Document and Entity Information
Document and Entity Information | 12 Months Ended |
Feb. 02, 2019USD ($)shares | |
Document and Entity Information [Abstract] | |
Entity Registrant Name | Cato Corp |
Entity Central Index Key | 0000018255 |
Document Type | 10-K |
Document Period End Date | Feb. 2, 2019 |
Amendment Flag | false |
Current Fiscal Year End Date | --02-02 |
Entity Well Known Seasoned Issuer | Yes |
Entity Voluntary Filers | No |
Entity Current Reporting Status | Yes |
Entity Filer Category | Large Accelerated Filer |
Class of Stock [Line Items] | |
Document Fiscal Year Focus | 2018 |
Document Fiscal Period Focus | CY |
Entity Public Float | $ | $ 557,163,226 |
EntityEmergingGrowthCompany | false |
EntitySmallBusiness | false |
EntityShellCompany | false |
Common Class A [Member] | |
Class of Stock [Line Items] | |
Entity Common Stock, Shares Outstanding (actual number) | 22,838,149 |
Common Class B [Member] | |
Class of Stock [Line Items] | |
Entity Common Stock, Shares Outstanding (actual number) | 1,763,652 |
Condensed Consolidated Income S
Condensed Consolidated Income Statements Of Income and Comprehensive Income - USD ($) | 12 Months Ended | ||
Feb. 02, 2019 | Feb. 03, 2018 | Jan. 28, 2017 | |
Revenues | |||
Retail sales | $ 821,113,000 | $ 841,997,000 | $ 947,370,000 |
Other income (principally finance charges, late fees and layaway charges) | 8,551,000 | 7,984,000 | 9,199,000 |
Total revenues | 829,664,000 | 849,981,000 | 956,569,000 |
COSTS AND EXPENSES, NET | |||
Cost of goods sold (exclusive of depreciation shown below) | 522,535,000 | 553,058,000 | 601,985,000 |
Selling, general and administrative (exclusive of depreciation shown below) | 262,510,000 | 266,304,000 | 289,619,000 |
Depreciation | 16,463,000 | 19,643,000 | 22,716,000 |
Interest Expense | 96,000 | 114,000 | 176,000 |
Interest and other income | 4,991,000 | 5,111,000 | 7,041,000 |
Cost and expenses, net | 796,613,000 | 834,008,000 | 907,455,000 |
Income before income taxes | 33,051,000 | 15,973,000 | 49,114,000 |
Income tax expense | 2,590,000 | 7,433,000 | 1,902,000 |
Net income | $ 30,461,000 | $ 8,540,000 | $ 47,212,000 |
Basic earnings per share | $ 1.23 | $ 0.34 | $ 1.72 |
Diluted earnings per share | 1.23 | 0.34 | 1.72 |
Dividends per share | $ 1.32 | $ 1.32 | $ 1.29 |
Comprehensive income | |||
Net income | $ 30,461,000 | $ 8,540,000 | $ 47,212,000 |
Accumulated Other Comprehensive Income | (244,000) | 107,000 | 1,014,000 |
Comprehensive income | $ 30,705,000 | $ 8,433,000 | $ 46,198,000 |
Condensed Consolidated Income_2
Condensed Consolidated Income Statements Of Income and Comprehensive Income (Parentheticals) - USD ($) | 12 Months Ended | ||
Feb. 02, 2019 | Feb. 03, 2018 | Jan. 28, 2017 | |
OtherComprehensiveIncomeLossTaxParentheticalDisclosuresAbstract | |||
Tax Effect of Unrealized Gains (Losses) On Available-For-Sale Securities | $ 77,000 | $ 28,000 | $ (608,000) |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Feb. 02, 2019 | Feb. 03, 2018 |
Current Assets: | ||
Cash and cash equivalents | $ 24,603,000 | $ 78,047,000 |
Short-term investments | 182,711,000 | 118,836,000 |
Restricted Cash | 606,000 | 3,217,000 |
Restricted short term investments | 3,196,000 | 505,000 |
Accounts receivable, net of allowance for doubtful accounts | 28,137,000 | 28,018,000 |
Merchandise inventories | 119,585,000 | 121,535,000 |
Deferred income taxes | 0 | 0 |
Prepaid expenses | 11,750,000 | 22,322,000 |
Total Current Assets | 370,588,000 | 372,480,000 |
Property and equipment - net | 94,304,000 | 109,368,000 |
Noncurrent deferred tax asset | 11,209,000 | 12,570,000 |
Other assets | 21,805,000 | 21,658,000 |
Total Assets | 497,906,000 | 516,076,000 |
Current Liabilities: | ||
Accounts payable | 84,282,000 | 82,605,000 |
Accrued expenses | 45,658,000 | 52,825,000 |
Accrued bonus and benefits | 11,146,000 | 2,971,000 |
Accrued income taxes | 0 | 680,000 |
Total Current Liabilities | 141,086,000 | 139,081,000 |
Deferred tax liabilities noncurrent | 0 | 0 |
Other noncurrent liabilities (primarily deferred rent) | 39,984,000 | 50,642,000 |
Commitments And Contingencies | 0 | 0 |
Stockholders' Equity: | ||
Preferred stock, $100 par value per share, 100,000 shares authorized, none issued | 0 | 0 |
Class of Stock [Line Items] | ||
Common stock | 826,000 | 832,000 |
Additional paid-in capital | 105,580,000 | 99,948,000 |
Retained earnings | 210,507,000 | 225,894,000 |
AccumulatedOtherComprehensiveIncomeLossNetOfTax | (77,000) | (321,000) |
Total Stockholders' Equity | 316,836,000 | 326,353,000 |
Liabilities And Stockholders Equity | 497,906,000 | 516,076,000 |
Common Class A [Member] | ||
Class of Stock [Line Items] | ||
Common stock | 767,000 | 774,000 |
Common Class B [Member] | ||
Class of Stock [Line Items] | ||
Common stock | $ 59,000 | $ 58,000 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - USD ($) | Feb. 02, 2019 | Feb. 03, 2018 |
Class of Stock [Line Items] | ||
Allowance For Doubtful Accounts Receivable Current | $ 842,000 | $ 1,148,000 |
Preferred Stock Par Or Stated Value Per Share | $ 100 | $ 100,000 |
Preferred Stock Shares Authorized | 100,000 | 100,000 |
Preferred Stock Shares Issued | 0 | 0 |
Common Class B [Member] | ||
Class of Stock [Line Items] | ||
Common Stock Shares Authorized | 15,000,000 | 15,000,000 |
Common Stock Shares Issued | 1,763,652 | 1,755,601 |
Common Stock Par Or Stated Value Per Share | $ 0.033 | $ 0.033 |
Common Class A [Member] | ||
Class of Stock [Line Items] | ||
Common Stock Shares Authorized | 50,000,000 | 50,000,000 |
Common Stock Shares Issued | 22,838,149 | 23,045,039 |
Common Stock Par Or Stated Value Per Share | $ 0.033 | $ 0.033 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) | 12 Months Ended | ||
Feb. 02, 2019 | Feb. 03, 2018 | Jan. 28, 2017 | |
OPERATING ACTIVITIES | |||
Net income | $ 30,461,000 | $ 8,540,000 | $ 47,212,000 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation | 16,463,000 | 19,643,000 | 22,716,000 |
Provision For Doubtful Accounts | 470,000 | 690,000 | 832,000 |
Purchase premium and premium amortization | 576,000 | 3,834,000 | 783,000 |
Share Based Compensation | 4,939,000 | 4,196,000 | 4,199,000 |
Excess tax benefits from share-based compensation | 0 | 0 | 40,000 |
Deferred income taxes | 1,285,000 | 1,176,000 | (2,884,000) |
Loss on disposal of property and equipment | 1,089,000 | 2,127,000 | 2,060,000 |
Impairment | 1,548,000 | 7,698,000 | 13,561,000 |
Changes in operating assets and liabilities which provided (used) cash: | |||
Accounts receivable | (579,000) | 1,780,000 | 5,442,000 |
Merchandise inventories | 1,950,000 | 24,147,000 | (4,581,000) |
Prepaid and other assets | 10,384,000 | (7,459,000) | (9,877,000) |
Accrued income taxes | (680,000) | (1,602,000) | 879,000 |
Accounts payable, accrued expenses and other liabilities | (7,662,000) | (28,780,000) | (8,254,000) |
Net cash provided by operating activities | 60,244,000 | 35,990,000 | 72,128,000 |
INVESTING ACTIVITIES | |||
Capital expenditures | (4,354,000) | (11,096,000) | (27,297,000) |
Purchase of short-term investments | (157,515,000) | (15,770,000) | (113,031,000) |
Sales of short-term investments | 91,023,000 | 95,203,000 | 125,186,000 |
Purchase of Other Assets | (298,000) | (657,000) | (290,000) |
Sales Of Other Assets | (7,000) | (6,000) | 0 |
Change in restricted cash and investments | 0 | 0 | 0 |
Net cash used in investing activities | (71,137,000) | 67,686,000 | (15,432,000) |
FINANCING ACTIVITIES | |||
Dividends paid | (32,577,000) | (33,731,000) | (35,432,000) |
Repurchase of common stock | (13,344,000) | (38,878,000) | (42,564,000) |
Proceeds from lines of credit | 0 | 21,000,000 | 29,500,000 |
Payments to lines of credit | 0 | (21,000,000) | (29,500,000) |
Proceeds from employee stock purchase plan | 570,000 | 484,000 | 501,000 |
Excess tax benefits from share-based compensation financing activities | 0 | 0 | (40,000) |
Proceeds From Stock Options Exercised | 189,000 | 95,000 | 230,000 |
Net cash provided used in financing activities | (45,162,000) | (72,030,000) | (77,305,000) |
Net increase in cash and cash equivalents | (56,055,000) | 31,646,000 | (20,609,000) |
Cash and cash equivalents at beginning of period | 78,047,000 | 49,618,000 | |
Effect of Exchange Rate On Cash | 0 | 0 | 0 |
Cash and cash equivalents at end of period | 24,603,000 | 78,047,000 | 49,618,000 |
Change in Accrued PPE | 326,000 | 634,000 | 1,099,000 |
Change in Accrued Treasury Stock | $ 0 | $ 0 | $ 1,853,000 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Equity - USD ($) | Total | Class A Common Stock | Convertible Class B Common Stock | Common Stock Including Additional Paid in Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) |
Balance at Jan. 30, 2016 | $ 877,000 | $ 58,000 | $ 90,336,000 | $ 320,594,000 | $ 800,000 | |
Net income | $ 47,212,000 | 0 | 0 | 0 | 47,212,000 | 0 |
Accumulated Other Comprehensive Income | 1,014,000 | 0 | 0 | 0 | 0 | (1,014,000) |
Dividends | 0 | 0 | 0 | (35,432,000) | 0 | |
Class A common stock sold through employee stock purchase plan | 1,000 | 0 | 590,000 | 0 | 0 | |
Class A common stock sold through stock option plans | 0 | 0 | 248,000 | 0 | 0 | |
Class A common stock issued through restricted stock grant plans | 3,000 | 0 | 4,073,000 | 15,000 | 0 | |
Windfall tax benefit from equity compensation plans | 0 | 0 | (40,000) | 0 | 0 | |
Retirement of treasury sharess | (44,000) | 0 | 0 | (44,374,000) | 0 | |
Balance at Jan. 28, 2017 | 837,000 | 58,000 | 95,207,000 | 288,015,000 | (214,000) | |
Net income | 8,540,000 | 0 | 0 | 0 | 8,540,000 | 0 |
Accumulated Other Comprehensive Income | 107,000 | 0 | 0 | 0 | 0 | (107,000) |
Dividends | 0 | 0 | 0 | (33,731,000) | 0 | |
Class A common stock sold through employee stock purchase plan | 1,000 | 0 | 569,000 | 0 | 0 | |
Class A common stock sold through stock option plans | 0 | 0 | 112,000 | 0 | 0 | |
Class A common stock issued through restricted stock grant plans | 6,000 | 0 | 4,060,000 | 27,000 | 0 | |
Windfall tax benefit from equity compensation plans | 0 | 0 | 0 | 0 | 0 | |
Retirement of treasury sharess | (70,000) | 0 | 0 | (36,957,000) | 0 | |
Balance at Feb. 03, 2018 | 774,000 | 58,000 | 99,948,000 | 225,894,000 | (321,000) | |
Net income | 30,461,000 | 0 | 0 | 0 | 30,461,000 | 0 |
Accumulated Other Comprehensive Income | $ (244,000) | 0 | 0 | 0 | 0 | 244,000 |
Dividends | 0 | 0 | 0 | (32,577,000) | 0 | |
Class A common stock sold through employee stock purchase plan | 2,000 | 0 | 669,000 | 0 | 0 | |
Class A common stock sold through stock option plans | 0 | 1,000 | 194,000 | 0 | 0 | |
Class A common stock issued through restricted stock grant plans | 11,000 | 0 | 4,769,000 | 54,000 | 0 | |
Windfall tax benefit from equity compensation plans | 0 | 0 | 0 | 0 | 0 | |
Retirement of treasury sharess | (20,000) | 0 | 0 | (13,325,000) | 0 | |
Balance at Feb. 02, 2019 | $ 767,000 | $ 59,000 | $ 105,580,000 | $ 210,507,000 | $ (77,000) |
Consolidated Statements of St_2
Consolidated Statements of Stockholders' Equity (Parentheticals) - USD ($) | 12 Months Ended | ||
Feb. 02, 2019 | Feb. 03, 2018 | Jan. 28, 2017 | |
us-gaap_StatementOfStockholdersEquityAbstract | |||
Tax Effect of Unrealized Gains (Losses) On Available-For-Sale Securities | $ 77,000 | $ 28,000 | $ (608,000) |
Stock Transactions, Parenthetical Disclosures [Abstract] | |||
Dividends per share | $ 1.32 | $ 1.32 | $ 1.29 |
Class A common stock shares sold through employee stock purchase plans | 44,770 | 34,238 | 17,455 |
Exercised | 8,051 | 4,025 | |
Class A common stock shares issued through restricted stock grant plans | 341,744 | 169,907 | 96,465 |
Retirement of treasury shares - retired shares | 593,404 | 2,082,535 | 1,320,182 |
Interest and Other Income
Interest and Other Income | 12 Months Ended |
Feb. 02, 2019 | |
Interestand Other Income Disclosure Text Block Abstract 1 [Abstract] | |
Interest and Other Income [Text Block] | 2. Interest and Other Income: The components of Interest and other income are shown below (in thousands): February 2, 2019 February 3, 2018 January 28, 2017 Dividend income $ (34) $ (22) $ (21) Interest income (3,893) (2,433) (2,308) Miscellaneous income (1,109) (2,616) (4,439) Net loss (gain) on investment sales 45 (40) (273) Interest and other income $ (4,991) $ (5,111) $ (7,041) |
Short-term and Other Investment
Short-term and Other Investments | 12 Months Ended |
Feb. 02, 2019 | |
InvestmentsDebtAndEquitySecuritiesAbstract | |
Short-Term and Other Investments | 3. Short-Term Investments: At February 2, 2019 , the Company’s investment portfolio was primarily invested in governmental debt securities held in managed accounts. These securities are classified as available-for-sale as they are highly liquid and are recorded on the Consolidated Balance Sheets at estimated fair value, with unrealized gains and temporary losses reported net of taxes in Accumulated other comprehensive income. The table below reflects gross accumulated unrealized gains (losses) in short-term investments at February 2, 2019 and February 3, 2018 (in thousands): February 2, 2019 February 3, 2018 Debt securities Debt securities issued by the U.S issued by the U.S Government, its various Government, its various States, municipalities Corporate States, municipalities Corporate and agencies debt and agencies debt of each securities Total of each securities Total Cost basis ] 71,953 $ 114,372 $ 186,325 $ 96,701 $ 23,079 $ 119,780 Unrealized gains - - - - - - Unrealized (loss) (371) (147) (518) (718) (226) (944) Estimated fair value $ 71,582 $ 114,225 $ 185,807 $ 95,983 $ 22,853 $ 118,836 Accumulated other comprehensive income on the Consolidated Balance Sheets reflects the accumulated unrealized net gains in short-term investments in addition to unrealized gains from equity investments and restricted cash investments. The table below reflects gross accumulated unrealized gains in these investments at February 2, 2019 and February 3, 2018 (in thousands) February 2, 2019 February 3, 2018 Deferred Unrealized Deferred Unrealized Unrealized Tax Net Gain/ Unrealized Tax Net Gain/ Security Type Gain/(Loss) Benefit (Loss) Gain/(Loss) Benefit (Loss) Short-Term Investments $ (518) $ 121 $ (397) $ (945) $ 225 $ (720) Equity Investments 417 (97) 320 524 (125) 399 Total $ (101) $ 24 $ (77) $ (421) $ 100 $ (321) |
Supplemental Cash Flow Informat
Supplemental Cash Flow Information - Notes to Financial Statements | 12 Months Ended |
Feb. 02, 2019 | |
Supplemental Cash Flow Information Abstract Cato [Abstract] | |
Supplemental Cash Flow Information | Supplemental Cash Flow Information: Income tax payments, net of refunds received, for the fiscal years en ded February 2, 2019 , February 3, 2018 and January 28, 2017 were a refund of $407,000 , and payments of $4,356,000 and $14,118,000 , respectively. |
Fair Value Measurements - Notes
Fair Value Measurements - Notes to Financial Statements | 12 Months Ended |
Feb. 02, 2019 | |
FairValue Measurements [Abstract] | |
Fair Value Disclosures Text Block | 4. Fair Value Measurements: The following tables set forth information regarding the Company’s financial assets that are measured at fair value as of February 2, 2019 and February 3, 2018 (in thousands): Prices in Active Significant Markets for Other Significant Identical Observable Unobservable February 2, 2019 Assets Inputs Inputs Description Level 1 Level 2 Level 3 Assets: State/Municipal Bonds $ 54,346 $ - $ 54,346 $ - Corporate Bonds 90,891 - 90,891 - U.S. Treasury/Agencies Notes and Bonds 17,236 - 17,236 - Cash Surrender Value of Life Insurance 9,093 - - 9,093 Asset-backed Securities (ABS) 23,334 - 23,334 - Corporate Equities 690 690 - - Certificates of Deposit 101 101 - - Total Assets $ 195,691 $ 791 $ 185,807 $ 9,093 Liabilities: Deferred Compensation (8,908) - - (8,908) Total Liabilities $ (8,908) $ - $ - $ (8,908) Prices in Active Significant Markets for Other Significant Identical Observable Unobservable February 3, 2018 Assets Inputs Inputs Description Level 1 Level 2 Level 3 Assets: State/Municipal Bonds $ 95,983 $ - $ 95,983 $ - Corporate Bonds 22,535 - 22,535 - U.S. Treasury/Agencies Notes and Bonds 404 404 - - Cash Surrender Value of Life Insurance 8,900 - - 8,900 Asset-backed Securities (ABS) 318 - 318 - Corporate Equities 798 798 - - Certificates of Deposit 100 100 - - Total Assets $ 129,038 $ 1,302 $ 118,836 $ 8,900 Liabilities: Deferred Compensation (8,951) - - (8,951) Total Liabilities $ (8,951) $ - $ - $ (8,951) The Company’s investment portfolio was primarily i nvested in corporate bonds and tax-exempt and taxable governmental debt securities held in managed accounts with underlying ratings of A or better at February 2, 2019 . The state, municipal and corporate bonds and asset-backed securities have contractual maturities which range from 1 month to 28.4 years . The U.S. Treasury Notes and Certificates of Deposit have contractual maturities which range from 1 month to 1 month . These securities are classified as available-for-sale and are recorded as Short-term investments, Restricted cash and short-term investments and Other asse ts on the accompanying Consolidated Balance Sheets. These assets are carried at fair valu e with unrealized gains and losses reported net of taxes in Accumulated other comprehensive income. The asset-backed securities are bonds comprised of auto loans and bank credit cards that carry AAA ratings. The auto loan asset-backed securities are backed by static pools of auto loans that were originated and serviced by captive auto finance units, banks or finance companies. The bank credit card asset-backed securities are backed by revolving pools of credit card receivables generated by account holders of cards from American Express, Citibank, JPMorgan Chase, Capital One, and Discover. Additionally, at February 2, 2019 , the Company had $0.7 million of corporate equities, which are recorded within Other assets in the Consolidated Balan ce Sheets. At February 3, 2018 , the Company had $0.8 million of corporate equities, which are recorded within Other assets in the Consolidated Balance Sheets. Level 1 category securities are measured at fair value using quoted active market prices. Level 2 investment securities include corporate and municipal bonds for which quoted prices may not be available on active exchanges for identical instruments. Their fair value is principally based on market values determined by management with assistance of a third - party pricing service. Since quoted prices in active markets for identical assets are not available, these prices are determined by the pricing service using observable market information such as quotes from less active markets and/or quoted prices of securities with similar characteristics, among other factors . Deferred compensation plan assets consist primarily of life insurance policies. These life insurance policies are valued based on the cash surrender value of the insura nce contract, which is determined based on such factors as the fair value of the underlying assets and discounted cash flow and a re therefore classified within L evel 3 o f the valuation hierarchy. The L evel 3 liability associated with the life insurance pol icies represents a deferred compensation obligation, the value of which is tracked via underlying insurance funds ’ net asset values, as recorded in Other noncurrent liabilities in the Consolidated Balance Sheets . These funds are designed to mirror the retu rn of existing mutual funds and money market funds that are observable and actively traded. The following tables summarize the change in fair value of the Company’s financial assets and liabilities measured using Level 3 inputs as of February 2, 2019 and February 3, 2018 (in thousands): Fair Value Measurements Using Significant Unobservable Asset Inputs (Level 3) Other Investments Cash Private Equity Surrender Value Beginning Balance at February 3, 2018 $ - $ 8,900 Additions - 596 Total gains or (losses) Included in interest and other income (or changes in net assets) - (403) Ending Balance at February 2, 2019 $ - $ 9,093 Fair Value Measurements Using Significant Unobservable Liability Inputs (Level 3) Deferred Compensation Beginning Balance at February 3, 2018 $ (8,951) Additions (105) Total (gains) or losses Included in interest and other income (or changes in net assets) 148 Ending Balance at February 2, 2019 $ (8,908) Fair Value Measurements Using Significant Unobservable Asset Inputs (Level 3) Other Investments Cash Private Equity Surrender Value Beginning Balance at January 28, 2017 $ - $ 7,973 Additions - 307 Total gains or (losses) Included in interest and other income (or changes in net assets) - 620 Ending Balance at February 3, 2018 $ - $ 8,900 Fair Value Measurements Using Significant Unobservable Liability Inputs (Level 3) Deferred Compensation Beginning Balance at January 28, 2017 $ (7,649) Additions (443) Total (gains) or losses Included in interest and other income (or changes in net assets) (859) Ending Balance at February 3, 2018 $ (8,951) |
Accounts Receivable
Accounts Receivable | 12 Months Ended |
Feb. 02, 2019 | |
Accounts Receivable Disclosure [Abstract] | |
Accounts Receivables | 5. Accounts Receivable: Accounts receivable consist of the following (in thousands): February 2, 2019 February 3, 2018 Customer accounts — principally deferred payment accounts $ 16,821 $ 18,004 Miscellaneous receivables 6,099 5,343 Bank card receivables 6,059 5,819 Total 28,979 29,166 Less allowance for doubtful accounts 842 1,148 Accounts receivable — net $ 28,137 $ 28,018 Finance charge and late charge revenue on customer deferred payment accounts totaled $3,814,000 , $4,222,000 and $4,906,000 for the fiscal years ended February 2, 2019 , February 3, 2018 and January 28, 2017 , respectively, and charges against the allowance for doubtful accounts were approximately $470,000 , $690,000 and $832,000 for the fiscal years ended February 2, 2019 , February 3, 2018 and January 28, 2017 , respectively. Expenses relating to the allowance for doubtful accounts are classified as a component of Selling, general and administrative expense in the accompanying Consolidated Statements of Income and Comprehensive Income. |
Property and Equipment
Property and Equipment | 12 Months Ended |
Feb. 02, 2019 | |
PropertyAndEquipmentDisclosureAbstract | |
Property and Equipment | 6. Property and Equipment: Property and equipment consist of the following (in thousands): February 2, 2019 February 3, 2018 Land and improvements $ 13,552 $ 13,550 Buildings 35,773 35,461 Leasehold improvements 90,827 93,620 Fixtures and equipment 212,012 217,873 Information technology equipment and software 58,473 58,458 Construction in progress - 64 Total 410,637 419,026 Less accumulated depreciation 316,333 309,658 Property and equipment — net $ 94,304 $ 109,368 Construction in progress primarily represents costs related to new store development and investments in new technology. |
Accrued Expenses
Accrued Expenses | 12 Months Ended |
Feb. 02, 2019 | |
Payables and Accruals [Abstract] | |
Accrued Expenses | 7. Accrued Expenses: Accrued expenses consist of the following (in thousands): February 2, 2019 February 3, 2018 Accrued employment and related items $ 9,252 $ 13,472 Property and other taxes 17,981 17,515 Accrued self-insurance 10,980 11,637 Fixed assets 326 634 Other 7,119 9,567 Total $ 45,658 $ 52,825 |
Financing Arrangements - Notes
Financing Arrangements - Notes to Financial Statements | 12 Months Ended |
Feb. 02, 2019 | |
Financing Arrangements [Abstract] | |
Financing Arrangements | 8. Financing Arrangements As of February 2, 2019 , the Company had an unsecured revolving credit agreement to borrow $35.0 million less the balance of any revocable credits discussed below . T he revolving credit agreement is committed until August 2019 . The credit agreement contains various financial covenants and limitations, including the maintenance of specific financial ratios with which the Company was in compliance as of February 2, 2019 . There were no borrowings outstanding under this credit facility as of February 2, 2019 , February 3, 2018 or January 28, 2017 . At February 2, 2019 , t he weighted average interest rate under the credit facili ty was zero due to no borrowings outstanding at the end of the year . At February 2, 2019 , February 3, 2018 and January 28, 2017 , the Company had no outstanding revocable letters of credit relating to purchase commitments. |
Stockholders' Equity
Stockholders' Equity | 12 Months Ended |
Feb. 02, 2019 | |
us-gaap_StockholdersEquityNoteAbstract | |
Stockholders' Equity | 9. Stockholders’ Equity: The holders of Class A Common Stock are entitled to one vote per share, whereas the holders of Class B Common Stock are entitled to ten votes per share. Each share of Class B Common Stock may be converted at any time into one share of Class A Common Stock. Subject to the rights of the holders of any shares of Preferred Stock that may be outstanding at the time, in the event of liquidation, dissolution or winding up of the Company, holders of Class A Common Stock are entitle d to receive a preferential distribution of $1.00 per share of the net assets of the Company. Cash dividends on the Class B Common Stock cannot be paid unless cash dividends of at least an equal amount are paid on the Class A Common Stock. The Compa ny’s certificate of incorporation provides that shares of Class B Common Stock may be transferred only to certain “Permitted Transferees” consisting generally of the lineal descendants of holders of Class B Common Stock, trusts for their benefit, corporati ons and partnerships controlled by them and the Company’s employee benefit plans. Any transfer of Class B Common Stock in violation of these restrictions, including a transfer to the Company, results in the automatic conversion of the transferred shares of Class B Common Stock held by the transferee into an equal number of shares of Class A Common Stock. On March 26, 2019 , the Company paid a quarterly dividend of $0.33 per share. |
Recent Accounting Pronouncement
Recent Accounting Pronouncements - Notes to Financial Statements | 12 Months Ended |
Feb. 02, 2019 | |
Recent Accounting Pronouncements [Abstract] | |
Recent Accounting Pronouncements | Recently Adopted Accounting Policies In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606),” that supersedes most current revenue recognition guidance and modifies the accounting treatment for certain costs associated with revenue generation. The core principle of the revised revenue recognition standard is that an entity should recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those good or services, and provides several steps to apply to achieve that principle. In addi tion, the new guidance enhances disclosure requirements to include more information about specific revenue contracts entered into by the entity. Effective at the beginning of fiscal 2018 the Company adopted this new standard. The Company has electe d the modified retrospective approach to transition to Topic 606. As required by this expedient, the Company assessed its open contracts with customers at February 3, 2018 to determine the cumulative effect of initially applying this standard. The Compan y concluded that the cumulative effect of initially applying this standard is not material. In addition, the Company assessed the financial line items impacted by adopting this standard compared to the previous revenue guidance. The Company concluded tha t any differences in financial statement line items are not material. Please refer to Note 1 , Summary of Significant Accounting Policies, for disclosures related to this adoption. In November 2016, the FASB issued ASU 2016-18, "Statement of Cash Flow s (Topic 230): Restricted Cash (a consensus of the FASB Emerging Issues Task Force)." This standard requires that restricted cash and restricted cash equivalents be included in cash and cash equivalents when reconciling the beginning-of-period and end-of-p eriod total amounts shown in the statement of cash flows. The Company adopted the provisions of ASU 2016-18 in the first quarter of 2018 using the retrospective transition method. The new guidance did not have a material impact on the financial statements . Recently Issued Accounting Pronouncements |
Employee Benefit Plans
Employee Benefit Plans | 12 Months Ended |
Feb. 02, 2019 | |
Compensation and Retirement Disclosure [Abstract] | |
Employee Benefit Plans | 10. Employee Benefit Plans: The Company has a defined contribution retirement savings plan (“401(k) plan”) which covers all associates who meet minimum age and service requirements. The 401(k) plan allows participants to contribute up to 75% of their annual compensation up to the maximum elective deferral, designated by the IRS. The Company is obligated to make a minimum contribution to cover plan administrative expenses. Further Company contributions are at the discretion of the Board of Direct ors. The Company’s contributions for the years ended February 2, 2019 , February 3, 2018 and January 28, 2017 were approximately $1,442,000 , $1,207,000 and $1,234,000 , respectively. The Company has a trusteed, non-contributory Employee Stock Ownership Plan (“ESOP”), which covers substantially all associates who meet minimum age and service requirements. The amount of the Company’s discretionary contribution to the ESOP is determined annually by the Compensation Committee of the Board of Directors and can be made in Company Class A Common stock or cash. The Company has chosen to contribute cash and the plan purchases stock on the open market consistent with prior years. The Committee approved a cont ribution of approximately $1,229,000 for the year ended February 2, 2019 . The Company’s contribution was $1,026,000 and $689,000 for the years ended February 3, 2018 and January 28, 2017 , respectively. The Company is primarily self-insured for healthcare. These costs are significant primarily due to the large number of the Company’s retail locations and associates. The Company’s self-insurance liabilities are based on the total estimated costs of claims filed and esti mates of claims incurred but not reported, less amounts paid against such claims. Management reviews current and historical claims data in developing its estimates. If the underlying facts and circumstances of the claims change or the historical trend is not indicative of future trends, then the Company may be required to record additional expense or a reduction to expense which could be material to the Company’s reported financial condition and results of operations. The Company funds healthcare contribut ions to a third-party provider. |
Leases
Leases | 12 Months Ended |
Feb. 02, 2019 | |
LeasesOperatingAbstract | |
Leases | 11. Leases: The Company has operating lease arrangements for store facilities and equipment. Facility leases generally are at a fixed rate for periods of five years with renewal options. For leases with landlord capital improvement funding, the funded amount is recorded as a deferred liability and amortized over the term of the lease as a reduction to rent expense on the Consolidated Statements of Income and Comprehensive Income . Equipme nt leases are generally for one-to three- year periods . The minimum rental commitments under non-cancelable operating leases are (in thousands): Fiscal Year 2019 $ 69,601 2020 51,943 2021 35,196 2022 21,242 2023 12,986 Thereafter 2,643 Total minimum lease payments $ 193,611 The following schedule shows the composition of total rental expense for all leases (in thousands): February 2, 2019 February 3, 2018 January 28, 2017 Fiscal Year Ended Minimum rentals $ 69,871 $ 70,971 $ 70,681 Contingent rent 1 - 3 Total rental expense $ 69,872 $ 70,971 $ 70,684 |
Income Taxes
Income Taxes | 12 Months Ended |
Feb. 02, 2019 | |
Income Taxes [Abstract] | |
Income Taxes | 12. Income Taxes: Unrecognized tax benefits for uncertain tax positions, primarily recorded in Other noncurrent liabilities, are established in accordance with ASC 740 when, despite the fact that the tax return positions are supportable, the Company believes these positions may be challenged and the results are uncertain. The Company adjusts these liabilities in light of chang ing facts and circumstances. As of February 2, 2019 , the Company had gross unrecognized tax benefits totaling approximately $8.5 million, of which approximately $10.6 million (inclusive of interest) woul d affect the effective tax rate if recognized. The Company had approximately $3.2 million, $2.8 million and $4.1 million of interest and penalties accrued related to uncertain tax positions as of February 2, 2019 , February 3, 2018 and January 28, 2017 , respectively. The Company recognizes interest and penalties related to the resolution of uncertain tax positions as a component of income tax expense. The Company recogn ized $1,023,000 , $986,000 and $716,000 of interest and penalties in the Consolidated Statement s of Income and Comprehensive Income for the years ended February 2, 2019 , February 3, 2018 and January 28, 2017 , respectively. The Company is no longer subject to U.S. federal income tax examinations for y ears before 2015 . In state and local tax jurisdictions, the Company has limited exposure before 2008 . During the next 12 months, various state and local taxing authorities’ statutes of limitations will expire and certain state examinations may close, which could result in a potential reduction of unrecognized tax benefits for which a range cannot be determined. A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows (in thousands): February 2, 2019 February 3, 2018 January 28, 2017 Fiscal Year Ended Balances, beginning $ 9,531 $ 10,668 $ 9,560 Additions for tax positions of the current year 420 2,537 2,618 Reduction for tax positions of prior years for: Changes in judgment - (1,209) - Settlements during the period (419) (390) (328) Lapses of applicable statutes of limitations (1,047) (2,075) (1,182) Balances, ending $ 8,485 $ 9,531 $ 10,668 The provision for income taxes consists of the following (in thousands): February 2, 2019 February 3, 2018 January 28, 2017 Fiscal Year Ended Current income taxes: Federal $ 281 $ 1,726 $ (411) State (359) 1,401 873 Foreign 1,371 1,952 2,053 Total 1,293 5,079 2,515 Deferred income taxes: Federal 2,064 3,816 45 State (767) (1,462) (644) Foreign - - (14) Total 1,297 2,354 (613) Total income tax expense $ 2,590 $ 7,433 $ 1,902 Significant components of the Company’s deferred tax assets and liabilities as of February 2, 2019 and February 3, 2018 are as follows (in thousands): February 2, 2019 February 3, 2018 Deferred tax assets: Allowance for doubtful accounts $ 180 $ 198 Inventory valuation 1,604 1,758 Non-deductible accrued liabilities 1,589 3,248 Other taxes 1,133 1,152 Federal benefit of uncertain tax positions 1,111 1,268 Equity compensation expense 4,242 4,321 Net Operating Losses 1,484 851 Charitable contribution carryover 1,568 2,041 State Tax Credits 1,150 789 Other 1,242 1,188 Total deferred tax assets 15,303 16,814 Deferred tax liabilities Property and equipment 1,529 1,859 Deferred lease liability 1,977 1,191 Accrued self-insurance reserves 481 1,043 Other 107 151 Total deferred tax liabilities 4,094 4,244 Net deferred tax assets $ 11,209 $ 12,570 As of February 2, 2019, the Company’s position is that its overseas subsidiaries will not invest undistributed earnings indefinitely. Future unremitted earnings when distributed are expected to be either distributions of GILTI-previously taxed income or eligible for a 100% dividends received deduction. The withholding tax rate on any unremitted earnings is zero and state income taxes on such earnings are considered immaterial. Therefore, the Company has not provided deferred U.S. income taxes on approximately $7.1 million of earnings from non-U.S. subsidiaries. The reconciliation of the Company’s effective income tax rate with the statutory rate is as follows: February 2, 2019 February 3, 2018 January 28, 2017 Fiscal Year Ended Federal income tax rate 21.0 % 33.7 % 35.0 % State income taxes 1.1 (4.7) (0.2) Global Intangible Low-taxed Income 6.2 - - Foreign Tax Credit (4.0) - - Foreign rate differential (2.6) (28.8) (9.3) Offshore Claim (5.7) (15.6) (4.1) Deemed Repatriation - 38.6 - Work Opportunity Credit (3.4) (6.0) (3.4) Addback on Wage Related Credits 0.7 2.0 1.2 Tax exempt interest (2.4) (4.4) (1.6) Charitable contribution of inventory - (1.0) (13.1) Uncertain tax positions (1.5) (4.4) 2.4 Deferred rate change (2.0) 39.2 - Other 0.4 (2.1) (3.0) Effective income tax rate 7.8 % 46.5 % 3.9 % The Tax Act enacted in fiscal 2017 significantly revised U.S. corporate income tax law by, among other things, reducing the corporate income tax rate to 21% and implementing a modified territorial tax system that includes a one-time transition tax on deemed repatriated earnings of for eign subsidiaries. In response to the Tax Act, the SEC issued SAB 118 , which allows issuers to recognize provisional estimates of the impact of the Tax Act in their financial statements and adjust in the period in which the estimate becomes finalized, or i n circumstances where estimates cannot be made, to disc lose and recognize within a one- year measurement period. As of February 2, 2019, the accounting for the income tax effects of the Tax Act has been completed. Implementation of the Tax Act during 2017 resulted in an approximate $6.2 million charge for the revaluation of the Company’s net domestic deferred tax assets and a one-time provisional transition tax charge of approximately $6.1 million, of which $5.7 million was recorded i n non-current liabilit ies in fiscal 2017 . As of February 2, 2019, the Company has finalized these amounts. The finalization of the revaluation of the Company’s net domestic deferred tax assets resulted in a $.5 million benefit included as a component of its current year provi sion for income taxes and the non-current liability associated with the one-time transition tax charge was extinguished in 2018. |
Quarterly Financial Data (Unaud
Quarterly Financial Data (Unaudited) | 12 Months Ended |
Feb. 02, 2019 | |
Quarterly Financial Information Disclosure [Abstract] | |
Quarterly Financial Information (Unaudited) | 13. Quarterly Financial Data (Unaudited): Summarized quarterly financial results are as follows (in thousands, except per share data): Fiscal 2018 First Second Third Fourth Total revenues $ 238,300 $ 208,917 $ 190,012 $ 192,435 Gross profit (exclusive of depreciation) 96,013 79,116 66,998 65,002 Net income (loss) 23,411 6,482 3,800 (3,232) Basic earnings per share $ 0.94 $ 0.26 $ 0.16 $ (0.13) Diluted earnings per share $ 0.94 $ 0.26 $ 0.16 $ (0.13) Fiscal 2017 First Second Third Fourth Total revenues $ 239,741 $ 206,961 $ 190,273 $ 213,006 Gross profit (exclusive of depreciation) 93,958 65,703 65,811 71,451 Net income (loss) 22,233 (881) 2,694 (15,506) Basic earnings per share $ 0.85 $ (0.03) $ 0.11 $ (0.62) Diluted earnings per share $ 0.85 $ (0.03) $ 0.11 $ (0.62) |
Reportable Segment Information
Reportable Segment Information - Notes to Financial Statements | 12 Months Ended |
Feb. 02, 2019 | |
Reportable Segment Information [Abstract] | |
Reportable Segment Information | 14. Reportable Segment Information The Company has determined that it has four operating segments, as defined under ASC 280-10, including Cato, It’s Fashion, Versona and Credit. As outlined in ASC 280-10, the Company has two reportable segments: Retail and Credit. The Company has aggregated its three retail operating segments, including e-commerce, based on the aggregation criteria outlined in ASC 280-10, which states that two or more operating segments may be aggregated into a single reportable segmen t if aggregation is consistent with the objective and basic principles of ASC 280-10, which require the segments have similar economic characteristics, products, production processes, clients and methods of distribution. The Company’s retail operating se gments have similar economic characteristics and similar operating, financial and competitive risks. They are similar in terms of product offered, as they all offer women’s apparel, shoes and accessories. Merchandise inventory of the Company’s retail ope rating segments is sourced from the same countries and some of the same vendors, using similar production processes. Merchandise for the Company’s retail operating segments is distributed to retail stores in a similar manner through the Company’s single d istribution center and is subsequently distributed to clients in a similar manner. The Company offers its own credit card to its customers and all credit authorizations, payment processing, and collection efforts are performed by a separate subsidiary of the Company. The following schedule summarizes certain segment information (in thousands): Fiscal 2018 Retail Credit Total Revenues $ 825,850 $ 3,814 $ 829,664 Depreciation 16,441 22 16,463 Interest and other income 4,991 - 4,991 Income before taxes 31,149 1,902 33,051 Capital expenditures 4,315 39 4,354 Fiscal 2017 Retail Credit Total Revenues $ 845,759 $ 4,222 $ 849,981 Depreciation 19,604 39 19,643 Interest and other income 5,111 - 5,111 Income before taxes 14,762 1,211 15,973 Capital expenditures 11,047 49 11,096 Fiscal 2016 Retail Credit Total Revenues $ 951,663 $ 4,906 $ 956,569 Depreciation 22,667 49 22,716 Interest and other income 7,041 - 7,041 Income before taxes 47,447 1,667 49,114 Capital expenditures 27,248 49 27,297 Retail Credit Total Total assets as of February 2, 2019 $ 454,143 $ 43,763 $ 497,906 Total assets as of February 3, 2018 469,652 46,424 516,076 The accounting policies of the segments are the same as those described in the Summary of Significant A ccounting P olicies in Note 1. The Company evaluates performance based on profit or loss from operations before income taxes. The Company does not allocate certain corporate expenses to the credit segment. The following schedule summarizes the direct expenses of the credit segment which are reflected in S elling, general and administrative expenses (in thousands): February 2, 2019 February 3, 2018 January 28, 2017 Bad debt expense $ - $ 690 $ 832 Payroll 749 861 865 Postage 506 546 635 Other expenses 635 875 858 Total expenses $ 1,890 $ 2,972 $ 3,190 |
Stock Based Compensation - Note
Stock Based Compensation - Notes to Financial Statements | 12 Months Ended |
Feb. 02, 2019 | |
Stock Based Compensation [Abstract] | |
Stock Based Compensation | 15. Stock Based Compensation: As of February 2, 2019 , the Company had four long-term compensation plans pursuant to which stock-based compensation was outstanding or could be granted. The Company’s 1987 Non-Qualified Stock Option Plan is for the granting of options to officers and key employees. As of February 2, 2019 , there were no available stock options for grant. The 2018 Incentive Compensation Plan, 2013 Incentive Compensation Plan and 2004 Amended and Restated Incentive Compensation Plan ar e for the granting of various forms of equity-based awards, including restricted stock and stock options for grant, to officers, directors and key employees. Effective May 24, 2018 and May 23, 2013, shares for grant were no longer available under the 2013 Incentive Compensation Plan and 2004 Amended and Restated Incentive Compensation Plan, respectively. The following table presents the number of options and shares of restricted stock initially authorized and available for grant under each of the plans as of February 2, 2019 : 1987 2004 2013 2018 Plan Plan Plan Plan Total Options and/or restricted stock initially authorized 5,850,000 1,350,000 1,500,000 4,725,000 13,425,000 Options and/or restricted stock available for grant: February 3, 2018 - - 856,473 - 856,473 February 2, 2019 - - - 4,514,151 4,514,151 In accordance with ASC 718, the fair value of current restricted stock awards is estimated on the date of grant based on the market price of the Company’s stock and is amortized to compensation expense on a straight-line basis over a five-year vesting period. As of February 2, 2019 , there was $11,989,000 of total unrecognized compensation expense related to unvested restricted stock awards, which is expected to be recognized over a remaining weighted-average vesting per iod of 2.2 years. The total grant date fair value of the shares recognized as compensation expense during the twelve months ended February 2, 2019 , February 3, 2018 and January 28, 2017 was $4,833,000 , $4,093,000 and $4,091,000 , respectively. The expenses are classified as a component of Selling, general and administrative expenses in the Consolidated Statements of Income and Comprehensive Income. The following summary shows the changes in the shares of unvested restricted stock outstanding during the years ended February 2, 2019 , February 3, 2018 and January 28, 2017 : Weighted Average Number of Grant Date Fair Shares Value Per Share Restricted stock awards at January 30, 2016 576,676 $ 29.71 Granted 148,591 36.83 Vested (103,808) 25.19 Forfeited or expired (60,136) 31.68 Restricted stock awards at January 28, 2017 561,323 $ 32.22 Granted 191,919 22.44 Vested (125,761) 26.40 Forfeited or expired (32,302) 31.52 Restricted stock awards at February 3, 2018 595,179 $ 30.33 Granted 354,385 16.20 Vested (139,669) 29.87 Forfeited or expired (38,044) 24.34 Restricted stock awards at February 2, 2019 771,851 $ 24.22 The Company’s Employee Stock Purchase Plan allows eligible full-time employees to purchase a limited number of shares of the Company’s Class A Common Stock during each semi-annual offering period at a 15% discount through payroll deductions. During the twelve month period ended February 2, 2019 , the Company sold 44,770 shares to employees at an average discount of $2.25 per share under the Employee Stock Purchase Plan. The compensation expense recognized for the 15% discount given under the Employee Stock Purchase Plan was approximately $101,000 , $86,000 and $88,000 for fiscal years 2018 , 2017 and 2016 , re spectively. These expenses are classified as a component of Selling, general and administrative expenses. The following is a summary of changes in stock options outstanding during the year ended February 2, 2019: Weighted Weighted Average Average Remaining Aggregate Exercise Contractual Intrinsic Shares Price Term Value (a) Options outstanding at February 3, 2018 8,051 $ 23.56 5.25 years $ - Granted - - Forfeited or expired - Exercised (8,051) - Outstanding at February 2, 2019 - $ - 0 years $ - Vested and exercisable at February 2, 2019 - $ - 0 years $ - (a) The intrinsic value of a stock option is the amount by which the market value of the underlying stock exceeds the exercise price of the option. No options were granted in fiscal 2018 , fiscal 2017 and fiscal 2016 . The Company utilizes the Black – Scholes method to estimate the fair value of share based payments. The total intrinsic value of options exercised during the year s ended February 2, 2019 , February 3, 2018 and January 28, 2017 were $5,000 , $0 and $109,000 , respectively . The stock option expense was $4,000 , $17,000 and $17,000 f or the t welve months ended February 2, 2019 , February 3, 2018 and January 28, 2017 , respectively. St ock option awards outstanding under the Company’s current plans were granted at exercise prices which were equal to the market value of the Company’s stock on the date of grant, vest over five years, and expire no later than ten years after the grant date. |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Feb. 02, 2019 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | 16. Commitments and Contingencies: The Company is, from time to time, involved in routine litigation incidental to the conduct of our business, including litigation regarding the merchandise that we sell, litigation regarding intellectual property, litigation instituted by persons injured upon premises under our control, litigation with respect to various employment matters, including alleged discrimination and wage and hour litigation, and litigation with present or former employees. During the third quarter of 2018 , the Company favorably sett led certain litigation matters , which are reflected in Selling, general and administ rative expenses in the Consolidated Statements of Income and Comprehensive Income. Although such litigation is routine and incidental to the conduct of our business, as with any business of our size with a significant number of employees and significant merchandise sales, such litigation could result in large monetary awards. Based on information currently available, management does not believe that any reasonably possible losses arising from current pending litigation will have a material adverse effect on our Consolidated Financial S tatements. However, given the inherent uncertainties involved in such matters, an adverse outcome in one or more such matters could materially and adversely affect the Company’s financial condition, results of operations and cash flows in any particular reporting period. The Compan y accrue s for these matters when the liability is deemed probable and reasonably estimable. |
Changes In Other Accumulated Co
Changes In Other Accumulated Comprehensive Income | 12 Months Ended |
Feb. 02, 2019 | |
Accumulatedothercomprehensiveincomelossdisclosure[Abstract] | |
Accumulatedothercomprehensiveincomelosstextblock | 17. Accumulated Other Comprehensive Income: T he following table set s forth information regarding the reclassification out of A ccumulated other comprehensive income (in thousands) as of February 2, 2019 : Changes in Accumulated Other Comprehensive Income (a) Unrealized Gains and (Losses) on Available-for-Sale Securities Beginning Balance at February 3, 2018 $ (321) Other comprehensive income/(loss) before reclassification 278 Amounts reclassified from accumulated other comprehensive income (b) (34) Net current-period other comprehensive income/(loss) 244 Ending Balance at February 2, 2019 $ (77) (a) All amounts are net-of-tax. Amounts in parentheses indicate a debit/reduction to other comprehensive income (“OCI”). (b) Includes ($45) impact of accumulated other comprehensive income reclassifications into Interest and other income for net gains on available-for-sale securities. The tax impact of this reclassification was ($11). Amounts in parentheses indicate a debit/reduction to OCI. The following table set s forth information regarding the reclassification out of A ccumulated other comprehensive income (in thousands) as of February 3, 2018 : Changes in Accumulated Other Comprehensive Income (a) Unrealized Gains and (Losses) on Available-for-Sale Securities Beginning Balance at January 28, 2017 $ (214) Other comprehensive income/(loss) before reclassification (135) Amounts reclassified from accumulated other comprehensive income (b) 28 Net current-period other comprehensive income/(loss) (107) Ending Balance at February 3, 2018 $ (321) (a) All amounts are net-of-tax. Amounts in parentheses indicate a debit/reduction to OCI. (b) Includes ($36) impact of accumulated other comprehensive income reclassifications into Interest and other income for net gains on available-for-sale securities. The tax impact of this reclassification was ($9). Amounts in parentheses indicate a debit/reduction to OCI. |
Summary Of Accounting Policies
Summary Of Accounting Policies - (Policies) | 12 Months Ended |
Feb. 02, 2019 | |
General Dsiclosure [Abstract] | |
Principles Of Consolidation | Principles of Consolidation: The Consolidated Financial Statements include the accounts of The Cato Corporation and its wholly-owned subsidiaries (the “Company”). All significant intercompany accounts and transactions have been eliminated. |
Description Of Business | Description of Business and Fiscal Year: The Company has two reportable segments — the operation of a fashion specialty stores segment (“Retail Segment”) and a credit card segment (“Credit Segment”). The apparel specialty stores operate under the names “Cato,” “Cato Fashions,” “Cato Plus,” “It’s Fashion,” “It’s Fashion Metro” and “Versona,” including e-commerce websites. The stores are located primarily in strip shopping centers principally in the southeastern Un ited States. The Company’s fiscal year ends on the Saturday nearest January 31 of the subsequent year. |
Description of Fiscal Year | Description of Business and Fiscal Year: The Company has two reportable segments — the operation of a fashion specialty stores segment (“Retail Segment”) and a credit card segment (“Credit Segment”). The apparel specialty stores operate under the names “Cato,” “Cato Fashions,” “Cato Plus,” “It’s Fashion,” “It’s Fashion Metro” and “Versona,” including e-commerce websites. The stores are located primarily in strip shopping centers principally in the southeastern Un ited States. The Company’s fiscal year ends on the Saturday nearest January 31 of the subsequent year. |
Use Of Estimates | Use of Estimates: The preparation of the Company’s financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilitie s and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant accounting estimates reflected in the Company’s financial statements include the allowance for doubtful accounts, inventory shrinkage, the calculation of potential asset impairment, workers’ compensation, general and auto insurance liabilities, reserves relating to self-insure d health insurance, and uncertain tax positions. |
Cash And Cash Equivalents | Cash and Cash Equivalents: Cash and cash equivalents consist of highly liquid investments with original maturities of three months or less. |
Short-Term Investments | Short-Term Investments: Investments with original maturities beyond three months are classified as short-term investments. See Note 3 for the Company’s estimated fair value of, and other information regarding, its short-term investments. The Company’s short-term investments are all classified as available -for-sale. As they are available for current operations, they are classified on the Consolidated Balance Sheets as Current Assets. Available-for-sale securities are carried at fair value, with unrealized gains and temporary losses, net of income taxes, rep orted as a component of Accumulated other comprehensive income. Other than temporary declines in the fair value of investments are recorded as a reduction in the cost of the investments in the accompanying Consolidated Balance Sheets and a reduction of Int erest and other income in the accompanying Consolidated Statements of Income and Comprehensive Income. The cost of debt securities is adjusted for amortization of premiums and accretion of discounts to maturity. The amortization of premiums, accretion of d iscounts and realized gains and losses are included in Interest and other income. |
Restricted Cash And Short-Term Investments | Restricted Cash and Short-term Investments: The Company had $3.8 million and $3.7 million in escrow at February 2, 2019 and February 3, 2018 , respectively, as security and collateral for administration of the Company’s self-insured workers’ compensation and general liability coverage , which is reported as Restricted cash and Restricted short-term investments on the Consolidated Balance Sheets. |
Supplemental Cash Flow Information | Supplemental Cash Flow Information: Income tax payments, net of refunds received, for the fiscal years en ded February 2, 2019 , February 3, 2018 and January 28, 2017 were a refund of $407,000 , and payments of $4,356,000 and $14,118,000 , respectively. |
Inventories | Inventories: Merchandise inventories are stated at the net realizable value as d etermined by the weighted-average cost method. |
PropertyAnd Equipment | Property and Equipment: Property and equipment are recorded at cost , including land . Maintenance and repairs are expensed to operations as incurred; renewals and betterments are capitalized. Depreciation is determined on the straight-line method over the estimated useful lives of the related assets excluding leasehold improvements. Leasehold improvements are amortized over the shorter of the estimated useful life or lease term. For leases with renewal p eriods at the Company’s option, the Company generally uses the original lease term plus reasonably assured renewal opt ion periods (generally one five- year option period) to determine estimated useful lives. Typical estimated useful lives are as follows : Estimated Classification Useful Lives Land improvements 10 years Buildings 30-40 years Leasehold improvements 5-10 years Fixtures and equipment 3-10 years Information technology equipment and software 3-10 years Aircraft 20 years |
Impairment Of Long-Lived Assets | Impairment of Long-Lived Assets The Company invests in leaseholds and equipment primarily in connection with the opening and remodeling of stores and in computer software and hardware. The Company periodically reviews its store locations and estimates the recoverability of its long-lived assets, which primarily relate to Fixtures and equipment, Leasehold improvements, and Information technology equipment and software. An impairment charge is recorded for the amount by which the carrying value exceeds the estimated fair value when the Company determines that projected cash flows associated with those long-lived assets will not be sufficient to recover the carrying value. This determination is based on a number of factors, including the store’s historical operating results and projected cash flows, which include future sales growth projections. Further, in determining when to close a store, the Company considers real estate development in the area and perceived local market conditions, which can be difficult to predict and may be subject to change. Asset impairment charges of $1,548,000 , $7,698,000 and $13,561,000 were incurred in fiscal 2018 , fiscal 2017 and fiscal 2016 , respectively. |
Leases | Leases The Company determines the classification of leases consistent with ASC 840 - Leases . The Company leases all of its retail stores. Most lease agreements contain construction allowances and rent escalations. For purposes of recognizing incentives and minimum rental expenses on a straight-line basis over the terms of the leases, including renewal periods considered reasonably assured, the Company begins amortization as of the initial possession date which is when the Company enters the sp ace and begins to make improvements in preparation for intended use. For deferred landlord allowances ( construction allowances ) , the Company records a deferred rent liability in Other noncurrent liabilities on the Consolidated Balance Sheets and amo rtizes the deferred rent over the term of the respective lease as a reduction to Cost of goods sold on the Consolidated Statements of Income and Comprehensive Income. For scheduled rent escalation clauses during the lease terms or for rental payment s commencing at a date other than the date of initial occupancy, the Company records minimum rental expenses on a straight-line basis over the terms of the leases. Deferred landlord allowance and deferred step rent of $19,334,000 are recorded in O ther nonc urrent liabilities at the end of February 2, 2019 . |
Revenue Recognition | Revenue Recognition In the First quarter of 2018, the Company adopted ASU 2014-09, “Revenue from Contracts with Customers (Topic 606)” (“Topic 606”) using the modified retrospective method applied to contracts which were pending as of February 3, 2018. Financial results included in the Company’s Consolidated Statement of Income for the twelve months ended February 2, 2019 are presented under Topic 606, while prior year amounts have not been restated a nd continue to be reported in accordance with ASC 605, “Revenue Recognition” (“Topic 605”). As a result of adopting Topic 606, the Company did not adjust opening retained earnings. The Company recognizes sales at the point of purchase when the custo mer takes possession of the merchandise and pays for the purchase, generally with cash or credit. Sales from purchases made with Cato credit, gift cards and layaway sales from stores are also recorded when the customer takes possession of the merchandise. E-commerce sales are recorded when the risk of loss is transferred to the customer. Gift cards are recorded as deferred revenue until they are redeemed or forfeited. Layaway sales are recorded as deferred revenue until the customer takes possession or forf eits the merchandise. Gift cards do not have expiration dates. A provision is made for estimated merchandise returns based on sales volumes and the Company’s experience; actual returns have not varied materially from historical amounts. A provision is made for estimated write-offs associated with sales made with the Company’s proprietary credit card. Amounts related to shipping and handling billed to customers in a sales transaction are classified as Other revenue and the costs related to shipping product to customers (billed and accrued) are classified as Cost of goods sold. In accordance with Topic 606, in fiscal 2018 , the Company recognized $ 591,000 of income on unredeemed gift cards (“gift card breakage”) as a componen t of Other Revenue on the Consolidated Statements of Income and Comprehensive Income. Under Topic 606, the Company recognizes gift card breakage using an expected breakage percentage based on redeemed gift cards. In fiscal 2017 and 2016 , the Company recognized $ 1,380,000 and $ 3,434,000 , respectively, of gift card breakage as a component of Other income on the Consolidated Statements of Income and Comprehensive Income. See Note 2 for further in formation on miscellaneous income. During the first quarter of 2016, the Company changed its estimate for recognizing gift card breakage income, changing the dormancy period to 24 months of inactivity from 60 months of inactivity. The Company offers its own proprietary credit card to customers. All credit activity is performed by the Company’s wholly-owned subsidiaries. None of the credit card receivables are secured. The Company estimated uncollectible amounts of $897,000 and $890,000 for the twelv e months ended February 2, 2019 and February 3, 2018, respectively, on sales purchased on the Company’s proprietary credit card of $27.4 million and $27.5 million for the twelve months ended February 2, 2019 and February 3, 2018, respectively. The followi ng table provides information about receivables and contract liabilities from contracts with customers (in thousands): Balance as of February 2, 2019 February 3, 2018 Proprietary Credit Card Receivables, net $ 15,980 $ 16,857 Gift Card Liability $ 7,721 $ 7,565 |
Cost Of Goods Sold | Cost of Goods Sold: Cost of goods sold includes merchandise costs, net of discounts and allowances, buying costs, distribution costs, occupancy costs, freight, and inventory shrinkage. Net merchandise costs and in-bound freight are capitalized as inventory costs. Buying and distribution costs include payroll, payroll-related costs and operating expenses for our buying departments and distribution center. Occupancy expenses include rent, real estate taxes, insurance, common area maintenance, utiliti es and maintenance for stores and distribution facilities. Buying, distribution, occupancy and internal transfer costs are treated as period costs and are not capitalized as part of inventory. The direct costs associated with shipping goods to customers ar e recorded as a component of Cost of goods sold. |
Stock Repurchase Program | Stock Repurchase Program: For fiscal year ending February 2, 2019 , the Company had 2,019,002 shares remaining in open authorizations. There is no specified expiration date for the Company’s repurchase program. Share repurchases are recorded in Retained earnings, net of par value. As of March 27, 2019 , the Company repurchased 126,891 shares for $1,695,000 , primarily to offset dilution from its equity compensation plans. |
Advertising | Advertising: Advertising costs are expensed in the period in which they are incurred. Advertising expense was approximately $ 5,546,000 , $ 5,558,000 and $ 6,868,000 fo r the fiscal years ended February 2, 2019 , February 3, 2018 and January 28, 2017 , respectively . |
Vendor Allowances | Vendor Allowances: The Company receives certain allowances from vendors primarily related to purchase discounts and markdown and damage allowances. All allowances are reflected in Cost of goods sold as earned when the related products are sold. Cash consideration received from a vendor is presumed to be a reduction of the purchase cost of merchandise and is reflected as a reduction of inventory. The Company does not receive cooperative advertising allowances. |
Earnings Per Share | Earnings Per Share: ASC 260 - Earnings Per Share , requires dual presentation of basic EPS and diluted EPS on the face of all income statements for all entities with complex capi tal structures. The Company has presented one basic EPS and one diluted EPS amount for all common shares in the accompanying Consolidated Statements of Income and Comprehensive Income. While the Company’s certificate of incorporation provides the right f or the Board of Directors to declare dividends on Class A shares without declaration of commensurate dividends on Class B shares, the Company has historically paid the same dividends to both Class A and Class B shareholders and the Board of Directors has r esolved to continue this practice. Accordingly, the Company’s allocation of income for purposes of EPS computation is the same for Class A and Class B shares and the EPS amounts reported herein are applicable to both Class A and Class B shares. Basi c EPS is computed as net income less earnings allocated to non-vested equity awards divided by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur from common shares issuabl e through stock options and the Employee Stock Purchase Plan. The following table reflects the basic and diluted EPS calculations for the fiscal years ended February 2, 2019 , February 3, 2018 and January 28, 2017 : Fiscal Year Ended February 2, 2019 February 3, 2018 January 28, 2017 Numerator (Dollars in thousands) Net earnings $ 30,461 $ 8,540 $ 47,212 Earnings allocated to non-vested equity awards (862) (172) (956) Net earnings available to common stockholders $ 29,599 $ 8,368 $ 46,256 Denominator Basic weighted average common shares outstanding 23,995,170 24,906,203 26,839,885 Dilutive effect of stock options and restricted stock - - 1,634 Diluted weighted average common shares outstanding 23,995,170 24,906,203 26,841,519 Net income per common share Basic earnings per share $ 1.23 $ 0.34 $ 1.72 Diluted earnings per share $ 1.23 $ 0.34 $ 1.72 |
Income Taxes | Income Taxes: The Company files a consolidated federal income tax return. Income taxes are provided based on the asset and liability method of accounting, whereby deferred income taxes are provided for temporary differences between the financial reporting basis and the tax basis of the Co mpany’s assets and liabilities. Unrecognized tax benefits for uncertain tax positions are established in accordance with ASC 740 when, despite the fact that the tax return positions are supportable, the Company believes these positions may be challen ged and the results are uncertain. The Company adjusts these liabilities in light of changing facts and circumstances. Potential accrued interest and penalties related to unrecognized tax benefits within operations are recognized as a component of Income before income taxes. The Tax Cuts and Jobs Act (the “Tax Act”) enacted during fiscal 2017 significantly revised U.S. corporate income tax law by, among other things, reducing the corporate income tax rate to 21% and implementing a modified territori al tax system that includes a one-time transition tax on deemed repatriated earnings of foreign subsidiari es. The Company has finalized the impact of the enacted law during the measurement period allowed by SEC staff Accounting Bulletin (“SAB 118”). In addition, the Tax Act implemented a new minimum tax on global intangible low-taxed income (“GILTI”). The Company has elected to account for GILTI tax in the period in which it is incurred, which is included as a component of its current year provision for income taxes . |
Store Opening Costs | Store Opening Costs: Costs relating to the opening of new stores or the relocating or expanding of existing stores are expensed as incurred. A portion of construction, design, and site selection costs are capitalized to new, reloca ted and remodeled stores. |
Closed Store Lease Obligations | Closed Store Lease Obligations: At the time stores are closed, provisions are made for the rentals required to be paid over the remaining lease terms on a discounted cash flow basis, reduced by any expected sublease rentals . |
Insurance | Insurance: The Company is self-insured with respect to employee health care, workers’ compensation and general liability. The Company’s self-insurance liabilities are based on the total estimated cost of claims filed and estimates of claims incurre d but not reported, less amounts paid against such claims, and are not discounted. Management reviews current and historical claims data in developing its estimates. The Company has stop-loss insurance coverage for individual claims in excess of $325,000 for employee healthcare, $350,000 for workers’ compensation and $250,000 for general liability. |
Fair Value Of Financial Instruments | Fair Value of Financial Instruments: The Company’s carrying values of financial instruments, such as cash and cash equivalents, short-term investments, restricted cash and short-term investments, approximate their fair values due to their short terms to maturity and/or their variable interes t rates. |
Stock Based Compensation | Stock Based Compensation: The Company records compensation expense associated with restricted stock and other forms of equity compensation in accordance with ASC 718 - Compensation – Stock Compensation. Compensation cost associated with sto ck awards recognized in all years presented includes: 1) amortization related to the remaining unvested portion of all stock awards based on the grant date fair value and 2) adjustments for the effects of actual forfeitures versus initial estimated forfeit ures. |
Recent Accounting Pronouncements | Recently Adopted Accounting Policies In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606),” that supersedes most current revenue recognition guidance and modifies the accounting treatment for certain costs associated with revenue generation. The core principle of the revised revenue recognition standard is that an entity should recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those good or services, and provides several steps to apply to achieve that principle. In addi tion, the new guidance enhances disclosure requirements to include more information about specific revenue contracts entered into by the entity. Effective at the beginning of fiscal 2018 the Company adopted this new standard. The Company has electe d the modified retrospective approach to transition to Topic 606. As required by this expedient, the Company assessed its open contracts with customers at February 3, 2018 to determine the cumulative effect of initially applying this standard. The Compan y concluded that the cumulative effect of initially applying this standard is not material. In addition, the Company assessed the financial line items impacted by adopting this standard compared to the previous revenue guidance. The Company concluded tha t any differences in financial statement line items are not material. Please refer to Note 1 , Summary of Significant Accounting Policies, for disclosures related to this adoption. In November 2016, the FASB issued ASU 2016-18, "Statement of Cash Flow s (Topic 230): Restricted Cash (a consensus of the FASB Emerging Issues Task Force)." This standard requires that restricted cash and restricted cash equivalents be included in cash and cash equivalents when reconciling the beginning-of-period and end-of-p eriod total amounts shown in the statement of cash flows. The Company adopted the provisions of ASU 2016-18 in the first quarter of 2018 using the retrospective transition method. The new guidance did not have a material impact on the financial statements . Recently Issued Accounting Pronouncements In November 2015, the Financial Accounting Standards Board issued an effective date for ASU 2016-02, “Leases (Topic 842),” a new leasing standard that will require substantially all leases to be recorded on the balance sheet. The standard is effective for the Company’s first quarter of its 2019 fiscal year; early adoption is permitted as of the beginning of an interim or annual reporting period. The Company is assessing what impacts this new standard will have on its Consolidated Financial Statements and expects assets and liabilities to increase. We will continue evaluating the practical expedients as they are issued. However, the adoption of this standard will result in the recognition of a lease liabili ty and related right-of-use asset and will materially impact our balance sheet. |
Other Asset Accounting Policy | Other Assets Other assets are comprised of long-term assets, primarily insurance contracts related to deferred compensation assets and land held for investment purposes. Fiscal Year Ended February 2, 2019 February 3, 2018 (Dollars in thousands) Other Assets Deferred Compensation Investments $ 9,093 $ 8,899 Miscellaneous Investments 1,277 1,392 Other Deposits 520 525 Investment In Partnership 526 699 Land Held for Investment 9,923 9,677 Other 466 466 Total Other Assets $ 21,805 $ 21,658 |
Earnings Per Share - (Tables)
Earnings Per Share - (Tables) | 12 Months Ended |
Feb. 02, 2019 | |
Earnings Per Share Disclosure [Abstract] | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Fiscal Year Ended February 2, 2019 February 3, 2018 January 28, 2017 Numerator (Dollars in thousands) Net earnings $ 30,461 $ 8,540 $ 47,212 Earnings allocated to non-vested equity awards (862) (172) (956) Net earnings available to common stockholders $ 29,599 $ 8,368 $ 46,256 Denominator Basic weighted average common shares outstanding 23,995,170 24,906,203 26,839,885 Dilutive effect of stock options and restricted stock - - 1,634 Diluted weighted average common shares outstanding 23,995,170 24,906,203 26,841,519 Net income per common share Basic earnings per share $ 1.23 $ 0.34 $ 1.72 Diluted earnings per share $ 1.23 $ 0.34 $ 1.72 |
Revenue Recognition (Tables)
Revenue Recognition (Tables) | 12 Months Ended |
Feb. 02, 2019 | |
us-gaap_RevenueRecognitionAndDeferredRevenueAbstract | |
us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock | Balance as of February 2, 2019 February 3, 2018 Proprietary Credit Card Receivables, net $ 15,980 $ 16,857 Gift Card Liability $ 7,721 $ 7,565 |
Interest and Other Income - (Ta
Interest and Other Income - (Tables) | 12 Months Ended |
Feb. 02, 2019 | |
OtherIncomeDisclosureNonoperatingAbstract | |
Interest and Other Income | 2. Interest and Other Income: The components of Interest and other income are shown below (in thousands): February 2, 2019 February 3, 2018 January 28, 2017 Dividend income $ (34) $ (22) $ (21) Interest income (3,893) (2,433) (2,308) Miscellaneous income (1,109) (2,616) (4,439) Net loss (gain) on investment sales 45 (40) (273) Interest and other income $ (4,991) $ (5,111) $ (7,041) |
Short-Term Investment Reconcili
Short-Term Investment Reconciliation - (Tables) | 12 Months Ended |
Feb. 02, 2019 | |
InvestmentsDebtAndEquitySecuritiesAbstract | |
Schedule Of Available For Sale Securities Reconciliation to Fair Value | February 2, 2019 February 3, 2018 Debt securities Debt securities issued by the U.S issued by the U.S Government, its various Government, its various States, municipalities Corporate States, municipalities Corporate and agencies debt and agencies debt of each securities Total of each securities Total Cost basis ] 71,953 $ 114,372 $ 186,325 $ 96,701 $ 23,079 $ 119,780 Unrealized gains - - - - - - Unrealized (loss) (371) (147) (518) (718) (226) (944) Estimated fair value $ 71,582 $ 114,225 $ 185,807 $ 95,983 $ 22,853 $ 118,836 |
Accumulated Unrealized Gains (L
Accumulated Unrealized Gains (Losses) - (Tables) | 12 Months Ended |
Feb. 02, 2019 | |
InvestmentsDebtAndEquitySecuritiesAbstract | |
Accumlated Uneralized Gains (Losses) | February 2, 2019 February 3, 2018 Deferred Unrealized Deferred Unrealized Unrealized Tax Net Gain/ Unrealized Tax Net Gain/ Security Type Gain/(Loss) Benefit (Loss) Gain/(Loss) Benefit (Loss) Short-Term Investments $ (518) $ 121 $ (397) $ (945) $ 225 $ (720) Equity Investments 417 (97) 320 524 (125) 399 Total $ (101) $ 24 $ (77) $ (421) $ 100 $ (321) |
Fair Value Measurements - Asset
Fair Value Measurements - Assets at Fairvalue - (Tables) | 12 Months Ended |
Feb. 02, 2019 | |
FairValue Measurements [Abstract] | |
Fair Value Disclosures | Prices in Active Significant Markets for Other Significant Identical Observable Unobservable February 2, 2019 Assets Inputs Inputs Description Level 1 Level 2 Level 3 Assets: State/Municipal Bonds $ 54,346 $ - $ 54,346 $ - Corporate Bonds 90,891 - 90,891 - U.S. Treasury/Agencies Notes and Bonds 17,236 - 17,236 - Cash Surrender Value of Life Insurance 9,093 - - 9,093 Asset-backed Securities (ABS) 23,334 - 23,334 - Corporate Equities 690 690 - - Certificates of Deposit 101 101 - - Total Assets $ 195,691 $ 791 $ 185,807 $ 9,093 Liabilities: Deferred Compensation (8,908) - - (8,908) Total Liabilities $ (8,908) $ - $ - $ (8,908) Prices in Active Significant Markets for Other Significant Identical Observable Unobservable February 3, 2018 Assets Inputs Inputs Description Level 1 Level 2 Level 3 Assets: State/Municipal Bonds $ 95,983 $ - $ 95,983 $ - Corporate Bonds 22,535 - 22,535 - U.S. Treasury/Agencies Notes and Bonds 404 404 - - Cash Surrender Value of Life Insurance 8,900 - - 8,900 Asset-backed Securities (ABS) 318 - 318 - Corporate Equities 798 798 - - Certificates of Deposit 100 100 - - Total Assets $ 129,038 $ 1,302 $ 118,836 $ 8,900 Liabilities: Deferred Compensation (8,951) - - (8,951) Total Liabilities $ (8,951) $ - $ - $ (8,951) |
Fair Value Measurments - Level
Fair Value Measurments - Level 3 Roll (Tables) | 12 Months Ended |
Feb. 02, 2019 | |
FairValue Measurements [Abstract] | |
Level 3 Reconciliation | Fair Value Measurements Using Significant Unobservable Asset Inputs (Level 3) Other Investments Cash Private Equity Surrender Value Beginning Balance at February 3, 2018 $ - $ 8,900 Additions - 596 Total gains or (losses) Included in interest and other income (or changes in net assets) - (403) Ending Balance at February 2, 2019 $ - $ 9,093 Fair Value Measurements Using Significant Unobservable Liability Inputs (Level 3) Deferred Compensation Beginning Balance at February 3, 2018 $ (8,951) Additions (105) Total (gains) or losses Included in interest and other income (or changes in net assets) 148 Ending Balance at February 2, 2019 $ (8,908) Fair Value Measurements Using Significant Unobservable Asset Inputs (Level 3) Other Investments Cash Private Equity Surrender Value Beginning Balance at January 28, 2017 $ - $ 7,973 Additions - 307 Total gains or (losses) Included in interest and other income (or changes in net assets) - 620 Ending Balance at February 3, 2018 $ - $ 8,900 Fair Value Measurements Using Significant Unobservable Liability Inputs (Level 3) Deferred Compensation Beginning Balance at January 28, 2017 $ (7,649) Additions (443) Total (gains) or losses Included in interest and other income (or changes in net assets) (859) Ending Balance at February 3, 2018 $ (8,951) |
Accounts Receivables - (Tables)
Accounts Receivables - (Tables) | 12 Months Ended |
Feb. 02, 2019 | |
AccountsNotesLoansAndFinancingReceivableGrossAllowanceAndNet [Abstract] | |
ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock | 5. Accounts Receivable: Accounts receivable consist of the following (in thousands): February 2, 2019 February 3, 2018 Customer accounts — principally deferred payment accounts $ 16,821 $ 18,004 Miscellaneous receivables 6,099 5,343 Bank card receivables 6,059 5,819 Total 28,979 29,166 Less allowance for doubtful accounts 842 1,148 Accounts receivable — net $ 28,137 $ 28,018 |
Property Plant and Equipment -
Property Plant and Equipment - (Tables) | 12 Months Ended |
Feb. 02, 2019 | |
PropertyAndEquipmentDisclosureAbstract | |
Property and Equipment | 6. Property and Equipment: Property and equipment consist of the following (in thousands): February 2, 2019 February 3, 2018 Land and improvements $ 13,552 $ 13,550 Buildings 35,773 35,461 Leasehold improvements 90,827 93,620 Fixtures and equipment 212,012 217,873 Information technology equipment and software 58,473 58,458 Construction in progress - 64 Total 410,637 419,026 Less accumulated depreciation 316,333 309,658 Property and equipment — net $ 94,304 $ 109,368 Construction in progress primarily represents costs related to new store development and investments in new technology. |
Accrued Expenses - (Tables)
Accrued Expenses - (Tables) | 12 Months Ended |
Feb. 02, 2019 | |
Payables and Accruals [Abstract] | |
Accrued Expenses | 7. Accrued Expenses: Accrued expenses consist of the following (in thousands): February 2, 2019 February 3, 2018 Accrued employment and related items $ 9,252 $ 13,472 Property and other taxes 17,981 17,515 Accrued self-insurance 10,980 11,637 Fixed assets 326 634 Other 7,119 9,567 Total $ 45,658 $ 52,825 |
Minimum Lease Payments - (Table
Minimum Lease Payments - (Tables) | 12 Months Ended |
Feb. 02, 2019 | |
LeasesOperatingAbstract | |
Schedule of Future Minimum Lease Payaments | Fiscal Year 2019 $ 69,601 2020 51,943 2021 35,196 2022 21,242 2023 12,986 Thereafter 2,643 Total minimum lease payments $ 193,611 |
Rental Expense - (Tables)
Rental Expense - (Tables) | 12 Months Ended |
Feb. 02, 2019 | |
LeasesOperatingAbstract | |
Rental Expense | February 2, 2019 February 3, 2018 January 28, 2017 Fiscal Year Ended Minimum rentals $ 69,871 $ 70,971 $ 70,681 Contingent rent 1 - 3 Total rental expense $ 69,872 $ 70,971 $ 70,684 |
Gross Unrecognized Tax Benefit
Gross Unrecognized Tax Benefit Reconciliation - (Tables) | 12 Months Ended |
Feb. 02, 2019 | |
IncomeTaxUncertaintiesAbstract | |
Schedule of Unrecognized Tax Benefit Roll Forward | A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows (in thousands): February 2, 2019 February 3, 2018 January 28, 2017 Fiscal Year Ended Balances, beginning $ 9,531 $ 10,668 $ 9,560 Additions for tax positions of the current year 420 2,537 2,618 Reduction for tax positions of prior years for: Changes in judgment - (1,209) - Settlements during the period (419) (390) (328) Lapses of applicable statutes of limitations (1,047) (2,075) (1,182) Balances, ending $ 8,485 $ 9,531 $ 10,668 |
Components Of Income Tax Expens
Components Of Income Tax Expense - (Tables) | 12 Months Ended |
Feb. 02, 2019 | |
IncomeTaxExpenseBenefitContinuingOperationsByJurisdictionAbstract | |
Components Of Income Tax Expense | The provision for income taxes consists of the following (in thousands): February 2, 2019 February 3, 2018 January 28, 2017 Fiscal Year Ended Current income taxes: Federal $ 281 $ 1,726 $ (411) State (359) 1,401 873 Foreign 1,371 1,952 2,053 Total 1,293 5,079 2,515 Deferred income taxes: Federal 2,064 3,816 45 State (767) (1,462) (644) Foreign - - (14) Total 1,297 2,354 (613) Total income tax expense $ 2,590 $ 7,433 $ 1,902 |
Deferred Tax Assets and Liabili
Deferred Tax Assets and Liabilities Components - (Tables) | 12 Months Ended |
Feb. 02, 2019 | |
ComponentsOfDeferredTaxAssetsAndLiabilitiesAbstract | |
Schedule Of Deferred Tax Asset And Liability Components | February 2, 2019 February 3, 2018 Deferred tax assets: Allowance for doubtful accounts $ 180 $ 198 Inventory valuation 1,604 1,758 Non-deductible accrued liabilities 1,589 3,248 Other taxes 1,133 1,152 Federal benefit of uncertain tax positions 1,111 1,268 Equity compensation expense 4,242 4,321 Net Operating Losses 1,484 851 Charitable contribution carryover 1,568 2,041 State Tax Credits 1,150 789 Other 1,242 1,188 Total deferred tax assets 15,303 16,814 Deferred tax liabilities Property and equipment 1,529 1,859 Deferred lease liability 1,977 1,191 Accrued self-insurance reserves 481 1,043 Other 107 151 Total deferred tax liabilities 4,094 4,244 Net deferred tax assets $ 11,209 $ 12,570 |
Reconciliation Of Effective Tax
Reconciliation Of Effective Tax Rate - (Tables) | 12 Months Ended |
Feb. 02, 2019 | |
EffectiveIncomeTaxRateContinuingOperationsTaxRateReconciliationAbstract | |
Reconciliation Of Effective Tax Rate | The reconciliation of the Company’s effective income tax rate with the statutory rate is as follows: February 2, 2019 February 3, 2018 January 28, 2017 Fiscal Year Ended Federal income tax rate 21.0 % 33.7 % 35.0 % State income taxes 1.1 (4.7) (0.2) Global Intangible Low-taxed Income 6.2 - - Foreign Tax Credit (4.0) - - Foreign rate differential (2.6) (28.8) (9.3) Offshore Claim (5.7) (15.6) (4.1) Deemed Repatriation - 38.6 - Work Opportunity Credit (3.4) (6.0) (3.4) Addback on Wage Related Credits 0.7 2.0 1.2 Tax exempt interest (2.4) (4.4) (1.6) Charitable contribution of inventory - (1.0) (13.1) Uncertain tax positions (1.5) (4.4) 2.4 Deferred rate change (2.0) 39.2 - Other 0.4 (2.1) (3.0) Effective income tax rate 7.8 % 46.5 % 3.9 % |
Quarterly Financial Data - (Tab
Quarterly Financial Data - (Tables) | 12 Months Ended |
Feb. 02, 2019 | |
Quarterly Financial Information Disclosure [Abstract] | |
Quarterly Financial Data (Unaudited) | 13. Quarterly Financial Data (Unaudited): Summarized quarterly financial results are as follows (in thousands, except per share data): Fiscal 2018 First Second Third Fourth Total revenues $ 238,300 $ 208,917 $ 190,012 $ 192,435 Gross profit (exclusive of depreciation) 96,013 79,116 66,998 65,002 Net income (loss) 23,411 6,482 3,800 (3,232) Basic earnings per share $ 0.94 $ 0.26 $ 0.16 $ (0.13) Diluted earnings per share $ 0.94 $ 0.26 $ 0.16 $ (0.13) Fiscal 2017 First Second Third Fourth Total revenues $ 239,741 $ 206,961 $ 190,273 $ 213,006 Gross profit (exclusive of depreciation) 93,958 65,703 65,811 71,451 Net income (loss) 22,233 (881) 2,694 (15,506) Basic earnings per share $ 0.85 $ (0.03) $ 0.11 $ (0.62) Diluted earnings per share $ 0.85 $ (0.03) $ 0.11 $ (0.62) |
Reportable Segment Informatio_2
Reportable Segment Information - (Tables) | 12 Months Ended |
Feb. 02, 2019 | |
Reportable Segment Information [Abstract] | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Fiscal 2018 Retail Credit Total Revenues $ 825,850 $ 3,814 $ 829,664 Depreciation 16,441 22 16,463 Interest and other income 4,991 - 4,991 Income before taxes 31,149 1,902 33,051 Capital expenditures 4,315 39 4,354 Fiscal 2017 Retail Credit Total Revenues $ 845,759 $ 4,222 $ 849,981 Depreciation 19,604 39 19,643 Interest and other income 5,111 - 5,111 Income before taxes 14,762 1,211 15,973 Capital expenditures 11,047 49 11,096 Fiscal 2016 Retail Credit Total Revenues $ 951,663 $ 4,906 $ 956,569 Depreciation 22,667 49 22,716 Interest and other income 7,041 - 7,041 Income before taxes 47,447 1,667 49,114 Capital expenditures 27,248 49 27,297 Retail Credit Total Total assets as of February 2, 2019 $ 454,143 $ 43,763 $ 497,906 Total assets as of February 3, 2018 469,652 46,424 516,076 February 2, 2019 February 3, 2018 January 28, 2017 Bad debt expense $ - $ 690 $ 832 Payroll 749 861 865 Postage 506 546 635 Other expenses 635 875 858 Total expenses $ 1,890 $ 2,972 $ 3,190 |
Stock Based Compensation - Plan
Stock Based Compensation - Plans (Tables) | 12 Months Ended |
Feb. 02, 2019 | |
Stock Based Compensation [Abstract] | |
Stock Based Compensation Plans | 1987 2004 2013 2018 Plan Plan Plan Plan Total Options and/or restricted stock initially authorized 5,850,000 1,350,000 1,500,000 4,725,000 13,425,000 Options and/or restricted stock available for grant: February 3, 2018 - - 856,473 - 856,473 February 2, 2019 - - - 4,514,151 4,514,151 |
Sechedule Of Restricted Stock O
Sechedule Of Restricted Stock Outstanding - (Tables) | 12 Months Ended |
Feb. 02, 2019 | |
Stock Based Compensation [Abstract] | |
Schedule Of Changes In Restricted Stock Outstanding | Weighted Average Number of Grant Date Fair Shares Value Per Share Restricted stock awards at January 30, 2016 576,676 $ 29.71 Granted 148,591 36.83 Vested (103,808) 25.19 Forfeited or expired (60,136) 31.68 Restricted stock awards at January 28, 2017 561,323 $ 32.22 Granted 191,919 22.44 Vested (125,761) 26.40 Forfeited or expired (32,302) 31.52 Restricted stock awards at February 3, 2018 595,179 $ 30.33 Granted 354,385 16.20 Vested (139,669) 29.87 Forfeited or expired (38,044) 24.34 Restricted stock awards at February 2, 2019 771,851 $ 24.22 |
Stock Option Changes - (Tables)
Stock Option Changes - (Tables) | 12 Months Ended |
Feb. 02, 2019 | |
Stock Based Compensation [Abstract] | |
Schedule of Stock Options Outstanding | The following is a summary of changes in stock options outstanding during the year ended February 2, 2019: Weighted Weighted Average Average Remaining Aggregate Exercise Contractual Intrinsic Shares Price Term Value (a) Options outstanding at February 3, 2018 8,051 $ 23.56 5.25 years $ - Granted - - Forfeited or expired - Exercised (8,051) - Outstanding at February 2, 2019 - $ - 0 years $ - Vested and exercisable at February 2, 2019 - $ - 0 years $ - (a) The intrinsic value of a stock option is the amount by which the market value of the underlying stock exceeds the exercise price of the option. |
Changes in Accumulated Other Co
Changes in Accumulated Other Comprehensive Income (Tables) | 12 Months Ended | |
Feb. 02, 2019 | Jan. 28, 2017 | |
Accumulatedothercomprehensiveincomelossdisclosure[Abstract] | ||
ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock | Changes in Accumulated Other Comprehensive Income (a) Unrealized Gains and (Losses) on Available-for-Sale Securities Beginning Balance at February 3, 2018 $ (321) Other comprehensive income/(loss) before reclassification 278 Amounts reclassified from accumulated other comprehensive income (b) (34) Net current-period other comprehensive income/(loss) 244 Ending Balance at February 2, 2019 $ (77) (a) All amounts are net-of-tax. Amounts in parentheses indicate a debit/reduction to other comprehensive income (“OCI”). (b) Includes ($45) impact of accumulated other comprehensive income reclassifications into Interest and other income for net gains on available-for-sale securities. The tax impact of this reclassification was ($11). Amounts in parentheses indicate a debit/reduction to OCI. | Changes in Accumulated Other Comprehensive Income (a) Unrealized Gains and (Losses) on Available-for-Sale Securities Beginning Balance at January 28, 2017 $ (214) Other comprehensive income/(loss) before reclassification (135) Amounts reclassified from accumulated other comprehensive income (b) 28 Net current-period other comprehensive income/(loss) (107) Ending Balance at February 3, 2018 $ (321) (a) All amounts are net-of-tax. Amounts in parentheses indicate a debit/reduction to OCI. (b) Includes ($36) impact of accumulated other comprehensive income reclassifications into Interest and other income for net gains on available-for-sale securities. The tax impact of this reclassification was ($9). Amounts in parentheses indicate a debit/reduction to OCI. |
General - Notes to Financial St
General - Notes to Financial Statements - (Details) - USD ($) | 12 Months Ended | ||
Feb. 02, 2019 | Feb. 03, 2018 | Jan. 28, 2017 | |
General Dsiclosure [Abstract] | |||
Restricted Cash and Cash Equivalents In Escrow | $ 3,802,000 | $ 3,722,000 | |
Asset Impairment Charges | 1,548,000 | 7,698,000 | $ 13,561,000 |
Income Taxes Paid, Net | 407,000 | 4,356,000 | 14,118,000 |
Advertising Expense | $ 5,546,000 | $ 5,558,000 | $ 6,868,000 |
EquityClassOfTreasuryStockLineItems | |||
Shares Repurchased and Retired | 593,404 | 2,082,535 | 1,320,182 |
Remaining Shares In Repurchase Authorizations | 0 |
Earnings Per Share - (Details)
Earnings Per Share - (Details) - USD ($) | 3 Months Ended | 12 Months Ended | |||||||||
Feb. 02, 2019 | Nov. 03, 2018 | Aug. 04, 2018 | May 05, 2018 | Feb. 03, 2018 | Oct. 28, 2017 | Jul. 29, 2017 | Apr. 29, 2017 | Feb. 02, 2019 | Feb. 03, 2018 | Jan. 28, 2017 | |
Earnings Per Share Disclosure [Abstract] | |||||||||||
Net income | $ (3,232,000) | $ 3,800,000 | $ 6,482,000 | $ 23,411,000 | $ (15,506,000) | $ 2,694,000 | $ (881,000) | $ 22,233,000 | $ 30,461,000 | $ 8,540,000 | $ 47,212,000 |
Earnings Allocated to Non-Vesting Equity Awards | 862,000 | 172,000 | 956,000 | ||||||||
Net Income (Loss) Available to Common Stockholders | $ 29,599,000 | $ 8,368,000 | $ 46,256,000 | ||||||||
Basic Weighted-Average common shares outstanding | 23,995,170 | 24,906,203 | 26,839,885 | ||||||||
Dilutive Effect of Stock Options | 0 | 0 | 1,634 | ||||||||
Diluted Weighted Average Common Shares Outstanding | 23,995,170 | 24,906,203 | 26,841,519 | ||||||||
Basic earnings per share | $ (0.13) | $ 0.16 | $ 0.26 | $ 0.94 | $ (0.62) | $ 0.11 | $ (0.03) | $ 0.85 | $ 1.23 | $ 0.34 | $ 1.72 |
Diluted earnings per share | $ (0.13) | $ 0.16 | $ 0.26 | $ 0.94 | $ (0.62) | $ 0.11 | $ (0.03) | $ 0.85 | $ 1.23 | $ 0.34 | $ 1.72 |
Other Assets - (Details)
Other Assets - (Details) - USD ($) $ in Thousands | Feb. 02, 2019 | Feb. 03, 2018 |
Other Assets [Abstract] | ||
Deferred Compensation Investments | $ 9,093 | $ 8,899 |
Miscellaneous Investments | 1,277 | 1,392 |
Other Deposits | 520 | 525 |
Investment in Partnership | 526 | 699 |
Land Held for Investment | 9,923 | 9,677 |
Buildings Held for Investment | 0 | 0 |
Intellectual Property | 0 | 0 |
Other Assets - Miscellaneous | 466 | 466 |
Total Other Assets | $ 21,805 | $ 21,658 |
Revenue Recognition Disclosure
Revenue Recognition Disclosure Table - (Details) - USD ($) | Feb. 02, 2019 | Feb. 03, 2018 |
us-gaap_RevenueRecognitionAndDeferredRevenueAbstract | ||
Proprietary Credit Card Receivables Net | $ 15,980,000 | $ 16,857,000 |
Gift Card Liability | $ 7,721,000 | $ 7,565,000 |
Revenue Recognition Cato Credit
Revenue Recognition Cato Credit Card - (Details) - USD ($) | 12 Months Ended | |
Feb. 02, 2019 | Feb. 03, 2018 | |
us-gaap_RevenueRecognitionAndDeferredRevenueAbstract | ||
Proprietary Credit Card Uncollectable amounts | $ 897,000 | $ 890,000 |
Proprietary Credit Card Sales | $ 27,400,000 | $ 27,500,000 |
Interest and Other Income - (De
Interest and Other Income - (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Feb. 02, 2019 | Feb. 03, 2018 | Jan. 28, 2017 | |
ComponentOfOtherIncomeNonoperatingLineItems | |||
Dividend Income | $ (34) | $ (22) | $ (21) |
Interest Income | (3,893) | (2,433) | (2,308) |
Miscellaneous Income | (1,109) | (2,616) | (4,439) |
Net gain on investment sales | 45 | (40) | (273) |
Interst and Other Income | $ (4,991) | $ (5,111) | $ (7,041) |
Short-Term Investment Reconci_2
Short-Term Investment Reconciliation - (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Feb. 02, 2019 | Feb. 03, 2018 | |
Debt Securiteis Issued by Various States of the United States and Political Subdivisions of the States | ||
ScheduleOfAvailableForSaleSecuritiesLineItems | ||
Cost Basis | $ 71,953 | $ 96,701 |
Estimated Fair Value | 71,582 | 95,983 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | (371) | (718) |
Corporate Debt Securities | ||
ScheduleOfAvailableForSaleSecuritiesLineItems | ||
Cost Basis | 114,372 | 23,079 |
Estimated Fair Value | 114,225 | 22,853 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | $ (147) | $ (226) |
Accumulated Unrealized Gains _2
Accumulated Unrealized Gains (Losses) - (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Feb. 02, 2019 | Feb. 03, 2018 | |
Short-Term Debt Investments | ||
ScheduleOfAvailableForSaleSecuritiesLineItems | ||
Unrealized Gain / (Loss) | $ (518) | $ (945) |
Deferred Tax Benefit | 121 | 225 |
Unrealized Net Gain / (Loss) | (397) | (720) |
Equity Investments | ||
ScheduleOfAvailableForSaleSecuritiesLineItems | ||
Unrealized Gain / (Loss) | 417 | 524 |
Deferred Tax Benefit | (97) | (125) |
Unrealized Net Gain / (Loss) | $ 320 | $ 399 |
Fair Value Measurements - Ass_2
Fair Value Measurements - Assets at Fairvalue - (Details) - USD ($) $ in Thousands | Feb. 02, 2019 | Feb. 03, 2018 |
Deferred Compensation | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
OtherLiabilitiesFairValueDisclosure | $ 0 | $ 0 |
Deferred Compensation | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
OtherLiabilitiesFairValueDisclosure | 0 | 0 |
Deferred Compensation | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
OtherLiabilitiesFairValueDisclosure | (8,908) | (8,951) |
State/Municipal Bonds | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for Sale Securities | 0 | 0 |
State/Municipal Bonds | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for Sale Securities | 54,346 | 95,983 |
State/Municipal Bonds | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for Sale Securities | 0 | 0 |
Corporate Bonds | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for Sale Securities | 0 | 0 |
Corporate Bonds | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for Sale Securities | 90,891 | 22,535 |
Corporate Bonds | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for Sale Securities | 0 | 0 |
US Treasury Notes | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for Sale Securities | 0 | 404 |
US Treasury Notes | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for Sale Securities | 17,236 | 0 |
US Treasury Notes | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for Sale Securities | 0 | 0 |
Corporate Equities | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for Sale Securities | 690 | 798 |
Corporate Equities | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for Sale Securities | 0 | 0 |
Corporate Equities | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for Sale Securities | 0 | 0 |
Certificates of Deposit | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for Sale Securities | 101 | 100 |
Certificates of Deposit | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for Sale Securities | 0 | 0 |
Certificates of Deposit | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for Sale Securities | 0 | 0 |
Asset Backed Securities (ABS) | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for Sale Securities | 0 | 0 |
Asset Backed Securities (ABS) | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for Sale Securities | 23,334 | 318 |
Asset Backed Securities (ABS) | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for Sale Securities | 0 | 0 |
Cash Surrender Value - Life Insurance | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash Surrender Value | 0 | 0 |
Cash Surrender Value - Life Insurance | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash Surrender Value | 0 | 0 |
Cash Surrender Value - Life Insurance | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash Surrender Value | $ 9,093 | $ 8,900 |
Fair Value Measurments - Leve_2
Fair Value Measurments - Level 3 Roll - (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Feb. 02, 2019 | Feb. 03, 2018 | Jan. 28, 2017 | |
Deferred Compensation | |||
FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems | |||
Beginning Balance | $ (8,908) | $ (8,951) | $ (7,649) |
Additons | (105) | (443) | |
Losses (Gains) Included In Earnings | 148 | (859) | |
Ending Balance | (8,908) | (8,951) | |
Privately Managed Funds | |||
FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliation[Line Items] | |||
Beginning Balance | 0 | 0 | |
Additions | 0 | 0 | |
Redemptions | 0 | 0 | |
Gains (Losses) Included in Earnings | 0 | 0 | |
Gains (Losses) Included in Other Comprehensive Income | 0 | 0 | |
Ending Balance | 0 | 0 | |
Cash Surrender Value - Life Insurance | |||
FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliation[Line Items] | |||
Beginning Balance | 8,900 | $ 7,973 | |
Additions | 596 | 307 | |
Redemptions | 0 | 0 | |
Gains (Losses) Included in Earnings | (403) | 620 | |
Gains (Losses) Included in Other Comprehensive Income | 0 | 0 | |
Ending Balance | $ 9,093 | $ 8,900 |
Accounts Receivables - (Details
Accounts Receivables - (Details) - USD ($) $ in Thousands | Feb. 02, 2019 | Feb. 03, 2018 |
AccountsNotesAndLoansReceivable[LineItems] | ||
Accounts Receivable, Gross | $ 28,979 | $ 29,166 |
Allowance for Doubtful Accounts | (842) | (1,148) |
Accounts Receivable - Net | 28,137 | 28,018 |
Customer Accounts | ||
AccountsNotesAndLoansReceivable[LineItems] | ||
Accounts Receivable, Gross | 16,821 | 18,004 |
Miscellaneous Trade Receivables | ||
AccountsNotesAndLoansReceivable[LineItems] | ||
Accounts Receivable, Gross | $ 6,059 | $ 5,819 |
Accounts Receivables Paragraph
Accounts Receivables Paragraph - (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Feb. 02, 2019 | Feb. 03, 2018 | Jan. 28, 2017 | |
AccountsNotesLoansAndFinancingReceivableGrossAllowanceAndNet [Abstract] | |||
Credit Card Finance and Late Charge Revenue | $ 3,814,000 | $ 4,222,000 | $ 4,906,000 |
Charges Against The Allowance For Doubtful Accounts | $ 470,000 | $ 690,000 | $ 832,000 |
Property and Equipment - (Detai
Property and Equipment - (Details) - USD ($) | Feb. 02, 2019 | Feb. 03, 2018 |
PropertyPlantAndEquipmentLineItems | ||
Property and Equipment Gross | $ 410,637,000 | $ 419,026,000 |
Accumulated Depreciation | 316,333,000 | 309,658,000 |
Property and equipment - net | 94,304,000 | 109,368,000 |
Land and Improvements | ||
PropertyPlantAndEquipmentLineItems | ||
Property and Equipment Gross | 13,552,000 | 13,550,000 |
Buildings | ||
PropertyPlantAndEquipmentLineItems | ||
Property and Equipment Gross | 35,773,000 | 35,461,000 |
Leasehold Improvements | ||
PropertyPlantAndEquipmentLineItems | ||
Property and Equipment Gross | 90,827,000 | 93,620,000 |
Fixtures and equipment | ||
PropertyPlantAndEquipmentLineItems | ||
Property and Equipment Gross | 212,012,000 | 217,873,000 |
Information Technology Equipment | ||
PropertyPlantAndEquipmentLineItems | ||
Property and Equipment Gross | 58,473,000 | 58,458,000 |
Construction in Progress | ||
PropertyPlantAndEquipmentLineItems | ||
Property and Equipment Gross | $ 0 | $ 64,000 |
Accrued Expenses - (Details)
Accrued Expenses - (Details) - USD ($) $ in Thousands | Feb. 02, 2019 | Feb. 03, 2018 |
Payables and Accruals [Abstract] | ||
Accrued Payroll and Related Items | $ 9,252 | $ 13,472 |
Property and Other Taxes | 17,981 | 17,515 |
Accrued Self-Insurance | 10,980 | 11,637 |
Accrued Fixed Assets | 326 | 634 |
Other | 7,119 | 9,567 |
Total Accrued Expenses | $ 45,658 | $ 52,825 |
Financing Arrangements - (Detai
Financing Arrangements - (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Feb. 02, 2019 | Feb. 03, 2018 | Jan. 28, 2017 | |
Letter of Credit [Member] | |||
Line of Credit Facility [Line Items] | |||
Line of Credit Facility Outstanding Borrowings | $ 0 | $ 0 | $ 0 |
RevolvingCreditFacilityMember [Member] | |||
Line of Credit Facility [Line Items] | |||
Line of Credit Facility, Maximum Borrowing Capacity | $ 35,000 | ||
Line of Credit Facility, Expiration Date | Aug. 31, 2019 | ||
Interest on Borrowings Based on LIBOR | 0.00% |
Stockhlers' Equity - (Details)
Stockhlers' Equity - (Details) - $ / shares | 12 Months Ended | ||
Feb. 02, 2019 | Feb. 03, 2018 | Jan. 28, 2017 | |
Class of Stock [Line Items] | |||
Quarterly Declared Dividend | $ 1.32 | $ 1.32 | $ 1.29 |
Class A Common Stock | |||
Class of Stock [Line Items] | |||
Quarterly Declared Dividend | $ 1.32 | $ 1.32 | $ 1.29 |
Employee Benefit Plans - 401(k)
Employee Benefit Plans - 401(k) Plan - (Details) - USD ($) | 12 Months Ended | ||
Feb. 02, 2019 | Feb. 03, 2018 | Jan. 28, 2017 | |
Compensation and Retirement Disclosure [Abstract] | |||
Employer Discretionary Contribution | $ 1,442,000 | $ 1,207,000 | $ 1,234,000 |
Employee Benefit Plans - ESOP P
Employee Benefit Plans - ESOP Plan - (Details) - USD ($) | 12 Months Ended | ||
Feb. 02, 2019 | Feb. 03, 2018 | Jan. 28, 2017 | |
Compensation and Retirement Disclosure [Abstract] | |||
Employer Cash Contributions to ESOP | $ 1,229,000 | $ 1,026,000 | $ 689,000 |
Minimum Leae Payments - (Detail
Minimum Leae Payments - (Details) - Buildings $ in Thousands | Feb. 02, 2019USD ($) |
OperatingLeasedAssetsLineItems | |
Lease Payments Due In One Year | $ 69,601 |
Lease Payments Due In Two Years | 51,943 |
Lease Payments Due In Three Years | 35,196 |
Lease Payments Due In Four Years | 21,242 |
Lease Payments Due In Five Years | 12,986 |
Lease Payments Due Thereafter | 2,643 |
Total Minimum Lease Payments | $ 193,611 |
Rental Expense - (Details)
Rental Expense - (Details) - Buildings - USD ($) $ in Thousands | 12 Months Ended | ||
Feb. 02, 2019 | Feb. 03, 2018 | Jan. 28, 2017 | |
OperatingLeasedAssetsLineItems | |||
Minimum Rentals | $ 69,871 | $ 70,971 | $ 70,681 |
Contingent Rent | 1 | 0 | 3 |
Total Rental Expense | $ 69,872 | $ 70,971 | $ 70,684 |
Gross Unrecognized Tax Benefi_2
Gross Unrecognized Tax Benefit Reconciliation - (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Feb. 02, 2019 | Feb. 03, 2018 | Jan. 28, 2017 | |
Gross Unrecognized Tax Benefit Reconciliation | |||
Unrecognized Tax Benefit Beginning Balance | $ 9,531 | $ 10,668 | $ 9,560 |
Additional Tax Positions Current Year | 420 | 2,537 | 2,618 |
Additional Tax Positions Prior Years | 0 | 0 | 0 |
Reductions Due To Changes In Judgment | 0 | (1,209) | 0 |
Reductions Due To Settlements | (419) | (390) | (328) |
Reductions From Lapse Of Applicable Statute Of Limitations | (1,047) | (2,075) | (1,182) |
Unrecognized Tax Benefit Ending Balance | $ 8,485 | $ 9,531 | $ 10,668 |
Income Taxes - (Details)
Income Taxes - (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Feb. 02, 2019 | Feb. 03, 2018 | Jan. 28, 2017 | |
Gross Unrecognized Tax Benefit Reconciliation | |||
Unrecognized Tax Benefit Beginning Balance | $ 9,531 | $ 10,668 | $ 9,560 |
Additional Tax Positions Current Year | 420 | 2,537 | 2,618 |
Additional Tax Positions Prior Years | 0 | 0 | 0 |
Reductions Due To Changes In Judgment | 0 | (1,209) | 0 |
Reductions Due To Settlements | (419) | (390) | (328) |
Reductions From Lapse Of Applicable Statute Of Limitations | (1,047) | (2,075) | (1,182) |
Unrecognized Tax Benefit Ending Balance | 8,485 | $ 9,531 | $ 10,668 |
Domestic Taxing Authorities | |||
Gross Unrecognized Tax Benefit Reconciliation | |||
Unrecognized Tax Benefit Ending Balance | $ 8,485 |
Components Of Income Tax Expe_2
Components Of Income Tax Expense - (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Feb. 02, 2019 | Feb. 03, 2018 | Jan. 28, 2017 | |
IncomeTaxExpenseBenefitContinuingOperationsByJurisdictionAbstract | |||
Current Federal Income Tax Expense | $ 281 | $ 1,726 | $ (411) |
Current State Income Tax Expense | (359) | 1,401 | 873 |
Current Foreign Income Tax Expense | 1,371 | 1,952 | 2,053 |
Deferred Federal Income Tax Expense | 2,064 | 3,816 | 45 |
Deferred State Income Tax Expense | (767) | (1,462) | (644) |
Deferred Foreign Income Tax Expense | 0 | 0 | (14) |
Total Income Tax Expense | $ 2,590 | $ 7,433 | $ 1,902 |
Deferred Tax Assets and Liabi_2
Deferred Tax Assets and Liabilities Components - (Details) - USD ($) | Feb. 02, 2019 | Feb. 03, 2018 |
ComponentsOfDeferredTaxAssetsAndLiabilitiesAbstract | ||
Allowance For Doubtful Accounts | $ 180,000 | $ 198,000 |
Capital Loss Carryforward | 0 | 0 |
Deferred Lease Liablity | 0 | 0 |
Inventory Valuation Deferred Tax Asset | 1,604,000 | 1,758,000 |
Non-Deductible Accrued Liablities | 1,589,000 | 3,248,000 |
Other Taxes | 1,133,000 | 1,152,000 |
Federal Benefit Of Uncertain Tax Positions | 1,111,000 | 1,268,000 |
Incentive Compensation | 0 | 0 |
Equity Compensation Expense | 4,242,000 | 4,321,000 |
Net Operating Losses | 1,484,000 | 851,000 |
Charitable Contribution Carryover | 1,568,000 | 2,041,000 |
State Tax Credits | 1,150,000 | 789,000 |
Other Deferred Tax Assets | 1,242,000 | 1,188,000 |
Total Deferred Tax Assets | (15,303,000) | (16,814,000) |
Property And Equipment | (1,529,000) | (1,859,000) |
Unrealized Gains On Short-Term Ivestments In Comprehensive Income | 0 | 0 |
Health Care Expenses | 0 | 0 |
Inventory Valuation | 0 | 0 |
Deferred lease liability | 1,977,000 | 1,191,000 |
IBNR | 481,000 | 1,043,000 |
Other Deferred Tax Liabilities | 107,000 | 151,000 |
Total Deferred Tax Liabilities | 4,094,000 | 4,244,000 |
Net Deferred Tax Liabilites | $ (11,209,000) | $ (12,570,000) |
Reconciliation Of Effective T_2
Reconciliation Of Effective Tax Rate - (Details) | 12 Months Ended | ||
Feb. 02, 2019 | Feb. 03, 2018 | Jan. 28, 2017 | |
EffectiveIncomeTaxRateContinuingOperationsTaxRateReconciliationAbstract | |||
Federal Income Tax Rate | 21.00% | 33.70% | 35.00% |
State Income Taxes | 1.10% | (4.70%) | (0.20%) |
Tax Credits | (2.60%) | (28.80%) | (9.30%) |
Tax Exempt Interest | 0.00% | 38.60% | 0.00% |
Foreign Rate Differential | (3.40%) | (6.00%) | (3.40%) |
Uncertain Tax Positions | 0.70% | 2.00% | 1.20% |
Charitable contribution of inventory | 0.00% | 0.00% | 0.00% |
Deemed Repatriation (2017 Tax Cuts and Jobs Act) | (2.40%) | (4.40%) | (1.60%) |
Rate Change On Deferred Taxes | (1.50%) | (4.40%) | 2.40% |
Addback on Wage Related Credits | (2.00%) | 39.20% | 0.00% |
Effects Of Permanent Differences | 0.00% | 0.00% | 0.00% |
Other | 0.40% | (2.10%) | (3.00%) |
Effective Income Tax Rate | 7.80% | 46.50% | 3.90% |
Income Tax Paragraph - (Details
Income Tax Paragraph - (Details) - USD ($) | 12 Months Ended | |||
Feb. 02, 2019 | Feb. 03, 2018 | Jan. 28, 2017 | Jan. 30, 2016 | |
IncomeTaxContingencyLineItems | ||||
Unrecogmized Tax Benefit | $ 8,485,000 | $ 9,531,000 | $ 10,668,000 | $ 9,560,000 |
DomesticCountryMember | ||||
IncomeTaxContingencyLineItems | ||||
Unrecogmized Tax Benefit | 8,485,000 | |||
Unrecognized Tax Benefit That Would Impact Effective Tax Rate | 10,600,000 | |||
Accrued Interest and Tax Penalties Related To Uncertain Tax Positions | 3,200,000 | 2,800,000 | 4,100,000 | |
Interest and Tax Penalties Related To Uncertain Tax Positions Included In Income Tax Expense | $ 1,023,000 | $ 986,000 | $ 716,000 |
Quarterly Financial Data - (Det
Quarterly Financial Data - (Details) - USD ($) | 3 Months Ended | 12 Months Ended | |||||||||
Feb. 02, 2019 | Nov. 03, 2018 | Aug. 04, 2018 | May 05, 2018 | Feb. 03, 2018 | Oct. 28, 2017 | Jul. 29, 2017 | Apr. 29, 2017 | Feb. 02, 2019 | Feb. 03, 2018 | Jan. 28, 2017 | |
Quarterly Financial Information Disclosure [Abstract] | |||||||||||
Total revenues | $ 192,435,000 | $ 190,012,000 | $ 208,917,000 | $ 238,300,000 | $ 213,006,000 | $ 190,273,000 | $ 206,961,000 | $ 239,741,000 | $ 829,664,000 | $ 849,981,000 | $ 956,569,000 |
Gross Profit (excluding depreciation) | 65,002,000 | 66,998,000 | 79,116,000 | 96,013,000 | 71,451,000 | 65,811,000 | 65,703,000 | 93,958,000 | |||
Net income | $ (3,232,000) | $ 3,800,000 | $ 6,482,000 | $ 23,411,000 | $ (15,506,000) | $ 2,694,000 | $ (881,000) | $ 22,233,000 | $ 30,461,000 | $ 8,540,000 | $ 47,212,000 |
Basic Earnings Per Share | $ (0.13) | $ 0.16 | $ 0.26 | $ 0.94 | $ (0.62) | $ 0.11 | $ (0.03) | $ 0.85 | $ 1.23 | $ 0.34 | $ 1.72 |
Diluted Earnings Per Share | $ (0.13) | $ 0.16 | $ 0.26 | $ 0.94 | $ (0.62) | $ 0.11 | $ (0.03) | $ 0.85 | $ 1.23 | $ 0.34 | $ 1.72 |
Reportable Segment Informatio_3
Reportable Segment Information - (Details) - USD ($) | 3 Months Ended | 12 Months Ended | |||||||||
Feb. 02, 2019 | Nov. 03, 2018 | Aug. 04, 2018 | May 05, 2018 | Feb. 03, 2018 | Oct. 28, 2017 | Jul. 29, 2017 | Apr. 29, 2017 | Feb. 02, 2019 | Feb. 03, 2018 | Jan. 28, 2017 | |
Segment Reporting Information [Line Items] | |||||||||||
Total revenues | $ 192,435,000 | $ 190,012,000 | $ 208,917,000 | $ 238,300,000 | $ 213,006,000 | $ 190,273,000 | $ 206,961,000 | $ 239,741,000 | $ 829,664,000 | $ 849,981,000 | $ 956,569,000 |
Interest and other income | 4,991,000 | 5,111,000 | 7,041,000 | ||||||||
Total Assets | 497,906,000 | 516,076,000 | 497,906,000 | 516,076,000 | |||||||
Capital expenditures | 4,354,000 | 11,096,000 | 27,297,000 | ||||||||
ReportableSegmentsMemberRetail [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Total revenues | 825,850,000 | 845,759,000 | 951,663,000 | ||||||||
Depreciation | 16,441,000 | 19,604,000 | 22,667,000 | ||||||||
Interest and other income | 4,991,000 | 5,111,000 | 7,041,000 | ||||||||
Total Assets | 454,143,000 | 469,652,000 | 454,143,000 | 469,652,000 | |||||||
Capital expenditures | 4,315,000 | 11,047,000 | 27,248,000 | ||||||||
Income Before Taxes | 31,149,000 | 14,762,000 | 47,447,000 | ||||||||
ReportableSegmentsMemberCredit [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Total revenues | 3,814,000 | 4,222,000 | 4,906,000 | ||||||||
Depreciation | 22,000 | 39,000 | 49,000 | ||||||||
Interest and other income | 0 | 0 | 0 | ||||||||
Total Assets | $ 43,763,000 | $ 46,424,000 | 43,763,000 | 46,424,000 | |||||||
Capital expenditures | 39,000 | 49,000 | 49,000 | ||||||||
Income Before Taxes | $ 1,902,000 | $ 1,211,000 | $ 1,667,000 |
Direct Expenses of Credit Segme
Direct Expenses of Credit Segment in SGA - (Details) - ReportableSegmentsMemberCredit [Member] - USD ($) $ in Thousands | 12 Months Ended | ||
Feb. 02, 2019 | Feb. 03, 2018 | Jan. 28, 2017 | |
Segment Reporting Information [Line Items] | |||
Allowance for Loan and Lease Losses, Provision for Loss, Net | $ 0 | $ 690 | $ 832 |
Labor and Related Expense | 749 | 861 | 865 |
Postage Expense | 506 | 546 | 635 |
Other Expenses | $ 635 | $ 875 | $ 858 |
Stock Based Compensation - Pl_2
Stock Based Compensation - Plans - (Details) - shares | Feb. 02, 2019 | Feb. 03, 2018 |
1987 Plan | ||
Authorized And Available For Grant [Line Items] | ||
Options And/Or Restrcited Stock Initially Authorized | 5,850,000 | |
Options And Or Restricted Stock Available For Grant | 0 | 0 |
2004 Plan | ||
Authorized And Available For Grant [Line Items] | ||
Options And/Or Restrcited Stock Initially Authorized | 1,350,000 | |
Options And Or Restricted Stock Available For Grant | 0 | 0 |
2013 Plan | ||
Authorized And Available For Grant [Line Items] | ||
Options And/Or Restrcited Stock Initially Authorized | 1,500,000 | |
Options And Or Restricted Stock Available For Grant | 0 | 856,473 |
2018 Plan | ||
Authorized And Available For Grant [Line Items] | ||
Options And/Or Restrcited Stock Initially Authorized | 4,725,000 | |
Options And Or Restricted Stock Available For Grant | 4,514,151 | 0 |
Sechedule Of Restricted Stock_2
Sechedule Of Restricted Stock Outstanding - (Details) - 2004 Plan - Restricted Stock - Class A Common Stock - $ / shares | 12 Months Ended | ||
Feb. 02, 2019 | Feb. 03, 2018 | Jan. 28, 2017 | |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested [Roll Forward] | |||
Restricted Stock Awards Beginning Balance | 595,179 | 561,323 | 576,676 |
Restricted Stock Awards Granted | 354,385 | 191,919 | 148,591 |
Restricted Stock Awards Vested | (139,669) | (125,761) | (103,808) |
Restricted Stock Awards Foreited | (38,044) | (32,302) | (60,136) |
Restricted Stock Awards Ending Balance | 771,851 | 595,179 | 561,323 |
Share Based Compensation Arrangement By Share Based Payment Award Equity InstrumentsOtherThan Options Nonvested Weighted Average Grant Date Fair Value | |||
Restricted Stock Awards Weighted Average Grant Date Fair Value Per Share - Beginning Balance | $ 30.33 | $ 32.22 | $ 29.71 |
Granted Restricted Stock Awards Weighted Average Grant Date Fair Value Per Share | 16.2 | 22.44 | 36.83 |
Vested Restricted Stock Awards Weighted Average Grant Date Fair Value Per Share | 29.87 | 26.4 | 25.19 |
Forfeited Restricted Stock Awards Weighted Average Grant Date Fair Value Per Share | 24.34 | 31.52 | 31.68 |
Restricted Stock Awards Weighted Average Grant Date Fair Value Per Share - Ending Balance | $ 24.22 | $ 30.33 | $ 32.22 |
Stock Based Compensation Additi
Stock Based Compensation Additional - (Details) - USD ($) | 12 Months Ended | ||
Feb. 02, 2019 | Feb. 03, 2018 | Jan. 28, 2017 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Remaining Weighted-Average Vesting Period | 0 years | 5 years 15 days | |
Intrinsic Value Of Vested and Excercisable Options | $ 0 | ||
Remaining Contractual Term For Vested and Excercisable Options | 0 years | ||
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward | |||
Exercised | 8,051 | 4,025 | |
Convertible Class B Common Stock | |||
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward | |||
Granted | 0 | ||
Forfeited of expired | 0 | ||
Exercised | 8,051 | ||
Restricted Stock | Class A Common Stock | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Unrecognized Compensation Expense | $ 11,989,000 | ||
Remaining Weighted-Average Vesting Period | 2 years | ||
Compensation Expense | $ 4,833,000 | $ 4,093,000 | $ 4,091,000 |
Stock Options | Class A Common Stock | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Options Outstanding - Weighted Average Price | $ 14.17 | ||
Intrinsic Value | $ 5,000 | $ 0 | $ 109,000 |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward | |||
Options Outstanding | 500 | ||
Options Outstanding | 500 | ||
Stock Options | Convertible Class B Common Stock | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Options Outstanding - Weighted Average Price | $ 0 | ||
Options Granted | 0 | ||
Outstanding Vested and Excercisable Options | 0 | ||
Weighted Average Price For Stock Options Vested and Excercisable | $ 0 | ||
Intrinsic Value for Options Outstanding | $ 0 | ||
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward | |||
Options Outstanding | 20,127 | ||
Options Outstanding | 0 | 20,127 | |
Employee Stock Purchase Plan | Class A Common Stock | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Shares Sold | 44,770 | 34,238 | 17,455 |
Compensation Expense | $ 101,000 | $ 86,000 | $ 88,000 |
Employee Stock Purchase Plan Share Purchase Discount | $ 2.25 |
Weighted Average Option Rollfor
Weighted Average Option Rollforward - (Details) - USD ($) | 12 Months Ended | |
Feb. 02, 2019 | Feb. 03, 2018 | |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward | ||
Exercised | 8,051 | 4,025 |
Convertible Class B Common Stock | ||
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward | ||
Granted | 0 | |
Forfeited of expired | 0 | |
Exercised | 8,051 | |
Employee Stock Options [Member] | Class A Common Stock | ||
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward | ||
Options Outstanding | 500 | |
Options Outstanding | 500 | |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price Rollforward | ||
Options Outstanding | $ 14.17 | |
Employee Stock Options [Member] | Convertible Class B Common Stock | ||
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward | ||
Options Outstanding | 20,127 | |
Options Outstanding | 0 | 20,127 |
Weighted Average Remaining Contractual Term for Vested and Exercisable Options | 0 years | 5 years 15 days |
Weighted Average Exercise Price Granted | $ 0 | |
Options Granted | 0 | |
Weighted Average Contractual Term for Options Outstanding | 0 years | |
Intrinsic Value for Options Outstanding | $ 0 | |
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice | $ 0 | |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price Rollforward | ||
Options Outstanding | $ 0 |
Changes in Accumulated Other _2
Changes in Accumulated Other Comprehensive Income (Details) - USD ($) | 12 Months Ended | ||
Feb. 02, 2019 | Feb. 03, 2018 | Jan. 28, 2017 | |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | |||
Beginning Balance Accumulated other comprehensive income, net of tax | $ (321,000) | $ (214,000) | |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax | 278,000 | (135,000) | |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax | (34,000) | 28,000 | |
Unrealized losses on available-for-sale securities, net of deferred income tax benefit | 244,000 | (107,000) | $ (1,014,000) |
Ending Balance Accumulated other comprehensive income, net of tax | $ (77,000) | $ (321,000) | $ (214,000) |
Change in Accumulated Other Com
Change in Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Feb. 02, 2019 | Feb. 03, 2018 | Jan. 28, 2017 | |
us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems | |||
Income tax expense | $ 2,590 | $ 7,433 | $ 1,902 |
gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember | |||
us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems | |||
Interest and Other Income | 45 | (36) | |
Income tax expense | $ 11 | $ (9) |
Commitments and Contingencies (
Commitments and Contingencies (Details) | Feb. 02, 2019USD ($) |
Commitments and Contingencies Disclosure [Abstract] | |
Loss Contingency Estimate of Possible Loss | $ 9,300,000 |