XML 23 R7.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Feb. 01, 2025
Feb. 03, 2024
Operating activities    
Net (loss) income $ (19,047,000) $ 25,446,000
Add (deduct) items not affecting operating cash flows:    
Impairment of goodwill 31,973,000 [1] 0
Depreciation and amortization 4,006,000 4,939,000
Allowance for doubtful accounts 9,000 104,000
Gain on sale of intangible assets   (32,808,000)
Gain on sale of subsidiary (7,634,000)  
Loss on disposal of property and equipment 88,000 260,000
Amortization of deferred financing costs 312,000 758,000
Deferred income taxes (4,282,000) (4,021,000)
Share-based compensation expense 1,588,000 1,541,000
Capitalized PIK Interest due to loan with former related party 4,515,000 4,026,000
Loss on debt extinguishment   3,136,000
Equity in net income of equity method investment, net of distributions 2,683,000 (121,000)
Changes in assets and liabilities:    
Receivables, net (11,652,000) (42,000)
Inventories (376,000) 31,236,000
Prepaid expenses and other current assets 298,000 (655,000)
Accounts payable and accrued expenses 19,820,000 (23,994,000)
Other assets and liabilities (242,000) (8,165,000)
Net cash provided by operating activities 22,059,000 1,640,000
Investing activities    
Payments for capital expenditures (4,232,000) (1,460,000)
Transaction costs related to equity method investment   (525,000)
Proceeds from sale of intangible assets   77,525,000
Net cash (used in) provided by investing activities (4,232,000) 75,540,000
Financing activities    
Proceeds from borrowings under the Revolving Credit Facilities 211,213,000 245,116,000
Repayment of borrowings under the Revolving Credit Facilities (214,027,000) (289,387,000)
Repayment of borrowings under the Term Loan Facilities   (29,378,000)
Repayment of borrowings under the Third Lien Credit Facility (15,000,000)  
Tax withholdings related to restricted stock vesting (264,000) (142,000)
Proceeds from issuance of common stock under employee stock purchase plan 29,000 48,000
Financing fees (332,000) (3,336,000)
Net cash used in financing activities (18,381,000) (77,079,000)
(Decrease) increase in cash, cash equivalents, and restricted cash (554,000) 101,000
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 1,000 2,000
Cash, cash equivalents, and restricted cash, beginning of period 1,219,000 1,116,000
Cash, cash equivalents, and restricted cash, end of period 666,000 1,219,000
Less: restricted cash at end of period 59,000 862,000
Cash and cash equivalents per balance sheet at end of period 607,000 357,000
Supplemental Disclosures of Cash Flow Information    
Cash payments for interest 1,784,000 6,400,000
Cash payments for income taxes, net of refunds 25,000 752,000
Supplemental Disclosures of Non-Cash Investing and Financing Activities    
Non-cash equity method investment   25,500,000
Deemed contribution in connection with debt extinguishment 11,575,000  
Capital expenditures in accounts payable and accrued liabilities 782,000 117,000
Contribution from principal stockholder in accounts receivable 614,000  
Deferred financing fees in accrued liabilities $ 135,000 $ 1,000
[1]

(1) Recorded within Impairment of goodwill on the Consolidated Statements of Operations and Comprehensive Income (Loss).