The Cato Corporation (CATO) 10-Q 26 May 22 2022 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	3 Months Ended
	Apr. 30, 2022shares
Class of Stock [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 30, 2022
Document Fiscal Year Focus	2022
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	19,223,633
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
	Apr. 30, 2022	May 01, 2021
Revenues
Retail sales	$ 204,933,000	$ 211,234,000
Other Revenue (principally finance charges, late fees and layaway charges)	1,788,000	1,851,000
Total revenues	206,721,000	213,085,000
COSTS AND EXPENSES, NET
Cost of goods sold (exclusive of depreciation shown below)	132,243,000	123,675,000
Selling, general and administrative (exclusive of depreciation shown below)	60,441,000	63,237,000
Depreciation	2,743,000	3,042,000
Interest and other income	403,000	663,000
Cost and expenses, net	195,024,000	189,291,000
Income before income taxes	11,697,000	23,794,000
Income tax expense	1,949,000	3,081,000
Net income	$ 9,748,000	$ 20,713,000
Basic earnings per share	$ 0.46	$ 0.92
Diluted earnings per share	0.46	$ 0.92
Dividends per share	$ 0.17
Comprehensive income
Net income	$ 9,748,000	$ 20,713,000
Unrealized gain on available-for-sale securities, net of deferred income taxes	(1,206,000)	(134,000)
Comprehensive Income	$ 8,542,000	$ 20,579,000

Condensed Consolidated Income_2

Condensed Consolidated Income Statements Of Income and Comprehensive Income (Parenthetical) - USD ($)	3 Months Ended
	Apr. 30, 2022	May 01, 2021
OtherComprehensiveIncomeLossTaxParentheticalDisclosuresAbstract
Tax Effect of Unrealized Gains (Losses) On Available-For-Sale Securities	$ 362,000	$ 40,000

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Apr. 30, 2022	Jan. 29, 2022
Current Assets:
Cash and cash equivalents	$ 25,881,000	$ 19,759,000
Short-term investments	120,021,000	145,998,000
Restricted Cash	3,920,000	3,919,000
Restricted Short term Investments	0	0
Accounts receivable, net of allowance for doubtful accounts	60,121,000	55,812,000
Merchandise inventories	127,576,000	124,907,000
Prepaid expenses	6,029,000	5,273,000
Total Current Assets	343,548,000	355,668,000
Property and equipment - net	67,079,000	63,083,000
Noncurrent deferred tax asset	9,674,000	9,313,000
Other assets	23,192,000	24,437,000
Right-of-Use assets - net	168,537,000	181,265,000
Total Assets	612,030,000	633,766,000
Current Liabilities:
Accounts payable	106,229,000	109,546,000
Accrued expenses	45,377,000	40,373,000
Accrued Bonus	18,901,000	26,488,000
Accrued income taxes	2,062,000	920,000
Current lease liability	63,175,000	66,808,000
Total Current Liabilities	235,744,000	244,135,000
Other noncurrent liabilities (primarily deferred rent)	17,797,000	17,914,000
Commitments And Contingenciess	107,837,000	117,521,000
Stockholders' Equity:
Preferred stock, $100 par value per share, 100,000 shares authorized, none issued	0	0
Class of Stock [Line Items]
Common stock	708,000	728,000
Additional paid-in capital	120,249,000	119,540,000
Retained earnings	131,181,000	134,208,000
Accumulated other comprehensive income	(1,486,000)	(280,000)
Total Stockholders' Equity	250,652,000	254,196,000
Liabilities And Stockholders Equity	612,030,000	633,766,000
Common Class A [Member]
Class of Stock [Line Items]
Common stock	649,000	669,000
Common Class B [Member]
Class of Stock [Line Items]
Common stock	$ 59,000	$ 59,000

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($)	Apr. 30, 2022	Jan. 29, 2022
Class of Stock [Line Items]
Allowance For Doubtful Accounts Receivable Current	$ 801,000	$ 803,000
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	19,223,633	19,824,093
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
	Apr. 30, 2022	May 01, 2021
OPERATING ACTIVITIES
Net income	$ 9,748,000	$ 20,713,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	2,743,000	3,042,000
Provision For Doubtful Accounts	72,000	113,000
Purchase premium and premium amortization	388,000	(1,121,000)
Share Based Compensation	624,000	306,000
Deferred income taxes	0	(1,000)
Loss on disposal of property and equipment	16,000	58,000
Impairment of Leasehold	0	0
Changes in operating assets and liabilities which provided (used) cash:
Accounts receivable	(4,382,000)	(2,510,000)
Merchandise inventories	(2,669,000)	(726,000)
Prepaid and other assets	474,000	(493,000)
Operating lease right-of-use asstes and liabilities	590,000	1,242,000
Accrued income taxes	1,142,000	356,000
Accounts payable, accrued expenses and other liabilities	(8,331,000)	26,005,000
Net cash provided by operating activities	(765,000)	44,500,000
INVESTING ACTIVITIES
Capital expenditures	(4,440,000)	(554,000)
Purchase of short-term investments	(1,529,000)	(62,075,000)
Sales of short-term investments	25,566,000	28,397,000
Sales of other assets	0	0
Net cash used in investing activities	19,597,000	(34,232,000)
FINANCING ACTIVITIES
Dividends paid	(3,638,000)	0
Repurchase of common stock	(9,162,000)	(5,629,000)
Proceeds from lines of credit	0	0
Payments to lines of credit	0	0
Proceeds from employee stock purchase plan	91,000	128,000
Net cash provided used in financing activities	(12,709,000)	(5,501,000)
Net increase in cash and cash equivalents	6,123,000	4,767,000
Cash, Cash Equivalents and Restricted Cash at Beginning of Period	23,678,000	21,022,000
Cash, Cash Equivalents and Restricted Cash at End of Period	29,801,000	25,789,000
Change in Accrued PPE	$ 2,971,000	$ 263,000

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity - USD ($)	Total	Common Stock Including Additional Paid in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Balance at Jan. 30, 2021	$ 246,498,000	$ 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
Dividends	0		0
Class A common stock sold through employee stock purchase plan	151,000	150,000
Class A common stock issued through restricted stock grant plans	$ 284,000	271,000	0
Repurchase of treasury shares	425,661
Retirement of treasury sharess	$ (5,629,000)		(5,615,000)
Balance at May. 01, 2021	261,883,000	115,699,000	144,401,000	1,021,000
Balance at Jan. 29, 2022	254,196,000	119,540,000	134,208,000	(280,000)
Net income	9,748,000		9,748,000
Accumulated Other Comprehensive Income	1,206,000			1,206,000
Class A common stock sold through employee stock purchase plan	111,000	111,000
Class A common stock issued through restricted stock grant plans	$ 603,000	598,000
Repurchase of treasury shares	609,928
Retirement of treasury sharess	$ (9,162,000)		(9,142,000)
Balance at Apr. 30, 2022	$ 250,652,000	$ 120,249,000	$ 131,181,000	$ (1,486,000)

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Parentheticals) - USD ($)	3 Months Ended
	Apr. 30, 2022	May 01, 2021
us-gaap_StatementOfStockholdersEquityAbstract
Tax Effect of Unrealized Gains (Losses) On Available-For-Sale Securities	$ 362,000	$ 40,000
Stock Transactions, Parenthetical Disclosures [Abstract]
Dividends per share	$ 0.17
Class A common stock shares sold through employee stock purchase plans	9,468	19,248
Class A common stock shares issued through restricted stock grant plans		396,558
Repurchase of treasury shares	609,928	425,661

General - Notes to Financial St

General - Notes to Financial Statements	3 Months Ended
	Apr. 30, 2022
General Dsiclosure [Abstract]
Summary of Significant Account Policies	NOTE 1 : The condensed ended Corporation and In the opinion of management, all adjustments considered necessary for a fair presentation of the financial statements noted. The interim financial and January 29, 2022. do not include all disclosures required by America. As Ownership Consolidated Balance Sheets. Subsequent to included in Accounts receivable. The Company anticipates that the remaining balance will the end of the second quarter of fiscal 2022. On May 19, 2022, the Board of Directors declared the quarterly dividend

Earnings Per Share - Notes to F

Earnings Per Share - Notes to Financial Statements	3 Months Ended
	Apr. 30, 2022
Earnings Per Share Disclosure [Abstract]
Earnings Per Share	NOTE 2 Accounting Earnings diluted Earnings structures. the accompanying Condensed Company’s certificate Class historically resolved computation to both Basic EPS weighted average number dilution that Purchase Three Months Ended April 30, 2022 May 1, 2021 (Dollars in thousands) Numerator Net earnings $ 9,748 $ 20,713 Earnings allocated to non-vested equity awards (541) (942) Net earnings available to common stockholders $ 9,207 $ 19,771 Denominator Basic weighted average common shares outstanding 20,149,201 21,489,162 Diluted weighted average common shares outstanding 20,149,201 21,489,162 Net income per common share Basic earnings per share $ 0.46 $ 0.92 Diluted earnings per share $ 0.46 $ 0.92

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	3 Months Ended
	Apr. 30, 2022
AccumulatedOtherComprehensiveIncomeLossDisclosure[Abstract]
Accumulated Other Comprehensive Income (Loss)	NOTE 3 The comprehensive Changes in Accumulated Other Comprehensive Income (a) Unrealized Gains and (Losses) on Available-for-Sale Securities Beginning Balance at January 29, 2022 $ (280) (1,203) (3) Net current-period other comprehensive income (loss) (1,206) Ending Balance at April 30, 2022 $ (1,486) (a) All amounts are net-of-tax. Amounts in parentheses indicate a debit/reduction to other comprehensive income ("OCI"). (b) Includes $ 4 income for net gains on available-for-sale securities. The tax impact of this reclassification was $ 1 . The 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 income for net gains on available-for-sale securities. The tax impact of this reclassification was $ 12 .

Financing Arrangements - Notes

Financing Arrangements - Notes to Financial Statements	3 Months Ended
	Apr. 30, 2022
Financing Arrangements [Abstract]
Financing Arrangements	NOTE 4 – FINANCING ARRANGEMENTS:

Reportable Segment Information

Reportable Segment Information - Notes to Financial Statements	3 Months Ended
	Apr. 30, 2022
Reportable Segment Information [Abstract]
Reportable Segment Information	NOTE 5 – REPORTABLE SEGMENT INFORMATION: The Company has determined that it has four operating Cato, segments: Retail commerce, segments may be aggregated and basic principles of products, The financial and competitive risks. shoes and accessories. the same countries and some of the same vendors, Company’s operating segments single The principally in all credit authorizations, the Company. The following Three Months Ended April 30, 2022 Retail Credit Total Revenues $206,208 $513 $206,721 Depreciation 2,743 - 2,743 Interest and other income (403) - (403) Income before taxes 11,613 84 11,697 Capital expenditures 4,440 - 4,440 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 before taxes 23,540 254 23,794 Capital expenditures 554 - 554 Retail Credit Total Total assets as of April 30, 2022 $574,601 $37,429 $612,030 Total assets as of January 29, 2022 595,487 38,279 633,766 The following general The allocate Three Months Ended April 30, 2022 May 1, 2021 Payroll $ 137 $ 117 Postage 93 78 Other expenses 199 89 Total expenses $ 429 $ 284

Stock Based Compensation - Note

Stock Based Compensation - Notes to Financial Statements	3 Months Ended
	Apr. 30, 2022
Disclosure Of Compensation Related Costs Sharebased Payments Abstract
Stock Based Compensation	NOTE 6 – STOCK BASED COMPENSATION: As of compensation was Incentive restricted shares The following table 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: - 3,580,471 3,580,471 In accordance grant based straight-line basis over $ 9,868,000 11,096,000 , unvested restricted stock awards, which had a remaining weighted-average 2.4 2.3 was 603,000 283,000 classified as a component Statements of Income. The following summary three months ended April Weighted Average Number of Grant Date Fair Shares Value Restricted stock awards at January 29, 2022 1,196,288 $ 13.76 Granted - - Vested - - Forfeited or expired - - Restricted stock awards at April 30, 2022 1,196,288 $ 13.76 The Company’s number of shares of 15% discount through the Company 9,468 19,248 2.21 1.17 respectively, under the Employee Stock Purchase discount given under 21,000 23,000 three component of Income.

Fair Value Measurements - Notes

Fair Value Measurements - Notes to Financial Statements	3 Months Ended
	Apr. 30, 2022
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 April 30, 2022 Assets Inputs Inputs Description Level 1 Level 2 Level 3 Assets: $ 28,514 $ - $ 28,514 $ - 56,515 - 56,515 - 21,112 - 21,112 - 11,033 - - 11,033 13,512 - 13,512 - 803 803 - - 367 - 367 - Total Assets $ 131,856 $ 803 $ 120,020 $ 11,033 Liabilities: (9,272) - - (9,272) Total Liabilities $ (9,272) $ - $ - $ (9,272) Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable January 29, 2022 Assets Inputs Inputs Description Level 1 Level 2 Level 3 Assets: $ 30,451 $ - $ 30,451 $ - 76,909 - 76,909 - 19,715 - 19,715 - 11,472 - - 11,472 18,556 - 18,556 - 818 818 - - 367 - 367 - Total Assets $ 158,288 $ 818 $ 145,998 $ 11,472 Liabilities: (10,020) - - (10,020) Total Liabilities $ (10,020) $ - $ - $ (10,020) The Company’s investment governmental debt securities 2022 and range from one day to 4.6 years. The U.S. Treasury Notes days investments, These assets are carried at fair value with unrealized other comprehensive cards that carry AAA ratings. that were card asset-backed securities holders Additionally, 0.8 compensation 11.0 0.8 equities 11.5 assets Level 1 category securities include corporate and exchanges for identical instruments. management with identical assets information characteristics, Deferred compensation based on the fair value valuation hierarchy. The compensation recorded in designed The following tables measured Fair Value Measurements Using Significant Unobservable Asset Inputs (Level 3) Cash Surrender Value Beginning Balance at January 29, 2022 $ 11,472 Redemptions - Additions - Total gains or (losses) (439) - Ending Balance at April 30, 2022 $ 11,033 Fair Value Measurements Using Significant Unobservable Liability Inputs (Level 3) Deferred Compensation Beginning Balance at January 29, 2022 $ (10,020) 489 (149) 408 - Ending Balance at April 30, 2022 $ (9,272) Fair Value Measurements Using Significant Unobservable Asset Inputs (Level 3) Cash Surrender Value Beginning Balance at January 30, 2021 $ 11,263 Redemptions - Additions - 209 - Ending Balance at January 29, 2022 $ 11,472 Fair Value Measurements Using Significant Unobservable Liability Inputs (Level 3) Deferred Compensation Beginning Balance at January 30, 2021 $ (10,316) 1,010 (304) (410) - Ending Balance at January 29, 2022 $ (10,020)

Recent Accounting Pronouncement

Recent Accounting Pronouncements - Notes to Financial Statements	3 Months Ended
	Apr. 30, 2022
Recent Accounting Pronouncements [Abstract]
NewAccountingPronouncementsAndChangesInAccountingPrinciples [TextBlock]	None.

Income Tax - Notes to the Finan

Income Tax - Notes to the Financial Statements	3 Months Ended
	Apr. 30, 2022
IncomeTaxDisclosureAbstract
Income Tax Disclosure [Text Block]	NOTE 9 – INCOME TAXES: The Company had an effective tax rate for the 16.7 % compared to an effective tax rate of 12.9 % for the first quarter of 2021. The increase in the 2022 first quarter tax to

Income Taxes

Income Taxes	3 Months Ended
	Apr. 30, 2022
IncomeTaxDisclosureAbstract
Income Taxes	NOTE 9 – INCOME TAXES: The Company had an effective tax rate for the 16.7 % compared to an effective tax rate of 12.9 % for the first quarter of 2021. The increase in the 2022 first quarter tax to

Commitments and Contingencies -

Commitments and Contingencies - Notes to the Financial Statements	3 Months Ended
	Apr. 30, 2022
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 instituted employment present or former employees. Although such business litigation could does material adverse uncertainties involved in and particular reporting period. The Company accrues for and reasonably estimable.

Revenue Recognition Footnote

Revenue Recognition Footnote	3 Months Ended
	Apr. 30, 2022
RevenueRecognitionAndDeferredRevenueAbstract
Deferred Revenue Disclosure [TextBlock]	NOTE 11 – REVENUE RECOGNITION: The merchandise Cato possession of customer. Gift cards are cards do not have volumes amounts. proprietary transaction are and accrued) are classified as Cost of goods sold. The Company Company’s estimated customer credit 86,000 131,000 1, 5.7 $ 4.4 The customers (in thousands): Balance as of April 30, 2022 January 29, 2022 Proprietary Credit Card Receivables, net $ 9,522 $ 8,998 Gift Card Liability $ 6,556 $ 8,308

Leases - Notes to the Financial

Leases - Notes to the Financial Statements	3 Months Ended
	Apr. 30, 2022
Leases [Abstract]
Lessee, Operating Leases [Text Block]	NOTE 12 – LEASES: The leases some of options to lease term do not contain any material residual value guarantees or material As borrowing rate based present value of lease payments. The components of lease cost are shown below (in thousands): Three Months Ended April 30, 2022 May 1, 2021 Operating lease cost (a) $ 17,754 $ 16,726 Variable $ 768 $ 793 (a) Includes right-of-use asset amortization of ($0.4) million and April 30, 2022 and May 1, 2021, respectively. (b) Primarily related to monthly percentage rent for stores not presented on the balance sheet. Supplemental cash flow as follows (in thousands): Operating cash flow information: Three Months Ended April 30, 2022 May 1, 2021 Cash paid for amounts included in the measurement of lease liabilities $ 16,836 $ 15,947 Non-cash activity: Right-of-use assets obtained in exchange for lease obligations $ 3,515 $ 734 Weighted-average follows: As of April 30, 2022 May 1, 2021 Weighted-average remaining lease term 2.4 years 2.7 years Weighted-average discount rate 2.92% 3.73% the maturities are as follows (in thousands): Fiscal Year 2022 (a) $ 53,370 2023 53,633 2024 36,956 2025 21,875 2026 10,602 Thereafter 2,986 Total lease payments 179,422 Less: Imputed interest 8,410 Present value of lease liabilities $ 171,012 (a) Excluding the 3 months ended April 30, 2022.

Earnings Per Share - (Tables)

Earnings Per Share - (Tables)	3 Months Ended
	Apr. 30, 2022
Earnings Per Share Disclosure [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended April 30, 2022 May 1, 2021 (Dollars in thousands) Numerator Net earnings $ 9,748 $ 20,713 Earnings allocated to non-vested equity awards (541) (942) Net earnings available to common stockholders $ 9,207 $ 19,771 Denominator Basic weighted average common shares outstanding 20,149,201 21,489,162 Diluted weighted average common shares outstanding 20,149,201 21,489,162 Net income per common share Basic earnings per share $ 0.46 $ 0.92 Diluted earnings per share $ 0.46 $ 0.92

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Apr. 30, 2022
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 29, 2022 $ (280) (1,203) (3) Net current-period other comprehensive income (loss) (1,206) Ending Balance at April 30, 2022 $ (1,486) (a) All amounts are net-of-tax. Amounts in parentheses indicate a debit/reduction to other comprehensive income ("OCI"). (b) Includes $ 4 income for net gains on available-for-sale securities. The tax impact of this reclassification was $ 1 . Changes in Accumulated Other Comprehensive Income (a) Unrealized Gains and (Losses) on Available-for-Sale Securities Beginning Balance at January 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 income for net gains on available-for-sale securities. The tax impact of this reclassification was $ 12 .

Reportable Segment Informatio_2

Reportable Segment Information - (Tables)	3 Months Ended
	Apr. 30, 2022
Reportable Segment Information [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended April 30, 2022 Retail Credit Total Revenues $206,208 $513 $206,721 Depreciation 2,743 - 2,743 Interest and other income (403) - (403) Income before taxes 11,613 84 11,697 Capital expenditures 4,440 - 4,440 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 before taxes 23,540 254 23,794 Capital expenditures 554 - 554 Retail Credit Total Total assets as of April 30, 2022 $574,601 $37,429 $612,030 Total assets as of January 29, 2022 595,487 38,279 633,766 Three Months Ended April 30, 2022 May 1, 2021 Payroll $ 137 $ 117 Postage 93 78 Other expenses 199 89 Total expenses $ 429 $ 284

Stock Based Compensation - Plan

Stock Based Compensation - Plans (Tables)	3 Months Ended
	Apr. 30, 2022
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: - 3,580,471 3,580,471

Sechedule Of Restricted Stock O

Sechedule Of Restricted Stock Outstanding - (Tables)	3 Months Ended
	Apr. 30, 2022
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 29, 2022 1,196,288 $ 13.76 Granted - - Vested - - Forfeited or expired - - Restricted stock awards at April 30, 2022 1,196,288 $ 13.76

Fair Value Measurements - Asset

Fair Value Measurements - Assets at Fairvalue - (Tables)	3 Months Ended
	Apr. 30, 2022
Fair Value Measurements [Abstract]
Fair Value Disclosures	Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable April 30, 2022 Assets Inputs Inputs Description Level 1 Level 2 Level 3 Assets: $ 28,514 $ - $ 28,514 $ - 56,515 - 56,515 - 21,112 - 21,112 - 11,033 - - 11,033 13,512 - 13,512 - 803 803 - - 367 - 367 - Total Assets $ 131,856 $ 803 $ 120,020 $ 11,033 Liabilities: (9,272) - - (9,272) Total Liabilities $ (9,272) $ - $ - $ (9,272) Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable January 29, 2022 Assets Inputs Inputs Description Level 1 Level 2 Level 3 Assets: $ 30,451 $ - $ 30,451 $ - 76,909 - 76,909 - 19,715 - 19,715 - 11,472 - - 11,472 18,556 - 18,556 - 818 818 - - 367 - 367 - Total Assets $ 158,288 $ 818 $ 145,998 $ 11,472 Liabilities: (10,020) - - (10,020) Total Liabilities $ (10,020) $ - $ - $ (10,020)

Fair Value Measurments - Level

Fair Value Measurments - Level 3 Roll (Tables)	3 Months Ended
	Apr. 30, 2022
Fair Value Measurements [Abstract]
Level 3 Reconciliation	Fair Value Measurements Using Significant Unobservable Asset Inputs (Level 3) Cash Surrender Value Beginning Balance at January 29, 2022 $ 11,472 Redemptions - Additions - Total gains or (losses) (439) - Ending Balance at April 30, 2022 $ 11,033 Fair Value Measurements Using Significant Unobservable Liability Inputs (Level 3) Deferred Compensation Beginning Balance at January 29, 2022 $ (10,020) 489 (149) 408 - Ending Balance at April 30, 2022 $ (9,272) Fair Value Measurements Using Significant Unobservable Asset Inputs (Level 3) Cash Surrender Value Beginning Balance at January 30, 2021 $ 11,263 Redemptions - Additions - 209 - Ending Balance at January 29, 2022 $ 11,472 Fair Value Measurements Using Significant Unobservable Liability Inputs (Level 3) Deferred Compensation Beginning Balance at January 30, 2021 $ (10,316) 1,010 (304) (410) - Ending Balance at January 29, 2022 $ (10,020)

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Apr. 30, 2022
RevenueRecognitionAndDeferredRevenueAbstract
ContractWithCustomerAssetAndLiabilityTableTextBlock	Balance as of April 30, 2022 January 29, 2022 Proprietary Credit Card Receivables, net $ 9,522 $ 8,998 Gift Card Liability $ 6,556 $ 8,308

Leases - (Tables)

Leases - (Tables)	3 Months Ended
	Apr. 30, 2022
Leases [Abstract]
Lease, Cost [Table Text Block]	Three Months Ended April 30, 2022 May 1, 2021 Operating lease cost (a) $ 17,754 $ 16,726 Variable $ 768 $ 793 (a) Includes right-of-use asset amortization of ($0.4) million and April 30, 2022 and May 1, 2021, 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 April 30, 2022 May 1, 2021 Cash paid for amounts included in the measurement of lease liabilities $ 16,836 $ 15,947 Non-cash activity: Right-of-use assets obtained in exchange for lease obligations $ 3,515 $ 734
Lessee Operating Lease Weighted Averages Table [Table Text Block] showing weighted average remaining lease term and weighted average discount rate	As of April 30, 2022 May 1, 2021 Weighted-average remaining lease term 2.4 years 2.7 years Weighted-average discount rate 2.92% 3.73%
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Fiscal Year 2022 (a) $ 53,370 2023 53,633 2024 36,956 2025 21,875 2026 10,602 Thereafter 2,986 Total lease payments 179,422 Less: Imputed interest 8,410 Present value of lease liabilities $ 171,012 (a) Excluding the 3 months ended April 30, 2022.

General - Notes to Financial _2

General - Notes to Financial Statements - (Details) - USD ($)	3 Months Ended
	Apr. 30, 2022	May 01, 2021
General Dsiclosure [Abstract]
Quarterly Declared Dividend	$ 0.17
Repurchase of common stock	$ 9,162,000	$ 5,629,000
Net income	9,748,000	20,713,000
Dividends paid	$ 3,638,000	$ 0

Earnings Per Share - (Details)

Earnings Per Share - (Details) - USD ($)	3 Months Ended
	Apr. 30, 2022	May 01, 2021
Earnings Per Share Disclosure [Abstract]
Net income	$ 9,748,000	$ 20,713,000
Earnings Allocated to Non-Vesting Equity Awards	(541,000)	(942,000)
Net Income (Loss) Available to Common Stockholders	$ 9,207,000	$ 19,771,000
Basic Weighted-Average common shares outstanding	20,149,201	21,489,162
Dilluted Weighted Average Common Shares Outstanding	20,149,201	21,489,162
Basic earnings per share	$ 0.46	$ 0.92
Diluted earnings per share	$ 0.46	$ 0.92

Changes in Accumulated Other _2

Changes in Accumulated Other Comprehensive Income (Details) - USD ($)	3 Months Ended
	Apr. 30, 2022	May 01, 2021
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance Accumulated other comprehensive income, net of tax	$ (280,000)	$ 1,155,000
Other Comprehensive Income Loss Before Reclassifications Net Of Tax	(1,203,000)	(173,000)
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax	(3,000)	39,000
Unrealized gain on available-for-sale securities, net of deferred income taxes	(1,206,000)	(134,000)
Ending Balance Accumulated other comprehensive income, net of tax	(1,486,000)	1,021,000
ChangeInUnrealizedGainsOnAvailableForSaleSecuritiesMember [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance Accumulated other comprehensive income, net of tax	(280,000)
Unrealized gain on available-for-sale securities, net of deferred income taxes	(1,206,000)	$ (134,000)
Ending Balance Accumulated other comprehensive income, net of tax	$ (1,486,000)

Changes in Accumulated Other _3

Changes in Accumulated Other Comprehensive Income Components - (Details) - USD ($)	3 Months Ended
	Apr. 30, 2022	May 01, 2021
ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems
Income Tax Benefit (Expense)	$ 1,949,000	$ 3,081,000
Reclassified Accumulated Unrealized Gains and Losses
ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems
Interest and Other Income	(4,000)	51,000
Income Tax Benefit (Expense)	$ (1,000)	$ 12,000

Reportable Segment Informatio_3

Reportable Segment Information - (Details) - USD ($)	3 Months Ended
	Apr. 30, 2022	May 01, 2021	May 05, 2018	Jan. 29, 2022
Segment Reporting Information [Line Items]
Total revenues	$ 206,721,000	$ 213,085,000
Depreciation	2,743,000	3,042,000
Interest and other income	403,000	663,000
Total Assets	612,030,000			$ 633,766,000
Capital expenditures	4,440,000	554,000
Income Before Taxes	11,697,000	23,794,000
ReportableSegmentsMemberRetail [Member]
Segment Reporting Information [Line Items]
Total revenues	206,208,000	212,547,000
Depreciation	2,743,000	3,042,000	$ 3,042,000
Interest and other income	403,000	663,000
Total Assets	574,601,000			595,487,000
Capital expenditures	4,440,000	554,000
Income Before Taxes	11,613,000	23,540,000	23,540,000
ReportableSegmentsMemberCredit [Member]
Segment Reporting Information [Line Items]
Total revenues	513,000	538,000
Depreciation	0	0	0
Interest and other income	0	0
Total Assets	37,429,000			$ 38,279,000
Capital expenditures	0	0
Income Before Taxes	$ 84,000	$ 254,000	$ 254,000

Direct Expenses of Credit Segme

Direct Expenses of Credit Segment in SGA - (Details) - ReportableSegmentsMemberCredit [Member] - USD ($)	3 Months Ended
	Apr. 30, 2022	May 01, 2021
Segment Reporting Information [Line Items]
Labor and Related Expense	$ 137,000	$ 117,000
Postage Expense	93,000	78,000
Other Expenses	199,000	89,000
Total Credit Expenses	$ 429,000	$ 284,000

Stock Based Compensation - Pl_2

Stock Based Compensation - Plans - (Details)	Apr. 30, 2022shares
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	3,580,471
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	3,580,471

Sechedule Of Restricted Stock_2

Sechedule Of Restricted Stock Outstanding - (Details) - 2004 Plan - Restricted Stock - Class A Common Stock	3 Months Ended
	Apr. 30, 2022$ / sharesshares
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested [Roll Forward]
Restricted Stock Awards Beginning Balance | shares	1,196,288
Restricted Stock Awards Granted | shares	0
Restricted Stock Awards Vested | shares	0
Restricted Stock Awards Foreited | shares	0
Restricted Stock Awards Ending Balance | shares	1,196,288
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	$ 13.76
Granted Restricted Stock Awards Weighted Average Grant Date Fair Value Per Share | $ / shares	0
Vested Restricted Stock Awards Weighted Average Grant Date Fair Value Per Share | $ / shares	0
Forfeited Restricted Stock Awards Weighted Average Grant Date Fair Value Per Share | $ / shares	0
Restricted Stock Awards Weighted Average Grant Date Fair Value Per Share - Ending Balance | $ / shares	$ 13.76

Stock Based Compensation Additi

Stock Based Compensation Additional - (Details) - Class A Common Stock - USD ($)	3 Months Ended
	Apr. 30, 2022	May 01, 2021	Jan. 29, 2022
Restricted Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized Compensation Expense	$ 9,868,000		$ 11,096,000
Remaining Weighted-Average Vesting Period	2 years 4 months 24 days	2 years 3 months 18 days
Compensation Expense	$ 603,000	$ 283,000
Employee Stock Purchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares Sold	9,468	19,248
Compensation Expense	$ 21,000	$ 23,000
Employee Stock Purchase Plan Share Purchase Discount	$ 2.21	$ 1.17

Fair Value Measurements - Ass_2

Fair Value Measurements - Assets at Fairvalue - (Details) - USD ($)	Apr. 30, 2022	Jan. 29, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Financial Assets At Fair Value	$ 131,856,000	$ 158,288,000
Deferred Compensation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Liabilities, Fair Value Disclosure	9,272,000
Total Financial Liabilities At Fair Value	9,272,000
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Financial Assets At Fair Value	803,000	818,000
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Financial Assets At Fair Value	120,020,000	145,998,000
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Financial Assets At Fair Value	11,033,000	11,472,000
Level 3 | Deferred Compensation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Liabilities, Fair Value Disclosure	9,272,000	10,020,000
Total Financial Liabilities At Fair Value	9,272,000	10,020,000
State/Municipal Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	28,514,000	30,451,000
State/Municipal Bonds | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	28,514,000	30,451,000
Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	56,515,000	76,909,000
Corporate Bonds | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	56,515,000	76,909,000
US Treasury Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	21,112,000	19,715,000
US Treasury Notes | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	21,112,000	19,715,000
Corporate Equities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	803,000	818,000
Corporate Equities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	803,000	818,000
Certificates of Deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	367,000	367,000
Certificates of Deposit | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	367,000	367,000
Asset Backed Securities (ABS)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	13,512,000	18,556,000
Asset Backed Securities (ABS) | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	13,512,000	18,556,000
Cash Surrender Value - Life Insurance
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Surrender Value, Fair Value Disclosure	11,033,000	11,472,000
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	$ 11,033,000	$ 11,472,000

Fair Value Measurements - Level

Fair Value Measurements - Level 3 Roll - (Details) - USD ($)	3 Months Ended
	Apr. 30, 2022	May 01, 2021
Deferred Compensation
FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems
Begining Balance	$ 10,020,000	$ 10,316,000
Redemptions	(489,000)	(1,010,000)
Additions	(149,000)	(304,000)
Losses (Gains) Included In Earnings	(408,000)	410,000
Ending Balance	9,272,000
Cash Surrender Value - Life Insurance
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	11,472,000	11,263,000
Gains (Losses) Included in Earnings	439,000	$ (209,000)
Ending Balance	$ 11,033,000

Income Tax (Details)

Income Tax (Details)	3 Months Ended
	Apr. 30, 2022	May 01, 2021
IncomeTaxDisclosureAbstract
Effective Income Tax Rate	16.70%	12.90%

Effective Tax Rate (Details)

Effective Tax Rate (Details)	3 Months Ended
	Apr. 30, 2022	May 01, 2021
EffectiveIncomeTaxRateContinuingOperationsTaxRateReconciliationAbstract
Effective Income Tax Rate	16.70%	12.90%

Revenue Recognition Disclosure

Revenue Recognition Disclosure Table - (Details) - USD ($)	Apr. 30, 2022	Jan. 29, 2022
RevenueRecognitionAndDeferredRevenueAbstract
Proprietary Credit Card Receivables Net	$ 9,522,000	$ 8,998,000
Gift Card Liability	$ 6,556,000	$ 8,308,000

Revenue Recognition Cato Credit

Revenue Recognition Cato Credit Card - (Details) - USD ($)	3 Months Ended
	Apr. 30, 2022	May 01, 2021
RevenueRecognitionAndDeferredRevenueAbstract
Proprietary Credit Card Uncollectable amounts	$ 86,000	$ 131,000
Proprietary Credit Card Sales	$ 5,700,000	$ 4,400,000

Leases - (Details)

Leases - (Details) - USD ($)	3 Months Ended
	Apr. 30, 2022	May 01, 2021
Leases [Abstract]
Operating Lease, Weighted Average Discount Rate, Percent	2.92%	3.73%
Operating Lease, Expense	$ 17,754,000	$ 16,726,000
Variable Lease, Cost	768,000	793,000
Operating Lease, Payments	16,836,000	15,947,000
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	3,515,000	$ 734,000
Operating Leases, Future Minimum Payments Due, Next Twelve Months	53,370,000
Operating Leases, Future Minimum Payments, Due in Two Years	53,633,000
Operating Leases, Future Minimum Payments, Due in Three Years	36,956,000
Operating Leases, Future Minimum Payments, Due in Four Years	21,875,000
Operating Leases, Future Minimum Payments, Due In Five Years	10,602,000
Operating Leases, Future Minimum Payments, Due Thereafter	2,986,000
Operating Leases, Future Minimum Payments Due	179,422,000
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	(8,410,000)
Operating Lease, Liability	$ 171,012,000