The Cato Corporation (CATO) 10-Q 24 Nov 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	9 Months Ended
	Oct. 31, 2020shares
Class of Stock [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
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
Entity Registrant Name	THE CATO CORP
Common Class A [Member]
Class of Stock [Line Items]
Entity Common Stock Shares Outstanding	21,170,417
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		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
Revenues
Retail sales	$ 149,205,000	$ 189,357,000	$ 414,283,000	$ 627,780,000
Other Revenue (principally finance charges, late fees and layaway charges)	1,586,000	2,166,000	5,410,000	6,676,000
Total revenues	150,791,000	191,523,000	419,693,000	634,456,000
COSTS AND EXPENSES, NET
Cost of goods sold (exclusive of depreciation shown below)	109,404,000	118,624,000	325,738,000	385,079,000
Selling, general and administrative (exclusive of depreciation shown below)	51,885,000	64,681,000	148,353,000	196,737,000
Depreciation	3,619,000	3,844,000	11,113,000	11,523,000
Interest and other income	791,000	1,662,000	3,603,000	4,491,000
Cost and expenses, net	164,117,000	185,487,000	481,601,000	588,848,000
Income before income taxes	(13,326,000)	6,036,000	(61,908,000)	45,608,000
Income tax expense	(9,704,000)	51,000	(22,698,000)	6,501,000
Net income	$ (3,622,000)	$ 5,985,000	$ (39,210,000)	$ 39,107,000
Basic earnings per share	$ (0.15)	$ 0.24	$ (1.64)	$ 1.59
Diluted earnings per share	$ (0.15)	0.24	$ (1.64)	$ 1.59
Dividends per share		$ 0.33
Comprehensive income
Net income	$ (3,622,000)	$ 5,985,000	$ (39,210,000)	$ 39,107,000
Unrealized gain on available-for-sale securities, net of deferred income taxes	282,000	25,000	(96,000)	1,246,000
Comprehensive Income	$ (3,904,000)	$ 5,960,000	$ (39,306,000)	$ 40,353,000

Condensed Consolidated Income_2

Condensed Consolidated Income Statements Of Income and Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Oct. 31, 2020	Aug. 01, 2020	May 02, 2020	Nov. 02, 2019	Aug. 03, 2019	May 04, 2019	Oct. 31, 2020	Nov. 02, 2019
OtherComprehensiveIncomeLossTaxParentheticalDisclosuresAbstract
Tax Effect of Unrealized Gains (Losses) On Available-For-Sale Securities	$ (85)	$ 146	$ (90)	$ (8)	$ 262	$ 126	$ (29)	$ 380

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Oct. 31, 2020	Feb. 01, 2020
Current Assets:
Cash and cash equivalents	$ 18,812,000	$ 11,824,000
Short-term investments	132,574,000	200,387,000
Restricted Cash	3,102,000	2,577,000
Restricted Short term Investments	815,000	1,319,000
Accounts receivable, net of allowance for doubtful accounts	47,725,000	26,088,000
Merchandise inventories	84,281,000	115,365,000
Prepaid expenses	7,185,000	5,237,000
Total Current Assets	294,494,000	362,797,000
Property and equipment - net	81,853,000	88,667,000
Noncurrent deferred tax asset	7,464,000	8,636,000
Other assets	22,722,000	24,073,000
Right-of-Use assets - net	184,338,000	200,803,000
Total Assets	590,871,000	684,976,000
Current Liabilities:
Accounts payable	74,999,000	68,438,000
Accrued expenses	45,843,000	47,099,000
Accrued benefits	259,000	18,913,000
Accrued income taxes	1,388,000	1,703,000
Current lease liability	54,250,000	63,149,000
Total Current Liabilities	176,739,000	199,302,000
Other noncurrent liabilities (primarily deferred rent)	19,799,000	21,976,000
Lease liability	138,196,000	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	776,000	820,000
Additional paid-in capital	114,196,000	110,813,000
Retained earnings	139,838,000	203,458,000
Accumulated other comprehensive income	1,327,000	1,423,000
Total Stockholders' Equity	256,137,000	316,514,000
Liabilities And Stockholders Equity	590,871,000	684,976,000
Common Class A [Member]
Class of Stock [Line Items]
Common stock	717,000	761,000
Common Class B [Member]
Class of Stock [Line Items]
Common stock	$ 59	$ 59,000

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($)	Oct. 31, 2020	Feb. 01, 2020
Class of Stock [Line Items]
Allowance For Doubtful Accounts Receivable Current	$ 574,000	$ 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	21,170,417	22,535,779
Common Stock Par Or Stated Value Per Share	$ 0.033

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019
OPERATING ACTIVITIES
Net income	$ (39,210,000)	$ 39,107,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	11,113,000	11,523,000
Provision For Doubtful Accounts	202,000	539,000
Purchase premium and premium amortization	(613,000)	(380,000)
Share Based Compensation	3,010,000	3,450,000
Deferred income taxes	1,201,000	0
Loss on disposal of property and equipment	438,000	555,000
Impairment of Leasehold	(7,525,000)	0
Changes in operating assets and liabilities which provided (used) cash:
Accounts receivable	(21,814,000)	119,000
Merchandise inventories	31,084,000	5,536,000
Prepaid and other assets	(2,223,000)	37,447,000
Operating lease right-of-use asstes and liabilities	(1,422,000)	0
Accrued income taxes	(315,000)	1,568,000
Accounts payable, accrued expenses and other liabilities	(15,041,000)	(50,158,000)
Net cash provided by operating activities	(26,065,000)	49,306,000
INVESTING ACTIVITIES
Capital expenditures	(11,228,000)	(4,946,000)
Purchase of short-term investments	(54,910,000)	(177,807,000)
Sales of short-term investments	123,860,000	160,858,000
Payments to Acquire Projects	0	(332,000)
Proceeds from Sale of Investment Projects	(200,000)	(13,000)
Net cash used in investing activities	57,922,000	(22,214,000)
FINANCING ACTIVITIES
Dividends paid	(7,912,000)	(24,461,000)
Repurchase of common stock	(16,823,000)	(5,032,000)
Proceeds from lines of credit	34,000,000	0
Payments to lines of credit	34,000,000	0
Proceeds from employee stock purchase plan	391,000	563,000
Net cash provided used in financing activities	(24,344,000)	(28,930,000)
Net increase in cash and cash equivalents	7,513,000	(1,838,000)
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	21,914,000	23,371,000
Change in Accrued PPE	2,604,000	1,538,000
Change in Accrued Treasury Stock	$ 556,000	$ 0

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	39,107,000
Accumulated Other Comprehensive Income	(1,246,000)
Balance at Nov. 02, 2019	331,709,000	768,000	59,000	109,543,000	220,170,000	1,169,000
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
Net income	5,985,000	0	0	0	5,985,000	0
Accumulated Other Comprehensive Income	(25,000)	0	0	0	0	(25,000)
Dividends	8,170,000	0	0	0	8,170,000	0
Class A common stock sold through employee stock purchase plan	287,000	0	0	287,000	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	1,212,000	0	0	1,199,000	13,000	0
Retirement of treasury sharess	2,198,000	4,000	0	0	2,194,000	0
Balance at Nov. 02, 2019	331,709,000	768,000	59,000	109,543,000	220,170,000	1,169,000
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	(39,210,000)
Accumulated Other Comprehensive Income	96,000
Balance at Oct. 31, 2020	256,137,000	717,000	59,000	114,196,000	139,838,000	1,327,000
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
Net income	(3,622,000)	0	0	0	(3,622,000)	0
Accumulated Other Comprehensive Income	(282,000)	0	0	0	0	(282,000)
Dividends	78,000	0	0	0	78,000	0
Class A common stock sold through employee stock purchase plan	167,000	1,000	0	166,000	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	1,082,000	0	0	1,081,000	1,000	0
Retirement of treasury sharess	7,505,000	32,000	0	0	7,473,000	0
Balance at Oct. 31, 2020	$ 256,137,000	$ 717,000	$ 59,000	$ 114,196,000	$ 139,838,000	$ 1,327,000

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Parentheticals) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2020	Aug. 01, 2020	May 02, 2020	Nov. 02, 2019	Aug. 03, 2019	May 04, 2019
us-gaap_StatementOfStockholdersEquityAbstract
Tax Effect of Unrealized Gains (Losses) On Available-For-Sale Securities	$ (85)	$ 146	$ (90)	$ (8)	$ 262	$ 126
Stock Transactions, Parenthetical Disclosures [Abstract]
Dividends per share			$ 0.33	$ 0.33	$ 0.33	$ 0.33
Class A common stock shares sold through employee stock purchase plans	21,234		26,957	18,252	5,402	20,676
Class A common stock shares issued through restricted stock grant plans	8,440	57,805	307,354	18,327	9,170	355,609
Retirement of treasury shares - retired shares	1,036,610		618,056	129,339		208,041

General - Notes to Financial St

General - Notes to Financial Statements	9 Months Ended
	Oct. 31, 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 October 31, 2020 and November 2, 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. On August 27, 2020, the Board of Directors authorized an increase in the Company’s share repurchase program of 1 million shares. Subsequent to October 31, 2020, the Company repurchased 320,707 shares for $2,274,610. Additionally, on November 19, 2020, the Board of Directors authorized an increase in the Company’s share repurchase program of 1.5 million shares. COVID-19 Update The COVID-19 pandemic has created, and may continue to create, challenges and uncertainties for our business. In the first quarter of fiscal 2020, the pandemic resulted in state and local orders mandating store closures and other measures to mitigate the spread of the virus. Recently reported increases in infection rates in many areas and the onset of cooler weather raise the possibility of increased or renewed governmental measures or public health guidance to reduce public activity and gatherings in order to mitigate the spread of the virus, as well as continued adverse effect on consumer confidence. 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, It’s Fashion, It’s 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. Although all stores have re-opened, stores are operating at reduced hours and stores may be temporarily closed or subject to further operating restrictions in compliance with local regulations or in response to public health guidance due to COIVD-19. 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 historical operating results and projected cash flows, which include future sales growth rates, margin rates and expense 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, and no additional impairment was required in the second and third quarters of 2020. During the third quarter of 2020, the Company determined no new stores would be opened during the remainder of 2020, as well as 2021. As a result, during the third quarter of 2020, the Company impaired $ 2.3 million worth of fixtures planned for new stores. 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	9 Months Ended
	Oct. 31, 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 Nine Months Ended October 31, 2020 November 2, 2019 October 31, 2020 November 2, 2019 (Dollars in thousands) Numerator Net earnings (loss) $ ( 3,622) $ 5,985 $ ( 39,210) $ 39,107 (Earnings) loss allocated to non-vested equity awards 155 ( 220) 1,706 ( 1,390) Net earnings (loss) available to common stockholders $ ( 3,467) $ 5,765 $ ( 37,504) $ 37,717 Denominator Basic weighted average common shares outstanding 22,674,507 23,749,048 22,847,776 23,764,938 Diluted weighted average common shares outstanding 22,674,507 23,749,048 22,847,776 23,764,938 Net income (loss) per common share Basic earnings (loss) per share $ ( 0.15) $ 0.24 $ ( 1.64) $ 1.59 Diluted earnings (loss) per share $ ( 0.15) $ 0.24 $ ( 1.64) $ 1.59

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	9 Months Ended
	Oct. 31, 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 October 31, 2020: Changes in Accumulated Other Comprehensive Income (a) Unrealized Gains and (Losses) on Available-for-Sale Securities Beginning Balance at August 1, 2020 $ 1,609 Other comprehensive income before reclassification ( 350) Amounts reclassified from accumulated other comprehensive income (b) 68 Net current-period other comprehensive income ( 282) Ending Balance at October 31, 2020 $ 1,327 (a) All amounts are net-of-tax. Amounts in parentheses indicate a debit/reduction to other comprehensive income. (b) Includes $ 89 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 $ 21. The following table sets forth information regarding the reclassification out of Accumulated other comprehensive income (in thousands) for the nine months ended October 31, 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 ( 732) Amounts reclassified from accumulated other comprehensive income (b) 636 Net current-period other comprehensive income ( 96) Ending Balance at October 31, 2020 $ 1,327 (a) All amounts are net-of-tax. Amounts in parentheses indicate a debit/reduction to other comprehensive income. (b) Includes $ 827 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 $ 191. 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 November 2, 2019: Changes in Accumulated Other Comprehensive Income (a) Unrealized Gains and (Losses) on Available-for-Sale Securities Beginning Balance at August 3, 2019 $ 1,194 Other comprehensive income before reclassifications ( 165) Amounts reclassified from accumulated other comprehensive income (b) 140 Net current-period other comprehensive income ( 25) Ending Balance at November 2, 2019 $ 1,169 (a) All amounts are net-of-tax. Amounts in parentheses indicate a debit/reduction to other comprehensive income. (b) Includes $ 183 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 $ 43. The following table sets forth information regarding the reclassification out of Accumulated other comprehensive income (in thousands) for the nine months ended November 2, 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 1,067 Amounts reclassified from accumulated other comprehensive income (b) 179 Net current-period other comprehensive income 1,246 Ending Balance at November 2, 2019 $ 1,169 (a) All amounts are net-of-tax. Amounts in parentheses indicate a debit/reduction to other comprehensive income. (b) Includes $ 234 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 $ 55.

Financing Arrangements - Notes

Financing Arrangements - Notes to Financial Statements	9 Months Ended
	Oct. 31, 2020
Financing Arrangements [Abstract]
Financing Arrangements	NOTE 4 – FINANCING ARRANGEMENTS: As of October 31, 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 October 31, 2020. There were no borrowings outstanding under this credit facility as of October 31, 2020 or February 1, 2020. The weighted average interest rate under the credit facility was zero at October 31, 2020 due to no borrowings outstanding. At October 31, 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	9 Months Ended
	Oct. 31, 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 33 states as of October 31, 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 Nine Months Ended October 31, 2020 Retail Credit Total October 31, 2020 Retail Credit Total Revenues $ 150,203 $ 588 $ 150,791 Revenues $ 417,616 $ 2,077 $ 419,693 Depreciation 3,618 1 3,619 Depreciation 11,112 1 11,113 Interest and other income ( 791) - ( 791) Interest and other income ( 3,603) - ( 3,603) Income/(Loss) before income taxes ( 13,559) 233 ( 13,326) Income/(Loss) before income taxes ( 62,851) 943 ( 61,908) Capital expenditures 1,428 - 1,428 Capital expenditures 11,228 - 11,228 Three Months Ended Nine Months Ended November 2, 2019 Retail Credit Total November 2, 2019 Retail Credit Total Revenues $ 190,637 $ 886 $ 191,523 Revenues $ 631,751 $ 2,705 $ 634,456 Depreciation 3,843 1 3,844 Depreciation 11,522 1 11,523 Interest and other income ( 1,662) - ( 1,662) Interest and other income ( 4,491) - ( 4,491) Income/(Loss) before income taxes 5,571 465 6,036 Income/(Loss) before income taxes 44,251 1,357 45,608 Capital expenditures 2,729 - 2,729 Capital expenditures 4,946 - 4,946 Retail Credit Total Total assets as of October 31, 2020 $ 543,827 $ 47,044 $ 590,871 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 Nine Months Ended October 31, 2020 November 2, 2019 October 31, 2020 November 2, 2019 Payroll $ 135 $ 164 $ 417 $ 478 Postage 85 110 278 351 Other expenses 134 146 438 518 Total expenses $ 354 $ 420 $ 1,133 $ 1,347

Stock Based Compensation - Note

Stock Based Compensation - Notes to Financial Statements	9 Months Ended
	Oct. 31, 2020
Disclosure Of Compensation Related Costs Sharebased Payments Abstract
Stock Based Compensation	NOTE 6 – STOCK-BASED COMPENSATION: As of October 31, 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 October 31, 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: October 31, 2020 - 3,951,558 3,951,558 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 October 31, 2020 and February 1, 2020, there was $ 11,778,000 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 2.4 years and 2.2 years, respectively. The total compensation expense during the three and nine months ended October 31, 2020 was $ 1,082,000 and $ 2,941,000, respectively, compared to $ 1,211,000 and $ 3,351,000, respectively, for the three and nine months ended November 2, 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 nine months ended October 31, 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 ( 114,326) 16.55 Restricted stock awards at October 31, 2020 1,033,871 $ 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 nine months ended October 31, 2020 and November 2, 2019, the Company sold 48,191 and 44,330 shares to employees at an average discount of $ 1.43 and $ 2.24 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 $ 69,000 and $ 99,000 for the nine months ended October 31, 2020 and November 2, 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	9 Months Ended
	Oct. 31, 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 October 31, 2020 and February 1, 2020: Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable October 31, 2020 Assets Inputs Inputs Description Level 1 Level 2 Level 3 Assets: State/Municipal Bonds $ 29,034 $ - $ 29,034 $ - Corporate Bonds 63,167 - 63,167 - U.S. Treasury/Agencies Notes and Bonds 20,265 - 20,265 - Cash Surrender Value of Life Insurance 10,538 - - 10,538 Asset-backed Securities (ABS) 19,996 - 19,996 - Corporate Equities 1,515 1,515 - - Certificates of Deposit - - - - Total Assets $ 144,515 $ 1,515 $ 132,462 $ 10,538 Liabilities: Deferred Compensation ( 10,428) - - ( 10,428) Total Liabilities $ ( 10,428) $ - $ - $ ( 10,428) 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 October 31, 2020 and February 1, 2020. The state, municipal and corporate bonds have contractual maturities which range from two weeks to five years. The U.S. Treasury Notes and Certificates of Deposit have contractual maturities which range from two weeks to three 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 October 31, 2020, the Company had $ 1.5 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 October 31, 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) 21 Included in other comprehensive income - Ending Balance at October 31, 2020 $ 10,538 Fair Value Measurements Using Significant Unobservable Liability Inputs (Level 3) Deferred Compensation Beginning Balance at February 1, 2020 $ ( 10,391) Additions 157 Total (gains) or losses Included in interest and other income (or changes in net assets) ( 194) Included in other comprehensive income - Ending Balance at October 31, 2020 $ ( 10,428) 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	9 Months Ended
	Oct. 31, 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	9 Months Ended
	Oct. 31, 2020
IncomeTaxDisclosureAbstract
Income Tax Disclosure [Text Block]	The Company had an effective tax rate for the first nine months of 2020 of 36.7% (Benefit) compared to 14.3% (Expense) for the first nine months of 2019. The increase in the effective tax rate for the first nine months was primarily due to the federal net operating loss carryback provisions of the Coronavirus Aid, Relief and Economic Security Act (CARES Act) and release of reserves for uncertain tax positions due to expiration of statute of limitations, offset by valuation allowances against state income net operating losses, less income tax credits, and an upward adjustment in the reserves for uncertain tax positions specific to state income taxes recorded 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 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 annual effective tax rate. Further, the CARES Act allows the Company to carryback losses to 2015; therefore, the Company has recorded $27.0 million of estimated refunds calculated through the third quarter of 2020 in Accounts receivable in the Condensed Consolidated Balance Sheets.

Income Taxes

Income Taxes	9 Months Ended
	Oct. 31, 2020
IncomeTaxDisclosureAbstract
Income Taxes	The Company had an effective tax rate for the first nine months of 2020 of 36.7% (Benefit) compared to 14.3% (Expense) for the first nine months of 2019. The increase in the effective tax rate for the first nine months was primarily due to the federal net operating loss carryback provisions of the Coronavirus Aid, Relief and Economic Security Act (CARES Act) and release of reserves for uncertain tax positions due to expiration of statute of limitations, offset by valuation allowances against state income net operating losses, less income tax credits, and an upward adjustment in the reserves for uncertain tax positions specific to state income taxes recorded 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 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 annual effective tax rate. Further, the CARES Act allows the Company to carryback losses to 2015; therefore, the Company has recorded $27.0 million of estimated refunds calculated through the third quarter of 2020 in Accounts receivable in the Condensed Consolidated Balance Sheets.

Commitments and Contingencies -

Commitments and Contingencies - Notes to the Financial Statements	9 Months Ended
	Oct. 31, 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	9 Months Ended
	Oct. 31, 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 $, 311000 and $, 670000 for the nine months ended October 31, 2020 and November 2, 2019, respectively, on sales purchased on the Company’s proprietary credit card of $ 11.1 million and $ 20.3 million for the nine months ended October 31, 2020 and November 2, 2019, respectively. The following table provides information about receivables and contract liabilities from contracts with customers (in thousands): Balance as of October 31, 2020 February 1, 2020 Proprietary Credit Card Receivables, net $ 10,241 $ 15,241 Gift Card Liability $ 6,021 $ 7,658

Leases - Notes to the Financial

Leases - Notes to the Financial Statements	9 Months Ended
	Oct. 31, 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 October 31, 2020 November 2, 2019 Operating lease cost (a) $ 17,665 $ 16,677 Variable lease cost (b) $ 480 $ 466 ASC 840 prepaid rent expense (c) $ - $ 39 (a) Includes right-of-use asset amortization of ($0.8) million and ($1.0) million for the three months ended October 31, 2020 and November 2, 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. Nine Months Ended October 31, 2020 November 2, 2019 Operating lease cost (a) $ 52,522 $ 43,074 Variable lease cost (b) $ 999 $ 1,580 ASC 840 prepaid rent expense (c) $ - $ 6,051 (a) Includes right-of-use asset amortization of ($3.5) million and ($3.9) million for the nine months ended October 31, 2020 and November 2, 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 October 31, 2020 November 2, 2019 Cash paid for amounts included in the measurement of lease liabilities $ 16,109 $ 15,503 Non-cash activity: Right-of-use assets obtained in exchange for lease obligations $ ( 1,825) $ 2,758 Nine Months Ended October 31, 2020 November 2, 2019 Cash paid for amounts included in the measurement of lease liabilities $ 47,554 $ 40,921 Non-cash activity: Right-of-use assets obtained in exchange for lease obligations $ 29,659 $ 3,360 Weighted-average remaining lease term and discount rate for the Company’s operating leases are as follows: As of October 31, 2020 November 2, 2019 Weighted-average remaining lease term 2.7 years 2.4 years Weighted-average discount rate 4.14% 4.64% Maturities of lease liabilities by fiscal year for the Company’s operating leases are as follows (in thousands): Fiscal Year 2020 (a) $ 17,155 2021 57,224 2022 41,927 2023 30,536 2024 19,546 Thereafter 47,987 Total lease payments 214,375 Less: Imputed interest 21,929 Present value of lease liabilities $ 192,446 (a) Excluding the 9 months ended October 31, 2020.

Earnings Per Share - (Tables)

Earnings Per Share - (Tables)	9 Months Ended
	Oct. 31, 2020
Earnings Per Share Disclosure [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Nine Months Ended October 31, 2020 November 2, 2019 October 31, 2020 November 2, 2019 (Dollars in thousands) Numerator Net earnings (loss) $ ( 3,622) $ 5,985 $ ( 39,210) $ 39,107 (Earnings) loss allocated to non-vested equity awards 155 ( 220) 1,706 ( 1,390) Net earnings (loss) available to common stockholders $ ( 3,467) $ 5,765 $ ( 37,504) $ 37,717 Denominator Basic weighted average common shares outstanding 22,674,507 23,749,048 22,847,776 23,764,938 Diluted weighted average common shares outstanding 22,674,507 23,749,048 22,847,776 23,764,938 Net income (loss) per common share Basic earnings (loss) per share $ ( 0.15) $ 0.24 $ ( 1.64) $ 1.59 Diluted earnings (loss) per share $ ( 0.15) $ 0.24 $ ( 1.64) $ 1.59

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Income (Tables)	9 Months Ended
	Oct. 31, 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 August 1, 2020 $ 1,609 Other comprehensive income before reclassification ( 350) Amounts reclassified from accumulated other comprehensive income (b) 68 Net current-period other comprehensive income ( 282) Ending Balance at October 31, 2020 $ 1,327 (a) All amounts are net-of-tax. Amounts in parentheses indicate a debit/reduction to other comprehensive income. (b) Includes $ 89 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 $ 21. 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 ( 732) Amounts reclassified from accumulated other comprehensive income (b) 636 Net current-period other comprehensive income ( 96) Ending Balance at October 31, 2020 $ 1,327 (a) All amounts are net-of-tax. Amounts in parentheses indicate a debit/reduction to other comprehensive income. (b) Includes $ 827 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 $ 191. Changes in Accumulated Other Comprehensive Income (a) Unrealized Gains and (Losses) on Available-for-Sale Securities Beginning Balance at August 3, 2019 $ 1,194 Other comprehensive income before reclassifications ( 165) Amounts reclassified from accumulated other comprehensive income (b) 140 Net current-period other comprehensive income ( 25) Ending Balance at November 2, 2019 $ 1,169 (a) All amounts are net-of-tax. Amounts in parentheses indicate a debit/reduction to other comprehensive income. (b) Includes $ 183 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 $ 43. 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 1,067 Amounts reclassified from accumulated other comprehensive income (b) 179 Net current-period other comprehensive income 1,246 Ending Balance at November 2, 2019 $ 1,169 (a) All amounts are net-of-tax. Amounts in parentheses indicate a debit/reduction to other comprehensive income. (b) Includes $ 234 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 $ 55.

Reportable Segment Informatio_2

Reportable Segment Information - (Tables)	9 Months Ended
	Oct. 31, 2020
Reportable Segment Information [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended Nine Months Ended October 31, 2020 Retail Credit Total October 31, 2020 Retail Credit Total Revenues $ 150,203 $ 588 $ 150,791 Revenues $ 417,616 $ 2,077 $ 419,693 Depreciation 3,618 1 3,619 Depreciation 11,112 1 11,113 Interest and other income ( 791) - ( 791) Interest and other income ( 3,603) - ( 3,603) Income/(Loss) before income taxes ( 13,559) 233 ( 13,326) Income/(Loss) before income taxes ( 62,851) 943 ( 61,908) Capital expenditures 1,428 - 1,428 Capital expenditures 11,228 - 11,228 Three Months Ended Nine Months Ended November 2, 2019 Retail Credit Total November 2, 2019 Retail Credit Total Revenues $ 190,637 $ 886 $ 191,523 Revenues $ 631,751 $ 2,705 $ 634,456 Depreciation 3,843 1 3,844 Depreciation 11,522 1 11,523 Interest and other income ( 1,662) - ( 1,662) Interest and other income ( 4,491) - ( 4,491) Income/(Loss) before income taxes 5,571 465 6,036 Income/(Loss) before income taxes 44,251 1,357 45,608 Capital expenditures 2,729 - 2,729 Capital expenditures 4,946 - 4,946 Retail Credit Total Total assets as of October 31, 2020 $ 543,827 $ 47,044 $ 590,871 Total assets as of February 1, 2020 636,503 48,473 684,976 Three Months Ended Nine Months Ended October 31, 2020 November 2, 2019 October 31, 2020 November 2, 2019 Payroll $ 135 $ 164 $ 417 $ 478 Postage 85 110 278 351 Other expenses 134 146 438 518 Total expenses $ 354 $ 420 $ 1,133 $ 1,347

Sechedule Of Restricted Stock O

Sechedule Of Restricted Stock Outstanding - (Tables)	9 Months Ended
	Oct. 31, 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: October 31, 2020 - 3,951,558 3,951,558

Stock Option Changes - (Tables)

Stock Option Changes - (Tables)	9 Months Ended
	Oct. 31, 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 ( 114,326) 16.55 Restricted stock awards at October 31, 2020 1,033,871 $ 15.33

Fair Value Measurements - Asset

Fair Value Measurements - Assets at Fairvalue - (Tables)	9 Months Ended
	Oct. 31, 2020
Fair Value Measurements [Abstract]
Fair Value Disclosures	Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable October 31, 2020 Assets Inputs Inputs Description Level 1 Level 2 Level 3 Assets: State/Municipal Bonds $ 29,034 $ - $ 29,034 $ - Corporate Bonds 63,167 - 63,167 - U.S. Treasury/Agencies Notes and Bonds 20,265 - 20,265 - Cash Surrender Value of Life Insurance 10,538 - - 10,538 Asset-backed Securities (ABS) 19,996 - 19,996 - Corporate Equities 1,515 1,515 - - Certificates of Deposit - - - - Total Assets $ 144,515 $ 1,515 $ 132,462 $ 10,538 Liabilities: Deferred Compensation ( 10,428) - - ( 10,428) Total Liabilities $ ( 10,428) $ - $ - $ ( 10,428) 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)	9 Months Ended
	Oct. 31, 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) 21 Included in other comprehensive income - Ending Balance at October 31, 2020 $ 10,538 Fair Value Measurements Using Significant Unobservable Liability Inputs (Level 3) Deferred Compensation Beginning Balance at February 1, 2020 $ ( 10,391) Additions 157 Total (gains) or losses Included in interest and other income (or changes in net assets) ( 194) Included in other comprehensive income - Ending Balance at October 31, 2020 $ ( 10,428) 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)	9 Months Ended
	Oct. 31, 2020
RevenueRecognitionAndDeferredRevenueAbstract
ContractWithCustomerAssetAndLiabilityTableTextBlock	Balance as of October 31, 2020 February 1, 2020 Proprietary Credit Card Receivables, net $ 10,241 $ 15,241 Gift Card Liability $ 6,021 $ 7,658

Leases - (Tables)

Leases - (Tables)	9 Months Ended
	Oct. 31, 2020
Leases [Abstract]
Lease, Cost [Table Text Block]	Three Months Ended October 31, 2020 November 2, 2019 Operating lease cost (a) $ 17,665 $ 16,677 Variable lease cost (b) $ 480 $ 466 ASC 840 prepaid rent expense (c) $ - $ 39 (a) Includes right-of-use asset amortization of ($0.8) million and ($1.0) million for the three months ended October 31, 2020 and November 2, 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. Nine Months Ended October 31, 2020 November 2, 2019 Operating lease cost (a) $ 52,522 $ 43,074 Variable lease cost (b) $ 999 $ 1,580 ASC 840 prepaid rent expense (c) $ - $ 6,051 (a) Includes right-of-use asset amortization of ($3.5) million and ($3.9) million for the nine months ended October 31, 2020 and November 2, 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 October 31, 2020 November 2, 2019 Cash paid for amounts included in the measurement of lease liabilities $ 16,109 $ 15,503 Non-cash activity: Right-of-use assets obtained in exchange for lease obligations $ ( 1,825) $ 2,758 Nine Months Ended October 31, 2020 November 2, 2019 Cash paid for amounts included in the measurement of lease liabilities $ 47,554 $ 40,921 Non-cash activity: Right-of-use assets obtained in exchange for lease obligations $ 29,659 $ 3,360
Lessee Operating Lease Weighted Averages Table [Table Text Block] showing weighted average remaining lease term and weighted average discount rate	As of October 31, 2020 November 2, 2019 Weighted-average remaining lease term 2.7 years 2.4 years Weighted-average discount rate 4.14% 4.64%
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Fiscal Year 2020 (a) $ 17,155 2021 57,224 2022 41,927 2023 30,536 2024 19,546 Thereafter 47,987 Total lease payments 214,375 Less: Imputed interest 21,929 Present value of lease liabilities $ 192,446 (a) Excluding the 9 months ended October 31, 2020.

General - Notes to Financial _2

General - Notes to Financial Statements - (Details) - USD ($)	3 Months Ended						9 Months Ended
	Oct. 31, 2020	Aug. 01, 2020	May 02, 2020	Nov. 02, 2019	Aug. 03, 2019	May 04, 2019	Oct. 31, 2020	Nov. 02, 2019
General Dsiclosure [Abstract]
Quarterly Declared Dividend			$ 0.33	$ 0.33	$ 0.33	$ 0.33
Repurchase of common stock							$ 16,823,000	$ 5,032,000
Net income	$ (3,622,000)	$ (7,170,000)	$ (28,417,000)	$ 5,985,000	$ 11,866,000	$ 21,256,000	(39,210,000)	39,107,000
Dividends paid							$ 7,912,000	$ 24,461,000
Asset Impairment Charges	$ 2,300,000		$ 5,300,000

Earnings Per Share - (Details)

Earnings Per Share - (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended						9 Months Ended
	Oct. 31, 2020	Aug. 01, 2020	May 02, 2020	Nov. 02, 2019	Aug. 03, 2019	May 04, 2019	Oct. 31, 2020	Nov. 02, 2019
Earnings Per Share Disclosure [Abstract]
Net income	$ (3,622)	$ (7,170)	$ (28,417)	$ 5,985	$ 11,866	$ 21,256	$ (39,210)	$ 39,107
Earnings Allocated to Non-Vesting Equity Awards	155			(220)			1,706	(1,390)
Net Income (Loss) Available to Common Stockholders	$ (3,467)			$ 5,765			$ (37,504)	$ 37,717
Basic Weighted-Average common shares outstanding	22,674,507			23,749,048			22,847,776	23,764,938
Dilluted Weighted Average Common Shares Outstanding	22,674,507			23,749,048			22,847,776	23,764,938
Basic earnings per share	$ (0.15)			$ 0.24			$ (1.64)	$ 1.59
Diluted earnings per share	$ (0.15)			$ 0.24			$ (1.64)	$ 1.59

Changes in Accumulated Other _2

Changes in Accumulated Other Comprehensive Income (Details) - USD ($)	3 Months Ended						9 Months Ended
	Oct. 31, 2020	Aug. 01, 2020	May 02, 2020	Nov. 02, 2019	Aug. 03, 2019	May 04, 2019	Oct. 31, 2020	Nov. 02, 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	$ 282,000	$ 484,000	298,000	$ 25,000	$ 859,000	$ 412,000	(96,000)	$ 1,246,000
Ending Balance Accumulated other comprehensive income, net of tax	1,327,000						1,327,000
ChangeInUnrealizedGainsOnAvailableForSaleSecuritiesMember [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance Accumulated other comprehensive income, net of tax	1,609,000		$ 1,423,000	1,194,000		$ (77,000)	1,423,000	(77,000)
Other Comprehensive Income Loss Before Reclassifications Net Of Tax	(350,000)			(165,000)			(732,000)	1,067,000
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax	68,000			140,000			636,000	179,000
Unrealized gain on available-for-sale securities, net of deferred income taxes	(282,000)			(25,000)			(96,000)	1,246,000
Ending Balance Accumulated other comprehensive income, net of tax	$ 1,327,000	$ 1,609,000		$ 1,169,000	$ 1,194,000		$ 1,327,000	$ 1,169,000

Changes in Accumulated Other _3

Changes in Accumulated Other Comprehensive Income Components - (Details) - USD ($)	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems
Income Tax Benefit (Expense)	$ (9,704,000)	$ 51,000	$ (22,698,000)	$ 6,501,000
Reclassified Accumulated Unrealized Gains and Losses
ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems
Interest and Other Income	89,000	183,000	827,000	234,000
Income Tax Benefit (Expense)	$ 21,000	$ 43,000	$ 191,000	$ 55,000

Financing Arrangements - (Detai

Financing Arrangements - (Details)	Oct. 31, 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		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019	Feb. 01, 2020
Segment Reporting Information [Line Items]
Total revenues	$ 150,791,000	$ 191,523,000	$ 419,693,000	$ 634,456,000
Depreciation	3,619,000	3,844,000	11,113,000	11,523,000
Interest and other income	791,000	1,662,000	3,603,000	4,491,000
Total Assets	590,871,000		590,871,000		$ 684,976,000
Capital expenditures	1,428,000	2,729,000	11,228,000	4,946,000
Income Before Taxes	(13,326,000)	6,036,000	(61,908,000)	45,608,000
ReportableSegmentsMemberRetail [Member]
Segment Reporting Information [Line Items]
Total revenues	150,203,000	190,637,000	417,616,000	631,751,000
Depreciation	3,618,000	3,843,000	11,112,000	11,522,000
Interest and other income	791,000	1,662,000	3,603,000	4,491,000
Total Assets	543,827,000		543,827,000		636,503,000
Capital expenditures	1,428,000	2,729,000	11,228,000	4,946,000
Income Before Taxes	(13,559,000)	5,571,000	(62,851,000)	44,251,000
ReportableSegmentsMemberCredit [Member]
Segment Reporting Information [Line Items]
Total revenues	588,000	886,000	2,077,000	2,705,000
Depreciation	1,000	1,000	1,000	1,000
Interest and other income	0	0	0	0
Total Assets	47,044,000		47,044,000		$ 48,473,000
Capital expenditures	0	0	0	0
Income Before Taxes	$ 233,000	$ 465,000	$ 943,000	$ 1,357,000

Direct Expenses of Credit Segme

Direct Expenses of Credit Segment in SGA - (Details) - ReportableSegmentsMemberCredit [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
Segment Reporting Information [Line Items]
Labor and Related Expense	$ 135	$ 164	$ 417	$ 478
Postage Expense	85	110	278	351
Other Expenses	134	146	438	518
Total Credit Expenses	$ 354	$ 420	$ 1,133	$ 1,347

Stock Based Compensation - Plan

Stock Based Compensation - Plans - (Details)	Oct. 31, 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	3,951,558
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	3,951,558

Sechedule Of Restricted Stock_2

Sechedule Of Restricted Stock Outstanding - (Details) - 2004 Plan - Restricted Stock - Class A Common Stock	9 Months Ended
	Oct. 31, 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	114,326
Restricted Stock Awards Ending Balance | shares	1,033,871
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	16.55
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		9 Months Ended		12 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019	Feb. 01, 2020
Restricted Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized Compensation Expense	$ 11,778,000		$ 11,778,000		$ 11,900,000
Remaining Weighted-Average Vesting Period			2 years 4 months 24 days		2 years 2 months 12 days
Compensation Expense	$ 1,082,000	$ 1,211,000	$ 2,941,000	$ 3,351,000
Employee Stock Purchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares Sold			48,191	44,330
Compensation Expense			$ 69,000	$ 99,000
Employee Stock Purchase Plan Share Purchase Discount	$ 1.43	$ 2.24	$ 1.43	$ 2.24

Fair Value Measurements - Ass_2

Fair Value Measurements - Assets at Fairvalue - (Details) - USD ($)	Oct. 31, 2020	Feb. 01, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Financial Assets At Fair Value	$ 144,515,000	$ 212,955,000
Deferred Compensation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Liabilities, Fair Value Disclosure	10,428,000	10,391,000
Total Financial Liabilities At Fair Value	10,428,000	10,391,000
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Financial Assets At Fair Value	1,515,000	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	132,462,000	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	10,538,000	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	10,428,000	10,391,000
Total Financial Liabilities At Fair Value	10,428,000	10,391,000
State/Municipal Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	$ 29,034,000	36,014,000
State/Municipal Bonds | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale, Term	5 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	29,034,000	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	63,167,000	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	63,167,000	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	$ 20,265,000	37,410,000
US Treasury Notes | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale, Term	3 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	20,265,000	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	1,515,000	732,000
Corporate Equities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	1,515,000	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	0	100,000
Certificates of Deposit | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	0	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	19,996,000	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	19,996,000	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	10,538,000	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	$ 10,538,000	$ 10,517,000

Fair Value Measurements - Level

Fair Value Measurements - Level 3 Roll - (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Oct. 31, 2020	Feb. 01, 2020
Deferred Compensation
FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems
Begining Balance	$ (10,391)	$ (8,908)
Redemptions	(157)	(554)
Additions	(194)	(929)
Losses (Gains) Included In Earnings	0	0
Ending Balance	(10,428)	(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	21	676
Gains (Losses) Included in Other Comprehensive Income	0	0
Ending Balance	$ 10,538	$ 10,517

Income Tax (Details)

Income Tax (Details)	9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019
IncomeTaxDisclosureAbstract
Effective Income Tax Rate	36.70%	14.30%

Effective Tax Rate (Details)

Effective Tax Rate (Details)	9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019
EffectiveIncomeTaxRateContinuingOperationsTaxRateReconciliationAbstract
Effective Income Tax Rate	36.70%	14.30%

Revenue Recognition Disclosure

Revenue Recognition Disclosure Table - (Details) - USD ($)	Oct. 31, 2020	Feb. 01, 2020
RevenueRecognitionAndDeferredRevenueAbstract
Proprietary Credit Card Receivables Net	$ 10,241,000	$ 15,241,000
Gift Card Liability	$ 6,021,000	$ 7,658,000

Revenue Recognition Cato Credit

Revenue Recognition Cato Credit Card - (Details) - USD ($)	9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019
RevenueRecognitionAndDeferredRevenueAbstract
Proprietary Credit Card Uncollectable amounts	$ 311,000	$ 670,000
Proprietary Credit Card Sales	$ 11,100,000	$ 20,300,000

Leases - (Details)

Leases - (Details) - USD ($)	3 Months Ended		9 Months Ended
	Oct. 31, 2020	Nov. 02, 2019	Oct. 31, 2020	Nov. 02, 2019
Leases [Abstract]
Operating Lease, Weighted Average Discount Rate, Percent	4.14%	4.64%	4.14%	4.64%
Operating Lease, Expense	$ 17,665,000	$ 16,677,000	$ 52,522,000	$ 43,074,000
Variable Lease, Cost	480,000	466,000	999,000	1,580,000
ASC 840 prepaid rent expense	0	39,000	0	6,051,000
Operating Lease, Payments	16,109,000	15,503,000	47,554,000	40,921,000
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	1,825,000	$ 2,758,000	29,659,000	$ 3,360,000
Operating Leases, Future Minimum Payments Due, Next Twelve Months	17,155,000		17,155,000
Operating Leases, Future Minimum Payments, Due in Two Years	57,224,000		57,224,000
Operating Leases, Future Minimum Payments, Due in Three Years	41,927,000		41,927,000
Operating Leases, Future Minimum Payments, Due in Four Years	30,536,000		30,536,000
Operating Leases, Future Minimum Payments, Due In Five Years	19,546,000		19,546,000
Operating Leases, Future Minimum Payments, Due Thereafter	47,987,000		47,987,000
Operating Leases, Future Minimum Payments Due	214,375,000		214,375,000
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	(21,929,000)		(21,929,000)
Operating Lease, Liability	$ 192,446,000		$ 192,446,000