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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Feb. 01, 2020
Feb. 02, 2019
Current assets:    
Cash and cash equivalents $ 30,132 $ 57,946
Inventories, net 94,674 84,434
Prepaid expenses and other current assets 6,705 15,561
Total current assets 131,511 157,941
Property and equipment:    
Equipment 21,390 21,425
Furniture and fixtures 80,622 81,523
Leasehold improvements 123,022 126,784
Computer software and hardware 73,984 69,444
Projects in progress 6,862 8,344
Property and equipment, gross 305,880 307,520
Accumulated depreciation (223,017) (196,697)
Property and equipment, net 82,863 110,823
Operating lease right-of-use assets 200,067 0
Deferred income taxes 1,525 1,703
Other assets 6,476 6,681
Total assets 422,442 277,148
Current liabilities:    
Accounts Payable, Trade, Current 59,513 40,004
Accounts payable to related party vendor 0 8,166
Accrued expenses 28,773 38,366
Operating lease liabilities 53,154 0
Total current liabilities 141,440 86,536
Deferred rent 0 51,871
Operating lease liabilities 195,736 0
Other liabilities 8,311 7,941
Total liabilities 345,487 146,348
Shareholders’ equity:    
Preferred stock, no par value, 10,000,000 shares authorized; no shares issued or outstanding at February 1, 2020, and February 2, 2019 0 0
Common stock, no par value, 100,000,000 shares authorized; 13,955,826 and 14,504,824 shares issued and outstanding at February 1, 2020, and February 2, 2019, respectively 172,885 169,477
Accumulated deficit (95,930) (38,677)
Total shareholders’ equity 76,955 130,800
Total liabilities and shareholders’ equity $ 422,442 $ 277,148