Financials

Investors

v3.19.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Aug. 03, 2019
Feb. 02, 2019
Aug. 04, 2018
CURRENT ASSETS:      
Cash and cash equivalents $ 19,476 $ 55,431 $ 68,215
Accounts receivable, net 65,176 73,073 65,099
Inventories 846,952 830,426 786,510
Other current assets 63,882 70,712 87,491
Total current assets 995,486 1,029,642 1,007,315
PROPERTY AND EQUIPMENT, net 421,188 439,172 427,107
OPERATING LEASE RIGHT-OF-USE ASSETS 918,541    
RENTAL PRODUCT, net 99,085 99,770 111,345
GOODWILL 79,283 79,491 103,686
INTANGIBLE ASSETS, net 155,309 163,901 165,881
OTHER ASSETS 5,806 8,514 13,497
TOTAL ASSETS 2,674,698 1,820,490 1,828,831
CURRENT LIABILITIES:      
Accounts payable 187,946 228,979 145,981
Accrued expenses and other current liabilities 289,810 282,029 313,319
Current portion of operating lease liabilities 185,800    
Income taxes payable 10,102 15,968 6,659
Current portion of long-term debt 9,000 11,619 9,000
Total current liabilities 682,658 538,595 474,959
LONG-TERM DEBT, net 1,145,651 1,153,242 1,207,377
OPERATING LEASE LIABILITIES 763,865    
DEFERRED TAXES, net AND OTHER LIABILITIES 77,961 125,022 146,484
Total liabilities 2,670,135 1,816,859 1,828,820
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY:      
Preferred stock
Common stock 506 501 498
Capital in excess of par 510,021 505,157 498,670
Accumulated deficit (445,392) (468,048) (470,377)
Accumulated other comprehensive loss (60,572) (33,979) (28,780)
Total shareholders' equity 4,563 3,631 11
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 2,674,698 $ 1,820,490 $ 1,828,831

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v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Aug. 03, 2019
Aug. 04, 2018
Aug. 03, 2019
Aug. 04, 2018
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME        
Net earnings (loss) $ 34,266 $ 49,238 $ 41,408 $ 63,147
Currency translation adjustments (7,329) (7,824) (8,914) (21,967)
Unrealized (loss) gain on cash flow hedges, net of tax (12,065) 1,169 (17,679) 3,969
Comprehensive income $ 14,872 $ 42,583 $ 14,815 $ 45,149

Source

v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Aug. 03, 2019
Aug. 04, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 41,408 $ 63,147
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 53,810 52,719
Non-cash lease expense 98,683  
Rental product amortization 19,047 19,755
Loss on extinguishment of debt, net   20,833
Amortization of deferred financing costs and discount on long-term debt 972 2,228
Loss on disposition of assets 2,946 7,768
Asset impairment charges 184 269
Share-based compensation 5,042 9,416
Deferred tax expense (benefit) 2,828 (2,240)
Other 134 247
Changes in operating assets and liabilities:    
Accounts receivable 5,952 10,461
Inventories (22,507) 42,186
Rental product (21,450) (12,102)
Other assets (15,621) (9,372)
Accounts payable, accrued expenses and other current liabilities (30,928) (3,497)
Income taxes payable (5,789) 697
Other liabilities (101,388) (4,524)
Net cash provided by operating activities 33,323 197,991
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (39,092) (24,645)
Proceeds from divestiture of business   17,755
Net cash provided by (used in) investing activities (39,092) (6,890)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on original term loan   (993,420)
Proceeds from new term loan   895,500
Payments on new term loan (7,120) (4,500)
Proceeds from asset-based revolving credit facility 673,500 199,500
Payments on asset-based revolving credit facility (677,000) (95,000)
Repurchase and retirement of senior notes   (199,365)
Deferred financing costs   (5,644)
Cash dividends paid (18,784) (18,744)
Proceeds from issuance of common stock 879 4,113
Tax payments related to vested deferred stock units (1,052) (6,501)
Net cash (used in) provided by financing activities (29,577) (224,061)
Effect of exchange rate changes (609) (2,432)
DECREASE IN CASH AND CASH EQUIVALENTS (35,955) (35,392)
Balance at beginning of period 55,431 103,607
Balance at end of period $ 19,476 $ 68,215

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