Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
9 Months Ended |
Oct. 31, 2020 |
Nov. 02, 2019 |
| Operating activities: |
|
|
| Net income |
$ 5,940
|
$ 7,081
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation |
14,582
|
13,741
|
| Non-cash operating lease costs |
36,082
|
33,920
|
| Asset impairment |
286
|
472
|
| Loss on disposal of property and equipment |
22
|
23
|
| Deferred income taxes |
1,143
|
194
|
| Insurance proceeds related to operating activities |
|
1,012
|
| Non-cash stock-based compensation expense |
1,502
|
1,446
|
| Changes in assets and liabilities: |
|
|
| Inventory |
23,853
|
4,079
|
| Prepaid and other current assets |
(7,360)
|
(1,064)
|
| Other assets |
3
|
(12)
|
| Accounts payable |
7,653
|
(1,803)
|
| Accrued expenses and other long-term liabilities |
(25,266)
|
(33,142)
|
| Accrued compensation |
3,432
|
(3,175)
|
| Income tax receivable/payable |
(12)
|
(3,343)
|
| Layaway deposits |
1,183
|
1,682
|
| Net cash provided by operating activities |
63,043
|
21,111
|
| Investing activities: |
|
|
| Sales/redemptions of investment securities |
43,759
|
44,615
|
| Purchases of investment securities |
(522)
|
(33,959)
|
| Purchases of property and equipment |
(11,888)
|
(13,227)
|
| Insurance proceeds related to investing activities |
|
573
|
| Net cash provided by (used in) investing activities |
31,349
|
(1,998)
|
| Financing activities: |
|
|
| Borrowings under revolving credit facility |
43,700
|
|
| Repayments of revolving credit facility |
(43,700)
|
|
| Cash used to settle withholding taxes on the vesting of nonvested restricted stock |
(580)
|
(728)
|
| Dividends paid to stockholders |
(831)
|
(2,850)
|
| Repurchases of common stock |
(16,142)
|
(9,667)
|
| Net cash used in financing activities |
(17,553)
|
(13,245)
|
| Net increase in cash and cash equivalents |
76,839
|
5,868
|
| Cash and cash equivalents: |
|
|
| Beginning of period |
19,923
|
17,863
|
| End of period |
96,762
|
23,731
|
| Supplemental disclosures of cash flow information: |
|
|
| Cash paid for interest |
733
|
95
|
| Cash payments of income taxes |
665
|
4,460
|
| Supplemental disclosures of non-cash investing activities: |
|
|
| Accrual for purchases of property and equipment |
$ 1,400
|
$ 873
|