Kaspien (KSPN) 10-Q 12 Dec 13 2013 Q3 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	9 Months Ended
	Nov. 02, 2013	Nov. 29, 2013
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'TRANS WORLD ENTERTAINMENT CORP	'
Document Type	'10-Q	'
Current Fiscal Year End Date	'--02-01	'
Entity Common Stock, Shares Outstanding	'	32,267,948
Amendment Flag	'false	'
Entity Central Index Key	'0000795212	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Well-known Seasoned Issuer	'No	'
Document Period End Date	2-Nov-13	'
Document Fiscal Year Focus	'2013	'
Document Fiscal Period Focus	'Q3	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Nov. 02, 2013	Feb. 02, 2013	Oct. 27, 2012
In Thousands, unless otherwise specified
CURRENT ASSETS:	'	'	'
Cash and cash equivalents	$86,028	$132,982	$59,932
Merchandise inventory	174,884	155,429	178,332
Other current assets	13,812	9,365	10,944
Total current assets	274,724	297,776	249,208
NET FIXED ASSETS	12,647	9,057	15,264
OTHER ASSETS	9,028	8,407	8,362
TOTAL ASSETS	296,399	315,240	272,834
CURRENT LIABILITIES:	'	'	'
Accounts payable	72,971	79,438	65,002
Accrued expenses and other current liabilities	8,708	10,122	10,610
Accrued incentives	60	7,667	214
Deferred revenue	9,788	10,464	9,910
Current portion of capital lease obligations	1,031	936	907
Total current liabilities	92,558	108,627	86,643
CAPITAL LEASE OBLIGATIONS, less current portion	1,218	2,004	2,250
OTHER LONG-TERM LIABILITIES	24,766	23,849	23,035
TOTAL LIABILITIES	118,542	134,480	111,928
SHAREHOLDERS’ EQUITY	'	'	'
Preferred stock ($0.01 par value; 5,000,000 shares authorized; none issued)	'	'	'
Common stock ($0.01 par value; 200,000,000 shares authorized; 58,166,752, 56,728,146 and 56,602,176 shares issued, respectively)	582	567	566
Additional paid-in capital	314,418	309,451	309,129
Treasury stock at cost (25,823,001, 25,102,990 and 25,102,990 shares, respectively)	-221,723	-217,555	-217,555
Accumulated other comprehensive loss	-2,235	-2,774	-2,157
Retained earnings	86,815	91,071	70,923
TOTAL SHAREHOLDERS’ EQUITY	177,857	180,760	160,906
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$296,399	$315,240	$272,834

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) (USD $)	Nov. 02, 2013	Feb. 02, 2013	Oct. 27, 2012
Preferred stock par value (in Dollars per share)	$0.01	$0.01	$0.01
Preferred stock, shares authorized (in Shares)	5,000,000	5,000,000	5,000,000
Preferred stock, shares issued (in Shares)	0	0	0
Common stock par value (in Dollars per share)	$0.01	$0.01	$0.01
Common stock, shares authorized (in Shares)	200,000,000	200,000,000	200,000,000
Common stock, shares issued (in Shares)	58,166,752	56,728,146	56,602,176
Treasury stock, shares at cost (in Shares)	25,823,001	25,102,990	25,102,990

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Nov. 02, 2013	Oct. 27, 2012	Nov. 02, 2013	Oct. 27, 2012
Net sales	$79,772	$91,769	$254,473	$295,094
Cost of sales	49,032	57,032	155,930	182,724
Gross profit	30,740	34,737	98,543	112,370
Selling, general and administrative expenses	33,552	36,365	101,229	111,702
Income (loss) from operations	-2,812	-1,628	-2,686	668
Interest expense, net	481	513	1,451	1,805
Loss before income tax expense	-3,293	-2,141	-4,137	-1,137
Income tax expense	22	47	119	141
Net loss	($3,315)	($2,188)	($4,256)	($1,278)
BASIC AND DILUTED LOSS PER SHARE:	'	'	'	'
Basic and diluted loss per share (in Dollars per share)	($0.10)	($0.07)	($0.13)	($0.04)
Weighted average number of common shares outstanding – basic and diluted (in Shares)	32,586	31,555	32,673	31,543

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Nov. 02, 2013	Oct. 27, 2012	Nov. 02, 2013	Oct. 27, 2012
Net loss	($3,315)	($2,188)	($4,256)	($1,278)
Amortization of prior service cost	180	86	540	258
Comprehensive loss	($3,135)	($2,102)	($3,716)	($1,020)

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Nov. 02, 2013	Oct. 27, 2012
Net cash used by operating activities	($40,020)	($24,386)
Cash flows from investing activities:	'	'
Purchases of fixed assets	-6,861	-1,965
Net cash used by investing activities	-6,861	-1,965
Cash flows from financing activities:	'	'
Payments of long-term debt	'	-1,748
Payments of capital lease obligations	-691	-607
Exercise of stock options	4,786	123
Purchase of treasury stock	-4,168	'
Net cash used by financing activities	-73	-2,232
Net decrease in cash and cash equivalents	-46,954	-28,583
Cash and cash equivalents, beginning of period	132,982	88,515
Cash and cash equivalents, end of period	86,028	59,932
Issuance of shares under deferred share plan	$50	'

Nature_of_Operations

Nature of Operations	9 Months Ended
	Nov. 02, 2013
Disclosure Text Block [Abstract]	'
Nature of Operations [Text Block]	'
	Note 1. Nature of Operations
	Trans World Entertainment Corporation and subsidiaries (“the Company”) is one of the largest specialty retailers of entertainment products, including video, music, electronics, trend, video games and related products in the United States. The Company operates a chain of retail entertainment stores, primarily under the names f.y.e. for your entertainment and Suncoast Motion Pictures, and e-commerce sites, www.fye.com, www.wherehouse.com, and www.secondspin.com in a single industry segment. As of November 2, 2013, the Company operated 360 stores totaling approximately 2.1 million square feet in the United States, the District of Columbia and the Commonwealth of Puerto Rico.
	Liquidity and Cash Flows:
	The Company’s primary sources of working capital are cash and cash equivalents on hand, cash provided by operations and borrowing capacity under its revolving credit facility (See Note 6 for further details). The Company’s cash flows fluctuate from quarter to quarter due to various items, including seasonality of sales and earnings, merchandise inventory purchases and returns and the related terms on the purchases and capital expenditures. Management believes it will have adequate resources to fund its cash needs for the next twelve months and beyond, including its capital spending, its seasonal increase in merchandise inventory and other operating cash requirements and commitments. During Fiscal 2012, management carried out certain strategic initiatives in its efforts to reduce certain operating costs. In addition, management closed 33 stores and plans to continue its evaluation of profitability of the Company’s stores in consideration of lease terms, conditions and expirations, including considering new and relocated stores. Management has continued many of the initiatives begun in 2012 as part of the execution of its operating plan for 2013, including a focus on improved product selection based on customer preferences and industry changes, as well as further streamlining of its operations. The Company opened 14 stores and closed 12 stores during the thirty-nine weeks ended November 2, 2013.
	Based on the Company’s current cash position, the Board of Directors approved a stock repurchase plan in the third quarter. (See Note 10 for further details).
	Seasonality:
	The Company’s business is seasonal, with the fourth fiscal quarter constituting the Company’s peak selling period. In fiscal 2012, the fourth quarter accounted for approximately 36% of annual net sales. The fourth quarter of fiscal 2012 consisted of 14 weeks. In anticipation of increased sales activity in the fourth quarter, the Company purchases additional inventory and hires seasonal associates to supplement its core store sales and distribution center staff. If, for any reason, the Company’s sales were below seasonal norms during the fourth quarter, the Company’s operating results could be adversely affected. Quarterly sales can also be affected by the timing of new product releases, new store openings, store closings and the performance of existing stores.

Basis_of_Presentation

Basis of Presentation	9 Months Ended
	Nov. 02, 2013
Disclosure Text Block [Abstract]	'
Basis of Accounting [Text Block]	'
	Note 2: Basis of Presentation
	The accompanying unaudited condensed consolidated financial statements consist of Trans World Entertainment Corporation, its wholly-owned subsidiary, Record Town, Inc. (“Record Town”), and Record Town’s subsidiaries, all of which are wholly-owned. All significant intercompany accounts and transactions have been eliminated.
	The interim condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. The information furnished in these unaudited condensed consolidated financial statements reflects all normal, recurring adjustments which, in the opinion of management, are necessary for the fair presentation of such financial statements. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. During the thirty-nine weeks ended November 2, 2013, the Company recorded a prior period adjustment to the value of its inventory, which increased cost of sales and decreased gross margin by approximately $0.3 million. The cumulative effect of this adjustment is deemed immaterial. Certain information and footnote disclosures normally included in the financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to rules and regulations applicable to interim financial statements. Certain prior period amounts have been reclassified to conform to the current presentation.
	The information presented in the accompanying unaudited condensed consolidated balance sheet as of February 2, 2013 has been derived from the Company’s February 2, 2013 audited consolidated financial statements. All other information has been derived from the Company’s unaudited condensed consolidated financial statements as of and for the thirteen and thirty-nine weeks ended November 2, 2013 and October 27, 2012. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended February 2, 2013.
	The Company’s significant accounting policies are the same as those described in Note 1 to the Company’s Consolidated Financial Statements on Form 10-K for the fiscal year ended February 2, 2013.

Recently_Adopted_Accounting_Pr

Recently Adopted Accounting Pronouncements	9 Months Ended
	Nov. 02, 2013
Accounting Changes and Error Corrections [Abstract]	'
Accounting Changes and Error Corrections [Text Block]	'
	Note 3. Recently Adopted Accounting Pronouncements
	In February 2013, the Financial Accounting Standards Board issued ASU No. 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income, which adds additional disclosure requirements relating to the reclassification of items out of accumulated other comprehensive income. This ASU was effective for the first quarter of 2013 for the Company. The adoption of this guidance does not have a significant impact on the Company’s condensed consolidated financial statements.

Stock_Based_Compensation

Stock Based Compensation	9 Months Ended
	Nov. 02, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	'
	Note 4. Stock Based Compensation
	Total stock-based compensation expense recognized in the condensed consolidated statements of operations for thirteen weeks ended November 2, 2013 and October 27, 2012 was approximately $27,000 and $84,000 respectively, before income taxes. 0 deferred tax benefit was recorded against stock-based compensation expense for the thirteen weeks ended November 2, 2013 and October 27, 2012.
	Total stock-based compensation expense recognized in the condensed consolidated statements of operations for the thirty-nine weeks ended November 2, 2013 and October 27, 2012 was approximately $146,000 and $212,000 respectively, before income taxes. 0 deferred tax benefit was recorded against stock-based compensation expense for the thirty-nine weeks ended November 2, 2013 and October 27, 2012.
	As of November 2, 2013, there was approximately $770,000 of unrecognized compensation cost related to stock award awards that is expected to be recognized as expense over a weighted average period of 2.1 years.
	As of November 2, 2013, stock awards authorized for issuance under the Company’s plans total 20.6 million. There are certain authorized stock awards for which the Company no longer grants awards. Of these awards authorized for issuance, 3.2 million were granted and are outstanding, 2.4 million of which were vested and exercisable. Awards available for future grants at November 2, 2013 were 2.6 million.
	The table below outlines the assumptions that the Company used to estimate the fair value of stock based awards granted during the thirty-nine weeks ended November 2, 2013:
				Minimum				Maximum
	Dividend yield					0%
	Expected stock price volatility			67.60%		-		75.20%
	Risk-free interest rate					1.40%
	Expected award life (in years)			4.9		-		7
	Weighted average fair value per share of awards granted during the period					$2.99
	The following table summarizes stock award activity during the thirty-nine weeks ended November 2, 2013:
			Employee and Director Stock Award Plans
			Number of				Weighted		Weighted		Other			Weighted
			Shares				Average		Average		Share			Average
			Subject To				Exercise Price		Remaining		Awards(1)			Grant Date
			Option						Contractual Term					Fair Value
	Balance February 2, 2013			4,663,909			$	6.45		2.7		93,037		$	6.04
	Granted			285,000				4.74		9.6		11,620			4.29
	Exercised			(1,427,450	)			3.35		—		(11,620	)		4.29
	Forfeited			(155,000	)			3.14		—		—			—
	Canceled			(247,809	)			8.43		—		—			—
	Balance November 2, 2013			3,118,650			$	7.72		3.5		93,037		$	6.04
	Exercisable November 2, 2013			2,359,900			$	9.23		1.9		93,037		$	6.04
		-1	Other Share Awards include deferred shares granted to Directors.
	As of November 2, 2013, the intrinsic value of stock awards outstanding was $1.4 million and exercisable was $0.3 million.

Defined_Benefit_Plans

Defined Benefit Plans	9 Months Ended
	Nov. 02, 2013
Disclosure Text Block Supplement [Abstract]	'
Compensation and Employee Benefit Plans [Text Block]	'
	Note 5. Defined Benefit Plans
	The Company maintains a non-qualified Supplemental Executive Retirement Plan (“SERP”) for certain executive officers of the Company. The SERP provides eligible executives defined pension benefits that supplement benefits under other retirement arrangements.
	Prior to June 1, 2003, the Company had provided the Board of Directors with a noncontributory, unfunded retirement plan (“Director Retirement Plan”) that paid retired directors an annual retirement benefit. Directors who were not yet vested in their retirement benefits as of June 1, 2003 had the present value of benefits already accrued as of the effective date converted to deferred shares of the Company’s Common Stock. Directors that were fully or partially vested in their retirement benefits were given a one-time election to continue to participate in the current retirement program or convert the present value of their benefits to deferred shares.
	The measurement date for the SERP and Director Retirement Plan is fiscal year end, using actuarial techniques which reflect estimates for mortality, turnover and expected retirement. In addition, management makes assumptions concerning future salary increases. Discount rates are generally established as of the measurement date using theoretical bond models that select high-grade corporate bonds with maturities or coupons that correlate to the expected payouts of the applicable liabilities.
	The following represents the components of the net periodic pension cost related to the Company’s SERP and Director Retirement Plan for the respective periods:
		Thirteen weeks ended					Thirty-nine weeks ended
		November 2,			October 27,		November 2,			October 27,
		2013			2012		2013			2012
		(in thousands)					(in thousands)
	Service cost	$	28		$	22	$	84		$	66
	Interest cost		164			159		492			477
	Amortization of prior service cost		181			86		543			258
	Amortization of net gain		(1	)		—		(3	)		—
	Net periodic pension cost	$	372		$	267	$	1,116		$	801
	During the thirty-nine weeks ended November 2, 2013, the Company did not make any cash contributions to the SERP or the Director Retirement Plan, and presently expects to pay approximately $103,000 in benefits relating to the SERP and $49,000 in benefits relating to the Director Retirement Plan during Fiscal 2013.

Line_of_Credit

Line of Credit	9 Months Ended
	Nov. 02, 2013
Debt Disclosure [Abstract]	'
Debt Disclosure [Text Block]	'
	Note 6. Line of Credit
	In May 2012, the Company entered into a $75 million credit facility (“Second Amended Credit Facility”) which amended its previous $100 million credit facility (“Amended Credit Facility”). The principal amount of all outstanding loans under the Second Amended Credit Facility together with any accrued but unpaid interest, are due and payable in May 2017, unless otherwise paid earlier pursuant to the terms of the Second Amended Credit Facility. Payments of amounts due under the Second Amended Credit Facility are secured by the assets of the Company.
	The Second Amended Credit Facility includes customary provisions, including affirmative and negative covenants, which include representations, warranties and restrictions on additional indebtedness and acquisitions. The Second Amended Credit Facility also includes customary events of default, including, among other things, material adverse effect, bankruptcy, and certain changes of control. The Second Amended Credit Facility also contains other terms and conditions, including covenants around the number of store closings and allows for the payment of dividends with certain restrictions. It also changed the formula for interest rates. The Company is compliant with all covenants.
	Interest under the Second Amended Credit Facility will accrue, at the election of the Company, at a Base Rate or LIBO Rate, plus, in each case, an Applicable Margin, which is determined by reference to the level of availability as defined in the Credit Agreement, with the Applicable Margin for LIBO Rate loans ranging from 2.25% to 2.75% and the Applicable Margin for Prime Rate loans ranging from 0.75% to 1.25%. In addition, a commitment fee ranging from 0.375% to 0.50% is also payable on unused commitments.
	The availability under the Second Amended Credit Facility is subject to limitations based on sufficient inventory levels. Based on inventory levels at the end of the quarter, the availability under the Second Amended Credit Facility was $65.0 million as of November 2, 2013. As of November 2, 2013, the Company did not have any borrowings outstanding under the Second Amended Credit Facility and had 0 outstanding letter of credit obligations. The Company did not have any borrowings during the thirty-nine weeks ended November 2, 2013.
	As of October 27, 2012, the Company did not have any borrowings outstanding under the Amended Credit Facility and had $0.6 million in outstanding letter of credit obligations. The Company did not have any borrowings during Fiscal 2012.

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Nov. 02, 2013
Disclosure Text Block [Abstract]	'
Comprehensive Income (Loss) Note [Text Block]	'
	Note 7. Accumulated Other Comprehensive Income (Loss)
	Accumulated other comprehensive income (loss) that the Company reports in the condensed consolidated balance sheets represents the excess of accrued pension liability over accrued benefit cost, net of taxes, associated with the Company’s defined benefit plans. Comprehensive income or loss consists of net income or loss and the reclassification of prior service costs previously reported in comprehensive income (loss) for the thirteen and thirty-nine weeks ended November 2, 2013 and October 27, 2012. Amortization of prior service cost is recorded under selling, general and administrative expenses in the condensed consolidated statements of operations.

Depreciation_and_Amortization_

Depreciation and Amortization of Fixed Assets	9 Months Ended
	Nov. 02, 2013
Property, Plant and Equipment [Abstract]	'
Property, Plant and Equipment Disclosure [Text Block]	'
	Note 8. Depreciation and Amortization of Fixed Assets
	Depreciation and amortization of fixed assets included in the condensed consolidated statements of operations is as follows:
		Thirteen Weeks Ended				Thirty-nine Weeks Ended
		November 2,		October 27,		November 2,		October 27,
		2013		2012		2013		2012
		(in thousands)				(in thousands)
	Cost of sales	$	116	$	122	$	361	$	372
	Selling, general and administrative expenses		1,028		948		2,713		2,774
	Total	$	1,144	$	1,070	$	3,074	$	3,146

Loss_Per_Share

Loss Per Share	9 Months Ended
	Nov. 02, 2013
Earnings Per Share [Abstract]	'
Earnings Per Share [Text Block]	'
	Note 9. Loss Per Share
	Basic loss per share is calculated by dividing net loss by the weighted average common shares outstanding for the period. Diluted income per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock (net of any assumed repurchases) that then shared in the earnings of the Company, if any. It is computed by dividing net income (loss) by the sum of the weighted average shares outstanding and additional common shares that would have been outstanding if the dilutive potential common shares had been issued for the Company’s common stock awards from the Company’s Stock Award Plans.
	For all periods presented, the impact of all outstanding stock awards was not considered because the Company reported a net loss and such impact would be anti-dilutive. Accordingly, basic and diluted loss per share are the same.

Shareholders_Equity

Shareholders' Equity	9 Months Ended
	Nov. 02, 2013
Stockholders' Equity Note [Abstract]	'
Stockholders' Equity Note Disclosure [Text Block]	'
	Note 10. Shareholders’ Equity
	During the thirty-nine weeks ended November 2, 2013, the Company repurchased approximately 302,000 shares of common stock at an average price of $4.57 per share, for an aggregate purchase price of $1.4 million, including direct fees related to the purchase of shares, leaving approximately $20.6 million available for purchase under the program. The Company classified the repurchased shares as treasury stock on the Company’s balance sheet.

Accounting_Policies_by_Policy_

Accounting Policies, by Policy (Policies)	9 Months Ended
	Nov. 02, 2013
Accounting Policies [Abstract]	'
Liquidity Disclosure [Policy Text Block]	'
	Liquidity and Cash Flows:
	The Company’s primary sources of working capital are cash and cash equivalents on hand, cash provided by operations and borrowing capacity under its revolving credit facility (See Note 6 for further details). The Company’s cash flows fluctuate from quarter to quarter due to various items, including seasonality of sales and earnings, merchandise inventory purchases and returns and the related terms on the purchases and capital expenditures. Management believes it will have adequate resources to fund its cash needs for the next twelve months and beyond, including its capital spending, its seasonal increase in merchandise inventory and other operating cash requirements and commitments. During Fiscal 2012, management carried out certain strategic initiatives in its efforts to reduce certain operating costs. In addition, management closed 33 stores and plans to continue its evaluation of profitability of the Company’s stores in consideration of lease terms, conditions and expirations, including considering new and relocated stores. Management has continued many of the initiatives begun in 2012 as part of the execution of its operating plan for 2013, including a focus on improved product selection based on customer preferences and industry changes, as well as further streamlining of its operations. The Company opened 14 stores and closed 12 stores during the thirty-nine weeks ended November 2, 2013.
	Based on the Company’s current cash position, the Board of Directors approved a stock repurchase plan in the third quarter. (See Note 10 for further details).
Seasonality [Policy Text Block]	'
	Seasonality:
	The Company’s business is seasonal, with the fourth fiscal quarter constituting the Company’s peak selling period. In fiscal 2012, the fourth quarter accounted for approximately 36% of annual net sales. The fourth quarter of fiscal 2012 consisted of 14 weeks. In anticipation of increased sales activity in the fourth quarter, the Company purchases additional inventory and hires seasonal associates to supplement its core store sales and distribution center staff. If, for any reason, the Company’s sales were below seasonal norms during the fourth quarter, the Company’s operating results could be adversely affected. Quarterly sales can also be affected by the timing of new product releases, new store openings, store closings and the performance of existing stores.

Stock_Based_Compensation_Table

Stock Based Compensation (Tables)	9 Months Ended
	Nov. 02, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	'The table below outlines the assumptions that the Company used to estimate the fair value of stock based awards granted during the thirty-nine weeks ended November 2, 2013:
				Minimum				Maximum
	Dividend yield					0%
	Expected stock price volatility			67.60%		-		75.20%
	Risk-free interest rate					1.40%
	Expected award life (in years)			4.9		-		7
	Weighted average fair value per share of awards granted during the period					$2.99
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]	'The following table summarizes stock award activity during the thirty-nine weeks ended November 2, 2013:
			Employee and Director Stock Award Plans
			Number of				Weighted		Weighted		Other			Weighted
			Shares				Average		Average		Share			Average
			Subject To				Exercise Price		Remaining		Awards(1)			Grant Date
			Option						Contractual Term					Fair Value
	Balance February 2, 2013			4,663,909			$	6.45		2.7		93,037		$	6.04
	Granted			285,000				4.74		9.6		11,620			4.29
	Exercised			(1,427,450	)			3.35		—		(11,620	)		4.29
	Forfeited			(155,000	)			3.14		—		—			—
	Canceled			(247,809	)			8.43		—		—			—
	Balance November 2, 2013			3,118,650			$	7.72		3.5		93,037		$	6.04
	Exercisable November 2, 2013			2,359,900			$	9.23		1.9		93,037		$	6.04
		-1	Other Share Awards include deferred shares granted to Directors.

Defined_Benefit_Plans_Tables

Defined Benefit Plans (Tables)	9 Months Ended
	Nov. 02, 2013
Disclosure Text Block Supplement [Abstract]	'
Schedule of Net Benefit Costs [Table Text Block]	'The following represents the components of the net periodic pension cost related to the Company’s SERP and Director Retirement Plan for the respective periods:
		Thirteen weeks ended					Thirty-nine weeks ended
		November 2,			October 27,		November 2,			October 27,
		2013			2012		2013			2012
		(in thousands)					(in thousands)
	Service cost	$	28		$	22	$	84		$	66
	Interest cost		164			159		492			477
	Amortization of prior service cost		181			86		543			258
	Amortization of net gain		(1	)		—		(3	)		—
	Net periodic pension cost	$	372		$	267	$	1,116		$	801

Depreciation_and_Amortization_1

Depreciation and Amortization of Fixed Assets (Tables)	9 Months Ended
	Nov. 02, 2013
Property, Plant and Equipment [Abstract]	'
Schedule of Depreciation and Amortization of Fixed Assets [Table Text Block]	'Depreciation and amortization of fixed assets included in the condensed consolidated statements of operations is as follows:
		Thirteen Weeks Ended				Thirty-nine Weeks Ended
		November 2,		October 27,		November 2,		October 27,
		2013		2012		2013		2012
		(in thousands)				(in thousands)
	Cost of sales	$	116	$	122	$	361	$	372
	Selling, general and administrative expenses		1,028		948		2,713		2,774
	Total	$	1,144	$	1,070	$	3,074	$	3,146

Nature_of_Operations_Details

Nature of Operations (Details)	3 Months Ended	9 Months Ended	12 Months Ended
	Feb. 02, 2013	Nov. 02, 2013	Feb. 02, 2013
		sqft
Disclosure Text Block [Abstract]	'	'	'
Number of Stores	'	360	'
Area of Stores (in Square Feet)	'	2,100,000	'
Number of Stores Closed	'	12	33
Number of Stores Opened	'	14	'
Percentage of Annual Net Sales Recorded in the Fourth Quarter	36.00%	'	'

Basis_of_Presentation_Details

Basis of Presentation (Details) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Nov. 02, 2013
Disclosure Text Block [Abstract]	'
Prior Period Adjustment Related to Inventory	$0.30

Recently_Adopted_Accounting_Pr1

Recently Adopted Accounting Pronouncements (Details) (Accounting Standards Update 2013-02 [Member])	9 Months Ended
	Nov. 02, 2013
Accounting Standards Update 2013-02 [Member]	'
Recently Adopted Accounting Pronouncements (Details) [Line Items]	'
New Accounting Pronouncement or Change in Accounting Principle, Description	'In February 2013, the Financial Accounting Standards Board issued ASU No. 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income, which adds additional disclosure requirements relating to the reclassification of items out of accumulated other comprehensive income. This ASU was effective for the first quarter of 2013 for the Company. The adoption of this guidance does not have a significant impact on the Company's condensed consolidated financial statements.

Stock_Based_Compensation_Detai

Stock Based Compensation (Details) (USD $)	3 Months Ended		9 Months Ended
Share data in Millions, unless otherwise specified	Nov. 02, 2013	Oct. 27, 2012	Nov. 02, 2013	Oct. 27, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'	'	'	'
Allocated Share-based Compensation Expense	$27,000	$84,000	$146,000	$212,000
Deferred Tax Expense Benefit Compensation and Benefit	0	0	0	0
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	770,000	'	770,000	'
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	'	'	'2 years 36 days	'
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in Shares)	20.6	'	20.6	'
Share Based Compensation Arrangement By Share Based Payment Award Options And Other Than Options Outstanding Number (in Shares)	3.2	'	3.2	'
Share Based Compensation Arrangement By Share Based Payment Award Options And Other Than Options Vested And Expected To Vest Exercisable Number (in Shares)	2.4	'	2.4	'
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in Shares)	2.6	'	2.6	'
Intrinsic Value of Stock Awards Outstanding	1,400,000	'	1,400,000	'
Intrinsic Value of Stock Awards Exercisable	$300,000	'	$300,000	'

Stock_Based_Compensation_Detai1

Stock Based Compensation (Details) - Schedule for estimation of fair value for the stock based awards granted (USD $)	9 Months Ended
	Nov. 02, 2013
Stock Based Compensation (Details) - Schedule for estimation of fair value for the stock based awards granted [Line Items]	'
Dividend yield	0.00%
Risk-free interest rate	1.40%
Weighted average fair value per share of awards granted during the period (in Dollars per share)	$2.99
Minimum [Member]	'
Stock Based Compensation (Details) - Schedule for estimation of fair value for the stock based awards granted [Line Items]	'
Expected stock price volatility	67.60%
Expected award life (in years)	'4 years 328 days
Maximum [Member]	'
Stock Based Compensation (Details) - Schedule for estimation of fair value for the stock based awards granted [Line Items]	'
Expected stock price volatility	75.20%
Expected award life (in years)	'7 years

Stock_Based_Compensation_Detai2

Stock Based Compensation (Details) - Schedule of Disclosure of Share-based Compensation Arrangements by Share-based Payment Award (USD $)	9 Months Ended
	Nov. 02, 2013
Schedule of Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Abstract]	'
Balance February 2, 2013	4,663,909
Balance February 2, 2013 (in Dollars per share)	$6.45
Balance February 2, 2013	2.7
Balance February 2, 2013	93,037	[1]
Balance February 2, 2013 (in Dollars per share)	$6.04
Granted	285,000
Granted (in Dollars per share)	$4.74
Granted	9.6
Granted	11,620	[1]
Granted (in Dollars per share)	$4.29
Exercised	-1,427,450
Exercised (in Dollars per share)	$3.35
Exercised	-11,620	[1]
Exercised (in Dollars per share)	$4.29
Forfeited	-155,000
Forfeited (in Dollars per share)	$3.14
Canceled	-247,809
Canceled (in Dollars per share)	$8.43
Balance November 2, 2013	3,118,650
Balance November 2, 2013 (in Dollars per share)	$7.72
Balance November 2, 2013	3.5
Balance November 2, 2013	93,037	[1]
Balance November 2, 2013 (in Dollars per share)	$6.04
Exercisable November 2, 2013	2,359,900
Exercisable November 2, 2013 (in Dollars per share)	$9.23
Exercisable November 2, 2013	1.9
Exercisable November 2, 2013	93,037	[1]
Exercisable November 2, 2013 (in Dollars per share)	$6.04
[1]	Other Share Awards include deferred shares granted to Directors.

Defined_Benefit_Plans_Details

Defined Benefit Plans (Details) (USD $)	Nov. 02, 2013
Supplemental Employee Retirement Plan, Defined Benefit [Member]	'
Defined Benefit Plans (Details) [Line Items]	'
Defined Benefit Plan, Expected Future Benefit Payments, Next Twelve Months	$103,000
Director Retirement Plan [Member]	'
Defined Benefit Plans (Details) [Line Items]	'
Defined Benefit Plan, Expected Future Benefit Payments, Next Twelve Months	$49,000

Defined_Benefit_Plans_Details_

Defined Benefit Plans (Details) - Schedule Components of Net Periodic Benefit Cost and Other Comprehensive Income Loss (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Nov. 02, 2013	Oct. 27, 2012	Nov. 02, 2013	Oct. 27, 2012
Schedule Components of Net Periodic Benefit Cost and Other Comprehensive Income Loss [Abstract]	'	'	'	'
Service cost	$28	$22	$84	$66
Interest cost	164	159	492	477
Amortization of prior service cost	181	86	543	258
Amortization of net gain	-1	'	-3	'
Net periodic pension cost	$372	$267	$1,116	$801

Line_of_Credit_Details

Line of Credit (Details) (USD $)	Nov. 02, 2013	Oct. 27, 2012	Apr. 30, 2010	Nov. 02, 2013	Nov. 02, 2013	Nov. 02, 2013	Nov. 02, 2013	31-May-12	Nov. 02, 2013	Nov. 02, 2013
				LIBOR Rate [Member]	LIBOR Rate [Member]	Base Rate [Member]	Base Rate [Member]	Second Amended Credit Facility [Member]	Minimum [Member]	Maximum [Member]
				Minimum [Member]	Maximum [Member]	Minimum [Member]	Maximum [Member]		Second Amended Credit Facility [Member]	Second Amended Credit Facility [Member]
				Second Amended Credit Facility [Member]	Second Amended Credit Facility [Member]	Second Amended Credit Facility [Member]	Second Amended Credit Facility [Member]
Line of Credit (Details) [Line Items]	'	'	'	'	'	'	'	'	'	'
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)	'	'	$100,000,000	'	'	'	'	$75,000,000	'	'
Debt Instrument, Basis Spread on Variable Rate	'	'	'	2.25%	2.75%	0.75%	1.25%	'	'	'
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	'	'	'	'	'	'	'	'	0.38%	0.50%
Line of Credit Facility, Capacity Available for Trade Purchases (in Dollars)	65,000,000	'	'	'	'	'	'	'	'	'
Letters of Credit Outstanding, Amount (in Dollars)	$0	$600,000	'	'	'	'	'	'	'	'

Depreciation_and_Amortization_2

Depreciation and Amortization of Fixed Assets (Details) - Schedule of Depreciation and Amortization of Fixed Assets (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Nov. 02, 2013	Oct. 27, 2012	Nov. 02, 2013	Oct. 27, 2012
Schedule of Depreciation and Amortization of Fixed Assets [Abstract]	'	'	'	'
Cost of sales	$116	$122	$361	$372
Selling, general and administrative expenses	1,028	948	2,713	2,774
Total	$1,144	$1,070	$3,074	$3,146

Shareholders_Equity_Details

Shareholders' Equity (Details) (USD $)	9 Months Ended
	Nov. 02, 2013	Feb. 02, 2013	Oct. 27, 2012
Shareholders' Equity (Details) [Line Items]	'	'	'
Treasury Stock, Shares (in Shares)	25,823,001	25,102,990	25,102,990
Treasury Stock, Value	$221,723,000	$217,555,000	$217,555,000
Stock Repurchase Program, Remaining Authorized Repurchase Amount	20,600,000	'	'
Common Stock [Member]	'	'	'
Shareholders' Equity (Details) [Line Items]	'	'	'
Treasury Stock, Shares (in Shares)	302,000	'	'
Treasury Stock Acquired, Average Cost Per Share (in Dollars per share)	$4.57	'	'
Treasury Stock, Value	$1,400,000	'	'