CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Apr. 29, 2023	Jan. 28, 2023	Apr. 30, 2022
Current assets:
Cash and cash equivalents	$ 7,072	$ 5,171	$ 5,382
Inventories, net	83,332	84,071	130,855
Prepaid expenses and other current assets	4,905	5,089	10,994
Total current assets	95,309	94,331	147,231
Property and equipment:
Equipment	19,630	19,614	20,012
Furniture and fixtures	66,115	66,906	69,371
Leasehold improvements	102,836	103,525	106,369
Computer software and hardware	82,130	81,685	78,478
Projects in progress	1,027	743	2,033
Property and equipment, gross	271,738	272,473	276,263
Accumulated depreciation	(235,592)	(233,797)	(228,994)
Property and equipment, net	36,146	38,676	47,269
Operating lease right-of-use assets	131,289	134,525	134,343
Other assets	7,137	6,714	7,173
Total assets	269,881	274,246	336,016
Current liabilities:
Accounts payable	38,092	43,739	47,313
Accrued expenses	25,499	26,069	24,016
Operating lease liabilities	41,173	41,499	41,531
Total current liabilities	104,764	111,307	112,860
Operating lease liabilities	110,165	114,613	118,658
Revolving line of credit	33,000	15,000	35,000
Other liabilities	3,872	3,553	4,291
Total liabilities	251,801	244,473	270,809
Shareholders’ equity:
Preferred stock, no par value, 10,000,000 shares authorized; no shares issued or outstanding at April 29, 2023, January 28, 2023, and April 30, 2022, respectively	0	0	0
Common stock, no par value; 100,000,000 shares authorized; 12,812,898; 12,754,368; and 12,727,615 shares issued and outstanding at April 29, 2023, January 28, 2023, and April 30, 2022, respectively	175,864	175,450	174,045
Accumulated deficit	(157,784)	(145,677)	(108,838)
Total shareholders’ equity	18,080	29,773	65,207
Total liabilities and shareholders’ equity	$ 269,881	$ 274,246	$ 336,016

Carrying value as of the balance sheet date of obligations incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).