|
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
|
3 Months Ended |
|
May 04, 2013
|
Apr. 28, 2012
|
| CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
| Net loss |
$ (24,181) |
$ (15,623) |
| Adjustments to reconcile net loss to net cash from operating activities: |
|
|
| Depreciation and amortization |
6,808 |
8,746 |
| Asset impairment |
861 |
1,489 |
| Loss on disposal of property and equipment |
26 |
65 |
| Loss (gain) on derivative liability |
9,290 |
(6,333) |
| Amortization of debt discount |
517 |
412 |
| Non-cash stock-based compensation |
994 |
812 |
| Change in assets and liabilities: |
|
|
| Inventories |
(12,990) |
(15,129) |
| Other current assets |
(2,151) |
(3,921) |
| Other assets |
412 |
355 |
| Accounts payable |
(2,672) |
2,850 |
| Other current liabilities |
(5,461) |
(4,169) |
| Deferred lease incentives |
(1,059) |
(692) |
| Deferred rent |
(196) |
(36) |
| Other long-term liabilities |
98 |
(183) |
| Net cash used in operating activities |
(29,704) |
(31,357) |
| CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
| Purchases of property and equipment |
(1,114) |
(4,713) |
| Restricted cash |
|
8,288 |
| Proceeds from insurance settlement |
|
653 |
| Net cash used in investing activities |
(1,114) |
4,228 |
| CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
| Payments under credit facility borrowings |
|
(1,254) |
| Principal payments under mortgage borrowings |
(140) |
(132) |
| Principal payments under capital lease obligations |
(125) |
(196) |
| Proceeds from exercise of stock options |
8 |
|
| Net cash used in financing activities |
(257) |
(1,582) |
| NET DECREASE IN CASH AND CASH EQUIVALENTS |
(31,075) |
(28,711) |
| CASH AND CASH EQUIVALENTS, beginning of period |
48,733 |
50,306 |
| CASH AND CASH EQUIVALENTS, end of period |
17,658 |
21,595 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: |
|
|
| Cash paid for interest |
945 |
819 |
| Cash paid for income taxes |
163 |
228 |
| SUPPLEMENTAL DISCLOSURES OF NON-CASH TRANSACTIONS: |
|
|
| Property and equipment purchases accrued at end of period |
674 |
1,665 |
| Capital lease transactions for property and equipment |
|
$ 72 |