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NOTE 15 - INCOME TAXES (Tables)

12 Months Ended

Jan. 29, 2017

Income Tax Disclosure [Abstract]

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

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

		Fifty-Two				Fifty-Two				Fifty-Two
		Weeks Ended				Weeks Ended				Weeks Ended
		January 29,				January 31,				February 1,
		2017				2016				2015
Current expense
Federal		$	14,470			$	7,196			$	6,024
Foreign			86				41				40
State			1,471				771				635
Total current expense			16,027				8,008				6,699
Deferred taxes
Federal			(2,427	)			244				97
State			(216	)			22				24
Valuation Allowance			525				0				0
Total deferred taxes			(2,118	)			266				121
Income tax expense		$	13,909			$	8,274			$	6,820

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 period

		January 29,				January 31,				February 1,
		2017				2016				2015
Income taxes at statutory rate			35.0	%			35.0	%			35.0	%
Increase (decrease) in tax rate resulting from:
State taxes, net of federal benefit			2.2				2.1				2.0
Domestic Production Deduction			(0.4	)			(0.6	)			-
Captive Insurance			(1.3	)			-				-
Change in valuation allowance			1.3				-				-
Officer’s life insurance			(1.2	)			(1.1	)			(1.2	)
Other, net			(0.1	)			(1.6	)			(0.6	)
Effective income tax rate			35.5	%			33.8	%			35.2	%

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

		January 29,				January 31,
		2017				2016
Assets
Deferred compensation		$	4,817			$	4,345
Allowance for bad debts			955				380
State income taxes			32				43
Intangible assets			609				703
Inventories			662				158
Employee benefits			144				-
Capital loss carryover			525				-
Other			460				378
Total deferred tax assets			8,204				6,007
Valuation allowance			(525	)			-
			7,679				6,007
Liabilities
Employee benefits			-				256
Property, plant and equipment			131				321
Total deferred tax liabilities			131				577
Net deferred tax asset without AOCI			7,548				5,430
Deferred tax asset (liability) in AOCI			(284	)			(80	)
Total net deferred tax asset		$	7,264			$	5,350

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

A reconciliation of the beginning and ending amount of total unrecognized tax benefits for the fiscal years ended January 29, 2017 and January 31, 2016 are as follows:

		January 29,				January 31,
		2017				2016
Balance, beginning of year		$	279			$	482
Increase related to prior year tax positions							-
Decrease related to prior year tax positions			(31	)			(203	)
Increase related to current year tax positions							-
Balance, end of year		$	248			$	279

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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.

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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.

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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.

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Tabular disclosure of the change in unrecognized tax benefits.

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