|
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
|
12 Months Ended |
|
Jan. 28, 2012
|
Jan. 29, 2011
|
Jan. 30, 2010
|
| CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
|
| Net income |
$ 140,697 |
$ 127,388 |
$ 75,307 |
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
| Depreciation and amortization |
68,102 |
68,557 |
72,434 |
| Loss on disposal of property and equipment |
164 |
1,996 |
545 |
| Impairment charge |
55 |
459 |
2,623 |
| Bad debt expense |
0 |
0 |
2,602 |
| Non-cash interest expense |
0 |
0 |
132 |
| Change in fair value of interest rate swap |
0 |
(1,968) |
(2,444) |
| Share-based Compensation Expense |
10,089 |
5,296 |
2,048 |
| Non-cash loss on extinguishment of debt |
5,170 |
8,781 |
0 |
| Deferred taxes |
(320) |
(19,015) |
(337) |
| Changes in operating assets and liabilities: |
|
|
|
| Receivables, net |
884 |
(5,190) |
4,167 |
| Inventories |
(23,741) |
(13,505) |
(1,502) |
| Accounts payable, deferred revenue, and accrued expenses |
(7,028) |
40,069 |
44,397 |
| Accounts payable and accrued expenses – related parties |
2,950 |
(9,966) |
(10,181) |
| Other assets and liabilities |
15,587 |
17,056 |
10,930 |
| Net cash provided by operating activities |
212,609 |
219,958 |
200,721 |
| CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
|
| Capital expenditures |
(77,176) |
(54,843) |
(26,853) |
| Purchase of intangible assets |
(60) |
0 |
(20) |
| Net cash provided by (used in) investing activities |
(77,236) |
(54,843) |
(26,873) |
| CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
|
| Borrowings under Senior Notes |
0 |
246,498 |
0 |
| Net proceeds from equity offering |
0 |
166,898 |
0 |
| Repayments of short-term debt arrangements |
0 |
0 |
(75,000) |
| Repayments of long-term debt arrangements |
(169,775) |
(301,563) |
(7,118) |
| Costs incurred in connection with debt arrangements and Senior Notes |
(1,192) |
(12,211) |
(123) |
| Payments on capital lease obligation |
(14) |
0 |
0 |
| Costs incurred in connection with equity offering |
0 |
(6,498) |
(317) |
| Proceeds from share-based compensation |
309 |
0 |
0 |
| Repurchase of common stock |
(103) |
0 |
0 |
| Repurchase of equity interests |
0 |
0 |
(3) |
| Repayment of notes receivable |
0 |
5,633 |
0 |
| Distributions |
0 |
(261,000) |
(33,000) |
| Dividends |
0 |
(49,514) |
0 |
| Issuance of restricted shares |
0 |
0 |
2 |
| Net cash provided by (used in) financing activities |
(170,775) |
(211,757) |
(115,559) |
| EFFECT OF EXCHANGE RATES ON CASH |
2 |
0 |
0 |
| NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS |
(35,400) |
(46,642) |
58,289 |
| CASH AND CASH EQUIVALENTS, Beginning of period |
187,762 |
234,404 |
176,115 |
| CASH AND CASH EQUIVALENTS, End of period |
152,362 |
187,762 |
234,404 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: |
|
|
|
| Cash paid for interest |
26,484 |
40,608 |
51,610 |
| Cash paid to taxing authorities |
$ 78,861 |
$ 20,545 |
$ 310 |