Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
May 02, 2020
May 04, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) earnings $ (269,888) $ 7,142
Adjustments to reconcile net (loss) earnings to net cash provided by operating activities:    
Depreciation and amortization 25,511 26,695
Non-cash lease expense 48,675 49,969
Rental product amortization 2,285 8,348
Goodwill and intangible asset impairment charges 167,966  
Asset impairment charges 26,319 184
Amortization of deferred financing costs 447 486
Gain on sale of trademarks, net (82,690)  
Gain on disposition of assets, net (10)  
Share-based compensation 1,967 2,398
Deferred tax expense 23,931 1,599
Other 50 85
Changes in operating assets and liabilities:    
Accounts receivable 20,692 (7,504)
Inventories (40,304) (44,900)
Rental product (9,759) (12,831)
Other assets (24,062) (269)
Accounts payable, accrued expenses and other current liabilities 17,494 30,872
Income taxes payable (3,416) (28)
Operating lease and other liabilities (26,572) (50,452)
Net cash (used in) provided by operating activities (121,364) 11,794
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (9,003) (21,691)
Proceeds from sale of trademarks 115,000  
Proceeds from divestiture of business, net 5,944  
Proceeds from sales of property and equipment 2,082  
Net cash provided by (used in) investing activities 114,023 (21,691)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on term loan (4,500) (4,870)
Proceeds from asset-based revolving credit facility 357,500 399,500
Payments on asset-based revolving credit facility (22,500) (399,500)
Cash dividends paid (112) (9,590)
Proceeds from issuance of common stock 162 427
Tax payments related to vested deferred stock units (65) (940)
Net cash provided by (used in) financing activities 330,485 (14,973)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 1,056 (812)
INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 324,200 (25,682)
Cash, cash equivalents and restricted cash at beginning of period 14,420 55,431
Cash, cash equivalents and restricted cash at end of period $ 338,620 $ 29,749