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
6 Months Ended
Aug. 03, 2019
Aug. 04, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 41,408 $ 63,147
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 53,810 52,719
Non-cash lease expense 98,683  
Rental product amortization 19,047 19,755
Loss on extinguishment of debt, net   20,833
Amortization of deferred financing costs and discount on long-term debt 972 2,228
Loss on disposition of assets 2,946 7,768
Asset impairment charges 184 269
Share-based compensation 5,042 9,416
Deferred tax expense (benefit) 2,828 (2,240)
Other 134 247
Changes in operating assets and liabilities:    
Accounts receivable 5,952 10,461
Inventories (22,507) 42,186
Rental product (21,450) (12,102)
Other assets (15,621) (9,372)
Accounts payable, accrued expenses and other current liabilities (30,928) (3,497)
Income taxes payable (5,789) 697
Other liabilities (101,388) (4,524)
Net cash provided by operating activities 33,323 197,991
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (39,092) (24,645)
Proceeds from divestiture of business   17,755
Net cash provided by (used in) investing activities (39,092) (6,890)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on original term loan   (993,420)
Proceeds from new term loan   895,500
Payments on new term loan (7,120) (4,500)
Proceeds from asset-based revolving credit facility 673,500 199,500
Payments on asset-based revolving credit facility (677,000) (95,000)
Repurchase and retirement of senior notes   (199,365)
Deferred financing costs   (5,644)
Cash dividends paid (18,784) (18,744)
Proceeds from issuance of common stock 879 4,113
Tax payments related to vested deferred stock units (1,052) (6,501)
Net cash (used in) provided by financing activities (29,577) (224,061)
Effect of exchange rate changes (609) (2,432)
DECREASE IN CASH AND CASH EQUIVALENTS (35,955) (35,392)
Balance at beginning of period 55,431 103,607
Balance at end of period $ 19,476 $ 68,215