ASSETS HELD-FOR-SALE AND DISCONTINUED OPERATIONS (Tables)

3 Months Ended

May 05, 2018

Assets Held-for-sale And Discontinued Operations Tables

Schedule of major classes of assets and liabilities

The following table provides a reconciliation of the carrying amounts of major classes of assets and liabilities which are included in assets and liabilities held for sale in the accompanying consolidated balance sheet for each of the periods presented:

	May 5, 2018		February 3,
(in thousands)	(unaudited)		2018
Current assets:
Accounts Receivable, net	$	15,308	$	15,983
Inventories		5,586		3,756
Other non-trade receivables		87		152
Prepaid expenses and other current assets		11		12
Total current assets held-for-sale	$	20,992	$	19,903
Property and equipment, less accumulated depreciation and amortization	$	90	$	1,036
Goodwill		30,609		30,609
Intangible assets, net		8,941		9,533
Other noncurrent assets, net		539		539
Total noncurrent assets held-for-sale	$	40,179	$	41,717
Current liabilities:
Accounts payable	$	28,036	$	22,045
Accrued expenses and other		2,868		4,527
Total current liabilities held-for-sale	$	30,904	$	26,572
Deferred income taxes	$	—	$	—
Other noncurrent liabilities		—		48
Total noncurrent liabilities held-for-sale	$	—	$	48

Schedule of discontinued operations

The following table summarizes the results of discontinued operations for the quarters ended May 5, 2018, and April 29, 2017:

	For the Thirteen Weeks Ended
	(unaudited)
	May 5,			April 29,
(in thousands)	2018			2017
Revenues	$	69,846		$	68,148
Cost of Goods Sold		67,470			63,802
Gross Profit		2,376			4,346
Depreciation and amortization		608			748
Selling, general and administrative expenses		3,924			2,567
Income (loss) from discontinued operations before Income taxes		(2,156	)		1,031
Income tax expense (benefit)		—			(278	)
Income (loss) from discontinued operations, net of tax		(2,156	)		1,309