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Note 8 - Stockholders' Equity

9 Months Ended

Oct. 31, 2020

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

8. Stockholders’ Equity

The following table sets forth the changes in stockholders’ equity (in thousands) for the thirteen weeks ended  October 31, 2020 and November 2, 2019 (in thousands):

		For the thirteen weeks ended October 31, 2020																				For the thirteen weeks ended November 2, 2019
		Common												Retained								Common												Retained
		stock				APIC (1)				AOCI (2)				earnings/(deficit)				Total				stock				APIC (1)				AOCI (2)				earnings/(deficit)				Total
Balance, beginning		$	156			$	71,906			$	(12,303	)		$	(5,188	)		$	54,571			$	152			$	70,295			$	(11,579	)		$	29,637			$	88,505
Issuance of restricted/performance stock		$	4			$	(4	)											-							$	(1	)											(1	)
Stock-based compensation							441												441								(340	)											(340	)
Shares withheld in lieu of tax withholdings																			-																				-
Other							1												1								1				1				(1	)			1.00
Other comprehensive income (loss)											26								26												(349	)							(349	)
Net income (loss)															1,660				1,660																(5,873	)			(5,873	)
Balance, ending		$	160			$	72,344			$	(12,277	)		$	(3,528	)		$	56,699			$	152			$	69,955			$	(11,927	)		$	23,763			$	81,943

(1) - Additional paid-in capital (“APIC”)

(2) - Accumulated other comprehensive income (loss) (“AOCI”)

The following table sets forth the changes in stockholders’ equity (in thousands) for the thirty-nine weeks ended October 31, 2020 and November 2, 2019 (in thousands):

		For the thirty-nine weeks ended October 31, 2020																				For the thirty-nine weeks ended November 2, 2019
		Common												Retained								Common												Retained
		stock				APIC (1)				AOCI (2)				earnings/(deficit)				Total				stock				APIC (1)				AOCI (2)				earnings/(deficit)				Total
Balance, beginning		$	152			$	70,633			$	(12,079	)		$	29,925			$	88,631			$	150			$	69,088			$	(12,018	)		$	37,094			$	94,314
Adoption of new accounting standard			-				-				-				-				-				-				-				-				(7,430	)			(7,430	)
Subtotal		$	152			$	70,633			$	(12,079	)		$	29,925			$	88,631			$	150			$	69,088			$	(12,018	)		$	29,664			$	86,884
Issuance of restricted/performance stock			8				491												499				2				(248	)											(246	)
Stock-based compensation							1,334												1,334								1,114												1,114
Shares withheld in lieu of tax withholdings			(1	)			(114	)											(115	)																			-
Other			1																1								1				(1	)							0
Other comprehensive income (loss)											(198	)							(198	)											92								92
Net loss															(33,453	)			(33,453	)															(5,901	)			(5,901	)
Balance, ending		$	160			$	72,344			$	(12,277	)		$	(3,528	)		$	56,699			$	152			$	69,955			$	(11,927	)		$	23,763			$	81,943

(1) - Additional paid-in capital (“APIC”)

(2) - Accumulated other comprehensive income (loss) (“AOCI”)

In August 2017, the Company’s Board of Directors authorized a share repurchase program of up to $20.0 million. From the date of such authorization through the program expiration on September 30, 2020, the Company had repurchased approximately 1.3 million shares at an average price of $8.75 per share for an aggregate amount of approximately $11.2 million. The Company does not plan to utilize cash to resume share repurchases in fiscal 2020. In addition, the Company's ability to repurchase shares is limited by conditions set forth by its lender in its credit agreement, as described below. 

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- References

No definition available.

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- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-URI http://asc.fasb.org/topic&trid=2208762

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