Financials

Investors

v3.10.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Aug. 04, 2018
Feb. 03, 2018
Jul. 29, 2017
CURRENT ASSETS:      
Cash and cash equivalents $ 68,215 $ 103,607 $ 112,741
Accounts receivable, net 65,099 79,783 71,900
Inventories 786,510 851,931 944,783
Other current assets 87,491 78,252 55,432
Total current assets 1,007,315 1,113,573 1,184,856
PROPERTY AND EQUIPMENT, net 427,107 460,674 459,530
RENTAL PRODUCT, net 111,345 123,730 139,397
GOODWILL 103,686 120,292 119,880
INTANGIBLE ASSETS, net 165,881 168,987 170,113
OTHER ASSETS 13,497 12,699 5,948
TOTAL ASSETS 1,828,831 1,999,955 2,079,724
CURRENT LIABILITIES:      
Accounts payable 145,981 145,106 140,156
Accrued expenses and other current liabilities 313,319 285,537 276,616
Income taxes payable 6,659 6,121 6,310
Current portion of long-term debt 9,000 7,000 8,750
Total current liabilities 474,959 443,764 431,832
LONG-TERM DEBT, net 1,207,377 1,389,808 1,532,255
DEFERRED TAXES, net AND OTHER LIABILITIES 146,484 164,191 162,313
Total liabilities 1,828,820 1,997,763 2,126,400
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY (DEFICIT):      
Preferred stock
Common stock 498 492 491
Capital in excess of par 498,670 491,648 478,174
Accumulated deficit (470,377) (479,166) (497,160)
Accumulated other comprehensive loss (28,780) (10,782) (28,181)
Total shareholders' equity (deficit) 11 2,192 (46,676)
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT) $ 1,828,831 $ 1,999,955 $ 2,079,724

Source

v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Aug. 04, 2018
Jul. 29, 2017
Aug. 04, 2018
Jul. 29, 2017
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)        
Net earnings $ 49,238 $ 58,471 $ 63,147 $ 60,310
Currency translation adjustments (7,824) 14,773 (21,967) 16,114
Unrealized gain (loss) on cash flow hedges, net of tax 1,169 (746) 3,969 (4,212)
Comprehensive income (loss) $ 42,583 $ 72,498 $ 45,149 $ 72,212

Source

v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Aug. 04, 2018
Jul. 29, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 63,147 $ 60,310
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 52,719 53,407
Rental product amortization 19,755 21,205
Loss (gain) on extinguishment of debt, net 20,833 (3,996)
Amortization of deferred financing costs and discount on long-term debt 2,228 3,661
Loss on disposition of assets 7,768 1,381
Asset impairment charges 269 2,867
Share-based compensation 9,416 8,095
Deferred tax benefit (2,240) (242)
Deferred rent expense and other 247 309
Changes in operating assets and liabilities:    
Accounts receivable 10,461 (4,832)
Inventories 42,186 15,701
Rental product (12,102) (8,521)
Other assets (9,372) 16,112
Accounts payable, accrued expenses and other current liabilities (3,497) (28,444)
Income taxes payable 697 4,964
Other liabilities (4,524) (1,448)
Net cash provided by operating activities 197,991 140,529
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (24,645) (33,973)
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 (6,890) (32,273)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on original term loan (993,420) (8,129)
Proceeds from new term loan 895,500  
Payments on new term loan (4,500)  
Proceeds from asset-based revolving credit facility 199,500 181,550
Payments on asset-based revolving credit facility (95,000) (181,550)
Repurchase and retirement of senior notes (199,365) (45,167)
Deferred financing costs (5,644)  
Cash dividends paid (18,744) (18,033)
Proceeds from issuance of common stock 4,113 927
Tax payments related to vested deferred stock units (6,501) (1,644)
Net cash (used in) provided by financing activities (224,061) (72,046)
Effect of exchange rate changes (2,432) 5,642
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (35,392) 41,852
Balance at beginning of period 103,607 70,889
Balance at end of period $ 68,215 $ 112,741

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