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, unless otherwise specified
12 Months Ended
Jan. 28, 2012
Jan. 29, 2011
Jan. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net earnings including noncontrolling interest $ 120,466 $ 67,678 $ 46,215
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 75,968 75,998 86,090
Tuxedo rental product amortization 28,858 33,485 37,184
Asset impairment charges 2,042 5,854 19,473
Loss on disposition of assets 2,778 223 1,778
Gain on bargain purchase acquisition   (524)  
Deferred rent expense 1,084 3,001 2,305
Share-based compensation 13,798 11,892 10,168
Excess tax benefits from share-based plans (1,903) (1,107) (392)
Deferred tax provision (benefit) 29,428 8,735 (30,165)
Changes in operating assets and liabilities:      
Accounts receivable 3,615 (19,846) (167)
Inventories (86,726) 16,804 14,407
Tuxedo rental product (39,194) (19,234) (40,528)
Other assets 7,088 (7,473) 23,505
Accounts payable, accrued expenses and other current liabilities 5,351 19,155 (24,918)
Income taxes payable 683 (22,026) 20,990
Other liabilities (539) (2,668) (2,790)
Net cash provided by operating activities 162,797 169,947 163,155
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (91,820) (58,868) (56,912)
Acquisitions of businesses, net of cash   (97,786)  
Proceeds from sales of available-for-sale investments     19,410
Proceeds from sales of property and equipment 59 76 797
Net cash used in investing activities (91,761) (156,578) (36,705)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of common stock 8,354 3,900 4,106
Payments on revolving credit facility     (25,000)
Payments on Canadian term loan   (46,738)  
Cash dividends paid (25,098) (19,111) (14,722)
Deferred financing costs   (1,577)  
Tax payments related to vested deferred stock units (2,955) (2,748) (1,634)
Excess tax benefits from share-based plans 1,903 1,107 392
Purchase of treasury stock (63,988) (144) (90)
Net cash used in financing activities (81,784) (65,311) (36,948)
Effect of exchange rate changes (317) 2,295 9,104
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (11,065) (49,647) 98,606
Balance at beginning of period 136,371 186,018 87,412
Balance at end of period 125,306 136,371 186,018
Cash paid during the year for:      
Interest 1,047 1,144 1,108
Income taxes, net 23,127 59,261 4,337
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES:      
Additional capital in excess of par resulting from tax benefit (deficiency) related to share-based plans 1,883 882 (297)
Treasury stock contributed to employee stock plan   9  
Cash dividends declared $ 9,339 $ 6,396 $ 4,753