Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | |
Jan. 28, 2023 | Jul. 30, 2022 | |
Document and Entity Information [Abstract] | ||
Entity Registrant Name | The Cato Corporation | |
Entity Central Index Key | 0000018255 | |
Document Type | 10-K | |
Document Period End Date | Jan. 28, 2023 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --01-28 | |
Entity Well Known Seasoned Issuer | No | |
Entity Voluntary Filers | No | |
Entity Current Reporting Status | Yes | |
Entity Filer Category | Accelerated Filer | |
Class of Stock [Line Items] | ||
Document Fiscal Year Focus | 2022 | |
Document Fiscal Period Focus | FY | |
Entity Public Float | $ 226,038,963 | |
Entity Emerging Growth Company | false | |
Entity Small Business | false | |
Entity Shell Company | false | |
Security Exchange Name | NYSE | |
Entity Interactive Data Current | Yes | |
Security12bTitle | Class A - Common Stock, par value $.033 per share | |
Trading Symbol | CATO | |
Entity File Number | 1-31340 | |
Entity Incorporation State Country Code | DE | |
Entity Tax Identification Number | 56-0484485 | |
Document Annual Report | true | |
Entity Address Address Line 1 | 8100 Denmark Road | |
Entity Address City Or Town | Charlotte | |
Entity Address State Or Province | NC | |
Entity Address Postal Zip Code | 28273-5975 | |
City Area Code | 704 | |
Local Phone Number | 554-8510 | |
Document Transition Report | false | |
ICFR Auditor Attestation Flag | true | |
Auditor Firm ID | 238 | |
Auditor location | Charlotte, North Carolina | |
Auditor name | PricewaterhouseCoopers LLP | |
Common Class A [Member] | ||
Class of Stock [Line Items] | ||
Entity Common Stock, Shares Outstanding (actual number) | 18,723,225 | |
Common Class B [Member] | ||
Class of Stock [Line Items] | ||
Entity Common Stock, Shares Outstanding (actual number) | 1,763,652 |
Consolidated Statements Of Inco
Consolidated Statements Of Income (Loss) And Comprehensive Income (Loss) - USD ($) $ in Thousands | 12 Months Ended | ||
Jan. 28, 2023 | Jan. 29, 2022 | Jan. 30, 2021 | |
Revenues | |||
Retail sales | $ 752,370 | $ 761,358 | $ 567,516 |
Other revenue (principally finance charges, late fees and layaway charges) | 6,890 | 7,913 | 7,595 |
Total revenues | 759,260 | 769,271 | 575,111 |
COSTS AND EXPENSES, NET | |||
Cost of goods sold (exclusive of depreciation shown below) | 509,664 | 453,065 | 433,187 |
Selling, general and administrative (exclusive of depreciation shown below) | 242,561 | 266,954 | 206,492 |
Depreciation | 11,080 | 12,356 | 14,681 |
Interest Expense | 87 | 72 | 187 |
Interest and other income | (5,902) | (2,141) | (6,630) |
Cost and expenses, net | 757,490 | 730,306 | 647,917 |
Income (loss) before income taxes | 1,770 | 38,965 | (72,806) |
Income tax expense (benefit) | 1,741 | 2,121 | (25,323) |
Net income (loss) | $ 29 | $ 36,844 | $ (47,483) |
Basic earnings (loss) per share | $ 0 | $ 1.65 | $ (2.01) |
Diluted earnings (loss) per share | 0 | 1.65 | (2.01) |
Dividends per share | $ 0.68 | $ 0.45 | $ 0.33 |
Comprehensive income | |||
Net income (loss) | $ 29 | $ 36,844 | $ (47,483) |
Unrealized gain (loss) on available-for-sale securities, net of deferred income taxes of ($287), ($433), and ($79) for fiscal 2022, 2021 and 2020, respectively | (958) | (1,435) | (268) |
Comprehensive (loss) income | $ (929) | $ 35,409 | $ (47,751) |
Consolidated Statements Of In_2
Consolidated Statements Of Income (Loss) And Comprehensive Income (Loss) (Parentheticals) - USD ($) $ in Thousands | 12 Months Ended | ||
Jan. 28, 2023 | Jan. 29, 2022 | Jan. 30, 2021 | |
OtherComprehensiveIncomeLossTaxParentheticalDisclosuresAbstract | |||
Tax Effect of Unrealized Gains (Losses) On Available-For-Sale Securities | $ (287) | $ (433) | $ (79) |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Jan. 28, 2023 | Jan. 29, 2022 |
Current Assets: | ||
Cash and cash equivalents | $ 20,005 | $ 19,759 |
Short-term investments | 108,652 | 145,998 |
Restricted Cash | 3,787 | 3,918 |
Restricted short term investments | 0 | 1 |
Accounts receivable, net of allowance for customer credit losses of $761 at January 28, 2023 and $803 at January 29, 2022 | 26,497 | 55,812 |
Merchandise inventories | 112,056 | 124,907 |
Prepaid expenses and other current assets | 6,676 | 5,273 |
Total Current Assets | 277,673 | 355,668 |
Property and equipment - net | 70,382 | 63,083 |
Deferred income taxes | 9,213 | 9,313 |
Other assets | 21,596 | 24,437 |
Right-of-Use assets - net | 174,276 | 181,265 |
Total Assets | 553,140 | 633,766 |
Current Liabilities: | ||
Accounts payable | 91,956 | 109,546 |
Accrued expenses | 41,338 | 40,373 |
Accrued bonus and benefits | 1,690 | 26,488 |
Accrued income taxes | 613 | 920 |
Current lease liability | 67,360 | 66,808 |
Total Current Liabilities | 202,957 | 244,135 |
Other noncurrent liabilities (primarily deferred rent) | 16,183 | 17,914 |
Lease liability | 107,407 | 117,521 |
Commitments And Contingencies | ||
Stockholders' Equity: | ||
Preferred stock, $100 par value per share, 100,000 shares authorized, none issued | 0 | 0 |
Class of Stock [Line Items] | ||
Common stock | 691 | 728 |
Additional paid-in capital | 122,431 | 119,540 |
Retained earnings | 104,709 | 134,208 |
Accumulated other comprehensive income | (1,238) | (280) |
Total Stockholders' Equity | 226,593 | 254,196 |
Total Liabilities and Stockholders' Equity | 553,140 | 633,766 |
Common Class A [Member] | ||
Class of Stock [Line Items] | ||
Common stock | 632 | 669 |
Common Class B [Member] | ||
Class of Stock [Line Items] | ||
Common stock | $ 59 | $ 59 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands | Jan. 28, 2023 | Jan. 29, 2022 |
Class of Stock [Line Items] | ||
Allowance For Doubtful Accounts Receivable Current | $ 761 | $ 803 |
Preferred Stock Par Or Stated Value Per Share | $ 100 | $ 100 |
Preferred Stock Shares Authorized | 100,000 | 100,000 |
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 | 1,763,652 |
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 | 18,723,225 | 19,824,093 |
Common Stock Par Or Stated Value Per Share | $ 0.033 | $ 0.033 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | ||
Jan. 28, 2023 | Jan. 29, 2022 | Jan. 30, 2021 | |
OPERATING ACTIVITIES | |||
Net income (loss) | $ 29 | $ 36,844 | $ (47,483) |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
Depreciation | 11,080 | 12,356 | 14,681 |
Provision for customer credit losses | 280 | 429 | 306 |
Purchase premium and premium amortization of investments | 537 | (332) | (691) |
Gain on sale of assets held for investment | 0 | 0 | (2,298) |
Share Based Compensation | 2,606 | 4,090 | 4,092 |
Deferred income taxes | 386 | (3,194) | 3,030 |
Loss on disposal of property and equipment | 199 | 629 | 461 |
Impairment of assets | 884 | 901 | 13,702 |
Changes in operating assets and liabilities which provided (used) cash: | |||
Accounts receivable | 29,034 | (3,499) | (26,935) |
Merchandise inventories | 12,851 | (40,784) | 31,242 |
Prepaid and other assets | 1,543 | (505) | (1,596) |
Operating lease right-of-use asstes and liabilities | (2,573) | (3,855) | (2,611) |
Accrued income taxes | (307) | (1,118) | 335 |
Accounts payable, accrued expenses and other liabilities | (43,179) | 57,826 | (16,945) |
Net cash provided by (used in) operating activities | 13,370 | 59,788 | (30,710) |
INVESTING ACTIVITIES | |||
Expenditures for property and equipment | (19,433) | (4,105) | (13,956) |
Purchase of short-term investments | (54,734) | (141,937) | (74,041) |
Sales of short-term investments | 90,190 | 121,110 | 149,298 |
Purchase of Other Assets | 0 | (400) | 0 |
Sales Of Other Assets | 0 | 0 | 3,205 |
Net cash provided by (used in) investing activities | 16,023 | (25,332) | 64,506 |
FINANCING ACTIVITIES | |||
Dividends paid | (14,369) | (9,972) | (7,912) |
Repurchase of common stock | (15,216) | (22,033) | (19,654) |
Proceeds from lines of credit | 0 | 0 | 34,000 |
Payments to lines of credit | 0 | 0 | (34,000) |
Proceeds from employee stock purchase plan | 307 | 204 | 391 |
Net cash used in financing activities | (29,278) | (31,801) | (27,175) |
Net increase in cash, cash equivalents, and restricted cash | 115 | 2,655 | 6,621 |
Cash, Cash Equivalents and Restricted Cash at Beginning of Period | 23,677 | 21,022 | 14,401 |
Cash, Cash Equivalents and Restricted Cash at End of Period | 23,792 | 23,677 | 21,022 |
Accrued plant and equipment | $ 685 | $ 657 | $ 343 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands | Total | Common Stock | Additional Paid in Capital | Retained Earnings | Accumulated Other Comprehensive Income |
Balance at Feb. 01, 2020 | $ 316,514 | $ 820 | $ 110,813 | $ 203,458 | $ 1,423 |
Net income (loss) | (47,483) | 0 | 0 | (47,483) | 0 |
Unrealized gain (loss) on available-for-sale securities, net of deferred income taxes of ($287), ($433), and ($79) for fiscal 2022, 2021 and 2020, respectively | 268 | 0 | 0 | 0 | (268) |
Dividends paid | 7,912 | 0 | 0 | 7,912 | 0 |
Class A common stock sold through employee stock purchase plan | 460 | 1 | 459 | 0 | 0 |
Share-based compensation expense | 4,022 | 8 | 4,006 | 8 | 0 |
Retirement of treasury sharess | 18,835 | 67 | 0 | 18,768 | 0 |
Balance at Jan. 30, 2021 | 246,498 | 762 | 115,278 | 129,303 | 1,155 |
Net income (loss) | 36,844 | 0 | 0 | 36,844 | 0 |
Unrealized gain (loss) on available-for-sale securities, net of deferred income taxes of ($287), ($433), and ($79) for fiscal 2022, 2021 and 2020, respectively | 1,435 | 0 | 0 | 0 | (1,435) |
Dividends paid | 9,972 | 0 | 0 | 9,972 | 0 |
Class A common stock sold through employee stock purchase plan | 239 | 0 | 239 | 0 | 0 |
Share-based compensation expense | 4,055 | 13 | 4,023 | 19 | 0 |
Retirement of treasury sharess | 22,033 | 47 | 0 | 21,986 | 0 |
Balance at Jan. 29, 2022 | 254,196 | 728 | 119,540 | 134,208 | (280) |
Net income (loss) | 29 | 0 | 0 | 29 | 0 |
Unrealized gain (loss) on available-for-sale securities, net of deferred income taxes of ($287), ($433), and ($79) for fiscal 2022, 2021 and 2020, respectively | 958 | 0 | 0 | 0 | (958) |
Dividends paid | 14,369 | 0 | 0 | 14,369 | 0 |
Class A common stock sold through employee stock purchase plan | 360 | 0 | 360 | 0 | 0 |
Share-based compensation expense | 2,552 | 4 | 2,531 | 17 | 0 |
Retirement of treasury sharess | 15,217 | 41 | 0 | 15,176 | 0 |
Balance at Jan. 28, 2023 | $ 226,593 | $ 691 | $ 122,431 | $ 104,709 | $ (1,238) |
Consolidated Statements of St_2
Consolidated Statements of Stockholders' Equity (Parentheticals) - USD ($) $ in Thousands | 12 Months Ended | ||
Jan. 28, 2023 | Jan. 29, 2022 | Jan. 30, 2021 | |
Statement of Stockholders' Equity [Abstract] | |||
Tax Effect of Unrealized Gains (Losses) On Available-For-Sale Securities | $ 287 | $ 433 | $ 79 |
Stock Transactions, Parenthetical Disclosures [Abstract] | |||
Dividends per share | $ 0.68 | $ 0.45 | $ 0.33 |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 12 Months Ended |
Jan. 28, 2023 | |
Summary of Significant Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | 1. Principles of Consolidation: The Consolidated Financial Statements include the accounts of The Cato Corporation and and transactions have been eliminated. Description Year: two operation Segment”). The “It’s Fashion,” “It’s are Company’s fiscal year ends 2021 and 2020 are 52 -week years. Use accounting estimates contingent revenues Significant for compensation, uncertain tax positions and valuation allowances on deferred tax Cash Cash original maturities of three months or less. Short-Term as short-term regarding, The available-for-sale. Balance Sheets gains comprehensive income. reduction reduction Comprehensive accretion gains and losses are included in Interest and other income. Restricted Cash and Restricted Short-term The Company had $ 3.8 3.9 million in administration which is Sheets. Supplemental Cash Flow Income tax years ended 29,206,000 , a payment of $ 13,176,000 6,825,000 , respectively. Inventories: Merchandise weighted-average cost method. Property and Equipment: Property and equipment are and repairs are expensed to operations as incurred; renewals and betterments are capitalized. Depreciation is leasehold improvements. life or lease term. the period) to determine estimated useful lives. ` Estimated Classification Useful Lives Land improvements 10 Buildings 30 - 40 Leasehold improvements 5 - 10 Fixtures and equipment 3 - 10 Information technology equipment and software 3 - 10 Aircraft 20 Impairment equipment primarily hardware. The lived assets, net recorded determines that the operating Company adjust shopping considers real estate development in predict 884,079 , 900,719 13,702,022 were incurred in fiscal 2022, fiscal 2021 and fiscal 2020, respectively. Other Assets: Other assets are comprised deferred compensation assets and land held for investment purposes. ` Balance as of January 28, 2023 January 29, 2022 (Dollars in thousands) Other Assets $ 9,274 $ 11,472 1,923 1,818 571 1,319 9,334 9,334 494 494 Total $ 21,596 $ 24,437 Leases: The allowances and rent escalations. a straight-line basis over the terms of the leases, including renewal periods considered reasonably the Company begins amortization space and begins to make improvements in preparation for intended use. Revenue The takes possession purchases customer transferred forfeited. Layaway the merchandise. Gift returns based from historical amounts. A provision is made Company’s based on billed to customers product to customers (billed and accrued) are classified as Cost of goods Revenue from Contracts with Customers (Topic in 256,000 , 1,482,000 891,000 , respectively, Revenue Topic redeemed issued by the Company have a 90-day expiration. the Company 349,000 485,000 January 28, credit card of $ 23.3 18.7 29, 2022, respectively. customers (in thousands): ` Balance as of January 28, 2023 January 29, 2022 Proprietary Credit Card Receivables, net $ 10,553 $ 8,998 Gift Card Liability $ 8,523 $ 8,308 Cost of Goods Sold: Cost of goods sold buying costs, distribution costs, occupancy costs, freight, and payroll-related center. and transfer associated with shipping goods to customers are recorded as a component Advertising: Advertising expense was approximately $ 6,868,000 , $ 6,037,000 4,385,000 2023, January 29, 2022 and January 30, 2021, respectively. Stock Repurchase Program: For the fiscal year ended January 197,769 shares repurchase end 163,580 1,481,433 . Directors February 23, 2023 Board of Directors meeting. Earnings ASC Earnings diluted Company accompanying Consolidated Statements of Company’s certificate on Class historically paid the same dividends has resolved to EPS applicable to both Class A and Class B shares. the potential dilution that could Stock Purchase Plan. 28, 2023, January 29, 2022 and January 30, 2021: ` Fiscal Year Ended January 28, 2023 January 29, 2022 January 30, 2021 Numerator (Dollars in thousands) Net earnings (loss) $ 29 $ 36,844 $ (47,483) (Earnings) loss allocated to non-vested equity awards 12 (1,937) 2,096 Net earnings (loss) available to common stockholders $ 41 $ 34,907 $ (45,387) Denominator Basic weighted average common shares outstanding 19,930,960 21,113,828 22,536,090 Diluted weighted average common shares outstanding 19,930,960 21,113,828 22,536,090 Net income (loss) per common share Basic earnings (loss) per share $ - $ 1.65 $ (2.01) Diluted earnings (loss) per share $ - $ 1.65 $ (2.01) Vendor The purchase discounts and markdown and sold presumed inventory. Income The provided provided Company’s assets and liabilities. Income Taxes these positions may be light unrecognized taxes. that assessment, the Company will determine if a valuation allowance should taxed income incurred, which is included as a component of its current year provision Store Costs expanding selection costs are capitalized to new, relocated and remodeled stores. Insurance: The Company is self-insured with respect to employee health care, workers’ compensation and claims filed and estimates of are The Company has stop-loss 325,000 healthcare, $ 350,000 250,000 Fair Value as approximate their fair values due to their short terms to maturity and/or Stock Based stock Compensation Compensation. includes: 1) amortization related to date fair value and 2) adjustments for the effects of actual forfeitures versus initial Recently In Board issued Accounting Standards Update 2021-10, Government Assistance (Topic Business . government assistance, method of statements. Company adopted this standard on a prospective basis on January 30, 2022. Recently pronouncements and believe none will have a material impact on |
Interest and Other Income
Interest and Other Income | 12 Months Ended |
Jan. 28, 2023 | |
Interests and Other Income [Abstract] | |
Interest and Other Income | 2. The components of Interest and other income are shown below (in thousands): Fiscal Year Ended January 28, 2023 January 29, 2022 January 30, 2021 Dividend income $ (47) $ (76) $ (5) Interest income (1,876) (1,321) (2,697) State recovery grant (1,431) - - Insurance proceeds (1,683) - - Miscellaneous income (896) (580) (627) Net loss (gain) on investment sales 31 (164) (3,301) Interest and other income $ (5,902) $ (2,141) $ (6,630) In 1.4 Recovery economic $ 1.7 in investment of $ 2.3 |
Short-Term Investments
Short-Term Investments | 12 Months Ended |
Jan. 28, 2023 | |
Short-Term Investments [Abstract] | |
Short-Term Investments | 3. governmental debt sale as they are highly liquid and are recorded on the Consolidated Balance Sheets at estimated fair value, with income. January 28, 2023 and January 29, 2022 (in thousands): ` January 28, 2023 January 29, 2022 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 $ 51,372 $ 59,541 $ 110,913 $ 50,554 $ 96,352 $ 146,906 Unrealized gains - - - - - - Unrealized (loss) (1,020) (1,241) (2,261) (388) (520) (908) Estimated fair value $ 50,352 $ 58,300 $ 108,652 $ 50,166 $ 95,832 $ 145,998 Accumulated accumulated losses accumulated unrealized (in thousands): ` January 28, 2023 January 29, 2022 Deferred Unrealized Deferred Unrealized Unrealized Tax Benefit/ Net Gain/ Unrealized Tax Benefit/ Net Gain/ Security Type Gain/(Loss) (Expense) (Loss) Gain/(Loss) (Expense) (Loss) Short-Term Investments $ (2,261) $ 521 $ (1,740) $ (908) $ 211 $ (697) Equity Investments 652 (150) 502 543 (126) 417 Total $ (1,609) $ 371 $ (1,238) $ (365) $ 85 $ (280) |
Fair Value Measurements
Fair Value Measurements | 12 Months Ended |
Jan. 28, 2023 | |
Fair Value Measurements [Abstract] | |
Fair Value Measurements | 4. at fair value as of January 28, 2023 and January 29, 2022 (in thousands): ` Prices in Active Significant Markets for Other Significant Identical Observable Unobservable January 28, 2023 Assets Inputs Inputs Description Level 1 Level 2 Level 3 Assets: $ 23,102 $ - $ 23,102 $ - 47,901 - 47,901 - 27,250 - 27,250 - 9,274 - - 9,274 9,373 - 9,373 - 923 923 - - 1,026 - 1,026 - Total Assets $ 118,849 $ 923 $ 108,652 $ 9,274 Liabilities: (8,903) - - (8,903) Total Liabilities $ (8,903) $ - $ - $ (8,903) Prices in Active Significant Markets for Other Significant Identical Observable Unobservable January 29, 2022 Assets Inputs Inputs Description Level 1 Level 2 Level 3 Assets: $ 30,451 $ - $ 30,451 $ - 76,909 - 76,909 - 19,715 - 19,715 - 11,472 - - 11,472 18,556 - 18,556 - 818 818 - - 367 - 367 - Total Assets $ 158,288 $ 818 $ 145,998 $ 11,472 Liabilities: (10,020) - - (10,020) Total Liabilities $ (10,020) $ - $ - $ (10,020) The following tables summarize measured using Level 3 inputs as of January 29, 2022 ` Fair Value Measurements Using Significant Unobservable Asset Inputs (Level 3) Cash Surrender Value Beginning Balance at January 29, 2022 $ 11,472 (1,718) (480) Ending Balance at January 28, 2023 $ 9,274 Fair Value Measurements Using Significant Unobservable Liability Inputs (Level 3) Deferred Compensation Beginning Balance at January 29, 2022 $ (10,020) 1,142 (379) 354 Ending Balance at January 28, 2023 $ (8,903) Fair Value Measurements Using Significant Unobservable Asset Inputs (Level 3) Cash Surrender Value Beginning Balance at January 30, 2021 $ 11,263 209 Ending Balance at January 29, 2022 $ 11,472 Fair Value Measurements Using Significant Unobservable Liability Inputs (Level 3) Deferred Compensation Beginning Balance at January 30, 2021 $ (10,316) 1,010 (304) (410) Ending Balance at January 29, 2022 $ (10,020) The taxable governmental January 28, maturities which six days 3.9 years . The have three days 1.6 years . available-for-sale investments and Other fair income. The asset-backed securities are bonds comprised of auto loans and bank credit cards that carry AAA ratings. The auto loan asset-backed serviced securities are backed by revolving pools of credit American Express, Citibank, JPMorgan Chase, Capital One, 0.9 recorded within Other assets in the $ 0.8 Sheets. investment securities include corporate and municipal bonds for which quoted prices may active exchanges for identical instruments. by identical assets are information characteristics, among other factors. policies are valued based on the cash surrender value of the insurance contract, which is determined based on classified insurance underlying Consolidated Balance Sheets. These money market funds that are observable and actively traded. |
Accounts Receivable
Accounts Receivable | 12 Months Ended |
Jan. 28, 2023 | |
Accounts Receivable Disclosure [Abstract] | |
Accounts Receivable | 5. Accounts Receivable: Accounts receivable consist of the following (in thousands): January 28, 2023 January 29, 2022 Customer accounts — principally deferred payment accounts $ 11,313 $ 9,800 Income tax receivable 6,442 38,361 Miscellaneous receivables 3,991 3,540 Bank card receivables 5,512 4,914 Total 27,258 56,615 Less allowance for customer credit losses 761 803 Accounts receivable — net $ 26,497 $ 55,812 Finance charge 2,243,000 , $ 2,066,000 2,658,000 years ended January 28, 2023, January 29, 2022 2021, $ 280,000 , 429,000 306,000 January classified Consolidated Statements of Income (Loss) and Comprehensive Income |
Property and Equipment
Property and Equipment | 12 Months Ended |
Jan. 28, 2023 | |
Property and Equipment [Abstract] | |
Property and Equipment | 6. Property and Equipment: Property and equipment consist of the following (in thousands): January 28, 2023 January 29, 2022 Land and improvements $ 13,595 $ 13,595 Buildings 35,537 35,403 Leasehold improvements 77,609 79,327 Fixtures and equipment 174,640 178,027 Information technology equipment and software 38,202 34,758 Construction in progress 12,989 1,498 Total 352,572 342,608 Less accumulated depreciation 282,190 279,525 Property and equipment — net $ 70,382 $ 63,083 distribution center improvements and investments in new technology. |
Accrued Expenses
Accrued Expenses | 12 Months Ended |
Jan. 28, 2023 | |
Accrued Expenses [Abstract] | |
Accrued Expenses | 7. Accrued Expenses: Accrued expenses consist of the following (in thousands): January 28, 2023 January 29, 2022 Accrued employment and related items $ 7,377 $ 6,388 Property and other taxes 16,546 16,930 Accrued self-insurance 7,968 8,463 Fixed assets 685 657 Other 8,762 7,935 Total $ 41,338 $ 40,373 Prior period balances in the table above have been reclassified period presentation. |
Financing Arrangements
Financing Arrangements | 12 Months Ended |
Jan. 28, 2023 | |
Financing Arrangements [Abstract] | |
Financing Arrangements | 8. borrowings of 35.0 commitments, May 2027 . covenants was in compliance as of January 28, 2023. no of January 28, credit facility was zero no no relating to purchase commitments. |
Stockholders' Equity
Stockholders' Equity | 12 Months Ended |
Jan. 28, 2023 | |
Stockholders' Equity [Abstract] | |
Stockholders' Equity | 9. one vote per share , Class B Common Stock are entitled ten votes per share . Each share of converted at any time into one share of Class A Common Stock . Subject to the rights of the holders of any shares of winding distribution of $ 1.00 Stock cannot be Stock. transferred holders them and the these transferred Class A Common Stock. |
Employee Benefit Plans
Employee Benefit Plans | 12 Months Ended |
Jan. 28, 2023 | |
Employee Benefit Plans [Abstract] | |
Employee Benefit Plans | 10. associates 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 . expenses. Further Company contributions contributions approximately $ 1,184,000 , $ 1,210,000 0 , 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 . Company’s discretionary Board approved 32,510 . contribution 29,430,000 0 respectively. large are less developing its trend is not indicative of future trends, then the Company may be required to record a reduction to expense which of operations. The Company funds healthcare contributions to a third-party |
Leases
Leases | 12 Months Ended |
Jan. 28, 2023 | |
Leases [Abstract] | |
Leases | 11 Leases: The Company determines whether an leases for one year 10 years , some of which include options to up to five years , and some of which within one year . determining lease agreements do not contain any material residual value guarantees or material incremental determining the present value of lease payments. ` Fiscal Year Ended January 28, 2023 January 29, 2022 Operating lease cost (a) $ 71,513 $ 68,763 Variable $ 3,127 $ 3,041 (a) Includes right-of-use asset amortization of ($ 1.7 ) million and ($ 2.2 ) million for the twelve months ended January 28, 2023 and January 29, 2022, respectively. (b) Primarily relates to monthly percentage rent for stores not presented on the balance sheet. Supplemental cash flow are as follows (in thousands): Operating cash flow information: Fiscal Year Ended January 28, 2023 January 29, 2022 Cash paid for amounts included in the measurement of lease liabilities $ 67,194 $ 63,201 Non-cash activity: Right-of-use assets obtained in exchange for lease obligations, net of rent violations $ 57,628 $ 40,756 Weighted-average follows: ` As of January 28, 2023 January 29, 2022 Weighted-average remaining lease term 2.5 2.7 Weighted-average discount rate 3.13% 3.55% Maturities thousands): Fiscal Year 2023 $ 71,850 2024 50,732 2025 33,236 2026 18,534 2027 8,505 Thereafter 1,513 Total lease payments 184,370 Less: Imputed interest 9,603 Present value of lease liabilities $ 174,767 |
Income Taxes
Income Taxes | 12 Months Ended |
Jan. 28, 2023 | |
Income Taxes [Abstract] | |
Income Taxes | 12. liabilities, are established in accordance are The 2023, 4.9 approximately 6.0 Company had approximately $ 2.0 2.0 2.8 related respectively. positions 517,000 , 452,000 $ 424,000 Income (Loss) for the years ended January 28, 2023, January 29, 2022 The state months, examinations which a range cannot be determined. (in thousands): ` January 28, 2023 January 29, 2022 January 30, 2021 Fiscal Year Balances, beginning $ 5,286 $ 5,946 $ 7,942 431 1,312 286 137 680 - Reduction for tax positions of prior years for: - - 614 (968) (2,652) (2,896) Balances, ending $ 4,886 $ 5,286 $ 5,946 The provision for income taxes consists of ` January 28, 2023 January 29, 2022 January 30, 2021 Fiscal Year Current income taxes: $ (817) $ 2,532 $ (31,927) (231) 802 1,842 2,403 1,984 1,731 1,355 5,318 (28,354) Deferred income taxes: 200 (2,558) 1,905 186 (639) 1,129 - - (3) 386 (3,197) 3,031 Total income tax expense (benefit) $ 1,741 $ 2,121 $ (25,323) Significant January 29, 2022 are as follows ` January 28, 2023 January 29, 2022 Deferred tax assets: Allowance for customer credit losses $ 162 $ 171 Inventory valuation 1,042 1,176 Non-deductible accrued liabilities 1,435 1,367 Other taxes 875 1,135 Federal benefit of uncertain tax positions 851 972 Equity compensation expense 2,892 3,666 Net operating losses 5,567 4,206 Charitable contribution carryover 216 241 State tax credits 340 1,115 Lease liabilities 40,090 42,268 Property and equipment 3,400 2,257 Other 2,822 2,036 Total deferred 59,692 60,610 Valuation (5,058) (4,473) Total deferred 54,634 56,137 Deferred tax liabilities: Right-of-Use assets 44,732 46,320 Accrued self-insurance reserves 689 504 Total deferred 45,421 46,824 Net deferred tax assets $ 9,213 $ 9,313 The changes in the valuation allowance are presented below: January 28, 2023 January 29, 2022 Valuation $ (4,473) $ (5,256) (585) 783 Valuation $ (5,058) $ (4,473) As of January 28, 2023, the Company had $ 0.3 expense, which are set to expire a valuation allowance of $ 0.3 5.6 Company assessed the likelihood that deferred tax assets related to state net operating loss carryforwards will be realized. will not be 4.8 allowance for the same amount. The net change due to state net operating losses and undistributed distributions 100 % withholding zero considered approximately $ 31.7 The reconciliation of the Company’s effective ` January 28, 2023 January 29, 2022 January 30, 2021 Fiscal Year Federal income tax rate 21.0 % 21.0 % 21.0 % State income taxes (36.4) 2.7 4.0 CARES ACT - Carryback differential - (5.8) 18.3 Global intangible low-taxed income 333.0 6.7 (5.3) Foreign tax credit (11.2) (4.3) - Foreign rate differential (74.4) (2.8) 1.2 Offshore claim (141.2) (5.5) 2.5 Limitation on officer compensation 27.2 1.9 (0.4) Work opportunity credit (63.7) (1.8) 0.2 Addback on wage related credits 13.4 0.4 - Tax exempt interest (14.4) - - Insurance (8.1) (1.0) - Charitable contribution of inventory - (1.1) (0.2) Uncertain tax positions (18.7) (3.5) 3.3 Deferred rate change 1.1 0.1 (0.1) Valuation 70.9 (2.1) (5.7) Other (0.1) 0.5 (4.0) Effective income tax rate 98.4 % 5.4 % 34.8 % |
Reportable Segment Information
Reportable Segment Information | 12 Months Ended |
Jan. 28, 2023 | |
Reportable Segment Information [Abstract] | |
Reportable Segment Information | 13. The four including two reportable including more operating segments may be aggregated into a single reportable segment if aggregation is consistent with the characteristics, products, production processes, clients and The financial apparel, sourced Merchandise for through manner. The processing, and collection efforts are performed by The following schedule summarizes certain segment ` Fiscal 2022 Retail Credit Total Revenues $ 757,017 $ 2,243 $ 759,260 Depreciation 11,078 2 11,080 Interest and other income 5,902 - 5,902 Income (loss) before taxes 1,179 591 1,770 Capital expenditures 19,433 - 19,433 Fiscal 2021 Retail Credit Total Revenues $ 767,205 $ 2,066 $ 769,271 Depreciation 12,354 2 12,356 Interest and other income 2,141 - 2,141 Income (loss) before taxes 38,340 625 38,965 Capital expenditures 4,101 4 4,105 Fiscal 2020 Retail Credit Total Revenues $ 572,453 $ 2,658 $ 575,111 Depreciation 14,680 1 14,681 Interest and other income 6,630 - 6,630 Income (loss) before taxes (73,972) 1,166 (72,806) Capital expenditures 13,955 1 13,956 Retail Credit Total Total assets as of January 28, $ 514,609 $ 38,531 $ 553,140 Total assets as of January 29, 595,487 38,279 633,766 The accounting Accounting Policies in before income taxes. The Company does not The Selling, general and administrative expenses (in thousands): Fiscal Year ` January 28, 2023 January 29, 2022 January 30, 2021 Payroll $ 527 $ 501 $ 541 Postage 406 342 360 Other expenses 717 595 590 Total expenses $ 1,650 $ 1,438 $ 1,491 |
Stock Based Compensation
Stock Based Compensation | 12 Months Ended |
Jan. 28, 2023 | |
Stock Based Compensation [Abstract] | |
Stock Based Compensation | 14. two based Compensation Plan and stock options for grant, to officers, directors and key employees. Effective May 24, 2018, were no longer available under and available for grant under each of the plans as of January 28, 2023: ` 2013 2018 Plan Plan Total Options and/or restricted stock initially authorized 1,500,000 4,725,000 6,225,000 Options and/or restricted stock available for grant: - 3,580,471 3,580,471 - 3,461,061 3,461,061 In accordance with date of grant based on the market price of the Company’s stock and is amortized to compensation expense on a straight-line five year 10,543,000 total unrecognized to be recognized over 2.1 value 2023, January 2,556,000 , $ 4,055,000 4,023,000 , respectively. The decrease driven component (Loss) and Comprehensive Income (Loss). The following summary shows the years ended January 28, 2023, ` Weighted Average Number of Grant Date Fair Shares Value Per Restricted stock awards at February 1, 2020 942,562 $ 19.55 Granted 335,317 11.11 Vested (129,682) 34.01 Forfeited or expired (124,241) 16.37 Restricted stock awards at January 30, 2021 1,023,956 $ 15.33 Granted 407,910 13.49 Vested (176,575) 22.22 Forfeited or expired (59,003) 13.95 Restricted stock awards at January 29, 2022 1,196,288 $ 13.76 Granted 319,441 13.70 Vested (231,638) 16.99 Forfeited or expired (224,658) 13.43 Restricted stock awards at January 28, 2023 1,059,433 $ 13.10 The limited period at 15 % discount through 2023, the 31,994 1.70 Employee Stock Purchase Plan. 15 % discount given the 54,000 , 36,000 69,000 2022, 2021 and 2020, administrative expenses. |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Jan. 28, 2023 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | 15. business, property, to litigation with present or former employees. of could believe adverse involved in such matters, an adverse affect the period. estimable. |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Income | 12 Months Ended |
Jan. 28, 2023 | |
Accumulated other comprehensive income loss disclosure [Abstract] | |
Accumulatedothercomprehensiveincomelosstextblock | 16. The comprehensive income (in thousands) as of ` Changes in Accumulated Other Comprehensive Income (a) Unrealized Gains and (Losses) on Available-for-Sale Securities Beginning Balance at January 29, 2022 $ (280) (982) 24 Net current-period other comprehensive income (loss) (958) Ending Balance at January 28, 2023 $ (1,238) (a) All amounts are net-of-tax. Amounts in parentheses indicate a debit/reduction to income (“OCI”). (b) Includes $ 31 income for net gains on available-for-sale securities. The 7 . Amounts in parentheses indicate a debit/reduction to OCI. The following table sets forth information regarding the reclassification comprehensive income (in thousands) as of January 29, 2022: Changes in Accumulated Other Comprehensive Income (a) Unrealized Gains and (Losses) on Available-for-Sale Securities Beginning Balance at January 30, 2021 $ 1,155 (1,561) 126 Net current-period other comprehensive income (loss) (1,435) Ending Balance at January 29, 2022 $ (280) (a) All amounts are net-of-tax. Amounts in parentheses indicate a debit/reduction to (b) Includes $ 164 income for net gains on available-for-sale securities. The 38 . Amounts in parentheses indicate a debit/reduction to OCI. |
Valuation And Qualifying Accoun
Valuation And Qualifying Accounts | 12 Months Ended |
Jan. 28, 2023 | |
Valuation and Qualifying Accounts [Abstract] | |
Valuation And Qualifying Accounts | Schedule II VALUATION (in thousands) Allowance for Customer Self Insurance Credit Losses(a) Reserves(b) Balance at February 1, 2020 $ 726 $ 10,535 Additions charged to costs and expenses 435 15,500 Additions (reductions) charged to other accounts 171 (c) (205) Deductions (727) (d) (14,855) Balance at January 30, 2021 $ 605 $ 10,975 Additions charged to costs and expenses 485 13,464 Additions (reductions) charged to other accounts 98 (c) (1,447) Deductions (385) (d) (14,721) Balance at January 29, 2022 $ 803 $ 8,271 Additions charged to costs and expenses 349 13,287 Additions (reductions) charged to other accounts 84 (c) 638 Deductions (475) (d) (14,523) Balance at January 28, 2023 $ 761 $ 7,673 (a) (b) (c) (d) |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Jan. 28, 2023 | |
Summary of Significant Accounting Policies [Abstract] | |
Principles Of Consolidation | Principles of Consolidation: The Consolidated Financial Statements include the accounts of The Cato Corporation and and transactions have been eliminated. |
Description of Fiscal Year | Description Year: two operation Segment”). The “It’s Fashion,” “It’s are Company’s fiscal year ends 2021 and 2020 are 52 -week years. |
Use Of Estimates | Use accounting estimates contingent revenues Significant for compensation, uncertain tax positions and valuation allowances on deferred tax |
Cash And Cash Equivalents | Cash Cash original maturities of three months or less. |
Short-Term Investments | Short-Term as short-term regarding, The available-for-sale. Balance Sheets gains comprehensive income. reduction reduction Comprehensive accretion gains and losses are included in Interest and other income. |
Restricted Cash And Short-Term Investments | Restricted Cash and Restricted Short-term The Company had $ 3.8 3.9 million in administration which is Sheets. |
Supplemental Cash Flow Information | Supplemental Cash Flow Income tax years ended 29,206,000 , a payment of $ 13,176,000 6,825,000 , respectively. |
Inventories | Inventories: Merchandise weighted-average cost method. |
Property And Equipment | Property and Equipment: Property and equipment are and repairs are expensed to operations as incurred; renewals and betterments are capitalized. Depreciation is leasehold improvements. life or lease term. the period) to determine estimated useful lives. ` Estimated Classification Useful Lives Land improvements 10 Buildings 30 - 40 Leasehold improvements 5 - 10 Fixtures and equipment 3 - 10 Information technology equipment and software 3 - 10 Aircraft 20 |
Impairment Of Long-Lived Assets | Impairment equipment primarily hardware. The lived assets, net recorded determines that the operating Company adjust shopping considers real estate development in predict 884,079 , 900,719 13,702,022 were incurred in fiscal 2022, fiscal 2021 and fiscal 2020, respectively. |
Other Assets | Other Assets: Other assets are comprised deferred compensation assets and land held for investment purposes. ` Balance as of January 28, 2023 January 29, 2022 (Dollars in thousands) Other Assets $ 9,274 $ 11,472 1,923 1,818 571 1,319 9,334 9,334 494 494 Total $ 21,596 $ 24,437 |
Leases | Leases: The allowances and rent escalations. a straight-line basis over the terms of the leases, including renewal periods considered reasonably the Company begins amortization space and begins to make improvements in preparation for intended use. |
Revenue Recognition | Revenue The takes possession purchases customer transferred forfeited. Layaway the merchandise. Gift returns based from historical amounts. A provision is made Company’s based on billed to customers product to customers (billed and accrued) are classified as Cost of goods Revenue from Contracts with Customers (Topic in 256,000 , 1,482,000 891,000 , respectively, Revenue Topic redeemed issued by the Company have a 90-day expiration. the Company 349,000 485,000 January 28, credit card of $ 23.3 18.7 29, 2022, respectively. customers (in thousands): ` Balance as of January 28, 2023 January 29, 2022 Proprietary Credit Card Receivables, net $ 10,553 $ 8,998 Gift Card Liability $ 8,523 $ 8,308 |
Cost Of Goods Sold | Cost of Goods Sold: Cost of goods sold buying costs, distribution costs, occupancy costs, freight, and payroll-related center. and transfer associated with shipping goods to customers are recorded as a component |
Advertising | Advertising: Advertising expense was approximately $ 6,868,000 , $ 6,037,000 4,385,000 2023, January 29, 2022 and January 30, 2021, respectively. |
Stock Repurchase Program | Stock Repurchase Program: For the fiscal year ended January 197,769 shares repurchase end 163,580 1,481,433 . Directors February 23, 2023 Board of Directors meeting. |
Earnings Per Share | Earnings ASC Earnings diluted Company accompanying Consolidated Statements of Company’s certificate on Class historically paid the same dividends has resolved to EPS applicable to both Class A and Class B shares. the potential dilution that could Stock Purchase Plan. 28, 2023, January 29, 2022 and January 30, 2021: ` Fiscal Year Ended January 28, 2023 January 29, 2022 January 30, 2021 Numerator (Dollars in thousands) Net earnings (loss) $ 29 $ 36,844 $ (47,483) (Earnings) loss allocated to non-vested equity awards 12 (1,937) 2,096 Net earnings (loss) available to common stockholders $ 41 $ 34,907 $ (45,387) Denominator Basic weighted average common shares outstanding 19,930,960 21,113,828 22,536,090 Diluted weighted average common shares outstanding 19,930,960 21,113,828 22,536,090 Net income (loss) per common share Basic earnings (loss) per share $ - $ 1.65 $ (2.01) Diluted earnings (loss) per share $ - $ 1.65 $ (2.01) |
Vendor Allowances | Vendor The purchase discounts and markdown and sold presumed inventory. |
Income Taxes | Income The provided provided Company’s assets and liabilities. Income Taxes these positions may be light unrecognized taxes. that assessment, the Company will determine if a valuation allowance should taxed income incurred, which is included as a component of its current year provision |
Store Opening Costs | Store Costs expanding selection costs are capitalized to new, relocated and remodeled stores. |
Insurance | Insurance: The Company is self-insured with respect to employee health care, workers’ compensation and claims filed and estimates of are The Company has stop-loss 325,000 healthcare, $ 350,000 250,000 |
Fair Value Of Financial Instruments | Fair Value as approximate their fair values due to their short terms to maturity and/or |
Stock Based Compensation | Stock Based stock Compensation Compensation. includes: 1) amortization related to date fair value and 2) adjustments for the effects of actual forfeitures versus initial |
Recently Adopted Accounting Policies | Recently In Board issued Accounting Standards Update 2021-10, Government Assistance (Topic Business . government assistance, method of statements. Company adopted this standard on a prospective basis on January 30, 2022. Recently pronouncements and believe none will have a material impact on |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Jan. 28, 2023 | |
Earnings Per Share Disclosure [Abstract] | |
Estimated Useful Lives | ` Estimated Classification Useful Lives Land improvements 10 Buildings 30 - 40 Leasehold improvements 5 - 10 Fixtures and equipment 3 - 10 Information technology equipment and software 3 - 10 Aircraft 20 |
Other Assets | ` Balance as of January 28, 2023 January 29, 2022 (Dollars in thousands) Other Assets $ 9,274 $ 11,472 1,923 1,818 571 1,319 9,334 9,334 494 494 Total $ 21,596 $ 24,437 |
Earnings Per Share | ` Fiscal Year Ended January 28, 2023 January 29, 2022 January 30, 2021 Numerator (Dollars in thousands) Net earnings (loss) $ 29 $ 36,844 $ (47,483) (Earnings) loss allocated to non-vested equity awards 12 (1,937) 2,096 Net earnings (loss) available to common stockholders $ 41 $ 34,907 $ (45,387) Denominator Basic weighted average common shares outstanding 19,930,960 21,113,828 22,536,090 Diluted weighted average common shares outstanding 19,930,960 21,113,828 22,536,090 Net income (loss) per common share Basic earnings (loss) per share $ - $ 1.65 $ (2.01) Diluted earnings (loss) per share $ - $ 1.65 $ (2.01) |
Revenue Recognition | ` Balance as of January 28, 2023 January 29, 2022 Proprietary Credit Card Receivables, net $ 10,553 $ 8,998 Gift Card Liability $ 8,523 $ 8,308 |
Interest and Other Income (Tabl
Interest and Other Income (Tables) | 12 Months Ended |
Jan. 28, 2023 | |
Interests and Other Income [Abstract] | |
Interest and Other Income | 2. The components of Interest and other income are shown below (in thousands): Fiscal Year Ended January 28, 2023 January 29, 2022 January 30, 2021 Dividend income $ (47) $ (76) $ (5) Interest income (1,876) (1,321) (2,697) State recovery grant (1,431) - - Insurance proceeds (1,683) - - Miscellaneous income (896) (580) (627) Net loss (gain) on investment sales 31 (164) (3,301) Interest and other income $ (5,902) $ (2,141) $ (6,630) |
Short-Term Investments (Tables
Short-Term Investments (Tables) | 12 Months Ended |
Jan. 28, 2023 | |
Short-Term Investments [Abstract] | |
Schedule Of Available For Sale Securities Reconciliation to Fair Value | ` January 28, 2023 January 29, 2022 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 $ 51,372 $ 59,541 $ 110,913 $ 50,554 $ 96,352 $ 146,906 Unrealized gains - - - - - - Unrealized (loss) (1,020) (1,241) (2,261) (388) (520) (908) Estimated fair value $ 50,352 $ 58,300 $ 108,652 $ 50,166 $ 95,832 $ 145,998 |
Accumlated Uneralized Gains (Losses) | ` January 28, 2023 January 29, 2022 Deferred Unrealized Deferred Unrealized Unrealized Tax Benefit/ Net Gain/ Unrealized Tax Benefit/ Net Gain/ Security Type Gain/(Loss) (Expense) (Loss) Gain/(Loss) (Expense) (Loss) Short-Term Investments $ (2,261) $ 521 $ (1,740) $ (908) $ 211 $ (697) Equity Investments 652 (150) 502 543 (126) 417 Total $ (1,609) $ 371 $ (1,238) $ (365) $ 85 $ (280) |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 12 Months Ended |
Jan. 28, 2023 | |
Fair Value Measurements [Abstract] | |
Fair Value Disclosures | ` Prices in Active Significant Markets for Other Significant Identical Observable Unobservable January 28, 2023 Assets Inputs Inputs Description Level 1 Level 2 Level 3 Assets: $ 23,102 $ - $ 23,102 $ - 47,901 - 47,901 - 27,250 - 27,250 - 9,274 - - 9,274 9,373 - 9,373 - 923 923 - - 1,026 - 1,026 - Total Assets $ 118,849 $ 923 $ 108,652 $ 9,274 Liabilities: (8,903) - - (8,903) Total Liabilities $ (8,903) $ - $ - $ (8,903) Prices in Active Significant Markets for Other Significant Identical Observable Unobservable January 29, 2022 Assets Inputs Inputs Description Level 1 Level 2 Level 3 Assets: $ 30,451 $ - $ 30,451 $ - 76,909 - 76,909 - 19,715 - 19,715 - 11,472 - - 11,472 18,556 - 18,556 - 818 818 - - 367 - 367 - Total Assets $ 158,288 $ 818 $ 145,998 $ 11,472 Liabilities: (10,020) - - (10,020) Total Liabilities $ (10,020) $ - $ - $ (10,020) |
Level 3 Reconciliation | ` Fair Value Measurements Using Significant Unobservable Asset Inputs (Level 3) Cash Surrender Value Beginning Balance at January 29, 2022 $ 11,472 (1,718) (480) Ending Balance at January 28, 2023 $ 9,274 Fair Value Measurements Using Significant Unobservable Liability Inputs (Level 3) Deferred Compensation Beginning Balance at January 29, 2022 $ (10,020) 1,142 (379) 354 Ending Balance at January 28, 2023 $ (8,903) Fair Value Measurements Using Significant Unobservable Asset Inputs (Level 3) Cash Surrender Value Beginning Balance at January 30, 2021 $ 11,263 209 Ending Balance at January 29, 2022 $ 11,472 Fair Value Measurements Using Significant Unobservable Liability Inputs (Level 3) Deferred Compensation Beginning Balance at January 30, 2021 $ (10,316) 1,010 (304) (410) Ending Balance at January 29, 2022 $ (10,020) |
Accounts Receivables (Tables)
Accounts Receivables (Tables) | 12 Months Ended |
Jan. 28, 2023 | |
Accounts Receivable Disclosure [Abstract] | |
Accounts Receivable Components | 5. Accounts Receivable: Accounts receivable consist of the following (in thousands): January 28, 2023 January 29, 2022 Customer accounts — principally deferred payment accounts $ 11,313 $ 9,800 Income tax receivable 6,442 38,361 Miscellaneous receivables 3,991 3,540 Bank card receivables 5,512 4,914 Total 27,258 56,615 Less allowance for customer credit losses 761 803 Accounts receivable — net $ 26,497 $ 55,812 |
Property Plant and Equipment -
Property Plant and Equipment - (Tables) | 12 Months Ended |
Jan. 28, 2023 | |
Property and Equipment [Abstract] | |
Property and Equipment | 6. Property and Equipment: Property and equipment consist of the following (in thousands): January 28, 2023 January 29, 2022 Land and improvements $ 13,595 $ 13,595 Buildings 35,537 35,403 Leasehold improvements 77,609 79,327 Fixtures and equipment 174,640 178,027 Information technology equipment and software 38,202 34,758 Construction in progress 12,989 1,498 Total 352,572 342,608 Less accumulated depreciation 282,190 279,525 Property and equipment — net $ 70,382 $ 63,083 distribution center improvements and investments in new technology. |
Accrued Expenses (Tables)
Accrued Expenses (Tables) | 12 Months Ended |
Jan. 28, 2023 | |
Accrued Expenses [Abstract] | |
Accrued Expenses | 7. Accrued Expenses: Accrued expenses consist of the following (in thousands): January 28, 2023 January 29, 2022 Accrued employment and related items $ 7,377 $ 6,388 Property and other taxes 16,546 16,930 Accrued self-insurance 7,968 8,463 Fixed assets 685 657 Other 8,762 7,935 Total $ 41,338 $ 40,373 Prior period balances in the table above have been reclassified period presentation. |
Leases (Tables)
Leases (Tables) | 12 Months Ended |
Jan. 28, 2023 | |
Leases [Abstract] | |
Components of lease cost | ` Fiscal Year Ended January 28, 2023 January 29, 2022 Operating lease cost (a) $ 71,513 $ 68,763 Variable $ 3,127 $ 3,041 (a) Includes right-of-use asset amortization of ($ 1.7 ) million and ($ 2.2 ) million for the twelve months ended January 28, 2023 and January 29, 2022, respectively. (b) Primarily relates to monthly percentage rent for stores not presented on the balance sheet. Operating cash flow information: Fiscal Year Ended January 28, 2023 January 29, 2022 Cash paid for amounts included in the measurement of lease liabilities $ 67,194 $ 63,201 Non-cash activity: Right-of-use assets obtained in exchange for lease obligations, net of rent violations $ 57,628 $ 40,756 ` As of January 28, 2023 January 29, 2022 Weighted-average remaining lease term 2.5 2.7 Weighted-average discount rate 3.13% 3.55% |
Lessee, Operating Lease, Liability, Maturity | Fiscal Year 2023 $ 71,850 2024 50,732 2025 33,236 2026 18,534 2027 8,505 Thereafter 1,513 Total lease payments 184,370 Less: Imputed interest 9,603 Present value of lease liabilities $ 174,767 |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Jan. 28, 2023 | |
Income Taxes [Abstract] | |
Schedule of Unrecognized Tax Benefit Roll Forward | ` January 28, 2023 January 29, 2022 January 30, 2021 Fiscal Year Balances, beginning $ 5,286 $ 5,946 $ 7,942 431 1,312 286 137 680 - Reduction for tax positions of prior years for: - - 614 (968) (2,652) (2,896) Balances, ending $ 4,886 $ 5,286 $ 5,946 |
Components Of Income Tax Expense | ` January 28, 2023 January 29, 2022 January 30, 2021 Fiscal Year Current income taxes: $ (817) $ 2,532 $ (31,927) (231) 802 1,842 2,403 1,984 1,731 1,355 5,318 (28,354) Deferred income taxes: 200 (2,558) 1,905 186 (639) 1,129 - - (3) 386 (3,197) 3,031 Total income tax expense (benefit) $ 1,741 $ 2,121 $ (25,323) |
Schedule Of Deferred Tax Asset And Liability Components | ` January 28, 2023 January 29, 2022 Deferred tax assets: Allowance for customer credit losses $ 162 $ 171 Inventory valuation 1,042 1,176 Non-deductible accrued liabilities 1,435 1,367 Other taxes 875 1,135 Federal benefit of uncertain tax positions 851 972 Equity compensation expense 2,892 3,666 Net operating losses 5,567 4,206 Charitable contribution carryover 216 241 State tax credits 340 1,115 Lease liabilities 40,090 42,268 Property and equipment 3,400 2,257 Other 2,822 2,036 Total deferred 59,692 60,610 Valuation (5,058) (4,473) Total deferred 54,634 56,137 Deferred tax liabilities: Right-of-Use assets 44,732 46,320 Accrued self-insurance reserves 689 504 Total deferred 45,421 46,824 Net deferred tax assets $ 9,213 $ 9,313 The changes in the valuation allowance are presented below: January 28, 2023 January 29, 2022 Valuation $ (4,473) $ (5,256) (585) 783 Valuation $ (5,058) $ (4,473) |
Reconciliation Of Effective Tax Rate | ` January 28, 2023 January 29, 2022 January 30, 2021 Fiscal Year Federal income tax rate 21.0 % 21.0 % 21.0 % State income taxes (36.4) 2.7 4.0 CARES ACT - Carryback differential - (5.8) 18.3 Global intangible low-taxed income 333.0 6.7 (5.3) Foreign tax credit (11.2) (4.3) - Foreign rate differential (74.4) (2.8) 1.2 Offshore claim (141.2) (5.5) 2.5 Limitation on officer compensation 27.2 1.9 (0.4) Work opportunity credit (63.7) (1.8) 0.2 Addback on wage related credits 13.4 0.4 - Tax exempt interest (14.4) - - Insurance (8.1) (1.0) - Charitable contribution of inventory - (1.1) (0.2) Uncertain tax positions (18.7) (3.5) 3.3 Deferred rate change 1.1 0.1 (0.1) Valuation 70.9 (2.1) (5.7) Other (0.1) 0.5 (4.0) Effective income tax rate 98.4 % 5.4 % 34.8 % |
Reportable Segment Information
Reportable Segment Information (Tables) | 12 Months Ended |
Jan. 28, 2023 | |
Reportable Segment Information [Abstract] | |
Certain Segment Information | ` Fiscal 2022 Retail Credit Total Revenues $ 757,017 $ 2,243 $ 759,260 Depreciation 11,078 2 11,080 Interest and other income 5,902 - 5,902 Income (loss) before taxes 1,179 591 1,770 Capital expenditures 19,433 - 19,433 Fiscal 2021 Retail Credit Total Revenues $ 767,205 $ 2,066 $ 769,271 Depreciation 12,354 2 12,356 Interest and other income 2,141 - 2,141 Income (loss) before taxes 38,340 625 38,965 Capital expenditures 4,101 4 4,105 Fiscal 2020 Retail Credit Total Revenues $ 572,453 $ 2,658 $ 575,111 Depreciation 14,680 1 14,681 Interest and other income 6,630 - 6,630 Income (loss) before taxes (73,972) 1,166 (72,806) Capital expenditures 13,955 1 13,956 Retail Credit Total Total assets as of January 28, $ 514,609 $ 38,531 $ 553,140 Total assets as of January 29, 595,487 38,279 633,766 |
Direct Expenses Of The Credit Segment | Fiscal Year ` January 28, 2023 January 29, 2022 January 30, 2021 Payroll $ 527 $ 501 $ 541 Postage 406 342 360 Other expenses 717 595 590 Total expenses $ 1,650 $ 1,438 $ 1,491 |
Stock Based Compensation (Table
Stock Based Compensation (Tables) | 12 Months Ended |
Jan. 28, 2023 | |
Stock Based Compensation [Abstract] | |
Stock Based Compensation Plans | ` 2013 2018 Plan Plan Total Options and/or restricted stock initially authorized 1,500,000 4,725,000 6,225,000 Options and/or restricted stock available for grant: - 3,580,471 3,580,471 - 3,461,061 3,461,061 |
Schedule Of Changes In Restricted Stock Outstanding | ` Weighted Average Number of Grant Date Fair Shares Value Per Restricted stock awards at February 1, 2020 942,562 $ 19.55 Granted 335,317 11.11 Vested (129,682) 34.01 Forfeited or expired (124,241) 16.37 Restricted stock awards at January 30, 2021 1,023,956 $ 15.33 Granted 407,910 13.49 Vested (176,575) 22.22 Forfeited or expired (59,003) 13.95 Restricted stock awards at January 29, 2022 1,196,288 $ 13.76 Granted 319,441 13.70 Vested (231,638) 16.99 Forfeited or expired (224,658) 13.43 Restricted stock awards at January 28, 2023 1,059,433 $ 13.10 |
Accumulated Other Comprehensi_2
Accumulated Other Comprehensive Income (Tables) | 12 Months Ended |
Jan. 28, 2023 | |
Accumulated other comprehensive income loss disclosure [Abstract] | |
Reclassification Out Of Accumulated Other Comprehensive Income | ` Changes in Accumulated Other Comprehensive Income (a) Unrealized Gains and (Losses) on Available-for-Sale Securities Beginning Balance at January 29, 2022 $ (280) (982) 24 Net current-period other comprehensive income (loss) (958) Ending Balance at January 28, 2023 $ (1,238) (a) All amounts are net-of-tax. Amounts in parentheses indicate a debit/reduction to income (“OCI”). (b) Includes $ 31 income for net gains on available-for-sale securities. The 7 . 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 30, 2021 $ 1,155 (1,561) 126 Net current-period other comprehensive income (loss) (1,435) Ending Balance at January 29, 2022 $ (280) (a) All amounts are net-of-tax. Amounts in parentheses indicate a debit/reduction to (b) Includes $ 164 income for net gains on available-for-sale securities. The 38 . Amounts in parentheses indicate a debit/reduction to OCI. |
Summary of Significant Accoun_4
Summary of Significant Accounting Policies - Narrative (Details) | 2 Months Ended | 12 Months Ended | ||
Mar. 22, 2023 USD ($) shares | Jan. 28, 2023 USD ($) shares | Jan. 29, 2022 USD ($) | Jan. 30, 2021 USD ($) | |
Summary of Significant Accounting Policies [Abstract] | ||||
Fiscal Period Duration | 364 days | |||
Restricted Cash and Cash Equivalents In Escrow | $ 3,800,000 | $ 3,900,000 | ||
Asset Impairment Charges | 884,079 | 900,719 | $ 13,702,022 | |
Income Taxes Paid, Net | 29,206,000 | 13,176,000 | 6,825,000 | |
Advertising Expense | 6,868,000 | $ 6,037,000 | $ 4,385,000 | |
Stop-loss insurance coverage | 325,000 | |||
Employee health care coverage | 350,000 | |||
General liability coverage | $ 250,000 | |||
Number of Reportable Segments | 2 | |||
EquityClassOfTreasuryStockLineItems | ||||
Remaining Shares In Repurchase Authorizations | shares | 197,769 | |||
Subsequent Event | ||||
EquityClassOfTreasuryStockLineItems | ||||
Value Of Shares Repurchased and Retired | $ 1,481,433 | |||
Shares Repurchased and Retired | shares | 163,580 | |||
Land Improvements [Member] | ||||
Property, Plant and Equipment [Line Items] | ||||
Property, Plant and Equipment, Useful Life | 10 years | |||
Building [Member] | Maximum | ||||
Property, Plant and Equipment [Line Items] | ||||
Property, Plant and Equipment, Useful Life | 40 years | |||
Building [Member] | Minimum | ||||
Property, Plant and Equipment [Line Items] | ||||
Property, Plant and Equipment, Useful Life | 30 years | |||
Leasehold Improvements [Member] | Maximum | ||||
Property, Plant and Equipment [Line Items] | ||||
Property, Plant and Equipment, Useful Life | 10 years | |||
Leasehold Improvements [Member] | Minimum | ||||
Property, Plant and Equipment [Line Items] | ||||
Property, Plant and Equipment, Useful Life | 5 years | |||
Fixtures and equipment [Member] | Maximum | ||||
Property, Plant and Equipment [Line Items] | ||||
Property, Plant and Equipment, Useful Life | 10 years | |||
Fixtures and equipment [Member] | Minimum | ||||
Property, Plant and Equipment [Line Items] | ||||
Property, Plant and Equipment, Useful Life | 3 years | |||
Information technology equipment and software [Member] | Maximum | ||||
Property, Plant and Equipment [Line Items] | ||||
Property, Plant and Equipment, Useful Life | 10 years | |||
Information technology equipment and software [Member] | Minimum | ||||
Property, Plant and Equipment [Line Items] | ||||
Property, Plant and Equipment, Useful Life | 3 years | |||
Aircraft [Member] | Minimum | ||||
Property, Plant and Equipment [Line Items] | ||||
Property, Plant and Equipment, Useful Life | 20 years |
Summary of Significant Accoun_5
Summary of Significant Accounting Policies - Other Assets (Details) - USD ($) $ in Thousands | Jan. 28, 2023 | Jan. 29, 2022 |
Other Assets [Abstract] | ||
Deferred Compensation Investments | $ 9,274 | $ 11,472 |
Miscellaneous Investments | 1,923 | 1,818 |
Other Deposits | 571 | 1,319 |
Land Held for Investment | 9,334 | 9,334 |
Other | 494 | 494 |
Total Other Assets | $ 21,596 | $ 24,437 |
Summary of Significant Accoun_6
Summary of Significant Accounting Policies - Revenue Recognition (Details) - USD ($) | 12 Months Ended | ||
Jan. 28, 2023 | Jan. 29, 2022 | Jan. 30, 2021 | |
Revenue from Contract with Customer [Abstract] | |||
Proprietary Credit Card Receivables Net | $ 10,553,000 | $ 8,998,000 | |
Gift Card Liability | 8,523,000 | 8,308,000 | |
Disaggregation of Revenue [Line Items] | |||
Provision for Other Credit Losses | 349,000 | 485,000 | |
Gift Card Breakage | |||
Disaggregation of Revenue [Line Items] | |||
Revenue Recognized | 256,000 | 1,482,000 | $ 891,000 |
Sales on Company's Proprietary Credit Card | |||
Disaggregation of Revenue [Line Items] | |||
Revenue from Contract with Customer, Excluding Assessed Tax | $ 23,300,000 | $ 18,700,000 |
Summary of Significant Accoun_7
Summary of Significant Accounting Policies - Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | ||
Jan. 28, 2023 | Jan. 29, 2022 | Jan. 30, 2021 | |
Earnings Per Share Disclosure [Abstract] | |||
Net earnings (loss) | $ 29 | $ 36,844 | $ (47,483) |
(Earnings) loss allocated to non-vested equity awards | 12 | (1,937) | 2,096 |
Net earnings (loss) available to common stockholders | $ 41 | $ 34,907 | $ (45,387) |
Basic weighted average common shares outstanding | 19,930,960 | 21,113,828 | 22,536,090 |
Diluted Weighted Average Common Shares Outstanding | 19,930,960 | 21,113,828 | 22,536,090 |
Basic earnings (loss) per share | $ 0 | $ 1.65 | $ (2.01) |
Diluted earnings (loss) per share | $ 0 | $ 1.65 | $ (2.01) |
Interest and Other Income (Deta
Interest and Other Income (Details) - USD ($) | 12 Months Ended | ||
Jan. 28, 2023 | Jan. 29, 2022 | Jan. 30, 2021 | |
Components of Interest and Other Income [Abstract] | |||
Dividend Income | $ (47,000) | $ (76,000) | $ (5,000) |
Interest Income | (1,876,000) | (1,321,000) | (2,697,000) |
State recovery grant | (1,431,000) | 0 | 0 |
Insurance proceeds | (1,683,000) | 0 | 0 |
Miscellaneous Income | (896,000) | (580,000) | (627,000) |
Net loss (gain) on investment sales | 31,000 | (164,000) | (3,301,000) |
Interst and Other Income | (5,902,000) | $ (2,141,000) | $ (6,630,000) |
Gain on the sale of land held for investment | $ 2,300,000 |
Short-Term Investment (Details)
Short-Term Investment (Details) - USD ($) $ in Thousands | Jan. 28, 2023 | Jan. 29, 2022 |
Schedule Of Available For Sale Securities [Line Items] | ||
Cost Basis | $ 110,913 | $ 146,906 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | (2,261) | (908) |
Estimated Fair Value | 108,652 | 145,998 |
Debt Securiteis Issued by Various States of the United States and Political Subdivisions of the States | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Cost Basis | 51,372 | 50,554 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | (1,020) | (388) |
Estimated Fair Value | 50,352 | 50,166 |
Corporate Debt Securities | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Cost Basis | 59,541 | 96,352 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | (1,241) | (520) |
Estimated Fair Value | $ 58,300 | $ 95,832 |
Short-Term Investment - Accumul
Short-Term Investment - Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Jan. 28, 2023 | Jan. 29, 2022 | |
Schedule Of Available For Sale Securities [Line Items] | ||
Unrealized Gain / (Loss) | $ (1,609) | $ (365) |
Deferred Tax Benefit | 371 | 85 |
Unrealized Net Gain / (Loss) | (1,238) | (280) |
Short-Term Debt Investments | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Unrealized Gain / (Loss) | (2,261) | (908) |
Deferred Tax Benefit | 521 | 211 |
Unrealized Net Gain / (Loss) | (1,740) | (697) |
Equity Investments | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Unrealized Gain / (Loss) | 652 | 543 |
Deferred Tax Benefit | (150) | (126) |
Unrealized Net Gain / (Loss) | $ 502 | $ 417 |
Fair Value Measurements - Asset
Fair Value Measurements - Assets at Fair Value (Details) - USD ($) $ in Thousands | Jan. 28, 2023 | Jan. 29, 2022 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | $ 108,652 | $ 145,998 |
Total Assets | 118,849 | 158,288 |
Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 923 | 818 |
Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 108,652 | 145,998 |
Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 9,274 | 11,472 |
Deferred Compensation | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Liabilities | 8,903 | 10,020 |
Total Liabilities | 8,903 | 10,020 |
Deferred Compensation | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Liabilities | 0 | 0 |
Total Liabilities | 0 | 0 |
Deferred Compensation | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Liabilities | 0 | 0 |
Total Liabilities | 0 | 0 |
Deferred Compensation | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Liabilities | 8,903 | 10,020 |
Total Liabilities | (8,903) | (10,020) |
State/Municipal Bonds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 23,102 | 30,451 |
State/Municipal Bonds | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 0 | 0 |
State/Municipal Bonds | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 23,102 | 30,451 |
State/Municipal Bonds | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 0 | 0 |
Corporate Bonds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 47,901 | 76,909 |
Corporate Bonds | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 0 | 0 |
Corporate Bonds | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 47,901 | 76,909 |
Corporate Bonds | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 0 | 0 |
U.S. Treasury/Agencies Notes and Bonds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 27,250 | 19,715 |
U.S. Treasury/Agencies Notes and Bonds | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 0 | 0 |
U.S. Treasury/Agencies Notes and Bonds | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 27,250 | 19,715 |
U.S. Treasury/Agencies Notes and Bonds | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 0 | 0 |
Cash Surrender Value - Life Insurance | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash Surrender Value | 9,274 | 11,472 |
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 | 9,274 | 11,472 |
Asset Backed Securities (ABS) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 9,373 | 18,556 |
Asset Backed Securities (ABS) | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 0 | 0 |
Asset Backed Securities (ABS) | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 9,373 | 18,556 |
Asset Backed Securities (ABS) | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 0 | 0 |
Common Stock | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 923 | 818 |
Common Stock | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 923 | 818 |
Common Stock | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 0 | 0 |
Common Stock | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 0 | 0 |
Commercial paper | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 1,026 | |
Commercial paper | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 0 | |
Commercial paper | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 1,026 | |
Commercial paper | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | $ 0 | |
Certificates of Deposit | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 367 | |
Certificates of Deposit | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 0 | |
Certificates of Deposit | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 367 | |
Certificates of Deposit | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | $ 0 | |
State, Municipal And Corporate Bonds And Asset-Backed Securities | Minimum | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale, Term | 6 days | |
State, Municipal And Corporate Bonds And Asset-Backed Securities | Maximum | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale, Term | 3 years 10 months 24 days | |
U.S. Treasury Notes and Certificates of Deposit | Minimum | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale, Term | 3 days | |
U.S. Treasury Notes and Certificates of Deposit | Maximum | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale, Term | 1 year 7 months 6 days |
Fair Value Measurments - Level
Fair Value Measurments - Level 3 Roll (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Jan. 28, 2023 | Jan. 29, 2022 | |
Cash Surrender Value - Life Insurance | ||
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items] | ||
Beginning Balance | $ 11,472 | $ 11,263 |
Redemptions | (1,718) | |
Total (gains) or losses Included in interest and other income (or changes in net assets) | 480 | (209) |
Ending Balance | 9,274 | 11,472 |
Deferred Compensation | ||
Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items] | ||
Beginning Balance | 10,020 | 10,316 |
Redemptions | 1,142 | 1,010 |
Additons | 379 | 304 |
Total (gains) or losses Included in interest and other income (or changes in net assets) | 354 | (410) |
Ending Balance | $ 8,903 | $ 10,020 |
Accounts Receivables - Narrativ
Accounts Receivables - Narrative (Details) - USD ($) | 12 Months Ended | ||
Jan. 28, 2023 | Jan. 29, 2022 | Jan. 30, 2021 | |
Accounts Receivable Disclosure [Abstract] | |||
Credit Card Finance and Late Charge Revenue | $ 2,243,000 | $ 2,066,000 | $ 2,658,000 |
Charges Against The Allowance For Doubtful Accounts | $ 280,000 | $ 429,000 | $ 306,000 |
Accounts Receivables - Accounts
Accounts Receivables - Accounts Receivable Components (Details) - USD ($) $ in Thousands | Jan. 28, 2023 | Jan. 29, 2022 |
Accounts Notes And Loans Receivable[ Line Items] | ||
Accounts Receivable, Gross | $ 27,258 | $ 56,615 |
Allowance for Doubtful Accounts | (761) | (803) |
Accounts Receivable - Net | 26,497 | 55,812 |
Customer Accounts | ||
Accounts Notes And Loans Receivable[ Line Items] | ||
Accounts Receivable, Gross | 11,313 | 9,800 |
Miscellaneous Trade Receivables | ||
Accounts Notes And Loans Receivable[ Line Items] | ||
Accounts Receivable, Gross | 3,991 | 3,540 |
Bank card receivable | ||
Accounts Notes And Loans Receivable[ Line Items] | ||
Accounts Receivable, Gross | 5,512 | 4,914 |
Income Tax Receivable | ||
Accounts Notes And Loans Receivable[ Line Items] | ||
Accounts Receivable, Gross | $ 6,442 | $ 38,361 |
Property and Equipment (Detail
Property and Equipment (Details) - USD ($) $ in Thousands | Jan. 28, 2023 | Jan. 29, 2022 |
Property, Plant and Equipment [Line Items] | ||
Property and Equipment Gross | $ 352,572 | $ 342,608 |
Accumulated Depreciation | 282,190 | 279,525 |
Property and equipment - net | 70,382 | 63,083 |
Land and Improvements | ||
Property, Plant and Equipment [Line Items] | ||
Property and Equipment Gross | 13,595 | 13,595 |
Buildings | ||
Property, Plant and Equipment [Line Items] | ||
Property and Equipment Gross | 35,537 | 35,403 |
Leasehold Improvements | ||
Property, Plant and Equipment [Line Items] | ||
Property and Equipment Gross | 77,609 | 79,327 |
Fixtures and equipment | ||
Property, Plant and Equipment [Line Items] | ||
Property and Equipment Gross | 174,640 | 178,027 |
Information Technology Equipment | ||
Property, Plant and Equipment [Line Items] | ||
Property and Equipment Gross | 38,202 | 34,758 |
Construction in Progress | ||
Property, Plant and Equipment [Line Items] | ||
Property and Equipment Gross | $ 12,989 | $ 1,498 |
Accrued Expenses (Details)
Accrued Expenses (Details) - USD ($) $ in Thousands | Jan. 28, 2023 | Jan. 29, 2022 |
Accrued Expenses [Abstract] | ||
Accrued employment and related items | $ 7,377 | $ 6,388 |
Property and Other Taxes | 16,546 | 16,930 |
Accrued self-insurance | 7,968 | 8,463 |
Fixed assets | 685 | 657 |
Other | 8,762 | 7,935 |
Total | $ 41,338 | $ 40,373 |
Financing Arrangements (Details
Financing Arrangements (Details) - USD ($) | 12 Months Ended | ||
Jan. 28, 2023 | Jan. 29, 2022 | Jan. 30, 2021 | |
Line of Credit Facility [Line Items] | |||
Line of Credit Facility, Expiration Date | May 31, 2027 | ||
Letters of Credit | |||
Line of Credit Facility [Line Items] | |||
Borrowings Outstanding | $ 0 | ||
Revolving Credit Facility | |||
Line of Credit Facility [Line Items] | |||
Line of Credit Facility, Maximum Borrowing Capacity | 35,000,000 | ||
Borrowings Outstanding | $ 0 | $ 0 | $ 0 |
Weighted average interest | 0% |
Stockholders' Equity (Details)
Stockholders' Equity (Details) - $ / shares | 12 Months Ended | ||
Jan. 28, 2023 | Jan. 29, 2022 | Jan. 30, 2021 | |
Class of Stock [Line Items] | |||
Quarterly Declared Dividend | $ 0.68 | $ 0.45 | $ 0.33 |
Class A Common Stock | |||
Class of Stock [Line Items] | |||
Voting Rights | one vote per share | ||
Conversion Features | converted at any time into one share of Class A Common Stock | ||
Preferential Distribution Per Share Of Net Assets | $ 1 | ||
Convertible Class B Common Stock | |||
Class of Stock [Line Items] | |||
Voting Rights | ten votes per share |
Employee Benefit Plans - 401(k)
Employee Benefit Plans - 401(k) Plan (Details) - USD ($) | 12 Months Ended | ||
Jan. 28, 2023 | Jan. 29, 2022 | Jan. 30, 2021 | |
Employee Benefit Plans [Abstract] | |||
401(k) plan Plan Description | 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 | ||
Employer Discretionary Contribution | $ 1,184,000 | $ 1,210,000 | $ 0 |
Maximum contribution to plan by participants | 75% |
Employee Benefit Plans - ESOP P
Employee Benefit Plans - ESOP Plan (Details) - USD ($) | 12 Months Ended | ||
Jan. 28, 2023 | Jan. 29, 2022 | Jan. 30, 2021 | |
Employee Benefit Plans [Abstract] | |||
ESOP Plan Description | The Company has a trusteed, non-contributory Employee Stock Ownership Plan (“ESOP”), which covers substantially all associates who meet minimum age and service requirements | ||
Employer Cash Contributions to ESOP | $ 32,510 | $ 29,430,000 | $ 0 |
Leases - Narrative (Details)
Leases - Narrative (Details) | 12 Months Ended |
Jan. 28, 2023 | |
Lessee, Lease, Description [Line Items] | |
Lessee, Operating Lease, Option to Extend | up to five years |
Lessee, Operating Lease, Option to Terminate | within one year |
Maximum | |
Lessee, Lease, Description [Line Items] | |
Remaining lease terms | 10 years |
Lessee, Operating Lease, Renewal Term | 5 years |
Minimum | |
Lessee, Lease, Description [Line Items] | |
Remaining lease terms | 1 year |
Leases - Components of lease co
Leases - Components of lease cost (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Jan. 28, 2023 | Jan. 29, 2022 | |
Lease Cost [Abstract] | ||
Operating Lease, Cost | $ 71,513 | $ 68,763 |
Variable Lease, Cost | 3,127 | 3,041 |
Right-of-Use Asset, Amortization Expense | 1,700 | 2,200 |
Cash paid for amounts included in the measurement of lease liabilities | 67,194 | 63,201 |
Right-of-use assets obtained in exchange for lease obligations, net of rent violations | $ 57,628 | $ 40,756 |
Operating Lease, Weighted Average Remaining Lease Term | 2 years 6 months | 2 years 8 months 12 days |
Operating Lease, Weighted Average Discount Rate, Percent | 3.13% | 3.55% |
Leases - Lessee, Operating Leas
Leases - Lessee, Operating Lease, Liability, Maturity (Details) $ in Thousands | Jan. 28, 2023 USD ($) |
Maturities Of Lease Liabilities By Fiscal Year | |
2023 | $ 71,850 |
2024 | 50,732 |
2024 | 33,236 |
2025 | 18,534 |
2026 | 8,505 |
Thereafter | 1,513 |
Total lease payments | 184,370 |
Less: Imputed interest | 9,603 |
Present value of lease liabilities | $ 174,767 |
Income Taxes - Narrative (Detai
Income Taxes - Narrative (Details) - USD ($) | 12 Months Ended | |||
Jan. 28, 2023 | Jan. 29, 2022 | Jan. 30, 2021 | Feb. 01, 2020 | |
Income Tax Contingency [Line Items] | ||||
Unrecogmized Tax Benefit | $ 4,886,000 | $ 5,286,000 | $ 5,946,000 | $ 7,942,000 |
Unrecognized Tax Benefit That Would Impact Effective Tax Rate | 6,000,000 | |||
Accrued Interest and Tax Penalties Related To Uncertain Tax Positions | 2,000,000 | 2,000,000 | 2,800,000 | |
Interest and Tax Penalties Related To Uncertain Tax Positions Included In Income Tax Expense | 517,000 | 452,000 | 424,000 | |
State Tax Credits | 340,000 | 1,115,000 | ||
State Net Operating Loss Carryforwards | 5,600,000 | |||
Deferred Tax Assets Valuation Allowance | $ 5,058,000 | $ 4,473,000 | $ 5,256,000 | |
Percentage of divided received deduction | 100% | |||
Withholding Tax Rate On Any Unremitted Earnings | 0% | |||
Earnings from non-U.S. subsidiaries | $ 31,700,000 | |||
State Tax Credit | ||||
Income Tax Contingency [Line Items] | ||||
Deferred Tax Assets Valuation Allowance | 300,000 | |||
State Net Operating Loss Carryforwards | ||||
Income Tax Contingency [Line Items] | ||||
Deferred Tax Assets Valuation Allowance | $ 4,800,000 |
Income Taxes - Unrecognized Tax
Income Taxes - Unrecognized Tax Benefit Roll Forward (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jan. 28, 2023 | Jan. 29, 2022 | Jan. 30, 2021 | |
Gross Unrecognized Tax Benefit Reconciliation | |||
Unrecognized Tax Benefit Beginning Balance | $ 5,286 | $ 5,946 | $ 7,942 |
Additions for tax positions of the current year | 431 | 1,312 | 286 |
Additions for tax positions prior years | 137 | 680 | 0 |
Reduction for tax positions of prior years for:Settlements during the period | 0 | 0 | (614) |
Reduction for tax positions of prior years for: Lapses of applicable statutes of limitations | 968 | 2,652 | 2,896 |
Unrecognized Tax Benefit Ending Balance | $ 4,886 | $ 5,286 | $ 5,946 |
Income Taxes - Provision for In
Income Taxes - Provision for Income Tax Expense (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jan. 28, 2023 | Jan. 29, 2022 | Jan. 30, 2021 | |
Income Tax Expense (Benefit), Continuing Operations, by Jurisdiction [Abstract] | |||
Current Federal Income Tax Expense | $ (817) | $ 2,532 | $ (31,927) |
Current State Income Tax Expense | (231) | 802 | 1,842 |
Current Foreign Income Tax Expense | 2,403 | 1,984 | 1,731 |
Total Current income tax expense | 1,355 | 5,318 | (28,354) |
Deferred Federal Income Tax Expense | 200 | (2,558) | 1,905 |
Deferred State Income Tax Expense | 186 | (639) | 1,129 |
Deferred Foreign Income Tax Expense | 0 | 0 | (3) |
Total deferred income tax expense | 386 | (3,197) | 3,031 |
Income tax expense (benefit) | $ 1,741 | $ 2,121 | $ (25,323) |
Income Taxes - Deferred Tax Ass
Income Taxes - Deferred Tax Asset And Liability Components (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Jan. 28, 2023 | Jan. 29, 2022 | |
Deferred tax assets: | ||
Allowance for customer credit losses | $ 162 | $ 171 |
Inventory valuation | 1,042 | 1,176 |
Non-Deductible Accrued Liablities | 1,435 | 1,367 |
Other Taxes | 875 | 1,135 |
Federal Benefit Of Uncertain Tax Positions | 851 | 972 |
Equity Compensation Expense | 2,892 | 3,666 |
Net Operating Losses | 5,567 | 4,206 |
Charitable Contribution Carryover | 216 | 241 |
State Tax Credits | 340 | 1,115 |
Lease liabilities | 40,090 | 42,268 |
Property and Equipment | 3,400 | 2,257 |
Other | 2,822 | 2,036 |
Total deferred tax assets before valuation allowance | 59,692 | 60,610 |
Valuation Allowance | (5,058) | (4,473) |
Total deferred tax assets after valuation allowance | 54,634 | 56,137 |
Deferred tax liabilities: | ||
Right-of-Use assets | 44,732 | 46,320 |
Accrued self-insurance reserves | 689 | 504 |
Total deferred tax liabilities | 45,421 | 46,824 |
Net deferred tax assets | 9,213 | 9,313 |
The changes in the valuation allowance are presented below: | ||
Valuation Allowance, Beginning Balance | (4,473) | (5,256) |
Net Valuation Allowance Additions (Additions) / Reductions | (585) | 783 |
Valuation Allowance Ending Balance | $ (5,058) | $ (4,473) |
Income Taxes - Reconciliation O
Income Taxes - Reconciliation Of Effective Tax Rate (Details) | 12 Months Ended | ||
Jan. 28, 2023 | Jan. 29, 2022 | Jan. 30, 2021 | |
Effective Income Tax Rate Reconciliation, Percent [Abstract] | |||
Federal Income Tax Rate | 21% | 21% | 21% |
State Income Taxes | (36.40%) | 2.70% | 4% |
CARES ACT-Carryback differential | 0% | (5.80%) | 18.30% |
Global intangible low-taxed income | 333% | 6.70% | (5.30%) |
Foreign tax credit | (11.20%) | (4.30%) | 0% |
Foreign rate differential | (74.40%) | (2.80%) | 1.20% |
Offshore Claim | (141.20%) | (5.50%) | 2.50% |
Limitation on officer compensation | 27.20% | 1.90% | (0.40%) |
Work oppurtunity credit | (63.70%) | (1.80%) | 0.20% |
Addback on wage related credits | 13.40% | 0.40% | 0% |
Tax Exempt Interest | (14.40%) | 0% | 0% |
Insurance | (8.10%) | (1.00%) | 0% |
Charitable contribution of inventory | 0% | (1.10%) | (0.20%) |
Uncertain Tax Positions | (18.70%) | (3.50%) | 3.30% |
Deferred rate change | 1.10% | 0.10% | (0.10%) |
Valuation allowance | 70.90% | (2.10%) | (5.70%) |
Other | (0.10%) | 0.50% | (4.00%) |
Effective Income Tax Rate | 98.40% | 5.40% | 34.80% |
Reportable Segment Informatio_2
Reportable Segment Information - Certain Segment Information (Details) $ in Thousands | 12 Months Ended | ||
Jan. 28, 2023 USD ($) | Jan. 29, 2022 USD ($) | Jan. 30, 2021 USD ($) | |
Reportable Segment Information [Abstract] | |||
Number of Reportable Segments | 2 | ||
Number of Operating Segments | 4 | ||
Segment Reporting Information [Line Items] | |||
Total revenues | $ 759,260 | $ 769,271 | $ 575,111 |
Depreciation | 11,080 | 12,356 | 14,681 |
Interest and other income | 5,902 | 2,141 | 6,630 |
Total Assets | 553,140 | 633,766 | |
Capital expenditures | 19,433 | 4,105 | 13,956 |
Income Before Taxes | 1,770 | 38,965 | (72,806) |
Retail | |||
Segment Reporting Information [Line Items] | |||
Total revenues | 757,017 | 767,205 | 572,453 |
Depreciation | 11,078 | 12,354 | 14,680 |
Interest and other income | 5,902 | 2,141 | 6,630 |
Total Assets | 514,609 | 595,487 | |
Capital expenditures | 19,433 | 4,101 | 13,955 |
Income Before Taxes | 1,179 | 38,340 | (73,972) |
Credit | |||
Segment Reporting Information [Line Items] | |||
Total revenues | 2,243 | 2,066 | 2,658 |
Depreciation | 2 | 2 | 1 |
Interest and other income | 0 | 0 | 0 |
Total Assets | 38,531 | 38,279 | |
Capital expenditures | 0 | 4 | 1 |
Income Before Taxes | $ 591 | $ 625 | $ 1,166 |
Reportable Segment Informatio_3
Reportable Segment Information - Direct Expenses Of The Credit Segment (Details) - Credit - USD ($) $ in Thousands | 12 Months Ended | ||
Jan. 28, 2023 | Jan. 29, 2022 | Jan. 30, 2021 | |
Segment Reporting Information [Line Items] | |||
Labor and Related Expense | $ 527 | $ 501 | $ 541 |
Postage Expense | 406 | 342 | 360 |
Other Expenses | 717 | 595 | 590 |
Total Credit Expenses | $ 1,650 | $ 1,438 | $ 1,491 |
Stock Based Compensation - Narr
Stock Based Compensation - Narrative (Details) | 12 Months Ended | ||
Jan. 28, 2023 USD ($) $ / shares shares | Jan. 29, 2022 USD ($) | Jan. 30, 2021 USD ($) | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Number of long-term compensation plans | 2 | ||
Vesting Period | 5 years | ||
Percentage Of Discount Employee Stock Purchase Plan | 15% | ||
Restricted Stock | Class A Common Stock | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Unrecognized Compensation Expense | $ 10,543,000 | ||
Remaining Weighted-Average Vesting Period | 2 years 1 month 6 days | ||
Compensation Expense | $ 2,556,000 | $ 4,055,000 | $ 4,023,000 |
Employee Stock Purchase Plan | Class A Common Stock | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Shares Sold | shares | 31,994 | ||
Compensation Expense | $ 54,000 | $ 36,000 | $ 69,000 |
Employee Stock Purchase Plan Share Purchase Discount | $ / shares | $ 1.70 |
Stock Based Compensation - Plan
Stock Based Compensation - Plans (Details) - shares | Jan. 28, 2023 | Jan. 29, 2022 |
Authorized And Available For Grant [Line Items] | ||
Options And/Or Restrcited Stock Initially Authorized | 6,225,000 | |
Options And Or Restricted Stock Available For Grant | 3,461,061 | 3,580,471 |
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 | 0 |
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 | 3,461,061 | 3,580,471 |
Stock Based Compensation - Sech
Stock Based Compensation - Sechedule Of Restricted Stock Outstanding (Details) - Class A Common Stock - $ / shares | 12 Months Ended | ||
Jan. 28, 2023 | Jan. 29, 2022 | Jan. 30, 2021 | |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested [Roll Forward] | |||
Number Of Shres - Restricted Stock Awards Beginning Balance | 1,196,288 | 1,023,956 | 942,562 |
Number Of Shres - Restricted Stock Awards Granted | 319,441 | 407,910 | 335,317 |
Number Of Shres - Restricted Stock Awards Vested | (231,638) | (176,575) | (129,682) |
Number Of Shres - Restricted Stock Awards Forfeited or expired | (224,658) | (59,003) | (124,241) |
Number Of Shres - Restricted Stock Awards Ending Balance | 1,059,433 | 1,196,288 | 1,023,956 |
Share Based Compensation Arrangement By Share Based Payment Award Equity InstrumentsOtherThan Options Nonvested Weighted Average Grant Date Fair Value | |||
Weighted Average Grant Date Fair Value Per Share - Restricted Stock Awards - Beginning Balance | $ 13.76 | $ 15.33 | $ 19.55 |
Weighted Average Grant Date Fair Value Per Share - Restricted Stock Awards Granted | 13.70 | 13.49 | 11.11 |
Weighted Average Grant Date Fair Value Per Share - Restricted Stock Awards - Vested | 16.99 | 22.22 | 34.01 |
Weighted Average Grant Date Fair Value Per Share - Restricted Stock Awards - Forfeited or expired | 13.43 | 13.95 | 16.37 |
Weighted Average Grant Date Fair Value Per Share - Restricted Stock Awards - Ending Balance | $ 13.10 | $ 13.76 | $ 15.33 |
Accumulated Other Comprehensi_3
Accumulated Other Comprehensive Income - Reclassification Out Of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jan. 28, 2023 | Jan. 29, 2022 | Jan. 30, 2021 | |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | |||
Beginning Balance Accumulated other comprehensive income, net of tax | $ (280) | $ 1,155 | |
Other comprehensive income (loss) before reclassification | (982) | (1,561) | |
Amounts reclassified from accumulated other comprehensive income | 24 | 126 | |
Net current-period other comprehensive income (loss) | (958) | (1,435) | $ (268) |
Ending Balance Accumulated other comprehensive income, net of tax | $ (1,238) | $ (280) | $ 1,155 |
Accumulated Other Comprehensi_4
Accumulated Other Comprehensive Income - Footnote (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jan. 28, 2023 | Jan. 29, 2022 | Jan. 30, 2021 | |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | |||
Income tax expense (benefit) | $ 1,741 | $ 2,121 | $ (25,323) |
Reclassification out of Accumulated Other Comprehensive Income | |||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | |||
Interest and Other Income | 31 | 164 | |
Income tax expense (benefit) | $ 7 | $ 38 |
Valuation And Qualifying Acco_2
Valuation And Qualifying Accounts (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jan. 28, 2023 | Jan. 29, 2022 | Jan. 30, 2021 | |
Allowance, for Customer Credit Losses | |||
Movement in Valuation Allowances and Reserves [Roll Forward] | |||
Balance, Beginning | $ 803 | $ 605 | $ 726 |
Additions charged to costs and expenses | 349 | 485 | 435 |
Additions (reductions) charged to other accounts | 84 | 98 | 171 |
Deductions | (475) | (385) | (727) |
Balance, Ending | 761 | 803 | 605 |
Self Insurance Reserves | |||
Movement in Valuation Allowances and Reserves [Roll Forward] | |||
Balance, Beginning | 8,271 | 10,975 | 10,535 |
Additions charged to costs and expenses | 13,287 | 13,464 | 15,500 |
Additions (reductions) charged to other accounts | 638 | (1,447) | (205) |
Deductions | (14,523) | (14,721) | (14,855) |
Balance, Ending | $ 7,673 | $ 8,271 | $ 10,975 |