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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Nov. 02, 2019
Feb. 02, 2019
Nov. 03, 2018
Current assets:      
Cash and cash equivalents $ 4,202 $ 57,946 $ 23,837
Inventories, net 140,222 84,434 113,759
Prepaid expenses and other current assets 8,417 15,561 23,314
Total current assets 152,841 157,941 160,910
Property and equipment:      
Equipment 21,524 21,425 21,878
Furniture and fixtures 80,869 81,523 82,361
Leasehold improvements 125,294 126,784 126,843
Computer software and hardware 73,311 69,444 67,911
Projects in progress 11,815 8,344 8,899
Property and equipment, gross 312,813 307,520 307,892
Accumulated depreciation (216,717) (196,697) (192,617)
Property and equipment, net 96,096 110,823 115,275
Operating lease right-of-use assets 210,213 0 0
Deferred income taxes 944 1,703 1,255
Other assets 6,283 6,681 7,201
Total assets 466,377 277,148 284,641
Current liabilities:      
Accounts payable 68,395 40,004 55,001
Accounts payable to related party vendor 0 8,166 11,261
Income taxes payable 0 701 0
Accrued expenses 23,527 37,665 34,466
Operating lease liabilities 53,210 0 0
Total current liabilities 145,132 86,536 100,728
Deferred rent 0 51,871 53,944
Operating lease liabilities 206,789 0 0
Revolving line of credit 25,000 0 0
Deferred income taxes 0 0 27
Other liabilities 8,883 7,941 8,692
Total liabilities 385,804 146,348 163,391
Shareholders’ equity:      
Preferred stock, no par value, 10,000,000 shares authorized; no shares issued or outstanding at November 2, 2019, February 2, 2019, or November 3, 2018, respectively 0 0 0
Common stock, no par value; 100,000,000 shares authorized; 13,897,530; 14,504,824; and 15,063,439 shares issued and outstanding at November 2, 2019, February 2, 2019, and November 3, 2018, respectively 171,585 169,477 168,725
Accumulated deficit (91,012) (38,677) (47,475)
Total shareholders’ equity 80,573 130,800 121,250
Total liabilities and shareholders’ equity $ 466,377 $ 277,148 $ 284,641