XML 18 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 29, 2017
Apr. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (3,370) $ (13,470)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 16,020 12,554
Net non-cash charges resulting from inventory step-up 1,380  
Amortization of debt discount 7,458 7,057
Excess tax shortfall from exercise of stock options   76
Stock-based compensation expense 5,289 3,998
Other non-cash interest expense 884 1,126
Change in assets and liabilities—net of acquisition:    
Accounts receivable 8 (3,504)
Merchandise inventories 66,067 (37,228)
Prepaid expense and other assets 8,654 (33,098)
Accounts payable and accrued expenses 1,219 (14,604)
Deferred revenue and customer deposits 22,232 10,972
Other current liabilities (1,086) (25,143)
Deferred rent and lease incentives 726 894
Other non-current obligations (426) 20
Net cash provided by (used in) operating activities 125,055 (90,350)
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (13,456) (45,276)
Construction related deposits   (3,551)
Purchase of trademarks and domain names   (164)
Proceeds from sale of asset held for sale—net 4,900  
Purchase of investments (16,109) (44,604)
Maturities of investments 46,890 54,368
Sales of investments 145,020 31,896
Net cash provided by (used in) investing activities 167,245 (7,331)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repurchases of common stock (300,140)  
Payments on build-to-suit lease transactions (1,289)  
Proceeds from exercise of stock options 2,567 296
Excess tax shortfall from exercise of stock options   (76)
Tax withholdings related to issuance of stock-based awards (149) (141)
Payments on capital leases (76) (85)
Net cash used in financing activities (299,087) (6)
Effects of foreign currency exchange rate translation (86) 888
Net decrease in cash and cash equivalents (6,873) (96,799)
Cash and cash equivalents    
Beginning of period 87,023 331,467
End of period 80,150 234,668
Non-cash transactions:    
Property and equipment additions due to build-to-suit lease transactions 18,283 7,775
Property and equipment additions in accounts payable and accrued expenses at period-end 14,498 10,721
Property and equipment additions from use of construction related deposits $ 8,824 $ 1,740