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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Oct. 28, 2023
Jan. 28, 2023
Current assets:    
Cash and cash equivalents $ 15,596 $ 13,569
Restricted cash 366 366
Inventory 171,034 180,055
Prepaid expenses and other current assets 24,628 20,050
Prepaid income taxes 4,645 2,081
Total current assets 216,269 216,121
Property and equipment, net 100,746 113,613
Operating lease right-of-use assets 165,789 177,179
Deposits and other noncurrent assets 14,950 8,650
Deferred tax assets 3,301 3,301
Intangible asset 8,400 8,400
Total assets 509,455 527,264
Current liabilities:    
Accounts payable 79,031 76,207
Accrued and other current liabilities 102,411 108,847
Operating lease liabilities 42,954 45,008
Borrowings under credit facility 5,100 8,380
Less: current portion of term loan, net of unamortized original issue discount and debt financing costs 16,144 16,144
Due to related parties 6,766 12,741
Total current liabilities 252,406 267,327
Noncurrent operating lease liabilities 160,580 172,103
Total term loan, net of current portion and unamortized original issue discount and debt financing costs 292,589 304,697
Deferred compensation plan liabilities 4,753 4,246
Other noncurrent liabilities 8,363 9,115
Total liabilities 718,691 757,488
Commitments and contingencies (Note 15)
Stockholders' deficit    
Common shares: $0.01 par value; 1,000,000,000 shares authorized; 104,102,356 shares issued and outstanding at October 28, 2023; 103,774,813 shares issued and outstanding at January 28, 2023 1,042 1,038
Additional paid-in capital 133,714 128,205
Accumulated deficit (343,517) (359,206)
Accumulated other comprehensive loss (475) (261)
Total stockholders' deficit (209,236) (230,224)
Total liabilities and stockholders' deficit $ 509,455 $ 527,264