|
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
|
9 Months Ended |
|
Nov. 02, 2013
|
Oct. 27, 2012
|
| CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
| NET INCOME |
$ 68,613 |
$ 75,324 |
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation and amortization |
52,000 |
50,733 |
| Loss on disposal of property and equipment |
636 |
67 |
| Excess tax benefit from share-based compensation |
(201) |
(409) |
| Share-based compensation |
16,016 |
12,207 |
| Deferred taxes |
307 |
3,713 |
| Changes in operating assets and liabilities: |
|
|
| Receivables, net |
(6,420) |
(1,977) |
| Inventories |
(128,334) |
(77,270) |
| Accounts payable, deferred revenue, and accrued expenses |
25,969 |
19,523 |
| Other assets and liabilities |
9,054 |
7,231 |
| Net cash provided by operating activities |
37,640 |
89,142 |
| CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
| Capital expenditures |
(78,772) |
(73,354) |
| Purchase of intangible assets |
(69) |
(210) |
| Net cash used in investing activities |
(78,841) |
(73,564) |
| CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
| Payments on capital lease obligation |
(45) |
(41) |
| Excess tax benefit from share-based compensation |
201 |
409 |
| Proceeds from share-based compensation |
4,426 |
623 |
| Repurchase of common stock |
(37,905) |
(66,534) |
| Net cash used in financing activities |
(33,323) |
(65,543) |
| EFFECT OF EXCHANGE RATES ON CASH |
(220) |
41 |
| NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS |
(74,744) |
(49,924) |
| CASH AND CASH EQUIVALENTS, Beginning of period |
256,297 |
152,362 |
| CASH AND CASH EQUIVALENTS, End of period |
$ 181,553 |
$ 102,438 |