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Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended |
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Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _______ to ________. |
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(State or other jurisdiction of incorporation or organization) |
(I.R.S. Employer Identification No.) | |
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(Address of principal executive offices) |
(Zip Code) |
Title of Each Class |
Trading Symbol(s) |
Name of Each Exchange on which Registered | ||
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Large accelerated filer ☒ |
Accelerated filer ☐ | |
Non-accelerated filer ☐ Emerging growth company |
Smaller reporting company |
PART I. |
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Item 1. |
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Item 2. |
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Item 3. |
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Item 4. |
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PART II. |
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Item 1. |
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Item 1A. |
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Item 2. |
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Item 3. |
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Item 4. |
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Item 5. |
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Item 6. |
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28 |
Item 1. |
Financial Statements. |
(in thousands) |
November 23 , 2019 |
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August 31 , 2019 |
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Assets |
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Current assets: |
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Cash and cash equivalents |
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$ |
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Accounts receivable |
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Merchandise inventories |
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Other current assets |
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Total current assets |
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Property and equipment: |
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Property and equipment |
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Less: Accumulated depreciation and amortization |
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Operating lease right-of-use assets |
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Goodwill |
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Deferred income taxes |
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Other long-term assets |
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$ |
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$ |
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Liabilities and Stockholders’ Deficit |
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Current liabilities: |
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Accounts payable |
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$ |
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Current portion of operating lease liabilities |
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Accrued expenses and other |
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Income taxes payable |
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Total current liabilities |
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Long-term debt |
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Operating lease liabilities, less current portion |
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Deferred income taxes |
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Other long-term liabilities |
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Commitments and contingencies |
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Stockholders’ deficit: |
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Preferred stock, authorized |
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Common stock, par value $ per share, authorized |
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Additional paid-in capital |
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Retained deficit |
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Accumulated other comprehensive loss |
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Treasury stock, at cost |
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Total stockholders’ deficit |
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$ |
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$ |
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Twelve Weeks Ended |
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(in thousands, except per share data) |
November 23, 2019 |
November 17, 2018 |
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$ |
$ |
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$ |
$ |
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$ |
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$ |
$ |
Twelve Weeks Ended |
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November 23, 2019 |
November 17, 2018 |
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$ |
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income ( loss) : |
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(1) |
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income ( loss) |
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$ |
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(1) |
Unrealized (losses) on marketable debt securities are presented net of tax benefit of $ |
(2) |
Net derivative activities are presented net of taxes of $ both fiscal 2020 and fiscal 2019. |
Twelve Weeks Ended |
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(in thousands) |
November 23, 2019 |
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November 17, 2018 |
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Cash flows from operating activities: |
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Net income |
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$ |
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$ |
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Adjustments to reconcile net income to net cash provided by operating activities: |
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Depreciation and amortization of property and equipment and intangibles |
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Amortization of debt origination fees |
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Deferred income taxes |
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Share-based compensation expense |
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Changes in operating assets and liabilities: |
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Accounts receivable |
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Merchandise inventories |
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Accounts payable and accrued expenses |
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Income taxes payable |
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Other, net |
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Net cash provided by operating activities |
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Cash flows from investing activities: |
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Capital expenditures |
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Purchase of marketable debt securities |
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Proceeds from sale of marketable debt securities |
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Proceeds from disposal of capital assets and other, net |
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Net cash used in investing activities |
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Cash flows from financing activities: |
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Net proceeds from commercial paper |
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Net proceeds from sale of common stock |
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Purchase of treasury stock |
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Re ayment of p principal porti lease on of financ e liabilities |
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Net cash used in financing activities |
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Effect of exchange rate changes on cash |
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Net (decrease) increase in cash and cash equivalents |
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( |
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Cash and cash equivalents at beginning of period |
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Cash and cash equivalents at end of period |
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$ |
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$ |
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Twelve Weeks Ended November 23, 2019 |
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(in thousa nds) |
Common Shares Issued |
Common Stock |
Additional Paid-in Capital |
Retained Deficit |
Accumulated Other Comprehensive Loss |
Treasury Stock |
Total |
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$ |
$ |
$ |
( |
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$ |
( |
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$ |
( |
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$ |
( |
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– |
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gain |
– |
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– |
( |
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( |
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$ |
$ |
$ |
( |
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$ |
( |
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$ |
( |
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$ |
( |
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Twelve Weeks Ended November 17 , 2018 |
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(in thousands) |
Common Shares Issued |
Common Stock |
Additional Paid-in Capital |
Retained Deficit |
Accumulated Other Comprehensive Loss |
Treasury Stock |
Total |
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$ |
$ |
$ |
( |
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$ |
( |
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$ |
( |
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$ |
( |
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2014-09 |
– |
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( |
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– |