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Income Taxes
 6 Months Ended
Aug. 02, 2025
Income Taxes [Abstract]  
Income Taxes
 
NOTE 9 – INCOME TAXES:
The Company had
 
an effective tax
 
rate for the
 
first six months
 
of 2025 of
5.9
% compared to
 
an effective
tax
 
rate
 
of
10.5
%
 
for
 
the
 
first
 
six
 
months
 
of
 
fiscal
 
2024.
 
Income tax
 
expense
 
for
 
the
 
first
 
six
 
months
decreased to
 
$
0.6
 
million in fiscal
 
2025 from an
 
income tax expense
 
of $
1.3
 
million in fiscal
 
2024.
 
The
decrease
 
in
 
tax
 
expense in
 
2025
 
is
 
primarily due
 
to
 
reductions in
 
foreign income
 
taxes
 
and
 
a
 
favorable
adjustment to the federal net operating loss carryback claim as
 
a result of the Coronavirus Aid, Relief and
Economic Security Act (CARES Act), partially offset by an increase in state income
 
taxes.
 
On July 4,
 
2025, the One Big
 
Beautiful Bill Act
 
(the “OBBBA”) was
 
signed into law.
 
The Company has
considered the impact
 
of the
 
OBBBA in
 
the second
 
quarter of fiscal
 
2025 and concluded
 
the changes
 
do
not have a material impact on the Company’s effective tax rate.