v3.25.2
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 29, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net loss $ (41,790,000) $ (18,290,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 8,229,000 8,834,000
Impairment of assets 1,311,000  
Share-based compensation 1,145,000 1,444,000
Amortization of other assets 719,000 533,000
Noncash lease expense 33,314,000 34,688,000
Proceeds from insurance recovery - lost profit margin and expenses 25,000  
Deferred income taxes   (6,363,000)
Changes in operating assets and liabilities:    
Accounts receivable, net 246,000 (1,140,000)
Merchandise inventories, net (22,964,000) (13,813,000)
Prepaid expenses and other assets 1,094,000 2,117,000
Accounts payable 3,286,000 26,705,000
Operating lease liabilities (34,267,000) (35,466,000)
Accrued expenses and other long-term liabilities (428,000) (2,176,000)
Net cash used in operating activities (50,080,000) (2,927,000)
Cash flows from investing activities:    
Purchases of property and equipment (3,183,000) (6,266,000)
Proceeds from insurance recovery - property and equipment 933,000  
Net cash used in investing activities (2,250,000) (6,266,000)
Cash flows from financing activities:    
Borrowings under revolving credit facility 120,153,000  
Payments under revolving credit facility (62,495,000)  
Changes in book overdraft (3,443,000) 10,167,000
Principal payments under finance lease liabilities (1,998,000) (2,135,000)
Proceeds from exercise of share option awards   12,000
Tax withholding payments for share-based compensation (91,000) (311,000)
Dividends paid (358,000) (2,803,000)
Net cash provided by financing activities 51,768,000 4,930,000
Net decrease in cash (562,000) (4,263,000)
Cash at beginning of period 5,418,000 9,201,000
Cash at end of period 4,856,000 4,938,000
Supplemental disclosures of non-cash investing and financing activities:    
Property and equipment acquired under finance leases 1,084,000 520,000
Property and equipment additions unpaid 853,000 949,000
Supplemental disclosures of cash flow information:    
Interest paid 1,808,000 598,000
Income taxes paid $ 39,000 $ 10,000