Restricted Cash

12 Months Ended

Feb. 03, 2018

Disclosure Text Block Supplement [Abstract]

Restricted Assets Disclosure [Text Block]

Note 6. Restricted Cash

As of February 3, 2018 and January 28, 2017, 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 3), 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 has been classified as restricted cash on the accompanying Consolidated Balance Sheet as of February 3, 2018.

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

	February 3,		January 28,
	2018		2017
Cash and cash equivalents	$	31,326	$	27,974
Restricted cash		12,180		16,103
Total cash, cash equivalents and restricted cash	$	43,506	$	44,077

There was no restricted cash as of January 30, 2016.