XML 33 R18.htm IDEA: XBRL DOCUMENT v3.19.1
Corporate Restructuring
12 Months Ended
Feb. 02, 2019
Restructuring And Related Activities [Abstract]  
Corporate Restructuring

K. CORPORATE RESTRUCTURING

On May 16, 2018, the Company committed to a corporate restructuring plan (“Restructuring”) to accelerate the Company's path to profitability by better aligning its expense structure with its revenues.  The Company eliminated 56 positions, which represented approximately 15% of its corporate work force, or 2% of its total work force, in connection with the Restructuring. On May 16, 2018, 36 employees were notified of their termination, with the remaining 20 positions representing open positions that will not be filled. The Company offered cash severance benefits to the eligible affected employees.  Each affected employee’s eligibility for these severance benefits is contingent upon such employee’s execution (and no revocation) of a separation agreement, which includes a general release of claims against the Company.

 

The Company incurred an aggregate charge of approximately $1.9 million for employee severance and one-time termination benefits, as well as other employee-related costs associated with the Restructuring. Approximately $1.6 million of the $1.9 million will be cash expenditures. At February 2, 2019, the Company has an accrued liability related to the restructuring of $0.2 million.