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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 28, 2024
Dec. 30, 2023
Current assets:    
Cash and cash equivalents $ 1,950 $ 2,539
Accounts receivable, net of allowances of $1,113 and $1,437, respectively 17,516 26,859
Inventories 103,152 115,433
Prepaid expenses 14,568 16,660
Other current assets 44,098 44,637
Total current assets 181,284 206,128
Non-current assets:    
Property and equipment, net 129,574 179,503
Operating lease right-of-use assets 356,641 395,411
Goodwill and intangible assets, net 66,412 66,634
Deferred income taxes 33,575 20,253
Other non-current assets 93,324 82,951
Total assets 860,810 950,880
Current liabilities:    
Borrowings under revolving credit facility 546,600 539,500
Accounts payable 107,619 135,901
Customer prepayments 46,933 49,143
Accrued sales returns 19,092 22,402
Compensation and benefits 31,038 28,273
Taxes and withholding 18,619 17,134
Operating lease liabilities 82,307 81,760
Other current liabilities 55,804 61,958
Total current liabilities 908,012 936,071
Non-current liabilities:    
Operating lease liabilities 307,201 351,394
Other non-current liabilities 97,183 105,343
Total liabilities 1,312,396 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, 22,388 and 22,235 shares issued and outstanding, respectively 224 222
Additional paid-in capital 27,390 16,716
Accumulated deficit (479,200) (458,866)
Total shareholders’ deficit (451,586) (441,928)
Total liabilities and shareholders’ deficit $ 860,810 $ 950,880