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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Oct. 31, 2020
Feb. 01, 2020
Nov. 02, 2019
Current assets:      
Cash and cash equivalents $ 37,189 $ 30,132 $ 4,202
Inventories, net 83,874 94,674 140,222
Income taxes receivable 5,441 243 547
Prepaid expenses and other current assets 9,586 6,462 7,870
Total current assets 136,090 131,511 152,841
Property and equipment:      
Equipment 20,583 21,390 21,524
Furniture and fixtures 74,121 80,622 80,869
Leasehold improvements 111,155 123,022 125,294
Computer software and hardware 78,636 73,984 73,311
Projects in progress 1,382 6,862 11,815
Property and equipment, gross 285,877 305,880 312,813
Accumulated depreciation (217,737) (223,017) (216,717)
Property and equipment, net 68,140 82,863 96,096
Operating lease right-of-use assets 156,924 200,067 210,213
Deferred income taxes 0 1,525 944
Other assets 5,831 6,476 6,283
Total assets 366,985 422,442 466,377
Current liabilities:      
Accounts payable 53,339 59,513 68,395
Accrued expenses 27,037 28,773 23,527
Operating lease liabilities 46,015 53,154 53,210
Total current liabilities 126,391 141,440 145,132
Operating lease liabilities 159,030 195,736 206,789
Revolving line of credit 0 0 25,000
Other liabilities 8,147 8,311 8,883
Total liabilities 293,568 345,487 385,804
Shareholders’ equity:      
Preferred stock, no par value, 10,000,000 shares authorized; no shares issued or outstanding at October 31, 2020, February 1, 2020, and November 2, 2019, respectively 0 0 0
Common stock, no par value; 100,000,000 shares authorized; 14,255,596; 13,955,826; and 13,897,530 shares issued and outstanding at October 31, 2020, February 1, 2020, and November 2, 2019, respectively 173,792 172,885 171,585
Accumulated deficit (100,375) (95,930) (91,012)
Total shareholders’ equity 73,417 76,955 80,573
Total liabilities and shareholders’ equity $ 366,985 $ 422,442 $ 466,377