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RELATED PARTY TRANSACTIONS
 12 Months Ended
Jan. 28, 2024
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]

NOTE 21 - RELATED PARTY TRANSACTIONS

 

We lease the four properties utilized in Shenandoah’s operations. One of our employees has an ownership interest in the entities that own these properties. The leases commenced on September 29, 2017 with an option to renew each for an additional seven years. All four leases include annual rent escalation clauses with respect to minimum lease payments after the initial 84-month term of the lease is completed. In addition to monthly lease payments, we also incur expenses for property taxes, routine repairs and maintenance and other operating expenses. The total amount of the lease expenses and other expenses do not have a material effect on our consolidated financial statements.