XML 27 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Nov. 01, 2014
Nov. 02, 2013
Cash flows from operating activities:    
Net income (loss) $ (20,750) $ 22,049
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation and amortization 30,308 31,459
Net gain on asset disposition (3,125) (1,446)
Provision (benefit) for store closures and asset impairment 14,177 (45)
Stock-based compensation 1,962 1,944
Provision for uncollectible receivables 297 636
LIFO reserve increase 2,368 1,904
Deferred income tax benefit (8,991) (2,970)
Income tax (charge) benefit upon exercise of stock options (68) 20
(Increase) decrease in operating assets:    
Trade and non-trade receivables (4,836) (1,612)
Insurance receivables (16) 298
Inventories (4,173) (34,144)
Other assets 43 (2,308)
Increase (decrease) in operating liabilities:    
Accounts payable and accrued expenses 39,914 38,188
Income taxes payable (10,495) (586)
Other noncurrent liabilities 13,336 4,122
Net cash provided by operating activities 49,951 57,509
Cash flows from investing activities:    
Capital expenditures (17,885) (20,582)
Proceeds from asset dispositions 4,510 3,258
Insurance recoveries for replacement assets 0 176
Asset acquisition, net (primarily intangibles) (28,322) (13,053)
Net cash used in investing activities (41,697) (30,201)
Cash flows provided by (used in) financing activities:    
Payments of indebtedness and capital lease obligations (1,583) (1,229)
Proceeds from revolving line of credit 383,568 192,661
Payments on revolving line of credit (383,568) (199,647)
Excess tax charges from stock-based compensation 68 (20)
Proceeds from exercise of stock options and employee stock purchase plan 762 1,004
Cash dividends paid (6,631) (6,621)
Net cash used in financing activities (7,384) (13,852)
Increase (decrease) in cash and cash equivalents 870 13,456
Cash and cash equivalents:    
Beginning of year 6,725 8,129
End of period 7,595 21,585
Supplemental disclosures of cash flow information:    
Interest paid 405 377
Income taxes paid $ 8,044 $ 14,784