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Recent Accounting Pronouncements
 9 Months Ended
Nov. 01, 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.
The Company is currently
in the process of
evaluating the potential impact of
adoption
of
this new
guidance on
its income
tax related
disclosures. The
required disclosures
will be
included in
our 2025 Annual Report on Form 10-K.
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.