Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
May 02, 2015
May 03, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings including non-controlling interest $ 10,369us-gaap_ProfitLoss $ 16,458us-gaap_ProfitLoss
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 31,906us-gaap_DepreciationAndAmortization 21,929us-gaap_DepreciationAndAmortization
Tuxedo rental product amortization 7,604mw_RentalProductAmortization 7,497mw_RentalProductAmortization
Amortization of deferred financing costs 1,796us-gaap_AmortizationOfFinancingCosts 140us-gaap_AmortizationOfFinancingCosts
Amortization of discount on long-term debt 340us-gaap_AmortizationOfDebtDiscountPremium  
Loss on extinguishment of debt 12,675us-gaap_GainsLossesOnExtinguishmentOfDebt  
Loss on disposition of assets 424us-gaap_GainLossOnSaleOfPropertyPlantEquipment 1,357us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Asset impairment charges   302us-gaap_AssetImpairmentCharges
Share-based compensation 4,475us-gaap_ShareBasedCompensation 3,974us-gaap_ShareBasedCompensation
Excess tax benefits from share-based plans (981)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (3,002)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
Deferred tax provision (benefit) 7,870us-gaap_DeferredIncomeTaxExpenseBenefit (4,326)us-gaap_DeferredIncomeTaxExpenseBenefit
Deferred rent expense and other 1,116mw_DeferredRentExpenseAndOther 75mw_DeferredRentExpenseAndOther
Changes in operating assets and liabilities:    
Accounts receivable (9,629)us-gaap_IncreaseDecreaseInAccountsReceivable (3,586)us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories (44,162)us-gaap_IncreaseDecreaseInInventories (43,195)us-gaap_IncreaseDecreaseInInventories
Tuxedo rental product (20,204)mw_IncreaseDecreaseInTuxedoRentalProduct (12,495)mw_IncreaseDecreaseInTuxedoRentalProduct
Other assets (6,124)us-gaap_IncreaseDecreaseInOtherOperatingAssets 12,945us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accounts payable, accrued expenses and other current liabilities 49,858mw_IncreaseDecreaseAccountsPayableAndIncreaseDecreaseAccruedLiabilities 65,288mw_IncreaseDecreaseAccountsPayableAndIncreaseDecreaseAccruedLiabilities
Income taxes payable 1,369us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable 6,547us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Other liabilities 283us-gaap_IncreaseDecreaseInOtherOperatingLiabilities (95)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Net cash provided by operating activities 48,985us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 69,813us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (30,384)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (22,543)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net cash used in investing activities (30,384)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (22,543)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from asset-based revolving credit facility 3,000us-gaap_ProceedsFromLongTermLinesOfCredit  
Payments on asset-based revolving credit facility (3,000)us-gaap_RepaymentsOfLongTermLinesOfCredit  
Payments on new term loan (4,500)us-gaap_RepaymentsOfSecuredDebt  
Payments on previous term loan   (2,500)mw_RepaymentsOfPreviousTermLoan
Deferred financing costs (3,566)us-gaap_PaymentsOfFinancingCosts (1,389)us-gaap_PaymentsOfFinancingCosts
Cash dividends paid (8,863)us-gaap_PaymentsOfDividendsCommonStock (8,812)us-gaap_PaymentsOfDividendsCommonStock
Proceeds from issuance of common stock 908us-gaap_ProceedsFromIssuanceOfCommonStock 4,373us-gaap_ProceedsFromIssuanceOfCommonStock
Tax payments related to vested deferred stock units (4,506)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation (5,732)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation
Excess tax benefits from share-based plans 981us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 3,002us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Repurchases of common stock (277)us-gaap_PaymentsForRepurchaseOfCommonStock (251)us-gaap_PaymentsForRepurchaseOfCommonStock
Net cash used in financing activities (19,823)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (11,309)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Effect of exchange rate changes 763us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations 710us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (459)us-gaap_NetCashProvidedByUsedInContinuingOperations 36,671us-gaap_NetCashProvidedByUsedInContinuingOperations
Balance at beginning of period 62,261us-gaap_CashAndCashEquivalentsAtCarryingValue 59,252us-gaap_CashAndCashEquivalentsAtCarryingValue
Balance at end of period $ 61,802us-gaap_CashAndCashEquivalentsAtCarryingValue $ 95,923us-gaap_CashAndCashEquivalentsAtCarryingValue