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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 30, 2022
Jan. 29, 2022
Current assets:    
Cash and cash equivalents $ 61,856 $ 35,957
Accounts receivable 4,090 5,811
Inventories, net 54,383 56,024
Prepaid expenses and other current assets 25,608 25,456
Total current assets 145,937 123,248
Property and equipment, net 50,427 57,329
Intangible assets, net 76,949 80,711
Goodwill 59,697 59,697
Operating lease assets, net 127,165 130,744
Other assets 97 120
Total assets 460,272 451,849
Current liabilities:    
Accounts payable 40,184 49,924
Accrued expenses and other current liabilities 45,584 48,853
Current portion of long-term debt 2,739 7,692
Current portion of operating lease liabilities 34,667 32,276
Total current liabilities 123,174 138,745
Long-term debt, net of discount and current portion 196,009 196,511
Long-term debt, net of discount - related party 7,336 5,605
Deferred income taxes 10,704 10,704
Operating lease liabilities, net of current portion 133,295 143,207
Other liabilities 1,535 1,731
Total liabilities 472,053 496,503
Commitments and contingencies (see Note 11)
Shareholders’ Deficit    
Common stock, par value $0.01 per share; 50,000,000 shares authorized; 10,148,504 and 10,001,422 shares issued and outstanding at July 30, 2022 and January 29, 2022, respectively 102 100
Additional paid-in capital 210,398 209,747
Accumulated deficit (222,281) (254,501)
Total shareholders’ deficit (11,781) (44,654)
Total liabilities and shareholders’ deficit $ 460,272 $ 451,849