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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jan. 29, 2022
Jan. 30, 2021
Feb. 01, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 187,171 $ (140,365) $ 73,300
Reconciliation of net income (loss) to net cash provided by (used in) operating activities:      
Non-cash portion of operating lease expense 100,564 113,145 149,006
Depreciation and amortization 58,417 66,405 74,788
Non-cash stock-based compensation expense 30,942 14,316 16,219
Asset impairment charges 1,506 38,527 6,039
Deferred income tax provision (benefit) 25,846 (32,660) 5,364
Loss on extinguishment of debt 3,679 0 0
Other non-cash charges, net 1,387 821 229
Changes in operating assets and liabilities:      
Inventories (40,870) (61,080) (23,537)
Accounts receivable and other assets 16,200 (3,616) 3,148
Prepaid expenses and other current assets (7,191) 7,081 2,734
Income taxes payable, net of prepayments (5,982) (43,306) 8,574
Accounts payable and other current liabilities (58,334) 71,720 17,502
Lease liabilities (172,454) (69,294) (155,288)
Other long-term liabilities (7,605) 2,589 (176)
Net cash provided by (used in) operating activities 133,276 (35,717) 177,902
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (29,307) (30,585) (57,502)
Acquisition of intangible assets 0 0 (76,951)
Change in deferred compensation plan 17 211 103
Net cash used in investing activities (29,290) (30,374) (134,350)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Borrowings under revolving credit facility 758,681 500,872 1,001,039
Repayments under revolving credit facility (753,140) (501,902) (879,092)
Proceeds from issuance of term loan, net of discount 50,000 78,637 0
Repayment of term loan (81,840) 0 0
Payment of debt issuance costs (2,468) (1,188) 0
Purchase and retirement of common stock, including shares surrendered for tax withholdings and transaction costs (83,974) (15,490) (131,393)
Payment of dividends 0 0 (34,928)
Net cash provided by (used in) financing activities (112,741) 60,929 (44,374)
Effect of exchange rate changes on cash and cash equivalents (6) 223 173
Net decrease in cash and cash equivalents (8,761) (4,939) (649)
Cash and cash equivalents, beginning of period 63,548 68,487 69,136
Cash and cash equivalents, end of period 54,787 63,548 68,487
OTHER CASH FLOW INFORMATION:      
Net cash paid for income taxes 49,563 3,643 1,310
Cash paid for interest 14,774 10,831 7,553
Increase (decrease) in accrued capital expenditures $ 842 $ (811) $ (1,853)