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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jan. 28, 2024
Jan. 29, 2023
Jan. 30, 2022
Operating Activities:      
Net income/(loss) $ 9,865 $ (4,312) $ 11,718
Adjustments to reconcile net income to net cash provided by operating activities:      
Inventory valuation expense 1,829 28,752 3,402
Depreciation and amortization 8,956 8,829 7,814
Loss/(Gain) on disposal of assets 35 94 (18)
Deferred income tax expense/(benefit) 2,523 (3,160) 2,323
Non-cash restricted stock and performance awards 1,706 1,244 (28)
Provision for doubtful accounts and sales allowances (727) (3,673) 45
Gain on life insurance policies (984) (1,179) (1,008)
Changes in assets and liabilities:      
Trade accounts receivable 11,577 16,831 9,518
Inventories 34,776 (47,827) (8,265)
Income tax recoverable 65 1,283 (4,361)
Prepaid expenses and other assets (5,111) (5,711) (4,400)
Trade accounts payable 190 (15,781) (1,312)
Accrued salaries, wages and benefits (1,890) 2,148 76
Accrued income taxes 0 0 (501)
Customer deposits (2,590) (1,911) 2,890
Operating lease liabilities 449 (57) 708
Other accrued expenses (4,261) 3,254 908
Deferred compensation (937) (542) (300)
Net cash provided by/(used in) operating activities 55,471 (21,718) 19,209
Investing Activities:      
Acquisition (2,373) (25,274) 0
Purchases of property, plant and equipment (6,815) (4,199) (6,692)
Proceeds from sale of property and equipment 0 0 18
Premiums paid on life insurance policies (406) (492) (560)
Proceeds received on life insurance policies 1,036 0 372
Net cash used in investing activities (8,558) (29,965) (6,862)
Financing Activities:      
Purchase and retirement of common stock (11,674) (13,342) 0
Cash dividends paid (9,682) (9,602) (8,822)
Payments for long-term loans (1,400) (700) 0
Proceeds from long-term loans 0 25,000 0
Proceeds from revolving credit facility 0 36,190 0
Payments for revolving credit facility 0 (36,190) 0
Debt issuance cost 0 (37) 0
Net cash (used in)/provided by financing activities (22,756) 1,319 (8,822)
Net increase/(decrease) in cash and cash equivalents 24,157 (50,364) 3,525
Cash and cash equivalents at the beginning of year 19,002 69,366 65,841
Cash and cash equivalents at the end of year 43,159 19,002 69,366
Supplemental schedule of cash flow information:      
Interest paid, net 1,375 642 0
Income taxes paid, net 23 101 5,888
Supplemental schedule of noncash investing activities:      
(Decrease)/Increase in lease liabilities arising from obtaining right-of-use assets (10,646) 25,241 24,513
Increase in property and equipment through accrued purchases $ 190 $ 128 $ 15