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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 29, 2024
Dec. 30, 2023
Current assets:    
Cash and cash equivalents $ 2,020 $ 2,539
Accounts receivable, net of allowances of $1,098 and $1,437, respectively 20,272 26,859
Inventories 95,845 115,433
Prepaid expenses 21,322 16,660
Other current assets 37,925 44,637
Total current assets 177,384 206,128
Non-current assets:    
Property and equipment, net 153,676 179,503
Operating lease right-of-use assets 373,518 395,411
Goodwill and intangible assets, net 66,523 66,634
Deferred income taxes 25,397 20,253
Other non-current assets 87,147 82,951
Total assets 883,645 950,880
Current liabilities:    
Borrowings under revolving credit facility 540,200 539,500
Accounts payable 106,039 135,901
Customer prepayments 44,518 49,143
Accrued sales returns 20,531 22,402
Compensation and benefits 35,305 28,273
Taxes and withholding 16,563 17,134
Operating lease liabilities 80,914 81,760
Other current liabilities 56,500 61,958
Total current liabilities 900,570 936,071
Non-current liabilities:    
Operating lease liabilities 327,810 351,394
Other non-current liabilities 102,229 105,343
Total liabilities 1,330,609 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, 22,355 and 22,235 shares issued and outstanding, respectively 224 222
Additional paid-in capital 24,211 16,716
Accumulated deficit (471,399) (458,866)
Total shareholders’ deficit (446,964) (441,928)
Total liabilities and shareholders’ deficit $ 883,645 $ 950,880