Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
12 Months Ended |
Jan. 28, 2023 |
Jan. 29, 2022 |
Jan. 30, 2021 |
| CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
|
| Net income/(loss) |
$ 293,834
|
$ (14,436)
|
$ (405,449)
|
| Adjustments to reconcile net income/(loss) to net cash (used in) provided by operating activities: |
|
|
|
| Depreciation and amortization |
62,169
|
67,622
|
73,698
|
| Gain on transaction with WHP |
(409,493)
|
0
|
0
|
| Loss on extinguishment of debt |
4,500
|
0
|
0
|
| Loss on disposal of property and equipment |
57
|
140
|
901
|
| Impairment of property, equipment and lease assets |
2,150
|
0
|
34,380
|
| Equity method investment impairment |
0
|
0
|
3,233
|
| Share-based compensation |
7,540
|
9,809
|
9,462
|
| Deferred taxes |
10,868
|
0
|
54,967
|
| Landlord allowance amortization |
(387)
|
(496)
|
(416)
|
| Other non-cash adjustments |
0
|
0
|
(500)
|
| Changes in operating assets and liabilities: |
|
|
|
| Receivables, net |
(630)
|
2,812
|
(3,732)
|
| Income tax receivable |
(75)
|
57,677
|
(108,342)
|
| Prepaid royalty |
(59,565)
|
0
|
0
|
| Inventories |
(6,854)
|
(94,435)
|
(44,057)
|
| Deferred royalty income |
19,852
|
0
|
0
|
| Accounts payable, deferred revenue, and accrued expenses |
(46,367)
|
68,304
|
68,275
|
| Other assets and liabilities |
(34,679)
|
(7,617)
|
(6,046)
|
| NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES |
(157,080)
|
89,380
|
(323,626)
|
| CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
|
| Capital expenditures |
(47,375)
|
(34,771)
|
(16,854)
|
| Proceeds from WHP transaction |
243,387
|
0
|
0
|
| NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES |
196,012
|
(34,771)
|
(16,854)
|
| CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
|
| Proceeds from borrowings under the revolving credit facility |
350,470
|
148,000
|
165,000
|
| Repayment of borrowings under the revolving credit facility |
(263,470)
|
(219,050)
|
(58,950)
|
| Proceeds from borrowings under the term loan facility |
0
|
50,000
|
90,000
|
| Repayment of borrowings under the term loan facility |
(96,737)
|
(43,263)
|
0
|
| Proceeds on financing arrangements |
0
|
0
|
2,634
|
| Repayments of financing arrangements |
0
|
(769)
|
(1,864)
|
| Costs incurred in connection with debt arrangements |
(9,646)
|
(471)
|
(6,979)
|
| Proceeds on issuance of common stock |
6,899
|
0
|
0
|
| Repurchase of common stock for tax withholding obligations |
(2,012)
|
(3,754)
|
(626)
|
| NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES |
(14,496)
|
(69,307)
|
189,215
|
| NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS |
24,436
|
(14,698)
|
(151,265)
|
| CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD |
41,176
|
55,874
|
207,139
|
| CASH AND CASH EQUIVALENTS, END OF PERIOD |
65,612
|
41,176
|
55,874
|
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: |
|
|
|
| Cash paid for interest |
25,121
|
11,259
|
2,676
|
| Cash paid to taxing authorities |
$ 1,374
|
$ 573
|
$ 621
|