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Consolidated Balance Sheets - USD ($)
$ in Thousands
May 02, 2020
Feb. 01, 2020
May 04, 2019
Current assets:      
Cash and cash equivalents $ 2,213 $ 9,499 $ 21,933
Inventories 266,088 248,588 274,281
Prepaid expenses and other current assets 27,536 23,032 31,838
Total current assets 295,837 281,119 328,052
Property and equipment, net of accumulated depreciation and amortization of $282,414, $275,913 and $255,845, respectively 91,015 101,893 114,252
Operating lease assets 347,123 356,347 374,039
Other assets 23,564 26,155 24,255
Total assets 757,539 765,514 840,598
Current liabilities:      
Accounts payable 103,970 87,312 114,495
Current portion of debt 197,228 0 0
Current portion of operating lease liabilities 86,624 82,126 80,167
Accrued expenses and other current liabilities 66,428 80,231 84,118
Total current liabilities 454,250 249,669 278,780
Long-term debt 0 141,438 152,999
Non-current operating lease liabilities 306,576 310,290 332,079
Other liabilities 30,422 32,179 31,335
Total liabilities 791,248 733,576 795,193
COMMITMENTS AND CONTINGENCIES (Note 9)
Shareholders’ (deficit) equity:      
Preferred stock - $0.01 par value, 1,000,000 shares authorized; no shares issued or outstanding 0 0 0
Common stock - $0.01 par value; 100,000,000 shares authorized; 48,497,994, 48,354,642 and 48,065,250 shares issued and outstanding, respectively 485 484 481
Additional paid-in capital 61,832 61,744 60,797
Retained deficit (96,254) (30,534) (16,110)
Accumulated other comprehensive income 228 244 237
Total shareholders’ (deficit) equity (33,709) 31,938 45,405
Total liabilities and shareholders’ (deficit) equity $ 757,539 $ 765,514 $ 840,598