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NOTE 3 - ACQUISITION (Tables)

12 Months Ended

Jan. 29, 2017

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The following table summarizes our final estimates of the fair values of the identifiable assets acquired and liabilities assumed in the Acquisition as of January 29, 2017. Adjustments recorded to our preliminary estimates of the fair values of the identifiable assets acquired and liabilities assumed as of February 1, 2016 were due to the continued refinement of management’s estimates and adjustments made to conform the newly acquired entity’s accounting policies to our own. These adjustments included the reclassification of accounts receivable-related reserve items from accrued expenses to accounts receivable, the write-off of deferred rent, the reduction of property and equipment and prepaid expenses for items that had been capitalized inconsistent with our capitalization policy and the recognition of accrued salaries and wages to recognize compensated absences.

Fair value estimates of assets acquired and liabilities assumed:		(in thousands)
Purchase price consideration
Cash paid for assets acquired, including working capital adjustment		$	86,062
Value of shares issued for assets acquired			15,000
Value of shares issued for excess net working capital			5,267
Total purchase price		$	106,329
Accounts receivable		$	42,463
Inventory			37,606
Prepaid expenses and other current assets			1,801
Property and equipment			5,292
Intangible assets			27,800
Goodwill			23,187
Accounts payable			(22,784	)
Accrued expenses			(316	)
Pension plan liabilities and deferred compensation balances			(8,720	)
Total purchase price		$	106,329

Business Acquisition, Pro Forma Information [Table Text Block]

The following unaudited consolidated pro forma summary has been prepared by adjusting our historical data to give effect to the Acquisition as if it had occurred on February 1, 2015:

		13 Weeks Ended				52 Weeks Ended
		January 31, 2016				January 31, 2016
		(Pro forma)				(Pro forma)
Net Sales		$	152,434			$	571,720
Net Income			8,027				22,831
Basic EPS			0.74				2.12
Diluted EPS			0.74				2.11

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)-(3)
-URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1392-128463

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- References

No definition available.

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X

- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1486-128463

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1392-128463

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