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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jan. 29, 2023
Jan. 30, 2022
Jan. 31, 2021
Operating Activities:      
Net (loss)/income $ (4,312) $ 11,718 $ (10,426)
Adjustments to reconcile net income to net cash provided by operating activities:      
Inventory valuation expense 28,752 3,402 523
Goodwill and intangible asset impairment charges 0 0 44,318
Depreciation and amortization 8,829 7,814 6,778
Loss/(Gain) on disposal of assets 94 (18) 0
Deferred income tax expense/(benefit) (3,160) 2,323 (11,262)
Non-cash restricted stock and performance awards 1,244 (28) 1,741
Provision for doubtful accounts and sales allowances (3,673) 45 4,686
Gain on life insurance policies (1,179) (1,008) (1,207)
Changes in assets and liabilities:      
Trade accounts receivable 16,831 9,518 (323)
Inventories (47,827) (8,265) 22,131
Income tax recoverable 1,283 (4,361) 751
Prepaid expenses and other current assets (5,711) (4,400) 515
Trade accounts payable (15,781) (1,312) 6,686
Accrued salaries, wages and benefits 2,148 76 2,204
Accrued income taxes 0 (501) 501
Customer deposits (1,911) 2,890 904
Operating lease assets and liabilities (57) 708 888
Other accrued expenses 3,254 908 (856)
Deferred compensation (542) (300) (289)
Net cash (used in)/provided by operating activities (21,718) 19,209 68,263
Investing Activities:      
Acquisition (25,274) 0 0
Purchases of property, plant and equipment (4,199) (6,692) (1,210)
Proceeds from sale of property and equipment 0 18 0
Premiums paid on life insurance policies (492) (560) (555)
Proceeds received on life insurance policies 0 372 1,289
Net cash used in investing activities (29,965) (6,862) (476)
Financing Activities:      
Proceeds from long-term loans 25,000 0 0
Payments for long-term loans (700) 0 (30,139)
Proceeds from revolving credit facility 36,190 0 0
Payments for revolving credit facility (36,190) 0 0
Debt issuance cost (37) 0 0
Purchase and retirement of common stock (13,342) 0 0
Cash dividends paid (9,602) (8,822) (7,838)
Net cash provided by/(used in) financing activities 1,319 (8,822) (37,977)
Net (decrease)/increase in cash and cash equivalents (50,364) 3,525 29,810
Cash and cash equivalents at the beginning of year 69,366 65,841 36,031
Cash and cash equivalents at the end of year 19,002 69,366 65,841
Supplemental schedule of cash flow information:      
Interest paid, net 642 0 444
Income taxes paid, net 101 5,888 5,872
Supplemental schedule of noncash investing activities:      
Increase in lease liabilities arising from obtaining right-of-use assets 25,241 24,513 2,236
Increase in property and equipment through accrued purchases $ 128 $ 15 $ 33