Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statement of Cash Flows

v3.22.1
Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
May 01, 2022
May 02, 2021
Cash Flows from Operating Activities    
Net income $ 1,895 $ 2,061
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization of property and equipment 2,575 1,956
Amortization of other intangible assets 86 463
Amortization of deferred financing fees 29 23
Equity based compensation 1,163 654
Non-cash operating lease cost 4,184 3,546
Deferred income taxes 523 0
Changes in operating assets and liabilities:    
Trade accounts receivable 2,134 (2,382)
Merchandise inventories (14,515) (5,539)
Prepaid expenses and other current assets 270 (547)
Accounts payable and accrued expenses (10,359) (8,290)
Operating lease liabilities (4,062) (3,400)
Customer deposits (5,709) 1,851
Net Cash Used in Operating Activities (21,786) (9,604)
Cash Flows from Investing Activities    
Purchase of property and equipment (5,893) (2,919)
Payments for patents and trademarks (125) (139)
Net Cash Used in Investing Activities (6,018) (3,058)
Cash Flows from Financing Activities    
Payment of deferred financing costs (161) 0
Taxes paid for net share settlement of equity awards (47) 0
Proceeds from the line of credit 0 42
Proceeds from the exercise of warrants 0 20
Net Cash (Used in) Provided by Financing Activities (208) 62
Net Change in Cash and Cash Equivalents (28,012) (12,600)
Cash and Cash Equivalents - Beginning 92,392 78,341
Cash and Cash Equivalents - Ending 64,380 65,741
Supplemental Cash Flow Disclosures    
Cash paid for taxes 905 61
Cash paid for interest $ 33 $ 8