XML 29 R19.htm IDEA: XBRL DOCUMENT v3.23.1

Basis of Presentation (Tables)

3 Months Ended

Apr. 29, 2023

Accounting Policies [Abstract]

Other Comprehensive Income (Loss) and Reclassifications from AOCI

Other comprehensive income (loss) includes amounts related to foreign currency and pension plans and is reported in the Consolidated Statements of Comprehensive Income (Loss). Other comprehensive income (loss) and reclassifications from AOCI for the three months ended April 29, 2023 and April 30, 2022, respectively, were as follows:

		April 29, 2023												April 30, 2022
For the three months ended:		(in thousands)
		Pension Plans				Foreign Currency				Total				Pension Plans				Foreign Currency				Total
Balance at beginning of the quarter		$	(4,928	)		$	—			$	(4,928	)		$	(5,466	)		$	(59	)		$	(5,525	)
Other comprehensive income (loss) before    reclassifications, net of taxes			6				—				6				79				(4	)			75
Amounts reclassified from accumulated other    comprehensive income, net of taxes (1)			43				—				43				(12	)			—				(12	)
Other comprehensive income (loss) for the period			49				—				49				67				(4	)			63
Balance at end of quarter		$	(4,879	)		$	—			$	(4,879	)		$	(5,399	)		$	(63	)		$	(5,462	)

(1)Includes the amortization of the unrecognized loss on pension plans, which was charged to “Selling, General and Administrative” Expense on the Consolidated Statements of Operations for all periods presented. The Company recognized expense of $58,000, or $43,000 net of taxes, for the three months ended April 29, 2023. For the three months ended April 30, 2022, the Company recognized income of $12,000, as a result of a change in amortization from average remaining future service to average remaining lifetime. There was no related tax effect for the three months ended April 30, 2022.

Valuation Assumptions for Stock Options

The fair value of each stock option grant is estimated on the date of grant using the Black-Scholes option-pricing model based on the assumptions in the table below as it relates to stock options granted during the first three months of fiscal 2023 and fiscal 2022.

		April 29, 2023				April 30, 2022
Expected volatility		86.3% - 92.1%				109.0% - 123.0%
Risk-free interest rate		3.71%-4.42%				2.52% - 2.60%
Expected term		2.5 yrs.				2.5 - 3.5 yrs.
Dividend rate			—				—
Weighted average fair value of options granted		$	3.24			$	3.38

X

- References

No definition available.

+ Details

Name:	us-gaap_AccountingPoliciesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669686-108580

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 20
-URI https://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900

+ Details

Name:	us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration