XML 17 R7.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Apr. 29, 2023
Apr. 30, 2022
Cash Flows from Operating Activities:    
Net income $ 39,906 $ 34,932
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 9,940 11,590
Non-cash lease expense 46,058 44,131
Loss on disposal and impairment of property and equipment, net 30 1,968
Deferred tax benefit 132 (430)
Share-based compensation expense 3,119 3,863
Changes in assets and liabilities:    
Inventories (16,936) (2,176)
Prepaid expenses and other assets 2,183 (6,449)
Income tax receivable 2,663 961
Accounts payable (19,359) (19,483)
Accrued and other liabilities (6,865) (1,182)
Lease liability (49,230) (67,908)
Net cash provided by (used in) operating activities 11,641 (183)
Cash Flows from Investing Activities:    
Purchases of marketable securities (271) 0
Proceeds from sale of marketable securities 1,640 0
Purchases of property and equipment (7,789) (2,571)
Net cash used in investing activities (6,420) (2,571)
Cash Flows from Financing Activities:    
Payments on borrowings (25,000) 0
Payments of debt issuance costs 0 (706)
Proceeds from issuance of common stock 120 143
Repurchase of treasury stock under repurchase program (19,805) 0
Payments of tax withholdings related to share-based awards (6,179) (7,657)
Net cash used in financing activities (50,864) (8,220)
Net decrease in cash and cash equivalents (45,643) (10,974)
Cash and Cash Equivalents, Beginning of period 153,377 115,105
Cash and Cash Equivalents, End of period 107,734 104,131
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 1,042 1,480
Cash (paid) received for income taxes, net $ (92) $ 6