v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 28, 2025
Dec. 28, 2024
Current assets:    
Cash and cash equivalents $ 1,349 $ 1,950
Accounts receivable, net of allowances of $1,127 and $1,113, respectively 16,017 17,516
Inventories 99,450 103,152
Prepaid expenses 20,824 14,568
Other current assets 37,885 44,098
Total current assets 175,525 181,284
Non-current assets:    
Property and equipment, net 109,105 129,574
Operating lease right-of-use assets 339,149 356,641
Goodwill and intangible assets, net 66,301 66,412
Deferred income taxes 31,803 33,575
Other non-current assets 82,629 93,324
Total assets 804,512 860,810
Current liabilities:    
Borrowings under revolving credit facility 563,900 546,600
Accounts payable 111,212 107,619
Customer prepayments 41,141 46,933
Accrued sales returns 15,650 19,092
Compensation and benefits 20,929 31,038
Taxes and withholding 17,854 18,619
Operating lease liabilities 82,209 82,307
Other current liabilities 50,326 55,804
Total current liabilities 903,221 908,012
Non-current liabilities:    
Operating lease liabilities 287,585 307,201
Other non-current liabilities 94,394 97,183
Total liabilities 1,285,200 1,312,396
Shareholders’ deficit:    
Undesignated preferred stock; 5,000 shares authorized, no shares issued and outstanding 0 0
Common stock, $0.01 par value; 142,500 shares authorized, 22,771 and 22,388 shares issued and outstanding, respectively 228 224
Additional paid-in capital 31,942 27,390
Accumulated deficit (512,858) (479,200)
Total shareholders’ deficit (480,688) (451,586)
Total liabilities and shareholders’ deficit $ 804,512 $ 860,810