The Cato Corporation (CATO) 10-Q 27 Aug 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Aug. 01, 2020shares
Class of Stock [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Aug. 1, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Entity Registrant Name	THE CATO CORP
Entity Central Index Key	0000018255
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Current Fiscal Year End Date	--01-30
Entity Filer Category	Accelerated Filer
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Security 12b Title	Class A - Common Stock, par value $.033 per share
Trading Symbol	CATO
Security Exchange Name	NYSE
Entity File Number	1-31340
Entity Incorporation State Country Code	DE
Entity TaxIdentification Number	56-0484485
Entity Address Address Line 1	8100 Denmark Road
Entity Address City Or Town	Charlotte
Entity Address State Or Province	NC
Entity Address Postal Zip Code	28273-5975
City Area Code	(704)
Local Phone Number	554-8510
Document Quarterly Report	true
Document Transition Report	false
Common Class A [Member]
Class of Stock [Line Items]
Entity Common Stock Shares Outstanding	22,194,233
Common Class B [Member]
Class of Stock [Line Items]
Entity Common Stock Shares Outstanding	1,763,652

Condensed Consolidated Income S

Condensed Consolidated Income Statements Of Income and Comprehensive Income - USD ($)	3 Months Ended		6 Months Ended
	Aug. 01, 2020	Aug. 03, 2019	Aug. 01, 2020	Aug. 03, 2019
Revenues
Retail sales	$ 166,265,000	$ 210,357,000	$ 265,078,000	$ 438,423,000
Other Revenue (principally finance charges, late fees and layaway charges)	1,905,000	2,224,000	3,824,000	4,510,000
Total revenues	168,170,000	212,581,000	268,902,000	442,933,000
COSTS AND EXPENSES, NET
Cost of goods sold (exclusive of depreciation shown below)	132,736,000	130,372,000	216,333,000	266,455,000
Selling, general and administrative (exclusive of depreciation shown below)	43,957,000	66,066,000	96,468,000	132,056,000
Depreciation	3,488,000	3,836,000	7,494,000	7,679,000
Interest and other income	961,000	1,693,000	2,812,000	2,829,000
Cost and expenses, net	179,220,000	198,581,000	317,483,000	403,361,000
Income before income taxes	(11,050,000)	14,000,000	(48,581,000)	39,572,000
Income tax expense	(3,880,000)	2,134,000	(12,994,000)	6,450,000
Net income	$ (7,170,000)	$ 11,866,000	$ (35,587,000)	$ 33,122,000
Basic earnings per share	$ (0.30)	$ 0.48	$ (1.48)	$ 1.34
Diluted earnings per share	(0.30)	0.48	$ (1.48)	$ 1.34
Dividends per share	$ 0	$ 0.33
Comprehensive income
Net income	$ (7,170,000)	$ 11,866,000	$ (35,587,000)	$ 33,122,000
Unrealized gain on available-for-sale securities, net of deferred income taxes	484,000	859,000	186,000	1,271,000
Comprehensive Income	$ (6,686,000)	$ 12,725,000	$ (35,401,000)	$ 34,393,000

Condensed Consolidated Income_2

Condensed Consolidated Income Statements Of Income and Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Aug. 01, 2020	May 02, 2020	Aug. 03, 2019	May 04, 2019	Aug. 01, 2020	Aug. 03, 2019
OtherComprehensiveIncomeLossTaxParentheticalDisclosuresAbstract
Tax Effect of Unrealized Gains (Losses) On Available-For-Sale Securities	$ 146	$ (90)	$ 262	$ 126	$ 56	$ 388

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Aug. 01, 2020	Feb. 01, 2020
Current Assets:
Cash and cash equivalents	$ 36,565,000	$ 11,824,000
Short-term investments	100,391,000	200,387,000
Restricted Cash	3,001,000	2,577,000
Restricted Short term Investments	916,000	1,319,000
Accounts receivable, net of allowance for doubtful accounts	39,037,000	26,088,000
Merchandise inventories	88,280,000	115,365,000
Prepaid expenses	12,460,000	5,237,000
Total Current Assets	280,650,000	362,797,000
Property and equipment - net	84,938,000	88,667,000
DeferredTaxAssetsNetNoncurrent	5,911,000	8,636,000
Other assets	23,142,000	24,073,000
Right-of-Use assets - net	201,776,000	200,803,000
Total Assets	596,417,000	684,976,000
Current Liabilities:
Accounts payable	53,963,000	68,438,000
Accrued expenses	40,686,000	47,099,000
Accrued benefits	264,000	18,913,000
Accrued income taxes	1,236,000	1,703,000
Current lease liability	57,878,000	63,149,000
Total Current Liabilities	154,027,000	199,302,000
Other noncurrent liabilities (primarily deferred rent)	23,663,000	21,976,000
Lease liability	152,508,000	147,184,000
Stockholders' Equity:
Preferred stock, $100 par value per share, 100,000 shares authorized, none issued	0	0
Class of Stock [Line Items]
Common stock	807,000	820,000
Additional paid-in capital	112,949,000	110,813,000
Retained earnings	150,854,000	203,458,000
Accumulated other comprehensive income	1,609,000	1,423,000
Total Stockholders' Equity	266,219,000	316,514,000
Liabilities And Stockholders Equity	596,417,000	684,976,000
Common Class A [Member]
Class of Stock [Line Items]
Common stock	748,000	761,000
Common Class B [Member]
Class of Stock [Line Items]
Common stock	$ 59,000	$ 59,000

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($)	Aug. 01, 2020	Feb. 01, 2020
Class of Stock [Line Items]
Allowance For Doubtful Accounts Receivable Current	$ 590,000	$ 726,000
Preferred Stock Par Or Stated Value Per Share	$ 100
Preferred Stock Shares Authorized	100,000
Common Class B [Member]
Class of Stock [Line Items]
Common Stock Shares Authorized	15,000,000
Common Stock Shares Issued	1,763,652	1,763,652
Common Stock Par Or Stated Value Per Share	$ 0.033
Common Class A [Member]
Class of Stock [Line Items]
Common Stock Shares Authorized	50,000,000
Common Stock Shares Issued	22,194,233	22,535,779
Common Stock Par Or Stated Value Per Share	$ 0.033

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Aug. 01, 2020	Aug. 03, 2019
OPERATING ACTIVITIES
Net income	$ (35,587,000)	$ 33,122,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	7,494,000	7,679,000
Provision For Doubtful Accounts	109,000	366,000
Purchase premium and premium amortization	161,000	(168,000)
Share Based Compensation	1,903,000	2,196,000
Deferred income taxes	2,669,000	0
Loss on disposal of property and equipment	162,000	344,000
Impairment of Leasehold	5,270,000	0
Changes in operating assets and liabilities which provided (used) cash:
Accounts receivable	(13,058,000)	292,000
Merchandise inventories	27,085,000	19,633,000
Prepaid and other assets	(7,291,000)	22,909,000
Operating lease right-of-use asstes and liabilities	(920,000)	0
Accrued income taxes	(467,000)	1,332,000
Accounts payable, accrued expenses and other liabilities	(35,759,000)	(42,524,000)
Net cash provided by operating activities	(48,229,000)	45,181,000
INVESTING ACTIVITIES
Capital expenditures	(9,801,000)	(2,217,000)
Purchase of short-term investments	(8,275,000)	(106,518,000)
Sales of short-term investments	108,886,000	85,364,000
Payments to Acquire Projects	0	(74,000)
Proceeds from Sale of Investment Projects	(199,000)	(9,000)
Net cash used in investing activities	91,009,000	(23,436,000)
FINANCING ACTIVITIES
Dividends paid	(7,990,000)	(16,291,000)
Repurchase of common stock	(9,875,000)	(2,834,000)
Proceeds from lines of credit	34,000,000	0
Payments to lines of credit	34,000,000	0
Proceeds from employee stock purchase plan	250,000	319,000
Net cash provided used in financing activities	(17,615,000)	(18,806,000)
Net increase in cash and cash equivalents	25,165,000	2,939,000
Cash, Cash Equivalents and Restricted Cash at Beginning of Period	14,401,000	25,209,000
Cash, Cash Equivalents and Restricted Cash at End of Period	39,566,000	28,148,000
Change in Accrued PPE	$ 1,556,000	$ 1,395,000

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity - USD ($)	Total	Class A Common Stock	Convertible Class B Common Stock	Common Stock Including Additional Paid in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Balance at Feb. 02, 2019	$ 316,836,000	$ 767,000	$ 59,000	$ 105,580,000	$ 210,507,000	$ (77,000)
Net income	21,256,000	0	0	0	21,256,000	0
Accumulated Other Comprehensive Income	(412,000)	0	0	0	0	(412,000)
Dividends	(8,118,000)	0	0	0	(8,118,000)	0
Class A common stock sold through employee stock purchase plan	308,000	1,000	0	307,000	0	0
Class A common stock sold through stock option plans	0	0	0	0	0	0
Class A common stock issued through restricted stock grant plans	645,000	11,000	0	624,000	10,000	0
Retirement of treasury sharess	(2,834,000)	(7,000)	0	0	(2,827,000)	0
Balance at May. 04, 2019	328,505,000	772,000	59,000	106,511,000	220,828,000	335,000
Balance at Feb. 02, 2019	316,836,000	767,000	59,000	105,580,000	210,507,000	(77,000)
Net income	33,122,000
Accumulated Other Comprehensive Income	(1,271,000)
Balance at Aug. 03, 2019	334,618,000	772,000	59,000	108,057,000	224,536,000	1,194,000
Balance at May. 04, 2019	328,505,000	772,000	59,000	106,511,000	220,828,000	335,000
Net income	11,866,000	0	0	0	11,866,000	0
Accumulated Other Comprehensive Income	(859,000)	0	0	0	0	(859,000)
Dividends	(8,173,000)	0	0	0	(8,173,000)	0
Class A common stock sold through employee stock purchase plan	67,000	0	0	67,000	0	0
Class A common stock sold through stock option plans	0	0	0	0	0	0
Class A common stock issued through restricted stock grant plans	1,494,000	0	0	1,479,000	15,000	0
Retirement of treasury sharess	0	0	0	0	0	0
Balance at Aug. 03, 2019	334,618,000	772,000	59,000	108,057,000	224,536,000	1,194,000
Balance at Feb. 01, 2020	316,514,000	761,000	59,000	110,813,000	203,458,000	1,423,000
Net income	(28,417,000)	0	0	0	(28,417,000)	0
Accumulated Other Comprehensive Income	298,000	0	0	0	0	298,000
Dividends	(7,990,000)	0	0	0	(7,990,000)	0
Class A common stock sold through employee stock purchase plan	294,000	1,000	0	293,000	0	0
Class A common stock sold through stock option plans	0	0	0	0	0	0
Class A common stock issued through restricted stock grant plans	605,000	10,000	0	587,000	8,000	0
Retirement of treasury sharess	(9,056,000)	(22,000)	0	0	(9,034,000)	0
Balance at May. 02, 2020	271,652,000	750,000	59,000	111,693,000	158,025,000	1,125,000
Balance at Feb. 01, 2020	316,514,000	761,000	59,000	110,813,000	203,458,000	1,423,000
Net income	(35,587,000)
Accumulated Other Comprehensive Income	(186,000)
Balance at Aug. 01, 2020	266,219,000	748,000	59,000	112,949,000	150,854,000	1,609,000
Balance at May. 02, 2020	271,652,000	750,000	59,000	111,693,000	158,025,000	1,125,000
Net income	(7,170,000)	0	0	0	(7,170,000)	0
Accumulated Other Comprehensive Income	(484,000)	0	0	0	0	(484,000)
Dividends	0	0	0	0	0	0
Class A common stock sold through employee stock purchase plan	0	0	0	0	0	0
Class A common stock sold through stock option plans	0	0	0	0	0	0
Class A common stock issued through restricted stock grant plans	1,253,000	(2,000)	0	1,256,000	(1,000)	0
Retirement of treasury sharess	0	0	0	0	0	0
Balance at Aug. 01, 2020	$ 266,219,000	$ 748,000	$ 59,000	$ 112,949,000	$ 150,854,000	$ 1,609,000

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Parentheticals) - USD ($) $ in Thousands	3 Months Ended
	Aug. 01, 2020	May 02, 2020	Aug. 03, 2019	May 04, 2019
us-gaap_StatementOfStockholdersEquityAbstract
Tax Effect of Unrealized Gains (Losses) On Available-For-Sale Securities	$ 146	$ (90)	$ 262	$ 126
Stock Transactions, Parenthetical Disclosures [Abstract]
Dividends per share	$ 0	$ 0.33	$ 0.33	$ 0.33
Class A common stock shares sold through employee stock purchase plans	0	26,957	5,402	20,676
Exercised	0	0	0	0
Class A common stock shares issued through restricted stock grant plans	(57,805)	307,354	(9,170)	355,609
Retirement of treasury shares - retired shares	0	618,056	0	208,041

General - Notes to Financial St

General - Notes to Financial Statements	6 Months Ended
	Aug. 01, 2020
General Dsiclosure [Abstract]
Summary of Significant Account Policies	NOTE 1 - GENERAL : The condensed consolidated financial statements have been prepared from the accounting records of The Cato Corporation and its wholly-owned subsidiaries (the “Company”), and all amounts shown as of and for the periods ended August 1, 2020 and August 3, 2019 are unaudited. In the opinion of management, all adjustments considered necessary for a fair presentation of the financial statements have been 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 conjunction with the consolidated financial statements and notes thereto, included in the Company’s Annual Report on Form 10-K for the fiscal year ended February 1, 2020. Amounts as of February 1, 2020 have been derived from the audited balance sheet, but do not include all disclosures required by accounting principles generally accepted in the United States of America. Subsequent to August 1, 2020, the Company repurchased 72,400 shares for $ 509,141. On August 27, 2020, the Board of Directors authorized an increase in the Company’s share repurchase program of 1 million shares. Prior to this authorization, the Company had approximately 656,000 shares remaining in open authorizations inclusive of the activity subsequent to August 1, 2020. COVID-19 Update The spread of COVID-19 has resulted in state and local orders mandating store closures and other measures to mitigate the spread of the virus. Responses by customers, government and the private sector have and will likely continue to adversely impact our business operations for the remainder of fiscal 2020 and possibly beyond. The extent to which the COVID-19 pandemic ultimately impacts the Company’s business, financial condition, results of operations, cash flows, and liquidity may differ from management’s current estimates due to inherent uncertainties regarding the duration and further spread of the outbreak, its severity, actions taken to contain the virus or treat its impact, and how quickly and to what extent normal economic and operating conditions can resume. Beginning March 19, 2020, the Company temporarily closed all Cato, Its Fashion, Its Fashion Metro and Versona stores. In addition, the Company suspended its quarterly dividend, significantly reduced capital expenditures and reduced its SG&A expense through the reduction of non-payroll expenses, as well as furloughed associates and in certain instances eliminated positions primarily at its corporate office. Beginning on May 1, 2020, the Company began to re-open stores based on the pertinent state and local orders. As of June 15, 2020, all stores have re-opened. There is significant uncertainty around the duration, breadth and severity of continued business disruptions related to COVID-19, as well as its impact on the U.S. economy, consumer willingness to visit malls and shopping centers, and associate staffing for our stores. At this time, the possible effects of national, state or local action, legislation, guidelines or programs that attempt to mitigate the spread of COVID-19 or address its economic effects on our customers, suppliers or the Company are also uncertain. While the Company currently anticipates that our results for the remainder of fiscal 2020 will be adversely impacted, the extent to which COVID-19 impacts the Company’s results will depend on future developments, which are highly uncertain, including possible new information and understanding about the severity of COVID-19, related potential economic impacts to customers and suppliers, and the effect of actions taken to contain it or mitigate its impact. Accounting Policies - Impairment of Long-Lived Assets: The Company invests in leaseholds, right-of use assets and equipment primarily in connection with the opening and remodeling of stores and in computer software and hardware. The Company periodically reviews its store locations and estimates the recoverability of its long-lived assets, which primarily relate to Fixtures and equipment, Leasehold improvements, Right-of-use assets net of Lease liabilities and Information technology equipment and software. An impairment charge is recorded for the amount by which the carrying value exceeds the estimated fair value when the Company determines that projected cash flows associated with those long-lived assets will not be sufficient to recover the carrying value. This determination is based on a number of factors, including the store’s projected cash flows, which include future sales growth projections. The Company assesses the fair value of each lease by considering market rents and any lease terms that may adjust market rents under certain conditions, such as the loss of an anchor tenant or a leased space in a shopping center not meeting certain criteria. Further, in determining when to close a store, the Company considers real estate development in the area and perceived local market conditions, which can be difficult to predict and may be subject to change. As a result of store closures during the first quarter of 2020, the Company determined a triggering event occurred, which resulted in an impairment analysis being performed. An asset impairment charge of $ 5.3 million was recorded in the first quarter of 2020. No additional impairment was required in the second quarter of 2020. Recently Adopted Accounting Policies In June 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , which requires companies to measure and recognize expected credit losses for financial assets held at amortized costs based on expected losses rather than incurred losses. The new accounting rules were effective for the Company in the first quarter of 2020 and had a minimal impact on the financial statements.

Earnings Per Share - Notes to F

Earnings Per Share - Notes to Financial Statements	6 Months Ended
	Aug. 01, 2020
Earnings Per Share Disclosure [Abstract]
Earnings Per Share	NOTE 2 - EARNINGS PER SHARE: Accounting Standard Codification (“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 Comprehensive 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 dividends 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. Diluted EPS reflects the potential dilution that could occur from common shares issuable through stock options and the Employee Stock Purchase Plan. Three Months Ended Six Months Ended August 1, 2020 August 3, 2019 August 1, 2020 August 3, 2019 (Dollars in thousands) Numerator Net earnings (loss) $ ( 7,170) $ 11,866 $ ( 35,587) $ 33,122 (Earnings)/loss allocated to non-vested equity awards 320 ( 451) 1,531 ( 1,148) Net earnings (loss) available to common stockholders $ ( 6,850) $ 11,415 $ ( 34,056) $ 31,974 Denominator Basic weighted average common shares outstanding 22,908,942 23,789,070 22,934,410 23,772,883 Diluted weighted average common shares outstanding 22,908,942 23,789,070 22,934,410 23,772,883 Net income (loss) per common share Basic earnings (loss) per share $ ( 0.30) $ 0.48 $ ( 1.48) $ 1.34 Diluted earnings (loss) per share $ ( 0.30) $ 0.48 $ ( 1.48) $ 1.34

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	6 Months Ended
	Aug. 01, 2020
AccumulatedOtherComprehensiveIncomeLossDisclosure[Abstract]
Accumulated Other Comprehensive Income (Loss)	NOTE 3 – ACCUMULATED OTHER COMPREHENSIVE INCOME: The following table sets forth information regarding the reclassification out of Accumulated other comprehensive income (in thousands) for the three months ended August 1, 2020: Changes in Accumulated Other Comprehensive Income (a) Unrealized Gains and (Losses) on Available-for-Sale Securities Beginning Balance at May 2, 2020 $ 1,125 Other comprehensive income before reclassification 420 Amounts reclassified from accumulated other comprehensive income (b) 64 Net current-period other comprehensive income 484 Ending Balance at August 1, 2020 $ 1,609 (a) All amounts are net-of-tax. Amounts in parentheses indicate a debit/reduction to other comprehensive income. (b) Includes $ 83 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 $ 19. The following table sets forth information regarding the reclassification out of Accumulated other comprehensive income (in thousands) for the six months ended August 1, 2020: Changes in Accumulated Other Comprehensive Income (a) Unrealized Gains and (Losses) on Available-for-Sale Securities Beginning Balance at February 1, 2020 $ 1,423 Other comprehensive income before reclassification ( 381) Amounts reclassified from accumulated other comprehensive income (b) 567 Net current-period other comprehensive income 186 Ending Balance at August 1, 2020 $ 1,609 (a) All amounts are net-of-tax. Amounts in parentheses indicate a debit/reduction to other comprehensive income. (b) Includes $ 738 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 $ 171. NOTE 3 – ACCUMULATED OTHER COMPREHENSIVE INCOME (CONTINUED): The following table sets forth information regarding the reclassification out of Accumulated other comprehensive income (in thousands) for the three months ended August 3, 2019: Changes in Accumulated Other Comprehensive Income (a) Unrealized Gains and (Losses) on Available-for-Sale Securities Beginning Balance at May 4, 2019 $ 335 Other comprehensive income before reclassifications 829 Amounts reclassified from accumulated other comprehensive income (b) 30 Net current-period other comprehensive income 859 Ending Balance at August 3, 2019 $ 1,194 (a) All amounts are net-of-tax. Amounts in parentheses indicate a debit/reduction to other comprehensive income. (b) Includes $ 39 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 $ 9. The following table sets forth information regarding the reclassification out of Accumulated other comprehensive income (in thousands) for the six months ended August 3, 2019: Changes in Accumulated Other Comprehensive Income (a) Unrealized Gains and (Losses) on Available-for-Sale Securities Beginning Balance at February 2, 2019 $ ( 77) Other comprehensive income before reclassifications 1,232 Amounts reclassified from accumulated other comprehensive income (b) 39 Net current-period other comprehensive income 1,271 Ending Balance at August 3, 2019 $ 1,194 (a) All amounts are net-of-tax. Amounts in parentheses indicate a debit/reduction to other comprehensive income. (b) Includes $ 51 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 $ 12.

Financing Arrangements - Notes

Financing Arrangements - Notes to Financial Statements	6 Months Ended
	Aug. 01, 2020
Financing Arrangements [Abstract]
Financing Arrangements	NOTE 4 – FINANCING ARRANGEMENTS: As of August 1, 2020, 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. On June 2, 2020, the Company signed an amendment extending the revolving credit agreement through May 2023. 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 August 1, 2020. There were no borrowings outstanding under this credit facility as of August 1, 2020 or February 1, 2020. The weighted average interest rate under the credit facility was zero at August 1, 2020 due to no borrowings outstanding. At August 1, 2020 and February 1, 2020, the Company had no outstanding revocable letters of credit relating to purchase commitments.

Reportable Segment Information

Reportable Segment Information - Notes to Financial Statements	6 Months Ended
	Aug. 01, 2020
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 states 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 to have similar economic characteristics, products, production processes, clients and 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 product, 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 Company’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 fashion specialty retail stores in 31 states as of August 1, 2020, 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 performed by a separate subsidiary of the Company. NOTE 5 – REPORTABLE SEGMENT INFORMATION (CONTINUED): The following schedule summarizes certain segment information (in thousands): Three Months Ended Six Months Ended August 1, 2020 Retail Credit Total August 1, 2020 Retail Credit Total Revenues $ 167,523 $ 647 $ 168,170 Revenues $ 267,413 $ 1,489 $ 268,902 Depreciation 3,488 - 3,488 Depreciation 7,494 - 7,494 Interest and other income ( 961) - ( 961) Interest and other income ( 2,812) - ( 2,812) Income/(Loss) before income taxes ( 11,368) 318 ( 11,050) Income/(Loss) before income taxes ( 49,291) 710 ( 48,581) Capital expenditures 4,490 - 4,490 Capital expenditures 9,801 - 9,801 Three Months Ended Six Months Ended August 3, 2019 Retail Credit Total August 3, 2019 Retail Credit Total Revenues $ 211,672 $ 909 $ 212,581 Revenues $ 441,114 $ 1,819 $ 442,933 Depreciation 3,836 - 3,836 Depreciation 7,679 - 7,679 Interest and other income ( 1,693) - ( 1,693) Interest and other income ( 2,829) - ( 2,829) Income/(Loss) before income taxes 13,501 499 14,000 Income/(Loss) before income taxes 38,680 892 39,572 Capital expenditures 1,222 - 1,222 Capital expenditures 2,217 - 2,217 Retail Credit Total Total assets as of August 1, 2020 $ 549,817 $ 46,600 $ 596,417 Total assets as of February 1, 2020 636,503 48,473 684,976 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 Six Months Ended August 1, 2020 August 3, 2019 August 1, 2020 August 3, 2019 Payroll $ 130 $ 164 $ 282 $ 314 Postage 82 117 193 241 Other expenses 118 129 305 372 Total expenses $ 330 $ 410 $ 780 $ 927

Stock Based Compensation - Note

Stock Based Compensation - Notes to Financial Statements	6 Months Ended
	Aug. 01, 2020
Disclosure Of Compensation Related Costs Sharebased Payments Abstract
Stock Based Compensation	NOTE 6 – STOCK-BASED COMPENSATION: As of August 1, 2020, the Company had two long-term compensation plans pursuant to which stock-based compensation was outstanding or could be granted. The 2018 Incentive Compensation Plan and 2013 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 24, 2018, shares for grant were no longer available under the 2013 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 August 1, 2020: 2013 2018 Plan Plan Total Options and/or restricted stock initially authorized 1,500,000 4,725,000 6,225,000 Options and/or restricted stock available for grant: August 1, 2020 - 3,943,118 3,943,118 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 August 1, 2020 and February 1, 2020, there was $ 13,007,000 and $ 11,900,000, respectively, of total unrecognized compensation expense related to nonvested restricted stock awards, which had a remaining weighted-average vesting period of 2.6 years and 2.2 years, respectively. The total compensation expense during the three and six months ended August 1, 2020 was $ 1,253,000 and $ 1,859,000, respectively, compared to $ 1,495,000 and $ 2,140,000, respectively, for the three and six months ended August 3, 2019. These expenses are classified as a component of Selling, general and administrative expenses in the Condensed Consolidated Statements of Income and Comprehensive Income. The following summary shows the changes in the shares of unvested restricted stock outstanding during the six months ended August 1, 2020: Weighted Average Number of Grant Date Fair Shares Value Per Share Restricted stock awards at February 1, 2020 942,562 $ 19.55 Granted 335,317 11.11 Vested ( 129,682) 34.01 Forfeited or expired ( 105,886) 16.63 Restricted stock awards at August 1, 2020 1,042,311 $ 15.33 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 six months ended August 1, 2020 and August 3, 2019, the Company sold 26,957 and 26,078 shares to employees at an average discount of $ 1.64 and $ 2.16 per share, respectively, under the Employee Stock Purchase Plan. The compensation expense recognized for the 15% discount given under the Employee Stock Purchase Plan was approximately $ 44,000 and $ 56,000 for the six months ended August 1, 2020 and August 3, 2019, respectively. These expenses are classified as a component of Selling, general and administrative expenses.

Fair Value Measurements - Notes

Fair Value Measurements - Notes to Financial Statements	6 Months Ended
	Aug. 01, 2020
Fair Value Measurements [Abstract]
Fair Value Disclosures Text Block	NOTE 7 – FAIR VALUE MEASUREMENTS: The following tables set forth information regarding the Company’s financial assets and liabilities that are measured at fair value (in thousands) as of August 1, 2020 and February 1, 2020: Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable August 1, 2020 Assets Inputs Inputs Description Level 1 Level 2 Level 3 Assets: State/Municipal Bonds $ 22,924 $ - $ 22,924 $ - Corporate Bonds 52,361 - 52,361 - U.S. Treasury/Agencies Notes and Bonds 5,547 - 5,547 - Cash Surrender Value of Life Insurance 10,456 - - 10,456 Asset-backed Securities (ABS) 20,373 - 20,373 - Corporate Equities 601 601 - - Certificates of Deposit 100 100 - - Total Assets $ 112,362 $ 701 $ 101,205 $ 10,456 Liabilities: Deferred Compensation ( 10,399) - - ( 10,399) Total Liabilities $ ( 10,399) $ - $ - $ ( 10,399) Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable February 1, 2020 Assets Inputs Inputs Description Level 1 Level 2 Level 3 Assets: State/Municipal Bonds $ 36,014 $ - $ 36,014 $ - Corporate Bonds 90,798 - 90,798 - U.S. Treasury/Agencies Notes and Bonds 37,410 - 37,410 - Cash Surrender Value of Life Insurance 10,517 - - 10,517 Asset-backed Securities (ABS) 37,384 - 37,384 - Corporate Equities 732 732 - - Certificates of Deposit 100 100 - - Total Assets $ 212,955 $ 832 $ 201,606 $ 10,517 Liabilities: Deferred Compensation ( 10,391) - - ( 10,391) Total Liabilities $ ( 10,391) $ - $ - $ ( 10,391) 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 August 1, 2020 and February 1, 2020. The state, municipal and corporate bonds have contractual maturities which range from six days to 7 years. The U.S. Treasury Notes and Certificates of Deposit have contractual maturities which range from one month to 2 years. These securities are classified as available-for-sale and are recorded as Short-term investments, Restricted cash and Restricted short-term investments on the accompanying 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. The asset-backed securities are bonds comprised of auto loans and bank credit cards that carry AAA ratings. The auto loan asset-backed securities are backed by static pools of auto loans that were originated and serviced by captive auto finance units, banks or finance companies. The bank credit card asset-backed securities are backed by revolving pools of credit card receivables generated by account holders of cards from American Express, Citibank, JPMorgan Chase, Capital One and Discover. Additionally, at August 1, 2020, the Company had $ 0.6 million of corporate equities and deferred compensation plan assets of $ 10.5 million. At February 1, 2020, the Company had $ 0.7 million of corporate equities and deferred compensation plan assets of $ 10.5 million. All of these assets are recorded within Other assets in the Condensed Consolidated Balance Sheets. Level 1 category securities are measured at fair value using quoted active market prices. Level 2 investment securities include corporate bonds, municipal bonds and asset-backed securities for which quoted prices may not be available on active exchanges for identical 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 Level 3 of the valuation hierarchy. The Level 3 liability associated with the life insurance policies represents a deferred compensation obligation, the value of which is tracked via underlying insurance funds’ net asset values, as recorded in Other noncurrent liabilities in the Condensed Consolidated Balance Sheet. These funds are designed to mirror mutual funds and money market funds that are observable and actively traded. The following tables summarize the change in fair value of the Company’s financial assets and liabilities measured using Level 3 inputs as of August 1, 2020 and February 1, 2020 (in thousands): Fair Value Measurements Using Significant Unobservable Asset Inputs (Level 3) Cash Surrender Value Beginning Balance at February 1, 2020 $ 10,517 Additions - Total gains or (losses) Included in interest and other income (or changes in net assets) ( 61) Included in other comprehensive income - Ending Balance at August 1, 2020 $ 10,456 Fair Value Measurements Using Significant Unobservable Liability Inputs (Level 3) Deferred Compensation Beginning Balance at February 1, 2020 $ ( 10,391) Additions 46 Total (gains) or losses Included in interest and other income (or changes in net assets) ( 54) Included in other comprehensive income - Ending Balance at August 1, 2020 $ ( 10,399) Fair Value Measurements Using Significant Unobservable Asset Inputs (Level 3) Cash Surrender Value Beginning Balance at February 2, 2019 $ 9,093 Additions 748 Total gains or (losses) Included in interest and other income (or changes in net assets) 676 Included in other comprehensive income - Ending Balance at February 1, 2020 $ 10,517 Fair Value Measurements Using Significant Unobservable Liability Inputs (Level 3) Deferred Compensation Beginning Balance at February 2, 2019 $ ( 8,908) Additions ( 554) Total (gains) or losses Included in interest and other income (or changes in net assets) ( 929) Included in other comprehensive income - Ending Balance at February 1, 2020 $ ( 10,391)

Recent Accounting Pronouncement

Recent Accounting Pronouncements - Notes to Financial Statements	6 Months Ended
	Aug. 01, 2020
Recent Accounting Pronouncements [Abstract]
Recent Accounting Pronouncements	In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes . The new accounting rules reduce complexity by removing specific exceptions to general principles related to intraperiod tax allocations, ownership changes in foreign investments, and interim period income tax accounting for year-to-date losses that exceed anticipated losses. The new accounting rules also simplify accounting for franchise taxes that are partially based on income, transactions with a government that result in a step up in the tax basis of goodwill, separate financial statements of legal entities that are not subject to tax, and enacted changes in tax laws in interim periods. The new accounting rules will be effective for the Company in the first quarter of 2021. The Company is currently in the process of evaluating the impact of adoption of the new accounting rules on the Company’s financial position, results of operations, cash flows and disclosures.

Income Tax - Notes to the Finan

Income Tax - Notes to the Financial Statements	6 Months Ended
	Aug. 01, 2020
IncomeTaxDisclosureAbstract
Income Tax Disclosure [Text Block]	The Company had an effective tax rate for the first six months of 2020 of 26.7% (Benefit) compared to 16.3% (Expense) for the first six months of 2019. The increase in the effective tax rate for the first six months was primarily due to the federal net operating loss carryback provisions of the Coronavirus Aid, Relief and Economic Security Act (CARES Act), offset by valuation allowances against state income net operating losses, and an upward adjustment in the reserves for uncertain tax positions specific to state income taxes in the first quarter of 2020. The Company assessed the likelihood that deferred tax assets related to state net operating loss carryforwards will be realized in light of the adverse impact on the Company's financial statements and operations due to COVID-19. Based on this assessment, the Company concluded that it is more likely than not that the Company will not be able to realize the state net operating losses and, accordingly, has recorded a valuation allowance against the existing deferred tax assets. The estimated annual effective tax rate for the current fiscal year is impacted by the ability to carryback federal net operating losses due to the CARES Act, partially offset by changes in management’s judgment regarding the ability to realize deferred tax assets, primarily state income net operating losses generated in the current fiscal year. The Company has factored the realizability of these deferred tax assets generated as a result of projected current year losses into its estimated annual effective rate for the current year. To the extent that actual results and/or events differ from the predicted results, the Company may continue to see effects on the estimated annual effective tax rate.

Income Taxes

Income Taxes	6 Months Ended
	Aug. 01, 2020
IncomeTaxDisclosureAbstract
Income Taxes	The Company had an effective tax rate for the first six months of 2020 of 26.7% (Benefit) compared to 16.3% (Expense) for the first six months of 2019. The increase in the effective tax rate for the first six months was primarily due to the federal net operating loss carryback provisions of the Coronavirus Aid, Relief and Economic Security Act (CARES Act), offset by valuation allowances against state income net operating losses, and an upward adjustment in the reserves for uncertain tax positions specific to state income taxes in the first quarter of 2020. The Company assessed the likelihood that deferred tax assets related to state net operating loss carryforwards will be realized in light of the adverse impact on the Company's financial statements and operations due to COVID-19. Based on this assessment, the Company concluded that it is more likely than not that the Company will not be able to realize the state net operating losses and, accordingly, has recorded a valuation allowance against the existing deferred tax assets. The estimated annual effective tax rate for the current fiscal year is impacted by the ability to carryback federal net operating losses due to the CARES Act, partially offset by changes in management’s judgment regarding the ability to realize deferred tax assets, primarily state income net operating losses generated in the current fiscal year. The Company has factored the realizability of these deferred tax assets generated as a result of projected current year losses into its estimated annual effective rate for the current year. To the extent that actual results and/or events differ from the predicted results, the Company may continue to see effects on the estimated annual effective tax rate.

Commitments and Contingencies -

Commitments and Contingencies - Notes to the Financial Statements	6 Months Ended
	Aug. 01, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	The Company is, from time to time, involved in routine litigation incidental to the conduct of its business, including litigation regarding the merchandise that it sells, litigation regarding intellectual property, litigation instituted by persons injured upon premises under its control, litigation with respect to various employment matters, including alleged discrimination and wage and hour litigation, and litigation with present or former employees. Although such litigation is routine and incidental to the conduct of the Company’s business, as with any business of its size with a significant number of employees and significant merchandise sales, such litigation could result in large monetary awards. Based on information currently available, management does not believe that any reasonably possible losses arising from current pending litigation will have a material adverse effect on the Company’s condensed consolidated financial statements. However, given the inherent uncertainties involved in such matters, an adverse outcome in one or more such matters could materially and adversely affect the Company’s financial condition, results of operations and cash flows in any particular reporting period. The Company accrues for these matters when the liability is deemed probable and reasonably estimable.

Revenue Recognition Footnote

Revenue Recognition Footnote	6 Months Ended
	Aug. 01, 2020
RevenueRecognitionAndDeferredRevenueAbstract
Rvenue Recognition	NOTE 11 – REVENUE RECOGNITION: The Company recognizes sales at the point of purchase when the customer takes possession of the merchandise and pays for the purchase, generally with cash or credit. Sales from purchases made with Cato credit, gift cards and layaway sales from stores are also recorded when the customer takes possession of the merchandise. E-commerce sales are recorded when the risk of loss is transferred to the customer. Gift cards are recorded as deferred revenue until they are redeemed or forfeited. Layaway sales are recorded as deferred revenue until the customer takes possession or forfeits the merchandise. Gift cards do not have expiration dates. A provision is made for estimated merchandise returns based on sales volumes and the Company’s experience; actual returns have not varied materially from historical amounts. A provision is made for estimated write-offs associated with sales made with the Company’s proprietary credit card. Amounts related to shipping and handling billed to customers in a sales transaction are classified as Other revenue and the costs related to shipping product to customers (billed and accrued) are classified as Cost of goods sold. The Company offers its own proprietary credit card to customers. All credit activity is performed by the Company’s wholly-owned subsidiaries. None of the credit card receivables are secured. The Company estimated uncollectible amounts of $, 185000 and $, 455000 for the six months ended August 1, 2020 and August 3, 2019, respectively, on sales purchased on the Company’s proprietary credit card of $ 6.9 million and $ 13.8 million for the six months ended August 1, 2020 and August 3, 2019, respectively. The following table provides information about receivables and contract liabilities from contracts with customers (in thousands): Balance as of August 1, 2020 February 1, 2020 Proprietary Credit Card Receivables, net $ 10,763 $ 15,241 Gift Card Liability $ 6,401 $ 7,658

Leases - Notes to the Financial

Leases - Notes to the Financial Statements	6 Months Ended
	Aug. 01, 2020
Leases [Abstract]
Operating Lease Dislcosure Leasee [Text Block]	NOTE 12 – LEASES: The Company determines whether an arrangement is a lease at inception. The Company has operating leases for stores, offices and equipment. Its leases have remaining lease terms of one year to 10 years, some of which include options to extend the lease term for up to five years, and some of which include options to terminate the lease within one year. The Company considers these options in determining the lease term used to establish its right-of-use assets and lease liabilities. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. As most of the Company’s leases do not provide an implicit rate, the Company uses its estimated incremental borrowing rate based on the information available at commencement date of the lease in determining the present value of lease payments. The components of lease cost are shown below (in thousands): Three Months Ended August 1, 2020 August 3, 2019 Operating lease cost (a) $ 17,082 $ 16,665 Variable lease cost (b) $ 439 $ 508 ASC 840 prepaid rent expense (c) $ - $ 37 (a) Includes right-of-use asset amortization of ($1) million for the three months ended August 1, 2020 and August 3, 2019. (b) Primarily related to monthly percentage rent for stores not presented on the balance sheet. (c) Related to ASC 840 rent expense due to prepaid rent on the balance sheet as of February 3, 2019. Six Months Ended August 1, 2020 August 3, 2019 Operating lease cost (a) $ 34,075 $ 26,397 Variable lease cost (b) $ 519 $ 1,114 ASC 840 prepaid rent expense (c) $ - $ 6,012 (a) Includes right-of-use asset amortization of ($2.7) million and ($3) million for the six months ended August 1, 2020 and August 3, 2019, respectively. (b) Primarily related to monthly percentage rent for stores not presented on the balance sheet. (c) Related to ASC 840 rent expense due to prepaid rent on the balance sheet as of February 3, 2019. Supplemental cash flow information and non-cash activity related to the Company’s operating leases are as follows (in thousands): Operating cash flow information: Three Months Ended August 1, 2020 August 3, 2019 Cash paid for amounts included in the measurement of lease liabilities $ 15,946 $ 15,327 Non-cash activity: Right-of-use assets obtained in exchange for lease obligations $ 3,287 $ 320 Six Months Ended August 1, 2020 August 3, 2019 Cash paid for amounts included in the measurement of lease liabilities $ 31,445 $ 25,418 Non-cash activity: Right-of-use assets obtained in exchange for lease obligations $ 31,484 $ 602 Weighted-average remaining lease term and discount rate for the Company’s operating leases are as follows: As of August 1, 2020 August 3, 2019 Weighted-average remaining lease term 2.9 years 2.6 years Weighted-average discount rate 4.29% 4.65% Maturities of lease liabilities by fiscal year for the Company’s operating leases are as follows (in thousands): Fiscal Year 2020 (a) $ 31,069 2021 59,114 2022 43,325 2023 31,978 2024 20,611 Thereafter 49,366 Total lease payments 235,463 Less: Imputed interest 25,077 Present value of lease liabilities $ 210,386 (a) Excluding the 6 months ended August 1, 2020.

Earnings Per Share - (Tables)

Earnings Per Share - (Tables)	6 Months Ended
	Aug. 01, 2020
Earnings Per Share Disclosure [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Six Months Ended August 1, 2020 August 3, 2019 August 1, 2020 August 3, 2019 (Dollars in thousands) Numerator Net earnings (loss) $ ( 7,170) $ 11,866 $ ( 35,587) $ 33,122 (Earnings)/loss allocated to non-vested equity awards 320 ( 451) 1,531 ( 1,148) Net earnings (loss) available to common stockholders $ ( 6,850) $ 11,415 $ ( 34,056) $ 31,974 Denominator Basic weighted average common shares outstanding 22,908,942 23,789,070 22,934,410 23,772,883 Diluted weighted average common shares outstanding 22,908,942 23,789,070 22,934,410 23,772,883 Net income (loss) per common share Basic earnings (loss) per share $ ( 0.30) $ 0.48 $ ( 1.48) $ 1.34 Diluted earnings (loss) per share $ ( 0.30) $ 0.48 $ ( 1.48) $ 1.34

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Income (Tables)	6 Months Ended
	Aug. 01, 2020
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 May 2, 2020 $ 1,125 Other comprehensive income before reclassification 420 Amounts reclassified from accumulated other comprehensive income (b) 64 Net current-period other comprehensive income 484 Ending Balance at August 1, 2020 $ 1,609 (a) All amounts are net-of-tax. Amounts in parentheses indicate a debit/reduction to other comprehensive income. (b) Includes $ 83 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 $ 19. Changes in Accumulated Other Comprehensive Income (a) Unrealized Gains and (Losses) on Available-for-Sale Securities Beginning Balance at February 1, 2020 $ 1,423 Other comprehensive income before reclassification ( 381) Amounts reclassified from accumulated other comprehensive income (b) 567 Net current-period other comprehensive income 186 Ending Balance at August 1, 2020 $ 1,609 (a) All amounts are net-of-tax. Amounts in parentheses indicate a debit/reduction to other comprehensive income. (b) Includes $ 738 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 $ 171. Changes in Accumulated Other Comprehensive Income (a) Unrealized Gains and (Losses) on Available-for-Sale Securities Beginning Balance at May 4, 2019 $ 335 Other comprehensive income before reclassifications 829 Amounts reclassified from accumulated other comprehensive income (b) 30 Net current-period other comprehensive income 859 Ending Balance at August 3, 2019 $ 1,194 (a) All amounts are net-of-tax. Amounts in parentheses indicate a debit/reduction to other comprehensive income. (b) Includes $ 39 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 $ 9. Changes in Accumulated Other Comprehensive Income (a) Unrealized Gains and (Losses) on Available-for-Sale Securities Beginning Balance at February 2, 2019 $ ( 77) Other comprehensive income before reclassifications 1,232 Amounts reclassified from accumulated other comprehensive income (b) 39 Net current-period other comprehensive income 1,271 Ending Balance at August 3, 2019 $ 1,194 (a) All amounts are net-of-tax. Amounts in parentheses indicate a debit/reduction to other comprehensive income. (b) Includes $ 51 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 $ 12.

Reportable Segment Informatio_2

Reportable Segment Information - (Tables)	6 Months Ended
	Aug. 01, 2020
Reportable Segment Information [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended Six Months Ended August 1, 2020 Retail Credit Total August 1, 2020 Retail Credit Total Revenues $ 167,523 $ 647 $ 168,170 Revenues $ 267,413 $ 1,489 $ 268,902 Depreciation 3,488 - 3,488 Depreciation 7,494 - 7,494 Interest and other income ( 961) - ( 961) Interest and other income ( 2,812) - ( 2,812) Income/(Loss) before income taxes ( 11,368) 318 ( 11,050) Income/(Loss) before income taxes ( 49,291) 710 ( 48,581) Capital expenditures 4,490 - 4,490 Capital expenditures 9,801 - 9,801 Three Months Ended Six Months Ended August 3, 2019 Retail Credit Total August 3, 2019 Retail Credit Total Revenues $ 211,672 $ 909 $ 212,581 Revenues $ 441,114 $ 1,819 $ 442,933 Depreciation 3,836 - 3,836 Depreciation 7,679 - 7,679 Interest and other income ( 1,693) - ( 1,693) Interest and other income ( 2,829) - ( 2,829) Income/(Loss) before income taxes 13,501 499 14,000 Income/(Loss) before income taxes 38,680 892 39,572 Capital expenditures 1,222 - 1,222 Capital expenditures 2,217 - 2,217 Retail Credit Total Total assets as of August 1, 2020 $ 549,817 $ 46,600 $ 596,417 Total assets as of February 1, 2020 636,503 48,473 684,976 Three Months Ended Six Months Ended August 1, 2020 August 3, 2019 August 1, 2020 August 3, 2019 Payroll $ 130 $ 164 $ 282 $ 314 Postage 82 117 193 241 Other expenses 118 129 305 372 Total expenses $ 330 $ 410 $ 780 $ 927

Sechedule Of Restricted Stock O

Sechedule Of Restricted Stock Outstanding - (Tables)	6 Months Ended
	Aug. 01, 2020
Disclosure Of Compensation Related Costs Sharebased Payments Abstract
Schedule Of Changes In Restricted Stock Outstanding	2013 2018 Plan Plan Total Options and/or restricted stock initially authorized 1,500,000 4,725,000 6,225,000 Options and/or restricted stock available for grant: August 1, 2020 - 3,943,118 3,943,118

Stock Option Changes - (Tables)

Stock Option Changes - (Tables)	6 Months Ended
	Aug. 01, 2020
Disclosure Of Compensation Related Costs Sharebased Payments Abstract
Schedule of Stock Options Outstanding	Weighted Average Number of Grant Date Fair Shares Value Per Share Restricted stock awards at February 1, 2020 942,562 $ 19.55 Granted 335,317 11.11 Vested ( 129,682) 34.01 Forfeited or expired ( 105,886) 16.63 Restricted stock awards at August 1, 2020 1,042,311 $ 15.33

Fair Value Measurements - Asset

Fair Value Measurements - Assets at Fairvalue - (Tables)	6 Months Ended
	Aug. 01, 2020
Fair Value Measurements [Abstract]
Fair Value Disclosures	Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable August 1, 2020 Assets Inputs Inputs Description Level 1 Level 2 Level 3 Assets: State/Municipal Bonds $ 22,924 $ - $ 22,924 $ - Corporate Bonds 52,361 - 52,361 - U.S. Treasury/Agencies Notes and Bonds 5,547 - 5,547 - Cash Surrender Value of Life Insurance 10,456 - - 10,456 Asset-backed Securities (ABS) 20,373 - 20,373 - Corporate Equities 601 601 - - Certificates of Deposit 100 100 - - Total Assets $ 112,362 $ 701 $ 101,205 $ 10,456 Liabilities: Deferred Compensation ( 10,399) - - ( 10,399) Total Liabilities $ ( 10,399) $ - $ - $ ( 10,399) Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable February 1, 2020 Assets Inputs Inputs Description Level 1 Level 2 Level 3 Assets: State/Municipal Bonds $ 36,014 $ - $ 36,014 $ - Corporate Bonds 90,798 - 90,798 - U.S. Treasury/Agencies Notes and Bonds 37,410 - 37,410 - Cash Surrender Value of Life Insurance 10,517 - - 10,517 Asset-backed Securities (ABS) 37,384 - 37,384 - Corporate Equities 732 732 - - Certificates of Deposit 100 100 - - Total Assets $ 212,955 $ 832 $ 201,606 $ 10,517 Liabilities: Deferred Compensation ( 10,391) - - ( 10,391) Total Liabilities $ ( 10,391) $ - $ - $ ( 10,391)

Fair Value Measurments - Level

Fair Value Measurments - Level 3 Roll (Tables)	6 Months Ended
	Aug. 01, 2020
Fair Value Measurements [Abstract]
Level 3 Reconciliation	Fair Value Measurements Using Significant Unobservable Asset Inputs (Level 3) Cash Surrender Value Beginning Balance at February 1, 2020 $ 10,517 Additions - Total gains or (losses) Included in interest and other income (or changes in net assets) ( 61) Included in other comprehensive income - Ending Balance at August 1, 2020 $ 10,456 Fair Value Measurements Using Significant Unobservable Liability Inputs (Level 3) Deferred Compensation Beginning Balance at February 1, 2020 $ ( 10,391) Additions 46 Total (gains) or losses Included in interest and other income (or changes in net assets) ( 54) Included in other comprehensive income - Ending Balance at August 1, 2020 $ ( 10,399) Fair Value Measurements Using Significant Unobservable Asset Inputs (Level 3) Cash Surrender Value Beginning Balance at February 2, 2019 $ 9,093 Additions 748 Total gains or (losses) Included in interest and other income (or changes in net assets) 676 Included in other comprehensive income - Ending Balance at February 1, 2020 $ 10,517 Fair Value Measurements Using Significant Unobservable Liability Inputs (Level 3) Deferred Compensation Beginning Balance at February 2, 2019 $ ( 8,908) Additions ( 554) Total (gains) or losses Included in interest and other income (or changes in net assets) ( 929) Included in other comprehensive income - Ending Balance at February 1, 2020 $ ( 10,391)

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Aug. 01, 2020
RevenueRecognitionAndDeferredRevenueAbstract
ContractWithCustomerAssetAndLiabilityTableTextBlock	Balance as of August 1, 2020 February 1, 2020 Proprietary Credit Card Receivables, net $ 10,763 $ 15,241 Gift Card Liability $ 6,401 $ 7,658

Leases - (Tables)

Leases - (Tables)	6 Months Ended
	Aug. 01, 2020
Leases [Abstract]
Lease, Cost [Table Text Block]	Three Months Ended August 1, 2020 August 3, 2019 Operating lease cost (a) $ 17,082 $ 16,665 Variable lease cost (b) $ 439 $ 508 ASC 840 prepaid rent expense (c) $ - $ 37 (a) Includes right-of-use asset amortization of ($1) million for the three months ended August 1, 2020 and August 3, 2019. (b) Primarily related to monthly percentage rent for stores not presented on the balance sheet. (c) Related to ASC 840 rent expense due to prepaid rent on the balance sheet as of February 3, 2019. Six Months Ended August 1, 2020 August 3, 2019 Operating lease cost (a) $ 34,075 $ 26,397 Variable lease cost (b) $ 519 $ 1,114 ASC 840 prepaid rent expense (c) $ - $ 6,012 (a) Includes right-of-use asset amortization of ($2.7) million and ($3) million for the six months ended August 1, 2020 and August 3, 2019, respectively. (b) Primarily related to monthly percentage rent for stores not presented on the balance sheet. (c) Related to ASC 840 rent expense due to prepaid rent on the balance sheet as of February 3, 2019.
Lessee Operating Leases Supplemental Cash Flow Information and Noncash Activity Table [Table Text Block]	Operating cash flow information: Three Months Ended August 1, 2020 August 3, 2019 Cash paid for amounts included in the measurement of lease liabilities $ 15,946 $ 15,327 Non-cash activity: Right-of-use assets obtained in exchange for lease obligations $ 3,287 $ 320 Six Months Ended August 1, 2020 August 3, 2019 Cash paid for amounts included in the measurement of lease liabilities $ 31,445 $ 25,418 Non-cash activity: Right-of-use assets obtained in exchange for lease obligations $ 31,484 $ 602
Lessee Operating Lease Weighted Averages Table [Table Text Block] showing weighted average remaining lease term and weighted average discount rate	As of August 1, 2020 August 3, 2019 Weighted-average remaining lease term 2.9 years 2.6 years Weighted-average discount rate 4.29% 4.65%
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Fiscal Year 2020 (a) $ 31,069 2021 59,114 2022 43,325 2023 31,978 2024 20,611 Thereafter 49,366 Total lease payments 235,463 Less: Imputed interest 25,077 Present value of lease liabilities $ 210,386 (a) Excluding the 6 months ended August 1, 2020.

General - Notes to Financial _2

General - Notes to Financial Statements - (Details) - USD ($)	1 Months Ended	3 Months Ended				6 Months Ended
	Aug. 27, 2020	Aug. 01, 2020	May 02, 2020	Aug. 03, 2019	May 04, 2019	Aug. 01, 2020	Aug. 03, 2019
General Dsiclosure [Abstract]
Quarterly Declared Dividend		$ 0	$ 0.33	$ 0.33	$ 0.33
Repurchase of common stock	$ 509,141					$ 9,875,000	$ 2,834,000
Net income		$ (7,170,000)	$ (28,417,000)	$ 11,866,000	$ 21,256,000	(35,587,000)	33,122,000
Dividends paid						7,990,000	$ 16,291,000
Asset Impairment Charges						$ 5,300,000
Repurchased Shares	72,400

Earnings Per Share - (Details)

Earnings Per Share - (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Aug. 01, 2020	May 02, 2020	Aug. 03, 2019	May 04, 2019	Aug. 01, 2020	Aug. 03, 2019
Earnings Per Share Disclosure [Abstract]
Net income	$ (7,170)	$ (28,417)	$ 11,866	$ 21,256	$ (35,587)	$ 33,122
Earnings Allocated to Non-Vesting Equity Awards	320		(451)		1,531	(1,148)
Net Income (Loss) Available to Common Stockholders	$ (6,850)		$ 11,415		$ (34,056)	$ 31,974
Basic Weighted-Average common shares outstanding	22,908,942		23,789,070		22,934,410	23,772,883
Dilluted Weighted Average Common Shares Outstanding	22,908,942		23,789,070		22,934,410	23,772,883
Basic earnings per share	$ (0.30)		$ 0.48		$ (1.48)	$ 1.34
Diluted earnings per share	$ (0.30)		$ 0.48		$ (1.48)	$ 1.34

Changes in Accumulated Other _2

Changes in Accumulated Other Comprehensive Income (Details) - USD ($)	3 Months Ended				6 Months Ended
	Aug. 01, 2020	May 02, 2020	Aug. 03, 2019	May 04, 2019	Aug. 01, 2020	Aug. 03, 2019
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance Accumulated other comprehensive income, net of tax		$ 1,423,000			$ 1,423,000
Unrealized gain on available-for-sale securities, net of deferred income taxes	$ 484,000	(298,000)	$ 859,000	$ 412,000	186,000	$ 1,271,000
Ending Balance Accumulated other comprehensive income, net of tax	1,609,000				1,609,000
ChangeInUnrealizedGainsOnAvailableForSaleSecuritiesMember [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance Accumulated other comprehensive income, net of tax	1,125,000	1,423,000	335,000	(77,000)	1,423,000	(77,000)
Other Comprehensive Income Loss Before Reclassifications Net Of Tax	420,000		829,000		(381,000)	1,232,000
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax	64,000		30,000		567,000	39,000
Unrealized gain on available-for-sale securities, net of deferred income taxes	484,000		859,000		186,000	1,271,000
Ending Balance Accumulated other comprehensive income, net of tax	$ 1,609,000	$ 1,125,000	$ 1,194,000	$ 335,000	$ 1,609,000	$ 1,194,000

Changes in Accumulated Other _3

Changes in Accumulated Other Comprehensive Income Components - (Details) - USD ($)	3 Months Ended		6 Months Ended
	Aug. 01, 2020	Aug. 03, 2019	Aug. 01, 2020	Aug. 03, 2019
ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems
Income Tax Benefit (Expense)	$ (3,880,000)	$ 2,134,000	$ (12,994,000)	$ 6,450,000
Reclassified Accumulated Unrealized Gains and Losses
ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems
Interest and Other Income	83,000	39,000	738,000	51,000
Income Tax Benefit (Expense)	$ 19,000	$ 9,000	$ 171,000	$ 12,000

Financing Arrangements - (Detai

Financing Arrangements - (Details)	Aug. 01, 2020USD ($)
RevolvingCreditFacilityMember [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 35,000,000

Reportable Segment Informatio_3

Reportable Segment Information - (Details) - USD ($)	3 Months Ended		6 Months Ended
	Aug. 01, 2020	Aug. 03, 2019	Aug. 01, 2020	Aug. 03, 2019	Feb. 01, 2020
Segment Reporting Information [Line Items]
Total revenues	$ 168,170,000	$ 212,581,000	$ 268,902,000	$ 442,933,000
Depreciation	3,488,000	3,836,000	7,494,000	7,679,000
Interest and other income	961,000	1,693,000	2,812,000	2,829,000
Total Assets	596,417,000		596,417,000		$ 684,976,000
Capital expenditures	4,490,000	1,222,000	9,801,000	2,217,000
Income Before Taxes	(11,050,000)	14,000,000	(48,581,000)	39,572,000
ReportableSegmentsMemberRetail [Member]
Segment Reporting Information [Line Items]
Total revenues	167,523,000	211,672,000	267,413,000	441,114,000
Depreciation	3,488,000	3,836,000	7,494,000	7,679,000
Interest and other income	961,000	1,693,000	2,812,000	2,829,000
Total Assets	549,817,000		549,817,000		636,503,000
Capital expenditures	4,490,000	1,222,000	9,801,000	2,217,000
Income Before Taxes	(11,368,000)	13,501,000	(49,291,000)	38,680,000
ReportableSegmentsMemberCredit [Member]
Segment Reporting Information [Line Items]
Total revenues	647,000	909,000	1,489,000	1,819,000
Depreciation	0	0	0	0
Interest and other income	0	0	0	0
Total Assets	46,600,000		46,600,000		$ 48,473,000
Capital expenditures	0	0	0	0
Income Before Taxes	$ 318,000	$ 499,000	$ 710,000	$ 892,000

Direct Expenses of Credit Segme

Direct Expenses of Credit Segment in SGA - (Details) - ReportableSegmentsMemberCredit [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2020	Aug. 03, 2019	Aug. 01, 2020	Aug. 03, 2019
Segment Reporting Information [Line Items]
Labor and Related Expense	$ 130	$ 164	$ 282	$ 314
Postage Expense	82	117	193	241
Other Expenses	118	129	305	372
Total Credit Expenses	$ 330	$ 410	$ 780	$ 927

Stock Based Compensation - Plan

Stock Based Compensation - Plans - (Details)	Aug. 01, 2020shares
Authorized And Available For Grant [Line Items]
Options And/Or Restrcited Stock Initially Authorized	6,225,000
Options And Or Restricted Stock Available For Grant	3,943,118
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	0
2018 Plan
Authorized And Available For Grant [Line Items]
Options And/Or Restrcited Stock Initially Authorized	4,725,000
Options And Or Restricted Stock Available For Grant	3,943,118

Sechedule Of Restricted Stock_2

Sechedule Of Restricted Stock Outstanding - (Details) - 2004 Plan - Restricted Stock - Class A Common Stock	6 Months Ended
	Aug. 01, 2020$ / sharesshares
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested [Roll Forward]
Restricted Stock Awards Beginning Balance | shares	942,562
Restricted Stock Awards Granted | shares	335,317
Restricted Stock Awards Vested | shares	(129,682)
Restricted Stock Awards Foreited | shares	(105,886)
Restricted Stock Awards Ending Balance | shares	1,042,311
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	$ 19.55
Granted Restricted Stock Awards Weighted Average Grant Date Fair Value Per Share | $ / shares	11.11
Vested Restricted Stock Awards Weighted Average Grant Date Fair Value Per Share | $ / shares	34.01
Forfeited Restricted Stock Awards Weighted Average Grant Date Fair Value Per Share | $ / shares	16.63
Restricted Stock Awards Weighted Average Grant Date Fair Value Per Share - Ending Balance | $ / shares	$ 15.33

Stock Based Compensation Additi

Stock Based Compensation Additional - (Details) - Class A Common Stock - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Aug. 01, 2020	Aug. 03, 2019	Aug. 01, 2020	Aug. 03, 2019	Feb. 01, 2020
Restricted Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized Compensation Expense	$ 13,007,000		$ 13,007,000		$ 11,900,000
Remaining Weighted-Average Vesting Period			2 years 7 months 6 days		2 years 2 months 12 days
Compensation Expense	$ 1,253,000	$ 1,495,000	$ 1,859,000	$ 2,140,000
Employee Stock Purchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares Sold			26,957	26,078
Compensation Expense			$ 44,000	$ 56,000
Employee Stock Purchase Plan Share Purchase Discount	$ 1.64	$ 2.16	$ 1.64	$ 2.16

Weighted Average Option Rollfor

Weighted Average Option Rollforward - (Details) - shares	3 Months Ended
	Aug. 01, 2020	May 02, 2020	Aug. 03, 2019	May 04, 2019
shareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward
Exercised	0	0	0	0

Fair Value Measurements - Ass_2

Fair Value Measurements - Assets at Fairvalue - (Details) - USD ($)	Aug. 01, 2020	Feb. 01, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Financial Assets At Fair Value	$ 112,362,000	$ 212,955,000
Deferred Compensation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Liabilities, Fair Value Disclosure	(10,399,000)	(10,391,000)
Total Financial Liabilities At Fair Value	(10,399,000)	(10,391,000)
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Financial Assets At Fair Value	701,000	832,000
Level 1 | Deferred Compensation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Liabilities, Fair Value Disclosure	0	0
Total Financial Liabilities At Fair Value	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Financial Assets At Fair Value	101,205,000	201,606,000
Level 2 | Deferred Compensation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Liabilities, Fair Value Disclosure	0	0
Total Financial Liabilities At Fair Value	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Financial Assets At Fair Value	10,456,000	10,517,000
Level 3 | Deferred Compensation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Liabilities, Fair Value Disclosure	(10,399,000)	(10,391,000)
Total Financial Liabilities At Fair Value	(10,399,000)	(10,391,000)
State/Municipal Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	$ 22,924,000	36,014,000
State/Municipal Bonds | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale, Term	6 days
State/Municipal Bonds | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale, Term	7 years
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	22,924,000	36,014,000
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
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	52,361,000	90,798,000
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	52,361,000	90,798,000
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
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	$ 5,547,000	37,410,000
US Treasury Notes | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale, Term	1 month
US Treasury Notes | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale, Term	2 years
US Treasury Notes | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	$ 0	0
US Treasury Notes | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	5,547,000	37,410,000
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
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	601,000	732,000
Corporate Equities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	601,000	732,000
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
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	100,000	100,000
Certificates of Deposit | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	100,000	100,000
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)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	20,373,000	37,384,000
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	20,373,000	37,384,000
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
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Surrender Value, Fair Value Disclosure	10,456,000	10,517,000
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	$ 10,456,000	$ 10,517,000

Fair Value Measurements - Level

Fair Value Measurements - Level 3 Roll - (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Aug. 01, 2020	Feb. 01, 2020
Deferred Compensation
FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems
Begining Balance	$ (10,391)	$ (8,908)
Redemptions	46	(554)
Additions	(54)	(929)
Losses (Gains) Included In Earnings	0	0
Ending Balance	(10,399)	(10,391)
Cash Surrender Value - Life Insurance
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	10,517	9,093
Additions	0	748
Gains (Losses) Included in Earnings	(61)	676
Gains (Losses) Included in Other Comprehensive Income	0	0
Ending Balance	$ 10,456	$ 10,517

Income Tax (Details)

Income Tax (Details)	6 Months Ended
	Aug. 01, 2020	Aug. 03, 2019
IncomeTaxDisclosureAbstract
Effective Income Tax Rate	26.70%	16.30%

Effective Tax Rate (Details)

Effective Tax Rate (Details)	6 Months Ended
	Aug. 01, 2020	Aug. 03, 2019
EffectiveIncomeTaxRateContinuingOperationsTaxRateReconciliationAbstract
Effective Income Tax Rate	26.70%	16.30%

Revenue Recognition Disclosure

Revenue Recognition Disclosure Table - (Details) - USD ($)	Aug. 01, 2020	Feb. 01, 2020
RevenueRecognitionAndDeferredRevenueAbstract
Proprietary Credit Card Receivables Net	$ 10,763,000	$ 15,241,000
Gift Card Liability	$ 6,401,000	$ 7,658,000

Revenue Recognition Cato Credit

Revenue Recognition Cato Credit Card - (Details) - USD ($)	6 Months Ended
	Aug. 01, 2020	Aug. 03, 2019
RevenueRecognitionAndDeferredRevenueAbstract
Proprietary Credit Card Uncollectable amounts	$ 185,000	$ 455,000
Proprietary Credit Card Sales	$ 6,900,000	$ 13,800,000

Leases - (Details)

Leases - (Details) - USD ($)	3 Months Ended		6 Months Ended
	Aug. 01, 2020	Aug. 03, 2019	Aug. 01, 2020	Aug. 03, 2019
Leases [Abstract]
Operating Lease, Weighted Average Discount Rate, Percent	4.29%	4.65%	4.29%	4.65%
Operating Lease, Expense	$ 17,082,000	$ 16,665,000	$ 34,075,000	$ 26,397,000
Variable Lease, Cost	439,000	508,000	519,000	1,114,000
ASC 840 prepaid rent expense	0	37,000	0	6,012,000
Operating Lease, Payments	15,946,000	15,327,000	31,445,000	25,418,000
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	3,287,000	$ 320,000	31,484,000	$ 602,000
Operating Leases, Future Minimum Payments Due, Next Twelve Months	31,069,000		31,069,000
Operating Leases, Future Minimum Payments, Due in Two Years	59,114,000		59,114,000
Operating Leases, Future Minimum Payments, Due in Three Years	43,325,000		43,325,000
Operating Leases, Future Minimum Payments, Due in Four Years	31,978,000		31,978,000
Operating Leases, Future Minimum Payments, Due In Five Years	20,611,000		20,611,000
Operating Leases, Future Minimum Payments, Due Thereafter	49,366,000		49,366,000
Operating Leases, Future Minimum Payments Due	235,463,000		235,463,000
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	(25,077,000)		(25,077,000)
Operating Lease, Liability	$ 210,386,000		$ 210,386,000