3. Acquisition (Tables)

6 Months Ended

Jul. 31, 2016

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The following table summarizes the preliminary estimates of the fair values of the identifiable assets acquired and liabilities assumed in the Acquisition as of July 31, 2016. The preliminary estimates of fair value of identifiable assets acquired and liabilities assumed are subject to revisions, which may result in adjustments to the preliminary values presented below, when management’s appraisals and estimates are finalized, expected to be completed by the end of the current fiscal year.

Fair value estimates of assets acquired and liabilities assumed
Purchase price consideration
Cash paid for assets acquired, including working capital adjustment	$	86,062
Value of shares issued for assets acquired		15,000
Value of shares issued for excess net working capital		5,267
Total purchase price	$	106,329
Accounts receivable	$	46,210
Inventory		37,606
Prepaid expenses and other current assets		1,776
Property and equipment		5,801
Intangible assets		27,800
Goodwill		23,398
Accounts payable		(22,681	)
Accrued expenses		(4,861	)
Pension plan liabilities and deferred compensation balances		(8,720	)
Total purchase price	$	106,329

Business Acquisition, Pro Forma Information [Table Text Block]

The following unaudited consolidated pro forma summary has been prepared by adjusting our historical data to give effect to the Acquisition as if it had occurred on February 1, 2015:

	13 Weeks Ended		26 Weeks Ended
(in millions except per share data)	August 2, 2015		August 2, 2015
	(Pro forma)		(Pro forma)
Net Sales	$	139,580	$	265,379
Net Income		5,280		9,170
Basic EPS		0.49		0.85
Diluted EPS		0.49		0.85