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NOTE 13 - INCOME TAXES (Tables)

12 Months Ended

Jan. 29, 2012

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

		Fifty-Two Weeks Ended
		January 29,				January 30,				January 31,
		2012				2011				2010
Current expense
Federal		$	1,687			$	2,450			$	1,712
Foreign			54				50				34
State			182				301				224
Total current expense			1,923				2,801				1,970
Deferred taxes
Federal			(87	)			(1,735	)			(110	)
State			52				(137	)			219
Total deferred taxes			(35	)			(1,872	)			109
Income tax expense		$	1,888			$	929			$	2,079

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		Fifty-Two Weeks Ended
		January 29,				January 30,				January 31,
		2012				2011				2010
Income taxes at statutory rate			34.0	%			35.0	%			35.0	%
Increase (decrease) in tax rate resulting from:
State taxes, net of federal benefit			2.3				2.2				2.5
Non-cash charitable contribution of appreciated inventory			(0.9	)			(3.2	)			(2.2	)
Officer's life insurance			(5.9	)			(6.8	)			(3.8	)
Captive insurance disbursement			(1.9	)			(2.4	)			-
Subpart F Income			0.2				2.2				3.1
Valuation allowance against state income tax NOL's			-				-				2.7
Penalty			-				(4.2	)			2.0
Other			(0.6	)			(0.5	)			1.6
Effective income tax rate			27.2	%			22.3	%			40.9	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

		January 29,				January 30,
		2012				2011
Assets
Deferred compensation		$	3,080			$	2,519
Allowance for bad debts			729				785
State income taxes			173				233
Restructuring			6				27
Property, plant and equipment			404				722
Intangible assets			1,270				831
Charitable contribution carryforward			954				772
Inventories			-				129
Other			191				191
Total deferred tax assets			6,807				6,209
Valuation allowance			(139	)			(139	)
			6,668				6,070
Liabilities
Inventories			263				-
Employee benefits			343				346
Other			-				-
Total deferred tax liabilities			606				346
Net deferred tax asset		$	6,062			$	5,724

Schedule of Other Assets and Other Liabilities [Table Text Block]

		January 29,				January 30,
		2012				2011
Prepaid expenses and other current assets (current portion)		$	1,012			$	1,869
Other assets (long-term portion)			5,050				3,855
Total asset		$	6,062			$	5,724

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Topic 740

-SubTopic 10

-Publisher FASB

-Number

-Article

-Subparagraph

-Name Accounting Standards Codification

-Paragraph 9

-Section 50

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

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X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Topic 740

-SubTopic 10

-Publisher FASB

-Number

-Article

-Subparagraph

-Name Accounting Standards Codification

-Paragraph 2

-Section 50

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

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X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Topic 740

-SubTopic 10

-Publisher FASB

-Number

-Article

-Subparagraph

-Name Accounting Standards Codification

-Paragraph 12

-Section 50

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

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- Definition

Tabular disclosure of other assets and other liabilities not separately disclosed on the balance sheet.

+ References

No definition available.

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