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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 29, 2025
Dec. 28, 2024
Current assets:    
Cash and cash equivalents $ 1,691 $ 1,950
Accounts receivable, net of allowances of $1,112 and $1,113, respectively 14,225 17,516
Inventories 103,876 103,152
Prepaid expenses 17,570 14,568
Other current assets 38,004 44,098
Total current assets 175,366 181,284
Non-current assets:    
Property and equipment, net 119,780 129,574
Operating lease right-of-use assets 345,483 356,641
Goodwill and intangible assets, net 66,357 66,412
Deferred income taxes 34,896 33,575
Other non-current assets 94,909 93,324
Total assets 836,791 860,810
Current liabilities:    
Borrowings under revolving credit facility 557,700 546,600
Accounts payable 114,312 107,619
Customer prepayments 40,357 46,933
Accrued sales returns 16,777 19,092
Compensation and benefits 21,371 31,038
Taxes and withholding 17,430 18,619
Operating lease liabilities 82,614 82,307
Other current liabilities 53,818 55,804
Total current liabilities 904,379 908,012
Non-current liabilities:    
Operating lease liabilities 294,295 307,201
Other non-current liabilities 94,961 97,183
Total liabilities 1,293,635 1,312,396
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, 22,660 and 22,388 shares issued and outstanding, respectively 227 224
Additional paid-in capital 30,775 27,390
Accumulated deficit (487,846) (479,200)
Total shareholders’ deficit (456,844) (451,586)
Total liabilities and shareholders’ deficit $ 836,791 $ 860,810