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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Apr. 30, 2022
May 01, 2021
Jan. 29, 2022
OPERATING ACTIVITIES      
Net income $ 16,174 $ 171,030  
Adjustments to reconcile net income to net cash (used in) provided by operating activities      
Depreciation and amortization 66,304 55,610  
Impairment charges—long-lived assets 2,543 777  
Amortization of deferred financing costs 986 1,651  
Accretion of long term debt instruments 238 197  
Deferred income taxes 4,496 9,010  
Loss on extinguishment of debt 14,657    
Non-cash stock compensation expense [1] 16,705 12,879  
Non-cash lease expense (357) (4,799)  
Cash received from landlord allowances 7,199 9,690  
Changes in assets and liabilities:      
Accounts receivable (23,710) (20,175)  
Merchandise inventories (236,096) (26,787)  
Prepaid and other current assets 161,509 (29,182)  
Accounts payable (119,282) 42,651  
Other current liabilities (88,880) (3,029)  
Other long term assets and long term liabilities 1,114 346  
Other operating activities 4,101 3,540  
Net cash (used in) provided by operating activities (172,299) 223,409  
INVESTING ACTIVITIES      
Cash paid for property and equipment (106,899) (71,671)  
Other investing activities (75) (149)  
Net cash (used in) investing activities (106,974) (71,820)  
FINANCING ACTIVITIES      
Principal payments on long term debt- Term B-6 Loans (2,404)    
Principal payment on long term debt-Convertible Note (78,187)    
Purchase of treasury shares (104,763) (13,083)  
Proceeds from stock option exercises 4,721 16,089  
Other financing activities (4,135) (4,271)  
Net cash (used in) financing activities (184,768) (1,265)  
(Decrease) increase in cash, cash equivalents, restricted cash and restricted cash equivalents (464,041) 150,324  
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period 1,097,673 1,386,858 $ 1,386,858
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period 633,632 1,537,182 $ 1,097,673
Supplemental disclosure of cash flow information:      
Interest paid 14,228 23,758  
Income tax payments - net (177,205) 462  
Non-cash investing and financing activities:      
Accrued purchases of property and equipment $ 37,235 $ 41,745  
[1] The amounts presented in the table above exclude taxes. For the three month period ended April 30, 2022, the tax benefit related to the Company’s non-cash stock compensation was approximately $3.2 million. For the three month period ended May 1, 2021, the tax benefit related to the Company’s non-cash stock compensation was approximately $2.4 million.