Subsequent Events

3 Months Ended

Apr. 29, 2017

Subsequent Events

Subsequent Events

12.         Subsequent Events

After the three months ended May 5, 2018, the Company initiated a restructuring plan (the “2018 Restructuring Plan”) that includes headcount reductions and decreases in facilities and other operating expenses.  Certain specifics of the 2018 Restructuring Plan and the overall cost are currently being evaluated by management.  No amounts related to the 2018 Restructuring Plan have been accrued as of May 5, 2018.

On June 1, 2018, the Company completed the sale of Flip Flop Shops, its franchise retail chain, to Bearpaw Holdings, LLC. The Company intends to use the sale proceeds to reduce its long-term debt.