XML 14 R7.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Cash flows from operating activities:    
Net income $ 179,250 $ 156,909
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 56,552 47,471
Non-cash lease expense 103,146 101,277
Provision for deferred income taxes 9,208 526
Share-based compensation expense 15,556 15,556
Amortization of tax credit investment 8,760 7,953
Store impairment and lease abandonment charges 4,601 0
Loss on disposition of property and equipment, net 420 146
Changes in assets and liabilities:    
Receivables (11,606) (8,160)
Inventory (54,050) 3,299
Prepaid expenses and other assets (48,318) (48,256)
Payables, accrued expenses and other liabilities 16,858 54,573
Operating lease liabilities (116,563) (120,047)
Net cash provided by operating activities 163,814 211,247
Cash flows from investing activities:    
Cash paid for property and equipment (98,854) (78,517)
Cash paid for marketable securities (166,428) (229,446)
Sales and maturities of marketable securities 204,145 149,921
Initial cash payment for tax credit investment 0 (20,000)
Net cash used in investing activities (61,137) (178,042)
Cash flows from financing activities:    
Proceeds from the exercise of stock options 851 594
Share repurchases related to share repurchase program (52,262) 0
Share repurchases related to taxes for share-based awards (14,977) (8,184)
Tax credit investment liability payments (2,713) (1,724)
Net cash used in financing activities (69,101) (9,314)
Effect of exchange rate changes on cash and cash equivalents (2,768) (407)
Increase in cash and cash equivalents 30,808 23,484
Cash and cash equivalents at beginning of period 178,321 201,260
Cash and cash equivalents at end of period 209,129 224,744
Supplemental cash flow information:    
Cash paid during the year for income taxes 39,763 24,801
Non-cash investing activities—Accrued capital expenditures 17,641 16,011
Right-of-use assets obtained in exchange for operating lease liabilities 148,099 113,184
Non-cash investing activities-Accrued tax credit investment installments $ 0 $ 62,120