XML 19 R7.htm IDEA: XBRL DOCUMENT v3.24.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Cash flows from operating activities:      
Net income $ 287,674 $ 159,699 $ 310,616
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 102,487 102,339 105,672
Non-cash lease expense 202,265 193,863 193,032
Provision (benefit) for deferred income taxes 24,711 (2,577) (2,695)
Share-based compensation expense 30,508 29,449 25,741
Amortization of tax credit investment 15,906 0 0
Store impairment and lease abandonment charges 11,875 6,417 0
Asset impairment 6,404 0 0
Loss on disposition of property and equipment, net 309 982 1
Changes in assets and liabilities:      
Receivables 3,708 (7,103) 26,029
Inventory 38,785 (22,286) (181,898)
Prepaid expenses and other assets (53,532) (31,257) (10,209)
Payables, accrued expenses and other liabilities 74,185 (49,593) 124,840
Operating lease liabilities (235,874) (237,204) (231,810)
Net cash provided by operating activities 509,411 142,729 359,319
Cash flows from investing activities:      
Cash paid for property and equipment (199,625) (199,513) (262,429)
Cash paid for marketable securities (649,389) (109,148) (505,936)
Sales and maturities of marketable securities 347,366 276,650 280,701
Initial cash payment for tax credit investment (20,000) 0 0
Net cash used in investing activities (521,648) (32,011) (487,664)
Cash flows from financing activities:      
Proceeds from the exercise of share-based awards 594 376 3,290
Share repurchases related to share repurchase program 0 (112,016) (55,765)
Share repurchases related to taxes for share-based awards (8,407) (6,760) (7,790)
Tax credit investment liability payments (4,319) 0 0
Net cash used in financing activities (12,132) (118,400) (60,265)
Effect of exchange rate changes on cash and cash equivalents 1,430 2,367 (450)
Decrease in cash and cash equivalents (22,939) (5,315) (189,060)
Cash and cash equivalents at beginning of period 201,260 206,575 395,635
Cash and cash equivalents at end of period 178,321 201,260 206,575
Cash paid during the year for:      
Income taxes 55,164 50,759 111,632
Non-cash investing activities—Accrued capital expenditures 27,559 17,075 57,255
Non-cash investing activities-Accrued tax credit investment installments $ 62,120 $ 0 $ 0