Leases (Tables)
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3 Months Ended |
May 01, 2021 |
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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 Periods Ended |
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May 1, 2021 |
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May 2, 2020 |
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Operating lease cost |
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$ |
272,000 |
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$ |
245,000 |
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Short-term lease cost |
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|
3,000 |
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|
30,000 |
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Variable lease cost (a) |
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18,000 |
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|
27,000 |
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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] |
Supplemental cash flow information related to leases were as follows:
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For the Three-Month Periods Ended |
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May 1, 2021 |
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May 2, 2020 |
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Cash paid for amounts included in the measurement of lease liabilities: |
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Operating cash flows used for operating leases |
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$ |
272,000 |
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$ |
338,000 |
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Operating cash flows used for finance leases |
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1,000 |
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|
2,000 |
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Financing cash flows used for finance leases |
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28,000 |
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25,000 |
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Right-of-use assets obtained in exchange for lease liabilities: |
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Operating leases |
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— |
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532,000 |
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Finance leases |
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— |
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— |
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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 1, 2021 |
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May 2, 2020 |
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Weighted average remaining lease term: |
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Operating leases |
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3.1 years |
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3.1 years |
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Finance leases |
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1.0 years |
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1.7 years |
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Weighted average discount rate: |
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Operating leases |
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6.8% |
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6.5% |
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Finance leases |
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5.7% |
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5.3% |
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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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May 1, |
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January 30, |
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Leases |
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Classification |
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2021 |
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2021 |
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Assets |
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Operating lease right-of-use assets |
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Other assets |
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$ |
860,000 |
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$ |
1,116,000 |
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Finance lease right-of-use assets |
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Property and equipment, net |
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|
73,000 |
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|
101,000 |
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Total lease right-of-use assets |
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$ |
933,000 |
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$ |
1,217,000 |
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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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$ |
262,000 |
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$ |
462,000 |
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Operating lease liabilities, excluding current portion |
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Other long term liabilities |
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|
601,000 |
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|
646,000 |
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Total operating lease liabilities |
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|
863,000 |
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|
1,108,000 |
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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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70,000 |
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|
86,000 |
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Finance lease liabilities, excluding current portion |
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Other long term liabilities |
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6,000 |
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19,000 |
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Total finance lease liabilities |
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76,000 |
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|
105,000 |
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Total lease liabilities |
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$ |
939,000 |
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$ |
1,213,000 |
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| Schedule of maturities of finance lease liabilities [Table Text Block] |
Future maturities of lease liabilities as of May 1, 2021 are as follows:
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Fiscal year |
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Operating Leases |
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Finance Leases |
2021 |
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$ |
255,000 |
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$ |
59,000 |
2022 |
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|
313,000 |
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19,000 |
2023 |
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|
250,000 |
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— |
2024 |
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|
141,000 |
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— |
Thereafter |
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— |
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— |
Total lease payments |
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|
959,000 |
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|
78,000 |
Less imputed interest |
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|
(96,000) |
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|
(2,000) |
Total lease liabilities |
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$ |
863,000 |
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$ |
76,000 |
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| Schedule of maturities of operating lease liabilities [Table Text Block] |
Future maturities of lease liabilities as of May 1, 2021 are as follows:
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Fiscal year |
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Operating Leases |
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Finance Leases |
2021 |
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$ |
255,000 |
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$ |
59,000 |
2022 |
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|
313,000 |
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|
19,000 |
2023 |
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|
250,000 |
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|
— |
2024 |
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|
141,000 |
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|
— |
Thereafter |
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— |
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— |
Total lease payments |
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|
959,000 |
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|
78,000 |
Less imputed interest |
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(96,000) |
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|
(2,000) |
Total lease liabilities |
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$ |
863,000 |
|
$ |
76,000 |
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