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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Feb. 25, 2017
Feb. 27, 2016
Current assets:    
Cash and cash equivalents $ 90,856 $ 79,495
Accounts receivable, net 20,470 16,482
Merchandise inventories, net 331,146 347,966
Income taxes receivable 35,559 28,877
Other current assets 13,379 17,009
Current assets held for sale 0 31,524
Total current assets 491,410 521,353
Property and equipment:    
Land 1,557 1,557
Building 44,249 43,665
Leasehold improvements 206,446 193,852
Furniture, fixtures, and equipment 281,730 253,897
Construction in progress 6,503 9,164
Property and equipment, gross 540,485 502,135
Less accumulated depreciation 292,588 263,068
Total property and equipment, net 247,897 239,067
Other assets, net 7,161 7,857
Long-term assets held for sale 0 49,271
Total assets 746,468 817,548
Current liabilities:    
Accounts payable 166,614 150,050
Employee compensation 15,407 17,602
Accrued property and sales tax 9,750 10,225
Other liabilities and accrued expenses 30,200 30,029
Current liabilities held for sale 0 13,281
Other liabilities and accrued expenses 221,971 221,187
Commitments and contingencies
Deferred credits from landlords 32,133 30,503
Deferred income taxes 32,226 25,441
Other long-term liabilities 8,640 10,869
Long-term liabilities held for sale 0 1,904
Shareholders’ equity:    
Preferred stock, $.01 par value; 1,000 shares authorized; none issued 0 0
Common stock, $.01 par value; 110,000 shares authorized; 60,145 shares issued 601 601
Additional paid-in capital 245,335 237,129
Retained earnings 604,136 639,296
Treasury stock, shares held - (2017 – 19,421; 2016 – 17,381) (398,574) (349,382)
Total shareholders’ equity 451,498 527,644
Total liabilities and shareholders’ equity $ 746,468 $ 817,548