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 |