STOCKHOLDERS' EQUITY

6 Months Ended

Jul. 23, 2011

Stockholders Equity [Abstract]

STOCKHOLDERS' EQUITY

NOTE 7  - STOCKHOLDERS' EQUITY

On August 24, 2011, the Company's Board of Directors authorized an extension of its share repurchase program and an increase in total shares from 1.0 million to 1.5 million shares.   During the 24 weeks ended July 23, 2011, the Company repurchased 52,937 shares of its common stock at an average price of $20.54 per share.

On July 29, 2011, the Company declared a third quarter cash dividend of 25 cents per share which was paid on August 15, 2011, in the amount of $1.8 million, to shareholders of record as of August 8, 2011.

On August 10, 2011, the stockholders of the Company approved an amendment to the Articles of Incorporation of the Company to reduce the number of authorized shares of common stock from 50 million shares to 16 million shares.