National Vision Holdings Inc
For the period ended Jun 29, 2024. Filed Aug 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 29, 2024 · Filed Aug 7, 2024
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4. Details of Certain Balance Sheet Accounts
- Details of Certain Balance Sheet Accounts
The following table provides a reconciliation of cash and cash equivalents reported within the Condensed Consolidated Balance sheets to the total of Cash, cash equivalents and restricted cash shown in the Condensed Consolidated Statement of Cash Flows:
| Six Months Ended | ||
|---|---|---|
| In thousands | June 29, 2024 | July 1, 2023 |
| Cash, cash equivalents and restricted cash: | ||
| Cash and cash equivalents | $179,515 | $254,647 |
| Restricted cash included in other assets | 1,477 | 1,337 |
| $180,992 | $255,984 | |
The following tables provide additional details of certain balance sheet accounts as of the dates shown below:
| In thousands | As ofJune 29, 2024 | As ofDecember 30, 2023 |
|---|---|---|
| Accounts receivable, net: | ||
| Trade receivables | $29,096 | $43,518 |
| Credit card receivables | 16,879 | 27,905 |
| Other receivables (1) | 16,451 | 15,747 |
| Allowance for credit losses | (1,358) | (316) |
| $61,068 | $86,854 | |
| (1) Includes Coronavirus Aid, Relief, and Economic Security (“CARES”) Act receivable in the amount of $9.0 million as of June 29, 2024 and December 30, 2023. | ||
| In thousands | As ofJune 29, 2024 | As ofDecember 30, 2023 |
|---|---|---|
| Inventories: | ||
| Raw materials and work in process (1) | $55,838 | $57,367 |
| Finished goods | 35,118 | 62,541 |
| $90,956 | $119,908 | |
| (1)Due to the immaterial amount of estimated work in process and the short lead times for the conversion of raw materials to finished goods, the Company does not separately present raw materials and work in process. | ||
| In thousands | As ofJune 29, 2024 | As ofDecember 30, 2023 |
|---|---|---|
| Other payables and accrued expenses: | ||
| Associate compensation and benefits | $43,684 | $62,614 |
| Self-insurance liabilities | 9,284 | 9,139 |
| Capital expenditures | 12,124 | 5,412 |
| Advertising | 4,862 | 6,446 |
| Reserves for customer returns and remakes | 4,884 | 9,093 |
| Payable to Walmart | 697 | 6,068 |
| Income taxes payable | 3,032 | 1,863 |
| Supplies and other store support expenses | 4,973 | 5,434 |
| Litigation settlements (See Note 11) | 4,950 | 500 |
| Other | 21,514 | 16,719 |
| $110,004 | $123,288 | |
| In thousands | As ofJune 29, 2024 | As ofDecember 30, 2023 |
|---|---|---|
| Other noncurrent liabilities: | ||
| Self-insurance liabilities | $5,816 | $5,657 |
| Other | 2,565 | 2,808 |
| $8,381 | $8,465 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.