Annual report pursuant to Section 13 and 15(d)

Statements of Cash Flows

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Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jan. 29, 2023
Jan. 30, 2022
Jan. 31, 2021
Cash Flows from Operating Activities      
Net income $ 28,242 $ 45,900 $ 14,727
Adjustments to reconcile net income to net cash (used in) provided by operating activities:      
Depreciation and amortization of property and equipment 10,454 7,154 6,100
Amortization of intangible assets 388 705 513
Amortization of deferred financing fees 164 91 88
Net loss on disposal of property and equipment 45 464 5
Impairment of long-lived assets 0 554 245
Equity-based compensation 10,450 5,859 4,681
Deferred rent 0 0 3,641
Non-cash lease expense 19,265 14,953 0
Deferred income taxes 416 (9,836) 0
Gain on recovery of insurance proceeds - lost profit margin 0 (632) 0
Changes in operating assets and liabilities:      
Trade accounts receivable (921) (4,034) 2,675
Merchandise inventories (11,470) (56,819) (14,017)
Prepaid expenses and other current assets 890 (2,459) (2,060)
Other assets (21,459) 0 0
Accounts payable and accrued expenses (33,002) 39,195 19,584
Operating lease liabilities (18,281) (14,400) 0
Customer deposits (6,556) 7,323 4,339
Net Cash (Used in) Provided by Operating Activities (21,375) 34,018 40,521
Cash Flows from Investing Activities      
Purchase of property and equipment (25,242) (15,887) (8,374)
Payments for patents and trademarks (307) (601) (678)
Net Cash Used in Investing Activities (25,549) (16,488) (9,052)
Cash Flows from Financing Activities      
Taxes paid for net share settlement of equity awards (1,658) (3,583) (1,717)
Proceeds from the exercise of warrants 0 104 100
Payment of deferred financing costs (277) 0 (50)
Net Cash Used in Financing Activities (1,935) (3,479) (1,667)
Net Change in Cash and Cash Equivalents (48,859) 14,051 29,802
Cash and Cash Equivalents - Beginning 92,392 78,341 48,539
Cash and Cash Equivalents - End 43,533 92,392 78,341
Supplemental Cash Flow Disclosures      
Cash paid for taxes 10,670 1,121 86
Cash paid for interest 192 95 85
Non-cash investing activities:      
Asset acquisitions not yet paid for at end of year $ 4,103 $ 0 $ 0