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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Aug. 26, 2017
Feb. 25, 2017
Aug. 27, 2016
Current assets:      
Cash and cash equivalents $ 114,918 $ 90,856 $ 114,301
Accounts receivable, net 14,629 20,470 19,225
Merchandise inventories, net 308,074 331,146 346,385
Income taxes receivable 16,461 35,559 0
Other current assets 14,955 13,379 15,747
Current assets held for sale 0 0 27,160
Total current assets 469,037 491,410 522,818
Property and equipment:      
Land 1,557 1,557 1,557
Building 44,480 44,249 43,825
Leasehold improvements 208,044 206,446 207,150
Furniture, fixtures, and equipment 147,411 143,576 141,934
Construction in progress 2,726 5,966 1,872
Property and equipment, gross 404,218 401,794 396,338
Less accumulated depreciation 250,871 244,200 242,885
Total property and equipment, net 153,347 157,594 153,453
Intangible assets, net 86,215 90,303 92,542
Other assets, net 5,440 7,161 7,579
Long-term assets held for sale 0 0 48,929
Total assets 714,039 746,468 825,321
Current liabilities:      
Accounts payable 147,141 166,614 168,814
Employee compensation 13,498 15,407 13,690
Accrued property and sales tax 9,163 9,750 9,997
Income taxes payable 0 0 8,497
Other liabilities and accrued expenses 25,439 30,200 30,381
Current liabilities held for sale 0 0 14,191
Total current liabilities 195,241 221,971 245,570
Commitments and contingencies
Deferred credits from landlords 34,255 32,133 32,021
Deferred income taxes 23,805 32,226 21,265
Other long-term liabilities 7,114 8,640 9,252
Long-term liabilities held for sale 0 0 2,019
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 - (August 26, 2017 - 40,235; August 27, 2016 – 40,562; February 25, 2017 – 40,337) 601 601 601
Additional paid-in capital 247,642 245,335 242,039
Retained earnings 606,158 604,136 662,639
Treasury stock, shares held - (August 26, 2017 – 19,523; August 27, 2016 – 19,197; February 25, 2017 – 19,421) (400,777) (398,574) (390,085)
Total shareholders’ equity 453,624 451,498 515,194
Total liabilities and shareholders’ equity $ 714,039 $ 746,468 $ 825,321