Duluth holdings inc. (DLTH)
Balance Sheet / Yearly
Feb'20Nov'19Aug'19May'19Feb'19Oct'18Jul'18Apr'18Jan'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Jan'15
ASSETS
Current Assets:
Cash

538

2,187

3,468

992

731

2,500

2,423

1,179

2,865

2,865

958

1,411

13,584

24,042

173

23,302

30,303

37,873

7,881

Receivables

3,121

340

372

359

4,639

339

46

30

52

52

62

34

31

45

30

44

45

20

17

Other receivables

-

6,559

5,992

8,292

-

2,827

336

581

273

273

1,669

419

1,100

349

3,083

401

474

76

74

Inventory, net

147,849

183,115

114,849

104,289

97,685

131,448

102,365

97,997

88,919

89,548

129,475

84,734

75,716

70,368

96,681

66,919

58,239

55,303

41,363

Prepaid expenses & other current assets

9,503

11,170

12,225

11,977

12,640

11,975

10,256

9,707

8,715

7,642

8,820

8,034

5,060

4,860

3,633

3,774

3,532

3,683

2,716

Prepaid catalog costs

1,181

892

568

202

2,503

-

-

-

-

1,446

-

-

-

-

-

-

-

-

-

Deferred catalog costs

-

-

-

-

-

1,137

1,213

67

81

-

4,431

1,468

382

1,582

4,633

1,411

540

1,435

1,300

Total current assets

162,192

204,263

137,474

126,111

118,198

150,226

116,639

109,561

100,905

101,826

145,415

96,100

95,873

101,246

108,233

95,851

93,133

98,390

53,351

Property and equipment, net

137,071

139,134

136,427

136,652

167,109

165,885

144,800

129,221

109,705

109,705

98,151

75,746

62,480

52,432

45,275

35,926

25,173

21,529

16,880

Operating lease right-of-use assets

120,431

119,323

115,053

134,956

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease right-of-use assets, net

46,677

45,313

32,872

10,610

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

51

1,776

2,688

1,578

2,354

693

1,154

2,923

4,218

4,218

2,169

2,469

768

1,435

1,367

774

-

-

-

Available-for-sale security

6,432

6,499

6,239

6,267

6,295

6,323

6,323

6,323

6,323

6,323

6,323

-

-

-

-

-

-

-

-

Deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

197

-

-

-

Goodwill

-

402

402

402

-

402

402

402

402

402

402

402

402

402

402

402

402

402

402

Other intangible asset, net of accumulated amortization of $294 and $280, respectively

-

287

292

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets, net

1,196

1,120

2,648

2,354

1,349

988

1,120

579

628

628

487

6,980

467

452

343

292

279

299

316

Total assets

474,050

518,117

434,095

418,930

295,305

324,517

270,438

249,009

222,181

223,102

252,947

181,697

159,990

155,967

155,620

133,442

118,987

120,620

70,949

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Trade accounts payable

33,053

55,351

36,255

26,710

25,363

34,200

19,455

14,595

17,320

17,320

30,082

17,836

10,662

9,330

19,277

17,994

7,072

10,611

14,199

Accrued expenses and other current liabilities

29,464

27,750

23,693

25,080

26,530

30,715

20,522

25,800

25,216

25,261

25,676

17,239

19,869

19,822

17,384

-

-

12,049

-

Income tax payable

3,427

-

-

-

218

-

2,236

7,359

7,780

7,631

-

301

5,478

5,225

-

314

1,965

1,308

-

Current portion of operating lease liabilities

10,674

10,296

9,825

10,103

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of finance lease liabilities

1,600

1,584

1,072

315

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current maturities of capital lease obligations

-

-

-

-

-

165

-

-

4

-

-

-

-

-

-

-

-

-

-

Line of credit

-

-

-

-

-

-

-

21,250

-

-

-

-

-

-

-

-

-

-

600

Bank overdrafts

-

-

-

-

-

-

481

478

-

-

2,930

2,350

-

-

2,055

-

-

-

-

Less: current maturities

557

541

525

510

500

80

85

85

80

84

84

81

728

742

62

4,132

3,741

722

828

Accrued expenses: Salaries and benefits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,390

878

-

3,429

Accrued expenses: Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,341

3,967

-

4,029

Accrued expenses: Freight

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

769

1,141

-

1,912

Accrued expenses: Product returns

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

775

947

-

961

Accrued expenses: Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,861

3,072

-

1,679

Total current liabilities

78,775

95,522

71,370

62,718

52,611

65,160

42,779

69,567

50,400

50,296

58,772

37,807

36,737

35,119

38,778

33,576

22,783

24,690

27,637

Operating lease liabilities, less current maturities

106,120

104,352

101,173

118,475

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term line of credit

-

70,470

45,000

39,240

-

65,000

-

-

-

-

50,101

11,943

-

-

13,209

-

-

-

-

Capitalized lease obligations, less current maturities

-

-

-

-

-

27,578

40,485

34,204

31

-

18,484

6,770

4,772

3,349

1,957

-

-

-

-

Finance lease liabilities, less current maturities

37,434

38,183

26,208

8,670

-

17,330

36,382

1,403

26,578

26,578

1,445

1,466

34

35

731

747

1,209

4,301

4,255

Duluth long-term debt, less current maturities

39,332

20,000

28,016

29,576

16,574

1,333

-

-

1,393

1,424

-

-

-

-

-

-

-

-

-

TRI long-term debt, less current maturities

27,778

27,880

-

-

28,251

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liabilities

8,505

8,732

-

-

9,722

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease obligations under build-to-suit leases

-

-

-

-

23,034

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liabilities

-

-

9,028

9,420

-

1,573

1,400

1,763

1,723

2,100

1,507

1,149

1,545

1,567

182

-

7

31

-

Deferred rent obligations, less current maturities

-

-

-

-

5,003

3,892

4,099

3,680

3,355

3,355

3,305

2,595

2,106

2,109

1,249

1,202

1,096

1,112

795

Total liabilities

297,944

365,139

280,795

268,099

135,195

181,866

125,145

110,617

83,480

83,753

133,614

61,730

45,194

42,179

56,106

35,525

25,095

30,134

32,687

Commitments and contingencies

-

-

-

-

-

0

0

0

0

-

0

0

0

0

0

0

0

0

0

Shareholders’ equity:
Preferred stock, no par value; 10,000 shares authorized; no shares issued or outstanding as of February 2, 2020 and February 3, 2019

-

-

-

-

-

0

0

0

0

-

0

0

0

0

0

0

0

0

0

Treasury stock, at cost; 19 and 5 shares as of February 2, 2020 and February 3, 2019, respectively

407

406

405

369

92

92

92

92

57

57

57

-

-

-

-

-

-

-

-

Capital stock

90,902

90,451

91,075

90,416

89,849

89,335

88,901

88,452

88,043

88,043

87,632

87,063

86,770

86,446

86,191

85,837

85,586

85,389

802

Retained earnings

87,589

63,214

63,032

61,096

70,592

49,972

53,122

46,745

48,084

48,084

28,556

29,372

25,088

24,733

10,740

10,278

6,575

3,443

36,025

Accumulated other comprehensive loss

188

214

-

-

-

-

-

-

-

-

-

-

-

-

-

-15

-21

-27

-45

Total shareholders' equity of Duluth Holdings Inc.

178,272

153,473

153,702

151,143

160,349

139,215

141,931

135,105

136,070

136,070

116,131

116,435

111,858

111,179

96,931

96,100

92,140

88,805

36,782

Noncontrolling interest

-2,166

-495

-402

-312

-239

3,436

3,362

3,287

3,279

3,279

3,202

3,532

2,938

2,609

2,583

1,817

1,752

1,681

1,480

Total shareholders' equity

176,106

152,978

153,300

150,831

160,110

142,651

145,293

138,392

138,701

139,349

119,333

119,967

114,796

113,788

99,514

97,917

93,892

90,486

38,262

Total liabilities and shareholders' equity

474,050

518,117

434,095

418,930

295,305

324,517

270,438

249,009

222,181

223,102

252,947

181,697

159,990

155,967

155,620

133,442

118,987

120,620

70,949