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CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)
$ in Thousands
 3 Months Ended
May 04, 2024
Apr. 29, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 275,295 $ 304,649
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 91,477 82,348
Amortization of deferred financing fees and debt discount 580 637
Deferred income taxes 12,100 9,907
Stock-based compensation 17,257 12,809
Other, net 100 (1,464)
Changes in assets and liabilities:    
Accounts receivable (29,146) (25,991)
Inventories (352,351) (166,582)
Prepaid expenses and other assets (22,918) (11,913)
Accounts payable 192,488 (99,959)
Accrued expenses 7,563 (70,362)
Income taxes payable / receivable 48,218 7,383
Construction allowances provided by landlords 31,369 23,684
Deferred revenue and other liabilities (21,798) (42,183)
Operating lease assets and liabilities (18,515) (71,343)
Net cash provided by (used in) operating activities 231,719 (48,380)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (157,525) (84,507)
Proceeds from sale of other assets 0 27,500
Other investing activities (474) (31,360)
Net cash used in investing activities (157,999) (88,367)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal paid in connection with exchange of convertible senior notes 0 (137)
Payments on finance lease obligations 0 (198)
Proceeds from exercise of stock options 12,293 12,370
Minimum tax withholding requirements (30,300) (94,695)
Cash paid for treasury stock (108,629) (57,701)
Cash dividends paid to stockholders (94,395) (104,783)
(Decrease) increase in bank overdraft (4,772) 100,278
Net cash used in financing activities (225,803) (144,866)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (60) (93)
NET DECREASE IN CASH AND CASH EQUIVALENTS (152,143) (281,706)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 1,801,220 1,924,386
CASH AND CASH EQUIVALENTS, END OF PERIOD 1,649,077 1,642,680
Supplemental disclosure of cash flow information:    
Accrued property and equipment 104,334 81,160
Cash paid for interest 504 1,578
Cash paid for income taxes 6,632 7,685
Accrued Treasury Stock $ 5,000 $ 0