Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Apr. 29, 2017
Apr. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 1,839 $ 1,637
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 26,426 30,306
Rental product amortization 7,878 8,304
Gain on extinguishment of debt, net (715)  
Amortization of deferred financing costs and discount on long-term debt 1,849 1,916
Loss on disposition of assets 1,437 9
Asset impairment charges 2,867 1,162
Share-based compensation 4,735 4,118
Deferred tax (benefit) expense (269) 3,539
Deferred rent expense and other 210 296
Changes in operating assets and liabilities:    
Accounts receivable (17,432) (18,955)
Inventories (27,831) (44,916)
Rental product (4,833) (23,129)
Other assets 3,888 65,973
Accounts payable, accrued expenses and other current liabilities 32,943 17,246
Income taxes payable 1,529  
Other liabilities (1,170) (1,071)
Net cash provided by operating activities 33,351 46,435
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (17,786) (30,325)
Acquisition of business, net of cash (457)  
Proceeds from sales of property and equipment 12 501
Net cash used in investing activities (18,231) (29,824)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on term loan (1,750) (1,750)
Proceeds from asset-based revolving credit facility 137,650 204,014
Payments on asset-based revolving credit facility (137,650) (204,014)
Repurchase and retirement of senior notes (6,601)  
Cash dividends paid (9,131) (8,921)
Proceeds from issuance of common stock 467 434
Tax payments related to vested deferred stock units (1,632) (1,247)
Net cash used in financing activities (18,647) (11,484)
Effect of exchange rate changes (782) 1,322
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (4,309) 6,449
Balance at beginning of period 70,889 29,980
Balance at end of period $ 66,580 $ 36,429