XML 18 R7.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jan. 30, 2016
Jan. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 52,814 $ 60,886
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 32,847 29,657
Share-based compensation 9,424 9,554
Loss (gain) on disposals of property and equipment 415 (779)
Excess tax benefits from share-based payment arrangements (432) (2,661)
Restructuring and asset impairment 480 803
Deferred income taxes 0 (6,052)
Provision for doubtful accounts 4,832 2,302
Non-cash interest (income) expense (102) 129
Changes in assets and liabilities, net of acquired businesses:    
Accounts receivable 12,577 (50,753)
Inventories 39,130 (92,525)
Prepaid expenses and other assets (16,729) (22,217)
Accounts payable (16,589) 20,146
Accrued expenses and other liabilities 5,944 (1,389)
Net cash provided by (used in) operating activities 124,611 (52,899)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (20,472) (56,163)
Purchases of acquired businesses, net of cash acquired (31) (7,987)
Proceeds from disposals of property and equipment 57 840
Long-term investment 0 (3,000)
Net cash used in investing activities (20,446) (66,310)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from borrowings of long-term debt 0 150,000
Repayments of long-term debt (5,788) (5,539)
Proceeds from borrowings under revolving credit line 214,549 438,293
Repayments of borrowings under revolving credit line (301,243) (488,156)
(Decrease) increase in bank overdraft (16,480) 33,666
Proceeds from exercise of stock options 1,172 3,202
Payment of employee restricted stock tax withholdings (1,603) (2,163)
Excess tax benefits from share-based payment arrangements 432 2,661
Capitalized debt issuance costs 0 (900)
Net cash (used in) provided by financing activities (108,961) 131,064
EFFECT OF EXCHANGE RATE CHANGES ON CASH (102) (497)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (4,898) 11,358
Cash and cash equivalents at beginning of period 17,380 16,116
Cash and cash equivalents at end of period 12,482 27,474
Supplemental disclosures of cash flow information:    
Non-cash financing activity 0 12,383
Non-cash investing activity 0 12,383
Cash paid for interest 7,891 6,868
Cash paid for federal and state income taxes, net of refunds $ 46,896 $ 57,471