|
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
|
6 Months Ended |
|
Jul. 28, 2012
|
Jul. 30, 2011
|
| Operating activities: |
|
|
| Net income |
$ 2,179 |
$ 2,062 |
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation and amortization |
12,183 |
11,935 |
| Asset impairment |
|
1,609 |
| Loss on disposal of property and equipment |
10 |
216 |
| Deferred income taxes |
(852) |
79 |
| Noncash stock-based compensation expense |
1,227 |
1,638 |
| Excess tax benefits from stock-based payment arrangements |
432 |
(847) |
| Changes in assets and liabilities: |
|
|
| Inventory |
(2,247) |
(881) |
| Prepaid and other current assets |
391 |
1,798 |
| Other assets |
24 |
(21) |
| Accounts payable |
(6,982) |
(6,379) |
| Accrued expenses and other long-term liabilities |
1,365 |
3,135 |
| Accrued compensation |
447 |
780 |
| Income tax receivable/payable |
4,454 |
(2,877) |
| Layaway deposits |
1,392 |
1,225 |
| Net cash provided by operating activities |
14,023 |
13,472 |
| Investing activities: |
|
|
| Sales/redemptions of investment securities |
34 |
835 |
| Purchases of investment securities |
|
(11,012) |
| Purchases of property and equipment |
(3,526) |
(23,214) |
| Net cash used in investing activities |
(3,492) |
(33,391) |
| Financing activities: |
|
|
| Excess tax benefits from stock-based payment arrangements |
(432) |
847 |
| Proceeds from the exercise of stock options |
|
22 |
| Shares acquired to settle withholding taxes on the vesting of nonvested restricted stock |
(355) |
(685) |
| Net cash (used in) provided by financing activities |
(787) |
184 |
| Net increase (decrease) in cash and cash equivalents |
9,744 |
(19,735) |
| Cash and cash equivalents: |
|
|
| Beginning of period |
41,986 |
69,231 |
| End of period |
51,730 |
49,496 |
| Supplemental disclosures of cash flow information: |
|
|
| Cash paid for interest |
77 |
|
| Cash (refunds) payments of income taxes |
(2,469) |
4,062 |
| Supplemental disclosures of noncash investing activities: |
|
|
| (Decrease) increase in accrual for purchases of property and equipment |
$ (884) |
$ 794 |