Other intangible assets, net

66,368

77,751

Deferred tax assets

3,099

6,381

731

995

Other assets, net

2,050

2,633

Total Assets

172,046

197,989

Current liabilities:

Accounts payable

22,551

18,942

10,047

^[1]

15,189

^[2]

Deferred revenue and other

21,643

^[1]

33,926

1,936

1,806

Total current liabilities

56,177

69,863

Deferred rent

18,440

17,906

Deferred franchise revenue

1,625

1,208

Other liabilities

1,490

1,697

Commitments and contingencies

Stockholders' equity:

Preferred stock, par value $0.01, Shares authorized: 15,000,000; No shares issued or outstanding at February 2, 2019 and December 30, 2017

Common stock, par value $0.01, Shares authorized: 50,000,000; Issued and outstanding: 14,953,142 and 15,515,960 shares, respectively

150

155

Additional paid-in capital

69,088

68,962

Accumulated other comprehensive loss

(12,018)

(11,562)

Retained earnings

37,094

^[1]

49,760

Total stockholders' equity

94,314

107,315

Total Liabilities and Stockholders' Equity

$ 172,046

$ 197,989

[1]	The impact on the balances without adoption of Topic 606 includes the activity for the fifty-two weeks ended February 2, 2019, and the December 31, 2017 adjustment. The activity for the five weeks ended February 3, 2018 was not significant.
[2]	The impact on the balances due to the adoption of Topic 606 includes income tax payable.

Consolidated Balance Sheets (Parentheticals) - $ / shares	Feb. 02, 2019	Dec. 30, 2017
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	15,000,000	15,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	14,953,142	15,515,960
Common stock, shares outstanding (in shares)	14,953,142	15,515,960

Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Feb. 03, 2018	Feb. 02, 2019	Dec. 30, 2017
Revenues:
Revenue	$ 30,223	$ 336,585	$ 357,866
Costs and expenses:
Cost of merchandise sold	16,321	197,831	188,893
Store asset impairment		5,871	104
Consolidated gross profit	13,902	138,754	168,973
Selling, general and administrative expense	14,920	157,176	155,149
Interest expense, net	10	85	11
Total income (loss) before income taxes	(1,028)	(18,507)	13,813
Income tax expense (benefit)	(183)	(574)	5,897
Net income (loss)	(845)	(17,933)	7,916
Foreign currency translation adjustment	762	(1,218)	1,165
Comprehensive income (loss)	$ (83)	$ (19,151)	$ 9,081
Income (loss) per common share:
Basic (in dollars per share)	$ (0.06)	$ (1.23)	$ 0.50
Diluted (in dollars per share)	$ (0.06)	$ (1.23)	$ 0.50
Shares used in computing common per share amounts:
Basic (in shares)	14,860,511	14,591,270	15,572,045
Diluted (in shares)	14,860,511	14,591,270	15,757,060
Store Asset [Member]
Costs and expenses:
Store asset impairment		$ 5,195	$ 21
Retail [Member]
Revenues:
Revenue	29,586	326,304	349,408
Costs and expenses:
Cost of merchandise sold	16,062	186,834	185,460
Commercial Product and Service [Member]
Revenues:
Revenue	358	6,560	6,007
Costs and expenses:
Cost of merchandise sold	195	3,317	2,867
International Franchising [Member]
Revenues:
Revenue	279	3,721	2,451
Costs and expenses:
Cost of merchandise sold	$ 64	$ 2,485	$ 545

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance at Dec. 31, 2016	$ 159	$ 68,001	$ (12,727)	$ 43,679	$ 99,112
Share repurchase and retirement	(5)	(2,237)		(2,413)	(4,655)
Stock-based compensation		3,423			3,423
Shares issued under employee stock plans	1	(472)			(471)
Adoption of new accounting standards		247		578	825
Other comprehensive income			1,165		1,165
Net income (loss)				7,916	7,916
Balance at Dec. 30, 2017	155	68,962	(11,562)	49,760	107,315
Share repurchase and retirement	(5)	(2,333)		(2,259)	(4,597)
Stock-based compensation		214			214
Adoption of new accounting standards				9,253	9,253
Other comprehensive income			762		762
Net income (loss)				(845)	(845)
Balance at Feb. 03, 2018	150	66,843	(10,800)	55,909	112,102
Share repurchase and retirement	(2)	(1,058)		(868)	(1,928)
Stock-based compensation		3,439			3,439
Shares issued under employee stock plans	2	(136)		(14)	(148)
Other comprehensive income			(1,218)		(1,218)
Net income (loss)				(17,933)	(17,933)
Balance at Feb. 02, 2019	$ 150	$ 69,088	$ (12,018)	$ 37,094	$ 94,314

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Feb. 03, 2018	Feb. 02, 2019	Dec. 30, 2017
Cash flows provided by (used in) operating activities:
Net income (loss)	$ (845)	$ (17,933)	$ 7,916
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	1,507	16,042	16,165
Stock-based compensation	214	3,439	3,423
Store asset impairment		5,871	104
Deferred taxes	1,059	446	5,262
Provision for doubtful accounts	16	1,029	372
Loss on disposal of property and equipment	50	398	225
Change in assets and liabilities:
Inventories	(4,435)	(1,116)	(210)
Receivables	5,045	(3,452)	(584)
Prepaid expenses and other assets	220	98	(341)
Accounts payable and accrued expenses	(2,804)	914	(10,484)
Lease related liabilities	429	224	2,316
Gift cards and customer deposits	(2,467)	2,415	(3,376)
Deferred revenue	(841)	1,308	300
Net cash provided by (used in) operating activities	(2,852)	9,683	21,088
Cash flows used in investing activities:
Purchases of property and equipment	(1,270)	(11,253)	(17,763)
Purchases of other assets and other intangible assets			(310)
Proceeds from property insurance			310
Net cash used in investing activities	(1,270)	(11,253)	(17,763)
Cash flows used in financing activities:
Proceeds from the exercise of employee stock options, net of withholding tax payments		(131)	(467)
Borrowings under line of credit		7,250	4,000
Repayments under line of credit		(7,250)	(4,000)
Payments made under capital leases	(7)	(97)	(76)
Purchases of Company’s common stock	(4,720)	(2,228)	(4,232)
Net cash used in financing activities	(4,727)	(2,456)	(4,775)
Effect of exchange rates on cash	(97)	421	(588)
Net decrease in cash and cash equivalents	(8,946)	(3,605)	(2,038)
Cash and cash equivalents, beginning of period	30,445	21,499	32,483
Cash and cash equivalents, end of period	21,499	17,894	30,445
Supplemental disclosure of cash flow information:
Net cash paid (received) during the period for income taxes	$ (26)	$ 1,675	$ 1,072

Note 1 - Description of Business and Basis of Preparation

12 Months Ended

Feb. 02, 2019

Business Description and Basis of Presentation [Text Block]

(

)

Description of Business and Basis of Preparation

Build-A-Bear Workshop, Inc. and subsidiaries (collectively, the “Company”) is a specialty retailer of plush animals and related products. The Company began operations in

October 1997.

The Company sells its products through its

373

corporately-managed locations operated primarily in leased mall locations in the United States (“U.S.”), Canada, China, Denmark, Ireland, Puerto Rico and the United Kingdom (“U.K.”) along with its e-commerce sites. With the exception of China, operations in foreign countries where the Company does

not

have corporately-managed locations are through franchise agreements.

The Company’s consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the U.S. (“GAAP”). Certain amounts in prior fiscal periods have been reclassified to conform to current year presentation with

impact to the consolidated statement of operations (e.g. store preopening is included within selling, general and administrative and store impairment is disclosed separately from cost of merchandise sold —retail).

Note 2 - Summary of Significant Accounting Policies

12 Months Ended

Feb. 02, 2019

Significant Accounting Policies [Text Block]

(

)

Summary of Significant Accounting Policies

For each accounting topic that is addressed in its own note, the description of the accounting policy

may

be found in the related note. The Company’s other significant accounting policies

applied in the preparation of the accompanying consolidated financial statements are as follows:

Principles of Consolidation

The accompanying consolidated financial statements include the accounts of Build-A-Bear Workshop, Inc. and its wholly-owned subsidiaries. All significant intercompany accounts are eliminated in consolidation.

Fiscal Year

The Company operates on a

- or

-week fiscal year ending on the Saturday closest to

January

31.

The periods presented in these financial statements are fiscal

2018

(

weeks ended

February 2, 2019)

and fiscal

2017

(

weeks ended

December 30, 2017).

References to years in these financial statements relate to fiscal years or year ends rather than calendar years.

January 2018,

the Company’s Board of Directors approved a change in the Company’s fiscal year-end, which previously ended on the Saturday closest to

December 31,

to the Saturday closest to

January 31.

Accordingly, the Company is presenting audited financial statements for a

five

week transition period,

December 31, 2017

through

February 3, 2018.

See Note

— Transition Period Financial Information for additional information.

Cash and Cash Equivalents

Cash and cash equivalents include cash and short-term highly liquid investments with an original maturity of

three

months or less held in both domestic and foreign financial institutions.

The majority of the Company’s cash and cash equivalents exceed federal deposit insurance limits. The Company has

not

experienced any losses in such accounts and management believes that the Company is

not

exposed to any significant credit risk on cash and cash equivalents.

Inventories

Inventories are stated at the lower of cost or net realizable value, with cost determined on an average-cost basis. Inventory includes supplies of

$2.9

million and

$2.7

million as of

February 2, 2019

and

December 30, 2017,

respectively. A reserve for estimated shortage is accrued throughout the year based on detailed historical averages. The inventory reserve was

$0.9

million and

$1.0

million as of

February 2, 2019

and

December 30, 2017,

respectively.

Receivables

Receivables consist primarily of amounts due to the Company in relation to tenant allowances, wholesale and corporate product sales, franchisee royalties and product sales, certain amounts due from taxing authorities and licensing revenue. The Company assesses the collectability of all receivables on an ongoing basis by considering its historical credit loss experience, current economic conditions, and other relevant factors. Based on this analysis, the Company has established an allowance for doubtful accounts of

$5.4

million and

$3.1

million as of

February 2, 2019

and

December 30, 2017,

respectively.

Property and Equipment

Property and equipment consist of leasehold improvements, furniture and fixtures, computer equipment and software, building and land and are stated at cost. Leasehold improvements are depreciated using the straight-line method over the shorter of the useful life of the assets or the life of the lease which is generally

ten

years. Furniture and fixtures and computer equipment are depreciated using the straight-line method over the estimated service lives ranging from

three

seven

years. Computer software includes certain costs, including internal payroll costs incurred in connection with the development or acquisition of software for internal use and is amortized using the straight-line method over a period of

three

five

years. New store construction deposits are recorded at the time the deposit is made as construction-in-progress and reclassified to the appropriate property and equipment category at the time of completion of construction, when operations of the store commence. Maintenance and repairs are expensed as incurred and improvements are capitalized. Gains or losses on the disposition of fixed assets are recorded upon disposal.

Other Intangible Assets

Other intangible assets consist primarily of initial costs related to trademarks and other intellectual property. Trademarks and other intellectual property represent

third

-party costs that are capitalized and amortized over their estimated lives ranging from

one

three

years using the straight-line method.

Other Assets

Other assets consist primarily of the non-current portion of prepaid income taxes, deferred leasing fees and deferred costs related to franchise agreemen

ts.

Deferred leasing fees are initial, direct costs related to the Company’s operating leases and are amortized over the term of the related leases. Deferred franchise costs are initial costs related to the Company’s franchise agreements that are deferred and amortized over the life of the respective franchise agreement.

Long-lived Assets

Whenever facts and circumstances indicate that the carrying value of a long-lived asset

may

not

be recoverable, the carrying value is reviewed. If this review indicates that the carrying value of the asset will

not

be recovered, as determined based on projected undiscounted cash flows related to the asset over its remaining life, the carrying value of the asset is reduced to its estimated fair value. The Company performs an annual assessment of the store assets in the direct-to-consumer (“DTC”) segment, based on operating performance and forecasts of future performance. Total impairment charges were

$5.9

million and

$0.1

million in fiscal years

2018

and

2017,

respectively and recorded within cost of merchandise sold and selling, general and administrative (See Note

– Property and Equipment for further discussion regarding the impairment of long-lived assets).

The calculation of fair value requires multiple assumptions regarding our future operations to determine future cash flows, including but

not

limited to, sales volume, margin rates and discount rates. If different assumptions were used in the analysis, it is possible that the amount of the impairment charge

may

have been significantly different than what was recorded.

Deferred Rent

Certain of the Company’s operating leases contain predetermined fixed escalations of minimum rentals during the original lease terms. For these leases, the Company recognizes the related rental expense on a straight-line basis over the life of the lease and records the difference between the amounts charged to operations and amounts paid as deferred rent. The Company also receives certain lease incentives in conjunction with entering into operating leases. These lease incentives are recorded as deferred rent at the beginning of the lease term and recognized as a reduction of rent expense over the lease term. In addition, certain of the Company’s leases contain future contingent increases in rentals. Such increases in rental expense are recorded in the period that it is probable that store sales will meet or exceed the specified target that triggers contingent rental expense.

Revenue

See Note

— Revenue for additional accounting information.

Cost of Merchandise Sold

Cost of merchandise sold - retail includes the cost of the merchandise, including royalties paid to licensors of

third

-party branded merchandise; store occupancy cost, including store depreciation and store asset impairment charges (See Note

– Property and Equipment for further discussion regarding the impairment of long-lived assets); cost of warehousing and distribution; packaging; stuffing; damages and shortages; and shipping and handling costs incurred in shipment to customers. Cost of merchandise sold - commercial includes the cost of the merchandise, including royalties paid to licensors of

third

-party branded merchandise; cost of warehousing and distribution; packaging; stuffing; damages and shortages; and shipping and handling costs incurred in shipment to customers.

Selling, General, and Administrative Expenses

Selling, general, and administrative expenses include store payroll and related benefits, advertising, credit card fees, store supplies and store closing costs, as well as central office management payroll and related benefits, travel, information systems, accounting, insurance, legal, and public relations. It also includes depreciation and amortization of central office leasehold improvements, furniture, fixtures, and equipment, as well as amortization of trademarks and intellectual property.

In addition, bad debt expenses and accounts receivable related charges are recorded.

Further, it includes store preopening expenses which represent costs incurred prior to store openings, remodels and relocations including certain store set-up, labor and hiring costs, rental charges, payroll, marketing, travel and relocation costs. These costs are expensed as incurred and are included in selling, general and administrative expenses.

Advertising

The costs of advertising and marketing programs are charged to operations in the

first

period the program takes place. Advertising expense was

$16.5

million and

$19.0

million for fiscal years

2018

and

2017,

respectively.

Income Taxes

Income taxes are accounted for using a balance sheet approach known as the liability method. The liability method accounts for deferred income taxes by applying the rate, based on enacted tax law, that will be in effect in the period in which the temporary differences between the book basis and the tax basis of assets and liabilities reverse or are settled. Deferred taxes are reported on a jurisdictional basis.

Tax positions are reviewed at least quarterly and adjusted as new information becomes available. The recoverability of deferred tax assets is evaluated by assessing the adequacy of future expected taxable income from all sources, including reversal of taxable temporary differences, forecasted operating earnings and available tax planning strategies. These estimates of future taxable income inherently require significant judgment. To the extent it is considered more likely than

not

that a deferred tax asset will be

not

recovered, a valuation allowance is established.

The Company assesses its total liability for uncertain tax positions on a quarterly basis. The Company recognizes estimated interest and penalties related to unrecognized tax benefits in income tax expense. See Note

8—Income

Taxes for further discussion including the impact of the

December 22, 2017

enactment of The Tax Cuts and Job Act (“Act”).

ncome

Per Share

Under the

two

-class method, basic income per share is determined by dividing net income allocated to common stockholders by the weighted average number of common shares outstanding during the period. In periods of net loss,

effect is given to the Company’s participating securities as they do

not

contractually participate in the losses of the Company. Diluted income per share reflects the potential dilution that could occur if options to issue common stock were exercised. In periods in which the inclusion of such instruments is anti-dilutive, the effect of such securities is

not

given consideration.

Stock-Based Compensation

The Company has share-based compensation plans covering certain management groups and its Board of Directors. The Company accounts for share-based payments utilizing the fair value recognition provisions of ASC

718.

The Company recognizes compensation cost for equity awards over the requisite service period for the entire award and forfeitures as they occur. See Note

— Stock Incentive Plans for additional information. Selling, general and administrative expense included

$3.4

million for both fiscal years

2018

and

2017

and

$0.2

million for the

five

weeks ended

February 3, 2018,

of stock-based compensation expense.

Comprehensive

Income (

Los

)

Comprehensive income (loss) is comprised of net income (loss) and foreign currency translation adjustments.

eferred Compensation Plan

The Company maintains a Deferred Compensation Plan for the benefit of certain management employees. The investment funds offered to the participant generally correspond to the funds offered in the Company’s

401

(k) plan, and the account balance fluctuates with the investment returns on those funds. The fair value of the assets, classified as trading securities, and corresponding liabilities are based on unadjusted quoted market prices for the funds in active markets with sufficient volume and frequency (Level

). As of

February 2, 2019,

the current portions of the assets and related liabilities of less than

$0.1

million are presented in prepaid expenses and other current assets and accrued expenses in the accompanying consolidated balance sheets, and the non-current portions of the assets and the related liabilities of

$1.0

million are presented in other assets, net and other liabilities in the accompanying consolidated balance sheets. As of

December 30, 2017,

the current portions of the assets and related liabilities of

$0.1

$1.0

million are presented in other assets, net and other liabilities in the accompanying consolidated balance sheets.

Fair Value of Financial Instruments

For purposes of financial reporting, management has determined that the fair value of financial instruments, including cash and cash equivalents, receivables, short term investments, accounts payable and accrued expenses, approximates book value at

February 2, 2019

and

December 30, 2017.

Use of Estimates

The preparation of the consolidated financial statements requires management of the Company to make a number of estimates and assumptions relating to the reported amount of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The assumptions used by management in future estimates could change significantly due to changes in circumstances, including, but

not

limited to, challenging economic conditions. Accordingly, future estimates

may

change significantly. Significant items subject to such estimates and assumptions include the calculation of revenue from gift card breakage, valuation of long-lived assets, including deferred income tax assets, and the determination of deferred revenue under the Company’s customer loyalty program.

Sales Tax Policy

The Company’s revenues in the consolidated statement of operations are net of sales taxes.

Foreign Currency

Assets and liabilities of the Company’s foreign operations with functional currencies other than the U.S. dollar are translated at the exchange rate in effect at the balance sheet date, while revenues and expenses are translated at average rates prevailing during the year. Translation adjustments are reported in accumulated other comprehensive income, a separate component of stockholders’ equity. Gains and losses resulting from foreign exchange transactions, including the impact of the re-measurement of the Company’s balance sheet, are recorded as a component of selling, general and administrative expenses. The Company recorded a loss of

$1.0

million in fiscal

2018,

income of

$1.6

million and

$0.4

million in fiscal

2017

and for the

five

weeks ended

February 3, 2018,

respectively.

ecent Accounting Pronouncements

– Adopted in the current year

August

2018,

the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update (“ASU”)

2018

15,

Intangibles-Goodwill and Other-Internal-Use Software (Subtopic

350

). This standard amends the existing guidance to align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). The Company adopted this standard, in the

third

quarter of

2018,

and it did

not

have a material impact on the consolidated financial statements.

March 2018,

the FASB issued ASU

2018

05,

Income Taxes (Topic

740

)—Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin

No.

118,

that codified SEC Staff Accounting Bulletin (“SAB”)

No.

118,

as it relates to allowing for recognition of provisional amounts related to the Act in the event that the accounting is

not

complete and a reasonable estimate can be made. Where necessary information is

not

available, prepared, or analyzed to determine a reasonable estimate,

provisional amount should be recorded. The guidance allows for a measurement period of up to

one

year from the enactment date to finalize the accounting related to the Act. The Company has applied the guidance in this update to its financial statements for fiscal years

2017

and

2018

and recorded adjustments related to the Act within the

one

year measurement period. See Note

— Income Taxes for additional information.

Effective

December 31, 2017,

the Company adopted the new revenue recognition guidance (Topic

606

) and all the related amendments using the modified retrospective method for contracts that were

not

completed as of

December 31, 2017.

Topic

606

requires an entity to recognize revenue for the transfer of goods or services equal to the amount that it expects to be entitled to receive for those goods or services. The standard also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments. Nearly all of the Company’s revenue is derived from retail sales (including e-commerce sites) and is recognized when control of the merchandise is transferred to the customer.

The Company’s most significant Topic

606

impact relates to accounting for gift card breakage. The Company's adjustment for gift card breakage reflects the impact of the change to recognize gift card breakage proportionately as gift card balances are used rather than when it is deemed remote that the unused gift card balance would be redeemed, as done for certain categories of gift cards under the previous standards. In addition, the Company has identified minor changes to the timing of revenues for certain outbound licensing arrangements and international franchise agreements.

As a result of this change, the Company expects a negative impact to revenue and pre-tax income with the remaining balance of the cumulative effect adjustment predominantly impacting fiscal years

2019

and

2020.

The comparative historical financial information has

not

been restated and continues to be reported under the accounting standards in effect for those periods. As a result of applying the modified retrospective method to transition to Topic

606,

the following adjustments were made to the consolidated balance sheet as of

December 31, 2017 (

dollars in thousands):

Balance Sheet	Balance as of December 30, 2017		Adjustments due to Topic 606			Balance as of December 31, 2017

Assets
Prepaid expenses and other current assets	$	13,346	$	(13	)	$	13,333
Deferred tax assets		6,381		(2,880	)		3,501

Adjustment: assets			$	(2,893	)

Liabilities
Accrued expenses (1)		15,189		151			15,340
Gift cards and customer deposits		33,926		(12,297	)		21,629

Stockholders’ equity
Retained Earnings		49,760		9,253			59,013

Adjustment: liabilities and stockholders' equity			$	(2,893	)

(

)

- The impact on the balances due to the adoption of Topic

606

includes income tax payable.

The following tables reflect the impact of adoption of Topic

606

for select accounts on the Company’s consolidated statement of income for the

fifty-two

weeks ended

February 2,

2019

and its consolidated balance sheet as of

February 2, 2019

and the amounts as if the previous standards were in effect (“Without Adoption of Topic

606”

) (dollars in thousands):

	For the fifty-two weeks ended February 2, 2019
Income Statement	As Reported			Without adoption of Topic 606			Effect of Change

Income Statement
Net retail sales	$	326,304		$	329,081		$	(2,777	)
Commercial revenue		6,560			6,560			-
International franchising		3,721			3,721			-

Total revenues		336,585			339,362			(2,777	)

Total costs and expenses		-			-			-
Income tax expense (benefit)		(574	)		(485	)		89
Net loss		(17,933	)	$	(15,245	)	$	(2,688	)

	February 2, 2019
Balance Sheet	As Reported		Without adoption of Topic 606		Effect of Change
Liabilities
Accrued expenses (1)	$	10,047	$	9,985	$	(62	)
Gift cards and customer deposits (1)		21,643		31,163		9,520

Stockholders’ equity
Retained earnings (1)		37,094		30,529		(6,565	)
Net effect of Change in Liabilities and Stockholders' equity					$	2,893

(

)

The impact on the balances without adoption of Topic

606

includes the activity for the

fifty-two

weeks ended

February 2, 2019,

and the

December 31, 2017

adjustment. The activity for the

five

weeks ended

February 3, 2018

was

not

significant.

The impact of adoption of Topic

606

on the Company's consolidated statement of cash flows from operating activities for the

fifty-two

weeks ended

February 2, 2019

was

not

significant.

Recent Accounting Pronouncements – Pending adoption

February 2016,

the FASB issued new guidance on leases (“Topic

842”

), which will replace most existing lease accounting guidance in U.S. GAAP. The core principle of Topic

842

is that an entity should recognize the rights and obligations resulting from leases as assets and liabilities for all leases with terms greater than

months. The lease liability will be measured at the present value of the lease payments over the lease term. The right-of-use asset (“ROU”) will be measured at the lease liability amount, adjusted for lease prepayments, lease incentives received and the lessee’s initial direct costs (e.g., commissions). Presentation of leases within the consolidated statements of operations, except for additional impairment of ROU assets, which could be material given the size of ROU assets, and consolidated statements of cash flows will be generally consistent with the current lease accounting guidance. Topic

842

requires qualitative and specific quantitative disclosures to supplement the amounts recorded in the financial statements so that users can understand more about the nature of an entity’s leasing activities, including significant judgments and changes in judgments. In fiscal

2017,

the Company established a cross-functional team to use a detailed approach to assess the impact of the new standard. The assessment included reviewing all forms of leases, performing a completeness assessment over the lease population, considering the policy elections offered by the standard and evaluating its business processes and internal controls to meet Topic

842’s

accounting, reporting and disclosure requirements. The Company has made enhancements to its financial information systems and internal controls in response to the new rule requirements including the implementation of a lease tracking software for managing and reporting information related to its retail leases.

Topic

842

will be effective for the Company beginning in fiscal

2019

and requires the use of a modified retrospective transition approach, which includes a number of optional practical expedients that entities

may

elect to apply. The Company has elected certain practical expedients, including the package of practical expedients to

not

reassess prior conclusions related to contracts containing leases, lease classification and initial direct costs as well as an accounting policy to account for lease and non-lease components as a single component for certain classes of assets. The Company also elected the optional transition method that gives companies the option to use the effective date as the date of initial application on transition, and as a result, the Company will

not

adjust its comparative period financial information or make the new required lease disclosures for periods before the effective date. The Company has elected to make the accounting policy election for short-term leases. Consequently, short-term leases will be recorded as an expense on a straight-line basis over the lease term. The Company did

not

elect the hindsight practical expedient.

Upon adoption of Topic

842

February 3, 2019

or the

first

day of fiscal year

2019,

management expects a significant impact, exclusive of any impairment considerations, on its consolidated balance sheet as the Company will record material assets and obligations primarily related to approximately

350

retail and corporate office locations. The Company is finalizing the impact of Topic

842

on its consolidated financial statements and expects the adoption to result in the recording of operating lease liabilities of approximately

$200

million as of the effective date, excluding non-lease components which the Company is still accumulating and evaluating. The Company expects that the right of use asset will be lower than the lease liability upon adoption of Topic

842

due to certain impairments of the right of use assets at the effective date. The Company is still evaluating the possible effects of impairment of certain ROU assets as of the effective date and the associated cumulative-effect adjustment to the opening balance of retained earnings. The Company does

not

expect that the adoption of ASC

842

will result in a material impact to its consolidated statements of cash flows and they are currently assessing the impact to its consolidated statements of operations. See Note

– Commitments and Contingencies for further detail of the Company’s future minimum lease payments.

Note 3 - Revenue

12 Months Ended

Feb. 02, 2019

Revenue from Contract with Customer [Text Block]

(

)

Revenue

Nearly all of the Company’s revenue is derived from retail sales (including e-commerce sites) and is recognized when control of the merchandise is transferred to the customer. The Company accounts for revenue in accordance with Topic

606

which was adopted

December 31, 2017 (

See the consolidated statements of stockholders’ equity and Note

2—

Summary of Significant Accounting Policies for additional information). The Company's disaggregated revenue is fully disclosed as net sales to external customers by reporting segment and by geographic area (See Note

— Segment Information for additional information). The Company's direct-to-consumer reporting segment represents nearly

97%

of consolidated revenue. The majority of these sales transactions are single performance obligations that are recorded when control is transferred to the customer.

The following is a description of principal activities from which the Company generates its revenue, by reportable segment.

The Company’s direct-to-consumer segment includes the operating activities of corporately-managed stores, other retail-delivered operations and online sales. Direct-to-consumer revenue is recognized when control of the merchandise is transferred to the customer and for the Company’s online sales, control generally transfers upon delivery to the customer. Revenue is measured as the amount of consideration, including any discounts or incentives, the Company expects to receive in exchange for transferring the merchandise. Product returns have historically averaged less than

one

tenth

one

percent due to the interactive nature of sales, where consumers customize their own stuffed animal. The Company has elected to exclude from revenue all collected sales, value add and other taxes paid by its customers.

For the Company’s gift cards, revenue is deferred for single transactions until redemption including any related gift card discounts. Historically, most gift card redemptions have occurred within

three

years of acquisition and approximately

75%

of gift cards have been redeemed within the

first

twelve

months. In addition, unredeemed gift cards or breakage revenue is recorded in proportion to the customer’s redemption pattern using an estimated breakage rate based on historical experience. For certain qualifying transactions, a portion of revenue transactions are deferred for the obligation related to the Company’s loyalty program or when a material right in the form of a future discount is granted. In these transactions, the transaction price is allocated to the separate performance obligations based on the relative standalone selling price. The standalone selling price for the points earned for the Company’s loyalty program is estimated using the net retail value of the merchandise purchased, adjusted for estimated breakage based on historical redemption patterns. The revenue associated with the initial merchandise purchased is recognized immediately and the value assigned to the points is deferred until the points are redeemed, forfeited or expired. In regards to the consolidated balance sheet, contract liabilities for gift cards are classified as gift cards and customer deposits.

The Company’s commercial segment includes transactions with other businesses and are mainly comprised of licensing the Company’s intellectual properties for

third

-party use and wholesale sales of merchandise, supplies and fixtures. Revenue for wholesale sales is recognized when control of the merchandise or fixtures is transferred to the customer, which generally occurs upon delivery to the customer. The license agreements provide the customer with highly interrelated rights that are

not

distinct in the context of the contract and therefore, have been accounted for as a single performance obligation and recognized as licensee sales occur. If the contract includes a guaranteed minimum, the minimum guarantee is recognized on a straight-line basis over the guarantee term until such time as royalties earned through licensee sales exceed the minimum guarantee. The Company classifies these guaranteed minimum contract liabilities as deferred revenue and other on the consolidated balance sheet.

The Company’s international franchising segment includes the activities with franchisees who operate store locations in certain countries and includes development fees, sales-based royalties, merchandise, supplies and fixture sales. The Company’s obligations under the franchise agreement are ongoing and include operations and product development support and training, generally concentrated around new store openings. These obligations are highly interrelated rights that are

not

distinct in the context of the contract and, therefore, have been accounted for as a single performance obligation and recognized as franchisee sales occur. If the contract includes an initial,

one

-time nonrefundable development fee, this fee is recognized on a straight-line basis over the term of the franchise agreement, which

may

extend for periods up to

years. The Company classifies these initial,

one

-time nonrefundable franchise fee contract liabilities as deferred revenue and other on the consolidated balance sheet. Revenue from merchandise and fixture sales is recognized when control is transferred to the franchisee which generally occurs upon delivery to the customer.

The Company also incurs expenses directly related to the startup of new franchises, including finder’s fees, legal and travel costs as well as expenses related to its ongoing support of the franchisees, predominantly travel and employee compensation. Accordingly, the Company’s policy is to capitalize the finder’s fee, an incremental cost, and expense all other costs as incurred. Additionally, the Company amortizes these capitalized costs into expense in the same pattern as the development fee's recording of revenue as described previously.

Note 5 - Property and Equipment, Net

12 Months Ended

Feb. 02, 2019

Property, Plant and Equipment Disclosure [Text Block]

(

)

Property and Equipment

, net

Property and equipment, net consist of the following (in thousands):

		February 2,		December 30,
	2019		2017
Land	$	2,261	$	2,261
Furniture and fixtures		43,127		44,191
Computer hardware		25,659		27,122
Building		14,970		14,970
Leasehold improvements		104,858		111,717
Computer software		46,506		42,911
Construction in progress		3,583		7,774
		240,964		250,946
Less accumulated depreciation		174,596		173,195
Total, net	$	66,368	$	77,751

For fiscal

2018,

2017

and the

five

weeks ended

February 3, 2018,

depreciation expense was

$15.3

million,

$15.1

million and

$1.4

million,

respectively.

During

2018,

the Company reviewed the operating performance and forecasts of future performance for the stores in its DTC segment. As a result of that review, it was determined that certain stores would

not

be able to recover the carrying value of certain store assets through expected undiscounted cash flows over the remaining life of the related assets. Accordingly, the carrying value of the assets was reduced to fair value, calculated as the net present value of estimated future cash flows for each asset group, and any remaining net book value will be depreciated over the remaining life of the asset. Store asset impairment charges of

$5.2

million were recorded in fiscal

2018,

which were recorded as a separate line in the statement of operations. Similar impairment charges were

not

significant for fiscal

2017

and the

five

weeks ended

February 3, 2018.

The inputs used to determine the fair value of the assets are Level

fair value inputs. In the event that we decide to close any or all of these stores in the future, we

may

be required to record additional impairment, lease termination fees, severance charges and other costs. In addition, the Company considers a more likely than

not

assessment that an individual location will close or be remodeled prior to the end of its original lease term as a triggering event to review the store asset group for recoverability. As a result of these reviews, it was determined that certain stores would

not

be able to recover the carrying value of store assets through expected undiscounted cash flows over the shortened remaining life of the related assets. Asset impairment charges of

$0.7

million and

$0.1

million were recorded in

2018

and

2017,

respectively, which were included in selling, general and administrative expenses.

impairment charges were recorded for the

five

weeks ended

February 3, 2018.

Accordingly, the carrying value of the assets were reduced to fair value, calculated as the net present value of estimated future cash flows for each asset group, and any remaining net book value will be depreciated over the remaining life of the asset.

Note 8 - Income Taxes

12 Months Ended

Feb. 02, 2019

Income Tax Disclosure [Text Block]

(

)

Income Taxes

The Company’s income (loss) before income taxes from domestic and foreign operations (which include the U.K., Canada, China, Denmark and Ireland), is as follows (in thousands):

	Fiscal year ended					Five weeks ended
	February 2,			December 30,		February 3,
	2019			2017		2018
Domestic	$	(4,175	)	$	13,081	$	(1,275	)
Foreign		(14,332	)		732		247
Total income (loss) before income taxes	$	(18,507	)	$	13,813	$	(1,028	)

The components of the income tax expense (benefit) are as follows (in thousands):

	Fiscal year ended						Five weeks ended
	February 2,			December 30,			February 3,
	2019			2017			2018

Current:
U.S. Federal	$	(508	)	$	683		$	(125	)
U.S. State		(263	)		609			21
Foreign		(448	)		(313	)		78
Deferred:
U.S. Federal		(836	)		3,815			(181	)
U.S. State		239			(113	)		10
Foreign		1,242			1,216			14
Income tax expense (benefit)	$	(574	)	$	5,897		$	(183	)

The provision for income taxes was a benefit of

$0.6

million in fiscal

2018

compared to income tax expense of

$5.9

million in fiscal

2017.

The

2018

effective rate of

3.1%

differed from the statutory rate of

21%

primarily due to the valuation allowance recorded in certain foreign jurisdictions. The

2017

effective rate of

42.7%

differed from the statutory rate of

34%

primarily due to the effect of the provisional tax charge of

$1.4

million for the re-measurement of U.S. net deferred tax assets as a result of the enactment of the Act reducing the U.S. federal statutory rate to

21%

effective

January 1, 2018.

For the

five

weeks ended

February 3, 2018,

the income tax provision was a benefit of

$0.2

million with an effective rate of

17.8%

compared to the statutory rate of

21%.

As the Company has incurred a cumulative book loss in the U.K. over the

three

-year period ended

February 2, 2019,

management evaluated the realizability of the Company’s U.K. deferred tax assets, including an analysis of all available positive and negative evidence. The

three

-year cumulative loss is a significant piece of negative evidence. ASC

740

requires objective historical evidence be given more weight than subjective evidence, such as forecasts of future income. Accordingly, in the

fourth

quarter of fiscal

2018,

the Company recorded a

$3.7

million valuation allowance on its U.K. deferred tax assets. In fiscal

2018,

the Company recorded an additional allowance of

$0.5

million in certain other foreign jurisdictions. In fiscal

2017,

the Company recorded an additional allowance of

$0.3

million on its deferred tax assets in certain foreign jurisdictions due to cumulative losses and uncertainty about future earnings forecast.

Temporary differences that gave rise to deferred tax assets and liabilities are as follows (in thousands):

	February 2,			December 30,
	2019			2017

Deferred tax assets:
Net operating loss carryforwards	$	4,371		$	764
Deferred revenue		2,661			3,120
Deferred compensation		1,729			1,414
Accrued rents		1,203			1,625
Intangible assets		1,201			1,466
Inventories		987			1,179
Carryforward of tax credits		861			25
Receivable write-offs		477			40
Accrued compensation		88			533
Other		1,056			1,188
Total gross deferred tax assets		14,634			11,354
Less: Valuation allowance		5,079			1,301
Total deferred tax assets, net of valuation allowance		9,555			10,053

Deferred tax liabilities:
Deferred revenue		(4,088	)		-
Depreciation		(1,113	)		(1,704	)
Deferred expense		(763	)		(1,907	)
Other		(492	)		(61	)
Total deferred tax liabilities		(6,456	)		(3,672	)
Net deferred tax assets	$	3,099		$	6,381

As of

February 2, 2019,

the Company had gross net operating loss (NOL) carryforwards of approximately

$21.0

million, most of which relate to the U.K. and U.S. federal jurisdictions where NOLs have

expiration date. As of

February 2, 2019,

the Company had tax credit carryforwards of

$0.9

million primarily related to U.S. federal credits which expire in

2038.

The NOL and credit carryforward amounts were

not

material as of

December 30, 2017.

The Company continues to assert its investments in foreign subsidiaries are permanent in duration and it is

not

practical to estimate the income tax liability on the outside basis differences.

December 22, 2017,

the Act was enacted, which significantly changes U.S. tax law by, among other things, lowering corporate income tax rates, implementing a territorial tax system and imposing a repatriation tax on deemed repatriated earnings of foreign subsidiaries. The Act permanently reduces the U.S. federal statutory rate to

21%,

effective

January

2018.

The Act also provided for a

one

-time deemed repatriation of post-

1986

undistributed foreign subsidiary E&P through the year ended

December 30, 2017.

Under SAB

118,

the Company recorded a provisional tax charge of

$1.4

million for the re-measurement of its U.S. net deferred tax assets and estimated

cost for this

one

-time deemed repatriation in fiscal

2017.

The Company has completed its analysis based on legislative updates relating to the Act currently available, which resulted in a tax benefit of

$0.2

million for fiscal

2018.

A favorable adjustment of

$0.1

million was recorded for the revaluation of deferred tax assets and liabilities. In addition, a favorable adjustment of

$0.1

million was recorded for the impact of the

one

-time deemed repatriation of undistributed foreign subsidiary E&P.

As of

February 2, 2019,

the Company had total unrecognized tax benefits of

$0.4

million, of which approximately

$0.2

million would favorably impact the Company’s provision for income taxes if recognized. As of

December 30, 2017,

the Company had total unrecognized tax benefits of

$0.7

million, of which approximately

$0.3

million would favorably impact the Company’s provision for income taxes if recognized. The Company reviews its uncertain tax positions periodically and accrues interest and penalties accordingly. Accrued interest and penalties included within other liabilities in the consolidated balance sheets were less than

$0.1

million for both years ended as of

February 2, 2019

and

December 30, 2017.

The Company recognizes accrued interest and penalties related to unrecognized tax benefits as a component of the provision for income taxes within the consolidated statement of operations. For the years ended

February 2, 2019

and

December 30, 2017,

the Company recognized an expense of less than

$0.1

million for interest and penalties for each year. For the

five

weeks ended

February 3, 2018,

the Company recognized an expense of less than

$0.1

million for interest and penalties.

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):

Balance as of December 31, 2016	$	961
Increases for prior year tax positions		57
Decreases for prior year tax positions		(359	)
Balance as of December 30, 2017 (1)		659
Increases for prior year tax positions		288
Decreases for prior year tax positions		(333	)
Settlements		(183	)
Lapse of statute of limitations		(13	)
Balance as of February 2, 2019	$	418

(

)

For the

five

week transition period ending

February 3, 2018,

there was

activity.

Management estimates it is reasonably possible that the amount of unrecognized tax benefits could decrease by as much as

$0.4

million in the next

twelve

months as a result of the resolution of audits currently in progress involving issues common to multinational corporations and the lapsing of the statute of limitations.

The following tax years remain open in the Company’s major taxing jurisdictions as of

February 2, 2019:

United States (Federal)	2016 through 2018
United Kingdom	2016 through 2018

Note 9 - Line of Credit

12 Months Ended

Feb. 02, 2019

Long-term Debt [Text Block]

(

)

Line of Credit

As of

February 2, 2019,

the Company had a bank line of credit that provides borrowing capacity of

$35

million. Borrowings under the credit agreement are secured by its assets and a pledge of

66%

of the Company’s ownership interest in certain of its foreign subsidiaries.

December 14, 2018,

the Company entered into an

eighteenth

amendment which amends the Company’s Fourth Amended and Restated Loan Agreement (the “Credit Agreement”) and the Fourth Amended and Restated Revolving Credit Note (the “Revolving Credit Note”) with its lender. The

eighteenth

amendment decreased the interest rate from LIBOR plus

1.80%

to LIBOR plus

1.25%;

extended the expiration date of the facility from

December 31, 2018

December 31, 2020;

decreased the commitment fee from

0.125%

per annum to

0.075%

per annum; and amended the redemptions covenant to permit the Company to acquire outstanding shares of stock so long as during the

365

-consecutive day period prior to each such redemption there is

outstanding principal balance under the revolving credit loan for at least

consecutive days.

April 16, 2019,

the Company entered into the

nineteenth

amendment which amends the Credit Agreement and the Revolving Credit Note with its lender. The

nineteenth

amendment established a minimum cumulative EBITDA covenant for each of the

first

three

quarters of fiscal

2019;

revised the methodology for calculating the funded debt ratio to increase the EBITDA amount that will be included in the denominator for the

four

quarter periods ending the

fourth

quarter of fiscal

2018

and each of the

first

three

quarters of fiscal

2019,

while leaving unchanged the minimum required ratio; suspended, effective immediately prior to the end of the

fourth

quarter of fiscal

2018,

the fixed charge coverage ratio until the

fourth

quarter of fiscal

2019;

amended (i) the dividends covenant to permit the Company to declare or pay dividends or other distributions, and (ii) the redemptions covenant to permit the Company to acquire outstanding shares of its capital stock, only if each of the following conditions are met: (a) the outstanding principal balance of the Revolving Credit Note is

prior to and after giving effect to such payment; (b) Company’s cash balance is

not

less tha

$10.0

million prior t

o and after giving effect to such payment; (c) the aggregate amount of such payments during a fiscal year do

not

exc

eed

$1.0

million with

out the lender’s consent; and (d)

event of default or default exists or will exist as a result of any such payment; and established a minimum liquidity covenant for the

first

three

quarters of fiscal

2019.

The Credit Agreement contains various restrictions on indebtedness, liens, guarantees, redemptions, mergers, acquisitions or sale of assets, loans, transactions with affiliates, and investments.

As of the end of fiscal

2018

under the Credit Agreement as currently amended: (i) the Company was in compliance with all covenants; (ii) there were

borrowings under the line of credit; and (iii) there was

$35.0

million available for borrowing under the line of credit.

Note 10 - Commitments and Contingencies

12 Months Ended

Feb. 02, 2019

Commitments and Contingencies Disclosure [Text Block]

(

)

Commitments and Contingencies

(a)

Operating Leases

The Company leases its retail stores and corporate offices under agreements which expire at various dates through

2030.

The majority of leases contain provisions for base rent plus contingent payments based on defined sales as well as scheduled escalations. Total office and retail store base rent expense was

$45.9

million,

$45.0

million and

$3.7

million in fiscal

2018,

2017

and the

five

weeks ended

February 3, 2018,

respectively. Contingent rent expense was

$1.5

million,

$1.2

million and less than

$0.1

million in fiscal

2018,

2017

and the

five

weeks ended

February 3, 2018,

respectively.

Future minimum lease payments at

February 2, 2019,

were as follows (in thousands):

2019	$	41,800
2020		35,192
2021		31,940
2022		29,265
2023		24,961
Subsequent to 2023		49,782
Total	$	212,940

(b)

Litigation

In the normal course of business, the Company is subject to certain claims or lawsuits. Except as noted below, management is

not

aware of any claims or lawsuits that

may

have a material adverse effect on the consolidated financial position or results of operations of the Company.

In the normal course of business, the Company is subject to regular examination by various taxing authorities for years

not

closed by the statute of limitations. If

one

or more of these examinations has an unfavorable resolution, it is possible that the results of operations, liquidity or financial position of the Company could be materially affected in any particular period. The Company accrues a liability for loss contingencies when it believes that it is both probable that a liability has been incurred and that it can reasonably estimate the amount of the loss. Gain contingencies are recorded when the underlying uncertainty has been settled. Assessments made by the U.K. customs authority in

2012

have been appealed by the Company, which has paid the disputed duty, strictly under protest, pending the outcome of the continuing dispute, and this is included in receivables in the DTC segment. The U.K. customs authority is contesting the Company's appeal. The Company maintains a provision against the related receivable, based on a current evaluation of the collectability, using the latest facts available in the dispute. As of

February 2, 2019,

the Company had a gross receivable balance of

$3.9

million and a reserve of

$3.1

million, leaving a net receivable of

$0.8

million. However, the Company continues to vigorously dispute the customs audit findings and believes that the outcome of this dispute will

not

have a material adverse impact on the results of operations, liquidity or financial position of the Company.

Note 11 - Net Income (Loss) Per Share

12 Months Ended

Feb. 02, 2019

Earnings Per Share [Text Block]

(

)

Net Income (Loss)

Per Share

The Company uses the

two

-class method to compute basic and diluted earnings per common share. In periods of net loss,

effect is given to the Company’s participating securities as they do

not

contractually participate in the losses of the Company. The following table sets forth the computation of basic and diluted income (loss) per share (in thousands, except share and per share data):

	Fiscal year ended					Five weeks ended
	February 2,			December 30,		February 3,
	2019			2017		2018
NUMERATOR:
Net income (loss) before allocation of earnings to participating securities	$	(17,933	)	$	7,916	$	(845	)
Less: Earnings allocated to participating securities		-			96		-
Net income (loss)	$	(17,933	)	$	7,820	$	(845	)

DENOMINATOR:
Weighted average number of common shares outstanding - basic		14,591,270			15,572,045		14,860,511
Dilutive effect of share-based awards:		-			185,015		-
Weighted average number of common shares outstanding - dilutive		14,591,270			15,757,060		14,860,511
Basic income (loss) per common share attributable to Build-A-Bear Workshop, Inc. stockholders	$	(1.23	)	$	0.50	$	(0.06	)
Diluted income (loss) per common share attributable to Build-A-Bear Workshop, Inc. stockholders	$	(1.23	)	$	0.50	$	(0.06	)

In calculating diluted earnings per share for fiscal

2018

and

2017

and the

five

week transition period ending

February 3, 2018,

options to purchase

572,239;

325,427;

and

380,496;

respectively, shares of common stock were outstanding at the end of the period, but were

not

included in the computation of diluted income per share due to their anti-dilutive effect under provisions of ASC

260

10.

Note 12 - Stock Incentive Plans

12 Months Ended

Feb. 02, 2019

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

(

)

Stock Incentive Plans

2004,

the Company adopted the Build-A-Bear Workshop, Inc.

2004

Stock Incentive Plan which the Company amended and restated in

2009

and

2014

(collectively, the Incentive Plans).

March 14, 2017,

the Company’s Board of Directors (the “Board”) adopted, subject to stockholder approval, the Build-A-Bear Workshop, Inc.

2017

Omnibus Incentive Plan (the

“2017

Plan”). On

May 11, 2017,

at the Company’s

2017

Annual Meeting of Stockholders, the Company’s stockholders approved the

2017

Plan. The

2017

Plan, which is administered by the Compensation and Development Committee of the Board, permits the grant of stock options (including both incentive and non-qualified stock options), stock appreciation rights, restricted stock, cash and other stock-based awards, some of which

may

be performance-based pursuant to the terms of the

2017

Plan. The Board

may

amend, modify or terminate the

2017

Plan at any time, except as otherwise provided in the

2017

Plan. The

2017

Plan will terminate on

March 14, 2027,

unless earlier terminated by the Board. The number of shares of the Company’s common stock authorized for issuance under the

2017

Plan is

1,000,000,

plus shares of stock subject to outstanding awards made under the Incentive Plans that on or after

March 21, 2017

may

be forfeited, expire or be settled for cash.

(a)

Stock Options

The following table is a summary of the balance and activity for the Plans related to stock options for the periods presented:

	Options
	Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term		Aggregate Intrinsic Value (in thousands)
Outstanding, December 31, 2016		757,784		$	9.91
Granted		72,051			8.85
Exercised		(1,269	)		6.36
Forfeited		(26,795	)		13.45
Canceled or expired		(10,204	)		12.51
Outstanding, December 30, 2017		791,567			9.67
Granted (1)		213,687			8.60
Exercised (1)		(53,040	)		5.20
Forfeited		(1,536	)		11.19
Outstanding, February 2, 2019		950,678		$	9.67		4.8	$	-

Options Exercisable as of:
February 2, 2019		625,663		$	9.69		4.6	$	-

(

)

options were granted or exercised for the

five

weeks ended

February 3, 2018.

The expense recorded related to options granted during fiscal

2018

and

2017

was determined using the Black-Scholes option pricing model and the provisions of SAB

107

and

110,

which allow the use of a simplified method to estimate the expected term of “plain vanilla” options. The assumptions used in the option pricing model during fiscal

2018

and

2017

were:

	2018			2017

Dividend yield		0	%		0	%
Historical volatility		50	%		47	%
Risk-free rate		2	%		2	%
Expected life		3.5			6.0
Weighted average grant date fair value	$	3.31		$	4.18

The total grant date fair value of options exercised in fiscal

2018

and

2017

was approximately

$0.2

million and less than

$0.1

million, respectively. The total intrinsic value of options exercised in fiscal

2018

and

2017

was approximately

$0.2

million and less than

$0.1

million, respectively. The Company generally issues new shares to satisfy option exercises.

Future shares available for option, non-vested stock and restricted stock grants were

529,098

and

984,758

at the end of

2018

and

2017,

respectively.

(b)

Restricted Stock

The Company granted restricted stock awards that vest over a

one

three

-year period. Recipients of time-based restricted stock awards have the right to vote and receive dividends as to all unvested shares. Recipients of performance-based restricted stock awards have the right to vote and receive dividends upon satisfaction of the performance criteria and certain of these awards’ dividend rights are also subject to time-based vesting. The following table is a summary of the balance and activity for the Plans related to unvested time-based and performance-based restricted stock granted as compensation to employees and directors for the periods presented:

	Time-Based Restricted Stock					Performance-Based Restricted Stock
	Shares			Weighted Average Grant Date Fair Value		Shares			Weighted Average Grant Date Fair Value
Outstanding, December 31, 2016		316,116		$	13.30		241,141		$	15.39
Granted		258,060			9.18		83,897			8.85
Vested		(179,132	)		12.20		(6,472	)		20.54
Forfeited		(33,505	)		12.55		(15,247	)		14.28
Canceled or expired		—			—		(13,704	)		13.68
Outstanding, December 30, 2017		361,539		$	10.97		289,615		$	13.66
Granted (1)		208,913			8.68		83,256			8.60
Vested (1)		(178,329	)		11.82		(6,323	)		20.58
Forfeited (1)		(12,345	)		10.99		—			-
Canceled or expired		—			—		(199,395	)		15.47
Outstanding, February 2, 2019		379,778		$	9.31		167,153		$	8.73

(

)

Restricted stock for the

five

weeks ended

February 3, 2018

included the following activity: granted

3,479

shares with a weighted average grant date fair value of

$9.25,

vested

129

shares with a weighted average grant date fair value of

$11.65

and forfeited

7,477

shares with a weighted average grant date fair value of

$10.70.

performance shares activity occurred for the

five

weeks ended

February 3, 2018.

2018,

the Company awarded

three

-year performance-based restricted stock subject to the achievement of pre-established consolidated pre-tax income growth objectives for fiscal

2018,

2019

and

2020.

The target number of shares awarded was

62,500

with a weighted average grant date fair value of

$8.60

per share. In addition, the Company awarded

three

-year performance-based restricted stock subject to the achievement of pre-established consolidated revenue growth objectives for fiscal

2018,

2019

and

2020.

The target number of shares awarded was

20,756

with a weighted average grant date fair value of

$8.60

per share. Both of these performance-based restricted stock awards had a payout opportunity ranging from

25%

200%

of the target number of shares. Based on the Company’s financial results for fiscal

2018,

the Company is currently unable to estimate the total number of these shares expected to be earned.

2017,

the Company awarded

three

-year performance-based restricted stock subject to the achievement of pre-established pre-tax income growth objectives for fiscal

2017,

2018

and

2019.

The target number of shares awarded was

83,897

with a weighted average grant date fair value of

$8.85

per share. These shares of performance-based restricted stock had a payout opportunity ranging from

25%

200%

of the target number of shares. Based on the Company’s pre-tax income results for fiscal

2017

and

2018,

the Company currently estimates the minimum number of shares that will be earned is approximately

12,580,

assuming

forfeitures. The Company is currently unable to estimate the total number of these shares expected to be earned.

2016,

the Company awarded

three

-year performance-based restricted stock subject to the achievement of pre-established cumulative total revenue goals for fiscal

2016,

2017

and

2018.

The target number of shares awarded was

149,393

with a weighted average grant date fair value of

$13.69

per share. These shares of

three

-year performance-based restricted stock had a payout opportunity ranging from

50%

200%

of the target number of shares. The Company does

not

expect these shares to be earned.

The vesting date fair value of shares that vested in fiscal

2018

and

2017

was

$2.2

million and

$2.3

million, respectively. The aggregate unearned compensation expense related to options and restricted stock was

$3.1

million as of

February 2, 2019

and is expected to be recognized over a weighted average period of

1.3

years.

Note 15 - Segment Information

12 Months Ended

Feb. 02, 2019

Segment Reporting Disclosure [Text Block]

(

)

Segment Information

The Company’s operations are conducted through

three

operating segments consisting of DTC, commercial and international franchising. The DTC segment includes the operating activities of corporately-managed locations and other retail delivery operations in the U.S., Canada, China, Denmark, Ireland and the U.K., including the Company’s e-commerce sites and temporary stores. The commercial segment includes the Company’s transactions with other businesses, mainly comprised of licensing the Company’s intellectual properties for

third

party use and wholesale activities. The international franchising segment includes the licensing activities of the Company’s franchise agreements with store locations in Europe (outside of the U.K., Ireland and Denmark), Asia, Australia, the Middle East, Africa and Mexico. The operating segments have discrete sources of revenue, different capital structures and different cost structures. These operating segments represent the basis on which the Company’s chief operating decision maker regularly evaluates the business in assessing performance, determining the allocation of resources and the pursuit of future growth opportunities. Accordingly, the Company has determined that each of its operating segments represent a reportable segment. The

three

reportable segments follow the same accounting policies used for the Company’s consolidated financial statements.

For fiscal year

2018

and

2017,

Store asset impairment charges were disclosed as a separate line item within the consolidated statement of operations, including

$4.6

million in the

fourth

quarter of fiscal

2018.

In addition, asset impairment charges of

$0.7

million were recorded in the

fourth

quarter of fiscal

2018

and included within selling, general and administrative expenses. See Note

— Property and Equipment, net for additional information regarding these charges within the DTC segment. Following is a summary of the financial information for the Company’s reporting segments (in thousands):

	Direct-to-					International
	Consumer			Commercial		Franchising		Total
Fifty-two weeks ended February 2, 2019
Net sales to external customers	$	326,304		$	6,560	$	3,721	$	336,585
Income (loss) before income taxes		(20,801	)		2,293		1		(18,507	)
Capital expenditures		11,253			-		-		11,253
Depreciation and amortization		16,013			1		28		16,042
Fifty-two weeks ended December 30, 2017
Net sales to external customers	$	349,408		$	6,007	$	2,451	$	357,866
Income before income taxes		10,436			934		2,443		13,813
Capital expenditures		17,882			-		191		18,073
Depreciation and amortization		16,101			2		62		16,165
Five weeks ended February 3, 2018
Net sales to external customers	$	29,586		$	358	$	279	$	30,223
Income (loss) before income taxes		(1,269	)		95		146		(1,028	)
Capital expenditures		1,270			-		-		1,270
Depreciation and amortization		1,505			-		2		1,507

Total Assets as of:
February 2, 2019	$	159,269		$	7,283	$	5,494	$	172,046
December 30, 2017		188,685			5,949		3,355		197,989

The Company’s reportable segments are primarily determined by the types of products and services that they offer. Each reportable segment

may

operate in many geographic areas. Revenues are recognized in the geographic areas based on the location of the customer or franchisee. The following schedule is a summary of the Company’s sales to external customers and long-lived assets by geographic area (in thousands):

	North
	America (1)		Europe (2)		Other (3)		Total
Fifty-two weeks ended February 2, 2019
Net sales to external customers	$	283,347	$	51,231	$	2,007	$	336,585
Property and equipment, net		60,490		5,860		18		66,368
Fifty-two weeks ended December 30, 2017
Net sales to external customers		293,282		61,901		2,683	$	357,866
Property and equipment, net		68,141		9,578		32		77,751
Five weeks ended February 3, 2018
Net sales to external customers	$	24,575	$	5,471	$	177	$	30,223

For purposes of this table only:

(

)

North America includes the United States, Canada, Puerto Rico and franchise business in Mexico

(

)

Europe includes the U.K., Ireland, Denmark and franchise businesses in Europe

(

)

Other includes franchise businesses outside of North America and Europe and a corporately-managed location in China

Significant Accounting Policies (Policies)

12 Months Ended

Feb. 02, 2019

Accounting Policies [Abstract]

Consolidation, Policy [Policy Text Block]

Principles of Consolidation

Fiscal Period, Policy [Policy Text Block]

Fiscal Year

The Company operates on a

- or

-week fiscal year ending on the Saturday closest to

January

31.

The periods presented in these financial statements are fiscal

2018

(

weeks ended

February 2, 2019)

and fiscal

2017

(

weeks ended

December 30, 2017).

References to years in these financial statements relate to fiscal years or year ends rather than calendar years.

January 2018,

the Company’s Board of Directors approved a change in the Company’s fiscal year-end, which previously ended on the Saturday closest to

December 31,

to the Saturday closest to

January 31.

Accordingly, the Company is presenting audited financial statements for a

five

week transition period,

December 31, 2017

through

February 3, 2018.

See Note

— Transition Period Financial Information for additional information.

Cash and Cash Equivalents, Policy [Policy Text Block]

Cash and Cash Equivalents

Cash and cash equivalents include cash and short-term highly liquid investments with an original maturity of

three

months or less held in both domestic and foreign financial institutions.

The majority of the Company’s cash and cash equivalents exceed federal deposit insurance limits. The Company has

not

experienced any losses in such accounts and management believes that the Company is

not

exposed to any significant credit risk on cash and cash equivalents.

Inventory, Policy [Policy Text Block]

Inventories

Inventories are stated at the lower of cost or net realizable value, with cost determined on an average-cost basis. Inventory includes supplies of

$2.9

million and

$2.7

million as of

February 2, 2019

and

December 30, 2017,

respectively. A reserve for estimated shortage is accrued throughout the year based on detailed historical averages. The inventory reserve was

$0.9

million and

$1.0

million as of

February 2, 2019

and

December 30, 2017,

respectively.

Receivables, Policy [Policy Text Block]

Receivables

$5.4

million and

$3.1

million as of

February 2, 2019

and

December 30, 2017,

respectively.

Property, Plant and Equipment, Policy [Policy Text Block]

Property and Equipment

ten

years. Furniture and fixtures and computer equipment are depreciated using the straight-line method over the estimated service lives ranging from

three

seven

three

five

Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block]

Other Intangible Assets

Other intangible assets consist primarily of initial costs related to trademarks and other intellectual property. Trademarks and other intellectual property represent

third

-party costs that are capitalized and amortized over their estimated lives ranging from

one

three

years using the straight-line method.

Other Assets [Policy Text Block]

Other Assets

Other assets consist primarily of the non-current portion of prepaid income taxes, deferred leasing fees and deferred costs related to franchise agreemen

ts.

Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]

Long-lived Assets

Whenever facts and circumstances indicate that the carrying value of a long-lived asset

may

not

be recoverable, the carrying value is reviewed. If this review indicates that the carrying value of the asset will

not

$5.9

million and

$0.1

million in fiscal years

2018

and

2017,

respectively and recorded within cost of merchandise sold and selling, general and administrative (See Note

– Property and Equipment for further discussion regarding the impairment of long-lived assets).

The calculation of fair value requires multiple assumptions regarding our future operations to determine future cash flows, including but

not

limited to, sales volume, margin rates and discount rates. If different assumptions were used in the analysis, it is possible that the amount of the impairment charge

may

have been significantly different than what was recorded.

Lessee, Leases [Policy Text Block]

Deferred Rent

Revenue from Contract with Customer [Policy Text Block]

Revenue

See Note

— Revenue for additional accounting information.

Cost of Sales, Policy [Policy Text Block]

Cost of Merchandise Sold

Cost of merchandise sold - retail includes the cost of the merchandise, including royalties paid to licensors of

third

-party branded merchandise; store occupancy cost, including store depreciation and store asset impairment charges (See Note

third

-party branded merchandise; cost of warehousing and distribution; packaging; stuffing; damages and shortages; and shipping and handling costs incurred in shipment to customers.

Selling, General and Administrative Expenses, Policy [Policy Text Block]

Selling, General, and Administrative Expenses

In addition, bad debt expenses and accounts receivable related charges are recorded.

Advertising Costs, Policy [Policy Text Block]

Advertising

The costs of advertising and marketing programs are charged to operations in the

first

period the program takes place. Advertising expense was

$16.5

million and

$19.0

million for fiscal years

2018

and

2017,

respectively.

Income Tax, Policy [Policy Text Block]

Income Taxes

not

that a deferred tax asset will be

not

recovered, a valuation allowance is established.

8—Income

Taxes for further discussion including the impact of the

December 22, 2017

enactment of The Tax Cuts and Job Act (“Act”).

Earnings Per Share, Policy [Policy Text Block]

ncome

Per Share

Under the

two

effect is given to the Company’s participating securities as they do

not

given consideration.

Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]

Stock-Based Compensation

718.

The Company recognizes compensation cost for equity awards over the requisite service period for the entire award and forfeitures as they occur. See Note

— Stock Incentive Plans for additional information. Selling, general and administrative expense included

$3.4

million for both fiscal years

2018

and

2017

and

$0.2

million for the

five

weeks ended

February 3, 2018,

of stock-based compensation expense.

Comprehensive Income, Policy [Policy Text Block]

Comprehensive

Income (

Los

)

Comprehensive income (loss) is comprised of net income (loss) and foreign currency translation adjustments.

Deferred Charges, Policy [Policy Text Block]

eferred Compensation Plan

401

). As of

February 2, 2019,

the current portions of the assets and related liabilities of less than

$0.1

$1.0

million are presented in other assets, net and other liabilities in the accompanying consolidated balance sheets. As of

December 30, 2017,

the current portions of the assets and related liabilities of

$0.1

$1.0

million are presented in other assets, net and other liabilities in the accompanying consolidated balance sheets.

Fair Value of Financial Instruments, Policy [Policy Text Block]

Fair Value of Financial Instruments

February 2, 2019

and

December 30, 2017.

Use of Estimates, Policy [Policy Text Block]

Use of Estimates

not

limited to, challenging economic conditions. Accordingly, future estimates

may

Sales Tax Policy [Policy Text Block]

Sales Tax Policy

The Company’s revenues in the consolidated statement of operations are net of sales taxes.

Foreign Currency Transactions and Translations Policy [Policy Text Block]

Foreign Currency

$1.0

million in fiscal

2018,

income of

$1.6

million and

$0.4

million in fiscal

2017

and for the

five

weeks ended

February 3, 2018,

respectively.

New Accounting Pronouncements, Policy [Policy Text Block]

ecent Accounting Pronouncements

– Adopted in the current year

August

2018,

the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update (“ASU”)

2018

15,

Intangibles-Goodwill and Other-Internal-Use Software (Subtopic

350

third

quarter of

2018,

and it did

not

have a material impact on the consolidated financial statements.

March 2018,

the FASB issued ASU

2018

05,

Income Taxes (Topic

740

)—Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin

No.

118,

that codified SEC Staff Accounting Bulletin (“SAB”)

No.

118,

as it relates to allowing for recognition of provisional amounts related to the Act in the event that the accounting is

not

complete and a reasonable estimate can be made. Where necessary information is

not

available, prepared, or analyzed to determine a reasonable estimate,

provisional amount should be recorded. The guidance allows for a measurement period of up to

one

year from the enactment date to finalize the accounting related to the Act. The Company has applied the guidance in this update to its financial statements for fiscal years

2017

and

2018

and recorded adjustments related to the Act within the

one

year measurement period. See Note

— Income Taxes for additional information.

Effective

December 31, 2017,

the Company adopted the new revenue recognition guidance (Topic

606

) and all the related amendments using the modified retrospective method for contracts that were

not

completed as of

December 31, 2017.

Topic

606

The Company’s most significant Topic

606

As a result of this change, the Company expects a negative impact to revenue and pre-tax income with the remaining balance of the cumulative effect adjustment predominantly impacting fiscal years

2019

and

2020.

The comparative historical financial information has

not

been restated and continues to be reported under the accounting standards in effect for those periods. As a result of applying the modified retrospective method to transition to Topic

606,

the following adjustments were made to the consolidated balance sheet as of

December 31, 2017 (

dollars in thousands):

Balance Sheet	Balance as of December 30, 2017		Adjustments due to Topic 606			Balance as of December 31, 2017

Assets
Prepaid expenses and other current assets	$	13,346	$	(13	)	$	13,333
Deferred tax assets		6,381		(2,880	)		3,501

Adjustment: assets			$	(2,893	)

Liabilities
Accrued expenses (1)		15,189		151			15,340
Gift cards and customer deposits		33,926		(12,297	)		21,629

Stockholders’ equity
Retained Earnings		49,760		9,253			59,013

Adjustment: liabilities and stockholders' equity			$	(2,893	)

(

)

- The impact on the balances due to the adoption of Topic

606

includes income tax payable.

The following tables reflect the impact of adoption of Topic

606

for select accounts on the Company’s consolidated statement of income for the

fifty-two

weeks ended

February 2,

2019

and its consolidated balance sheet as of

February 2, 2019

and the amounts as if the previous standards were in effect (“Without Adoption of Topic

606”

) (dollars in thousands):

	For the fifty-two weeks ended February 2, 2019
Income Statement	As Reported			Without adoption of Topic 606			Effect of Change

Income Statement
Net retail sales	$	326,304		$	329,081		$	(2,777	)
Commercial revenue		6,560			6,560			-
International franchising		3,721			3,721			-

Total revenues		336,585			339,362			(2,777	)

Total costs and expenses		-			-			-
Income tax expense (benefit)		(574	)		(485	)		89
Net loss		(17,933	)	$	(15,245	)	$	(2,688	)

	February 2, 2019
Balance Sheet	As Reported		Without adoption of Topic 606		Effect of Change
Liabilities
Accrued expenses (1)	$	10,047	$	9,985	$	(62	)
Gift cards and customer deposits (1)		21,643		31,163		9,520

Stockholders’ equity
Retained earnings (1)		37,094		30,529		(6,565	)
Net effect of Change in Liabilities and Stockholders' equity					$	2,893

(

)

The impact on the balances without adoption of Topic

606

includes the activity for the

fifty-two

weeks ended

February 2, 2019,

and the

December 31, 2017

adjustment. The activity for the

five

weeks ended

February 3, 2018

was

not

significant.

The impact of adoption of Topic

606

on the Company's consolidated statement of cash flows from operating activities for the

fifty-two

weeks ended

February 2, 2019

was

not

significant.

Recent Accounting Pronouncements – Pending adoption

February 2016,

the FASB issued new guidance on leases (“Topic

842”

), which will replace most existing lease accounting guidance in U.S. GAAP. The core principle of Topic

842

is that an entity should recognize the rights and obligations resulting from leases as assets and liabilities for all leases with terms greater than

842

2017,

842’s

Topic

842

will be effective for the Company beginning in fiscal

2019

and requires the use of a modified retrospective transition approach, which includes a number of optional practical expedients that entities

may

elect to apply. The Company has elected certain practical expedients, including the package of practical expedients to

not

elect the hindsight practical expedient.

Upon adoption of Topic

842

February 3, 2019

or the

first

day of fiscal year

2019,

350

retail and corporate office locations. The Company is finalizing the impact of Topic

842

on its consolidated financial statements and expects the adoption to result in the recording of operating lease liabilities of approximately

$200

842

not

expect that the adoption of ASC

842

will result in a material impact to its consolidated statements of cash flows and they are currently assessing the impact to its consolidated statements of operations. See Note

– Commitments and Contingencies for further detail of the Company’s future minimum lease payments.

Note 2 - Summary of Significant Accounting Policies (Tables)

12 Months Ended

Feb. 02, 2019

Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]

Balance Sheet	Balance as of December 30, 2017		Adjustments due to Topic 606			Balance as of December 31, 2017

Assets
Prepaid expenses and other current assets	$	13,346	$	(13	)	$	13,333
Deferred tax assets		6,381		(2,880	)		3,501

Adjustment: assets			$	(2,893	)

Liabilities
Accrued expenses (1)		15,189		151			15,340
Gift cards and customer deposits		33,926		(12,297	)		21,629

Stockholders’ equity
Retained Earnings		49,760		9,253			59,013

Adjustment: liabilities and stockholders' equity			$	(2,893	)

	For the fifty-two weeks ended February 2, 2019
Income Statement	As Reported			Without adoption of Topic 606			Effect of Change

Income Statement
Net retail sales	$	326,304		$	329,081		$	(2,777	)
Commercial revenue		6,560			6,560			-
International franchising		3,721			3,721			-

Total revenues		336,585			339,362			(2,777	)

Total costs and expenses		-			-			-
Income tax expense (benefit)		(574	)		(485	)		89
Net loss		(17,933	)	$	(15,245	)	$	(2,688	)

	February 2, 2019
Balance Sheet	As Reported		Without adoption of Topic 606		Effect of Change
Liabilities
Accrued expenses (1)	$	10,047	$	9,985	$	(62	)
Gift cards and customer deposits (1)		21,643		31,163		9,520

Stockholders’ equity
Retained earnings (1)		37,094		30,529		(6,565	)
Net effect of Change in Liabilities and Stockholders' equity					$	2,893

Note 8 - Income Taxes (Tables)

12 Months Ended

Feb. 02, 2019

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

	Fiscal year ended					Five weeks ended
	February 2,			December 30,		February 3,
	2019			2017		2018
Domestic	$	(4,175	)	$	13,081	$	(1,275	)
Foreign		(14,332	)		732		247
Total income (loss) before income taxes	$	(18,507	)	$	13,813	$	(1,028	)

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	Fiscal year ended						Five weeks ended
	February 2,			December 30,			February 3,
	2019			2017			2018

Current:
U.S. Federal	$	(508	)	$	683		$	(125	)
U.S. State		(263	)		609			21
Foreign		(448	)		(313	)		78
Deferred:
U.S. Federal		(836	)		3,815			(181	)
U.S. State		239			(113	)		10
Foreign		1,242			1,216			14
Income tax expense (benefit)	$	(574	)	$	5,897		$	(183	)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	February 2,			December 30,
	2019			2017

Deferred tax assets:
Net operating loss carryforwards	$	4,371		$	764
Deferred revenue		2,661			3,120
Deferred compensation		1,729			1,414
Accrued rents		1,203			1,625
Intangible assets		1,201			1,466
Inventories		987			1,179
Carryforward of tax credits		861			25
Receivable write-offs		477			40
Accrued compensation		88			533
Other		1,056			1,188
Total gross deferred tax assets		14,634			11,354
Less: Valuation allowance		5,079			1,301
Total deferred tax assets, net of valuation allowance		9,555			10,053

Deferred tax liabilities:
Deferred revenue		(4,088	)		-
Depreciation		(1,113	)		(1,704	)
Deferred expense		(763	)		(1,907	)
Other		(492	)		(61	)
Total deferred tax liabilities		(6,456	)		(3,672	)
Net deferred tax assets	$	3,099		$	6,381

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

Balance as of December 31, 2016	$	961
Increases for prior year tax positions		57
Decreases for prior year tax positions		(359	)
Balance as of December 30, 2017 (1)		659
Increases for prior year tax positions		288
Decreases for prior year tax positions		(333	)
Settlements		(183	)
Lapse of statute of limitations		(13	)
Balance as of February 2, 2019	$	418

Summary of Income Tax Examinations [Table Text Block]

United States (Federal)	2016 through 2018
United Kingdom	2016 through 2018

Note 12 - Stock Incentive Plans (Tables)

12 Months Ended

Feb. 02, 2019

Share-based Compensation, Stock Options, Activity [Table Text Block]

	Options
	Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term		Aggregate Intrinsic Value (in thousands)
Outstanding, December 31, 2016		757,784		$	9.91
Granted		72,051			8.85
Exercised		(1,269	)		6.36
Forfeited		(26,795	)		13.45
Canceled or expired		(10,204	)		12.51
Outstanding, December 30, 2017		791,567			9.67
Granted (1)		213,687			8.60
Exercised (1)		(53,040	)		5.20
Forfeited		(1,536	)		11.19
Outstanding, February 2, 2019		950,678		$	9.67		4.8	$	-

Options Exercisable as of:
February 2, 2019		625,663		$	9.69		4.6	$	-

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

	2018			2017

Dividend yield		0	%		0	%
Historical volatility		50	%		47	%
Risk-free rate		2	%		2	%
Expected life		3.5			6.0
Weighted average grant date fair value	$	3.31		$	4.18

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]

	Time-Based Restricted Stock					Performance-Based Restricted Stock
	Shares			Weighted Average Grant Date Fair Value		Shares			Weighted Average Grant Date Fair Value
Outstanding, December 31, 2016		316,116		$	13.30		241,141		$	15.39
Granted		258,060			9.18		83,897			8.85
Vested		(179,132	)		12.20		(6,472	)		20.54
Forfeited		(33,505	)		12.55		(15,247	)		14.28
Canceled or expired		—			—		(13,704	)		13.68
Outstanding, December 30, 2017		361,539		$	10.97		289,615		$	13.66
Granted (1)		208,913			8.68		83,256			8.60
Vested (1)		(178,329	)		11.82		(6,323	)		20.58
Forfeited (1)		(12,345	)		10.99		—			-
Canceled or expired		—			—		(199,395	)		15.47
Outstanding, February 2, 2019		379,778		$	9.31		167,153		$	8.73

Note 15 - Segment Information (Tables)

12 Months Ended

Feb. 02, 2019

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	Direct-to-					International
	Consumer			Commercial		Franchising		Total
Fifty-two weeks ended February 2, 2019
Net sales to external customers	$	326,304		$	6,560	$	3,721	$	336,585
Income (loss) before income taxes		(20,801	)		2,293		1		(18,507	)
Capital expenditures		11,253			-		-		11,253
Depreciation and amortization		16,013			1		28		16,042
Fifty-two weeks ended December 30, 2017
Net sales to external customers	$	349,408		$	6,007	$	2,451	$	357,866
Income before income taxes		10,436			934		2,443		13,813
Capital expenditures		17,882			-		191		18,073
Depreciation and amortization		16,101			2		62		16,165
Five weeks ended February 3, 2018
Net sales to external customers	$	29,586		$	358	$	279	$	30,223
Income (loss) before income taxes		(1,269	)		95		146		(1,028	)
Capital expenditures		1,270			-		-		1,270
Depreciation and amortization		1,505			-		2		1,507

Total Assets as of:
February 2, 2019	$	159,269		$	7,283	$	5,494	$	172,046
December 30, 2017		188,685			5,949		3,355		197,989

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]

	North
	America (1)		Europe (2)		Other (3)		Total
Fifty-two weeks ended February 2, 2019
Net sales to external customers	$	283,347	$	51,231	$	2,007	$	336,585
Property and equipment, net		60,490		5,860		18		66,368
Fifty-two weeks ended December 30, 2017
Net sales to external customers		293,282		61,901		2,683	$	357,866
Property and equipment, net		68,141		9,578		32		77,751
Five weeks ended February 3, 2018
Net sales to external customers	$	24,575	$	5,471	$	177	$	30,223

Note 2 - Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Feb. 03, 2018	Feb. 02, 2019	Dec. 30, 2017	Feb. 03, 2019
Inventory, Supplies, Net of Reserves		$ 2,900	$ 2,700
Inventory Valuation Reserves, Ending Balance		900	1,000
Allowance for Doubtful Accounts Receivable, Current, Ending Balance		5,400	3,100
Asset Impairment Charges, Total		5,871	104
Advertising Expense		16,500	19,000
Foreign Currency Transaction Gain (Loss), before Tax, Total	400	(1,000)	1,600
Subsequent Event [Member] \| Accounting Standards Update 2016-02 [Member]
Operating Lease, Liability, Total				$ 200,000
Prepaid Expenses and Other Current Assets [Member]
Deferred Compensation Plan Assets		100	100
Other Noncurrent Liabilities [Member]
Deferred Compensation Liability, Current and Noncurrent, Total		1,000	1,000
Selling, General and Administrative Expenses [Member]
Allocated Share-based Compensation Expense, Total	$ 200	$ 3,400	$ 3,400
Trademarks And Intellectual Property [Member]
Finite-Lived Intangible Asset, Useful Life		3 years
Minimum [Member] \| Trademarks And Intellectual Property [Member]
Finite-Lived Intangible Asset, Useful Life		1 year
Maximum [Member] \| Trademarks And Intellectual Property [Member]
Finite-Lived Intangible Asset, Useful Life		3 years
Leasehold Improvements [Member]
Property, Plant and Equipment, Useful Life		10 years
Furniture and Fixtures [Member] \| Minimum [Member]
Property, Plant and Equipment, Useful Life		3 years
Furniture and Fixtures [Member] \| Maximum [Member]
Property, Plant and Equipment, Useful Life		7 years
Software and Software Development Costs [Member] \| Minimum [Member]
Property, Plant and Equipment, Useful Life		3 years
Software and Software Development Costs [Member] \| Maximum [Member]
Property, Plant and Equipment, Useful Life		5 years

Note 2 - Summary of Significant Accounting Policies - Adoption of ASC 606 (Details) - USD ($)
$ in Thousands

1 Months Ended

12 Months Ended

Feb. 03, 2018

Jan. 28, 2017

Feb. 02, 2019

Dec. 30, 2017

Dec. 31, 2017

Prepaid expenses and other current assets

$ 12,960

$ 13,346

$ 13,333

Deferred tax assets

3,099

6,381

3,501

Adjustment: assets

172,046

197,989

10,047

^[1]

15,189

^[2]

15,340

^[2]

21,643

^[1]

33,926

21,629

Adjustment: liabilities and stockholders' equity

37,094

^[1]

49,760

59,013

172,046

197,989

Income tax expense (benefit)

$ 30,223

$ 24,130

336,585

357,866

Total costs and expenses

(183)

(424)

(574)

5,897

Net loss

(845)

$ (760)

(17,933)

7,916

Calculated under Revenue Guidance in Effect before Topic 606 [Member]

^[1]

9,985

^[1]

31,163

^[1]

30,529

Income tax expense (benefit)

339,362

Total costs and expenses

(485)

Net loss

(15,245)

Difference between Revenue Guidance in Effect before and after Topic 606 [Member]

^[1]

(62)

^[1]

9,520

Adjustment: liabilities and stockholders' equity

^[1]

(6,565)

2,893

Income tax expense (benefit)

(2,777)

Total costs and expenses

Net loss

(2,688)

Retail [Member]

Retail [Member] | Calculated under Revenue Guidance in Effect before Topic 606 [Member]

29,586

326,304

349,408

Retail [Member] | Difference between Revenue Guidance in Effect before and after Topic 606 [Member]

329,081

Commercial Product and Service [Member]

(2,777)

Commercial Product and Service [Member] | Calculated under Revenue Guidance in Effect before Topic 606 [Member]

358

6,560

6,007

Commercial Product and Service [Member] | Difference between Revenue Guidance in Effect before and after Topic 606 [Member]

6,560

International Franchising [Member]

International Franchising [Member] | Calculated under Revenue Guidance in Effect before Topic 606 [Member]

$ 279

3,721

$ 2,451

International Franchising [Member] | Difference between Revenue Guidance in Effect before and after Topic 606 [Member]

3,721

Accounting Standards Update 2014-09 [Member]

Prepaid expenses and other current assets

(13)

Deferred tax assets

(2,880)

Adjustment: assets

(2,893)

^[2]

151

(12,297)

Adjustment: liabilities and stockholders' equity

9,253

$ (2,893)

[1]	The impact on the balances without adoption of Topic 606 includes the activity for the fifty-two weeks ended February 2, 2019, and the December 31, 2017 adjustment. The activity for the five weeks ended February 3, 2018 was not significant.
[2]	The impact on the balances due to the adoption of Topic 606 includes income tax payable.

Note 3 - Revenue (Details Textual)	12 Months Ended
Note 3 - Revenue (Details Textual)	Feb. 02, 2019
Gift Card Redemption Period	3 years
Estimated Percentage of Gift Card Redemptions Within First Twelve Months	75.00%
Direct to Consumer [Member]
Segment Revenue of Consolidated Revenue, Percentage	97.00%
International Franchising [Member]
Capitalized Contract Cost, Amortization Period	25 years

Note 4 - Prepaid Expenses and Other Current Assets - Summary of Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Feb. 02, 2019	Dec. 31, 2017	Dec. 30, 2017
Prepaid occupancy	$ 5,497		$ 7,688
Prepaid income taxes	2,245		887
Other	5,218		4,771
Total	$ 12,960	$ 13,333	$ 13,346

Note 5 - Property and Equipment, Net (Details Textual) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended	12 Months Ended
	Feb. 03, 2018	Feb. 02, 2019	Feb. 02, 2019	Dec. 30, 2017
Depreciation, Total	$ 1,400		$ 15,300	$ 15,100
Asset Impairment Charges, Total			5,871	104
Store Asset [Member]
Asset Impairment Charges, Total		$ 4,600	5,195	21
Property And Equipment [Member] \| Selling, General and Administrative Expenses [Member]
Impairment of Long-Lived Assets to be Disposed of	$ 0	$ 700	$ 700	$ 100

Note 5 - Property and Equipment, Net - Property and Equipment (Details) - USD ($) $ in Thousands	Feb. 02, 2019	Dec. 30, 2017
Property, plant and equipment, gross	$ 240,964	$ 250,946
Less accumulated depreciation	174,596	173,195
Total, net	66,368	77,751
Land [Member]
Property, plant and equipment, gross	2,261	2,261
Furniture and Fixtures [Member]
Property, plant and equipment, gross	43,127	44,191
Computer Equipment [Member]
Property, plant and equipment, gross	25,659	27,122
Building [Member]
Property, plant and equipment, gross	14,970	14,970
Leasehold Improvements [Member]
Property, plant and equipment, gross	104,858	111,717
Software and Software Development Costs [Member]
Property, plant and equipment, gross	46,506	42,911
Construction in Progress [Member]
Property, plant and equipment, gross	$ 3,583	$ 7,774

Note 6 - Other Intangible Assets (Details Textual) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Feb. 03, 2018	Feb. 02, 2019	Dec. 30, 2017	Feb. 03, 2019
Trademarks And Intellectual Property [Member]
Finite-Lived Intangible Asset, Useful Life		3 years
Amortization of Intangible Assets, Total	$ 0.1	$ 0.7	$ 1.0
Other Intangible Assets [Member]
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months				$ 0.7

Note 6 - Other Intangible Assets - Other Intangible Assets (Details) - USD ($) $ in Thousands	Feb. 02, 2019	Dec. 30, 2017
Trademarks and other intellectual property	$ 16,215	$ 15,656
Less accumulated amortization	15,484	14,661
Total, net	$ 731	$ 995

Note 7 - Accrued Expenses - Summary of Accrued Expenses (Details) - USD ($)
$ in Thousands

Feb. 02, 2019

Dec. 31, 2017

^[2]

Dec. 30, 2017

Accrued wages, bonuses and related expenses

$ 5,453

$ 5,863

Sales tax payable

1,286

4,858

Accrued rent and related expenses

3,233

3,679

Current income taxes payable

789

Total

$ 10,047

^[1]

$ 15,340

$ 15,189

^[2]

[1]	The impact on the balances without adoption of Topic 606 includes the activity for the fifty-two weeks ended February 2, 2019, and the December 31, 2017 adjustment. The activity for the five weeks ended February 3, 2018 was not significant.
[2]	The impact on the balances due to the adoption of Topic 606 includes income tax payable.

Note 8 - Income Taxes (Details Textual) - USD ($) $ in Thousands	1 Months Ended		3 Months Ended	12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017	Feb. 02, 2019	Feb. 02, 2019	Dec. 30, 2017	Dec. 31, 2016
Income Tax Expense (Benefit), Total	$ (183)	$ (424)		$ (574)	$ 5,897
Effective Income Tax Rate Reconciliation, Percent, Total	17.80%			3.10%	42.70%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%			21.00%	34.00%
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount					$ 1,400
Operating Loss Carryforwards, Total			$ 21,000	$ 21,000
Tax Credit Carryforward, Amount			900	900
Tax Adjustments, Settlements, and Unusual Provisions				200
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability				(100)
Tax Cuts And Jobs Act of 2017 Change in Tax Rate Income Tax Expense (Benefit)				(100)
Unrecognized Tax Benefits, Ending Balance			418	418	659	$ 961
Unrecognized Tax Benefits that Would Impact Effective Tax Rate			200	200	300
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense, Total				100	100
Income Tax Examination, Penalties and Interest Expense, Total	$ 100			100	100
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit			400	400
Foreign Tax Authority [Member]
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount				$ 500	$ 300
Foreign Tax Authority [Member] \| UNITED KINGDOM
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount			$ 3,700

Note 8 - Income Taxes - Income Before Income Taxes From Domestic and Foreign Operations (Details) - USD ($) $ in Thousands	1 Months Ended		12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017	Feb. 02, 2019	Dec. 30, 2017
Domestic	$ (1,275)		$ (4,175)	$ 13,081
Foreign	247		(14,332)	732
Total income (loss) before income taxes	$ (1,028)	$ (1,184)	$ (18,507)	$ 13,813

Note 8 - Income Taxes - Components of the Provision for Income Taxes (Details) - USD ($) $ in Thousands	1 Months Ended		12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017	Feb. 02, 2019	Dec. 30, 2017
Current:
U.S. Federal	$ (125)		$ (508)	$ 683
U.S. State	21		(263)	609
Foreign	78		(448)	(313)
Deferred:
U.S. Federal	(181)		(836)	3,815
U.S. State	10		239	(113)
Foreign	14		1,242	1,216
Income tax expense (benefit)	$ (183)	$ (424)	$ (574)	$ 5,897

Note 8 - Income Taxes - Temporary Differences That Gave Rise to Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Feb. 02, 2019	Dec. 30, 2017
Deferred tax assets:
Net operating loss carryforwards	$ 4,371	$ 764
Deferred revenue	2,661	3,120
Deferred compensation	1,729	1,414
Accrued rents	1,203	1,625
Intangible assets	1,201	1,466
Inventories	987	1,179
Carryforward of tax credits	861	25
Receivable write-offs	477	40
Accrued compensation	88	533
Other	1,056	1,188
Total gross deferred tax assets	14,634	11,354
Less: Valuation allowance	5,079	1,301
Total deferred tax assets, net of valuation allowance	9,555	10,053
Deferred tax liabilities:
Deferred revenue	(4,088)
Depreciation	(1,113)	(1,704)
Deferred expense	(763)	(1,907)
Other	(492)	(61)
Total deferred tax liabilities	(6,456)	(3,672)
Net deferred tax assets	$ 3,099	$ 6,381

Note 8 - Income Taxes - Reconciliation of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2019	Dec. 30, 2017
Balance		$ 961
Increases for prior year tax positions	$ 288	57
Decreases for prior year tax positions	(333)	(359)
Settlements	(183)
Lapse of statute of limitations	(13)
Balance	$ 418	$ 659

Note 9 - Line of Credit (Details Textual) - USD ($)		2 Months Ended
Note 9 - Line of Credit (Details Textual) - USD ($)	Dec. 13, 2018	Feb. 02, 2019
Line of Credit Facility, Maximum Borrowing Capacity		$ 35,000,000
Pledge Of Ownership Interest In Foreign Subsidiaries		66.00%
Long-term Line of Credit, Total		$ 0
Line of Credit Facility, Remaining Borrowing Capacity		$ 35,000,000
Line of Credit [Member]
Line of Credit Facility, Commitment Fee Percentage	0.125%	0.075%
Dividends, Minimum Required Outstanding Line of Credit		$ 0
Dividends, Minimum Required Cash Balance		10,000,000
Dividends, Maximum Distribution Amount		$ 1,000,000
Line of Credit [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	1.80%	1.25%

Note 10 - Commitments and Contingencies (Details Textual) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Feb. 03, 2018	Feb. 02, 2019	Dec. 30, 2017
Operating Leases, Rent Expense, Net, Total	$ 3.7	$ 45.9	$ 45.0
Operating Leases, Rent Expense, Contingent Rentals	$ 0.1	1.5	$ 1.2
Litigation Receivable, Gross		3.9
Litigation Receivables, Reserve		3.1
Litigation Receivables, Net		$ 0.8

The increases or decreases in lease payments that result from changes occurring after the inception of the lease in the factors (other than the passage of time) on which lease payments are based, except that any escalation of minimum lease payments relating to increases in construction or acquisition cost of the leased property or for increases in some measure of cost or value during the construction or preconstruction period, are excluded from contingent rentals. Contingent rentals also may include amounts for which the triggering events have not yet occurred or the specified targets for which have not yet been achieved (such as sales based percentage rent), but which events are considered probable of occurring or which specified targets are considered probable of being achieved.

Note 10 - Commitments and Contingencies - Future Minimum Lease Payments (Details) $ in Thousands	Feb. 02, 2019 USD ($)
2019	$ 41,800
2020	35,192
2021	31,940
2022	29,265
2023	24,961
Subsequent to 2023	49,782
Total	$ 212,940

Note 11 - Net Income (Loss) Per Share - Computation Basic and Diluted Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended		12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017	Feb. 02, 2019	Dec. 30, 2017
Net income (loss) before allocation of earnings to participating securities	$ (845)	$ (760)	$ (17,933)	$ 7,916
Less: Earnings allocated to participating securities				96
Net income (loss)	$ (845)		$ (17,933)	$ 7,820
Weighted average number of common shares outstanding - basic (in shares)	14,860,511		14,591,270	15,572,045
Dilutive effect of share-based awards: (in shares)				185,015
Weighted average number of common shares outstanding - dilutive (in shares)	14,860,511		14,591,270	15,757,060
Basic income (loss) per common share attributable to Build-A-Bear Workshop, Inc. stockholders (in dollars per share)	$ (0.06)		$ (1.23)	$ 0.50
Diluted income (loss) per common share attributable to Build-A-Bear Workshop, Inc. stockholders (in dollars per share)	$ (0.06)		$ (1.23)	$ 0.50

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

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+ Details

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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+ Details

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross

Note 12 - Stock Incentive Plans (Details Textual) - USD ($)
$ / shares in Units, $ in Millions

1 Months Ended

12 Months Ended

Feb. 03, 2018

Feb. 02, 2019

Dec. 30, 2017

Dec. 31, 2016

May 11, 2017

213,687

^[1]

72,051

Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercised in Period, Grant Date Fair Value

$ 0.2

$ 0.1

Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value

$ 0.2

$ 0.1

Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant

529,098

984,758

Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Total

$ 3.1

Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition

1 year 109 days

Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period

53,040

^[1]

1,269

Minimum [Member]

Performance-based Shares, Payout Opportunity, Percentage

25.00%

50.00%

Maximum [Member]

Performance-based Shares, Payout Opportunity, Percentage

200.00%

Restricted Stock [Member]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

3,479

208,913

258,060

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value

$ 9.25

$ 8.68

$ 9.18

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period

129

178,329

179,132

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value

$ 11.65

$ 11.82

$ 12.20

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period

7,477

12,345

33,505

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value

$ 10.70

$ 10.99

$ 12.55

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value

$ 2.2

$ 2.3

Restricted Stock [Member] | Minimum [Member]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period

1 year

Restricted Stock [Member] | Maximum [Member]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period

3 years

Performance Shares [Member]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

83,256

83,897

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value

$ 8.60

$ 8.85

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period

6,323

6,472

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value

$ 20.58

$ 20.54

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period

15,247

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value

$ 14.28

Performance Shares [Member] | Vesting at End of Three-year Performance Period [Member]

Share-based Compensation Arrangement by Share-based Payment Award, Performance Period

3 years

First Target Number of Performance Shares [Member]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

62,500

83,897

149,393

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value

$ 8.60

$ 8.85

Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Shares Earned

12,580

Second Target Number of Performance Shares [Member]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

20,756

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value

$ 8.60

$ 13.69

The 2017 Omnibus Incentive Plan [Member]

Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized

1,000,000

[1]	No options were granted or exercised for the five weeks ended February 3, 2018.

Note 12 - Stock Incentive Plans - Activity for Stock Options (Details) - $ / shares

1 Months Ended

12 Months Ended

Feb. 03, 2018

Feb. 02, 2019

Dec. 30, 2017

Outstanding (in shares)

791,567

757,784

Outstanding, weighted average exercise price (in dollars per share)

$ 9.67

$ 9.91

Granted (in shares)

213,687

^[1]

72,051

Granted, weighted average exercise price (in dollars per share)

$ 8.60

^[1]

$ 8.85

Exercised (in shares)

(53,040)

^[1]

(1,269)

Exercised, weighted average exercise price (in dollars per share)

$ 5.20

^[1]

$ 6.36

Forfeited (in shares)

(1,536)

(26,795)

Forfeited, weighted average exercise price (in dollars per share)

$ 11.19

$ 13.45

Canceled or expired (in shares)

(10,204)

Canceled or expired, weighted average exercise price (in dollars per share)

$ 12.51

Outstanding (in shares)

950,678

791,567

Outstanding, weighted average exercise price (in dollars per share)

$ 9.67

Outstanding, weighted average remaining contractual term (Year)

4 years 292 days

Exercisable (in shares)

625,663

Exercisable, weighted average exercise price (in dollars per share)

$ 9.69

Options exercisable, weighted average remaining contractual term (Year)

4 years 219 days

[1]	No options were granted or exercised for the five weeks ended February 3, 2018.

Note 12 - Stock Incentive Plans - Assumptions Used in the Option Pricing Model (Details) - $ / shares	12 Months Ended
	Feb. 02, 2019	Dec. 30, 2017
Dividend yield	0.00%	0.00%
Historical volatility	50.00%	47.00%
Risk-free rate	2.00%	2.00%
Expected life (Year)	3 years 182 days	6 years
Weighted average grant date fair value (in dollars per share)	$ 3.31	$ 4.18

Note 12 - Stock Incentive Plans - Activity for Time-based and Performance-based Restricted Stock (Details) - $ / shares	1 Months Ended	12 Months Ended
	Feb. 03, 2018	Feb. 02, 2019	Dec. 30, 2017
Restricted Stock [Member]
Outstanding (in shares)	361,539		316,116
Outstanding, weighted average grant date fair value (in dollars per share)	$ 10.97		$ 13.30
Granted (in shares)	3,479	208,913	258,060
Granted, weighted average grant date fair value (in dollars per share)	$ 9.25	$ 8.68	$ 9.18
Vested (in shares)	(129)	(178,329)	(179,132)
Vested, weighted average grant date fair value (in dollars per share)	$ 11.65	$ 11.82	$ 12.20
Forfeited (in shares)	(7,477)	(12,345)	(33,505)
Forfeited, weighted average grant date fair value (in dollars per share)	$ 10.70	$ 10.99	$ 12.55
Canceled or expired (in shares)
Canceled, weighted average grant date fair value (in dollars per share)
Outstanding (in shares)		379,778	361,539
Outstanding, weighted average grant date fair value (in dollars per share)		$ 9.31	$ 10.97
Performance Shares [Member]
Outstanding (in shares)	289,615		241,141
Outstanding, weighted average grant date fair value (in dollars per share)	$ 13.66		$ 15.39
Granted (in shares)		83,256	83,897
Granted, weighted average grant date fair value (in dollars per share)		$ 8.60	$ 8.85
Vested (in shares)		(6,323)	(6,472)
Vested, weighted average grant date fair value (in dollars per share)		$ 20.58	$ 20.54
Forfeited (in shares)			(15,247)
Forfeited, weighted average grant date fair value (in dollars per share)			$ 14.28
Canceled or expired (in shares)		(199,395)	(13,704)
Canceled, weighted average grant date fair value (in dollars per share)		$ 15.47	$ 13.68
Outstanding (in shares)		167,153	289,615
Outstanding, weighted average grant date fair value (in dollars per share)		$ 8.73	$ 13.66

Note 13 - Stockholders' Equity - Summary Changes in Outstanding Shares of Common Stock (Details) - shares	1 Months Ended	12 Months Ended
	Feb. 03, 2018	Feb. 02, 2019	Dec. 31, 2016
Shares outstanding (in shares)	15,515,960	14,983,694	15,856,927
Shares issued under employee stock plans, net of shares withheld in lieu of tax withholding (in shares)	(4,038)	207,406	172,758
Repurchase of shares (in shares)	(528,228)	(237,958)	(513,725)
Shares outstanding (in shares)	14,983,694	14,953,142	15,515,960

Note 14 - Major Vendors (Details Textual)	12 Months Ended
Note 14 - Major Vendors (Details Textual)	Feb. 02, 2019	Dec. 30, 2017
Number Of Major Vendors	4	4
Inventory Purchases [Member] \| Supplier Concentration Risk [Member]
Concentration Risk, Percentage	78.00%	79.00%

Note 15 - Segment Information (Details Textual) $ in Thousands	1 Months Ended	3 Months Ended	12 Months Ended
	Feb. 03, 2018 USD ($)	Feb. 02, 2019 USD ($)	Feb. 02, 2019 USD ($)	Dec. 30, 2017 USD ($)
Number of Operating Segments			3
Number of Reportable Segments			3
Asset Impairment Charges, Total			$ 5,871	$ 104
Store Asset [Member]
Asset Impairment Charges, Total		$ 4,600	5,195	21
Property And Equipment [Member] \| Selling, General and Administrative Expenses [Member]
Impairment of Long-Lived Assets to be Disposed of	$ 0	$ 700	$ 700	$ 100

Note 15 - Segment Information - Financial Information for the Company's Reportable Segments (Details) - USD ($) $ in Thousands	1 Months Ended		12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017	Feb. 02, 2019	Dec. 30, 2017
Net sales to external customers	$ 30,223	$ 24,130	$ 336,585	$ 357,866
Income (loss) before income taxes	(1,028)	$ (1,184)	(18,507)	13,813
Capital expenditures, net	1,270		11,253	18,073
Depreciation and amortization	1,507		16,042	16,165
Total assets			172,046	197,989
Direct to Consumer [Member]
Net sales to external customers	29,586		326,304	349,408
Income (loss) before income taxes	(1,269)		(20,801)	10,436
Capital expenditures, net	1,270		11,253	17,882
Depreciation and amortization	1,505		16,013	16,101
Total assets			159,269	188,685
Commercial [Member]
Net sales to external customers	358		6,560	6,007
Income (loss) before income taxes	95		2,293	934
Capital expenditures, net
Depreciation and amortization			1	2
Total assets			7,283	5,949
International Franchising [Member]
Net sales to external customers	279		3,721	2,451
Income (loss) before income taxes	146		1	2,443
Capital expenditures, net				191
Depreciation and amortization	$ 2		28	62
Total assets			$ 5,494	$ 3,355

Note 15 - Segment Information - Sales to External Customers and Long-lived Assets by Geographic Area (Details) - USD ($)
$ in Thousands

1 Months Ended

12 Months Ended

Feb. 03, 2018

Jan. 28, 2017

Feb. 02, 2019

Dec. 30, 2017

$ 30,223

$ 24,130

$ 336,585

$ 357,866

66,368

77,751

North America [Member]

^[1]

24,575

283,347

293,282

^[1]

60,490

68,141

Europe [Member]

^[2]

5,471

51,231

61,901

Other Geographic Region [Member]

^[2]

5,860

9,578

^[3]

$ 177

2,007

2,683

^[3]

$ 18

$ 32

[1]	North America includes the United States, Canada, Puerto Rico and franchise business in Mexico
[2]	Europe includes the U.K., Ireland, Denmark and franchise businesses in Europe
[3]	Other includes franchise businesses outside of North America and Europe and a corporately-managed location in China

Note 16 - Transition Period Financial Information - Unaudited Comparative Financial Information (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended		12 Months Ended
	Feb. 03, 2018	Jan. 28, 2017	Feb. 02, 2019	Dec. 30, 2017
Net retail sales	$ 30,223	$ 24,130	$ 336,585	$ 357,866
Consolidated gross profit	13,902	10,045	138,754	168,973
Selling, general and administrative expense	14,920	11,231	157,176	155,149
Interest expense, net	10	(2)	85	11
Income before income taxes	(1,028)	(1,184)	(18,507)	13,813
Income tax expense (benefit)	(183)	(424)	(574)	5,897
Net loss	$ (845)	$ (760)	$ (17,933)	$ 7,916
Basic and diluted (in dollars per share)	$ (0.06)	$ (0.05)
Shares used in computing per share amounts - basic and diluted (in shares)	14,860,511	15,526,642

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.