|
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
|
3 Months Ended |
|
Apr. 28, 2012
|
Apr. 30, 2011
|
| Operating activities |
|
|
| Net loss |
$ (211) |
$ (3,678) |
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
| Depreciation and amortization |
8,735 |
9,894 |
| Amortization of deferred financing costs |
30 |
54 |
| Share-based compensation expense |
1,108 |
816 |
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable |
(3,959) |
(2,426) |
| Income taxes receivable |
2 |
(430) |
| Inventories, net |
(16,085) |
(30,610) |
| Prepaid expenses |
(341) |
(282) |
| Accounts payable |
(2,373) |
(3,573) |
| Accrued expenses |
(1,632) |
(6,772) |
| Income taxes payable |
(21) |
(155) |
| Deferred rent |
(379) |
(2,852) |
| Other assets and liabilities |
(382) |
(729) |
| Net cash used in operating activities |
(15,508) |
(40,743) |
| Investing activities |
|
|
| Capital expenditures |
(5,863) |
(2,226) |
| Net cash used in investing activities |
(5,863) |
(2,226) |
| Financing activities |
|
|
| Repayment of debt |
|
(1,500) |
| Proceeds from exercise of stock options |
65 |
2,149 |
| Net cash provided by financing activities |
65 |
649 |
| Net decrease in cash and cash equivalents |
(21,306) |
(42,320) |
| Cash and cash equivalents at beginning of period |
50,787 |
77,392 |
| Cash and cash equivalents at end of period |
$ 29,481 |
$ 35,072 |