XML 39 R24.htm IDEA: XBRL DOCUMENT
v3.23.1

EARNINGS PER SHARE | 12 Months Ended
--- | ---
Jan. 29, 2023
Earnings Per Share [Abstract] |
Earnings Per Share [Text Block] | NOTE 16 – EARNINGS PER SHARE We refer you to the Earnings Per Share disclosure in Note 1-Summary of Significant Accounting Policies, above, for more detailed information concerning the calculation of earnings per share. All stock awards are designed to encourage retention and to provide an incentive for increasing shareholder value. We have issued restricted stock awards to non-employee members of the board of directors since 2006 and to certain non-executive employees since 2014. We have issued restricted stock units (“RSUs”) to certain senior executives since fiscal 2012 under the Company’s Stock Incentive Plan. Each RSU entitles an executive to receive one share of the Company’s common stock if the executive remains continuously employed with the Company through the end of a three-year service period. The RSUs may be paid in shares of our common stock, cash or both at the discretion of the Compensation Committee of our board of directors. We have issued Performance-based Restricted Stock Units (“PSUs”) to certain senior executives since fiscal 2019 under the Company’s Stock Incentive Plan. Each PSU entitles the executive officer to receive one share of our common stock based on the achievement of two specified performance conditions if the executive officer remains continuously employed through the end of the three-year performance period. One target is based on our annual average growth in our EPS over the performance period and the other target is based on EPS growth over the performance period compared to our peers. The payout or settlement of the PSUs will be made in shares of our common stock. We expect to continue to grant these types of awards annually in the future. The following table sets forth the number of outstanding restricted stock awards and RSUs and PSUs, net of forfeitures and vested shares, as of the fiscal period-end dates indicated:
|  | January 29, |  |  | January 30, |  |  | January 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Restricted shares |  |  | 132,304 |  |  |  | 59,500 |  |  |  | 54,747 |
RSUs and PSUs |  |  | 100,969 |  |  |  | 77,841 |  |  |  | 140,911 |
|  |  | 233,273 |  |  |  | 137,341 |  |  |  | 195,658 |
All restricted shares, RSUs and PSUs awarded that have not yet vested are considered when computing diluted earnings per share. The following table sets forth the computation of basic and diluted earnings per share:
|  | Fifty-Two Weeks Ended |
|  | January 29, |  |  | January 30, |  |  | January 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Net (loss)/income |  | $ | (4,312 | ) |  | $ | 11,718 |  |  | $ | (10,426 | )
Less: Dividends on unvested restricted shares |  |  | 103 |  |  |  | 46 |  |  |  | 36 |
Net earnings allocated to unvested restricted stock |  |  | - |  |  |  | 61 |  |  |  | - |
Earnings available for common shareholders |  | $ | (4,415 | ) |  | $ | 11,611 |  |  | $ | (10,462 | )
Weighted average shares outstanding for basic earnings per share |  |  | 11,593 |  |  |  | 11,852 |  |  |  | 11,822 |
Dilutive effect of unvested restricted stock awards |  |  | * |  |  |  | 118 |  |  |  | * |
Weighted average shares outstanding for diluted earnings per share |  |  | 11,593 |  |  |  | 11,970 |  |  |  | 11,822 |
Basic (loss)/earnings per share |  | $ | (0.37 | ) |  | $ | 0.99 |  |  | $ | (0.88 | )
Diluted (loss)/earnings per share |  | $ | (0.37 | ) |  | $ | 0.97 |  |  | $ | (0.88 | )
*Due to net loss in fiscal 2023 and fiscal 2021, approximately 117,000 and 119,000 shares would have been antidilutive and are therefore excluded from the calculation of earnings per share, respectively.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration