CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands |
3 Months Ended |
Apr. 29, 2023 |
Apr. 30, 2022 |
| CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
| Net income (loss) |
$ (28,834)
|
$ 19,831
|
| Reconciliation of net income (loss) to net cash provided by (used in) operating activities: |
|
|
| Non-cash portion of operating lease expense |
18,441
|
19,247
|
| Depreciation and amortization |
11,848
|
13,615
|
| Non-cash stock-based compensation expense |
3,083
|
7,562
|
| Asset impairment charges |
1,750
|
0
|
| Deferred income tax provision (benefit) |
112
|
(1,583)
|
| Other non-cash charges, net |
149
|
467
|
| Changes in operating assets and liabilities: |
|
|
| Inventories |
(57,085)
|
(120,806)
|
| Accounts receivable and other assets |
25,239
|
(8,460)
|
| Prepaid expenses and other current assets |
641
|
(210)
|
| Income taxes payable, net of prepayments |
(9,697)
|
20,840
|
| Accounts payable and other current liabilities |
61,598
|
52,961
|
| Lease liabilities |
(20,874)
|
(23,822)
|
| Other long-term liabilities |
(1,237)
|
1,521
|
| Net cash provided by (used in) operating activities |
5,134
|
(18,837)
|
| CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
| Capital expenditures |
(10,982)
|
(10,723)
|
| Change in deferred compensation plan |
(55)
|
(260)
|
| Net cash used in investing activities |
(11,037)
|
(10,983)
|
| CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
| Borrowings under revolving credit facility |
135,583
|
222,776
|
| Repayments under revolving credit facility |
(121,738)
|
(148,550)
|
| Purchase and retirement of common stock, including shares surrendered for tax withholdings and transaction costs |
(6,088)
|
(40,370)
|
| Net cash provided by financing activities |
7,757
|
33,856
|
| Effect of exchange rate changes on cash and cash equivalents |
(301)
|
(329)
|
| Net increase in cash and cash equivalents |
1,553
|
3,707
|
| Cash and cash equivalents, beginning of period |
16,689
|
54,787
|
| Cash and cash equivalents, end of period |
18,242
|
58,494
|
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: |
|
|
| Net cash paid (received) for income taxes |
2,293
|
(21,645)
|
| Cash paid for interest |
5,784
|
1,713
|
| SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES: |
|
|
| Purchases of property and equipment not yet paid |
$ 7,151
|
$ 13,507
|