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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
May 04, 2024
Apr. 29, 2023
Cash flows from operating activities:    
Net income $ 3,793 $ 6,967
Adjustments to reconcile net income to net cash used for operating activities:    
Amortization of deferred debt issuance costs 19 19
Gain from the sale of equipment (4) (96)
Depreciation and amortization 3,278 3,477
Deferred taxes, net of valuation allowance 1,352 2,383
Stock compensation expense 875 404
Board of directors' stock compensation 112 108
Changes in operating assets and liabilities:    
Accounts receivable 2,702 534
Inventories (10,270) (7,254)
Prepaid expenses and other current assets (1,249) (495)
Other assets (47) (5)
Accounts payable 11,130 (1,669)
Operating leases, net (2,783) (1,950)
Accrued expenses and other liabilities (10,033) (6,657)
Net cash used for operating activities (1,125) (4,234)
Cash flows from investing activities:    
Additions to property and equipment, net (5,863) (1,709)
Proceeds from sale of equipment 4 96
Purchase of short-term investments (10,003) (16,064)
Maturity of short-term investments 5,908  
Net cash used for investing activities (9,954) (17,677)
Cash flows from financing activities:    
Repurchase of common stock (211)  
Tax withholdings paid related to net share settlements (48) (446)
Proceeds from the exercise of stock options 76 216
Net cash used for financing activities (183) (230)
Net decrease in cash and cash equivalents (11,262) (22,141)
Cash and cash equivalents:    
Beginning of period 27,590 52,074
End of period 16,328 29,933
Supplemental Disclosures of Cash Flow Information:    
Cash paid during the period for income taxes 104  
Cash paid during the period for interest 90 62
Non-cash activity during the period:    
Capital expenditures incurred but not yet paid $ 841 $ 126