Leases (Tables)
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3 Months Ended |
May 04, 2019 |
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| Leases [Abstract] |
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| Components of lease expense [Table Text Block] |
The components of lease expense were as follows:
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For the Three-Month Period Ended
May 4, 2019 |
Operating lease cost |
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$ |
265,000 |
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Short-term lease cost |
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62,000 |
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Variable lease cost (a) |
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20,000 |
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(a) Includes variable costs of finance leases.
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| Supplemental cash flow information related to leases [Table Text Block] |
The Company did not obtain any right-of-use assets in exchange for operating and finance leases during the three-month period ended May 4, 2019. Supplemental cash flow information related to leases were as follows:
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For the Three-Month Period Ended
May 4, 2019 |
Cash paid for amounts included in the measurement of lease liabilities: |
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Operating cash flows from operating leases |
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$ |
264,000 |
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Operating cash flows from finance leases |
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1,000 |
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Financing cash flows from finance leases |
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3,000 |
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| 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:
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May 4, 2019 |
Weighted average remaining lease term: |
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Operating leases |
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1.4 years |
Finance leases |
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2.6 years |
Weighted average discount rate: |
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Operating leases |
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5.5% |
Finance leases |
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5.8% |
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| Supplemental balance sheet information related to leases [Table Text Block] |
Supplemental balance sheet information related to leases is as follows:
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Leases |
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Classification |
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May 4, 2019 |
Assets |
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Operating lease right-of-use assets |
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Other assets |
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$ |
1,227,000 |
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Finance lease right-of-use assets |
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Property and equipment, net |
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25,000 |
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Total lease right-of-use assets |
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$ |
1,252,000 |
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Operating lease liabilities |
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Current portion of operating lease liabilities |
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Current portion of operating lease liabilities |
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$ |
824,000 |
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Operating lease liabilities, excluding current portion |
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Other long term liabilities |
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337,000 |
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Total operating lease liabilities |
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1,161,000 |
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Finance lease liabilities |
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Current portion of finance lease liabilities |
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Current liabilities: Accrued liabilities |
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10,000 |
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Finance lease liabilities, excluding current portion |
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Other long term liabilities |
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16,000 |
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Total finance lease liabilities |
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26,000 |
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Total lease liabilities |
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$ |
1,187,000 |
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| Schedule of maturities of operating lease liabilities [Table Text Block] |
Future maturities of lease liabilities as of May 4, 2019 are as follows:
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Fiscal year |
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Operating Leases |
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Finance Leases |
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Total |
2019 |
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$ |
665,000 |
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$ |
10,000 |
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$ |
675,000 |
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2020 |
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542,000 |
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8,000 |
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550,000 |
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2021 |
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— |
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8,000 |
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8,000 |
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2022 |
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— |
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2,000 |
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2,000 |
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2023 |
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— |
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— |
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— |
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Thereafter |
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— |
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— |
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— |
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Total lease payments |
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1,207,000 |
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28,000 |
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1,235,000 |
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Less imputed interest |
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(46,000 |
) |
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(2,000 |
) |
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(48,000 |
) |
Total lease liabilities |
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$ |
1,161,000 |
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$ |
26,000 |
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$ |
1,187,000 |
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| Schedule of maturities of finance lease liabilities [Table Text Block] |
Future maturities of lease liabilities as of May 4, 2019 are as follows:
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Fiscal year |
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Operating Leases |
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Finance Leases |
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Total |
2019 |
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$ |
665,000 |
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$ |
10,000 |
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$ |
675,000 |
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2020 |
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542,000 |
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8,000 |
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550,000 |
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2021 |
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— |
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8,000 |
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8,000 |
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2022 |
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— |
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2,000 |
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2,000 |
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2023 |
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— |
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— |
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— |
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Thereafter |
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— |
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— |
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— |
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Total lease payments |
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1,207,000 |
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28,000 |
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1,235,000 |
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Less imputed interest |
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(46,000 |
) |
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(2,000 |
) |
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(48,000 |
) |
Total lease liabilities |
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$ |
1,161,000 |
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$ |
26,000 |
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$ |
1,187,000 |
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| Schedule of future minimum rental payments for operating leases at February 2, 2019 [Table Text Block] |
Disclosures Related to Periods Prior to Adoption of Leases, Topic 842
Future minimum lease payments for assets under capital and operating leases at February 2, 2019 are as follows:
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Future Minimum Lease Payments: |
Capital Leases |
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Operating Leases |
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2019 |
$ |
13,000 |
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$ |
1,005,000 |
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2020 |
8,000 |
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604,000 |
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2021 |
8,000 |
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— |
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2022 |
2,000 |
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— |
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2023 and thereafter |
— |
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— |
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Total minimum lease payments |
31,000 |
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$ |
1,609,000 |
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Less: Amounts representing interest |
(2,000 |
) |
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29,000 |
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Less: Current portion |
(12,000 |
) |
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Long-term capital lease obligation |
$ |
17,000 |
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| Schedule of future minimum lease payments for capital leases at February 2, 2019 [Table Text Block] |
Disclosures Related to Periods Prior to Adoption of Leases, Topic 842
Future minimum lease payments for assets under capital and operating leases at February 2, 2019 are as follows:
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Future Minimum Lease Payments: |
Capital Leases |
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Operating Leases |
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2019 |
$ |
13,000 |
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$ |
1,005,000 |
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2020 |
8,000 |
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604,000 |
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2021 |
8,000 |
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— |
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2022 |
2,000 |
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— |
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2023 and thereafter |
— |
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— |
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Total minimum lease payments |
31,000 |
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$ |
1,609,000 |
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Less: Amounts representing interest |
(2,000 |
) |
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29,000 |
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Less: Current portion |
(12,000 |
) |
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Long-term capital lease obligation |
$ |
17,000 |
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