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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jan. 28, 2023
Jan. 29, 2022
Current assets:    
Cash and cash equivalents $ 5,171 $ 25,003
Inventories, net 84,071 114,029
Prepaid expenses and other current assets 5,089 10,537
Total current assets 94,331 149,569
Property and equipment:    
Equipment 19,614 20,043
Furniture and fixtures 66,906 69,823
Leasehold improvements 103,525 106,065
Computer software and hardware 81,685 77,311
Projects in progress 743 3,366
Property and equipment, gross 272,473 276,608
Accumulated depreciation (233,797) (226,611)
Property and equipment, net 38,676 49,997
Operating lease right-of-use assets 134,525 124,684
Other assets 6,714 6,939
Total assets 274,246 331,189
Current liabilities:    
Accounts payable 43,739 62,535
Accrued expenses 26,069 30,811
Operating lease liabilities 41,499 41,268
Total current liabilities 111,307 134,614
Operating lease liabilities 114,613 111,021
Revolving line of credit 15,000 0
Other liabilities 3,553 4,428
Total liabilities 244,473 250,063
Commitments and contingencies (Note 8)
Shareholders’ equity:    
Preferred stock, no par value, 10,000,000 shares authorized; no shares issued or outstanding at January 28, 2023, and January 29, 2022 0 0
Common stock, no par value, 100,000,000 shares authorized; 12,754,368 and 12,631,347 shares issued and outstanding at January 28, 2023, and January 29, 2022, respectively 175,450 175,856
Accumulated deficit (145,677) (94,730)
Total shareholders’ equity 29,773 81,126
Total liabilities and shareholders’ equity $ 274,246 $ 331,189