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
3 Months Ended
May 04, 2019
May 05, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 7,142 $ 13,909
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 26,695 26,679
Operating lease right-of-use asset amortization 49,969  
Rental product amortization 8,348 8,756
Loss on extinguishment of debt, net   12,711
Amortization of deferred financing costs and discount on long-term debt 486 1,333
Loss on disposition of assets   3,618
Asset impairment charges 184 269
Share-based compensation 2,398 4,581
Deferred tax benefit 1,599 748
Other 85 73
Changes in operating assets and liabilities:    
Accounts receivable (7,504) (10,871)
Inventories (44,900) (11,886)
Rental product (12,831) (14,377)
Other assets (269) 8,124
Accounts payable, accrued expenses and other current liabilities 30,872 82,755
Income taxes payable (28) (4,301)
Other liabilities (50,452) (1,893)
Net cash provided by operating activities 11,794 120,228
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (21,691) (10,980)
Proceeds from divestiture of business   17,732
Net cash (used in) provided by investing activities (21,691) 6,752
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on original term loan   (993,420)
Proceeds from new term loan   895,500
Payments on new term loan (4,870) (2,250)
Proceeds from asset-based revolving credit facility 399,500 1,500
Payments on asset-based revolving credit facility (399,500) (1,500)
Repurchase and retirement of senior notes   (18,240)
Deferred financing costs   (5,576)
Cash dividends paid (9,590) (9,618)
Proceeds from issuance of common stock 427 3,649
Tax payments related to vested deferred stock units (940) (5,025)
Net cash used in financing activities (14,973) (134,980)
Effect of exchange rate changes (812) (2,441)
DECREASE IN CASH AND CASH EQUIVALENTS (25,682) (10,441)
Balance at beginning of period 55,431 103,607
Balance at end of period $ 29,749 $ 93,166