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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
May 02, 2020
Feb. 01, 2020
May 04, 2019
Current assets:      
Cash and cash equivalents $ 30,140 $ 30,132 $ 32,523
Inventories, net 99,075 94,674 90,406
Income taxes receivable 22,014 243 220
Prepaid expenses and other current assets 7,950 6,462 9,378
Total current assets 159,179 131,511 132,527
Property and equipment:      
Equipment 20,974 21,390 21,562
Furniture and fixtures 76,892 80,622 81,405
Leasehold improvements 116,311 123,022 126,673
Computer software and hardware 81,038 73,984 70,622
Projects in progress 2,316 6,862 9,925
Property and equipment, gross 297,531 305,880 310,187
Accumulated depreciation (220,156) (223,017) (203,861)
Property and equipment, net 77,375 82,863 106,326
Operating lease right-of-use assets 183,789 200,067 225,100
Deferred income taxes 0 1,525 5,326
Other assets 5,621 6,476 6,144
Total assets 425,964 422,442 475,423
Current liabilities:      
Accounts payable 45,876 59,513 33,081
Accounts payable to related party vendor 0 0 9,736
Accrued expenses 24,403 28,773 24,011
Operating lease liabilities 50,792 53,154 52,090
Total current liabilities 121,071 141,440 118,918
Operating lease liabilities 188,221 195,736 228,345
Revolving line of credit 40,000 0 0
Other liabilities 6,821 8,311 8,352
Total liabilities 356,113 345,487 355,615
Shareholders’ equity:      
Preferred stock, no par value, 10,000,000 shares authorized; no shares issued or outstanding at May 2, 2020, February 1, 2020, or May 4, 2019, respectively 0 0 0
Common stock, no par value; 100,000,000 shares authorized; 14,014,503; 13,955,826; and 14,224,648 shares issued and outstanding at May 2, 2020, February 1, 2020, and May 4, 2019, respectively 173,219 172,885 170,105
Accumulated deficit (103,368) (95,930) (50,297)
Total shareholders’ equity 69,851 76,955 119,808
Total liabilities and shareholders’ equity $ 425,964 $ 422,442 $ 475,423