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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 2,539 $ 1,792
Accounts receivable, net of allowances of $1,437 and $1,267, respectively 26,859 26,005
Inventories 115,433 114,034
Prepaid expenses 16,660 16,006
Other current assets 44,637 39,921
Total current assets 206,128 197,758
Non-current assets:    
Property and equipment, net 179,503 200,605
Operating lease right-of-use assets 395,411 397,755
Goodwill and intangible assets, net 66,634 68,065
Deferred income taxes 20,253 7,958
Other non-current assets 82,951 81,795
Total assets 950,880 953,936
Current liabilities:    
Borrowings under revolving credit facility 539,500 459,600
Accounts payable 135,901 176,207
Customer prepayments 49,143 73,181
Accrued sales returns 22,402 25,594
Compensation and benefits 28,273 31,291
Taxes and withholding 17,134 23,622
Operating lease liabilities 81,760 79,533
Other current liabilities 61,958 60,785
Total current liabilities 936,071 929,813
Non-current liabilities:    
Operating lease liabilities 351,394 356,879
Other non-current liabilities 105,343 105,421
Total liabilities 1,392,808 1,392,113
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, 22,235 and 22,014 shares issued and outstanding, respectively 222 220
Additional paid-in capital 16,716 5,182
Accumulated deficit (458,866) (443,579)
Total shareholders’ deficit (441,928) (438,177)
Total liabilities and shareholders’ deficit $ 950,880 $ 953,936