XML 20 R7.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Nov. 01, 2025
Nov. 02, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 96,012 $ 58,495
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 108,241 96,082
Non-cash operating lease cost 78,050 72,211
Stock-based compensation expense 35,315 33,757
Asset impairments 5,883 20,535
Non-cash finance lease interest expense 28,883 23,223
Product recall 1,913  
Deferred income taxes   5,399
Share of equity method investments (income) loss-net (6,659) 8,728
Distribution of return on equity method investment 4,630  
Other non-cash items 4,631 6,529
Change in assets and liabilities:    
Accounts receivable 497 (7,917)
Merchandise inventories 155,251 (224,244)
Prepaid expense and other assets (21,507) 13,084
Landlord assets under construction-net of tenant allowances (64,691) (33,032)
Accounts payable and accrued expenses (30,070) 43,812
Deferred revenue and customer deposits 52,313 25,065
Other current liabilities 12,712 (9,974)
Current and non-current operating lease liabilities (78,837) (73,137)
Other non-current obligations (26,392) (22,747)
Net cash provided by operating activities 356,175 35,869
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (158,387) (179,897)
Acquisition of business (32,119)  
Equity method investments (374) (9,620)
Acquisition of intangible asset (3,171)  
Receipt of promissory note repayment from equity method investee 1,750  
Distribution of return of equity method investment 7,916  
Proceeds from insurance recoveries 2,325  
Net cash used in investing activities (182,060) (189,517)
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowings under asset based credit facility 290,000 190,000
Repayments under asset based credit facility (425,000)  
Repayments under term loans (18,750) (18,750)
Repayments under real estate loans (254) (44)
Repayments of convertible senior notes   (41,904)
Debt issuance costs (2,997)  
Principal payments under finance lease agreements-net of tenant allowances (7,789) (19,609)
Repurchases of common stock-inclusive of excise taxes paid   (11,988)
Proceeds from exercise of stock options 2,201 19,241
Tax withholdings related to issuance of stock-based awards (55) (188)
Net cash provided by (used in) financing activities (162,644) 116,758
Effects of foreign currency exchange rate translation on cash 1,202 214
Net increase (decrease) in cash and cash equivalents 12,673 (36,676)
Cash and cash equivalents    
Beginning of period 30,413 123,688
End of period 43,086 87,012
Non-cash transactions    
Property and equipment additions in accounts payable and accrued expenses at period-end 29,140 48,186
Landlord asset additions in accounts payable and accrued expenses at period-end $ 18,243 $ 9,792