CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands |
3 Months Ended |
May 04, 2019 |
May 05, 2018 |
| Cash flows from operating activities: |
|
|
| Net income |
$ 37,691
|
$ 26,885
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Amortization of operating lease assets |
81,371
|
|
| Depreciation and amortization |
31,489
|
29,458
|
| Share-based compensation |
7,251
|
6,969
|
| Debt issuance costs amortization |
1,237
|
1,274
|
| Loss on write-off of investment |
5,036
|
|
| Accretion of long-term debt, net |
(130)
|
(126)
|
| Restructure charges |
3,087
|
47,498
|
| Deferred income taxes |
140
|
2,580
|
| Changes in assets and liabilities: |
|
|
| Merchandise inventories |
6,966
|
(18,755)
|
| Prepaid expenses and other |
(6,412)
|
1,523
|
| Accounts receivable |
23,705
|
(4,892)
|
| Other assets |
(12,964)
|
(842)
|
| Operating lease liabilities |
(56,843)
|
|
| Accounts payable |
(81,237)
|
(46,639)
|
| Accrued interest |
7,706
|
8,325
|
| Accrued liabilities and other |
(25,611)
|
(35,356)
|
| Income taxes |
12,318
|
11,689
|
| Other liabilities |
(1,002)
|
2,912
|
| Net cash provided by operating activities |
33,798
|
32,503
|
| Cash flows from investing activities: |
|
|
| Additions to property and equipment |
(25,101)
|
(27,824)
|
| Cash flows from financing activities: |
|
|
| Common stock repurchased |
(2,172)
|
(2,119)
|
| Payments on term loan credit facility |
(6,225)
|
(6,225)
|
| Payment of dividends |
|
(317)
|
| Proceeds from stock options exercised |
540
|
540
|
| Net cash used in financing activities |
(7,857)
|
(8,121)
|
| Net change in cash and equivalents |
840
|
(3,442)
|
| Cash and equivalents at beginning of period |
245,887
|
425,896
|
| Cash and equivalents at end of period |
246,727
|
422,454
|
| Cash paid for interest |
29,164
|
25,344
|
| Cash paid for taxes |
$ 2,320
|
$ 5,370
|