Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Feb. 02, 2019
Feb. 03, 2018
Jan. 28, 2017
Cash flows from operating activities:      
Net income $ 319,545 $ 390,498 $ 378,159
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 124,271 118,912 115,801
Share-based compensation 27,082 24,264 16,506
Debt issuance costs amortization 4,997 5,098 6,583
Accretion of long-term debt, net (518) (505) (334)
Restructure charges 104,238    
Deferred income taxes 8,131 4,348 4,570
Losses on early extinguishments of debt and refinancing costs 1,835   7,292
Losses on disposition of property and equipment     120
Excess tax benefits from share-based compensation     (10,027)
Changes in assets and liabilities, excluding acquired net assets:      
Merchandise inventories (63,890) 5,281 (40,800)
Prepaid expenses and other 3,576 (7,785) (1,004)
Accounts receivable (14,100) (2,992) 8,948
Other assets (1,497) (1,765) (711)
Accounts payable (10,461) (38,025) 38,248
Accrued interest (691) (12,040) 7,015
Accrued liabilities and other (17,225) 3,174 (4,806)
Income taxes (44,532) 28,388 37,276
Other liabilities 3,495 6,759 1,581
Net cash provided by operating activities 444,256 523,610 564,417
Cash flows from investing activities:      
Additions to property and equipment (145,387) (127,830) (114,462)
Acquisition of Lamrite West, net of cash acquired     (151,100)
Purchases of long-term investments     (1,325)
Net cash used in investing activities (145,387) (127,830) (266,887)
Cash flows from financing activities:      
Common stock repurchased (456,585) (253,752) (404,971)
Payments on term loan credit facility (24,900) (31,125) (18,675)
Borrowings on asset-based revolving credit facility 355,400 382,200 42,000
Payments on asset-based revolving credit facility (355,400) (382,200) (42,000)
Payment of debt refinancing costs (1,117)    
Payment of debt issuance costs     (11,326)
Payment of dividends (317) (408) (415)
Proceeds from stock options exercised 4,041 16,588 17,252
Excess tax benefits from share-based compensation     10,027
Net cash used in financing activities (478,878) (268,697) (408,108)
Net change in cash and equivalents (180,009) 127,083 (110,578)
Cash and equivalents at beginning of period 425,896 298,813 409,391
Cash and equivalents at end of period $ 245,887 $ 425,896 $ 298,813