Restructuring Costs

3 Months Ended

May 01, 2021

Restructuring Costs [Abstract]

Restructuring Costs

(15)  Restructuring Costs

During the first quarter of fiscal 2020, the Company implemented and completed a cost optimization initiative, which eliminated positions across the Company’s ShopHQ segment, the majority of whom were employed in customer service, order fulfillment and television production. As a result of the first quarter fiscal 2020 cost optimization initiative, the Company recorded restructuring charges of  $209,000 for the three-month periods ended May 2, 2020, which relate primarily to severance and other incremental costs associated with the consolidation and elimination of positions across the Company’s ShopHQ segment. These initiatives were substantially completed as of May 1, 2021.

The following table summarizes the significant components and activity under the restructuring program for the three-month period ended May 1, 2021:

	Balance at						Balance at
	January 30,						May 1,
	2021		Charges		Cash Payments		2021
Severance	$	42,000	$	—	$	(42,000)	$	—
Other incremental costs		5,000		—		(5,000)		—
	$	47,000	$	—	$	(47,000)	$	—

The liability for restructuring accruals was previously presented in current accrued liabilities within the accompanying condensed consolidated balance sheets.