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NOTE 16 - INCOME TAXES (Tables)

12 Months Ended

Feb. 03, 2019

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-Three				Fifty-Two				Fifty-Two
		Weeks Ended				Weeks Ended				Weeks Ended
		February 3,				January 28,				January 29,
		2019				2018				2017
Current expense
Federal		$	10,537			$	12,022			$	14,470
Foreign			118				85				86
State			2,247				1,390				1,471
Total current expense			12,902				13,497				16,027
Deferred taxes
Federal			(963	)			4,038				(1,902	)
State			(222	)			(13	)			(216	)
Total deferred taxes			(1,185	)			4,025				(2,118	)
Income tax expense		$	11,717			$	17,522			$	13,909

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

		Fifty-Three				Fifty-Two				Fifty-Two
		Weeks Ended				Weeks Ended				Weeks Ended
		February 3,				January 28,				January 29,
		2019				2018				2017
Income taxes at statutory rate			21.0	%			33.9	%			35.0	%
Increase (decrease) in tax rate resulting from:
State taxes, net of federal benefit			3.2				2.0				2.2
Officer's life insurance			-0.7				-0.6				-1.2
Captive Life Insurance			0.0				0.0				-1.3
Tax Cuts and Jobs Act of 2017			0.0				4.0				0.0
Change in Valuation allowance			0.0				0.0				1.3
Other			-0.8				-1.0				-0.5
Effective income tax rate			22.7	%			38.3	%			35.5	%

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

		February 3,				January 28,
		2019				2018
Assets
Deferred compensation		$	3,572			$	3,226
Allowance for bad debts			1,236				1,437
Inventories			882				-
Capital loss carryover			339				335
Other			1,120				692
Total deferred tax assets			7,149				5,690
Valuation allowance			(339	)			(335	)
			6,810				5,355
Liabilities
Inventory			-				315
Intangible assets			923				108
Property, plant and equipment			1,288				1,520
Unrecognized pension actuarial losses			77				148
Total deferred tax liabilities			2,288				2,091
Net deferred tax assets		$	4,522			$	3,264

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 February 3, 2019 and January 28, 2018 are as follows:

		February 3,				January 28,
		2019				2018
Balance, beginning of year		$	91			$	248
Increase related to prior year tax positions			-				-
Decrease related to prior year tax positions			(48	)			(157	)
Increase related to current year tax positions			-				-
Balance, end of year		$	43			$	91

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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 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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