XML 27 R8.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jan. 27, 2024
Jan. 28, 2023
Jan. 29, 2022
Cash flows from operating activities:      
Net Income $ 218,923 $ 142,213 $ 48,574
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 163,092 144,181 152,652
Non-cash lease expense 35,181 32,069 31,838
Non-cash lease expense (10,643) 4,532 8,024
Stock-based compensation 25,457 17,927 9,866
Provision for bad debt, net 274 2,600 2,911
Gain on sale of fixed assets (28,348) (16,759) (4,203)
Loss on debt extinguishment 0 0 62
Amortization of debt discount 0 0 1,665
Amortization of debt issuance costs and other 2,984 2,835 2,825
Change in operating assets and liabilities, net of acquisitions:      
Accounts receivable, net (142,383) (173,714) (40,687)
Contract assets, net 23,034 (18,394) 176,982
Other current assets and inventories 3,085 (41,270) (12,255)
Other assets 408 5,666 2,220
Income taxes receivable/payable (14,205) 23,463 (17,177)
Accounts payable 6,989 49,396 (4,905)
Accrued liabilities, insurance claims, operating lease liabilities, and other liabilities (24,872) (9,956) (49,737)
Net cash provided by operating activities 258,976 164,789 308,655
Cash flows from investing activities:      
Capital expenditures (218,492) (200,955) (157,042)
Proceeds from sale of assets 35,231 17,372 5,363
Cash paid for acquisitions, net of cash acquired (122,902) (350) 0
Net cash used in investing activities (306,163) (183,933) (151,679)
Cash flows from financing activities:      
Proceeds from 2029 Notes 0 0 500,000
Proceeds from borrowings on senior credit agreement, including term loans 763,000 0 95,000
Principal payments on senior credit agreement, including term loans (780,500) (17,500) (271,875)
Debt issuance costs 0 0 (11,646)
Repurchase of common stock (49,659) (48,732) (106,133)
Extinguishment of 2021 Convertible Notes 0 0 (58,264)
Purchase of warrants 0 0 (693)
Exercise of stock options 1,149 4,557 2,261
Restricted stock tax withholdings (9,903) (5,752) (6,639)
Net cash provided by (used in) financing activities (75,913) (67,427) 142,011
Net (decrease) increase in cash, cash equivalents and restricted cash (123,100) (86,571) 298,987
Cash, cash equivalents and restricted cash at beginning of period (Note 8) 225,990 312,561 13,574
Cash, cash equivalents and restricted cash at end of period (Note 8) 102,890 225,990 312,561
Supplemental disclosure of other cash flow activities and non-cash investing and financing activities:      
Cash paid for interest 50,679 37,928 22,076
Cash paid for taxes, net 96,616 6,915 8,601
Purchases of capital assets included in accounts payable or other accrued liabilities at period end $ 7,338 $ 8,256 $ 6,666