Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
3 Months Ended |
May 05, 2018 |
Apr. 29, 2017 |
| OPERATING ACTIVITIES: |
|
|
| Net loss |
$ (2,986)
|
$ (3,196)
|
| Adjustments to reconcile net loss to net cash provided by operating activities: |
|
|
| Depreciation and amortization |
2,620
|
2,604
|
| Share-based payment compensation |
820
|
521
|
| Amortization of deferred revenue |
(9)
|
(21)
|
| Amortization of deferred financing costs |
52
|
127
|
| Loss on debt extinguishment |
0
|
(913)
|
| Deferred income taxes |
0
|
197
|
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable, net |
11,499
|
13,524
|
| Inventories |
(4,247)
|
(5,457)
|
| Prepaid expenses and other |
(3,798)
|
(274)
|
| Accounts payable and accrued liabilities |
7,745
|
(2,095)
|
| Net cash provided by operating activities |
11,696
|
6,843
|
| INVESTING ACTIVITIES: |
|
|
| Property and equipment additions |
(2,078)
|
(3,867)
|
| Net cash used for investing activities |
(2,078)
|
(3,867)
|
| FINANCING ACTIVITIES: |
|
|
| Proceeds from issuance of revolving loan |
50,500
|
0
|
| Proceeds of term loans |
0
|
6,000
|
| Proceeds from issuance of common stock and warrants |
0
|
132
|
| Proceeds from exercise of stock options |
0
|
29
|
| Payments on revolving loan |
(53,300)
|
0
|
| Payments on term loans |
(581)
|
(10,263)
|
| Payments for repurchases of common stock |
0
|
(5,055)
|
| Payments for common stock issuance costs |
0
|
(80)
|
| Payments for deferred financing costs |
0
|
(215)
|
| Payments for debt extinguishment costs |
0
|
(199)
|
| Payments for restricted stock issuance |
(100)
|
(34)
|
| Net cash used for financing activities |
(3,481)
|
(9,685)
|
| Net increase (decrease) in cash and restricted cash equivalents |
6,137
|
(6,709)
|
| BEGINNING CASH AND RESTRICTED CASH EQUIVALENTS |
24,390
|
33,097
|
| ENDING CASH AND RESTRICTED CASH EQUIVALENTS |
30,527
|
26,388
|
| SUPPLEMENTAL CASH FLOW INFORMATION: |
|
|
| Interest paid |
912
|
1,400
|
| Income taxes paid |
0
|
0
|
| SUPPLEMENTAL NON-CASH INVESTING AND FINANCING ACTIVITIES: |
|
|
| Property and equipment purchases included in accounts payable |
101
|
713
|
| Common stock issuance costs included in accrued liabilities |
$ 0
|
$ 58
|