Restricted Cash

9 Months Ended

Nov. 03, 2018

Disclosure Text Block Supplement [Abstract]

Restricted Assets Disclosure [Text Block]

Note 7. Restricted Cash

As of November 3, 2018, the Company had restricted cash of $4.1 million and $5.9 million reported in current and other assets on the accompanying condensed consolidated balance sheet, respectively. As of October 28, 2017, the Company had restricted cash of $1.5 million and $10.7 million reported in current and other assets on the accompanying condensed consolidated balance sheet, respectively.

In connection with the acquisition of etailz and under the terms of the amended and restated share purchase agreement, the Company designated $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, which is classified as restricted cash in current assets as of November 3, 2018 on the accompanying interim condensed consolidated balance sheet.

In addition, as a result of the death of its former Chairman, the Company holds $7.1 million in a rabbi trust, of which $0.9 million is classified as restricted cash in current assets and $5.9 million is classified as restricted cash in other assets of November 3, 2018 on the accompanying interim condensed consolidated balance sheet.

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

	November 3,		February 3,		October 28,
	2018		2018		2017
Cash and cash equivalents	$	4,497	$	31,326	$	3,924
Restricted cash		10,066		12,180		12,234
Total cash, cash equivalents and restricted cash	$	14,563	$	43,506	$	16,158

During the thirty-nine weeks ended November 3, 2018, the Company paid out $1.5 million of the restricted cash to the etailz shareholders per the terms of the original etailz acquisition share purchase agreement.