|
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
|
3 Months Ended |
|
Apr. 28, 2012
|
Apr. 30, 2011
|
| OPERATING ACTIVITIES: |
|
|
| Net Income |
$ 2,985 |
$ 25,141 |
| Impact of Other Operating Activities on Cash Flows: |
|
|
| Depreciation and Amortization |
54,547 |
57,218 |
| Non-Cash Charge for Asset Impairment |
0 |
0 |
| Share-Based Compensation |
12,817 |
10,852 |
| Lessor Construction Allowances |
4,865 |
4,548 |
| Loss on Disposal / Write-off of Assets |
2,694 |
2,452 |
| Amortization of Deferred Lease Credits |
(11,998) |
(10,710) |
| Deferred Taxes |
(2,661) |
(8,528) |
| Tax Benefit (Deficiency) from Share-Based Compensation |
(84) |
(108) |
| Excess Tax Benefit from Share-Based Compensation |
(1,065) |
(1,356) |
| Changes in Assets and Liabilities: |
|
|
| Inventories |
52,724 |
28,803 |
| Accounts Payable and Accrued Expenses |
(106,920) |
(52,645) |
| Income Taxes |
(57,971) |
(34,489) |
| Other Assets and Liabilities |
5,555 |
(31,350) |
| NET CASH USED FOR OPERATING ACTIVITIES |
(44,512) |
(10,172) |
| INVESTING ACTIVITIES: |
|
|
| Capital Expenditures |
(103,822) |
(51,501) |
| Purchase of Trust-Owned Life Insurance Policies |
0 |
0 |
| Proceeds from Sales of Marketable Securities |
62,431 |
125 |
| Other investing |
(4,121) |
0 |
| NET CASH USED FOR INVESTING ACTIVITIES |
(45,512) |
(51,376) |
| FINANCING ACTIVITIES: |
|
|
| Proceeds from Share-Based Compensation |
99 |
9,084 |
| Excess Tax Benefit from Share-based Compensation |
1,065 |
1,356 |
| Purchase of Common Stock |
(159,065) |
(25,469) |
| Dividends Paid |
(14,813) |
(15,292) |
| Repayments of Borrowings Under the Credit Agreement |
0 |
0 |
| Change in Outstanding Checks and Other |
(1,717) |
869 |
| NET CASH USED FOR FINANCING ACTIVITIES |
(174,431) |
(29,452) |
| EFFECT OF EXCHANGE RATES ON CASH |
2,577 |
6,470 |
| NET DECREASE IN CASH AND EQUIVALENTS: |
(261,878) |
(84,530) |
| Cash and Equivalents, Beginning of Period |
583,495 |
826,353 |
| CASH AND EQUIVALENTS, END OF PERIOD |
321,617 |
745,570 |
| SIGNIFICANT NON-CASH INVESTING ACTIVITIES: |
|
|
| Change in Accrual for Construction in Progress |
$ 4,241 |
$ 10,674 |