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9. Income Taxes
 6 Months Ended
Jul. 29, 2012
Income Tax Disclosure [Text Block] 9.           Income Taxes
We recorded income tax expense of $868,000 for the fiscal 2013 second quarter compared to $875,000 for the prior year second quarter.  The effective tax rates for the fiscal 2013 and 2012 second quarters were 37.1% and 34.7%, respectively.  The fiscal 2013 second quarter utilizes a current federal tax rate of 34% compared to 35% in the prior year second quarter.  In addition to this decrease in our effective tax rate, we also had a greater than anticipated permanent benefit from officers’ life insurance policies, a change in our federal deferred tax rate from 35% to 34% and a lower than anticipated distribution from our captive insurance company.

We recorded income tax expense of $1.4 million in the first half of fiscal 2013 compared to $1.2 million for the same period last year.  The effective income tax rates for the first half of fiscal years 2013 and 2012 were 36.3% and 34.7%, respectively. As of the fiscal 2013 second quarter, we began utilizing a current federal tax rate of 34% compared to 35% in the prior year second quarter.  In addition to this decrease in our effective tax rate, we also had a greater than anticipated permanent benefit from officers’ life insurance policies, a change in our federal deferred tax rate from 35% to 34% and a lower than anticipated distribution from our captive insurance company.