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NOTE 12 - EMPLOYEE BENEFIT PLANS (Tables) | 12 Months Ended
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Jan. 29, 2017
NOTE 12 - EMPLOYEE BENEFIT PLANS (Tables) [Line Items] |
Other Employee Related Liabilities [Table Text Block] | The following amounts were accrued in our consolidated balance sheets as of the fiscal period-end dates indicated:
|  | January 29, |  |  | January 31, |
|  | 2017 |  |  | 2016 |
Performance grants |  |  |  |  |  |
Fiscal 2014 grant (Current liabilities, Accrued wages, salaries and benefits) |  | $ | - |  |  | $ | 619 |
Fiscal 2015 grant (Current liabilities, Accrued wages, salaries and benefits) |  |  | 644 |  |  |  | 429 |
Fiscal 2016 grant (Non-current liabilities, Deferred compensation) |  |  | 215 |  |  |  | 129 |
Fiscal 2017 grant (Non-current liabilities, Deferred compensation) |  |  | 93 |  |  |  | - |
Total performance grants accrued |  | $ | 952 |  |  | $ | 1,177 |
Supplemental Retirement Income Plan ("SRIP") and Supplemental Executive Retirement Plan ("SERP") [Member] |
NOTE 12 - EMPLOYEE BENEFIT PLANS (Tables) [Line Items] |
Schedule of Defined Benefit Plans Disclosures [Table Text Block] | Summarized SRIP and SERP information as of each fiscal year-end (the measurement date) is as follows:
|  | SRIP (Supplemental Retirement Income Plan) |  |  |  |  |  | SERP (Supplemental Executive Retirement Plan) |
|  | Fifty-Two |  |  | Fifty-Two |  |  |  |  |  | Fifty-Two |
|  | Weeks Ended |  |  | Weeks Ended |  |  |  |  |  | Weeks Ended |
|  | January 29, |  |  | January 31, |  |  |  |  |  | January 29, |
|  | 2017 |  |  | 2016 |  |  |  |  |  | 2017 |
Change in benefit obligation: |  |  |  |  |  |  |  |  |  |  |  |
Beginning projected benefit obligation |  | $ | 8,153 |  |  | $ | 8,385 |  |  |  |  |  |  | $ | 2,413 |
Service cost |  |  | 375 |  |  |  | 406 |  |  |  |  |  |  |  |  |
Interest cost |  |  | 341 |  |  |  | 289 |  |  |  |  |  |  |  | 89 |
Benefits paid |  |  | (354 | ) |  |  | (354 | ) |  |  |  |  |  |  | (204 | )
Actuarial loss (gain) |  |  | 330 |  |  |  | (573 | ) |  |  |  |  |  |  | 4 |
Ending projected benefit obligation (funded status) |  | $ | 8,845 |  |  | $ | 8,153 |  |  |  |  |  |  | $ | 2,302 |
Accumulated benefit obligation |  | $ | 8,344 |  |  | $ | 7,446 |  |  |  |  |  |  | $ | 2,302 |
Discount rate used to value the ending benefit obligations: |  |  | 4.00 | % |  |  | 4.25 | % |  |  |  |  |  |  | 3.77 | %
Amount recognized in the consolidated balance sheets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities (Accrued salaries, wages and benefits line) |  | $ | 473 |  |  | $ | 354 |  |  |  |  |  |  | $ | 221 |
Non-current liabilities (Deferred compensation line*) |  |  | 8,372 |  |  |  | 7,799 |  |  |  |  |  |  |  | 2,081 |
Total |  | $ | 8,845 |  |  | $ | 8,153 |  |  |  |  |  |  | $ | 2,302 |
Schedule of Net Benefit Costs [Table Text Block] |
|  | Fifty-Two |  |  | Fifty-Two |  |  | Fifty-Two |  |  | Fifty-Two |
|  | Weeks Ended |  |  | Weeks Ended |  |  | Weeks Ended |  |  | Weeks Ended |
|  | January 29, |  |  | January 31, |  |  | February 1, |  |  | January 29, |
|  | 2017 |  |  | 2016 |  |  | 2015 |  |  | 2017 |
Net periodic benefit cost |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Service cost |  | $ | 375 |  |  | $ | 406 |  |  | $ | 102 |  |  | $ | - |
Interest cost |  |  | 341 |  |  |  | 289 |  |  |  | 339 |  |  |  | 89 |
Net (gain) loss |  |  | (72 | ) |  |  | 178 |  |  |  | (51 | ) |  |  | - |
Net periodic benefit cost |  | $ | 644 |  |  | $ | 873 |  |  | $ | 390 |  |  | $ | 89 |
Other changes recognized in accumulated other comprehensive income |  |  |  |  |  |  |  |  |  |  |  |  |
Net loss (gain) arising during period |  |  | 330 |  |  |  | (574 | ) |  |  | 636 |  |  |  | 4 |
Gain (Loss) |  |  | 72 |  |  |  | (178 | ) |  |  | 51 |  |  |  | - |
Total recognized in other comprehensive loss (income) |  |  | 402 |  |  |  | (752 | ) |  |  | 687 |  |  |  | 4 |
Total recognized in net periodic benefit cost and accumulated other comprehensive income |  | $ | 1,046 |  |  | $ | 121 |  |  | $ | 1,077 |  |  | $ | 93 |
Assumptions used to determine net periodic benefit cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Discount rate(1) |  |  | 4.25 | % |  |  | 3.5 | % |  |  | 4.5 | % |  |  | 3.88 | %
Increase in future compensation levels |  |  | 4.00 | % |  |  | 4.0 | % |  |  | 4.0 | % |  |  | N/A |
(1) | The discount rate used for the SRIP is the Moody’s Composite Bond rate rounded to the nearest 0.25%. The discount rate used for the SERP Plan is hypothetical AA-rated corporate bond spot-rate explained in greater detail below.
Schedule of Expected Benefit Payments [Table Text Block] |
Estimated Future Benefit Payments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fiscal 2018 |  | $ | 473 |  |  |  |  |  |  |  |  |  |  |  | 221 |
Fiscal 2019 |  |  | 551 |  |  |  |  |  |  |  |  |  |  |  | 209 |
Fiscal 2020 |  |  | 834 |  |  |  |  |  |  |  |  |  |  |  | 203 |
Fiscal 2021 |  |  | 834 |  |  |  |  |  |  |  |  |  |  |  | 195 |
Fiscal 2022 |  |  | 834 |  |  |  |  |  |  |  |  |  |  |  | 187 |
Next 5 years |  |  | 4,347 |  |  |  |  |  |  |  |  |  |  |  | 795 |
Pension Plan [Member] |
NOTE 12 - EMPLOYEE BENEFIT PLANS (Tables) [Line Items] |
Schedule of Defined Benefit Plans Disclosures [Table Text Block] | Summarized Pension Plan information as of January 29, 2017 (the measurement date) is as follows:
Pulaski Furniture Pension Plan |  |  |
|  | Fifty-Two |
|  | Weeks Ended |
|  | January 29, |
|  | 2017 |
Change in benefit obligation: |  |  |
Beginning projected benefit obligation |  | $ | 17,829 |
Service cost |  |  | - |
Interest cost |  |  | 751 |
Benefits paid |  |  | (1,099 | )
Actuarial (gain) loss |  |  | (101 | )
Ending projected benefit obligation |  | $ | 17,380 |
Change in Plan Assets: |  |  |  |
Beginning fair value of plan assets |  | $ | 11,585 |
Actual return on plan assets |  |  | 1,666 |
Employer contributions |  |  | 2,011 |
Actual expenses paid |  |  | (282 | )
Actual benefits paid |  | $ | (1,099 | )
Ending fair value of plan assets |  | $ | 13,881 |
Funded Status of the Plan |  | $ | (3,499 | )
Discount rate used to value the ending benefit obligations: |  |  | 4.14 | %
Amount recognized in the consolidated balance sheets: |  |  |  |
Current liabilities |  | $ | - |
Non-current liabilities |  |  | (3,499 | )
Total |  | $ | (3,499 | )
Schedule of Net Benefit Costs [Table Text Block] |
|  | Fifty-Two |
|  | Weeks Ended |
|  | January 29, |
|  | 2017 |
Net periodic benefit cost |  |  |
Expected administrative expenses |  | $ | 280 |
Interest cost |  |  | 751 |
Net loss (gain) |  |  | (808 | )
Net periodic benefit cost |  | $ | 223 |
Other changes recognized in accumulated other comprehensive income |
Net (gain) loss arising during period |  |  | (957 | )
Total recognized in other comprehensive (income) loss |  |  | (957 | )
Total recognized in net periodic benefit cost and accumulated other comprehensive income |  | $ | (734 | )
Assumptions used to determine net periodic benefit cost: |  |  |  |
Discount rate (Moody’s Composite Bond Rate) |  |  | 4.36 | %
Increase in future compensation levels |  |  | N/A |
Schedule of Expected Benefit Payments [Table Text Block] |
Estimated Future Benefit Payments: |  |  |  |
Fiscal 2018 |  | $ | 1,179 |
Fiscal 2019 |  |  | 1,155 |
Fiscal 2020 |  |  | 1,144 |
Fiscal 2021 |  |  | 1,130 |
Fiscal 2022 |  |  | 1,109 |
Fiscal 2023 through Fiscal 2027 |  |  | 5,463 |
Schedule of Allocation of Plan Assets [Table Text Block] | The following are the major categories of plan assets measured at fair value on January 29, 2017, all using quoted prices in active markets for identical assets (Level 1), in thousands of dollars:
Money Market Funds |  | $ | 324 |
Mutual Funds: |  |  |  |
Growth Funds |  | $ | 2,807 |
International Funds |  |  | 2,089 |
Bond Funds |  |  | 3,121 |
Value Funds |  |  | 1,390 |
Small Blend Funds |  |  | 1,377 |
Emerging Market Funds |  |  | 1,399 |
Real Estate Funds |  |  | 1,374 |
Total Plan Assets |  | $ | 13,881 |

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