XML 39 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Oct. 29, 2011
Oct. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 15,157 $ 17,404
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 9,592 8,355
Share-based compensation 3,910 2,657
Gain on disposals of property and equipment (258) (20)
Excess tax benefits from share-based payment arrangements (455) (301)
Provision for doubtful accounts 1,296 216
Changes in assets and liabilities, net of acquired businesses:    
Accounts receivable (54,108) (36,802)
Inventories (135,363) (90,060)
Prepaid expenses and other assets 3,739 3,240
Notes receivable, trade (225) (1,131)
Accounts payable 52,539 50,598
Accrued expenses and other liabilities 10,713 12,940
Net cash used in operating activities (93,463) (32,904)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (7,801) (7,549)
Purchases of acquired businesses, net of cash acquired (31) (21,842)
Proceeds from disposals of property and equipment 277 20
Net cash used in investing activities (7,555) (29,371)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds from common stock issuance   138,305
Repayments of long-term debt (1,261) (1,257)
Net borrowings (repayments) under notes payable 70,460 (96,425)
Increase in bank overdraft 31,029 18,326
Proceeds from exercise of stock options 1,756 1,910
Payment of employee restricted stock tax withholdings (1,203) (1,966)
Excess tax benefits from share-based payment arrangements 455 301
Net cash provided by financing activities 101,236 59,194
EFFECT OF EXCHANGE RATE CHANGES ON CASH (69) (15)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 149 (3,096)
Cash and cash equivalents at beginning of period 16,867 13,802
Cash and cash equivalents at end of period 17,016 10,706
Supplemental disclosures of cash flow information:    
Interest paid, net of amounts capitalized 1,056 1,259
Income taxes paid, net of refunds $ 3,716 $ 2,516