Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
6 Months Ended |
Jul. 30, 2016 |
Aug. 01, 2015 |
| CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
| Net income |
$ 23,026
|
$ 34,090
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation and amortization |
36,365
|
37,085
|
| Loss on disposal of property and equipment |
875
|
1,314
|
| Impairment charge |
829
|
0
|
| Amortization of lease financing obligation discount |
11,354
|
0
|
| Excess tax benefit from share-based compensation |
0
|
(262)
|
| Share-based compensation |
7,580
|
11,069
|
| Non-cash loss on extinguishment of debt |
0
|
5,314
|
| Deferred taxes |
(283)
|
22
|
| Landlord allowance amortization |
(5,211)
|
(5,980)
|
| Payment of original issue discount |
0
|
(2,812)
|
| Changes in operating assets and liabilities: |
|
|
| Receivables, net |
6,635
|
1,201
|
| Inventories |
(1,011)
|
(31,049)
|
| Accounts payable, deferred revenue, and accrued expenses |
(37,350)
|
13,320
|
| Other assets and liabilities |
3,340
|
171
|
| Net cash provided by operating activities |
46,149
|
63,483
|
| CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
| Capital expenditures |
(50,355)
|
(50,904)
|
| Purchase of intangible assets |
(21)
|
(35)
|
| Investment in equity interests |
(10,133)
|
0
|
| Net cash used in investing activities |
(60,509)
|
(50,939)
|
| CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
| Repayment of long-term debt |
0
|
(198,038)
|
| Costs incurred in connection with debt arrangements |
0
|
(852)
|
| Payments on lease financing obligations |
(785)
|
(773)
|
| Excess tax benefit from share-based compensation |
0
|
262
|
| Proceeds from exercise of stock options |
2,703
|
361
|
| Repurchase of common stock under share repurchase program (see Note 11) |
(51,538)
|
0
|
| Repurchase of shares for tax withholding obligations |
(4,403)
|
(3,690)
|
| Net cash used in financing activities |
(54,023)
|
(202,730)
|
| EFFECT OF EXCHANGE RATE ON CASH |
1,044
|
(328)
|
| NET DECREASE IN CASH AND CASH EQUIVALENTS |
(67,339)
|
(190,514)
|
| CASH AND CASH EQUIVALENTS, Beginning of period |
186,903
|
346,159
|
| CASH AND CASH EQUIVALENTS, End of period |
$ 119,564
|
$ 155,645
|