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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jul. 30, 2022
Jan. 29, 2022
Jul. 31, 2021
Current assets:      
Cash and cash equivalents $ 10,330 $ 25,003 $ 45,248
Inventories, net 141,702 114,029 92,017
Prepaid expenses and other current assets 7,273 10,537 8,779
Total current assets 159,305 149,569 146,044
Property and equipment:      
Equipment 19,953 20,043 20,367
Furniture and fixtures 68,653 69,823 71,584
Leasehold improvements 106,109 106,065 107,993
Computer software and hardware 78,886 77,311 80,647
Projects in progress 3,835 3,366 2,666
Property and equipment, gross 277,436 276,608 283,257
Accumulated depreciation (231,502) (226,611) (226,925)
Property and equipment, net 45,934 49,997 56,332
Operating lease right-of-use assets 140,310 124,684 136,381
Other assets 7,891 6,939 6,368
Total assets 353,440 331,189 345,125
Current liabilities:      
Accounts payable 61,569 62,535 50,890
Accrued expenses 27,636 30,811 30,895
Operating lease liabilities 40,801 41,268 42,772
Total current liabilities 130,006 134,614 124,557
Operating lease liabilities 123,426 111,021 129,985
Revolving line of credit 55,000 0 0
Other liabilities 4,897 4,428 5,981
Total liabilities 313,329 250,063 260,523
Shareholders’ equity:      
Preferred stock, no par value, 10,000,000 shares authorized; no shares issued or outstanding at July 30, 2022, January 29, 2022, and July 31, 2021, respectively 0 0 0
Common stock, no par value; 100,000,000 shares authorized; 12,754,368; 12,631,347; and 13,805,130 shares issued and outstanding at July 30, 2022, January 29, 2022, and July 31, 2021, respectively 174,654 175,856 175,090
Accumulated deficit (134,543) (94,730) (90,488)
Total shareholders’ equity 40,111 81,126 84,602
Total liabilities and shareholders’ equity $ 353,440 $ 331,189 $ 345,125