v3.26.1
Note 8 - Stockholders' Equity
 6 Months Ended
Aug. 01, 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 August 1, 2026 and August 2, 2025 (in thousands).

 

  

For the thirteen weeks ended August 1, 2026

  

For the thirteen weeks ended August 2, 2025

 
                                         
  

Common

          

Retained

      

Common

          

Retained

     
  

stock

  

APIC (1)

  

AOCI (2)

  

earnings

  

Total

  

stock

  

APIC (1)

  

AOCI (2)

  

earnings

  

Total

 

Balance, beginning

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

Shares issued under employee stock plans

  2   (2)          -                   - 

Stock-based compensation

      34           34       375           375 

Shares withheld in lieu of tax withholdings

  -   (104)          (104)                  - 

Share repurchase

  (2)  (734)      (4,909)  (5,645)      (276)      (2,839)  (3,115)

Cash dividends

              (2,874)  (2,874)              (2,905)  (2,905)

Other

              -   -                   - 

Other comprehensive income

          (193)      (193)          (9)      (9)

Net income

             8,760   8,760               12,367   12,367 

Balance, ending

 $126  $59,113  $(11,132) $110,890  $158,997  $132  $61,701  $(11,304) $104,866  $155,395 

 

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

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

 

The following table sets forth the changes in stockholders’ equity for the twenty-six weeks ended August 1, 2026 and August 2, 2025 (in thousands).

 

  

For the twenty-six weeks ended August 1, 2026

  

For the twenty-six weeks ended August 2, 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

  2   241           243       1,103           1,103 

Stock-based compensation

      414           414       659           659 

Shares withheld in lieu of tax withholdings

  -   (454)          (454)      (1,266)          (1,266)

Share repurchase

  (4)  (1,909)      (15,240)  (17,153)  (1)  (782)      (6,540)  (7,323)

Cash dividends

              (5,768)  (5,768)              (5,796)  (5,796)

Other

              -   -                   - 

Other comprehensive income

          (372)      (372)          1,250       1,250 

Net income

              27,059   27,059               27,686   27,686 

Balance, ending

 $126  $59,113  $(11,132) $110,890  $158,997  $132  $61,701  $(11,304) $104,866  $155,395 

 

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

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

 

During the thirteen and twenty-six weeks ended August 1, 2026, the Company utilized $5.6 million in cash to repurchase 155,118 shares and utilized $17.0 million in cash to repurchase 403,236 shares, respectively, 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 second fiscal quarter of 2026 and September 8, 2026, the Company utilized an additional $4.2 million in cash to repurchase 129,194 shares under the September 2024 Stock Repurchase Program, leaving an aggregate of $40.5 million available for future repurchases under that plan.  For the thirteen and twenty-six weeks ended August 1, 2026, the Board authorized cash dividends to stockholders of $2.9 million and $5.8 million, respectively.

 

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 to repurchase 167,585 shares, respectively, under the September 2024 Stock Repurchase Program. For the thirteen and twenty-six weeks ended August 2, 2025, the Company's Board of Directors authorized cash dividends to stockholders of $2.9 million and $5.8 million, respectively.