XML 18 R5.htm IDEA: XBRL DOCUMENT v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Apr. 30, 2022
May 01, 2021
Operating Activities    
Net earnings $ 49,985 $ 6,385
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 8,064 8,945
Amortization of capitalized software 1,265 1,518
Amortization of intangible assets 3,028 3,147
Amortization of debt issuance costs and debt discount 102 343
Fair value adjustments to Blowfish mandatory purchase obligation 0 6,389
Share-based compensation expense 3,799 2,439
Loss on disposal of property and equipment 933 811
Impairment charges for property, equipment, and lease right-of-use assets 1,777 1,888
Provision/adjustment for expected credit losses (617) (152)
Deferred income taxes 80 2,012
Changes in operating assets and liabilities:    
Receivables (58,698) (5,553)
Inventories (46,775) 43,062
Prepaid expenses and other current and noncurrent assets 1,044 (10)
Trade accounts payable 55,372 12,665
Accrued expenses and other liabilities (43,126) (14,730)
Income taxes, net 43,376 1,791
Other, net 77 (572)
Net cash provided by operating activities 19,686 70,378
Investing Activities    
Purchases of property and equipment (9,305) (2,659)
Capitalized software (2,345) (1,218)
Net cash used for investing activities (11,650) (3,877)
Financing Activities    
Borrowings under revolving credit agreement 205,000 110,500
Repayments under revolving credit agreement (190,000) (160,500)
Dividends paid (2,648) (2,663)
Acquisition of treasury stock (14,673) 0
Issuance of common stock under share-based plans, net (3,599) (3,501)
Contributions by noncontrolling interests 1,500 0
Other 0 (450)
Net cash used for financing activities (4,420) (56,614)
Effect of exchange rate changes on cash and cash equivalents (14) 62
Increase in cash and cash equivalents 3,602 9,949
Cash and cash equivalents at beginning of period 30,115 88,295
Cash and cash equivalents at end of period $ 33,717 $ 98,244