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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 02, 2022
Jan. 01, 2022
Current assets:    
Cash and cash equivalents $ 1,556 $ 2,389
Accounts receivable, net of allowances of $1,047 and $924, respectively 24,502 25,718
Inventories 103,212 105,644
Prepaid expenses 22,001 18,953
Other current assets 40,624 54,917
Total current assets 191,895 207,621
Non-current assets:    
Property and equipment, net 197,644 195,128
Operating lease right-of-use assets 374,650 371,133
Goodwill and intangible assets, net 69,867 70,468
Other non-current assets 78,529 75,190
Total assets 912,585 919,540
Current liabilities:    
Borrowings under revolving credit facility 413,200 382,500
Accounts payable 177,025 162,547
Customer prepayments 142,005 129,499
Accrued sales returns 20,277 22,368
Compensation and benefits 25,702 51,240
Taxes and withholding 26,293 22,087
Operating lease liabilities 74,046 72,360
Other current liabilities 59,390 64,177
Total current liabilities 937,938 906,778
Non-current liabilities:    
Deferred income taxes 312 688
Operating lease liabilities 338,528 336,192
Other non-current liabilities 105,020 100,835
Total liabilities 1,381,798 1,344,493
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, 22,232 and 22,683 shares issued and outstanding, respectively 222 227
Additional paid-in capital 0 3,971
Accumulated deficit (469,435) (429,151)
Total shareholders’ deficit (469,213) (424,953)
Total liabilities and shareholders’ deficit $ 912,585 $ 919,540