XML 12 R2.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Nov. 26, 2016
Feb. 27, 2016
Nov. 28, 2015
Current assets:      
Cash and cash equivalents $ 33,297 $ 79,495 $ 55,273
Accounts receivable, net 23,460 16,482 19,016
Merchandise inventories, net 401,528 347,966 383,758
Income taxes receivable 8,298 28,877 28,941
Other 15,931 17,009 24,394
Current assets held for sale 31,935 31,524 33,616
Total current assets 514,449 521,353 544,998
Property and equipment:      
Land 1,557 1,557 1,557
Building 44,039 43,665 43,665
Leasehold improvements 215,796 193,852 248,691
Furniture, fixtures, and equipment 279,578 253,897 265,331
Construction in progress 9,409 9,164 35,156
Property and equipment, gross 550,379 502,135 594,400
Less accumulated depreciation 292,066 263,068 320,302
Total property and equipment, net 258,313 239,067 274,098
Other assets 8,874 7,857 8,622
Long-term assets held for sale 0 49,271 52,058
Other assets 781,636 817,548 879,776
Current liabilities:      
Accounts payable 178,764 150,050 182,532
Revolving credit facility 17,000 0 0
Employee compensation 11,955 17,602 17,273
Accrued property and sales tax 9,015 10,225 7,701
Other liabilities and accrued expenses 30,503 30,029 29,984
Current liabilities held for sale 15,344 13,281 15,407
Total current liabilities 262,581 221,187 252,897
Commitments and contingencies
Deferred credits from landlords 32,401 30,503 30,245
Deferred income taxes 12,015 25,441 25,495
Other long-term liabilities 8,971 10,869 11,311
Long-term liabilities held for sale 0 1,904 2,239
Shareholders’ equity:      
Preferred stock, $.01 par value; 1,000 shares authorized; none issued 0 0 0
Common stock, $.01 par value; 110,000 shares authorized; 60,145 shares issued, Shares outstanding - (November 26, 2016 - 40,503; November 28, 2015 – 44,357; February 27, 2016 – 42,377) 601 601 601
Additional paid-in capital 220,953 216,090 211,658
Retained earnings 639,138 660,335 660,591
Treasury stock, shares held - (November 26, 2016 – 19,256; November 28, 2015 – 15,401; February 27, 2016 – 17,381) (395,024) (349,382) (315,261)
Total shareholders’ equity 465,668 527,644 557,589
Total liabilities and shareholders’ equity $ 781,636 $ 817,548 $ 879,776