Income Taxes (Tables)

12 Months Ended

Feb. 03, 2018

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Income tax expense (benefit) consists of the following:

	Fiscal Year
	2017		2016				2015
($ in thousands)
Federal - current	$	(500)	$	-		$	-
State - current		201		215			181
Deferred		-		(6,988	)		-
Income tax expense (benefit)	$	(299)	$	(6,773	)	$	181

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

A reconciliation of the Company’s effective income tax rate with the federal statutory rate is as follows:

	Fiscal Year
	2017		2016		2015
Federal statutory rate		33.7%		35.0%		35.0%
State income taxes		(0.5%)		(6.0%)		4.1%
Change in valuation allowance		36.1%		(57.2%)		(39.0%)
Cash surrender value - insurance / benefit program		7.0%		4.0%		5.3%
Contingent consideration		2.6%		19.1%		—%
Change in US Federal Statutory Tax Rate		(79.4%)		—%		—%
Deferred tax benefit - acquisition		—%		196.1%		—%
Other		1.2%		(0.9%)		0.9%
Effective tax rate		0.7%		190.1%		6.3%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Significant components of the Company’s deferred tax assets and liabilities are as follows:

	February 3, 2018			January 28, 2017
($ in thousands)
DEFERRED TAX ASSET
Accrued Expenses	$	260		$	400
Inventory		-			347
Retirement and compensation related accruals		6,724			9,063
Fixed assets		7,561			1,718
Federal and state net operating loss and credit carry forwards		64,807			83,221
Real estate leases, included deferred rent		2,446			4,141
Losses on investment		827			1,268
Others		577			901
Gross deferred tax assets before valuation allowance		83,202			101,059
Less: valuation allowance		(76,810	)		(89,443	)
Total deferred tax assets	$	6,392		$	11,616
DEFERRED TAX LIABILITIES
Intangibles	$	(6,193	)	$	(11,616	)
Inventory		(199	)		-
Total deferred tax liabilities	$	(6,392	)	$	(11,616	)
NET DEFERRED TAX ASSET	$	-		$	-

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

A reconciliation of the beginning and ending amounts of unrecognized tax benefits for the respective years is provided below. Amounts presented excluded interest and penalties, where applicable, on unrecognized tax benefits:

	Fiscal Year
	2017		2016		2015
($ in thousands)
Unrecognized tax benefits at beginning of year	$	1,930	$	1,930	$	1,930
Increases in tax positions from prior years		-		-		-
Decreases in tax positions from prior years		-		-		-
Increases in tax positions for current years		-		-		-
Settlements		-		-		-
Lapse of applicable statute of limitations		-		-		-
Unrecognized tax benefits at end of year	$	1,930	$	1,930	$	1,930