|
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
|
12 Months Ended |
|
Feb. 02, 2013
|
Jan. 28, 2012
|
Jan. 29, 2011
|
| CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
|
| NET INCOME |
$ 139,267 |
$ 140,697 |
$ 127,388 |
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
| Depreciation and amortization |
67,727 |
68,102 |
68,557 |
| Loss on disposal of property and equipment |
124 |
164 |
1,996 |
| Impairment charge |
6 |
55 |
459 |
| Change in fair value of interest rate swap |
0 |
0 |
(1,968) |
| Excess tax benefit from share-based compensation |
(422) |
0 |
0 |
| Share-based compensation |
16,308 |
10,089 |
5,296 |
| Non-cash loss on extinguishment of debt |
0 |
5,170 |
8,781 |
| Deferred taxes |
3,937 |
(320) |
(19,015) |
| Changes in operating assets and liabilities: |
|
|
|
| Receivables, net |
(1,991) |
884 |
(5,190) |
| Inventories |
(1,997) |
(27,862) |
(13,505) |
| Accounts payable, deferred revenue, and accrued expenses |
17,564 |
43 |
30,103 |
| Other assets and liabilities |
28,841 |
15,587 |
17,056 |
| Net cash provided by operating activities |
269,364 |
212,609 |
219,958 |
| CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
|
| Capital expenditures |
(99,674) |
(77,176) |
(54,843) |
| Purchase of intangible assets |
(210) |
(60) |
0 |
| Net cash used in investing activities |
(99,884) |
(77,236) |
(54,843) |
| CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
|
| Borrowings under senior notes |
0 |
0 |
246,498 |
| Net proceeds from equity offering |
0 |
0 |
166,898 |
| Repayments of long-term debt arrangements |
0 |
(169,775) |
(301,563) |
| Costs incurred in connection with debt arrangements and Senior Notes |
0 |
(1,192) |
(12,211) |
| Payments on capital lease obligation |
(55) |
(14) |
0 |
| Costs incurred in connection with equity offering |
0 |
0 |
(6,498) |
| Excess tax benefit from share-based compensation |
422 |
0 |
0 |
| Proceeds from share-based compensation |
623 |
309 |
0 |
| Repurchase of common stock |
(66,541) |
(103) |
0 |
| Repayment of notes receivable |
0 |
0 |
5,633 |
| Distributions |
0 |
0 |
(261,000) |
| Dividends |
0 |
0 |
(49,514) |
| Net cash used in financing activities |
(65,551) |
(170,775) |
(211,757) |
| EFFECT OF EXCHANGE RATES ON CASH |
6 |
2 |
0 |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS |
103,935 |
(35,400) |
(46,642) |
| CASH AND CASH EQUIVALENTS, Beginning of period |
152,362 |
187,762 |
234,404 |
| CASH AND CASH EQUIVALENTS, End of period |
256,297 |
152,362 |
187,762 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: |
|
|
|
| Cash paid for interest |
17,574 |
26,484 |
40,608 |
| Cash paid to taxing authorities |
$ 99,647 |
$ 78,861 |
$ 20,545 |