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
Jan. 28, 2017
Jan. 30, 2016
Jan. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net earnings (loss) including non-controlling interest $ 24,956 $ (1,026,719) $ (95)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities      
Depreciation and amortization 115,205 132,329 112,659
Rental product amortization 42,171 34,592 34,424
Goodwill and intangible asset impairment charges   1,243,354  
(Gain) loss on extinguishment of debt, net (1,737) 12,675 2,158
Amortization of deferred financing costs and discount on long-term debt 7,503 7,915 5,885
Loss on disposition of assets 6,396 3,548 12,328
Asset impairment charges 19,358 27,480 302
Share-based compensation 17,436 14,839 16,513
Excess tax benefits from share-based plans (11) (1,584) (3,766)
Deferred tax benefit (23,988) (184,841) (13,107)
Deferred rent expense and other (1,725) 4,066 4,233
Changes in operating assets and liabilities:      
Accounts receivable (5,593) 8,165 (6,151)
Inventories 61,707 (94,889) (26,586)
Rental product (41,779) (65,866) (37,185)
Other assets 71,338 (8,815) (19,250)
Accounts payable, accrued expenses and other current liabilities (44,630) 22,953 3,831
Income taxes payable 849 289 6,135
Other liabilities (4,828) 2,206 2,436
Net cash provided by operating activities 242,628 131,697 94,764
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (99,694) (115,498) (96,420)
Acquisition of business, net of cash     (1,491,393)
Proceeds from sales of property and equipment 617 2,617 160
Net cash used in (provided by) investing activities (99,077) (112,881) (1,587,653)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from new term loan     1,089,000
Payments on term loan (42,451) (8,000) (2,750)
Proceeds from asset-based revolving credit facility 609,537 180,500 348,000
Payments on asset-based revolving credit facility (609,537) (180,500) (348,000)
Proceeds from issuance of senior notes     600,000
Repurchase and retirement of senior notes (21,924)    
Deferred financing costs   (3,566) (51,080)
Payments on previous term loan     (97,500)
Cash dividends paid (35,240) (34,980) (34,785)
Purchase of non-controlling interest     (6,651)
Proceeds from issuance of common stock 2,189 2,974 8,082
Tax payments related to vested deferred stock units (1,362) (4,538) (6,940)
Excess tax benefits from share-based plans 11 1,584 3,766
Repurchases of common stock   (277) (251)
Net cash (used in) provided by financing activities (98,777) (46,803) 1,500,891
Effect of exchange rate changes (3,865) (4,294) (4,993)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 40,909 (32,281) 3,009
Balance at beginning of period 29,980 62,261 59,252
Balance at end of period 70,889 29,980 62,261
Cash paid (refunded) for:      
Interest 96,408 96,994 44,765
Income taxes, net (39,682) 21,857 33,815
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES:      
Increase in capital in excess of par due to purchase of non-controlling interest     7,249
Cash dividends declared 9,842 9,150 8,987
Unpaid capital expenditure purchases      
Unpaid capital expenditure purchases $ 12,200 $ 12,800 $ 15,000