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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Nov. 02, 2024
Oct. 28, 2023
Operating activities:    
Net income $ 66,154 $ 98,907
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 121,933 93,652
Share-based compensation expense 11,303 13,366
Deferred income tax expense 1,410 2,213
Other non-cash expenses 861 172
Changes in operating assets and liabilities:    
Inventories (233,205) (235,629)
Prepaid income taxes and tax receivable (15,514) (15,008)
Prepaid expenses and other assets (6,889) (12,530)
Accounts payable 96,900 123,374
Income taxes payable (41,772) (19,928)
Accrued salaries and wages (1,270) (6,063)
Operating leases 45,914 33,841
Other accrued expenses 21,288 15,521
Net cash provided by operating activities 67,113 91,888
Investing activities:    
Purchases of investment securities and other investments (4,508) (128,950)
Sales, maturities, and redemptions of investment securities 245,696 195,795
Capital expenditures (271,855) (231,921)
Net cash used in investing activities (30,667) (165,076)
Financing activities:    
Net proceeds from issuance of common stock 600 440
Repurchase and retirement of common stock (40,226) (80,541)
Proceeds from exercise of options to purchase common stock and vesting of restricted and performance-based restricted stock units 1 288
Common shares withheld for taxes (6,868) (16,395)
Net cash used in financing activities (46,493) (96,208)
Net decrease in cash and cash equivalents (10,047) (169,396)
Cash and cash equivalents at beginning of period 179,749 332,324
Cash and cash equivalents at end of period 169,702 162,928
Supplemental disclosures of cash flow information:    
(Decrease) Increase in accrued purchases of property and equipment $ (23,715) $ 11,541