The Cato Corporation (CATO) 10-Q 27 May 21 2021 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	3 Months Ended
	May 01, 2021shares
Class of Stock [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	May 1, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Entity Central Index Key	0000018255
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Current Fiscal Year End Date	--01-29
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 CORPORATION
Common Class A [Member]
Class of Stock [Line Items]
Entity Common Stock Shares Outstanding	20,829,940
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
	May 01, 2021	May 02, 2020
Revenues
Retail sales	$ 211,234,000	$ 98,813,000
Other Revenue (principally finance charges, late fees and layaway charges)	1,851,000	1,919,000
Total revenues	213,085,000	100,732,000
COSTS AND EXPENSES, NET
Cost of goods sold (exclusive of depreciation shown below)	123,675,000	83,597,000
Selling, general and administrative (exclusive of depreciation shown below)	63,237,000	52,511,000
Depreciation	3,042,000	4,006,000
Interest and other income	663,000	1,851,000
Cost and expenses, net	189,291,000	138,263,000
Income before income taxes	23,794,000	(37,531,000)
Income tax expense	3,081,000	(9,114,000)
Net income	$ 20,713,000	$ (28,417,000)
Basic earnings per share	$ 0.92	$ (1.19)
Diluted earnings per share	$ 0.92	(1.19)
Dividends per share		$ 0.33
Comprehensive income
Net income	$ 20,713,000	$ (28,417,000)
Unrealized gain on available-for-sale securities, net of deferred income taxes	(134,000)	(298,000)
Comprehensive Income	$ 20,579,000	$ (28,715,000)

Condensed Consolidated Income_2

Condensed Consolidated Income Statements Of Income and Comprehensive Income (Parenthetical) - USD ($)	3 Months Ended
	May 01, 2021	May 02, 2020
OtherComprehensiveIncomeLossTaxParentheticalDisclosuresAbstract
Tax Effect of Unrealized Gains (Losses) On Available-For-Sale Securities	$ 40,000	$ 90,000

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	May 01, 2021	Jan. 30, 2021
Current Assets:
Cash and cash equivalents	$ 22,276,000	$ 17,510,000
Short-term investments	160,897,000	126,416,000
Restricted Cash	3,513,000	3,512,000
Restricted Short term Investments	405,000	406,000
Accounts receivable, net of allowance for doubtful accounts	55,140,000	52,743,000
Merchandise inventories	84,849,000	84,123,000
Prepaid expenses	5,978,000	5,840,000
Total Current Assets	333,058,000	290,550,000
Property and equipment - net	69,925,000	72,550,000
Noncurrent deferred tax asset	5,726,000	5,685,000
Other assets	23,350,000	22,850,000
Right-of-Use assets - net	185,861,000	199,817,000
Total Assets	617,920,000	591,452,000
Current Liabilities:
Accounts payable	82,262,000	73,769,000
Accrued expenses	44,682,000	40,790,000
Accrued Bonus	14,834,000	1,916,000
Accrued income taxes	2,394,000	2,038,000
Current lease liability	58,385,000	63,421,000
Total Current Liabilities	202,557,000	181,934,000
Other noncurrent liabilities (primarily deferred rent)	20,327,000	19,705,000
Commitments And Contingenciess	133,153,000	143,315,000
Stockholders' Equity:
Preferred stock, $100 par value per share, 100,000 shares authorized, none issued	0	0
Class of Stock [Line Items]
Common stock	762,000	762,000
Additional paid-in capital	115,699,000	115,278,000
Retained earnings	144,401,000	129,303,000
Accumulated other comprehensive income	1,021,000	1,155,000
Total Stockholders' Equity	261,883,000	246,498,000
Liabilities And Stockholders Equity	617,920,000	591,452,000
Common Class A [Member]
Class of Stock [Line Items]
Common stock	703,000	703,000
Common Class B [Member]
Class of Stock [Line Items]
Common stock	$ 59,000	$ 59,000

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($)	May 01, 2021	Jan. 30, 2021
Class of Stock [Line Items]
Allowance For Doubtful Accounts Receivable Current	$ 658,000	$ 605,000
Preferred Stock Par Or Stated Value Per Share	$ 100	$ 100
Preferred Stock Shares Authorized	100,000	100,000
Preferred Stock Shares Issued	0	0
Common Class B [Member]
Class of Stock [Line Items]
Common Stock Shares Authorized	15,000,000	15,000,000
Common Stock Shares Issued	1,763,652	1,763,652
Common Stock Par Or Stated Value Per Share	$ 0.033	$ 0.033
Common Class A [Member]
Class of Stock [Line Items]
Common Stock Shares Authorized	50,000,000	50,000,000
Common Stock Shares Issued	20,829,940	20,839,795
Common Stock Par Or Stated Value Per Share	$ 0.033	$ 0.033

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	May 01, 2021	May 02, 2020
OPERATING ACTIVITIES
Net income	$ 20,713,000	$ (28,417,000)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	3,042,000	4,006,000
Provision For Doubtful Accounts	113,000	28,000
Purchase premium and premium amortization	(1,121,000)	(18,000)
Share Based Compensation	306,000	650,000
Deferred income taxes	(1,000)	313,000
Loss on disposal of property and equipment	58,000	66,000
Impairment of Leasehold	0	(5,270,000)
Changes in operating assets and liabilities which provided (used) cash:
Accounts receivable	(2,510,000)	(4,402,000)
Merchandise inventories	(726,000)	(7,402,000)
Prepaid and other assets	(493,000)	(255,000)
Operating lease right-of-use asstes and liabilities	(1,242,000)	(1,027,000)
Accrued income taxes	356,000	(13,000)
Accounts payable, accrued expenses and other liabilities	26,005,000	(40,134,000)
Net cash provided by operating activities	44,500,000	(71,335,000)
INVESTING ACTIVITIES
Capital expenditures	(554,000)	(5,311,000)
Purchase of short-term investments	(62,075,000)	(8,275,000)
Sales of short-term investments	28,397,000	90,435,000
Proceeds from Sale of Investment Projects	0	(94,000)
Net cash used in investing activities	(34,232,000)	76,943,000
FINANCING ACTIVITIES
Dividends paid	0	(7,990,000)
Repurchase of common stock	(5,629,000)	(9,875,000)
Proceeds from lines of credit	0	34,000,000
Payments to lines of credit	0	4,000,000
Proceeds from employee stock purchase plan	128,000	250,000
Net cash provided used in financing activities	(5,501,000)	12,385,000
Net increase in cash and cash equivalents	4,767,000	17,993,000
Cash, Cash Equivalents and Restricted Cash at Beginning of Period	21,022,000	14,401,000
Cash, Cash Equivalents and Restricted Cash at End of Period	25,789,000	32,394,000
Change in Accrued PPE	$ 263,000	$ 1,936,000

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. 01, 2020	$ 316,514,000	$ 761,000	$ 59,000	$ 110,813,000	$ 203,458,000	$ 1,423,000
Net income	(28,417,000)				(28,417,000)
Accumulated Other Comprehensive Income	298,000					298,000
Dividends	7,990,000				7,990,000
Class A common stock sold through employee stock purchase plan	294,000	1,000		293,000
Class A common stock issued through restricted stock grant plans	$ 605,000	10,000		587,000	8,000
Repurchase of treasury shares	618,056
Retirement of treasury sharess	$ 9,056,000	22,000			9,034,000
Balance at May. 02, 2020	271,652,000	750,000	59,000	111,693,000	158,025,000	1,125,000
Balance at Jan. 30, 2021	246,498,000	703,000	59,000	115,278,000	129,303,000	1,155,000
Net income	20,713,000				20,713,000
Accumulated Other Comprehensive Income	134,000					134,000
Class A common stock sold through employee stock purchase plan	151,000	1,000		150,000
Class A common stock issued through restricted stock grant plans	$ 284,000	13,000		271,000
Repurchase of treasury shares	425,661
Retirement of treasury sharess	$ 5,629,000	14,000			5,615,000
Balance at May. 01, 2021	$ 261,883,000	$ 703,000	$ 59,000	$ 115,699,000	$ 144,401,000	$ 1,021,000

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Parentheticals) - USD ($)	3 Months Ended
	May 01, 2021	May 02, 2020
us-gaap_StatementOfStockholdersEquityAbstract
Tax Effect of Unrealized Gains (Losses) On Available-For-Sale Securities	$ 40,000	$ 90,000
Stock Transactions, Parenthetical Disclosures [Abstract]
Dividends per share		$ 0.33
Class A common stock shares sold through employee stock purchase plans	19,248	26,957
Class A common stock shares issued through restricted stock grant plans	396,558	307,354
Repurchase of treasury shares	425,661	618,056

General - Notes to Financial St

General - Notes to Financial Statements	3 Months Ended
	May 01, 2021
General Dsiclosure [Abstract]
Summary of Significant Account Policies	NOTE 1 - : The condensed ended May Corporation and its In the opinion of management, all adjustments considered necessary for a fair presentation of the financial statements have been noted. The interim financial statements should and notes January 30, 2021. do not include all disclosures required by accounting principles generally America. On May 20, 2021, the Board of Directors declared the quarterly dividend at $0.11 per share. COVID-19 The COVID-19 pandemic adversely results through fiscal 2020. 2020. states continuing level with Company’s sales uncertainty regarding the Company’s customers’ effects of disruption in the global supply chain and available workers as it attempts operating hours related to the adverse financial impacts associated with the continued COVID-19 pandemic include, but or potential demand, labor production and fulfillment, the outbreak, including increased freight and logistics costs and other The extent condition, results of operations, cash flows, and liquidity may due to inherent severity, actions taken economic and operating conditions can resume. While the Company currently anticipates a continuation of the adverse impacts and possibly developments, which are confidence in, mitigation measures and global potential impact on containment and the course and duration of current measures to combat the spread of the virus. Recently In December 2019, Income Taxes Accounting for Income Taxes . The new accounting exceptions to investments, and losses. The new income, transactions financial statements of legal entities that are not subject periods. The 2021 with no material impact on its Condensed Consolidated Financial

Earnings Per Share - Notes to F

Earnings Per Share - Notes to Financial Statements	3 Months Ended
	May 01, 2021
Earnings Per Share Disclosure [Abstract]
Earnings Per Share	NOTE 2 - Accounting Earnings diluted structures. the accompanying While the Company’s certificate of dividends has historically has resolved EPS computation is the applicable Basic EPS is weighted dilution Purchase Three Months Ended May 1, 2021 May 2, 2020 (Dollars in thousands) Numerator Net earnings (loss) $ 20,713 $ (28,417) Earnings (loss) allocated to non-vested equity awards (942) 1,135 Net earnings (loss) available to common stockholders $ 19,771 $ (27,282) Denominator Basic weighted average common shares outstanding 21,489,162 22,959,887 Diluted weighted average common shares outstanding 21,489,162 22,959,887 Net income (loss) per common share Basic earnings (loss) per share $ 0.92 $ (1.19) Diluted earnings (loss) per share $ 0.92 $ (1.19)

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	3 Months Ended
	May 01, 2021
AccumulatedOtherComprehensiveIncomeLossDisclosure[Abstract]
Accumulated Other Comprehensive Income (Loss)	NOTE 3 – The following table sets comprehensive Changes in Accumulated Other Comprehensive Income (a) Unrealized Gains and (Losses) on Available-for-Sale Securities Beginning Balance at January 30, 2021 $ 1,155 (173) 39 Net current-period other comprehensive income (loss) (134) Ending Balance at May 1, 2021 $ 1,021 (a) All amounts are net-of-tax. Amounts in parentheses indicate a debit/reduction to other comprehensive income ("OCI"). (b) Includes $ 51 net gains on available-for-sale securities. The tax impact of this reclassification was $ 12 . The following table sets comprehensive Changes in Accumulated Other Comprehensive Income (a) Unrealized Gains and (Losses) on Available-for-Sale Securities Beginning Balance at February 1, 2020 $ 1,423 (802) 504 Net current-period other comprehensive income (loss) (298) Ending Balance at May 2, 2020 $ 1,125 (a) All amounts are net-of-tax. Amounts in parentheses indicate a debit/reduction to other comprehensive income ("OCI"). (b) Includes $ 655 sale securities. The tax impact of this reclassification was $ 151 .

Financing Arrangements - Notes

Financing Arrangements - Notes to Financial Statements	3 Months Ended
	May 01, 2021
Financing Arrangements [Abstract]
Financing Arrangements	NOTE 4 – FINANCING ARRANGEMENTS: As of May borrow $ 35.0 Company agreement financial outstanding rate under At May 1, 2021 commitments.

Reportable Segment Information

Reportable Segment Information - Notes to Financial Statements	3 Months Ended
	May 01, 2021
Reportable Segment Information [Abstract]
Reportable Segment Information	NOTE 5 – REPORTABLE SEGMENT INFORMATION: The Company has determined Cato, It’s segments: commerce, segments and basic principles of ASC 280 products, The Company’s financial shoes and accessories. the same countries Company’s operating segments is distributed to single distribution The Company principally in the all credit the Company. The following Three Months Ended May 1, 2021 Retail Credit Total Revenues $212,547 $538 $213,085 Depreciation 3,042 - 3,042 Interest and other income (663) - (663) Income (loss) before taxes 23,540 254 23,794 Capital expenditures 554 - 554 Three Months Ended May 2, 2020 Retail Credit Total Revenues $99,890 $842 $100,732 Depreciation 4,006 - 4,006 Interest and other income (1,851) - (1,851) Income (loss) before taxes (37,923) 392 (37,531) Capital expenditures 5,311 - 5,311 Retail Credit Total Total assets as of May 1, 2021 $575,335 $42,585 $617,920 Total assets as of January 30, 2021 549,349 42,103 591,452 The following general The Company evaluates allocate Three Months Ended May 1, 2021 May 2, 2020 Payroll $ 117 $ 152 Postage 78 111 Other expenses 89 187 Total expenses $ 284 $ 450

Stock Based Compensation - Note

Stock Based Compensation - Notes to Financial Statements	3 Months Ended
	May 01, 2021
Disclosure Of Compensation Related Costs Sharebased Payments Abstract
Stock Based Compensation	NOTE 6 – STOCK BASED COMPENSATION: As of May compensation Incentive restricted shares for The following table presents the available 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: - 3,564,915 3,564,915 In accordance with ASC grant based on straight-line basis over $ 14,763,000 10,550,000 , respectively, nonvested restricted stock 3.0 and 2.1 was $ 283,000 606,000 classified as a component of Statements of Income (Loss). The following three months ended May 1, Weighted Average Number of Grant Date Fair Shares Value Restricted stock awards at January 30, 2021 1,023,956 $ 15.33 Granted 406,994 13.48 Vested (175,673) 22.21 Forfeited or expired (10,436) 13.67 Restricted stock awards at May 1, 2021 1,244,841 $ 13.77 The Company’s Employee Stock Purchase Plan number of shares of the Company’s Class 15% discount Company 19,248 26,957 1.17 1.64 respectively, discount 23,000 44,000 three months ended component Income

Fair Value Measurements - Notes

Fair Value Measurements - Notes to Financial Statements	3 Months Ended
	May 01, 2021
Fair Value Measurements [Abstract]
Fair Value Disclosures Text Block	NOTE 7 – The following tables measured Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable May 1, 2021 Assets Inputs Inputs Description Level 1 Level 2 Level 3 Assets: $ 24,490 $ - $ 24,490 $ - 90,093 - 90,093 - 29,120 - 29,120 - 11,585 - - 11,585 15,778 - 15,778 - 846 846 - - 1,821 - 1,821 - Total Assets $ 173,733 $ 846 $ 161,302 $ 11,585 Liabilities: (10,271) - - (10,271) Total Liabilities $ (10,271) $ - $ - $ (10,271) Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable January 30, 2021 Assets Inputs Inputs Description Level 1 Level 2 Level 3 Assets: $ 23,254 $ - $ 23,254 $ - 67,566 - 67,566 - 17,869 - 17,869 - 11,263 - - 11,263 16,064 - 16,064 - 703 703 - - 2,069 - 2,069 - Total Assets $ 138,788 $ 703 $ 126,822 $ 11,263 Liabilities: (10,316) - - (10,316) Total Liabilities $ (10,316) $ - $ - $ (10,316) The Company’s investment governmental and January 30, 2021. from four days 4.5 14 to 2.5 Restricted Consolidated net of taxes in Accumulated of auto loans by static companies. receivables Capital Additionally, 0.8 plan assets of $ 11.6 0.7 deferred 11.3 Condensed Level 1 category securities exchanges management identical information characteristics, Deferred based on the fair value valuation compensation recorded designed The following tables summarize the change in measured Fair Value Measurements Using Significant Unobservable Asset Inputs (Level 3) Cash Surrender Value Beginning Balance at January 30, 2021 $ 11,263 Redemptions - Additions - Total gains or (losses) 322 - Ending Balance at May 1, 2021 $ 11,585 Fair Value Measurements Using Significant Unobservable Liability Inputs (Level 3) Deferred Compensation Beginning Balance at January 30, 2021 $ (10,316) 547 (145) (357) - Ending Balance at May 1, 2021 $ (10,271) Fair Value Measurements Using Significant Unobservable Asset Inputs (Level 3) Cash Surrender Value Beginning Balance at February 1, 2020 $ 10,517 Redemptions - Additions - 746 - Ending Balance at January 30, 2021 $ 11,263 Fair Value Measurements Using Significant Unobservable Liability Inputs (Level 3) Deferred Compensation Beginning Balance at February 1, 2020 $ (10,391) 1,714 (652) (987) - Ending Balance at January 30, 2021 $ (10,316) The presentation in the table above has been revised to reflect current year presentation.

Recent Accounting Pronouncement

Recent Accounting Pronouncements - Notes to Financial Statements	3 Months Ended
	May 01, 2021
Recent Accounting Pronouncements [Abstract]
NewAccountingPronouncementsAndChangesInAccountingPrinciples [TextBlock]	In March 2020 Reference Rate Effects of Referenc . In January 2021, of that guidance accounting rules provide transactions affected by reference before the adoption of disclosures.

Income Tax - Notes to the Finan

Income Tax - Notes to the Financial Statements	3 Months Ended
	May 01, 2021
IncomeTaxDisclosureAbstract
Income Tax Disclosure [Text Block]	NOTE 9 – INCOME TAXES: The Company had 12.9 % (Expense) compared effective tax 24.3 % (Benefit) for tax rate increases in specific to Economic Security Company has recorded $33.0 Accounts receivable in the Condensed Consolidated Balance Sheets.

Income Taxes

Income Taxes	3 Months Ended
	May 01, 2021
IncomeTaxDisclosureAbstract
Income Taxes	NOTE 9 – INCOME TAXES: The Company had 12.9 % (Expense) compared effective tax 24.3 % (Benefit) for tax rate increases in specific to Economic Security Company has recorded $33.0 Accounts receivable in the Condensed Consolidated Balance Sheets.

Commitments and Contingencies -

Commitments and Contingencies - Notes to the Financial Statements	3 Months Ended
	May 01, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	NOTE 10 – COMMITMENTS AND CONTINGENCIES: The Company is, from time to time, involved in routine litigation incidental to the conduct of its business, including litigation litigation instituted by employment matters, including present or former employees. Although such litigation business of litigation could result does not material adverse effect uncertainties involved in such and adversely particular reporting period. The Company accrues for and reasonably estimable.

Revenue Recognition Footnote

Revenue Recognition Footnote	3 Months Ended
	May 01, 2021
RevenueRecognitionAndDeferredRevenueAbstract
Deferred Revenue Disclosure [TextBlock]	NOTE 11 – REVENUE RECOGNITION: The Company merchandise and Cato credit, gift cards possession of the merchandise. customer. Gift cards are recorded are recorded cards do not have expiration volumes and the amounts. A proprietary credit card. transaction are classified and accrued) are classified as Cost of goods sold. The Company offers Company’s wholly- estimated customer credit losses of $ 131,000 69,000 2020, respectively, on 4.4 2.6 million for the periods ended May 1, 2021 and May 2, 2020, respectively. The following customers (in thousands): Balance as of May 1, 2021 January 30, 2021 Proprietary Credit Card Receivables, net $ 9,094 $ 9,606 Gift Card Liability $ 6,832 $ 8,155

Leases - Notes to the Financial

Leases - Notes to the Financial Statements	3 Months Ended
	May 01, 2021
Leases [Abstract]
Operating Lease Dislcosure Leasee [Text Block]	NOTE 12 – LEASES: The Company leases for some of which options to terminate lease term used do not contain any material residual value guarantees or material restrictive As most borrowing rate based on present value of lease payments. The components of lease cost are shown below (in thousands): Three Months Ended May 1, 2021 May 2, 2020 Operating lease cost (a) $ 16,726 $ 16,993 Variable $ 793 $ 80 (a) Includes right-of-use asset amortization of ($1.2) million and May 1, 2021 and May 2, 2020, respectively. (b) Primarily related to monthly percentage rent for stores not presented on the balance sheet. Supplemental cash flow information as follows (in thousands): Operating cash flow information: Three Months Ended May 1, 2021 May 2, 2020 Cash paid for amounts included in the measurement of lease liabilities $ 15,947 $ 15,499 Non-cash activity: Right-of-use assets obtained in exchange for lease obligations $ 734 $ 28,197 Weighted-average remaining follows: As of May 1, 2021 May 2, 2020 Weighted-average remaining lease term 2.7 years 3.2 years Weighted-average discount rate 3.73% 4.36% the maturities of lease liabilities by fiscal year for the Company’s operating leases as follows (in thousands): Fiscal Year 2021 (a) $ 51,803 2022 48,971 2023 36,102 2024 22,731 2025 13,915 Thereafter 36,870 Total lease payments 210,392 Less: Imputed interest 18,854 Present value of lease liabilities $ 191,538 (a) Excluding the 3 months ended May 1, 2021.

Earnings Per Share - (Tables)

Earnings Per Share - (Tables)	3 Months Ended
	May 01, 2021
Earnings Per Share Disclosure [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended May 1, 2021 May 2, 2020 (Dollars in thousands) Numerator Net earnings (loss) $ 20,713 $ (28,417) Earnings (loss) allocated to non-vested equity awards (942) 1,135 Net earnings (loss) available to common stockholders $ 19,771 $ (27,282) Denominator Basic weighted average common shares outstanding 21,489,162 22,959,887 Diluted weighted average common shares outstanding 21,489,162 22,959,887 Net income (loss) per common share Basic earnings (loss) per share $ 0.92 $ (1.19) Diluted earnings (loss) per share $ 0.92 $ (1.19)

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	May 01, 2021
AccumulatedOtherComprehensiveIncomeLossDisclosure[Abstract]
Schedule Of Accumulated Other Comprehensive Income Loss Table Text Block	Changes in Accumulated Other Comprehensive Income (a) Unrealized Gains and (Losses) on Available-for-Sale Securities Beginning Balance at January 30, 2021 $ 1,155 (173) 39 Net current-period other comprehensive income (loss) (134) Ending Balance at May 1, 2021 $ 1,021 (a) All amounts are net-of-tax. Amounts in parentheses indicate a debit/reduction to other comprehensive income ("OCI"). (b) Includes $ 51 net gains on available-for-sale securities. The tax impact of this reclassification was $ 12 . Changes in Accumulated Other Comprehensive Income (a) Unrealized Gains and (Losses) on Available-for-Sale Securities Beginning Balance at February 1, 2020 $ 1,423 (802) 504 Net current-period other comprehensive income (loss) (298) Ending Balance at May 2, 2020 $ 1,125 (a) All amounts are net-of-tax. Amounts in parentheses indicate a debit/reduction to other comprehensive income ("OCI"). (b) Includes $ 655 sale securities. The tax impact of this reclassification was $ 151 .

Reportable Segment Informatio_2

Reportable Segment Information - (Tables)	3 Months Ended
	May 01, 2021
Reportable Segment Information [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended May 1, 2021 Retail Credit Total Revenues $212,547 $538 $213,085 Depreciation 3,042 - 3,042 Interest and other income (663) - (663) Income (loss) before taxes 23,540 254 23,794 Capital expenditures 554 - 554 Three Months Ended May 2, 2020 Retail Credit Total Revenues $99,890 $842 $100,732 Depreciation 4,006 - 4,006 Interest and other income (1,851) - (1,851) Income (loss) before taxes (37,923) 392 (37,531) Capital expenditures 5,311 - 5,311 Retail Credit Total Total assets as of May 1, 2021 $575,335 $42,585 $617,920 Total assets as of January 30, 2021 549,349 42,103 591,452 Three Months Ended May 1, 2021 May 2, 2020 Payroll $ 117 $ 152 Postage 78 111 Other expenses 89 187 Total expenses $ 284 $ 450

Stock Based Compensation - Plan

Stock Based Compensation - Plans (Tables)	3 Months Ended
	May 01, 2021
Disclosure Of Compensation Related Costs Sharebased Payments Abstract
Stock Based Compensation Plans	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: - 3,564,915 3,564,915

Sechedule Of Restricted Stock O

Sechedule Of Restricted Stock Outstanding - (Tables)	3 Months Ended
	May 01, 2021
Disclosure Of Compensation Related Costs Sharebased Payments Abstract
Schedule Of Changes In Restricted Stock Outstanding	Weighted Average Number of Grant Date Fair Shares Value Restricted stock awards at January 30, 2021 1,023,956 $ 15.33 Granted 406,994 13.48 Vested (175,673) 22.21 Forfeited or expired (10,436) 13.67 Restricted stock awards at May 1, 2021 1,244,841 $ 13.77

Fair Value Measurements - Asset

Fair Value Measurements - Assets at Fairvalue - (Tables)	3 Months Ended
	May 01, 2021
Fair Value Measurements [Abstract]
Fair Value Disclosures	Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable May 1, 2021 Assets Inputs Inputs Description Level 1 Level 2 Level 3 Assets: $ 24,490 $ - $ 24,490 $ - 90,093 - 90,093 - 29,120 - 29,120 - 11,585 - - 11,585 15,778 - 15,778 - 846 846 - - 1,821 - 1,821 - Total Assets $ 173,733 $ 846 $ 161,302 $ 11,585 Liabilities: (10,271) - - (10,271) Total Liabilities $ (10,271) $ - $ - $ (10,271) Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable January 30, 2021 Assets Inputs Inputs Description Level 1 Level 2 Level 3 Assets: $ 23,254 $ - $ 23,254 $ - 67,566 - 67,566 - 17,869 - 17,869 - 11,263 - - 11,263 16,064 - 16,064 - 703 703 - - 2,069 - 2,069 - Total Assets $ 138,788 $ 703 $ 126,822 $ 11,263 Liabilities: (10,316) - - (10,316) Total Liabilities $ (10,316) $ - $ - $ (10,316)

Fair Value Measurments - Level

Fair Value Measurments - Level 3 Roll (Tables)	3 Months Ended
	May 01, 2021
Fair Value Measurements [Abstract]
Level 3 Reconciliation	Fair Value Measurements Using Significant Unobservable Asset Inputs (Level 3) Cash Surrender Value Beginning Balance at January 30, 2021 $ 11,263 Redemptions - Additions - Total gains or (losses) 322 - Ending Balance at May 1, 2021 $ 11,585 Fair Value Measurements Using Significant Unobservable Liability Inputs (Level 3) Deferred Compensation Beginning Balance at January 30, 2021 $ (10,316) 547 (145) (357) - Ending Balance at May 1, 2021 $ (10,271) Fair Value Measurements Using Significant Unobservable Asset Inputs (Level 3) Cash Surrender Value Beginning Balance at February 1, 2020 $ 10,517 Redemptions - Additions - 746 - Ending Balance at January 30, 2021 $ 11,263 Fair Value Measurements Using Significant Unobservable Liability Inputs (Level 3) Deferred Compensation Beginning Balance at February 1, 2020 $ (10,391) 1,714 (652) (987) - Ending Balance at January 30, 2021 $ (10,316) The presentation in the table above has been revised to reflect current year presentation.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	May 01, 2021
RevenueRecognitionAndDeferredRevenueAbstract
ContractWithCustomerAssetAndLiabilityTableTextBlock	Balance as of May 1, 2021 January 30, 2021 Proprietary Credit Card Receivables, net $ 9,094 $ 9,606 Gift Card Liability $ 6,832 $ 8,155

Leases - (Tables)

Leases - (Tables)	3 Months Ended
	May 01, 2021
Leases [Abstract]
Lease, Cost [Table Text Block]	Three Months Ended May 1, 2021 May 2, 2020 Operating lease cost (a) $ 16,726 $ 16,993 Variable $ 793 $ 80 (a) Includes right-of-use asset amortization of ($1.2) million and May 1, 2021 and May 2, 2020, respectively. (b) Primarily related to monthly percentage rent for stores not presented on the balance sheet.
Lessee Operating Leases Supplemental Cash Flow Information and Noncash Activity Table [Table Text Block]	Operating cash flow information: Three Months Ended May 1, 2021 May 2, 2020 Cash paid for amounts included in the measurement of lease liabilities $ 15,947 $ 15,499 Non-cash activity: Right-of-use assets obtained in exchange for lease obligations $ 734 $ 28,197
Lessee Operating Lease Weighted Averages Table [Table Text Block] showing weighted average remaining lease term and weighted average discount rate	As of May 1, 2021 May 2, 2020 Weighted-average remaining lease term 2.7 years 3.2 years Weighted-average discount rate 3.73% 4.36%
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Fiscal Year 2021 (a) $ 51,803 2022 48,971 2023 36,102 2024 22,731 2025 13,915 Thereafter 36,870 Total lease payments 210,392 Less: Imputed interest 18,854 Present value of lease liabilities $ 191,538 (a) Excluding the 3 months ended May 1, 2021.

General - Notes to Financial _2

General - Notes to Financial Statements - (Details) - USD ($)	3 Months Ended
	May 01, 2021	May 02, 2020
General Dsiclosure [Abstract]
Quarterly Declared Dividend		$ 0.33
Repurchase of common stock	$ 5,629,000	$ 9,875,000
Net income	20,713,000	(28,417,000)
Dividends paid	$ 0	$ 7,990,000

Earnings Per Share - (Details)

Earnings Per Share - (Details) - USD ($)	3 Months Ended
	May 01, 2021	May 02, 2020
Earnings Per Share Disclosure [Abstract]
Net income	$ 20,713,000	$ (28,417,000)
Earnings Allocated to Non-Vesting Equity Awards	(942,000)	1,135,000
Net Income (Loss) Available to Common Stockholders	$ 19,771,000	$ (27,282,000)
Basic Weighted-Average common shares outstanding	21,489,162	22,959,887
Dilluted Weighted Average Common Shares Outstanding	21,489,162	22,959,887
Basic earnings per share	$ 0.92	$ (1.19)
Diluted earnings per share	$ 0.92	$ (1.19)

Changes in Accumulated Other _2

Changes in Accumulated Other Comprehensive Income (Details) - USD ($)	3 Months Ended
	May 01, 2021	May 02, 2020
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance Accumulated other comprehensive income, net of tax	$ 1,155,000	$ 1,423,000
Other Comprehensive Income Loss Before Reclassifications Net Of Tax	(173,000)	(802,000)
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax	39,000	504,000
Unrealized gain on available-for-sale securities, net of deferred income taxes	(134,000)	(298,000)
Ending Balance Accumulated other comprehensive income, net of tax	1,021,000	1,125,000
ChangeInUnrealizedGainsOnAvailableForSaleSecuritiesMember [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance Accumulated other comprehensive income, net of tax	1,155,000
Unrealized gain on available-for-sale securities, net of deferred income taxes	(134,000)	$ (298,000)
Ending Balance Accumulated other comprehensive income, net of tax	$ 1,021,000

Changes in Accumulated Other _3

Changes in Accumulated Other Comprehensive Income Components - (Details) - USD ($)	3 Months Ended
	May 01, 2021	May 02, 2020
ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems
Income Tax Benefit (Expense)	$ 3,081,000	$ (9,114,000)
Reclassified Accumulated Unrealized Gains and Losses
ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems
Interest and Other Income	51,000	655,000
Income Tax Benefit (Expense)	$ 12,000	$ 151,000

Financing Arrangements - (Detai

Financing Arrangements - (Details)	May 01, 2021USD ($)
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
	May 01, 2021	May 02, 2020	May 05, 2018	Jan. 30, 2021
Segment Reporting Information [Line Items]
Total revenues	$ 213,085,000	$ 100,732,000
Depreciation	3,042,000	4,006,000
Interest and other income	663,000	1,851,000
Total Assets	617,920,000			$ 591,452,000
Capital expenditures	554,000	5,311,000
Income Before Taxes	23,794,000	(37,531,000)
ReportableSegmentsMemberRetail [Member]
Segment Reporting Information [Line Items]
Total revenues	212,547,000	99,890,000
Depreciation	3,042,000	4,006,000	$ 4,006,000
Interest and other income	663,000	1,851,000
Total Assets	575,335,000			549,349,000
Capital expenditures	554,000	5,311,000
Income Before Taxes	23,540,000	(37,923,000)	(37,923,000)
ReportableSegmentsMemberCredit [Member]
Segment Reporting Information [Line Items]
Total revenues	538,000	842,000
Depreciation	0	0	0
Interest and other income	0	0
Total Assets	42,585,000			$ 42,103,000
Capital expenditures	0	0
Income Before Taxes	$ 254,000	$ 392,000	$ 392,000

Direct Expenses of Credit Segme

Direct Expenses of Credit Segment in SGA - (Details) - ReportableSegmentsMemberCredit [Member] - USD ($)	3 Months Ended
	May 01, 2021	May 02, 2020
Segment Reporting Information [Line Items]
Labor and Related Expense	$ 117,000	$ 152,000
Postage Expense	78,000	111,000
Other Expenses	89,000	187,000
Total Credit Expenses	$ 284,000	$ 450,000

Stock Based Compensation - Pl_2

Stock Based Compensation - Plans - (Details)	May 01, 2021shares
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	3,564,915
2013 Plan
Authorized And Available For Grant [Line Items]
Options And/Or Restrcited Stock Initially Authorized	1,500,000
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	3,564,915

Sechedule Of Restricted Stock_2

Sechedule Of Restricted Stock Outstanding - (Details) - 2004 Plan - Restricted Stock - Class A Common Stock	3 Months Ended
	May 01, 2021$ / sharesshares
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested [Roll Forward]
Restricted Stock Awards Beginning Balance | shares	1,023,956
Restricted Stock Awards Granted | shares	406,994
Restricted Stock Awards Vested | shares	175,673
Restricted Stock Awards Foreited | shares	10,436
Restricted Stock Awards Ending Balance | shares	1,244,841
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	$ 15.33
Granted Restricted Stock Awards Weighted Average Grant Date Fair Value Per Share | $ / shares	13.48
Vested Restricted Stock Awards Weighted Average Grant Date Fair Value Per Share | $ / shares	22.21
Forfeited Restricted Stock Awards Weighted Average Grant Date Fair Value Per Share | $ / shares	13.67
Restricted Stock Awards Weighted Average Grant Date Fair Value Per Share - Ending Balance | $ / shares	$ 13.77

Stock Based Compensation Additi

Stock Based Compensation Additional - (Details) - Class A Common Stock - USD ($)	3 Months Ended		12 Months Ended
	May 01, 2021	May 02, 2020	Jan. 30, 2021
Restricted Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized Compensation Expense	$ 14,763,000		$ 10,550,000
Remaining Weighted-Average Vesting Period	3 years		2 years 1 month 6 days
Compensation Expense	$ 283,000	$ 606,000
Employee Stock Purchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares Sold	19,248	26,957
Compensation Expense	$ 23,000	$ 44,000
Employee Stock Purchase Plan Share Purchase Discount	$ 1.17	$ 1.64

Fair Value Measurements - Ass_2

Fair Value Measurements - Assets at Fairvalue - (Details) - USD ($)	May 01, 2021	Jan. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Financial Assets At Fair Value	$ 173,733,000	$ 138,788,000
Deferred Compensation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Liabilities, Fair Value Disclosure	10,271,000
Total Financial Liabilities At Fair Value	(10,271,000)
Deferred Compensation | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Liabilities, Fair Value Disclosure		10,316,000
Total Financial Liabilities At Fair Value		(10,316,000)
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Financial Assets At Fair Value	846,000	703,000
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Financial Assets At Fair Value	161,302,000	126,822,000
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Financial Assets At Fair Value	11,585,000	11,263,000
Level 3 | Deferred Compensation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Liabilities, Fair Value Disclosure	10,271,000	10,316,000
Total Financial Liabilities At Fair Value	(10,271,000)	(10,316,000)
State/Municipal Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	$ 24,490,000	23,254,000
State/Municipal Bonds | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale, Term	4 days
State/Municipal Bonds | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale, Term	4 years 6 months
State/Municipal Bonds | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	$ 24,490,000	23,254,000
Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	90,093,000	67,566,000
Corporate Bonds | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	90,093,000	67,566,000
US Treasury Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	$ 29,120,000	17,869,000
US Treasury Notes | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale, Term	14 days
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 6 months
US Treasury Notes | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	$ 29,120,000	17,869,000
Corporate Equities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	846,000	703,000
Corporate Equities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	846,000	703,000
Certificates of Deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	1,821,000	2,069,000
Certificates of Deposit | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	1,821,000	2,069,000
Asset Backed Securities (ABS)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	15,778,000	16,064,000
Asset Backed Securities (ABS) | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	15,778,000	16,064,000
Cash Surrender Value - Life Insurance
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Surrender Value, Fair Value Disclosure	11,585,000	11,263,000
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	$ 11,585,000	$ 11,263,000

Fair Value Measurements - Level

Fair Value Measurements - Level 3 Roll - (Details) - USD ($)	3 Months Ended	12 Months Ended
	May 01, 2021	Jan. 30, 2021
Deferred Compensation
FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems
Begining Balance	$ 10,316,000	$ 10,391,000
Redemptions	(547,000)	(1,714,000)
Additions	(145,000)	(652,000)
Losses (Gains) Included In Earnings	357,000	987,000
Ending Balance	10,271,000	10,316,000
Cash Surrender Value - Life Insurance
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	11,263,000	10,517,000
Gains (Losses) Included in Earnings	(322,000)	(746,000)
Ending Balance	$ 11,585,000	$ 11,263,000

Income Tax (Details)

Income Tax (Details)	3 Months Ended
	May 01, 2021	May 02, 2020
IncomeTaxDisclosureAbstract
Effective Income Tax Rate	12.90%	24.30%

Effective Tax Rate (Details)

Effective Tax Rate (Details)	3 Months Ended
	May 01, 2021	May 02, 2020
EffectiveIncomeTaxRateContinuingOperationsTaxRateReconciliationAbstract
Effective Income Tax Rate	12.90%	24.30%

Revenue Recognition Disclosure

Revenue Recognition Disclosure Table - (Details) - USD ($)	May 01, 2021	Jan. 30, 2021
RevenueRecognitionAndDeferredRevenueAbstract
Proprietary Credit Card Receivables Net	$ 9,094,000	$ 9,606,000
Gift Card Liability	$ 6,832,000	$ 8,155,000

Revenue Recognition Cato Credit

Revenue Recognition Cato Credit Card - (Details) - USD ($)	3 Months Ended
	May 01, 2021	May 02, 2020
RevenueRecognitionAndDeferredRevenueAbstract
Proprietary Credit Card Uncollectable amounts	$ 131,000	$ 69,000
Proprietary Credit Card Sales	$ 4,400,000	$ 2,600,000

Leases - (Details)

Leases - (Details) - USD ($)	3 Months Ended
	May 01, 2021	May 02, 2020
Leases [Abstract]
Operating Lease, Weighted Average Discount Rate, Percent	3.73%	4.36%
Operating Lease, Expense	$ 16,726,000	$ 16,993,000
Variable Lease, Cost	793,000	80,000
Operating Lease, Payments	15,947,000	15,499,000
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	734,000	$ 28,197,000
Operating Leases, Future Minimum Payments Due, Next Twelve Months	51,803,000
Operating Leases, Future Minimum Payments, Due in Two Years	48,971,000
Operating Leases, Future Minimum Payments, Due in Three Years	36,102,000
Operating Leases, Future Minimum Payments, Due in Four Years	22,731,000
Operating Leases, Future Minimum Payments, Due In Five Years	13,915,000
Operating Leases, Future Minimum Payments, Due Thereafter	36,870,000
Operating Leases, Future Minimum Payments Due	210,392,000
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	(18,854,000)
Operating Lease, Liability	$ 191,538,000