10-Q
Quarterly Report
VINCE HOLDING CORP.
VNCE
NYSE
CIK: 1579157
File #: 001-36212
Balance Sheet
43 line items · 2 periods
XBRL
| Item | Oct 28, 2023 | Jan 28, 2023 |
|---|---|---|
Assets | ||
Current assets: | ||
Cash and cash equivalents | 1,217,000 | 1,079,000 |
Trade receivables, net of allowance for doubtful accounts of $247 and $759 at October 28, 2023 and January 28, 2023, respectively | 28,334,000 | 20,733,000 |
Inventories, net | 69,560,000 | 90,008,000 |
Prepaid expenses and other current assets | 5,082,000 | 3,515,000 |
Total current assets | 104,193,000 | 115,335,000 |
Property and equipment, net | 7,651,000 | 10,479,000 |
Operating lease right-of-use assets, net | 72,591,000 | 72,616,000 |
Intangible assets, net | — | 70,106,000 |
Goodwill | 31,973,000 | 31,973,000 |
Vince - Wholesale | 31,973,000 | 31,973,000 |
Assets held for sale | — | 260,000 |
Equity method investment | 26,500,000 | — |
Other assets | 2,384,000 | 2,576,000 |
Total assets | 245,292,000 | 303,345,000 |
Operating Segments - Vince Wholesale | 97,062,000 | 83,134,000 |
Operating Segments - Vince Direct-to-Consumer | 91,892,000 | 95,499,000 |
Unallocated Corporate | 56,338,000 | 123,731,000 |
Operating Segments - Rebecca Taylor and Parker | 0 | 981,000 |
Liabilities and Stockholders' Equity | ||
Current liabilities: | ||
Accounts payable | 30,451,000 | 49,396,000 |
Accrued salaries and employee benefits | 3,726,000 | 4,301,000 |
Other accrued expenses | 10,824,000 | 15,020,000 |
Short-term lease liabilities | 18,477,000 | 20,892,000 |
Current portion of long-term debt | — | 3,500,000 |
Total current liabilities | 63,478,000 | 93,109,000 |
Long-term debt | 57,926,000 | 108,078,000 |
Long-term lease liabilities | 69,447,000 | 72,098,000 |
Deferred income tax liability | 3,029,000 | 8,934,000 |
Other liabilities | — | 869,000 |
Stockholders' equity: | ||
Common stock at $0.01 par value (100,000,000 shares authorized, 12,502,343 and 12,335,405 shares issued and outstanding at October 28, 2023 and January 28, 2023, respectively) | 125,000 | 123,000 |
Additional paid-in capital | 1,144,345,000 | 1,143,295,000 |
Accumulated deficit | (1,092,966,000) | (1,123,080,000) |
Accumulated other comprehensive loss | (92,000) | (81,000) |
Total stockholders' equity | 51,412,000 | 20,257,000 |
Accumulated Other Comprehensive Loss | (92,000) | (81,000) |
Additional Paid-In Capital | 1,144,345,000 | 1,143,295,000 |
Accumulated Deficit | (1,092,966,000) | (1,123,080,000) |
Common Stock | 125,000 | 123,000 |
Total liabilities and stockholders' equity | 245,292,000 | 303,345,000 |