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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 173,975 $ 217,217 $ 192,459
Adjustments to reconcile net income to net cash provided by operating activities      
Stock-based compensation 24,148 24,396 22,278
Depreciation and amortization 15,501 20,576 15,208
Loss on disposal of fixed assets 204 11 526
Impairment of intangibles 6,520 0 2,620
Impairment of lease right-of-use asset and fixed assets 0 0 1,432
Deferred taxes 6,105 3,601 1,280
Accrued interest on note receivable – related party 8 16 23
Note receivable - related party 409 409 409
Change in valuation of contingent liability 0 (5,807) 11,862
Gain on sale of trademark 0 0 (8,000)
Other operating activities (23) (2,716) 0
Recovery of receivables, related to the Payless ShoeSource bankruptcy 0 0 919
Changes, net of acquisitions, in:      
Accounts receivable (1,308) (9,683) (583)
Factor accounts receivable (18,647) 116,141 (112,311)
Inventories 25,303 29,071 (153,793)
Prepaid expenses, income tax receivables, prepaid taxes, and other assets (1,060) (4,205) (1,899)
Accounts payable and accrued expenses 7,052 (108,788) 185,741
Accrued incentive compensation 280 (3,083) 10,998
Leases and other liabilities (8,061) (8,902) (7,822)
Payment of contingent consideration (1,153) (339) 0
Net cash provided by operating activities 229,237 267,883 159,463
Cash flows from investing activities:      
Capital expenditures (19,470) (16,351) (6,608)
Purchases of short-term investments (25,688) (45,130) (68,471)
Maturity/sale of short-term investments 25,872 73,998 63,867
Acquisition of Almost Famous (75,271) 0 0
Purchase/sale of a trademark 0 (2,000) 8,000
Other investing activities (5,335) (5,000) 0
Net cash (used in)/provided by investing activities (99,892) 5,517 (3,212)
Cash flows from financing activities:      
Proceeds from exercise of stock options 1,205 602 9,732
Investment of noncontrolling interest 4,486 2,500 0
Acquisition of incremental ownership of joint ventures 0 0 (18,942)
Distributions to noncontrolling interest earnings 1,102 294 3,121
Sale of minority interest of a subsidiary 0 1,017 0
Common stock repurchased and net settlements of stock awards (142,348) (148,878) (123,161)
Cash dividends paid on common stock (63,177) (66,005) (49,161)
Payment of contingent consideration 0 (4,770) 0
Net cash used in financing activities (200,936) (215,828) (184,653)
Effect of exchange rate changes on cash and cash equivalents 1,518 (2,358) 37
Net (decrease)/increase in cash and cash equivalents (70,073) 55,214 (28,365)
Cash and cash equivalents – beginning of year 274,713 219,499 247,864
Cash and cash equivalents – end of year 204,640 274,713 219,499
Cash paid during the year for:      
Interest 0 0 0
Income taxes $ 45,525 $ 65,395 $ 46,808