XML 37 R12.htm IDEA: XBRL DOCUMENT v3.19.2
Commitments and Contingencies
6 Months Ended
Aug. 03, 2019
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies
(6)
Commitments and Contingencies
Commitments
Other contractual commitments
As of August 3, 2019, the Company has other purchase commitments of approximately $3.4 million consisting of purchase agreements for materials that will be used in the construction of new stores.
During the thirteen weeks ended May 4, 2019, the Company completed the purchase of an approximately 700,000 square foot build-to-suit distribution center in Forsyth, Georgia for approximately $42 million, for land and building, to support the Company's anticipated growth.
During the thirteen weeks ended August 3, 2019, the Company signed a purchase agreement to acquire land and a construction agreement to build a distribution center located in Conroe, Texas, which the Company expects will be approximately 860,000 square feet, for approximately $47 million, for land and building, to support the Company’s anticipated growth. Subsequent to the thirteen weeks ended August 3, 2019, the Company closed on the land purchase. The Company expects to occupy the distribution center in Conroe, Texas in 2020.
Contingencies
Legal Matters
From time to time, the Company is involved in certain legal actions arising in the ordinary course of business. In management’s opinion, the outcome of such actions will not have a material adverse effect on the Company’s financial condition or results of operations.