Consolidated Balance Sheets - USD ($) $ in Thousands	Jul. 02, 2022	Jun. 30, 2021
Current assets:
Cash and cash equivalents	$ 7,816	$ 6,534
Restricted cash	0	22,321
Inventories	148,462	145,075
Prepaid expenses	5,811	5,486
Other current assets	1,694	3,385
Total Current Assets	163,783	182,801
Property and equipment, net	28,442	37,784
Operating lease right of-use assets	156,945	193,244
Deferred financing costs	3,129	2,459
Other assets	1,877	1,596
Total Assets	354,176	417,884
Current liabilities:
Current portion of long term debt	250	0
Accounts payable	40,797	45,930
Accrued liabilities	33,491	46,454
Operating lease liabilities	52,258	54,632
Total Current Liabilities	126,796	147,016
Operating lease liabilities — non-current	115,926	156,240
Borrowings under revolving credit facility	62,191	12,000
Long term debt (see Note 3 for amounts due to related parties)	28,730	26,374
Other liabilities — non-current	1,546	4,453
Total Liabilities	335,189	346,083
Commitments and contingencies	0	0
Stockholders’ equity
Preferred stock, par value $0.01 per share, authorized 10,000,000 shares; none issued or outstanding	0	0
Common stock, par value $0.01 per share, authorized 200,000,000 at July 2, 2022 and June 30, 2021; 87,663,769 shares issued and 85,880,108 shares outstanding at July 2, 2022 and 87,988,233 shares issued and 86,204,572 shares outstanding at June 30, 2021	859	862
Additional paid-in capital	311,690	305,498
Retained deficit	(286,750)	(227,747)
Less: 1,783,661 common shares in treasury, at cost, at July 2, 2022 and at June 30, 2021, respectively	(6,812)	(6,812)
Total Stockholders’ Equity	18,987	71,801
Total Liabilities and Stockholders’ Equity	$ 354,176	$ 417,884