XML 15 R6.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Oct. 30, 2022
Oct. 31, 2021
Operating Activities:    
Net income $ 13,566 $ 15,691
Adjustments to reconcile net income to net cash (used in)/provided by operating activities:    
Depreciation and amortization 6,578 5,623
Deferred income tax expense 1,650 2,266
Noncash restricted stock and performance awards 1,323 367
Provision for doubtful accounts and sales allowances (3,831) 474
Gain on life insurance policies (744) (802)
Changes in assets and liabilities:    
Trade accounts receivable 3,069 9,230
Inventories (56,343) (7,705)
Income tax recoverable 2,357 (3,098)
Prepaid expenses and other assets (5,863) (4,074)
Trade accounts payable (1,522) (15,632)
Accrued salaries, wages, and benefits 936 (1,140)
Accrued income taxes 0 (501)
Customer deposits (1,277) 2,294
Operating lease liabilities (238) 120
Other accrued expenses (391) 2,104
Deferred compensation (419) (243)
Net cash (used in)/provided by operating activities (41,149) 4,974
Investing Activities:    
Acquisitions (25,912) 0
Purchases of property and equipment (3,469) (6,626)
Premiums paid on life insurance policies (464) (533)
Net cash used in investing activities (29,845) (7,159)
Financing Activities:    
Proceeds from long-term loans 25,000 0
Payments for long-term loans (350) 0
Proceeds from revolving credit facility 36,190 0
Payments for revolving credit facility (36,190) 0
Debt issuance cost (38) 0
Purchase and retirement of common stock (9,359) 0
Cash dividends paid (7,117) (6,437)
Cash provided by/(used in) financing activities 8,136 (6,437)
Net decrease in cash and cash equivalents (62,858) (8,622)
Cash and cash equivalents - beginning of year 69,366 65,841
Cash and cash equivalents - end of quarter 6,508 57,219
Supplemental disclosure of cash flow information:    
Cash paid/(refund) for income taxes (1) 5,858
Cash paid for interest, net 293 1
Non-cash transactions:    
Increase in lease liabilities arising from changes in right-of-use assets 7,402 23,736
Increase in property and equipment through accrued purchases $ 112 $ 17