Kirkland's (KIRK) 10-Q 6 Jun 24 2025 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	May 04, 2024	May 29, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	May 04, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--02-03
Entity Registrant Name	Kirkland’s, Inc.
Entity Central Index Key	0001056285
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Shell Company	false
Entity Interactive Data Current	Yes
Entity Current Reporting Status	Yes
Entity File Number	000-49885
Entity Tax Identification Number	62-1287151
Entity Address, Address Line One	5310 Maryland Way
Entity Address, City or Town	Brentwood
Entity Address, State or Province	TN
Entity Incorporation, State or Country Code	TN
Entity Address, Postal Zip Code	37027
City Area Code	615
Local Phone Number	872-4800
Title of 12(b) Security	Common Stock
Trading Symbol	KIRK
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		13,038,978

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	May 04, 2024	Feb. 03, 2024	Apr. 29, 2023
Current assets:
Cash and cash equivalents	$ 3,836	$ 3,805	$ 7,072
Inventories, net	75,789	74,090	83,332
Prepaid expenses and other current assets	6,540	7,614	4,905
Total current assets	86,165	85,509	95,309
Property and equipment:
Equipment	19,119	19,144	19,630
Furniture and fixtures	63,516	63,823	66,115
Leasehold improvements	100,447	100,393	102,836
Computer software and hardware	78,561	78,580	82,130
Projects in progress	371	647	1,027
Property and equipment, gross	262,014	262,587	271,738
Accumulated depreciation	(234,277)	(232,882)	(235,592)
Property and equipment, net	27,737	29,705	36,146
Operating lease right-of-use assets	121,410	126,725	131,289
Other assets	7,271	8,634	7,137
Total assets	242,583	250,573	269,881
Current liabilities:
Accounts payable	39,963	46,010	38,092
Accrued expenses	23,020	23,163	25,499
Operating lease liabilities	38,590	40,018	41,173
Total current liabilities	101,573	109,191	104,764
Operating lease liabilities	94,529	99,772	110,165
Long-term debt, net	47,541	34,000	33,000
Other liabilities	4,405	4,486	3,872
Total liabilities	248,048	247,449	251,801
Shareholders’ equity:
Preferred stock, no par value, 10,000,000 shares authorized; no shares issued or outstanding at May 4, 2024, February 3, 2024, and April 29, 2023, respectively	0	0	0
Common stock, no par value; 100,000,000 shares authorized; 13,038,978; 12,926,022; and 12,812,898, shares issued and outstanding at May 4, 2024, February 3, 2024, and April 29, 2023, respectively	176,793	176,552	175,864
Accumulated deficit	(182,258)	(173,428)	(157,784)
Total shareholders' (deficit) equity	(5,465)	3,124	18,080
Total liabilities and shareholders' (deficit) equity	$ 242,583	$ 250,573	$ 269,881

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares	May 04, 2024	Feb. 03, 2024	Apr. 29, 2023
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0	$ 0	$ 0
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0	0
Preferred stock, shares outstanding (in shares)	0	0	0
Common stock, par value	$ 0	$ 0	$ 0
Common stock, shares authorized (in shares)	100,000,000	100,000,000	100,000,000
Common stock, shares issued (in shares)	13,038,978	12,926,022	12,812,898
Common stock, shares outstanding (in shares)	13,038,978	12,926,022	12,812,898

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) shares in Thousands	3 Months Ended
	May 04, 2024	Apr. 29, 2023
Income Statement [Abstract]
Net sales	$ 91,753,000	$ 96,875,000
Cost of sales	64,685,000	71,004,000
Gross profit	27,068,000	25,871,000
Operating expenses:
Compensation and benefits	19,286,000	20,039,000
Other operating expenses	14,318,000	14,738,000
Depreciation (exclusive of depreciation included in cost of sales)	961,000	1,206,000
Asset impairment	11,000	225,000
Total operating expenses	34,576,000	36,208,000
Operating loss	(7,508,000)	(10,337,000)
Interest expense	1,127,000	502,000
Other income	(116,000)	(92,000)
Loss before income taxes	(8,519,000)	(10,747,000)
Income tax expense	311,000	1,360,000
Net loss	$ (8,830,000)	$ (12,107,000)
Loss per share:
Basic	$ (0.68)	$ (0.95)
Diluted	$ (0.68)	$ (0.95)
Weighted average shares outstanding:
Basic	12,965	12,778
Diluted	12,965	12,778

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' (DEFICIT) EQUITY (UNAUDITED) - USD ($) $ in Thousands	Total	Common Stock	Accumulated Deficit
Balance, beginning of period at Jan. 28, 2023	$ 29,773	$ 175,450	$ (145,677)
Balance, beginning of period (in shares) at Jan. 28, 2023		12,754,368
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted stock issued (in shares)		86,824
Net share settlement of restricted stock units	(76)	$ (76)
Net share settlement of restricted stock units (in shares)		(28,294)
Stock-based compensation expense	490	$ 490
Net Income (Loss)	(12,107)		(12,107)
Balance, end of period at Apr. 29, 2023	$ 18,080	$ 175,864	(157,784)
Balance, end of period (in shares) at Apr. 29, 2023	12,812,898	12,812,898
Balance, beginning of period at Feb. 03, 2024	$ 3,124	$ 176,552	(173,428)
Balance, beginning of period (in shares) at Feb. 03, 2024	12,926,022	12,926,022
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted stock issued (in shares)		134,597
Net share settlement of restricted stock units	$ (51)	$ (51)
Net share settlement of restricted stock units (in shares)		(21,641)
Stock-based compensation expense	292	$ 292
Net Income (Loss)	(8,830)		(8,830)
Balance, end of period at May. 04, 2024	$ (5,465)	$ 176,793	$ (182,258)
Balance, end of period (in shares) at May. 04, 2024	13,038,978	13,038,978

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	3 Months Ended
	May 04, 2024	Apr. 29, 2023
Cash flows from operating activities:
Net loss	$ (8,830,000)	$ (12,107,000)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation of property and equipment	2,624,000	3,257,000
Amortization of debt issue costs	131,000	20,000
Asset impairment	11,000	225,000
Gain on disposal of property and equipment	(6,000)	(21,000)
Stock-based compensation expense	292,000	490,000
Changes in assets and liabilities:
Inventories, net	(1,699,000)	739,000
Prepaid expenses and other current assets	1,063,000	184,000
Accounts payable	(5,653,000)	(5,792,000)
Accrued expenses	(133,000)	(570,000)
Operating lease assets and liabilities	(1,365,000)	(1,555,000)
Other assets and liabilities	(90,000)	349,000
Net cash used in operating activities	(13,655,000)	(14,781,000)
Cash flows from investing activities:
Proceeds from sale of property and equipment	6,000	60,000
Capital expenditures	(770,000)	(846,000)
Net cash used in investing activities	(764,000)	(786,000)
Cash flows from financing activities:
Borrowings on revolving line of credit	9,000,000	21,000,000
Repayments on revolving line of credit	(4,100,000)	(3,000,000)
Borrowings on term loan	10,000,000	0
Debt issuance costs	(399,000)	(456,000)
Cash used in net share settlement of stock options and restricted stock units	(51,000)	(76,000)
Net cash provided by financing activities	14,450,000	17,468,000
Cash and cash equivalents:
Net increase	31,000	1,901,000
Beginning of the period	3,805,000	5,171,000
End of the period	3,836,000	7,072,000
Supplemental schedule of non-cash activities:
Non-cash accruals for purchases of property and equipment	390,000	844,000
Non-cash accruals for debt issuance costs	$ 860,000	$ 0

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
	May 04, 2024	Apr. 29, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (8,830)	$ (12,107)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	May 04, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Description of Business and Bas

Description of Business and Basis of Presentation	3 Months Ended
	May 04, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Basis of Presentation	Note 1 – Description of Business and Basis of Presentation Nature of business — Kirkland’s, Inc. (the “Company”, “we”, “our” or “us”) is a specialty retailer of home décor and furnishings in the United States operating 329 stores in 35 states as of May 4, 2024 , as well as an e-commerce website, www.kirklands.com, under the Kirkland’s Home brand. Principles of consolidation — The condensed consolidated financial statements of the Company include the accounts of Kirkland’s, Inc. and its wholly-owned subsidiaries, Kirkland’s Stores, Inc., Kirkland’s DC, Inc., and Kirkland’s Texas, LLC. Significant intercompany accounts and transactions have been eliminated. Basis of presentation — The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and are presented in accordance with the requirements of Form 10-Q and pursuant to the reporting and disclosure rules and regulations of the United States Securities and Exchange Commission (“SEC”). In the opinion of management, all adjustments, including normal recurring accruals, considered necessary for a fair presentation have been included. These financial statements should be read in conjunction with the audited financial statements included in the Company’s Annual Report on Form 10-K filed with the SEC on March 29, 2024. Seasonality — The results of the Company’s operations for the 13-week period ended May 4, 2024 are not indicative of the results to be expected for any other interim period or for the entire fiscal year due to seasonality factors. Fiscal year — The Company’s fiscal year ends on the Saturday closest to January 31, resulting in years of either 52 or 53 weeks. Accordingly, fiscal 2024 represents the 52 weeks ending on February 1, 2025, and fiscal 2023 represents the 53 weeks ended on February 3, 2024. Reclassifications — Certain amounts in the condensed consolidated statement of cash flows for the 13-week period ended April 29, 2023 in the operating activities section have been reclassified to conform to the current period presentation. Income taxes payable or receivable is no longer material to be presented as a separate line item and has been reclassified into prepaid and other current assets and accrued expenses. Use of estimates — The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Actual results could differ from the estimates and assumptions used. It should be understood that accounting measurements at interim dates inherently involve greater reliance on estimates than those at fiscal year-end. Changes in estimates are recognized in the period when new information becomes available to management. Areas where the nature of the estimate makes it reasonably possible that actual results could materially differ from amounts estimated include, but are not limited to, impairment assessments on long-lived assets, inventory reserves, self-insurance reserves and deferred tax asset valuation allowances. Going concern assessment and management’s plans — The Company’s revenues, results of operations and cash flows have been materially adversely impacted by strategic and macroeconomic factors during the last several fiscal quarters. The persistently challenging home furnishings retail environment, including reduced consumer spending in the category and increased price sensitivity, has significantly impacted the Company’s performance and liquidity levels. During the 13-week period ended May 4, 2024 , net sales decreased approximately $ 5.1 million compared to the 13-week period ended April 29, 2023. This decline drove gross margin and operating loss to be worse than the Company’s expectations. For the 13-week period ended May 4, 2024 , the Company reported a net loss of $ 8.8 million and net cash used in operating activities of $ 13.7 million. When conditions and events, in the aggregate, raise substantial doubt about an entity’s ability to continue as a going concern, management evaluates the mitigating effect of its plans to determine if it is probable that the plans will be effectively implemented within the assessment period and, when implemented, will mitigate the relevant conditions and events to alleviate substantial doubt. The Company’s plans are focused on improving its operating results and liquidity through sales growth and cost reductions. Subsequent to May 4, 2024, the Company decided to implement expense reductions to streamline its cost structure and improve its liquidity profile. The Company believes these actions are necessary as part of improving its profitability and liquidity trajectory, while minimizing any disruption to the Company’s focus on its strategic initiatives and the overall customer experience. The cost savings initiatives include a reduction in corporate overhead, store payroll, marketing and third-party technology expenses. The Company expects to realize approximately $ 6 million of savings in fiscal 2024 and estimates approximately $ 7 million in ongoing annual pre-tax savings from these initiatives. In addition, the Company retained an investment banking firm specializing in consumer-facing companies to serve as financial advisor to the Board of Directors in the pursuit and evaluation of potential strategic opportunities to support the Company and its initiatives. The Company has not set a deadline or definitive timetable for the completion of the strategic alternatives review process, and there can be no assurance that this process will result in any particular outcome. The Company does not intend to comment further regarding the review of strategic alternatives until it determines disclosure is necessary or advisable. The Company believes these plans will result in adequate cash flows to support its ongoing operations and to meet its covenant requirements for one year following the date these financial statements are issued. However, the Company cannot provide any assurance that its efforts will be successful, and if the Company encounters unforeseen circumstances that place further constraints on its capital resources, management will be required to take various additional measures to conserve liquidity. The accompanying unaudited condensed consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business.

Revenue Recognition

Revenue Recognition	3 Months Ended
	May 04, 2024
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Note 2 – Revenue Recognition Net sales — The Company recognizes revenue at the time of sale of merchandise to customers in its stores. E-commerce revenue is recorded at the estimated time of delivery to the customer. Net sales includes the sale of merchandise, net of returns, shipping revenue, gift card breakage revenue and revenue earned from our private label credit card program and excludes sales taxes. Sales returns reserve — The Company reduces net sales and estimates a liability for sales returns based on historical return trends, and the Company believes that its estimate for sales returns is a reasonably accurate reflection of future returns associated with past sales. However, as with any estimate, refund activity may vary from estimated amounts. The Company had a liability of approximately $ 1.2 million, $ 1.5 million and $ 1.3 million reserved for sales returns at May 4, 2024, February 3, 2024 and April 29, 2023 , respectively, included in accrued expenses on the condensed consolidated balance sheets. The related sales return reserve products recovery asset included in prepaid expenses and other current assets on the condensed consolidated balance sheets was approximately $ 528,000 , $ 710,000 and $ 590,000 at May 4, 2024, February 3, 2024, and April 29, 2023, respectively. Deferred e-commerce revenue — E-commerce revenue is deferred until the customer takes possession of the merchandise and the sale is complete, as the Company receives payment before completion of its customer obligations. Deferred revenue related to e-commerce orders that have been shipped but not estimated to be received by customers included in accrued expenses on the condensed consolidated balance sheets was approximately $ 888,000 , $ 750,000 and $ 1.2 million at May 4, 2024, February 3, 2024 and April 29, 2023 , respectively. The related contract assets, reflected in inventories, net on the condensed consolidated balance sheets, totaled approximately $ 446,000 , $ 387,000 and $ 584,000 at May 4, 2024, February 3, 2024 and April 29, 2023, respectively. Gift cards — Gift card sales are recognized as revenue when tendered for payment. While the Company honors all gift cards presented for payment, the Company determines the likelihood of redemption to be remote for certain gift card balances due to long periods of inactivity. The Company uses the redemption recognition method to account for breakage for unused gift card amounts where breakage is recognized as gift cards are redeemed for the purchase of goods based upon a historical breakage rate. In these circumstances, to the extent the Company determines there is no requirement for remitting unredeemed card balances to government agencies under unclaimed property laws, such amounts are recognized in the condensed consolidated statements of operations as a component of net sales. The table below sets forth selected gift card liability information (in thousands) for the periods indicated: May 4, 2024 February 3, 2024 April 29, 2023 Gift card liability, net of estimated breakage (included in accrued expenses) $ 11,092 $ 12,008 $ 12,444 The table below sets forth selected gift card breakage and redemption information (in thousands) for the periods indicated: 13-Week Period Ended May 4, 2024 April 29, 2023 Gift card breakage revenue (included in net sales) $ 328 $ 1,031 Gift card redemptions recognized in the current period related to amounts included in the gift card contract liability balance as of the prior period 1,458 1,701 Customer loyalty program — The Company has a loyalty program called the K-club that allows members to receive points based on qualifying purchases that are converted into certificates that may be redeemed on future purchases. This customer option is a material right and, accordingly, represents a separate performance obligation to the customer. The related loyalty program deferred revenue included in accrued expenses on the condensed consolidated balance sheets was approximately $ 1.4 million, $ 1.4 million, and $ 1.0 million at May 4, 2024, February 3, 2024 and April 29, 2023 , respectively.

Income Taxes

Income Taxes	3 Months Ended
	May 04, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Note 3 – Income Taxes For the 13-week periods ended May 4, 2024 and April 29, 2023 , the Company recorded an income tax expense of approximately $ 311,000 , or ( 3.7 )% of the loss before income taxes compared to an expense of approximately $ 1.4 million, or ( 12.7 )% of the loss before income taxes, respectively. The change in income taxes for the 13-week period ended May 4, 2024, compared to the prior year period, was primarily due to changes in valuation allowance adjustments and state income taxes. The Company recognizes deferred tax assets and liabilities using estimated future tax rates for the effect of temporary differences between the book and tax basis of recorded assets and liabilities, including net operating loss carry forwards. Management assesses the realizability of deferred tax assets and records a valuation allowance if it is more likely than not that all or a portion of the deferred tax assets will not be realized. The Company considers the probability of future taxable income and our historical profitability, among other factors, in assessing the amount of the valuation allowance. Adjustments could be required in the future if the Company estimates that the amount of deferred tax assets to be realized is more than the net amount recorded. Any change in the valuation allowance could have the effect of increasing or decreasing the income tax provision in the condensed consolidated statement of operations based on the nature of the deferred tax asset deemed realizable in the period in which such determination is made. As of May 4, 2024 and April 29, 2023 , the Company recorded a full valuation allowance against deferred tax assets.

Loss Per Share

Loss Per Share	3 Months Ended
	May 04, 2024
Earnings Per Share [Abstract]
Loss Per Share	Note 4 – Loss Per Share Basic loss per share is computed by dividing net loss by the weighted average number of shares outstanding during each period presented. Diluted loss per share is computed by dividing net loss by the weighted average number of shares outstanding plus the dilutive effect of stock equivalents outstanding during the applicable periods using the treasury stock method. Diluted loss per share reflects the potential dilution that could occur if options to purchase stock were exercised into common stock and if outstanding grants of restricted stock were vested. Stock options and restricted stock units that were not included in the computation of diluted loss per share, because to do so would have been antidilutive, were approximately 887,000 shares and 601,000 shares for the 13-week periods ended May 4, 2024 and April 29, 2023 , respectively.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	May 04, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 5 – Fair Value Measurements Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants on the measurement date. The Company uses a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include: Level 1, defined as observable inputs such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The carrying amounts of cash and cash equivalents, accounts receivable and accounts payable approximate fair value because of their short maturities. The revolving line of credit approximates fair value due to the one, three or six-month interest terms and the term loan approximates fair value due to the one-month interest terms. The Company also has a non-depleting collateral trust with the Company’s workers’ compensation and general liability insurance provider named as beneficiary. The assets in this trust are invested in financial instruments that would fall within Level 1 of the fair value hierarchy, and they are included in other assets on the consolidated balance sheets. The Company measures certain assets at fair value on a non-recurring basis, including the evaluation of long-lived assets for impairment using Company-specific assumptions, including forecasts of projected financial information that would fall within Level 3 of the fair value hierarchy. The Company uses market participant rents (Level 2 input) to calculate the fair value of right-of-use assets and discounted future cash flows of the asset or asset group using a discount rate that approximates the cost of capital of a market participant (Level 2 input) to quantify fair value for other long-lived assets. See “Note 10 — Impairment” for further discussion.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	May 04, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 6 – Commitments and Contingencies The Company was named as a defendant in a putative class action filed in May 2018 in the Superior Court of California, Miles v. Kirkland’s Stores, Inc. The case has been removed to United States District Court for the Central District of California. The complaint alleges, on behalf of Miles and all other hourly Kirkland’s employees in California, various wage and hour violations and seeks unpaid wages, statutory and civil penalties, monetary damages and injunctive relief. Kirkland’s denies the material allegations in the complaint and believes that its employment policies are generally compliant with California law. On March 22, 2022, the District Court denied the plaintiff’s motion to certify in its entirety, and on May 26, 2022, the Ninth Circuit granted the plaintiff’s petition for permission to appeal. The appeal was argued before the Ninth Circuit on November 13, 2023, and on January 8, 2024, the Court issued its opinion affirming the District Court in part and reversing in part. The Ninth Circuit affirmed the denial of certification as to the subclasses related to the security bag check and reversed as to the rest break claim. The Ninth Circuit did not find that there is liability nor that the rest break claim is certified. The District Court has scheduled a hearing on the surviving rest break claim for June 7, 2024. The Company continues to believe the case is without merit and intends to vigorously defend itself against the allegations. The Company was named as a defendant in a putative class action filed in August 2022 in the United States District Court for the Southern District of New York, Sicard v. Kirkland’s Stores, Inc. The complaint alleges, on behalf of Sicard and all other hourly store employees based in New York, that Kirkland’s violated New York Labor Law Section 191 by failing to pay him and the putative class members their wages within seven calendar days after the end of the week in which those wages were earned, rather paying wages on a bi-weekly basis. Plaintiff claims the putative class is entitled to recover from the Company the amount of their untimely paid wages as liquidated damages, reasonable attorneys’ fees and costs. The Company believes the case is without merit and intends to vigorously defend itself against the allegations. The Company is also party to other pending legal proceedings and claims that arise in the normal course of business. Although the outcome of such proceedings and claims cannot be determined with certainty, the Company’s management is of the opinion that it is unlikely that such proceedings and any claims in excess of insurance coverage will have a material effect on its consolidated financial condition, operating results or cash flows.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	May 04, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Note 7 – Stock-Based Compensation The Company maintains equity incentive plans under which it may grant non-qualified stock options, incentive stock options, restricted stock, restricted stock units, or stock appreciation rights to employees, non-employee directors and consultants. Compensation expense is recognized on a straight-line basis over the vesting periods of each grant. There have been no material changes in the assumptions used to compute compensation expense during the current year. The table below sets forth selected stock-based compensation information (in thousands, except share amounts) for the periods indicated: 13-Week Period Ended May 4, 2024 April 29, 2023 Stock-based compensation expense (included in compensation and benefits on the condensed consolidated statements of operations) $ 292 $ 490 Restricted stock units granted 299,250 301,780 Stock options granted 228,126 237,675

Share Repurchase Plan

Share Repurchase Plan	3 Months Ended
	May 04, 2024
Treasury Stock Transactions [Abstract]
Share Repurchase Plan	Note 8 – Share Repurchase Plan On January 6, 2022, the Company announced that its Board of Directors authorized a share repurchase plan providing for the purchase in the aggregate of up to $ 30.0 million of the Company’s outstanding common stock. Repurchases of shares are made in accordance with applicable securities laws and may be made from time to time in the open market or by negotiated transactions. The amount and timing of repurchases are based on a variety of factors, including stock price, regulatory limitations and other market and economic factors. The share repurchase plan does not require the Company to repurchase any specific number of shares, and the Company may terminate the repurchase plan at any time. For the 13-week periods ended May 4, 2024 and April 29, 2023, the Company did not repurchase any shares of common stock under the share repurchase plan. As of May 4, 2024 , the Company had approximately $ 26.3 million remaining under the current share repurchase plan.

Long-Term Debt

Long-Term Debt	3 Months Ended
	May 04, 2024
Debt Disclosure [Abstract]
Long-Term Debt	Note 9 – Long-Term Debt Long-term debt, net consisted of the following (in thousands): May 4, 2024 February 3, 2024 April 29, 2023 Revolving line of credit $ 38,900 $ 34,000 $ 33,000 Term loan 10,000 — — Total debt 48,900 34,000 33,000 Less unamortized debt issuance costs ( 1,359 ) — — Long-term debt, net $ 47,541 $ 34,000 $ 33,000 On March 31, 2023, the Company entered into a Third Amended and Restated Credit Agreement (the “2023 Credit Agreement”) with Bank of America, N.A., as administrative agent and collateral agent, and lender. The 2023 Credit Agreement amended the previous Second Amended and Restated Credit Agreement (the “2019 Credit Agreement”) from a $ 75.0 million senior secured revolving credit facility to a $ 90.0 million senior secured revolving credit facility. The 2023 Credit Agreement contains substantially similar terms and conditions as the 2019 Credit Agreement including a swingline availability of $ 10.0 million, a $ 25.0 million incremental accordion feature and extended its maturity date to March 2028 . The fee paid to the lenders on the unused portion of the 2023 Credit Agreement is 25 basis points when usage is greater than 50% of the facility amount; otherwise, the fee on the unused portion is 37.5 basis points per annum. On January 25, 2024, the Company entered into a First Amendment to the 2023 Credit Agreement that increased the advance rate and allowed the Company to enter into a new term loan agreement. Subsequent to January 25, 2024, advances under the 2023 Credit Agreement accrue interest at an annual rate equal to the Secured Overnight Financing Rate (“SOFR”) plus a margin of 275 basis points with no SOFR floor. Upon the demonstration that the Company’s fixed charge coverage ratio is greater than 1.0 to 1.0 on a trailing twelve-month basis, the interest rate permanently decreases on the 2023 Credit Agreement to SOFR plus a margin of 225 basis points. Prior to January 25, 2024, advances under the 2023 Credit Agreement accrued interest at an annual rate equal to SOFR plus a margin ranging from 200 to 250 basis points with no SOFR floor. The Company is subject to a Second Amended and Restated Security Agreement (“Security Agreement”) with its lenders. Pursuant to the Security Agreement, the Company pledged and granted to the administrative agent, for the benefit of itself and the secured parties specified therein, a lien on and security interest in all of the rights, title and interest in substantially all of the Company’s assets to secure the payment and performance of the obligations under the 2023 Credit Agreement. On January 25, 2024, the Company entered into a $ 12.0 million “first-in, last-out” delayed-draw asset-based term loan (the “Term Loan”) with Gordon Brothers Group, via an affiliate entity, 1903P Loan Agent, LLC, as administrative agent and lender. The indebtedness under the Term Loan is subordinated in most respects to the 2023 Credit Agreement. The Term Loan will mature in March 2028, coterminous with the 2023 Credit Agreement. From closing until the first anniversary of the closing, the interest rate of the Term Loan is one-month term SOFR, plus a margin of 9.50 %. Following the first anniversary of the closing, the interest rate will increase to one-month term SOFR, plus a margin of 11.50 %. Borrowings under the 2023 Credit Agreement and the Term Loan are subject to certain conditions and contain customary events of default, including, without limitation, failure to make payments, a cross-default to certain other debt, breaches of covenants, breaches of representations and warranties, a change in control, certain monetary judgments and bankruptcy and ERISA events. Upon any such event of default, the principal amount of any unpaid loans and all other obligations under the 2023 Credit Agreement and the Term Loan may be declared immediately due and payable. The maximum availability under the 2023 Credit Agreement and the Term Loan is limited by a borrowing base formula, which consists of a percentage of eligible inventory and eligible credit card receivables, less reserves and an excess required availability covenant, which limits the borrowing base formula by the greater of 10 % of the combined borrowing base formula or $ 8.0 million. As of May 4, 2024, the Company was in compliance with the covenants in the 2023 Credit Agreement and the Term Loan. As of May 4, 2024, there were no letters of credit outstanding under either the 2023 Credit Agreement or the Term Loan. As of May 4, 2024 , the Company had approximately $ 0.8 million available for borrowing under the 2023 Credit Agreement and the Term Loan, after the minimum required excess availability covenant. Availability under the Credit Agreement and the Term Loan fluctuates largely based on eligible inventory levels, and as eligible inventory increases in the second and third fiscal quarters in support of the Company’s back-half sales plans, the Company’s borrowing capacity increases correspondingly. Subsequent to May 4, 2024, the Company borrowed an additional $ 2.0 million under the 2023 Credit Agreement.
Subsequent Event	Subsequent to May 4, 2024, the Company borrowed an additional $ 2.0 million under the 2023 Credit Agreement.

Impairment

Impairment	3 Months Ended
	May 04, 2024
Impairment [Abstract]
Impairment	N ote 10 – Impairment The Company evaluates the recoverability of the carrying amounts of long-lived assets when events or changes in circumstances dictate that their carrying values may not be recoverable. This review includes the evaluation of individual under-performing retail stores and the assessment of the recoverability of the carrying value of the assets related to the stores. Future cash flows are projected for the remaining lease life. If the estimated future cash flows are less than the carrying value of the assets, the Company records an impairment charge equal to the difference between the assets’ fair value and carrying value. The fair value is estimated using a discounted cash flow approach, considering such factors as future sales levels, gross margins, changes in rent and other expenses as well as the overall operating environment specific to that store. The amount of the impairment charge is allocated proportionately to all assets in the asset group with no asset written down below its individual fair value. The table below sets forth impairment information (in thousands, except store counts) for the periods indicated: 13-Week Period Ended May 4, 2024 April 29, 2023 Impairment of leasehold improvements, fixtures and equipment at stores $ 11 $ 179 Impairment of other long-lived assets (1) — 46 Total impairment $ 11 $ 225 Number of stores with leasehold improvements, fixtures and equipment impairment — 2 (1) Other long-lived asset impairment includes the write-off of fixtures related to the closing of two-ecommerce distribution centers in fiscal 2023 .

New Accounting Pronouncements

New Accounting Pronouncements	3 Months Ended
	May 04, 2024
Accounting Standards Update and Change in Accounting Principle [Abstract]
New Accounting Pronouncements	N ote 11 – New Accounting Pronouncements New Accounting Pronouncements Not Yet Adopted In November 2023, the Financial Accounting Standard Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07, “Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures.” The amendment in the ASU is intended to improve reportable segment disclosure requirements primarily through enhanced disclosures about significant segment expenses. The amendments in this ASU are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, and should be applied on a retrospective basis to all periods presented. The Company is currently evaluating the impact of adoption on its financial disclosures. In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740) - Improvements to Income Tax Disclosures.” The ASU requires that an entity disclose specific categories in the effective tax rate reconciliation as well as provide additional information for reconciling items that meet a quantitative threshold. Further, the ASU requires certain disclosures of state versus federal income tax expense and taxes paid. The amendments in this ASU are required to be adopted for fiscal years beginning after December 15, 2024. Early adoption is permitted for annual financial statements that have not yet been issued. The amendments should be applied on a prospective basis although retrospective application is permitted. The Company is currently evaluating the impact of adoption on its financial disclosures.

Subsequent Event

Subsequent Event	3 Months Ended
	May 04, 2024
Subsequent Events [Abstract]
Subsequent Event	Subsequent to May 4, 2024, the Company borrowed an additional $ 2.0 million under the 2023 Credit Agreement.

Description of Business and B_2

Description of Business and Basis of Presentation (Policies)	3 Months Ended
	May 04, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Business	Nature of business — Kirkland’s, Inc. (the “Company”, “we”, “our” or “us”) is a specialty retailer of home décor and furnishings in the United States operating 329 stores in 35 states as of May 4, 2024 , as well as an e-commerce website, www.kirklands.com, under the Kirkland’s Home brand.
Principles of consolidation	Principles of consolidation — The condensed consolidated financial statements of the Company include the accounts of Kirkland’s, Inc. and its wholly-owned subsidiaries, Kirkland’s Stores, Inc., Kirkland’s DC, Inc., and Kirkland’s Texas, LLC. Significant intercompany accounts and transactions have been eliminated.
Basis of presentation	Basis of presentation — The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and are presented in accordance with the requirements of Form 10-Q and pursuant to the reporting and disclosure rules and regulations of the United States Securities and Exchange Commission (“SEC”). In the opinion of management, all adjustments, including normal recurring accruals, considered necessary for a fair presentation have been included. These financial statements should be read in conjunction with the audited financial statements included in the Company’s Annual Report on Form 10-K filed with the SEC on March 29, 2024.
Seasonality	Seasonality — The results of the Company’s operations for the 13-week period ended May 4, 2024 are not indicative of the results to be expected for any other interim period or for the entire fiscal year due to seasonality factors.
Fiscal year	Fiscal year — The Company’s fiscal year ends on the Saturday closest to January 31, resulting in years of either 52 or 53 weeks. Accordingly, fiscal 2024 represents the 52 weeks ending on February 1, 2025, and fiscal 2023 represents the 53 weeks ended on February 3, 2024.
Reclassifications	Reclassifications — Certain amounts in the condensed consolidated statement of cash flows for the 13-week period ended April 29, 2023 in the operating activities section have been reclassified to conform to the current period presentation. Income taxes payable or receivable is no longer material to be presented as a separate line item and has been reclassified into prepaid and other current assets and accrued expenses.
Use of estimates	Use of estimates — The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Actual results could differ from the estimates and assumptions used. It should be understood that accounting measurements at interim dates inherently involve greater reliance on estimates than those at fiscal year-end. Changes in estimates are recognized in the period when new information becomes available to management. Areas where the nature of the estimate makes it reasonably possible that actual results could materially differ from amounts estimated include, but are not limited to, impairment assessments on long-lived assets, inventory reserves, self-insurance reserves and deferred tax asset valuation allowances.
Going concern assessment and managements plans	Going concern assessment and management’s plans — The Company’s revenues, results of operations and cash flows have been materially adversely impacted by strategic and macroeconomic factors during the last several fiscal quarters. The persistently challenging home furnishings retail environment, including reduced consumer spending in the category and increased price sensitivity, has significantly impacted the Company’s performance and liquidity levels. During the 13-week period ended May 4, 2024 , net sales decreased approximately $ 5.1 million compared to the 13-week period ended April 29, 2023. This decline drove gross margin and operating loss to be worse than the Company’s expectations. For the 13-week period ended May 4, 2024 , the Company reported a net loss of $ 8.8 million and net cash used in operating activities of $ 13.7 million. When conditions and events, in the aggregate, raise substantial doubt about an entity’s ability to continue as a going concern, management evaluates the mitigating effect of its plans to determine if it is probable that the plans will be effectively implemented within the assessment period and, when implemented, will mitigate the relevant conditions and events to alleviate substantial doubt. The Company’s plans are focused on improving its operating results and liquidity through sales growth and cost reductions. Subsequent to May 4, 2024, the Company decided to implement expense reductions to streamline its cost structure and improve its liquidity profile. The Company believes these actions are necessary as part of improving its profitability and liquidity trajectory, while minimizing any disruption to the Company’s focus on its strategic initiatives and the overall customer experience. The cost savings initiatives include a reduction in corporate overhead, store payroll, marketing and third-party technology expenses. The Company expects to realize approximately $ 6 million of savings in fiscal 2024 and estimates approximately $ 7 million in ongoing annual pre-tax savings from these initiatives. In addition, the Company retained an investment banking firm specializing in consumer-facing companies to serve as financial advisor to the Board of Directors in the pursuit and evaluation of potential strategic opportunities to support the Company and its initiatives. The Company has not set a deadline or definitive timetable for the completion of the strategic alternatives review process, and there can be no assurance that this process will result in any particular outcome. The Company does not intend to comment further regarding the review of strategic alternatives until it determines disclosure is necessary or advisable. The Company believes these plans will result in adequate cash flows to support its ongoing operations and to meet its covenant requirements for one year following the date these financial statements are issued. However, the Company cannot provide any assurance that its efforts will be successful, and if the Company encounters unforeseen circumstances that place further constraints on its capital resources, management will be required to take various additional measures to conserve liquidity. The accompanying unaudited condensed consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	May 04, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Gift Card Liability, Breakage and Redemption Information	The table below sets forth selected gift card liability information (in thousands) for the periods indicated: May 4, 2024 February 3, 2024 April 29, 2023 Gift card liability, net of estimated breakage (included in accrued expenses) $ 11,092 $ 12,008 $ 12,444 The table below sets forth selected gift card breakage and redemption information (in thousands) for the periods indicated: 13-Week Period Ended May 4, 2024 April 29, 2023 Gift card breakage revenue (included in net sales) $ 328 $ 1,031 Gift card redemptions recognized in the current period related to amounts included in the gift card contract liability balance as of the prior period 1,458 1,701

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	May 04, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	The table below sets forth selected stock-based compensation information (in thousands, except share amounts) for the periods indicated: 13-Week Period Ended May 4, 2024 April 29, 2023 Stock-based compensation expense (included in compensation and benefits on the condensed consolidated statements of operations) $ 292 $ 490 Restricted stock units granted 299,250 301,780 Stock options granted 228,126 237,675

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
	May 04, 2024
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	Long-term debt, net consisted of the following (in thousands): May 4, 2024 February 3, 2024 April 29, 2023 Revolving line of credit $ 38,900 $ 34,000 $ 33,000 Term loan 10,000 — — Total debt 48,900 34,000 33,000 Less unamortized debt issuance costs ( 1,359 ) — — Long-term debt, net $ 47,541 $ 34,000 $ 33,000

Impairment (Tables)

Impairment (Tables)	3 Months Ended
	May 04, 2024
Impairment [Abstract]
Schedule of Impairment Information	The table below sets forth impairment information (in thousands, except store counts) for the periods indicated: 13-Week Period Ended May 4, 2024 April 29, 2023 Impairment of leasehold improvements, fixtures and equipment at stores $ 11 $ 179 Impairment of other long-lived assets (1) — 46 Total impairment $ 11 $ 225 Number of stores with leasehold improvements, fixtures and equipment impairment — 2 (1) Other long-lived asset impairment includes the write-off of fixtures related to the closing of two-ecommerce distribution centers in fiscal 2023 .

Description of Business and B_3

Description of Business and Basis of Presentation - Additional Information (Details) $ in Thousands	3 Months Ended
	May 04, 2024 USD ($) State Store	Apr. 29, 2023 USD ($)
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of home decor and gifts store | Store	329
Number of states | State	35
Increase decrease in net sales	$ 5,100
Net Income (Loss)	(8,830)	$ (12,107)
Net cash used in operating activities	13,655	$ 14,781
Amount of expects to realize of saving	6,000
Annual pre-tax savings	$ 7,000

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Details) - USD ($)	May 04, 2024	Feb. 03, 2024	Apr. 29, 2023
Revenue From Contract With Customer [Line Items]
Liability for sales returns	$ 1,200,000	$ 1,500,000	$ 1,300,000
Sales return reserve products recovery asset	528,000	710,000	590,000
Deferred e-commerce revenue	888,000	750,000	1,200,000
Contract assets in inventory	446,000	387,000	584,000
Customer Loyalty Program
Revenue From Contract With Customer [Line Items]
Deferred revenue	$ 1,400,000	$ 1,400,000	$ 1,000,000

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Gift Card Liability, Breakage and Redemption Information (Details) - USD ($) $ in Thousands	3 Months Ended
	May 04, 2024	Apr. 29, 2023	Feb. 03, 2024
Revenue from Contract with Customer [Abstract]
Gift card liability, net of estimated breakage (included in accrued expenses)	$ 11,092	$ 12,444	$ 12,008
Gift card breakage revenue (included in net sales)	328	1,031
Gift card redemptions recognized in the current period related to amounts included in the gift card contract liability balance as of the prior period	$ 1,458	$ 1,701

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	3 Months Ended
	May 04, 2024	Apr. 29, 2023
Income Tax Disclosure [Abstract]
Income tax expense	$ 311,000	$ 1,360,000
Effective tax rate	(3.70%)	(12.70%)

Loss Per Share - Additional Inf

Loss Per Share - Additional Information (Details) - shares	3 Months Ended
	May 04, 2024	Apr. 29, 2023
Earnings Per Share [Abstract]
Stock options and restricted stock units not included in the computation of diluted (loss) earnings per share (in shares)	887,000	601,000

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock-Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended
	May 04, 2024	Apr. 29, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense	$ 292	$ 490
Stock options granted	228,126	237,675
Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted	299,250	301,780

Share Repurchase Plan - Additio

Share Repurchase Plan - Additional Information (Details) - USD ($) $ in Millions	May 04, 2024	Jan. 06, 2022
Treasury Stock Transactions [Abstract]
Share repurchase plan, authorized amount		$ 30
Share repurchase plan, remaining authorized amount	$ 26.3

Long-Term Debt - Schedule of Lo

Long-Term Debt - Schedule of Long-Term Long-term debt (Details) - USD ($) $ in Thousands	May 04, 2024	Feb. 03, 2024	Apr. 29, 2023
Debt Disclosure [Abstract]
Revolving line of credit	$ 38,900	$ 34,000	$ 33,000
Term loan	10,000	0	0
Long-Term Debt, Gross	48,900	34,000	33,000
Less unamortized debt issuance costs	(1,359)	0	0
Long-term debt, net	$ 47,541	$ 34,000	$ 33,000

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Details) - USD ($) $ in Thousands			3 Months Ended
	May 04, 2024	Jan. 25, 2024	May 04, 2024	Apr. 29, 2023	Feb. 03, 2024	Mar. 31, 2023
Line of Credit Facility [Line Items]
Line of credit facility, interest rate description			The fee paid to the lenders on the unused portion of the 2023 Credit Agreement is 25 basis points when usage is greater than 50% of the facility amount; otherwise, the fee on the unused portion is 37.5 basis points per annum.
Percentage used in minimum excess availability calculation	10%		10%
Revolving line of credit	$ 38,900		$ 38,900	$ 33,000	$ 34,000
Borrowings on revolving line of credit			9,000	$ 21,000
Maximum
Line of Credit Facility [Line Items]
Floor value of the minimum excess availability calculation	8,000		8,000
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Available borrowing capacity of line of credit facility	800		$ 800
Extended Maturity [Member] | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Term Loan maturity			March 2028
2023 Credit Agreements [Member]
Line of Credit Facility [Line Items]
Borrowings on revolving line of credit	2,000
2023 Credit Agreements [Member] | Revolving Credit Facility [Member] | Minimum
Line of Credit Facility [Line Items]
Coverage Ratio		100%
Percentage of fee on unused portion of the facility			0.25%
2023 Credit Agreements [Member] | Revolving Credit Facility [Member] | Maximum
Line of Credit Facility [Line Items]
Coverage Ratio		100%
Percentage of fee on unused portion of the facility			0.375%
2023 Credit Agreements [Member] | Revolving Credit Facility [Member] | Secured Overnight Financing Rate (SOFR) [Member]
Line of Credit Facility [Line Items]
Percentage of margin of the interest rate permanently decreases		2.25%
2023 Credit Agreements [Member] | Revolving Credit Facility [Member] | Effect After the Period [Member]
Line of Credit Facility [Line Items]
Interest at an annual rate equal to LIBOR plus a margin range		2.75%
2023 Credit Agreements [Member] | Revolving Credit Facility [Member] | Effect Prior to Period [Member] | Minimum
Line of Credit Facility [Line Items]
Interest at an annual rate equal to LIBOR plus a margin range		2%
2023 Credit Agreements [Member] | Revolving Credit Facility [Member] | Effect Prior to Period [Member] | Maximum
Line of Credit Facility [Line Items]
Interest at an annual rate equal to LIBOR plus a margin range		2.50%
Secured credit facility | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Swingline availability	10,000		$ 10,000
Incremental accordion feature	25,000		25,000
Secured credit facility | 2019 Credit Agreement [Member]
Line of Credit Facility [Line Items]
Line of credit facility maximum borrowing capacity						$ 75,000
Secured credit facility | 2019 Credit Agreement [Member] | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of credit facility maximum borrowing capacity	$ 90,000		$ 90,000
Term Loan Credit Agreement [Member]
Line of Credit Facility [Line Items]
Line of credit facility maximum borrowing capacity		$ 12,000
Term Loan Credit Agreement [Member] | Secured Overnight Financing Rate (SOFR) [Member]
Line of Credit Facility [Line Items]
Interest at an annual rate equal to LIBOR plus a margin range		9.50%
Term Loan Credit Agreement [Member] | Effect After the Period [Member] | Secured Overnight Financing Rate (SOFR) [Member]
Line of Credit Facility [Line Items]
Interest at an annual rate equal to LIBOR plus a margin range		11.50%

Impairment - Schedule of Impair

Impairment - Schedule of Impairment Information (Details) $ in Thousands		3 Months Ended
		May 04, 2024 USD ($) Store	Apr. 29, 2023 USD ($) Store
Impairment [Abstract]
Impairment of leasehold improvements, fixtures and equipment at stores		$ 11	$ 179
Impairment of other long-lived assets	[1]	0	46
Total impairment		$ 11	$ 225
Number of stores with leasehold improvements, fixtures and equipment impairment | Store		0	2
[1] Other long-lived asset impairment includes the write-off of fixtures related to the closing of two-ecommerce distribution centers in fiscal 2023

Subsequent Event - Additional I

Subsequent Event - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	May 04, 2024	Apr. 29, 2023
Subsequent Event [Line Items]
Borrowings on revolving line of credit	$ 9,000	$ 21,000