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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Aug. 03, 2024
Jul. 29, 2023
Aug. 03, 2024
Jul. 29, 2023
Feb. 03, 2024
Operating activities          
Net income     $ 4,949 $ 29,131  
Add (deduct) items not affecting operating cash flows:          
Depreciation and amortization     2,035 2,538  
Allowance for doubtful accounts     13 63  
Gain on sale of intangible assets   $ (32,043)   (32,808)  
Gain on sale of subsidiary     (7,634)    
Loss on disposal of property and equipment     33 140  
Amortization of deferred financing costs     158 593  
Deferred income taxes     (1,346) (5,958)  
Share-based compensation expense $ 255 393 250 813  
Capitalized PIK Interest due to loan with related party     2,278 1,873  
Loss on debt extinguishment       3,136  
Equity in net loss of equity method investment, net of distributions     1,420 (207)  
Changes in assets and liabilities:          
Receivables, net     (14,396) (189)  
Inventories     (7,564) 4,939  
Prepaid expenses and other current assets     (2,281) (2,263)  
Accounts payable and accrued expenses     15,740 (17,947)  
Other assets and liabilities     (727) (4,014)  
Net cash used in operating activities     (7,072) (20,160)  
Investing activities          
Payments for capital expenditures     (1,421) (377)  
Transaction costs related to equity method investment       (525)  
Proceeds from Sale of Intangible Assets       77,525  
Net cash (used in) provided by investing activities     (1,421) 76,623  
Financing activities          
Proceeds from borrowings under the Revolving Credit Facilities     99,700 173,665  
Repayment of borrowings under the Revolving Credit Facilities     (91,570) (192,486)  
Repayment of borrowings under the Term Loan Facilities       (29,378)  
Tax withholdings related to restricted stock vesting     (55) (134)  
Proceeds from stock option exercises, restricted stock vesting, and issuance of common stock under employee stock purchase plan     14 27  
Financing fees     (8) (3,002)  
Net cash provided by (used in) financing activities     8,081 (51,308)  
(Decrease) increase in cash, cash equivalents, and restricted cash     (412) 5,155  
Effect of exchange rate changes on cash, cash equivalents, and restricted cash     1 3  
Cash, cash equivalents, and restricted cash, beginning of period     1,219 1,116 $ 1,116
Cash, cash equivalents, and restricted cash, end of period 808 6,274 808 6,274 1,219
Less: restricted cash at end of period 97 5,405 97 5,405  
Cash and cash equivalents per balance sheet at end of period $ 711 $ 869 711 869 $ 357
Supplemental Disclosures of Cash Flow Information          
Cash payments for interest     854 5,088  
Cash payments for income taxes, net of refunds     138 39  
Supplemental Disclosures of Non-Cash Investing and Financing Activities          
Non-cash equity method investment       25,500  
Capital expenditures in accounts payable and accrued liabilities     $ 219 91  
Deferred financing fees in accrued liabilities       $ 311