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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Apr. 30, 2023
May 01, 2022
Operating Activities:    
Net income $ 1,450 $ 3,182
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:    
Depreciation and amortization 2,147 2,287
Deferred income tax expense 293 1,838
Noncash restricted stock and performance awards 371 354
Provision for doubtful accounts and sales allowances 37 (349)
Gain on life insurance policies (634) (568)
Changes in assets and liabilities:    
Trade accounts receivable 7,564 (7,386)
Inventories 23,487 (30,082)
Income tax recoverable 93 (762)
Prepaid expenses and other assets (2,080) (4,145)
Trade accounts payable (240) 10,493
Accrued salaries, wages, and benefits (3,547) (1,827)
Customer deposits (1,928) (906)
Operating lease assets and liabilities 305 (168)
Other accrued expenses (4,743) (1,830)
Deferred compensation (225) (149)
Net cash provided by/(used in) operating activities 22,350 (30,018)
Investing Activities:    
Acquisitions 0 (25,912)
Purchases of property and equipment (3,158) (830)
Premiums paid on life insurance policies (107) (118)
Net cash used in investing activities (3,265) (26,860)
Financing Activities:    
Purchase and retirement of common stock (4,317) 0
Payments for long-term loans (350) 0
Cash dividends paid (2,444) (2,388)
Cash used in financing activities (7,111) (2,388)
Net increase/(decrease) in cash and cash equivalents 11,974 (59,266)
Cash and cash equivalents - beginning of year 19,002 69,366
Cash and cash equivalents - end of quarter 30,976 10,100
Cash paid/(refund) for income taxes 16 (85)
Cash paid for interest, net 202 0
Increase in lease liabilities arising from changes in right-of-use assets 0 3,689
Increase in property and equipment through accrued purchases $ 145 $ 47