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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Aug. 03, 2024
Feb. 03, 2024
Jul. 29, 2023
Current assets:      
Cash and cash equivalents $ 4,461,000 $ 3,805,000 $ 4,890,000
Inventories, net 92,760,000 74,090,000 98,949,000
Prepaid expenses and other current assets 8,216,000 7,614,000 5,697,000
Total current assets 105,437,000 85,509,000 109,536,000
Property and equipment:      
Equipment 19,067,000 19,144,000 19,593,000
Furniture and fixtures 62,847,000 63,823,000 65,632,000
Leasehold improvements 99,616,000 100,393,000 102,068,000
Computer software and hardware 78,610,000 78,580,000 82,517,000
Projects in progress 371,000 647,000 1,276,000
Property and equipment, gross 260,511,000 262,587,000 271,086,000
Accumulated depreciation (235,057,000) (232,882,000) (237,208,000)
Property and equipment, net 25,454,000 29,705,000 33,878,000
Operating lease right-of-use assets 128,046,000 126,725,000 133,352,000
Other assets 7,282,000 8,634,000 6,818,000
Total assets 266,219,000 250,573,000 283,584,000
Current liabilities:      
Accounts payable 59,967,000 46,010,000 56,483,000
Accrued expenses 20,956,000 23,163,000 26,432,000
Operating lease liabilities 38,602,000 40,018,000 40,249,000
Total current liabilities 119,525,000 109,191,000 123,164,000
Operating lease liabilities 100,565,000 99,772,000 111,746,000
Long-term debt, net 61,396,000 34,000,000 46,000,000
Other liabilities 4,438,000 4,486,000 3,834,000
Total liabilities 285,924,000 247,449,000 284,744,000
Shareholders’ equity:      
Preferred stock, no par value, 10,000,000 shares authorized; no shares issued or outstanding at August 3, 2024, February 3, 2024, and July 29, 2023, respectively 0 0 0
Common stock, no par value; 100,000,000 shares authorized; 13,111,638; 12,926,022; and 12,917,373, shares issued and outstanding at August 3, 2024, February 3, 2024, and July 29, 2023, respectively 177,057,000 176,552,000 175,988,000
Accumulated deficit (196,762,000) (173,428,000) (177,148,000)
Total shareholders' (deficit) equity (19,705,000) 3,124,000 (1,160,000)
Total liabilities and shareholders' (deficit) equity $ 266,219,000 $ 250,573,000 $ 283,584,000