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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 30, 2024
Apr. 30, 2023
Cash flows from operating activities:    
Net income $ 61,765 $ 52,817
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 27,761 23,879
Non-cash lease expense 51,470 50,859
Provision for deferred income taxes 12,735 2,457
Share-based compensation expense 7,599 7,735
Amortization of tax credit investment 4,380 3,976
Store impairment and lease abandonment charges 4,601 0
Loss on disposition of property and equipment, net 135 222
Changes in assets and liabilities:    
Receivables (21,512) (35,030)
Inventory (29,818) (1,649)
Prepaid expenses and other assets (37,542) (35,045)
Payables, accrued expenses and other liabilities 36,663 22,257
Operating lease liabilities (59,686) (56,201)
Net cash provided by operating activities 58,551 36,277
Cash flows from investing activities:    
Cash paid for property and equipment (41,091) (32,904)
Cash paid for marketable securities (95,799) (74,101)
Sales and maturities of marketable securities 91,081 69,456
Initial cash payment for tax credit investment 0 (20,000)
Net cash used in investing activities (45,809) (57,549)
Cash flows from financing activities:    
Proceeds from the exercise of stock options 475 0
Share repurchases related to taxes for share-based awards (14,445) (7,850)
Tax credit investment liability payments (1,341) (468)
Net cash used in financing activities (15,311) (8,318)
Effect of exchange rate changes on cash and cash equivalents (1,757) (15)
Decrease in cash and cash equivalents (4,326) (29,605)
Cash and cash equivalents at beginning of period 178,321 201,260
Cash and cash equivalents at end of period 173,995 171,655
Supplemental cash flow information:    
Cash paid during the year for income taxes 2,983 1,115
Non-cash investing activities—Accrued capital expenditures 37,391 19,529
Right-of-use assets obtained in exchange for operating lease liabilities 60,868 19,698
Non-cash investing activities-Accrued tax credit investment installments $ 0 $ 62,120