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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 27, 2020
Mar. 28, 2020
Current assets:    
Cash and cash equivalents $ 83,123 $ 69,563
Accounts receivable, net 10,703 12,087
Inventories 261,546 288,717
Prepaid expenses and other current assets 13,475 14,284
Total current assets 368,847 384,651
Property and equipment, net 109,327 109,603
Right-of-use assets, net 164,698 170,243
Goodwill 197,502 197,502
Intangible assets, net 60,952 60,974
Other assets 2,127 1,738
Total assets 903,453 924,711
Current liabilities:    
Line of credit 129,900 129,900
Accounts payable 80,702 95,334
Accrued expenses and other current liabilities 49,306 52,612
Short-term lease liabilities 34,955 34,779
Total current liabilities 294,863 312,625
Deferred taxes 20,145 19,801
Long-term portion of notes payable, net 109,212 109,022
Long-term lease liabilities 155,643 160,935
Other liabilities 1,044 635
Total liabilities 580,907 603,018
Commitments and contingencies (Note 7)
Stockholders' equity:    
Common stock, $0.0001 par value; June 27, 2020 - 100,000 shares authorized, 28,945 shares issued; March 28, 2020 - 100,000 shares authorized, 28,880 shares issued 3 3
Preferred stock, $0.0001 par value; 10,000 shares authorized, no shares issued or outstanding
Additional paid-in capital 171,077 169,249
Retained earnings 153,151 153,641
Less: Common stock held in treasury, at cost, 91 and 71 shares at June 27, 2020 and March 28, 2020, respectively (1,685) (1,200)
Total stockholders' equity 322,546 321,693
Total liabilities and stockholders' equity $ 903,453 $ 924,711