RELATED PARTY TRANSACTIONS

12 Months Ended

Feb. 02, 2013

RELATED PARTY TRANSACTIONS

G.   RELATED PARTY TRANSACTIONS

Included in other assets is a note receivable of $1,125 as of February 2, 2013 and $1,095 as of January 28, 2012, respectively, from a life insurance trust fund controlled by the Company’s Chairman. The note was created over three years, beginning in July 1994, when the Company paid life insurance premiums of $200 each year for the Chairman on a personal policy. The note accrues interest at 5% of the principal balance per year and is to be paid from the life insurance proceeds. The note is secured by a life insurance policy on the Chairman.