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Note 8 - Stockholders' Equity | 9 Months Ended
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Oct. 29, 2022
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 29, 2022 and October 30, 2021 (in thousands):
|  | For the thirteen weeks ended October 29, 2022 |  |  | For the thirteen weeks ended October 30, 2021 |
|  | Common |  |  |  |  |  |  |  |  |  |  | Retained |  |  |  |  |  |  | Common |  |  |  |  |  |  |  |  |  |  | Retained |  |  |  |  |
|  | stock |  |  | APIC (1) |  |  | AOCI (2) |  |  | earnings |  |  | Total |  |  | stock |  |  | APIC (1) |  |  | AOCI (2) |  |  | earnings |  |  | Total |
Balance, beginning |  | $ | 150 |  |  | $ | 69,409 |  |  | $ | (12,385 | ) |  | $ | 36,690 |  |  | $ | 93,864 |  |  | $ | 160 |  |  | $ | 73,397 |  |  | $ | (12,579 | ) |  | $ | 24,157 |  |  | $ | 85,135 |
Shares issued under employee stock plans |  |  |  |  |  |  | 194 |  |  |  |  |  |  |  |  |  |  |  | 194 |  |  |  | 3 |  |  |  | 2,265 |  |  |  |  |  |  |  |  |  |  |  | 2,268 |
Stock-based compensation |  |  |  |  |  |  | 368 |  |  |  |  |  |  |  |  |  |  |  | 368 |  |  |  |  |  |  |  | 372 |  |  |  |  |  |  |  |  |  |  |  | 372 |
Shares withheld in lieu of tax withholdings |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | - |  |  |  | (1 | ) |  |  | (718 | ) |  |  |  |  |  |  |  |  |  |  | (719 | )
Share Repurchase |  |  | (3 | ) |  |  | (1,553 | ) |  |  |  |  |  |  | (3,233 | ) |  |  | (4,789 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | - |
Other |  |  |  |  |  |  | 4 |  |  |  |  |  |  |  | (47 | ) |  |  | (43 | ) |  |  | 1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |
Other comprehensive income |  |  |  |  |  |  |  |  |  |  | 49 |  |  |  |  |  |  |  | 49 |  |  |  |  |  |  |  |  |  |  |  | 84 |  |  |  |  |  |  |  | 84 |
Net income |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 7,455 |  |  |  | 7,455 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 5,923 |  |  |  | 5,923 |
Balance, ending |  | $ | 147 |  |  | $ | 68,422 |  |  | $ | (12,336 | ) |  | $ | 40,865 |  |  | $ | 97,098 |  |  | $ | 163 |  |  | $ | 75,316 |  |  | $ | (12,495 | ) |  | $ | 30,080 |  |  | $ | 93,064 |
(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 29, 2022 and October 30, 2021 (in thousands):
|  | For the thirty-nine weeks ended October 29, 2022 |  |  | For the thirty-nine weeks ended October 30, 2021 |
|  | Common |  |  |  |  |  |  |  |  |  |  | Retained |  |  |  |  |  |  | Common |  |  |  |  |  |  |  |  |  |  | Retained |  |  |  |  |
|  | stock |  |  | APIC (1) |  |  | AOCI (2) |  |  | earnings |  |  | Total |  |  | stock |  |  | APIC (1) |  |  | AOCI (2) |  |  | earnings/(deficit) |  |  | Total |
Balance, beginning |  | $ | 162 |  |  | $ | 75,490 |  |  | $ | (12,470 | ) |  | $ | 30,501 |  |  | $ | 93,683 |  |  | $ | 159 |  |  | $ | 72,822 |  |  | $ | (12,615 | ) |  | $ | 6,942 |  |  | $ | 67,308 |
Shares issued under employee stock plans |  |  | 2 |  |  |  | 1,004 |  |  |  |  |  |  |  |  |  |  |  | 1,006 |  |  |  | 8 |  |  |  | 2,838 |  |  |  |  |  |  |  |  |  |  |  | 2,846 |
Stock-based compensation |  |  |  |  |  |  | 1,175 |  |  |  |  |  |  |  |  |  |  |  | 1,175 |  |  |  |  |  |  |  | 1,293 |  |  |  |  |  |  |  |  |  |  |  | 1,293 |
Shares withheld in lieu of tax withholdings |  |  | (1 | ) |  |  | (2,178 | ) |  |  |  |  |  |  |  |  |  |  | (2,179 | ) |  |  | (2 | ) |  |  | (1,640 | ) |  |  |  |  |  |  |  |  |  |  | (1,642 | )
Share Repurchase |  |  | (16 | ) |  |  | (7,073 | ) |  |  |  |  |  |  | (17,083 | ) |  |  | (24,172 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | - |
Other |  |  |  |  |  |  | 4 |  |  |  |  |  |  |  | (28 | ) |  |  | (24 | ) |  |  | (2 | ) |  |  | 3 |  |  |  |  |  |  |  |  |  |  |  | 1 |
Other comprehensive income |  |  |  |  |  |  |  |  |  |  | 134 |  |  |  |  |  |  |  | 134 |  |  |  |  |  |  |  |  |  |  |  | 120 |  |  |  |  |  |  |  | 120 |
Net income |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 27,475 |  |  |  | 27,475 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 23,138 |  |  |  | 23,138 |
Balance, ending |  | $ | 147 |  |  | $ | 68,422 |  |  | $ | (12,336 | ) |  | $ | 40,865 |  |  | $ | 97,098 |  |  | $ | 163 |  |  | $ | 75,316 |  |  | $ | (12,495 | ) |  | $ | 30,080 |  |  | $ | 93,064 |
(1) - Additional paid-in capital (“APIC”) (2) - Accumulated other comprehensive income (loss) (“AOCI”) During the third quarter of fiscal 2022, the Company utilized $1.3 million in cash to repurchase 80,558 shares under its $25.0 million program that was authorized by its Board of Directors on November 30, 2021, which resulted in the completion of that $25.0 million stock buyback program. On August 31, 2022, the Company announced that its Board of Directors authorized a share repurchase program of up to $50.0 million. The primary source of funding for the share repurchase program is expected to be cash on hand. Th e timing and amount of share repurchases, if any, will depend on price, market conditions, applicable regulatory requirements, and other factors. The program, which authorizes the Company to repurchase shares through August 31, 2025, does not require the Company to repurchase any specific number of shares, and may be modified, suspended or terminated at any time without prior notice. Shares repurchased under the program will be subsequently retired. As of October 29, 2022, the Company has utilized $3.5 million in cash to repurchase 256,377 shares under this new share repurchase program.

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