|
Consolidated Statements of Cash Flows (Unaudited) (USD $) In Thousands
|
3 Months Ended |
|
Apr. 30, 2011
|
May 01, 2010
|
| Operating activities: |
 |
 |
| Net income |
$ 52,471 |
$ 55,898 |
| Adjustments to reconcile net income to net cash provided by operating activities: |
 |
 |
| Depreciation and amortization expense |
19,304 |
18,275 |
| Deferred income taxes |
(5,140) |
9,049 |
| Loss on disposition of equipment |
155 |
20 |
| Non-cash share-based compensation expense |
6,831 |
7,762 |
| Pension expense, net of contributions |
282 |
961 |
| Change in assets and liabilities: |
 |
 |
| Inventories |
(22,719) |
(13,889) |
| Accounts payable |
69,607 |
49,982 |
| Current income taxes |
5,787 |
(11,049) |
| Other current assets |
(380) |
(5,412) |
| Other current liabilities |
(6,577) |
(6,256) |
| Other assets |
(2,441) |
(4,355) |
| Other liabilities |
8,365 |
6,775 |
| Net cash provided by operating activities |
125,545 |
107,761 |
| Investing activities: |
 |
 |
| Capital expenditures |
(19,197) |
(11,484) |
| Cash proceeds from sale of property and equipment |
100 |
66 |
| Other |
(2) |
(9) |
| Net cash used in investing activities |
(19,099) |
(11,427) |
| Financing activities: |
 |
 |
| Payment of capital lease obligations |
(599) |
(646) |
| Proceeds from the exercise of stock options |
3,469 |
27,244 |
| Excess tax benefit from share-based awards |
1,546 |
12,850 |
| Payment for treasury shares acquired |
(4,626) |
(158,629) |
| Other |
120 |
62 |
| Net cash used in financing activities |
(90) |
(119,119) |
| Increase (decrease) in cash and cash equivalents |
106,356 |
(22,785) |
| Cash and cash equivalents: |
 |
 |
| Beginning of period |
177,539 |
283,733 |
| End of period |
283,895 |
260,948 |
| Supplemental disclosure of cash flow information: |
 |
 |
| Cash paid for interest, including capital leases |
36 |
41 |
| Cash paid for income taxes, excluding impact of refunds |
31,269 |
22,922 |
| Non-cash activity: |
 |
 |
| Assets acquired under capital leases |
130 |
0 |
| Accrued property and equipment |
$ 8,060 |
$ 8,227 |