XML 17 R7.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Apr. 29, 2023
Apr. 30, 2022
Cash flows from operating activities:    
Net income $ 6,967 $ 13,388
Adjustments to reconcile net income to net cash used for by operating activities:    
Amortization of deferred debt issuance costs 19 19
Impairment (gain) of assets   (351)
Gain from the sale of equipment (96)  
Depreciation and amortization 3,477 3,987
Deferred taxes, net of valuation allowance 2,383  
Stock compensation expense 404 366
Board of directors' stock compensation 108 125
Changes in operating assets and liabilities:    
Accounts receivable 534 938
Inventories (7,254) (15,104)
Prepaid expenses and other current assets (495) (1,462)
Other assets (5) (20)
Accounts payable (1,669) 4,248
Operating leases, net (1,950) (1,874)
Accrued expenses and other liabilities (6,657) (5,803)
Net cash used for operating activities (4,234) (1,543)
Cash flows from investing activities:    
Additions to property and equipment, net (1,709) (1,184)
Proceeds from sale of equipment 96  
Purchase of short-term investments (16,064)  
Net cash used for investing activities (17,677) (1,184)
Cash flows from financing activities:    
Repurchase of common stock   (4,847)
Tax withholdings paid related to net share settlements (446) (415)
Proceeds from the exercise of stock options 216 23
Net cash used for financing activities (230) (5,239)
Net increase in cash and cash equivalents (22,141) (7,966)
Cash and cash equivalents:    
Beginning of period 52,074 15,506
End of period $ 29,933 $ 7,540