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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Oct. 28, 2023
Oct. 29, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings (loss) $ (44,016) $ 32,966
Adjustments to reconcile net earnings (loss) to net cash used in operating activities:    
Depreciation and amortization 35,449 31,901
Deferred income taxes (3,929) (10,728)
Goodwill impairment 28,453 [1] 0
Impairment of long-lived assets 581 542
Share-based compensation expense 11,107 10,464
Other 1,225 999
Changes in working capital and other assets and liabilities:    
Accounts receivable (16,958) (10,224)
Inventories (61,086) (293,904)
Prepaids and other current assets (17,718) 33,133
Accounts payable 44,551 70,312
Other accrued liabilities (3,454) (45,194)
Other assets and liabilities 2,255 (64,237)
Net cash used in operating activities (23,540) (243,970)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (49,738) (39,845)
Proceeds from asset sales 87 0
Net cash used in investing activities (49,651) (39,845)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings under revolving credit facility 365,416 212,086
Payments on revolving credit facility (282,083) (136,375)
Shares repurchased related to share repurchase plan (32,027) (77,470)
Shares repurchased related to taxes for share-based awards (2,249) (3,942)
Change in overdraft balances (1,847) 4,052
Other (12) 2
Net cash provided by (used in) financing activities 47,198 (1,647)
Effect of foreign exchange rate fluctuations on cash (306) (2,950)
Net decrease in cash and cash equivalents (26,299) (288,412)
Cash and cash equivalents at beginning of period 47,990 320,525
Cash and cash equivalents at end of period 21,691 32,113
Supplemental information:    
Interest paid 5,711 1,276
Income taxes paid 5,487 33,941
Cash paid for amounts included in measurement of operating lease liabilities 130,468 135,116
Operating lease assets obtained in exchange for new operating lease liabilities $ 111,105 $ 71,598
[1]

(2) Goodwill impairment of $28.5 million is related to Genesco Brands Group.