Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jul. 28, 2012

Summary of Significant Accounting Policies

Schedule of reconciliation of the numerator and denominator of the basic and diluted per share computations

	Three Months Ended				Six Months Ended
	July 28, 2012		July 30, 2011		July 28, 2012		July 30, 2011
Numerator:
Net income-numerator for net income per common share and net income per common share assuming dilution	$	1,608,000	$	1,672,000	$	3,679,000	$	4,923,000
Denominator:
Denominator for net income per common share — weighted average Shares	8,390,417		8,504,247		8,388,791		8,501,867
Effect of dilutive securities:
Stock options	15,371		30,271		7,547		26,434
Denominator for net income per common share, assuming dilution:
Adjusted weighted average shares and assumed exercises	8,405,788		8,534,518		8,396,338		8,528,301

Schedule of weighted average assumptions under the Black- Scholes option-pricing model for estimation of fair value of options

	Fiscal 2013	Fiscal 2012
Expected Dividend Yield	5.67% to 7.33%	4.65% to 6.67%
Expected Volatility	51.63 to 53.33	49.28 to 51.95
Avg. Risk-Free Rate	0.57% to 1.01%	0.74% to 1.1%
Expected Life (in years)	4.5	4.5 to 5.0
Estimated Forfeiture Rate	15%	30%

Summary of activity for stock options

					Weighted
					Average
					Remaining
			Weighted		Contractual	Aggregate
			Average		Term	Intrinsic
	Shares		Price		(in years)	Value
Outstanding, at January 28, 2012	973,833		$	17.92
Granted	293,000		$	11.75
Exercised
Canceled/forfeited	(163,334	)	$	19.23
Outstanding, at July 28, 2012	1,103,499		$	16.28	4.94	$	577,600
Vested and Exercisable at July 28, 2012	445,663		$	17.68	3.11	$	34,100
Non-vested and not exercisable at July 28, 2012	657,836		$	15.35	5.65	$	543,500