{"id":1534,"date":"2013-08-08T08:10:40","date_gmt":"2013-08-08T02:40:40","guid":{"rendered":"http:\/\/indonesia-furniture.com\/news\/2013\/08\/08\/hooker-furniture-lowers-estimates-of-charges-from-closure-of-roanoke-plant\/"},"modified":"2013-08-08T08:10:40","modified_gmt":"2013-08-08T02:40:40","slug":"hooker-furniture-lowers-estimates-of-charges-from-closure-of-roanoke-plant","status":"publish","type":"post","link":"https:\/\/indonesia-furniture.com\/articles\/hooker-furniture-lowers-estimates-of-charges-from-closure-of-roanoke-plant\/","title":{"rendered":"Hooker Furniture lowers estimates of charges from closure of Roanoke plant"},"content":{"rendered":"<p>Hooker Furniture Corp. on Tuesday lowered its estimate of charges from the closure of its plant in Roanoke, Virginia, saying it entered into a definitive agreement to sell the property and equipment in late July.<br \/>\n                        <!--adsense--><br \/>\n\t\t <!--more--><br \/>\nThe company said in a federal filing that it expects restructuring and related charges of $1.9 million to $2.1 million after taxes, or 16 cents to 18 cents a share, with the majority to be recorded in the third quarter. Hooker said the charges would lead to future expenditures for severance and related worker benefits costs.<\/p>\n<p>The Roanoke plant, one of two Hooker plants in Virginia that make wood furniture, has about 275 employees, or 20 percent of the company\u00e2\u20ac\u2122s total workforce.<\/p>\n<p>The decision to close the plant, which makes home office and home entertainment furniture, followed a drop in orders for wood furniture made in the United States and rising demand for imported products.<\/p>\n<p>Hooker shares were off 51 cents, or 3 percent, at $14.94 on Nasdaq. The stock is down about 12 percent so far this year.<br \/>\n &#8211;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hooker Furniture Corp. on Tuesday lowered its estimate of charges from the closure of its plant in Roanoke, Virginia, saying it entered into a definitive agreement to sell the property and equipment in late July.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-1534","post","type-post","status-publish","format-standard","hentry","category-furniture-world-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/1534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/comments?post=1534"}],"version-history":[{"count":0,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/1534\/revisions"}],"wp:attachment":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/media?parent=1534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/categories?post=1534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/tags?post=1534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}