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NOTE 12 - EARNINGS PER SHARE | 12 Months Ended
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Feb. 01, 2015
Earnings Per Share [Abstract] |
Earnings Per Share [Text Block] | NOTE 12 – EARNINGS PER SHARE We refer you to the Earnings Per Share disclosure in Note 1-Summary of Significant Accounting Policies, above, for more detailed information concerning the calculation of earnings per share. We have issued restricted stock awards to non-employee directors since 2006 and certain management employees since 2014 and have issued restricted stock units (RSUs) to certain senior executives since fiscal 2012, under the Company’s Stock Incentive Plan. We expect to continue to grant these types of awards annually in the future. The following table sets forth the number of outstanding restricted stock awards and RSUs, net of forfeitures and vested shares, as of the fiscal year-end dates indicated:
|  | February 1, |  |  | February 2, |  |  | February 3, |
|  | 2015 |  |  | 2014 |  |  | 2013 |
Restricted shares |  |  | 27,458 |  |  |  | 28,614 |  |  |  | 29,063 |
Restricted stock units |  |  | 24,546 |  |  |  | 32,353 |  |  |  | 32,353 |
|  |  | 52,004 |  |  |  | 60,967 |  |  |  | 61,416 |
All restricted shares awarded that have not yet vested are considered when computing diluted earnings per share. Unlike the restricted stock grants issued to our non-employee directors, the transfer of ownership of common shares issued under our RSUs, if any, occurs after the three-year vesting period; however, RSUs are also considered when computing diluted earnings per share. The following table sets forth the computation of basic and diluted earnings per share:
|  | Fifty-Two |  |  | Fifty-Two |  |  | Fifty-Three |
|  | Weeks Ended |  |  | Weeks Ended |  |  | Weeks Ended |
|  | February 1, |  |  | February 2, |  |  | February 3, |
|  | 2015 |  |  | 2014 |  |  | 2013 |
Net income |  | $ | 12,578 |  |  | $ | 7,929 |  |  | $ | 8,626 |
Less: Dividends on unvested restricted shares |  |  | 11 |  |  |  | 12 |  |  |  | 11 |
Net earnings allocated to unvested restricted stock |  |  | 33 |  |  |  | 22 |  |  |  | 23 |
Earnings available for common shareholders |  | $ | 12,534 |  |  | $ | 7,895 |  |  | $ | 8,592 |
Weighted average shares outstanding for basic earnings per share |  |  | 10,736 |  |  |  | 10,722 |  |  |  | 10,745 |
Dilutive effect of unvested restricted stock awards |  |  | 35 |  |  |  | 30 |  |  |  | 30 |
Weighted average shares outstanding for diluted earnings per share |  |  | 10,771 |  |  |  | 10,752 |  |  |  | 10,775 |
Basic earnings per share |  | $ | 1.17 |  |  | $ | 0.74 |  |  | $ | 0.80 |
Diluted earnings per share |  | $ | 1.16 |  |  | $ | 0.74 |  |  | $ | 0.80 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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