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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jul. 30, 2023
Jul. 31, 2022
Operating Activities:    
Net income $ 2,234 $ 8,726
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:    
Depreciation and amortization 4,372 4,409
Deferred income tax expense 481 1,839
Noncash restricted stock and performance awards 1,043 873
Provision for doubtful accounts and sales allowances (475) (1,532)
Gain on life insurance policies (684) (587)
Loss/(Gain) on disposal of assets 30 0
Changes in assets and liabilities:    
Trade accounts receivable 23,163 (4,843)
Inventories 35,062 (53,489)
Income tax recoverable 53 787
Prepaid expenses and other assets (3,528) (6,175)
Trade accounts payable (2,029) 4,691
Accrued salaries, wages, and benefits (2,843) (1,480)
Customer deposits (241) 27
Operating lease assets and liabilities 366 (151)
Other accrued expenses (5,154) (1,293)
Deferred compensation (438) (283)
Net cash provided by/(used in) operating activities 51,412 (48,481)
Investing Activities:    
Acquisitions (2,373) (25,912)
Purchases of property and equipment (3,965) (1,947)
Premiums paid on life insurance policies (317) (404)
Proceeds received on life insurance policies 444 0
Net cash used in investing activities (6,211) (28,263)
Financing Activities:    
Purchase and retirement of common stock (8,668) (1,137)
Cash dividends paid (4,856) (4,794)
Payments for long-term loans (700) 0
Proceeds from long-term loans 0 25,000
Proceeds from revolving credit facility 0 30,301
Payments for revolving credit facility 0 (30,301)
Debt issuance cost 0 (38)
Net cash (used in)/provided by financing activities (14,224) 19,031
Net increase/(decrease) in cash and cash equivalents 30,977 (57,713)
Cash and cash equivalents - beginning of year 19,002 69,366
Cash and cash equivalents - end of quarter 49,979 11,653
Supplemental disclosure of cash flow information:    
Cash paid/(refund) for income taxes 60 (14)
Cash paid for interest, net 914 55
Non-cash transactions:    
(Decrease)/Increase in lease liabilities arising from changes in right-of-use assets (6,356) 7,680
Increase in property and equipment through accrued purchases $ 8 $ 207