XML 17 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income $ 126,337 $ (42,091)
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:    
Stock-based compensation 16,696 16,939
Depreciation and amortization 11,611 13,235
Loss on disposal of fixed assets 449 473
Impairment of intangibles   42,528
Impairment of lease right-of-use asset and fixed assets 1,089 36,896
Deferred taxes 452 (17,509)
Accrued interest on note receivable - related party (18) (24)
Change in valuation of contingent considerations 7,834 (5,020)
Gain (Loss) on Disposition of Intangible Assets (8,000)  
Recovery of receivables, related to the Payless ShoeSource bankruptcy (919) 0
Changes, net of acquisitions, in:    
Accounts receivable (10,561) 4,640
Increase (Decrease) in Accounts and Other Receivables 95,077 16,405
Notes receivable - related party 307 308
Inventories (99,778) 27,213
Prepaid expenses, income tax receivables, prepaid taxes, and other current assets (2,638) 7,691
Accounts payable and accrued expenses 143,111 (54,156)
Accrued incentive compensation 8,961 (7,319)
Leases and other liabilities (3,672) (6,792)
Net cash provided by operating activities 96,184 607
Cash flows from investing activities:    
Capital expenditures 4,599 5,496
Proceeds from Sale of Intangible Assets 8,000  
Payments to Acquire Short-term Investments 43,376 41,223
Proceeds from Sale of Short-term Investments 42,383 47,243
Net cash provided by investing activities 2,408 524
Cash flows from financing activities:    
Tax benefit from the exercise of options 7,232 960
Payments to Noncontrolling Interests   359
Payments of Distributions to Affiliates (2,859)  
Common stock purchased for treasury (74,685) (29,796)
Cash dividends paid on common stock (36,990) (12,459)
Advances from factor 0 176,784
Repayments of advances from factor 0 (176,784)
Net cash used in financing activities (126,429) (40,936)
Effect of Exchange Rate on Cash and Cash Equivalents (504) (476)
Net decrease in cash and cash equivalents (28,341) (40,281)
Cash and cash equivalents – beginning of period 247,864 264,101
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Total 219,523 $ 223,820
Payments to Acquire Interest in Joint Venture $ (19,127)