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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jul. 30, 2022
Jul. 31, 2021
Jul. 30, 2022
Jan. 29, 2022
Jul. 31, 2021
Jan. 29, 2022
OPERATING ACTIVITIES            
Net income     $ 28,139   $ 273,584  
Adjustments to reconcile net income to net cash (used in) provided by operating activities            
Depreciation and amortization $ 67,970 $ 62,814 134,274   118,424  
Impairment charges—long-lived assets 4,415 970 6,958   1,747  
Amortization of deferred financing costs     1,835   3,100  
Accretion of long term debt instruments     476   411  
Deferred income taxes     (1,804)   42,434  
Loss on extinguishment of debt   31,395 14,657   31,395  
Non-cash stock compensation expense [1] 17,173 23,180 33,878   36,059  
Non-cash lease expense     (343)   (6,968)  
Cash received from landlord allowances     9,116   19,995  
Changes in assets and liabilities:            
Accounts receivable     (16,908)   (15,631)  
Merchandise inventories     (245,687)   (87,364)  
Prepaid and other current assets     235,468   (89,449)  
Accounts payable     (283,861)   116,346  
Other current liabilities     (71,405)   (25,875)  
Other long term assets and long term liabilities     (287)   1,087  
Other operating activities     2,632   7,575  
Net cash (used in) provided by operating activities     (152,862)   426,870  
INVESTING ACTIVITIES            
Cash paid for property and equipment     (208,776)   (147,187)  
Lease acquisition costs     (943)   (436)  
Proceeds from sale of property and equipment and assets held for sale     23,324   5,988  
Net cash (used in) investing activities     (186,395)   (141,635)  
FINANCING ACTIVITIES            
Proceeds from long term debt-Term B-6 Loans         956,608  
Principal payment on long term debt-Convertible Note     (78,236)      
Principal payments on long term debt-Secured Note         (323,866)  
Purchase of treasury shares     (212,721)   (13,261)  
Proceeds from stock option exercises     5,952   28,900  
Other financing activities     (7,037)   (8,159)  
Net cash (used in) financing activities     (296,849)   (321,193)  
(Decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents     (636,106)   (35,958)  
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period     1,097,673 $ 1,350,900 1,386,858 $ 1,386,858
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period $ 461,567 $ 1,350,900 461,567 $ 1,097,673 1,350,900 $ 1,097,673
Supplemental disclosure of cash flow information:            
Interest paid     23,082   32,719  
Income tax (refund) payments - net     (236,496)   100,269  
Non-cash investing and financing activities:            
Accrued purchases of property and equipment     63,132   43,207  
Senior Secured Term B-6 Loans            
FINANCING ACTIVITIES            
Principal payments on long term debt     $ (4,807)      
Senior Secured Term B-5 Loans            
FINANCING ACTIVITIES            
Principal payments on long term debt         $ (961,415)  
[1] The amounts presented in the table above exclude taxes. For the three and six month periods ended July 30, 2022, the tax benefit related to the Company’s non-cash stock compensation was approximately $3.0 million and $6.2 million, respectively. For the three and six month periods ended July 31, 2021, the tax benefit related to the Company’s non-cash stock compensation was approximately $3.7 million and $6.1 million, respectively.