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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
May 01, 2022
May 02, 2021
Cash flows from operating activities:    
Net earnings $ 254,113 $ 227,802
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 50,251 47,922
Loss on disposal/impairment of assets 159 195
Amortization of deferred lease incentives (784) (1,108)
Non-cash lease expense 54,338 52,955
Deferred income taxes (2,725) (3,981)
Tax benefit related to stock-based awards 10,522 10,146
Stock-based compensation expense 28,542 26,330
Other (17) (223)
Changes in:    
Accounts receivable 8,741 1,522
Merchandise inventories (149,470) (79,726)
Prepaid expenses and other assets 13,517 34,562
Accounts payable 25,559 27,910
Accrued expenses and other liabilities (139,883) (90,883)
Gift card and other deferred revenue 42,924 16,174
Operating lease liabilities (58,025) (53,633)
Income taxes payable 46,757 22,917
Net cash provided by operating activities 184,519 238,881
Cash flows from investing activities:    
Purchases of property and equipment (71,186) (42,360)
Other 86 93
Net cash used in investing activities (71,100) (42,267)
Cash flows from financing activities:    
Repurchases of common stock (501,075) (315,529)
Tax withholdings related to stock-based awards (78,508) (98,451)
Payment of dividends (58,150) (45,576)
Repayment of long-term debt 0 (300,000)
Net cash used in financing activities (637,733) (759,556)
Effect of exchange rates on cash and cash equivalents (1,189) 2,275
Net decrease in cash and cash equivalents (525,503) (560,667)
Cash and cash equivalents at beginning of period 850,338 1,200,337
Cash and cash equivalents at end of period $ 324,835 $ 639,670