XML 63 R7.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
May 02, 2020
May 04, 2019
Cash Flows from Operating Activities:    
Net (loss) income $ (178,290) $ 2,025
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Goodwill and intangible impairment 113,180 0
Inventory write-offs 43,101 4,934
Depreciation and amortization 17,777 23,837
Non-cash lease expense 51,018 52,232
Right of use asset impairment 2,442 0
Loss on disposal and impairment of property and equipment, net 18,637 113
Deferred tax benefit (22,067) (732)
Share-based compensation expense 1,704 1,494
Changes in assets and liabilities:    
Inventories (69,490) (12,118)
Prepaid expenses and other assets (55,955) (1,138)
Accounts payable 5,966 (17,745)
Accrued and other liabilities (7,537) 9,685
Lease liability (19,119) (56,876)
Net cash (used in) provided by operating activities (98,633) 5,711
Cash Flows from Investing Activities:    
Purchases of marketable securities (5,191) (15,084)
Proceeds from sale of marketable securities 41,156 14,313
Purchases of property and equipment (6,464) (7,666)
Net cash provided by (used in) investing activities 29,501 (8,437)
Cash Flows from Financing Activities:    
Proceeds from borrowings 106,500 0
Payments on borrowings 0 (3,750)
Proceeds from issuance of common stock 252 346
Dividends paid (10,686) (10,345)
Payments of tax withholdings related to share-based awards (933) (2,430)
Net cash provided by (used in) financing activities 95,133 (16,179)
Effects of exchange rate changes on cash and cash equivalents (132) (82)
Net increase (decrease) in cash and cash equivalents 25,869 (18,987)
Cash and Cash Equivalents, Beginning of period 63,972 124,128
Cash and Cash Equivalents, End of period 89,841 105,141
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 676 576
Cash received for income taxes, net $ (166) $ (562)