HAVERTY FURNITURE COMPANIES INC
For the period ended Dec 31, 2023. Filed Mar 7, 2024.
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FY2023 · Filed Mar 7, 2024
HVT$26.18+4.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Stockholders’ Equity
| Year Ended December 31, | ||||||||
|---|---|---|---|---|---|---|---|---|
| (In thousands, except per share data) · 2023 · 2022 · 2021 | ||||||||
| Shares · Dollars · Shares · Dollars · Shares · Dollars | ||||||||
| Common Stock: | ||||||||
| Beginning balance | 30,006 | $30,006 | 29,907 | $29,907 | 29,600 | $29,600 | ||
| Conversion of Class A Common Stock | 2 | 2 | 3 | 3 | 187 | 187 | ||
| Stock compensation transactions, net | 212 | 212 | 96 | 96 | 120 | 120 | ||
| Ending balance | 30,220 | 30,220 | 30,006 | 30,006 | 29,907 | 29,907 | ||
| Class A Common Stock: | ||||||||
| Beginning balance | 1,806 | 1,806 | 1,809 | 1,809 | 1,996 | 1,996 | ||
| Conversion to Common Stock | (2) | (2) | (3) | (3) | (187) | (187) | ||
| Ending balance | 1,804 | 1,804 | 1,806 | 1,806 | 1,809 | 1,809 | ||
| Treasury Stock: | ||||||||
| Beginning balance (includes 522 shares Class A Stock for each of the years presented; remainder are Common Stock) | (15,662) | (248,756) | (14,591) | (219,008) | (13,384) | (177,545) | ||
| Directors’ Compensation Plan | 12 | 197 | 16 | 250 | 25 | 346 | ||
| Purchases | (227) | (6,895) | (1,087) | (29,998) | (1,232) | (41,809) | ||
| Ending balance | (15,877) | (255,454) | (15,662) | (248,756) | (14,591) | (219,008) | ||
| Additional Paid-In Capital: | ||||||||
| Beginning balance | 108,706 | 102,572 | 96,850 | |||||
| Shares issued under incentive plans, net | (4,289) | (1,768) | (3,014) | |||||
| Directors’ Compensation Plan | 880 | 707 | 523 | |||||
| Stock-based compensation expense | 8,010 | 7,195 | 8,213 | |||||
| Ending balance | 113,307 | 108,706 | 102,572 | |||||
| Retained Earnings: | ||||||||
| Beginning balance | 398,393 | 342,983 | 304,626 | |||||
| Net income | 56,319 | 89,358 | 90,803 | |||||
| Cash dividends per share:Common Stock: 2023 – $2.18; 2022 - $2.09; and 2021 – $2.97Class A Common Stock: 2023 - $2.05; 2022 - $1.96; and 2021– $2.79 | (35,240) | (33,948) | (52,446) | |||||
| Ending balance | 419,472 | 398,393 | 342,983 | |||||
| Accumulated Other Comprehensive Loss: | ||||||||
| Beginning balance | (756) | (2,293) | (2,560) | |||||
| Pension liabilities adjustment, net of taxes | (227) | 1,537 | 267 | |||||
| Ending balance | (983) | (756) | (2,293) | |||||
| Total Stockholders’ Equity | $308,366 | $289,399 | $255,970 | |||||
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