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 earnings $ 83,240 $ 96,703 $ 24,956
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 104,216 106,493 115,205
Rental product amortization 35,058 38,021 42,171
Goodwill impairment charge 23,991 1,500  
Loss (gain) on extinguishment of debt, net 30,253 (5,445) (1,737)
Amortization of deferred financing costs and discount on long-term debt 3,422 7,066 7,503
Loss on disposition of assets 8,587 1,237 6,396
Asset impairment charges 1,026 3,547 19,358
Share-based compensation 14,770 20,636 17,436
Excess tax benefits from share-based plans     (11)
Deferred tax benefit (8,009) (5,763) (23,988)
Deferred rent expense and other 272 938 (1,725)
Changes in operating assets and liabilities:      
Accounts receivable 2,264 (9,440) (5,593)
Inventories (4,482) 114,652 61,707
Rental product (16,217) (9,582) (41,779)
Other assets 9,385 (5,956) 71,338
Accounts payable, accrued expenses and other current liabilities 43,706 (10,843) (44,630)
Income taxes payable 9,993 4,650 849
Other liabilities (18,803) 2,354 (4,828)
Net cash provided by operating activities 322,672 350,768 242,628
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (82,286) (94,958) (99,694)
Proceeds from divestiture of business 17,755    
Acquisition of business, net of cash   (457)  
Proceeds from sales of property and equipment   5,480 617
Net cash used in investing activities (64,531) (89,935) (99,077)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Payments on original term loan (993,420) (53,379) (42,451)
Proceeds from new term loan 895,500    
Payments on new term loan (9,000)    
Proceeds from asset-based revolving credit facility 655,500 276,300 609,537
Payments on asset-based revolving credit facility (607,000) (276,300) (609,537)
Repurchase and retirement of senior notes (199,365) (145,371) (21,924)
Deferred financing costs (6,713) (2,580)  
Cash dividends paid (36,946) (35,761) (35,240)
Proceeds from issuance of common stock 6,649 1,903 2,189
Tax payments related to vested deferred stock units (7,901) (1,687) (1,362)
Excess tax benefits from share-based plans     11
Net cash used in financing activities (302,696) (236,875) (98,777)
Effect of exchange rate changes (3,621) 8,760 (3,865)
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (48,176) 32,718 40,909
Balance at beginning of period 103,607 70,889 29,980
Balance at end of period 55,431 103,607 70,889
Cash paid (refunded) for:      
Interest 77,571 106,372 96,408
Income taxes, net 11,431 39,537 (39,682)
Unpaid capital expenditure purchases      
Unpaid capital expenditure purchases $ 11,700 $ 2,900 $ 12,200