Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Oct. 01, 2022	Jul. 02, 2022
Current assets:
Cash and cash equivalents	$ 6,912	$ 7,816
Inventories	132,464	148,462
Prepaid expenses	5,477	5,811
Other current assets	3,015	1,694
Total Current Assets	147,868	163,783
Property and equipment, net	26,423	28,442
Operating lease right-of-use assets	156,705	156,945
Deferred financing costs	6,702	3,129
Other assets	3,137	1,877
Total Assets	340,835	354,176
Current liabilities:
Current portion of long term debt	313	250
Accounts payable	52,071	40,797
Accrued liabilities	35,600	33,491
Operating lease liabilities	46,390	52,258
Total Current Liabilities	134,374	126,796
Operating lease liabilities — non current	120,565	115,926
Borrowings under revolving credit facility	31,355	62,191
Long term debt (see Note 3 for amounts due to related parties)	37,443	28,730
Derivative liability	9,768	0
Other liabilities — non-current	1,497	1,546
Total Liabilities	335,002	335,189
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 shares; 178,480,309 shares issued and 176,696,648 shares outstanding at October 1, 2022 and 87,663,769 shares issued and 85,880,108 shares outstanding at July 2, 2022	1,767	859
Additional paid-in capital	325,791	311,690
Retained deficit	(314,913)	(286,750)
Less: 1,783,661 common shares in treasury, at cost, at October 1, 2022 and at July 2, 2022, respectively	(6,812)	(6,812)
Total Stockholders’ Equity	5,833	18,987
Total Liabilities and Stockholders’ Equity	$ 340,835	$ 354,176