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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
May 02, 2020
May 04, 2019
Cash flows from operating activities    
Net (loss) income $ (17,395,000) $ 677,000
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation and amortization 5,024,000 5,209,000
Share-based compensation expense 501,000 529,000
Impairment of assets 333,000 0
Loss on disposal of assets 0 10,000
Gain on sales and maturities of marketable securities (330,000) (549,000)
Deferred income taxes 591,000 (130,000)
Changes in operating assets and liabilities:    
Receivables (5,936,000) 246,000
Merchandise inventories (10,749,000) (3,154,000)
Prepaid expenses and other assets 2,411,000 479,000
Accounts payable 4,661,000 (895,000)
Accrued expenses (5,284,000) (806,000)
Deferred revenue (1,042,000) (1,268,000)
Accrued compensation and benefits (2,092,000) (1,911,000)
Operating lease liabilities and deferred rent 9,741,000 (715,000)
Net cash used in operating activities (19,566,000) (2,278,000)
Cash flows from investing activities    
Purchase of property and equipment (3,548,000) (3,059,000)
Purchases of marketable securities (5,996,000) (34,572,000)
Maturities of marketable securities 30,108,000 35,000,000
Net cash provided by (used in) investing activities 20,564,000 (2,631,000)
Cash flows from financing activities    
Line of credit 23,675,000 0
Dividends paid (29,677,000) (29,453,000)
Proceeds from exercise of stock options 0 151,000
Taxes paid in lieu of shares issued for share-based compensation 0 (85,000)
Net cash used in financing activities (6,002,000) (29,387,000)
Change in cash and cash equivalents (5,004,000) (34,296,000)
Cash and cash equivalents, beginning of period 70,137,000 68,160,000
Cash and cash equivalents, end of period 65,133,000 33,864,000
Supplemental disclosures of cash flow information    
Interest paid 67,000 0
Income taxes (refunded) paid (42,000) 11,000
Supplemental disclosure of non-cash activities    
Unpaid purchases of property and equipment 2,066,000 0
Leased assets obtained in exchange for new operating lease liabilities $ 1,896 $ 281,000