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v2.4.0.8

Condensed Consolidated and Combined Statements of Cash Flows (USD $) In Thousands, unless otherwise specified | 3 Months Ended
--- | ---
May 02, 2014 | May 03, 2013
CASH FLOWS FROM OPERATING ACTIVITIES |  |
Net income | $ 10,868 | $ 7,336
Adjustments to reconcile net income to net cash provided by operating activities: |  |
Depreciation and amortization | 5,002 | 5,652
Amortization of debt issuance costs | 155 | 0
Loss on disposal of property and equipment | 20 | 0
Deferred income taxes | 2,774 | (204)
Change in operating assets and liabilities: |  |
Inventories | 44,135 | 31,972
Accounts payable | (39,543) | (36,617)
Other operating assets | (7,344) | (3,102)
Other operating liabilities | 15,310 | 14,438
Net cash provided by operating activities | 31,377 | 19,475
CASH FLOWS FROM INVESTING ACTIVITIES |  |
Purchases of property and equipment | (1,548) | (818)
Net cash used in investing activities | (1,548) | (818)
CASH FLOWS FROM FINANCING ACTIVITIES |  |
Contributions from / (distributions to) parent company, net | 8,784 | (24,868)
Proceeds from issuance of long-term debt | 515,000 | 0
Debt issuance costs | (11,311) | 0
Dividend paid to a subsidiary of Sears Holdings Corporation | (500,000) | 0
Net cash provided by (used in) financing activities | 12,473 | (24,868)
Effects of exchange rate changes on cash | 263 | (291)
NET INCREASE (DECREASE) IN CASH | 42,565 | (6,502)
CASH, BEGINNING OF PERIOD | 22,411 | 28,257
CASH, END OF PERIOD | 64,976 | 21,755
SUPPLEMENTAL INFORMATION: |  |
Unpaid liability to acquire property and equipment | 391 | 1,196
Income taxes paid | $ 2,079 | $ 1,325

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