Restricted Cash

3 Months Ended

May 05, 2018

Disclosure Text Block Supplement [Abstract]

Restricted Assets Disclosure [Text Block]

Note 7. Restricted Cash

As of May 5, 2018, the Company had restricted cash of $4.1 million and $6.4 million reported in current and other assets on the accompanying interim condensed consolidated balance sheet, respectively. As of April 29, 2017, the Company had restricted cash of $13.0 million and $10.5 million reported in current and other assets on the accompanying interim condensed consolidated balance sheet, respectively.

In connection with the acquisition of etailz and under the terms of the amended and restated share purchase agreement, the Company designated $3.2 million of the restricted cash to equal the maximum earn-out amount that could be paid to the selling shareholders of etailz in accordance with the share purchase agreement.

During the thirteen weeks ended May 5, 2018, the Company paid out $1.5 million of the restricted cash to the etailz shareholders per the terms of the original etailz acquisition share purchase agreement.

In addition, as a result of the death of its former Chairman, the Company holds $7.3 million in a rabbi trust, of which $0.9 million is classified as restricted cash in current assets and $6.4 million is classified as restricted cash in other assets on the accompanying interim condensed consolidated balance sheet.

A summary of cash, cash equivalents and restricted cash is as follows ($ in thousands):

	May 5,		February 3,		April 29,
	2018		2018		2017
Cash and cash equivalents	$	14,509	$	31,326	$	15,803
Restricted cash		10,467		12,180		23,497
Total cash, cash equivalents and restricted cash	$	24,976	$	43,506	$	39,300