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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2023
Cash flows from operating activities:      
Net income $ 402,462 $ 287,674 $ 159,699
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 115,425 102,487 102,339
Non-cash lease expense 214,605 202,265 193,863
(Benefit) provision for deferred income taxes (2,966) 24,711 (2,577)
Share-based compensation expense 31,039 30,508 29,449
Amortization of tax credit investment 17,224 15,906 0
Store impairment and lease abandonment charges 4,601 11,875 6,417
Asset impairment 0 6,404 0
Loss on disposition of property and equipment, net 1,641 309 982
Changes in assets and liabilities:      
Receivables (7,319) 3,708 (7,103)
Inventory (72,945) 38,785 (22,286)
Prepaid expenses and other assets (17,471) (53,532) (31,257)
Payables, accrued expenses and other liabilities 59,690 74,185 (49,593)
Operating lease liabilities (243,152) (235,874) (237,204)
Net cash provided by operating activities 502,834 509,411 142,729
Cash flows from investing activities:      
Cash paid for property and equipment (182,581) (199,625) (199,513)
Cash paid for marketable securities (542,944) (649,389) (109,148)
Sales and maturities of marketable securities 416,756 347,366 276,650
Initial cash payment for tax credit investment 0 (20,000) 0
Net cash used in investing activities (308,769) (521,648) (32,011)
Cash flows from financing activities:      
Proceeds from the exercise of share-based awards 851 594 376
Share repurchases related to share repurchase program (52,262) 0 (112,016)
Share repurchases related to taxes for share-based awards (15,402) (8,407) (6,760)
Tax credit investment liability payments (10,301) (4,319) 0
Net cash used in financing activities (77,114) (12,132) (118,400)
Effect of exchange rate changes on cash and cash equivalents (4,791) 1,430 2,367
Decrease in cash and cash equivalents 112,160 (22,939) (5,315)
Cash and cash equivalents at beginning of period 178,321 201,260 206,575
Cash and cash equivalents at end of period 290,481 178,321 201,260
Cash paid during the year for:      
Income taxes 104,319 55,164 50,759
Non-cash investing activities—Accrued capital expenditures 18,755 27,559 17,075
Non-cash investing activities-Accrued tax credit investment installments $ 0 $ 62,120 $ 0