XML 20 R8.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jan. 28, 2023
Jan. 29, 2022
Jan. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ (1,138) $ 187,171 $ (140,365)
Reconciliation of net income (loss) to net cash provided by (used in) operating activities:      
Non-cash portion of operating lease expense 88,936 100,564 113,145
Depreciation and amortization 51,464 58,417 66,405
Non-cash stock-based compensation expense 29,150 30,942 14,316
Asset impairment charges 3,256 1,506 38,527
Deferred income tax provision (benefit) (13,675) 25,846 (32,660)
Loss on extinguishment of debt 0 3,679 0
Other non-cash charges, net 601 1,387 821
Changes in operating assets and liabilities:      
Inventories (20,741) (40,870) (61,080)
Accounts receivable and other assets (28,143) 16,200 (3,616)
Prepaid expenses and other current assets 10,440 (7,191) 7,081
Income taxes payable, net of prepayments 14,690 (5,982) (43,306)
Accounts payable and other current liabilities (41,734) (58,334) 71,720
Lease liabilities (102,522) (172,454) (69,294)
Other long-term liabilities 1,198 (7,605) 2,589
Net cash provided by (used in) operating activities (8,218) 133,276 (35,717)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (45,577) (29,307) (30,585)
Change in deferred compensation plan (371) 17 211
Net cash used in investing activities (45,948) (29,290) (30,374)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Borrowings under revolving credit facility 713,718 758,681 500,872
Repayments under revolving credit facility (602,046) (753,140) (501,902)
Proceeds from issuance of term loan, net of discount 0 50,000 78,637
Repayment of term loan 0 (81,840) 0
Payment of debt issuance costs 0 (2,468) (1,188)
Purchase and retirement of common stock, including shares surrendered for tax withholdings and transaction costs (94,616) (83,974) (15,490)
Net cash provided by (used in) financing activities 17,056 (112,741) 60,929
Effect of exchange rate changes on cash and cash equivalents (988) (6) 223
Net decrease in cash and cash equivalents (38,098) (8,761) (4,939)
Cash and cash equivalents, beginning of period 54,787 63,548 68,487
Cash and cash equivalents, end of period 16,689 54,787 63,548
OTHER CASH FLOW INFORMATION:      
Net cash paid (received) for income taxes (14,969) 49,563 3,643
Cash paid for interest 12,354 14,774 10,831
Increase (decrease) in accrued capital expenditures $ 1,122 $ 842 $ (811)