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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Apr. 30, 2022
Jan. 29, 2022
May 01, 2021
Current assets:      
Cash and cash equivalents $ 5,382 $ 25,003 $ 72,275
Inventories, net 130,855 114,029 76,259
Prepaid expenses and other current assets 10,994 10,537 8,745
Total current assets 147,231 149,569 157,279
Property and equipment:      
Equipment 20,012 20,043 20,361
Furniture and fixtures 69,371 69,823 72,001
Leasehold improvements 106,369 106,065 108,307
Computer software and hardware 78,478 77,311 79,837
Projects in progress 2,033 3,366 2,049
Property and equipment, gross 276,263 276,608 282,555
Accumulated depreciation (228,994) (226,611) (222,873)
Property and equipment, net 47,269 49,997 59,682
Operating lease right-of-use assets 134,343 124,684 142,003
Other assets 7,173 6,939 6,036
Total assets 336,016 331,189 365,000
Current liabilities:      
Accounts payable 47,313 62,535 53,107
Accrued expenses 24,016 30,811 31,142
Operating lease liabilities 41,531 41,268 44,280
Total current liabilities 112,860 134,614 128,529
Operating lease liabilities 118,658 111,021 135,383
Revolving line of credit 35,000 0 0
Other liabilities 4,291 4,428 5,776
Total liabilities 270,809 250,063 269,688
Shareholders’ equity:      
Preferred stock, no par value, 10,000,000 shares authorized; no shares issued or outstanding at April 30, 2022, January 29, 2022, and May 1, 2021, respectively 0 0 0
Common stock, no par value; 100,000,000 shares authorized; 12,727,615; 12,631,347; and 14,274,317 shares issued and outstanding at April 30, 2022, January 29, 2022, and May 1, 2021, respectively 174,045 175,856 174,418
Accumulated deficit (108,838) (94,730) (79,106)
Total shareholders’ equity 65,207 81,126 95,312
Total liabilities and shareholders’ equity $ 336,016 $ 331,189 $ 365,000