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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Aug. 03, 2024
Jul. 29, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 25,327 $ 118,367
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 63,084 55,906
Non-cash operating lease cost 48,358 38,858
Asset impairments 776 2,894
Stock-based compensation expense 22,073 18,718
Non-cash finance lease interest expense 15,329 17,280
Deferred income taxes   43,717
Share of equity method investments loss-net 7,301 4,984
Other non-cash items 4,366 4,454
Change in assets and liabilities:    
Accounts receivable (11,563) 5,332
Merchandise inventories (162,577) 64,848
Prepaid expense and other assets 6,219 (24,680)
Landlord assets under construction-net of tenant allowances (17,461) (13,959)
Accounts payable and accrued expenses 122,657 (32,205)
Deferred revenue and customer deposits 19,632 5,216
Other current liabilities (13,509) (2,315)
Current and non-current operating lease liabilities (48,383) (41,654)
Other non-current obligations (14,323) (17,406)
Net cash provided by operating activities 67,306 248,355
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (115,340) (81,596)
Equity method investments (9,423) (33,727)
Net cash used in investing activities (124,763) (115,323)
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowings under asset based credit facility 25,000  
Repayments under term loans (12,500) (12,500)
Repayments under real estate loans (16) (13)
Repayments under promissory and equipment security notes   (1,160)
Repayments of convertible senior notes   (1,696)
Principal payments under finance lease agreements-net of tenant allowances (11,957) (5,454)
Repurchases of common stock-inclusive of excise taxes paid   (1,208,290)
Proceeds from exercise of stock options 11,486 4,728
Tax withholdings related to issuance of stock-based awards (151) (96)
Net cash provided by (used in) financing activities 11,862 (1,224,481)
Effects of foreign currency exchange rate translation 240 271
Net decrease in cash and cash equivalents and restricted cash (45,355) (1,091,178)
Cash and cash equivalents, restricted cash and restricted cash equivalents    
Beginning of period-cash and cash equivalents 123,688 1,508,101
Beginning of period-restricted cash   3,662
Beginning of period-cash and cash equivalents and restricted cash 123,688 1,511,763
End of period-cash and cash equivalents 78,333 417,047
End of period-restricted cash   3,538
End of period-cash and cash equivalents and restricted cash 78,333 420,585
Non-cash transactions:    
Property and equipment additions in accounts payable and accrued expenses at period-end 38,654 25,140
Landlord asset additions in accounts payable and accrued expenses at period-end 12,530 2,863
Excise tax from share repurchases in accounts payable and accrued expenses at period-end $ 11,988 $ 12,045