quarter, we announced the rebranding of the Sam Moore product line to “HF Custom”. As a result, we reassessed the characteristics of the Sam Moore trade name and the roll-out process, and determined it qualified for amortization; consequently, we began amortizing the Sam Moore trade name over a 24-month period using the straight-line method beginning mid-April 2023.

Details of our intangible assets were as follows:

	January 28, 2024					January 29, 2023

	Gross carrying amount		Accumulated Amortization			Gross carrying amount		Accumulated Amortization
Intangible assets with indefinite lives:
Goodwill
Domestic Upholstery - Shenandoah *		490		-			490		-
Domestic Upholstery - Sunset West		14,462		-			14,462		-
All Other - BOBO Intriguing Objects		84		-			-		-
Goodwill		15,036		-			14,952		-

Trademarks and Trade names *		8,011		-			7,907		-

Intangible assets with definite lives:
Customer Relations		38,001		(18,982	)		38,001		(15,618	)
Trademarks and Trade names		2,334		(741	)		1,938		(449	)

Intangible assets, net		48,346		(19,723	)		47,846		(16,067	)

*: The amounts are net of impairment charges of $16.4 million related to Shenandoah goodwill and $4.8 million related to certain Home Meridian segment trade names, which were recorded in fiscal 2021.

The estimated amortization expense associated with our amortizable intangible assets is expected to be as follows:

Fiscal Year	Amount

2025		3,685
2026		3,528
2027		3,487
2028		2,178
2029		2,178
2030 and thereafter		5,555
	$	20,611

INCOME TAXES (Details) - Schedule of Effective Income Tax Rate Reconciliation	12 Months Ended
	Jan. 28, 2024	Jan. 29, 2023	Jan. 30, 2022
Schedule Of Effective Income Tax Rate Reconciliation Abstract
Income taxes at statutory rate	21.00%	21.00%	21.00%
Increase (decrease) in tax rate resulting from:
State taxes, net of federal benefit	1.90%	4.10%	3.40%
Officer's life insurance	(1.70%)	4.00%	(1.30%)
Expiration of capital loss	0.00%	0.00%	2.00%
Change in valuation allowance	0.10%	(0.20%)	(1.90%)
Other	(0.60%)	1.00%	(0.80%)
Effective income tax rate	20.70%	29.90%	22.40%

LONG-TERM DEBT (Details) - Schedule of Maturities of Long-Term Debt $ in Thousands	Jan. 28, 2024 USD ($)
Schedule Of Maturities Of Long Term Debt Abstract
2025	$ 1,400
2026	1,400
2027	1,400
2028	18,700
Total principal payments	$ 22,900

SEGMENT INFORMATION (Details)	12 Months Ended
SEGMENT INFORMATION (Details)	Jan. 28, 2024	Jan. 29, 2023	Jan. 30, 2022
Segment Reporting [Abstract]
Number of Reportable Segments	3
Consolidated Net Sales, Percent of International Customers	2.00%	2.00%	2.00%

CONCENTRATIONS OF RISK (Details)	12 Months Ended
CONCENTRATIONS OF RISK (Details)	Jan. 28, 2024
CONCENTRATIONS OF RISK (Details) [Line Items]
Imports, Countries	10
Imports, Vendors	5
Revenue Benchmark [Member] \| Customer Concentration Risk [Member] \| One Customer [Member]
CONCENTRATIONS OF RISK (Details) [Line Items]
Concentration Risk, Percentage	6.00%
Revenue Benchmark [Member] \| Customer Concentration Risk [Member] \| Five Customers [Member]
CONCENTRATIONS OF RISK (Details) [Line Items]
Concentration Risk, Percentage	22.00%
Accounts Receivable [Member] \| Credit Concentration Risk [Member] \| Five Customers [Member]
CONCENTRATIONS OF RISK (Details) [Line Items]
Concentration Risk, Percentage	16.00%
Vietnam and China [Member] \| Cost of Goods and Service, Product and Service Benchmark [Member] \| Supplier Concentration Risk [Member]
CONCENTRATIONS OF RISK (Details) [Line Items]
Concentration Risk, Percentage	88.00%
Five Vendors [Member] \| Cost of Goods and Service, Product and Service Benchmark [Member] \| Supplier Concentration Risk [Member]
CONCENTRATIONS OF RISK (Details) [Line Items]
Concentration Risk, Percentage	60.00%
Five Upholstery Suppliers [Member] \| Cost of Goods and Service, Product and Service Benchmark [Member] \| Supplier Concentration Risk [Member]
CONCENTRATIONS OF RISK (Details) [Line Items]
Concentration Risk, Percentage	35.00%
One Vendor [Member] \| Cost of Goods and Service, Product and Service Benchmark [Member] \| Supplier Concentration Risk [Member]
CONCENTRATIONS OF RISK (Details) [Line Items]
Concentration Risk, Percentage	9.00%

CLOUD COMPUTING HOSTING ARRANGEMENT

12 Months Ended

Jan. 28, 2024

Disclosure Text Block Supplement [Abstract]

Other Assets Disclosure [Text Block]

NOTE 9 – CLOUD COMPUTING HOSTING ARRANGEMENT

We are in the process of implementing a common Enterprise Resource Planning (ERP) system across all divisions. The ERP system went live at Sunset West in December 2022 and in the legacy Hooker divisions and for consolidated reporting in early September 2023. We expect the new ERP system to go live in the Home Meridian segment during fiscal 2026. Based on the provisions of ASU 2018-15, Intangibles — Goodwill and Other — Internal-Use Software, we capitalize implementation costs associated with hosting arrangements that are service contracts. These costs are recorded in other noncurrent assets of our consolidated balance sheets. We amortize on a straight-line basis over 10-years term as the system went live at Sunset West and the legacy Hooker divisions. The amortization expenses are recorded as a component of selling and administrative expenses in our consolidated statements of operations. In addition, we recorded capitalized interest as we entered into new term loans in July 2022. Implementation costs of $5.1 million and interest expense of $273,000 were capitalized in fiscal 2024. Implementation costs of $5.4 million and interest expense of $84,000 were capitalized in fiscal 2023. Implementation costs of $3.2 million were capitalized in fiscal 2022. The capitalized implementation costs at January 28, 2024 and January 29, 2023 were as follows:

	January 28, 2024					January 29, 2023
	Gross carrying amount		Accumulated amortization			Gross carrying amount		Accumulated amortization
Implementation Costs		13,736		(414	)		8,610		(12	)
Interest Expenses		357		(8	)		84		(0	)

SHARE-BASED COMPENSATION (Details) - Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity - Performance Shares [Member] - USD ($) $ / shares in Units, $ in Thousands			12 Months Ended
	Apr. 10, 2023	Apr. 11, 2022	Jan. 28, 2024
SHARE-BASED COMPENSATION (Details) - Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Line Items]
PSUs Awarded, Whole Number of Units (in Shares)			92,277,000
PSUs Awarded, Aggregate Grant-Date Fair Value			$ 1,706
PSUs Awarded, Compensation Expense Recognized			853
PSUs Awarded, Grant-Date Fair Value Unrecognized			$ 853
April 11, 2022 [Member]
SHARE-BASED COMPENSATION (Details) - Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Line Items]
PSUs Awarded, Whole Number of Units (in Shares)		46,725,000
PSUs Awarded, Grant-Date Fair Value Per Unit (in Dollars per share)		$ 18.26
PSUs Awarded, Aggregate Grant-Date Fair Value		$ 853
PSUs Awarded, Compensation Expense Recognized		569
PSUs Awarded, Grant-Date Fair Value Unrecognized		$ 284
April 10, 2023 [Member]
SHARE-BASED COMPENSATION (Details) - Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Line Items]
PSUs Awarded, Whole Number of Units (in Shares)	45,552,000
PSUs Awarded, Grant-Date Fair Value Per Unit (in Dollars per share)	$ 18.73
PSUs Awarded, Aggregate Grant-Date Fair Value	$ 853
PSUs Awarded, Compensation Expense Recognized	284
PSUs Awarded, Grant-Date Fair Value Unrecognized	$ 569

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jan. 28, 2024	Jan. 29, 2023
Current assets
Cash and cash equivalents	$ 43,159	$ 19,002
Trade accounts receivable, net (See notes 5 and 6)	51,280	62,129
Inventories (see note 7)	61,815	96,675
Income tax recoverable	3,014	3,079
Prepaid expenses and other current assets	5,530	6,418
Total current assets	164,798	187,303
Property, plant and equipment, net (See note 8)	29,142	27,010
Cash surrender value of life insurance policies (See note 11)	28,528	27,576
Deferred taxes (See note 17)	12,005	14,484
Operating leases right-of-use assets (See note 12)	50,801	68,949
Intangible assets, net (See note 10)	28,622	31,779
Goodwill (See note 10)	15,036	14,952
Other assets	14,654	9,663
Total non-current assets	178,788	194,413
Total assets	343,586	381,716
Current liabilities
Current portion of long-term debt (See note 13)	1,393	1,393
Trade accounts payable	16,470	16,090
Accrued salaries, wages and benefits	7,400	9,290
Customer deposits	5,920	8,511
Current portion of operating lease liabilities (See note 12)	6,964	7,316
Other accrued expenses	3,262	7,438
Total current liabilities	41,409	50,038
Long term debt (See note 13)	21,481	22,874
Deferred compensation (See note 14)	7,418	8,178
Operating lease liabilities (See note 12)	46,414	63,762
Other long-term liabilities (See note 4)	889	843
Total long-term liabilities	76,202	95,657
Total liabilities	117,611	145,695
Shareholders’ equity
Common stock, no par value, 20,000 shares authorized, 10,672 and 11,197 shares issued and outstanding on each date	49,524	50,770
Retained earnings	175,717	184,386
Accumulated other comprehensive income	734	865
Total shareholders’ equity	225,975	236,021
Total liabilities and shareholders’ equity	$ 343,586	$ 381,716

EMPLOYEE BENEFIT PLANS (Details) - Schedule of Defined Benefit Plans Disclosures - USD ($)	12 Months Ended
	Jan. 28, 2024	Jan. 29, 2023	Jan. 30, 2022
Supplemental Retirement Income Plan ("SRIP") [Member]
Defined Benefit Plan Disclosure [Line Items]
Balance projected benefit obligation	$ 7,976,000	$ 9,426,000
Service cost	58,000	126,000	$ 133,000
Interest cost	364,000	243,000	178,000
Benefits paid	(877,000)	(815,000)
Actuarial (gain)/ loss	(150,000)	(1,004,000)	(553,000)
Ending projected benefit obligation (funded status)	7,371,000	7,976,000	9,426,000
Accumulated benefit obligation	$ 7,209,000	$ 7,783,000
Discount rate used to value the ending benefit obligations:	5.05%	4.85%
Current liabilities (Accrued salaries, wages and benefits line)	$ 961,000	$ 877,000
Non-current liabilities (Deferred compensation line)	6,410,000	7,099,000
Total	7,371,000	7,976,000
Supplemental Employee Retirement Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Balance projected benefit obligation	1,295,000	1,531,000
Service cost	0	0	0
Interest cost	57,000	41,000	34,000
Benefits paid	(157,000)	(158,000)
Actuarial (gain)/ loss	29,000	(119,000)	(39,000)
Ending projected benefit obligation (funded status)	1,224,000	1,295,000	$ 1,531,000
Accumulated benefit obligation	$ 1,224,000	$ 1,295,000
Discount rate used to value the ending benefit obligations:	4.90%	4.70%
Current liabilities (Accrued salaries, wages and benefits line)	$ 155,000	$ 155,000
Non-current liabilities (Deferred compensation line)	1,069,000	1,140,000
Total	$ 1,224,000	$ 1,295,000

LONG-TERM DEBT (Details) - USD ($)		12 Months Ended
LONG-TERM DEBT (Details) - USD ($)	Jul. 26, 2022	Jan. 28, 2024
LONG-TERM DEBT (Details) [Line Items]
Line of Credit Facility, Current Borrowing Capacity		$ 28,300,000
Debt Issuance Costs, Line of Credit Arrangements, Gross	$ 37,500	26,250
Letters of Credit Outstanding, Amount		6,700,000
2022 Secured Term Loan [Member]
LONG-TERM DEBT (Details) [Line Items]
Debt Instrument, Face Amount	$ 18,000,000
Line of Credit Facility, Current Borrowing Capacity		18,000,000
2022 Secured Term Loan [Member] \| Bloomberg Short Term Bank Yield Index BSBY [Member]
LONG-TERM DEBT (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.90%
2022 Unsecured Term Loan [Member]
LONG-TERM DEBT (Details) [Line Items]
Debt Instrument, Face Amount	$ 7,000,000
Debt Instrument, Periodic Payment	$ 116,667
Line of Credit Facility, Current Borrowing Capacity		$ 4,900,000
2022 Unsecured Term Loan [Member] \| Bloomberg Short Term Bank Yield Index BSBY [Member]
LONG-TERM DEBT (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.40%
New Unsecured Term Loan [Member] \| Unsecured Debt [Member]
LONG-TERM DEBT (Details) [Line Items]
Line of Credit Facility, Covenant Terms		Maintain a ratio of funded debt to EBITDA not exceeding: o 2.25:1.0 through July 30, 2024; and o 2.00:1.00 thereafter. ● A basic fixed charge coverage ratio of at least 1.25:1.00; and ● Limit capital expenditures to no more than $15.0 million during any fiscal year. The Existing Loan Agreement also limits our right to incur other indebtedness, make certain investments and create liens upon our assets, subject to certain exceptions, among other restrictions. The Existing Loan Agreement does not restrict our ability to pay cash dividends on, or repurchase, shares of our common stock, subject to our compliance with the financial covenants discussed above, if we are not otherwise in default under the Existing Loan Agreement.
Line of Credit [Member]
LONG-TERM DEBT (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 35,000,000
Debt Instrument, Basis Spread on Variable Rate	1.00%
Line of Credit Facility, Commitment Fee Percentage	1.00%

SHARE-BASED COMPENSATION (Details) - USD ($)								12 Months Ended
SHARE-BASED COMPENSATION (Details) - USD ($)	Jul. 24, 2023	Jun. 09, 2023	May 05, 2023	Apr. 10, 2023	Apr. 11, 2022	Jan. 31, 2022	Apr. 08, 2021	Jan. 28, 2024
SHARE-BASED COMPENSATION (Details) [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in Shares)								750,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period								12 months
Restricted Stock [Member]
SHARE-BASED COMPENSATION (Details) [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 21.22	$ 17.65	$ 15.1	$ 18.73	$ 18.26	$ 22.19	$ 37.2
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantDateFairValue (in Dollars)								$ 3,600,000
Share-Based Compensation Expense Recognized for Shares Outstanding (in Dollars)								$ 1,900,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period (in Shares)								45,339
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value (in Dollars)								$ 714,000
Share-Based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount (in Dollars)								$ 1,705,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Terms of Award								Each restricted stock unit, or “RSU”, entitles the executive to receive one share of the Company’s common stock if he remains continuously employed with the Company through the end of a three-year service period

RELATED PARTY TRANSACTIONS

12 Months Ended

Jan. 28, 2024

NOTE 21 - RELATED PARTY TRANSACTIONS

We lease the four properties utilized in Shenandoah’s operations. One of our employees has an ownership interest in the entities that own these properties. The leases commenced on September 29, 2017 with an option to renew each for an additional seven years. All four leases include annual rent escalation clauses with respect to minimum lease payments after the initial 84-month term of the lease is completed. In addition to monthly lease payments, we also incur expenses for property taxes, routine repairs and maintenance and other operating expenses. The total amount of the lease expenses and other expenses do not have a material effect on our consolidated financial statements.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(e))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

+ Details

INVENTORIES (Tables)

12 Months Ended

Jan. 28, 2024

Inventory Disclosure [Abstract]

Schedule of Inventory, Current [Table Text Block]

	January 28,			January 29,
	2024			2023
Finished furniture	$	75,354		$	115,015
Furniture in process		1,702			1,943
Materials and supplies		10,538			13,509
Inventories at FIFO		87,594			130,467
Reduction to LIFO basis		(25,779	)		(33,792	)
Inventories	$	61,815		$	96,675

FAIR VALUE MEASUREMENTS

12 Months Ended

Jan. 28, 2024

Fair Value Disclosures [Abstract]

Fair Value Disclosures [Text Block]

NOTE 11 – FAIR VALUE MEASUREMENTS

Fair value is the price that would be received upon the sale of an asset or paid upon the transfer of a liability (an exit price) in an orderly transaction between market participants on the applicable measurement date. We use a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include:

Level 1, defined as observable inputs such as quoted prices in active markets for identical assets and liabilities;

Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and

Level 3, defined as unobservable inputs for which little or no market data exists, therefore requiring an entity to develop its own assumptions.

As of January 28, 2024 and January 29, 2023, Company-owned life insurance was measured at fair value on a recurring basis based on Level 2 inputs. The fair value of the Company-owned life insurance is determined by inputs that are readily available in public markets or can be derived from information available in publicly quoted markets. Additionally, the fair value of the Company-owned life insurance is marked to market each reporting period and any change in fair value is reflected in income for that period.

Our assets measured at fair value on a recurring basis at January 28, 2024 and January 29, 2023 were as follows:

	Fair value at January 28, 2024								Fair value at January 29, 2023
Description	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
	(In thousands)
Assets measured at fair value
Company-owned life insurance	$	-	$	28,528	$	-	$	28,528	$	-	$	27,576	$	-	$	27,576

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

EMPLOYEE BENEFIT PLANS (Details)	12 Months Ended
EMPLOYEE BENEFIT PLANS (Details)	Jan. 28, 2024 USD ($)	Jan. 29, 2023 USD ($)	Jan. 30, 2022 USD ($)
EMPLOYEE BENEFIT PLANS (Details) [Line Items]
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 1,800,000	$ 1,500,000	$ 1,400,000
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, Tax	$ 41,000
Supplemental Retirement Income Plan ("SRIP") and Supplemental Executive Retirement Plan ("SERP") [Member]
EMPLOYEE BENEFIT PLANS (Details) [Line Items]
Defined Benefit Plan, Description	The benefit is payable for a 15-year period following the participant’s termination of employment due to retirement, disability or death
Supplemental Employee Retirement Plan [Member]
EMPLOYEE BENEFIT PLANS (Details) [Line Items]
Defined Benefit Plan, Description	The benefit is payable for the life of the retiree with the following forms available as a reduced monthly benefit: Ten-year Certain and Life; 50% or 100% Joint and Survivor Annuity.
Defined Benefit Plan, Number of Retirees	8
Defined Benefit Plan, Assumptions Used in Calculation, Description	For the SERP, the discount rate assumption used to measure the projected benefit obligations is set by reference to a certain hypothetical AA-rated corporate bond spot-rate yield curve constructed by our actuary, Aon (“Aon”) and the plan’s projected cash flows, rounded to the nearest 10 bps.
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	4.90%	4.70%
Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss)	$ (29,000)	$ 119,000	39,000
Defined Benefit Plan, Plan Assets, Change in Valuation Technique and Input, Description	At January 28, 2024, combining the Aon AA Above Median yield curve and the plan's expected benefit payments created a rate of 4.90%. This rate was used to value the ending benefit obligations. At January 29, 2023, combining the Aon AA Above Median yield curve and the plan's expected benefit payments created a rate of 4.70%. This rate was used to determine the fiscal 2024 net periodic cost. The change in the discount rate from 4.70% to 4.90% decreased liabilities.
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), after Reclassification Adjustment, before Tax	$ (29,000)	$ 119,000
Supplemental Retirement Income Plan ("SRIP") [Member]
EMPLOYEE BENEFIT PLANS (Details) [Line Items]
Defined Benefit Plan, Assumptions Used in Calculation, Description	the discount rate used to determine the fiscal 2024 net periodic cost was 4.85%, based on the Mercer yield curve and the plan’s expected benefit payments.
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	5.05%	4.85%
Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss)	$ 150,000	$ 1,004,000	$ 553,000
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, Tax		$ (288,000)
Defined Benefit Plan, Expected Amortization of Prior Service Cost (Credit), Next Fiscal Year	$ 236,188

SEGMENT INFORMATION (Tables)

12 Months Ended

Jan. 28, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

The following table presents segment information for the periods, and as of the dates, indicated. Prior-year information has been recast to reflect the changes in segments discussed above.

	Fifty-Two Weeks Ended
	January 28, 2024						January 29, 2023						January 30, 2022
				% Net						% Net						% Net
Net Sales				Sales						Sales						Sales
Hooker Branded	$	156,590			36.2	%	$	205,935			35.3	%	$	200,945			33.8	%
Home Meridian		143,538			33.1	%		216,338			37.1	%		278,902			47.0	%
Domestic Upholstery		126,827			29.3	%		156,717			26.9	%		106,827			18.0	%
All Other		6,271			1.4	%		4,112			0.7	%		6,938			1.2	%
Consolidated	$	433,226			100	%	$	583,102			100	%	$	593,612			100	%

Gross Profit/(Loss)
Hooker Branded	$	57,671			36.8	%	$	60,871			29.6	%	$	63,333			31.5	%
Home Meridian		24,367			17.0	%		(2,620	)		-1.2	%		15,213			5.5	%
Domestic Upholstery		24,048			19.0	%		32,633			20.8	%		20,860			19.5	%
All Other		2,606			41.5	%		2,410			58.6	%		2,296			33.1	%
Consolidated	$	108,692			25.1	%	$	93,294			16.0	%	$	101,702			17.1	%

Operating Income/(Loss)
Hooker Branded	$	16,844			10.8	%	$	22,030			10.7	%	$	30,705			15.3	%
Home Meridian		(5,530	)		-3.9	%		(37,181	)		-17.2	%		(21,260	)		-7.6	%
Domestic Upholstery		1,131			0.9	%		8,871			5.7	%		4,675			4.4	%
All Other		(87	)		-1.4	%		234			5.7	%		723			10.4	%
Consolidated	$	12,358			2.9	%	$	(6,046	)		-1.0	%	$	14,843			2.5	%

Capital Expenditures
Hooker Branded	$	4,185					$	1,813					$	558
Home Meridian		1,679						1,280						4,829
Domestic Upholstery		860						1,106						1,295
All Other		91						-						10
Consolidated	$	6,815					$	4,199					$	6,692

Depreciation & Amortization
Hooker Branded	$	2,268					$	2,092					$	2,530
Home Meridian		2,689						2,899						2,594
Domestic Upholstery		3,972						3,827						2,678
All Other		27						11						12
Consolidated	$	8,956					$	8,829					$	7,814

Reconciliation of Assets from Segment to Consolidated [Table Text Block]

The following table presents segment information for the periods, and as of the dates, indicated. Prior-year information has been recast to reflect the changes in segments discussed above.

	As of January 28,					As of January 29,
	2024		%Total			2023		%Total
Assets			Assets					Assets
Hooker Branded	$	168,832		56.3	%	$	174,523		52.1	%
Home Meridian		58,799		19.6	%		92,469		27.6	%
Domestic Upholstery		67,230		22.4	%		66,435		19.8	%
All Other		5,067		1.7	%		1,558		0.5	%
Consolidated Assets	$	299,928		100	%	$	334,985		100	%
Consolidated Goodwill and Intangibles		43,658					46,731
Total Consolidated Assets	$	343,586				$	381,716

Revenue from External Customers by Products and Services [Table Text Block]

Sales by product type are as follows:

	Net Sales (in thousands)
	Fiscal
	2024				2023				2022

Casegoods	$	248,627	57	%	$	328,849	56	%	$	348,548	59	%
Upholstery		184,599	43	%		254,253	44	%		245,064	41	%
	$	433,226	100	%	$	583,102	100	%	$	593,612	100	%

INVENTORIES

12 Months Ended

Jan. 28, 2024

Inventory Disclosure [Abstract]

Inventory Disclosure [Text Block]

NOTE 7 – INVENTORIES

	January 28,			January 29,
	2024			2023
Finished furniture	$	75,354		$	115,015
Furniture in process		1,702			1,943
Materials and supplies		10,538			13,509
Inventories at FIFO		87,594			130,467
Reduction to LIFO basis		(25,779	)		(33,792	)
Inventories	$	61,815		$	96,675

At January 28, 2024 and January 29, 2023, we had $198,000 and $2.4 million, respectively, in consigned inventories, which are included in the “Finished furniture” line in the table above.

At January 28, 2024, we held $4.1 million in inventory in Vietnam. At January 29, 2023, we held $12.3 million in inventory in Vietnam and China.

CLOUD COMPUTING HOSTING ARRANGEMENT (Details) - Deferred Costs, Capitalized, Prepaid, and Other Assets - USD ($) $ in Thousands	12 Months Ended
	Jan. 28, 2024	Jan. 29, 2023
Deferred Costs Capitalized Prepaid And Other Assets Abstract
Implementation Costs, Gross carrying amount	$ 13,736	$ 8,610
Implementation Costs, Accumulated amortization	(414)	(12)
Interest Expenses, Gross carrying amount	357	84
Interest Expenses, Accumulated amortization	$ (8)	$ 0

CLOUD COMPUTING HOSTING ARRANGEMENT (Details) - USD ($)	12 Months Ended
CLOUD COMPUTING HOSTING ARRANGEMENT (Details) - USD ($)	Jan. 28, 2024	Jan. 29, 2023	Jan. 30, 2022
CLOUD COMPUTING HOSTING ARRANGEMENT (Details) [Line Items]
Hosting Arrangement, Service Contract, Implementation Cost, Capitalized	$ 5,100,000	$ 5,400,000	$ 3,200,000
Interest Costs Capitalized	$ 273,000	$ 84,000
Computer Software and Hardware [Member]
CLOUD COMPUTING HOSTING ARRANGEMENT (Details) [Line Items]
Property, Plant and Equipment, Useful Life	10 years

INTANGIBLE ASSETS AND GOODWILL (Details) - Schedule of Indefinite-Lived Intangible Assets - USD ($)
$ in Thousands

Jan. 28, 2024

Jan. 29, 2023

Goodwill

Gross carrying amount, Goodwill

$ 15,036

$ 14,952

Accumulated Amortization, Goodwill

Gross carrying amount, Trademarks and Trade names *

^[1]

8,011

7,907

Intangible assets with definite lives:

Gross carrying amount, Intangible Assets

48,346

47,846

Accumulated Amortization, Intangible Assets

(19,723)

(16,067)

Shenandoah Furniture, Inc, [Member]

Goodwill

Gross carrying amount, Goodwill

^[1]

490

Accumulated Amortization, Goodwill

^[1]

Sunset HWM, LLC [Member]

Goodwill

Gross carrying amount, Goodwill

14,462

Accumulated Amortization, Goodwill

BOBO Intriguing Objects [Member]

Goodwill

Gross carrying amount, Goodwill

Accumulated Amortization, Goodwill

Customer Relationships [Member]

Intangible assets with definite lives:

Gross carrying amount, Finite-Lived Intangible Assets

38,001

Accumulated Amortization, Finite-Lived Intangible Assets

(18,982)

(15,618)

Trademarks and Trade Names [Member]

Intangible assets with definite lives:

Gross carrying amount, Finite-Lived Intangible Assets

2,334

1,938

Accumulated Amortization, Finite-Lived Intangible Assets

$ (741)

$ (449)

[1]	: The amounts are net of impairment charges of $16.4 million related to Shenandoah goodwill and $4.8 million related to certain Home Meridian segment trade names, which were recorded in fiscal 2021.

INCOME TAXES

12 Months Ended

Jan. 28, 2024

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

NOTE 17 – INCOME TAXES

Our provision for income taxes was as follows for the periods indicated:

	Fifty-Two Weeks Ended
	January 28,		January 29,			January 30,
	2024		2023			2022
Current expense
Federal	$	6	$	1,024		$	650
Foreign		47		75			107
State		-		223			307
Total current expense		53		1,322			1,064

Deferred taxes
Federal		2,227		(2,617	)		1,980
State		293		(542	)		344
Total deferred taxes		2,520		(3,159	)		2,324
Income tax (benefit)/expense	$	2,573	$	(1,837	)	$	3,388

Total tax expense for fiscal 2024 was $2.6 million, of which $2.6 million expense was allocated to continuing operations and $41,000 tax benefit was allocated to other comprehensive income. Total tax benefit for fiscal 2023 was $1.5 million, of which $1.8 million benefit was allocated to continuing operations and $288,000 tax expense was allocated to other comprehensive income. Total tax expense for fiscal 2022 was $3.6 million, of which $3.4 million expense was allocated to continuing operations and $237,000 tax expense was allocated to other comprehensive income.

The effective income tax rate differed from the federal statutory tax rate as follows for the periods indicated:

	Fifty-Two Weeks Ended
	January 28,			January 29,			January 30,
	2024			2023			2022

Income taxes at statutory rate		21.0	%		21.0	%		21.0	%
Increase (decrease) in tax rate resulting from:
State taxes, net of federal benefit		1.9			4.1			3.4
Officer's life insurance		-1.7			4.0			-1.3
Expiration of capital loss		0.0			0.0			2.0
Change in valuation allowance		0.1			-0.2			-1.9
Other		-0.6			1.0			-0.8
Effective income tax rate		20.7	%		29.9	%		22.4	%

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities for the period indicated were:

	January 28,			January 29,
	2024			2023
Assets
Intangible assets	$	5,590		$	6,409
Inventories		-			3,618
Deferred compensation		2,494			3,007
Allowance for bad debts		816			889
Employee benefits		1,008			746
Loss and credit carryover		6,655			418
Accrued liabilities		238			79
Deferred rent		716			605
Other		-			215
Total deferred tax assets		17,517			15,986
Valuation allowance		(107	)		(100	)
		17,410			15,886
Liabilities
Property, plant and equipment		1,710			1,117
Inventories		3,319			-
Other		376			285
Total deferred tax liabilities		5,405			1,402
Net deferred tax assets	$	12,005		$	14,484

At January 28, 2024 and January 29, 2023 our net deferred tax asset was $12.0 million and $14.5 million, respectively. The increase in the valuation allowance of $7,000 was due to additional foreign tax credit carry forward. We expect to fully realize the benefit of the deferred tax assets, with the exception of a portion of the foreign tax credit carry forward, in future periods when the amounts become deductible.

We have federal and state net operating loss carry forwards of $22.7 million and $14.4 million, respectively, which have various expiration dates beginning in fiscal 2039 through fiscal 2044, with some having an indefinite carry forward period. We have foreign tax credit carry forwards of $147,000 which expire beginning in fiscal 2029 through fiscal 2034. We also have charitable contribution carry forwards of $3.2 million, which expire in fiscal 2028 and fiscal 2029.

Current accounting standards prescribe a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The guidance also addresses de-recognition, classification, interest and penalties, accounting in interim periods and disclosure. We do not have unrecognized tax benefits as of January 28, 2024.

Tax years ending January 31, 2021 through January 28, 2024 remain subject to examination by federal and state taxing authorities.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482526/740-270-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

+ Details

PROPERTY, PLANT AND EQUIPMENT (Details) - Property, Plant and Equipment - USD ($) $ in Thousands	12 Months Ended
	Jan. 28, 2024	Jan. 29, 2023
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 74,877	$ 78,202
Less accumulated depreciation	(47,700)	(53,427)
Total depreciable property, net	27,177	24,775
Land	1,077	1,077
Construction-in-progress	888	1,158
Property, plant and equipment, net	29,142	27,010
Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 33,785	32,723
Building and Building Improvements [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Depreciable Lives	15
Building and Building Improvements [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Depreciable Lives	30
Computer Software and Hardware [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 8,994	15,887
Computer Software and Hardware [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Depreciable Lives	3
Computer Software and Hardware [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Depreciable Lives	10
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 11,708	11,013
Property, Plant and Equipment, Depreciable Lives	10
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 12,436	11,894
Property, Plant and Equipment, Depreciable Lives	Term of lease
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 7,256	5,991
Furniture and Fixtures [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Depreciable Lives	3
Furniture and Fixtures [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Depreciable Lives	8
Property, Plant and Equipment, Other Types [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 698	$ 694
Property, Plant and Equipment, Depreciable Lives	5

Audit Information	12 Months Ended
Audit Information	Jan. 28, 2024
Auditor [Table]
Auditor Name	KPMG LLP
Auditor Firm ID	185
Auditor Location	Raleigh, North Carolina

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ in Millions	12 Months Ended			19 Months Ended	41 Months Ended
	Jan. 28, 2024 USD ($)	Jan. 29, 2023 USD ($)	Jan. 30, 2022 USD ($)	Jan. 28, 2024 USD ($)	Jun. 30, 2022
Accounting Policies [Abstract]
Number of Reportable Segments	3
Operating Leases of Lessee, Contingent Rentals, Description of Variable Rate Basis				current BSBY rate plus 1.40%	one-month LIBOR at the lease commencement date plus 1.5%
Lessee, Operating Lease, Renewal Term	10 years			10 years
Number of Life Insurance Policies	73
Cash Surrender Value, Fair Value Disclosure	$ 28.5			$ 28.5
Life Settlement Contracts, Fair Value Method, Face Value	56.0			$ 56.0
Advertising Expense	$ 2.6	$ 2.0	$ 1.9

LONG-TERM DEBT

12 Months Ended

Jan. 28, 2024

Debt Disclosure [Abstract]

Long-Term Debt [Text Block]

NOTE 13 – LONG-TERM DEBT

On July 26, 2022, we entered into the Fourth Amendment to the Second Amended and Restated Loan Agreement (the “Amendment”) with Bank of America, N.A. (“BofA”) to replenish cash used to make the Sunset Acquisition. The Second Amended and Restated Loan Agreement dated as of September 29, 2017, had previously been amended by a First Amendment to Second Amended and Restated Loan Agreement dated as of January 31, 2019, a Second Amendment to Second Amended and Restated Loan Agreement dated as of November 4, 2020, and a Third Amendment to Second Amended and Restated Loan Agreement dated as of January 27, 2021 (as so amended, the “Existing Loan Agreement”). Details of the individual credit facilities provided for in the Amendment are as follows:

■

Unsecured Revolving Credit Facility. Under the Amendment, the expiration date of the existing $35 million Unsecured Revolving Credit Facility (the “Existing Revolver”) was extended to July 26, 2027. Any amounts outstanding will bear interest at a rate per annum, equal to the then current Bloomberg Short-Term Bank Yield Index (“BSBY”) (adjusted periodically) plus 1.00%. The interest rate will be adjusted on a monthly basis. The actual daily amount of undrawn letters of credit is subject to a quarterly fee equal to a per annum rate of 1%. We must also pay a quarterly unused commitment fee that is based on the average daily amount of the facility utilized during the applicable quarter;

■

2022 Secured Term Loan. The Amendment provided us with a $18 million term loan (the “Secured Term Loan”), which was disbursed to us on July 26, 2022. We are required to pay monthly interest only payments at a rate per annum equal to the then current BSBY rate (adjusted periodically) plus 0.90% on the outstanding balance until the principal is paid in full. The interest rate will be adjusted on a monthly basis. On July 26, 2027, the entire outstanding indebtedness is due in full, including all principal and interest. The Secured Term Loan is secured by certain company-owned life insurance policies under a Security Agreement (Assignment of Life Insurance Policy as Collateral) dated July 26, 2022, by and between the Company and BofA; and

■

2022 Unsecured Term Loan. The Amendment provided us with a $7 million unsecured term loan (the “Unsecured Term Loan”), which was disbursed to us on July 26, 2022. We are required to pay monthly principal payments of $116,667 and monthly interest payments at a rate per annum equal to the then current BSBY (adjusted periodically) plus 1.40% on the outstanding balance until paid in full. The interest rate will be adjusted monthly. On July 26, 2027, the entire outstanding indebtedness is due in full, including all principal and interest.

We may prepay any outstanding principal amounts borrowed under either the Secured Term Loan or the Unsecured Term Loan at any time, without penalty provided that any payment is accompanied by all accrued interest owed. As of January 28, 2024, $4.9 million was outstanding under the Unsecured Term Loan, and $18 million was outstanding under the Secured Term Loan.

We incurred $37,500 in debt issuance costs in connection with our term loans. As of January 28, 2024, unamortized loan costs of $26,250 were netted against the carrying value of our term loans on our consolidated balance sheets.

Principal payments on the term loans are as follows. The carrying amount of the term loans approximated their fair value at January 28, 2024.

Fiscal Year	Amount

2025		1,400
2026		1,400
2027		1,400
2028		18,700
	$	22,900

The Amendment also included customary representations and warranties and requires us to comply with customary covenants, including, among other things, the following financial covenants:

●

Maintain a ratio of funded debt to EBITDA not exceeding:

2.25:1.0 through July 30, 2024; and

2.00:1.00 thereafter.

●

A basic fixed charge coverage ratio of at least 1.25:1.00; and

●

Limit capital expenditures to no more than $15.0 million during any fiscal year.

The Existing Loan Agreement also limits our right to incur other indebtedness, make certain investments and create liens upon our assets, subject to certain exceptions, among other restrictions. The Existing Loan Agreement does not restrict our ability to pay cash dividends on, or repurchase, shares of our common stock, subject to our compliance with the financial covenants discussed above, if we are not otherwise in default under the Existing Loan Agreement.

We were in compliance with each of these financial covenants at January 28, 2024 and expect to remain in compliance with existing covenants for the foreseeable future.

As of January 28, 2024, we had $28.3 million available under our $35 million Existing Revolver to fund working capital needs. Standby letters of credit in the aggregate amount of $6.7 million, used to collateralize certain insurance arrangements and for imported product purchases, were outstanding under the Existing Revolver as of January 28, 2024 There were no additional borrowings outstanding under the Existing Revolver as of January 28, 2024.

EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Jan. 28, 2024

Supplemental Retirement Income Plan ("SRIP") and Supplemental Executive Retirement Plan ("SERP") [Member]

EMPLOYEE BENEFIT PLANS (Tables) [Line Items]

Schedule of Defined Benefit Plans Disclosures [Table Text Block]

Summarized SRIP and SERP information as of each fiscal year-end (the measurement date) is as follows:

	SRIP (Supplemental Retirement Income Plan)
	January 28,			January 29,
	2024			2023
Change in benefit obligation:
Beginning projected benefit obligation	$	7,976		$	9,426
Service cost		58			126
Interest cost		364			243
Benefits paid		(877	)		(815	)
Actuarial (gain)/ loss		(150	)		(1,004	)
Ending projected benefit obligation (funded status)	$	7,371		$	7,976

Accumulated benefit obligation	$	7,209		$	7,783

Discount rate used to value the ending benefit obligations:		5.05	%		4.85	%

Amount recognized in the consolidated balance sheets:
Current liabilities (Accrued salaries, wages and benefits line)	$	961		$	877
Non-current liabilities (Deferred compensation line)		6,410			7,099
Total	$	7,371		$	7,976

	SERP (Supplemental Executive Retirement Plan)
	January 28,			January 29,
	2024			2023
Change in benefit obligation:
Beginning projected benefit obligation	$	1,295		$	1,531
Service cost		-			-
Interest cost		57			41
Benefits paid		(157	)		(158	)
Actuarial (gain)/loss		29			(119	)
Ending projected benefit obligation (funded status)	$	1,224		$	1,295

Accumulated benefit obligation	$	1,224		$	1,295

Discount rate used to value the ending benefit obligations:		4.90	%		4.70	%

Amount recognized in the consolidated balance sheets:
Current liabilities (Accrued salaries, wages and benefits line)	$	155		$	155
Non-current liabilities (Deferred compensation line)		1,069			1,140
Total	$	1,224		$	1,295

Schedule of Net Benefit Costs [Table Text Block]

	Fifty-Two Weeks Ended
	January 28,			January 29,			January 30,
	2024			2023			2022
Net periodic benefit cost
Service cost	$	58		$	126		$	133
Interest cost		364			243			178
Net (gain)/loss		(279	)		83			402
Net periodic benefit cost	$	143		$	452		$	713


Other changes recognized in accumulated other comprehensive income
Net (gain) / loss arising during period		(150	)		(1,004	)		(553	)
Amortizations:
Gain (loss)		279			(83	)		(402	)
Total recognized in other comprehensive income		129			(1,087	)		(955	)

Total recognized in net periodic benefit cost and accumulated other comprehensive income	$	272		$	(635	)	$	(242	)

Assumptions used to determine net periodic benefit cost:
Discount rate		4.85	%		2.70	%		1.75	%
Increase in future compensation levels		4.00	%		4.00	%		4.00	%

	Fifty-Two Weeks Ended
	January 28,			January 29,			January 30,
	2024			2023			2022
Net periodic benefit cost
Service cost	$	-		$	-		$	-
Interest cost		57			41			34
Net gain		(15	)		(2	)
Net periodic benefit cost	$	42		$	39		$	34


Other changes recognized in accumulated other comprehensive income
Net (gain)/loss arising during period		29			(119	)		(39	)
Amortizations:
Gain (Loss)		15			2			-
Total recognized in other comprehensive income		44			(117	)		(39	)

Total recognized in net periodic benefit cost and accumulated other comprehensive income	$	86		$	(78	)	$	(5	)

Assumptions used to determine net periodic benefit cost:
Discount rate		4.70	%		2.80	%		2.10	%
Increase in future compensation levels		N/A			N/A			N/A

Schedule of Expected Benefit Payments [Table Text Block]

Estimated Future Benefit Payments:
Fiscal 2025	$	961
Fiscal 2026		961
Fiscal 2027		788
Fiscal 2028		813
Fiscal 2029		830
Fiscal 2030 through fiscal 2034		3,668

Pension Plan [Member]

EMPLOYEE BENEFIT PLANS (Tables) [Line Items]

Schedule of Expected Benefit Payments [Table Text Block]

Estimated Future Benefit Payments:
Fiscal 2025	$	155
Fiscal 2026		149
Fiscal 2027		142
Fiscal 2028		135
Fiscal 2029		127
Fiscal 2030 through fiscal 2034		504

INCOME TAXES (Details) - Schedule of Components of Income Tax Expense (Benefit) - USD ($) $ in Thousands	12 Months Ended
	Jan. 28, 2024	Jan. 29, 2023	Jan. 30, 2022
Current expense
Federal	$ 6	$ 1,024	$ 650
Foreign	47	75	107
State	0	223	307
Total current expense	53	1,322	1,064
Deferred taxes
Federal	2,227	(2,617)	1,980
State	293	(542)	344
Total deferred taxes	2,520	(3,159)	2,324
Income tax (benefit)/expense	$ 2,573	$ (1,837)	$ 3,388