Restricted Cash

3 Months Ended

May 04, 2019

Disclosure Text Block Supplement [Abstract]

Restricted Assets Disclosure [Text Block]

Note 7. Restricted Cash

As of May 4, 2019, the Company had restricted cash of $1.0 million and $5.5 million reported in current and other assets on the accompanying interim condensed consolidated balance sheet, respectively. As of May 5, 2018, the Company had restricted cash of $4.1 million and $6.3 million reported in current and other assets on the accompanying interim condensed consolidated balance sheet, respectively.

During the first quarter of fiscal 2019, the $3.2 million earn-out escrow balance was returned to the Company as a result of the etailz segment not achieving the earnings target, as described in the amended etailz acquisition 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 $6.5 million in a rabbi trust, of which $1.0 million is classified as restricted cash in current assets and $5.5 million is classified as restricted cash in other assets on the accompanying interim condensed consolidated balance sheet as of May 4, 2019.  

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

	May 4, 2019		February 2, 2019		May 5, 2018
Cash and cash equivalents	$	3,822	$	4,355	$	14,509
Restricted cash		6,495		9,871		10,467
Total cash, cash equivalents and restricted cash	$	10,317	$	14,226	$	24,976