10-Q
Quarterly Report
VINCE HOLDING CORP.
VNCE
NYSE
CIK: 1579157
File #: 001-36212
Balance Sheet
40 line items · 2 periods
XBRL
| Item | Aug 3, 2024 | Feb 3, 2024 |
|---|---|---|
Assets | ||
Current assets: | ||
Cash and cash equivalents | 711,000 | 357,000 |
Trade receivables, net of allowance for doubtful accounts of $329 and $377 at August 3, 2024 and February 3, 2024, respectively | 35,054,000 | 20,671,000 |
Inventories, net | 66,343,000 | 58,777,000 |
Prepaid expenses and other current assets1 | 6,564,000 | 4,997,000 |
Total current assets | 108,672,000 | 84,802,000 |
Property and equipment, net | 6,298,000 | 6,972,000 |
Operating lease right-of-use assets, net | 79,659,000 | 73,003,000 |
Goodwill | 31,973,000 | 31,973,000 |
Vince - Wholesale | 31,973,000 | 31,973,000 |
Equity method investment | 24,727,000 | 26,147,000 |
Other assets | 2,294,000 | 2,252,000 |
Total assets | 253,623,000 | 225,149,000 |
Operating Segments - Vince Direct-to-Consumer | 93,863,000 | 87,648,000 |
Operating Segments - Vince Wholesale | 71,797,000 | 51,489,000 |
Operating Segments - Rebecca Taylor and Parker | 0 | 0 |
Unallocated Corporate | 87,963,000 | 86,012,000 |
Liabilities and Stockholders' Equity | ||
Current liabilities: | ||
Accounts payable | 36,736,000 | 31,678,000 |
Accrued salaries and employee benefits | 6,442,000 | 3,967,000 |
Other accrued expenses2 | 9,545,000 | 8,980,000 |
Short-term lease liabilities | 14,787,000 | 16,803,000 |
Total current liabilities | 67,510,000 | 61,428,000 |
Long-term debt | 54,401,000 | 43,950,000 |
Third Lien Credit Agreement - Related Party | 32,260,000 | 29,982,000 |
Long-term lease liabilities | 75,704,000 | 67,705,000 |
Deferred income tax liability | 3,567,000 | 4,913,000 |
Stockholders' equity: | ||
Common stock at $0.01 par value (100,000,000 shares authorized, 12,603,273 and 12,506,556 shares issued and outstanding at August 3, 2024 and February 3, 2024, respectively) | 126,000 | 125,000 |
Additional paid-in capital | 1,144,948,000 | 1,144,740,000 |
Accumulated deficit | (1,092,685,000) | (1,097,634,000) |
Accumulated other comprehensive income (loss) | 52,000 | (78,000) |
Total stockholders' equity | 52,441,000 | 47,153,000 |
Accumulated Deficit | (1,092,685,000) | (1,097,634,000) |
Additional Paid-In Capital | 1,144,948,000 | 1,144,740,000 |
Common Stock | 126,000 | 125,000 |
Accumulated Other Comprehensive Loss | 52,000 | (78,000) |
Total liabilities and stockholders' equity | 253,623,000 | 225,149,000 |