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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 02, 2022
Jan. 01, 2022
Current assets:    
Cash and cash equivalents $ 2,279 $ 2,389
Accounts receivable, net of allowances of $1,326 and $924, respectively 28,616 25,718
Inventories 121,318 105,644
Prepaid expenses 24,575 18,953
Other current assets 45,077 54,917
Total current assets 221,865 207,621
Non-current assets:    
Property and equipment, net 196,888 195,128
Operating lease right-of-use assets 382,324 371,133
Goodwill and intangible assets, net 69,267 70,468
Deferred income taxes 3,106 0
Other non-current assets 76,637 75,190
Total assets 950,087 919,540
Current liabilities:    
Borrowings under revolving credit facility 443,300 382,500
Accounts payable 167,213 162,547
Customer prepayments 114,745 129,499
Accrued sales returns 24,656 22,368
Compensation and benefits 33,274 51,240
Taxes and withholding 27,426 22,087
Operating lease liabilities 76,041 72,360
Other current liabilities 58,605 64,177
Total current liabilities 945,260 906,778
Non-current liabilities:    
Deferred income taxes 0 688
Operating lease liabilities 344,475 336,192
Other non-current liabilities 103,314 100,835
Total liabilities 1,393,049 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, 21,964 and 22,683 shares issued and outstanding, respectively 220 227
Additional paid-in capital 0 3,971
Accumulated deficit (443,182) (429,151)
Total shareholders’ deficit (442,962) (424,953)
Total liabilities and shareholders’ deficit $ 950,087 $ 919,540