Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.19.3.a.u2
Leases (Tables)
9 Months Ended
Nov. 02, 2019
Leases [Abstract]  
Components of lease expense [Table Text Block]
The components of lease expense were as follows:
 
 
For the Three-Month
 
For the Nine-Month
 
 
Period Ended
 
Period Ended
 
 
November 2, 2019
 
November 2, 2019
Operating lease cost
 
$
240,000

 
$
763,000

Short-term lease cost
 
16,000

 
126,000

Variable lease cost (a)
 
21,000

 
71,000

(a) Includes variable costs of finance leases.
Supplemental cash flow information related to leases [Table Text Block]
The Company obtained $188,000 and $180,000 right-of-use assets in exchange for finance and operating leases, respectively, during the nine-month period ended November 2, 2019. Supplemental cash flow information related to leases were as follows:
 
 
For the Nine-Month
 
 
Period Ended
 
 
November 2, 2019
Cash paid for amounts included in the measurement of lease liabilities:
 
 
Operating cash flows used for operating leases
 
$
769,000

Operating cash flows used for finance leases
 
5,000

Financing cash flows used for finance leases
 
46,000

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:
 
 
November 2, 2019
Weighted average remaining lease term:
 
 
Operating leases
 
1.1 years
Finance leases
 
2.1 years
Weighted average discount rate:
 
 
Operating leases
 
5.5%
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
 
November 2, 2019
Assets
 
 
 
 
Operating lease right-of-use assets
 
Other assets
 
$
927,000

Finance lease right-of-use assets
 
Property and equipment, net
 
167,000

Total lease right-of-use assets
 
 
 
$
1,094,000

Operating lease liabilities
 
 
 
 
Current portion of operating lease liabilities
 
Current portion of operating lease liabilities
 
$
836,000

Operating lease liabilities, excluding current portion
 
Other long term liabilities
 
28,000

Total operating lease liabilities
 
 
 
864,000

Finance lease liabilities
 
 
 
 
Current portion of finance lease liabilities
 
Current liabilities: Accrued liabilities
 
87,000

Finance lease liabilities, excluding current portion
 
Other long term liabilities
 
83,000

Total finance lease liabilities
 
 
 
170,000

Total lease liabilities
 
 
 
$
1,034,000

Schedule of maturities of operating lease liabilities [Table Text Block]
Future maturities of lease liabilities as of November 2, 2019 are as follows:
Fiscal year
 
Operating Leases
 
Finance Leases
 
Total
2019
 
$
237,000

 
$
27,000

 
$
264,000

2020
 
628,000

 
85,000

 
713,000

2021
 
11,000

 
60,000

 
71,000

2022
 
11,000

 
8,000

 
19,000

2023
 
3,000

 

 
3,000

Thereafter
 

 

 

Total lease payments
 
890,000

 
180,000

 
1,070,000

Less imputed interest
 
(26,000
)
 
(10,000
)
 
(36,000
)
Total lease liabilities
 
$
864,000

 
$
170,000

 
$
1,034,000

Schedule of maturities of finance lease liabilities [Table Text Block]
Future maturities of lease liabilities as of November 2, 2019 are as follows:
Fiscal year
 
Operating Leases
 
Finance Leases
 
Total
2019
 
$
237,000

 
$
27,000

 
$
264,000

2020
 
628,000

 
85,000

 
713,000

2021
 
11,000

 
60,000

 
71,000

2022
 
11,000

 
8,000

 
19,000

2023
 
3,000

 

 
3,000

Thereafter
 

 

 

Total lease payments
 
890,000

 
180,000

 
1,070,000

Less imputed interest
 
(26,000
)
 
(10,000
)
 
(36,000
)
Total lease liabilities
 
$
864,000

 
$
170,000

 
$
1,034,000

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:
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 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:
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