Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.20.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Aug. 01, 2020
Aug. 03, 2019
Aug. 01, 2020
Aug. 03, 2019
Income Statement [Abstract]        
Net sales $ 124,515 $ 131,503 $ 220,349 $ 263,024
Cost of sales 78,223 83,777 138,500 178,005
Gross profit 46,292 47,726 81,849 85,019
Operating expense:        
Distribution and selling 31,875 43,521 65,610 90,385
General and administrative 5,104 5,532 10,471 12,401
Depreciation and amortization 6,842 2,502 8,723 4,181
Restructuring costs 0 5,165 209 5,165
Executive and management transition expense 0 310 0 2,341
Total operating expense 43,821 57,030 85,013 114,473
Operating income (loss) 2,471 (9,304) (3,164) (29,454)
Other income (expense):        
Interest income 0 6 1 11
Interest expense (1,402) (864) (2,581) (1,694)
Total other expense, net (1,402) (858) (2,580) (1,683)
Income (loss) before income taxes 1,069 (10,162) (5,744) (31,137)
Income tax provision (15) (15) (30) (30)
Net income (loss) $ 1,054 $ (10,177) $ (5,774) $ (31,167)
Net income (loss) per common share $ 0.11 $ (1.35) $ (0.65) $ (4.36)
Net income (loss) per common share — assuming dilution $ 0.11 $ (1.35) $ (0.65) $ (4.36)
Weighted average number of common shares outstanding:        
Basic 9,532,369 7,550,265 8,911,580 7,141,055
Diluted 9,896,729 7,550,265 8,911,580 7,141,055