Commitments and Contingencies

3 Months Ended

May 05, 2018

Commitments and Contingencies [Abstract]

Commitments and Contingencies

(7) Commitments and Contingencies

The Company commenced five new store leases during the thirteen weeks ended May 5, 2018.  The fully executed leases have initial terms of approximately seven years with options to renew for three to four successive five-year periods.  The initial terms of these new store leases have future minimum lease payments totaling approximately $6.0 million.

From time to time the Company may be involved in claims and legal actions that arise in the ordinary course of its business. The Company cannot predict the outcome of any litigation or suit to which it is a party.  However, the Company does not believe that an unfavorable decision of any of the current claims or legal actions against it, individually or in the aggregate, will have a material adverse effect on its financial position, results of operations, liquidity or capital resources.