v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jan. 03, 2026
Dec. 28, 2024
Current assets:    
Cash and cash equivalents $ 1,693 $ 1,950
Accounts receivable, net of allowances of $694 and $1,113, respectively 15,502 17,516
Inventories 82,233 103,152
Prepaid expenses 13,656 14,568
Other current assets 36,873 44,098
Total current assets 149,957 181,284
Non-current assets:    
Property and equipment, net 86,528 129,574
Operating lease right-of-use assets 311,723 356,641
Goodwill and intangible assets, net 66,186 66,412
Deferred income taxes 399 33,575
Other non-current assets 65,267 93,324
Total assets 680,060 860,810
Current liabilities:    
Borrowings under revolving credit facility 588,200 546,600
Accounts payable 117,977 107,619
Customer prepayments 39,527 46,933
Accrued sales returns 12,817 19,092
Compensation and benefits 14,975 31,038
Taxes and withholding 11,429 18,619
Operating lease liabilities 81,191 82,307
Other current liabilities 46,430 55,804
Total current liabilities 912,546 908,012
Non-current liabilities:    
Operating lease liabilities 273,111 307,201
Other non-current liabilities 72,878 97,183
Total liabilities 1,258,535 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, 22,860 and 22,388 shares issued and outstanding, respectively 229 224
Additional paid-in capital 32,454 27,390
Accumulated deficit (611,158) (479,200)
Total shareholders’ deficit (578,475) (451,586)
Total liabilities and shareholders’ deficit $ 680,060 $ 860,810