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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 27, 2025
Dec. 28, 2024
Current assets:    
Cash and cash equivalents $ 1,264 $ 1,950
Accounts receivable, net of allowances of $920 and $1,113, respectively 13,902 17,516
Inventories 89,831 103,152
Income taxes receivable 11,903 0
Prepaid expenses 14,355 14,568
Other current assets 38,545 44,098
Total current assets 169,800 181,284
Non-current assets:    
Property and equipment, net 95,126 129,574
Operating lease right-of-use assets 316,959 356,641
Goodwill and intangible assets, net 66,246 66,412
Deferred income taxes 24,930 33,575
Other non-current assets 76,327 93,324
Total assets 749,388 860,810
Current liabilities:    
Borrowings under credit facility 579,500 546,600
Accounts payable 106,967 107,619
Customer prepayments 36,754 46,933
Accrued sales returns 14,932 19,092
Compensation and benefits 18,537 31,038
Taxes and withholding 10,555 18,619
Operating lease liabilities 82,001 82,307
Other current liabilities 49,566 55,804
Total current liabilities 898,812 908,012
Non-current liabilities:    
Operating lease liabilities 279,028 307,201
Other non-current liabilities 92,890 97,183
Total liabilities 1,270,730 1,312,396
Shareholders’ deficit:    
Undesignated preferred stock; 5,000 shares authorized, no shares issued and outstanding 0 0
Common stock, $0.01 par value; 142,500 shares authorized, 22,790 and 22,388 shares issued and outstanding, respectively 228 224
Additional paid-in capital 31,078 27,390
Accumulated deficit (552,648) (479,200)
Total shareholders’ deficit (521,342) (451,586)
Total liabilities and shareholders’ deficit $ 749,388 $ 860,810