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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 30, 2024
Dec. 30, 2023
Current assets:    
Cash and cash equivalents $ 2,068 $ 2,539
Accounts receivable, net of allowances of $1,090 and $1,437, respectively 21,833 26,859
Inventories 100,904 115,433
Prepaid expenses 20,655 16,660
Other current assets 35,589 44,637
Total current assets 181,049 206,128
Non-current assets:    
Property and equipment, net 167,037 179,503
Operating lease right-of-use assets 387,942 395,411
Goodwill and intangible assets, net 66,579 66,634
Deferred income taxes 21,181 20,253
Other non-current assets 84,685 82,951
Total assets 908,473 950,880
Current liabilities:    
Borrowings under revolving credit facility 523,500 539,500
Accounts payable 125,304 135,901
Customer prepayments 50,262 49,143
Accrued sales returns 22,415 22,402
Compensation and benefits 28,296 28,273
Taxes and withholding 16,661 17,134
Operating lease liabilities 81,300 81,760
Other current liabilities 58,454 61,958
Total current liabilities 906,192 936,071
Non-current liabilities:    
Operating lease liabilities 343,447 351,394
Other non-current liabilities 104,697 105,343
Total liabilities 1,354,336 1,392,808
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, 22,326 and 22,235 shares issued and outstanding, respectively 223 222
Additional paid-in capital 20,262 16,716
Accumulated deficit (466,348) (458,866)
Total shareholders’ deficit (445,863) (441,928)
Total liabilities and shareholders’ deficit $ 908,473 $ 950,880