XML 17 R7.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Apr. 30, 2022
Apr. 30, 2021
Cash flows from operating activities:    
Net income $ 31,533 $ 53,547
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 26,702 25,633
Non-cash lease expense 47,980 45,422
Provision for deferred income taxes 7,420 37
Share-based compensation expense 7,102 4,570
Loss on disposition of property and equipment, net 85 121
Changes in assets and liabilities:    
Receivables (34,109) 4,760
Inventory (64,511) (87,427)
Prepaid expenses and other assets (22,913) (1,355)
Payables, accrued expenses and other liabilities (15,184) 43,442
Operating lease liabilities (63,662) (51,644)
Net cash (used in) provided by operating activities (79,557) 37,106
Cash flows from investing activities:    
Cash paid for property and equipment (73,723) (42,589)
Cash paid for marketable securities (18,703) (94,889)
Sales and maturities of marketable securities 106,043 73,848
Net cash provided by (used in) investing activities 13,617 (63,630)
Cash flows from financing activities:    
Proceeds from the exercise of stock options   1,073
Share repurchases related to share repurchase program (62,052)  
Share repurchases related to taxes for share-based awards (6,636) (7,418)
Net cash used in financing activities (68,688) (6,345)
Effect of exchange rate changes on cash and cash equivalents (307) 1,481
Decrease in cash and cash equivalents (134,935) (31,388)
Cash and cash equivalents at beginning of period 206,575 395,635
Cash and cash equivalents at end of period 71,640 364,247
Cash paid during the year for:    
Income taxes 1,476 1,095
Non-cash investing activities—Accrued capital expenditures $ 23,914 $ 40,018