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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Aug. 01, 2021
Jul. 26, 2020
Cash flows from operating activities:    
Net income $ 56,429 $ 25,754
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 15,221 14,340
Amortization of right-of-use assets 2,182 1,941
Investment impairments and credit loss reserves 714 5,115
Accretion of deferred financing costs and debt discount 241 242
Deferred income taxes 719 (6,209)
Share-based compensation 23,356 22,565
Loss (gain) on disposition of assets 2 (20)
Changes in the fair value of contingent earn-out obligations 0 (33)
Equity in net (gains) losses of equity method investments (752) 148
Corporate owned life insurance, net 3,626 2,030
Changes in assets and liabilities:    
Accounts receivable, net (2,629) 10,255
Inventories (15,537) (4,538)
Other assets 2,434 (3,798)
Accounts payable 2,274 (5,820)
Accrued liabilities 2,874 543
Other liabilities (5,555) 784
Net cash provided by operating activities 85,599 63,299
Cash flows from investing activities:    
Proceeds from sales of property, plant and equipment 42 20
Purchase of property, plant and equipment (12,732) (14,640)
Purchase of investments (3,177) (6,688)
Proceeds from sale of investments 0 327
Net cash used in investing activities (15,867) (20,981)
Cash flows from financing activities:    
Payments of revolving line of credit (4,000) (8,000)
Deferred financing costs 0 (30)
Payment for employee share-based compensation payroll taxes (7,289) (6,750)
Proceeds from exercise of stock options 2,323 2,981
Repurchase of common stock (67,000) (42,387)
Net cash used in financing activities (75,966) (54,186)
Net decrease in cash and cash equivalents (6,234) (11,868)
Cash and cash equivalents at beginning of period 268,891 293,324
Cash and cash equivalents at end of period 262,657 281,456
Supplemental disclosure of cash flow information:    
Interest paid 2,120 2,664
Income taxes paid 3,163 4,632
Non-cash investing and financing activities:    
Accounts payable related to capital expenditures 2,872 1,377
Conversion of notes into equity $ 626 $ 0