v3.26.1
Income Taxes
 6 Months Ended
Aug. 01, 2026
Income Taxes [Abstract]  
Income Taxes
NOTE 9 – INCOME TAXES:
The
Company had
an
effective
tax
rate
for
the
first
six
months of
fiscal
2026 of
6.0
%
compared to
an
effective
tax
rate
of
5.9
%
for
the
first
six
months
of
fiscal
2025.
Income
tax
expense
for
the
first
six
months
increased
to
$
0.7
million
in
fiscal
2026
from
$
0.6
million
in
fiscal
2025.
The
increase
in
tax
expense
is
due
to
the
non-recurring
prior
year
favorable
adjustment
to
the
federal
net
operating
loss
carryback
claim
as
a
result
of
the
Coronavirus
Aid,
Relief
and
Economic
Security
Act
(CARES
Act),
partially offset by lower foreign and state income taxes.
During
the
second
quarter
of
fiscal
2026,
the
Company
received
a
$
5.6
million
payment
for
the
outstanding balance of its income tax refund receivable due from
the IRS.