XML 48 R5.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Oct. 31, 2015
Nov. 01, 2014
Cash flows from operating activities:    
Net income $ 16,381 $ 10,611
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation of property and equipment 7,210 5,183
Amortization of discount on debt and deferred financing fees 552 977
Amortization of definite lived intangible 1,354 1,354
Net increase in deferred rent 1,413 5,252
Deferred income taxes 1,725 (403)
Stock-based compensation 1,671 2,780
Change in operating assets and liabilities:    
Accounts receivable, net 32 (57)
Merchandise inventories (67,973) (69,268)
Prepaid expenses and other 1,656 (1,338)
Accounts payable 33,408 34,448
Accrued expenses (1,029) 303
Income taxes receivable and payable 7,456 (3,595)
Net cash provided by (used in) operating activities 3,856 (13,753)
Cash flows from investing activities:    
Purchase of property and equipment (29,820) (23,538)
Proceeds from sale-leaseback transactions 7,764  
Net cash used in investing activities (22,056) (23,538)
Cash flows from financing activities:    
Net borrowings on line of credit 7,777 33,842
Issuance of common stock, net   73,393
Increase in book overdraft 12,566 6,209
Excess tax benefits from stock-based compensation arrangements 283 287
Payment of withholdings on restricted stock units (1,036) (993)
Principal payments on long-term debt (1,200) (75,063)
Net cash provided by financing activities 18,390 37,675
Net change in cash and cash equivalents 190 384
Cash and cash equivalents at beginning of period 1,751 1,354
Cash and cash equivalents at end of period $ 1,941 $ 1,738