v3.25.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended
Mar. 30, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net loss $ (17,250,000) $ (8,286,000)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 4,150,000 4,375,000
Share-based compensation 660,000 718,000
Amortization of other assets 363,000 183,000
Noncash lease expense 16,681,000 17,353,000
Proceeds from insurance recovery - lost profit margin and expenses 25,000  
Deferred income taxes   (2,769,000)
Changes in operating assets and liabilities:    
Accounts receivable, net 1,024,000 385,000
Merchandise inventories, net (33,375,000) (80,000)
Prepaid expenses and other assets 827,000 3,281,000
Accounts payable 29,517,000 14,612,000
Operating lease liabilities (17,285,000) (17,885,000)
Accrued expenses and other long-term liabilities (604,000) (3,674,000)
Net cash (used in) provided by operating activities (15,267,000) 8,213,000
Cash flows from investing activities:    
Purchases of property and equipment (1,674,000) (1,810,000)
Proceeds from insurance recovery - property and equipment 933,000  
Net cash used in investing activities (741,000) (1,810,000)
Cash flows from financing activities:    
Borrowings under revolving credit facility 51,953,000  
Payments under revolving credit facility (34,827,000)  
Changes in book overdraft (1,156,000) (86,000)
Debt issuance costs paid (6,000)  
Principal payments under finance lease liabilities (982,000) (899,000)
Proceeds from exercise of share option awards   5,000
Tax withholding payments for share-based compensation (90,000) (308,000)
Dividends paid (354,000) (1,695,000)
Net cash provided by (used in) financing activities 14,538,000 (2,983,000)
Net (decrease) increase in cash (1,470,000) 3,420,000
Cash at beginning of period 5,418,000 9,201,000
Cash at end of period 3,948,000 12,621,000
Supplemental disclosures of non-cash investing and financing activities:    
Property and equipment acquired under finance leases 1,055,000 477,000
Property and equipment additions unpaid 781,000 857,000
Supplemental disclosures of cash flow information:    
Interest paid $ 710,000 $ 303,000