XML 15 R5.htm IDEA: XBRL DOCUMENT v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Oct. 28, 2023
Oct. 29, 2022
Operating Activities    
Net earnings $ 116,172 $ 140,529
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 25,575 23,945
Amortization of capitalized software 3,713 3,669
Amortization of intangible assets 9,117 9,080
Amortization of debt issuance costs and debt discount 305 305
Share-based compensation expense 10,924 13,249
Loss on disposal of property and equipment 1,121 1,167
Impairment charges for property, equipment, and lease right-of-use assets 589 1,979
Adjustment to expected credit losses 1,053 (303)
Deferred income taxes 501 313
Changes in operating assets and liabilities:    
Receivables (29,794) (38,826)
Inventories 23,769 (53,025)
Prepaid expenses and other current and noncurrent assets (8,414) (4,496)
Trade accounts payable 27,491 (51,547)
Accrued expenses and other liabilities (45,727) (33,667)
Income taxes, net 20,759 34,833
Other, net 29 (939)
Net cash provided by operating activities 157,183 46,266
Investing Activities    
Purchases of property and equipment (33,976) (40,056)
Capitalized software (3,404) (5,350)
Net cash used for investing activities (37,380) (45,406)
Financing Activities    
Borrowings under revolving credit agreement 365,000 708,500
Repayments under revolving credit agreement (450,500) (634,000)
Dividends paid (7,483) (7,698)
Acquisition of treasury stock (17,445) (63,225)
Issuance of common stock under share-based plans, net (10,035) (4,804)
Contributions by noncontrolling interests 1,000 3,142
Net cash (used for) provided by financing activities (119,463) 1,915
Effect of exchange rate changes on cash and cash equivalents (9) (117)
Increase in cash and cash equivalents 331 2,658
Cash and cash equivalents at beginning of period 33,700 30,115
Cash and cash equivalents at end of period $ 34,031 $ 32,773