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RELATED PARTY TRANSACTIONS | 12 Months Ended
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Feb. 02, 2019
Related Party Transactions [Abstract] |
RELATED PARTY TRANSACTIONS |
G. | RELATED PARTY TRANSACTIONS
Included in other assets is a note receivable of $1,305 as of February 2, 2019 and $1,275 as of February 3, 2018, respectively, from a life insurance trust fund controlled by the Company’s Chairman. The note was created over three years, beginning in July 1994, when the Company paid life insurance premiums of $200 each year for the Chairman on a personal policy. The note accrues interest at 5% of the principal balance per year and is to be paid from the life insurance proceeds. The note is secured by a life insurance policy on the Chairman.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 + Details
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