XML 17 R6.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
6 Months Ended
Jul. 29, 2023
Jul. 30, 2022
Cash flows from operating activities:    
Net loss $ (31,471,000) $ (33,560,000)
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation of property and equipment 6,349,000 8,837,000
Amortization of debt issue costs 50,000 46,000
Asset impairment 1,226,000 228,000
(Gain) loss on disposal of property and equipment (18,000) 183,000
Stock-based compensation expense 614,000 1,165,000
Changes in assets and liabilities:    
Inventories, net (14,878,000) (27,673,000)
Prepaid expenses and other current assets (713,000) 3,489,000
Accounts payable 12,529,000 (1,165,000)
Accrued expenses (1,174,000) (1,264,000)
Income taxes payable (refundable) 1,642,000 (2,136,000)
Operating lease assets and liabilities (2,976,000) (3,840,000)
Other assets and liabilities 291,000 (377,000)
Net cash used in operating activities (28,529,000) (56,067,000)
Cash flows from investing activities:    
Proceeds from sale of property and equipment 74,000 33,000
Capital expenditures (2,294,000) (5,019,000)
Net cash used in investing activities (2,220,000) (4,986,000)
Cash flows from financing activities:    
Borrowings on revolving line of credit 36,000,000 55,000,000
Repayments on revolving line of credit (5,000,000) 0
Debt issuance costs (456,000) 0
Cash used in net share settlement of stock options and restricted stock units (76,000) (2,383,000)
Proceeds received from employee stock option exercises 0 16,000
Repurchase and retirement of common stock 0 (6,253,000)
Net cash provided by (used in) financing activities 30,468,000 46,380,000
Cash and cash equivalents:    
Net decrease (281,000) (14,673,000)
Beginning of the period 5,171,000 25,003,000
End of the period 4,890,000 10,330,000
Supplemental schedule of non-cash activities:    
Non-cash accruals for purchases of property and equipment $ 914,000 $ 1,502,000