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NOTE 12 - INCOME TAXES (Tables)

12 Months Ended

Feb. 03, 2013

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

Our provision for income taxes was as follows for the periods indicated:

		Fifty-Three Weeks Ended				Fifty-Two Weeks Ended
		February 3,				January 29,				January 30,
		2013				2012				2011
Current expense
Federal		$	3,894			$	1,687			$	2,450
Foreign			50				54				50
State			403				182				301
Total current expense			4,347				1,923				2,801
Deferred taxes
Federal			(35	)			(87	)			(1,735	)
State			55				52				(137	)
Total deferred taxes			20				(35	)			(1,872	)
Income tax expense		$	4,367			$	1,888			$	929

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

The effective income tax rate differed from the federal statutory tax rate as follows for the periods indicated:

		Fifty-Three Weeks Ended				Fifty-Two Weeks Ended
		February 3,				January 29,				January 30,
		2013				2012				2011
Income taxes at statutory rate			34.0	%			34.0	%			35.0	%
Increase (decrease) in tax rate resulting from:
State taxes, net of federal benefit			2.1				2.3				2.2
Change in deferred tax rates			1.6
Non-cash charitable contribution of appreciated inventory			(0.3	)			(0.9	)			(3.2	)
Officer's life insurance			(3.1	)			(5.9	)			(6.8	)
Captive insurance disbursement			(0.9	)			(1.9	)			(2.4	)
Subpart F Income			0.0				0.2				2.2
Penalty			0.1				0.0				(4.2	)
Other			0.1				(0.6	)			(0.5	)
Effective income tax rate			33.6	%			27.2	%			22.3	%

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

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities for the period indicated were:

		February 3,				January 29,
		2013				2012
Assets
Deferred compensation		$	3,319			$	3,144
Allowance for bad debts			455				729
State income taxes			153				173
Property, plant and equipment			220				404
Intangible assets			989				1,270
Charitable contribution carryforward			745				954
Inventories			447				-
Other			245				197
Total deferred tax assets			6,573				6,871
Valuation allowance			(139	)			(139	)
			6,434				6,732
Liabilities
Inventories			-				263
Employee benefits			328				343
Total deferred tax liabilities			328				606
Net deferred tax asset without AOCI			6,106				6,126
Deferred tax liability in AOCI			(115	)			(64	)
Total net deferred tax asset		$	5,991			$	6,062

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 9

-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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 2

-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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 12

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

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