ACQUISITION (Tables)

12 Months Ended

Feb. 03, 2018

ACQUISITION

Schedule of cash consideration

The following table summarizes the cash consideration for the acquisition of Lamrite (in thousands):

Purchase contract amount	$	150,000
Additional consideration to Lamrite shareholders for taxes		6,500
Working capital and other adjustments		(3,090)
Total purchase consideration	$	153,410

Schedule of assets acquired and liabilities assumed

The following table summarizes the fair values of the assets acquired and liabilities assumed from the acquisition of Lamrite as of February 2, 2016 (in thousands):

Cash and cash equivalents	$	2,310
Trade accounts receivable		22,254
Merchandise inventory		83,700
Other current assets		1,202
Property, plant and equipment		25,367
Net favorable leases		2,450
Intangible assets (1)		21,800
Other assets		306
Current liabilities (2)		(30,490)
Other long-term liabilities		(273)
Fair value of net assets acquired		128,626
Goodwill		24,784
Total purchase consideration	$	153,410

(1) Includes customer relationships, trade and brand names and proprietary product designs. Intangible assets include $9.4 million of assets that are being amortized over a range of 6 to 18 years. 

(2) Includes accounts payable, accrued expenses, accrued payroll and accrued taxes.