Financials

Investors

v3.8.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Oct. 28, 2017
Jan. 28, 2017
Oct. 29, 2016
CURRENT ASSETS:      
Cash and cash equivalents $ 126,244 $ 70,889 $ 34,948
Accounts receivable, net 81,193 65,714 71,898
Inventories 973,001 955,512 1,047,915
Other current assets 53,566 73,602 60,190
Total current assets 1,234,004 1,165,717 1,214,951
PROPERTY AND EQUIPMENT, net 454,921 484,165 501,391
RENTAL PRODUCT, net 125,320 152,610 160,101
GOODWILL 119,125 117,026 116,026
INTANGIBLE ASSETS, net 169,072 171,659 172,337
OTHER ASSETS 8,859 6,695 10,323
TOTAL ASSETS 2,111,301 2,097,872 2,175,129
CURRENT LIABILITIES:      
Accounts payable 186,862 177,380 200,199
Accrued expenses and other current liabilities 281,533 267,899 280,658
Income taxes payable 21,224 1,262 917
Current portion of long-term debt 8,750 13,379 7,000
Total current liabilities 498,369 459,920 488,774
LONG-TERM DEBT, net 1,467,735 1,582,150 1,588,873
DEFERRED TAXES, net AND OTHER LIABILITIES 160,197 163,420 175,179
Total liabilities 2,126,301 2,205,490 2,252,826
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' DEFICIT:      
Preferred stock
Common stock 492 487 487
Capital in excess of par 485,299 470,801 466,817
Accumulated deficit (469,463) (538,823) (499,663)
Accumulated other comprehensive loss (31,328) (40,083) (45,338)
Total shareholders' deficit (15,000) (107,618) (77,697)
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT $ 2,111,301 $ 2,097,872 $ 2,175,129

Source

v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Oct. 28, 2017
Oct. 29, 2016
Oct. 28, 2017
Oct. 29, 2016
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME        
Net earnings $ 36,892 $ 28,433 $ 97,202 $ 55,045
Currency translation adjustments (5,257) (15,075) 10,857 (18,246)
Unrealized gain (loss) on cash flow hedges, net of tax 2,110 948 (2,102) 1,394
Comprehensive income $ 33,745 $ 14,306 $ 105,957 $ 38,193

Source

v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Oct. 28, 2017
Oct. 29, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 97,202 $ 55,045
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 78,929 87,838
Rental product amortization 32,779 35,982
Gain on extinguishment of debt, net (6,535) (1,737)
Amortization of deferred financing costs and discount on long-term debt 5,391 5,650
Loss on disposition of assets 1,407 616
Asset impairment charges 2,867 4,293
Share-based compensation 14,850 13,958
Deferred tax benefit (243) (13,233)
Deferred rent expense and other 422 (1,281)
Changes in operating assets and liabilities:    
Accounts receivable (13,192) (13,273)
Inventories (13,569) (32,833)
Rental product (6,554) (37,817)
Other assets 16,632 84,844
Accounts payable, accrued expenses and other current liabilities 24,394 (4,314)
Income taxes payable 19,870 (2,065)
Other liabilities (2,112) (4,789)
Net cash provided by operating activities 252,538 176,884
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (55,956) (80,550)
Acquisition of business, net of cash (457)  
Proceeds from sales of property and equipment 2,157 605
Net cash used in investing activities (54,256) (79,945)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on term loan (9,879) (40,701)
Proceeds from asset-based revolving credit facility 235,900 520,550
Payments on asset-based revolving credit facility (235,900) (520,550)
Repurchase and retirement of senior notes (106,731) (21,924)
Deferred financing costs (2,464)  
Cash dividends paid (26,895) (26,438)
Proceeds from issuance of common stock 1,334 1,451
Tax payments related to vested deferred stock units (1,682) (1,258)
Net cash used in financing activities (146,317) (88,870)
Effect of exchange rate changes 3,390 (3,101)
INCREASE IN CASH AND CASH EQUIVALENTS 55,355 4,968
Balance at beginning of period 70,889 29,980
Balance at end of period $ 126,244 $ 34,948

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