Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
9 Months Ended |
Oct. 29, 2022 |
Oct. 30, 2021 |
| CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
| Net loss |
$ (39,326)
|
$ (21,999)
|
| Adjustments to reconcile net loss to net cash (used in) provided by operating activities: |
|
|
| Depreciation and amortization |
45,076
|
51,964
|
| Loss on disposal of property and equipment |
57
|
74
|
| Share-based compensation |
7,617
|
7,856
|
| Landlord allowance amortization |
(310)
|
(319)
|
| Changes in operating assets and liabilities: |
|
|
| Receivables, net |
(4,925)
|
523
|
| Income tax receivable |
(145)
|
57,992
|
| Inventories |
(63,871)
|
(119,228)
|
| Accounts payable, deferred revenue, and accrued expenses |
(4,865)
|
95,621
|
| Other assets and liabilities |
(35,177)
|
5,800
|
| NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES |
(95,869)
|
78,284
|
| CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
| Capital expenditures |
(24,340)
|
(18,095)
|
| NET CASH USED IN INVESTING ACTIVITIES |
(24,340)
|
(18,095)
|
| CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
| Proceeds from borrowings under the revolving credit facility |
252,000
|
73,000
|
| Repayment of borrowings under the revolving credit facility |
(143,000)
|
(154,050)
|
| Proceeds from borrowings under the term loan facility |
0
|
50,000
|
| Repayment of borrowings under the term loan facility |
(3,375)
|
(43,263)
|
| Repayments of financing arrangements |
0
|
(769)
|
| Costs incurred in connection with debt arrangements |
0
|
(471)
|
| Repurchase of common stock for tax withholding obligations |
(2,000)
|
(3,715)
|
| NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES |
103,625
|
(79,268)
|
| NET DECREASE IN CASH AND CASH EQUIVALENTS |
(16,584)
|
(19,079)
|
| CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD |
41,176
|
55,874
|
| CASH AND CASH EQUIVALENTS, END OF PERIOD |
$ 24,592
|
$ 36,795
|