Document and Entity DEI Information - shares |
6 Months Ended | |
---|---|---|
Aug. 04, 2018 |
Sep. 10, 2018 |
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Document and Entity Information | ||
Entity Registrant Name | DAVIDsTEA Inc. | |
Entity Central Index Key | 0001627606 | |
Document Type | 10-Q | |
Document Period End Date | Aug. 04, 2018 | |
Document Fiscal Year Focus | 2018 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --02-02 | |
Entity Current Reporting Status | Yes | |
Entity Filer Category | Accelerated Filer | |
Entity Common Stock, Shares Outstanding | 25,996,629 |
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- Definition If the value is true, then the document is an amendment to previously-filed/accepted document. No definition available.
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- Definition End date of current fiscal year in the format --MM-DD. No definition available.
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- Definition This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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- Definition This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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- Definition The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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- Definition The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other". No definition available.
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- Definition A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument. No definition available.
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- Definition Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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CONSOLIDATED BALANCE SHEETS - CAD ($) $ in Thousands |
Aug. 04, 2018 |
Feb. 03, 2018 |
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Current | ||
Cash | $ 39,623 | $ 63,484 |
Accounts and other receivables | 3,201 | 3,131 |
Inventories | 33,680 | 24,450 |
Income tax receivable | 5,869 | 2,968 |
Prepaid expenses and deposits | 9,233 | 7,712 |
Derivative financial instruments | 425 | |
Total current assets | 92,031 | 101,745 |
Property and equipment | 32,422 | 36,558 |
Intangible assets | 6,640 | 4,439 |
Deferred income tax assets | 6,287 | 5,194 |
Total assets | 137,380 | 147,936 |
Current | ||
Trade and other payables | 16,079 | 14,392 |
Deferred revenue | 4,986 | 5,186 |
Current portion of provisions | 5,278 | 4,693 |
Derivative financial instruments | 229 | |
Total current liabilities | 26,343 | 24,500 |
Deferred rent and lease inducements | 8,806 | 8,608 |
Provisions | 12,406 | 13,460 |
Total liabilities | 47,555 | 46,568 |
Equity | ||
Share capital | 112,481 | 111,692 |
Contributed surplus | 1,160 | 2,642 |
Deficit | (25,639) | (14,721) |
Accumulated other comprehensive income | 1,823 | 1,755 |
Total equity | 89,825 | 101,368 |
Total liabilities and equity | $ 137,380 | $ 147,936 |
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- Definition The amount of accumulated items of income and expense (including reclassification adjustments) that are not recognised in profit or loss as required or permitted by other IFRSs. [Refer: IFRSs [member]; Other comprehensive income] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of resources: (a) controlled by the entity as a result of past events; and (b) from which future economic benefits are expected to flow to the entity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of assets that the entity (a) expects to realise or intends to sell or consume in its normal operating cycle; (b) holds primarily for the purpose of trading; (c) expects to realise within twelve months after the reporting period; or (d) classifies as cash or cash equivalents (as defined in IAS 7) unless the asset is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period. [Refer: Assets] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount of current derivative financial assets. [Refer: Derivative financial assets] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of current derivative financial liabilities. [Refer: Derivative financial liabilities] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of liabilities that: (a) the entity expects to settle in its normal operating cycle; (b) the entity holds primarily for the purpose of trading; (c) are due to be settled within twelve months after the reporting period; or (d) the entity does not have an unconditional right to defer settlement for at least twelve months after the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount of current prepayments. [Refer: Prepayments] Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount of current provisions. [Refer: Provisions] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The current amount of current tax assets. [Refer: Current tax assets] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of deferred income classified as current. [Refer: Deferred income] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of residual interest in the assets of the entity after deducting all its liabilities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount of the entity's equity and liabilities. [Refer: Equity; Liabilities] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of identifiable non-monetary assets without physical substance. This amount does not include goodwill. [Refer: Goodwill] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of current inventories. [Refer: Inventories] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The nominal value of capital issued. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount of present obligations of the entity arising from past events, the settlement of which is expected to result in an outflow from the entity of resources embodying economic benefits. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of deferred tax assets net of deferred tax liabilities, when the absolute amount of deferred tax assets is greater than the absolute amount of deferred tax liabilities. [Refer: Deferred tax assets; Deferred tax liabilities] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of non-current provisions. [Refer: Provisions] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of tangible assets that: (a) are held for use in the production or supply of goods or services, for rental to others, or for administrative purposes; and (b) are expected to be used during more than one period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of rent deferred income classified as non-current. [Refer: Rent deferred income] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition A component of equity representing the entity's cumulative undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount received or receivable from the issuance of the entity's shares in excess of nominal value. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount of current trade payables and current other payables. [Refer: Current trade payables; Other current payables] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of trade receivables and other receivables. [Refer: Trade receivables; Other receivables] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The weighted average number of ordinary shares outstanding plus the weighted average number of ordinary shares that would be issued on the conversion of all the dilutive potential ordinary shares into ordinary shares. [Refer: Ordinary shares [member]; Weighted average [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of profit (loss) attributable to ordinary equity holders of the parent entity (the numerator) divided by the weighted average number of ordinary shares outstanding during the period (the denominator). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- References No definition available.
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- Definition The amount of change in equity resulting from transactions and other events, other than those changes resulting from transactions with owners in their capacity as owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of costs relating to expenses directly or indirectly attributed to the goods or services sold, which may include, but are not limited to, costs previously included in the measurement of inventory that has now been sold, unallocated production overheads and abnormal amounts of production costs of inventories. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of profit (loss) attributable to ordinary equity holders of the parent entity (the numerator), divided by the weighted average number of ordinary shares outstanding during the period (the denominator), both adjusted for the effects of all dilutive potential ordinary shares. [Refer: Ordinary shares [member]; Weighted average [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount of costs associated with financing activities of the entity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of income associated with interest and other financing activities of the entity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The gains (losses) recognised in other comprehensive income on change in value of forward elements of forward contracts, before tax. [Refer: Other comprehensive income] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of revenue less cost of sales. [Refer: Cost of sales; Revenue] Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The aggregate amount included in the determination of profit (loss) for the period in respect of current tax and deferred tax that relate to continuing operations. [Refer: Continuing operations [member]; Current tax expense (income); Deferred tax expense (income)] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of income tax relating to amounts recognised in other comprehensive income that will be reclassified to profit or loss. [Refer: Income tax relating to components of other comprehensive income] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of income and expense (including reclassification adjustments) that is not recognised in profit or loss as required or permitted by IFRSs. [Refer: IFRSs [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The profit (loss) attributable to owners of the parent. [Refer: Profit (loss)] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The profit (loss) from continuing operations before tax expense or income. [Refer: Profit (loss)] Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The profit (loss) from operating activities of the entity. [Refer: Profit (loss)] Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount of reclassification adjustments related to change in value of forward elements of forward contracts, before tax. Reclassification adjustments are amounts reclassified to profit (loss) in the current period that were recognised in other comprehensive income in the current or previous periods. [Refer: Other comprehensive income] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of reclassification adjustments related to exchange differences when the financial statements of foreign operations are translated, before tax. Reclassification adjustments are amounts reclassified to profit (loss) in the current period that were recognised in other comprehensive income in the current or previous periods. [Refer: Other comprehensive income] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of revenue arising from the sale of goods. [Refer: Revenue] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of expense relating to selling, general and administrative activities of the entity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The number of ordinary shares outstanding at the beginning of the period, adjusted by the number of ordinary shares bought back or issued during the period multiplied by a time-weighting factor. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- References No definition available.
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- References No definition available.
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- Definition The cash inflow from interest received, classified within operating, investing, and financing activities. No definition available.
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- Definition Adjustments for amortisation expense to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss); Depreciation and amortisation expense] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Adjustments for deferred tax expense to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Deferred tax expense (income); Profit (loss)] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Adjustments for depreciation expense to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss)] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Adjustments for finance costs to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Finance costs; Profit (loss)] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Adjustments for gain (loss) on disposals of property, plant and equipment to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss); Property, plant and equipment; Disposals, property, plant and equipment] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Adjustments for impairment loss (reversal of impairment loss) on property, plant and equipment recognised in profit or loss to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Adjustments for impairment loss (reversal of impairment loss) recognised in profit or loss; Property, plant and equipment] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Adjustments for increase (decrease) in deferred income to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Deferred income; Profit (loss)] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Adjustments for increases in other provisions arising from the passage of time to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss); Other provisions [member]] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Adjustments for provisions to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Provisions; Profit (loss)] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Adjustments for share-based payments to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss)] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The cash flows from (used in) financing activities, which are activities that result in changes in the size and composition of the contributed equity and borrowings of the entity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The cash flows from (used in) investing activities, which are the acquisition and disposal of long-term assets and other investments not included in cash equivalents. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The cash flows from (used in) operating activities, which are the principal revenue-producing activities of the entity and other activities that are not investing or financing activities. [Refer: Revenue] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The cash inflow (outflow) from the entity's operations before changes in working capital. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The cash outflow for income taxes paid, classified as operating activities. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The cash inflow from income taxes refunded, classified as operating activities. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The increase (decrease) in cash and cash equivalents before the effect of exchange rate changes on cash and cash equivalents held in foreign currencies. [Refer: Cash and cash equivalents; Effect of exchange rate changes on cash and cash equivalents] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The increase (decrease) in working capital. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The cash inflow from the exercise of options. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The total of income less expenses, excluding the components of other comprehensive income. [Refer: Other comprehensive income] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The cash outflow for the purchases of intangible assets, classified as investing activities. [Refer: Intangible assets other than goodwill] Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The cash outflow for the purchases of property, plant and equipment, classified as investing activities. [Refer: Property, plant and equipment] Reference 1: http://www.xbrl.org/2003/role/exampleRef
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CONSOLIDATED STATEMENTS OF EQUITY (DEFICIENCY) - CAD ($) $ in Thousands |
Share Capital. |
Contributed Surplus. |
Deficit. |
Accumulated Other Comprehensive Income. |
Accumulated Derivative Financial Instrument Adjustment |
Accumulated Foreign Currency Translation Adjustment |
Total |
---|---|---|---|---|---|---|---|
Balance, beginning of period at Jan. 28, 2017 | $ 263,828 | $ 8,833 | $ (142,398) | $ 3,187 | $ 333 | $ 2,854 | $ 133,450 |
Change in equity | |||||||
Net loss for the period | (5,925) | (5,925) | |||||
Other comprehensive income (loss) | (2,746) | (1,854) | (892) | (2,746) | |||
Total comprehensive income (loss) | (5,925) | (2,746) | (1,854) | (892) | (8,671) | ||
Issuance of common shares | 2,434 | (828) | 1,606 | ||||
Common shares issued on vesting of restricted stock units | 704 | (1,219) | 118 | (397) | |||
Stock-based compensation expense | 1,376 | 1,376 | |||||
Income tax impact associated with stock options | (82) | (82) | |||||
Reduction of stated capital | (155,947) | 155,947 | |||||
Balance, end of period at Jul. 29, 2017 | 111,019 | 8,080 | 7,742 | 441 | (1,521) | 1,962 | 127,282 |
Balance, beginning of period at Feb. 03, 2018 | 111,692 | 2,642 | (14,721) | 1,755 | (167) | 1,922 | 101,368 |
Change in equity | |||||||
Net loss for the period | (11,200) | (11,200) | |||||
Other comprehensive income (loss) | 68 | 479 | (411) | 68 | |||
Total comprehensive income (loss) | (11,200) | 68 | 479 | (411) | (11,132) | ||
Issuance of common shares | 153 | (79) | 74 | ||||
Common shares issued on vesting of restricted stock units | 636 | (1,305) | 282 | (387) | |||
Stock-based compensation expense | (98) | (98) | |||||
Income tax impact associated with stock options | 0 | 0 | |||||
Balance, end of period at Aug. 04, 2018 | $ 112,481 | $ 1,160 | $ (25,639) | $ 1,823 | $ 312 | $ 1,511 | $ 89,825 |
X | ||||||||||
- Definition The increase (decrease) in equity for shares issued for vested restricted stock units. No definition available.
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- Definition The increase (decrease) in equity resulting from issuance of common shares (other than those issued in a public offering). No definition available.
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- References No definition available.
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- Definition The amount of change in equity resulting from transactions and other events, other than those changes resulting from transactions with owners in their capacity as owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The decrease (increase) in equity resulting from tax on transactions in which the entity: (a) receives goods or services from the supplier of those goods or services (including an employee) in a share-based payment arrangement; or (b) incurs an obligation to settle the transaction with the supplier in a share-based payment arrangement when another group entity receives those goods or services. [Refer: Share-based payment arrangements [member]] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of residual interest in the assets of the entity after deducting all its liabilities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The increase (decrease) in equity resulting from share-based payment transactions. [Refer: Equity] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The increase (decrease) in equity resulting from transactions with owners. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of income and expense (including reclassification adjustments) that is not recognised in profit or loss as required or permitted by IFRSs. [Refer: IFRSs [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The profit (loss) attributable to owners of the parent. [Refer: Profit (loss)] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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CORPORATE INFORMATION |
6 Months Ended |
---|---|
Aug. 04, 2018 | |
CORPORATE INFORMATION | |
CORPORATE INFORMATION | 1. CORPORATE INFORMATION
The unaudited condensed interim consolidated financial statements of DAVIDsTEA Inc. and its subsidiary (collectively, the “Company”) for the three and six-month periods ended August 4, 2018 were authorized for issue in accordance with a resolution of the Board of Directors on September 13, 2018. The Company is incorporated and domiciled in Canada and its shares are publicly traded on the NASDAQ Global Market under the symbol “DTEA”. The registered office is located at 5430 Ferrier St., Town of Mount-Royal, Québec, Canada, H4P 1M2.
The Company is engaged in the retail and online sale of tea, tea accessories and food and beverages in Canada and the United States. The results of operations for the interim period are not necessarily indicative of the results of operations for the full year. Sales fluctuate from quarter to quarter. Sales are traditionally higher in the fourth fiscal quarter due to the year-end holiday season, and tend to be lowest in the second and third fiscal quarters because of lower customer traffic during the summer months. |
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- References No definition available.
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- Definition The disclosure of the authorisation of financial statements for issue. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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STATEMENT OF COMPLIANCE AND BASIS OF PREPARATION |
6 Months Ended |
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Aug. 04, 2018 | |
STATEMENT OF COMPLIANCE AND BASIS OF PREPARATION | |
STATEMENT OF COMPLIANCE AND BASIS OF PREPARATION | 2. STATEMENT OF COMPLIANCE AND BASIS OF PREPARATION
These unaudited condensed interim consolidated financial statements have been prepared in accordance with IAS 34, “Interim Financial Reporting” as issued by the International Accounting Standards Board (“IASB”). Accordingly, these financial statements do not include all of the financial statement disclosures required for annual financial statements and should be read in conjunction with the Company’s audited consolidated financial statements for the year ended February 3, 2018, which have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the IASB. In management’s opinion, the unaudited condensed interim consolidated financial statements reflect all the adjustments that are necessary for a fair presentation of the results for the interim period presented. These unaudited condensed interim consolidated financial statements have been prepared using the accounting policies and methods of computation as outlined in note 3 of the consolidated financial statements for the year ended February 3, 2018. |
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- References No definition available.
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- Definition The entire disclosure for general information about financial statements. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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CHANGES IN ACCOUNTING POLICIES |
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CHANGES IN ACCOUNTING POLICIES | 3. CHANGES IN ACCOUNTING POLICIES
As of February 4, 2018, the Company adopted IFRS 9, “Financial Instruments” (“IFRS 9”). IFRS 9 replaces IAS 39 Financial Instruments: Recognition and Measurement for annual periods beginning on or after January 1, 2018, bringing together all three aspects of the accounting for financial instruments: classification and measurement; impairment; and hedge accounting.
With the exception of hedge accounting, which the Company applied prospectively, the Company has applied IFRS 9 retrospectively, with the initial application date of February 4, 2018.
Overall, there was no material impact on the Company’s consolidated financial statements.
There has been no significant impact caused by the new classification of financial assets under IFRS 9. The classification of all financial liabilities as financial liabilities at amortized cost remains unchanged as well as their measurement resulting from their classification.
As of February 4, 2018, the Company adopted IFRS 15, “Revenue from Contracts with Customers” (“IFRS 15”). IFRS 15 replaces IAS 11, “Construction Contracts”, and IAS 18, “Revenue”, as well as various interpretations regarding revenue. This standard introduces a single model for recognizing revenue that applies to all contracts with customers, except for contracts that are within the scope of standards on leases, insurance and financial instruments. This standard also requires enhanced disclosures. Adoption of IFRS 15 is mandatory and is effective for annual periods beginning on or after January 1, 2018. The implementation of IFRS 15 impacts the allocation of revenue that is deferred in relation to the Company’s customer loyalty award programs. Prior to adoption, revenue was allocated to the customer loyalty awards using the residual fair value method. Under IFRS 15, consideration is allocated between the loyalty program awards and the goods on which the awards were earned, based on their relative stand-alone selling prices. The change in allocation of revenue that is deferred in relation to the Company’s customer loyalty program does not have a material impact on retained earnings as at February 4, 2018. Overall, there was not a material impact on the Company’s consolidated financial statements.
As of February 4, 2018, the Company adopted International Financial Reporting Interpretations (“IFRIC”) 22, “Foreign Currency Transactions and Advance Consideration” (“IFRIC 22”). In December 2016, the IASB issued IFRIC 22, which addresses how to determine the date of the transaction for the purpose of determining the exchange rate to use on initial recognition of the related asset, expense or income (or part of it) and on the derecognition of a non-monetary asset or non-monetary liability arising from the payment or receipt of advance consideration in a foreign currency. IFRIC 22 is effective for annual periods beginning on or after January 1, 2018. There was no material impact on the Company’s consolidated financial statements.
Information on significant new accounting standards and amendments issued but not yet adopted is described below.
IFRS 16, “Leases” (“IFRS 16”) replaces IAS 17, “Leases”. This standard provides a single model for leases abolishing the current distinction between finance and operating leases, with most leases being recognized on the balance sheet. Certain exemptions will apply for short-term leases and leases of low value assets. The new standard will be effective for annual periods beginning on or after January 1, 2019 with early application permitted. The Company has performed a preliminary assessment of the potential impact of the adoption of IFRS 16 on its consolidated financial statements. The Company expects the adoption of IFRS 16 will have a significant impact as the Company will recognize new assets and liabilities for its operating leases of retail stores. In addition, the nature and timing of expenses related to those leases will change as IFRS 16 replaces the straight-line operating lease expense with a depreciation charge for right-of use assets and interest expense on lease liabilities. The Company has not yet determined which transition method it will apply or whether it will use the optional exemptions or practical expedients under the standard. The Company expects to disclose additional detailed information, including its transition method, any practical expedients elected and estimated quantitative financial effects, before the adoption of IFRS 16.
IFRIC 23, “Uncertainty over Income Tax Treatments”, was issued by the IASB in June 2017. IFRIC 23 provides guidance on the accounting for current and deferred tax liabilities and assets in circumstances in which there is uncertainty over income tax treatments. IFRIC 23 is effective for annual periods beginning on or after January 1, 2019. Earlier application is permitted. IFRIC 23 requires an entity to:
The Company does not expect a material impact from the adoption of IFRIC 23 on its consolidated financial statements. |
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- References No definition available.
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- Definition The entire disclosure for significant accounting policies applied by the entity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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SIGNIFICANT ACCOUNTING JUDGEMENTS, ESTIMATES AND ASSUMPTIONS |
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SIGNIFICANT ACCOUNTING JUDGEMENTS, ESTIMATES AND ASSUMPTIONS | |
SIGNIFICANT ACCOUNTING JUDGEMENTS, ESTIMATES AND ASSUMPTIONS | 4. SIGNIFICANT ACCOUNTING JUDGMENTS, ESTIMATES AND ASSUMPTIONS
The preparation of condensed interim consolidated financial statements requires management to make estimates and assumptions using judgments that affect the application of accounting policies and the reported amounts of assets and liabilities, income and expense during the reporting period. Estimates and other judgments are continually evaluated and are based on management’s experience and other factors, including expectations about future events that are believed to be reasonable under the circumstances. Actual results may differ from those estimates.
In preparing these unaudited condensed interim consolidated financial statements, critical judgments made by management in applying the Company’s accounting policies and the key sources of estimation uncertainty were the same as those referred to in note 5 of the consolidated financial statements for the year ended February 3, 2018
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- References No definition available.
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- Definition The disclosure of judgements that management has made in the process of applying the entity's accounting policies that have the most significant effect on amounts recognised in the financial statements along with information about the assumptions that the entity makes about the future, and other major sources of estimation uncertainty at the end of the reporting period, that have a significant risk of resulting in a material adjustment to the carrying amounts of assets and liabilities within the next year. [Refer: Carrying amount [member]] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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INVENTORIES |
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INVENTORIES | 5. INVENTORIES
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- References No definition available.
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- Definition The entire disclosure for inventories. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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PROPERTY AND EQUIPMENT |
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PROPERTY AND EQUIPMENT | |
PROPERTY AND EQUIPMENT |
6. PROPERTY AND EQUIPMENT
For the three and six months ended August 4, 2018, an assessment of impairment indicators was performed which caused the Company to review the recoverable amount of the property and equipment for certain cash generating units (“CGUs”) with an indication of impairment. CGUs reviewed included stores performing below the Company’s expectations.
As a result, for the three and six months ended August 4, 2018, an impairment loss of $2,560 [July 29, 2017 — $3,179] related to store leasehold improvements, furniture and equipment, and computer hardware was recorded in the Canada and U.S. segments for $2,371 and $189, respectively [July 29, 2017 — nil and $3,179, respectively]. These losses were determined by comparing the carrying amount of the CGU’s net assets with their respective recoverable amounts based on value in use. Value in use of nil [July 29, 2017 — nil] was determined based on management’s best estimate of expected future cash flows from use over the remaining lease terms, considering historical experience as well as current economic conditions, and was then discounted using a pre-tax discount rate of 11.9% [July 29, 2017 — 13.4%]. A reversal of impairment occurs when previously impaired CGUs see improved financial results. For the three and six months ended August 4, 2018, no impairment losses were reversed [July 29, 2017 — $866 reversed in the U.S. segment, with value in use of $848]. Impairment losses are reversed only to the extent that the carrying amounts of the CGU’s net assets do not exceed the carrying amount that would have been determined, net of depreciation, if no impairment loss had been recognized.
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- Definition The entire disclosure for property, plant and equipment. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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PROVISIONS |
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PROVISIONS | 7. PROVISIONS
Provisions for onerous contracts have been recognized in respect of store leases where the unavoidable costs of meeting the obligations under the lease agreements exceed the economic benefits expected to be received from the contract. The unavoidable costs reflect the present value of the lower of the expected cost of terminating the contract and the expected net cost of operating under the contract.
During the six-month period ended August 4, 2018, due to changes to assumptions, additions to the onerous provision were recorded in the amount of $2,151 [July 29, 2017 — $458], while the provision for other stores were partially or fully reversed by an amount of $259 [July 29, 2017 — $1,985]. |
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- Definition The disclosure of provisions. [Refer: Provisions] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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REVOLVING FACILITY |
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REVOLVING FACILITY | 8. REVOLVING FACILITY
On June 11, 2018, the Company amended its existing Credit Agreement (the “Amended Credit Agreement”) with the Bank of Montreal (“BMO”). The Amended Credit Agreement provides for a two-year revolving facility (“Amended Revolving Facility”) in the principal amount of $15.0 million or the equivalent in U.S. dollars, repayable at any time, two years from June 11, 2018, with no accordion feature. Borrowings under the Amended Revolving Facility may not exceed the lesser of the total commitment for the revolving facility and the borrowing base, calculated as 75% of the face value of all eligible receivables plus 50% of the estimated value of all eligible inventory, less any priority payables.
The Amended Credit Agreement subjects the Company to certain financial covenants entered into between the Company and BMO. Without the prior written consent of BMO, the Company’s fixed charge coverage ratio may not be less than 1.10:1.00 and the Company’s leverage ratio may not exceed 3.00:1:00. In addition, the Company’s net tangible worth may not be less than $65,000 and the Company’s minimum excess availability must not be less than $15.0 million. The Amended Revolving Facility bears interest based on the Company’s adjusted leverage ratio, at the bank’s prime rate, U.S. bank rate and LIBOR plus a range from 0.5% to 2.5% per annum. A standby fee range of 0.3% to 0.5% will be paid on the daily principal amount of the unused portion of the Amended Revolving Facility.
The credit facility also contains non-financial covenants that, among other things and subject to certain exceptions, restrict the Company’s ability to become guarantor or endorser or otherwise become liable upon any note or other obligation other than in the normal course of business. The Company also cannot make any dividend payments.
As at August 4, 2018 and February 3, 2018, the Company did not have any borrowings under the Amended Revolving Facility. |
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- Definition The disclosure of borrowings. [Refer: Borrowings] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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SHARE CAPITAL |
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SHARE CAPITAL | 9. SHARE CAPITAL
Authorized
An unlimited number of Common shares.
Issued and outstanding
During the three and six-month periods ended August 4, 2018, 78,135 and 78,135 stock options, respectively, were exercised for 78,135 common shares for cash proceeds of $74 and $74, respectively, and 36,418 common shares for a non-cash settlement of $121 and $121, respectively [July 29, 2017 — 195,773 and 412,773 stock options, respectively, for cash proceeds of $791 and $1,606, respectively]. During the three and six-month periods ended August 4, 2018, the carrying value of common shares includes $79 and $79, respectively [July 29, 2017 — $175 and $828, respectively], which corresponds to a reduction in contributed surplus associated with options exercised during the period.
In addition, during the three and six-month periods ended August 4, 2018, 39,752 and 69,540 common shares, respectively [July 29, 2017 – 27,896 and 56,001 common shares, respectively] were issued in relation to the vesting of restricted stock units (“RSU”), resulting in an increase in share capital of $379 and $636, net of tax, respectively [July 29, 2017 – $436 and $704, respectively] and a reduction in contributed surplus of $712 and $1,305, respectively [July 29, 2017 — $665 and $1,219, respectively].
During the three and six-month periods ended July 29, 2017, the shareholders of the Company approved a resolution to reduce the stated capital maintained in respect of the common shares by an amount of $155,947, which resulted in a corresponding reduction of the deficit.
Stock-based compensation
As at August 4, 2018, 737,406 common shares remain available for issuance under the 2015 Omnibus Incentive Plan.
No stock options were granted during the six-month period ended August 4, 2018. For the six-month period ended July 29, 2017, the weighted average fair value of options granted of $2.39 was estimated using the Black Scholes option pricing model, using the following assumptions:
Expected volatility was estimated using historical volatility of similar companies whose share prices were publicly available.
A summary of the status of the Company’s stock option plan and changes during the six-month period is presented below.
For the six-month period ended August 4, 2018, the weighted average share price at the date of exercise for stock options exercised was $4.66 [July 29, 2017 — $8.84].
A summary of the status of the Company’s RSU plan and changes during the six-month period is presented below.
During the three and six-month periods ended August 4, 2018, the Company recognized a net reversal of stock-based compensation of $393 and $98, respectively [July 29, 2017 — stock-based compensation expense of $802 and $1,374, respectively]. |
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- Definition The disclosure of classes of share capital and share-based payment arrangements. No definition available.
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- References No definition available.
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INCOME TAXES |
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INCOME TAXES | 10. INCOME TAXES
Income tax expense is recognized based on management’s best estimate of the weighted average annual income tax rate expected for the full fiscal year.
A reconciliation of the statutory income tax rate to the effective tax rate is as follows:
A breakdown of the income tax provision (recovery) on the interim consolidated statement of income (loss) is as follows:
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- Definition The entire disclosure for income taxes. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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SELLING, GENERAL AND ADMINISTRATION EXPENSES |
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SELLING, GENERAL AND ADMINISTRATION EXPENSES | 11. SELLING, GENERAL AND ADMINISTRATION EXPENSES
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- Definition The disclosure of expenses. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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EARNINGS PER SHARE |
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EARNINGS PER SHARE | 12. EARNINGS PER SHARE
Basic earnings per share (“EPS”) amounts are calculated by dividing the net income (loss) for the period attributable to ordinary equity holders by the weighted average number of ordinary shares outstanding during the period. Diluted EPS amounts are calculated by dividing the net income (loss) attributable to ordinary equity holders (after adjusting for dividends) by the weighted average number of ordinary shares outstanding during the period plus the weighted average number of ordinary shares that would be issued on conversion of all the dilutive potential ordinary shares into ordinary shares, unless these would be anti‑dilutive.
The following reflects the loss and share data used in the basic and diluted EPS computations:
As a result of the net loss during the three and six-month periods ended August 4, 2018, the stock options and restricted stock units disclosed in Note 9 are anti-dilutive. |
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- Definition The entire disclosure for earnings per share. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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RELATED PARTY DISCLOSURES |
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RELATED PARTY DISCLOSURES | 13. RELATED PARTY DISCLOSURES
Other than the reimbursement of third-party costs described below incurred in connection with the proxy contest which culminated at the Company’s annual meeting held on June 14, 2018, there have been no significant changes in related party transactions from those disclosed in the Company’s audited annual consolidated financial statements for the year ended February 3, 2018.
During the three and six months ended August 4, 2018, the Company purchased merchandise from a company controlled by one of its executive employees amounting to $33 and $97, respectively [July 29, 2017 — nil].
During the three and six months ended August 4, 2018, the Company reimbursed Rainy Day Investments Ltd. (“Rainy Day Investments”), a controlling shareholder, $957 for third-party costs incurred by it in connection with the proxy contest, as approved by the independent members of the Board of Directors of the Company. This amount is included in selling, general and administration expenses. |
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- References No definition available.
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- Definition The disclosure of transactions between the entity and its related parties. [Refer: Related parties [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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SEGMENT INFORMATION |
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SEGMENT INFORMATION | 14. SEGMENT INFORMATION
An operating segment is a component of the Company that engages in business activities from which it may earn revenues and incur expenses. The Company has reviewed its operations and determined that each of its retail stores represents an operating segment. However, because its retail stores have similar economic characteristics, sell similar products, have similar types of customers, and use similar distribution channels, the Company has determined that these operating segments can be aggregated at a geographic level. As a result, the Company has concluded that it has two reportable segments, Canada and the U.S., that derive their revenues from the retail and online sale of tea, tea accessories and food and beverages. The Company’s Chief Executive Officer (the chief operating decision maker or “CODM”) makes decisions about resource allocation and assesses performance at the country level, and for which discrete financial information is available.
The Company derives revenue from the following products:
Property and equipment and intangible assets by country are as follows:
During the fourth quarter of Fiscal 2017, the Company changed the measure of profit used by the CODM in measuring performance. Management believes that the new measure, being results from operating activities before corporate expenses by country, excluding intercompany profit, is the most relevant in evaluating results. The Company has retroactively revised the results by segment for the three and six-month periods ended July 29, 2017. Results from operating activities before corporate expenses per country are as follows:
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- Definition The entire disclosure for operating segments. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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FINANCIAL RISK MANAGEMENT |
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FINANCIAL RISK MANAGEMENT | 15. FINANCIAL RISK MANAGEMENT
The Company’s activities expose it to a variety of financial risks, including risks related to foreign exchange, interest rate, liquidity and credit.
Currency risk — foreign exchange risk
Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. Given that some of its purchases are denominated in U.S. dollars, the Company is exposed to foreign exchange risk. The Company’s foreign exchange risk is largely limited to currency fluctuations between the Canadian and U.S. dollars. The Company is exposed to currency risk through its cash, accounts receivable and accounts payable denominated in U.S. dollars.
Assuming that all other variables remain constant, a revaluation of these monetary assets and liabilities due to a 5% rise or fall in the Canadian dollar against the U.S. dollar would have resulted in an increase or decrease to net income (loss) in the amount of $105.
The Company’s foreign exchange exposure is as follows:
The Company’s U.S. subsidiary’s transactions are denominated in U.S. dollars.
In order to protect itself from the risk of losses should the value of the Canadian dollar decline in relation to the U.S. dollar, the Company has entered into forward contracts to fix the exchange rate of 80% to 90% of its expected U.S. dollar inventory purchasing requirements, through September 2018. A forward foreign exchange contract is a contractual agreement to buy a specific currency at a specific price and date in the future. The Company designated the forward contracts as cash flow hedging instruments under IFRS 9. This has resulted in mark-to-market foreign exchange adjustments, for qualifying hedged instruments, being recorded as a component of other comprehensive income (loss) for the three and six-month periods ended August 4, 2018. As at August 4, 2018, the designated portion of these hedges was considered effective.
The nominal and contract values of foreign exchange contracts outstanding as at August 4, 2018 are as follows:
The nominal and contract values of foreign exchange contracts outstanding as at July 29, 2017 are as follows:
Market risk — interest rate risk
Interest rate risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Financial instruments that potentially subject the Company to cash flow interest rate risk include financial assets with variable interest rates and consists of cash. The Company is exposed to cash flow risk on its Amended Revolving Facility which bears interest at variable interest rates (Note 8). As at August 4, 2018, the Company did not have any borrowings under the Amended Revolving Facility.
Liquidity risk
Liquidity risk is the risk that the Company will encounter difficulty in meeting obligations associated with financial liabilities. The Company’s approach to managing liquidity risk is to ensure, to the extent possible, that it will always have sufficient liquidity to meet liabilities when due. The Company’s liquidity follows a seasonal pattern based on the timing of inventory purchases and capital expenditures. The Company is exposed to this risk mainly in respect of its trade and other payables.
As at August 4, 2018, the Company had $39,623 in cash.
The Company expects to finance its growth in store base, its store renovations and infrastructure investments through cash flows from operations and cash on hand. The Company expects that its trade and other payables will be discharged within 90 days.
Credit risk
The Company is exposed to credit risk resulting from the possibility that counterparties may default on their financial obligations to the Company. The Company’s maximum exposure to credit risk at the reporting date is equal to the carrying value of accounts receivable and derivative financial instruments. Accounts receivable primarily consist of receivables from retail customers who pay by credit card, recoveries of credits from suppliers for returned or damaged products, and receivables from other companies for sales of products, gift cards and other services. Credit card payments have minimal credit risk and the limited number of corporate receivables is closely monitored. The terms of foreign currency forward contracts included in derivative financial instruments have been negotiated to match the terms of the forecasted inventory purchase transactions. Both contractual parties have fully cash-collateralized the foreign currency forward contracts, and therefore, effectively eliminated any credit risk associated with the contracts (both the counterparty’s and the Company’s own credit risk).
Fair values
Financial assets and financial liabilities are measured on an ongoing basis at fair value or amortized cost, based on the guidance provided in IFRS 9 and as disclosed in Note 3 in these unaudited condensed interim consolidated financial statements for the three and six-month periods ended August 4, 2018. The fair values of derivative financial instruments have been determined by reference to forward exchange rates at the end of the reporting period and classified in Level 2 of the fair value hierarchy.
The Company enters into its foreign currency forward contracts with financial institutions with investment grade credit ratings. Foreign currency forward contracts are valued using valuation techniques with market observable inputs. The most frequently applied valuation techniques include forward pricing, using present value calculations. The models incorporate various inputs including the credit quality of counterparties, foreign exchange spot and forward rates, yield curves of the respective currencies, currency basis spreads between the respective currencies, interest rate curves and forward rate curves of the underlying commodity. All foreign currency forward contracts are fully cash collateralized, thereby mitigating both the counterparty and the Company’s non-performance risk.
There were no transfers between Level 1, Level 2 and Level 3 of the fair value hierarchy during the three and six-month periods ended August 4, 2018, or the three and six-month periods ended July 29, 2017. |
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- References No definition available.
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- Definition The disclosure of information that enables users of financial statements to evaluate the nature and extent of risks arising from financial instruments to which the entity is exposed. [Refer: Financial instruments, class [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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COMPARATIVE FIGURES |
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COMPARATIVE FIGURES | |
COMPARATIVE FIGURES | 16. COMPARATIVE FIGURES
Certain comparative figures have been reclassified to conform to the presentation adopted in the current year. |
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- Definition n/a No definition available.
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- Definition The entire disclosure for comparative figures. No definition available.
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CHANGES IN ACCOUNTING POLICIES (Tables) |
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Carrying amount of financial assets |
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- Definition The disclosure of financial assets. [Refer: Financial assets] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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INVENTORIES (Tables) |
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Schedule of Inventory |
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- Definition Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, supplies or commodities held for future sale or to be used in manufacturing, servicing or production process. No definition available.
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PROVISIONS (Tables) |
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Schedule of reconciliation of provisions |
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- Definition The disclosure of other provisions. [Refer: Other provisions] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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SHARE CAPITAL (Tables) |
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Summary of authorized, issued, and outstanding shares |
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Summary of fair value assumptions for share options granted |
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Summary of stock option plan and periodic changes |
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Summary of the status of the RSU plan and periodic changes |
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- Definition The disclosure of the number and weighted average exercise prices of other equity instruments (ie other than share options). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The disclosure of the number and weighted average exercise prices of share options. [Refer: Weighted average [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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INCOME TAXES (Tables) |
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Schedule of the reconciliation of the statutory income tax rate to the effective tax rate |
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Schedule of the breakdown of the income tax provision (recovery) |
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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. No definition available.
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic statutory tax rates to pretax income from continuing operations. No definition available.
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SELLING, GENERAL AND ADMINISTRATION EXPENSES (Tables) |
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Schedule of selling, general and administrative expenses |
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- Definition The disclosure of expenses by nature. [Refer: Expenses, by nature] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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EARNINGS PER SHARE (Tables) |
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Schedule of reconciliation of basic and diluted EPS |
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- Definition The disclosure of earnings per share. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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SEGMENT INFORMATION (Tables) |
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SEGMENT INFORMATION | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of revenue by product |
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Schedule of property and equipment and intangible assets by country |
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Schedule of gross profit per country |
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- Definition The disclosure of geographical information. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The disclosure of operating segments. [Refer: Operating segments [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The disclosure of the entity's products and services. [Refer: Products and services [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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FINANCIAL RISK MANAGEMENT (Tables) |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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FINANCIAL RISK MANAGEMENT | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of foreign exchange exposure |
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Summary of nominal and contract values of foreign exchange contracts | The nominal and contract values of foreign exchange contracts outstanding as at August 4, 2018 are as follows:
The nominal and contract values of foreign exchange contracts outstanding as at July 29, 2017 are as follows:
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X | ||||||||||
- Definition The disclosure of detailed information about hedging instruments. [Refer: Hedging instruments [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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X | ||||||||||
- References No definition available.
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X | ||||||||||
- Definition The disclosure of summary quantitative data about the entity's exposure to risks arising from financial instruments. This disclosure shall be based on the information provided internally to key management personnel of the entity, for example, the entity’s board of directors or chief executive officer. [Refer: Financial instruments, class [member]; Key management personnel of entity or parent [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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X | ||||||||||
- Definition Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table. No definition available.
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X | ||||||||||
- Definition The amount of assets that are: (a) cash; (b) an equity instrument of another entity; (c) a contractual right: (i) to receive cash or another financial asset from another entity; or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially favourable to the entity; or (d) a contract that will, or may be, settled in the entity’s own equity instruments and is: (i) a non-derivative for which the entity is, or may be, obliged to receive a variable number of the entity’s own equity instruments; or (ii) a derivative that will, or may be, settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity’s own equity instruments. For this purpose the entity’s own equity instruments do not include puttable financial instruments classified as equity instruments in accordance with paragraphs 16A-16B of IAS 32, instruments that impose on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation and are classified as equity instruments in accordance with paragraphs 16C-16D of IAS 32, or instruments that are contracts for the future receipt or delivery of the entity’s own equity instruments. [Refer: Financial instruments, class [member]; Financial liabilities] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Details
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- Details
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- Details
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- Details
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- Details
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- Details
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- Details
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INVENTORIES - By Class (Details) - CAD ($) $ in Thousands |
Aug. 04, 2018 |
Feb. 03, 2018 |
---|---|---|
INVENTORIES | ||
Finished goods | $ 26,157 | $ 17,600 |
Goods in transit | 3,620 | 4,608 |
Packaging | 3,903 | 2,242 |
Total current inventories | $ 33,680 | $ 24,450 |
X | ||||||||||
- References No definition available.
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X | ||||||||||
- Definition A classification of current inventory representing the amount of inventories in transit. [Refer: Inventories] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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X | ||||||||||
- Definition A classification of current inventory representing the amount of packaging and storage materials. [Refer: Inventories] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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X | ||||||||||
- Definition A classification of current inventory representing the amount of goods that have completed the production process and are held for sale in the ordinary course of business. [Refer: Inventories] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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X | ||||||||||
- Definition The amount of current inventories. [Refer: Inventories] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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PROPERTY AND EQUIPMENT - Impairment losses (Details) - CAD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Aug. 04, 2018 |
Jul. 29, 2017 |
Aug. 04, 2018 |
Jul. 29, 2017 |
|
Impairments and other information | ||||
Impairment of property and equipment | $ 2,560 | $ 3,179 | $ 2,560 | $ 3,179 |
Value in use | $ 0 | $ 0 | $ 0 | $ 0 |
Pre-tax weighted average cost of capital rate | 11.90% | 13.40% | 11.90% | 13.40% |
U. S. | ||||
Impairments and other information | ||||
Impairment of property and equipment | $ 189 | $ 3,179 | $ 189 | $ 3,179 |
U. S. | CGUs | ||||
Impairments and other information | ||||
Value in use | 848 | 848 | ||
Reversal of impairment loss | 866 | 866 | ||
Canada | ||||
Impairments and other information | ||||
Impairment of property and equipment | $ 2,371 | $ 0 | $ 2,371 | $ 0 |
X | ||||||||||
- References No definition available.
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X | ||||||||||
- Definition The discount rate used in the current estimate of the present value of the future cash flows expected to be derived from an asset or cash-generating unit. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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X | ||||||||||
- Definition The amount of impairment loss recognised in profit or loss for property, plant and equipment. [Refer: Impairment loss recognised in profit or loss; Property, plant and equipment] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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X | ||||||||||
- Definition The higher of an asset’s (or cash-generating unit’s) fair value less costs of disposal and its value in use. [Refer: Cash-generating units [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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X | ||||||||||
- Definition The amount of reversal of impairment loss recognised in profit or loss for property, plant and equipment. [Refer: Reversal of impairment loss recognised in profit or loss; Property, plant and equipment] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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PROVISIONS - Change in provisions (Details) - CAD ($) $ in Thousands |
6 Months Ended | ||
---|---|---|---|
Aug. 04, 2018 |
Jul. 29, 2017 |
Feb. 03, 2018 |
|
Reconciliation of changes in provisions for onerous contracts | |||
Additions | $ 458 | ||
Reversals | $ (1,985) | ||
Less: Current portion | $ (5,278) | $ (4,693) | |
Long-term portion of provisions | 12,406 | $ 13,460 | |
Onerous contracts | |||
Reconciliation of changes in provisions for onerous contracts | |||
Opening balance | 18,153 | ||
Additions | 2,151 | ||
Reversals | (259) | ||
Utilization | (2,694) | ||
Settlements | (658) | ||
Accretion expense | 117 | ||
Cumulative translation adjustment | 874 | ||
Ending balance | 17,684 | ||
Less: Current portion | (5,278) | ||
Long-term portion of provisions | $ 12,406 |
X | ||||||||||
- Definition The cash payments (ie incurrent and charged against the provision) for other provisions. [Refer: Other provisions] No definition available.
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X | ||||||||||
- Definition The amount of current provisions. [Refer: Provisions] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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X | ||||||||||
- Definition The increase (decrease) in other provisions resulting from a change in discount rate. [Refer: Other provisions] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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X | ||||||||||
- Definition The increase (decrease) in other provisions resulting from foreign currency exchange rate changes on provisions measured in a currency different from the entity's presentation currency. [Refer: Other provisions] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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X | ||||||||||
- Definition The increase in other provisions through adjustments arising from the passage of time. [Refer: Other provisions] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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X | ||||||||||
- Definition The amount of non-current provisions. [Refer: Provisions] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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X | ||||||||||
- Definition The amount of provisions other than provisions for employee benefits. [Refer: Provisions] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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X | ||||||||||
- Definition The amount used (ie incurrent and charged against the provision) for other provisions. [Refer: Other provisions] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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X | ||||||||||
- References No definition available.
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X | ||||||||||
- Definition The amount reversed for unused other provisions. [Refer: Other provisions] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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X | ||||||||||
- Details
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X | ||||||||||
- Definition Fees, expressed as a percentage of the line of credit facility, for available but unused credit capacity under the credit facility. No definition available.
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X | ||||||||||
- Definition Represents the ratio of consolidated total debt to consolidated adjusted earnings before, interest, taxes, depreciation and amortization allowed under the terms of the senior credit facilities' covenants No definition available.
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X | ||||||||||
- Definition Represents the amount of minimum excess availability by terms of debt covenants. No definition available.
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X | ||||||||||
- Definition Represents the amount of tangible net worth required to be maintained by terms of debt covenants. Tangible net worth is defined as total tangible assets less total liabilities. No definition available.
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X | ||||||||||
- References No definition available.
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X | ||||||||||
- Definition Represents the ratio of (Earnings before interest, depreciation and amortization minus unfunded capital expenditures and distributions) divided by total debt service (annual principal and interest payments) which is necessary to be maintained under debt covenant terms. No definition available.
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X | ||||||||||
- Definition Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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X | ||||||||||
- Definition The percentage of face value of all eligible inventory. No definition available.
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X | ||||||||||
- Definition The percentage of face value of all eligible receivables. No definition available.
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X | ||||||||||
- Definition The amount of outstanding funds that the entity is obligated to repay. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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X | ||||||||||
- Definition The adjustment to the basis (reference rate) used for calculation of the interest rate on borrowings. [Refer: Borrowings] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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X | ||||||||||
- Definition The basis (reference rate) used for calculation of the interest rate on borrowings. [Refer: Borrowings] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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SHARE CAPITAL - Shares Authorized (Details) |
6 Months Ended |
---|---|
Aug. 04, 2018 | |
SHARE CAPITAL | |
Number of shares authorised, unlimited | Unlimited |
X | ||||||||||
- References No definition available.
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X | ||||||||||
- References No definition available.
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X | ||||||||||
- Definition The increase (decrease) in equity for shares issued for vested restricted stock units. No definition available.
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X | ||||||||||
- Definition The increase (decrease) in the number of shares issued in equity for vested restricted stock units. No definition available.
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X | ||||||||||
- Definition The increase (decrease) in the number of shares issued in equity resulting from the exercise of options. No definition available.
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X | ||||||||||
- Definition The increase (decrease) in equity resulting from issuance of common shares (other than those issued in a public offering). No definition available.
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X | ||||||||||
- Definition The amount of residual interest in the assets of the entity after deducting all its liabilities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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X | ||||||||||
- Definition The increase (decrease) in equity resulting from the exercise of options. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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X | ||||||||||
- Definition The increase (decrease) in equity resulting from transactions with owners. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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X | ||||||||||
- Definition The number of shares issued by the entity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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X | ||||||||||
- References No definition available.
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
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SHARE CAPITAL - Stock-based compensation general information (Details) |
Aug. 04, 2018
shares
|
---|---|
Stock-based compensation | |
Maximum number of shares available for issuance | 737,406 |
Stock options | |
Stock-based compensation | |
Stock options granted | 0 |
X | ||||||||||
- Definition The maximum number of shares (or other type of equity) originally approved (usually by shareholders and board of directors), net of any subsequent amendments and adjustments, for awards under the equity-based compensation plan. As stock or unit options and equity instruments other than options are awarded to participants, the shares or units remain authorized and become reserved for issuance under outstanding awards (not necessarily vested). No definition available.
|
X | ||||||||||
- Definition The difference between the maximum number of shares (or other type of equity) authorized for issuance under the plan (including the effects of amendments and adjustments), and the sum of: 1) the number of shares (or other type of equity) already issued upon exercise of options or other equity-based awards under the plan; and 2) shares (or other type of equity) reserved for issuance on granting of outstanding awards, net of cancellations and forfeitures, if applicable. No definition available.
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X | ||||||||||
- Definition Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table. No definition available.
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X | ||||||||||
- Details
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SHARE CAPITAL - Weighted average fair value (Details) |
6 Months Ended |
---|---|
Jul. 29, 2017
CAD ($)
item
| |
Weighted average share price and fair value assumptions, Black-Scholes option pricing model | |
Weighted average fair value of options granted (in dollars per share) | $ 2.39 |
Risk-free interest rate (as a percent) | 1.79% |
Expected volatility (as a percent) | 27.40% |
Expected option life (in years) | item | 4.0 |
Expected dividend yield (as a percent) | 0.00% |
Exercise price (in dollars per share) | $ 9.76 |
X | ||||||||||
- References No definition available.
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X | ||||||||||
- Definition The expected volatility of the share price used to calculate the fair value of the share options granted. Expected volatility is a measure of the amount by which a price is expected to fluctuate during a period. The measure of volatility used in option pricing models is the annualised standard deviation of the continuously compounded rates of return on the share over a period of time. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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X | ||||||||||
- Definition The option life of share options granted. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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X | ||||||||||
- Definition The implied yield currently available on zero-coupon government issues of the country in whose currency the exercise price for share options granted is expressed, with a remaining term equal to the expected term of the option being valued (based on the option's remaining contractual life and taking into account the effects of expected early exercise). [Refer: Government [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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X | ||||||||||
- Definition The exercise price of share options granted. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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X | ||||||||||
- Definition The percentage of an expected dividend used to calculate the fair value of share options granted. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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X | ||||||||||
- Definition The weighted average share price used as input to the option pricing model to calculate the fair value of share options granted. [Refer: Option pricing model [member]; Weighted average [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
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X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
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X | ||||||||||
- Definition The number of share options outstanding in a share-based payment arrangement. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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X | ||||||||||
- Definition The number of share options exercisable in a share-based payment arrangement. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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X | ||||||||||
- Definition The number of share options exercised in a share-based payment arrangement. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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X | ||||||||||
- Definition The number of share options forfeited in a share-based payment arrangement. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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X | ||||||||||
- Definition The number of share options granted in a share-based payment arrangement. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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X | ||||||||||
- Definition The weighted average exercise price of share options exercisable in a share-based payment arrangement. [Refer: Weighted average [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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X | ||||||||||
- Definition The weighted average exercise price of share options exercised in a share-based payment arrangement. [Refer: Weighted average [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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X | ||||||||||
- Definition The weighted average exercise price of share options forfeited in a share-based payment arrangement. [Refer: Weighted average [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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X | ||||||||||
- Definition The weighted average exercise price of share options granted in a share-based payment arrangement. [Refer: Weighted average [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- Definition The weighted average share price at the date of exercise for share options that are exercised in a share-based payment arrangement. [Refer: Share-based payment arrangements [member]; Weighted average [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- Definition The weighted average exercise price of share options outstanding in a share-based payment arrangement. [Refer: Weighted average [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
SHARE CAPITAL - RSUs (Details) - RSUs |
6 Months Ended | |
---|---|---|
Aug. 04, 2018
CAD ($)
item
shares
|
Jul. 29, 2017
CAD ($)
item
shares
|
|
Change in RSUs outstanding | ||
Outstanding, beginning of period (in shares) | item | 289,416 | 252,233 |
Granted (in shares) | item | 476,450 | 279,437 |
Forfeited (in shares) | item | (244,296) | (26,369) |
Vested (in shares) | item | (69,540) | (56,001) |
Vested, withheld for tax (in shares) | shares | (67,512) | (44,133) |
Outstanding, end of period (in shares) | item | 384,518 | 405,167 |
Change in the Weighted average fair value per unit | ||
Outstanding, beginning of period (in dollars per share) | $ 9.70 | $ 12.42 |
Granted (in dollars per share) | 3.10 | 8.79 |
Forfeitures (in dollars per share) | 6.81 | 9.70 |
Vested (in dollars per share) | 9.12 | 12.83 |
Vested, withheld for tax (in dollars per share) | (8.97) | 11.82 |
Outstanding, end of period (in dollars per share) | $ 5.30 | $ 10.10 |
X | ||||||||||
- Definition The number of other equity instruments (ie other than share options) exercised or vested and withheld for tax in a share-based payment arrangement. No definition available.
|
X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
X | ||||||||||
- Definition The weighted average exercise price of other equity instruments (ie other than share options) exercised or vested and withheld for tax in a share-based payment arrangement. No definition available.
|
X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
X | ||||||||||
- Definition The number of other equity instruments (ie other than share options) granted in a share-based payment arrangement. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- Definition The number of other equity instruments (ie other than share options) exercised or vested in a share-based payment arrangement. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
X | ||||||||||
- Definition The number of other equity instruments (ie other than share options) forfeited in a share-based payment arrangement. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
X | ||||||||||
- Definition The number of other equity instruments (ie other than share options) outstanding in a share-based payment arrangement. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
X | ||||||||||
- Definition The weighted average exercise price of other equity instruments (ie other than share options) exercised or vested in a share-based payment arrangement. [Refer: Weighted average [member]] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
X | ||||||||||
- Definition The weighted average exercise price of other equity instruments (ie other than share options) forfeited in a share-based payment arrangement. [Refer: Weighted average [member]] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
X | ||||||||||
- Definition The weighted average exercise price of other equity instruments (ie other than share options) granted in a share-based payment arrangement. [Refer: Weighted average [member]] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
X | ||||||||||
- Definition The weighted average exercise price of other equity instruments (ie other than share options) outstanding in a share-based payment arrangement. [Refer: Weighted average [member]] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
X | ||||||||||
- Details
|
SHARE CAPITAL - Compensation Expense (Details) - CAD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Aug. 04, 2018 |
Jul. 29, 2017 |
Aug. 04, 2018 |
Jul. 29, 2017 |
|
SHARE CAPITAL | ||||
Stock-based compensation expense | $ 802 | $ 1,374 | ||
Net reversal of Stock-based compensation | $ 393 | $ 98 |
X | ||||||||||
- Definition The amount of income arising from a reversal of equity-settled share-based payment transactions in which the goods or services received did qualify for recognition as assets. No definition available.
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The amount of expense arising from equity-settled share-based payment transactions in which the goods or services received did not qualify for recognition as assets. [Refer: Expense from share-based payment transactions in which goods or services received did not qualify for recognition as assets] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
INCOME TAXES - Reconciliation of Statutory Tax Rate (Details) - CAD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Aug. 04, 2018 |
Jul. 29, 2017 |
Aug. 04, 2018 |
Jul. 29, 2017 |
|
Statutory income tax rate reconciliation, percent | ||||
Income tax recovery - statutory rate (as a percent) | 26.90% | 26.50% | 26.90% | 26.50% |
Non-deductible items (as a percent) | 1.00% | (2.90%) | 0.40% | (4.50%) |
Other (as a percent) | 3.50% | 0.00% | ||
Income tax provision (recovery) - effective tax rate (as a percent) | 27.90% | 27.10% | 27.30% | 22.00% |
Statutory income tax rate reconciliation, amount | ||||
Income tax provision — statutory rate | $ (3,726) | $ (2,027) | $ (4,142) | $ (2,018) |
Non-deductible items | (140) | 223 | (69) | 347 |
Other | (6) | (266) | (5) | (3) |
Income tax recovery - effective tax rate | $ (3,872) | $ (2,070) | $ (4,216) | $ (1,674) |
X | ||||||||||
- Definition The amount that represents the difference between the tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that relates to expenses not deductible in determining taxable profit (tax loss). No definition available.
|
X | ||||||||||
- Definition The tax rate effect on the reconciliation between the average effective tax rate and the applicable tax rate resulting from the expenses not deductible in determining taxable profit. No definition available.
|
X | ||||||||||
- Definition The applicable income tax rate. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- Definition The tax expense (income) divided by the accounting profit. [Refer: Accounting profit] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- Definition The aggregate amount included in the determination of profit (loss) for the period in respect of current tax and deferred tax that relate to continuing operations. [Refer: Continuing operations [member]; Current tax expense (income); Deferred tax expense (income)] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- Definition The amount that represents the difference between the tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that the entity does not separately disclose in the same statement or note. [Refer: Accounting profit; Applicable tax rate] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- Definition Tax rate effects, in aggregate, on the reconciliation between the average effective tax rate and the applicable tax rate that the entity does not separately disclose in the reconciliation. [Refer: Average effective tax rate; Applicable tax rate] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The product of the accounting profit multiplied by the applicable tax rate(s). [Refer: Accounting profit; Applicable tax rate] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
INCOME TAXES - Provision (Details) - CAD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Aug. 04, 2018 |
Jul. 29, 2017 |
Aug. 04, 2018 |
Jul. 29, 2017 |
|
Income tax provision (recovery) | ||||
Current | $ (1,570) | $ (1,500) | $ (2,870) | $ (2,104) |
Deferred | (2,302) | (570) | (1,346) | 430 |
Income tax recovery - effective tax rate | $ (3,872) | $ (2,070) | $ (4,216) | $ (1,674) |
X | ||||||||||
- Definition The amount of income taxes payable (recoverable) in respect of the taxable profit (tax loss) for a period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
X | ||||||||||
- Definition The amount of tax expense (income) relating to changes in deferred tax liabilities and deferred tax assets. [Refer: Deferred tax assets; Deferred tax liabilities] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The aggregate amount included in the determination of profit (loss) for the period in respect of current tax and deferred tax that relate to continuing operations. [Refer: Continuing operations [member]; Current tax expense (income); Deferred tax expense (income)] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
SELLING, GENERAL AND ADMINISTRATION EXPENSES - Summary (Details) - CAD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Aug. 04, 2018 |
Jul. 29, 2017 |
Aug. 04, 2018 |
Jul. 29, 2017 |
|
SELLING, GENERAL AND ADMINISTRATION EXPENSES | ||||
Wages, salaries and employee benefits | $ 15,784 | $ 15,880 | $ 32,264 | $ 32,101 |
Depreciation of property and equipment | 1,722 | 2,114 | 3,408 | 4,178 |
Amortization of intangible assets | 346 | 472 | 528 | 754 |
Loss on disposal of property and equipment | 14 | 24 | 14 | 30 |
Impairment of property and equipment | 2,560 | 2,313 | 2,560 | 2,313 |
Provision (recovery) for onerous contracts | 2,068 | (641) | 1,892 | (1,527) |
Utilization for onerous contracts | (1,354) | (719) | (2,694) | (1,248) |
Stock-based compensation | (393) | 802 | (98) | 1,376 |
Executive separation costs related to salary | 717 | 812 | 717 | 812 |
Strategic review and proxy contest costs | 2,717 | 3,511 | ||
Other selling, general and administration | 7,169 | 6,759 | 13,644 | 13,180 |
Selling, general and administrative expense | $ 31,350 | $ 27,816 | $ 55,746 | $ 51,969 |
X | ||||||||||
- Definition The amount of expense (recoveries) recognised due to the unwinding of the discount on provisions or the reversals of provisions, resulting from the effect of the passage of time. No definition available.
|
X | ||||||||||
- Definition The amount of income (expense) arising from equity-settled share-based payment transactions in which the goods or services received did/did not qualify for recognition as assets. No definition available.
|
X | ||||||||||
- Definition The amount of other expense included in selling, general and administrative activities of the entity. No definition available.
|
X | ||||||||||
- Definition The amount of strategic review and proxy contest costs. No definition available.
|
X | ||||||||||
- Definition The amount of utilization for onerous contracts. No definition available.
|
X | ||||||||||
- Definition The amount of amortisation of intangible assets other than goodwill. [Refer: Depreciation and amortisation expense; Intangible assets other than goodwill] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- Definition The amount of depreciation of property, plant and equipment. [Refer: Depreciation and amortisation expense; Property, plant and equipment] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- Definition The expense of all forms of consideration given by an entity in exchange for a service rendered by employees or for the termination of employment. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The amount of compensation to key management personnel in the form of termination benefits. [Refer: Termination benefits expense; Key management personnel of entity or parent [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- Definition The losses on the disposal of property, plant and equipment. [Refer: Property, plant and equipment] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- Definition The amount of expense relating to selling, general and administrative activities of the entity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
X | ||||||||||
- Definition The amount recognised resulting from the write-down of property, plant and equipment to its recoverable amount or reversals of those write-downs. [Refer: Property, plant and equipment] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
EARNINGS PER SHARE - Loss and share data used in the basic and diluted EPS computations (Details) - CAD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Aug. 04, 2018 |
Jul. 29, 2017 |
Aug. 04, 2018 |
Jul. 29, 2017 |
|
EARNINGS PER SHARE | ||||
Net loss for basic EPS | $ (9,998) | $ (5,563) | $ (11,200) | $ (5,925) |
Weighted average number of shares outstanding - basic and fully diluted | 25,910,086 | 25,745,221 | 25,878,982 | 25,573,894 |
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The profit (loss) attributable to ordinary equity holders of the parent equity. [Refer: Profit (loss)] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- Definition The number of ordinary shares outstanding at the beginning of the period, adjusted by the number of ordinary shares bought back or issued during the period multiplied by a time-weighting factor. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
RELATED PARTY DISCLOSURES (Details) - CAD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Aug. 04, 2018 |
Jul. 29, 2017 |
Aug. 04, 2018 |
Jul. 29, 2017 |
|
Board member | ||||
Related party transactions [abstract] | ||||
Merchandise purchased from related party | $ 33 | $ 0 | $ 97 | $ 0 |
Controlling Shareholder | ||||
Related party transactions [abstract] | ||||
Amount reimbursed for proxy contest fees | $ 957 | $ 957 |
X | ||||||||||
- Definition The amount reimbursed for proxy contest fees. No definition available.
|
X | ||||||||||
- Definition The amount of goods purchased by the entity in related party transactions. [Refer: Related parties [member]] Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
SEGMENT INFORMATION - Product revenue (Details) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Aug. 04, 2018
CAD ($)
|
Jul. 29, 2017
CAD ($)
|
Aug. 04, 2018
CAD ($)
segment
|
Jul. 29, 2017
CAD ($)
|
|
Segment information | ||||
Number of reportable segments | segment | 2 | |||
Revenue | $ 40,167 | $ 45,687 | $ 85,953 | $ 94,356 |
Tea | ||||
Segment information | ||||
Revenue | 27,589 | 29,987 | 60,819 | 63,860 |
Tea accessories | ||||
Segment information | ||||
Revenue | 8,787 | 11,170 | 17,501 | 21,679 |
Food and beverages | ||||
Segment information | ||||
Revenue | $ 3,791 | $ 4,530 | $ 7,633 | $ 8,817 |
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The amount of revenue arising from the sale of goods. [Refer: Revenue] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- Definition Number of segments reported by the entity. A reportable segment is a component of an entity for which there is an accounting requirement to report separate financial information on that component in the entity's financial statements. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
SEGMENT INFORMATION - Property and equipment and intangible assets (Details) - CAD ($) $ in Thousands |
Aug. 04, 2018 |
Feb. 03, 2018 |
---|---|---|
Segment information | ||
Property and equipment and intangible assets | $ 39,062 | $ 40,997 |
Canada | ||
Segment information | ||
Property and equipment and intangible assets | 35,397 | 37,234 |
U. S. | ||
Segment information | ||
Property and equipment and intangible assets | $ 3,665 | $ 3,763 |
X | ||||||||||
- Definition The amount of non-current assets other than financial instruments, deferred tax assets, post-employment benefit assets and rights arising under insurance contracts. [Refer: Deferred tax assets; Financial instruments, class [member]; Non-current assets; Types of insurance contracts [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
SEGMENT INFORMATION - Gross profit per country (Details) - CAD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Aug. 04, 2018 |
Jul. 29, 2017 |
Aug. 04, 2018 |
Jul. 29, 2017 |
|
Segment information | ||||
Sales | $ 40,167 | $ 45,687 | $ 85,953 | $ 94,356 |
Cost of sales | 22,824 | 25,482 | 45,918 | 49,969 |
Gross profit | 17,343 | 20,205 | 40,035 | 44,387 |
Selling, general and administrative expenses | 31,350 | 27,816 | 55,746 | 51,969 |
Impairment of property and equipment | 2,560 | 2,313 | 2,560 | 2,313 |
Impact of onerous contracts | 714 | (1,360) | (802) | (2,775) |
Results from operating activities | (14,007) | (7,611) | (15,711) | (7,582) |
Finance costs | 78 | 157 | 157 | 288 |
Finance income | (215) | (135) | (452) | (271) |
Loss before income taxes | (13,870) | (7,633) | (15,416) | (7,599) |
Canada | ||||
Segment information | ||||
Sales | 31,850 | 37,356 | 68,382 | 77,308 |
Cost of sales | 17,724 | 20,254 | 35,540 | 39,571 |
Gross profit | 14,126 | 17,102 | 32,842 | 37,737 |
Impairment of property and equipment | 2,371 | 2,371 | ||
Impact of onerous contracts | 1,188 | 76 | 996 | 49 |
U. S. | ||||
Segment information | ||||
Sales | 8,317 | 8,331 | 17,571 | 17,048 |
Cost of sales | 5,100 | 5,228 | 10,378 | 10,398 |
Gross profit | 3,217 | 3,103 | 7,193 | 6,650 |
Impairment of property and equipment | 189 | 2,313 | 189 | 2,313 |
Impact of onerous contracts | (474) | (1,436) | (1,798) | (2,824) |
Operating segments | ||||
Segment information | ||||
Selling, general and administrative expenses | 17,774 | 17,436 | 35,316 | 34,338 |
Results from operating activities | (3,705) | 1,816 | 2,961 | 10,511 |
Operating segments | Canada | ||||
Segment information | ||||
Selling, general and administrative expenses | 13,538 | 12,783 | 26,922 | 25,392 |
Results from operating activities | (2,971) | 4,243 | 2,553 | 12,296 |
Operating segments | U. S. | ||||
Segment information | ||||
Selling, general and administrative expenses | 4,236 | 4,653 | 8,394 | 8,946 |
Results from operating activities | (734) | (2,427) | 408 | (1,785) |
Non-allocated | ||||
Segment information | ||||
Selling, general and administrative expenses | $ 10,302 | $ 9,427 | $ 18,672 | $ 18,093 |
X | ||||||||||
- Definition The amount of provision for onerous contracts expensed during the period. No definition available.
|
X | ||||||||||
- Definition The amount of costs relating to expenses directly or indirectly attributed to the goods or services sold, which may include, but are not limited to, costs previously included in the measurement of inventory that has now been sold, unallocated production overheads and abnormal amounts of production costs of inventories. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- Definition The amount of costs associated with financing activities of the entity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- Definition The amount of income associated with interest and other financing activities of the entity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
X | ||||||||||
- Definition The amount of revenue less cost of sales. [Refer: Cost of sales; Revenue] Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
X | ||||||||||
- Definition The profit (loss) from continuing operations before tax expense or income. [Refer: Profit (loss)] Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
X | ||||||||||
- Definition The profit (loss) from operating activities of the entity. [Refer: Profit (loss)] Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The amount of revenue arising from the sale of goods. [Refer: Revenue] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- Definition The amount of expense relating to selling, general and administrative activities of the entity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
X | ||||||||||
- Definition The amount recognised resulting from the write-down of property, plant and equipment to its recoverable amount or reversals of those write-downs. [Refer: Property, plant and equipment] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
FINANCIAL RISK MANAGEMENT - Currency risk (Details) $ in Thousands, $ in Thousands |
Aug. 04, 2018
USD ($)
|
Aug. 04, 2018
CAD ($)
|
Feb. 03, 2018
USD ($)
|
---|---|---|---|
Currency risk | |||
Currency risk - foreign exchange risk | |||
Sensitivity analysis, percent of increase | 5.00% | 5.00% | |
Sensitivity analysis, percent of decrease | 5.00% | 5.00% | |
Effect on net income (loss) of 5% fall in the Canadian dollar | $ 105 | ||
Effect on net income (loss) of 5% rise in the Canadian dollar | $ 105 | ||
sf | |||
Currency risk - foreign exchange risk | |||
Foreign exchange exposure | $ 1,314 | $ 5,686 | |
Accounts receivable | |||
Currency risk - foreign exchange risk | |||
Foreign exchange exposure | 900 | 882 | |
Accounts payable | |||
Currency risk - foreign exchange risk | |||
Foreign exchange exposure | $ 4,318 | $ 2,555 |
X | ||||||||||
- Definition The increase (decrease) in profit and loss as a result of a decrease in a designated risk component that was reasonably possible at the end of the reporting period. Excludes defined benefit plan obligations. No definition available.
|
X | ||||||||||
- Definition The increase (decrease) in profit and loss as a result of an increase in a designated risk component that was reasonably possible at the end of the reporting period. Excludes defined benefit plan obligations. No definition available.
|
X | ||||||||||
- Definition The reasonably possible percentage of the decrease in the designated risk component used to determine the value of the financial instrument. Excludes defined benefit plan obligations. No definition available.
|
X | ||||||||||
- Definition The reasonably possible percentage of the increase in the designated risk component used to determine the value of the financial instrument. Excludes defined benefit plan obligations. No definition available.
|
X | ||||||||||
- Definition Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table. No definition available.
|
X | ||||||||||
- Definition The amount of risk exposure associated with financial instruments with a shared characteristic that identifies a concentration of risks. [Refer: Financial instruments, class [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- Details
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X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition The contractual exchange rate specified under terms of agreement. Exchange rate is the ratio of exchange for two currencies. No definition available.
|
X | ||||||||||
- Definition Percentage of expected inventory purchasing requirements hedged by forward contracts to mitigate currency risk of loss. No definition available.
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The gain (loss) on the change in fair value of the hedging instrument used as a basis for recognising hedge ineffectiveness. Hedge ineffectiveness is the extent to which the changes in the fair value or the cash flows of the hedging instrument are greater or less than those on the hedged item. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- Definition The nominal amount of a hedging instrument. [Refer: Hedging instruments [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
|
FINANCIAL RISK MANAGEMENT - Liquidity risk (Details) - CAD ($) |
6 Months Ended | |||||
---|---|---|---|---|---|---|
Aug. 04, 2018 |
May 05, 2018 |
Feb. 03, 2018 |
Jul. 29, 2017 |
Apr. 29, 2017 |
Jan. 28, 2017 |
|
Additional information about resources available for managing liquidity risks | ||||||
Cash | $ 39,623,000 | $ 53,868,000 | $ 63,484,000 | $ 56,407,000 | $ 56,348,000 | $ 64,440,000 |
Top of range | ||||||
Additional information about resources available for managing liquidity risks | ||||||
Discharge period expected for trade and other payables | 90 days | |||||
Revolving Facility | ||||||
Additional information about resources available for managing liquidity risks | ||||||
Amount drawn | $ 0 | $ 0 |
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The number of days amounts outstanding for trade and other payables are expected to be discharged. No definition available.
|
X | ||||||||||
- Definition The amount of outstanding funds that the entity is obligated to repay. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
X | ||||||||||
- Definition The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
FINANCIAL RISK MANAGEMENT - Fair values (Details) - CAD ($) |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Aug. 04, 2018 |
Jul. 29, 2017 |
Aug. 04, 2018 |
Jul. 29, 2017 |
|
FINANCIAL RISK MANAGEMENT | ||||
Transfers out of Level 1 to Level 2, assets | $ 0 | $ 0 | $ 0 | $ 0 |
Transfers out of Level 1 to Level 2, liabilities | 0 | 0 | 0 | 0 |
Transfers out of Level 2 to Level 1, assets | 0 | 0 | 0 | 0 |
Transfers out of Level 2 to Level 1, liabilities | $ 0 | $ 0 | $ 0 | $ 0 |
X | ||||||||||
- References No definition available.
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X | ||||||||||
- Definition The amount of transfers out of Level 1 and into Level 2 of the fair value hierarchy of assets held at the end of the reporting period. [Refer: Level 1 of fair value hierarchy [member]; Level 2 of fair value hierarchy [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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X | ||||||||||
- Definition The amount of transfers out of Level 1 and into Level 2 of the fair value hierarchy of liabilities held at the end of the reporting period. [Refer: Level 1 of fair value hierarchy [member]; Level 2 of fair value hierarchy [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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X | ||||||||||
- Definition The amount of transfers out of Level 2 and into Level 1 of the fair value hierarchy of assets held at the end of the reporting period. [Refer: Level 1 of fair value hierarchy [member]; Level 2 of fair value hierarchy [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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X | ||||||||||
- Definition The amount of transfers out of Level 2 and into Level 1 of the fair value hierarchy of liabilities held at the end of the reporting period. [Refer: Level 1 of fair value hierarchy [member]; Level 2 of fair value hierarchy [member]] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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