Summary of Significant Accounting Policies (Tables)

9 Months Ended

Oct. 27, 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				Nine Months Ended
	October 27, 2012		October 29, 2011		October 27, 2012		October 29, 2011
Numerator:
Net income-numerator for net income per common share and net income per common share assuming dilution	$	2,077,000	$	1,049,000	$	5,756,000	$	5,972,000
Denominator:
Denominator for net income per common share — weighted average Shares	8,397,416		8,419,473		8,391,666		8,476,469
Effect of dilutive securities:
Stock options	38,173		1,912		12,996		3,369
Denominator for net income per common share, assuming dilution:
Adjusted weighted average shares and assumed exercises	8,435,589		8,421,385		8,404,662		8,479,838

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 51.21
Avg. Risk-Free Rate	0.57% to 1.01%	1.1%
Expected Life (in years)	4.5	4.5 to 5.0
Estimated Forfeiture Rate	17%	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	(5,500	)	13.06
Canceled/forfeited	(186,333	)	18.44
Outstanding, at October 27, 2012	1,075,000		16.37		4.67	662,870
Vested and Exercisable at October 27, 2012	458,831		17.66		3.42	67,870
Non-vested and not exercisable at October 27, 2012	616,169		15.42		5.38	595,000