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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jul. 30, 2022
Jul. 31, 2021
Operating activities:    
Net income $ 74,062 $ 114,437
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 49,120 39,480
Share-based compensation expense 12,139 12,353
Deferred income tax expense 5,258 6,867
Other non-cash expenses 281 354
Changes in operating assets and liabilities:    
Inventories (114,097) (66,035)
Prepaid income taxes and tax receivable (3,046) (3,060)
Prepaid expenses and other assets (15,967) (9,050)
Accounts payable 64,908 29,616
Income taxes payable (28,096) (1,094)
Accrued salaries and wages (33,556) (1,791)
Operating leases 17,167 10,743
Other accrued expenses 17,984 15,987
Net cash provided by operating activities 46,157 148,807
Investing activities:    
Purchases of investment securities and other investments (21,848) (251,447)
Sales, maturities, and redemptions of investment securities 219,391 100,842
Capital expenditures (109,710) (134,614)
Net cash provided by (used in) investing activities 87,833 (285,219)
Financing activities:    
Net proceeds from issuance of common stock 464 443
Repurchase and retirement of common stock (40,007) 0
Proceeds from exercise of options to purchase common stock and vesting of restricted and performance-based restricted stock units 102 359
Common shares withheld for taxes (4,421) (6,978)
Net cash used in financing activities (43,862) (6,176)
Net increase (decrease) in cash and cash equivalents 90,128 (142,588)
Cash and cash equivalents at beginning of period 64,973 268,783
Cash and cash equivalents at end of period 155,101 126,195
Supplemental disclosures of cash flow information:    
Increase in accrued purchases of property and equipment $ (3,841) $ 16,698