XML 21 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Oct. 27, 2012
Oct. 29, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 21,536 $ 15,157
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 10,119 9,592
Share-based compensation 4,714 3,910
Gain on disposals of property and equipment (19) (258)
Excess tax benefits from share-based payment arrangements (30) (455)
Impairment of intangible asset 1,629  
Unrealized gain (loss) on foreign exchange 122  
Provision for doubtful accounts 691 1,296
Changes in assets and liabilities, net of acquired businesses:    
Accounts receivable (30,216) (54,108)
Inventories (140,067) (135,363)
Prepaid expenses and other assets (1,463) 3,514
Accounts payable 76,165 52,539
Accrued expenses and other liabilities 1,360 10,713
Net cash used in operating activities (55,459) (93,463)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (4,573) (7,801)
Purchases of acquired businesses, net of cash acquired (9,235) (31)
Proceeds from disposals of property and equipment 20 277
Net cash used in investing activities (13,788) (7,555)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments of long-term debt (100) (1,261)
Net borrowings under notes payable 34,036 70,460
Increase in bank overdraft 30,352 31,029
Proceeds from exercise of stock options 1,165 1,756
Payment of employee restricted stock tax withholdings (3,217) (1,203)
Excess tax benefits from share-based payment arrangements 30 455
Capitalized debt issuance costs (7)  
Net cash provided by financing activities 62,259 101,236
EFFECT OF EXCHANGE RATE CHANGES ON CASH (195) (69)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (7,183) 149
Cash and cash equivalents at beginning of period 16,122 16,867
Cash and cash equivalents at end of period 8,939 17,016
Supplemental disclosures of cash flow information:    
Interest paid, net of amounts capitalized 932 1,056
Income taxes paid, net of refunds $ 4,113 $ 3,716