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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jan. 28, 2023
Jan. 29, 2022
Jan. 30, 2021
Operating activities:      
Net income (loss) $ 125,136 $ 419,629 $ (209,274)
Adjustments to reconcile net income (loss) to net cash provided by operating activities      
Depreciation and amortization 212,499 171,151 165,580
Share-based compensation 38,986 38,153 32,778
Deferred income taxes 31,049 (12,850) (34,890)
Loss on impairment of assets [1],[2],[3] 20,633 11,944 [4] 249,163
Loss on exchange of convertible senior notes 60,341    
Changes in assets and liabilities:      
Merchandise inventory (38,364) (147,140) 42,156
Operating lease assets 345,798 296,652 226,376
Operating lease liabilities (361,142) (352,547) (238,810)
Other assets 70,131 (134,152) (107,317)
Accounts payable 2,019 (36,192) (30,909)
Accrued compensation and payroll taxes (90,114) (1,412) 95,116
Accrued and other liabilities (10,676) 50,435 12,529
Net cash provided by operating activities 406,296 303,671 202,498
Investing activities:      
Acquisitions of businesses, net of cash acquired   (358,151)  
Capital expenditures for property and equipment (260,378) (233,847) (127,975)
Purchase of available-for-sale investments   (75,000) (14,956)
Sale of available-for-sale investments   75,000 69,956
Other investing activities (997) (2,603) (970)
Net cash used for investing activities (261,375) (594,601) (73,945)
Financing activities:      
Accelerated share repurchase (200,000)    
Principal paid in connection with exchange of convertible senior notes due 2025 (136,419)    
Cash dividends paid (64,767) (113,945) (22,854)
Repurchase of common stock from employees (9,780) (24,018) (5,413)
Other financing activities 984 (299) (1,199)
Net proceeds from stock options exercised 2,089 13,065 3,265
Repurchase of common stock as part of publicly announced programs     (20,000)
Proceeds from revolving line of credit and convertible senior notes, net     406,108
Net cash (used for) provided by financing activities (407,893) (125,197) 359,907
Effect of exchange rates on cash (1,589) 420 87
Net change in cash and cash equivalents (264,561) (415,707) 488,547
Cash and cash equivalents - beginning of period 434,770 850,477 361,930
Cash and cash equivalents - end of period $ 170,209 $ 434,770 $ 850,477
[1] In Fiscal 2020, the Company recorded impairment charges of $249.2 million. Included in this amount are retail store impairment charges of $203.2 million, of which $154.8 million relates to operating lease ROU assets and $48.4 million relates to store property and equipment (fixtures and equipment and leasehold improvements). We also recorded $28.0 million related to the impairment of certain corporate property and equipment, as well as $18.0 million of certain cost and equity method investments.
[2] The Company recorded impairment charges of $11.9 million in Fiscal 2021, of which $4.1 million relates to operating lease store ROU assets and $5.2 million relates to store property and equipment (store fixtures and leasehold improvements), and $2.6 million of other assets.
[3] The Company recorded impairment charges of $20.6 million in Fiscal 2022, of which $13.1 million relates to operating lease store ROU assets and $4.0 million relates to store property and equipment (store fixtures and leasehold improvements), and $3.5 million of other assets.
[4] The difference between Operating income (loss) and Income (loss) before income taxes includes the following, which are not allocated to our reportable segments:
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For Fiscal 2022: interest expense, net of $14.3 million and other income, net of $10.5 million
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For Fiscal 2021: interest expense, net of $34.6 million and other income, net of $2.5 million
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For Fiscal 2020: interest expense, net of $24.6 million and other income, net of $3.7 million