v3.25.2
Note 8 - Stockholders' Equity
 6 Months Ended
Aug. 02, 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 August 2, 2025 and August 3, 2024 (in thousands):

 

  

For the thirteen weeks ended August 2, 2025

  

For the thirteen weeks ended August 3, 2024

 
                                         
  

Common

          

Retained

      

Common

          

Retained

     
  

stock

  

APIC (1)

  

AOCI (2)

  

earnings

  

Total

  

stock

  

APIC (1)

  

AOCI (2)

  

earnings

  

Total

 

Balance, beginning

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

Stock-based compensation

      375           375       336           336 

Share repurchase

     (276)      (2,839)  (3,115)  (3)  (1,570)      (7,576)  (9,149)

Cash dividends

              (2,905)  (2,905)              (2,755)  (2,755)

Other comprehensive income (loss)

          (9)      (9)          240       240 

Net income

              12,367   12,367               8,778   8,778 

Balance, ending

 $132  $61,701  $(11,304) $104,866  $155,395  $136  $62,831  $(11,913) $74,737  $125,791 

 

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

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

 

The following table sets forth the changes in stockholders’ equity (in thousands) for the twenty-six weeks ended August 2, 2025 and August 3, 2024 (in thousands):

 

  

For the twenty-six weeks ended August 2, 2025

  

For the twenty-six weeks ended August 3, 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   2   1,094           1,096 

Stock-based compensation

      659           659       669           669 

Shares withheld in lieu of tax withholdings

      (1,266)          (1,266)  (1)  (2,089)          (2,090)

Share repurchase

  (1)  (782)      (6,540)  (7,323)  (7)  (3,173)      (15,167)  (18,347)

Cash dividends

              (5,796)  (5,796)              (5,565)  (5,565)

Other

              -   -               (40)  (40)

Other comprehensive income

          1,250       1,250           169       169 

Net income

              27,686   27,686               20,237   20,237 

Balance, ending

 $132  $61,701  $(11,304) $104,866  $155,395  $136  $62,831  $(11,913) $74,737  $125,791 

 

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

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

 

During the thirteen and twenty-six weeks ended August 2, 2025, the Company utilized $3.1 million in cash to repurchase 59,083 shares and utilized $7.3 million in cash to repurchase 167,585 shares, respectively, under its $100 million dollar stock repurchase program that was authorized by the Board of Directors on September 11, 2024 (the "September 2024 Stock Repurchase Program"). Between the end of the second fiscal quarter of 2025 and September 8, 2025, the Company utilized an additional $1.9 million in cash to repurchase 34,949 under the September 2024 Stock Repurchase Program, leaving the aggregate $80.0 million available for future repurchases under that plan.  For the thirteen and twenty-six weeks ended August 2, 2025, the Company's Board of Directors authorized cash dividends to shareholders of $2.9 million and $5.8 million, respectively.   

 

During the thirteen and twenty-six weeks ended August 3, 2024, the Company utilized $9.1 million in cash to repurchase 341,621 shares and utilized $18.2 million in cash to repurchase 685,027 shares, respectively, under its prior $50.0 million program authorized by its Board of Directors on August 31, 2022 (the "August 2022 Stock Repurchase Program"). For the thirteen and twenty-six weeks ended August 3, 2024, the Company's Board of Directors authorized cash dividends to shareholders of $2.7 million and $5.6 million, respectively.