Shareholders' Equity

6 Months Ended

Aug. 02, 2014

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

Note 10. Shareholders’ Equity

During the twenty-six weeks ended August 2, 2014, the Company repurchased approximately 529,000 shares of common stock at an average price of $3.59 per share, for an aggregate purchase price of $1.9 million, including direct fees related to the purchase of shares. Since the inception of the program, the Company has repurchased approximately 1.1 million shares of common stock at an average price of $4.03 per share, for an aggregate purchase price of approximately $4.5 million. The Company has $17.5 million available for purchase under its repurchase program. 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 $16.0 million.