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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Oct. 01, 2022
Jan. 01, 2022
Current assets    
Cash $ 77,763 $ 312,189
Accounts receivable, net 93,898 109,530
Inventory 439,443 318,864
Prepaid expenses and other current assets 33,564 29,584
Total current assets 644,668 770,167
Property and equipment, net 128,361 119,044
Operating lease right-of-use assets 55,348 54,971
Goodwill 54,293 54,293
Intangible assets, net 98,142 95,314
Other assets 2,414 2,575
Total assets 983,226 1,096,364
Current liabilities    
Accounts payable 122,813 191,319
Accrued expenses and other current liabilities 107,003 132,309
Taxes payable 7,584 14,514
Accrued payroll and related costs 3,240 30,844
Current operating lease liabilities 10,580 10,167
Current maturities of long-term debt 24,411 24,560
Total current liabilities 275,631 403,713
Long-term debt, net of current portion 77,756 95,741
Operating lease liabilities, non-current 55,764 55,940
Other liabilities 23,414 23,147
Total liabilities 432,565 578,541
Commitments and contingencies (Note 7)
Stockholders’ Equity    
Common stock, par value $0.01; 600,000 shares authorized; 87,924 and 86,248 shares issued and outstanding at October 1, 2022, respectively, and 87,727 shares issued and outstanding at January 2, 2021, respectively 879 877
Treasury stock, at cost; 1,677 shares at October 1, 2022 (100,025) 0
Preferred stock, par value $0.01; 30,000 shares authorized; no shares issued or outstanding 0 0
Additional paid-in capital 351,033 337,735
Retained earnings 296,289 178,858
Accumulated other comprehensive income 2,485 353
Total stockholders’ equity 550,661 517,823
Total liabilities and stockholders’ equity $ 983,226 $ 1,096,364