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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Feb. 02, 2020
Feb. 03, 2019
Jan. 28, 2018
Operating Activities:      
Net income $ 17,083 $ 39,873 $ 28,250
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 7,100 7,442 6,647
Gain on pension settlement (520) 0 0
(Gain)/Loss on disposal of assets (271) (73) 571
Proceeds from Casualty Loss 0 409 0
Deferred income tax expense (benefit) 1,940 (1,221) 4,110
Non-cash restricted stock and performance awards 1,296 1,284 1,175
Provision for doubtful accounts and sales allowances (435) (799) (531)
Gain on life insurance policies (831) (748) (582)
Changes in assets and liabilities:      
Trade accounts receivable 25,339 (17,982) 2,908
Inventories 12,391 (21,323) (6,776)
Income tax recoverable (751) 0 0
Prepaid expenses and other current assets (557) 267 (1,067)
Trade accounts payable (15,349) 8,130 (4,623)
Accrued salaries, wages and benefits (3,070) (1,643) 129
Accrued income taxes (3,159) (672) (612)
Customer deposits 328 (1,270) (339)
Operating lease liabilities 299 0 0
Other accrued expenses 645 604 (696)
Deferred compensation (49) (2,757) (1,151)
Other long-term liabilities 0 141 333
Net cash provided by operating activities 41,429 9,662 27,746
Investing Activities:      
Acquisitions 0 0 (32,773)
Purchases of property, plant and equipment (5,129) (5,214) (3,166)
Proceeds received on notes receivable 1,449 119 120
Proceeds from sale of property and equipment 16 11 9
Premiums paid on life insurance policies (590) (652) (673)
Proceeds received on life insurance policies 0 1,225 0
Net cash used in investing activities (4,254) (4,511) (36,483)
Financing Activities:      
Proceeds from long-term debt 0 0 12,000
Payments for long-term debt (5,368) (17,917) (6,285)
Debt issuance cost 0 0 (39)
Cash dividends paid (7,211) (6,714) (5,816)
Net cash used in financing activities (12,579) (24,631) (140)
Net increase (decrease) in cash and cash equivalents 24,596 (19,480) (8,877)
Cash and cash equivalents at the beginning of year 11,435 30,915 39,792
Cash and cash equivalents at the end of year 36,031 11,435 30,915
Supplemental schedule of cash flow information:      
Interest paid, net 993 1,338 1,135
Income taxes paid, net 6,818 13,613 14,122
Supplemental schedule of noncash investing activities:      
Acquisition cost paid in common stock 0 0 8,396
Increase in lease liabilities arising from obtaining right-of-use assets 625 0 0
Increase in property and equipment through accrued purchases $ 5 $ 23 $ 58