Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
3 Months Ended |
Apr. 29, 2017 |
Apr. 30, 2016 |
| Cash flows from operating activities |
|
|
| Net (loss) income |
$ (4,049)
|
$ 2,418
|
| Adjustments to reconcile net (loss) income to net cash used in operating activities: |
|
|
| Depreciation of property, plant, and equipment |
4,948
|
4,702
|
| Provision for doubtful accounts |
162
|
23
|
| Stock-based compensation |
1,278
|
842
|
| Deferred income taxes |
867
|
221
|
| Cash gain on investments |
152
|
0
|
| Other non-cash gain, net |
(19)
|
(13)
|
| Changes in assets and liabilities: |
|
|
| Accounts receivable |
458
|
3,580
|
| Inventories |
(3,138)
|
178
|
| Prepaid expenses and other assets |
(748)
|
(1,749)
|
| Accounts payable |
(6,040)
|
1,262
|
| Income taxes |
(2,332)
|
(12,066)
|
| Accrued and other liabilities |
(1,476)
|
(3,395)
|
| Net cash used in operating activities |
(9,937)
|
(3,997)
|
| Cash flows from investing activities |
|
|
| Purchases of property, plant, and equipment |
(3,362)
|
(5,594)
|
| Purchases of investments |
(26,975)
|
(30,000)
|
| Proceeds from maturity of investment |
30,000
|
0
|
| Net cash used in investing activities |
(337)
|
(35,594)
|
| Cash flows from financing activities |
|
|
| Tax withholdings for equity compensation |
(579)
|
(572)
|
| Repurchase of common stock |
(1,116)
|
(5,694)
|
| Other financing activities, net |
0
|
(16)
|
| Net cash used in financing activities |
(1,695)
|
(6,282)
|
| Effect of exchange rate changes on cash and cash equivalents |
(6)
|
5
|
| Net decrease in cash and cash equivalents |
(11,975)
|
(45,868)
|
| Cash and cash equivalents, beginning of period |
86,375
|
97,681
|
| Cash and cash equivalents, end of period |
74,400
|
51,813
|
| Supplemental disclosure of cash flow information |
|
|
| Cash paid for income taxes, net |
$ 522
|
$ 13,223
|