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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 01, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 1,798 $ 1,792
Accounts receivable, net of allowances of $1,475 and $1,267, respectively 24,102 26,005
Inventories 121,446 114,034
Prepaid expenses 21,029 16,006
Other current assets 40,142 39,921
Total current assets 208,517 197,758
Non-current assets:    
Property and equipment, net 191,067 200,605
Operating lease right-of-use assets 399,989 397,755
Goodwill and intangible assets, net 67,086 68,065
Deferred income taxes 16,230 7,958
Other non-current assets 82,266 81,795
Total assets 965,155 953,936
Current liabilities:    
Borrowings under revolving credit facility 483,800 459,600
Accounts payable 152,205 176,207
Customer prepayments 58,498 73,181
Accrued sales returns 25,476 25,594
Compensation and benefits 38,934 31,291
Taxes and withholding 23,356 23,622
Operating lease liabilities 82,439 79,533
Other current liabilities 57,054 60,785
Total current liabilities 921,762 929,813
Non-current liabilities:    
Operating lease liabilities 356,044 356,879
Other non-current liabilities 106,490 105,421
Total liabilities 1,384,296 1,392,113
Shareholders’ deficit:    
Undesignated preferred stock; 5,000 shares authorized, no shares issued and outstanding
Common stock, $0.01 par value; 142,500 shares authorized, 22,214 and 22,014 shares issued and outstanding, respectively 222 220
Additional paid-in capital 11,997 5,182
Accumulated deficit (431,360) (443,579)
Total shareholders’ deficit (419,141) (438,177)
Total liabilities and shareholders’ deficit $ 965,155 $ 953,936