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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Oct. 28, 2023
Oct. 29, 2022
Operating activities:    
Net income $ 163,722 $ 70,547
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 174,559 150,462
Share-based compensation 35,289 29,962
Deferred income taxes 15,691 25,416
Loss on impairment of assets 10,759 [1] 0
Loss on exchange of Convertible Senior Notes   55,687
Changes in assets and liabilities:    
Accounts Receivable 3,906 36,662
Merchandise inventory (186,546) (244,864)
Operating lease assets 201,810 256,523
Operating lease liabilities (241,760) (248,721)
Other assets 793 (41,066)
Accounts payable 65,630 (43,378)
Accrued compensation and payroll taxes 44,584 (105,466)
Accrued and other liabilities (4,094) (28,466)
Net cash provided by (used for) operating activities 284,343 (86,702)
Investing activities:    
Capital expenditures for property and equipment (134,915) (199,364)
Other investing activities (9,346) (700)
Net cash used for investing activities (144,261) (200,064)
Financing activities:    
Proceeds from revolving line of credit and convertible notes 30,000 343,000
Principal payments on revolving line of credit (30,000)  
Net proceeds from stock options exercised 1,561 1,799
Repurchase of common stock from employees (10,666) (9,772)
Cash dividends paid (59,121) (64,767)
Principal paid in connection with exchange of Convertible Senior Notes due 2025   (136,077)
Accelerated share repurchase   (200,000)
Other financing activities (762) 1,670
Net cash used for financing activities (68,988) (64,147)
Effect of exchange rates changes on cash (363) (1,724)
Net change in cash and cash equivalents 70,731 (352,637)
Cash and cash equivalents - beginning of period 170,209 434,770
Cash and cash equivalents - end of period $ 240,940 $ 82,133
[1] $10.8 million of impairment of supply chain technology assets due to insufficient prospective cash flows to support the asset value, resulting from the restructuring of Quiet Platforms