Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.20.1
Leases (Tables)
12 Months Ended
Feb. 01, 2020
Leases [Abstract]  
Components of lease expense [Table Text Block]
The components of lease expense were as follows:
 
 
For the Year Ended
 
 
February 1, 2020
Operating lease cost
 
$
1,007,000

Short-term lease cost
 
153,000

Variable lease cost (a)
 
96,000

(a) Includes variable costs of finance leases.
Supplemental cash flow information related to leases [Table Text Block]
Supplemental cash flow information related to leases were as follows:
 
 
For the Fiscal Year Ended
 
 
February 1, 2020
Cash paid for amounts included in the measurement of lease liabilities:
 
 
Operating cash flows used for operating leases
 
$
950,000

Operating cash flows used for finance leases
 
8,000

Financing cash flows used for finance leases
 
71,000

Weighted average remaining lease term and weighted average discount rates related to leases [Table Text Block]
The weighted average remaining lease term and weighted average discount rates related to leases were as follows:
 
 
February 1, 2020
Weighted average remaining lease term:
 
 
Operating leases
 
1.4 years
Finance leases
 
1.9 years
Weighted average discount rate:
 
 
Operating leases
 
5.6%
Finance leases
 
5.3%
Supplemental balance sheet information related to leases [Table Text Block]
Supplemental balance sheet information related to leases is as follows:
Leases
 
Classification
 
February 1, 2020
Assets
 
 
 
 
Operating lease right-of-use assets
 
Other assets
 
$
832,000

Finance lease right-of-use assets
 
Property and equipment, net
 
143,000

Total lease right-of-use assets
 
 
 
$
975,000

Operating lease liabilities
 
 
 
 
Current portion of operating lease liabilities
 
Current portion of operating lease liabilities
 
$
704,000

Operating lease liabilities, excluding current portion
 
Other long term liabilities
 
129,000

Total operating lease liabilities
 
 
 
833,000

Finance lease liabilities
 
 
 
 
Current portion of finance lease liabilities
 
Current liabilities: Accrued liabilities
 
80,000

Finance lease liabilities, excluding current portion
 
Other long term liabilities
 
66,000

Total finance lease liabilities
 
 
 
146,000

Total lease liabilities
 
 
 
$
979,000

Schedule of maturities of finance lease liabilities [Table Text Block]
Future maturities of lease liabilities as of February 1, 2020 are as follows:
Fiscal year
 
Operating Leases
 
Finance Leases
 
Total
2020
 
$
725,000

 
$
85,000

 
$
810,000

2021
 
46,000

 
60,000

 
106,000

2022
 
47,000

 
8,000

 
55,000

2023
 
40,000

 

 
40,000

2024
 
10,000

 

 
10,000

Thereafter
 

 

 

Total lease payments
 
868,000

 
153,000

 
1,021,000

Less imputed interest
 
(35,000
)
 
(7,000
)
 
(42,000
)
Total lease liabilities
 
$
833,000

 
$
146,000

 
$
979,000

Schedule of maturities of operating lease liabilities [Table Text Block]
Future maturities of lease liabilities as of February 1, 2020 are as follows:
Fiscal year
 
Operating Leases
 
Finance Leases
 
Total
2020
 
$
725,000

 
$
85,000

 
$
810,000

2021
 
46,000

 
60,000

 
106,000

2022
 
47,000

 
8,000

 
55,000

2023
 
40,000

 

 
40,000

2024
 
10,000

 

 
10,000

Thereafter
 

 

 

Total lease payments
 
868,000

 
153,000

 
1,021,000

Less imputed interest
 
(35,000
)
 
(7,000
)
 
(42,000
)
Total lease liabilities
 
$
833,000

 
$
146,000

 
$
979,000

Schedule of future minimum lease payments for capital leases at February 2, 2019 [Table Text Block]
Future minimum lease payments for assets under capital and operating leases at February 2, 2019 are as follows:
Future Minimum Lease Payments:
Capital Leases
 
Operating Leases
 
 
 
 
2019
$
13,000

 
$
1,005,000

2020
8,000

 
604,000

2021
8,000

 

2022
2,000

 

2023 and thereafter

 

Total minimum lease payments
31,000

 
$
1,609,000

Less: Amounts representing interest
(2,000
)
 
 
 
29,000

 
 
Less: Current portion
(12,000
)
 
 
Long-term capital lease obligation
$
17,000

 
 
Schedule of future minimum lease payments for operating leases at February 2, 2019 [Table Text Block]
Future minimum lease payments for assets under capital and operating leases at February 2, 2019 are as follows:
Future Minimum Lease Payments:
Capital Leases
 
Operating Leases
 
 
 
 
2019
$
13,000

 
$
1,005,000

2020
8,000

 
604,000

2021
8,000

 

2022
2,000

 

2023 and thereafter

 

Total minimum lease payments
31,000

 
$
1,609,000

Less: Amounts representing interest
(2,000
)
 
 
 
29,000

 
 
Less: Current portion
(12,000
)
 
 
Long-term capital lease obligation
$
17,000