New Accounting Pronouncements

6 Months Ended

Jul. 30, 2011

New Accounting Pronouncements

New Accounting Pronouncements

Note 2. New Accounting Pronouncements

            In June 2011, the Financial Accounting Standards Board issued new disclosure guidance related to the presentation of the statement of comprehensive income.  This guidance provides an entity the option to present the total of comprehensive income, the components of net income and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements.  The current option to report other comprehensive income and its components in the statement of changes in stockholders' equity was eliminated.  This accounting standard is effective for periods beginning on or after December 15, 2011.  Other than the change in presentation, this accounting standard will not have a material impact on our financial position and results of operations.