Document and Entity Information
Document and Entity Information | 3 Months Ended |
Apr. 30, 2016shares | |
Document and Entity Information [Abstract] | |
Entity Registrant Name | Cato Corp |
Entity Central Index Key | 18,255 |
Document Type | 10-Q |
Document Period End Date | Apr. 30, 2016 |
Amendment Flag | false |
Current Fiscal Year End Date | --04-30 |
Entity Well Known Seasoned Issuer | Yes |
Entity Voluntary Filers | No |
Entity Current Reporting Status | Yes |
Entity Filer Category | Large Accelerated Filer |
Class of Stock [Line Items] | |
Document Fiscal Year Focus | 2,016 |
Document Fiscal Period Focus | Q1 |
Common Class A [Member] | |
Class of Stock [Line Items] | |
Entity Common Stock, Shares Outstanding (actual number) | 25,904,126 |
Common Class B [Member] | |
Class of Stock [Line Items] | |
Entity Common Stock, Shares Outstanding (actual number) | 1,751,576 |
Condensed Consolidated Income S
Condensed Consolidated Income Statements Of Income and Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | |
Apr. 30, 2016 | May. 02, 2015 | |
Revenues | ||
Retail sales | $ 285,497 | $ 281,575 |
Other Revenue (principally finance charges, late fees and layaway charges) | 2,476 | 2,324 |
Total revenues | 287,973 | 283,899 |
COSTS AND EXPENSES, NET | ||
Cost of goods sold (exclusive of depreciation shown below) | 163,973 | 162,520 |
Selling, general and administrative (exclusive of depreciation shown below) | 71,071 | 68,584 |
Depreciation | 5,676 | 5,374 |
Interest and other income | 2,928 | 568 |
Cost and expenses, net | 237,792 | 235,910 |
Income before income taxes | 50,181 | 47,989 |
Income tax expense | 14,307 | 16,906 |
Net income | $ 35,874 | $ 31,083 |
Basic earnings per share | $ 1.29 | $ 1.11 |
Diluted earnings per share | 1.29 | 1.11 |
Dividends per share | $ 0.3 | $ 0.3 |
Comprehensive income | ||
Net income | $ 35,874 | $ 31,083 |
Unrealized gain on available-for-sale securities, net of deferred income taxes | 153 | (332) |
Comprehensive Income | $ 36,027 | $ 30,751 |
Condensed Consolidated Income 3
Condensed Consolidated Income Statements Of Income and Comprehensive Income (Parenthetical) - USD ($) $ in Thousands | 3 Months Ended | |
Apr. 30, 2016 | May. 02, 2015 | |
OtherComprehensiveIncomeLossTaxParentheticalDisclosuresAbstract | ||
Tax Effect of Unrealized Gains (Losses) On Available-For-Sale Securities | $ 94 | $ (201) |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Apr. 30, 2016 | Jan. 30, 2016 |
Current Assets: | ||
Cash and cash equivalents | $ 55,988 | $ 67,057 |
Short-term investments | 242,372 | 215,495 |
Restricted cash and investments | 4,476 | 4,472 |
Accounts receivable, net of allowance for doubtful accounts | 37,421 | 36,610 |
Merchandise inventories | 134,166 | 141,101 |
Deferred income taxes | 0 | 0 |
Prepaid expenses | 6,704 | 7,317 |
Total Current Assets | 481,127 | 472,052 |
Property and equipment - net | 135,289 | 138,303 |
DeferredTaxAssetsNetNoncurrent | 10,187 | 10,280 |
Other assets | 22,201 | 21,709 |
Total Assets | 648,804 | 642,344 |
Current Liabilities: | ||
Accounts payable | 96,869 | 113,154 |
Accrued expenses | 49,425 | 52,886 |
Accrued benefits | 5,111 | 12,034 |
Accrued income taxes | 11,852 | 1,363 |
Total Current Liabilities | 163,257 | 179,437 |
Deferred tax liabilities noncurrent | 0 | 0 |
Other noncurrent liabilities (primarily deferred rent) | 51,377 | 50,242 |
Commitments And Contingenciess | 0 | 0 |
Stockholders' Equity: | ||
Preferred stock, $100 par value per share, 100,000 shares authorized, none issued | 0 | 0 |
Class of Stock [Line Items] | ||
Common stock | 927 | 935 |
Additional paid-in capital | 91,230 | 90,336 |
Retained earnings | 341,060 | 320,594 |
Accumulated other comprehensive income | 953 | 800 |
Total Stockholders' Equity | 434,170 | 412,665 |
Liabilities And Stockholders Equity | 648,804 | 642,344 |
Common Class A [Member] | ||
Class of Stock [Line Items] | ||
Common stock | 869 | 877 |
Common Class B [Member] | ||
Class of Stock [Line Items] | ||
Common stock | $ 58 | $ 58 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands | Apr. 30, 2016 | Jan. 30, 2016 |
Class of Stock [Line Items] | ||
Allowance For Doubtful Accounts Receivable Current | $ 1,443 | $ 1,447 |
Preferred Stock Par Or Stated Value Per Share | $ 100 | $ 100 |
Preferred Stock Shares Authorized | 100,000 | 100,000 |
Preferred Stock Shares Issued | 0 | 0 |
Common Class B [Member] | ||
Class of Stock [Line Items] | ||
Common Stock Shares Authorized | 15,000,000 | 15,000,000 |
Common Stock Shares Issued | 1,751,576 | 1,743,525 |
Common Stock Par Or Stated Value Per Share | $ 0.033 | $ 0.033 |
Common Class A [Member] | ||
Class of Stock [Line Items] | ||
Common Stock Shares Authorized | 50,000,000 | 50,000,000 |
Common Stock Shares Issued | 25,904,126 | 26,129,692 |
Common Stock Par Or Stated Value Per Share | $ 0.033 | $ 0.033 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 3 Months Ended | |
Apr. 30, 2016 | May. 02, 2015 | |
OPERATING ACTIVITIES | ||
Net income | $ 35,874 | $ 31,083 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation | 5,676 | 5,374 |
Provision For Doubtful Accounts | 246 | 259 |
Purchase premium and premium amortization | 4 | (1,214) |
Share Based Compensation | 394 | 667 |
Excess tax benefits from share-based compensation | (62) | (59) |
Deferred income taxes | 0 | (1,204) |
Loss on disposal of property and equipment | 936 | 67 |
Impairment of Leasehold | 0 | 0 |
Changes in operating assets and liabilities which provided (used) cash: | ||
Accounts receivable | (1,057) | 2,448 |
Merchandise inventories | 6,935 | 3,687 |
Prepaid and other assets | (462) | (2,650) |
Accrued income taxes | 10,551 | 18,124 |
Accounts payable, accrued expenses and other liabilities | (22,875) | (26,817) |
Net cash provided by operating activities | 36,160 | 29,765 |
INVESTING ACTIVITIES | ||
Capital expenditures | (6,030) | (4,579) |
Purchase of short-term investments | (36,900) | (28,531) |
Sales of short-term investments | 10,683 | 13,885 |
Payments to Acquire Projects | (63) | (1,837) |
Proceeds from Sale of Investment Projects | 0 | (268) |
Change in restricted cash and investments | (2) | 5 |
Net cash used in investing activities | (32,312) | (20,789) |
FINANCING ACTIVITIES | ||
Dividends paid | (8,318) | (8,374) |
Repurchase of common stock | (7,100) | (547) |
Proceeds from employee stock purchase plan | 209 | 235 |
Excess tax benefits from share-based compensation financing activities | 62 | 59 |
Proceeds From Stock Options Exercised | 230 | 0 |
Net cash provided used in financing activities | (14,917) | (8,627) |
Net increase in cash and cash equivalents | (11,069) | 349 |
Cash and cash equivalents at beginning of period | 67,057 | 93,946 |
Effect of Exchange Rate on Cash | 0 | (1) |
Cash and cash equivalents at end of period | 55,988 | 94,294 |
Change in Accrued PPE | $ 218 | $ 1,697 |
General - Notes to Financial St
General - Notes to Financial Statements | 3 Months Ended |
Apr. 30, 2016 | |
General Dsiclosure [Abstract] | |
Summary of Significant Account Policies | NOTE 1 - GENERAL : The condensed consolidated financial statements as of April 30, 2016 and for the thirteen week period ended April 30, 2016 and May 2, 2015 have been prepared from the accounting records of The Cato Corporation and its wholly-owned subsidiaries (the “Company”), and all amounts shown are unaudited. In the opinion of management, all adjustments considered necessary for a fair statement have be en included. All such adjustments are of a normal, recurring nature unless otherwise noted. The results of the interim period may not be indicative of the results expected for the entire year. The interim financial statements should be read in conjuncti on with the consolidated financial statements and notes thereto, included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 30, 2016 . Amounts as of January 30, 2016 have been derived from the audited balance sheet, but do not inc lude all disclosures required by accounting principles generally accepted in the United States of America. During the first quarter of 2016, the Company determined that there was an error in the classification of unrecognized tax benefits for uncertain ta x positions as current liabilities in Accrued income taxes that resulted in a revision to the prior year end balance sheet as of January 30, 2016. The Condensed Consolidated Balance Sheet as of January 30, 2016 has been revised to correct the presentation of the amounts, which resulted in a decrease to Accrued income taxes and a corresponding increase to Other noncurrent liabilities of $13.6 million, which primarily consists of deferred rent and deferred compensation liabilities . There was no impact to the statement of income and comprehensive income and no impact to total net cash prov ided by operating activities or used in investing and financing activities in the statement of cash flows. The Company concluded that the revision was immaterial to prior period financial statements. During the first quarter of 2016, the Company changed i ts estimate for recognizing gift card breakage income. The Company changed the dormancy period to 24 months of inactivity from 60 months of inactivity to more closely align with recent Company experience, industry practice and tax treatment. As a result th e Company recognized $2.4 million of additional breakage income (recorded in Interest and other income in the accompanying Condensed Consolidated Statements of Income and Comprehensive Income) for gift cards that were dormant from January 30, 2011 through February 1, 2014. On May 19, 2016 , the Board of Directors increased the quarterly dividend to $0.33 per share. |
Earnings Per Share - Notes to F
Earnings Per Share - Notes to Financial Statements | 3 Months Ended |
Apr. 30, 2016 | |
Earnings Per Share Disclosure [Abstract] | |
Earnings Per Share | NOTE 2 - EARNINGS PER SHARE: ASC 260 – Earnings Per Share requires dual presentation of basic and diluted Earnings Per Share (“ EPS ”) on the face of all income statements for all entities with complex capital structures. The Company has presented one basic EPS and one diluted EPS amount for all common shares in the accompanying Condensed Consolidated Statements of Income and Comprehens ive Income . While the Company’s certificate of incorporation provides the right for the Board of Directors to declare dividends on Class A shares without declaration of commensurate dividends on Class B shares, the Company has historically paid the same d ividends to both Class A and Class B shareholders and the Board of Directors has resolved to continue this practice. Accordingly, the Company’s allocation of income for purposes of the EPS computation is the same for Class A and Class B shares and the EPS amounts reported herein are applicable to both Class A and Class B shares. Basic EPS is computed as net income less earnings allocated to non-vested equity awards divided by the weighted average number of common shares outstanding for the period. Dilute d EPS reflects the potential dilution that could occur from common shares issuable through stock options and the Employee Stock Purchase Plan. Three Months Ended April 30, 2016 May 2, 2015 (Dollars in thousands) Numerator Net earnings $ 35,874 $ 31,083 Earnings allocated to non-vested equity awards (727) (609) Net earnings available to common stockholders $ 35,147 $ 30,474 Denominator Basic weighted average common shares outstanding 27,178,974 27,369,149 Dilutive effect of stock options 1,877 6,081 Diluted weighted average common shares outstanding 27,180,851 27,375,230 Net income per common share Basic earnings per share $ 1.29 $ 1.11 Diluted earnings per share $ 1.29 $ 1.11 |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Income | 3 Months Ended | |
Apr. 30, 2016 | May. 02, 2015 | |
AccumulatedOtherComprehensiveIncomeLossDisclosure[Abstract] | ||
Accumulated Other Comprehensive Income (Loss) | NOTE 3 – ACCUMULATED OTHER COMPREHENSIVE INCOME : T he following tables set forth information regarding the reclassification out of A ccumulated other comprehensive income (in thousands) for the three months ended April 30, 2016 : Changes in Accumulated Other Comprehensive Income (a) Unrealized Gains and (Losses) on Available-for-Sale Securities Beginning Balance at January 30, 2016 $ 800 Other comprehensive income before reclassification 154 Amounts reclassified from accumulated other comprehensive income (b) (1) Net current-period other comprehensive income 153 Ending Balance at April 30, 2016 $ 953 (a) All amounts are net-of-tax. Amounts in parentheses indicate a debit/reduction to other comprehensive income ("OCI"). (b) Includes $2 impact of accumulated other comprehensive income reclassifications into Interest and other income for net gains on available-for-sale securities. The tax impact of this reclassification was $1. | Changes in Accumulated Other Comprehensive Income (a) Unrealized Gains and (Losses) on Available-for-Sale Securities Beginning Balance at January 31, 2015 $ 786 Other comprehensive income before reclassification (483) Amounts reclassified from accumulated other comprehensive income (b) 151 Net current-period other comprehensive income (332) Ending Balance at May 2, 2015 $ 454 (a) All amounts are net-of-tax. Amounts in parentheses indicate a debit/reduction to other comprehensive income ("OCI"). (b) Includes ($241) impact of accumulated other comprehensive income reclassifications into Interest and other income for net gains on available-for-sale securities. The tax impact of this reclassification was ($90). |
Financing Arrangements - Notes
Financing Arrangements - Notes to Financial Statements | 3 Months Ended |
Apr. 30, 2016 | |
Financing Arrangements [Abstract] | |
Financing Arrangements | NOTE 4 – FINANCING ARRANGEMENTS: As of April 30, 2016 , the Company had an unsecured revolving credit agreement to borrow $35.0 million less the balance of any revocable letters of credit as discussed below . The revolving credit agreement is committed until August 2018 . The credit agreement contains various financial covenants and limitations, including the maintenance of specific financial ratios with which the Company was in compliance as of April 30, 2016 . There were no borrowings out standing under this credit facility during the periods ended April 30, 2016 or January 30, 2016 . The weighted average interest rate under the credit facility was zero at April 30, 2016 due to no borrowings during the year. At April 30, 2016 and January 30, 2016 , the Company had no outstanding revocable letters of credit relating to purchase commitments. |
Reportable Segment Information
Reportable Segment Information - Notes to Financial Statements | 3 Months Ended |
Apr. 30, 2016 | |
Reportable Segment Information [Abstract] | |
Reportable Segment Information | NOTE 5 – REPORTABLE SEGMENT INFORMATION: The Company has determined that it has four operating segments, as defined under ASC 280-10, including Cato, It’s Fashion, Versona and Credit. As outlined in ASC 280-10, the Company has two reportable segments: Retail and Credit. The Company has aggregated its three retail operating segments, including e-commerce, based on the aggregation criteria outlined in ASC 280-10, which stat es that two or more operating segments may be aggregated into a single reportable segment if aggregation is consistent with the objective and basic principles of ASC 280-10, which require the segments have similar economic characteristics, similar product, similar production processes, similar clients and similar methods of distribution. The Company’s retail operating segments have similar economic characteristics and similar operating, financial and competitive risks. They are similar in nature of prod uct, as they all offer women’s apparel, shoes and accessories. Merchandise inventory for the Company’s retail operating segments is sourced from the same countries and some of the same vendors, using similar production processes. Merchandise for the Comp any’s operating segments is distributed to retail stores in a similar manner through the Company’s single distribution center and is subsequently distributed to clients in a similar manner. The Company operates its women’s fashio n specialty retail stores in 33 states as of April 30, 2016 , principally in the southeastern United States . The Company offers its own credit card to its customers and all credit authorizations, payment processing and collection efforts are perfo rmed by a separate subsidiary of the Company. Three Months Ended April 30, 2016 Retail Credit Total Revenues $286,703 $1,270 $287,973 Depreciation 5,664 12 5,676 Interest and other income (2,928) - (2,928) Income before taxes 49,838 343 50,181 Capital expenditures 6,030 - 6,030 Three Months Ended May 2, 2015 Retail Credit Total Revenues $282,493 $1,406 $283,899 Depreciation 5,362 12 5,374 Interest and other income (568) - (568) Income before taxes 47,518 471 47,989 Capital expenditures 4,579 - 4,579 Retail Credit Total Total assets as of April, 30, 2016 $591,366 $57,438 $648,804 Total assets as of January, 30, 2016 540,941 101,403 642,344 The Company evaluates segment performance based on income before taxes. The Company does not allocate certain corporate expenses or income taxes to the credit segment. The following schedule summarizes the direct expenses of the credit segment which are reflected in selling, general and administrative expenses (in thousands): Three Months Ended April 30, 2016 May 2, 2015 Bad debt expense $ 246 $ 259 Payroll 231 211 Postage 180 191 Other expenses 258 262 Total expenses $ 915 $ 923 |
Stock Based Compensation - Note
Stock Based Compensation - Notes to Financial Statements | 3 Months Ended |
Apr. 30, 2016 | |
Disclosure Of Compensation Related Costs Sharebased Payments Abstract | |
Stock Based Compensation | NOTE 6 – STOCK BASED COMPENSATION: As of April 30, 2016 , the Company had three long-term compensation plans pursuant to which stock-based compensation was outstanding or could be granted. The Company’s 1987 Non-Qualified Stock Option Plan is for the granting of options to officers and key employees. As of April 30, 2016 , there were no available stock options for grant under this plan . The 2013 Incentive Compensation Plan and 2004 Amended and Restated Incentive Compensation Plan are for the granting of various forms of equity-based awards, including restricted stock and stock options for grant, to officers, directors and key employees. Effective May 23, 2013, shares for grant were no longer available under the 2004 Amended and Restated Incentive Compensation Plan. The following table presents the number of options and shares of restricted stock initially authorized and available for grant under each of the plans as of April 30, 2016 : 1987 2004 2013 Plan Plan Plan Total Options and/or restricted stock initially authorized 5,850,000 1,350,000 1,500,000 8,700,000 Options and/or restricted stock available for grant: April 30, 2016 - - 1,166,772 1,166,772 In accordance with ASC 718 , the fair value of current restricted stock awards is estimated on the date of grant based on the market price of the Company’s stock and is amortized to compensation expense on a straight-line basis over the related vesting periods. As of April 30, 2016 and January 30, 2016 , there was $11,058,000 and $12,214,000 , respectively, of total unrecognized compensation expense related to nonvested restricted stock awards, which h ad a remaining weight ed-average vesting period of 2.7 years and 2.6 years , respectively. The total fair value of the shares recognized as compensation expense during the three months ended April 30, 2016 was $353,000 compared to $621,000 for the three months ended May 2, 2015 . These expenses are classified as a component of S elling, general and administrative expenses (exclusive of depreciation) in the Condensed Consolidated Statements of Income . The following summary shows the changes in the shares of unvested restricted stock outstanding during the three months ended April 30, 2016 : Weighted Average Number of Grant Date Fair Shares Value Per Share Restricted stock awards at January 30, 2016 576,676 $ 29.71 Granted - - Vested - - Forfeited or expired (29,921) 29.74 Restricted stock awards at April 30, 2016 546,755 $ 29.70 The Company’s Employee Stock Purchase Plan allows eligible full-time employees to purchase a limited number of shares of the Company’s Class A Common Stock during each semi-annual offering period at a 15% discount through payroll deductions. During the three months ended April 30, 2016 and May 2, 2015 , the Company sold 7,048 and 7,763 shares to employees at an average discount of $5.23 and $5.34 per share, respectively, under the Employee Stock Purch ase Plan. The compensation expense recognized for the 15% discount given under the Employee Stock Purchas e Plan was approximately $37,000 and $41,000 for the three months ended April 30, 2016 and May 2, 2015 , respectively . The se expenses ar e classified as a component of S elling, general and administrative expenses. As of May 1, 2016, the Company granted 148,591 shares of additional restricted stock to officers and key employees. The shares have a weighted average grant date fa ir value of $36.83 and will vest over five years at the rate of 33% in each of the third and fourth years and 34% in the fifth. The calculated unearned compensation expense of $5,473,000 will be charged as a component of additional paid-in capital and amor tized to compensation expense over the related vesting term. |
Fair Value Measurements - Notes
Fair Value Measurements - Notes to Financial Statements | 3 Months Ended | 12 Months Ended |
Apr. 30, 2016 | Jan. 30, 2016 | |
Fair Value Measurements [Abstract] | ||
Fair Value Disclosures Text Block | NOTE 7 – FAIR VALUE MEASUREMENTS: The following table s set forth information regarding the Company’s financial assets and liabilities that are measured at fair value (in t housands) as of April 30, 2016 and January 30, 2016 Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable April 30, 2016 Assets Inputs Inputs Description Level 1 Level 2 Level 3 Assets: State/Municipal Bonds $ 207,580 $ - $ 207,580 $ - Corporate Bonds 23,882 - 23,882 - U.S. Treasury Notes 3,005 3,005 - - Cash Surrender Value of Life Insurance 7,452 - - 7,452 Asset-backed Securities (ABS) 10,909 - 10,909 - Corporate Equities 607 607 - - Certificates of Deposit 100 100 - - Total Assets $ 253,535 $ 3,712 $ 242,371 $ 7,452 Liabilities: Deferred Compensation (7,313) - - (7,313) Total Liabilities $ (7,313) $ - $ - $ (7,313) The Company’s investment portfolio was primarily invested in corporate bonds and tax-exempt and taxable governmental debt securities held in managed accounts with underlying ratings of A or better at April 30, 2016 and January 30, 2016 . The state, municipal and corporate bonds have contractual maturities which range from one day to 8.0 years. The U.S. Treasury Notes and Certificates of Deposit have contractual maturities which range from five months to 1.9 years. These securities are classified as available-for-sale and are recorded as Short-term investments, Restricted cash and investments and Other assets on the ac companying Condensed Consolidated Balance Sheets . These assets are carried at fair value with unrealized gains and losses reported net of taxes in Accumulated other comprehensive income. Ad ditionally, at April 30, 2016 , the Company had $0.6 mi llion of corporate equities and deferred compensation plan assets of $7.5 million . At January 30, 2016 , the Company had $0.6 million of corporate equities and deferred compensation plan assets of $6.4 million . All of these assets are recorded within Other a ssets in the Condensed Consolid ated Balance Sheets. Level 1 category securities are measured at fair value using quoted active market prices. Level 2 investment securities include corporate and municipal bonds for which quoted prices may not be available on active exchanges for ident ical instruments. Their fair value is principally based on market values determined by management with assistance of a third-party pricing service. Since quoted prices in active markets for identical assets are not available, these prices are determined by the pricing service using observable market information such as quotes from less active markets and/or quoted prices of securities with similar characteristics, among other factors. Deferred compensation plan assets consist of life insurance policies. These life insurance policies are valued based on the cash surrender value of the insurance contract, which is determined based on such factors as the fair value of the underlying assets and discounted cash flow and are therefore classified within L evel 3 of the valu ation hierarchy. The L evel 3 liability associated with the life insurance policies represents a deferred compensation obligation, the value of which is tracked via underlying insurance funds. These funds are designed to mirror existing mutual funds an d money market funds that are observable and actively traded. Cash surrend er values are provided by third parties and reviewed for reasonableness by the Company. The following tables summarize the change in fair value of the Company’s financial assets measured using Level 3 inputs as of April 30, 2016 and May 2, 2015 ( dollars in thousands): Fair Value Measurements Using Significant Unobservable Asset Inputs (Level 3) Available-For-Sale Cash Debt Securities Other Investments Surrender ARS Private Equity Value Total Beginning Balance at January 30, 2016 $ - $ - $ 6,409 $ 6,409 Redemptions - - - - Additions - - 809 809 Total gains or (losses) Included in interest and other income (or changes in net assets) - - 234 234 Included in other comprehensive income - - - - Ending Balance at April 30, 2016 $ - $ - $ 7,452 $ 7,452 Fair Value Measurements Using Significant Unobservable Liability Inputs (Level 3) Deferred Compensation Total Beginning Balance at January 30, 2016 $ (6,187) $ (6,187) Redemptions - - Additions (836) (836) Total (gains) or losses Included in interest and other income (or changes in net assets) (290) (290) Included in other comprehensive income - - Ending Balance at April 30, 2016 $ (7,313) $ (7,313) Fair Value Measurements Using Significant Unobservable Asset Inputs (Level 3) Available-For-Sale Cash Debt Securities Other Investments Surrender ARS Private Equity Value Total Beginning Balance at January 31, 2015 $ - $ 306 $ 4,558 $ 4,865 Redemptions - (246) - (246) Additions - - Total gains or (losses) Included in interest and other income (or changes in net assets) - - 215 215 Included in other comprehensive income - (21) - (21) Ending Balance at May 2, 2015 $ - $ 39 $ 4,773 $ 4,812 Fair Value Measurements Using Significant Unobservable Liability Inputs (Level 3) Deferred Compensation Total Beginning Balance at January 31, 2015 $ (4,272) $ (4,272) Redemptions 47 47 Total (gains) or losses Included in interest and other income (or changes in net assets) (195) (195) Ending Balance at May 2, 2015 $ (4,420) $ (4,420) | Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable January 30, 2016 Assets Inputs Inputs Description Level 1 Level 2 Level 3 Assets: State/Municipal Bonds $ 193,500 $ - $ 193,500 $ - Corporate Bonds 10,941 - 10,941 - U.S. Treasury Notes 1,203 1,203 - - Cash Surrender Value of Life Insurance 6,409 - - 6,409 Asset-backed Securities (ABS) 11,054 - 11,054 - Corporate Equities 578 578 - - Certificates of Deposit 100 100 - - Total Assets $ 223,785 $ 1,881 $ 215,495 $ 6,409 Liabilities: Deferred Compensation (6,187) - - (6,187) Total Liabilities $ (6,187) $ - $ - $ (6,187) |
Recent Accounting Pronouncement
Recent Accounting Pronouncements - Notes to Financial Statements | 3 Months Ended |
Apr. 30, 2016 | |
Recent Accounting Pronouncements [Abstract] | |
Recent Accounting Pronouncements | Recently Adopted Accounting Policies In November 2015, the Financial Accounting Standards Board issued new accounting guidance that requires entities to present deferred tax assets and deferred tax liabilities, along with any related valuation allowance, as noncurrent in a balance sheet. The standard is effective for annual and interim periods beginning after December 15, 2016, with early adoption permitted. We have early adopted this new guidance prospectively beginning with the Condensed Consolidated Ba lance Sheet at January 30, 2016, which is included in the Company’s Annual Report on Form 10-K. Prior periods were not retrospectively adjusted. Recent Accounting Pronouncements In March 2016, the Financial Accounting Standards Board issued new accountin g guidance regarding employee share-based payment accounting. The new guidance simplifies certain aspects of the accounting for share-based payment transactions, including income tax requirements, forfeitures and presentation on the balance sheet and state ment of cash flows. The new guidance is effective for the Company for annual and interim periods beginning after December 15, 2016. The Company is assessing what impacts the adoption of this new guidance will have on its Consolidated Financial Statements. In November 2015, the Financial Accounting Standards Board issued an effective date for a new leasing standard that will require substantially all leases to be recorded on the balance sheet. The standard is effective for the Company’s first quarter of its 2019 fiscal year; early adoption is permitted as of the beginning of an interim or annual reporting period. The Company is assessing what impacts this new standard will have on its Consolidated Financial Statements. In July 2015, the Financial Accounting Standards Board issued an accounting standards update that will simplify the measurement of inventory for companies. The standard differentiates the valuation methods used to measure inventory based on the type of inventory method utilized by a company. C ompanies using the first-in, first-out method and the average cost method will measure inventory at the net realizable value method to measure inventory. Companies using the last-in, first-out method and the retail method will use the lower of cost or mark et to measure inventory. The standard is effective for the Company’s first quarter of its 2017 fiscal year; early adoption is permitted as of the beginning of an interim or annual reporting period. The Company is assessing what impacts this new standard wi ll have on its Consolidated Financial Statements. In May 2014, the Financial Accounting Standards Board issued an accounting standards update that will supersede most current revenue recognition guidance and modify the accounting treatment for certain cos ts associated with revenue generation. The core principle of the revised revenue recognition standard is that an entity should recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services, and provides several steps to apply to achieve that principle. In addition, the new guidance enhances disclosure requirements to include more information about specific revenue co ntracts entered into by the entity. The standard is effective for the Company’s first quarter of its 2018 fiscal year; early adoption is permitted as of the original effective date. The Company is assessing what impacts this new standard will have on its Consolidated Financial Statements. |
Earnings Per Share - (Tables)
Earnings Per Share - (Tables) | 3 Months Ended |
Apr. 30, 2016 | |
Earnings Per Share Disclosure [Abstract] | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended April 30, 2016 May 2, 2015 (Dollars in thousands) Numerator Net earnings $ 35,874 $ 31,083 Earnings allocated to non-vested equity awards (727) (609) Net earnings available to common stockholders $ 35,147 $ 30,474 Denominator Basic weighted average common shares outstanding 27,178,974 27,369,149 Dilutive effect of stock options 1,877 6,081 Diluted weighted average common shares outstanding 27,180,851 27,375,230 Net income per common share Basic earnings per share $ 1.29 $ 1.11 Diluted earnings per share $ 1.29 $ 1.11 |
Changes in Accumulated Other Co
Changes in Accumulated Other Comprehensive Income (Tables) | 3 Months Ended | |
Apr. 30, 2016 | May. 02, 2015 | |
AccumulatedOtherComprehensiveIncomeLossDisclosure[Abstract] | ||
Schedule Of Accumulated Other Comprehensive Income Loss Table Text Block | Changes in Accumulated Other Comprehensive Income (a) Unrealized Gains and (Losses) on Available-for-Sale Securities Beginning Balance at January 30, 2016 $ 800 Other comprehensive income before reclassification 154 Amounts reclassified from accumulated other comprehensive income (b) (1) Net current-period other comprehensive income 153 Ending Balance at April 30, 2016 $ 953 (a) All amounts are net-of-tax. Amounts in parentheses indicate a debit/reduction to other comprehensive income ("OCI"). (b) Includes $2 impact of accumulated other comprehensive income reclassifications into Interest and other income for net gains on available-for-sale securities. The tax impact of this reclassification was $1. | Changes in Accumulated Other Comprehensive Income (a) Unrealized Gains and (Losses) on Available-for-Sale Securities Beginning Balance at January 31, 2015 $ 786 Other comprehensive income before reclassification (483) Amounts reclassified from accumulated other comprehensive income (b) 151 Net current-period other comprehensive income (332) Ending Balance at May 2, 2015 $ 454 (a) All amounts are net-of-tax. Amounts in parentheses indicate a debit/reduction to other comprehensive income ("OCI"). (b) Includes ($241) impact of accumulated other comprehensive income reclassifications into Interest and other income for net gains on available-for-sale securities. The tax impact of this reclassification was ($90). |
Reportable Segment Informatio17
Reportable Segment Information - (Tables) | 3 Months Ended |
Apr. 30, 2016 | |
Reportable Segment Information [Abstract] | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Three Months Ended April 30, 2016 Retail Credit Total Revenues $286,703 $1,270 $287,973 Depreciation 5,664 12 5,676 Interest and other income (2,928) - (2,928) Income before taxes 49,838 343 50,181 Capital expenditures 6,030 - 6,030 Three Months Ended May 2, 2015 Retail Credit Total Revenues $282,493 $1,406 $283,899 Depreciation 5,362 12 5,374 Interest and other income (568) - (568) Income before taxes 47,518 471 47,989 Capital expenditures 4,579 - 4,579 Retail Credit Total Total assets as of April, 30, 2016 $591,366 $57,438 $648,804 Total assets as of January, 30, 2016 540,941 101,403 642,344 Three Months Ended April 30, 2016 May 2, 2015 Bad debt expense $ 246 $ 259 Payroll 231 211 Postage 180 191 Other expenses 258 262 Total expenses $ 915 $ 923 |
Stock Based Compensation - Plan
Stock Based Compensation - Plans (Tables) | 3 Months Ended |
Apr. 30, 2016 | |
Disclosure Of Compensation Related Costs Sharebased Payments Abstract | |
Stock Based Compensation Plans | 1987 2004 2013 Plan Plan Plan Total Options and/or restricted stock initially authorized 5,850,000 1,350,000 1,500,000 8,700,000 Options and/or restricted stock available for grant: April 30, 2016 - - 1,166,772 1,166,772 |
Sechedule Of Restricted Stock O
Sechedule Of Restricted Stock Outstanding - (Tables) | 3 Months Ended |
Apr. 30, 2016 | |
Disclosure Of Compensation Related Costs Sharebased Payments Abstract | |
Schedule Of Changes In Restricted Stock Outstanding | Weighted Average Number of Grant Date Fair Shares Value Per Share Restricted stock awards at January 30, 2016 576,676 $ 29.71 Granted - - Vested - - Forfeited or expired (29,921) 29.74 Restricted stock awards at April 30, 2016 546,755 $ 29.70 |
Fair Value Measurements - Asset
Fair Value Measurements - Assets at Fairvalue - (Tables) | 3 Months Ended | 12 Months Ended |
Apr. 30, 2016 | Jan. 30, 2016 | |
Fair Value Measurements [Abstract] | ||
Fair Value Disclosures | Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable April 30, 2016 Assets Inputs Inputs Description Level 1 Level 2 Level 3 Assets: State/Municipal Bonds $ 207,580 $ - $ 207,580 $ - Corporate Bonds 23,882 - 23,882 - U.S. Treasury Notes 3,005 3,005 - - Cash Surrender Value of Life Insurance 7,452 - - 7,452 Asset-backed Securities (ABS) 10,909 - 10,909 - Corporate Equities 607 607 - - Certificates of Deposit 100 100 - - Total Assets $ 253,535 $ 3,712 $ 242,371 $ 7,452 Liabilities: Deferred Compensation (7,313) - - (7,313) Total Liabilities $ (7,313) $ - $ - $ (7,313) | Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable January 30, 2016 Assets Inputs Inputs Description Level 1 Level 2 Level 3 Assets: State/Municipal Bonds $ 193,500 $ - $ 193,500 $ - Corporate Bonds 10,941 - 10,941 - U.S. Treasury Notes 1,203 1,203 - - Cash Surrender Value of Life Insurance 6,409 - - 6,409 Asset-backed Securities (ABS) 11,054 - 11,054 - Corporate Equities 578 578 - - Certificates of Deposit 100 100 - - Total Assets $ 223,785 $ 1,881 $ 215,495 $ 6,409 Liabilities: Deferred Compensation (6,187) - - (6,187) Total Liabilities $ (6,187) $ - $ - $ (6,187) |
Fair Value Measurments - Level
Fair Value Measurments - Level 3 Roll (Tables) | 3 Months Ended |
Apr. 30, 2016 | |
Fair Value Measurements [Abstract] | |
Level 3 Reconciliation | Fair Value Measurements Using Significant Unobservable Asset Inputs (Level 3) Available-For-Sale Cash Debt Securities Other Investments Surrender ARS Private Equity Value Total Beginning Balance at January 30, 2016 $ - $ - $ 6,409 $ 6,409 Redemptions - - - - Additions - - 809 809 Total gains or (losses) Included in interest and other income (or changes in net assets) - - 234 234 Included in other comprehensive income - - - - Ending Balance at April 30, 2016 $ - $ - $ 7,452 $ 7,452 Fair Value Measurements Using Significant Unobservable Liability Inputs (Level 3) Deferred Compensation Total Beginning Balance at January 30, 2016 $ (6,187) $ (6,187) Redemptions - - Additions (836) (836) Total (gains) or losses Included in interest and other income (or changes in net assets) (290) (290) Included in other comprehensive income - - Ending Balance at April 30, 2016 $ (7,313) $ (7,313) Fair Value Measurements Using Significant Unobservable Asset Inputs (Level 3) Available-For-Sale Cash Debt Securities Other Investments Surrender ARS Private Equity Value Total Beginning Balance at January 31, 2015 $ - $ 306 $ 4,558 $ 4,865 Redemptions - (246) - (246) Additions - - Total gains or (losses) Included in interest and other income (or changes in net assets) - - 215 215 Included in other comprehensive income - (21) - (21) Ending Balance at May 2, 2015 $ - $ 39 $ 4,773 $ 4,812 Fair Value Measurements Using Significant Unobservable Liability Inputs (Level 3) Deferred Compensation Total Beginning Balance at January 31, 2015 $ (4,272) $ (4,272) Redemptions 47 47 Total (gains) or losses Included in interest and other income (or changes in net assets) (195) (195) Ending Balance at May 2, 2015 $ (4,420) $ (4,420) |
General - Notes to Financial 22
General - Notes to Financial Statements - (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |
Apr. 30, 2016 | May. 02, 2015 | |
General Dsiclosure [Abstract] | ||
Quarterly Declared Dividend | $ 0.3 | $ 0.3 |
Repurchase of common stock | $ 7,100 | $ 547 |
Net income | 35,874 | 31,083 |
Dividends paid | $ 8,318 | $ 8,374 |
Earnings Per Share - (Details)
Earnings Per Share - (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |
Apr. 30, 2016 | May. 02, 2015 | |
Earnings Per Share Disclosure [Abstract] | ||
Net income | $ 35,874 | $ 31,083 |
Earnings Allocated to Non-Vesting Equity Awards | (727) | (609) |
Net Income (Loss) Available to Common Stockholders | $ 35,147 | $ 30,474 |
Basic Weighted-Average common shares outstanding | 27,178,974 | 27,369,149 |
Dilutive Effect of Stock Options | 1,877 | 6,081 |
Dilluted Weighted Average Common Shares Outstanding | 27,180,851 | 27,375,230 |
Basic earnings per share | $ 1.29 | $ 1.11 |
Diluted earnings per share | $ 1.29 | $ 1.11 |
Changes in Accumulated Other 24
Changes in Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Apr. 30, 2016 | May. 02, 2015 | |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||
Beginning Balance Accumulated other comprehensive income, net of tax | $ 800 | |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax | $ (483) | |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax | 151 | |
Unrealized gain on available-for-sale securities, net of deferred income taxes | 153 | (332) |
Ending Balance Accumulated other comprehensive income, net of tax | 953 | |
ChangeInUnrealizedGainsOnAvailableForSaleSecuritiesMember [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||
Beginning Balance Accumulated other comprehensive income, net of tax | 786 | |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax | 154 | |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax | (1) | |
Unrealized gain on available-for-sale securities, net of deferred income taxes | $ 153 | (332) |
Ending Balance Accumulated other comprehensive income, net of tax | $ 454 |
Changes in Accumulated Other 25
Changes in Accumulated Other Comprehensive Income Components - (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Apr. 30, 2016 | May. 02, 2015 | |
ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems | ||
Income Tax Benefit (Expense) | $ 14,307 | $ 16,906 |
Reclassified Accumulated Unrealized Gains and Losses | ||
ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems | ||
Interest and Other Income | 2 | (241) |
Income Tax Benefit (Expense) | $ 1 | $ (90) |
Financing Arrangements - (Detai
Financing Arrangements - (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Apr. 30, 2016 | May. 02, 2015 | Jan. 30, 2016 | |
Letter of Credit [Member] | |||
Line of Credit Facility [Line Items] | |||
Line of Credit Facility Outstanding Borrowings | $ 0 | $ 0 | $ 0 |
RevolvingCreditFacilityMember [Member] | |||
Line of Credit Facility [Line Items] | |||
Line of Credit Facility, Maximum Borrowing Capacity | 35,000 | ||
Line of Credit Facility Outstanding Borrowings | $ 0 | ||
Line of Credit Facility, Expiration Date | Aug. 22, 2018 |
Reportable Segment Informatio27
Reportable Segment Information - (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Apr. 30, 2016 | May. 02, 2015 | Jan. 30, 2016 | |
Segment Reporting Information [Line Items] | |||
Total revenues | $ 287,973 | $ 283,899 | |
Depreciation | 5,676 | 5,374 | |
Interest and other income | 2,928 | 568 | |
Total Assets | 648,804 | $ 642,344 | |
Capital expenditures | 6,030 | 4,579 | |
Income Before Taxes | 50,181 | 47,989 | |
ReportableSegmentsMemberRetail [Member] | |||
Segment Reporting Information [Line Items] | |||
Total revenues | 286,703 | 282,493 | |
Depreciation | 5,664 | 5,362 | |
Interest and other income | (2,928) | (568) | |
Total Assets | 591,366 | 540,941 | |
Capital expenditures | 6,030 | 4,579 | |
Income Before Taxes | 49,838 | 47,518 | |
ReportableSegmentsMemberCredit [Member] | |||
Segment Reporting Information [Line Items] | |||
Total revenues | 1,270 | 1,406 | |
Depreciation | 12 | 12 | |
Interest and other income | 0 | 0 | |
Total Assets | 57,438 | $ 101,403 | |
Capital expenditures | 0 | 0 | |
Income Before Taxes | $ 343 | $ 471 |
Direct Expenses of Credit Segme
Direct Expenses of Credit Segment in SGA - (Details) - ReportableSegmentsMemberCredit [Member] - USD ($) $ in Thousands | 3 Months Ended | |
Apr. 30, 2016 | May. 02, 2015 | |
Segment Reporting Information [Line Items] | ||
Bad debt expense | $ 246 | $ 259 |
Labor and Related Expense | 231 | 211 |
Postage Expense | 180 | 191 |
Other Expenses | $ 258 | $ 262 |
Stock Based Compensation - Pl29
Stock Based Compensation - Plans - (Details) - shares | Apr. 30, 2016 | Jan. 30, 2016 |
1987 Plan | ||
Authorized And Available For Grant [Line Items] | ||
Options And/Or Restrcited Stock Initially Authorized | 5,850,000 | |
Options And Or Restricted Stock Available For Grant | 0 | 0 |
2004 Plan | ||
Authorized And Available For Grant [Line Items] | ||
Options And/Or Restrcited Stock Initially Authorized | 1,350,000 | |
Options And Or Restricted Stock Available For Grant | 0 | 0 |
2013 Plan | ||
Authorized And Available For Grant [Line Items] | ||
Options And/Or Restrcited Stock Initially Authorized | 1,500,000 | |
Options And Or Restricted Stock Available For Grant | 1,166,772 | 1,145,723 |
Sechedule Of Restricted Stock30
Sechedule Of Restricted Stock Outstanding - (Details) - 2004 Plan - Restricted Stock - Class A Common Stock | 3 Months Ended |
Apr. 30, 2016$ / sharesshares | |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested [Roll Forward] | |
Restricted Stock Awards Beginning Balance | shares | 576,676 |
Restricted Stock Awards Granted | shares | 0 |
Restricted Stock Awards Vested | shares | 0 |
Restricted Stock Awards Foreited | shares | (29,921) |
Restricted Stock Awards Ending Balance | shares | 546,755 |
Share Based Compensation Arrangement By Share Based Payment Award Equity InstrumentsOtherThan Options Nonvested Weighted Average Grant Date Fair Value | |
Restricted Stock Awards Weighted Average Grant Date Fair Value Per Share - Beginning Balance | $ / shares | $ 29.7062 |
Granted Restricted Stock Awards Weighted Average Grant Date Fair Value Per Share | $ / shares | 0 |
Vested Restricted Stock Awards Weighted Average Grant Date Fair Value Per Share | $ / shares | 0 |
Forfeited Restricted Stock Awards Weighted Average Grant Date Fair Value Per Share | $ / shares | 29.744 |
Restricted Stock Awards Weighted Average Grant Date Fair Value Per Share - Ending Balance | $ / shares | $ 29.7 |
Stock Based Compensation Additi
Stock Based Compensation Additional - (Details) - Class A Common Stock - USD ($) | 3 Months Ended | 12 Months Ended | |
Apr. 30, 2016 | May. 02, 2015 | Jan. 30, 2016 | |
Restricted Stock | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Unrecognized Compensation Expense | $ 11,058,000,000 | $ 12,214,000,000,000 | |
Remaining Weighted-Average Vesting Period | 2 years 8 months 12 days | 2 years 7 months 6 days | |
Compensation Expense | $ 353,000 | $ 621,000 | |
Stock Options | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Compensation Expense | 0 | ||
Intrinsic Value | $ 0 | ||
Options Granted | 0 | ||
Employee Stock Purchase Plan | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Shares Sold | 7,048 | 7,763 | |
Compensation Expense | $ 37,000 | $ 41,000 | |
Employee Stock Purchase Plan Share Purchase Discount | $ 5.23 | $ 5.34 |
Weighted Average Option Rollfor
Weighted Average Option Rollforward - (Details) | 3 Months Ended |
Apr. 30, 2016shares | |
Stock Options | Class A Common Stock | |
shareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward | |
Options Granted | 0 |
Fair Value Measurements - Ass33
Fair Value Measurements - Assets at Fairvalue - (Details) - USD ($) $ in Thousands | Apr. 30, 2016 | Jan. 30, 2016 |
Level 1 | Deferred Compensation | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other Liabilities, Fair Value Disclosure | $ 0 | $ 0 |
Level 2 | Deferred Compensation | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other Liabilities, Fair Value Disclosure | 0 | 0 |
Level 3 | Deferred Compensation | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other Liabilities, Fair Value Disclosure | (7,313) | (6,187) |
State/Municipal Bonds | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for sale Securities | 0 | 0 |
State/Municipal Bonds | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for sale Securities | 207,580 | 193,500 |
State/Municipal Bonds | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for sale Securities | 0 | 0 |
Corporate Bonds | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for sale Securities | 0 | 0 |
Corporate Bonds | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for sale Securities | 23,882 | 10,941 |
Corporate Bonds | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for sale Securities | 0 | 0 |
US Treasury Notes | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for sale Securities | 3,005 | 1,203 |
US Treasury Notes | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for sale Securities | 0 | 0 |
US Treasury Notes | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for sale Securities | 0 | 0 |
Corporate Equities | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for sale Securities | 607 | 578 |
Corporate Equities | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for sale Securities | 0 | 0 |
Corporate Equities | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for sale Securities | 0 | 0 |
Certificates of Deposit | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for sale Securities | 100 | 100 |
Certificates of Deposit | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for sale Securities | 0 | 0 |
Certificates of Deposit | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for sale Securities | 0 | 0 |
Asset Backed Securities (ABS) | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for sale Securities | 0 | 0 |
Asset Backed Securities (ABS) | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for sale Securities | 10,909 | 11,054 |
Asset Backed Securities (ABS) | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for sale Securities | 0 | 0 |
Cash Surrender Value - Life Insurance | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash Surrender Value, Fair Value Disclosure | 0 | 0 |
Cash Surrender Value - Life Insurance | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash Surrender Value, Fair Value Disclosure | 0 | 0 |
Cash Surrender Value - Life Insurance | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash Surrender Value, Fair Value Disclosure | $ 7,452 | $ 6,409 |
Fair Value Measurements - Level
Fair Value Measurements - Level 3 Roll - (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Apr. 30, 2016 | May. 02, 2015 | |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Redemptions | $ 0 | |
FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems | ||
Begining Balance | (6,187) | $ (4,272) |
Redemptions | 0 | (47) |
Additions | (836) | 0 |
Losses (Gains) Included In Earnings | (290) | (195) |
Ending Balance | (7,313) | (4,420) |
Auction Rate Securities (ARS) | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Beginning Balance | 0 | $ 0 |
Redemptions | 0 | |
Additions | 0 | |
Gains (Losses) Included in Earnings | 0 | |
Gains (Losses) Included in Other Comprehensive Income | 0 | $ 0 |
Ending Balance | 0 | 0 |
Privately Managed Funds | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Beginning Balance | 0 | 306 |
Redemptions | 0 | $ 246 |
Additions | 0 | |
Gains (Losses) Included in Earnings | 0 | $ 0 |
Gains (Losses) Included in Other Comprehensive Income | 0 | (21) |
Ending Balance | 0 | 39 |
Cash Surrender Value - Life Insurance | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Beginning Balance | 6,409 | 4,558 |
Redemptions | 0 | 0 |
Additions | 809 | 0 |
Gains (Losses) Included in Earnings | (234) | (215) |
Gains (Losses) Included in Other Comprehensive Income | 0 | 0 |
Ending Balance | $ 7,452 | $ 4,773 |