Krispy Kreme Doughnuts (KKD) 10-K 31 Mar 16 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jan. 31, 2016	Mar. 18, 2016	Aug. 02, 2015
Document and Entity Information [Abstract]
Document Type	10-K
Document Period End Date	Jan. 31, 2016
Amendment Flag	false
Entity Registrant Name	KRISPY KREME DOUGHNUTS INC
Entity Central Index Key	1,100,270
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Current Fiscal Year End Date	--01-31
Entity Filer Category	Large Accelerated Filer
Entity Well Known Seasoned Issuer	No
Entity Common Stock Shares Outstanding		63,184,525
Entity Public Float			$ 1,152,000,000
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Trading Symbol	KKD

CONSOLIDATED STATEMENT OF INCOM

CONSOLIDATED STATEMENT OF INCOME - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 31, 2016	Nov. 01, 2015	Aug. 02, 2015	May. 03, 2015	Feb. 01, 2015	Nov. 02, 2014	Aug. 03, 2014	May. 04, 2014	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014
CONSOLIDATED STATEMENT OF INCOME [Abstract]
Revenues	$ 130,360	$ 128,544	$ 127,336	$ 132,474	$ 125,367	$ 122,871	$ 120,516	$ 121,580	$ 518,714	$ 490,334	$ 460,331
Operating expenses:
Direct operating expenses (exclusive of depreciation and amortization expense shown below)	103,640	102,924	104,145	103,772	99,420	101,067	99,067	96,390	414,481	395,944	376,653
General and administrative expenses	6,578	6,796	6,718	7,554	9,221	5,553	6,737	7,047	27,646	28,558	25,149
Depreciation and amortization expense	4,076	4,056	4,074	3,993	3,354	3,280	3,033	3,173	16,199	12,840	11,106
Impairment charges and lease termination costs	4,437	(22)	304	4	905	4	38	8	4,723	955	1,374
Pre-opening costs related to Company Stores	$ 906	923	515	323	1,357	702	245	226	2,667	2,530	563
(Gains) and losses on commodity derivatives, net		506	841	(447)	$ 1,546	681	1,341	$ (1,444)	$ 900	2,124	1,459
(Gain) on refranchisings, net of business acquisition charges						(1,285)	431			(854)	(2,543)
Operating income	$ 10,723	13,361	10,739	17,275	$ 9,564	12,869	9,624	$ 16,180	$ 52,098	48,237	46,570
Interest income	79	68	72	147	109	62	64	171	366	406	616
Interest expense	(437)	(437)	(387)	(377)	(321)	(230)	(162)	(143)	$ (1,638)	$ (856)	(1,057)
Loss on retirement of debt											(967)
Equity in losses of equity method franchisees					53	(53)	(61)	(57)		$ (118)	(221)
Other non-operating income and (expense), net	595	140	89	184	136	91	152	168	$ 1,008	547	119
Income before income taxes	10,960	13,132	10,513	17,229	9,541	12,739	9,617	16,319	51,834	48,216	45,060
Provision for income taxes	2,714	5,564	4,595	6,563	2,995	4,633	3,865	6,663	19,436	18,156	10,804
Net income	$ 8,246	$ 7,568	$ 5,918	$ 10,666	$ 6,546	$ 8,106	$ 5,752	$ 9,656	$ 32,398	$ 30,060	$ 34,256
Earnings per common share:
Basic	$ 0.13	$ 0.12	$ 0.09	$ 0.16	$ 0.10	$ 0.12	$ 0.09	$ 0.15	$ 0.50	$ 0.45	$ 0.51
Diluted	$ 0.13	$ 0.11	$ 0.09	$ 0.16	$ 0.10	$ 0.12	$ 0.08	$ 0.14	$ 0.48	$ 0.44	$ 0.48

CONSOLIDATED STATEMENT OF COMPR

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 31, 2016	Nov. 01, 2015	Aug. 02, 2015	May. 03, 2015	Feb. 01, 2015	Nov. 02, 2014	Aug. 03, 2014	May. 04, 2014	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME [Abstract]
Net income	$ 8,246	$ 7,568	$ 5,918	$ 10,666	$ 6,546	$ 8,106	$ 5,752	$ 9,656	$ 32,398	$ 30,060	$ 34,256
Other comprehensive income:
Unrealized gain on cash flow hedge											36
Less income taxes											(14)
Unrealized gain on cash flow hedge, net of taxes											22
Loss on cash flow hedge reclassified to net income, previously charged to other comprehensive income											516
Less income taxes											(200)
Loss on cash flow hedge reclassified to net income, previously charged to other comprehensive income, net of taxes											316
Total other comprehensive income											338
Comprehensive income									$ 32,398	$ 30,060	$ 34,594

CONSOLIDATED BALANCE SHEET

CONSOLIDATED BALANCE SHEET - USD ($) $ in Thousands	Jan. 31, 2016	Feb. 01, 2015
CURRENT ASSETS:
Cash and cash equivalents	$ 50,785	$ 50,971
Receivables, net	28,088	27,799
Receivables from equity method franchisees	338	782
Inventories	16,312	18,194
Other current assets	3,619	6,856
Total current assets	99,142	104,602
Property and equipment	$ 127,709	$ 115,758
Investments in equity method franchisees
Goodwill and other intangible assets	$ 30,985	$ 30,070
Deferred income taxes	74,874	91,523
Other assets	10,165	10,760
Total assets	342,875	352,713
CURRENT LIABILITIES:
Current portion of lease obligations	326	333
Accounts payable	19,760	17,095
Accrued liabilities	29,633	32,530
Total current liabilities	49,719	49,958
Lease obligations, less current portion	11,217	9,354
Other long-term obligations and deferred credits	$ 25,799	$ 25,615
Commitments and contingencies
SHAREHOLDERS' EQUITY:
Preferred stock, no par value; 10,000 shares authorized; none issued and outstanding
Common stock, no par value; 300,000 shares authorized; shares issued and outstanding: January 31, 2016 - 63,069 and February 1, 2015 - 64,926	$ 266,724	$ 310,768
Accumulated other comprehensive income
Accumulated deficit	$ (10,584)	$ (42,982)
Total shareholders equity	256,140	267,786
Total liabilities and shareholders' equity	$ 342,875	$ 352,713

CONSOLIDATED BALANCE SHEET (Par

CONSOLIDATED BALANCE SHEET (Parentheticals) - $ / shares shares in Thousands	Jan. 31, 2016	Feb. 01, 2015
CONSOLIDATED BALANCE SHEET [Abstract]
Preferred stock, par value per share
Preferred stock, shares authorized	10,000	10,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value per share
Common stock, shares authorized	300,000	300,000
Common stock, shares issued	63,069	64,926
Common stock, shares outstanding	63,069	64,926

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 32,398	$ 30,060	$ 34,256
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	16,199	12,840	11,106
Deferred income taxes	16,650	15,729	$ 8,014
Impairment charges	$ 4,926	$ 901
Loss on retirement of debt			$ 967
(Gain) loss on disposal of property and equipment	$ 161	$ 238	(1,879)
(Gain) on refranchising		(1,247)	(876)
Share-based compensation	$ 5,584	4,466	6,452
Unrealized (gains) losses on commodity derivative positions	(1,811)	1,498	298
Other	187	1,128	972
Change in assets and liabilities:
Receivables	(808)	(3,962)	556
Inventories	1,909	(1,343)	(4,553)
Other current and non-current assets	2,780	(2,358)	1,917
Accounts payable and accrued liabilities	669	4,867	(1,913)
Other long-term obligations and deferred credits	94	57	1,595
Net cash provided by operating activities	78,938	62,874	56,912
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(28,934)	(31,447)	(23,419)
Proceeds from disposals of property and equipment	541	2,341	1,719
Acquisition of stores and franchise rights from franchisees	$ (1,877)	(7,152)	(1,603)
Proceeds from refranchising		1,847	681
Other investing activities	$ 1,114	766	456
Net cash used for investing activities	(29,156)	(33,645)	(22,166)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of long-term debt and lease obligations	$ (340)	$ (384)	(24,658)
Deferred financing costs			(132)
Proceeds from exercise of stock options	$ 1,933	$ 10,259	2,517
Repurchase of common shares	(51,561)	(43,881)	(23,057)
Net cash used for financing activities	(49,968)	(34,006)	(45,330)
Net decrease in cash and cash equivalents	(186)	(4,777)	(10,584)
Cash and cash equivalents at beginning of year	50,971	55,748	66,332
Cash and cash equivalents at end of year	50,785	50,971	55,748
Supplemental schedule of non-cash investing and financing activities:
Assets acquired under leasing arrangements	$ 2,139	$ 8,045	$ 918

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Accumulated Deficit [Member]
Beginning Balance at Feb. 03, 2013	$ 246,432	$ 354,068	$ (338)	$ (107,298)
Balance, shares at Feb. 03, 2013		65,356,000
Comprehensive income	34,594		$ 338	$ 34,256
Exercise of stock options	$ 2,517	$ 2,517
Exercise of stock options, shares	459,500	460,000
Share-based compensation	$ 6,452	$ 6,452
Share-based compensation, shares		445,000
Repurchase of common shares	$ (24,902)	$ (24,902)
Repurchase of common shares, shares	(1,321,000)	(1,321,000)
Ending Balance at Feb. 02, 2014	$ 265,093	$ 338,135		$ (73,042)
Balance, shares at Feb. 02, 2014		64,940,000
Comprehensive income	30,060			$ 30,060
Write-off of deferred tax assets related to the expiration of unexercised stock warrants	(56)	$ (56)
Exercise of stock options	$ 10,259	$ 10,259
Exercise of stock options, shares	1,929,600	1,930,000
Share-based compensation	$ 4,466	$ 4,466
Share-based compensation, shares		446,000
Repurchase of common shares	$ (42,036)	$ (42,036)
Repurchase of common shares, shares	(2,390,000)	(2,390,000)
Ending Balance at Feb. 01, 2015	$ 267,786	$ 310,768		$ (42,982)
Balance, shares at Feb. 01, 2015	64,926,000	64,926,000
Comprehensive income	$ 32,398			$ 32,398
Exercise of stock options	$ 1,933	$ 1,933
Exercise of stock options, shares	349,200	349,000
Share-based compensation	$ 5,584	$ 5,584
Share-based compensation, shares		666,000
Repurchase of common shares	$ (51,561)	$ (51,561)
Repurchase of common shares, shares	(2,872,000)	(2,872,000)
Ending Balance at Jan. 31, 2016	$ 256,140	$ 266,724		$ (10,584)
Balance, shares at Jan. 31, 2016	63,069,000	63,069,000

Accounting Policies

Accounting Policies	12 Months Ended
	Jan. 31, 2016
Accounting Policies [Abstract]
Accounting Policies	Note 1 — Accounting Policies Krispy Kreme Doughnuts, Inc. (“KKDI”) and its subsidiaries (collectively, the “Company”) are engaged in the sale of doughnuts and complementary products through Company-owned stores. We also license the Krispy Kreme business model and certain of our intellectual property to franchisees in the United States and over 25 other countries around the world, and derive revenue from franchise and development fees and royalties from those franchisees. Additionally, we sell doughnut mixes, other ingredients and supplies and doughnut-making equipment to franchisees. Significant Accounting Policies We prepare our financial statements in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The significant accounting policies followed by us in preparing the accompanying consolidated financial statements are as follows: BASIS OF CONSOLIDATION. The financial statements include the accounts of KKDI and its subsidiaries. Investments in entities over which we have the ability to exercise significant influence but which we do not control, and whose financial statements are not otherwise required to be consolidated, are accounted for using the equity method . CHANGE IN PRESENTATION. In the first quarter of fiscal 2016, we changed the presentation of the Consolidated Statement of Income and segment financial information. Pre-opening costs related to Company Stores; gains and losses on commodity derivatives, net and gain on refranchisings, net of business acquisition charges are now separate line items on the Consolidated Statement of Income and are no longer in the respective business segments' operating income in Note 2. Such changes were made to provide more clarity and visibility to our operations and to conform to new management reporting. We furnished a Current Report on Form 8-K on June 10, 2015 providing the Consolidated Statement of Income and segment financial information for the quarterly and annual periods in fiscal 2014 and fiscal 2015 conformed to the fiscal 2016 presentation. We have made no changes to our reportable segments. These presentation changes had no impact on our consolidated operating income or consolidated net income. REVENUE RECOGNITION. Revenue is recognized when there is a contract or other arrangement of sale ; the sales price is fixed or determinable ; title and the risks of ownership have been transferred to the customer ; and collection of the rec eivable is reasonably assured. A summary of the revenue recognition policies for our business segments is as follows: Company Stores revenue is derived from the sale of doughnuts and complementary products to on-premises and consumer packaged goods (“CPG”) customers. Revenue is recognized at the time of delivery for on-premises sales. For CPG sales, revenue is recognized either at the time of delivery, net of provisions for estimated product returns, or, with respect to those CPG customers that take title to products purchased from us at the time those products are sold by the CPG customer to consumers, simultaneously with such consumer purchases. Domestic and International Franchise revenue is derived from development and initial franchise fees relating to new store openings and ongoing royalties charged to franchisees based on their sales. Development and franchise fees are recognized when the store is opened, at which time we have performed substantially all of the initial services we are required to provide and we have determined that the earnings process is complete. Development fees are related to initial services such as training and assisting with store setup and are therefore deferred until store opening and recorded within current and noncurrent liabilities as deferred development fee revenue until that time (See Notes 10 and 12). Royalties are recognized in income as underlying franchisee sales occur unless there is significant uncertainty concerning the collectibility of such revenues, in which case royalty revenues are recognized when received. Revenues related to licensing certain Company-owned trademarks to domestic third parties other than franchisees are included in the Domestic Franchise segment. KK Supply Chain revenue is derived from the sale of doughnut mix, other ingredients and supplies and doughnut-making equipment. Revenues for the sale of doughnut mix and supplies are recognized upon delivery to the customer or, in the case of franchisees located outside North America, when the goods are loaded on the transport vessel at the U.S. port. Revenue for equipment sales and installation associated with new store openings is recognized at the store opening date. Revenue for equipment sales not associated with new store openings is recognized when the equipment is installed if we are responsible for the installation, and otherwise upon shipment of the equipment. FISCAL YEAR. Our fiscal year ends on the Sunday closest to January 31, which periodically results in a 53-week year. Fiscal 2016, 2015 and 2014 each contained 52 weeks . CASH AND CASH EQUIVALENTS. We consider cash on hand, demand deposits in banks and all highly liquid debt instruments with an original maturity of three months or less to be cash and cash equivalents. ALLOWANCE FOR DOUBTFUL ACCOUNTS. We maintain allowances for doubtful accounts related to our accounts receivable, including receivables from franchisees, in amounts which management believes are sufficient to provide for losses estimated to be sustained on realization of these receivables. Such estimates inherently involve uncertainties and assessments of the outcome of future events, and changes in facts and circumstances may result in adjustments to the allowance for doubtful accounts. INVENTORIES. Inventories are recorded at the lower of cost or market, with cost determined using the first-in, first-out method. PROPERTY AND EQUIPMENT. Depreciation of property and equipment is provided using the straight-line method over the assets' estimated useful lives, which are as follows: buildings — 5 35 3 15 3 10 5 20 REACQUIRED FRANCHISE RIGHTS. Franchise rights reacquired in connection with business combinations are valued based on the present value of the cash flows of the acquired business and are amortized on a straight-line basis from the acquisition date through the expiration date of the terminated franchise agreement. GOODWILL. Goodwill represents the excess of the purchase price over the value of identifiable net assets acquired in business combinations. Goodwill has an indefinite life and is not amortized, but is tested for impairment annually or more frequently if events or circumstances indicate the carrying amount of the asset may be impaired. Such impairment testing is performed for each reporting unit to which goodwill has been assigned. LEGAL COSTS. Legal costs associated with litigation and other loss contingencies are charged to expense as services are rendered. ASSET IMPAIRMENT. We assess asset groups for potential impairment whenever events or changes in circumstances indicate that their carrying amount may not be recoverable. The assessment is based upon a comparison of the carrying amount of the asset group, consisting primarily of property and equipment, to the estimated undiscounted cash flows expected to be generated from the asset group. To estimate cash flows, management projects the net cash flows anticipated from continuing operation of the asset group or store until its closing or abandonment as well as cash flows, if any, anticipated from disposal of the related assets. If the carrying amount of the assets exceeds the sum of the undiscounted cash flows, we record an impairment charge in an amount equal to the excess of the carrying value of the assets over their estimated fair value. EARNINGS PER SHARE. The computation of basic earnings per share is based on the weighted average number of common shares outstanding during the period. The computation of diluted earnings per share reflects the additional common shares that would have been outstanding if dilutive potential common shares had been issued, computed using the treasury stock method. Such potential common shares consist of shares issuable upon the exercise of stock options and the vesting of currently unvested shares of restricted stock units. The following table sets forth amounts used in the computation of basic and diluted earnings per share: Year Ended January 31, February 1, February 2, 2016 2015 2014 (In thousands) Numerator: net income $ 32,398 $ 30,060 $ 34,256 Denominator: Basic earnings per share - weighted average shares outstanding 65,221 66,360 67,261 Effect of dilutive securities: Stock options 1,435 2,037 2,998 Restricted stock units 251 532 795 Diluted earnings per share - weighted average shares outstanding plus dilutive potential common shares 66,907 68,929 71,054 Stock options with respect to 308,000 257,000 301,000 shares for fiscal 2016, 2015 and 2014 , respectively, as well as 285,000 and 57,000 unvested restricted stock units for fiscal 2016 and 2015, respectively, have been excluded from the computation of the number of shares used to compute diluted earnings per share because their inclusion would be antidilutive. There were no antidilutive unvested shares of restricted stock units in fiscal 2014 . SHARE-BASED COMPENSATION. We measure and recognize compensation expense for share-based payment awards by charging the fair value of each award at its grant date to earnings over the service period necessary for each award to vest . MARKETING AND BRAND PROMOTION. 10.3 9.8 8.2 CONCENTRATION OF CREDIT RISK. Financial instruments that subject us to credit risk consist principally of receivables from CPG customers and franchisees, guarantees of certain franchisee leases and, in prior years, guarantees of certain indebtedness of franchisees. CPG receivables are primarily from grocer/mass merchants and convenience stores. We maintain allowances for doubtful accounts which we believe are sufficient to provide for losses which may be sustained on realization of these receivables. In fiscal 2016, 2015 and 2014, no customer accounted for more than 10% of Company Stores segment revenues. The two largest CPG customers collectively accounted for approximately 15 %, 16 % and 17 % of Company Stores segment revenues in fiscal 2016, 2015 and 2014, respectively. The two CPG customers with the largest trade receivables balances collectively accounted for approximately 28 % and 24 % of total CPG customer receivables at January 31, 2016 and February 1, 2015, respectively . We also evaluate the recoverability of receivables from our franchisees and maintain allowances for doubtful accounts which management believes are sufficient to provide for losses which may be sustained on realization of these receivables. In addition, we evaluate the likelihood of potential payments by us under lease guarantees and record estimated liabilities for payments we consider probable. SELF-INSURANCE RISKS AND RECEIVABLES FROM INSURERS. We are subject to workers' compensation, vehicle and general liability claims. We are self-insured for the cost of all workers' compensation, vehicle and general liability claims up to the amount of stop-loss insurance coverage purchased by us from commercial insurance carriers. We maintain accruals for the estimated cost of claims, without regard to the effects of stop-loss coverage, using actuarial methods which evaluate known open and incurred but not reported claims and consider historical loss development experience. In addition, we record receivables from the insurance carriers for claims amounts estimated to be recovered under the stop-loss insurance policies when these amounts are estimable and probable of collection. We estimate such stop-loss receivables using the same actuarial methods used to establish the related claims accruals, and taking into account the amount of risk transferred to the carriers under the stop-loss policies. The stop-loss policies provide coverage for claims in excess of retained self-insurance risks, which are determined on a claim-by-claim basis . We recorded favorable adjustments to our self-insurance claims liabilities related to prior years of approximately $ 440,000 , $ 1.7 1.1 2016 , 2015 and 2014, respectively. Such adjustments represent changes in estimates of the ultimate cost of incurred claims. We provide health and medical benefits to eligible employees, and purchase stop-loss insurance from commercial insurance carriers which pays covered medical costs in excess of a specified annual amount incurred by each claimant. DERIVATIVE FINANCIAL INSTRUMENTS AND DERIVATIVE COMMODITY INSTRUMENTS. We reflect derivative financial instruments, which typically consist of interest rate derivatives and commodity futures contracts and options on such contracts, in the consolidated balance sheet at their fair value. The difference between the cost, if any, and the fair value of the interest rate derivatives is reflected in income unless the derivative instrument qualifies as a cash flow hedge and is effective in offsetting future cash flows of the underlying hedged item, in which case such amount is reflected in other comprehensive income. The difference between the cost, if any, and the fair value of commodity derivatives is reflected in earnings because we have not designated any of these instruments as cash flow hedges. USE OF ESTIMATES. The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results will differ from these estimates, and the differences could be material. Recent Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, “Leases”, which requires lessees to present right-of-use assets and lease liabilities on the balance sheet for all leases with terms longer than 12 months. The guidance is to be applied using a modified retrospective approach at the beginning of the earliest comparative period in the financial statements and is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. We are evaluating the impact that adoption of this guidance will have on our consolidated financial statements. In November 2015, the FASB issued ASU 2015-17, “Balance Sheet Classification of Deferred Taxes”, which eliminates the current requirement for companies to present deferred tax liabilities and assets as current and non-current in a classified balance sheet. Instead, companies will be required to classify all deferred tax assets and liabilities as non-current. This guidance is effective for annual and interim periods beginning after December 15, 2016 and early adoption is permitted. We adopted this accounting guidance retrospectively in the fourth quarter of fiscal 2016. The consolidated balance sheet at February 1, 2015 includes a reclassification of $ 23.2 In July 2015, the FASB issued ASU 2015-11, “Simplifying the Measurement of Inventory”, which changes guidance for subsequent measurement of inventory from the lower of cost or market to the lower of cost and net realizable value. This update is effective for annual and interim periods beginning after December 15, 2016 and early adoption is permitted. We do not expect the adoption of this guidance to have an impact on our consolidated financial statements. In April 2015, the FASB issued ASU 2015-03, “Simplifying the Presentation of Debt Issuance Costs.” This guidance requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. In August 2015, the FASB issued ASU 2015-15, “Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements.” This guidance states that given the absence of authoritative guidance within ASU 2015-03 for debt issuance costs related to the line-of-credit arrangements, the SEC staff would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the costs ratably over the term of the arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit. As all of our debt issuance costs are related to line-of-credit arrangements and are currently classified as assets, this update will not have any impact on our consolidated financial statements. In April 2015, the FASB issued ASU 2015-05, “ Customer's Accounting for Fees Paid in a Cloud Computing Arrangement”, which provides guidance about whether a cloud computing arrangement includes a software license. ASU 2015-05 is effective for annual and interim periods beginning after December 15, 2015. We do not expect the adoption of this guidance to have an impact on our consolidated financial statements. In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers”, to clarify the principles used to recognize revenue for all entities. This guidance was deferred by ASU 2015-14, issued by the FASB in August 2015, and is now effective for fiscal years beginning on or after December 15, 2017 including interim periods within those fiscal years. Early adoption is permitted as of the original effective date. We are evaluating the impact that adoption of this guidance will have on our consolidated financial statements.

Segment Information

Segment Information	12 Months Ended
	Jan. 31, 2016
Segment Information [Abstract]
Segment Information	Note 2 — Segment Information Our operating and reportable segments are Company Stores, Domestic Franchise, International Franchise and KK Supply Chain. The Company Stores segment is comprised of the stores owned and operated by us. The Domestic Franchise and International Franchise segments consist of our franchise operations. Krispy Kreme The majority of the ingredients and materials used by Company Stores are purchased from the KK Supply Chain segment, which supplies doughnut mix, other ingredients and supplies and doughnut making equipment to both Company and franchisee-owned stores. The following table presents the results of operations of our operating and reportable segments for fiscal 2016, 2015 and 2014. Year Ended January 31, February 1, February 2, 2016 2015 2014 (In thousands) Revenues: Company Stores $ 349,495 $ 325,306 $ 306,825 Domestic Franchise 15,498 13,450 11,839 International Franchise 27,736 28,598 25,607 KK Supply Chain: Total revenues 254,540 244,688 231,229 Less – intersegment sales elimination (128,555 ) (121,708 ) (115,169 ) External KK Supply Chain revenues 125,985 122,980 116,060 Total revenues $ 518,714 $ 490,334 $ 460,331 Operating income: Company Stores $ 15,500 $ 12,222 $ 11,021 Domestic Franchise 9,724 8,065 6,416 International Franchise 20,354 20,026 17,977 KK Supply Chain 44,841 42,726 38,412 Total segment operating income 90,419 83,039 73,826 General and administrative expenses (27,646 ) (28,558 ) (25,149 ) Corporate depreciation and amortization expense (2,385 ) (1,489 ) (1,254 ) Impairment charges and lease termination costs (4,723 ) (955 ) (1,374 ) Pre-opening costs related to Company Stores (2,667 ) (2,530 ) (563 ) Gains and (losses) on commodity derivatives, net (900 ) (2,124 ) (1,459 ) Gain on refranchisings, net of business acquisition charges - 854 2,543 Consolidated operating income $ 52,098 $ 48,237 $ 46,570 Depreciation and amortization expense: Company Stores $ 12,736 $ 10,534 $ 9,039 Domestic Franchise 65 135 119 International Franchise - 5 7 KK Supply Chain 1,013 677 687 Corporate 2,385 1,489 1,254 Total depreciation and amortization expense $ 16,199 $ 12,840 $ 11,106 Segment information for total assets and capital expenditures is not presented as such information is not used in measuring segment performance or allocating resources among segments. Revenues for fiscal 2016, 2015 and 2014 include approximately $ 49 52 48

Receivables

Receivables	12 Months Ended
	Jan. 31, 2016
Receivables [Abstract]
Receivables	Note 3 — Receivables The components of receivables are as follows: January 31, February 1, 2016 2015 (In thousands) Receivables: Consumer packaged goods - wholesale customers $ 10,808 $ 9,557 Unaffiliated franchisees 13,233 12,743 Due from third-party distributors 2,440 4,075 Other receivables 667 867 Current portion of notes receivable 1,224 1,052 28,372 28,294 Less — allowance for doubtful accounts: Consumer packaged goods - wholesale customers (180 ) (204 ) Unaffiliated franchisees (104 ) (291 ) (284 ) (495 ) $ 28,088 $ 27,799 Receivables from equity method franchisees (Note 7): Trade $ 338 $ 782 The changes in the allowances for doubtful accounts are summarized as follows: Year Ended January 31, February 1, February 2, 2016 2015 2014 (In thousands) Allowance for doubtful accounts related to receivables: Balance at beginning of year $ 495 $ 241 $ 615 Provision for doubtful accounts (179 ) 202 (275 ) Net recoveries (chargeoffs) (32 ) 52 (99 ) Balance at end of year $ 284 $ 495 $ 241 See Note 9 for information about notes receivable from franchisees.

Inventories

Inventories	12 Months Ended
	Jan. 31, 2016
Inventories [Abstract]
Inventories	Note 4 — Inventories The components of inventories are as follows: January 31, February 1, 2016 2015 (In thousands) Raw materials $ 6,844 $ 6,779 Work in progress 126 115 Finished goods and purchased merchandise 9,342 11,300 $ 16,312 $ 18,194

Other Current Assets

Other Current Assets	12 Months Ended
	Jan. 31, 2016
Other Current Assets [Abstract]
Other Current Assets	Note 5 — Other Current Assets Other current assets consist of the following: January 31, February 1, 2016 2015 (In thousands) Current portion of claims against insurance carriers related to self-insurance programs (Notes 1, 9, 10 and 12) $ 747 $ 1,012 Margin deposits in derivative brokerage accounts 100 2,744 Prepaid expenses and other 2,772 3,100 $ 3,619 $ 6,856 The margin deposits account decreased $ 2.6

Property and Equipment

Property and Equipment	12 Months Ended
	Jan. 31, 2016
Property and Equipment [Abstract]
Property and Equipment	Note 6 — Property and Equipment Property and equipment consists of the following: January 31, February 1, 2016 2015 (In thousands) Land $ 13,075 $ 13,512 Buildings 99,405 86,337 Leasehold improvements 14,064 15,200 Machinery and equipment 73,840 65,596 Computer software 16,334 7,911 Construction and projects in progress 4,703 12,295 221,421 200,851 Less: accumulated depreciation (93,712 ) (85,093 ) $ 127,709 $ 115,758 Machinery and equipment acquired under capital leases had a net book value of $ 564,000 839,000 1.7 1.8 respectively. 8.1 5.7 15.5 12.4 11.0 As a result of the implementation of an enterprise resource planning (“ERP”) software solution that included a new general ledger and accounting system during the first quarter of fiscal 2016, a significant amount of assets included in construction and projects in progress in fiscal 2015 was moved into computer software in fiscal 2016.

Investments in Franchisees

Investments in Franchisees	12 Months Ended
	Jan. 31, 2016
Investments in Franchisees [Abstract]
Investment in Franchisees	Note 7 — Investments in Franchisees As of January 31, 2016, we had an ownership interest in two : Number of Stores as of January 31, Ownership% Geographic Market 2016 Company Third Parties Kremeworks, LLC Alaska, Hawaii, Oregon, Washington 9 25.0 % 75.0 % Kremeworks Canada, LP Western Canada 1 24.5 % 75.5 % Our financial exposures related to franchisees in which we have an investment are summarized in the tables below. January 31, 2016 Investments and Advances Receivables (In thousands) Kremeworks, LLC $ 900 $ 300 Kremeworks Canada, LP 667 38 1,567 338 Less: reserves and allowances (1,567 ) - $ - $ 338 February 1, 2015 Investments and Advances Receivables (In thousands) Kremeworks, LLC $ 900 $ 353 Kremeworks Canada, LP 667 30 Krispy Kreme of South Florida, LLC - 399 1,567 782 Less: reserves and allowances (1,567 ) - $ - $ 782 The carrying values of our investments and advances in Kremeworks, LLC (“Kremeworks”) and Kremeworks Canada, LP (“Kremeworks Canada”) were zero 370,000 390,000 We recorded an accrual of $ 1.6 1.6 In December 2011, we, KKSF and KKSF's majority owner entered into a restructuring agreement pursuant to which KKSF was to pay to us past due amounts totaling approximately $ 825,000 180,000 On January 14, 2016, we conveyed our membership interest in KKSF to the majority owner of KKSF upon receipt of payment of approximately $ 810,000

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Jan. 31, 2016
Goodwill and Other Intangible Assets [Abstract]
Goodwill and Other Intangible Assets	Note 8 — Goodwill and Other Intangible Assets Goodwill and other intangible assets consist of the following: January 31, February 1, 2016 2015 (In thousands) Goodwill: International Franchise segment $ 15,664 $ 15,664 Domestic Franchise segment 7,832 7,832 Company Stores segment (Note 21) 2,594 2,594 Reacquired franchise rights associated with Company Stores segment, net of accumulated amortization of 1.3 at January 31, 2016 and $ 556,000 4,895 3,980 $ 30,985 $ 30,070 The goodwill and reacquired franchise rights associated with the Company Stores segment in the preceding table are net of accumulated impairment losses totaling $ 139.4 1.9 The changes in reacquired franchise rights are as follows : January 31, February 1, 2016 2015 (In thousands) Balance at beginning of year $ 3,980 $ 601 Acquisition of stores and franchise rights from franchisees (Note 21) 1,702 3,853 Amortization expense (747 ) (474 ) Impairment of reacquired franchise rights related to the Company Stores segment (Note 15) (40 ) - Balance at end of year $ 4,895 $ 3,980 We have acquired the assets and operations and franchise rights to develop certain CPG channels of trade from certain of our franchisees as described in Note 21. The allocation of the purchase prices included amounts allocated to reacquired franchise rights, which are being amortized over the terms of the reacquired franchise agreements. Estimated amortization expense is expected to be approximately $ 1.0 250,000 5

Other Assets

Other Assets	12 Months Ended
	Jan. 31, 2016
Other Assets [Abstract]
Other Assets	Note 9 — Other Assets The components of other assets are as follows: January 31, February 1, 2016 2015 (In thousands) Non-current portion of notes receivable $ 3,605 $ 3,482 Non-current portion of claims against insurance carriers related to self-insurance programs (Notes 1, 5, 10 and 12) 2,998 3,290 401(k) mirror plan assets (Notes 12 and 18) 2,158 2,496 Deposits 695 734 Deferred financing costs, net of accumulated amortization 262 370 Other 447 388 $ 10,165 $ 10,760 We have notes receivable from certain of our franchisees which are summarized in the following table. As of January 31, 2016 and February 1, 2015, substantially all of the notes receivable were being paid in accordance with their terms. January 31, February 1, 2016 2015 (In thousands) Notes receivable: Note receivable from franchisees $ 4,829 $ 4,534 Less — portion due within one year included in receivables (Note 3) (1,224 ) (1,052 ) $ 3,605 $ 3,482 Notes receivable at January 31, 2016 and February 1, 2015, consist principally of amounts payable to us related to sales of equipment, to the sale of certain leasehold interests, and to a refranchising transaction. In addition to the foregoing notes receivable, we had promissory notes totaling approximately $ 1.2 1.9 700,000 900,000 Finally, we had a promissory note receivable from KKSF totaling approximately $ 1.0 1.6 500,000 1.0 550,000

Accrued Liabilities

Accrued Liabilities	12 Months Ended
	Jan. 31, 2016
Accrued Liabilities [Abstract]
Accrued Liabilities	Note 10 — Accrued Liabilities The components of accrued liabilities are as follows: January 31, February 1, 2016 2015 (In thousands) Accrued compensation $ 6,464 $ 10,533 Accrued vacation pay 6,074 5,732 Current portion of self-insurance claims, principally worker's compensation (Notes 1, 5, 9, and 12) 3,660 3,773 Accrued taxes, other than income 2,240 2,541 Accrued health care claims 1,284 1,330 Franchisee equipment deposits and deferred revenue 3,570 1,017 Gasoline commodity futures contracts - 937 Accrued guarantee liabilities (Note 13) 844 906 Current portion of deferred development fee revenue (Note 12) 980 906 Agricultural commodity futures contracts - 874 Other 4,517 3,981 $ 29,633 $ 32,530 The changes in the assets and liabilities associated with self-insurance programs are summarized as follows: Year Ended January 31, February 1, February 2, 2016 2015 2014 (In thousands) Accrual for self-insurance programs, net of receivables from stop-loss policies: Balance at beginning of year $ 7,568 $ 8,047 $ 8,455 Additions charged to costs and expenses 3,828 2,600 3,436 Claims payments (3,390 ) (3,079 ) (3,844 ) Balance at end of year $ 8,006 $ 7,568 $ 8,047 Accrual reflected in: Accrued liabilities $ 3,660 $ 3,773 $ 3,765 Other long-term obligations and deferred credits 8,091 8,097 8,382 Claims receivable under stop-loss insurance policies included in: Other current assets (747 ) (1,012 ) (893 ) Other assets (2,998 ) (3,290 ) (3,207 ) $ 8,006 $ 7,568 $ 8,047

Credit Facilities and Lease Obl

Credit Facilities and Lease Obligations	12 Months Ended
	Jan. 31, 2016
Credit Facilities and Lease Obligations [Abstract]
Credit Facilities and Lease Obligations	Note 11 — Credit Facilities and Lease Obligations Lease obligations consist of the following: January 31, February 1, 2016 2015 (In thousands) Capital lease obligations $ 2,709 $ 2,940 Financing obligations 8,834 6,747 11,543 9,687 Less: current portion (326 ) (333 ) $ 11,217 $ 9,354 2013 Revolving Credit Facility On July 12, 2013, we entered into a $ 40 million revolving secured credit facility (the “2013 Facility”) which matures in July 2018. The 2013 Facility is secured by a first lien on substantially all of our personal property assets and certain of our domestic subsidiaries. No borrowings were made on the 2013 Facility on the closing date, and we repaid the $ 21.7 million remaining balance of the 2011 Term Loan and terminated the 2011 Secured Credit Facilities described below. We recorded a pretax charge of approximately $ 967,000 in the second quarter of fiscal 2014 to write off the unamortized deferred debt issuance costs related to the terminated facility and to reflect the termination of a related interest rate hedge described below. Interest on borrowings under the 2013 Facility is payable either at LIBOR or the Base Rate (which is the greatest of the prime rate, the Fed funds rate plus 0.50 %, or the one-month LIBOR rate plus 1.00 % ), in each case plus the Applicable Percentage. The Applicable Percentage for LIBOR loans ranges from 1.25 % to 2.15 %, and for Base Rate loans ranges from 0.25 % to 1.15 %, in each case depending on our leverage ratio. As of January 31, 2016, the Applicable Percentage was 1.25 %. The 2013 Facility contains provisions which permit us to obtain letters of credit, issuance of which constitutes usage of the lending commitments and reduces the amount available for cash borrowings. At January 31, 2016, we had approximately $ 10.2 million of letters of credit outstanding, substantially all of which secure our reimbursement obligations to insurers under our self-insurance programs. We are required to pay a fee equal to the Applicable Percentage for LIBOR-based loans on the outstanding amount of letters of credit. There also is a fee on the unused portion of the 2013 Facility lending commitment, ranging from 0.15 % to 0.35 %, depending on our leverage ratio. As of January 31, 2016, the fee on the unused portion of the 2013 Facility was 0.15 The 2013 Facility requires us to meet certain financial tests, including a maximum leverage ratio and a minimum fixed charge coverage ratio. The leverage ratio is required to be not greater than 2.25 to 1.0 and the fixed charge coverage ratio is required to be not less than 1.3 to 1.0. As of January 31, 2016, our leverage ratio was 0.3 to 1.0 and the fixed charge coverage ratio was 3.7 to 1.0. The operation of the restrictive financial covenants related to the 2013 Facility may limit the amount we may borrow under the 2013 Facility. The restrictive covenants did not limit our ability to borrow the full $ 29.8 million of unused credit under the 2013 Facility as of January 31, 2016. The 2013 Facility also contains covenants which, among other things, generally limit (with certain exceptions): liquidations, mergers, and consolidations; the incurrence of additional indebtedness (including guarantees); the incurrence of additional liens; the sale, assignment, lease, conveyance or transfer of assets; certain investments; dividends and stock redemptions or repurchases in excess of certain amounts; transactions with affiliates; engaging in materially different lines of business; certain sale-leaseback transactions; and other activities customarily restricted in such agreements. The 2013 Facility also prohibits the transfer of cash or other assets to the Parent Company, whether by dividend, loan or otherwise, but provides for exceptions to enable the Parent Company to pay taxes, directors' fees and operating expenses, as well as exceptions to permit dividends in respect of our common stock and stock redemptions and repurchases, to the extent permitted by the 2013 Facility. The 2013 Facility also contains customary events of default including, without limitation, payment defaults, breaches of representations and warranties, covenant defaults, cross-defaults to other indebtedness in excess of $ 5 million, certain events of bankruptcy and insolvency, judgment defaults in excess of $ 5 million and the occurrence of a change of control. Borrowings and issuances of letters of credit under the 2013 Facility are subject to the satisfaction of usual and customary conditions, including the accuracy of representations and warranties and the absence of defaults. 2011 Secured Credit Facilities On January 28, 2011, we entered into secured credit facilities (the “2011 Secured Credit Facilities”), consisting of a $ 25 million revolving credit line (the “2011 Revolver”) and a $ 35 million term loan (the “2011 Term Loan”), each of which were scheduled to mature in January 2016. The 2011 Secured Credit Facilities were secured by a first lien on substantially all of our assets and those of our domestic subsidiaries. On July 12, 2013, the 2011 Term Loan was paid in full and the 2011 Secured Credit Facilities were terminated. On March 3, 2011, we entered into an interest rate derivative contract having an aggregate notional principal amount of $ 17.5 million. The derivative contract entitled us to receive from the counterparty the excess, if any, of the three-month LIBOR rate over 3.00 % for each of the calendar quarters in the period beginning April 2012 and ending December 2015. We accounted for this derivative contract as a cash flow hedge. The contract was terminated in July 2013 following the retirement in full of the 2011 Term Loan. In the second quarter of fiscal 2014, the $ 516,000 unrealized loss on the contract previously included in Accumulated Other Comprehensive Income was reclassified to earnings in the consolidated statement of income because the hedged forecasted transaction (interest on the 2011 Term Loan) would not occur. Lease Obligations We acquire equipment and facilities under capital and operating leases and build-to-suit arrangements. The approximate future minimum lease payments under non-cancelable leases and build-to-suit leasing arrangements as of January 31, 2016 are set forth in the following table: Operating Capital Financing Fiscal Year Leases Leases Obligations (In thousands) 2017 $ 15,914 $ 814 $ 990 2018 15,162 684 990 2019 12,809 507 990 2020 8,000 439 1,007 2021 7,783 434 1,092 Thereafter 114,365 6,048 17,413 $ 174,033 8,926 22,482 Portion representing interest (6,058 ) (17,511 ) Portion representing executory costs (159 ) - Unamortized balance of financing obligations at end of lease term - 3,863 Total capital lease and financing obligations $ 2,709 $ 8,834 15.9 13.4 12.3 Cash Payments of Interest 1.5 750,000 940,000

Other Long Term Obligations and

Other Long Term Obligations and Deferred Credits	12 Months Ended
	Jan. 31, 2016
Other Long-Term Obligations and Deferred Credits [Abstract]
Other Long-Term Obligations and Deferred Credits	Note 12 — Other Long-Term Obligations and Deferred Credits The components of other long-term obligations and deferred credits are as follows: January 31, February 1, 2016 2015 (In thousands) Non-current portion of self-insurance claims, principally worker's compensation (Notes 1, 5, 9 and 10) $ 8,091 $ 8,097 Accrued rent expense 6,924 6,571 Non-current portion of deferred development fee revenue (Note 10) 5,280 4,877 401(k) mirror plan liability (Notes 9 and 18) 2,158 2,496 Landlord upfit allowances on leased premises 2,176 2,445 Other 1,170 1,129 $ 25,799 $ 25,615

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Jan. 31, 2016
Commitments and Contingencies [Abstract]
Commitments and Contingencies	Note 13 — Commitments and Contingencies Except as disclosed below, we currently are not a party to any material legal proceedings. Pending Litigation K 2 On April 7, 2009, a Cayman Islands corporation, K 2 Other Legal Matters We also are engaged in various legal proceedings arising in the normal course of business. Other Commitments and Contingencies We have guaranteed certain franchisee lease obligations, usually in connection with subleasing or assigning leases in connection with refranchising transactions. The aggregate liability recorded for such obligations was $ 844,000 Our primary bank had issued letters of credit on our behalf totaling $ 10.2 We are exposed to the effects of commodity price fluctuations on the cost of ingredients for our products, of which flour, shortening and sugar are the most significant. In order to secure adequate supplies of products and bring greater stability to the cost of ingredients, we routinely enter into forward purchase contracts with suppliers under which we commit to purchase agreed-upon quantities of ingredients at agreed-upon prices at specified future dates. Typically, the aggregate outstanding purchase commitment at any point in time will range from one month's to several years' anticipated ingredients purchases, depending on the ingredient. In addition, from time to time we enter into contracts for the future delivery of equipment purchased for resale and components of doughnut-making equipment manufactured by us. As of January 31, 2016, we had approximately $ 57 In addition to entering into forward purchase contracts, we from time to time purchase exchange-traded commodity futures contracts or options on such contracts for raw materials which are ingredients of our products or which are components of such ingredients, including wheat and soybean oil. We typically assign the futures contract to a supplier in connection with entering into a forward purchase contract for the related ingredient. We may also purchase futures, options on futures or enter into other contracts to hedge our exposure to rising gasoline prices. See Note 20 for additional information about these derivatives.

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Jan. 31, 2016
Stockholders' Equity [Abstract]
Shareholders' Equity	Note 14 — Shareholders' Equity Share-Based Compensation for Employees and Directors Our shareholders have approved the Krispy Kreme Doughnuts, Inc. 2012 Stock Incentive Plan (the “2012 Plan”), which provides for the grant of incentive stock options, non-qualified stock options, restricted stock awards, restricted stock units, stock awards, performance unit awards, performance share awards, stock appreciation rights and phantom stock awards. The 2012 Plan provides for the issuance of approximately 5.1 3.4 one one thirty three 1.33 one We measure and recognize compensation expense for share-based payment (“SBP”) awards based on their fair values. The fair value of SBP awards for which employees and directors render the requisite service necessary for the award to vest is recognized over the related vesting period. The fair value of SBP awards which vest in increments and for which vesting is subject solely to service conditions is charged to expense on a straight-line basis over the aggregate vesting period of each award, which generally is four The aggregate cost of SBP awards charged to earnings for fiscal 2016, 2015 and 2014 is set forth in the following table. We did not realize any excess tax benefits from the exercise of stock options or the vesting of restricted stock units during any of the periods. Year Ended January 31, February 1, February 2, 2016 2015 2014 (In thousands) Costs charged to earnings related to: Stock options $ 637 $ 1,209 $ 1,865 Restricted stock units 4,947 3,257 4,587 Total costs $ 5,584 $ 4,466 $ 6,452 Costs included in: Direct operating expenses $ 2,146 $ 2,145 $ 2,487 General and administrative expenses 3,438 2,321 3,965 Total costs $ 5,584 $ 4,466 $ 6,452 The fair value of stock options was estimated using the Black-Scholes option pricing model. Options granted generally have contractual terms of 10 Year Ended January 31, February 1, February 2, 2016 2015 2014 Expected life of option 7.0 7.0 7.0 Risk-free interest rate 1.68 % 2.14 % 2.19 % Expected volatility of stock 60.0 % 65.0 % 65.0 % Expected dividend yield 0.0 % 0.0 % 0.0 % The expected life of stock options valued using the Black-Scholes option pricing model is estimated by reference to historical experience and any relevant characteristics of the option. The risk-free rate of interest is based on the yield of a zero-coupon U.S. Treasury bond on the date the award is granted having a maturity approximately equal to the expected term of the award. Expected volatility is estimated based upon the historical volatility of our common shares. We use historical employee turnover data to estimate forfeitures of awards prior to vesting. The number of options granted and the aggregate and weighted average fair value of such options were as follows: Year Ended January 31, February 1, February 2, 2016 2015 2014 Weighted average fair value per share of options granted $ 12.49 $ 12.07 11.17 Total number of options granted 68,900 88,300 251,000 Total fair value of all options granted $ 860,300 $ 1,065,200 2,804,800 The following table summarizes stock option transactions for fiscal 2016, 2015 and 2014. Weighted Average Weighted Average Aggregate Remaining Shares Subject Exercise Price Per Intrinsic Contractual to Option Share Value Term (Dollars in thousands, except per share amounts) Outstanding at February 3, 2013 5,206,500 $ 8.15 $ 36,388 5.8 Granted 251,000 $ 17.47 Exercised (459,500 ) $ 5.25 $ 5,324 Expired (391,000 ) $ 38.66 Forfeited - $ - Outstanding at February 2, 2014 4,607,000 $ 6.27 $ 51,044 5.7 Granted 88,300 $ 18.88 Exercised (1,929,600 ) $ 5.32 $ 25,515 Expired (129,800 ) $ 18.15 Forfeited (90,700 ) $ 8.66 Outstanding at February 1, 2015 2,545,200 $ 6.75 $ 32,382 5.6 Granted 68,900 $ 20.91 Exercised (349,200 ) $ 5.53 $ 3,791 Expired (3,900 ) $ 17.47 Forfeited (165,300 ) $ 14.66 Outstanding at January 31, 2016 2,095,700 $ 6.77 $ 17,605 4.1 Exercisable at January 31, 2016 1,969,600 $ 5.95 $ 17,605 3.8 Additional information regarding stock options outstanding as of January 31, 2016 is as follows: Options Outstanding Options Exercisable Weighted Average Remaining Contractual Life Weighted Average Weighted Average Range of Exercise Prices Shares (Years) Exercise Price Shares Exercise Price $ 1.40 - $ 3.08 869,600 2.7 $ 2.65 869,600 $ 2.65 $ 6.39 - $ 9.71 952,800 4.3 $ 7.14 952,800 $ 7.14 $ 17.47 - $ 20.91 273,300 7.5 $ 18.58 147,200 $ 17.68 Weighted Average Grant Unvested Date Fair Shares Value Unvested at February 3, 2013 1,238,200 $ 8.65 Granted 300,200 $ 18.14 Vested (509,900 ) $ 8.46 Forfeited (52,600 ) $ 7.38 Unvested at February 2, 2014 975,900 $ 11.73 Granted 129,700 $ 19.13 Vested (480,700 ) $ 11.45 Forfeited (80,300 ) $ 12.35 Unvested at February 1, 2015 544,600 $ 13.65 Granted 375,500 $ 20.38 Vested (327,800 ) $ 13.78 Forfeited (80,700 ) $ 15.67 Unvested at January 31, 2016 511,600 $ 18.19 The total fair value as of the grant date of the restricted stock unit awards vesting during fiscal 2016, 2015 and 2014 was $ 4.5 5.5 4.3 As of January 31, 2016, the total unrecognized compensation cost related to SBP awards was approximately $ 7.4 three four 1.4 At January 31, 2016, there were approximately 6.0 Repurchases of Common Shares In fiscal 2014, our Board of Directors authorized the repurchase of up to $ 50 155 6,197,099 18.00 111.6 43.4 155 100.0 255.0 143.4 During each of the last three fiscal years, we permitted holders of restricted stock awards to satisfy their obligations to reimburse us for the minimum required statutory withholding taxes arising from the vesting of such awards by surrendering vested common shares in lieu of reimbursing us in cash. The aggregate fair value of common stock surrendered related to the vesting of restricted stock awards was $ 1.6 2.8 2.6 The following table summarizes repurchases of common stock for fiscal 2016, 2015 and 2014: Year Ended January 31, February 1, February 2, 2016 2015 2014 Common Common Common Shares Stock Shares Stock Shares Stock (In thousands) Shares repurchased under share repurchase authorizations 2,775 $ 50,000 2,237 $ 39,225 1,185 $ 22,342 Shares surrendered in reimbursement for withholding taxes 97 1,561 153 2,811 136 2,560 2,872 $ 51,561 2,390 $ 42,036 1,321 $ 24,902

Impairment Charges and Lease Te

Impairment Charges and Lease Termination Costs	12 Months Ended
	Jan. 31, 2016
Impairment Charges and Lease Termination Costs [Abstract]
Impairment Charges and Lease Termination Costs	Note 15 — Impairment Charges and Lease Termination Costs The components of impairment charges and lease termination costs are as follows: Year Ended January 31, February 1, February 2, 2016 2015 2014 (In thousands) Impairment charges: Impairment of long-lived assets - current period charges $ 4,886 $ 901 $ - Impairment of reacquired franchise rights 40 - - Total impairment charges 4,926 901 - Lease termination costs: Provision for termination costs 352 56 1,374 Less - reversal of previously recorded accrued rent expense (555 ) (2 ) - Total lease termination costs (203 54 1,374 Total impairment charges and lease termination costs $ 4,723 $ 955 $ 1,374 We test long-lived assets for impairment when events or changes in circumstances indicate that their carrying value may not be recoverable. 4.9 901,000 Lease termination costs represent the estimated fair value of liabilities related to unexpired leases, after reduction by the amount of accrued rent expense, if any, related to the leases, and are recorded when the lease contracts are terminated or, if earlier, the date on which we cease use of the leased property. In November 2013, the Fairfax County, Virginia court entered a judgment against us in our dispute with the landlord of our former commissary in Lorton, Virginia. Following entry of the judgment, we recorded an additional lease termination charge of approximately $ 1.4 million related to the matter, and in the fourth quarter of fiscal 2014 settled with the landlord on all issues in exchange for a payment by us of $ 1.8 million. The transactions reflected in the accrual for lease termination costs are summarized as follows: Year Ended January 31, February 1, February 2, 2016 2015 2014 (In thousands) Balance at beginning of year $ 116 $ 178 $ 646 Provision for lease termination costs: Provisions associated with store closings, net of estimated sublease rentals 313 44 - Adjustments to previously recorded provisions resulting from settlements with lessors and adjustments of previous estimates 30 (5 ) 1,351 Accretion of discount 9 17 23 Total provision 352 56 1,374 Payments on unexpired leases, including settlements with lessors (190 ) (118 ) (1,842 ) Balance at end of year $ 278 $ 116 $ 178 Accrued lease termination costs are included in the consolidated balance sheet as follows: Accrued liabilities $ 278 $ 94 $ 74 Other long-term obligations and deferred credits - 22 104 $ 278 $ 116 $ 178

Income Taxes

Income Taxes	12 Months Ended
	Jan. 31, 2016
Income Taxes [Abstract]
Income Taxes	Note 16 — Income Taxes The components of the provision for income taxes are as follows: Year Ended January 31, February 1, February 2, 2016 2015 2014 (In thousands) Current $ 2,786 $ 2,427 $ 2,790 Deferred 16,650 15,729 8,014 $ 19,436 $ 18,156 $ 10,804 A reconciliation of the tax provision computed at the statutory federal income tax rate and our provision for income taxes follows: Year Ended January 31, February 1, February 2, 2016 2015 2014 (In thousands) Income taxes at statutory federal rate $ 18,142 $ 16,875 $ 15,771 State income taxes, net of federal income tax benefit 1,139 1,662 1,902 Reversal of valuation allowance on deferred income tax assets (817 ) (150 ) (4,306 ) Benefit of foreign tax credits in excess of benefit previously recorded (910 ) - (4,481 ) Foreign taxes, principally withholding taxes 2,625 2,457 2,309 Credit for foreign income taxes (2,625 ) (2,457 ) (2,309 ) Other changes in tax credit carryforwards (27 ) - 118 Accruals for uncertain tax positions 40 - 359 Accruals for interest and penalties 66 15 3 Changes in estimated future blended state income tax rate 1,408 73 717 Other 395 (319 ) 721 $ 19,436 $ 18,156 $ 10,804 We establish valuation allowances for deferred income tax assets in accordance with GAAP, which provides that such valuation allowances shall be established unless realization of the income tax benefits is more likely than not. In the fourth quarter of fiscal 2016, after considering all relevant factors and objectively verifiable evidence having an impact on the likelihood of future realization of our deferred tax assets, we concluded that it was more likely than not that state income tax NOL carryovers deferred tax assets would be realized in future years in excess of amounts previously estimated. 45 56.3 817,000 267,000 1,084,000 Also in the fourth quarter of fiscal 2016, we concluded that foreign tax credit carryovers related to certain tax years, which we previously forecasted would be deducted from future taxable income, rather than being taken as a credit against future income taxes payable would ultimately be taken as a credit rather than as a deduction. 910,000 The aggregate credit to income tax expense in the fourth quarter of fiscal 2016 from the reduction in our estimate of the necessary valuation allowance at January 31, 2016, and the increase in the aggregate amount of tax benefits expected to be realized from the foreign tax credit carryovers, was $ 1.7 In fiscal 2014, as a result of an increase in our estimate of the amount of annual pretax income to be earned in future periods, we concluded that it was more likely than not that deferred tax assets would be realized in future years in excess of amounts previously estimated. 4.3 4.5 As of January 31, 2016 and February 1, 2015, we had approximately $ 2.9 5.2 In the second quarter of fiscal 2016, the North Carolina state legislature announced it had surpassed its revenue estimates and these increased tax revenues triggered an automatic reduction to the state corporate income tax rate, which caused us to revalue our deferred income tax assets to reflect the lower corporate income tax rate. 467,000 cause a portion of the deferred tax assets were already subject to a valuation allowance, the revaluation of the assets resulted in a reduction in the necessary valuation allowance of approximately $ 63,000 467,000 We recognize deferred income tax assets and liabilities based upon our expectation of the future tax consequences of temporary differences between the income tax and financial reporting bases of assets and liabilities. The tax effects of temporary differences are as follows: January 31, February 1, 2016 2015 (In thousands) Deferred income tax assets: Goodwill and reacquired franchise rights $ - $ 1,325 Other intangible assets 1,463 1,505 Allowance for doubtful accounts 108 191 Other current assets 1,444 1,124 Property and equipment 5,997 6,202 Other non-current assets 1,600 2,777 Self-insurance accruals 3,545 3,434 Deferred revenue 3,425 2,608 Accrued compensation 3,932 5,154 Other current liabilities 911 998 Other non-current liabilities 3,505 3,488 Share-based compensation 8,375 8,489 Federal net operating loss carryforwards 19,619 34,709 Federal tax credit carryforwards 16,680 12,642 State net operating loss and credit carryforwards 6,788 8,938 Other 554 505 Gross deferred income tax assets 77,946 94,089 Valuation allowance on deferred income tax assets (1,419 ) (2,566 ) Deferred income tax assets, net of valuation allowance 76,527 91,523 Deferred income tax liabilities - goodwill and reacquired franchise rights (1,653 ) - Net deferred income tax assets $ 74,874 $ 91,523 The changes in the valuation allowance on deferred income tax assets are summarized as follows: Year Ended January 31, February 1, February 3, 2016 2015 2014 (In thousands) Valuation allowance on deferred tax assets: Balance at beginning of year $ 2,566 $ 2,675 $ 9,767 Reversal of valuation allowance credited to earnings (817 ) (150 ) (4,306 ) Reduction of valuation allowance due to state NOL deferred tax assets expirations not affecting earnings (267 ) - - Reclassification of valuation allowance against deferred tax assets not affecting earnings - - (2,472 ) Reduction in valuation allowance related to enacted change in North Carolina statutory income tax rate (63 ) - (314 ) Other - 41 - Balance at end of year $ 1,419 $ 2,566 $ 2,675 The valuation allowances of $ 1.4 2.6 Realization of net deferred tax assets generally is dependent on generation of taxable income in future periods. We have approximately $ 60 2027 2031 64 24 2017 2035 16.7 2020 2036 We are subject to U.S. federal income tax, as well as income tax in multiple U.S. state and local jurisdictions and a limited number of foreign jurisdictions. Income tax payments, net of refunds, were $ 2.6 million, $ 2.5 million and $ 2.5 x payments in all three fiscal years were comprised largely of foreign withholding taxes on amounts received from foreign franchisees. The following table presents a reconciliation of the beginning and ending amounts of unrecognized tax benefits: Year Ended January 31, February 1, February 2, 2016 2015 2014 (In thousands) Unrecognized tax benefits at beginning of year $ 1,965 $ 1,952 $ 1,327 Increases related to positions taken in the current year 70 108 105 Increases (decreases) related to positions taken in prior years 22 (21 ) 702 Lapsing of statutes of limitations (76 ) (74 ) (182 ) Unrecognized tax benefits at end of year $ 1,981 $ 1,965 $ 1,952 Approximately all of the aggregate $ 2.0 We do not expect any material change in fiscal 2017 in the amount of unrecognized tax benefits. Our policy is to recognize interest and penalties related to income tax issues as components of income tax expense. Our balance sheet reflects approximately $ 379,000 and $ 313,000 66,000 15,000

Related Party Transactions

Related Party Transactions	12 Months Ended
	Jan. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions	Note 17 — Related Party Transactions All franchisees are required to purchase doughnut mix and production equipment from KK Supply Chain. Revenues include $ 9.8 9.5 9.4 1.4 .

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Jan. 31, 2016
Employee Benefit Plans [Abstract]
Employee Benefit Plans	Note 18 — Employee Benefit Plans We have a 401(k) savings plan (the “401(k) Plan”) to which eligible employees may contribute up to 100 50 6 1.0 910,000 860,000 We also have a Nonqualified Deferred Compensation Plan (the “401(k) Mirror Plan”) designed to enable officers of the Company whose contributions to the 401(k) Plan are limited by certain statutory limitations to have the same opportunity to defer compensation as is available to other employees of the Company under the qualified 401(k) savings plan. Participants may defer from 1 15 1 100 2.2 2.5

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Jan. 31, 2016
Fair Value Measurements [Abstract]
Fair-Value Measurements	Note 19 — Fair Value Measurements The accounting standards for fair value measurements define fair value as the price that would be received for an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. The accounting standards for fair value measurements establish a three-level fair value hierarchy that prioritizes the inputs used to measure fair value. • Level 1 - Quoted prices in active markets that are accessible at the measurement date for identical assets or liabilities. • Level 2 - Observable inputs other than quoted prices included within Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. • Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value measurement of the assets or liabilities. Our financial instruments not measured at fair value on a recurring basis includes cash and cash equivalents, receivables , accounts payable and accrued liabilities and are reflected in the consolidated financial statements at cost which approximates fair value for these items due to their short term nature. We believe the fair value determination of these short-term financial instruments is a Level 1 measure. Assets and Liabilities Measured at Fair Value on a Recurring Basis The following table presents our assets and liabilities that are measured at fair value on a recurring basis at January 31, 2016 and February 1, 2015. January 31, 2016 (1) Level 1 Level 2 Level 3 (In thousands) Assets: 401(k) mirror plan assets $ 2,158 $ - $ - February 1, 2015 (1) Level 1 Level 2 Level 3 (In thousands) Assets: 401 $ 2,496 $ - $ - Liabilities: Agricultural commodity futures contracts 874 - - Gasoline commodity futures contracts 937 - - Total liabilities $ 1,811 $ - $ - (1) There were no transfers of financial assets or liabilities among the levels within the fair value hierarchy during the years ended January 31, 2016 or February 1, 2015. Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis The following table presents the nonrecurring fair value measurements recorded during fiscal 2016 and 2015. Year Ended January 31, 2016 Level 1 Level 2 Level 3 Total gain (loss) (In thousands) Long-lived assets $ - $ 6,965 $ - $ (4,886) Lease termination liabilities - 313 - 242 Year Ended February 1, 2015 Level 1 Level 2 Level 3 Total gain (loss) (In thousands) Long-lived assets $ - $ 270 $ - $ (901) Long-Lived Assets During fiscal 2016, long-lived assets having an aggregate carrying value of $ 11.9 7.0 4.9 During fiscal 2015, long-lived assets associated with a company-owned shop having an aggregate carrying value of $ 1.2 270,000 901,000 270,000 These inputs are classified as Level 2 within the valuation hierarchy. Lease Termination Liabilities 2 555,000 313,000

Derivative Instruments

Derivative Instruments	12 Months Ended
	Jan. 31, 2016
Derivative Instruments [Abstract]
Derivative Instruments	Note 20 — Derivative Instruments We are exposed to certain risks relating to our ongoing business operations. Additional disclosure about the fair value of derivative instruments is included in Note 19. Commodity Price Risk We are exposed to the effects of commodity price fluctuations in the cost of ingredients of our products, of which flour, sugar and shortening are the most significant. Interest Rate Risk We are exposed to market risk from increases in interest rates on any borrowings outstanding under our 2013 Facility. On March 3, 2011, we entered into an interest rate derivative contract having an aggregate notional principal amount of $ 17.5 million. The derivative contract entitled us to receive from the counterparty the excess, if any, of the three -month LIBOR rate over 3.00 % for each of the calendar quarters in the period beginning April 2012 and ending December 2015. We accounted for this derivative contract as a cash flow hedge. In the second quarter of fiscal 2014, as a result of the termination of the contract, the $ 516,000 unrealized loss on the contract previously included in accumulated other comprehensive income was reclassified to earnings in the consolidated statement of income because the hedged forecasted transaction (interest on the 2011 Term Loan) would not occur . Quantitative Summary of Derivative Positions and Their Effect on Results of Operations The following table presents the fair values of derivative instruments included in the consolidated balance sheet as of January 31, 2016 and February 1, 2015: Liability Derivatives Fair Value Derivatives Not Designated as January 31, February 1, Hedging Instruments Balance Sheet Location 2016 2015 (In thousands) Agricultural commodity futures contracts Accrued liabilities $ - $ 874 Gasoline commodity futures contracts Accrued liabilities - 937 $ - $ 1,811 The effect of derivative instruments on the consolidated statement of income for the year ended January 31, 2016, February 1, 2015 and February 2, 2014, was as follows: Amount of Derivative Gain or (Loss) Recognized in Income Year Ended Derivatives Not Designated as Hedging Location of Derivative Gain or (Loss) January 31, February 1, February 2, Instruments Recognized in Income 2016 2015 2014 (In thousands) Agricultural commodity futures contracts Gains and losses on commodity derivatives, net $ (661 ) $ (903 ) $ (1,459 ) Gasoline commodity futures contracts Gains and losses on commodity derivatives, net (239 ) (1,221 ) - Total $ (900 ) $ (2,124 ) $ (1,459 ) Amount of Derivative Gain or (Loss) Recognized in Income Year Ended Location of Derivative Gain or (Loss) January 31, February 1, February 2, Derivatives Designated as a Cash Flow Hedge Recognized in Income 2016 2015 2014 (In thousands) Interest rate derivative Interest expense $ - $ - $ (39 ) Interest rate derivative Loss on retirement of debt $ - $ - $ (516 ) The effect of derivative instruments on other comprehensive income for the years ended January 31, 2016, February 1, 2015 and February 2, 2014, was as follows: Amount of Derivative Gain or (Loss) Recognized in OCI Year Ended Derivative Gain or (Loss) Recognized in January 31, February 1, February 2, Derivatives Designated as a Cash Flow Hedge OCI 2016 2015 2014 (In thousands) Interest rate derivative Change in fair value of derivative $ - $ - $ 36 Less-income tax effect - - (14 ) - - 22 Loss on cash flow hedge reclassified to net income, previously charged to other comprehensive income - - 516 Less - income tax effect - - (200 ) - - 316 Net change in amount recognized in OCI $ - $ - $ 338

Acquisitions and Divestitures

Acquisitions and Divestitures	12 Months Ended
	Jan. 31, 2016
Acquisitions and Divestitures [Abstract]
Acquisitions and Divestitures	Note 21 — Acquisitions and Divestitures Acquisition of Krispy Kreme Shops On April 23, 2015, we entered into several legal arrangements with a franchisee, which included an asset purchase agreement and management agreement, whereby we agreed to operate the franchisee's Krispy Kreme 312,000 2.7 252,000 27,000 137,000 104,000 On June 17, 2014, we acquired the business and operating assets of our franchisee in Birmingham, Alabama, consisting of four 9 13 7.5 three We recorded charges to earnings related to the acquisition of $ 431,000 343,000 88,000 The cost of the acquired business was allocated as follows: (In thousands) Purchase price allocated to: Working capital, exclusive of cash $ (5 ) Property and equipment 710 Reacquired franchise rights associated with the Company Stores segment 3,853 Goodwill associated with the Company Stores segment 2,594 $ 7,152 Amounts allocated to reacquired franchise rights are being amortized by charges to earnings on a straight-line basis through March 2020, which was the expiration date of the terminated franchise agreement. All of the goodwill recognized in the acquisition for financial reporting purposes is expected to be deductible for income tax purposes. The results of operations of the acquired business subsequent to the acquisition had no material effect on our consolidated results of operations. Our results of operations for the year ended February 2, 2014, computed on a pro forma basis assuming the acquisition had been consummated at the beginning of those periods, would not be materially different from our historical results of operations and, accordingly, have been omitted. In December 2013, we acquired the land, building and doughnut-making equipment at a facility in Illinois that had fiscal 2014 sales of approximately $ 3 1.6 Krispy Kreme Acquisition of Franchise Rights In fiscal 2016, we acquired the franchise rights to develop certain CPG channels of trade from certain of our franchisees for approximately $ 1.6 Asset Divestitures On September 9, 2014, we refranchised our retail shop in Rockville, Maryland to a new franchisee for approximately $ 1.8 1.2 20 seven On July 11, 2013, we refranchised three 681,000 three 7.0 45 876,000 462,000 414,000 15 Krispy Kreme two 2.1 On February 22, 2013, we refranchised three 1.1 7 3.5 four 9 On September 27, 2012, we sold to one of our franchisees the leasehold interests and certain other assets, including rights under franchise agreements, of three Krispy Kreme three 2.9 three 3.6 360,000 3.2 51,000 1.9 20 1.7 20 1.7 210,000

Selected Quarterly Financial Da

Selected Quarterly Financial Data	12 Months Ended
	Jan. 31, 2016
Selected Quarterly Financial Data [Abstract]
Selected Quarterly Financial Data	Note 22 — Selected Quarterly Financial Data (Unaudited) The tables below present selected quarterly financial data for fiscal 2016 and 2015. Quarter Ended May 3, August 2, November 1, January 31, 2015 2015 2015 2016 (In thousands, except per share data) Revenues $ 132,474 $ 127,336 $ 128,544 $ 130,360 Operating expenses: Direct operating expenses (exclusive of depreciation and amortization expense shown below) 103,772 104,145 102,924 103,640 General and administrative expenses 7,554 6,718 6,796 6,578 Depreciation and amortization expense 3,993 4,074 4,056 4,076 Impairment charges and lease termination costs 4 304 (22 ) 4,437 Pre-opening costs related to Company Stores 323 515 923 906 (Gains) and losses on commodity derivatives, net (447 ) 841 506 - Operating income 17,275 10,739 13,361 10,723 Interest income 147 72 68 79 Interest expense (377 ) (387 ) (437 ) (437 ) Other non-operating income and (expense), net 184 89 140 595 Income before income taxes 17,229 10,513 13,132 10,960 Provision for income taxes 6,563 4,595 5,564 2,714 Net income $ 10,666 $ 5,918 $ 7,568 $ 8,246 Earnings per common share: Basic $ 0.16 $ 0.09 $ 0.12 $ 0.13 Diluted $ 0.16 $ 0.09 $ 0.11 $ 0.13 The sum of the quarterly earnings per share amounts does not necessarily equal earnings per share for the year. Quarter Ended May 3, August 2, November 1, January 31, 2015 2015 2015 2016 (In thousands) Revenues by business segment: Company Stores $ 90,717 $ 84,117 $ 87,354 $ 87,307 Domestic Franchise 3,709 3,936 3,651 4,202 International Franchise 6,728 7,314 6,323 7,371 KK Supply Chain: Total revenues 63,517 63,469 63,359 64,195 Less - intersegment sales elimination (32,197 ) (31,500 ) (32,143 ) (32,715 ) External KK Supply Chain revenues 31,320 31,969 31,216 31,480 Total revenues $ 132,474 $ 127,336 $ 128,544 $ 130,360 Operating income: Company Stores $ 7,357 $ 1,592 $ 4,149 $ 2,402 Domestic Franchise 2,094 2,440 1,962 3,228 International Franchise 4,904 5,487 4,534 5,429 KK Supply Chain 10,949 10,144 11,502 12,246 Total segment operating income 25,304 19,663 22,147 23,305 General and administrative expenses (7,554 ) (6,718 ) (6,796 ) (6,578 ) Corporate depreciation and amortization expense (595 ) (546 ) (583 ) (661 ) Impairment charges and lease termination costs (4 ) (304 22 (4,437 ) Pre-opening costs related to Company Stores (323 ) (515 (923 ) (906 ) Gains and (losses) on commodity derivatives, net 447 (841 ) (506 ) - Consolidated operating income $ 17,275 $ 10,739 $ 13,361 $ 10,723 Quarter Ended May 4, August 3, November 2, February 1, 2014 2014 2014 2015 (In thousands, except per share data) Revenues $ 121,580 $ 120,516 $ 122,871 $ 125,367 Operating expenses: Direct operating expenses (exclusive of depreciation and amortization expense shown below) 96,390 99,067 101,067 99,420 General and administrative expenses 7,047 6,737 5,553 9,221 Depreciation and amortization expense 3,173 3,033 3,280 3,354 Impairment charges and lease termination costs 8 38 4 905 Pre-opening costs related to Company Stores 226 245 702 1,357 (Gains) and losses on commodity derivatives, net (1,444 ) 1,341 681 1,546 (Gain) on refranchisings, net of business acquisition charges - 431 (1,285 ) - Operating income 16,180 9,624 12,869 9,564 Interest income 171 64 62 109 Interest expense (143 ) (162 ) (230 ) (321 ) Equity in losses of equity method franchisees (57 ) (61 ) (53 ) 53 Other non-operating income and (expense), net 168 152 91 136 Income before income taxes 16,319 9,617 12,739 9,541 Provision for income taxes 6,663 3,865 4,633 2,995 Net income $ 9,656 $ 5,752 $ 8,106 $ 6,546 Earnings per common share: Basic $ 0.15 $ 0.09 $ 0.12 $ 0.10 Diluted $ 0.14 $ 0.08 $ 0.12 $ 0.10 Quarter Ended May 4, August 3, November 2, February 1, 2014 2014 2014 2015 (In thousands) Revenues by business segment: Company Stores $ 80,448 $ 78,535 $ 82,579 $ 83,744 Domestic Franchise 3,499 3,296 3,274 3,381 International Franchise 6,581 7,534 6,852 7,631 KK Supply Chain: Total revenues 60,312 59,503 61,581 63,292 Less - intersegment sales elimination (29,260 ) (28,352 ) (31,415 ) (32,681 ) External KK Supply Chain revenues 31,052 31,151 30,166 30,611 Total revenues $ 121,580 $ 120,516 $ 122,871 $ 125,367 Operating income: Company Stores $ 4,642 $ 1,937 $ 1,688 $ 3,955 Domestic Franchise 2,156 1,900 1,951 2,058 International Franchise 4,280 5,111 5,048 5,587 KK Supply Chain 11,310 9,830 10,210 11,376 Total segment operating income 22,388 18,778 18,897 22,976 General and administrative expenses (7,047 ) (6,737 ) (5,553 ) (9,221 ) Corporate depreciation and amortization expense (371 ) (362 ) (373 ) (383 ) Impairment charges and lease termination costs (8 ) (38 ) (4 ) (905 ) Pre-opening costs related to Company Stores (226 ) (245 ) (702 ) (1,357 ) Gains and (losses) on commodity derivatives, net 1,444 (1,341 ) (681 ) (1,546 ) Gain on refranchisings, net of business acquisition charges - (431 ) 1,285 - Consolidated operating income $ 16,180 $ 9,624 $ 12,869 $ 9,564

SCHEDULE I - CONDENSED FINANCIA

SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT	12 Months Ended
	Jan. 31, 2016
CONDENSED FINANCIAL INFORMATION OF REGISTRANT [Abstract]
CONDENSED FINANCIAL INFORMATION OF REGISTRANT	SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT KRISPY KREME DOUGHNUTS, INC. STATEMENT OF INCOME Year Ended January 31, February 1, February 2, 2016 2015 2014 (In thousands, except per share amounts) Equity in income of subsidiaries $ 32,398 $ 30,060 $ 34,256 Miscellaneous expenses - - - Income before income taxes 32,398 30,060 34,256 Provision for income taxes - - - Net income $ 32,398 $ 30,060 $ 34,256 Earnings per common share: Basic $ 0.50 $ 0.45 $ 0.51 Diluted $ 0.48 $ 0.44 $ 0.48 STATEMENT OF COMPREHENSIVE INCOME Year Ended January 31, February 1, February 2, 2016 2015 2014 (In thousands) Net income $ 32,398 $ 30,060 $ 34,256 Other comprehensive income - - 338 Comprehensive income $ 32,398 $ 30,060 $ 34,594 BALANCE SHEET January 31, February 1, 2016 2015 (In thousands) ASSETS Investment in and advances to subsidiaries $ 256,140 $ 267,786 SHAREHOLDERS' EQUITY Preferred stock $ - $ - Common stock 266,724 310,768 Accumulated other comprehensive income - - Accumulated deficit (10,584 ) (42,982 ) Total shareholders' equity $ 256,140 $ 267,786 STATEMENT OF CASH FLOWS Year Ended January 31, February 1, February 2, 2016 2015 2014 (In thousands) CASH FLOW FROM OPERATING ACTIVITIES: Net income $ 32,398 $ 30,060 $ 34,256 Equity in income of subsidiaries (32,398 ) (30,060 ) (34,256 ) Net cash provided by (used for) operating activities - - - CASH FLOW FROM INVESTING ACTIVITIES: Investments in subsidiaries 49,628 33,622 20,540 Net cash provided by (used for) investing activities 49,628 33,622 20,540 CASH FLOW FROM FINANCING ACTIVITIES: Proceeds from exercise of stock options 1,933 10,259 2,517 Repurchase of common shares (51,561 ) (43,881 ) (23,057 ) Net cash provided by (used for) financing activities (49,628 ) (33,622 ) (20,540 ) Net increase (decrease) in cash and cash equivalents - - - Cash and cash equivalents at beginning of period - - - Cash and cash equivalents at end of period $ - $ - $ -

Accounting Policies (Policies)

Accounting Policies (Policies)	12 Months Ended
	Jan. 31, 2016
Accounting Policies [Abstract]
BASIS OF PRESENTATION	We prepare our financial statements in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The significant accounting policies followed by us in preparing the accompanying consolidated financial statements are as follows:
BASIS OF CONSOLIDATION	BASIS OF CONSOLIDATION. The financial statements include the accounts of KKDI and its subsidiaries. Investments in entities over which we have the ability to exercise significant influence but which we do not control, and whose financial statements are not otherwise required to be consolidated, are accounted for using the equity method .
CHANGE IN PRESENTATION	CHANGE IN PRESENTATION. In the first quarter of fiscal 2016, we changed the presentation of the Consolidated Statement of Income and segment financial information. Pre-opening costs related to Company Stores; gains and losses on commodity derivatives, net and gain on refranchisings, net of business acquisition charges are now separate line items on the Consolidated Statement of Income and are no longer in the respective business segments' operating income in Note 2. Such changes were made to provide more clarity and visibility to our operations and to conform to new management reporting. We furnished a Current Report on Form 8-K on June 10, 2015 providing the Consolidated Statement of Income and segment financial information for the quarterly and annual periods in fiscal 2014 and fiscal 2015 conformed to the fiscal 2016 presentation. We have made no changes to our reportable segments. These presentation changes had no impact on our consolidated operating income or consolidated net income.
REVENUE RECOGNITION	REVENUE RECOGNITION. Revenue is recognized when there is a contract or other arrangement of sale ; the sales price is fixed or determinable ; title and the risks of ownership have been transferred to the customer ; and collection of the rec eivable is reasonably assured. A summary of the revenue recognition policies for our business segments is as follows: Company Stores revenue is derived from the sale of doughnuts and complementary products to on-premises and consumer packaged goods (“CPG”) customers. Revenue is recognized at the time of delivery for on-premises sales. For CPG sales, revenue is recognized either at the time of delivery, net of provisions for estimated product returns, or, with respect to those CPG customers that take title to products purchased from us at the time those products are sold by the CPG customer to consumers, simultaneously with such consumer purchases. Domestic and International Franchise revenue is derived from development and initial franchise fees relating to new store openings and ongoing royalties charged to franchisees based on their sales. Development and franchise fees are recognized when the store is opened, at which time we have performed substantially all of the initial services we are required to provide and we have determined that the earnings process is complete. Development fees are related to initial services such as training and assisting with store setup and are therefore deferred until store opening and recorded within current and noncurrent liabilities as deferred development fee revenue until that time (See Notes 10 and 12). Royalties are recognized in income as underlying franchisee sales occur unless there is significant uncertainty concerning the collectibility of such revenues, in which case royalty revenues are recognized when received. Revenues related to licensing certain Company-owned trademarks to domestic third parties other than franchisees are included in the Domestic Franchise segment. KK Supply Chain revenue is derived from the sale of doughnut mix, other ingredients and supplies and doughnut-making equipment. Revenues for the sale of doughnut mix and supplies are recognized upon delivery to the customer or, in the case of franchisees located outside North America, when the goods are loaded on the transport vessel at the U.S. port. Revenue for equipment sales and installation associated with new store openings is recognized at the store opening date. Revenue for equipment sales not associated with new store openings is recognized when the equipment is installed if we are responsible for the installation, and otherwise upon shipment of the equipment.
FISCAL YEAR	FISCAL YEAR. Our fiscal year ends on the Sunday closest to January 31, which periodically results in a 53-week year. Fiscal 2016, 2015 and 2014 each contained 52 weeks .
CASH AND CASH EQUIVALENTS	CASH AND CASH EQUIVALENTS. We consider cash on hand, demand deposits in banks and all highly liquid debt instruments with an original maturity of three months or less to be cash and cash equivalents.
ALLOWANCE FOR DOUBTFUL ACCOUNTS	ALLOWANCE FOR DOUBTFUL ACCOUNTS. We maintain allowances for doubtful accounts related to our accounts receivable, including receivables from franchisees, in amounts which management believes are sufficient to provide for losses estimated to be sustained on realization of these receivables. Such estimates inherently involve uncertainties and assessments of the outcome of future events, and changes in facts and circumstances may result in adjustments to the allowance for doubtful accounts.
INVENTORIES	INVENTORIES. Inventories are recorded at the lower of cost or market, with cost determined using the first-in, first-out method.
PROPERTY AND EQUIPMENT	PROPERTY AND EQUIPMENT. Depreciation of property and equipment is provided using the straight-line method over the assets' estimated useful lives, which are as follows: buildings — 5 35 3 15 3 10 5 20
REACQUIRED FRANCHISE RIGHTS	REACQUIRED FRANCHISE RIGHTS. Franchise rights reacquired in connection with business combinations are valued based on the present value of the cash flows of the acquired business and are amortized on a straight-line basis from the acquisition date through the expiration date of the terminated franchise agreement.
GOODWILL	GOODWILL. Goodwill represents the excess of the purchase price over the value of identifiable net assets acquired in business combinations. Goodwill has an indefinite life and is not amortized, but is tested for impairment annually or more frequently if events or circumstances indicate the carrying amount of the asset may be impaired. Such impairment testing is performed for each reporting unit to which goodwill has been assigned.
LEGAL COSTS	LEGAL COSTS. Legal costs associated with litigation and other loss contingencies are charged to expense as services are rendered.
ASSET IMPAIRMENT	ASSET IMPAIRMENT. We assess asset groups for potential impairment whenever events or changes in circumstances indicate that their carrying amount may not be recoverable. The assessment is based upon a comparison of the carrying amount of the asset group, consisting primarily of property and equipment, to the estimated undiscounted cash flows expected to be generated from the asset group. To estimate cash flows, management projects the net cash flows anticipated from continuing operation of the asset group or store until its closing or abandonment as well as cash flows, if any, anticipated from disposal of the related assets. If the carrying amount of the assets exceeds the sum of the undiscounted cash flows, we record an impairment charge in an amount equal to the excess of the carrying value of the assets over their estimated fair value.
EARNINGS PER SHARE	EARNINGS PER SHARE. The computation of basic earnings per share is based on the weighted average number of common shares outstanding during the period. The computation of diluted earnings per share reflects the additional common shares that would have been outstanding if dilutive potential common shares had been issued, computed using the treasury stock method. Such potential common shares consist of shares issuable upon the exercise of stock options and the vesting of currently unvested shares of restricted stock units. The following table sets forth amounts used in the computation of basic and diluted earnings per share: Year Ended January 31, February 1, February 2, 2016 2015 2014 (In thousands) Numerator: net income $ 32,398 $ 30,060 $ 34,256 Denominator: Basic earnings per share - weighted average shares outstanding 65,221 66,360 67,261 Effect of dilutive securities: Stock options 1,435 2,037 2,998 Restricted stock units 251 532 795 Diluted earnings per share - weighted average shares outstanding plus dilutive potential common shares 66,907 68,929 71,054 Stock options with respect to 308,000 257,000 301,000 shares for fiscal 2016, 2015 and 2014 , respectively, as well as 285,000 and 57,000 unvested restricted stock units for fiscal 2016 and 2015, respectively, have been excluded from the computation of the number of shares used to compute diluted earnings per share because their inclusion would be antidilutive. There were no antidilutive unvested shares of restricted stock units in fiscal 2014 .
SHARE-BASED COMPENSATION	SHARE-BASED COMPENSATION. We measure and recognize compensation expense for share-based payment awards by charging the fair value of each award at its grant date to earnings over the service period necessary for each award to vest .
MARKETING AND BRAND PROMOTION	MARKETING AND BRAND PROMOTION. 10.3 9.8 8.2
CONCENTRATION OF CREDIT RISK	CONCENTRATION OF CREDIT RISK. Financial instruments that subject us to credit risk consist principally of receivables from CPG customers and franchisees, guarantees of certain franchisee leases and, in prior years, guarantees of certain indebtedness of franchisees. CPG receivables are primarily from grocer/mass merchants and convenience stores. We maintain allowances for doubtful accounts which we believe are sufficient to provide for losses which may be sustained on realization of these receivables. In fiscal 2016, 2015 and 2014, no customer accounted for more than 10% of Company Stores segment revenues. The two largest CPG customers collectively accounted for approximately 15 %, 16 % and 17 % of Company Stores segment revenues in fiscal 2016, 2015 and 2014, respectively. The two CPG customers with the largest trade receivables balances collectively accounted for approximately 28 % and 24 % of total CPG customer receivables at January 31, 2016 and February 1, 2015, respectively . We also evaluate the recoverability of receivables from our franchisees and maintain allowances for doubtful accounts which management believes are sufficient to provide for losses which may be sustained on realization of these receivables. In addition, we evaluate the likelihood of potential payments by us under lease guarantees and record estimated liabilities for payments we consider probable.
SELF-INSURANCE RISKS AND RECEIVABLES FROM INSURERS	SELF-INSURANCE RISKS AND RECEIVABLES FROM INSURERS. We are subject to workers' compensation, vehicle and general liability claims. We are self-insured for the cost of all workers' compensation, vehicle and general liability claims up to the amount of stop-loss insurance coverage purchased by us from commercial insurance carriers. We maintain accruals for the estimated cost of claims, without regard to the effects of stop-loss coverage, using actuarial methods which evaluate known open and incurred but not reported claims and consider historical loss development experience. In addition, we record receivables from the insurance carriers for claims amounts estimated to be recovered under the stop-loss insurance policies when these amounts are estimable and probable of collection. We estimate such stop-loss receivables using the same actuarial methods used to establish the related claims accruals, and taking into account the amount of risk transferred to the carriers under the stop-loss policies. The stop-loss policies provide coverage for claims in excess of retained self-insurance risks, which are determined on a claim-by-claim basis . We recorded favorable adjustments to our self-insurance claims liabilities related to prior years of approximately $ 440,000 , $ 1.7 1.1 2016 , 2015 and 2014, respectively. Such adjustments represent changes in estimates of the ultimate cost of incurred claims. We provide health and medical benefits to eligible employees, and purchase stop-loss insurance from commercial insurance carriers which pays covered medical costs in excess of a specified annual amount incurred by each claimant.
DERIVATIVE FINANCIAL INSTRUMENTS AND DERIVATIVE COMMODITY INSTRUMENTS	DERIVATIVE FINANCIAL INSTRUMENTS AND DERIVATIVE COMMODITY INSTRUMENTS. We reflect derivative financial instruments, which typically consist of interest rate derivatives and commodity futures contracts and options on such contracts, in the consolidated balance sheet at their fair value. The difference between the cost, if any, and the fair value of the interest rate derivatives is reflected in income unless the derivative instrument qualifies as a cash flow hedge and is effective in offsetting future cash flows of the underlying hedged item, in which case such amount is reflected in other comprehensive income. The difference between the cost, if any, and the fair value of commodity derivatives is reflected in earnings because we have not designated any of these instruments as cash flow hedges.
USE OF ESTIMATES	USE OF ESTIMATES. The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results will differ from these estimates, and the differences could be material.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, “Leases”, which requires lessees to present right-of-use assets and lease liabilities on the balance sheet for all leases with terms longer than 12 months. The guidance is to be applied using a modified retrospective approach at the beginning of the earliest comparative period in the financial statements and is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. We are evaluating the impact that adoption of this guidance will have on our consolidated financial statements. In November 2015, the FASB issued ASU 2015-17, “Balance Sheet Classification of Deferred Taxes”, which eliminates the current requirement for companies to present deferred tax liabilities and assets as current and non-current in a classified balance sheet. Instead, companies will be required to classify all deferred tax assets and liabilities as non-current. This guidance is effective for annual and interim periods beginning after December 15, 2016 and early adoption is permitted. We adopted this accounting guidance retrospectively in the fourth quarter of fiscal 2016. The consolidated balance sheet at February 1, 2015 includes a reclassification of $ 23.2 In July 2015, the FASB issued ASU 2015-11, “Simplifying the Measurement of Inventory”, which changes guidance for subsequent measurement of inventory from the lower of cost or market to the lower of cost and net realizable value. This update is effective for annual and interim periods beginning after December 15, 2016 and early adoption is permitted. We do not expect the adoption of this guidance to have an impact on our consolidated financial statements. In April 2015, the FASB issued ASU 2015-03, “Simplifying the Presentation of Debt Issuance Costs.” This guidance requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. In August 2015, the FASB issued ASU 2015-15, “Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements.” This guidance states that given the absence of authoritative guidance within ASU 2015-03 for debt issuance costs related to the line-of-credit arrangements, the SEC staff would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the costs ratably over the term of the arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit. As all of our debt issuance costs are related to line-of-credit arrangements and are currently classified as assets, this update will not have any impact on our consolidated financial statements. In April 2015, the FASB issued ASU 2015-05, “ Customer's Accounting for Fees Paid in a Cloud Computing Arrangement”, which provides guidance about whether a cloud computing arrangement includes a software license. ASU 2015-05 is effective for annual and interim periods beginning after December 15, 2015. We do not expect the adoption of this guidance to have an impact on our consolidated financial statements. In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers”, to clarify the principles used to recognize revenue for all entities. This guidance was deferred by ASU 2015-14, issued by the FASB in August 2015, and is now effective for fiscal years beginning on or after December 15, 2017 including interim periods within those fiscal years. Early adoption is permitted as of the original effective date. We are evaluating the impact that adoption of this guidance will have on our consolidated financial statements.

Accounting Policies (Tables)

Accounting Policies (Tables)	12 Months Ended
	Jan. 31, 2016
Accounting Policies [Abstract]
Schedule of Computation of Earnings Per Share	Year Ended January 31, February 1, February 2, 2016 2015 2014 (In thousands) Numerator: net income $ 32,398 $ 30,060 $ 34,256 Denominator: Basic earnings per share - weighted average shares outstanding 65,221 66,360 67,261 Effect of dilutive securities: Stock options 1,435 2,037 2,998 Restricted stock units 251 532 795 Diluted earnings per share - weighted average shares outstanding plus dilutive potential common shares 66,907 68,929 71,054

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Jan. 31, 2016
Segment Information [Abstract]
Schedule of Operations by Reporting Segment	Year Ended January 31, February 1, February 2, 2016 2015 2014 (In thousands) Revenues: Company Stores $ 349,495 $ 325,306 $ 306,825 Domestic Franchise 15,498 13,450 11,839 International Franchise 27,736 28,598 25,607 KK Supply Chain: Total revenues 254,540 244,688 231,229 Less – intersegment sales elimination (128,555 ) (121,708 ) (115,169 ) External KK Supply Chain revenues 125,985 122,980 116,060 Total revenues $ 518,714 $ 490,334 $ 460,331 Operating income: Company Stores $ 15,500 $ 12,222 $ 11,021 Domestic Franchise 9,724 8,065 6,416 International Franchise 20,354 20,026 17,977 KK Supply Chain 44,841 42,726 38,412 Total segment operating income 90,419 83,039 73,826 General and administrative expenses (27,646 ) (28,558 ) (25,149 ) Corporate depreciation and amortization expense (2,385 ) (1,489 ) (1,254 ) Impairment charges and lease termination costs (4,723 ) (955 ) (1,374 ) Pre-opening costs related to Company Stores (2,667 ) (2,530 ) (563 ) Gains and (losses) on commodity derivatives, net (900 ) (2,124 ) (1,459 ) Gain on refranchisings, net of business acquisition charges - 854 2,543 Consolidated operating income $ 52,098 $ 48,237 $ 46,570 Depreciation and amortization expense: Company Stores $ 12,736 $ 10,534 $ 9,039 Domestic Franchise 65 135 119 International Franchise - 5 7 KK Supply Chain 1,013 677 687 Corporate 2,385 1,489 1,254 Total depreciation and amortization expense $ 16,199 $ 12,840 $ 11,106

Receivables (Tables)

Receivables (Tables)	12 Months Ended
	Jan. 31, 2016
Receivables [Abstract]
Schedule of Components of Receivables	January 31, February 1, 2016 2015 (In thousands) Receivables: Consumer packaged goods - wholesale customers $ 10,808 $ 9,557 Unaffiliated franchisees 13,233 12,743 Due from third-party distributors 2,440 4,075 Other receivables 667 867 Current portion of notes receivable 1,224 1,052 28,372 28,294 Less — allowance for doubtful accounts: Consumer packaged goods - wholesale customers (180 ) (204 ) Unaffiliated franchisees (104 ) (291 ) (284 ) (495 ) $ 28,088 $ 27,799 Receivables from equity method franchisees (Note 7): Trade $ 338 $ 782 January 31, February 1, 2016 2015 (In thousands) Notes receivable: Note receivable from franchisees $ 4,829 $ 4,534 Less — portion due within one year included in receivables (Note 3) (1,224 ) (1,052 ) $ 3,605 $ 3,482
Schedule of Changes in the Allowances for Doubtful Accounts	Year Ended January 31, February 1, February 2, 2016 2015 2014 (In thousands) Allowance for doubtful accounts related to receivables: Balance at beginning of year $ 495 $ 241 $ 615 Provision for doubtful accounts (179 ) 202 (275 ) Net recoveries (chargeoffs) (32 ) 52 (99 ) Balance at end of year $ 284 $ 495 $ 241

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Jan. 31, 2016
Inventories [Abstract]
Schedule of Inventory	January 31, February 1, 2016 2015 (In thousands) Raw materials $ 6,844 $ 6,779 Work in progress 126 115 Finished goods and purchased merchandise 9,342 11,300 $ 16,312 $ 18,194

Other Current Assets (Tables)

Other Current Assets (Tables)	12 Months Ended
	Jan. 31, 2016
Other Current Assets [Abstract]
Schedule of Other Current Assets	January 31, February 1, 2016 2015 (In thousands) Current portion of claims against insurance carriers related to self-insurance programs (Notes 1, 9, 10 and 12) $ 747 $ 1,012 Margin deposits in derivative brokerage accounts 100 2,744 Prepaid expenses and other 2,772 3,100 $ 3,619 $ 6,856

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Jan. 31, 2016
Property and Equipment [Abstract]
Schedule of Property and Equipment	January 31, February 1, 2016 2015 (In thousands) Land $ 13,075 $ 13,512 Buildings 99,405 86,337 Leasehold improvements 14,064 15,200 Machinery and equipment 73,840 65,596 Computer software 16,334 7,911 Construction and projects in progress 4,703 12,295 221,421 200,851 Less: accumulated depreciation (93,712 ) (85,093 ) $ 127,709 $ 115,758

Investments in Franchisees (Tab

Investments in Franchisees (Tables)	12 Months Ended
	Jan. 31, 2016
Investments in Franchisees [Abstract]
Schedule of Investments in Franchisees	Number of Stores as of January 31, Ownership% Geographic Market 2016 Company Third Parties Kremeworks, LLC Alaska, Hawaii, Oregon, Washington 9 25.0 % 75.0 % Kremeworks Canada, LP Western Canada 1 24.5 % 75.5 % January 31, 2016 Investments and Advances Receivables (In thousands) Kremeworks, LLC $ 900 $ 300 Kremeworks Canada, LP 667 38 1,567 338 Less: reserves and allowances (1,567 ) - $ - $ 338 February 1, 2015 Investments and Advances Receivables (In thousands) Kremeworks, LLC $ 900 $ 353 Kremeworks Canada, LP 667 30 Krispy Kreme of South Florida, LLC - 399 1,567 782 Less: reserves and allowances (1,567 ) - $ - $ 782

Goodwill and Other Intangible39

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Jan. 31, 2016
Goodwill and Other Intangible Assets [Abstract]
Schedule of Goodwill and Other Intangible Assets	January 31, February 1, 2016 2015 (In thousands) Goodwill: International Franchise segment $ 15,664 $ 15,664 Domestic Franchise segment 7,832 7,832 Company Stores segment (Note 21) 2,594 2,594 Reacquired franchise rights associated with Company Stores segment, net of accumulated amortization of 1.3 at January 31, 2016 and $ 556,000 4,895 3,980 $ 30,985 $ 30,070
Schedule of Reacquired Franchise Rights	January 31, February 1, 2016 2015 (In thousands) Balance at beginning of year $ 3,980 $ 601 Acquisition of stores and franchise rights from franchisees (Note 21) 1,702 3,853 Amortization expense (747 ) (474 ) Impairment of reacquired franchise rights related to the Company Stores segment (Note 15) (40 ) - Balance at end of year $ 4,895 $ 3,980

Other Assets (Tables)

Other Assets (Tables)	12 Months Ended
	Jan. 31, 2016
Other Assets [Abstract]
Schedule of Components of Other Assets	January 31, February 1, 2016 2015 (In thousands) Non-current portion of notes receivable $ 3,605 $ 3,482 Non-current portion of claims against insurance carriers related to self-insurance programs (Notes 1, 5, 10 and 12) 2,998 3,290 401(k) mirror plan assets (Notes 12 and 18) 2,158 2,496 Deposits 695 734 Deferred financing costs, net of accumulated amortization 262 370 Other 447 388 $ 10,165 $ 10,760
Schedule of Components of Receivables	January 31, February 1, 2016 2015 (In thousands) Receivables: Consumer packaged goods - wholesale customers $ 10,808 $ 9,557 Unaffiliated franchisees 13,233 12,743 Due from third-party distributors 2,440 4,075 Other receivables 667 867 Current portion of notes receivable 1,224 1,052 28,372 28,294 Less — allowance for doubtful accounts: Consumer packaged goods - wholesale customers (180 ) (204 ) Unaffiliated franchisees (104 ) (291 ) (284 ) (495 ) $ 28,088 $ 27,799 Receivables from equity method franchisees (Note 7): Trade $ 338 $ 782 January 31, February 1, 2016 2015 (In thousands) Notes receivable: Note receivable from franchisees $ 4,829 $ 4,534 Less — portion due within one year included in receivables (Note 3) (1,224 ) (1,052 ) $ 3,605 $ 3,482

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	12 Months Ended
	Jan. 31, 2016
Accrued Liabilities [Abstract]
Schedule of Components of Accrued Liabilities	January 31, February 1, 2016 2015 (In thousands) Accrued compensation $ 6,464 $ 10,533 Accrued vacation pay 6,074 5,732 Current portion of self-insurance claims, principally worker's compensation (Notes 1, 5, 9, and 12) 3,660 3,773 Accrued taxes, other than income 2,240 2,541 Accrued health care claims 1,284 1,330 Franchisee equipment deposits and deferred revenue 3,570 1,017 Gasoline commodity futures contracts - 937 Accrued guarantee liabilities (Note 13) 844 906 Current portion of deferred development fee revenue (Note 12) 980 906 Agricultural commodity futures contracts - 874 Other 4,517 3,981 $ 29,633 $ 32,530
Schedule of Changes in the Assets and Liabilities Associated with Self-Insurance Programs	Year Ended January 31, February 1, February 2, 2016 2015 2014 (In thousands) Accrual for self-insurance programs, net of receivables from stop-loss policies: Balance at beginning of year $ 7,568 $ 8,047 $ 8,455 Additions charged to costs and expenses 3,828 2,600 3,436 Claims payments (3,390 ) (3,079 ) (3,844 ) Balance at end of year $ 8,006 $ 7,568 $ 8,047 Accrual reflected in: Accrued liabilities $ 3,660 $ 3,773 $ 3,765 Other long-term obligations and deferred credits 8,091 8,097 8,382 Claims receivable under stop-loss insurance policies included in: Other current assets (747 ) (1,012 ) (893 ) Other assets (2,998 ) (3,290 ) (3,207 ) $ 8,006 $ 7,568 $ 8,047

Credit Facilities and Lease O42

Credit Facilities and Lease Obligations (Tables)	12 Months Ended
	Jan. 31, 2016
Credit Facilities and Lease Obligations [Abstract]
Schedule of Lease Obligations	January 31, February 1, 2016 2015 (In thousands) Capital lease obligations $ 2,709 $ 2,940 Financing obligations 8,834 6,747 11,543 9,687 Less: current portion (326 ) (333 ) $ 11,217 $ 9,354
Schedule of Future Minimum Lease Payments	Operating Capital Financing Fiscal Year Leases Leases Obligations (In thousands) 2017 $ 15,914 $ 814 $ 990 2018 15,162 684 990 2019 12,809 507 990 2020 8,000 439 1,007 2021 7,783 434 1,092 Thereafter 114,365 6,048 17,413 $ 174,033 8,926 22,482 Portion representing interest (6,058 ) (17,511 ) Portion representing executory costs (159 ) - Unamortized balance of financing obligations at end of lease term - 3,863 Total capital lease and financing obligations $ 2,709 $ 8,834

Other Long Term Obligations a43

Other Long Term Obligations and Deferred Credits (Tables)	12 Months Ended
	Jan. 31, 2016
Other Long-Term Obligations and Deferred Credits [Abstract]
Schedule of Components of Other Long-Term Obligations and Deferred Credits	January 31, February 1, 2016 2015 (In thousands) Non-current portion of self-insurance claims, principally worker's compensation (Notes 1, 5, 9 and 10) $ 8,091 $ 8,097 Accrued rent expense 6,924 6,571 Non-current portion of deferred development fee revenue (Note 10) 5,280 4,877 401(k) mirror plan liability (Notes 9 and 18) 2,158 2,496 Landlord upfit allowances on leased premises 2,176 2,445 Other 1,170 1,129 $ 25,799 $ 25,615

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	12 Months Ended
	Jan. 31, 2016
Stockholders' Equity [Abstract]
Schedule of Share-Based Compensation	Year Ended January 31, February 1, February 2, 2016 2015 2014 (In thousands) Costs charged to earnings related to: Stock options $ 637 $ 1,209 $ 1,865 Restricted stock units 4,947 3,257 4,587 Total costs $ 5,584 $ 4,466 $ 6,452 Costs included in: Direct operating expenses $ 2,146 $ 2,145 $ 2,487 General and administrative expenses 3,438 2,321 3,965 Total costs $ 5,584 $ 4,466 $ 6,452
Schedule of Weighted Average Assumptions	Year Ended January 31, February 1, February 2, 2016 2015 2014 Expected life of option 7.0 7.0 7.0 Risk-free interest rate 1.68 % 2.14 % 2.19 % Expected volatility of stock 60.0 % 65.0 % 65.0 % Expected dividend yield 0.0 % 0.0 % 0.0 %
Schedule of Options Granted	Year Ended January 31, February 1, February 2, 2016 2015 2014 Weighted average fair value per share of options granted $ 12.49 $ 12.07 11.17 Total number of options granted 68,900 88,300 251,000 Total fair value of all options granted $ 860,300 $ 1,065,200 2,804,800
Schedule of Stock Option Transactions	Weighted Average Weighted Average Aggregate Remaining Shares Subject Exercise Price Per Intrinsic Contractual to Option Share Value Term (Dollars in thousands, except per share amounts) Outstanding at February 3, 2013 5,206,500 $ 8.15 $ 36,388 5.8 Granted 251,000 $ 17.47 Exercised (459,500 ) $ 5.25 $ 5,324 Expired (391,000 ) $ 38.66 Forfeited - $ - Outstanding at February 2, 2014 4,607,000 $ 6.27 $ 51,044 5.7 Granted 88,300 $ 18.88 Exercised (1,929,600 ) $ 5.32 $ 25,515 Expired (129,800 ) $ 18.15 Forfeited (90,700 ) $ 8.66 Outstanding at February 1, 2015 2,545,200 $ 6.75 $ 32,382 5.6 Granted 68,900 $ 20.91 Exercised (349,200 ) $ 5.53 $ 3,791 Expired (3,900 ) $ 17.47 Forfeited (165,300 ) $ 14.66 Outstanding at January 31, 2016 2,095,700 $ 6.77 $ 17,605 4.1 Exercisable at January 31, 2016 1,969,600 $ 5.95 $ 17,605 3.8
Schedule of Additional Information Regarding Stock Options	Options Outstanding Options Exercisable Weighted Average Remaining Contractual Life Weighted Average Weighted Average Range of Exercise Prices Shares (Years) Exercise Price Shares Exercise Price $ 1.40 - $ 3.08 869,600 2.7 $ 2.65 869,600 $ 2.65 $ 6.39 - $ 9.71 952,800 4.3 $ 7.14 952,800 $ 7.14 $ 17.47 - $ 20.91 273,300 7.5 $ 18.58 147,200 $ 17.68
Schedule of Changes in Unvested Restricted Stock	Weighted Average Grant Unvested Date Fair Shares Value Unvested at February 3, 2013 1,238,200 $ 8.65 Granted 300,200 $ 18.14 Vested (509,900 ) $ 8.46 Forfeited (52,600 ) $ 7.38 Unvested at February 2, 2014 975,900 $ 11.73 Granted 129,700 $ 19.13 Vested (480,700 ) $ 11.45 Forfeited (80,300 ) $ 12.35 Unvested at February 1, 2015 544,600 $ 13.65 Granted 375,500 $ 20.38 Vested (327,800 ) $ 13.78 Forfeited (80,700 ) $ 15.67 Unvested at January 31, 2016 511,600 $ 18.19
Schedule of Repurchase of Common Stock	Year Ended January 31, February 1, February 2, 2016 2015 2014 Common Common Common Shares Stock Shares Stock Shares Stock (In thousands) Shares repurchased under share repurchase authorizations 2,775 $ 50,000 2,237 $ 39,225 1,185 $ 22,342 Shares surrendered in reimbursement for withholding taxes 97 1,561 153 2,811 136 2,560 2,872 $ 51,561 2,390 $ 42,036 1,321 $ 24,902

Impairment Charges and Lease 45

Impairment Charges and Lease Termination Costs (Tables)	12 Months Ended
	Jan. 31, 2016
Impairment Charges and Lease Termination Costs [Abstract]
Schedule of Impairment Charges and Lease Termination Costs	Year Ended January 31, February 1, February 2, 2016 2015 2014 (In thousands) Impairment charges: Impairment of long-lived assets - current period charges $ 4,886 $ 901 $ - Impairment of reacquired franchise rights 40 - - Total impairment charges 4,926 901 - Lease termination costs: Provision for termination costs 352 56 1,374 Less - reversal of previously recorded accrued rent expense (555 ) (2 ) - Total lease termination costs (203 54 1,374 Total impairment charges and lease termination costs $ 4,723 $ 955 $ 1,374
Schedule of Lease Termination Liability	Year Ended January 31, February 1, February 2, 2016 2015 2014 (In thousands) Balance at beginning of year $ 116 $ 178 $ 646 Provision for lease termination costs: Provisions associated with store closings, net of estimated sublease rentals 313 44 - Adjustments to previously recorded provisions resulting from settlements with lessors and adjustments of previous estimates 30 (5 ) 1,351 Accretion of discount 9 17 23 Total provision 352 56 1,374 Payments on unexpired leases, including settlements with lessors (190 ) (118 ) (1,842 ) Balance at end of year $ 278 $ 116 $ 178 Accrued lease termination costs are included in the consolidated balance sheet as follows: Accrued liabilities $ 278 $ 94 $ 74 Other long-term obligations and deferred credits - 22 104 $ 278 $ 116 $ 178

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jan. 31, 2016
Income Taxes [Abstract]
Schedule of Components of the Provision for Income Taxes	Year Ended January 31, February 1, February 2, 2016 2015 2014 (In thousands) Current $ 2,786 $ 2,427 $ 2,790 Deferred 16,650 15,729 8,014 $ 19,436 $ 18,156 $ 10,804
Reconciliation of the Tax Provision	Year Ended January 31, February 1, February 2, 2016 2015 2014 (In thousands) Income taxes at statutory federal rate $ 18,142 $ 16,875 $ 15,771 State income taxes, net of federal income tax benefit 1,139 1,662 1,902 Reversal of valuation allowance on deferred income tax assets (817 ) (150 ) (4,306 ) Benefit of foreign tax credits in excess of benefit previously recorded (910 ) - (4,481 ) Foreign taxes, principally withholding taxes 2,625 2,457 2,309 Credit for foreign income taxes (2,625 ) (2,457 ) (2,309 ) Other changes in tax credit carryforwards (27 ) - 118 Accruals for uncertain tax positions 40 - 359 Accruals for interest and penalties 66 15 3 Changes in estimated future blended state income tax rate 1,408 73 717 Other 395 (319 ) 721 $ 19,436 $ 18,156 $ 10,804
Schedule of Tax Effects of Temporary Differences	January 31, February 1, 2016 2015 (In thousands) Deferred income tax assets: Goodwill and reacquired franchise rights $ - $ 1,325 Other intangible assets 1,463 1,505 Allowance for doubtful accounts 108 191 Other current assets 1,444 1,124 Property and equipment 5,997 6,202 Other non-current assets 1,600 2,777 Self-insurance accruals 3,545 3,434 Deferred revenue 3,425 2,608 Accrued compensation 3,932 5,154 Other current liabilities 911 998 Other non-current liabilities 3,505 3,488 Share-based compensation 8,375 8,489 Federal net operating loss carryforwards 19,619 34,709 Federal tax credit carryforwards 16,680 12,642 State net operating loss and credit carryforwards 6,788 8,938 Other 554 505 Gross deferred income tax assets 77,946 94,089 Valuation allowance on deferred income tax assets (1,419 ) (2,566 ) Deferred income tax assets, net of valuation allowance 76,527 91,523 Deferred income tax liabilities - goodwill and reacquired franchise rights (1,653 ) - Net deferred income tax assets $ 74,874 $ 91,523
Schedule of Changes in the Valuation Allowance	Year Ended January 31, February 1, February 3, 2016 2015 2014 (In thousands) Valuation allowance on deferred tax assets: Balance at beginning of year $ 2,566 $ 2,675 $ 9,767 Reversal of valuation allowance credited to earnings (817 ) (150 ) (4,306 ) Reduction of valuation allowance due to state NOL deferred tax assets expirations not affecting earnings (267 ) - - Reclassification of valuation allowance against deferred tax assets not affecting earnings - - (2,472 ) Reduction in valuation allowance related to enacted change in North Carolina statutory income tax rate (63 ) - (314 ) Other - 41 - Balance at end of year $ 1,419 $ 2,566 $ 2,675
Reconciliation of the Beginning and Ending Amounts of Unrecognized Tax Benefits	Year Ended January 31, February 1, February 2, 2016 2015 2014 (In thousands) Unrecognized tax benefits at beginning of year $ 1,965 $ 1,952 $ 1,327 Increases related to positions taken in the current year 70 108 105 Increases (decreases) related to positions taken in prior years 22 (21 ) 702 Lapsing of statutes of limitations (76 ) (74 ) (182 ) Unrecognized tax benefits at end of year $ 1,981 $ 1,965 $ 1,952

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Jan. 31, 2016
Fair Value Measurements [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis	January 31, 2016 (1) Level 1 Level 2 Level 3 (In thousands) Assets: 401(k) mirror plan assets $ 2,158 $ - $ - February 1, 2015 (1) Level 1 Level 2 Level 3 (In thousands) Assets: 401 $ 2,496 $ - $ - Liabilities: Agricultural commodity futures contracts 874 - - Gasoline commodity futures contracts 937 - - Total liabilities $ 1,811 $ - $ - (1) There were no transfers of financial assets or liabilities among the levels within the fair value hierarchy during the years ended January 31, 2016 or February 1, 2015.
Schedule of Non-Recurring Measurements	Year Ended January 31, 2016 Level 1 Level 2 Level 3 Total gain (loss) (In thousands) Long-lived assets $ - $ 6,965 $ - $ (4,886) Lease termination liabilities - 313 - 242 Year Ended February 1, 2015 Level 1 Level 2 Level 3 Total gain (loss) (In thousands) Long-lived assets $ - $ 270 $ - $ (901)

Derivative Instruments (Tables)

Derivative Instruments (Tables)	12 Months Ended
	Jan. 31, 2016
Derivative Instruments [Abstract]
Schedule of Derivative Fair Value	Liability Derivatives Fair Value Derivatives Not Designated as January 31, February 1, Hedging Instruments Balance Sheet Location 2016 2015 (In thousands) Agricultural commodity futures contracts Accrued liabilities $ - $ 874 Gasoline commodity futures contracts Accrued liabilities - 937 $ - $ 1,811
Schedule of Derivative Gain (Loss)	Amount of Derivative Gain or (Loss) Recognized in Income Year Ended Derivatives Not Designated as Hedging Location of Derivative Gain or (Loss) January 31, February 1, February 2, Instruments Recognized in Income 2016 2015 2014 (In thousands) Agricultural commodity futures contracts Gains and losses on commodity derivatives, net $ (661 ) $ (903 ) $ (1,459 ) Gasoline commodity futures contracts Gains and losses on commodity derivatives, net (239 ) (1,221 ) - Total $ (900 ) $ (2,124 ) $ (1,459 ) Amount of Derivative Gain or (Loss) Recognized in Income Year Ended Location of Derivative Gain or (Loss) January 31, February 1, February 2, Derivatives Designated as a Cash Flow Hedge Recognized in Income 2016 2015 2014 (In thousands) Interest rate derivative Interest expense $ - $ - $ (39 ) Interest rate derivative Loss on retirement of debt $ - $ - $ (516 ) Amount of Derivative Gain or (Loss) Recognized in OCI Year Ended Derivative Gain or (Loss) Recognized in January 31, February 1, February 2, Derivatives Designated as a Cash Flow Hedge OCI 2016 2015 2014 (In thousands) Interest rate derivative Change in fair value of derivative $ - $ - $ 36 Less-income tax effect - - (14 ) - - 22 Loss on cash flow hedge reclassified to net income, previously charged to other comprehensive income - - 516 Less - income tax effect - - (200 ) - - 316 Net change in amount recognized in OCI $ - $ - $ 338

Acquisitions and Divestitures (

Acquisitions and Divestitures (Tables)	12 Months Ended
	Jan. 31, 2016
Birmingham, Alabama Store Acquisition [Member]
Business Acquisition [Line Items]
Summary of Purchase Price Allocation	(In thousands) Purchase price allocated to: Working capital, exclusive of cash $ (5 ) Property and equipment 710 Reacquired franchise rights associated with the Company Stores segment 3,853 Goodwill associated with the Company Stores segment 2,594 $ 7,152

Selected Quarterly Financial 50

Selected Quarterly Financial Data (Tables)	12 Months Ended
	Jan. 31, 2016
Selected Quarterly Financial Data [Abstract]
Schedule of Quarterly Financial Data	Quarter Ended May 3, August 2, November 1, January 31, 2015 2015 2015 2016 (In thousands, except per share data) Revenues $ 132,474 $ 127,336 $ 128,544 $ 130,360 Operating expenses: Direct operating expenses (exclusive of depreciation and amortization expense shown below) 103,772 104,145 102,924 103,640 General and administrative expenses 7,554 6,718 6,796 6,578 Depreciation and amortization expense 3,993 4,074 4,056 4,076 Impairment charges and lease termination costs 4 304 (22 ) 4,437 Pre-opening costs related to Company Stores 323 515 923 906 (Gains) and losses on commodity derivatives, net (447 ) 841 506 - Operating income 17,275 10,739 13,361 10,723 Interest income 147 72 68 79 Interest expense (377 ) (387 ) (437 ) (437 ) Other non-operating income and (expense), net 184 89 140 595 Income before income taxes 17,229 10,513 13,132 10,960 Provision for income taxes 6,563 4,595 5,564 2,714 Net income $ 10,666 $ 5,918 $ 7,568 $ 8,246 Earnings per common share: Basic $ 0.16 $ 0.09 $ 0.12 $ 0.13 Diluted $ 0.16 $ 0.09 $ 0.11 $ 0.13 The sum of the quarterly earnings per share amounts does not necessarily equal earnings per share for the year. Quarter Ended May 3, August 2, November 1, January 31, 2015 2015 2015 2016 (In thousands) Revenues by business segment: Company Stores $ 90,717 $ 84,117 $ 87,354 $ 87,307 Domestic Franchise 3,709 3,936 3,651 4,202 International Franchise 6,728 7,314 6,323 7,371 KK Supply Chain: Total revenues 63,517 63,469 63,359 64,195 Less - intersegment sales elimination (32,197 ) (31,500 ) (32,143 ) (32,715 ) External KK Supply Chain revenues 31,320 31,969 31,216 31,480 Total revenues $ 132,474 $ 127,336 $ 128,544 $ 130,360 Operating income: Company Stores $ 7,357 $ 1,592 $ 4,149 $ 2,402 Domestic Franchise 2,094 2,440 1,962 3,228 International Franchise 4,904 5,487 4,534 5,429 KK Supply Chain 10,949 10,144 11,502 12,246 Total segment operating income 25,304 19,663 22,147 23,305 General and administrative expenses (7,554 ) (6,718 ) (6,796 ) (6,578 ) Corporate depreciation and amortization expense (595 ) (546 ) (583 ) (661 ) Impairment charges and lease termination costs (4 ) (304 22 (4,437 ) Pre-opening costs related to Company Stores (323 ) (515 (923 ) (906 ) Gains and (losses) on commodity derivatives, net 447 (841 ) (506 ) - Consolidated operating income $ 17,275 $ 10,739 $ 13,361 $ 10,723 Quarter Ended May 4, August 3, November 2, February 1, 2014 2014 2014 2015 (In thousands, except per share data) Revenues $ 121,580 $ 120,516 $ 122,871 $ 125,367 Operating expenses: Direct operating expenses (exclusive of depreciation and amortization expense shown below) 96,390 99,067 101,067 99,420 General and administrative expenses 7,047 6,737 5,553 9,221 Depreciation and amortization expense 3,173 3,033 3,280 3,354 Impairment charges and lease termination costs 8 38 4 905 Pre-opening costs related to Company Stores 226 245 702 1,357 (Gains) and losses on commodity derivatives, net (1,444 ) 1,341 681 1,546 (Gain) on refranchisings, net of business acquisition charges - 431 (1,285 ) - Operating income 16,180 9,624 12,869 9,564 Interest income 171 64 62 109 Interest expense (143 ) (162 ) (230 ) (321 ) Equity in losses of equity method franchisees (57 ) (61 ) (53 ) 53 Other non-operating income and (expense), net 168 152 91 136 Income before income taxes 16,319 9,617 12,739 9,541 Provision for income taxes 6,663 3,865 4,633 2,995 Net income $ 9,656 $ 5,752 $ 8,106 $ 6,546 Earnings per common share: Basic $ 0.15 $ 0.09 $ 0.12 $ 0.10 Diluted $ 0.14 $ 0.08 $ 0.12 $ 0.10 Quarter Ended May 4, August 3, November 2, February 1, 2014 2014 2014 2015 (In thousands) Revenues by business segment: Company Stores $ 80,448 $ 78,535 $ 82,579 $ 83,744 Domestic Franchise 3,499 3,296 3,274 3,381 International Franchise 6,581 7,534 6,852 7,631 KK Supply Chain: Total revenues 60,312 59,503 61,581 63,292 Less - intersegment sales elimination (29,260 ) (28,352 ) (31,415 ) (32,681 ) External KK Supply Chain revenues 31,052 31,151 30,166 30,611 Total revenues $ 121,580 $ 120,516 $ 122,871 $ 125,367 Operating income: Company Stores $ 4,642 $ 1,937 $ 1,688 $ 3,955 Domestic Franchise 2,156 1,900 1,951 2,058 International Franchise 4,280 5,111 5,048 5,587 KK Supply Chain 11,310 9,830 10,210 11,376 Total segment operating income 22,388 18,778 18,897 22,976 General and administrative expenses (7,047 ) (6,737 ) (5,553 ) (9,221 ) Corporate depreciation and amortization expense (371 ) (362 ) (373 ) (383 ) Impairment charges and lease termination costs (8 ) (38 ) (4 ) (905 ) Pre-opening costs related to Company Stores (226 ) (245 ) (702 ) (1,357 ) Gains and (losses) on commodity derivatives, net 1,444 (1,341 ) (681 ) (1,546 ) Gain on refranchisings, net of business acquisition charges - (431 ) 1,285 - Consolidated operating income $ 16,180 $ 9,624 $ 12,869 $ 9,564

Accounting Policies (Schedule o

Accounting Policies (Schedule of Computation of Earnings Per Share) (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 31, 2016	Nov. 01, 2015	Aug. 02, 2015	May. 03, 2015	Feb. 01, 2015	Nov. 02, 2014	Aug. 03, 2014	May. 04, 2014	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014
Accounting Policies [Abstract]
Net income	$ 8,246	$ 7,568	$ 5,918	$ 10,666	$ 6,546	$ 8,106	$ 5,752	$ 9,656	$ 32,398	$ 30,060	$ 34,256
Basic earnings per share - weighted average shares outstanding									65,221	66,360	67,261
Diluted earnings per share - weighted average shares outstanding plus dilutive potential common shares									66,907	68,929	71,054
Stock Options [Member]
Effect of dilutive securities:
Share-based payment arrangement									1,435	2,037	2,998
Restricted Stock Units [Member]
Effect of dilutive securities:
Share-based payment arrangement									251	532	795

Accounting Policies (Narrative)

Accounting Policies (Narrative) (Details) - USD ($)	12 Months Ended
	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014
Marketing and Brand Promotion:
Costs associated with products including advertising and other brand promotional activities	$ 10,300,000	$ 9,800,000	$ 8,200,000
Self-Insurance Risks and Receivables from Insurers:
Adjustment self insurance claims liabilities related to prior years	440,000	1,700,000	$ 1,100,000
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred income taxes	$ 74,874,000	$ 91,523,000
Buildings [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
Buildings [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	35 years
Machinery and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Machinery and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	15 years
Computer Software [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Computer Software [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	10 years
Leasehold Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
Leasehold Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	20 years
Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration Risk, Credit Risk, Financial Instruments	In fiscal 2016, 2015 and 2014, no customer accounted for more than 10% of Company Stores segment revenues.
Customer Concentration Risk [Member] | Sales Revenue, Segment [Member] | Company Stores [Member]
Concentration Risk [Line Items]
Concentration risk percentage	15.00%	16.00%	17.00%
Credit Concentration Risk [Member] | Accounts Receivable [Member] | Company Stores [Member]
Concentration Risk [Line Items]
Concentration risk percentage	28.00%	24.00%
Reclassification [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred income taxes		$ 23,200,000
Stock options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	308,000	257,000	301,000
Restricted Stock Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	285,000	57,000

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 31, 2016	Nov. 01, 2015	Aug. 02, 2015	May. 03, 2015	Feb. 01, 2015	Nov. 02, 2014	Aug. 03, 2014	May. 04, 2014	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014
Segment Reporting Information [Line Items]
Revenues	$ 130,360	$ 128,544	$ 127,336	$ 132,474	$ 125,367	$ 122,871	$ 120,516	$ 121,580	$ 518,714	$ 490,334	$ 460,331
General and administrative expenses	(6,578)	(6,796)	(6,718)	(7,554)	(9,221)	(5,553)	(6,737)	(7,047)	(27,646)	(28,558)	(25,149)
Depreciation and amortization expense	(4,076)	(4,056)	(4,074)	(3,993)	(3,354)	(3,280)	(3,033)	(3,173)	(16,199)	(12,840)	(11,106)
Impairment charges and lease termination costs	(4,437)	22	(304)	(4)	(905)	(4)	(38)	(8)	(4,723)	(955)	(1,374)
Pre-opening costs related to Company Stores	$ (906)	(923)	(515)	(323)	(1,357)	(702)	(245)	(226)	(2,667)	(2,530)	(563)
Gains and (losses) on commodity derivatives, net		(506)	(841)	447	$ (1,546)	(681)	(1,341)	$ 1,444	$ (900)	(2,124)	(1,459)
Gain on refranchisings, net of business acquisition charges						1,285	(431)			854	2,543
Operating income	$ 10,723	13,361	10,739	17,275	$ 9,564	12,869	9,624	$ 16,180	$ 52,098	48,237	46,570
Non-US [Member]
Segment Reporting Information [Line Items]
Revenues									49,000	52,000	48,000
Segments [Member]
Segment Reporting Information [Line Items]
Operating income	23,305	22,147	19,663	25,304	22,976	18,897	18,778	22,388	90,419	83,039	73,826
Corporate [Member]
Segment Reporting Information [Line Items]
General and administrative expenses	(6,578)	(6,796)	(6,718)	(7,554)	(9,221)	(5,553)	(6,737)	(7,047)	(27,646)	(28,558)	(25,149)
Depreciation and amortization expense	(661)	(583)	(546)	(595)	(383)	(373)	(362)	(371)	(2,385)	(1,489)	(1,254)
Impairment charges and lease termination costs	(4,437)	22	(304)	(4)	(905)	(4)	(38)	(8)	(4,723)	(955)	(1,374)
Pre-opening costs related to Company Stores	$ (906)	(923)	(515)	(323)	(1,357)	(702)	(245)	(226)	(2,667)	(2,530)	(563)
Gains and (losses) on commodity derivatives, net		(506)	(841)	447	$ (1,546)	(681)	(1,341)	$ 1,444	$ (900)	(2,124)	(1,459)
Gain on refranchisings, net of business acquisition charges						1,285	(431)			854	2,543
Company Stores [Member]
Segment Reporting Information [Line Items]
Revenues	$ 87,307	87,354	84,117	90,717	$ 83,744	82,579	78,535	$ 80,448	$ 349,495	325,306	306,825
Depreciation and amortization expense									(12,736)	(10,534)	(9,039)
Operating income	2,402	4,149	1,592	7,357	3,955	1,688	1,937	4,642	15,500	12,222	11,021
Domestic Franchise [Member]
Segment Reporting Information [Line Items]
Revenues	4,202	3,651	3,936	3,709	3,381	3,274	3,296	3,499	15,498	13,450	11,839
Depreciation and amortization expense									(65)	(135)	(119)
Operating income	3,228	1,962	2,440	2,094	2,058	1,951	1,900	2,156	9,724	8,065	6,416
International Franchise [Member]
Segment Reporting Information [Line Items]
Revenues	7,371	6,323	7,314	6,728	7,631	6,852	7,534	6,581	$ 27,736	28,598	25,607
Depreciation and amortization expense										(5)	(7)
Operating income	5,429	4,534	5,487	4,904	5,587	5,048	5,111	4,280	$ 20,354	20,026	17,977
KK Supply Chain [Member]
Segment Reporting Information [Line Items]
Revenues	31,480	31,216	31,969	31,320	30,611	30,166	31,151	31,052	125,985	122,980	116,060
Depreciation and amortization expense									(1,013)	(677)	(687)
Operating income	12,246	11,502	10,144	10,949	11,376	10,210	9,830	11,310	44,841	42,726	38,412
KK Supply Chain [Member] | Segments [Member]
Segment Reporting Information [Line Items]
Revenues	64,195	63,359	63,469	63,517	63,292	61,581	59,503	60,312	254,540	244,688	231,229
KK Supply Chain [Member] | Intersegment Elimination [Member]
Segment Reporting Information [Line Items]
Revenues	$ (32,715)	$ (32,143)	$ (31,500)	$ (32,197)	$ (32,681)	$ (31,415)	$ (28,352)	$ (29,260)	$ (128,555)	$ (121,708)	$ (115,169)

Receivables (Components of Rece

Receivables (Components of Receivables) (Details) - USD ($) $ in Thousands	Jan. 31, 2016	Feb. 01, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Other receivables	$ 667	$ 867
Current portion of notes receivable	1,224	1,052
Receivables	28,372	28,294
Less - allowance for doubtful accounts:	(284)	(495)
Receivables, net	28,088	27,799
Receivables from equity method franchisees	338	782
Consumer Packaged Goods - Wholesale Customers [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade receivables	10,808	9,557
Less - allowance for doubtful accounts:	(180)	(204)
Unaffiliated Franchisees [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade receivables	13,233	12,743
Less - allowance for doubtful accounts:	(104)	(291)
Third Party Distributors [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade receivables	$ 2,440	$ 4,075

Receivables (Allowance for Doub

Receivables (Allowance for Doubtful Accounts) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014
Allowance For Doubtful Accounts Receivable [Roll Forward]
Balance at beginning of year	$ 495
Balance at end of year	284	$ 495
Trade Accounts Receivable [Member]
Allowance For Doubtful Accounts Receivable [Roll Forward]
Balance at beginning of year	495	241	$ 615
Provision for doubtful accounts	(179)	202	(275)
Net recoveries (chargeoffs)	(32)	52	(99)
Balance at end of year	$ 284	$ 495	$ 241

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jan. 31, 2016	Feb. 01, 2015
Inventories [Abstract]
Raw materials	$ 6,844	$ 6,779
Work in progress	126	115
Finished goods and purchased merchandise	9,342	11,300
Inventories, Net, Total	$ 16,312	$ 18,194

Other Current Assets (Details)

Other Current Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014
Other Current Assets [Abstract]
Current portion of claims against insurance carriers related to self-insurance programs (Notes 1, 9, 10 and 12)	$ 747	$ 1,012	$ 893
Margin deposits in derivative brokerage accounts	100	2,744
Prepaid expenses and other	2,772	3,100
Other current assets	3,619	$ 6,856
Decrease in margin deposits account	$ (2,600)

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	Jan. 31, 2016	Feb. 01, 2015
Property, Plant and Equipment [Line Items]
Property and equipment	$ 221,421	$ 200,851
Less: accumulated depreciation	(93,712)	(85,093)
Property plant and equipment, net	127,709	115,758
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	13,075	13,512
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	99,405	86,337
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	14,064	15,200
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	73,840	65,596
Computer Software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	16,334	7,911
Construction and Projects in Progress [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	$ 4,703	$ 12,295

Property and Equipment (Narrati

Property and Equipment (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 15,500	$ 12,400	$ 11,000
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Assets acquired under capital leases, net book value	564	839
Buildings [Member]
Property, Plant and Equipment [Line Items]
Assets acquired under capital leases, net book value	1,700	1,800
Assets acquired under build-to-suit leasing arrangements	$ 8,100	$ 5,700

Investments in Franchisees (Sch

Investments in Franchisees (Schedule of Information Information About the Company's Ownership) (Details)	12 Months Ended
	Jan. 31, 2016stores
Kremeworks LLC [Member]
Schedule of Equity Method Investments [Line Items]
Number of Stores	9
Equity Method Investments Geographic Development Market	Alaska, Hawaii, Oregon, Washington
Equity Method Investment, Ownership Percentage	25.00%
Equity Method Investment Third Party Ownership Percentage	75.00%
Kremeworks Canada LP [Member]
Schedule of Equity Method Investments [Line Items]
Number of Stores	1
Equity Method Investments Geographic Development Market	Western Canada
Equity Method Investment, Ownership Percentage	24.50%
Equity Method Investment Third Party Ownership Percentage	75.50%

Investments in Franchisees (Fin

Investments in Franchisees (Financial Exposure Related to Franchisee Investments) (Details) - USD ($) $ in Thousands	Jan. 31, 2016	Feb. 01, 2015
Schedule of Equity Method Investments [Line Items]
Investment and advances	$ 1,567	$ 1,567
Reserves and allowances	$ (1,567)	$ (1,567)
Investment and advances
Receivables	$ 338	$ 782
Reserves and allowances
Receivables	$ 338	$ 782
Kremeworks LLC [Member]
Schedule of Equity Method Investments [Line Items]
Investment and advances	900	900
Receivables	300	353
Kremeworks Canada LP [Member]
Schedule of Equity Method Investments [Line Items]
Investment and advances	667	667
Receivables	$ 38	$ 30
Krispy Kreme South Florida LLC [Member]
Schedule of Equity Method Investments [Line Items]
Investment and advances
Receivables		$ 399

Investments in Franchisees (Nar

Investments in Franchisees (Narrative) (Details)	Jan. 14, 2016USD ($)	Jan. 31, 2016USD ($)franchises	Feb. 01, 2015USD ($)	Jan. 29, 2012USD ($)	Nov. 01, 2013USD ($)	Dec. 31, 2011USD ($)	Feb. 03, 2008USD ($)
Schedule of Equity Method Investments [Line Items]
Number Of Investments In Franchisees | franchises		2
Investments in equity method franchisees
Accrued guarantee liabilities		$ 844,000	$ 906,000
Krispy Kreme South Florida LLC [Member]
Schedule of Equity Method Investments [Line Items]
Accrued guarantee liabilities							$ 1,600,000
Notes Receivable Unrecognized			1,000,000		$ 1,600,000
Notes receivable, gross, previously written-off						$ 825,000
Notes Receivable Payment Received	$ 810,000	1,000,000	550,000	$ 180,000
Kremeworks, LLC and Kremeworks Canada, LP [Member]
Schedule of Equity Method Investments [Line Items]
Accrued but uncollected interest on advances		$ 370,000	$ 390,000

Goodwill and Other Intangible63

Goodwill and Other Intangible Assets (Schedule of Goodwill and Other Intangibles) (Details) - USD ($) $ in Thousands	Jan. 31, 2016	Feb. 01, 2015
Goodwill And Intangible Assets [Line Items]
Goodwill and other intangible assets	$ 30,985	$ 30,070
International Franchise [Member]
Goodwill And Intangible Assets [Line Items]
Goodwill	15,664	15,664
Domestic Franchise [Member]
Goodwill And Intangible Assets [Line Items]
Goodwill	7,832	7,832
Company Stores [Member]
Goodwill And Intangible Assets [Line Items]
Goodwill	2,594	2,594
Intangible Reacquired Franchise Rights	$ 4,895	$ 3,980

Goodwill and Other Intangible64

Goodwill and Other Intangible Assets (Parenthetical and Narrative Data) (Details) - USD ($)	12 Months Ended
	Jan. 31, 2016	Feb. 01, 2015
Franchise Rights [Member]
Goodwill And Intangible Assets [Line Items]
Estimated amortization expense, 2017	$ 1,000,000
Estimated amortization expense, 2018	1,000,000
Estimated amortization expense, 2019	1,000,000
Estimated amortization expense, 2020	1,000,000
Estimated amortization expense, 2021	$ 250,000
Remaining amortization period	5 years
Company Stores [Member]
Goodwill And Intangible Assets [Line Items]
Goodwill, Impaired, Accumulated Impairment Loss	$ 139,400,000	$ 139,400,000
Reacquired franchise rights accumulated impairment loss	1,900,000	1,900,000
Accumulated amortization of reacquired franchise rights	$ 1,300,000	$ 556,000

Goodwill and Other Intangible65

Goodwill and Other Intangible Assets (Schedule of Reacquired Franchise Rights) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Impairment of reacquired franchise rights related to the Company Stores segment (Note 15)	$ (40)
Franchise Rights [Member]
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Balance at beginning of year	3,980	$ 601
Acquisition of stores and franchise rights from franchisees (Note 21)	1,702	3,853
Amortization expense	(747)	$ (474)
Impairment of reacquired franchise rights related to the Company Stores segment (Note 15)	(40)
Balance at end of year	$ 4,895	$ 3,980	$ 601

Other Assets (Schedule of Other

Other Assets (Schedule of Other Assets) (Details) - USD ($) $ in Thousands	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014
Other Assets [Abstract]
Non-current portion of notes receivable	$ 3,605	$ 3,482
Non-current portion of claims against insurance carriers related to self-insurance programs (Notes 1, 5, 10 and 12)	2,998	3,290	$ 3,207
401(k) mirror plan assets (Notes 12 and 18)	2,158	2,496
Deposits	695	734
Deferred financing costs, net of accumulated amortization	262	370
Other	447	388
Other assets	$ 10,165	$ 10,760

Other Assets (Schedule of Oth67

Other Assets (Schedule of Other Notes Receivables) (Details) - USD ($) $ in Thousands	Jan. 31, 2016	Feb. 01, 2015
Other Assets [Abstract]
Note receivable from franchisees	$ 4,829	$ 4,534
Less - portion due within one year included in receivables (Note 3)	(1,224)	(1,052)
Non-current portion of notes receivable	$ 3,605	$ 3,482

Other Assets (Narrative) (Detai

Other Assets (Narrative) (Details) - USD ($)	Jan. 14, 2016	Jan. 31, 2016	Feb. 01, 2015	Jan. 29, 2012	Nov. 01, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unrecognized franchise revenue		$ 1,200,000	$ 1,900,000
Collection of previously unrecognized franchise revenue		700,000	900,000
Krispy Kreme South Florida LLC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unrecognized notes receivable			1,000,000		$ 1,600,000
Collection of notes receivable	$ 810,000	$ 1,000,000	$ 550,000	$ 180,000
Proceeds from collection of final payment on note	$ 500,000

Accrued Liabilities (Components

Accrued Liabilities (Components) (Details) - USD ($) $ in Thousands	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014
Accrued compensation	$ 6,464	$ 10,533
Accrued vacation pay	6,074	5,732
Current portion of self-insurance claims, principally worker's compensation (Notes 1, 5, 9, and 12)	3,660	3,773	$ 3,765
Accrued taxes, other than income	2,240	2,541
Accrued health care claims	1,284	1,330
Franchisee equipment deposits and deferred revenue	3,570	1,017
Accrued guarantee liabilities (Note 13)	844	906
Current portion of deferred development fee revenue (Note 12)	$ 980	906
Commodity futures contracts		1,811
Other	$ 4,517	3,981
Accrued liabilities	$ 29,633	32,530
Gasoline Commodity Futures Contracts [Member]
Commodity futures contracts		937
Agricultural Commodity Futures Contracts [Member]
Commodity futures contracts		$ 874

Accrued Liabilities (Self Insur

Accrued Liabilities (Self Insurance Rollforward) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014
Self Insurance [Rollforward]
Balance at beginning of year	$ 7,568	$ 8,047	$ 8,455
Additions charged to cost and expenses	3,828	2,600	3,436
Claims payments	(3,390)	(3,079)	(3,844)
Balance at end of year	$ 8,006	$ 7,568	$ 8,047

Accrued Liabilities (Self Ins71

Accrued Liabilities (Self Insurance Balance) (Details) - USD ($) $ in Thousands	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014	Feb. 03, 2013
Accrued Liabilities [Abstract]
Accrued liabilities	$ 3,660	$ 3,773	$ 3,765
Other long-term obligations and deferred credits	8,091	8,097	8,382
Other current assets	(747)	(1,012)	(893)
Other assets	(2,998)	(3,290)	(3,207)
Self Insurance Reserve Net	$ 8,006	$ 7,568	$ 8,047	$ 8,455

Credit Facilities and Lease O72

Credit Facilities and Lease Obligations (Schedule of Lease Obligations) (Details) - USD ($) $ in Thousands	Jan. 31, 2016	Feb. 01, 2015
Lease obligations:
Lease obligations	$ 11,543	$ 9,687
Less: current portion	(326)	(333)
Lease obligations, less current portion	11,217	9,354
Capital lease obligations [Member]
Lease obligations:
Lease obligations	2,709	2,940
Assets Under Financing Obligations [Member]
Lease obligations:
Lease obligations	$ 8,834	$ 6,747

Credit Facilities and Lease O73

Credit Facilities and Lease Obligations (2013 Revolving Credit Facility) (Details) $ in Millions	12 Months Ended
	Jan. 31, 2016USD ($)
Credit Facilities and Lease Obligations [Abstract]
Letters of credit outstanding	$ 10.2
2013 Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Issuance date	Jul. 12, 2013
Debt maturity date	Jul. 12, 2018
Maximum borrowing capacity	$ 40
Available borrowing capacity	$ 29.8
Spread over variable rate	1.25%
Description of variable rate basis	greatest of the prime rate, the Fed funds rate plus 0.50%, or the one-month LIBOR rate plus 1.00%
Fee on unused portion	0.15%
Leverage ratio	0.3
Fixed charge coverage ratio	3.7
Default triggering event	$ 5
Covenant calculation, aggregate threshold for lease termination obligations	$ 5
2013 Revolving Credit Facility [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Fee on unused portion	0.15%
Fixed charge coverage ratio	1.3
2013 Revolving Credit Facility [Member] | Minimum [Member] | LIBOR [Member]
Line of Credit Facility [Line Items]
Spread over variable rate	1.25%
2013 Revolving Credit Facility [Member] | Minimum [Member] | Base Rate [Member]
Line of Credit Facility [Line Items]
Spread over variable rate	0.25%
2013 Revolving Credit Facility [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Fee on unused portion	0.35%
Leverage ratio	2.25
2013 Revolving Credit Facility [Member] | Maximum [Member] | LIBOR [Member]
Line of Credit Facility [Line Items]
Spread over variable rate	2.15%
2013 Revolving Credit Facility [Member] | Maximum [Member] | Base Rate [Member]
Line of Credit Facility [Line Items]
Spread over variable rate	1.15%

Credit Facilities and Lease O74

Credit Facilities and Lease Obligations (2011 Secured Credit Facilities) (Details) - USD ($)	3 Months Ended		12 Months Ended
	Aug. 03, 2014	Aug. 04, 2013	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014
Debt Instrument [Line Items]
Loss on retirement of debt					$ 967,000
Loss on cash flow hedge reclassified to net income, previously charged to other comprehensive income					$ 516,000
Interest Rate Contract [Member]
Debt Instrument [Line Items]
Inception date		Mar. 3, 2011
Effective date		Apr. 1, 2012
Maturity date		Dec. 31, 2015
Termination date		Jul. 12, 2013
Notional amount		$ 17,500,000
Loss on cash flow hedge reclassified to net income, previously charged to other comprehensive income		$ 516,000
LIBOR [Member] | Interest Rate Contract [Member]
Debt Instrument [Line Items]
Spread over variable rate		3.00%
2011 Secured Credit Facilities [Member]
Debt Instrument [Line Items]
Issuance date		Jan. 28, 2011
Debt maturity date		Jan. 1, 2016
Retirement date		Jul. 12, 2013
Repayment of secured debt		$ 21,700,000
Loss on retirement of debt		967,000
Description of variable rate basis	three-month LIBOR rate over 3.00%
2011 Secured Credit Facilities [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity		25,000,000
2011 Secured Credit Facilities [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 35,000,000

Credit Facilities and Lease O75

Credit Facilities and Lease Obligations (Lease Obligations and Interest) (Details) - USD ($)	12 Months Ended
	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014
Operating Leases
2,017	$ 15,914,000
2,018	15,162,000
2,019	12,809,000
2,020	8,000,000
2,021	7,783,000
Thereafter	114,365,000
Operating Leases, Future Minimum Payments Due	174,033,000
Capital Leases
2,017	814,000
2,018	684,000
2,019	507,000
2,020	439,000
2,021	434,000
Thereafter	6,048,000
Capital Leases, Future Minimum Payments Due	8,926,000
Less: portion representing interest	(6,058,000)
Less: portion representing executory costs	(159,000)
Total capital lease	2,709,000
Financing Obligations
2,017	990,000
2,018	990,000
2,019	990,000
2,020	1,007,000
2,021	1,092,000
Thereafter	17,413,000
Total	22,482,000
Portion representing interest	(17,511,000)
Unamortized balance of financing obligations at end of lease term	3,863,000
Total financing obligations	8,834,000
Rent expense, net of rental income	15,900,000	$ 13,400,000	$ 12,300,000
Interest paid, inclusive of deferred financing costs	$ 1,500,000	$ 750,000	$ 940,000

Other Long Term Obligations a76

Other Long Term Obligations and Deferred Credits (Details) - USD ($) $ in Thousands	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014
Other Long-Term Obligations and Deferred Credits [Abstract]
Non-current portion of self-insurance claims, principally worker's compensation (Notes 1, 5, 9 and 10)	$ 8,091	$ 8,097	$ 8,382
Accrued rent expense	6,924	6,571
Non-current portion of deferred development fee revenue (Note 10)	5,280	4,877
401(k) mirror plan liability (Notes 9 and 18)	2,158	2,496
Landlord upfit allowances on leased premises	2,176	2,445
Other	1,170	1,129
Other long-term obligations and deferred credits	$ 25,799	$ 25,615

Commitments and Contingencies (

Commitments and Contingencies (Narratives) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2016	Feb. 01, 2015
Loss Contingencies [Line Items]
Accrued guarantee liabilities	$ 844	$ 906
Letters of Credit Outstanding, Amount	10,200
Purchase Obligation	$ 57,000
K2 Asia Litigation [Member]
Loss Contingencies [Line Items]
Loss Contingency, Actions Taken by Plaintiff	On April 7, 2009, a Cayman Islands corporation, K2 Asia Ventures, and its owners filed a lawsuit in Forsyth County, North Carolina Superior Court against us, our franchisee in the Philippines, and other persons associated with the franchisee. The suit alleges that we and the other defendants conspired to deprive the plaintiffs of claimed “exclusive rights” to negotiate franchise and development agreements with prospective franchisees in the Philippines, and seeks unspecified damages. We therefore do not know the amount or range of possible loss related to this matter. We believe that these allegations are false and continue to vigorously defend against the lawsuit. On July 26, 2013, the Superior Court dismissed the Philippines-based defendants for lack of personal jurisdiction, and the plaintiffs appealed that decision. On January 22, 2015, the North Carolina Supreme Court denied the plaintiffs’ request to review the case. We moved for summary judgment on May 7, 2015 and are awaiting a decision by the Superior Court. We do not believe it is probable that a loss has been incurred with respect to this matter, and accordingly no liability related to it has been reflected in the accompanying financial statements.

Shareholders' Equity (Narrative

Shareholders' Equity (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	12 Months Ended			31 Months Ended
	Mar. 31, 2016	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014	Jan. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting term		4 years
Options, contractual term		10 years
Total unrecognized compensation cost		$ 7,400			$ 7,400
Remaining service periods, minimum		3 months
Remaining service periods, maximum		4 years
Weighted average remaining service period		1 year 4 months 24 days
Shares of common stock reserved for issuance		6,000,000			6,000,000
Equity Disclosure [Line Items]
Authorization amount for repurchases of common stock		$ 155,000		$ 50,000	$ 155,000
Shares repurchased under share repurchase authorization, average price per share					$ 18
Shares repurchased under share repurchase authorizations, shares		2,775,000	2,237,000	1,185,000	6,197,099
Value of shares repurchased under share repurchase authorization		$ 50,000	$ 39,225	$ 22,342
Repurchase of common shares		51,561	43,881	23,057	$ 111,600
Shares surrendered in reimbursement for withholding taxes		1,561	2,811	2,560
Amount remaining under authorization		43,400			$ 43,400
Subsequent Event [Member]
Equity Disclosure [Line Items]
Authorization amount for repurchases of common stock	$ 255,000
Amount remaining under authorization	143,400
Increase in authorized amount for repurchases of common stock	$ 100,000
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value of restricted stock and restricted stock unit awards vested		$ 4,500	$ 5,500	$ 4,300
Stock Incentive 2012 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares provided for issuance under stock plan		5,100,000			5,100,000
Description		Our shareholders have approved the Krispy Kreme Doughnuts, Inc. 2012 Stock Incentive Plan (the “2012 Plan”), which provides for the grant of incentive stock options, non-qualified stock options, restricted stock awards, restricted stock units, stock awards, performance unit awards, performance share awards, stock appreciation rights and phantom stock awards. The 2012 Plan provides for the issuance of approximately 5.1 million shares of our common stock (as adjusted to reflect forfeitures and expirations subsequent to January 29, 2012 of awards issued under predecessor plans, pursuant to the 2012 Plan), of which approximately 3.4 million remain available for grant through June 2022. Any shares that are subject to options or stock appreciation rights awarded under the 2012 Plan will be counted against the 2012 Plan limit as one share for every one share granted, and any shares that are subject to 2012 Plan awards other than options or stock appreciation rights will be counted against this limit as one and thirty three-hundredths (1.33) shares for every one share granted. The 2012 Plan provides that options may be granted with exercise prices not less than the closing sale price of our common stock on the date of grant.
Number of shares available for grant		3,400,000			3,400,000

Shareholders' Equity (Allocatio

Shareholders' Equity (Allocation of Share-based Compensation) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation	$ 5,584	$ 4,466	$ 6,452
Direct Operating Expense [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation	2,146	2,145	2,487
General and Administration Expenses [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation	3,438	2,321	3,965
Stock Options [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation	637	1,209	1,865
Restricted Stock Units [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation	$ 4,947	$ 3,257	$ 4,587

Shareholders' Equity (Schedule

Shareholders' Equity (Schedule of Stock Option Fair Value Assumptions) (Details)	12 Months Ended
	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life of option	7 years	7 years	7 years
Risk-free interest rate	1.68%	2.14%	2.19%
Expected volatility of stock	60.00%	65.00%	65.00%
Expected dividend yield

Shareholders' Equity (Schedul81

Shareholders' Equity (Schedule of Stock Options Granted) (Details) - USD ($)	12 Months Ended
	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average fair value per share of options granted	$ 12.49	$ 12.07	$ 11.17
Total number of options granted	68,900	88,300	251,000
Total fair value of all options granted	$ 860,300	$ 1,065,200	$ 2,804,800

Shareholders' Equity (Schedul82

Shareholders' Equity (Schedule of Stock Option Transactions) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014	Feb. 03, 2013
Shares Subject to Option
Outstanding	2,545,200	4,607,000	5,206,500
Granted	68,900	88,300	251,000
Exercised	(349,200)	(1,929,600)	(459,500)
Expired	(3,900)	(129,800)	(391,000)
Forfeited	(165,300)	(90,700)
Outstanding	2,095,700	2,545,200	4,607,000	5,206,500
Exercisable	1,969,600
Weighted Average Exercise Price Per Share
Outstanding	$ 6.75	$ 6.27	$ 8.15
Granted	20.91	18.88	17.47
Exercised	5.53	5.32	5.25
Expired	17.47	18.15	$ 38.66
Forfeited	14.66	8.66
Outstanding	6.77	$ 6.75	$ 6.27	$ 8.15
Exercisable	$ 5.95
Aggregate Intrinsic Value
Outstanding	$ 32,382	$ 51,044	$ 36,388
Exercised	3,791	25,515	5,324
Outstanding	17,605	$ 32,382	$ 51,044	$ 36,388
Exercisable	$ 17,605
Weighted Average Remaining Contractual Term
Outstanding	4 years 1 month 6 days	5 years 7 months 6 days	5 years 8 months 12 days	5 years 9 months 18 days
Exercisable	3 years 9 months 18 days

Shareholders' Equity (Schedul83

Shareholders' Equity (Schedule of Stock Options Outstanding) (Details)	12 Months Ended
	Jan. 31, 2016$ / sharesshares
First Exercise Price Range [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices (Minimum)	$ 1.40
Range of Exercise Prices (Maximum)	$ 3.08
Options Outstanding: Shares | shares	869,600
Options Outstanding: Weighted Average Remaining Contractual Life	2 years 8 months 12 days
Options Outstanding: Weighted Average Exercise Price	$ 2.65
Options Exercisable: Shares | shares	869,600
Options Exercisable: Weighted Average Exercise Price	$ 2.65
Second Exercise Price Range [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices (Minimum)	6.39
Range of Exercise Prices (Maximum)	$ 9.71
Options Outstanding: Shares | shares	952,800
Options Outstanding: Weighted Average Remaining Contractual Life	4 years 3 months 18 days
Options Outstanding: Weighted Average Exercise Price	$ 7.14
Options Exercisable: Shares | shares	952,800
Options Exercisable: Weighted Average Exercise Price	$ 7.14
Third Exercise Price Range [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices (Minimum)	17.47
Range of Exercise Prices (Maximum)	$ 20.91
Options Outstanding: Shares | shares	273,300
Options Outstanding: Weighted Average Remaining Contractual Life	7 years 6 months
Options Outstanding: Weighted Average Exercise Price	$ 18.58
Options Exercisable: Shares | shares	147,200
Options Exercisable: Weighted Average Exercise Price	$ 17.68

Shareholders' Equity (Schedul84

Shareholders' Equity (Schedule of Changes in Unvested Restricted Stock and Restricted Stock Unit Awards) (Details) - $ / shares	12 Months Ended
	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014
Unvested Shares
Unvested	544,600	975,900	1,238,200
Granted	375,500	129,700	300,200
Vested	(327,800)	(480,700)	(509,900)
Forfeited	(80,700)	(80,300)	(52,600)
Unvested	511,600	544,600	975,900
Weighted Average Grant Date Fair Value
Unvested	$ 13.65	$ 11.73	$ 8.65
Granted	20.38	19.13	18.14
Vested	13.78	11.45	8.46
Forfeited	15.67	12.35	7.38
Unvested	$ 18.19	$ 13.65	$ 11.73

Shareholders' Equity (Repurchas

Shareholders' Equity (Repurchases of Common Stock) (Details) - USD ($) $ in Thousands	12 Months Ended			31 Months Ended
	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014	Jan. 31, 2016
Stockholders' Equity [Abstract]
Shares repurchased under share repurchase authorizations, shares	2,775,000	2,237,000	1,185,000	6,197,099
Shares surrendered in reimbursement for withholding taxes, shares	97,000	153,000	136,000
Repurchases of common shares, shares	2,872,000	2,390,000	1,321,000
Shares repurchased under share repurchase authorizations	$ 50,000	$ 39,225	$ 22,342
Shares surrendered in reimbursement for withholding taxes	1,561	2,811	2,560
Repurchase of common shares	$ 51,561	$ 42,036	$ 24,902

Impairment Charges and Lease 86

Impairment Charges and Lease Termination Costs (Schedule of Impairment Charges and Lease Termination Costs) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 31, 2016	Nov. 01, 2015	Aug. 02, 2015	May. 03, 2015	Feb. 01, 2015	Nov. 02, 2014	Aug. 03, 2014	May. 04, 2014	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014
Impairment Charges and Lease Termination Costs [Abstract]
Impairment of long-lived assets - current period charges									$ 4,886	$ 901
Impairment of reacquired franchise rights									40
Total impairment charges									4,926	$ 901
Provision for termination costs									352	56	$ 1,374
Less - reversal of previously recorded accrued rent expense									(555)	(2)
Total lease termination costs									(203)	54	$ 1,374
Total impairment charges and lease termination costs	$ 4,437	$ (22)	$ 304	$ 4	$ 905	$ 4	$ 38	$ 8	$ 4,723	$ 955	$ 1,374

Impairment Charges and Lease 87

Impairment Charges and Lease Termination Costs (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Feb. 02, 2014	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014
Loss Contingencies [Line Items]
Impairment of long-lived assets - current period charges		$ 4,886	$ 901
Adjustments to previously recorded provisions		$ 30	$ (5)	$ 1,351
Colchester Security Litigation [Member]
Loss Contingencies [Line Items]
Adjustments to previously recorded provisions	$ 1,400
Litigation settlement, amount	$ 1,800

Impairment Charges and Lease 88

Impairment Charges and Lease Termination Costs (Schedule of Lease Termination Liability) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014
Lease Termination Costs [Roll Forward]
Balance at beginning of period	$ 116	$ 178	$ 646
Provisions associated with leased properties, net of estimated sublease rentals	313	44
Adjustments to previously recorded provisions resulting from settlements with lessors and adjustments of previous estimates	30	(5)	$ 1,351
Accretion of Discount	9	17	23
Total provision	352	56	1,374
Payments on unexpired leases, including settlements with lessors	(190)	(118)	(1,842)
Balance at end of period	278	116	178
Current portion of lease termination costs				$ 278	$ 94	$ 74
Non-current portion of lease termination costs					22	104
Total	$ 116	$ 116	$ 178	$ 278	$ 116	$ 178

Income Taxes (Schedule of Compo

Income Taxes (Schedule of Components of Provision for Income Taxes) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 31, 2016	Nov. 01, 2015	Aug. 02, 2015	May. 03, 2015	Feb. 01, 2015	Nov. 02, 2014	Aug. 03, 2014	May. 04, 2014	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014
Income Taxes [Abstract]
Current									$ 2,786	$ 2,427	$ 2,790
Deferred									16,650	15,729	8,014
Provision for income taxes	$ 2,714	$ 5,564	$ 4,595	$ 6,563	$ 2,995	$ 4,633	$ 3,865	$ 6,663	$ 19,436	$ 18,156	$ 10,804

Income Taxes (Schedule of Recon

Income Taxes (Schedule of Reconciliation of Tax Provision) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 31, 2016	Nov. 01, 2015	Aug. 02, 2015	May. 03, 2015	Feb. 01, 2015	Nov. 02, 2014	Aug. 03, 2014	May. 04, 2014	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014
Income Taxes [Abstract]
Income taxes at statutory federal rate									$ 18,142	$ 16,875	$ 15,771
State income taxes, net of federal income tax benefit									1,139	1,662	1,902
Reversal of valuation allowance on deferred income tax assets									(817)	$ (150)	(4,306)
Benefit of foreign tax credits in excess of benefit previously recorded									(910)		(4,481)
Foreign taxes, principally withholding taxes									2,625	$ 2,457	2,309
Credit for foreign income taxes									(2,625)	$ (2,457)	(2,309)
Other changes in tax credit carryforwards									(27)		118
Accruals for uncertain tax positions									40		359
Accruals for interest and penalties									66	$ 15	3
Other change in estimated future blended state income tax rate									1,408	73	717
Other									395	(319)	721
Provision for income taxes	$ 2,714	$ 5,564	$ 4,595	$ 6,563	$ 2,995	$ 4,633	$ 3,865	$ 6,663	$ 19,436	$ 18,156	$ 10,804

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($)	3 Months Ended		12 Months Ended
	Jan. 31, 2016	Aug. 02, 2015	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014	Feb. 03, 2013
Income Taxes [Abstract]
Estimated pretax income			$ 56,300,000	$ 45,000,000
Reduction in deferred tax asset due to lapse of statute of limitations			267,000
Valuation allowance on deferred income tax assets	$ 1,419,000		1,419,000	2,566,000	$ 2,675,000	$ 9,767,000
Reversal of valuation allowance on deferred income tax assets			(817,000)	$ (150,000)	(4,306,000)
Benefit of foreign tax credits in excess of benefit previously recorded			(910,000)		(4,481,000)
Income Tax Reconciliation Other Foreign Taxes			2,625,000	$ 2,457,000	2,309,000
Aggregate Credit To Income Tax Expense			1,700,000
Reduction in valuation allowance related to enacted change in North Carolina statutory income tax rate	$ 63,000		$ 63,000		314,000
Reclassification Valuation Allowance Foreign Tax Credits					2,472,000
Tax Benefits If Recognized Recorded To Common Stock			$ 24,000,000
Income Taxes Paid, Net			2,600,000	$ 2,500,000	2,500,000
Unrecognized Tax Benefits	$ 1,981,000		1,981,000	1,965,000	$ 1,952,000	$ 1,327,000
Unrecognized Tax Benefits That Would Impact Income Tax Expense	2,000,000		2,000,000
Interest and penalties accrued	379,000		379,000	313,000
Interest and penalty expense			66,000	15,000
Operating Loss Carryforwards [Line Items]
Increase (decrease) in valuation allowance	(1,084,000)
Automatic Reduction in State Corporate Income Tax Rate [Member]
Operating Loss Carryforwards [Line Items]
Increase (decrease) in valuation allowance		$ (63,000)
Deferred Tax Assets
Tax effect of change in tax rate		$ (467,000)
Foreign Tax Credit Carryforwards [Member]
Operating Loss Carryforwards [Line Items]
Tax Credit Carryforward, Amount	2,900,000		2,900,000	$ 5,200,000
Federal Tax Credit Carryforwards [Member]
Operating Loss Carryforwards [Line Items]
Tax Credit Carryforward, Amount	16,700,000		16,700,000
Federal Income Tax Loss Carryforwards Excluding Employee Equity Awards [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards Federal	60,000,000		60,000,000
Federal Income Tax Loss Carryforwards Related To Employee Equity Awards [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards Federal	$ 64,000,000		$ 64,000,000

Income Taxes (Schedule of Tax E

Income Taxes (Schedule of Tax Effects of Temporary Differences) (Details) - USD ($) $ in Thousands	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014	Feb. 03, 2013
Income Taxes [Abstract]
Goodwill and reacquired franchise rights		$ 1,325
Other intangible assets	$ 1,463	1,505
Allowance for doubtful accounts	108	191
Other current assets	1,444	1,124
Property and equipment	5,997	6,202
Other non-current assets	1,600	2,777
Self-insurance accruals	3,545	3,434
Deferred revenue	3,425	2,608
Accrued compensation	3,932	5,154
Other current liabilities	911	998
Other non-current liabilities	3,505	3,488
Share-based compensation	8,375	8,489
Federal net operating loss carryforwards	19,619	34,709
Federal tax credit carryforwards	16,680	12,642
State net operating loss and credit carryforwards	6,788	8,938
Other	554	505
Gross deferred income tax assets	77,946	94,089
Valuation allowance on deferred income tax assets	(1,419)	(2,566)	$ (2,675)	$ (9,767)
Deferred income tax assets, net of valuation allowance	76,527	$ 91,523
Deferred income tax liabilities - goodwill and reacquired franchise rights	(1,653)
Net deferred income tax assets	$ 74,874	$ 91,523

Income Taxes (Schedule of Valua

Income Taxes (Schedule of Valuation Allowance) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014
Income Taxes [Abstract]
Balance at beginning of year	$ 2,566	$ 2,675	$ 9,767
Reversal of allowance credited to earnings	(817)	$ (150)	$ (4,306)
Reduction of valuation allowance due to state NOL deferred tax assets expirations not affecting earnings	$ (267)
Reclassification of valuation allowance against deferred tax assets not affecting earnings			$ (2,472)
Reduction in valuation allowance related to enacted change in North Carolina statutory income tax rate	$ (63)		$ (314)
Other		$ 41
Balance at end of year	$ 1,419	$ 2,566	$ 2,675

Income Taxes (Schedule of Unrec

Income Taxes (Schedule of Unrecognized Tax Benefits) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014
Income Taxes [Abstract]
Unrecognized tax benefits at beginning of year	$ 1,965	$ 1,952	$ 1,327
Increases related to positions taken in the current year	70	108	105
Increases related to positions taken in prior years	22		702
(Decreases) related to positions taken in prior years		(21)
Lapsing of statutes of limitations	(76)	(74)	(182)
Unrecognized tax benefits at end of year	$ 1,981	$ 1,965	$ 1,952

Related Transactions (Details)

Related Transactions (Details) - Equity Method Investee [Member] - USD ($) $ in Millions	12 Months Ended
	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014
K K Supply Chain Revenue [Member]
Related Party Transaction [Line Items]
Revenue from related party	$ 9.8	$ 9.5	$ 9.4
Royalty Revenue [Member]
Related Party Transaction [Line Items]
Revenue from related party	$ 1.4	$ 1.3	$ 1.3

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($)	12 Months Ended
	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014
Defined Contribution Plan Disclosure [Line Items]
401(k) mirror plan assets	$ 2,158,000	$ 2,496,000
401(k) mirror plan liability	$ 2,158,000	2,496,000
Employee 401(k) Savings Plan [Member]
Defined Contribution Plan Disclosure [Line Items]
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent	100.00%
Company match of participant contribution	50.00%
Defined Contribution Plan Employer Matching Contribution Percent	6.00%
Defined Contribution Plan, Cost Recognized	$ 1,000,000	$ 910,000	$ 860,000
Minimum [Member] | Employee 401(k) Mirror Savings Plan [Member]
Defined Contribution Plan Disclosure [Line Items]
Nonqualified Deferred Comp Plan Annual Contribution Per Employee Percent	1.00%
Nonqualified Deferred Comp Plan Annual Bonus Contribution Per Employee Percent	1.00%
Maximum [Member] | Employee 401(k) Mirror Savings Plan [Member]
Defined Contribution Plan Disclosure [Line Items]
Nonqualified Deferred Comp Plan Annual Contribution Per Employee Percent	15.00%
Nonqualified Deferred Comp Plan Annual Bonus Contribution Per Employee Percent	100.00%

Fair Value Measurements (Assets

Fair Value Measurements (Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Thousands	Jan. 31, 2016	Feb. 01, 2015
Assets:
401(k) mirror plan assets	$ 2,158	$ 2,496
Liabilities:
Commodity futures contracts		1,811
Agricultural Commodity Futures Contracts [Member]
Liabilities:
Commodity futures contracts		874
Gasoline Commodity Futures Contracts [Member]
Liabilities:
Commodity futures contracts		937
Recurring [Member] | Level 1 [Member]
Assets:
401(k) mirror plan assets	$ 2,158	2,496
Liabilities:
Commodity futures contracts		1,811
Recurring [Member] | Level 1 [Member] | Agricultural Commodity Futures Contracts [Member]
Liabilities:
Commodity futures contracts		874
Recurring [Member] | Level 1 [Member] | Gasoline Commodity Futures Contracts [Member]
Liabilities:
Commodity futures contracts		$ 937
Recurring [Member] | Level 2 [Member]
Assets:
401(k) mirror plan assets
Liabilities:
Commodity futures contracts
Recurring [Member] | Level 2 [Member] | Agricultural Commodity Futures Contracts [Member]
Liabilities:
Commodity futures contracts
Recurring [Member] | Level 2 [Member] | Gasoline Commodity Futures Contracts [Member]
Liabilities:
Commodity futures contracts
Recurring [Member] | Level 3 [Member]
Assets:
401(k) mirror plan assets
Liabilities:
Commodity futures contracts
Recurring [Member] | Level 3 [Member] | Agricultural Commodity Futures Contracts [Member]
Liabilities:
Commodity futures contracts
Recurring [Member] | Level 3 [Member] | Gasoline Commodity Futures Contracts [Member]
Liabilities:
Commodity futures contracts

Fair Value Measurements (Asse98

Fair Value Measurements (Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Reversal of previously recorded accrued rent expense	$ 555	$ 2
Fair Value, Measurements, Nonrecurring [Member] | Carrying Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-lived assets	11,900	1,200
Fair Value, Measurements, Nonrecurring [Member] | Total Gain (Loss) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-lived assets	(4,886)	$ (901)
Lease termination liabilities	$ 242
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-lived assets
Lease termination liabilities
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-lived assets	$ 6,965	$ 270
Lease termination liabilities	$ 313
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-lived assets
Lease termination liabilities

Derivative Instruments (Narrati

Derivative Instruments (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Aug. 04, 2013	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014
Derivative [Line Items]
Loss on cash flow hedge reclassified to net income, previously charged to other comprehensive income				$ 516
Interest Rate Contract [Member]
Derivative [Line Items]
Inception date	Mar. 3, 2011
Effective date	Apr. 1, 2012
Maturity date	Dec. 31, 2015
Termination date	Jul. 12, 2013
Notional amount	$ 17,500
Loss on cash flow hedge reclassified to net income, previously charged to other comprehensive income	$ 516
Interest Rate Contract [Member] | LIBOR [Member]
Derivative [Line Items]
Spread over variable rate	3.00%

Derivative Instruments (Fair Va

Derivative Instruments (Fair Value by Balance Sheet Location) (Details) - USD ($) $ in Thousands	Jan. 31, 2016	Feb. 01, 2015
Derivatives, Fair Value [Line Items]
Commodity futures contracts		$ 1,811
Agricultural Commodity Futures Contracts [Member]
Derivatives, Fair Value [Line Items]
Commodity futures contracts		874
Gasoline Commodity Futures Contracts [Member]
Derivatives, Fair Value [Line Items]
Commodity futures contracts		937
Accrued Liabilities [Member] | Agricultural Commodity Futures Contracts [Member]
Derivatives, Fair Value [Line Items]
Commodity futures contracts		874
Accrued Liabilities [Member] | Gasoline Commodity Futures Contracts [Member]
Derivatives, Fair Value [Line Items]
Commodity futures contracts		$ 937

Derivative Instruments (Effect

Derivative Instruments (Effect of Derivative Instuments by Income Statement Location) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Aug. 04, 2013	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Change in fair value of derivative				$ 36
Less - income tax effect				(14)
Unrealized gain on cash flow hedge, net of taxes				22
Loss on cash flow hedge reclassified to net income, previously charged to other comprehensive income				516
Less - income tax effect				(200)
Loss on cash flow hedge reclassified to net income, previously charged to other comprehensive income, net of taxes				316
Total other comprehensive income				338
Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in income		$ (900)	$ (2,124)	(1,459)
Interest Rate Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Loss on cash flow hedge reclassified to net income, previously charged to other comprehensive income	$ 516
Gains and Losses on Commodity Derivatives, Net [Member] | Agricultural Commodity Futures Contracts [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in income		(661)	(903)	$ (1,459)
Gains and Losses on Commodity Derivatives, Net [Member] | Gasoline Commodity Futures Contracts [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in income		$ (239)	$ (1,221)
Interest Expense [Member] | Interest Rate Contract [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in income				$ (39)
Loss on Retirement of Debt [Member] | Interest Rate Contract [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in income				$ (516)

Acquisitions and Divestiture102

Acquisitions and Divestitures (Acquisition of Krispy Kreme Shops) (Details)	Apr. 23, 2015USD ($)	Jun. 17, 2014USD ($)stores	Dec. 31, 2013USD ($)stores	Aug. 31, 2006USD ($)stores	Aug. 03, 2014USD ($)	Jan. 31, 2016USD ($)	Feb. 01, 2015USD ($)	Feb. 02, 2014USD ($)
Business Acquisition [Line Items]
Payments to acquire businesses, net of cash acquired						$ 1,877,000	$ 7,152,000	$ 1,603,000
CPG Rights [Member] | Franchise Rights [Member]
Business Acquisition [Line Items]
Reacquired franchise rights						$ 1,600,000
Little Rock Acquisition [Member]
Business Acquisition [Line Items]
Net sales							$ 2,700,000
Payments to acquire businesses, net of cash acquired	$ 312,000
Property and equipment	252,000
Reacquired franchise rights	137,000
Inventory	27,000
Unfavorable lease liability	$ 104,000
Illinois Store Acquisition [Member]
Business Acquisition [Line Items]
Net sales								3,000,000
Number of stores acquired | stores			1
Payments to acquire businesses, net of cash acquired			$ 1,600,000
Birmingham, Alabama Store Acquisition [Member]
Business Acquisition [Line Items]
Net sales								$ 9,000,000
Number of stores acquired | stores		4
Acquisition expenses					$ 431,000
Settlement of pre-existing franchise agreement					343,000
Acquisition-related transaction costs					88,000
Cash consideration for acquisition		$ 7,500,000
Property and equipment					710,000
Birmingham, Alabama Store Acquisition [Member] | CPG Rights [Member]
Business Acquisition [Line Items]
Reacquired franchise rights					$ 3,853,000
August 2006 Asset Acquisition [Member]
Business Acquisition [Line Items]
Number of stores acquired | stores				3
Cash consideration for acquisition				$ 2,900,000

Acquisitions and Divestiture103

Acquisitions and Divestitures (Schedule of Acquired Business) (Details) - USD ($) $ in Thousands	Jan. 31, 2016	Feb. 01, 2015	Aug. 03, 2014
Company Stores [Member]
Purchase price allocated to:
Goodwill	$ 2,594	$ 2,594
Birmingham, Alabama Store Acquisition [Member]
Purchase price allocated to:
Working capital, exclusive of cash			$ (5)
Property and equipment			710
Purchase price			7,152
Birmingham, Alabama Store Acquisition [Member] | Company Stores [Member]
Purchase price allocated to:
Reacquired franchise rights			3,853
Goodwill			$ 2,594

Acquisitions and Divestiture104

Acquisitions and Divestitures (Asset Divestitures) (Details)	Sep. 09, 2014USD ($)stores	Jul. 11, 2013USD ($)stores	Feb. 22, 2013USD ($)stores	Sep. 27, 2012USD ($)stores	Oct. 31, 2014USD ($)	Jan. 31, 2016USD ($)	Nov. 01, 2015USD ($)	Aug. 02, 2015USD ($)	May. 03, 2015USD ($)	Feb. 01, 2015USD ($)	Nov. 02, 2014USD ($)	Aug. 03, 2014USD ($)	May. 04, 2014USD ($)	Nov. 03, 2013USD ($)	Jan. 31, 2016USD ($)	Feb. 01, 2015USD ($)	Feb. 02, 2014USD ($)	Feb. 03, 2013USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from refranchising																$ 1,847,000	$ 681,000
Gain on refranchising transaction																1,247,000	876,000
Gain (loss) on sale of equipment															$ (161,000)	(238,000)	$ 1,879,000
Gain on reversal of accrued rent expense															555,000	2,000
Interest income						$ 79,000	$ 68,000	$ 72,000	$ 147,000	$ 109,000	$ 62,000	$ 64,000	$ 171,000		$ 366,000	$ 406,000	$ 616,000
Maryland Divestiture [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from refranchising	$ 1,800,000
Gain on refranchising transaction	$ 1,200,000
Future store locations required | stores	20
Dallas Divestiture [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of stores sold | stores		3
Proceeds from refranchising		$ 681,000
Aggregate purchase price					$ 2,100,000
Net sales attributable to refranchised stores																		$ 7,000,000
CPG percentage of net sales																		45.00%
Gain on refranchising transaction		876,000
Gain (loss) on sale of equipment		462,000
Gain on reversal of accrued rent expense		$ 414,000
Leased stores to franchisee | stores		2
Future store locations required | stores		15
Kansas and Missouri Divestiture [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of stores sold | stores			3
Aggregate purchase price			$ 1,100,000
Notes receivable, gross			$ 1,100,000
Percent of sales used to calculate principal payment on note receivable			3.50%
Notes receivable, interest rate spread			7.00%
Net sales attributable to refranchised stores																		$ 9,000,000
September 2012 Divestiture [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of stores sold | stores				3
Proceeds from refranchising				$ 360,000
Aggregate purchase price				3,600,000
Notes receivable, gross				3,200,000
Gain on refranchising transaction														$ 1,700,000
Notes receivable, periodic payment				51,000
Deferred gain on sale				$ 1,700,000
Interest income														$ 210,000
Percent investment must exceed to consider gain recognition				20.00%
Carrying amount of assets sold				$ 1,900,000

Selected Quarterly Financial105

Selected Quarterly Financial Data (Schedule of Income Statement Data) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 31, 2016	Nov. 01, 2015	Aug. 02, 2015	May. 03, 2015	Feb. 01, 2015	Nov. 02, 2014	Aug. 03, 2014	May. 04, 2014	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014
Selected Quarterly Financial Data [Abstract]
Revenues	$ 130,360	$ 128,544	$ 127,336	$ 132,474	$ 125,367	$ 122,871	$ 120,516	$ 121,580	$ 518,714	$ 490,334	$ 460,331
Operating expenses:
Direct operating expenses (exclusive of depreciation and amortization expense shown below)	103,640	102,924	104,145	103,772	99,420	101,067	99,067	96,390	414,481	395,944	376,653
General and administrative expenses	6,578	6,796	6,718	7,554	9,221	5,553	6,737	7,047	27,646	28,558	25,149
Depreciation and amortization expense	4,076	4,056	4,074	3,993	3,354	3,280	3,033	3,173	16,199	12,840	11,106
Impairment charges and lease termination costs	4,437	(22)	304	4	905	4	38	8	4,723	955	1,374
Pre-opening costs related to Company Stores	$ 906	923	515	323	1,357	702	245	226	2,667	2,530	563
(Gains) and losses on commodity derivatives, net		506	841	(447)	$ 1,546	681	1,341	$ (1,444)	$ 900	2,124	1,459
(Gain) on refranchisings, net of business acquisition charges						(1,285)	431			(854)	(2,543)
Operating income	$ 10,723	13,361	10,739	17,275	$ 9,564	12,869	9,624	$ 16,180	$ 52,098	48,237	46,570
Interest income	79	68	72	147	109	62	64	171	366	406	616
Interest expense	(437)	(437)	(387)	(377)	(321)	(230)	(162)	(143)	$ (1,638)	(856)	(1,057)
Equity in losses of equity method franchisees					53	(53)	(61)	(57)		(118)	(221)
Other non-operating income and (expense), net	595	140	89	184	136	91	152	168	$ 1,008	547	119
Income before income taxes	10,960	13,132	10,513	17,229	9,541	12,739	9,617	16,319	51,834	48,216	45,060
Provision for income taxes	2,714	5,564	4,595	6,563	2,995	4,633	3,865	6,663	19,436	18,156	10,804
Net income	$ 8,246	$ 7,568	$ 5,918	$ 10,666	$ 6,546	$ 8,106	$ 5,752	$ 9,656	$ 32,398	$ 30,060	$ 34,256
Earnings per common share:
Basic	$ 0.13	$ 0.12	$ 0.09	$ 0.16	$ 0.10	$ 0.12	$ 0.09	$ 0.15	$ 0.50	$ 0.45	$ 0.51
Diluted	$ 0.13	$ 0.11	$ 0.09	$ 0.16	$ 0.10	$ 0.12	$ 0.08	$ 0.14	$ 0.48	$ 0.44	$ 0.48

Selected Quarterly Financial106

Selected Quarterly Financial Data (Schedule of Segment Data) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 31, 2016	Nov. 01, 2015	Aug. 02, 2015	May. 03, 2015	Feb. 01, 2015	Nov. 02, 2014	Aug. 03, 2014	May. 04, 2014	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014
Segment Reporting Information [Line Items]
Revenues	$ 130,360	$ 128,544	$ 127,336	$ 132,474	$ 125,367	$ 122,871	$ 120,516	$ 121,580	$ 518,714	$ 490,334	$ 460,331
General and administrative expenses	(6,578)	(6,796)	(6,718)	(7,554)	(9,221)	(5,553)	(6,737)	(7,047)	(27,646)	(28,558)	(25,149)
Depreciation and amortization expense	(4,076)	(4,056)	(4,074)	(3,993)	(3,354)	(3,280)	(3,033)	(3,173)	(16,199)	(12,840)	(11,106)
Impairment charges and lease termination costs	(4,437)	22	(304)	(4)	(905)	(4)	(38)	(8)	(4,723)	(955)	(1,374)
Pre-opening costs related to Company Stores	$ (906)	(923)	(515)	(323)	(1,357)	(702)	(245)	(226)	(2,667)	(2,530)	(563)
Gains and (losses) on commodity derivatives, net		(506)	(841)	447	$ (1,546)	(681)	(1,341)	$ 1,444	$ (900)	(2,124)	(1,459)
Gain on refranchisings, net of business acquisition charges						1,285	(431)			854	2,543
Operating income	$ 10,723	13,361	10,739	17,275	$ 9,564	12,869	9,624	$ 16,180	$ 52,098	48,237	46,570
Segments [Member]
Segment Reporting Information [Line Items]
Operating income	23,305	22,147	19,663	25,304	22,976	18,897	18,778	22,388	90,419	83,039	73,826
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
General and administrative expenses	(6,578)	(6,796)	(6,718)	(7,554)	(9,221)	(5,553)	(6,737)	(7,047)	(27,646)	(28,558)	(25,149)
Depreciation and amortization expense	(661)	(583)	(546)	(595)	(383)	(373)	(362)	(371)	(2,385)	(1,489)	(1,254)
Impairment charges and lease termination costs	(4,437)	22	(304)	(4)	(905)	(4)	(38)	(8)	(4,723)	(955)	(1,374)
Pre-opening costs related to Company Stores	$ (906)	(923)	(515)	(323)	(1,357)	(702)	(245)	(226)	(2,667)	(2,530)	(563)
Gains and (losses) on commodity derivatives, net		(506)	(841)	447	$ (1,546)	(681)	(1,341)	$ 1,444	$ (900)	(2,124)	(1,459)
Gain on refranchisings, net of business acquisition charges						1,285	(431)			854	2,543
Company Stores [Member]
Segment Reporting Information [Line Items]
Revenues	$ 87,307	87,354	84,117	90,717	$ 83,744	82,579	78,535	$ 80,448	$ 349,495	325,306	306,825
Depreciation and amortization expense									(12,736)	(10,534)	(9,039)
Operating income	2,402	4,149	1,592	7,357	3,955	1,688	1,937	4,642	15,500	12,222	11,021
Domestic Franchise [Member]
Segment Reporting Information [Line Items]
Revenues	4,202	3,651	3,936	3,709	3,381	3,274	3,296	3,499	15,498	13,450	11,839
Depreciation and amortization expense									(65)	(135)	(119)
Operating income	3,228	1,962	2,440	2,094	2,058	1,951	1,900	2,156	9,724	8,065	6,416
International Franchise [Member]
Segment Reporting Information [Line Items]
Revenues	7,371	6,323	7,314	6,728	7,631	6,852	7,534	6,581	$ 27,736	28,598	25,607
Depreciation and amortization expense										(5)	(7)
Operating income	5,429	4,534	5,487	4,904	5,587	5,048	5,111	4,280	$ 20,354	20,026	17,977
KK Supply Chain [Member]
Segment Reporting Information [Line Items]
Revenues	31,480	31,216	31,969	31,320	30,611	30,166	31,151	31,052	125,985	122,980	116,060
Depreciation and amortization expense									(1,013)	(677)	(687)
Operating income	12,246	11,502	10,144	10,949	11,376	10,210	9,830	11,310	44,841	42,726	38,412
KK Supply Chain [Member] | Segments [Member]
Segment Reporting Information [Line Items]
Revenues	64,195	63,359	63,469	63,517	63,292	61,581	59,503	60,312	254,540	244,688	231,229
KK Supply Chain [Member] | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues	$ (32,715)	$ (32,143)	$ (31,500)	$ (32,197)	$ (32,681)	$ (31,415)	$ (28,352)	$ (29,260)	$ (128,555)	$ (121,708)	$ (115,169)

SCHEDULE I - CONDENSED FINAN107

SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended			31 Months Ended
	Jan. 31, 2016	Nov. 01, 2015	Aug. 02, 2015	May. 03, 2015	Feb. 01, 2015	Nov. 02, 2014	Aug. 03, 2014	May. 04, 2014	Jan. 31, 2016	Feb. 01, 2015	Feb. 02, 2014	Jan. 31, 2016	Feb. 03, 2013
STATEMENT OF INCOME
Equity in income of subsidiaries					$ 53	$ (53)	$ (61)	$ (57)		$ (118)	$ (221)
Miscellaneous expenses	$ 595	$ 140	$ 89	$ 184	136	91	152	168	$ 1,008	547	119
Income before income taxes	10,960	13,132	10,513	17,229	9,541	12,739	9,617	16,319	51,834	48,216	45,060
Provision for income taxes	2,714	5,564	4,595	6,563	2,995	4,633	3,865	6,663	19,436	18,156	10,804
Net income	$ 8,246	$ 7,568	$ 5,918	$ 10,666	$ 6,546	$ 8,106	$ 5,752	$ 9,656	$ 32,398	$ 30,060	$ 34,256
Earnings per common share:
Basic	$ 0.13	$ 0.12	$ 0.09	$ 0.16	$ 0.10	$ 0.12	$ 0.09	$ 0.15	$ 0.50	$ 0.45	$ 0.51
Diluted	$ 0.13	$ 0.11	$ 0.09	$ 0.16	$ 0.10	$ 0.12	$ 0.08	$ 0.14	$ 0.48	$ 0.44	$ 0.48
STATEMENT OF COMPREHENSIVE INCOME
Net income	$ 8,246	$ 7,568	$ 5,918	$ 10,666	$ 6,546	$ 8,106	$ 5,752	$ 9,656	$ 32,398	$ 30,060	$ 34,256
Other comprehensive income											338
Comprehensive income									$ 32,398	$ 30,060	34,594
ASSETS
Investment in and advances to subsidiaries
SHAREHOLDERS' EQUITY
Preferred stock
Common stock	$ 266,724				$ 310,768				$ 266,724	$ 310,768		$ 266,724
Accumulated other comprehensive income
Accumulated deficit	$ (10,584)				$ (42,982)				$ (10,584)	$ (42,982)		$ (10,584)
Total shareholders equity	256,140				267,786				256,140	267,786	265,093	256,140	$ 246,432
CASH FLOW FROM OPERATING ACTIVITIES:
Net income	8,246	$ 7,568	$ 5,918	10,666	6,546	8,106	5,752	9,656	$ 32,398	30,060	34,256
Equity in income of subsidiaries					(53)	$ 53	$ 61	57		118	221
Net cash provided by operating activities									$ 78,938	62,874	56,912
CASH FLOW FROM INVESTING ACTIVITIES:
Net cash used for investing activities									(29,156)	(33,645)	(22,166)
CASH FLOW FROM FINANCING ACTIVITIES:
Repurchase of common shares									(51,561)	(43,881)	(23,057)	(111,600)
Net cash used for financing activities									(49,968)	(34,006)	(45,330)
Net decrease in cash and cash equivalents									(186)	(4,777)	(10,584)
Cash and cash equivalents at beginning of year				$ 50,971				$ 55,748	50,971	55,748	66,332
Cash and cash equivalents at end of year	50,785				50,971				50,785	50,971	55,748	50,785
Parent Company [Member]
STATEMENT OF INCOME
Equity in income of subsidiaries									$ 32,398	$ 30,060	$ 34,256
Miscellaneous expenses
Income before income taxes									$ 32,398	$ 30,060	$ 34,256
Provision for income taxes
Net income									$ 32,398	$ 30,060	$ 34,256
Earnings per common share:
Basic									$ 0.50	$ 0.45	$ 0.51
Diluted									$ 0.48	$ 0.44	$ 0.48
STATEMENT OF COMPREHENSIVE INCOME
Net income									$ 32,398	$ 30,060	$ 34,256
Other comprehensive income											338
Comprehensive income									$ 32,398	$ 30,060	34,594
ASSETS
Investment in and advances to subsidiaries	$ 256,140				$ 267,786				$ 256,140	$ 267,786		$ 256,140
SHAREHOLDERS' EQUITY
Preferred stock
Common stock	$ 266,724				$ 310,768				$ 266,724	$ 310,768		$ 266,724
Accumulated other comprehensive income
Accumulated deficit	$ (10,584)				$ (42,982)				$ (10,584)	$ (42,982)		$ (10,584)
Total shareholders equity	$ 256,140				$ 267,786				256,140	267,786		$ 256,140
CASH FLOW FROM OPERATING ACTIVITIES:
Net income									32,398	30,060	34,256
Equity in income of subsidiaries									$ (32,398)	$ (30,060)	$ (34,256)
Net cash provided by operating activities
CASH FLOW FROM INVESTING ACTIVITIES:
Investments in subsidiaries									$ 49,628	$ 33,622	$ 20,540
Net cash used for investing activities									49,628	33,622	20,540
CASH FLOW FROM FINANCING ACTIVITIES:
Proceeds from exercise of stock options									1,933	10,259	2,517
Repurchase of common shares									(51,561)	(43,881)	(23,057)
Net cash used for financing activities									$ (49,628)	$ (33,622)	$ (20,540)
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year