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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 28, 2020
Dec. 28, 2019
Current assets:    
Cash and cash equivalents $ 239,213 $ 1,593
Accounts receivable, net of allowance for doubtful accounts of $1,067 and $898, respectively 7,170 19,978
Inventories 82,021 87,065
Prepaid expenses 13,492 15,335
Other current assets 30,889 36,397
Total current assets 372,785 160,368
Non-current assets:    
Property and equipment, net 194,707 197,421
Operating lease right-of-use assets 323,770 327,017
Goodwill and intangible assets, net 72,681 73,226
Other non-current assets 49,871 48,011
Total assets 1,013,814 806,043
Current liabilities:    
Borrowings under revolving credit facility 446,003 231,000
Accounts payable 132,939 134,594
Customer prepayments 25,816 34,248
Accrued sales returns 22,273 19,809
Compensation and benefits 27,292 40,321
Taxes and withholding 27,490 22,171
Operating lease liabilities 60,210 59,561
Other current liabilities 53,054 53,070
Total current liabilities 795,077 594,774
Non-current liabilities:    
Deferred income taxes 9,142 3,808
Operating lease liabilities 294,548 298,090
Other non-current liabilities 70,956 68,802
Total liabilities 1,169,723 965,474
Shareholders’ deficit:    
Undesignated preferred stock; 5,000 shares authorized, no shares issued and outstanding 0 0
Common stock, $0.01 par value; 142,500 shares authorized, 27,636 and 27,961 shares issued and outstanding, respectively 276 280
Additional paid-in capital 0 0
Accumulated deficit (156,185) (159,711)
Total shareholders’ deficit (155,909) (159,431)
Total liabilities and shareholders’ deficit $ 1,013,814 $ 806,043