Quarterly report pursuant to Section 13 or 15(d)

Condensed Statement of Cash Flows

v3.23.3
Condensed Statement of Cash Flows - USD ($)
 6 Months Ended
Jul. 30, 2023
Jul. 31, 2022
Cash Flows from Operating Activities    
Net (loss) income $ (4,750,000) $ 7,635,000
Adjustments to reconcile net (loss) income to cash provided by (used in) operating activities:    
Depreciation and amortization of property and equipment 5,608,000 5,549,000
Amortization of other intangible assets 228,000 188,000
Amortization of deferred financing fees 81,000 71,000
Net loss on disposal of property and equipment 145,000 0
Equity based compensation 2,037,000 2,197,000
Non-cash operating lease cost 10,880,000 8,711,000
Deferred income taxes (1,398,000) 2,313,000
Change in operating assets and liabilities:    
Trade accounts receivable 1,109,000 (423,000)
Merchandise inventories 14,657,000 (37,199,000)
Prepaid expenses and other current assets (524,000) (16,510,000)
Other assets (3,518,000) (10,000)
Accounts payable and accrued expenses 3,087,000 (18,520,000)
Operating lease liabilities (5,817,000) (10,064,000)
Customer deposits 5,519,000 (6,828,000)
Net cash provided by (used in) operating activities 27,344,000 (62,890,000)
Cash Flows from Investing Activities    
Purchase of property and equipment (12,361,000) (9,965,000)
Payments for patents and trademarks (160,000) (160,000)
Net cash used in investing activities (12,521,000) (10,125,000)
Cash Flows from Financing Activities    
Taxes paid for net share settlement of equity awards (3,588,000) (1,449,000)
Payment of deferred financing costs (52,000) (276,000)
Net cash used in financing activities (3,640,000) (1,725,000)
Net change in cash and cash equivalents 11,183,000 (74,740,000)
Cash and cash equivalents - Beginning 43,533,000 92,392,000
Cash and cash equivalents - Ending 54,716,000 17,652,000
Supplemental Cash Flow Data:    
Cash paid for taxes 1,232,000 9,393,000
Cash paid for interest 66,000 34,000
Non-cash investing activities:    
Asset acquisitions not yet paid for at period end $ 3,698,000 $ 3,536,000