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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
May 01, 2021
May 02, 2020
Operating activities:    
Net income $ 94,563 $ 49,323
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 34,116 37,819
Non-cash lease expense 64,457 57,766
Deferred income taxes (5,369) (8,838)
Non-cash impairment charge 194 362
Loss on disposition of equipment 780 129
Non-cash share-based compensation expense 11,907 2,985
Unrealized (gain) loss on fuel derivatives (1,005) 3,144
Change in assets and liabilities    
Inventories 38,813 114,707
Accounts payable (17,492) (102,779)
Operating lease liabilities (53,511) (54,919)
Current income taxes 29,435 27,077
Other current assets 1,294 (486)
Other current liabilities 2,703 16,315
Other assets 389 4,395
Other liabilities 3,019 (879)
Net cash provided by operating activities 204,293 146,121
Investing activities:    
Capital expenditures (32,160) (28,928)
Cash proceeds from sale of property and equipment 7 26
Other (17) (11)
Net cash used in investing activities (32,170) (28,913)
Financing activities:    
Net (repayments of) proceeds from long-term debt 3,580 (157,337)
Payment of finance lease obligations 1,293 982
Dividends paid (12,460) (12,478)
Payment for treasury shares acquired (101,016) (1,940)
Other (1) 6
Net cash (used in) provided by financing activities (118,350) 141,943
Increase in cash and cash equivalents 53,773 259,151
Cash and cash equivalents:    
Beginning of period 559,556 52,721
End of period $ 613,329 $ 311,872