Hooker furniture says recorded $44.3 million in non-cash impairment charges

Hooker furniture - recorded $44.3 million in non-cash impairment charges.hooker furniture - impairment charges in q1 were to write down goodwill, some tradenames in home meridian unit & goodwill in shenandoah unit of domestic upholstery segment.hooker furniture corp - covid-19 had a material impact on financial performance in fiscal 2021 q1.hooker furniture corp - determined that another intangible asset valuation was appropriate given co's performance and changing market dynamics.hooker furniture corp - orders plummeted over 70% year-over-year in march and approximately 65% in april.hooker furniture corp - orders declined significantly in first few weeks of may but recovered resulting in about 5% overall reduction for full month.hooker furniture corp - fiscal june and july orders have continued this positive trend.hooker furniture corp - qtrly net sales $104.6 million versus $135.5 million.hooker furniture corp - qtrly loss per share $2.95.
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