XML 19 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jul. 29, 2017
Jul. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (11,232) $ (6,552)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 32,546 26,212
Net non-cash charges resulting from inventory step-up 1,860 3,401
Amortization of debt discount 15,018 14,213
Excess tax shortfall from exercise of stock options   1,769
Stock-based compensation expense 36,166 14,303
Other non-cash interest expense 2,314 2,222
Change in assets and liabilities—net of acquisition:    
Accounts receivable (617) (422)
Merchandise inventories 140,331 (52,119)
Prepaid expense and other assets 37,329 (16,403)
Accounts payable and accrued expenses 29,874 (63,483)
Deferred revenue and customer deposits 30,349 15,312
Other current liabilities 2,269 (23,310)
Deferred rent and lease incentives 1,166 2,257
Other non-current obligations (975) 8,951
Net cash provided by (used in) operating activities 316,398 (73,649)
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (39,362) (70,999)
Construction related deposits (5,285) (3,661)
Purchase of trademarks and domain names (39) (164)
Proceeds from sale of assets held for sale—net 15,123  
Purchase of investments (16,109) (136,799)
Maturities of investments 46,890 77,313
Sales of investments 145,020 31,896
Acquisition of business—net of cash acquired   (116,100)
Net cash provided by (used in) investing activities 146,238 (218,514)
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowing under promissory note 14,000  
Repayments under promissory note (117)  
Debt issuance costs (7,939)  
Repurchases of common stock—including commissions (1,000,326)  
Payments on build-to-suit lease transactions (4,601)  
Proceeds from exercise of stock options 11,170 288
Excess tax shortfall from exercise of stock options   (1,769)
Tax withholdings related to issuance of stock-based awards (3,106) (946)
Payments on capital leases (158) (166)
Net cash used in financing activities (528,077) (2,593)
Effects of foreign currency exchange rate translation 55 452
Net decrease in cash and cash equivalents (65,386) (294,304)
Cash and cash equivalents    
Beginning of period 87,023 331,467
End of period 21,637 37,163
Non-cash transactions:    
Property and equipment additions due to build-to-suit lease transactions 27,340 9,676
Property and equipment additions in accounts payable and accrued expenses at period-end 23,860 22,903
Property and equipment additions from use of construction related deposits 19,338 $ 2,659
Property and equipment acquired under capital lease 753  
Asset Based Credit Facility [Member]    
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowing 323,000  
Repayments under asset based credit facility (40,000)  
Term Loan [Member]    
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowing $ 180,000