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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Feb. 03, 2024
Jan. 28, 2023
Jan. 29, 2022
Operating activities:      
Net income $ 301,106 $ 261,528 $ 278,810
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 130,747 105,617 84,831
Share-based compensation expense 17,859 23,583 25,787
Deferred income tax expense 7,592 22,995 7,245
Other non-cash expenses 351 409 708
Changes in operating assets and liabilities:      
Inventories (56,907) (72,616) (173,837)
Prepaid income taxes and tax receivable 4,064 2,427 (4,975)
Prepaid expenses and other assets (26,651) (39,379) (26,287)
Accounts payable 35,133 24,891 61,559
Income taxes payable 21,844 (8,168) 26,071
Accrued salaries and wages 4,608 (28,119) 10,094
Operating leases 51,515 30,022 13,131
Other accrued expenses 8,358 (8,264) 24,775
Net cash provided by operating activities 499,619 314,926 327,912
Investing activities:      
Purchases of investment securities and other investments (416,649) (56,459) (477,082)
Sales, maturities, and redemptions of investment securities 195,364 304,473 299,652
Capital expenditures (335,050) (251,954) (288,167)
Net cash used in investing activities (556,335) (3,940) (465,597)
Financing activities:      
Cash paid for Revolving Credit Facility financing costs 0 (248) 0
Net proceeds from issuance of common stock 980 824 828
Repurchase and retirement of common stock (80,541) (40,007) (60,011)
Proceeds from exercise of options to purchase common stock and vesting of restricted and performance-based restricted stock units 288 777 390
Common shares withheld for taxes 16,586 4,981 7,332
Net cash used in financing activities (95,859) (43,635) (66,125)
Net (decrease) increase in cash and cash equivalents (152,575) 267,351 (203,810)
Cash and cash equivalents at end of year 332,324 64,973 268,783
Cash and cash equivalents at end of year 179,749 332,324 64,973
Supplemental disclosures of cash flow information:      
Interest paid 496 537 590
Income taxes paid 68,277 75,561 59,550
Increase in accounts payable and accrued purchases of property and equipment $ 4,686 $ 1,634 $ 8,810