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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jan. 28, 2012
Jan. 29, 2011
Cash and cash equivalents $ 1,682 $ 1,236
Accounts receivable, net of allowances of $775 and $525, as of January 28, 2012 and January 29, 2011, respectively 17,671 20,305
Inventories 216,850 224,645
Prepaid expenses and other current assets 11,383 9,769
Total current assets 247,586 255,955
Property and equipment, net 24,493 28,050
Other assets, net 14,676 16,467
Total assets 286,755 300,472
Accounts payable 29,838 25,789
Accounts payable-affiliates 10,899 14,787
Accrued expenses and other liabilities 20,908 16,734
Current portion of notes payable-affiliate 0 373
Current portion of obligations under capital leases and other long-term debt 1,129 1,232
Total current liabilities 62,774 58,915
Revolving credit facility 30,057 57,879
Notes payable-affiliates 95,366 95,366
Long-term portion of obligations under capital leases 1,616 1,773
Other long-term liabilities 32,145 26,031
Total liabilities 221,958 239,964
Preferred stock, $.10 par value, 1,000,000 shares authorized as of January 28, 2012 and January 29, 2011, none issued 0 0
Common stock, $.01 par value, 20,000,000 shares authorized; 9,868,267 and 9,865,000 shares issued and outstanding as of January 28, 2012 and January 29, 2011, respectively 99 99
Additional paid-in capital 125,344 125,186
Accumulated deficit (52,069) (56,200)
Treasury stock, at cost, 898,249 shares as of January 28, 2012 and January 29, 2011 (8,577) (8,577)
Total shareholders’ equity 64,797 60,508
Total liabilities and shareholders’ equity $ 286,755 $ 300,472