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Income Taxes
 9 Months Ended
Nov. 01, 2025
Income Taxes [Abstract]  
Income Taxes
NOTE 9 – INCOME TAXES:
The
Company
had
an
effective
tax
rate
for
the
first
nine
months
of
2025
of
(
11.9
%)
compared
to
an
effective tax rate
of (
67.5
%) for the first
nine months of fiscal 2024.
Income tax benefit for the
first nine
months
was
$
0.5
million in
fiscal
2025
versus income
tax
expense of
$
1.6
million in
fiscal
2024.
The
income
tax
benefit
in
fiscal
2025
is
primarily
due
to
a
reduction
in
foreign
income
taxes
and
a
larger
release
of
reserves
related
to
expired
statute
of
limitations
for
uncertain
tax
positions
compared
to
the
prior
year.
On July
4, 2025,
the
One Big
Beautiful Bill
Act (the
“OBBBA”) was
signed into
law.
The
Company considered the impact of the
OBBBA in the second quarter of
fiscal 2025.
The changes do not
have a material impact
on the Company’s
effective tax rate.
The Company continues to
monitor impacts
moving forward.