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Stockholders' Equity (Tables)
12 Months Ended
Feb. 02, 2019
Equity [Abstract]  
Schedule of Loan Amounts Provided and Stock Warrants Issued to Investors

(Dollars in thousands)

 

Term Loan

and

Junior Note

Amounts

 

Stock

Warrant

Shares

Term Loan lenders, unrelated parties

 

$

40,000

 

 

1,192,997

Additional Term Loan lenders, unrelated parties

 

 

5,250

 

 

690,000

Cove Street Capital, LLC, large stockholder

 

 

9,000

 

 

1,245,000

Jess Ravich, board member and large stockholder

 

 

4,400

 

 

355,000

Henry Stupp, Chief Executive Officer and board member

 

 

100

 

 

 

 

$

58,750

 

 

3,482,997

Investor’s participation interest purchased in the Cerberus Credit Facility

 

(Dollars in thousands)

 

Participation

Interest in

Term Loan

 

Stock

Warrant

Shares

Cove Street Capital, LLC, large stockholder

 

$

7,000

 

 

311,111

Jess Ravich, Director and large stockholder

 

 

4,400

 

 

195,556

Henry Stupp, Chief Executive Officer and Director

 

 

100

 

 

4,444

 

 

$

11,500

 

 

511,111

 

Summary Of Equity Financing Terms

(Dollars in thousands)

 

Shares

Purchased

 

Purchase

Price

of Shares

Purchased

 

Stock

Warrant

Shares

Jess Ravich, Director and large stockholder

 

 

473,934

 

$

2,000

 

 

237,834

Robert Galvin, Chairman of the Board

 

 

23,697

 

 

100

 

 

5,924

Howard Siegel, President, Chief Operating Officer

 

 

23,697

 

 

100

 

 

Cove Street Capital, LLC, large stockholder

 

 

236,967

 

 

1,000

 

 

59,241

Other Investors

 

 

189,575

 

 

800

 

 

23,696

 

 

 

947,870

 

$

4,000

 

 

326,695

 

Schedule of outstanding stock warrants

 

 

Year Ended

 

 

February 2, 2019

 

February 3, 2018

 

 

Outstanding

Stock

Warrant

Shares

 

Average

Exercise

Price Per

Share

 

Outstanding

Stock

Warrant

Shares

 

Average

Exercise

Price Per

Share

Unexercisable warrants issued to licensee

 

 

80,000

 

$

10.00

 

 

100,000

 

$

10.00

Exercisable warrants issued to licensee

 

 

40,000

 

 

10.00

 

 

20,000

 

 

10.00

Warrants issued to junior note holders

 

 

1,756,111

 

 

1.01

 

 

511,111

 

 

2.25

Warrants issued in private placement

 

 

326,695

 

 

4.22

 

 

326,695

 

 

4.22

Warrants issued to term loan lenders

 

 

1,882,997

 

 

0.56

 

 

 

 

 

 

 

 

 

4,085,803

 

$

1.32

 

 

957,806

 

$

3.81

Schedule of assumptions under the Black-Scholes option-pricing model for estimation of fair value of options

 

 

Year Ended

 

 

February 2, 2019

 

February 3, 2018

Expected dividend yield

 

%

 

%

Expected volatility

 

67.8

to

84.5

 

 

39.8

to

58.9

 

Risk-free interest rate

 

2.4%

to

2.6

%

 

1.9%

to

2.3

%

Expected life (in years)

 

3.0

to

3.7

 

 

4.8

to

4.9

 

Estimated forfeiture rate

 

—%

to

10.0

%

 

—%

to

10.0

%

 

Summary of activity for stock options

(Dollar amounts in thousands, except per share amounts)

 

Shares

 

 

Weighted

Average

Price

 

 

Weighted

Average

Remaining

Contractual

Term

(in years)

 

 

Aggregate

Intrinsic

Value

 

Outstanding, at January 28, 2017

 

 

 

1,092,502

 

 

$

 

16.59

 

 

 

 

3.7

 

 

 

 

 

Granted

 

 

 

143,000

 

 

$

 

3.61

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

Canceled/forfeited

 

 

 

(860,168

)

 

$

 

17.05

 

 

 

 

 

 

 

 

 

 

 

Outstanding, at February 3, 2018

 

 

 

375,334

 

 

$

 

10.59

 

 

 

 

4.2

 

 

 

 

 

Granted

 

 

 

106,000

 

 

$

 

0.59

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

Canceled/forfeited

 

 

 

(64,833

)

 

$

 

11.34

 

 

 

 

 

 

 

 

 

 

 

Outstanding, at February 2, 2019

 

 

 

416,501

 

 

$

 

7.93

 

 

 

 

3.5

 

 

 

 

 

Vested and Exercisable at February 2, 2019

 

 

 

230,165

 

 

$

 

12.47

 

 

 

 

2.6

 

 

 

 

 

 

Summary of information about restricted stock and performance stock units activity

 

 

Number of

Shares

 

 

Weighted

Average

Grant-Date

Fair Value

 

Unvested stock at January 28, 2017

 

 

 

157,169

 

 

$

 

19.71

 

Granted

 

 

 

185,951

 

 

 

 

2.23

 

Vested

 

 

 

(101,468

)

 

 

 

13.69

 

Forfeited

 

 

 

(28,667

)

 

 

 

17.31

 

Unvested stock at February 3, 2018

 

 

 

212,985

 

 

$

 

7.64

 

Granted

 

 

 

984,617

 

 

 

 

0.76

 

Vested

 

 

 

(348,753

)

 

 

 

3.77

 

Forfeited

 

 

 

(144,894

)

 

 

 

3.25

 

Unvested stock at February 2, 2019

 

 

 

703,955

 

 

$

 

0.83