Citi Trends (CTRN) 10-Q 9 Jun 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	2-May-15	18-May-15
Document and Entity Information
Entity Registrant Name	Citi Trends Inc
Entity Central Index Key	1318484
Document Type	10-Q
Document Period End Date	2-May-15
Amendment Flag	FALSE
Current Fiscal Year End Date	-29
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		15,554,081
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	2-May-15	Jan. 31, 2015
In Thousands, unless otherwise specified
Current assets:
Cash and cash equivalents	$86,808	$74,514
Short-term investment securities	20,707	15,850
Inventory	116,152	131,057
Prepaid and other current assets	14,091	14,604
Income tax receivable		973
Deferred tax asset	3,874	4,359
Total current assets	241,632	241,357
Property and equipment, net of accumulated depreciation of $186,283 and $181,475 as of May 2, 2015 and January 31, 2015, respectively	44,945	47,603
Long-term investment securities	21,328	22,447
Deferred tax asset	5,387	6,328
Other assets	629	638
Total assets	313,921	318,373
Current liabilities:
Accounts payable	56,954	72,245
Accrued expenses	15,195	14,176
Accrued compensation	10,549	14,996
Income tax payable	2,120
Layaway deposits	1,402	585
Total current liabilities	86,220	102,002
Other long-term liabilities	5,554	5,749
Total liabilities	91,774	107,751
Stockholders' equity:
Common stock, $0.01 par value. Authorized 32,000,000 shares; 15,723,238 shares issued as of May 2, 2015 and 15,743,617 shares issued as of January 31, 2015; 15,557,488 shares outstanding as of May 2, 2015 and 15,577,867 shares outstanding as of January 31, 2015	153	152
Paid-in-capital	85,843	85,598
Retained earnings	136,316	125,037
Treasury stock, at cost; 165,750 shares as of May 2, 2015 and January 31, 2015	-165	-165
Total stockholders' equity	222,147	210,622
Commitments and contingencies (note 9)
Total liabilities and stockholders' equity	$313,921	$318,373

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	2-May-15	Jan. 31, 2015
In Thousands, except Share data, unless otherwise specified
Condensed Consolidated Balance Sheets
Property and equipment, accumulated depreciation (in dollars)	$186,283	$181,475
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, Authorized shares	32,000,000	32,000,000
Common stock, shares issued	15,723,238	15,743,617
Common stock, shares outstanding	15,557,488	15,577,867
Treasury stock, shares	165,750	165,750

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Income (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	2-May-15	3-May-14
Condensed Consolidated Statements of Operations
Net sales	$194,913	$188,016
Cost of sales (exclusive of depreciation shown separately below)	-117,509	-114,767
Selling, general and administrative expenses	-55,812	-53,975
Depreciation	-4,813	-5,160
Income from operations	16,779	14,114
Interest income	56	53
Interest expense	-47	-48
Income before income taxes	16,788	14,119
Income tax expense	-5,509	-5,040
Net income	$11,279	$9,079
Basic net income per common share	$0.75	$0.61
Diluted net income per common share	$0.74	$0.61
Weighted average number of shares outstanding
Basic	15,095,729	14,900,893
Diluted	15,181,337	14,901,530

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	2-May-15	3-May-14
Operating activities:
Net income	$11,279	$9,079
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	4,813	5,160
Loss on disposal of property and equipment	24	1
Deferred income taxes	1,426	661
Noncash stock-based compensation expense	1,363	1,190
Excess tax benefits from stock-based payment arrangements	-1,293	-236
Changes in assets and liabilities:
Inventory	14,905	13,781
Prepaid and other current assets	513	-1,492
Other assets	9	13
Accounts payable	-15,304	-8,434
Accrued expenses and other long-term liabilities	524	181
Accrued compensation	-4,447	837
Income tax receivable/payable	4,386	4,354
Layaway deposits	817	919
Net cash provided by operating activities	19,015	26,014
Investing activities:
Sales/redemptions of investment securities	3,509	4,094
Purchases of investment securities	-7,247	-4,754
Purchases of property and equipment	-1,866	-1,846
Net cash used in investing activities	-5,604	-2,506
Financing activities:
Excess tax benefits from stock-based payment arrangements	1,293	236
Proceeds from the exercise of stock options	70
Cash used to settle withholding taxes on the vesting of nonvested restricted stock	-2,480	-1,239
Net cash used in financing activities	-1,117	-1,003
Net increase in cash and cash equivalents	12,294	22,505
Cash and cash equivalents:
Beginning of year	74,514	58,928
End of year	86,808	81,433
Supplemental disclosures of cash flow information:
Cash paid for interest	31	31
Cash payments of income taxes	-303	25
Supplemental disclosures of noncash investing activities:
Accrual for purchases of property and equipment	$313	$121

Basis_of_Presentation

Basis of Presentation	3 Months Ended
	2-May-15
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 May 2, 2015, the Company operated 515 stores in 31 states.
	The condensed consolidated balance sheet as of May 2, 2015 and the condensed consolidated statements of income and cash flows for the thirteen week periods ended May 2, 2015 and May 3, 2014 have been prepared by the Company without audit. The condensed consolidated balance sheet as of January 31, 2015 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 May 2, 2015 and January 31, 2015, 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 January 31, 2015.
	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 thirteen weeks ended May 2, 2015 are not necessarily indicative of the results that may be expected for the fiscal year ending January 30, 2016.
	The following contains references to years 2015 and 2014, which represent fiscal years ending or ended on January 30, 2016 and January 31, 2015, respectively.  Fiscal 2015 and fiscal 2014 both have 52-week accounting periods.

Use_of_Estimates

Use of Estimates	3 Months Ended
	2-May-15
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	3 Months Ended
	2-May-15
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	3 Months Ended
	2-May-15
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 thirteen weeks ended May 2, 2015 and May 3, 2014, there were 20,000 and 31,000 stock options, respectively, and 387,000 and 605,000 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 thirteen weeks ended May 2, 2015 and May 3, 2014:
		Thirteen Weeks Ended
		May 2, 2015	May 3, 2014
	Average number of common shares outstanding	15,095,729	14,900,893
	Incremental shares from assumed exercises of stock options	771	637
	Incremental shares from assumed vesting of nonvested restricted stock	84,837	—
	Average number of common shares and common stock equivalents outstanding	15,181,337	14,901,530

Fair_Value_Measurement

Fair Value Measurement	3 Months Ended
	2-May-15
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 May 2, 2015, 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		Gross		Gross		Fair Market
		Cost		Unrealized		Unrealized		Value
				Gains		Losses
	Short-term:
	Obligations of the U. S. Treasury (Level 1)	$	7,520	$	4	$	—	$	7,524
	Obligations of states and municipalities (Level 2)	3,912		3		—		3,915
	Bank certificates of deposit (Level 2)	9,275		—		—		9,275
		$	20,707	$	7	$	—	$	20,714
	Long-term:
	Obligations of the U. S. Treasury (Level 1)	7,536		16		—		7,552
	Obligations of states and municipalities (Level 2)	50		—		—		50
	Bank certificates of deposit (Level 2)	13,742		—		—		13,742
		$	21,328	$	16	$	—	$	21,344
	The amortized cost and fair market value of investment securities as of May 2, 2015 by contractual maturity are as follows (in thousands):
		Amortized		Fair
		Cost		Market
				Value
	Mature in one year or less	$	20,707	$	20,714
	Mature after one year through five years	21,328		21,344
		$	42,035	$	42,058
	As of January 31, 2015, 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)	$	4,996	$	—	$	—	$	4,996
	Obligations of states and municipalities (Level 2)	2,074		—		—		2,074
	Obligations of the U. S. Treasury (Level 1)	8,780		9		—		8,789
		$	15,850	$	9	$	—	$	15,859
	Long-term:
	Obligations of the U. S. Treasury (Level 1)	$	7,543	$	24	$	—	$	7,567
	Bank certificates of deposit (Level 2)	14,904		—		—		14,904
		$	22,447	$	24	$	—	$	22,471
	The amortized cost and fair market value of investment securities as of January 31, 2015 by contractual maturity were as follows (in thousands):
		Amortized		Fair
		Cost		Market
				Value
	Mature in one year or less	$	15,850	$	15,859
	Mature after one year through five years	22,447		22,471
		$	38,297	$	38,330
	There were no changes among the levels in the thirteen weeks ended May 2, 2015.
	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.

Revolving_Line_of_Credit

Revolving Line of Credit	3 Months Ended
	2-May-15
Revolving Line of Credit
Revolving Line of Credit
	6. Revolving Line of Credit
	On October 27, 2011, the Company entered into a five-year, $50 million credit facility with Bank of America.  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 the credit facility.

Income_Taxes

Income Taxes	3 Months Ended
	2-May-15
Income Taxes
Income Taxes
	7.  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 740-270, “Income Taxes — Interim Reporting”, 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 thirteen weeks ended May 2, 2015 and May 3, 2014, the Company utilized this annual effective tax rate method to calculate income taxes. Work opportunity tax credits (WOTC) earned on wages paid subsequent to December 31, 2014 were not available to the Company for the first quarter of 2015 due to the expiration of the program on December 31, 2014.  It is possible that the federal government will retroactively reinstate WOTC back to the beginning of 2015 (as was done in 2014); however, due to the uncertainty involved, no WOTC benefits were recorded on 2015 qualifying wages in the thirteen week period ended May 2, 2015.

Other_LongTerm_Liabilities

Other Long-Term Liabilities	3 Months Ended
	2-May-15
Other Long-Term Liabilities
Other Long-Term Liabilities
	8. Other Long-Term Liabilities
	The components of other long-term liabilities as of May 2, 2015 and January 31, 2015 are as follows (in thousands):
		May 2,		January 31,
		2015		2015
	Deferred rent	$	1,101	$	1,209
	Tenant improvement allowances	2,517		2,490
	Other	1,936		2,050
		$	5,554	$	5,749

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	2-May-15
Commitments and Contingencies
Commitments and Contingencies
	9. 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.  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.  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.  On March 19, 2015, the Company received a response from the EEOC proposing a settlement amount to be paid by the Company of $1.0 million to cover all claims.  The EEOC’s proposed conciliation agreement contained in its settlement proposal would require certain undertakings by the Company with regard to employment policies and procedures, training requirements, and a continuing reporting obligation to the EEOC for a period of two years, with the expenses incurred in connection with such undertakings to be paid by the Company.  The Company has evaluated this proposed conciliation agreement and has addressed with the EEOC certain modifications to it, without affecting the overall settlement amount.  The Company is awaiting a response from the EEOC regarding these proposed modifications.
	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)	3 Months Ended
	2-May-15
Earnings per Share
Schedule of reconciliation of the number of average common shares outstanding used to calculate basic and diluted earnings per share		Thirteen Weeks Ended
		May 2, 2015	May 3, 2014
	Average number of common shares outstanding	15,095,729	14,900,893
	Incremental shares from assumed exercises of stock options	771	637
	Incremental shares from assumed vesting of nonvested restricted stock	84,837	—
	Average number of common shares and common stock equivalents outstanding	15,181,337	14,901,530

Fair_Value_Measurement_Tables

Fair Value Measurement (Tables)	3 Months Ended
	2-May-15
Fair Value Measurement
Schedule of investment securities classified as held-to-maturity
	As of May 2, 2015, 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		Gross		Gross		Fair Market
		Cost		Unrealized		Unrealized		Value
				Gains		Losses
	Short-term:
	Obligations of the U. S. Treasury (Level 1)	$	7,520	$	4	$	—	$	7,524
	Obligations of states and municipalities (Level 2)	3,912		3		—		3,915
	Bank certificates of deposit (Level 2)	9,275		—		—		9,275
		$	20,707	$	7	$	—	$	20,714
	Long-term:
	Obligations of the U. S. Treasury (Level 1)	7,536		16		—		7,552
	Obligations of states and municipalities (Level 2)	50		—		—		50
	Bank certificates of deposit (Level 2)	13,742		—		—		13,742
		$	21,328	$	16	$	—	$	21,344
	As of January 31, 2015, 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)	$	4,996	$	—	$	—	$	4,996
	Obligations of states and municipalities (Level 2)	2,074		—		—		2,074
	Obligations of the U. S. Treasury (Level 1)	8,780		9		—		8,789
		$	15,850	$	9	$	—	$	15,859
	Long-term:
	Obligations of the U. S. Treasury (Level 1)	$	7,543	$	24	$	—	$	7,567
	Bank certificates of deposit (Level 2)	14,904		—		—		14,904
		$	22,447	$	24	$	—	$	22,471
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 May 2, 2015 by contractual maturity are as follows (in thousands):
		Amortized		Fair
		Cost		Market
				Value
	Mature in one year or less	$	20,707	$	20,714
	Mature after one year through five years	21,328		21,344
		$	42,035	$	42,058
	The amortized cost and fair market value of investment securities as of January 31, 2015 by contractual maturity were as follows (in thousands):
		Amortized		Fair
		Cost		Market
				Value
	Mature in one year or less	$	15,850	$	15,859
	Mature after one year through five years	22,447		22,471
		$	38,297	$	38,330

Other_LongTerm_Liabilities_Tab

Other Long-Term Liabilities (Tables)	3 Months Ended
	2-May-15
Other Long-Term Liabilities
Schedule of components of other long-term liabilities
	The components of other long-term liabilities as of May 2, 2015 and January 31, 2015 are as follows (in thousands):
		May 2,		January 31,
		2015		2015
	Deferred rent	$	1,101	$	1,209
	Tenant improvement allowances	2,517		2,490
	Other	1,936		2,050
		$	5,554	$	5,749

Basis_of_Presentation_Details

Basis of Presentation (Details)	12 Months Ended
	Jan. 30, 2016	Jan. 31, 2015	2-May-15
			store
			state
Basis of Presentation
Number of stores operated			515
Number of states in which company operates			31
Length of fiscal year	364 days	364 days

Earnings_per_Share_Details

Earnings per Share (Details)	3 Months Ended
	2-May-15	3-May-14
Reconciliation of average number of common shares outstanding used to calculate basic and diluted earnings per share
Average number of common shares outstanding	15,095,729	14,900,893
Incremental shares from assumed exercises of stock options	771	637
Incremental shares from assumed vesting of nonvested restricted stock	84,837
Average number of common shares and common stock equivalents outstanding	15,181,337	14,901,530
Stock Options
Antidilutive securities
Shares excluded from the calculation of diluted earnings per share	20,000	31,000
Restricted Stock
Antidilutive securities
Shares excluded from the calculation of diluted earnings per share	387,000	605,000

Fair_Value_Measurement_Details

Fair Value Measurement (Details) (USD $)	2-May-15	Jan. 31, 2015
In Thousands, unless otherwise specified
Investment securities classified as held to maturity
Amortized Cost	$42,035	$38,297
Total Fair Market Value	42,058	38,330
Short-term Investments
Investment securities classified as held to maturity
Amortized Cost	20,707	15,850
Gross Unrealized Gains	7	9
Total Fair Market Value	20,714	15,859
Short-term Investments | Obligations of the U.S. Treasury | Fair Value, Inputs, Level 1
Investment securities classified as held to maturity
Amortized Cost	7,520	8,780
Gross Unrealized Gains	4	9
Total Fair Market Value	7,524	8,789
Short-term Investments | Obligations of states and municipalities | Fair Value, Inputs, Level 2
Investment securities classified as held to maturity
Amortized Cost	3,912	2,074
Gross Unrealized Gains	3
Total Fair Market Value	3,915	2,074
Short-term Investments | Bank certificates of deposit | Fair Value, Inputs, Level 2
Investment securities classified as held to maturity
Amortized Cost	9,275	4,996
Total Fair Market Value	9,275	4,996
Long Term Investments
Investment securities classified as held to maturity
Amortized Cost	21,328	22,447
Gross Unrealized Gains	16	24
Total Fair Market Value	21,344	22,471
Long Term Investments | Obligations of the U.S. Treasury | Fair Value, Inputs, Level 1
Investment securities classified as held to maturity
Amortized Cost	7,536	7,543
Gross Unrealized Gains	16	24
Total Fair Market Value	7,552	7,567
Long Term Investments | Obligations of states and municipalities | Fair Value, Inputs, Level 2
Investment securities classified as held to maturity
Amortized Cost	50
Total Fair Market Value	50
Long Term Investments | Bank certificates of deposit | Fair Value, Inputs, Level 2
Investment securities classified as held to maturity
Amortized Cost	13,742	14,904
Total Fair Market Value	$13,742	$14,904

Fair_Value_Measurement_Details1

Fair Value Measurement (Details 1) (USD $)	2-May-15	Jan. 31, 2015
In Thousands, unless otherwise specified
Amortized Cost
Mature in one year or less	$20,707	$15,850
Mature after one year through five years	21,328	22,447
Total	42,035	38,297
Fair Market Value
Mature in one year or less	20,714	15,859
Mature after one year through five years	21,344	22,471
Total Fair Market Value	42,058	38,330
Changes among the fair value levels
Changes between Level 1 to Level 2, Assets	$0

Revolving_Line_of_Credit_Detai

Revolving Line of Credit (Details) (USD $)	0 Months Ended	3 Months Ended
In Millions, unless otherwise specified	Oct. 27, 2011	2-May-15	Oct. 27, 2011
Line of Credit
Revolving Line of Credit
Term of credit facility	5 years
Maximum borrowing capacity	$50		$50
Borrowing capacity, accordion feature	25		25
Maximum borrowing capacity including accordion expansion	75		75
Number of covenants		1
Unused commitment fee (as a percent)		0.25%
Amount of outstanding borrowings prior to cash dividend payment within specified period, per covenant		0
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		0
Period subsequent to cash dividend payment when no borrowings may be expected, per covenant		30 days
Line of Credit | LIBOR Rate Loans
Revolving Line of Credit
Variable interest rate basis		LIBOR
Margin added to variable rate (as a percent)		1.50%
Line of Credit | Debt Instrument, Variable Rate Base LIBOR | Base Rate Loans
Revolving Line of Credit
Variable interest rate basis		LIBOR
Margin added to variable rate (as a percent)		1.50%
Line of Credit | Debt Instrument Variable Rate Prime Rate | Base Rate Loans
Revolving Line of Credit
Variable interest rate basis		prime rate
Margin added to variable rate (as a percent)		0.50%
Line of Credit | Debt Instrument, Variable Rate Base Federal Funds Rate | Base Rate Loans
Revolving Line of Credit
Variable interest rate basis		Federal Funds Rate
Margin added to variable rate (as a percent)		1.00%
Prior Line of Credit
Revolving Line of Credit
Borrowings outstanding		$0

Income_Taxes_Details

Income Taxes (Details) (USD $)	2-May-15
In Thousands, unless otherwise specified
Income Taxes
Work opportunity tax benefits not recognized due to uncertainty	$0

Other_LongTerm_Liabilities_Det

Other Long-Term Liabilities (Details) (USD $)	2-May-15	Jan. 31, 2015
In Thousands, unless otherwise specified
Other Long-Term Liabilities
Deferred rent	$1,101	$1,209
Tenant improvement allowances	2,517	2,490
Other	1,936	2,050
Other long-term liabilities total	$5,554	$5,749

Commitments_and_Contingencies_

Commitments and Contingencies (Details) (USD $)	0 Months Ended	3 Months Ended
In Millions, unless otherwise specified	Mar. 19, 2015	2-May-15
Current and Former Employees | United States District Court for Northern District of Alabama Middle Division
Commitments and Contingencies
Accrual for costs		$0
Equal Employment Opportunity Commission
Commitments and Contingencies
Amount of settlement proposed	1
Counter offer for settlement proposed		$1
Length of proposed reporting obligation to EEOC	2 years