Income Taxes |
3 Months Ended |
|---|---|
May 03, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Tax Disclosure [Text Block] | 13. Income Taxes
We recorded income tax expense of $326,000 and income tax benefits of $164,000 for the fiscal 2027 and fiscal 2026 first quarters from continuing operations, respectively, and tax benefits of $599,000 on the pretax loss from discontinued operations in fiscal 2026 first quarter. The consolidated effective tax rates for these periods were 23.5% and 21.1%, respectively. The increase in the effective tax rate for the current fiscal quarter was primarily due to relative impact of restricted stock compensation when compared to operating profits in the current year period and operating losses in the prior year period, as well as a change in valuation allowance recorded in the prior year period for a state loss carryforward.
No material and non-routine positions have been identified as uncertain tax positions.
Tax years ending January 28, 2024 through February 1, 2026 remain subject to examination by federal and state taxing authorities. |