v3.26.1
Note 8 - Stockholders' Equity
 3 Months Ended
May 02, 2026
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 2, 2026 and May 3, 2025 (in thousands).

 

  

For the thirteen weeks ended May 2, 2026

  

For the thirteen weeks ended May 3, 2025

 
                                         
  

Common

          

Retained

      

Common

          

Retained

     
  

stock

  

APIC (1)

  

AOCI (2)

  

earnings

  

Total

  

stock

  

APIC (1)

  

AOCI (2)

  

earnings

  

Total

 

Balance, beginning

 $128  $60,821  $(10,760) $104,839  $155,028  $133  $61,987  $(12,554) $89,516  $139,082 

Shares issued under employee stock plans

      243           243       1,103           1,103 

Stock-based compensation

      381           381       284           284 

Shares withheld in lieu of tax withholdings

  -   (350)          (350)      (1,266)          (1,266)

Share repurchase

  (2)  (1,176)      (10,331)  (11,509)  (1)  (506)      (3,701)  (4,208)

Cash dividends

              (2,894)  (2,894)              (2,891)  (2,891)

Other

              -   -                   - 

Other comprehensive income

          (179)      (179)          1,259       1,259 

Net income

              18,299   18,299               15,319   15,319 

Balance, ending

 $126  $59,919  $(10,939) $109,913  $159,019  $132  $61,602  $(11,295) $98,243  $148,682 

 

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

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

 

During the thirteen weeks ended May 2, 2026, the Company utilized $11.4 million in cash to repurchase 248,118 shares under its $100 million stock repurchase program that was authorized by the Board on September 11, 2024 (the "September 2024 Stock Repurchase Program"). Between the end of the first fiscal quarter of 2026 and June 9, 2026, the Company utilized an additional $3.8 million in cash to repurchase 103,064 shares under the September 2024 Stock Repurchase Program, leaving an aggregate of $46.5 million available for future repurchases under that plan.  For the thirteen weeks ended May 2, 2026, the Board authorized cash dividends to shareholders of $2.9 million on  March 11, 2026, as the Board declared a quarterly cash dividend of $0.23 per share on the issued and outstanding common stock of the company. The dividend was paid on April 9, 2026, to all stockholders of record as of March 26, 2026.

 

During the thirteen weeks ended May 3, 2025, the Company utilized $4.2 million in cash to repurchase 108,502 shares under the September 2024 Stock Repurchase Program. The Company's Board of Directors also declared a quarterly cash dividend of $0.22 per share that was paid on April 10, 2025, to shareholders of record as of March 27, 2025.