Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
9 Months Ended |
Oct. 29, 2016 |
Oct. 31, 2015 |
| CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
| Net income |
$ 34,643
|
$ 60,397
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation and amortization |
58,960
|
56,103
|
| Loss on disposal of property and equipment |
907
|
1,313
|
| Impairment charge |
829
|
0
|
| Amortization of lease financing obligation discount |
11,354
|
0
|
| Excess tax benefit from share-based compensation |
0
|
(334)
|
| Share-based compensation |
10,783
|
15,114
|
| Non-cash loss on extinguishment of debt |
0
|
5,314
|
| Deferred taxes |
(385)
|
(6,805)
|
| Landlord allowance amortization |
(8,345)
|
(9,208)
|
| Payment of original issue discount |
0
|
(2,812)
|
| Changes in operating assets and liabilities: |
|
|
| Receivables, net |
5,883
|
(2,546)
|
| Inventories |
(86,468)
|
(123,806)
|
| Accounts payable, deferred revenue, and accrued expenses |
28,749
|
42,514
|
| Other assets and liabilities |
2,954
|
20,389
|
| Net cash provided by operating activities |
59,864
|
55,633
|
| CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
| Capital expenditures |
(80,900)
|
(85,013)
|
| Purchase of intangible assets |
(21)
|
(35)
|
| Investment in equity interests |
(10,133)
|
0
|
| Net cash used in investing activities |
(91,054)
|
(85,048)
|
| CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
| Repayment of long-term debt |
0
|
(198,038)
|
| Costs incurred in connection with debt arrangements |
0
|
(1,006)
|
| Payments on lease financing obligations |
(1,186)
|
(1,168)
|
| Excess tax benefit from share-based compensation |
0
|
334
|
| Proceeds from exercise of stock options |
2,735
|
1,265
|
| Repurchase of common stock under share repurchase program (see Note 11) |
(51,538)
|
(22,020)
|
| Repurchase of shares for tax withholding obligations |
(4,498)
|
(4,400)
|
| Net cash used in financing activities |
(54,487)
|
(225,033)
|
| EFFECT OF EXCHANGE RATE ON CASH |
629
|
(496)
|
| NET DECREASE IN CASH AND CASH EQUIVALENTS |
(85,048)
|
(254,944)
|
| CASH AND CASH EQUIVALENTS, Beginning of period |
186,903
|
346,159
|
| CASH AND CASH EQUIVALENTS, End of period |
$ 101,855
|
$ 91,215
|