Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 30, 2023
Sep. 30, 2023
Dec. 31, 2022
Current assets      
Cash and cash equivalents $ 8,394 $ 55,420 $ 2,691
Accounts and other receivables, net 22,488 29,396 46,375
Inventories 334,031 311,837 429,517
Prepaid expenses and other current assets 27,131 23,633 29,921
Total current assets 392,044 420,286 508,504
Property and equipment, net 92,405 90,285 75,049
Operating lease right-of-use assets 238,296 251,460 233,852
Goodwill and other intangibles, net 217,909 218,855 218,119
Deferred tax assets 15,988 7,598 0
Other assets 41,878 45,951 41,258
Total assets 998,520 1,034,435 1,076,782
Current liabilities      
Accounts payable 63,541 58,556 117,269
Accrued expenses and other current liabilities 69,854 90,598 65,494
Operating lease liabilities 63,078 62,794 63,251
Income taxes payable 0 5,782 480
Current portion of long-term debt 8,100 8,100 8,100
Total current liabilities 204,573 225,830 254,594
Deferred tax liabilities 0 0 676
Operating lease liabilities, noncurrent 179,413 193,222 174,954
Revolving Credit Facility 38,000 0 91,000
Long-term debt, net 771,718 773,276 778,133
Other long-term liabilities 3,464 3,469 3,060
Total liabilities 1,197,168 1,195,797 1,302,417
Commitments and contingencies
Stockholders’ deficit      
Common stock, $0.001 par value, 1,000,000,000 shares authorized and 184,513,174, 184,333,670, and 183,564,172 issued and outstanding as of December 30, 2023, September 30, 2023, and December 31, 2022, respectively. 184 184 184
Additional paid in capital 101,547 99,280 92,508
Retained deficit (300,379) (260,826) (318,327)
Total stockholders’ deficit (198,648) (161,362) (225,635)
Total liabilities and stockholders’ deficit $ 998,520 $ 1,034,435 $ 1,076,782