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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
May 01, 2021
May 02, 2020
Cash flows from operating activities:    
Net income (loss) $ 1,719 $ (7,438)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation of property and equipment 5,272 6,053
Amortization of debt issue costs 23 24
Asset impairment 310 3,184
(Gain) loss on disposal of property and equipment (4) 9
Stock-based compensation expense 232 307
Deferred income taxes 0 1,525
Changes in assets and liabilities:    
Inventories, net (14,176) (4,401)
Prepaid expenses and other current assets (522) (1,488)
Accounts payable (2,370) (14,001)
Accrued expenses (6,634) (4,361)
Income taxes payable (receivable) 377 (21,780)
Operating lease assets and liabilities (8,736) 5,627
Other assets and liabilities (446) (925)
Net cash used in operating activities (24,955) (37,665)
Cash flows from investing activities:    
Proceeds from sale of property and equipment 13 98
Capital expenditures (1,559) (2,452)
Net cash used in investing activities (1,546) (2,354)
Cash flows from financing activities:    
Borrowings on revolving line of credit 0 40,000
Cash used in net share settlement of stock options and restricted stock (257) (8)
Proceeds received from employee stock option exercises 52 0
Employee stock purchases 0 35
Repurchase and retirement of common stock (1,356) 0
Net cash (used in) provided by financing activities (1,561) 40,027
Cash and cash equivalents:    
Net (decrease) increase (28,062) 8
Beginning of the period 100,337 30,132
End of the period 72,275 30,140
Supplemental schedule of non-cash activities:    
Non-cash accruals for purchases of property and equipment $ 700 $ 2,217