SALES OF INVESTMENT (Notes)

12 Months Ended

Feb. 01, 2014

Investments, Debt and Equity Securities [Abstract]

Gain (Loss) on Investments [Table Text Block]

SALE OF INVESTMENT

On September 28, 2012, the Company sold its ownership interest in Ollie's Holdings, Inc., which it originally acquired in 2003. As a result of the sale, the Company recorded a pre-tax gain of $60.8 million in 2012 which is included in “Other (income) expense, net” on the accompanying consolidated statements of operations. The gain, net of tax, was $38.1 million and increased earnings per diluted share for 2012 by $0.16.