Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
3 Months Ended |
May 01, 2021 |
May 02, 2020 |
| CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
| Net loss |
$ (45,724)
|
$ (154,050)
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
| Depreciation and amortization |
18,497
|
19,332
|
| Impairment of property, equipment and lease assets |
0
|
14,678
|
| Equity method investment impairment |
0
|
2,733
|
| Share-based compensation |
2,523
|
2,502
|
| Deferred taxes |
0
|
64,424
|
| Landlord allowance amortization |
(77)
|
(104)
|
| Changes in operating assets and liabilities: |
|
|
| Receivables, net |
3,343
|
(2,073)
|
| Income tax receivable |
12,788
|
(10,228)
|
| Inventories |
(128)
|
(48,485)
|
| Accounts payable, deferred revenue, and accrued expenses |
(3,426)
|
2,117
|
| Other assets and liabilities |
10,624
|
(22,084)
|
| NET CASH USED IN OPERATING ACTIVITIES |
(1,580)
|
(131,238)
|
| CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
| Capital expenditures |
(3,562)
|
(4,176)
|
| NET CASH USED IN INVESTING ACTIVITIES |
(3,562)
|
(4,176)
|
| CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
| Proceeds from borrowings under the revolving credit facility |
38,000
|
165,000
|
| Repayment of borrowings under the revolving credit facility |
(39,050)
|
0
|
| Proceeds from borrowings under the term loan facility |
50,000
|
0
|
| Repayment of borrowings under the term loan facility |
(12,404)
|
0
|
| Repayments of financing arrangements |
(576)
|
0
|
| Costs incurred in connection with debt arrangements |
(463)
|
0
|
| Repurchase of common stock for tax withholding obligations |
(2,167)
|
(540)
|
| NET CASH PROVIDED BY FINANCING ACTIVITIES |
33,340
|
164,460
|
| NET INCREASE IN CASH AND CASH EQUIVALENTS |
28,198
|
29,046
|
| CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD |
55,874
|
207,139
|
| CASH AND CASH EQUIVALENTS, END OF PERIOD |
$ 84,072
|
$ 236,185
|