NOTE 12 - EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

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