CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands |
12 Months Ended |
Jan. 01, 2022 |
Jan. 02, 2021 |
Dec. 28, 2019 |
| Operating Activities: |
|
|
|
| Net income (loss) |
$ 26,624
|
$ (95,940)
|
$ (50,012)
|
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |
|
|
|
| Depreciation, amortization and accretion |
29,606
|
43,134
|
54,792
|
| Non-cash lease expense |
90,250
|
109,327
|
120,011
|
| Stock-based compensation |
9,497
|
11,143
|
15,845
|
| (Decrease) increase in allowance for returns and markdowns |
(6,420)
|
(29,903)
|
15,752
|
| Gain on disposal of assets |
(5,218)
|
(13,611)
|
(4,584)
|
| Gain on asset divestitures |
0
|
0
|
(23,134)
|
| Property, plant and equipment and other long-lived asset impairment losses |
9,223
|
31,584
|
8,660
|
| Trade name impairment losses |
0
|
2,464
|
16,613
|
| Non-cash restructuring charges |
655
|
2,532
|
5,196
|
| Bad debt expense |
3,070
|
9,535
|
2,921
|
| Other non cash items |
17,861
|
13,737
|
(1,424)
|
| Loss on extinguishment of debt |
13,005
|
0
|
3,044
|
| Contingent consideration remeasurement |
347
|
628
|
(601)
|
| Changes in operating assets and liabilities: |
|
|
|
| Accounts receivable |
(35,453)
|
60,747
|
30,940
|
| Inventories |
(62,261)
|
168,603
|
(78,135)
|
| Prepaid expenses and other current assets |
20,920
|
(27,714)
|
10,994
|
| Accounts payable |
53,934
|
3,500
|
4,862
|
| Accrued expenses |
(12,927)
|
3,001
|
(30,049)
|
| Income taxes |
3,085
|
(60,030)
|
4,570
|
| Operating lease liabilities |
(105,769)
|
(131,499)
|
(120,470)
|
| Net cash provided by (used in) operating activities |
50,029
|
101,238
|
(14,209)
|
| Investing Activities: |
|
|
|
| Additions to property, plant and equipment |
(10,293)
|
(8,738)
|
(20,894)
|
| Decrease (increase) in intangible and other assets |
6,031
|
(1,956)
|
(3,252)
|
| Proceeds from the sale of property, plant and equipment |
11,369
|
78
|
1,255
|
| Proceeds from asset divestitures |
0
|
0
|
41,570
|
| Net cash provided by (used in) investing activities |
7,107
|
(10,616)
|
18,679
|
| Financing Activities: |
|
|
|
| Acquisition of common stock for employee tax withholdings |
(2,420)
|
(727)
|
(4,197)
|
| Distribution of noncontrolling interest earnings |
0
|
0
|
(3,861)
|
| Debt borrowings |
254,717
|
317,250
|
685,332
|
| Debt payments |
(354,389)
|
(295,771)
|
(870,552)
|
| Debt issuance costs and other |
(10,479)
|
(10,000)
|
(15,208)
|
| Net cash (used in) provided by financing activities |
(112,571)
|
10,752
|
(208,486)
|
| Effect of exchange rate changes on cash and cash equivalents, and restricted cash |
(4,239)
|
15,123
|
882
|
| Net (decrease) increase in cash and cash equivalents, and restricted cash |
(59,674)
|
116,497
|
(203,134)
|
| Cash and cash equivalents, and restricted cash: |
|
|
|
| Beginning of year |
324,246
|
207,749
|
410,883
|
| End of year |
$ 264,572
|
$ 324,246
|
$ 207,749
|