| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Feb'11 | Feb'10 | |
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||
Net loss attributable to common stockholders | ||||||
-2,179 | -7,889 | -2,021 | -7,436 | -32,857 | 8,308 | |
Adjustments to reconcile net loss attributable to common stockholders to net cash used in operating activities: | ||||||
Depreciation and amortization | ||||||
2,977 | 2,463 | 544 | 457 | 14,581 | 11,414 | |
Amortization of deferred finance costs | ||||||
0 | 532 | 255 | 98 | - | - | |
Write-off of costs relating to demolished asset | ||||||
0 | 0 | 1,585 | 0 | - | - | |
Stock-based compensation expense | ||||||
905 | 1,269 | 1,225 | 2,782 | - | - | |
Gain on sale of real estate | ||||||
9,521 | 0 | 3,853 | 0 | - | - | |
Deferred rents receivable | ||||||
-578 | 36 | 5 | - | - | - | |
Deferred rents receivable | ||||||
- | - | - | 343 | - | - | |
Other non-cash adjustments - pension expense | ||||||
-1,992 | 0 | 0 | 135 | - | - | |
Equity in net loss from unconsolidated joint venture | ||||||
-819 | -728 | -1,057 | -308 | - | - | |
Distribution from unconsolidated joint venture | ||||||
33 | 280 | 419 | 39 | - | - | |
(Increase) decrease in operating assets: | ||||||
Asset impairment | ||||||
- | - | - | - | 4,255 | 80 | |
Bargain purchase gain | ||||||
- | - | - | - | - | 9,714 | |
Deferred income taxes | ||||||
- | - | - | - | -22,241 | -9,316 | |
(Gain) loss on disposition of assets | ||||||
- | - | - | - | -457 | -1,168 | |
Receivables | ||||||
-1,577 | -4 | 3,197 | 189 | -576 | 1,606 | |
Merchandise inventories | ||||||
- | - | - | - | -5,640 | 8,438 | |
Prepaid expenses and other assets, net | ||||||
-278 | -286 | 2,456 | 472 | -299 | 1,827 | |
(Decrease) increase in operating liabilities: | ||||||
Accounts payable and accrued expenses | ||||||
1,649 | 975 | 212 | -1,544 | - | - | |
Pension liabilities | ||||||
-2,705 | -1,283 | -1,277 | -1,388 | - | - | |
Obligation to former Majority Shareholder | ||||||
- | - | - | -6,931 | - | - | |
Income taxes | ||||||
- | - | - | - | - | -4,409 | |
Net cash used in operating activities | ||||||
-3,597 | -2,671 | -7,512 | -14,754 | -15,558 | 26,877 | |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||
Acquisition of real estate | ||||||
0 | 81,960 | 0 | - | - | - | |
Acquistion of real estate | ||||||
- | - | - | 0 | - | - | |
Additions to real estate | ||||||
91,847 | 58,909 | 16,788 | 11,928 | - | - | |
Deferred real estate deposits | ||||||
-33,609 | -49,247 | 0 | 0 | - | - | |
Net proceeds from the sale of real estate | ||||||
18,812 | 0 | 15,232 | 0 | - | - | |
Investment in unconsolidated joint venture | ||||||
0 | 0 | 70 | 14,286 | - | - | |
Purchase of Filene's Basement | ||||||
- | - | - | - | - | 38,927 | |
Expenditures for property and equipment | ||||||
- | - | - | - | 15,540 | 12,224 | |
Proceeds from sale of land, building and other assets | ||||||
- | - | - | - | 10,764 | 54 | |
Net cash used in investing activities | ||||||
-39,426 | -91,622 | -1,626 | -26,214 | -4,776 | -51,097 | |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||
Proceeds from line of credit | ||||||
62,725 | 87,037 | 32,302 | - | - | - | |
Proceeds from loans | ||||||
- | - | - | 9,100 | - | - | |
Payment of finance costs | ||||||
1,531 | 1,820 | 5,328 | 453 | - | - | |
Repayment of loan and secured line of credit | ||||||
12,557 | 0 | 40,000 | - | - | - | |
Repayment of loan | ||||||
- | - | - | 0 | - | - | |
Cash surrender value advance | ||||||
- | - | - | - | - | 16,000 | |
Exercise of stock options | ||||||
- | - | - | - | - | 45 | |
Settlement of stock awards | ||||||
772 | 1,088 | 2,574 | 1,966 | 1,207 | - | |
Stock buy-back | ||||||
197 | 0 | 0 | - | - | - | |
Proceeds from sale of common stock, net | ||||||
0 | 0 | 40,561 | 880 | - | - | |
Borrowings/repayment on revolving credit facility (net) | ||||||
- | - | - | - | 21,790 | 8,402 | |
Net cash provided in financing activities | ||||||
47,668 | 84,129 | 24,961 | 7,561 | 20,583 | 24,447 | |
NET INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH | ||||||
4,645 | -10,164 | 15,823 | -33,407 | - | - | |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | ||||||
- | - | - | - | 249 | 227 | |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||||||
Cash paid during the period for: Interest | ||||||
12,631 | 6,969 | 2,467 | 2,073 | - | - | |
Cash paid during the period for: Interest | ||||||
- | - | - | - | -1,387 | 975 | |
Other assets | ||||||
- | - | - | - | 242 | -1,078 | |
Accounts payable | ||||||
- | - | - | - | -5,655 | 32,420 | |
Accrued expenses | ||||||
- | - | - | - | 4,867 | 5,703 | |
Obligations to customers | ||||||
- | - | - | - | 231 | - | |
Obligations to customers | ||||||
- | - | - | - | - | -160 | |
Other long term liabilities | ||||||
- | - | - | - | 8,213 | 2,176 | |
Cash paid during the period for: Taxes | ||||||
352 | 268 | 135 | 197 | 6,318 | - | |
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||||||
Adjustment to accumulated deficit for capitalized stock-based compensation expense | ||||||
- | - | - | -541 | - | - | |
Accrued development costs included in accounts payable and accrued expenses | ||||||
12,698 | 16,574 | 10,175 | 1,195 | - | - | |
Capitalized amortization of deferred financing costs and lease commissions | ||||||
2,737 | 1,986 | 487 | 345 | - | - | |
Capitalized stock-based compensation expense | ||||||
480 | 665 | 1,645 | 5,024 | - | - | |
Lease liabilities | ||||||
-2,065 | 0 | 0 | - | - | - | |
Adjustment of liability related to stock-based compensation | ||||||
- | - | - | 5,140 | - | - | |
Adjustment of accumulated deficit for capitalized stock-based compensation expense | ||||||
- | - | - | -541 | - | - | |
Income taxes (net of refunds) | ||||||
- | - | - | - | 2,702 | 506 | |