Cash flows from operating activities: | |
Net (loss) income | -25.6M |
Adjustments to reconcile net (loss) income to net cash used in operating activities: | |
Depreciation and amortization | 14.05M |
Amortization of deferred financing costs | 256K |
Stock-based compensation | 835K |
Excess tax benefits from stock-based compensation | |
Gain on sales of property and equipment | 219K |
Deferred income taxes | |
Tenant allowances received from landlords | 0 |
Changes in operating assets and liabilities: | |
Accounts receivable-trade | -1.59M |
Accounts receivable-other | -7.06M |
Merchandise inventories | 15.04M |
Income tax receivable | 1.13M |
Prepaid expenses and other assets | 816K |
Accounts payable | 12.1M |
Customer deposits | 5.25M |
Accrued liabilities | 4.36M |
Other long-term liabilities | 5.4M |
Net cash used in operating activities | 20.93M |
Cash flows from investing activities: | |
Purchases of property and equipment | -11.48M |
Proceeds from sales of property and equipment | 42K |
Net cash used in investing activities | -11.55M |
Cash flows from financing activities: | |
Purchases of treasury stock | |
Proceeds from exercise of stock options | |
Excess tax benefits from stock-based compensation | |
Net increase (decrease) in bank overdrafts | |
Net borrowings on line of credit | |
Payments on notes payable | |
Payment of financing costs | -1.44M |
Other, net | |
Net cash (used in) provided by financing activities | -11.88M |
Net decrease in cash and cash equivalents | -2.5M |
Cash and cash equivalents | |
Beginning of period | 3.7M |
End of period | 1.21M |
Supplemental disclosure of cash flow information: | |
Interest paid | 1.5M |
Income taxes paid | |
Capital expenditures included in accounts payable | 1.23M |