Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
3 Months Ended |
Apr. 29, 2017 |
Apr. 30, 2016 |
| Cash Flows Provided by Operating Activities: |
|
|
| Net income |
$ 4,333
|
$ 7,081
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation and amortization |
5,101
|
4,649
|
| Stock-based compensation expense |
1,254
|
1,052
|
| Excess tax benefit from stock-based compensation |
0
|
(22)
|
| Loss on sale of assets |
110
|
88
|
| Deferred income taxes |
(347)
|
(838)
|
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable |
(2,540)
|
(3,714)
|
| Inventories |
(7,407)
|
(3,258)
|
| Prepaid expenses and other assets |
(1,638)
|
214
|
| Accounts payable |
10,341
|
(2,862)
|
| Accrued liabilities |
(676)
|
(1,470)
|
| Landlord incentives and deferred rent |
169
|
979
|
| Net cash provided by operating activities |
8,700
|
1,899
|
| Cash Flows Used in Investing Activities: |
|
|
| Purchases of property and equipment |
(4,634)
|
(5,121)
|
| Other |
0
|
4
|
| Net cash used in investing activities |
(4,634)
|
(5,117)
|
| Cash Flows Used in Financing Activities: |
|
|
| Repurchases of common stock |
(9,054)
|
(17,785)
|
| Taxes paid related to net settlement of equity awards |
(113)
|
0
|
| Proceeds from the exercise of stock options |
0
|
178
|
| Excess tax benefit from stock-based compensation |
0
|
22
|
| Net cash used in financing activities |
(9,167)
|
(17,585)
|
| Net decrease in cash and cash equivalents |
(5,101)
|
(20,803)
|
| Cash and cash equivalents, beginning of year |
53,202
|
56,224
|
| Cash and cash equivalents, end of period |
48,101
|
35,421
|
| Supplemental Disclosures of Cash Flow Information: |
|
|
| Cash paid for income taxes |
73
|
6,653
|
| Interest paid |
$ 49
|
$ 47
|