|
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
|
9 Months Ended |
|
Oct. 27, 2012
|
Oct. 29, 2011
|
| CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
| NET INCOME |
$ 75,324 |
$ 80,303 |
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation and amortization |
50,733 |
51,198 |
| Loss on disposal of property and equipment |
67 |
89 |
| Excess tax benefit from share-based compensation |
(409) |
0 |
| Share-based compensation |
12,207 |
7,483 |
| Non-cash loss on extinguishment of debt |
0 |
2,744 |
| Deferred taxes |
3,713 |
(2,764) |
| Changes in operating assets and liabilities: |
|
|
| Receivables, net |
(379) |
2,043 |
| Inventories |
(77,900) |
(93,325) |
| Accounts payable, deferred revenue, and accrued expenses |
18,555 |
10,168 |
| Other assets and liabilities |
7,231 |
6,404 |
| Net cash provided by operating activities |
89,142 |
64,343 |
| CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
| Capital expenditures |
(73,354) |
(55,915) |
| Purchase of intangible assets |
(210) |
(60) |
| Net cash used in investing activities |
(73,564) |
(55,975) |
| CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
| Repayments of long-term debt arrangements |
0 |
(50,087) |
| Costs incurred in connection with debt arrangements and Senior Notes |
0 |
(1,192) |
| Payments on capital lease obligation |
(41) |
0 |
| Excess tax benefit from share-based compensation |
409 |
0 |
| Proceeds from share-based compensation |
623 |
234 |
| Repurchase of common stock |
(66,534) |
(103) |
| Net cash used in financing activities |
(65,543) |
(51,148) |
| EFFECT OF EXCHANGE RATES ON CASH |
41 |
0 |
| NET DECREASE IN CASH AND CASH EQUIVALENTS |
(49,924) |
(42,780) |
| CASH AND CASH EQUIVALENTS, Beginning of period |
152,362 |
187,762 |
| CASH AND CASH EQUIVALENTS, End of period |
$ 102,438 |
$ 144,982 |