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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
May 02, 2020
May 04, 2019
Operating activities:    
Net (loss) income $ (20,892) $ 7,788
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 4,946 4,614
Non-cash operating lease costs 11,756 11,777
Asset impairment 286 0
Loss on disposal of property and equipment 4 2
Deferred income taxes (7,665) 153
Non-cash stock-based compensation expense 469 706
Changes in assets and liabilities:    
Inventory 16,373 8,587
Prepaid and other current assets 4,201 (477)
Other assets 1 (4)
Accounts payable 14,030 (9,628)
Accrued expenses and other long-term liabilities (6,795) (11,904)
Accrued compensation (5,490) (4,604)
Income tax receivable/payable 1,101 1,158
Layaway deposits 495 729
Net cash provided by operating activities 12,820 8,897
Investing activities:    
Sales/redemptions of investment securities 43,754 13,146
Purchases of investment securities (522) (4,825)
Purchases of property and equipment (3,981) (2,287)
Net cash provided by investing activities 39,251 6,034
Financing activities:    
Borrowings under revolving credit facility 43,700  
Cash used to settle withholding taxes on the vesting of nonvested restricted stock (479) (712)
Dividends paid to stockholders (831) (958)
Repurchases of common stock (6,254) (1,640)
Net cash provided by (used in) financing activities 36,136 (3,310)
Net increase in cash and cash equivalents 88,207 11,621
Cash and cash equivalents:    
Beginning of period 19,923 17,863
End of period 108,130 29,484
Supplemental disclosures of cash flow information:    
Cash paid for interest 163 31
Cash refunds of income taxes (45) (1)
Supplemental disclosures of non-cash investing activities:    
Accrual for purchases of property and equipment $ 936 $ 1,026