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 ($)
9 Months Ended
Nov. 02, 2019
Nov. 03, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) earnings $ (48,182,000) $ 77,022,000
Adjustments to reconcile net (loss) earnings to net cash provided by operating activities:    
Depreciation and amortization 79,394,000 78,088,000
Non-cash lease expense 147,602,000  
Rental product amortization 29,739,000 30,720,000
Goodwill impairment charge   23,991,000
Loss on extinguishment of debt, net 77,000 30,253,000
Amortization of deferred financing costs and discount on long-term debt 1,431,000 2,936,000
Loss on divestiture of business 82,808,000 3,766,000
Loss on release of cumulative foreign currency translation adjustment 26,885,000  
Loss on disposition of assets 1,942,000 4,833,000
Asset impairment charges 1,185,000 504,000
Share-based compensation 7,853,000 11,555,000
Deferred tax benefit (1,540,000) (2,956,000)
Other 67,000 395,000
Changes in operating assets and liabilities:    
Accounts receivable 1,078,000 (5,661,000)
Inventories (55,116,000) (49,739,000)
Rental product (25,798,000) (14,665,000)
Other assets (16,804,000) 10,560,000
Accounts payable, accrued expenses and other current liabilities (13,076,000) 70,924,000
Income taxes payable (5,239,000) 10,313,000
Other liabilities (148,744,000) (5,022,000)
Net cash provided by operating activities 65,562,000 277,817,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (63,408,000) (46,927,000)
Proceeds from divestiture of business, net 45,034,000 17,755,000
Net cash used in investing activities (18,374,000) (29,172,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on original term loan   (993,420,000)
Proceeds from new term loan   895,500,000
Payments on new term loan (9,370,000) (6,750,000)
Proceeds from asset-based revolving credit facility 1,065,000,000 465,500,000
Payments on asset-based revolving credit facility (1,046,000,000) (407,000,000)
Repurchase and retirement of senior notes (54,425,000) (199,365,000)
Deferred financing costs   (6,713,000)
Cash dividends paid (27,938,000) (27,833,000)
Proceeds from issuance of common stock 1,220,000 6,149,000
Tax payments related to vested deferred stock units (1,118,000) (7,510,000)
Repurchases of common stock (10,000,000)  
Net cash used in financing activities (82,631,000) (281,442,000)
Effect of exchange rate changes 1,205,000 (2,385,000)
DECREASE IN CASH AND CASH EQUIVALENTS (34,238,000) (35,182,000)
Balance at beginning of period 55,431,000 103,607,000
Balance at end of period $ 21,193,000 $ 68,425,000