Financials

Investors

v3.10.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Nov. 03, 2018
Feb. 03, 2018
Oct. 28, 2017
CURRENT ASSETS:      
Cash and cash equivalents $ 68,425 $ 103,607 $ 126,244
Accounts receivable, net 80,696 79,783 81,193
Inventories 875,003 851,931 973,001
Other current assets 70,433 78,252 53,566
Total current assets 1,094,557 1,113,573 1,234,004
PROPERTY AND EQUIPMENT, net 430,878 460,674 454,921
RENTAL PRODUCT, net 102,540 123,730 125,320
GOODWILL 79,475 120,292 119,125
INTANGIBLE ASSETS, net 164,833 168,987 169,072
OTHER ASSETS 17,257 12,699 8,859
TOTAL ASSETS 1,889,540 1,999,955 2,111,301
CURRENT LIABILITIES:      
Accounts payable 235,958 145,106 186,862
Accrued expenses and other current liabilities 302,322 285,537 281,533
Income taxes payable 16,277 6,121 21,224
Current portion of long-term debt 9,000 7,000 8,750
Total current liabilities 563,557 443,764 498,369
LONG-TERM DEBT, net 1,167,906 1,389,808 1,467,735
DEFERRED TAXES, net AND OTHER LIABILITIES 148,590 164,191 160,197
Total liabilities 1,880,053 1,997,763 2,126,301
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY (DEFICIT):      
Preferred stock
Common stock 501 492 492
Capital in excess of par 501,835 491,648 485,299
Accumulated deficit (464,993) (479,166) (469,463)
Accumulated other comprehensive loss (27,856) (10,782) (31,328)
Total shareholders' equity (deficit) 9,487 2,192 (15,000)
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT) $ 1,889,540 $ 1,999,955 $ 2,111,301

Source

v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Nov. 03, 2018
Oct. 28, 2017
Nov. 03, 2018
Oct. 28, 2017
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)        
Net earnings $ 13,875 $ 36,892 $ 77,022 $ 97,202
Currency translation adjustments (4,056) (5,257) (26,023) 10,857
Unrealized gain (loss) on cash flow hedges, net of tax 4,980 2,110 8,949 (2,102)
Comprehensive income $ 14,799 $ 33,745 $ 59,948 $ 105,957

Source

v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Nov. 03, 2018
Oct. 28, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 77,022 $ 97,202
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 78,088 78,929
Rental product amortization 30,720 32,779
Goodwill impairment charges 23,991  
Loss (gain) on extinguishment of debt, net 30,253 (6,535)
Amortization of deferred financing costs and discount on long-term debt 2,936 5,391
Loss on disposition of assets 8,599 1,407
Asset impairment charges 504 2,867
Share-based compensation 11,555 14,850
Deferred tax benefit (2,956) (243)
Deferred rent expense and other 395 422
Changes in operating assets and liabilities:    
Accounts receivable (5,661) (13,192)
Inventories (49,739) (13,569)
Rental product (14,665) (6,554)
Other assets 10,560 16,632
Accounts payable, accrued expenses and other current liabilities 70,924 24,394
Income taxes payable 10,313 19,870
Other liabilities (5,022) (2,112)
Net cash provided by operating activities 277,817 252,538
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (46,927) (55,956)
Proceeds from divestiture of business 17,755  
Acquisition of business, net of cash   (457)
Proceeds from sales of property and equipment   2,157
Net cash provided by (used in) investing activities (29,172) (54,256)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on original term loan (993,420) (9,879)
Proceeds from new term loan 895,500  
Payments on new term loan (6,750)  
Proceeds from asset-based revolving credit facility 465,500 235,900
Payments on asset-based revolving credit facility (407,000) (235,900)
Repurchase and retirement of senior notes (199,365) (106,731)
Deferred financing costs (6,713) (2,464)
Cash dividends paid (27,833) (26,895)
Proceeds from issuance of common stock 6,149 1,334
Tax payments related to vested deferred stock units (7,510) (1,682)
Net cash (used in) provided by financing activities (281,442) (146,317)
Effect of exchange rate changes (2,385) 3,390
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (35,182) 55,355
Balance at beginning of period 103,607 70,889
Balance at end of period $ 68,425 $ 126,244

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