Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jul. 29, 2017
Jul. 30, 2016
Cash flows from operating activities:    
Net income $ 107,770 $ 106,382
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 57,423 58,468
Share-based compensation 10,557 6,590
Debt issuance costs amortization 2,549 3,760
Accretion of long-term debt, net (252) (124)
Deferred income taxes (225) 619
Losses on early extinguishments of debt and refinancing costs   405
Losses on disposition of property and equipment   35
Excess tax benefits from share-based compensation   (7,271)
Changes in assets and liabilities, excluding acquired net assets:    
Merchandise inventories (67,218) (58,612)
Prepaid expenses and other (1) 639
Accounts receivable (1,096) 4,858
Other assets (700) (445)
Accounts payable (11,841) (20,171)
Accrued interest (7,691) (5,045)
Accrued liabilities and other (2,811) (35,091)
Income taxes (91,771) (78,816)
Other liabilities 1,272 (605)
Net cash used in operating activities (4,035) (24,424)
Cash flows from investing activities:    
Additions to property and equipment (43,120) (38,395)
Acquisition of Lamrite West, net of cash acquired   (151,100)
Net cash used in investing activities (43,120) (189,495)
Cash flows from financing activities:    
Common stock repurchased (191,164) (129,039)
Payments on term loan credit facility (12,450) (12,450)
Borrowings on asset-based revolving credit facility 139,100 42,000
Payments on asset-based revolving credit facility (58,100)  
Payment of debt issuance costs   (3,048)
Payments of dividends (408) (415)
Proceeds from stock options exercised 5,483 15,058
Excess tax benefits from share-based compensation   7,271
Net cash used in financing activities (117,539) (80,623)
Net change in cash and equivalents (164,694) (294,542)
Cash and equivalents at beginning of period 298,813 409,391
Cash and equivalents at end of period 134,119 114,849
Supplemental Cash Flow Information:    
Cash paid for interest 67,453 65,634
Cash paid for taxes $ 148,187 $ 138,394