|
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
|
9 Months Ended |
|
Oct. 29, 2011
|
Oct. 30, 2010
|
| Operating activities: |
|
|
| Net (loss) income |
$ (4,699) |
$ 11,488 |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: |
|
|
| Depreciation and amortization |
18,389 |
14,653 |
| Asset impairment |
2,305 |
190 |
| Loss on disposal of property and equipment |
267 |
|
| Gain on insurance claims |
|
(383) |
| Deferred income taxes |
(7) |
(886) |
| Noncash stock-based compensation expense |
2,192 |
2,352 |
| Excess tax benefits from stock-based payment arrangements |
(860) |
(1,522) |
| Changes in assets and liabilities: |
|
|
| Inventory |
(5,724) |
(14,399) |
| Prepaid and other current assets |
(1,210) |
(266) |
| Other assets |
(229) |
(75) |
| Accounts payable |
(3,814) |
(1,351) |
| Accrued expenses and other long-term liabilities |
5,877 |
1,795 |
| Accrued compensation |
323 |
(1,104) |
| Income tax receivable/payable |
(8,189) |
(6,763) |
| Layaway deposits |
2,919 |
2,555 |
| Net cash provided by operating activities |
7,540 |
6,284 |
| Investing activities: |
|
|
| Sales/redemptions of investment securities |
1,080 |
33,025 |
| Purchases of investment securities |
(11,049) |
(4,752) |
| Purchases of property and equipment |
(33,766) |
(28,648) |
| Net cash used in investing activities |
(43,735) |
(375) |
| Financing activities: |
|
|
| Excess tax benefits from stock-based payment arrangements |
860 |
1,522 |
| Proceeds from the exercise of stock options |
23 |
224 |
| Cash used to settle withholding taxes on the vesting of nonvested restricted stock |
(694) |
(1,016) |
| Net cash provided by financing activities |
189 |
730 |
| Net (decrease) increase in cash and cash equivalents |
(36,006) |
6,639 |
| Cash and cash equivalents: |
|
|
| Beginning of period |
69,231 |
62,993 |
| End of period |
33,225 |
69,632 |
| Supplemental disclosures of cash flow information: |
|
|
| Cash paid for income taxes |
4,214 |
13,673 |
| Supplemental disclosures of noncash investing activities: |
|
|
| Receivable for insurance proceeds on property and equipment |
|
(674) |
| Decrease in accrual for purchases of property and equipment |
$ (1,320) |
$ (426) |