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NOTE 6 - PROPERTY, PLANT AND EQUIPMENT | 12 Months Ended
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Feb. 03, 2013
Property, Plant and Equipment Disclosure [Text Block] | NOTE 6 – PROPERTY, PLANT AND EQUIPMENT
|  | Depreciable Lives |  |  | February 3, |  |  | January 29, |
|  | (In years) |  |  | 2013 |  |  | 2012 |
Computer software and hardware |  | 3 - 10 |  |  | $ | 22,203 |  |  | $ | 26,347 |
Buildings and land improvements |  | 15 - 30 |  |  |  | 23,680 |  |  |  | 24,501 |
Machinery and equipment |  | 10 |  |  |  | 3,663 |  |  |  | 3,708 |
Leasehold improvements |  | 5 |  |  |  | 2,801 |  |  |  | 777 |
Furniture and fixtures |  | 3 - 8 |  |  |  | 1,989 |  |  |  | 1,653 |
Other |  | 5 |  |  |  | 600 |  |  |  | 763 |
Total depreciable property at cost |  |  |  |  |  | 54,936 |  |  |  | 57,749 |
Less accumulated depreciation |  |  |  |  |  | 34,559 |  |  |  | 41,117 |
Total depreciable property, net |  |  |  |  |  | 20,377 |  |  |  | 16,632 |
Land |  |  |  |  |  | 1,152 |  |  |  | 1,357 |
Construction-in-progress |  |  |  |  |  | 1,300 |  |  |  | 3,680 |
Property, plant and equipment, net |  |  |  |  | $ | 22,829 |  |  | $ | 21,669 |
Leasehold improvements increased $2.0 million to $2.8 million at February 3, 2013, primarily due to the capitalization of improvements to our new High Point, NC showroom during the fiscal 2013 first quarter. The buildings and land improvements, machinery and equipment and land fixed asset categories decreased at February 3, 2013, primarily due to the sale of our former Cherryville, NC upholstery manufacturing facility during the fiscal 2013 second quarter. The $1.3 million in construction-in-process at February 3, 2013 is made up primarily of expenses to support our continued ERP conversion efforts and technological upgrades in our import and upholstery operations. In connection with the implementation of our new ERP system, we disposed of approximately $6 million of computer software which will no longer be used. Most of this software was fully depreciated; therefore, we also wrote off a corresponding amount of accumulated depreciation and amortization, resulting in a loss of $78,000 recorded in the selling and administrative line of our consolidated statements of income for the fiscal year ended February 3, 2013. No significant property, plant or equipment was held outside of the United States at either February 3, 2013 or January 29, 2012. Capitalized Software Costs Certain costs incurred in connection with developing or obtaining computer software for internal use are capitalized. These costs are amortized over periods of ten years or less. Capitalized software is reported as a component of computer software and hardware above and on the property, plant, and equipment line of our consolidated balance sheets. The activity in capitalized software costs was:
|  | Fifty-Three Weeks Ended |  |  | Fifty-Two Weeks Ended |
|  | February 3, |  |  | January 29, |  |  | January 30, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
Balance beginning of year |  | $ | 618 |  |  | $ | 1,519 |  |  | $ | 2,493 |
Purchases |  |  | 2,814 |  |  |  | 11 |  |  |  | 63 |
Amortization expense |  |  | (533 | ) |  |  | (912 | ) |  |  | (1,037 | )
Disposals |  |  | (69 | ) |  |  | - |  |  |  | - |
Balance end of year |  | $ | 2,830 |  |  | $ | 618 |  |  | $ | 1,519 |

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- Definition The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13-14) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 5 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2921-110230 + Details
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