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. 01, 2020
Feb. 02, 2019
Feb. 03, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net (loss) earnings $ (82,276) $ 83,240 $ 96,703
Adjustments to reconcile net (loss) earnings to net cash provided by operating activities:      
Depreciation and amortization 107,174 104,216 106,493
Non-cash lease expense 194,529    
Rental product amortization 34,289 35,058 38,021
Disposal Group, Including Discontinued Operation, Goodwill Impairment Loss   23,991  
Goodwill impairment charge     1,500
Loss (gain) on extinguishment of debt, net 77 30,253 (5,445)
Amortization of deferred financing costs and discount on long-term debt 1,878 3,422 7,066
Loss on divestiture of business 83,513 3,766  
Loss on release of cumulative foreign currency translation adjustment 26,885    
Loss on disposition of assets 2,628 4,821 1,237
Asset impairment charges 3,404 1,026 3,547
Share-based compensation 8,902 14,770 20,636
Deferred tax benefit (13,461) (8,009) (5,763)
Other 80 272 938
Changes in operating assets and liabilities:      
Accounts receivable 3,161 2,264 (9,440)
Inventories 26,243 (4,482) 114,652
Rental product (30,513) (16,217) (9,582)
Other assets (20,015) 9,385 (5,956)
Accounts payable, accrued expenses and other current liabilities (39,325) 43,706 (10,843)
Income taxes payable (11,750) 9,993 4,650
Operating lease and other liabilities (195,782) (18,803) 2,354
Net cash provided by operating activities 99,641 322,672 350,768
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (88,502) (82,286) (94,958)
Proceeds from divestiture of business, net 45,034 17,755  
Acquisition of business, net of cash     (457)
Proceeds from sales of property and equipment 311   5,480
Net cash used in investing activities (43,157) (64,531) (89,935)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Payments on original term loan   (993,420) (53,379)
Proceeds from new term loan   895,500  
Payments on new term loan (9,370) (9,000)  
Proceeds from asset-based revolving credit facility 1,333,000 655,500 276,300
Payments on asset-based revolving credit facility (1,331,500) (607,000) (276,300)
Repurchase and retirement of senior notes (54,425) (199,365) (145,371)
Deferred financing costs   (6,713) (2,580)
Cash dividends paid (28,071) (36,946) (35,761)
Proceeds from issuance of common stock 1,561 6,649 1,903
Tax payments related to vested deferred stock units (1,216) (7,901) (1,687)
Repurchases of common stock (10,000)    
Net cash used in financing activities (100,021) (302,696) (236,875)
Effect of exchange rate changes 2,526 (3,621) 8,760
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (41,011) (48,176) 32,718
Balance at beginning of period 55,431 103,607 70,889
Balance at end of period 14,420 55,431 103,607
Cash paid for:      
Interest 65,669 77,571 106,372
Income taxes, net 38,031 11,431 39,537
Unpaid capital expenditure purchases      
Unpaid capital expenditure purchases 2,800 11,700 $ 2,900
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES:      
Receivable related to sale of corporate apparel business $ 6,048 $ 38,387