XML 26 R7.htm IDEA: XBRL DOCUMENT v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Aug. 02, 2025
Aug. 03, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 59,747 $ 25,327
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 69,865 63,084
Non-cash operating lease cost 51,106 48,358
Stock-based compensation expense 24,007 22,073
Asset impairments 3,948 776
Non-cash finance lease interest expense 18,193 15,329
Product recall 1,913  
Share of equity method investments (income) loss-net (6,853) 7,301
Distribution of return on equity method investment 4,630  
Other non-cash items 2,098 4,366
Change in assets and liabilities:    
Accounts receivable 2,407 (11,563)
Merchandise inventories 73,595 (162,577)
Prepaid expense and other assets (13,118) 6,219
Landlord assets under construction-net of tenant allowances (46,486) (17,461)
Accounts payable and accrued expenses (22,239) 122,657
Deferred revenue and customer deposits 54,800 19,632
Other current liabilities 13,451 (13,509)
Current and non-current operating lease liabilities (50,447) (48,383)
Other non-current obligations (16,298) (14,323)
Net cash provided by operating activities 224,319 67,306
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (109,565) (115,340)
Acquisition of business (32,119)  
Equity method investments (374) (9,423)
Acquisition of intangible asset (3,031)  
Receipt of promissory note repayment from equity method investee 1,750  
Distribution of return of equity method investment 7,916  
Proceeds from insurance recoveries 1,275  
Net cash used in investing activities (134,148) (124,763)
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowings under asset based credit facility 260,000 25,000
Repayments under asset based credit facility (325,000)  
Repayments under term loans (12,500) (12,500)
Repayments under real estate loans (169) (16)
Debt issuance costs (2,766)  
Principal payments under finance lease agreements-net of tenant allowances (8,031) (11,957)
Proceeds from exercise of stock options 1,258 11,486
Tax withholdings related to issuance of stock-based awards (31) (151)
Net cash provided by (used in) financing activities (87,239) 11,862
Effects of foreign currency exchange rate translation on cash 1,215 240
Net increase (decrease) in cash and cash equivalents 4,147 (45,355)
Cash and cash equivalents    
Beginning of period 30,413 123,688
End of period 34,560 78,333
Non-cash transactions    
Property and equipment additions in accounts payable and accrued expenses at period-end 32,089 38,654
Landlord asset additions in accounts payable and accrued expenses at period-end $ 11,439 12,530
Excise tax from share repurchases in accounts payable and accrued expenses at period-end   $ 11,988