ACCUMULATED OTHER COMPREHENSIVE INCOME

3 Months Ended

Apr. 30, 2016

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME

NOTE 7: ACCUMULATED OTHER COMPREHENSIVE INCOME

Comprehensive income consists of two components, net income and other comprehensive income (loss). Other comprehensive income (loss) refers to gains and losses that are recorded as an element of shareholders’ equity but are excluded from net income pursuant to GAAP. The Company’s accumulated other comprehensive income includes the unrecognized prior service costs, transition obligations and actuarial gains/losses associated with our post-retirement benefit plan.

The following table illustrates the activity in accumulated other comprehensive income:

	Thirteen Weeks Ended				Year Ended
(in thousands)	April 30, 2016		May 2, 2015		January 30, 2016
Accumulated other comprehensive income	$	475	$	570	$	780
Amortization of post-retirement benefit		-		-		(305	)
Ending balance	$	475	$	570	$	475