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SHENANDOAH ACQUISITION (Tables) - Shenandoah Furniture, Inc, [Member] | 12 Months Ended
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Feb. 02, 2020
SHENANDOAH ACQUISITION (Tables) [Line Items] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | The following table summarizes the estimates of the fair values of the identifiable assets acquired and liabilities assumed in the Shenandoah acquisition as of September 29, 2017.
Purchase price consideration |  |  |  |
Cash paid for assets acquired, including working capital adjustment |  | $ | 32,773 |
Value of shares issued for assets acquired |  |  | 8,000 |
Fair value adjustment to shares issued for assets acquired* |  |  | 396 |
Total purchase price |  | $ | 41,169 |
Fair value estimates of assets acquired and liabilities assumed |
Accounts receivable |  | $ | 3,576 |
Inventory |  |  | 2,380 |
Prepaid expenses and other current assets |  |  | 52 |
Property and equipment |  |  | 5,401 |
Intangible assets |  |  | 14,300 |
Goodwill |  |  | 16,871 |
Accounts payable |  |  | (699 | )
Accrued expenses |  |  | (712 | )
Total purchase price |  | $ | 41,169 |
*As provided by the Asset Purchase Agreement, we calculated the number of common shares issued to SFI by dividing $8 million by the mean closing price of our common stock for the ten trading days immediately preceding the business day immediately preceding the closing date ($45.45). However, U.S. Generally Accepted Accounting Standards provide that we value stock consideration exchanged in the Shenandoah acquisition at fair value. Consequently, we adjusted the purchase price by $396,000, which represents the difference in the mean closing price of the Company’s common stock for the ten trading days immediately preceding the business day preceding the closing date ($45.45) and the price on September 29, 2017, multiplied by the number of common shares issued (176,018.) No additional consideration was transferred to SFI as a result of this adjustment.
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 Shenandoah acquisition as if it had occurred on February 1, 2016:
|  | Pro Forma - Unaudited |
|  | 13 Weeks Ended |  |  | 52 Weeks Ended |
|  | January 28, 2018 |  |  | January 28, 2018 |
|  | (Pro forma) |  |  | (Pro forma) |
Net Sales |  | $ | 175,365 |  |  | $ | 649,936 |
Net Income |  | $ | 8,775 |  |  | $ | 32,977 |
Basic EPS |  | $ | 0.75 |  |  | $ | 2.82 |
Diluted EPS |  | $ | 0.75 |  |  | $ | 2.81 |

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- 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/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472 + Details
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