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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Oct. 26, 2024
Oct. 28, 2023
Cash flows from operating activities:    
Net income $ 200,743 $ 195,505
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 143,778 117,786
Non-cash lease expense 29,877 26,035
Deferred income tax benefit (17,880) (2,224)
Stock-based compensation 31,329 19,240
(Recovery of) provision for bad debt, net (1,006) 1,028
Gain on sale of fixed assets (28,765) (23,730)
Loss on debt extinguishment 965 0
Amortization of debt issuance costs and other 3,684 2,295
Change in operating assets and liabilities, net of acquisitions:    
Accounts receivable, net (405,498) (361,051)
Contract assets, net 19,192 (11,265)
Other current assets and inventories 7,107 (5,695)
Other assets (9,087) 701
Income taxes payable/receivable 22,361 (14,602)
Accounts payable 2,881 (3,503)
Accrued liabilities, insurance claims, operating lease liabilities, and other liabilities 21,198 (6,631)
Net cash provided by (used in) operating activities 20,879 (66,111)
Cash flows from investing activities:    
Capital expenditures (181,965) (161,133)
Proceeds from sale of assets 30,413 30,526
Cash paid for acquisitions, net of cash acquired (183,876) (122,902)
Net cash used in investing activities (335,428) (253,509)
Cash flows from financing activities:    
Proceeds from borrowings on senior credit agreement, including term loan 755,375 475,000
Principal payments on senior credit agreement, including term loan (465,375) (334,125)
Debt issuance costs (6,671) 0
Repurchase of common stock (29,787) (20,298)
Exercise of stock options (7,959) 304
Restricted stock tax withholdings (16,851) (9,782)
Net cash provided by financing activities 228,732 111,099
Net decrease in cash, cash equivalents and restricted cash (85,817) (208,521)
Cash, cash equivalents and restricted cash at beginning of period (Note 8) 102,890 225,990
Cash, cash equivalents and restricted cash at end of period (Note 8) 17,073 17,469
Supplemental disclosure of other cash flow activities and non-cash investing and financing activities:    
Cash paid for interest 47,385 41,897
Cash paid for taxes, net 57,770 81,892
Purchases of capital assets included in accounts payable or other accrued liabilities at period end $ 11,925 $ 11,433