Financials

Investors

v3.19.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
May 04, 2019
Feb. 02, 2019
May 05, 2018
CURRENT ASSETS:      
Cash and cash equivalents $ 29,749 $ 55,431 $ 93,166
Accounts receivable, net 80,623 73,073 87,411
Inventories 874,412 830,426 843,671
Other current assets 49,904 70,712 69,937
Total current assets 1,034,688 1,029,642 1,094,185
PROPERTY AND EQUIPMENT, net 428,380 439,172 437,944
OPERATING LEASE RIGHT-OF-USE ASSETS 955,970    
RENTAL PRODUCT, net 103,895 99,770 128,744
GOODWILL 78,964 79,491 104,802
INTANGIBLE ASSETS, net 156,614 163,901 167,320
OTHER ASSETS 6,942 8,514 12,827
TOTAL ASSETS 2,765,453 1,820,490 1,945,822
CURRENT LIABILITIES:      
Accounts payable 218,492 228,979 192,878
Accrued expenses and other current liabilities 316,821 282,029 350,414
Current portion of operating lease liabilities 183,011    
Income taxes payable 15,923 15,968 1,740
Current portion of long-term debt 9,000 11,619 9,000
Total current liabilities 743,247 538,595 554,032
LONG-TERM DEBT, net 1,151,196 1,153,242 1,277,508
OPERATING LEASE LIABILITIES 804,895    
DEFERRED TAXES, net AND OTHER LIABILITIES 70,161 125,022 151,503
Total liabilities 2,769,499 1,816,859 1,983,043
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' (DEFICIT) EQUITY:      
Preferred stock
Common stock 504 501 496
Capital in excess of par 507,039 505,157 494,849
Accumulated deficit (470,411) (468,048) (510,441)
Accumulated other comprehensive loss (41,178) (33,979) (22,125)
Total shareholders' (deficit) equity (4,046) 3,631 (37,221)
TOTAL LIABILITIES AND SHAREHOLDERS? (DEFICIT) EQUITY $ 2,765,453 $ 1,820,490 $ 1,945,822

Source

v3.19.2
CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($)
$ in Thousands
3 Months Ended
May 04, 2019
May 05, 2018
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)    
Net earnings (loss) $ 7,142 $ 13,909
Currency translation adjustments (1,585) (14,143)
Unrealized (loss) gain on cash flow hedges, net of tax (5,614) 2,800
Comprehensive (loss) income $ (57) $ 2,566

Source

v3.19.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
May 04, 2019
May 05, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 7,142 $ 13,909
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 26,695 26,679
Operating lease right-of-use asset amortization 49,969  
Rental product amortization 8,348 8,756
Loss on extinguishment of debt, net   12,711
Amortization of deferred financing costs and discount on long-term debt 486 1,333
Loss on disposition of assets   3,618
Asset impairment charges 184 269
Share-based compensation 2,398 4,581
Deferred tax benefit 1,599 748
Other 85 73
Changes in operating assets and liabilities:    
Accounts receivable (7,504) (10,871)
Inventories (44,900) (11,886)
Rental product (12,831) (14,377)
Other assets (269) 8,124
Accounts payable, accrued expenses and other current liabilities 30,872 82,755
Income taxes payable (28) (4,301)
Other liabilities (50,452) (1,893)
Net cash provided by operating activities 11,794 120,228
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (21,691) (10,980)
Proceeds from divestiture of business   17,732
Net cash (used in) provided by investing activities (21,691) 6,752
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on original term loan   (993,420)
Proceeds from new term loan   895,500
Payments on new term loan (4,870) (2,250)
Proceeds from asset-based revolving credit facility 399,500 1,500
Payments on asset-based revolving credit facility (399,500) (1,500)
Repurchase and retirement of senior notes   (18,240)
Deferred financing costs   (5,576)
Cash dividends paid (9,590) (9,618)
Proceeds from issuance of common stock 427 3,649
Tax payments related to vested deferred stock units (940) (5,025)
Net cash used in financing activities (14,973) (134,980)
Effect of exchange rate changes (812) (2,441)
DECREASE IN CASH AND CASH EQUIVALENTS (25,682) (10,441)
Balance at beginning of period 55,431 103,607
Balance at end of period $ 29,749 $ 93,166

Source