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Document and Entity Information	3 Months Ended
Document and Entity Information	May 02, 2020 shares
Class of Stock [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	May 02, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Entity Registrant Name	THE CATO CORPORATION
Entity Central Index Key	0000018255
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Current Fiscal Year End Date	--01-30
Entity Filer Category	Accelerated Filer
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Security 12b Title	Class A - Common Stock, par value $.033 per share
Trading Symbol	CATO
Security Exchange Name	NYSE
Entity File Number	1-31340
Entity Incorporation State Country Code	DE
Entity TaxIdentification Number	56-0484485
Entity Address Address Line 1	8100 Denmark Road
Entity Address City Or Town	Charlotte
Entity Address State Or Province	NC
Entity Address Postal Zip Code	28273-5975
City Area Code	(704)
Local Phone Number	554-8510
Document Quarterly Report	true
Document Transition Report	false
Common Class A [Member]
Class of Stock [Line Items]
Entity Common Stock Shares Outstanding	22,252,038
Common Class B [Member]
Class of Stock [Line Items]
Entity Common Stock Shares Outstanding	1,763,652

Condensed Consolidated Income Statements Of Income and Comprehensive Income - USD ($)	3 Months Ended
	May 02, 2020	May 04, 2019
Revenues
Retail sales	$ 98,813,000	$ 228,066,000
Other Revenue (principally finance charges, late fees and layaway charges)	1,919,000	2,285,000
Total revenues	100,732,000	230,351,000
COSTS AND EXPENSES, NET
Cost of goods sold (exclusive of depreciation shown below)	83,597,000	136,083,000
Selling, general and administrative (exclusive of depreciation shown below)	52,511,000	65,990,000
Depreciation	4,006,000	3,843,000
Interest and other income	1,851,000	1,136,000
Cost and expenses, net	138,263,000	204,780,000
Income before income taxes	(37,531,000)	25,571,000
Income tax expense	(9,114,000)	4,316,000
Net income	$ (28,417,000)	$ 21,255,000
Basic earnings per share	$ (1.19)	$ 0.87
Diluted earnings per share	(1.19)	0.87
Dividends per share	$ 0.33	$ 0.33
Comprehensive income
Net income	$ (28,417,000)	$ 21,255,000
Unrealized gain on available-for-sale securities, net of deferred income taxes	(298,000)	412,000
Comprehensive Income	$ (28,715,000)	$ 21,667,000

Condensed Consolidated Income Statements Of Income and Comprehensive Income (Parenthetical) - USD ($)	3 Months Ended
	May 02, 2020	May 04, 2019
OtherComprehensiveIncomeLossTaxParentheticalDisclosuresAbstract
Tax Effect of Unrealized Gains (Losses) On Available-For-Sale Securities	$ (90,000)	$ 126,000

Consolidated Balance Sheets - USD ($)	May 02, 2020	Feb. 01, 2020
Current Assets:
Cash and cash equivalents	$ 29,809,000	$ 11,824,000
Short-term investments	118,020,000	200,387,000
Restricted Cash	2,585,000	2,577,000
Restricted Short term Investments	1,330,000	1,319,000
Accounts receivable, net of allowance for doubtful accounts	30,462,000	26,088,000
Merchandise inventories	122,767,000	115,365,000
Prepaid expenses	6,131,000	5,237,000
Total Current Assets	311,104,000	362,797,000
Property and equipment - net	84,151,000	88,667,000
DeferredTaxAssetsNetNoncurrent	8,413,000	8,636,000
Other assets	22,759,000	24,073,000
Right-of-Use assets - net	214,527,000	200,803,000
Total Assets	640,954,000	684,976,000
Current Liabilities:
Accounts payable	74,934,000	68,438,000
Accrued expenses	38,006,000	47,099,000
Accrued Bonus	8,888,000	18,913,000
Accrued income taxes	1,690,000	1,703,000
Current lease liability	61,019,000	63,149,000
Total Current Liabilities	184,537,000	199,302,000
Other noncurrent liabilities (primarily deferred rent)	22,754,000	21,976,000
Commitments And Contingenciess	162,011,000	147,184,000
Stockholders' Equity:
Preferred stock, $100 par value per share, 100,000 shares authorized, none issued	0	0
Class of Stock [Line Items]
Common stock	809,000	820,000
Additional paid-in capital	111,693,000	110,813,000
Retained earnings	158,025,000	203,458,000
Accumulated other comprehensive income	1,125,000	1,423,000
Total Stockholders' Equity	271,652,000	316,514,000
Liabilities And Stockholders Equity	640,954,000	684,976,000
Common Class A [Member]
Class of Stock [Line Items]
Common stock	750,000	761,000
Common Class B [Member]
Class of Stock [Line Items]
Common stock	$ 59,000	$ 59,000

Consolidated Balance Sheets (Parentheticals) - USD ($)	May 02, 2020	Feb. 01, 2020
Class of Stock [Line Items]
Allowance For Doubtful Accounts Receivable Current	$ 614,000	$ 726,000
Preferred Stock Par Or Stated Value Per Share	$ 100	$ 100
Preferred Stock Shares Authorized	100,000	100,000
Preferred Stock Shares Issued	0	0
Common Class B [Member]
Class of Stock [Line Items]
Common Stock Shares Authorized	15,000,000	15,000,000
Common Stock Shares Issued	1,763,652	1,763,652
Common Stock Par Or Stated Value Per Share	$ 0.033	$ 0.033
Common Class A [Member]
Class of Stock [Line Items]
Common Stock Shares Authorized	50,000,000	50,000,000
Common Stock Shares Issued	22,252,038	22,535,779
Common Stock Par Or Stated Value Per Share	$ 0.033	$ 0.033

Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
Consolidated Statements of Cash Flows - USD ($)	May 02, 2020	May 04, 2019
OPERATING ACTIVITIES
Net income	$ (28,417,000)	$ 21,255,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	4,006,000	3,843,000
Provision For Doubtful Accounts	28,000	178,000
Purchase premium and premium amortization	(18,000)	58,000
Share Based Compensation	650,000	691,000
Deferred income taxes	313,000	0
Loss on disposal of property and equipment	66,000	182,000
Impairment of Leasehold	5,270,000	0
Changes in operating assets and liabilities which provided (used) cash:
Accounts receivable	(4,402,000)	(1,926,000)
Merchandise inventories	(7,402,000)	8,370,000
Prepaid and other assets	(255,000)	8,643,000
Operating lease right-of-use asstes and liabilities	(1,027,000)	0
Accrued income taxes	(13,000)	2,629,000
Accounts payable, accrued expenses and other liabilities	(40,134,000)	(29,255,000)
Net cash provided by operating activities	(71,335,000)	14,668,000
INVESTING ACTIVITIES
Capital expenditures	(5,311,000)	(995,000)
Purchase of short-term investments	(8,275,000)	(44,709,000)
Sales of short-term investments	90,435,000	53,639,000
Payments to Acquire Projects	0	(22,000)
Proceeds from Sale of Investment Projects	(94,000)	(4,000)
Net cash used in investing activities	76,943,000	7,917,000
FINANCING ACTIVITIES
Dividends paid	(7,990,000)	(8,118,000)
Repurchase of common stock	(9,875,000)	(2,834,000)
Proceeds from lines of credit	34,000,000	0
Payments to lines of credit	4,000,000	0
Proceeds from employee stock purchase plan	250,000	261,000
Net cash provided used in financing activities	12,385,000	(10,691,000)
Net increase in cash and cash equivalents	17,993,000	11,894,000
Cash, Cash Equivalents and Restricted Cash at Beginning of Period	14,401,000	25,209,000
Cash, Cash Equivalents and Restricted Cash at End of Period	32,394,000	37,103,000
Change in Accrued PPE	$ 1,936,000	$ 256,000

Consolidated Statement of Stockholders' Equity - USD ($)	Total	Class A Common Stock	Convertible Class B Common Stock	Common Stock Including Additional Paid in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Balance at Feb. 02, 2019	$ 316,836,000	$ 767,000	$ 59,000	$ 105,580,000	$ 210,507,000	$ (77,000)
Net income	21,255,000	0	0	0	21,255,000	0
Accumulated Other Comprehensive Income	(412,000)	0	0	0	0	(412,000)
Dividends	(8,118,000)	0	0	0	(8,118,000)	0
Class A common stock sold through employee stock purchase plan	308,000	1,000	0	307,000	0	0
Class A common stock sold through stock option plans	0	0	0	0	0	0
Class A common stock issued through restricted stock grant plans	$ 645,000	11,000	0	624,000	10,000	0
Repurchase of treasury shares	208,041
Retirement of treasury sharess	$ (2,834,000)	(7,000)	0	0	(2,827,000)	0
Balance at May. 04, 2019	328,504,000	772,000	59,000	106,511,000	220,827,000	335,000
Balance at Feb. 01, 2020	316,514,000	761,000	59,000	110,813,000	203,458,000	1,423,000
Net income	(28,417,000)	0	0	0	(28,417,000)	0
Accumulated Other Comprehensive Income	298,000	0	0	0	0	298,000
Dividends	(7,990,000)	0	0	0	(7,990,000)	0
Class A common stock sold through employee stock purchase plan	294,000	1,000	0	293,000	0	0
Class A common stock sold through stock option plans	0	0	0	0	0	0
Class A common stock issued through restricted stock grant plans	$ 605,000	10,000	0	587,000	8,000	0
Repurchase of treasury shares	618,056
Retirement of treasury sharess	$ (9,056,000)	(22,000)	0	0	(9,034,000)	0
Balance at May. 02, 2020	$ 271,652,000	$ 750,000	$ 59,000	$ 111,693,000	$ 158,025,000	$ 1,125,000

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Consolidated Statements of Stockholders' Equity (Parentheticals) - USD ($)	3 Months Ended
	May 02, 2020	May 04, 2019
us-gaap_StatementOfStockholdersEquityAbstract
Tax Effect of Unrealized Gains (Losses) On Available-For-Sale Securities	$ (90,000)	$ 126,000
Stock Transactions, Parenthetical Disclosures [Abstract]
Dividends per share	$ 0.33	$ 0.33
Class A common stock shares sold through employee stock purchase plans	26,957	20,676
Exercised	0	0
Class A common stock shares issued through restricted stock grant plans	307,354	355,609
Repurchase of treasury shares	618,056	208,041

General - Notes to Financial Statements

3 Months Ended

May 02, 2020

General Dsiclosure [Abstract]

Summary of Significant Account Policies

NOTE 1 - GENERAL:

The condensed consolidated financial statements as of May 2, 2020 and for the thirteen-week periods ended May 2, 2020 and May 4, 2019 have been prepared from the accounting records of The Cato Corporation and its wholly-owned subsidiaries (the “Company”), and all amounts shown are unaudited. In the opinion of management, all adjustments considered necessary for a fair presentation of the financial statements have been included. All such adjustments are of a normal, recurring nature unless otherwise noted. The results of the interim period may not be indicative of the results expected for the entire year.

The interim financial statements should be read in conjunction with the consolidated financial statements and notes thereto, included in the Company’s Annual Report on Form 10-K for the fiscal year ended February 1, 2020. Amounts as of February 1, 2020 have been derived from the audited balance sheet, but do not include all disclosures required by accounting principles generally accepted in the United States of America.

COVID-19 Update

The spread of COVID-19 has resulted in state and local orders mandating store closures to mitigate the spread of the virus. Responses by customers, government and the private sector have and will likely continue to adversely impact our business operations for the remainder of 2020 and possibly beyond. The extent to which the COVID-19 pandemic ultimately impacts the Company’s business, financial condition, results of operations, cash flows, and liquidity may differ from management’s current estimates due to inherent uncertainties regarding the duration and further spread of the outbreak, its severity, actions taken to contain the virus or treat its impact, and how quickly and to what extent normal economic and operating conditions can resume.

Beginning March 19, 2020, the Company temporarily closed all Cato, Its Fashion, Its Fashion Metro and Versona stores. In addition, the Company suspended its quarterly dividend, significantly reduced capital expenditures and reduced its SG&A expense through the reduction of non-payroll expenses, as well as, furloughing associates and in certain instances eliminating positions primarily at the corporate office. Beginning on May 1, 2020, the Company began to re-open stores based on the pertinent state and local orders. There is significant uncertainty around the duration, breadth and severity of continued business disruptions related to COVID-19, as well as its impact on the U.S. economy, consumer willingness to visit malls and shopping centers, and associate staffing for our stores. At this time, it is uncertain as to the effect of national, state or local action or legislation that attempts to address the economic effects of COVID-19 on our customers, suppliers or the Company.

While the Company currently anticipates that our results for the remainder of 2020 will be adversely impacted, the extent to which COVID-19 impacts the Company’s results will depend on future developments, which are highly uncertain, including new information that may emerge concerning the severity of COVID-19, potential economic impacts to customers and suppliers, and the actions taken to contain it or mitigate its impact.

Accounting Policies - Impairment of Long-Lived Assets:

The Company invests in leaseholds, right-of use assets and equipment primarily in connection with the opening and remodeling of stores and in computer software and hardware. The Company periodically reviews its store locations and estimates the recoverability of its long-lived assets, which primarily relate

to Fixtures and equipment, Leasehold improvements, Right-of-use assets net of Lease liabilities and Information technology equipment and software. An impairment charge is recorded for the amount by which the carrying value exceeds the estimated fair value when the Company determines that projected cash flows associated with those long-lived assets will not be sufficient to recover the carrying value. This determination is based on a number of factors, including the store’s projected cash flows, which include future sales growth projections. The Company assesses the fair value of each lease by considering market rents and any lease terms that may adjust market rents under certain conditions such as the loss of an anchor tenant or a leased space in a shopping center not meeting certain criteria. Further, in determining when to close a store, the Company considers real estate development in the area and perceived local market conditions, which can be difficult to predict and may be subject to change. As a result of store closures, the Company determined a triggering event occurred resulting in an impairment analysis being performed. An asset impairment charge of $5.3 million was recorded in the first quarter of 2020.

Recently Adopted Accounting Policies

In June 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which requires companies to measure and recognize expected credit losses for financial assets held at amortized costs based on expected losses rather than incurred losses. The new accounting rules were effective for the Company in the first quarter of 2020 and will have a minimal impact on the financial statements.

Earnings Per Share - Notes to Financial Statements

3 Months Ended

May 02, 2020

Earnings Per Share Disclosure [Abstract]

Earnings Per Share

NOTE 2 - EARNINGS PER SHARE:

Accounting Standard Codification (“ASC”) 260 – Earnings Per Share requires dual presentation of basic and diluted Earnings Per Share (“EPS”) on the face of all income statements for all entities with complex capital structures. The Company has presented one basic EPS and one diluted EPS amount for all common shares in the accompanying Condensed Consolidated Statements of Income and Comprehensive Income. While the Company’s certificate of incorporation provides the right for the Board of Directors to declare dividends on Class A shares without declaration of commensurate dividends on Class B shares, the Company has historically paid the same dividends to both Class A and Class B shareholders and the Board of Directors has resolved to continue this practice. Accordingly, the Company’s allocation of income for purposes of the EPS computation is the same for Class A and Class B shares and the EPS amounts reported herein are applicable to both Class A and Class B shares.

Basic EPS is computed as net income less earnings allocated to non-vested equity awards divided by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur from common shares issuable through stock options and the Employee Stock Purchase Plan.

			Three Months Ended
			May 2, 2020		May 4, 2019
		(Dollars in thousands)
Numerator
	Net earnings (loss)	$	(28,417)	$	21,255
	Earnings (loss) allocated to non-vested equity awards		1,135		(660)
	Net earnings (loss) available to common stockholders	$	(27,282)	$	20,595

Denominator
	Basic weighted average common shares outstanding		22,959,887		23,756,695
	Diluted weighted average common shares outstanding		22,959,887		23,756,695

Net income (loss) per common share
	Basic earnings (loss) per share	$	(1.19)	$	0.87
	Diluted earnings (loss) per share	$	(1.19)	$	0.87

Accumulated Other Comprehensive Income

3 Months Ended

May 02, 2020

AccumulatedOtherComprehensiveIncomeLossDisclosure[Abstract]

Accumulated Other Comprehensive Income (Loss)

NOTE 3 – ACCUMULATED OTHER COMPREHENSIVE INCOME:

The following tables set forth information regarding the reclassification out of Accumulated other comprehensive income (in thousands) for the three months ended May 2, 2020:

	Changes in Accumulated Other
	Comprehensive Income (a)
			Unrealized Gains
			and (Losses) on
			Available-for-Sale
			Securities
Beginning Balance at February 1, 2020		$	1,423
Other comprehensive income before
reclassification			(802)

Amounts reclassified from accumulated
other comprehensive income (b)			504

Net current-period other comprehensive income			(298)

Ending Balance at May 2, 2020		$	1,125

(a) All amounts are net-of-tax. Amounts in parentheses indicate a debit/reduction to other comprehensive income ("OCI").
(b) Includes $655 impact of accumulated other comprehensive income reclassifications into Interest and other income for net gains on available-for-sale securities. The tax impact of this reclassification was $151.

The following tables set forth information regarding the reclassification out of Accumulated other comprehensive income (in thousands) for the three months ended May 4, 2019:

	Changes in Accumulated Other
	Comprehensive Income (a)
			Unrealized Gains
			and (Losses) on
			Available-for-Sale
			Securities
Beginning Balance at February 2, 2019		$	(77)
Other comprehensive income before
reclassification			403

Amounts reclassified from accumulated
other comprehensive income (b)			9

Net current-period other comprehensive income			412

Ending Balance at May 4, 2019		$	335

(a) All amounts are net-of-tax. Amounts in parentheses indicate a debit/reduction to other comprehensive income ("OCI").
(b) Includes $12 impact of accumulated other comprehensive income reclassifications into Interest and other income for net gains on available-for-sale securities. The tax impact of this reclassification was $3.

Financing Arrangements - Notes to Financial Statements

3 Months Ended

May 02, 2020

Financing Arrangements [Abstract]

Financing Arrangements

NOTE 4 – FINANCING ARRANGEMENTS:

As of May 2, 2020, the Company had an unsecured revolving credit agreement allowing the Company to borrow $35.0 million less the balance of any letters of credit as discussed below. The credit agreement contains various financial covenants and limitations, including the maintenance of specific financial ratios with which the Company was in compliance as of May 2, 2020. There were $30.0 million in outstanding borrowings under this credit facility at May 2, 2020 and no outstanding borrowings at February 1, 2020. As of May 2, 2020, the $30.0 million of outstanding borrowings is recorded in Accounts payable in the Condensed Consolidated Balance Sheets. The weighted average interest rate under the credit facility was 1.76% at May 2, 2020.

On June 2, 2020, the Company signed an amendment extending the revolving credit agreement through May 2023. This new amendment, among other items, temporarily lowers the liquidity amount the Company is required to maintain. In addition, a fixed charge ratio covenant is applicable beginning in the fourth quarter of 2021. As of June 4, 2020, the Company had paid down $7.0 million of its outstanding line of credit, reducing the outstanding borrowings to $23.0 million.

At May 2, 2020 and February 1, 2020, the Company had no outstanding letters of credit relating to purchase commitments.

Reportable Segment Information - Notes to Financial Statements

3 Months Ended

May 02, 2020

Reportable Segment Information [Abstract]

Reportable Segment Information

NOTE 5 – REPORTABLE SEGMENT INFORMATION:

The Company has determined that it has four operating segments, as defined under ASC 280-10, including Cato, It’s Fashion, Versona and Credit. As outlined in ASC 280-10, the Company has two reportable segments: Retail and Credit. The Company has aggregated its three retail operating segments, including e-commerce, based on the aggregation criteria outlined in ASC 280-10, which states that two or more operating segments may be aggregated into a single reportable segment if aggregation is consistent with the objective and basic principles of ASC 280-10, which require the segments to have similar economic characteristics, products, production processes, clients and methods of distribution.

The Company’s retail operating segments have similar economic characteristics and similar operating, financial and competitive risks. They are similar in nature of product, as they all offer women’s apparel, shoes and accessories. Merchandise inventory for the Company’s retail operating segments is sourced from the same countries and some of the same vendors, using similar production processes. Merchandise for the Company’s operating segments is distributed to retail stores in a similar manner through the Company’s single distribution center and is subsequently distributed to clients in a similar manner.

The Company operates its women’s fashion specialty retail stores in 31 states as of May 2, 2020, principally in the southeastern United States. The Company offers its own credit card to its customers and all credit authorizations, payment processing and collection efforts are performed by a separate subsidiary of the Company.

The following schedule summarizes certain segment information (in thousands):

Three Months Ended
May 2, 2020	Retail	Credit	Total

Revenues	$99,890	$842	$100,732
Depreciation	4,006	-	4,006
Interest and other income	(1,851)	-	(1,851)
Income before taxes	(37,923)	392	(37,531)
Capital expenditures	5,311	-	5,311

Three Months Ended
May 4, 2019	Retail	Credit	Total

Revenues	$229,441	$910	$230,351
Depreciation	3,843	-	3,843
Interest and other income	(1,136)	-	(1,136)
Income before taxes	25,178	393	25,571
Capital expenditures	995	-	995

	Retail	Credit	Total

Total assets as of May 2, 2020	$594,931	$46,023	$640,954
Total assets as of February 1, 2020	636,503	48,473	684,976

The following schedule summarizes the direct expenses of the credit segment which are reflected in Selling, general and administrative expenses (in thousands):The Company evaluates segment performance based on income before taxes. The Company does not allocate certain corporate expenses or income taxes to the credit segment.

	Three Months Ended
		May 2, 2020		May 4, 2019

Payroll	$	152	$	150
Postage		111		124
Other expenses		187		243

Total expenses	$	450	$	517

Stock Based Compensation - Notes to Financial Statements

3 Months Ended

May 02, 2020

Disclosure Of Compensation Related Costs Sharebased Payments Abstract

Stock Based Compensation

NOTE 6 – STOCK BASED COMPENSATION:

As of May 2, 2020, the Company had two long-term compensation plans pursuant to which stock-based compensation was outstanding or could be granted. The 2018 Incentive Compensation Plan and 2013 Incentive Compensation Plan are for the granting of various forms of equity-based awards, including restricted stock and stock options for grant, to officers, directors and key employees. Effective May 24, 2018, shares for grant were no longer available under the 2013 Incentive Compensation Plan.

The following table presents the number of options and shares of restricted stock initially authorized and available for grant under each of the plans as of May 2, 2020:

	2013	2018
	Plan	Plan	Total
Options and/or restricted stock initially authorized	1,500,000	4,725,000	6,225,000
Options and/or restricted stock available for grant:
May 2, 2020	-	3,885,313	3,885,313

In accordance with ASC 718, the fair value of current restricted stock awards is estimated on the date of grant based on the market price of the Company’s stock and is amortized to compensation expense on a straight-line basis over the related vesting periods. As of May 2, 2020 and February 1, 2020, there was $14,216,000 and $11,900,000, respectively, of total unrecognized compensation expense related to nonvested restricted stock awards, which had a remaining weighted-average vesting period of 2.9 years and 2.2 years, respectively. The total compensation expense during the three months ended May 2, 2020 was $606,000 compared to $645,000 for the three months ended May 4, 2019. These expenses are classified as a component of Selling, general and administrative expenses in the Condensed Consolidated Statements of Income.The following summary shows the changes in the shares of unvested restricted stock outstanding during the three months ended May 2, 2020:

			Weighted Average
	Number of		Grant Date Fair
	Shares		Value Per Share
Restricted stock awards at February 1, 2020	942,562	$	19.55
Granted	330,695		11.11
Vested	(130,042)		34.03
Forfeited or expired	(23,341)		19.38
Restricted stock awards at May 2, 2020	1,119,874	$	15.38

The Company’s Employee Stock Purchase Plan allows eligible full-time employees to purchase a limited number of shares of the Company’s Class A Common Stock during each semi-annual offering period at a 15% discount through payroll deductions. During the three months ended May 2, 2020 and May 4, 2019, the Company sold 26,957 and 20,676 shares to employees at an average discount of $1.64 and $2.23 per share, respectively, under the Employee Stock Purchase Plan. The compensation expense recognized for the 15% discount given under the Employee Stock Purchase Plan was approximately $44,000 and $46,000 for the three months ended May 2, 2020 and May 4, 2019, respectively. These expenses are classified as a component of Selling, general and administrative expenses in the Condensed Consolidated Statements of Income.

Fair Value Measurements - Notes to Financial Statements

3 Months Ended

May 02, 2020

Fair Value Measurements [Abstract]

Fair Value Disclosures Text Block

NOTE 7 – FAIR VALUE MEASUREMENTS:

The following tables set forth information regarding the Company’s financial assets and liabilities that are measured at fair value (in thousands) as of May 2, 2020 and February 1, 2020:

			Quoted
			Prices in
			Active		Significant
			Markets for		Other		Significant
			Identical		Observable		Unobservable
		May 2, 2020	Assets		Inputs		Inputs
Description		May 2, 2020	Level 1		Level 2		Level 3
Assets:
State/Municipal Bonds	$	26,161	$	-	$	26,161	$	-
Corporate Bonds		62,879		-		62,879		-
U.S. Treasury/Agencies Notes and Bonds		6,976		-		6,976		-
Cash Surrender Value of Life Insurance		9,749		-		-		9,749
Asset-backed Securities (ABS)		23,234		-		23,234		-
Corporate Equities		557		557		-		-
Certificates of Deposit		100		100		-		-
Total Assets	$	129,656	$	657	$	119,250	$	9,749

Liabilities:
Deferred Compensation		(9,730)		-		-		(9,730)
Total Liabilities	$	(9,730)	$	-	$	-	$	(9,730)

			Quoted
			Prices in
			Active		Significant
			Markets for		Other		Significant
			Identical		Observable		Unobservable
		February 1, 2020	Assets		Inputs		Inputs
Description		February 1, 2020	Level 1		Level 2		Level 3
Assets:
State/Municipal Bonds	$	36,014	$	-	$	36,014	$	-
Corporate Bonds		90,798		-		90,798		-
U.S. Treasury/Agencies Notes and Bonds		37,410		-		37,410		-
Cash Surrender Value of Life Insurance		10,517		-		-		10,517
Asset-backed Securities (ABS)		37,384		-		37,384		-
Corporate Equities		732		732		-		-
Certificates of Deposit		100		100		-		-
Total Assets	$	212,955	$	832	$	201,606	$	10,517

Liabilities:
Deferred Compensation		(10,391)		-		-		(10,391)
Total Liabilities	$	(10,391)	$	-	$	-	$	(10,391)

The Company’s investment portfolio was primarily invested in corporate bonds and tax-exempt and taxable governmental debt securities held in managed accounts with underlying ratings of A or better at May 2, 2020 and February 1, 2020. The state, municipal and corporate bonds have contractual maturities which range from two days to seven years. The U.S. Treasury Notes and Certificates of Deposit have contractual maturities which range from one month to two years. These securities are classified as available-for-sale and are recorded as Short-term investments, Restricted cash, Restricted short-term investments and Other assets on the accompanying Condensed Consolidated Balance Sheets. These assets are carried at fair value with unrealized gains and losses reported net of taxes in Accumulated other comprehensive income. The asset-backed securities are bonds comprised of auto loans and bank credit cards that carry AAA ratings. The auto loan asset-backed securities are backed by static pools of auto loans that were originated and serviced by captive auto finance units, banks or finance companies. The bank credit card asset-backed securities are backed by revolving pools of credit card receivables generated by account holders of cards from American Express, Citibank, JPMorgan Chase, Capital One, and Discover.

Additionally, at May 2, 2020, the Company had $0.6 million of corporate equities and deferred compensation plan assets of $9.7 million. At February 1, 2020, the Company had $0.7 million of corporate equities and deferred compensation plan assets of $10.5 million. All of these assets are recorded within Other assets in the Condensed Consolidated Balance Sheets.

Level 1 category securities are measured at fair value using quoted active market prices. Level 2 investment securities include corporate and municipal bonds for which quoted prices may not be available on active exchanges for identical instruments. Their fair value is principally based on market values determined by management with assistance of a third-party pricing service. Since quoted prices in active markets for identical assets are not available, these prices are determined by the pricing service using observable market information such as quotes from less active markets and/or quoted prices of securities with similar characteristics, among other factors.

Deferred compensation plan assets consist of life insurance policies. These life insurance policies are valued based on the cash surrender value of the insurance contract, which is determined based on such factors as the fair value of the underlying assets and discounted cash flow and are therefore classified within Level 3 of the valuation hierarchy. The Level 3 liability associated with the life insurance policies represents a deferred

compensation obligation, the value of which is tracked via underlying insurance funds’ net asset values, as recorded in Other noncurrent liabilities in the Condensed Consolidated Balance Sheet. These funds are designed to mirror mutual funds and money market funds that are observable and actively traded.

The following tables summarize the change in fair value of the Company’s financial assets measured using Level 3 inputs as of May 2, 2020 and February 1, 2020 (dollars in thousands):


	Fair Value
	Measurements Using
	Significant Unobservable
	Asset Inputs (Level 3)
	Cash Surrender Value
Beginning Balance at February 1, 2020	$	10,517
Redemptions		-
Additions		-
Total gains or (losses)
Included in interest and other income (or changes in net assets)		(768)
Included in other comprehensive income		-
Ending Balance at May 2, 2020	$	9,749


	Fair Value
	Measurements Using
	Significant Unobservable
	Liability Inputs (Level 3)
	Deferred Compensation
Beginning Balance at February 1, 2020	$	(10,391)
Redemptions		-
Additions		(36)
Total (gains) or losses
Included in interest and other income (or changes in net assets)		697
Included in other comprehensive income		-
Ending Balance at May 2, 2020	$	(9,730)


	Fair Value
	Measurements Using
	Significant Unobservable
	Asset Inputs (Level 3)
	Cash Surrender Value
Beginning Balance at February 2, 2019	$	9,093
Redemptions		-
Additions		748
Total gains or (losses)
Included in interest and other income (or changes in net assets)		676
Included in other comprehensive income		-
Ending Balance at February 1, 2020	$	10,517


	Fair Value
	Measurements Using
	Significant Unobservable
	Liability Inputs (Level 3)
	Deferred Compensation
Beginning Balance at February 2, 2019	$	(8,908)
Redemptions		-

Additions		(554)
Total (gains) or losses
Included in interest and other income (or changes in net assets)		(929)
Included in other comprehensive income		-
Ending Balance at February 1, 2020	$	(10,391)

Recent Accounting Pronouncements - Notes to Financial Statements	3 Months Ended
	May 02, 2020
Recent Accounting Pronouncements [Abstract]
Recent Accounting Pronouncements	NOTE 8 – RECENT ACCOUNTING PRONOUNCEMENTS:In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. The new accounting rules reduce complexity by removing specific exceptions to general principles related to intraperiod tax allocations, ownership changes in foreign investments, and interim period income tax accounting for year-to-date losses that exceed anticipated losses. The new accounting rules also simplify accounting for franchise taxes that are partially based on income, transactions with a government that result in a step up in the tax basis of goodwill, separate financial statements of legal entities that are not subject to tax, and enacted changes in tax laws in interim periods. The new accounting rules will be effective for the Company in the first quarter of 2021. The Company is currently in the process of evaluating the impact of adoption of the new accounting rules on the Company’s financial position, results of operations, cash flows and disclosures.

Income Tax - Notes to the Financial Statements

3 Months Ended

May 02, 2020

IncomeTaxDisclosureAbstract

Income Tax Disclosure [Text Block]

NOTE 9 – INCOME TAXES:

The Company had an effective tax rate for the first quarter of 2020 of 24.3% (Benefit) compared to an effective tax rate of 16.9% (Expense) for the first quarter of 2019. The increase in the 2020 first quarter tax rate was primarily due to the federal net operating loss carryback provisions of the Coronavirus Aid, Relief and Economic Security Act (CARES Act), offset by valuation allowances against state income net operating losses, and an upward adjustment in the reserves for uncertain tax positions specific to state income taxes in the first quarter of 2020. The Company assessed the ability to realize these state net operating losses in light of the adverse impact on the Company’s financial statements and operations due to COVID-19. Based on this assessment, the Company concluded that it is more likely than not that the Company will not be able to realize the state net operating losses and, accordingly, has recorded a valuation allowance for these items including the value of its state net operating loss deferred tax assets as of February 1, 2020.

The estimated annual effective tax rate for the current fiscal year is impacted by the ability to carryback federal net operating losses due to the CARES Act, partially offset by changes in management’s judgement regarding the ability to realize deferred tax assets, primarily state income net operating losses generated in the current fiscal year. The Company has factored the realizability of these deferred tax assets generated as a result of projected current year losses into its estimated annual effective rate for the current year. To the extent that actual results and/or events differ from the predicted results, the Company may continue to see effects on the estimated annual effective tax rate.

Income Taxes

3 Months Ended

May 02, 2020

IncomeTaxDisclosureAbstract

Income Taxes

NOTE 9 – INCOME TAXES:

Commitments and Contingencies - Notes to the Financial Statements

3 Months Ended

May 02, 2020

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

NOTE 10 – COMMITMENTS AND CONTINGENCIES:

The Company is, from time to time, involved in routine litigation incidental to the conduct of its business, including litigation regarding the merchandise that it sells, litigation regarding intellectual property, litigation instituted by persons injured upon premises under its control, litigation with respect to various employment matters, including alleged discrimination and wage and hour litigation, and litigation with present or former employees.

Although such litigation is routine and incidental to the conduct of the Company’s business, as with any business of its size with a significant number of employees and significant merchandise sales, such litigation could result in large monetary awards. Based on information currently available, management does not believe that any reasonably possible losses arising from current pending litigation will have a material adverse effect on its condensed consolidated financial statements. However, given the inherent

uncertainties involved in such matters, an adverse outcome in one or more such matters could materially and adversely affect the Company’s financial condition, results of operations and cash flows in any particular reporting period. The Company accrues for these matters when the liability is deemed probable and reasonably estimable.

Revenue Recognition Footnote

3 Months Ended

May 02, 2020

RevenueRecognitionAndDeferredRevenueAbstract

Rvenue Recognition

NOTE 11 – REVENUE RECOGNITION:

The Company recognizes sales at the point of purchase when the customer takes possession of the merchandise and pays for the purchase, generally with cash or credit. Sales from purchases made with Cato credit, gift cards and layaway sales from stores are also recorded when the customer takes possession of the merchandise. E-commerce sales are recorded when the risk of loss is transferred to the customer. Gift cards are recorded as deferred revenue until they are redeemed or forfeited. Layaway sales are recorded as deferred revenue until the customer takes possession or forfeits the merchandise. Gift cards do not have expiration dates. A provision is made for estimated merchandise returns based on sales volumes and the Company’s experience; actual returns have not varied materially from historical amounts. A provision is made for estimated write-offs associated with sales made with the Company’s proprietary credit card. Amounts related to shipping and handling billed to customers in a sales transaction are classified as Other revenue and the costs related to shipping product to customers (billed and accrued) are classified as Cost of goods sold.

The Company offers its own proprietary credit card to customers. All credit activity is performed by the Company’s wholly-owned subsidiaries. None of the credit card receivables are secured. The Company estimated uncollectible amounts of $69,000 and $,226000 for the periods ended May 2, 2020 and May 4, 2019, respectively, on sales purchased by the Company’s proprietary credit card of $2.6 million and $6.9 million for the periods ended May 2, 2020 and May 4, 2019, respectively.

The following table provides information about receivables and contract liabilities from contracts with customers (in thousands):

	Balance as of
		May 2, 2020		February 1, 2020

Proprietary Credit Card Receivables, net	$	11,364	$	15,241
Gift Card Liability	$	6,864	$	7,658

Leases - Notes to the Financial Statements

3 Months Ended

May 02, 2020

Leases [Abstract]

Operating Lease Dislcosure Leasee [Text Block]

NOTE 12 – LEASES:

The Company determines whether an arrangement is a lease at inception. The Company has operating leases for stores, offices and equipment. Its leases have remaining lease terms of one year to 10 years, some of which include options to extend the lease term for up to five years, and some of which include options to terminate the lease within one year. The Company considers these options in determining the lease term used to establish its right-of-use assets and lease liabilities. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants.

As most of the Company’s leases do not provide an implicit rate, it uses its estimated incremental borrowing rate based on the information available at commencement date of the lease in determining the present value of lease payments.

The components of lease cost are shown below (in thousands):

	Three Months Ended
		May 2, 2020		May 4, 2019

Operating lease cost (a)	$	16,993	$	9,732
Variable lease cost (b)	$	80	$	606
ASC 840 prepaid rent expense (c)	$	-	$	5,975

(a) Includes right-of-use asset amortization of ($1.7) million and ($2.0) million for the three months ended May 2, 2020 and May 4, 2019, respectively.
(b) Primarily related to monthly percentage rent for stores not presented on the balance sheet.
(c) Related to ASC 840 rent expense due to prepaid rent on the balance sheet as of February 3, 2019.

Supplemental cash flow information and non-cash activity related to the Company’s operating leases are as follows (in thousands):

Operating cash flow information:

	Three Months Ended
		May 2, 2020		May 4, 2019

Cash paid for amounts included in the measurement of lease liabilities	$	15,499	$	10,091
Non-cash activity:
Right-of-use assets obtained in exchange for lease obligations	$	28,197	$	282

Weighted-average remaining lease term and discount rate for the Company’s operating leases are as follows:

	May 2, 2020	May 4, 2019

Weighted-average remaining lease term	3.2 years	3.2 years
Weighted-average discount rate	4.36%	4.65%

the maturities of lease liabilities by fiscal year for the Company’s operating leases are as follows (in thousands):

Fiscal Year

2020 (a)	$	49,740
2021		58,511
2022		42,379
2023		31,197
2024		20,376
Thereafter		48,246
Total lease payments		250,449
Less: Imputed interest		27,419
Present value of lease liabilities	$	223,030

(a) Excluding the 3 months ended May 2, 2020.

Earnings Per Share - (Tables)

3 Months Ended

May 02, 2020

Earnings Per Share Disclosure [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

			Three Months Ended
			May 2, 2020		May 4, 2019
		(Dollars in thousands)
Numerator
	Net earnings (loss)	$	(28,417)	$	21,255
	Earnings (loss) allocated to non-vested equity awards		1,135		(660)
	Net earnings (loss) available to common stockholders	$	(27,282)	$	20,595

Denominator
	Basic weighted average common shares outstanding		22,959,887		23,756,695
	Diluted weighted average common shares outstanding		22,959,887		23,756,695

Net income (loss) per common share
	Basic earnings (loss) per share	$	(1.19)	$	0.87
	Diluted earnings (loss) per share	$	(1.19)	$	0.87

Changes in Accumulated Other Comprehensive Income (Tables)

3 Months Ended

May 02, 2020

AccumulatedOtherComprehensiveIncomeLossDisclosure[Abstract]

Schedule Of Accumulated Other Comprehensive Income Loss Table Text Block

	Changes in Accumulated Other
	Comprehensive Income (a)
			Unrealized Gains
			and (Losses) on
			Available-for-Sale
			Securities
Beginning Balance at February 1, 2020		$	1,423
Other comprehensive income before
reclassification			(802)

Amounts reclassified from accumulated
other comprehensive income (b)			504

Net current-period other comprehensive income			(298)

Ending Balance at May 2, 2020		$	1,125

(a) All amounts are net-of-tax. Amounts in parentheses indicate a debit/reduction to other comprehensive income ("OCI").
(b) Includes $655 impact of accumulated other comprehensive income reclassifications into Interest and other income for net gains on available-for-sale securities. The tax impact of this reclassification was $151.

	Changes in Accumulated Other
	Comprehensive Income (a)
			Unrealized Gains
			and (Losses) on
			Available-for-Sale
			Securities
Beginning Balance at February 2, 2019		$	(77)
Other comprehensive income before
reclassification			403

Amounts reclassified from accumulated
other comprehensive income (b)			9

Net current-period other comprehensive income			412

Ending Balance at May 4, 2019		$	335

(a) All amounts are net-of-tax. Amounts in parentheses indicate a debit/reduction to other comprehensive income ("OCI").
(b) Includes $12 impact of accumulated other comprehensive income reclassifications into Interest and other income for net gains on available-for-sale securities. The tax impact of this reclassification was $3.

Reportable Segment Information - (Tables)

3 Months Ended

May 02, 2020

Reportable Segment Information [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Three Months Ended
May 2, 2020	Retail	Credit	Total

Revenues	$99,890	$842	$100,732
Depreciation	4,006	-	4,006
Interest and other income	(1,851)	-	(1,851)
Income before taxes	(37,923)	392	(37,531)
Capital expenditures	5,311	-	5,311

Three Months Ended
May 4, 2019	Retail	Credit	Total

Revenues	$229,441	$910	$230,351
Depreciation	3,843	-	3,843
Interest and other income	(1,136)	-	(1,136)
Income before taxes	25,178	393	25,571
Capital expenditures	995	-	995

	Retail	Credit	Total

Total assets as of May 2, 2020	$594,931	$46,023	$640,954
Total assets as of February 1, 2020	636,503	48,473	684,976

	Three Months Ended
		May 2, 2020		May 4, 2019

Payroll	$	152	$	150
Postage		111		124
Other expenses		187		243

Total expenses	$	450	$	517

Stock Based Compensation - Plans (Tables)

3 Months Ended

May 02, 2020

Disclosure Of Compensation Related Costs Sharebased Payments Abstract

Stock Based Compensation Plans

	2013	2018
	Plan	Plan	Total
Options and/or restricted stock initially authorized	1,500,000	4,725,000	6,225,000
Options and/or restricted stock available for grant:
May 2, 2020	-	3,885,313	3,885,313

Sechedule Of Restricted Stock Outstanding - (Tables)

3 Months Ended

May 02, 2020

Disclosure Of Compensation Related Costs Sharebased Payments Abstract

Schedule Of Changes In Restricted Stock Outstanding

			Weighted Average
	Number of		Grant Date Fair
	Shares		Value Per Share
Restricted stock awards at February 1, 2020	942,562	$	19.55
Granted	330,695		11.11
Vested	(130,042)		34.03
Forfeited or expired	(23,341)		19.38
Restricted stock awards at May 2, 2020	1,119,874	$	15.38

Fair Value Measurements - Assets at Fairvalue - (Tables)

3 Months Ended

May 02, 2020

Fair Value Measurements [Abstract]

Fair Value Disclosures

			Quoted
			Prices in
			Active		Significant
			Markets for		Other		Significant
			Identical		Observable		Unobservable
		May 2, 2020	Assets		Inputs		Inputs
Description		May 2, 2020	Level 1		Level 2		Level 3
Assets:
State/Municipal Bonds	$	26,161	$	-	$	26,161	$	-
Corporate Bonds		62,879		-		62,879		-
U.S. Treasury/Agencies Notes and Bonds		6,976		-		6,976		-
Cash Surrender Value of Life Insurance		9,749		-		-		9,749
Asset-backed Securities (ABS)		23,234		-		23,234		-
Corporate Equities		557		557		-		-
Certificates of Deposit		100		100		-		-
Total Assets	$	129,656	$	657	$	119,250	$	9,749

Liabilities:
Deferred Compensation		(9,730)		-		-		(9,730)
Total Liabilities	$	(9,730)	$	-	$	-	$	(9,730)

			Quoted
			Prices in
			Active		Significant
			Markets for		Other		Significant
			Identical		Observable		Unobservable
		February 1, 2020	Assets		Inputs		Inputs
Description		February 1, 2020	Level 1		Level 2		Level 3
Assets:
State/Municipal Bonds	$	36,014	$	-	$	36,014	$	-
Corporate Bonds		90,798		-		90,798		-
U.S. Treasury/Agencies Notes and Bonds		37,410		-		37,410		-
Cash Surrender Value of Life Insurance		10,517		-		-		10,517
Asset-backed Securities (ABS)		37,384		-		37,384		-
Corporate Equities		732		732		-		-
Certificates of Deposit		100		100		-		-
Total Assets	$	212,955	$	832	$	201,606	$	10,517

Liabilities:
Deferred Compensation		(10,391)		-		-		(10,391)
Total Liabilities	$	(10,391)	$	-	$	-	$	(10,391)

Fair Value Measurments - Level 3 Roll (Tables)

3 Months Ended

May 02, 2020

Fair Value Measurements [Abstract]

Level 3 Reconciliation


	Fair Value
	Measurements Using
	Significant Unobservable
	Asset Inputs (Level 3)
	Cash Surrender Value
Beginning Balance at February 1, 2020	$	10,517
Redemptions		-
Additions		-
Total gains or (losses)
Included in interest and other income (or changes in net assets)		(768)
Included in other comprehensive income		-
Ending Balance at May 2, 2020	$	9,749


	Fair Value
	Measurements Using
	Significant Unobservable
	Liability Inputs (Level 3)
	Deferred Compensation
Beginning Balance at February 1, 2020	$	(10,391)
Redemptions		-
Additions		(36)
Total (gains) or losses
Included in interest and other income (or changes in net assets)		697
Included in other comprehensive income		-
Ending Balance at May 2, 2020	$	(9,730)


	Fair Value
	Measurements Using
	Significant Unobservable
	Asset Inputs (Level 3)
	Cash Surrender Value
Beginning Balance at February 2, 2019	$	9,093
Redemptions		-
Additions		748
Total gains or (losses)
Included in interest and other income (or changes in net assets)		676
Included in other comprehensive income		-
Ending Balance at February 1, 2020	$	10,517


	Fair Value
	Measurements Using
	Significant Unobservable
	Liability Inputs (Level 3)
	Deferred Compensation
Beginning Balance at February 2, 2019	$	(8,908)
Redemptions		-

Additions		(554)
Total (gains) or losses
Included in interest and other income (or changes in net assets)		(929)
Included in other comprehensive income		-
Ending Balance at February 1, 2020	$	(10,391)

Revenue Recognition (Tables)

3 Months Ended

May 02, 2020

RevenueRecognitionAndDeferredRevenueAbstract

ContractWithCustomerAssetAndLiabilityTableTextBlock

	Balance as of
		May 2, 2020		February 1, 2020

Proprietary Credit Card Receivables, net	$	11,364	$	15,241
Gift Card Liability	$	6,864	$	7,658

Leases - (Tables)

3 Months Ended

May 02, 2020

Leases [Abstract]

Lease, Cost [Table Text Block]

	Three Months Ended
		May 2, 2020		May 4, 2019

Operating lease cost (a)	$	16,993	$	9,732
Variable lease cost (b)	$	80	$	606
ASC 840 prepaid rent expense (c)	$	-	$	5,975

(a) Includes right-of-use asset amortization of ($1.7) million and ($2.0) million for the three months ended May 2, 2020 and May 4, 2019, respectively.
(b) Primarily related to monthly percentage rent for stores not presented on the balance sheet.
(c) Related to ASC 840 rent expense due to prepaid rent on the balance sheet as of February 3, 2019.

Lessee Operating Leases Supplemental Cash Flow Information and Noncash Activity Table [Table Text Block]

Operating cash flow information:

	Three Months Ended
		May 2, 2020		May 4, 2019

Cash paid for amounts included in the measurement of lease liabilities	$	15,499	$	10,091
Non-cash activity:
Right-of-use assets obtained in exchange for lease obligations	$	28,197	$	282

Lessee Operating Lease Weighted Averages Table [Table Text Block] showing weighted average remaining lease term and weighted average discount rate

	May 2, 2020	May 4, 2019

Weighted-average remaining lease term	3.2 years	3.2 years
Weighted-average discount rate	4.36%	4.65%

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

Fiscal Year

2020 (a)	$	49,740
2021		58,511
2022		42,379
2023		31,197
2024		20,376
Thereafter		48,246
Total lease payments		250,449
Less: Imputed interest		27,419
Present value of lease liabilities	$	223,030

(a) Excluding the 3 months ended May 2, 2020.

General - Notes to Financial Statements - (Details) - USD ($)	3 Months Ended
	May 02, 2020	May 04, 2019
General Dsiclosure [Abstract]
Quarterly Declared Dividend	$ 0.33	$ 0.33
Repurchase of common stock	$ 9,875,000	$ 2,834,000
Net income	(28,417,000)	21,255,000
Dividends paid	7,990,000	$ 8,118,000
Asset Impairment Charges	$ 5,300,000

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Earnings Per Share - (Details) - USD ($)	3 Months Ended
Earnings Per Share - (Details) - USD ($)	May 02, 2020	May 04, 2019
Earnings Per Share Disclosure [Abstract]
Net income	$ (28,417,000)	$ 21,255,000
Earnings Allocated to Non-Vesting Equity Awards	1,135,000	(660,000)
Net Income (Loss) Available to Common Stockholders	$ (27,282,000)	$ 20,595,000
Basic Weighted-Average common shares outstanding	22,959,887	23,756,695
Dilutive Effect of Stock Options	0	0
Dilluted Weighted Average Common Shares Outstanding	22,959,887	23,756,695
Basic earnings per share	$ (1.19)	$ 0.87
Diluted earnings per share	$ (1.19)	$ 0.87

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1337-109256

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=117327953&loc=d3e4984-109258

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1252-109256

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=117326831&loc=SL5780133-109256

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
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-Section 55
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Section S99
-Paragraph 1
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-URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263

+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Changes in Accumulated Other Comprehensive Income (Details) - USD ($)	3 Months Ended
	May 02, 2020	May 04, 2019
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance Accumulated other comprehensive income, net of tax	$ 1,423,000	$ (77,000)
Other Comprehensive Income Loss Before Reclassifications Net Of Tax	(802,000)	403,000
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax	504,000	9,000
Unrealized gain on available-for-sale securities, net of deferred income taxes	(298,000)	412,000
Ending Balance Accumulated other comprehensive income, net of tax	1,125,000	335,000
ChangeInUnrealizedGainsOnAvailableForSaleSecuritiesMember [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance Accumulated other comprehensive income, net of tax	1,423,000
Other Comprehensive Income Loss Before Reclassifications Net Of Tax		(802,000)
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax		504,000
Unrealized gain on available-for-sale securities, net of deferred income taxes	(298,000)	$ 412,000
Ending Balance Accumulated other comprehensive income, net of tax	$ 1,125,000

Changes in Accumulated Other Comprehensive Income Components - (Details) - USD ($)	3 Months Ended
	May 02, 2020	May 04, 2019
ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems
Income Tax Benefit (Expense)	$ (9,114,000)	$ 4,316,000
Reclassified Accumulated Unrealized Gains and Losses
ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems
Interest and Other Income	655,000	12,000
Income Tax Benefit (Expense)	$ 151,000	$ 3,000

Financing Arrangements - (Details) - RevolvingCreditFacilityMember [Member] - USD ($)	1 Months Ended	3 Months Ended
	Jun. 04, 2020	May 02, 2020
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		$ 35,000,000.0
Line of Credit Facility Outstanding Borrowings	$ 23,000,000.0	$ 30,000,000.0
Interest on Borrowings Based on LIBOR		1.76%
Line of Credit payment	$ 7,000,000.0

Reportable Segment Information - (Details) - USD ($)	3 Months Ended
Reportable Segment Information - (Details) - USD ($)	May 02, 2020	May 04, 2019	May 05, 2018	Feb. 01, 2020
Segment Reporting Information [Line Items]
Total revenues	$ 100,732,000	$ 230,351,000
Depreciation	4,006,000	3,843,000
Interest and other income	1,851,000	1,136,000
Total Assets	640,954,000			$ 684,976,000
Capital expenditures	5,311,000	995,000
Income Before Taxes	(37,531,000)	25,571,000
ReportableSegmentsMemberRetail [Member]
Segment Reporting Information [Line Items]
Total revenues	99,890,000	229,441,000
Depreciation	4,006,000	3,843,000	$ 3,843,000
Interest and other income	1,851,000	1,136,000
Total Assets	594,931,000			636,503,000
Capital expenditures	5,311,000	995,000
Income Before Taxes	(37,923,000)	25,178,000	25,178,000
ReportableSegmentsMemberCredit [Member]
Segment Reporting Information [Line Items]
Total revenues	842,000	910,000
Depreciation	0	0	0
Interest and other income	0	0
Total Assets	46,023,000			$ 48,473,000
Capital expenditures	0	0
Income Before Taxes	$ 392,000	$ 393,000	$ 393,000

Direct Expenses of Credit Segment in SGA - (Details) - ReportableSegmentsMemberCredit [Member] - USD ($)	3 Months Ended
	May 02, 2020	May 04, 2019
Segment Reporting Information [Line Items]
Labor and Related Expense	$ 152,000	$ 150,000
Postage Expense	111,000	124,000
Other Expenses	187,000	243,000
Total Credit Expenses	$ 450,000	$ 517,000

Stock Based Compensation - Plans - (Details)	May 02, 2020 shares
Authorized And Available For Grant [Line Items]
Options And/Or Restrcited Stock Initially Authorized	6,225,000
Options And Or Restricted Stock Available For Grant	3,885,313
2013 Plan
Authorized And Available For Grant [Line Items]
Options And/Or Restrcited Stock Initially Authorized	1,500,000
Options And Or Restricted Stock Available For Grant	0
2018 Plan
Authorized And Available For Grant [Line Items]
Options And/Or Restrcited Stock Initially Authorized	4,725,000
Options And Or Restricted Stock Available For Grant	3,885,313

Sechedule Of Restricted Stock Outstanding - (Details) - 2004 Plan - Restricted Stock - Class A Common Stock	3 Months Ended
	May 02, 2020 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested [Roll Forward]
Restricted Stock Awards Beginning Balance \| shares	942,562
Restricted Stock Awards Granted \| shares	330,695
Restricted Stock Awards Vested \| shares	(130,042)
Restricted Stock Awards Foreited \| shares	(23,341)
Restricted Stock Awards Ending Balance \| shares	1,119,874
Share Based Compensation Arrangement By Share Based Payment Award Equity InstrumentsOtherThan Options Nonvested Weighted Average Grant Date Fair Value
Restricted Stock Awards Weighted Average Grant Date Fair Value Per Share - Beginning Balance \| $ / shares	$ 19.55
Granted Restricted Stock Awards Weighted Average Grant Date Fair Value Per Share \| $ / shares	11.11
Vested Restricted Stock Awards Weighted Average Grant Date Fair Value Per Share \| $ / shares	34.03
Forfeited Restricted Stock Awards Weighted Average Grant Date Fair Value Per Share \| $ / shares	19.38
Restricted Stock Awards Weighted Average Grant Date Fair Value Per Share - Ending Balance \| $ / shares	$ 15.38

Stock Based Compensation Additional - (Details) - Class A Common Stock - USD ($)	3 Months Ended		12 Months Ended
	May 02, 2020	May 04, 2019	Feb. 01, 2020
Restricted Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized Compensation Expense	$ 14,216,000		$ 11,900,000
Remaining Weighted-Average Vesting Period	2 years 10 months 24 days		2 years 2 months 12 days
Compensation Expense	$ 606,000	$ 645,000
Employee Stock Purchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares Sold	26,957	20,676
Compensation Expense	$ 44,000	$ 46,000
Employee Stock Purchase Plan Share Purchase Discount	$ 1.64	$ 2.23

Weighted Average Option Rollforward - (Details) - shares	3 Months Ended
	May 02, 2020	May 04, 2019
shareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward
Exercised	0	0

Fair Value Measurements - Assets at Fairvalue - (Details) - USD ($)	May 02, 2020	Feb. 01, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Financial Assets At Fair Value	$ 129,656,000	$ 212,955,000
Deferred Compensation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Liabilities, Fair Value Disclosure	(9,730,000)
Total Financial Liabilities At Fair Value	(9,730,000)
Deferred Compensation \| Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Liabilities, Fair Value Disclosure		(10,391,000)
Total Financial Liabilities At Fair Value		(10,391,000)
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Financial Assets At Fair Value	657,000	832,000
Level 1 \| Deferred Compensation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Liabilities, Fair Value Disclosure	0	0
Total Financial Liabilities At Fair Value	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Financial Assets At Fair Value	119,250,000	201,606,000
Level 2 \| Deferred Compensation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Liabilities, Fair Value Disclosure	0	0
Total Financial Liabilities At Fair Value	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Financial Assets At Fair Value	9,749,000	10,517,000
Level 3 \| Deferred Compensation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Liabilities, Fair Value Disclosure	(9,730,000)	(10,391,000)
Total Financial Liabilities At Fair Value	(9,730,000)	(10,391,000)
State/Municipal Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	$ 26,161,000	36,014,000
State/Municipal Bonds \| Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale, Term	2 days
State/Municipal Bonds \| Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale, Term	7 years
State/Municipal Bonds \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	$ 0	0
State/Municipal Bonds \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	26,161,000	36,014,000
State/Municipal Bonds \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	0	0
Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	62,879,000	90,798,000
Corporate Bonds \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	0	0
Corporate Bonds \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	62,879,000	90,798,000
Corporate Bonds \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	0	0
US Treasury Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	$ 6,976,000	37,410,000
US Treasury Notes \| Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale, Term	1 month
US Treasury Notes \| Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale, Term	2 years
US Treasury Notes \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	$ 0	0
US Treasury Notes \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	6,976,000	37,410,000
US Treasury Notes \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	0	0
Corporate Equities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	557,000	732,000
Corporate Equities \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	557,000	732,000
Corporate Equities \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	0	0
Corporate Equities \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	0	0
Certificates of Deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	100,000	100,000
Certificates of Deposit \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	100,000	100,000
Certificates of Deposit \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	0	0
Certificates of Deposit \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	0	0
Asset Backed Securities (ABS)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	23,234,000	37,384,000
Asset Backed Securities (ABS) \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	0	0
Asset Backed Securities (ABS) \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	23,234,000	37,384,000
Asset Backed Securities (ABS) \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale Securities	0	0
Cash Surrender Value - Life Insurance
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Surrender Value, Fair Value Disclosure	9,749,000	10,517,000
Cash Surrender Value - Life Insurance \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Surrender Value, Fair Value Disclosure	0	0
Cash Surrender Value - Life Insurance \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Surrender Value, Fair Value Disclosure	0	0
Cash Surrender Value - Life Insurance \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Surrender Value, Fair Value Disclosure	$ 9,749,000	$ 10,517,000

Fair Value Measurements - Level 3 Roll - (Details) - USD ($)	3 Months Ended	12 Months Ended
	May 02, 2020	Feb. 01, 2020
Deferred Compensation
FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems
Begining Balance	$ (10,391,000)	$ (8,908,000)
Redemptions	0	0
Additions	(36,000)	(554,000)
Losses (Gains) Included In Earnings	697,000	(929,000)
Ending Balance	(9,730,000)	(10,391,000)
Cash Surrender Value - Life Insurance
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	10,517,000	9,093,000
Redemptions	0	0
Additions	0	748,000
Gains (Losses) Included in Earnings	768,000	(676,000)
Gains (Losses) Included in Other Comprehensive Income	0	0
Ending Balance	$ 9,749,000	$ 10,517,000

Income Tax (Details)	3 Months Ended
Income Tax (Details)	May 02, 2020	May 04, 2019
IncomeTaxDisclosureAbstract
Effective Income Tax Rate	24.30%	16.90%

Effective Tax Rate (Details)	3 Months Ended
Effective Tax Rate (Details)	May 02, 2020	May 04, 2019
EffectiveIncomeTaxRateContinuingOperationsTaxRateReconciliationAbstract
Effective Income Tax Rate	24.30%	16.90%

Revenue Recognition Disclosure Table - (Details) - USD ($)	May 02, 2020	Feb. 01, 2020
RevenueRecognitionAndDeferredRevenueAbstract
Proprietary Credit Card Receivables Net	$ 11,364,000	$ 15,241,000
Gift Card Liability	$ 6,864,000	$ 7,658,000

Revenue Recognition Cato Credit Card - (Details) - USD ($)	3 Months Ended
	May 02, 2020	May 04, 2019
RevenueRecognitionAndDeferredRevenueAbstract
Proprietary Credit Card Uncollectable amounts	$ 69,000	$ 226,000
Proprietary Credit Card Sales	$ 2,600,000	$ 6,900,000

Leases - (Details) - USD ($)	3 Months Ended
Leases - (Details) - USD ($)	May 02, 2020	May 04, 2019
Leases [Abstract]
Operating Lease, Weighted Average Discount Rate, Percent	4.36%	4.65%
Operating Lease, Expense	$ 16,993,000	$ 9,732,000
Variable Lease, Cost	80,000	606,000
ASC 840 prepaid rent expense	0	5,975,000
Operating Lease, Payments	15,499,000	10,091,000
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	28,197,000	$ 282,000
Operating Leases, Future Minimum Payments Due, Next Twelve Months	49,740,000
Operating Leases, Future Minimum Payments, Due in Two Years	58,511,000
Operating Leases, Future Minimum Payments, Due in Three Years	42,379,000
Operating Leases, Future Minimum Payments, Due in Four Years	31,197,000
Operating Leases, Future Minimum Payments, Due In Five Years	20,376,000
Operating Leases, Future Minimum Payments, Due Thereafter	48,246,000
Operating Leases, Future Minimum Payments Due	250,449,000
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	(27,419,000)
Operating Lease, Liability	$ 223,030,000