Restricted Cash

9 Months Ended

Oct. 28, 2017

Disclosure Text Block Supplement [Abstract]

Restricted Assets Disclosure [Text Block]

Note 8. Restricted Cash

As of October 28, 2017 and October 29, 2016, the Company had restricted cash of $12.2 million and $16.1 million, respectively.

In connection with the acquisition of etailz and under the terms of the share purchase agreement, as amended (see Note 4), the Company designated $1.5 million of the restricted cash to be made available to satisfy any indemnification claims within 18 months from the date of acquisition and $3.2 million of the restricted cash to equal the maximum earn-out amount that could be paid to the selling shareholders of etailz in accordance with the share purchase agreement, as amended.

In addition, as a result of the death of its former Chairman, the Company received $7.5 million which is held in a rabbi trust and was classified as restricted cash on the accompanying condensed consolidated balance sheet as of October 28, 2017.

A summary of cash, cash equivalents and restricted cash is as follows (in thousands):

	October 28,		January 28,		October 29,
	2017		2017		2016
Cash and cash equivalents	$	3,924	$	27,974	$	4,708
Restricted cash		12,234		16,103		16,100
Total cash, cash equivalents and restricted cash	$	16,158	$	44,077	$	20,808