Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.21.2
Leases (Tables)
9 Months Ended
Oct. 30, 2021
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 Nine-Month Periods Ended

    

October 30, 2021

October 31, 2020

October 30, 2021

October 31, 2020

Operating lease cost

$

323,000

$

241,000

$

884,000

$

731,000

Short-term lease cost

 

34,000

 

15,000

 

64,000

 

60,000

Variable lease cost (a)

 

31,000

 

19,000

 

73,000

 

72,000

(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 Nine-Month Periods Ended

    

October 30, 2021

October 31, 2020

Cash paid for amounts included in the measurement of lease liabilities:

 

  

 

  

 

Operating cash flows used for operating leases

$

822,000

$

824,000

Operating cash flows used for finance leases

 

2,000

 

5,000

Financing cash flows used for finance leases

70,000

75,000

Right-of-use assets obtained in exchange for lease liabilities:

Operating leases

3,268,000

1,299,000

Finance leases

 

 

62,000

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:

    

October 30 2021

    

October 31, 2020

    

Weighted average remaining lease term:

 

  

 

  

 

Operating leases

 

3.5 years

 

2.6 years

 

Finance leases

 

0.6 years

 

1.3 years

 

Weighted average discount rate:

 

  

 

  

 

Operating leases

 

6.4%

 

6.8%

 

Finance leases

 

5.8%

 

5.7%

 

Supplemental balance sheet information related to leases [Table Text Block]

Supplemental balance sheet information related to leases is as follows:

October 30,

January 30,

Leases

    

Classification

    

2021

    

2021

    

Assets

 

  

 

  

 

  

 

Operating lease right-of-use assets

 

Other assets

$

3,523,000

$

1,116,000

Finance lease right-of-use assets

 

Property and equipment, net

 

35,000

 

101,000

Total lease right-of-use assets

 

  

$

3,558,000

$

1,217,000

Operating lease liabilities

 

  

 

  

 

  

Current portion of operating lease liabilities

 

Current portion of operating lease liabilities

$

1,046,000

$

462,000

Operating lease liabilities, excluding current portion

 

Other long term liabilities

 

2,568,000

 

646,000

Total operating lease liabilities

 

  

 

3,614,000

 

1,108,000

Finance lease liabilities

 

  

 

  

 

  

Current portion of finance lease liabilities

 

Current liabilities: Accrued liabilities

 

35,000

 

86,000

Finance lease liabilities, excluding current portion

 

Other long term liabilities

 

 

19,000

Total finance lease liabilities

 

  

 

35,000

 

105,000

Total lease liabilities

 

  

$

3,649,000

$

1,213,000

Schedule of maturities of finance lease liabilities [Table Text Block]

Future maturities of lease liabilities as of October 30, 2021 are as follows:

Fiscal year

    

Operating Leases

    

Finance Leases

2021

$

320,000

$

17,000

2022

 

1,271,000

 

19,000

2023

 

1,106,000

 

2024

 

889,000

 

Thereafter

 

708,000

 

Total lease payments

 

4,294,000

 

36,000

Less imputed interest

 

(680,000)

 

(1,000)

Total lease liabilities

$

3,614,000

$

35,000

Schedule of maturities of operating lease liabilities [Table Text Block]

Future maturities of lease liabilities as of October 30, 2021 are as follows:

Fiscal year

    

Operating Leases

    

Finance Leases

2021

$

320,000

$

17,000

2022

 

1,271,000

 

19,000

2023

 

1,106,000

 

2024

 

889,000

 

Thereafter

 

708,000

 

Total lease payments

 

4,294,000

 

36,000

Less imputed interest

 

(680,000)

 

(1,000)

Total lease liabilities

$

3,614,000

$

35,000