Basis of Presentation (Tables)

6 Months Ended

Aug. 01, 2015

Effect of Retrospective Application of Change in Accounting Principle on Company's Consolidated Balance Sheets

The reclassification did not impact net income (loss) previously reported or any prior amounts reported on the Consolidated Statements of Operations. The following table presents the effect of the retrospective application of this change in accounting

principle on the Company’s Consolidated Balance Sheets as of January 31, 2015.

	As Reported		Effect of Change in			After Change in
Consolidated Balance Sheets (in thousands)	January 31, 2015		Accounting Principle			Accounting Principle
ASSETS:
Current assets:
Prepaid expenses and other current assets	$	9,190	$	(277	)	$	8,913
Total current assets		132,615		(277	)		132,338
Noncurrent assets:
Other assets		4,849		(942	)		3,907
Total assets		261,100		(1,219	)		259,881

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt	$	7,489	$	(154	)	$	7,335
Borrowings under credit facility		19,402		(585	)		18,817
Total current liabilities		90,307		(739	)		89,568
Long-term liabilities:
Long-term debt, net of current portion		26,651		(480	)		26,171
Total long-term liabilities		78,403		(480	)		77,923
Total liabilities and stockholders' equity		261,100		(1,219	)		259,881

Other Comprehensive Income and Reclassifications from AOCI

Other comprehensive income and reclassifications from AOCI for the three and six months ended August 1, 2015 and August 2, 2014 are as follows:

	August 1, 2015									August 2, 2014
For the three months ended:	(in thousands)
	Pension Plans			Foreign Currency			Total			Pension Plans			Foreign Currency		Total
Balance at beginning of the quarter	$	(7,559	)	$	(420	)	$	(7,979	)	$	(4,408	)	$	79	$	(4,329	)

Other comprehensive income before reclassifications, net of taxes		93			39			132			82			15		97

Amounts reclassified from accumulated other comprehensive income, net of taxes ⁽¹⁾		184			—			184			56			—		56

Other comprehensive income for the period		277			39			316			138			15		153

Balance at end of quarter	$	(7,282	)	$	(381	)	$	(7,663	)	$	(4,270	)	$	94	$	(4,176	)

	August 1, 2015									August 2, 2014
For the six months ended:	(in thousands)
	Pension Plans			Foreign Currency			Total			Pension Plans			Foreign Currency			Total
Balance at beginning of fiscal year	$	(7,795	)	$	(443	)	$	(8,238	)	$	(4,547	)	$	(13	)	$	(4,560	)

Other comprehensive income before reclassifications, net of taxes		190			62			252			164			107			271

Amounts reclassified from accumulated other comprehensive income, net of taxes ⁽¹⁾		323			—			323			113			—			113

Other comprehensive income for the period		513			62			575			277			107			384

Balance at end of quarter	$	(7,282	)	$	(381	)	$	(7,663	)	$	(4,270	)	$	94		$	(4,176	)

(1)

Includes the amortization of the unrecognized (gain)/loss on pension plans which was charged to “Selling, General and Administrative” Expense on the Consolidated Statements of Operations for all periods presented. The amortization of the unrecognized loss, before tax, was $184,000 and $56,000 for the three months ended August 1, 2015 and August 2, 2014, respectively, and $323,000 and $113,000 for the six months ended August 1, 2015 and August 2, 2014, respectively. There was no tax benefit for any period.