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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Aug. 29, 2015
Feb. 28, 2015
ASSETS    
Real estate, net $ 36,678 $ 31,121
Cash and cash equivalents 16,296 23,870
Restricted cash 3,730 21,578
Receivables 85 90
Prepaid expenses and other assets, net 2,087 2,276
Total assets 58,876 78,935
LIABILITIES    
Accounts payable and accrued expenses 8,027 10,241
Liability related to share based compensation 5,154 0
Other liabilities, primarily lease settlement liabilities 0 16,427
Obligation to former majority shareholder 7,066 7,066
Loan payable 40,000 40,000
Total liabilities $ 60,247 $ 73,734
Commitments and Contingencies
SHAREHOLDERS' (DEFICIT) EQUITY    
Preferred Stock, 40,000 shares authorized; no shares issued and outstanding $ 0 $ 0
Common stock, $0.01 par value, 80,000 shares authorized; 24,729 and 24,473 shares issued at August 29, 2015 and February 28, 2015, respectively; 20,132 and 20,016 shares outstanding at August 29, 2015 and February 28, 2015, respectively 247 245
Additional paid-in capital 43,285 45,375
Treasury stock (4,597 and 4,457 shares at August 29, 2015 and February 28, 2015, respectively) (48,271) (47,166)
Accumulated other comprehensive loss (1,476) (1,476)
Retained earnings 4,844 8,223
Total shareholders' (deficit) equity (1,371) 5,201
Total liabilities and shareholders' (deficit) equity $ 58,876 $ 78,935