|
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
|
6 Months Ended |
|
Jul. 28, 2012
|
Jul. 30, 2011
|
| CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
| NET INCOME |
$ 57,902 |
$ 47,633 |
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation and amortization |
33,937 |
34,557 |
| Loss on disposal of property and equipment |
35 |
56 |
| Excess tax benefit from share-based compensation |
(277) |
0 |
| Share-based compensation |
8,856 |
4,753 |
| Non-cash loss on extinguishment of debt |
0 |
2,744 |
| Deferred taxes |
(188) |
0 |
| Changes in operating assets and liabilities: |
|
|
| Receivables, net |
(3,285) |
1,192 |
| Inventories |
(1,403) |
(22,221) |
| Accounts payable, deferred revenue, and accrued expenses |
(26,300) |
(22,313) |
| Other assets and liabilities |
5,005 |
(5,149) |
| Net cash provided by operating activities |
74,282 |
41,252 |
| CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
| Capital expenditures |
(45,661) |
(33,553) |
| Purchase of intangible assets |
(185) |
(60) |
| Net cash used in investing activities |
(45,846) |
(33,613) |
| CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
| Repayments of long-term debt arrangements |
0 |
(49,775) |
| Costs incurred in connection with debt arrangements and Senior Notes |
0 |
(1,161) |
| Payments on capital lease obligation |
(27) |
0 |
| Excess tax benefit from share-based compensation |
277 |
0 |
| Proceeds from share-based compensation |
623 |
191 |
| Repurchase of common stock |
(51,497) |
(102) |
| Net cash used in financing activities |
(50,624) |
(50,847) |
| EFFECT OF EXCHANGE RATES ON CASH |
0 |
(2) |
| NET DECREASE IN CASH AND CASH EQUIVALENTS |
(22,188) |
(43,210) |
| CASH AND CASH EQUIVALENTS, Beginning of period |
152,362 |
187,762 |
| CASH AND CASH EQUIVALENTS, End of period |
$ 130,174 |
$ 144,552 |