• Net sales totaled $357.4 million
• Operating income of $8.2 million, or 2.3% of net sales, adjusted operating income of 3.7%
• Inventory ended the quarter at $306 million, a reduction of $29 million from Q1, and down $182 million, or 37%, from peak levels
• Cash generated by operating activities of $29.5 million, the fourth consecutive quarter of positive cash flow
• Borrowings on credit facilities of $205 million, a $41 million decrease from the first quarter, and down $90 million, or 30%, from the beginning of the fiscal year
• Enhanced the capital structure by amending the credit facility with the addition of a 5-year, $100 million Term Loan A, which provides additional liquidity to grow the business

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