CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands |
3 Months Ended |
Apr. 29, 2017 |
Apr. 30, 2016 |
| Cash flows from operating activities: |
|
|
| Net loss |
$ (57,315)
|
$ (37,818)
|
| Adjustments to reconcile net loss to net cash (used in) provided by operating activities: |
|
|
| Depreciation and amortization |
22,207
|
23,194
|
| Amortization of lease-related interests |
954
|
1,007
|
| Share-based compensation expense |
590
|
896
|
| Loss on sale of property, fixtures and equipment |
43
|
21
|
| Reclassifications of accumulated other comprehensive loss |
1,284
|
1,464
|
| Loss on extinguishment of debt |
559
|
|
| Amortization of deferred financing costs and debt discount |
1,644
|
849
|
| Deferred income tax benefit |
(48)
|
(144)
|
| Changes in operating assets and liabilities: |
|
|
| Decrease (increase) in merchandise inventories |
10,723
|
(414)
|
| Decrease in prepaid expenses and other current assets |
15,691
|
25,008
|
| (Increase) decrease in other long-term assets |
(14)
|
577
|
| (Decrease) increase in accounts payable |
(28,868)
|
2,533
|
| Increase (decrease) in accrued payroll and benefits and accrued expenses |
4,267
|
(5,102)
|
| (Decrease) increase in other long-term liabilities |
(2,712)
|
207
|
| Net cash (used in) provided by operating activities |
(30,995)
|
12,278
|
| Cash flows from investing activities: |
|
|
| Capital expenditures |
(9,781)
|
(12,626)
|
| Proceeds from sale of property, fixtures and equipment |
24
|
7
|
| Net cash used in investing activities |
(9,757)
|
(12,619)
|
| Cash flows from financing activities: |
|
|
| Payments on long-term debt and capital lease and financing obligations |
(122,471)
|
(144,117)
|
| Proceeds from issuance of long-term debt and financing obligations |
166,465
|
151,461
|
| Restricted shares forfeited in lieu of payroll taxes |
(40)
|
(120)
|
| Deferred financing costs paid |
(6,589)
|
(495)
|
| Increase (decrease) in book overdraft balances |
3,663
|
(5,460)
|
| Net cash provided by financing activities |
41,028
|
1,269
|
| Net increase in cash and cash equivalents |
276
|
928
|
| Cash and cash equivalents at beginning of period |
6,736
|
6,879
|
| Cash and cash equivalents at end of period |
$ 7,012
|
$ 7,807
|