XML 35 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Nov. 01, 2014
Nov. 02, 2013
Operating activities    
Net income (loss) $ 25,196 $ (28,002)
Less: Net loss from discontinued operations   (43,086)
Add (deduct) items not affecting operating cash flows:    
Depreciation 3,111 1,396
Amortization of intangible assets 449 449
Amortization of deferred financing costs 912  
Amortization of deferred rent 2,182 263
Deferred income taxes 15,695 2,795
Share-based compensation expense 1,250  
Capitalized PIK Interest   15,883
Loss on disposal of property, plant and equipment   262
Changes in assets and liabilities:    
Receivable, net 2,106 (6,433)
Inventories, net (18,769) (17,331)
Prepaid expenses and other current assets 4,825 (648)
Accounts payable and accrued expenses 3,521 3,289
Other assets and liabilities 958 124
Net cash provided by operating activities-continuing operations 41,436 15,133
Net cash used in operating activities-discontinued operations   (56,863)
Net cash provided by/(used in) operating activities 41,436 (41,730)
Investing activities    
Payments for capital expenditures (15,306) (7,431)
Net cash used in investing activities-continuing operations (15,306) (7,431)
Net cash provided by investing activities-discontinued operations   1,506
Net cash used in investing activities (15,306) (5,925)
Financing activities    
Proceeds from borrowings under the Revolving Credit Facility 22,600  
Payments for Revolving Credit Facility (2,100)  
Payments for Term Loan Facility (68,000)  
Fees paid for Term Loan Facility and Revolving Credit Facility (114)  
Stock option exercise 34 32
Net cash (used in)/provided by financing activities-continuing operations (47,580) 32
Net cash provided by financing activities-discontinued operations   47,450
Net cash (used in)/provided by financing activities (47,580) 47,482
Decrease in cash and cash equivalents (21,450) (173)
Cash and cash equivalents, beginning of period 21,484 1,881
Cash and cash equivalents, end of period 34 1,708
Less: Cash and cash equivalents of discontinued operations, end of period   (1,404)
Cash and cash equivalents of continuing operations, end of period 34 304
Supplemental Disclosures of Cash Flow Information, continuing operations    
Cash payments for interest 6,966  
Cash payments for income taxes, net of refunds 65 31
Supplemental Disclosures of Non-Cash Investing and Financing Activities    
Capital expenditures in accounts payable 223 514
Forgiveness of principal and capitalized and accrued interest on related-party debt   (407,527)
Capital contribution from stockholder   407,527
Discontinued Operations [Member]
   
Supplemental Disclosures of Cash Flow Information, continuing operations    
Cash payments for interest   20,644
Cash payments for income taxes, net of refunds   $ 536