v3.25.1
Note 8 - Stockholders' Equity
 3 Months Ended
May 03, 2025
Notes to Financial Statements  
Equity [Text Block]

8. Stockholders’ Equity

 

The following table sets forth the changes in stockholders’ equity (in thousands) for the thirteen weeks ended May 3, 2025 and May 4, 2024 (in thousands):

 

  

For the thirteen weeks ended May 3, 2025

  

For the thirteen weeks ended May 4, 2024

 
                                         
  

Common

          

Retained

      

Common

          

Retained

     
  

stock

  

APIC (1)

  

AOCI (2)

  

earnings

  

Total

  

stock

  

APIC (1)

  

AOCI (2)

  

earnings

  

Total

 

Balance, beginning

 $133  $61,987  $(12,554) $89,516  $139,082  $142  $66,330  $(12,082) $75,272   129,662 

Shares issued under employee stock plans

      1,103           1,103   1   1,094           1,095 

Stock-based compensation

      284           284       334           334 

Shares withheld in lieu of tax withholdings

      (1,266)          (1,266)      (2,089)          (2,089)

Share Repurchase

  (1)  (506)      (3,701)  (4,208)  (4)  (1,604)      (7,591)  (9,199)

Cash Dividends

              (2,891)  (2,891)              (2,810)  (2,810)

Other

                  -               (40)  (40)

Other comprehensive income (loss)

          1,259       1,259           (71)      (71)

Net income

              15,319   15,319               11,459   11,459 

Balance, ending

 $132  $61,602  $(11,295) $98,243  $148,682  $139  $64,065  $(12,153) $76,290  $128,341 

 

(1) Additional paid-in capital (“APIC”)

(2) Accumulated other comprehensive loss (“AOCI”)

 

During the thirteen weeks ended May 3, 2025, the Company utilized $4.2 million in cash to repurchase 108,502 shares under its $100 million dollar stock repurchase program that was authorized by the Board of Directors on September 11, 2024.  As of the end of the first quarter, there was $85.0 million available for future repurchases.  For the thirteen weeks ended May 3, 2025, the Company's Board of Directors declared a $0.22 per share cash dividend that was paid on April 10, 2025, to shareholders of record as of  March 27, 2025.  The cash dividend paid totaled $2.9 million.

 

During the thirteen weeks ended May 4, 2024, the Company utilized $9.2 million in cash to repurchase 343,406 shares under the Company's previous $50.0 million stock repurchase program that was authorized by its Board of Directors on August 31, 2022. The Company's Board of Directors also declared a quarterly cash dividend of $0.20 per share that was paid on April 11, 2024, to all stockholders of record as of March 28, 2024.