|
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $) In Thousands
|
3 Months Ended |
|
May 01, 2011
|
May 02, 2010
|
| Cash flows from operating activities |
 |
 |
| Cash received from customers |
$ 56,963 |
$ 52,427 |
| Cash paid to suppliers and employees |
(51,595) |
(50,378) |
| Insurance procceds received on casualty loss |
 |
500 |
| Income taxes applied / (paid), net |
204 |
(227) |
| Interest received / (paid), net |
23 |
(45) |
| Net cash provided by operating activities |
5,595 |
2,277 |
| Cash flows from investing activities |
 |
 |
| Purchase of property, plant and equipment |
(969) |
(198) |
| Other |
6 |
 |
| Proceeds from the sale of property and equipment |
3 |
5 |
| Premiums paid on company-owned life insurance |
(187) |
(255) |
| Net cash used in investing activities |
(1,147) |
(448) |
| Cash flows from financing activities |
 |
 |
| Cash dividends paid |
(1,078) |
(1,077) |
| Net cash used in financing activities |
(1,078) |
(1,077) |
| Net increase in cash and cash equivalents |
3,370 |
752 |
| Cash and cash equivalents at the beginning of the period |
16,623 |
37,995 |
| Cash and cash equivalents at the end of the period |
19,993 |
38,747 |
| Reconciliation of net income to net cash provided by operating activities: |
 |
 |
| Net income |
523 |
1,074 |
| Depreciation and amortization |
632 |
748 |
| Non-cash restricted stock awards and performance grants |
(123) |
15 |
| Gain on the disposal of property |
(3) |
 |
| Restructuring credit |
(129) |
 |
| Provision for doubtful accounts |
187 |
(329) |
| Deferred income taxes |
(312) |
(159) |
| Changes in assets and liabilities: |
 |
 |
| Trade accounts receivable |
(1,651) |
1,835 |
| Inventories |
7,997 |
(2,365) |
| Prepaid expenses and other current assets |
(330) |
(30) |
| Trade accounts payable |
(1,156) |
279 |
| Accrued salaries, wages, and benefits |
(789) |
381 |
| Accrued income taxes |
794 |
576 |
| Other accrued expenses |
(260) |
59 |
| Deferred compensation |
215 |
193 |
| Net cash provided by operating activties |
$ 5,595 |
$ 2,277 |