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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 29, 2023
Apr. 30, 2022
Operating activities:    
Net income $ 37,478 $ 32,718
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 29,186 23,977
Share-based compensation expense 3,760 5,998
Deferred income tax expense 412 1,703
Other non-cash expenses (income) 36 (455)
Changes in operating assets and liabilities:    
Inventories (6,669) (49,078)
Prepaid income taxes and tax receivable 0 6,814
Prepaid expenses and other assets 11,695 4,878
Accounts payable 6,878 33,883
Income taxes payable 7,823 7,671
Accrued salaries and wages (12,030) (40,450)
Operating leases 3,716 4,341
Other accrued expenses 3,006 10,117
Net cash provided by operating activities 85,291 42,117
Investing activities:    
Purchases of investment securities and other investments (77,848) (5,005)
Sales, maturities, and redemptions of investment securities 56,452 120,541
Capital expenditures (45,091) (58,091)
Net cash (used in) provided by investing activities (66,487) 57,445
Financing activities:    
Repurchase and retirement of common stock 0 (40,007)
Proceeds from exercise of options to purchase common stock and vesting of restricted and performance-based restricted stock units 26 80
Common shares withheld for taxes (15,868) (4,107)
Net cash used in financing activities (15,842) (44,034)
Net increase in cash and cash equivalents 2,962 55,528
Cash and cash equivalents at beginning of period 332,324 64,973
Cash and cash equivalents at end of period 335,286 120,501
Supplemental disclosures of cash flow information:    
Increase (Decrease) in accrued purchases of property and equipment $ (2,941) $ (12,478)