Flexsteel Industries, Inc. (NasdaqGS:FLXS) is looking for acquisitions. Derek Schmidt, President said, "In terms of capital allocation, Budd, so I laid out earlier in the call, these pursuits to expand our penetration in new markets, we would look for value-enhancing acquisitions that would accelerate our penetration into one of those 3 areas, either help us address the needs of younger consumers, expand our product category penetration beyond the living room or expand our sales distribution beyond the independent retailer. So the areas that we've kind of talked about in terms of acquisition priorities would be potential outdoor company, a direct-to-consumer company or a company with a modern, mid-priced lifestyle kind of brand.

So we would expect to start to potentially accumulate some cash on the balance sheet and more proactively look for value-enhancing acquisitions".