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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Aug. 01, 2020
Feb. 01, 2020
Aug. 03, 2019
Current assets:      
Cash and cash equivalents $ 27,565 $ 30,132 $ 14,650
Inventories, net 77,078 94,674 108,233
Income taxes receivable 6,162 243 465
Prepaid expenses and other current assets 8,467 6,462 8,197
Total current assets 119,272 131,511 131,545
Property and equipment:      
Equipment 20,732 21,390 21,575
Furniture and fixtures 74,716 80,622 81,184
Leasehold improvements 113,086 123,022 126,812
Computer software and hardware 81,931 73,984 72,121
Projects in progress 2,730 6,862 10,791
Property and equipment, gross 293,195 305,880 312,483
Accumulated depreciation (220,519) (223,017) (209,917)
Property and equipment, net 72,676 82,863 102,566
Operating lease right-of-use assets 165,393 200,067 219,648
Deferred income taxes 0 1,525 9,010
Other assets 5,925 6,476 6,229
Total assets 363,266 422,442 468,998
Current liabilities:      
Accounts payable 36,890 59,513 60,537
Accrued expenses 29,056 28,773 24,646
Operating lease liabilities 49,034 53,154 53,561
Total current liabilities 114,980 141,440 138,744
Operating lease liabilities 180,180 195,736 218,700
Other liabilities 7,294 8,311 9,148
Total liabilities 302,454 345,487 366,592
Shareholders’ equity:      
Preferred stock, no par value, 10,000,000 shares authorized; no shares issued or outstanding at August 1, 2020, February 1, 2020, and August 3, 2019, respectively 0 0 0
Common stock, no par value; 100,000,000 shares authorized; 14,240,081; 13,955,826; and 13,961,029 shares issued and outstanding at August 1, 2020, February 1, 2020, and August 3, 2019, respectively 173,543 172,885 170,869
Accumulated deficit (112,731) (95,930) (68,463)
Total shareholders’ equity 60,812 76,955 102,406
Total liabilities and shareholders’ equity $ 363,266 $ 422,442 $ 468,998