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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
May 04, 2024
Feb. 03, 2024
Apr. 29, 2023
Current assets:      
Cash and cash equivalents $ 3,836 $ 3,805 $ 7,072
Inventories, net 75,789 74,090 83,332
Prepaid expenses and other current assets 6,540 7,614 4,905
Total current assets 86,165 85,509 95,309
Property and equipment:      
Equipment 19,119 19,144 19,630
Furniture and fixtures 63,516 63,823 66,115
Leasehold improvements 100,447 100,393 102,836
Computer software and hardware 78,561 78,580 82,130
Projects in progress 371 647 1,027
Property and equipment, gross 262,014 262,587 271,738
Accumulated depreciation (234,277) (232,882) (235,592)
Property and equipment, net 27,737 29,705 36,146
Operating lease right-of-use assets 121,410 126,725 131,289
Other assets 7,271 8,634 7,137
Total assets 242,583 250,573 269,881
Current liabilities:      
Accounts payable 39,963 46,010 38,092
Accrued expenses 23,020 23,163 25,499
Operating lease liabilities 38,590 40,018 41,173
Total current liabilities 101,573 109,191 104,764
Operating lease liabilities 94,529 99,772 110,165
Long-term debt, net 47,541 34,000 33,000
Other liabilities 4,405 4,486 3,872
Total liabilities 248,048 247,449 251,801
Shareholders’ equity:      
Preferred stock, no par value, 10,000,000 shares authorized; no shares issued or outstanding at May 4, 2024, February 3, 2024, and April 29, 2023, respectively 0 0 0
Common stock, no par value; 100,000,000 shares authorized; 13,038,978; 12,926,022; and 12,812,898, shares issued and outstanding at May 4, 2024, February 3, 2024, and April 29, 2023, respectively 176,793 176,552 175,864
Accumulated deficit (182,258) (173,428) (157,784)
Total shareholders' (deficit) equity (5,465) 3,124 18,080
Total liabilities and shareholders' (deficit) equity $ 242,583 $ 250,573 $ 269,881