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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 03, 2021
Jan. 02, 2021
Current assets:    
Cash and cash equivalents $ 2,238 $ 4,243
Accounts receivable, net of allowances of $1,028 and $1,046, respectively 25,923 31,871
Inventories 82,308 81,362
Prepaid expenses 27,189 20,839
Other current assets 33,844 43,489
Total current assets 171,502 181,804
Non-current assets:    
Property and equipment, net 182,113 175,223
Operating lease right-of-use assets 329,714 314,226
Goodwill and intangible assets, net 72,270 72,871
Other non-current assets 66,610 56,012
Total assets 822,209 800,136
Current liabilities:    
Borrowings under credit facility 314,900 244,200
Accounts payable 122,098 91,904
Customer prepayments 92,569 72,017
Accrued sales returns 24,610 24,765
Compensation and benefits 42,185 76,786
Taxes and withholding 39,098 23,339
Operating lease liabilities 64,076 62,077
Other current liabilities 57,833 60,856
Total current liabilities 757,369 655,944
Non-current liabilities:    
Deferred income taxes 1,757 242
Operating lease liabilities 298,475 283,084
Other non-current liabilities 97,258 84,844
Total liabilities 1,154,859 1,024,114
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, 24,464 and 25,390 shares issued and outstanding, respectively 245 254
Additional paid-in capital 0 0
Accumulated deficit (332,895) (224,232)
Total shareholders’ deficit (332,650) (223,978)
Total liabilities and shareholders’ deficit $ 822,209 $ 800,136