Shareholders' Equity

3 Months Ended

May 03, 2014

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

Note 10. Shareholders’ Equity

During the thirteen weeks ended May 3, 2014, the Company repurchased approximately 212,000 shares of common stock at an average price of $3.84 per share, for an aggregate purchase price of $0.8 million, including direct fees related to the purchase of shares, leaving approximately $18.6 million available for purchase under the $22.0 million share repurchase program approved by the Company’s Board of Directors in the third quarter of 2013. The Company classified the repurchased shares as treasury stock on the Company’s balance sheet.

On March 6, 2014, our board of directors declared a special cash dividend of $0.50 per common share, with an ex-dividend date of March 18, 2014. The total special dividend payout was $16 million.