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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Nov. 02, 2024
Feb. 03, 2024
Current assets:    
Cash and cash equivalents $ 43,953 $ 11,735
Restricted cash 399 399
Inventory 138,261 142,199
Prepaid expenses and other current assets 33,343 22,229
Prepaid income taxes 6,617 2,561
Total current assets 222,573 179,123
Property and equipment, net 85,569 103,516
Operating lease right-of-use assets 149,732 162,444
Deposits and other noncurrent assets 18,027 14,783
Deferred tax assets 8,681 8,681
Intangible asset 8,400 8,400
Total assets 492,982 476,947
Current liabilities:    
Accounts payable 77,478 46,183
Accrued and other current liabilities 116,650 107,750
Operating lease liabilities 36,312 42,760
Borrowings under credit facility 0 7,270
Current portion of term loan 16,144 16,144
Due to related parties 4,330 9,329
Income taxes payable 62 2,671
Total current liabilities 250,976 232,107
Noncurrent operating lease liabilities 145,126 155,825
Term loan 276,445 288,553
Deferred compensation 3,735 5,474
Other noncurrent liabilities 5,986 6,705
Total liabilities 682,268 688,664
Commitments and contingencies (Note 15)
Stockholders' deficit    
Preferred shares: $0.01 par value; 5,000,000 shares authorized; zero shares issued and outstanding at November 2, 2024 and February 3, 2024 0 0
Common shares: $0.01 par value; 1,000,000,000 shares authorized; 104,732,148 shares issued and outstanding at November 2, 2024; 104,204,554 shares issued and outstanding at February 3, 2024 1,049 1,043
Additional paid-in capital 138,532 135,140
Accumulated deficit (328,281) (347,587)
Accumulated other comprehensive loss (586) (313)
Total stockholders' deficit (189,286) (211,717)
Total liabilities and stockholders' deficit $ 492,982 $ 476,947