Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
3 Months Ended |
May 05, 2018 |
Apr. 29, 2017 |
| Operating activities: |
|
|
| Net income |
$ 21,804
|
$ 8,391
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation and amortization |
9,304
|
7,290
|
| Share-based compensation expense |
2,762
|
4,021
|
| Deferred income tax expense |
1,221
|
553
|
| Other non-cash expenses |
7
|
26
|
| Changes in operating assets and liabilities: |
|
|
| Prepaid income taxes |
96
|
309
|
| Inventories |
(28,339)
|
(25,554)
|
| Prepaid expenses and other assets |
8,031
|
(234)
|
| Accounts payable |
24,237
|
24,917
|
| Income taxes payable |
2,871
|
3,714
|
| Accrued salaries and wages |
(16,970)
|
(3,144)
|
| Deferred rent |
3,390
|
5,524
|
| Other accrued expenses |
4,587
|
7,920
|
| Net cash provided by operating activities |
33,001
|
33,733
|
| Investing activities: |
|
|
| Purchases of investment securities |
(49,251)
|
(37,495)
|
| Sales, maturities, and redemptions of investment securities |
16,177
|
5,356
|
| Capital expenditures |
(22,513)
|
(12,820)
|
| Net cash used in investing activities |
(55,587)
|
(44,959)
|
| Financing activities: |
|
|
| Proceeds from exercise of options to purchase common stock and vesting of restricted and performance-based restricted stock units |
1,224
|
1,141
|
| Common shares withheld for taxes |
(6,908)
|
(766)
|
| Net cash (used in) provided by financing activities |
(5,684)
|
375
|
| Net decrease in cash and cash equivalents |
(28,270)
|
(10,851)
|
| Cash and cash equivalents at beginning of period |
112,669
|
76,088
|
| Cash and cash equivalents at end of period |
84,399
|
65,237
|
| Supplemental disclosures of cash flow information: |
|
|
| Increase in accrued purchases of property and equipment |
$ 1,026
|
$ 4,674
|