Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
3 Months Ended |
Apr. 29, 2023 |
Apr. 30, 2022 |
| Operating activities: |
|
|
| Net (loss) income |
$ (6,635)
|
$ 30,203
|
| Adjustments to reconcile net (loss) income to net cash used in operating activities: |
|
|
| Depreciation |
4,681
|
5,445
|
| Non-cash operating lease costs |
12,955
|
12,468
|
| Loss on disposal of property and equipment |
23
|
|
| Deferred income taxes |
(1,501)
|
(1,324)
|
| Insurance proceeds related to operating activities |
|
794
|
| Non-cash stock-based compensation expense |
935
|
2,277
|
| Gain on sale-leaseback |
|
(34,920)
|
| Changes in assets and liabilities: |
|
|
| Inventory |
(8,528)
|
(6,493)
|
| Prepaid and other current assets |
(874)
|
(1,539)
|
| Other assets |
49
|
30
|
| Accounts payable |
9,179
|
(11,266)
|
| Accrued expenses and other long-term liabilities |
(19,982)
|
(11,113)
|
| Accrued compensation |
(2,337)
|
(14,721)
|
| Income tax receivable/payable |
(1,588)
|
10,700
|
| Layaway deposits |
568
|
580
|
| Net cash used in operating activities |
(13,055)
|
(18,879)
|
| Investing activities: |
|
|
| Purchases of property and equipment |
(950)
|
(8,012)
|
| Insurance proceeds related to investing activities |
|
691
|
| Proceeds from sale-leaseback |
|
45,513
|
| Net cash (used in) provided by investing activities |
(950)
|
38,192
|
| Financing activities: |
|
|
| Cash used to settle withholding taxes on the vesting of nonvested restricted stock |
(783)
|
(2,127)
|
| Repurchases of common stock |
|
(5,317)
|
| Net cash used in financing activities |
(783)
|
(7,444)
|
| Net (decrease) increase in cash and cash equivalents |
(14,788)
|
11,869
|
| Cash and cash equivalents: |
|
|
| Beginning of period |
103,495
|
49,788
|
| End of period |
88,707
|
61,657
|
| Supplemental disclosures of cash flow information: |
|
|
| Cash paid for interest |
39
|
39
|
| Cash payments (refunds) of income taxes |
(1,213)
|
2
|
| Supplemental disclosures of non-cash investing activities: |
|
|
| Accrual for purchases of property and equipment |
$ 1,031
|
$ 1,647
|