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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Aug. 03, 2024
Jul. 29, 2023
Aug. 03, 2024
Jul. 29, 2023
Income Statement [Abstract]        
Net sales $ 74,169 $ 69,447 $ 133,340 $ 133,503
Cost of products sold [1] 39,038 37,099 68,296 71,563
Gross profit 35,131 32,348 65,044 61,940
Gain on sale of intangible assets   (32,043)   (32,808)
Gain on sale of subsidiary     (7,634)  
Selling, general and administrative expenses 34,001 31,541 65,944 64,274
Income from operations 1,130 32,850 6,734 30,474
Interest expense, net [2] 1,647 4,137 3,293 7,427
(Loss) income before income taxes and equity in net income (loss) of equity method investment (517) 28,713 3,441 23,047
Benefit for income taxes (794) (592) (1,681) (5,877)
Income before equity in net income (loss) of equity method investment 277 29,305 5,122 28,924
Equity in net income (loss) of equity method investment 292 207 (173) 207
Net income 569 29,512 4,949 29,131
Other comprehensive income:        
Foreign currency translation adjustments 7 7 130 5
Comprehensive income $ 576 $ 29,519 $ 5,079 $ 29,136
Earnings per share:        
Basic earnings per share $ 0.05 $ 2.37 $ 0.39 $ 2.35
Diluted earnings per share $ 0.05 $ 2.36 $ 0.39 $ 2.34
Weighted average shares outstanding:        
Basic 12,569,488 12,428,339 12,538,695 12,385,347
Diluted 12,617,085 12,479,667 12,606,575 12,470,085
[1] Includes royalty expense of $3,713 and $6,401 for the three and six months ended August 3, 2024, respectively, and $2,235 for the three and six months ended July 29, 2023, respectively, which is with a related party.
[2] Includes capitalized PIK interest with the Third Lien Credit Facility of $1,147 and $2,278 for the three and six months ended August 3, 2024, respectively, and $960 and $1,873 for the three and six months ended July 29, 2023, respectively, which is with a related party.