Kaspien (KSPN) 10-Q 11 Jun 15 2015 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	2-May-15
Document and Entity Information [Abstract]
Entity Registrant Name	TRANS WORLD ENTERTAINMENT CORP
Document Type	10-Q
Current Fiscal Year End Date	-30
Entity Common Stock, Shares Outstanding	31,154,500
Amendment Flag	FALSE
Entity Central Index Key	795212
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	2-May-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	2-May-15	Jan. 31, 2015	3-May-14
In Thousands, unless otherwise specified
CURRENT ASSETS:
Cash and cash equivalents	$102,540	$118,537	$90,088
Merchandise inventory	121,577	126,377	140,138
Other current assets	9,112	10,244	9,759
Total current assets	233,229	255,158	239,985
NET FIXED ASSETS	18,026	15,769	13,914
OTHER ASSETS	9,328	9,082	9,132
TOTAL ASSETS	260,583	280,009	263,031
CURRENT LIABILITIES:
Accounts payable	44,582	63,527	46,999
Accrued expenses and other current liabilities	7,260	7,397	7,839
Deferred revenue	9,490	9,852	9,569
Current portion of capital lease obligations	649	938	1,101
Total current liabilities	61,981	81,714	65,508
CAPITAL LEASE OBLIGATIONS, less current portion			649
OTHER LONG-TERM LIABILITIES	26,769	26,555	23,109
TOTAL LIABILITIES	88,750	108,269	89,266
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; 58,337,668, 58,337,668 and 58,316,668 shares issued, respectively)	583	583	583
Additional paid-in capital	315,619	315,486	315,022
Treasury stock at cost (27,183,168, 27,094,423 and 26,320,550 shares, respectively)	-226,732	-226,412	-223,762
Accumulated other comprehensive (loss) income	-2,095	-2,181	26
Retained earnings	84,458	84,264	81,896
TOTAL SHAREHOLDERS’ EQUITY	171,833	171,740	173,765
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$260,583	$280,009	$263,031

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) (USD $)	2-May-15	Jan. 31, 2015	3-May-14
Preferred stock par value (in Dollars per share)	$0.01	$0.01	$0.01
Preferred stock, shares authorized	5,000,000	5,000,000	5,000,000
Preferred stock, shares issued	0	0	0
Common stock par value (in Dollars per share)	$0.01	$0.01	$0.01
Common stock, shares authorized	200,000,000	200,000,000	200,000,000
Common stock, shares issued	58,337,668	58,337,668	58,316,668
Treasury stock, shares at cost	27,183,168	27,094,423	26,320,550

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	2-May-15	3-May-14
Net sales	$77,963	$87,216
Cost of sales	47,160	54,439
Gross profit	30,803	32,777
Selling, general and administrative expenses	30,127	32,633
Income from operations	676	144
Interest expense, net	438	483
Income (loss) before income tax expense	238	-339
Income tax expense	44	47
Net income (loss)	$194	($386)
BASIC AND DILUTED INCOME (LOSS) PER SHARE:
Basic income (loss) per share (in Dollars per share)	$0.01	($0.01)
Weighted average number of common shares outstanding – basic (in Shares)	31,208	32,089
Diluted income (loss) per share (in Dollars per share)	$0.01	($0.01)
Weighted average number of common shares outstanding – diluted (in Shares)	31,371	32,089

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	2-May-15	3-May-14
Net income (loss)	$194	($386)
Amortization of pension costs	76	145
Comprehensive income (loss)	$270	($241)

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
In Thousands, unless otherwise specified	2-May-15	3-May-14
Net cash used by operating activities	($12,009)	($20,352)
Cash flows from investing activities:
Purchases of fixed assets	-3,379	-3,489
Net cash used by investing activities	-3,379	-3,489
Cash flows from financing activities:
Cash dividends paid		-16,036
Payments of capital lease obligations	-289	-254
Exercise of stock options		31
Purchase of treasury stock	-320	-814
Net cash used by financing activities	-609	-17,073
Net decrease in cash and cash equivalents	-15,997	-40,914
Cash and cash equivalents, beginning of period	118,537	131,002
Cash and cash equivalents, end of period	$102,540	$90,088

Nature_of_Operations

Nature of Operations	3 Months Ended
	2-May-15
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 May 2, 2015, the Company operated 310 stores totaling approximately 1.8 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.
	Management anticipates that any future cash requirements due to a shortfall in cash from operations would be funded by the Company’s cash and cash equivalents on hand and its revolving credit facility.
	Seasonality:
	The Company’s business is seasonal, with the fourth fiscal quarter constituting the Company’s peak selling period. In fiscal 2014, the fourth quarter accounted for approximately 35% of annual net sales and all of net income. 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 staffs. 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	3 Months Ended
	2-May-15
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. 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.
	Selling, general and administrative expenses include miscellaneous income and expense items, other than interest.  The Company recorded miscellaneous income items of $1.5 million and $1.3 million for the thirteen weeks ended May 2, 2015 and May 3, 2014, respectively.
	The information presented in the accompanying unaudited condensed consolidated balance sheet as of January 31, 2015 has been derived from the Company’s January 31, 2015 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 weeks ended May 2, 2015 and May 3, 2014. 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 January 31, 2015.
	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 January 31, 2015.

Recently_Adopted_Accounting_Pr

Recently Adopted Accounting Pronouncements	3 Months Ended
	2-May-15
Accounting Changes and Error Corrections [Abstract]
Accounting Changes and Error Corrections [Text Block]	Note 3. Recently Adopted Accounting Pronouncements
	In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No.  2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, (“ASU 2014-08”). This amendment changes the requirements for reporting discontinued operations and includes enhanced disclosures about discontinued operations. Under the amendment, only those disposals of components of an entity that represent a strategic shift that has a major effect on an entity’s operations and financial results will be reported as discontinued operations in the financial statements. ASU 2014-08 is effective prospectively for annual periods beginning on or after December 15, 2014, and interim reporting periods within those years. The Company adopted ASU 2014-08 as of the beginning of 2015 and it did not have a material impact on the Company’s consolidated financial position, cash flows, or results of operations.

Stock_Based_Compensation

Stock Based Compensation	3 Months Ended
	2-May-15
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 the thirteen weeks ended May 2, 2015 and May 3, 2014 was approximately $133,000 and $60,000, respectively, before income taxes. No deferred tax benefit was recorded against stock-based compensation expense for the thirteen weeks ended May 2, 2015 and May 3, 2014.
	As of May 2, 2015, there was approximately $756,000 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 May 2, 2015, stock awards authorized for issuance under the Company’s current long term equity incentive plans total 8.0 million. There are certain authorized stock awards for which the Company no longer grants awards. Of these awards authorized for issuance, 2.2 million were granted and are outstanding, 1.2 million of which were vested and exercisable. Awards available for future grants at May 2, 2015 were 2.4 million.
	The table below outlines the assumptions that the Company used to estimate the fair value of stock based awards granted during the thirteen weeks ended May 2, 2015:
	Dividend yield		0%
	Expected stock price volatility		42.0%-50.2%
	Risk-free interest rate		1.32%-1.71%
	Expected award life (in years)		4.98-5.71
	Weighted average fair value per share of awards granted during the period		$1.47
	The following table summarizes stock award activity during the thirteen weeks ended May 2, 2015:
				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
				Option					Contractual Term				Fair Value
	Balance January 31, 2015				2,465,110		$	6.81		3.8		237,400	$	3.75
	Granted				135,000			3.73		9.9		13,774		3.63
	Canceled				(668,735	)		14		—		—		—
	Balance May 2, 2015				1,931,375		$	4.1		5.2		251,174	$	3.74
	Exercisable May 2, 2015				1,182,625		$	4.42		3		51,774	$	4.68
		-1	Other Share Awards include deferred shares granted to Directors and restricted share units granted to executive officers.
	As of May 2, 2015, the intrinsic value of stock awards outstanding was approximately $680,000 and exercisable was $455,000.

Defined_Benefit_Plans

Defined Benefit Plans	3 Months Ended
	2-May-15
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. During the thirteen weeks ended May 2, 2015, the Company did not make any cash contributions to the SERP and presently expects to pay approximately $182,000 in benefits relating to the SERP during Fiscal 2015.
	The Company had previously provided the Board of Directors with a noncontributory, unfunded retirement plan (“Director Retirement Plan”) that paid retired directors an annual retirement benefit. During the thirteen weeks ended May 2, 2015, the Company did not make any cash contributions to the Director Retirement Plan, and presently expects to pay approximately $25,000 in benefits relating to the Director Retirement Plan during Fiscal 2015.
	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
		May 2,			May 3,
		2015			2014
		(in thousands)
	Service cost	$	17		$	14
	Interest cost		145			172
	Amortization of prior service cost		85			180
	Amortization of net gain		(9	)		(35	)
	Net periodic pension cost	$	238		$	331

Line_of_Credit

Line of Credit	3 Months Ended
	2-May-15
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	Note 6. Line of Credit
	In May 2012, the Company entered into a $75 million credit facility (“Credit Facility”) which amended the previous credit facility. The principal amount of all outstanding loans under the 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 Credit Facility. Payments of amounts due under the Credit Facility are secured by the assets of the Company.
	The Credit Facility includes customary provisions, including affirmative and negative covenants, which include representations, warranties and restrictions on additional indebtedness and acquisitions. The Credit Facility also includes customary events of default, including, among other things, material adverse effect, bankruptcy, and certain changes of control. The Credit Facility also contains other terms and conditions, including limitations on the payment of dividends and covenants around the number of store closings. The Company is compliant with all covenants.
	Interest under the 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, 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 Credit Facility is subject to limitations based on inventory levels.
	During the first quarters of 2015 and 2014, the Company did not have any borrowings under the Credit Facility. The Company did not have any borrowings under its Credit Facility during Fiscal 2012, Fiscal 2013 and Fiscal 2014. As of May 2, 2015 and May 3, 2014, the Company had no outstanding letter of credit obligations under the Credit Facility. The Company had $38 million and $47 million available for borrowing as of May 2, 2015 and May 3, 2014, respectively.

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Income/Loss	3 Months Ended
	2-May-15
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 difference between the accrued pension liability and accrued benefit cost, net of taxes, associated with the Company’s defined benefit plans. Comprehensive income (loss) consists of net income and the reclassification of pension costs previously reported in comprehensive income (loss) for the thirteen weeks ended May 2, 2015 and May 3, 2014.

Depreciation_and_Amortization_

Depreciation and Amortization of Fixed Assets	3 Months Ended
	2-May-15
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
		May 2,		May 3,
		2015		2014
		(in thousands)
	Cost of sales	$	122	$	123
	Selling, general and administrative expenses		964		782
	Total	$	1,086	$	905

Income_Loss_Per_Share

Income (Loss) Per Share	3 Months Ended
	2-May-15
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	Note 9. Income (Loss) Per Share
	Basic income (loss) per share is calculated by dividing net income (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.
	Weighted average shares are calculated as follows:
		Thirteen weeks ended
		2-May-15		3-May-14
		(in thousands)
	Weighted average common shares outstanding – basic		31,208		32,089
	Dilutive effect of employee stock options		163		—
	Weighted average common shares outstanding–diluted		31,371		32,089
	Anti-dilutive stock options		1,405		1,685

Shareholders_Equity

Shareholders' Equity	3 Months Ended
	2-May-15
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	Note 10. Shareholders’ Equity
	During the thirteen weeks ending May 2, 2015, the Company repurchased 88,745 shares of common stock at an average price of $3.57 per share. Since the inception of the program, the Company has repurchased 1,662,563 shares of common stock at an average price of $3.84 per share. The Company has approximately $15.6 million available for purchase under its repurchase program.
	The Company classified the repurchased shares as treasury stock on the Company’s balance sheet.

Stock_Based_Compensation_Table

Stock Based Compensation (Tables)	3 Months Ended
	2-May-15
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 thirteen weeks ended May 2, 2015:
	Dividend yield	0%
	Expected stock price volatility	42.0%-50.2%
	Risk-free interest rate	1.32%-1.71%
	Expected award life (in years)	4.98-5.71
	Weighted average fair value per share of awards granted during the period	$1.47
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]	The following table summarizes stock award activity during the thirteen weeks ended May 2, 2015:
			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
			Option					Contractual Term				Fair Value
	Balance January 31, 2015			2,465,110		$	6.81		3.8		237,400	$	3.75
	Granted			135,000			3.73		9.9		13,774		3.63
	Canceled			(668,735	)		14		—		—		—
	Balance May 2, 2015			1,931,375		$	4.1		5.2		251,174	$	3.74
	Exercisable May 2, 2015			1,182,625		$	4.42		3		51,774	$	4.68

Defined_Benefit_Plans_Tables

Defined Benefit Plans (Tables)	3 Months Ended
	2-May-15
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
		May 2,			May 3,
		2015			2014
		(in thousands)
	Service cost	$	17		$	14
	Interest cost		145			172
	Amortization of prior service cost		85			180
	Amortization of net gain		(9	)		(35	)
	Net periodic pension cost	$	238		$	331

Depreciation_and_Amortization_1

Depreciation and Amortization of Fixed Assets (Tables)	3 Months Ended
	2-May-15
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
		May 2,		May 3,
		2015		2014
		(in thousands)
	Cost of sales	$	122	$	123
	Selling, general and administrative expenses		964		782
	Total	$	1,086	$	905

Income_Loss_Per_Share_Tables

Income (Loss) Per Share (Tables)	3 Months Ended
	2-May-15
Earnings Per Share [Abstract]
Schedule of Weighted Average Number of Shares [Table Text Block]	Weighted average shares are calculated as follows:
		Thirteen weeks ended
		2-May-15		3-May-14
		(in thousands)
	Weighted average common shares outstanding – basic		31,208		32,089
	Dilutive effect of employee stock options		163		—
	Weighted average common shares outstanding–diluted		31,371		32,089
	Anti-dilutive stock options		1,405		1,685

Nature_of_Operations_Details

Nature of Operations (Details)	3 Months Ended
	Jan. 31, 2015	2-May-15
		sqft
Disclosure Text Block [Abstract]
Number of Stores		310
Area of Stores (in Square Feet)		1,800,000
Percentage of Annual Net Sales Recorded in the Fourth Quarter	35.00%

Basis_of_Presentation_Details

Basis of Presentation (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	2-May-15	3-May-14
Disclosure Text Block [Abstract]
Other Income	$1.50	$1.30

Stock_Based_Compensation_Detai

Stock Based Compensation (Details) (USD $)	3 Months Ended
Share data in Millions, unless otherwise specified	2-May-15	3-May-14
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-based Compensation	$133,000	$60,000
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost	0	0
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	756,000
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)	8
Share Based Compensation Arrangement By Share Based Payment Award Options And Other Than Options Outstanding Number (in Shares)	2.2
Share Based Compensation Arrangement By Share Based Payment Award Options And Other Than Options Vested And Expected To Vest Exercisable Number (in Shares)	1.2
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in Shares)	2.4
Intrinsic Value of Stock Awards Outstanding	680,000
Intrinsic Value of Stock Awards Exercisable	$455,000

Stock_Based_Compensation_Detai1

Stock Based Compensation (Details) - Schedule for estimation of fair value for the stock based awards granted (USD $)	3 Months Ended
	2-May-15
Stock Based Compensation (Details) - Schedule for estimation of fair value for the stock based awards granted [Line Items]
Dividend yield	0.00%
Weighted average fair value per share of awards granted during the period (in Dollars per share)	$1.47
Minimum [Member]
Stock Based Compensation (Details) - Schedule for estimation of fair value for the stock based awards granted [Line Items]
Expected stock price volatility	42.00%
Risk-free interest rate	1.32%
Expected award life (in years)	4 years 357 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	50.20%
Risk-free interest rate	1.71%
Expected award life (in years)	5 years 259 days

Stock_Based_Compensation_Detai2

Stock Based Compensation (Details) - Schedule of Disclosure of Share-based Compensation Arrangements by Share-based Payment Award (USD $)	3 Months Ended
	2-May-15		Jan. 31, 2015
Schedule of Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Abstract]
Number of Shares Subject To option, Balance	1,931,375		2,465,110
Weighted Average Exercise Price	$4.10		$6.81
Weighted Average Remaining Contractual Term	5.2		3.8
Other Share Awards, Balance	251,174	[1]	237,400	[1]
Weighted Average Grant Date Value, Balance	$3.74		$3.75
Exercisable May 2, 2015	1,182,625
Exercisable May 2, 2015	$4.42
Exercisable May 2, 2015	3
Exercisable May 2, 2015	51,774	[1]
Exercisable May 2, 2015	$4.68
Granted	13,774	[1]
Granted	$3.63
Granted	135,000
Granted	$3.73
Granted	9.9
Canceled	-668,735
Canceled	$14
[1]	Other Share Awards include deferred shares granted to Directors and restricted share units granted to executive officers.

Defined_Benefit_Plans_Details

Defined Benefit Plans (Details) (USD $)	2-May-15
Supplemental Employee Retirement Plan [Member]
Defined Benefit Plans (Details) [Line Items]
Defined Benefit Plan, Expected Future Benefit Payments, Next Twelve Months	$182,000
Director Retirement Plan [Member]
Defined Benefit Plans (Details) [Line Items]
Defined Benefit Plan, Expected Future Benefit Payments, Next Twelve Months	$25,000

Defined_Benefit_Plans_Details_

Defined Benefit Plans (Details) - Schedule Components of Net Periodic Benefit Cost and Other Comprehensive Income Loss (USD $)	3 Months Ended
In Thousands, unless otherwise specified	2-May-15	3-May-14
Schedule Components of Net Periodic Benefit Cost and Other Comprehensive Income Loss [Abstract]
Service cost	$17	$14
Interest cost	145	172
Amortization of prior service cost	85	180
Amortization of net gain	-9	-35
Net periodic pension cost	$238	$331

Line_of_Credit_Details

Line of Credit (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	2-May-15	3-May-14
Line of Credit (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)	75
Line of Credit Facility, Current Borrowing Capacity (in Dollars)	38	$47
LIBOR Rate [Member] | Minimum [Member] | Credit Facility [Member]
Line of Credit (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.25%
LIBOR Rate [Member] | Maximum [Member] | Credit Facility [Member]
Line of Credit (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.75%
Base Rate [Member] | Minimum [Member] | Credit Facility [Member]
Line of Credit (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.75%
Base Rate [Member] | Maximum [Member] | Credit Facility [Member]
Line of Credit (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.25%
Minimum [Member] | Credit Facility [Member]
Line of Credit (Details) [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.38%
Maximum [Member] | Credit Facility [Member]
Line of Credit (Details) [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.50%

Depreciation_and_Amortization_2

Depreciation and Amortization of Fixed Assets (Details) - Schedule of Depreciation and Amortization of Fixed Assets (USD $)	3 Months Ended
In Thousands, unless otherwise specified	2-May-15	3-May-14
Schedule of Depreciation and Amortization of Fixed Assets [Abstract]
Cost of sales	$122	$123
Selling, general and administrative expenses	964	782
Total	$1,086	$905

Income_Loss_Per_Share_Details_

Income (Loss) Per Share (Details) - Schedule of Weighted Average Number of Shares	3 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	2-May-15	3-May-14	2-May-15	3-May-14
Schedule of Weighted Average Number of Shares [Abstract]
Weighted average common shares outstanding – basic	31,208	32,089	31,208	32,089
Dilutive effect of employee stock options			163
Weighted average common shares outstanding–diluted	31,371	32,089	31,371	32,089
Anti-dilutive stock options			1,405	1,685

Shareholders_Equity_Details

Shareholders' Equity (Details) (USD $)	3 Months Ended	20 Months Ended
In Millions, except Share data, unless otherwise specified	2-May-15	3-May-15
Shareholders' Equity (Details) [Line Items]
Stock Repurchase Program, Remaining Authorized Repurchase Amount		$15.60
Common Stock [Member]
Shareholders' Equity (Details) [Line Items]
Stock Repurchased During Period, Shares	88,745	1,662,563
Treasury Stock Acquired, Average Cost Per Share	$3.57	$3.84