XML 49 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Jan. 31, 2015
Feb. 01, 2014
Feb. 02, 2013
Cash flows from operating activities:      
Net income $ 13,784us-gaap_NetIncomeLoss $ 21,750us-gaap_NetIncomeLoss $ 28,074us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation of property and equipment 7,344us-gaap_Depreciation 4,749us-gaap_Depreciation 3,431us-gaap_Depreciation
Amortization of discount on debt and deferred financing fees 6,497us-gaap_AmortizationOfFinancingCostsAndDiscounts 6,952us-gaap_AmortizationOfFinancingCostsAndDiscounts 1,810us-gaap_AmortizationOfFinancingCostsAndDiscounts
Amortization of definite lived intangible 1,806us-gaap_AmortizationOfIntangibleAssets 1,528us-gaap_AmortizationOfIntangibleAssets  
Net increase in deferred rent credit 5,397us-gaap_StraightLineRent 432us-gaap_StraightLineRent 2,170us-gaap_StraightLineRent
Gain on asset dispositions   (112)us-gaap_GainLossOnDispositionOfAssets1  
Deferred income taxes (46)us-gaap_DeferredIncomeTaxExpenseBenefit 2,169us-gaap_DeferredIncomeTaxExpenseBenefit 1,292us-gaap_DeferredIncomeTaxExpenseBenefit
Stock-based compensation 3,293us-gaap_ShareBasedCompensation 365us-gaap_ShareBasedCompensation  
Change in operating assets and liabilities, net of acquisition:      
Accounts receivable, net (12)us-gaap_IncreaseDecreaseInAccountsReceivable 1,052us-gaap_IncreaseDecreaseInAccountsReceivable 53us-gaap_IncreaseDecreaseInAccountsReceivable
Merchandise inventories (24,575)us-gaap_IncreaseDecreaseInRetailRelatedInventories (28,344)us-gaap_IncreaseDecreaseInRetailRelatedInventories 6,948us-gaap_IncreaseDecreaseInRetailRelatedInventories
Prepaid expenses and other 86us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (1,522)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (1,976)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Other long-term assets (107)us-gaap_IncreaseDecreaseInOtherNoncurrentAssets 49us-gaap_IncreaseDecreaseInOtherNoncurrentAssets  
Accounts payable 836us-gaap_IncreaseDecreaseInAccountsPayable 1,333us-gaap_IncreaseDecreaseInAccountsPayable 7,346us-gaap_IncreaseDecreaseInAccountsPayable
Accrued expenses 8,127us-gaap_IncreaseDecreaseInAccruedLiabilities 2,049us-gaap_IncreaseDecreaseInAccruedLiabilities 3,841us-gaap_IncreaseDecreaseInAccruedLiabilities
Income taxes receivable (1,957)us-gaap_IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable (12,416)us-gaap_IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable 8,910us-gaap_IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
Net cash provided by operating activities 20,473us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 34us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 61,899us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flows from investing activities:      
Purchase of property and equipment (30,167)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (20,416)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (6,856)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Purchase of business   (47,767)us-gaap_PaymentsToAcquireBusinessesGross  
Proceeds from sale of fixed assets   124us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 45,199us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Net cash (used in) provided by investing activities (30,167)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (68,059)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations 38,343us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows from financing activities:      
Net borrowings on line of credit 12,847us-gaap_ProceedsFromRepaymentsOfLinesOfCredit 29,052us-gaap_ProceedsFromRepaymentsOfLinesOfCredit (26,426)us-gaap_ProceedsFromRepaymentsOfLinesOfCredit
Borrowings on term loan 160,000us-gaap_ProceedsFromIssuanceOfLongTermDebt 235,000us-gaap_ProceedsFromIssuanceOfLongTermDebt 122,250us-gaap_ProceedsFromIssuanceOfLongTermDebt
Issuance of common stock, net 73,393spwh_ProceedsFromPaymentOfIssuanceOfCommonStock (302)spwh_ProceedsFromPaymentOfIssuanceOfCommonStock  
Dividends paid   (101,065)us-gaap_PaymentsOfDividends (120,250)us-gaap_PaymentsOfDividends
Increase in book overdraft 2,609us-gaap_IncreaseDecreaseInBookOverdrafts 5,696us-gaap_IncreaseDecreaseInBookOverdrafts (3,940)us-gaap_IncreaseDecreaseInBookOverdrafts
Excess tax benefits from stock-based compensation arrangements 287us-gaap_ProceedsAndExcessTaxBenefitFromSharebasedCompensation    
Payment of withholdings on restricted stock units (993)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation    
Payment of deferred financing costs (2,227)us-gaap_PaymentsOfFinancingCosts (3,960)us-gaap_PaymentsOfFinancingCosts (3,766)us-gaap_PaymentsOfFinancingCosts
Principal payments on unsecured note payable   (2,756)us-gaap_RepaymentsOfUnsecuredDebt  
Principal payments on long-term debt (234,225)us-gaap_RepaymentsOfLongTermDebt (125,863)us-gaap_RepaymentsOfLongTermDebt (31,838)us-gaap_RepaymentsOfLongTermDebt
Discount on term loan (1,600)spwh_DiscountOnTermLoan (2,938)spwh_DiscountOnTermLoan  
Net cash provided by (used in) financing activities 10,091us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 32,864us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (63,970)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net change in cash and cash equivalents 397us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (35,161)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 36,272us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of year 1,354us-gaap_CashAndCashEquivalentsAtCarryingValue 36,515us-gaap_CashAndCashEquivalentsAtCarryingValue 243us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of year 1,751us-gaap_CashAndCashEquivalentsAtCarryingValue 1,354us-gaap_CashAndCashEquivalentsAtCarryingValue 36,515us-gaap_CashAndCashEquivalentsAtCarryingValue
Net cash paid during the year for:      
Interest 16,408us-gaap_InterestPaid 18,979us-gaap_InterestPaid 3,993us-gaap_InterestPaid
Income taxes $ 10,328us-gaap_IncomeTaxesPaid $ 23,089us-gaap_IncomeTaxesPaid $ 8,878us-gaap_IncomeTaxesPaid