| Feb'20 | Nov'19 | Aug'19 | May'19 | Feb'19 | Oct'18 | Aug'18 | May'18 |
|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | |||||||
Net income | |||||||
41,763 | 55,092 | 54,523 | 35,798 | 64,307 | 54,431 | -5,614 | 14,137 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||
Depreciation and amortization | |||||||
40,080 | 39,249 | 39,001 | 38,670 | 39,789 | 39,936 | 41,076 | 41,422 |
Amortization of debt issuance costs and accretion of original issues discount | |||||||
1,203 | 1,323 | 1,323 | 1,323 | 1,323 | 1,322 | 1,795 | 2,116 |
Impairment charges | |||||||
13,300 | 0 | 0 | 0 | 0 | 962 | 0 | 3,000 |
Stock-based compensation expense | |||||||
4,812 | 5,188 | 4,952 | 3,844 | 2,931 | 2,620 | 51,156 | 970 |
Deferred income tax provision (benefit) | |||||||
-4,600 | 4,283 | 6,062 | 4,501 | -9,585 | -1,178 | 456 | -2,007 |
Other non-cash items, net | |||||||
511 | 194 | -2,446 | -287 | 16,352 | -8,154 | -9,268 | -1,292 |
Increase (decrease) in cash due to changes in: | |||||||
Accounts receivable | |||||||
20,370 | 23,705 | -18,101 | -13,921 | 15,209 | 14,176 | -3,372 | -22,037 |
Merchandise inventories | |||||||
-189,670 | 244,631 | -59,024 | 33,259 | -192,804 | 240,065 | -50,189 | 36,096 |
Prepaid expenses and other current assets | |||||||
-8,118 | 6,929 | -67 | -20,913 | -22,545 | 9,063 | -3,078 | -9,778 |
Other assets | |||||||
-3,110 | 902 | 62 | 436 | -171 | 302 | -3,389 | 2,384 |
Accounts payable | |||||||
-182,979 | 177,157 | -23,542 | 8,496 | -162,803 | 194,163 | -20,800 | 58,324 |
Change in book overdrafts | |||||||
-10,274 | 4,045 | 3,147 | -9,012 | 9,287 | -762 | 4,507 | -32,802 |
Accrued expenses | |||||||
56,981 | -3,764 | 6,718 | -41,801 | 9,766 | 12,959 | 9,845 | -13,449 |
Other non-current liabilities | |||||||
-6,823 | -1,846 | -1,572 | 1,691 | 2,251 | -3,191 | -608 | -981 |
Net cash provided by operating activities | |||||||
133,621 | 6,398 | 170,188 | 44,936 | 176,210 | 47,674 | 137,862 | 65,357 |
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||
Additions to property and equipment, net of disposals | |||||||
52,473 | 56,130 | 51,764 | 36,534 | 42,573 | 27,674 | 33,521 | 42,145 |
Net cash used in investing activities | |||||||
-30,867 | -56,130 | -51,764 | -36,534 | -42,573 | -27,674 | -33,521 | -42,145 |
CASH FLOWS FROM FINANCING ACTIVITIES | |||||||
Payments on long term debt | |||||||
3,296 | 3,844 | 3,845 | 3,844 | 3,844 | 9,494 | 3,036 | 19,793 |
Proceeds from ABL facility | |||||||
276,000 | 518,000 | 351,000 | 245,000 | 285,000 | 632,000 | 274,000 | 396,000 |
Payments on ABL facility | |||||||
382,000 | 264,000 | 402,000 | 253,000 | 420,000 | 301,000 | 391,000 | 403,000 |
Net cash received (paid) from stock option exercises | |||||||
1,779 | 675 | 2,299 | 6,319 | 1,037 | 4,204 | -20,063 | 582 |
Other financing activities | |||||||
0 | 298 | -152 | -146 | - | - | - | -1,484 |
Net cash used in financing activities | |||||||
-102,518 | 50,608 | -119,209 | -5,671 | -137,993 | -19,803 | -103,507 | -27,695 |
Net increase (decrease) in cash and cash equivalents | |||||||
236 | 876 | -785 | 2,731 | -4,356 | 197 | 834 | -4,483 |
Supplemental cash flow information: | |||||||
Interest paid | |||||||
21,507 | 24,510 | 25,763 | 25,081 | 25,629 | 28,182 | 44,124 | 54,947 |
Income taxes paid | |||||||
6,927 | 16,330 | 14,129 | 2,965 | 853 | 1,004 | 12,443 | 1,545 |
Non-cash financing and investing activities: | |||||||
Deferred offering costs included in accrued expenses | |||||||
- | - | - | 0 | - | - | - | 2,875 |
Property additions included in accrued expenses | |||||||
-9,008 | 4,274 | -10,303 | 26,284 | 779 | -677 | -48 | 13,795 |