Citi Trends (CTRN) 10-Q3 Sep 142014 Q2 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
Document and Entity Information	Aug. 02, 2014	Aug. 18, 2014
Document and Entity Information	'	'
Entity Registrant Name	'Citi Trends Inc	'
Entity Central Index Key	'0001318484	'
Document Type	'10-Q	'
Document Period End Date	2-Aug-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--01-31	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	15,579,517
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Aug. 02, 2014	Feb. 01, 2014
In Thousands, unless otherwise specified	Aug. 02, 2014	Feb. 01, 2014
Current assets:	'	'
Cash and cash equivalents	$70,707	$58,928
Short-term investment securities	13,033	6,004
Inventory	120,456	126,501
Prepaid and other current assets	14,825	11,221
Income tax receivable	'	394
Deferred tax asset	4,320	4,711
Total current assets	223,341	207,759
Property and equipment, net of accumulated depreciation of $172,112 and $161,868 as of August 2, 2014 and February 1, 2014, respectively	51,746	56,154
Long-term investment securities	18,135	19,777
Deferred tax asset	7,167	6,932
Other assets	663	686
Total assets	301,052	291,308
Current liabilities:	'	'
Accounts payable	58,845	60,037
Accrued expenses	16,228	14,651
Accrued compensation	9,658	9,548
Income tax payable	1,500	'
Layaway deposits	1,824	515
Total current liabilities	88,055	84,751
Other long-term liabilities	6,588	7,686
Total liabilities	94,643	92,437
Stockholders' equity:	'	'
Common stock, $0.01 par value. Authorized 32,000,000 shares; 15,745,478 shares issued as of August 2, 2014 and 15,604,805 shares issued as of February 1, 2014; 15,579,728 shares outstanding as of August 2, 2014 and 15,439,055 outstanding as of February 1, 2014	151	150
Paid-in-capital	83,852	82,815
Retained earnings	122,571	116,071
Treasury stock, at cost; 165,750 shares as of August 2, 2014 and February 1, 2014	-165	-165
Total stockholders' equity	206,409	198,871
Commitments and contingencies (note 10)	'	'
Total liabilities and stockholders' equity	$301,052	$291,308

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Aug. 02, 2014	Feb. 01, 2014
In Thousands, except Share data, unless otherwise specified	Aug. 02, 2014	Feb. 01, 2014
Condensed Consolidated Balance Sheets	'	'
Property and equipment, accumulated depreciation (in dollars)	$172,112	$161,868
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares issued	15,745,478	15,604,805
Common stock, shares outstanding	15,579,728	15,439,055
Treasury stock, shares	165,750	165,750

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Aug. 02, 2014	Aug. 03, 2013	Aug. 02, 2014	Aug. 03, 2013
Condensed Consolidated Statements of Operations	'	'	'	'
Net sales	$144,987	$137,821	$333,003	$319,649
Cost of sales (exclusive of depreciatoin shown separately below)	-91,540	-88,299	-206,307	-202,804
Selling, general and administrative expenses	-53,197	-51,920	-107,172	-103,828
Depreciation	-5,108	-5,667	-10,268	-11,262
Asset impairment	-83	-654	-83	-681
Income (loss) from operations	-4,941	-8,719	9,173	1,074
Interest income	39	67	92	135
Interest expense	-56	-49	-104	-96
Income (loss) before income tax expense (benefit)	-4,958	-8,701	9,161	1,113
Income tax expense (benefit)	-2,379	-3,208	2,661	442
Net income (loss)	($2,579)	($5,493)	$6,500	$671
Basic net income (loss) per common share (in dollars per share)	($0.17)	($0.37)	$0.44	$0.05
Diluted net income (loss) per common share (in dollars per share)	($0.17)	($0.37)	$0.43	$0.05
Weighted average number of shares outstanding	'	'	'	'
Basic (in shares)	14,972,186	14,801,217	14,936,540	14,776,427
Diluted (in shares)	14,972,186	14,801,217	14,945,542	14,777,944

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Cash Flows (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Aug. 02, 2014	Aug. 03, 2013
Operating activities:	'	'
Net income	$6,500	$671
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation	10,268	11,262
Asset impairment	83	681
Loss on disposal of property and equipment	1	1
Deferred income taxes	156	-40
Noncash stock-based compensation expense	2,116	1,772
Excess tax benefits from stock-based payment arrangements	-332	356
Changes in assets and liabilities:	'	'
Inventory	6,045	21,071
Prepaid and other current assets	-3,604	-2,879
Other assets	23	25
Accounts payable	-1,192	1,602
Accrued expenses and other long-term liabilities	184	-236
Accrued compensation	110	822
Income tax receivable/payable	2,226	79
Layaway deposits	1,309	1,243
Net cash provided by operating activities	23,893	36,430
Investing activities:	'	'
Sales/redemptions of investment securities	5,937	2,715
Purchases of investment securities	-11,324	-8,390
Purchases of property and equipment	-5,649	-5,837
Net cash used in investing activities	-11,036	-11,512
Financing activities:	'	'
Excess tax benefits from stock-based payment arrangements	332	-356
Cash used to settle withholding taxes on the vesting of nonvested restricted stock	-1,410	-583
Net cash used in financing activities	-1,078	-939
Net increase in cash and cash equivalents	11,779	23,979
Cash and cash equivalents:	'	'
Beginning of period	58,928	37,263
End of period	70,707	61,242
Supplemental disclosures of cash flow information:	'	'
Cash paid for interest	70	63
Cash payments of income taxes	279	403
Supplemental disclosures of noncash investing activities:	'	'
Increase in accrual for purchases of property and equipment	$295	$325

Basis_of_Presentation

Basis of Presentation	6 Months Ended
Basis of Presentation	Aug. 02, 2014
Basis of Presentation	'
Basis of Presentation	'
	1. Basis of Presentation

	Citi Trends, Inc. and its subsidiary (the “Company”) operate as a value-priced retailer of urban fashion apparel and accessories for the entire family. As of August 2, 2014, the Company operated 509 stores in 29 states.

	The condensed consolidated balance sheet as of August 2, 2014, the condensed consolidated statements of operations for the twenty-six and thirteen week periods ended August 2, 2014 and August 3, 2013, and the condensed consolidated statements of cash flows for the twenty-six week periods ended August 2, 2014 and August 3, 2013 have been prepared by the Company without audit. The condensed consolidated balance sheet as of February 1, 2014 has been derived from the audited financial statements as of that date, but does not include all required year-end disclosures. In the opinion of management, such statements include all adjustments considered necessary to present fairly the Company’s financial position as of August 2, 2014 and February 1, 2014, and its results of operations and cash flows for all periods presented. It is suggested that these condensed consolidated financial statements be read in conjunction with the consolidated financial statements and the notes thereto included in the Company’s latest Annual Report on Form 10-K for the year ended February 1, 2014.

	The accompanying unaudited condensed consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all information and footnotes required by U.S. GAAP for complete financial statements. Operating results for the interim periods ended August 2, 2014 are not necessarily indicative of the results that may be expected for the fiscal year ending January 31, 2015.

	The following contains references to years 2014 and 2013, which represent fiscal years ending or ended on January 31, 2015 and February 1, 2014, respectively. Fiscal 2014 and fiscal 2013 both have 52-week accounting periods.

Use_of_Estimates

Use of Estimates	6 Months Ended
Use of Estimates	Aug. 02, 2014
Use of Estimates	'
Use of Estimates	'
	2. Use of Estimates

	The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and use 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 could differ from those estimates.

	The most significant estimates made by management include those used in the valuation of inventory, property and equipment, self-insurance liabilities, leases and income taxes. Management periodically evaluates estimates used in the preparation of the consolidated financial statements for continued reasonableness. Appropriate adjustments, if any, to the estimates used are made prospectively based on such periodic evaluations.

Cash_and_Cash_EquivalentsConce

Cash and Cash Equivalents/Concentration of Credit Risk	6 Months Ended
Cash and Cash Equivalents/Concentration of Credit Risk	Aug. 02, 2014
Cash and Cash Equivalents/Concentration of Credit Risk	'
Cash and Cash Equivalents/Concentration of Credit Risk	'
	3. Cash and Cash Equivalents/Concentration of Credit Risk

	For purposes of the condensed consolidated balance sheets and condensed consolidated statements of cash flows, the Company considers all highly liquid investments with maturities at date of purchase of three months or less to be cash equivalents. Financial instruments that potentially subject the Company to a concentration of credit risk consist principally of cash and cash equivalents. The Company places its cash and cash equivalents in what it believes to be high credit quality banks and institutional money market funds. The Company maintains cash accounts that exceed federally insured limits.

Earnings_per_Share

Earnings per Share	6 Months Ended
Earnings per Share	Aug. 02, 2014
Earnings per Share	'
Earnings per Share	'
	4. Earnings per Share

	Basic earnings per common share amounts are calculated using the weighted average number of common shares outstanding for the period. Diluted earnings per common share amounts are calculated using the weighted average number of common shares outstanding plus the additional dilution for all potentially dilutive securities, such as nonvested restricted stock and stock options. During loss periods, diluted loss per share amounts are based on the weighted average number of common shares outstanding, because the inclusion of common stock equivalents would be antidilutive.

	The dilutive effect of stock-based compensation arrangements is accounted for using the treasury stock method. This method assumes that the proceeds the Company receives from the exercise of stock options are used to repurchase common shares in the market. The Company includes as assumed proceeds the amount of compensation cost attributed to future services and not yet recognized, and the amount of tax benefits, if any, that would be credited to additional paid-in capital assuming exercise of outstanding options and vesting of nonvested restricted stock. For the twenty-six weeks ended August 2, 2014 and August 3, 2013, there were 30,000 and 46,000 stock options, respectively, and 598,000 and 609,000 shares of nonvested restricted stock, respectively, excluded from the calculation of diluted earnings per share because of antidilution. For the thirteen weeks ended August 2, 2014 and August 3, 2013, there were 30,000 and 46,000 stock options, respectively, and 607,000 and 657,000 shares of nonvested restricted stock, respectively, excluded from the calculation of diluted earnings per share because of antidilution.

	The following table provides a reconciliation of the average number of common shares outstanding used to calculate basic earnings per share to the number of common shares and common stock equivalents outstanding used in calculating diluted earnings per share for the twenty-six and thirteen week periods ended August 2, 2014 and August 3, 2013:

		Twenty-Six Weeks Ended
		August 2, 2014	August 3, 2013
	Average number of common shares outstanding	14,936,540	14,776,427
	Incremental shares from assumed exercises of stock options	990	1,517
	Incremental shares from assumed vesting of nonvested restricted stock	8,012	—
	Average number of common shares and common stock equivalents outstanding	14,945,542	14,777,944

		Thirteen Weeks Ended
		August 2, 2014	August 3, 2013
	Average number of common shares outstanding	14,972,186	14,801,217
	Incremental shares from assumed exercises of stock options	—	—
	Incremental shares from assumed vesting of nonvested restricted stock	—	—
	Average number of common shares and common stock equivalents outstanding	14,972,186	14,801,217

Fair_Value_Measurement

Fair Value Measurement	6 Months Ended
	Aug. 02, 2014
Fair Value Measurement	'
Fair Value Measurement	'
	5. Fair Value Measurement

	Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants in the principal or most advantageous market at the measurement date. Fair value is established according to a hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three broad levels, which are described below:

	Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for assets or liabilities. The fair value hierarchy gives the highest priority to Level 1 inputs.

	Level 2: Observable prices that are based on inputs not quoted on active markets, but corroborated by market data.

	Level 3: Unobservable inputs are used when little or no market data is available. Level 3 inputs are given the lowest priority in the fair value hierarchy.

	As of August 2, 2014, the Company’s investment securities are classified as held-to-maturity since the Company has the intent and ability to hold the investments to maturity. Such securities are carried at amortized cost plus accrued interest and consist of the following (in thousands):

		Amortized Cost		Gross		Gross			Fair Market
				Unrealized		Unrealized			Value
				Gains		Losses
	Short-term:
	Obligations of states and municipalities (Level 2)	$	4,499	$	2	$	—		$	4,501
	Obligations of the U. S. Treasury (Level 1)	7,542		10		—			7,552
	Bank certificates of deposit (Level 2)	992		—		—			992
		$	13,033	$	12	$	—		$	13,045
	Long-term:
	Obligations of the U. S. Treasury (Level 1)	$	8,838	$	6	$	(2	)	$	8,842
	Bank certificates of deposit (Level 2)	9,297		—		—			9,297
		$	18,135	$	6	$	(2	)	$	18,139

	The amortized cost and fair market value of investment securities as of August 2, 2014 by contractual maturity are as follows (in thousands):

		Amortized		Fair Market
		Cost		Value
	Mature in one year or less	$	13,033	$	13,045
	Mature after one year through five years	18,135		18,139
		$	31,168	$	31,184

	As of February 1, 2014, the Company’s investment securities were classified as held-to-maturity and consisted of the following (in thousands):

		Amortized		Gross		Gross			Fair
		Cost		Unrealized		Unrealized			Market
				Gains		Losses			Value
	Short-term:
	Bank certificates of deposit (Level 2)	$	6,004	$	—	$	—		$	6,004
	Long-term:
	Obligations of the U. S. Treasury (Level 1)	$	15,152	$	19	$	—		$	15,171
	Bank certificates of deposit (Level 2)	4,625		—		—			4,625
		$	19,777	$	19	$	—		$	19,796

	The amortized cost and fair market value of investment securities as of February 1, 2014 by contractual maturity were as follows (in thousands):

		Amortized		Fair
		Cost		Market
				Value
	Mature in one year or less	$	6,004	$	6,004
	Mature after one year through five years	19,777		19,796
		$	25,781	$	25,800

	There were no changes among the levels in the twenty-six weeks ended August 2, 2014.

	Fair market values of Level 2 investments are determined by management with the assistance of a third party pricing service. Because quoted prices in active markets for identical assets are not available, these prices are determined by the third party pricing service using observable market information such as quotes from less active markets and quoted prices of similar securities.

Impairment_of_LongLived_Assets

Impairment of Long-Lived Assets	6 Months Ended
Impairment of Long-Lived Assets	Aug. 02, 2014
Impairment of Long-Lived Assets	'
Impairment of Long-Lived Assets	'
	6. Impairment of Long-Lived Assets

	If facts and circumstances indicate that a long-lived asset may be impaired, the carrying value is reviewed. If this review indicates that the carrying value of the asset will not be recovered as determined based on projected undiscounted cash flows related to the asset over its remaining life, the carrying value of the asset is reduced to its estimated fair value. Non-cash impairment expense related to leasehold improvements and fixtures and equipment at underperforming stores totaled $0.1 million in the twenty-six and thirteen week periods ended August 2, 2014. There was $0.7 million of impairment expense in the twenty-six and thirteen week periods ended August 3, 2013.

Revolving_Line_of_Credit

Revolving Line of Credit	6 Months Ended
Revolving Line of Credit	Aug. 02, 2014
Revolving Line of Credit	'
Revolving Line of Credit	'
	7. Revolving Line of Credit

	On October 27, 2011, the Company entered into a five-year, $50 million credit facility with Bank of America to replace its prior $20 million credit facility. The facility includes a $25 million uncommitted “accordion” feature that under certain circumstances could allow the Company to increase the size of the facility to $75 million. Borrowings, if any, under the facility will bear interest (a) for LIBOR Rate Loans, at LIBOR plus 1.5%, or (b) for Base Rate Loans, at a rate equal to the highest of (i) the prime rate plus 0.5%, (ii) the Federal Funds Rate plus 1.0%, or (iii) LIBOR plus 1.5%. The facility is secured by the Company’s inventory, accounts receivable and related assets, but not its real estate, fixtures and equipment, and it contains one financial covenant, a fixed charge coverage ratio, which is applicable and tested only in certain circumstances. The facility has an unused commitment fee of 0.25% and permits the payment of cash dividends subject to certain limitations, including a requirement that there were no borrowings outstanding in the 30 days prior to the dividend payment and no borrowings are expected in the 30 days subsequent to the payment. The Company has had no borrowings under either the existing or prior facility.

Income_Taxes

Income Taxes	6 Months Ended
Income Taxes	Aug. 02, 2014
Income Taxes	'
Income Taxes	'
	8. Income Taxes

	Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized.

	ASC 740 requires companies to calculate income taxes by applying their estimated full-year tax rate in each interim period unless the estimated full-year tax rate is not reliably predictable. For the twenty-six weeks ended August 2, 2014, the Company utilized this annual effective tax rate method to calculate income taxes; however, for the twenty-six weeks ended August 3, 2013, the Company used the discrete effective tax rate method, as allowed by ASC 740-270, “Income Taxes - Interim Reporting”. Under the discrete method, the Company determines its tax expense based upon actual results as if the interim period were an annual period. The Company concluded that the use of the discrete method for the twenty-six weeks ended August 3, 2013 was more appropriate than the annual effective tax rate method, because the annual rate method would not be reliable due to its sensitivity to minimal changes in forecasted annual pre-tax earnings.

	Comparisons of the effective tax rates for the twenty-six and thirteen week periods ended August 2, 2014 and August 3, 2013 are affected by a valuation allowance established in the second quarter of 2013 when the Company concluded that its ability to utilize certain tax credits in one state was no longer more likely than not. The effect of the 2013 valuation allowance was to increase income tax expense by $0.4 million.

Other_LongTerm_Liabilities

Other Long-Term Liabilities	6 Months Ended
	Aug. 02, 2014
Other Long-Term Liabilities	'
Other Long-Term Liabilities	'
	9. Other Long-Term Liabilities

	The components of other long-term liabilities as of August 2, 2014 and February 1, 2014 are as follows (in thousands):

		August 2,		February 1,
		2014		2014
	Deferred rent	$	1,472	$	2,051
	Tenant improvement allowances	3,118		3,823
	Other	1,998		1,812
		$	6,588	$	7,686

Commitments_and_Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Aug. 02, 2014
Commitments and Contingencies	'
Commitments and Contingencies	'
	10. Commitments and Contingencies

	On August 12, 2011, the Company received a letter of determination from the U.S. Equal Employment Opportunity Commission (the “EEOC”) commencing a conciliation process regarding alleged discrimination against males by the Company in its hiring and promotion practices during the years 2004 through 2006. In its letter of determination, the EEOC sought recovery in the amount of $0.2 million on behalf of a former male employee and in the additional amount of $3.8 million in a settlement fund for a class of unidentified males who sought or considered seeking manager or assistant manager positions in the Company’s stores. The EEOC also seeks certain undertakings by the Company with regard to its employment policies and procedures and a reporting obligation to the EEOC with respect to the Company’s compliance with these undertakings.

	The Company has not received full documentation or information from the EEOC in support of its letter of determination, but has undertaken its own internal analysis of the EEOC’s claims and defenses to such claims and has had discussions with the EEOC in that regard. Following discussions with the EEOC regarding possible settlement, the EEOC proposed a settlement amount to be paid by the Company of $2.5 million, with any unclaimed funds following efforts to identify and compensate claimants to be directed to one or more charities. In the interest of reaching a satisfactory conciliation agreement with the EEOC, the Company proposed a total economic settlement offer of $1.0 million to cover all claims and the expenses of administering and complying with the settlement (excluding professional fees), with no reversion of unclaimed funds back to the Company. The Company continues to await the EEOC’s response to the Company’s most recent proposal regarding settlement. The Company is also evaluating other aspects of the conciliation process established by the EEOC.

	On February 24, 2012, a suit was filed in the United States District Court for the Northern District of Alabama, Middle Division, by certain individuals as a purported collective action on behalf of current and former employees of the Company holding store managerial positions. The plaintiffs allege that store managers have been improperly classified as exempt from the obligation to pay overtime in violation of the Fair Labor Standards Act. The Company is vigorously defending the claims that have been asserted in this lawsuit. The trial court has conditionally certified a class of store managers and ruled that store managers in the conditional class who signed arbitration agreements are not subject to arbitration. The trial court’s ruling regarding arbitration was affirmed on appeal by a panel of the United States Court of Appeals for the Eleventh Circuit. Notwithstanding the initial actions by the trial court, the conditional class may be subject to decertification at the close of discovery. At this stage of the litigation, the Company is unable to determine the probability of any particular outcome and it is not reasonably possible to estimate a range of loss with respect to this matter. Accordingly, no accrual for costs has been recorded, and the potential impact of this matter on the Company’s financial position, results of operations and cash flows cannot be determined at this time.

	The Company from time to time is also involved in various other legal proceedings incidental to the conduct of its business, including claims by customers, employees or former employees. Once it becomes probable that the Company will incur costs in connection with a legal proceeding and such costs can be reasonably estimated, it establishes appropriate reserves. While legal proceedings are subject to uncertainties and the outcome of any such matter is not predictable, the Company is not aware of any other legal proceedings pending or threatened against it that it expects to have a material adverse effect on its financial condition, results of operations or liquidity.

Earnings_per_Share_Tables

Earnings per Share (Tables)	6 Months Ended
Earnings per Share (Tables)	Aug. 02, 2014
Earnings per Share	'
Schedule of reconciliation of the number of average common shares outstanding used to calculate basic and diluted earnings per share	'


		Twenty-Six Weeks Ended
		August 2, 2014	August 3, 2013
	Average number of common shares outstanding	14,936,540	14,776,427
	Incremental shares from assumed exercises of stock options	990	1,517
	Incremental shares from assumed vesting of nonvested restricted stock	8,012	—
	Average number of common shares and common stock equivalents outstanding	14,945,542	14,777,944

		Thirteen Weeks Ended
		August 2, 2014	August 3, 2013
	Average number of common shares outstanding	14,972,186	14,801,217
	Incremental shares from assumed exercises of stock options	—	—
	Incremental shares from assumed vesting of nonvested restricted stock	—	—
	Average number of common shares and common stock equivalents outstanding	14,972,186	14,801,217

Fair_Value_Measurement_Tables

Fair Value Measurement (Tables)	6 Months Ended
Fair Value Measurement (Tables)	Aug. 02, 2014
Fair Value Measurement	'
Schedule of investment securities classified as held-to-maturity	'
	As of August 2, 2014, the Company’s investment securities are classified as held-to-maturity since the Company has the intent and ability to hold the investments to maturity. Such securities are carried at amortized cost plus accrued interest and consist of the following (in thousands):

		Amortized Cost		Gross		Gross			Fair Market
				Unrealized		Unrealized			Value
				Gains		Losses
	Short-term:
	Obligations of states and municipalities (Level 2)	$	4,499	$	2	$	—		$	4,501
	Obligations of the U. S. Treasury (Level 1)	7,542		10		—			7,552
	Bank certificates of deposit (Level 2)	992		—		—			992
		$	13,033	$	12	$	—		$	13,045
	Long-term:
	Obligations of the U. S. Treasury (Level 1)	$	8,838	$	6	$	(2	)	$	8,842
	Bank certificates of deposit (Level 2)	9,297		—		—			9,297
		$	18,135	$	6	$	(2	)	$	18,139

	As of February 1, 2014, the Company’s investment securities were classified as held-to-maturity and consisted of the following (in thousands):

		Amortized		Gross		Gross			Fair
		Cost		Unrealized		Unrealized			Market
				Gains		Losses			Value
	Short-term:
	Bank certificates of deposit (Level 2)	$	6,004	$	—	$	—		$	6,004
	Long-term:
	Obligations of the U. S. Treasury (Level 1)	$	15,152	$	19	$	—		$	15,171
	Bank certificates of deposit (Level 2)	4,625		—		—			4,625
		$	19,777	$	19	$	—		$	19,796




Schedule of amortized cost and fair market value of investment securities by contractual maturity	'

	The amortized cost and fair market value of investment securities as of August 2, 2014 by contractual maturity are as follows (in thousands):

		Amortized		Fair Market
		Cost		Value
	Mature in one year or less	$	13,033	$	13,045
	Mature after one year through five years	18,135		18,139
		$	31,168	$	31,184

	The amortized cost and fair market value of investment securities as of February 1, 2014 by contractual maturity were as follows (in thousands):

		Amortized		Fair
		Cost		Market
				Value
	Mature in one year or less	$	6,004	$	6,004
	Mature after one year through five years	19,777		19,796
		$	25,781	$	25,800

Other_LongTerm_Liabilities_Tab

Other Long-Term Liabilities (Tables)	6 Months Ended
	Aug. 02, 2014
Other Long-Term Liabilities	'
Schedule of components of other long-term liabilities	'
	The components of other long-term liabilities as of August 2, 2014 and February 1, 2014 are as follows (in thousands):

		August 2,		February 1,
		2014		2014
	Deferred rent	$	1,472	$	2,051
	Tenant improvement allowances	3,118		3,823
	Other	1,998		1,812
		$	6,588	$	7,686

Basis_of_Presentation_Details

Basis of Presentation (Details)	12 Months Ended
	Jan. 31, 2015	Feb. 01, 2014	Aug. 02, 2014
			store
			state
Basis of Presentation	'	'	'
Number of stores operated	'	'	509
Number of states in which company operates	'	'	29
Length of fiscal year	'364 days	'364 days	'

Earnings_per_Share_Details

Earnings per Share (Details)	3 Months Ended		6 Months Ended
Earnings per Share (Details)	Aug. 02, 2014	Aug. 03, 2013	Aug. 02, 2014	Aug. 03, 2013
Reconciliation of average number of common shares outstanding used to calculate basic and diluted earnings per share	'	'	'	'
Average number of common shares outstanding	14,972,186	14,801,217	14,936,540	14,776,427
Incremental shares from assumed exercises of stock options	'	'	990	1,517
Incremental shares from assumed vesting of nonvested restricted stock	'	'	8,012	'
Average number of common shares and common stock equivalents outstanding	14,972,186	14,801,217	14,945,542	14,777,944
Stock Options [Member]	'	'	'	'
Antidilutive securities	'	'	'	'
Shares excluded from the calculation of diluted earnings per share	30,000	46,000	30,000	46,000
Restricted Stock [Member]	'	'	'	'
Antidilutive securities	'	'	'	'
Shares excluded from the calculation of diluted earnings per share	607,000	657,000	598,000	609,000

Fair_Value_Measurement_Details

Fair Value Measurement (Details) (USD $)	Aug. 02, 2014	Feb. 01, 2014
In Thousands, unless otherwise specified	Aug. 02, 2014	Feb. 01, 2014
Investment securities classified as held to maturity	'	'
Amortized Cost	$31,168	$25,781
Total Fair Market Value	31,184	25,800
Short-term Investments [Member]	'	'
Investment securities classified as held to maturity	'	'
Amortized Cost	13,033	'
Gross Unrealized Gain	12	'
Total Fair Market Value	13,045	'
Short-term Investments [Member] \| US Treasury Securities [Member] \| Fair Value, Inputs, Level 1 [Member]	'	'
Investment securities classified as held to maturity	'	'
Amortized Cost	7,542	'
Gross Unrealized Gain	10	'
Total Fair Market Value	7,552	'
Short-term Investments [Member] \| US States and Political Subdivisions Debt Securities [Member] \| Fair Value, Inputs, Level 2 [Member]	'	'
Investment securities classified as held to maturity	'	'
Amortized Cost	4,499	'
Gross Unrealized Gain	2	'
Total Fair Market Value	4,501	'
Short-term Investments [Member] \| Certificates of Deposit [Member] \| Fair Value, Inputs, Level 2 [Member]	'	'
Investment securities classified as held to maturity	'	'
Amortized Cost	992	6,004
Total Fair Market Value	992	6,004
Long Term Investments [Member]	'	'
Investment securities classified as held to maturity	'	'
Amortized Cost	18,135	19,777
Gross Unrealized Gain	6	19
Gross Unrealized Loss	-2	'
Total Fair Market Value	18,139	19,796
Long Term Investments [Member] \| US Treasury Securities [Member] \| Fair Value, Inputs, Level 1 [Member]	'	'
Investment securities classified as held to maturity	'	'
Amortized Cost	8,838	15,152
Gross Unrealized Gain	6	19
Gross Unrealized Loss	-2	'
Total Fair Market Value	8,842	15,171
Long Term Investments [Member] \| Certificates of Deposit [Member] \| Fair Value, Inputs, Level 2 [Member]	'	'
Investment securities classified as held to maturity	'	'
Amortized Cost	9,297	4,625
Total Fair Market Value	$9,297	$4,625

Fair_Value_Measurement_Details1

Fair Value Measurement (Details 2) (USD $)	Aug. 02, 2014	Feb. 01, 2014
In Thousands, unless otherwise specified	Aug. 02, 2014	Feb. 01, 2014
Amortized Cost	'	'
Mature in one year or less	$13,033	$6,004
Mature after one year through five years	18,135	19,777
Total	31,168	25,781
Fair Market Value	'	'
Mature in one year or less	13,045	6,004
Mature after one year through five years	18,139	19,796
Total Fair Market Value	31,184	25,800
Changes among the fair value levels	'	'
Changes between Level 1 to Level 2, Assets	$0	'

Impairment_of_LongLived_Assets1

Impairment of Long-Lived Assets (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Aug. 02, 2014	Aug. 03, 2013	Aug. 02, 2014	Aug. 03, 2013
Impairment of Long-Lived Assets	'	'	'	'
Non-cash impairment expense related to leasehold improvements and fixtures and equipment	$83	$654	$83	$681

Revolving_Line_of_Credit_Detai

Revolving Line of Credit (Details) (USD $)

0 Months Ended

6 Months Ended

9 Months Ended

6 Months Ended

9 Months Ended

6 Months Ended

9 Months Ended

In Millions, unless otherwise specified

Oct. 27, 2011

Aug. 02, 2014

Oct. 27, 2011

Aug. 02, 2014

Nov. 02, 2013

Aug. 02, 2014

Nov. 02, 2013

Aug. 02, 2014

Nov. 02, 2013

Aug. 02, 2014

Oct. 27, 2011

Line of Credit [Member]

Prior Line of Credit [Member]

L I B O R Rate Loans [Member]

Debt Instrument, Variable Rate Base L I B O R [Member]

Debt Instrument Variable Rate Prime Rate [Member]

Debt Instrument, Variable Rate Base Federal Funds Rate [Member]

Base Rate Loans [Member]

Revolving Line of Credit

Term of credit facility

'5 years

Maximum borrowing capacity

$50

$20

Borrowing capacity, accordion feature

Maximum borrowing capacity including accordion expansion

Variable interest rate basis

'LIBOR

'prime rate

'Federal Funds Rate

Margin added to variable rate (as a percent)

1.50%

0.50%

1.00%

Number of covenants

Unused commitment fee (as a percent)

0.25%

Amount of outstanding borrowings prior to cash dividend payment within specified period, per covenant

Period prior to cash dividend payment when no borrowings may be outstanding, per covenant

'30 days

Amount of expected borrowings subsequent to cash dividend payment within specified period, per covenant

Period subsequent to cash dividend payment when no borrowings may be expected, per covenant

'30 days

Borrowings outstanding

Income_Taxes_Details

Income Taxes (Details) (USD $)	6 Months Ended
In Millions, unless otherwise specified	Aug. 02, 2014
Income Taxes	'
Increase in income tax expense resulting from increase in a valuation allowance	$0.40

Other_LongTerm_Liabilities_Det

Other Long-Term Liabilities (Details) (USD $)	Aug. 02, 2014	Feb. 01, 2014
In Thousands, unless otherwise specified	Aug. 02, 2014	Feb. 01, 2014
Other Long-Term Liabilities	'	'
Deferred rent	$1,472	$2,051
Tenant improvement allowances	3,118	3,823
Other	1,998	1,812
Other long-term liabilities total	$6,588	$7,686

Commitments_and_Contingencies_

Commitments and Contingencies (Details) (USD $)	0 Months Ended	6 Months Ended
In Millions, unless otherwise specified	Aug. 12, 2011	Aug. 02, 2014
Current and Former Employees [Member] \| United States District Court for Northern District of Alabama Middle Division [Member]	'	'
Commitments and Contingencies	'	'
Accrual for costs	'	$0
Equal Employment Opportunity Commission [Member]	'	'
Commitments and Contingencies	'	'
Amount of settlement proposed by the Company	'	2.5
Equal Employment Opportunity Commission [Member] \| Former Male Employee [Member]	'	'
Commitments and Contingencies	'	'
Amount of recovery or settlement sought in regulatory matter	0.2	'
Equal Employment Opportunity Commission [Member] \| Class of Unidentified Males [Member]	'	'
Commitments and Contingencies	'	'
Amount of recovery or settlement sought in regulatory matter	3.8	'
Amount of settlement proposed by the Company	'	$1