XML 27 R5.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
6 Months Ended
Jul. 31, 2011
Jul. 31, 2010
Cash flows from operating activities    
Net income (loss) $ 561 $ 7,400
Depreciation 5,604 6,625
Amortization, net 2,791 2,194
Loss from early extinguishment of debt 11,056 0
Provision for bad debts 12,530 17,973
Stock-based compensation 1,056 1,147
Costs related to store closings 3,658 0
Provision for deferred income taxes 3,468 619
Gain (loss) from sale of property and equipment (12) 198
Discounts and accretion on promotional credit (835) (1,011)
Customer accounts receivable 50,734 8,238
Other accounts receivable (2,140) (5,499)
Inventory 5,274 (35,607)
Prepaid expenses and other assets 1,407 8,412
Accounts payable (7,357) 22,171
Accrued expenses (865) (5,411)
Income taxes payable (1,998) (1,063)
Deferred revenues and allowances 844 (2,447)
Net cash provided by operating activities 85,776 23,939
Cash flows from investing activities    
Purchase of property and equipment (1,338) (1,653)
Proceeds from sales of property 0 588
Net cash used in investing activities (1,338) (1,065)
Cash flows from financing activities    
Net proceeds from stock issued under employee benefit plans, including tax benefit 840 93
Costs related to the issuance of common stock (65) 0
Proceeds from real estate note 8,000 0
Borrowings under lines of credit 146,939 127,372
Payments on lines of credit (135,234) (149,869)
Payment of term loan (100,000) 0
Payment of prepayment premium (4,830) 0
Payment of debt issuance costs (2,702) (4,182)
Payment of promissory notes (83) (69)
Net cash used in financing activities (87,135) (26,655)
Net change in cash (2,697) (3,781)
Cash and cash equivalents    
Cash and cash equivalents, Beginning of the year 10,977 12,247
Cash and cash equivalents, End of the year $ 8,280 $ 8,466