XML 36 R8.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jan. 25, 2025
Jan. 27, 2024
Jan. 28, 2023
Cash flows from operating activities:      
Net income $ 233,413 $ 218,923 $ 142,213
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 198,571 163,092 144,181
Non-cash lease expense 41,030 35,181 32,069
Deferred income tax (benefit) provision (17,390) (10,643) 4,532
Stock-based compensation 40,320 25,457 17,927
(Recovery of) provision for bad debt, net (1,184) 274 2,600
Gain on sale of fixed assets (36,461) (28,348) (16,759)
Loss on debt extinguishment 965 0 0
Amortization of debt issuance costs and other 4,431 2,984 2,835
Change in operating assets and liabilities, net of acquisitions:      
Accounts receivable, net (117,766) (142,383) (173,714)
Contract assets/liabilities, net 31,191 23,034 (18,394)
Other current assets and inventories 4,284 3,085 (41,270)
Other assets (20,956) 408 5,666
Income taxes receivable/payable 26,476 (14,205) 23,463
Accounts payable (16,810) 6,989 49,396
Accrued liabilities, insurance claims, operating lease liabilities, and other liabilities (21,018) (24,872) (9,956)
Net cash provided by operating activities 349,096 258,976 164,789
Cash flows from investing activities:      
Capital expenditures (250,457) (218,492) (200,955)
Proceeds from sale of assets 39,135 35,231 17,372
Cash paid for acquisitions, net of cash acquired (183,876) (122,902) (350)
Net cash used in investing activities (395,198) (306,163) (183,933)
Cash flows from financing activities:      
Proceeds from borrowings on senior credit agreement, including term loans 987,375 763,000 0
Principal payments on senior credit agreement, including term loans (852,375) (780,500) (17,500)
Debt issuance costs (6,671) 0 0
Repurchase of common stock (65,640) (49,659) (48,732)
Exercise of stock options (7,959) 1,149 4,557
Restricted stock tax withholdings (17,044) (9,903) (5,752)
Net cash provided by (used in) financing activities 37,686 (75,913) (67,427)
Net decrease in cash, cash equivalents and restricted cash (8,416) (123,100) (86,571)
Cash, cash equivalents and restricted cash at beginning of period (Note 8) 102,890 225,990 312,561
Cash, cash equivalents and restricted cash at end of period (Note 8) 94,474 102,890 225,990
Supplemental disclosure of other cash flow activities and non-cash investing and financing activities:      
Cash paid for interest 57,924 50,679 37,928
Cash paid for taxes, net 61,542 96,616 6,915
Purchases of capital assets included in accounts payable or other accrued liabilities at period end $ 16,059 $ 7,338 $ 8,256