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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 27, 2020
Dec. 28, 2019
Current assets:    
Cash and cash equivalents $ 1,651 $ 1,593
Accounts receivable, net of allowance for doubtful accounts of $957 and $898, respectively 15,754 19,978
Inventories 81,674 87,065
Prepaid expenses 12,072 15,335
Other current assets 30,607 36,397
Total current assets 141,758 160,368
Non-current assets:    
Property and equipment, net 186,943 197,421
Operating lease right-of-use assets 315,221 327,017
Goodwill and intangible assets, net 74,109 73,226
Other non-current assets 50,767 48,011
Total assets 768,798 806,043
Current liabilities:    
Borrowings under credit facility 227,240 231,000
Accounts payable 94,966 134,594
Customer prepayments 51,235 34,248
Accrued sales returns 17,196 19,809
Compensation and benefits 33,067 40,321
Taxes and withholding 21,085 22,171
Operating lease liabilities 60,180 59,561
Other current liabilities 57,547 53,070
Total current liabilities 562,516 594,774
Non-current liabilities:    
Deferred income taxes 8,191 3,808
Operating lease liabilities 286,292 298,090
Other non-current liabilities 74,817 68,802
Total liabilities 931,816 965,474
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, 27,725 and 27,961 shares issued and outstanding, respectively 277 280
Additional paid-in capital 5,519 0
Accumulated deficit (168,814) (159,711)
Total shareholders’ deficit (163,018) (159,431)
Total liabilities and shareholders’ deficit $ 768,798 $ 806,043