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Recent Accounting Pronouncements
 3 Months Ended
May 03, 2025
Recent Accounting Pronouncements [Abstract]  
Recent Accounting Pronouncements
 
NOTE 8 – RECENT ACCOUNTING PRONOUNCEMENTS:
In
 
December
 
2023,
 
the
 
FASB
 
issued
 
ASU
 
2023-09,
 
“Income
 
Taxes
 
(Topic
 
740):
 
Improvements
 
to
Income
 
Tax
 
Disclosures,”
 
which
 
modifies
 
the
 
requirements
 
on
 
income
 
tax
 
disclosures
 
to
 
require
disaggregated
 
information
 
about
 
a
 
reporting
 
entity’s
 
effective
 
tax
 
rate
 
reconciliation
 
as
 
well
 
as
information on
 
income taxes
 
paid.
 
This guidance
 
is effective
 
for fiscal
 
years beginning
 
after December
15, 2024 for all public
 
business entities, with early adoption and
 
retrospective application permitted.
 
The
Company is
 
currently in
 
the process
 
of evaluating
 
the potential
 
impact of
 
adoption of
 
this new
 
guidance
on its consolidated financial statements and related disclosures.
In
 
November
 
2024,
 
the
 
FASB
 
issued
 
ASU
 
2024-03,
 
“Income
 
Statement—Reporting
 
Comprehensive
Income—Expense
 
Disaggregation
 
Disclosures
 
(Subtopic
 
220-40):
 
Disaggregation
 
of
 
Income
 
Statement
Expenses,”
 
which
 
requires
 
public
 
entities
 
to
 
disclose,
 
on
 
an
 
annual
 
and
 
interim
 
basis,
 
disaggregated
information
 
in
 
the
 
footnotes
 
about
 
specified
 
information
 
related
 
to
 
certain
 
costs
 
and
 
expenses.
 
This
guidance is effective for annual periods beginning after December 15, 2026 and for interim periods within
fiscal years beginning after December 15, 2027, with early adoption permitted.
 
The Company is currently
in
 
the
 
process
 
of
 
evaluating
 
the
 
potential
 
impact
 
of
 
adoption
 
of
 
this
 
new
 
guidance
 
on
 
its
 
consolidated
financial statements and related disclosures.