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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
May 02, 2020
May 04, 2019
Operating activities:    
Net income $ 49,323 $ 15,540
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 37,819 33,104
Non-cash lease expense 57,766 57,093
Deferred income taxes (8,838) (6,891)
Non-cash impairment charge 362 234
Loss on disposition of equipment 129 110
Non-cash share-based compensation expense 2,985 4,335
Unrealized loss (gain) on fuel derivatives 3,144 (971)
Change in assets and liabilities    
Inventories 114,707 42,573
Accounts payable (102,779) (82,264)
Operating lease liabilities (54,919) (45,688)
Current income taxes 27,077 13,411
Other current assets (486) (7,237)
Other current liabilities 16,315 37,587
Other assets 4,395 (3,817)
Other liabilities (879) 316
Net cash provided by operating activities 146,121 57,435
Investing activities:    
Capital expenditures (28,928) (76,834)
Cash proceeds from sale of property and equipment 26 80
Other (11) (12)
Net cash used in investing activities (28,913) (76,766)
Financing activities:    
Net proceeds from long-term debt (157,337) (96,300)
Payment of finance lease obligations 982 967
Dividends paid (12,478) (13,197)
Proceeds from the exercise of stock options 0 200
Payment for treasury shares acquired (1,940) (45,465)
Other 6 (2)
Net cash provided by financing activities 141,943 36,869
Increase in cash and cash equivalents 259,151 17,538
Cash and cash equivalents:    
Beginning of period 52,721 46,034
End of period $ 311,872 $ 63,572