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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Aug. 03, 2024
Jul. 29, 2023
Operating activities:    
Net income $ 64,467 $ 84,313
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 78,652 60,068
Share-based compensation expense 4,728 9,605
Deferred income tax expense 2,738 1,021
Other non-cash expenses 196 72
Changes in operating assets and liabilities:    
Inventories (55,254) (15,901)
Prepaid income taxes and tax receivable (9,306) (1,626)
Prepaid expenses and other assets 13,856 6,644
Accounts payable 887 17,674
Income taxes payable (41,772) (19,928)
Accrued salaries and wages (17,454) 859
Operating leases 37,878 20,782
Other accrued expenses 18,078 5,685
Net cash provided by operating activities 97,694 169,268
Investing activities:    
Purchases of investment securities and other investments (4,508) (128,950)
Sales, maturities, and redemptions of investment securities 173,958 93,982
Capital expenditures (191,472) (116,423)
Net cash used in investing activities (22,022) (151,391)
Financing activities:    
Net proceeds from issuance of common stock 600 440
Repurchase and retirement of common stock (40,226) 0
Proceeds from exercise of options to purchase common stock and vesting of restricted and performance-based restricted stock units 1 54
Common shares withheld for taxes (6,757) (16,151)
Net cash used in financing activities (46,382) (15,657)
Net increase in cash and cash equivalents 29,290 2,220
Cash and cash equivalents at beginning of period 179,749 332,324
Cash and cash equivalents at end of period 209,039 334,544
Supplemental disclosures of cash flow information:    
(Decrease) Increase in accrued purchases of property and equipment $ (128) $ 31,801