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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
May 01, 2021
Jan. 30, 2021
Current assets:    
Cash $ 10,725 $ 4,407
Accounts receivable 7,085 7,793
Inventories, net 59,298 58,034
Prepaid expenses and other current assets 44,705 43,035
Total current assets 121,813 113,269
Property and equipment, net 68,742 73,906
Intangible assets, net 86,909 88,976
Goodwill 59,697 59,697
Operating lease assets, net 152,055 161,135
Other assets 179 199
Total assets 489,395 497,182
Current liabilities:    
Accounts payable 47,149 56,263
Accrued expenses and other current liabilities 42,694 43,854
Current portion of long-term debt 2,799 2,799
Current portion of operating lease liabilities 36,094 37,967
Borrowings under revolving credit facility 23,044 11,146
Total current liabilities 151,780 152,029
Long-term debt, net of discount and current portion 225,170 225,401
Long-term debt, net of discount - related party 3,772 3,311
Deferred income taxes 14,202 13,835
Operating lease liabilities, net of current portion 168,658 179,022
Warrants - related party 34,642 15,997
Derivative liability 4,586 2,436
Other liabilities 1,619 2,049
Total liabilities 604,429 594,080
Commitments and contingencies (see Note 11)
Shareholders’ Equity    
Common stock, par value $0.01 per share; 50,000,000 shares authorized; 9,711,710 and 9,631,633 shares issued and outstanding at May 1, 2021 and January 30, 2021, respectively 98 97
Additional paid-in capital 129,534 129,363
Accumulated deficit (244,666) (226,358)
Total shareholders’ deficit (115,034) (96,898)
Total liabilities and shareholders’ deficit $ 489,395 $ 497,182