10-K
Annual Report
VINCE HOLDING CORP.
VNCE
NYSE
CIK: 1579157
File #: 001-36212
Balance Sheet
45 line items · 2 periods
XBRL
| Item | Feb 3, 2024 | Jan 28, 2023 |
|---|---|---|
Assets | ||
Current assets: | ||
Cash and cash equivalents | 357,000 | 1,079,000 |
Trade receivables, net of allowance for doubtful accounts of $377 and $759 at February 3, 2024 and January 28, 2023, respectively | 20,671,000 | 20,733,000 |
Inventories, net | 58,777,000 | 90,008,000 |
Prepaid expenses and other current assets | 4,997,000 | 3,515,000 |
Total current assets | 84,802,000 | 115,335,000 |
Property and equipment, net | 6,972,000 | 10,479,000 |
Operating lease right-of-use assets, net | 73,003,000 | 72,616,000 |
Intangible assets, net | — | 70,106,000 |
Goodwill | 31,973,000 | 31,973,000 |
Vince, LLC - Wholesale | 31,973,000 | 31,973,000 |
Assets held for sale | — | 260,000 |
Parker - Tradenames | — | 260,000 |
Equity method investment | 26,147,000 | — |
Other assets | 2,252,000 | 2,576,000 |
Total assets | 225,149,000 | 303,345,000 |
Operating Segments - Rebecca Taylor and Parker | — | 981,000 |
Operating Segments - Vince Direct-to-Consumer | 87,648,000 | 95,499,000 |
Operating Segments - Vince Wholesale | 51,489,000 | 83,134,000 |
Unallocated Corporate | 86,012,000 | 123,731,000 |
Liabilities and Stockholders' Equity | ||
Current liabilities: | ||
Accounts payable | 31,678,000 | 49,396,000 |
Accrued salaries and employee benefits | 3,967,000 | 4,301,000 |
Other accrued expenses | 8,980,000 | 15,020,000 |
Short-term lease liabilities | 16,803,000 | 20,892,000 |
Current portion of long-term debt | — | 3,500,000 |
Total current liabilities | 61,428,000 | 93,109,000 |
Long-term debt | 43,950,000 | 108,078,000 |
Third Lien Credit Facility - Related Party | 29,982,000 | 29,982,000 |
Long-term lease liabilities | 67,705,000 | 72,098,000 |
Deferred income tax liability | 4,913,000 | 8,934,000 |
Other liabilities | — | 869,000 |
Stockholders' equity: | ||
Common stock at $0.01 par value (100,000,000 shares authorized, 12,506,556 and 12,335,405 shares issued and outstanding at February 3, 2024 and January 28, 2023, respectively) | 125,000 | 123,000 |
Additional paid-in capital | 1,144,740,000 | 1,143,295,000 |
Accumulated deficit | (1,097,634,000) | (1,123,080,000) |
Accumulated other comprehensive loss | (78,000) | (81,000) |
Total stockholders' equity | 47,153,000 | 20,257,000 |
Common Stock | 125,000 | 123,000 |
Accumulated Deficit | (1,097,634,000) | (1,123,080,000) |
Accumulated Other Comprehensive Loss | (78,000) | (81,000) |
Additional Paid-In Capital | 1,144,740,000 | 1,143,295,000 |
Total liabilities and stockholders' equity | 225,149,000 | 303,345,000 |