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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
May 02, 2020
Feb. 01, 2020
Current assets:    
Cash and cash equivalents $ 183 $ 3,198
Accounts receivable 1,619 2,975
Merchandise inventories 47,390 41,698
Prepaid expenses and other current assets 3,251 4,072
Income taxes receivable 374 291
Total current assets 52,817 52,234
Non-current assets:    
Property, equipment and improvements, net 23,416 24,952
Operating lease assets 104,735 110,509
Deferred income taxes 613 613
Other assets 1,160 1,098
Total non-current assets 129,924 137,172
Total assets 182,741 189,406
Current liabilities:    
Accounts payable 22,669 23,715
Short-term borrowings 16,797 0
Current portion of long-term debt 167 0
Current portion of long-term lease liabilities 29,201 26,185
Accrued salaries, wages and related expenses 2,082 4,723
Accrued liabilities and other current liabilities 18,380 24,053
Total current liabilities 89,296 78,676
Non-current liabilities:    
Long-term lease liabilities 94,757 99,793
Long-term debt 4,833 0
Other non-current liabilities 1,825 1,829
Total non-current liabilities 101,415 101,622
Commitments and contingencies 0 0
Stockholders’ equity:    
Preferred stock — $0.01 par value, 1,000 shares authorized, none outstanding 0 0
Common stock — $0.01 par value, 74,000 shares authorized, 48,675 and 48,680 shares issued, and 38,372 and 38,377 shares outstanding at May 2, 2020 and February 1, 2020, respectively 452 452
Additional paid-in capital 129,573 129,413
Accumulated deficit (25,120) (7,882)
Common stock held in treasury, 10,303 and 10,303 shares at cost at May 2, 2020 and February 1, 2020, respectively (112,875) (112,875)
Total stockholders’ equity (7,970) 9,108
Total liabilities and stockholders’ equity $ 182,741 $ 189,406