NOTE 18 - SUBSEQUENT EVENTS (Tables)

12 Months Ended

Jan. 31, 2016

Subsequent Events [Abstract]

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

The consideration and components of Hooker Furniture’s initial fair value allocation of the purchase price paid at closing and in the subsequent Net Working Capital Adjustment consisted of the following:

Fair value estimates of assets acquired and liabilities assumed
Purchase price consideration
Cash paid for assets acquired	$	85,000
Value of shares issued for assets acquired		15,000
Value of shares issued for excess net working capital		5,267
Cash paid for net working capital adjustment		995
Total purchase price	$	106,262
Accounts receivable	$	45,360
Inventory		37,607
Prepaid expenses and other current assets		2,045
Property and equipment		5,814
Intangible assets		28,800
Goodwill		21,023
Accounts payable and accrued expenses		(18,948	)
Accrued expenses		(6,783	)
Pension plan and deferred compensation liabilities		(8,656	)
Total purchase price	$	106,262