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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Nov. 02, 2019
Nov. 03, 2018
Operating activities:    
Net income $ 148,700 $ 48,847
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 98,153 82,666
Non-cash lease amortization expense 171,564 0
Deferred income taxes 16,842 (8,937)
Non-cash impairment charge 3,292 0
(Gain) Loss on disposition of equipment (178,431) 350
Non-cash share-based compensation expense 11,738 21,722
Unrealized loss (gain) on fuel derivatives 126 (460)
Change in assets and liabilities    
Inventories (147,702) (201,095)
Accounts payable 79,092 128,409
Operating lease liabilities (163,970) 0
Current income taxes 2,000 (35,540)
Other current assets (4,880) (15,626)
Other current liabilities 48,538 7,943
Other assets (2,066) 1,253
Other liabilities (2,448) 10,888
Net cash provided by operating activities 80,548 40,420
Investing activities:    
Capital expenditures (231,889) (165,396)
Cash proceeds from sale of property and equipment 190,679 367
Assets acquired under synthetic lease 0 (116,039)
Other (21) 35
Net cash used in investing activities (41,231) (281,033)
Financing activities:    
Net proceeds from long-term debt (140,926) (288,200)
Payment of finance lease obligations 72,479 2,899
Dividends paid (36,707) (38,592)
Proceeds from the exercise of stock options 200 1,859
Payment for treasury shares acquired (55,342) (111,747)
Proceeds from synthetic lease 0 116,039
Deferred financing cost paid (150) (1,488)
Other (5) 3
Net cash (used in) provided by financing activities (23,557) 251,375
Increase in cash and cash equivalents 15,760 10,762
Cash and cash equivalents:    
Beginning of period 46,034 51,176
End of period $ 61,794 $ 61,938