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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
May 04, 2019
May 05, 2018
Operating activities:    
Net income $ 15,540 $ 31,239
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 33,104 26,056
Noncash lease amortization expense 57,093 0
Deferred income taxes (6,891) (7,349)
Non-cash impairment charge 234 0
Loss on disposition of equipment 110 201
Non-cash share-based compensation expense 4,335 12,196
Unrealized (gain) loss on fuel derivatives (971) (530)
Change in assets and liabilities    
Inventories 42,573 23,163
Accounts payable (82,264) (9,041)
Operating lease liabilities (45,688) 0
Current income taxes 13,411 19,742
Other current assets (7,237) (40,818)
Other current liabilities 37,587 36,606
Other assets (3,817) 932
Other liabilities 316 4,488
Net cash provided by operating activities 57,435 96,885
Investing activities:    
Capital expenditures (76,834) (31,015)
Cash proceeds from sale of property and equipment 80 62
Assets acquired under synthetic lease 0 (34,482)
Other (12) (2)
Net cash used in investing activities (76,766) (65,437)
Financing activities:    
Net proceeds from (repayments of) borrowings under bank credit facility (96,300) 25,800
Payment of finance lease obligations 967 924
Dividends paid (13,197) (14,386)
Proceeds from the exercise of stock options 200 20
Payment for treasury shares acquired (45,465) (11,193)
Proceeds from synthetic lease 0 34,482
Other (2) 7
Net cash provided by (used in) financing activities 36,869 (17,794)
Increase in cash and cash equivalents 17,538 13,654
Cash and cash equivalents:    
Beginning of period 46,034 51,176
End of period $ 63,572 $ 64,830