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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Nov. 02, 2024
Oct. 28, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 58,495 $ 116,180
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 96,082 84,360
Non-cash operating lease cost 72,211 62,938
Stock-based compensation expense 33,757 28,538
Asset impairments 20,535 7,165
Non-cash finance lease interest expense 23,223 25,920
Deferred income taxes 5,399 40,884
Share of equity method investments loss-net 8,728 7,677
Other non-cash items 6,529 5,025
Change in assets and liabilities:    
Accounts receivable (7,917) 3,676
Merchandise inventories (224,244) 81,166
Prepaid expense and other assets 13,084 (12,788)
Landlord assets under construction-net of tenant allowances (33,032) (18,617)
Accounts payable and accrued expenses 43,812 (2,859)
Deferred revenue and customer deposits 25,065 (22,735)
Other current liabilities (9,974) (541)
Current and non-current operating lease liabilities (73,137) (65,021)
Other non-current obligations (22,747) (24,796)
Net cash provided by operating activities 35,869 316,172
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (179,897) (131,840)
Equity method investments (9,620) (34,321)
Net cash used in investing activities (189,517) (166,161)
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowings under asset based credit facility 190,000  
Repayments under term loans (18,750) (18,750)
Repayments under real estate loans (44) (20)
Repayments under promissory and equipment security notes   (1,160)
Repayments of convertible senior notes (41,904) (1,696)
Principal payments under finance lease agreements-net of tenant allowances (19,609) (9,551)
Repurchases of common stock-inclusive of excise taxes paid (11,988) (1,252,899)
Proceeds from exercise of stock options 19,241 5,816
Tax withholdings related to issuance of stock-based awards (188) (126)
Net cash provided by (used in) financing activities 116,758 (1,278,386)
Effects of foreign currency exchange rate translation on cash 214 (733)
Net decrease in cash and cash equivalents and restricted cash (36,676) (1,129,108)
Cash and cash equivalents and restricted cash    
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 87,012 380,695
End of period-restricted cash   1,960
End of period-cash and cash equivalents and restricted cash 87,012 382,655
Non-cash transactions:    
Property and equipment additions in accounts payable and accrued expenses at period-end 48,186 38,031
Landlord asset additions in accounts payable and accrued expenses at period-end $ 9,792 3,621
Excise tax from share repurchases in accounts payable and accrued expenses at period-end   $ 12,491