Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.20.2
Leases (Tables)
6 Months Ended
Aug. 01, 2020
Leases [Abstract]  
Components of lease expense [Table Text Block]
The components of lease expense were as follows:
 
 
For the Three-Month Periods Ended
 
For the Six-Month Periods Ended
 
 
August 1, 2020
 
August 3, 2019
 
August 1, 2020
 
August 3, 2019
Operating lease cost
 
$
245,000

 
$
258,000

 
$
490,000

 
$
523,000

Short-term lease cost
 
15,000

 
48,000

 
45,000

 
110,000

Variable lease cost (a)
 
26,000

 
30,000

 
53,000

 
50,000

(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 Six-Month Periods Ended
 
 
August 1, 2020
 
August 3, 2019
Cash paid for amounts included in the measurement of lease liabilities:
 
 
 
 
Operating cash flows used for operating leases
 
$
613,000

 
$
524,000

Operating cash flows used for finance leases
 
3,000

 
3,000

Financing cash flows used for finance leases
 
49,000

 
23,000

Right-of-use assets obtained in exchange for lease liabilities:
 
 
 
 
Operating leases
 
534,000

 
142,000

Finance leases
 
34,000

 
188,000

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:
 
 
August 1, 2020
 
February 1, 2020
Weighted average remaining lease term:
 
 
 
 
Operating leases
 
3.5 years
 
1.4 years
Finance leases
 
1.4 years
 
1.9 years
Weighted average discount rate:
 
 
 
 
Operating leases
 
6.7%
 
5.6%
Finance leases
 
5.5%
 
5.3%
Supplemental balance sheet information related to leases [Table Text Block]
Supplemental balance sheet information related to leases is as follows:
Leases
 
Classification
 
August 1,
2020
 
February 1,
2020
Assets
 
 
 
 
 
 
Operating lease right-of-use assets
 
Other assets
 
$
851,000

 
$
832,000

Finance lease right-of-use assets
 
Property and equipment, net
 
127,000

 
143,000

Total lease right-of-use assets
 
 
 
$
978,000

 
$
975,000

Operating lease liabilities
 
 
 
 
 
 
Current portion of operating lease liabilities
 
Current portion of operating lease liabilities
 
$
278,000

 
$
704,000

Operating lease liabilities, excluding current portion
 
Other long term liabilities
 
503,000

 
129,000

Total operating lease liabilities
 
 
 
781,000

 
833,000

Finance lease liabilities
 
 
 
 
 
 
Current portion of finance lease liabilities
 
Current liabilities: Accrued liabilities
 
96,000

 
80,000

Finance lease liabilities, excluding current portion
 
Other long term liabilities
 
34,000

 
66,000

Total finance lease liabilities
 
 
 
130,000

 
146,000

Total lease liabilities
 
 
 
$
911,000

 
$
979,000

Schedule of maturities of operating lease liabilities [Table Text Block]
Future maturities of lease liabilities as of August 1, 2020 are as follows:
Fiscal year
 
Operating Leases
 
Finance Leases
2020
 
$
235,000

 
$
53,000

2021
 
169,000

 
74,000

2022
 
172,000

 
8,000

2023
 
168,000

 

2024
 
141,000

 

Thereafter
 

 

Total lease payments
 
885,000

 
135,000

Less imputed interest
 
(104,000
)
 
(5,000
)
Total lease liabilities
 
$
781,000

 
$
130,000

Schedule of maturities of finance lease liabilities [Table Text Block]
Future maturities of lease liabilities as of August 1, 2020 are as follows:
Fiscal year
 
Operating Leases
 
Finance Leases
2020
 
$
235,000

 
$
53,000

2021
 
169,000

 
74,000

2022
 
172,000

 
8,000

2023
 
168,000

 

2024
 
141,000

 

Thereafter
 

 

Total lease payments
 
885,000

 
135,000

Less imputed interest
 
(104,000
)
 
(5,000
)
Total lease liabilities
 
$
781,000

 
$
130,000