| Feb'20 | Feb'19 | Jan'18 | Jan'18 | Jan'17 | Jan'17 | Jan'16 | Jan'15 | Jan'14 |
|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||
Net income | ||||||||
18,499 | 23,165 | 23,627 | 23,627 | 21,529 | 21,529 | 27,686 | 24,107 | 16,053 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
Depreciation and amortization | ||||||||
22,083 | 12,594 | 7,330 | 7,330 | 4,698 | 4,698 | 2,837 | 1,821 | 1,247 |
Stock-based compensation | ||||||||
647 | 1,668 | 1,597 | 1,597 | 1,224 | 1,224 | 720 | 74 | 76 |
Deferred income taxes | ||||||||
-1,151 | 7,999 | 533 | 533 | 1,536 | 1,536 | 31 | - | - |
Loss on disposal of property and equipment | ||||||||
- | -162 | -2 | -2 | -3 | -3 | -5 | -4 | -30 |
Changes in operating assets and liabilities: | ||||||||
Receivables | ||||||||
-1,518 | 4,329 | - | -69 | - | - | - | - | - |
Accounts receivable | ||||||||
- | - | 7 | - | 25 | 25 | 3 | 16 | -9 |
Other receivables | ||||||||
- | - | -76 | - | 273 | 273 | 2 | -393 | 314 |
Inventory | ||||||||
50,164 | 11,013 | 17,553 | 17,553 | 14,446 | 14,446 | 13,623 | 10,554 | 7,952 |
Prepaid expense & other current assets | ||||||||
-5,429 | 5,618 | 2,320 | 2,320 | 1,177 | 1,177 | 967 | 1,214 | 655 |
Prepaid catalog costs | ||||||||
-1,322 | 3,261 | - | -419 | - | - | - | - | - |
Deferred catalog costs | ||||||||
- | - | -419 | - | -1,472 | -1,472 | -1,502 | -157 | -333 |
Trade accounts payable | ||||||||
7,564 | 10,282 | 6,363 | 6,363 | -2,962 | -2,962 | -5,544 | 4,239 | 4,119 |
Income taxes payable | ||||||||
3,209 | -7,562 | 2,406 | 2,406 | 3,917 | 3,917 | 1,308 | - | - |
Accrued expenses and deferred rent obligations | ||||||||
-2,260 | 7,008 | 7,395 | 7,395 | 4,757 | 4,757 | 264 | 3,617 | 3,424 |
Net cash provided by operating activities | ||||||||
6,696 | 31,095 | 29,868 | 29,868 | 20,253 | 20,253 | 14,214 | 22,628 | 16,370 |
Cash flows from investing activities: | ||||||||
Purchases of property and equipment | ||||||||
24,435 | 53,036 | 46,464 | 46,464 | 28,672 | 28,672 | 7,306 | 5,269 | 3,952 |
Capital contributions towards build-to-suit stores | ||||||||
6,354 | - | - | - | - | - | - | - | - |
Purchase of available-for-sale security | ||||||||
- | - | - | 6,323 | - | - | - | - | - |
Purchase of available-for-sale security | ||||||||
- | - | 6,323 | - | - | - | - | - | - |
Principal receipts from available-for-sale security | ||||||||
117 | 28 | - | - | - | - | - | - | - |
Change in other assets | ||||||||
15 | 438 | - | 235 | - | 234 | - | - | - |
Consolidation of TRI Holdings, LLC | ||||||||
- | 217 | - | - | - | - | - | - | - |
Deconsolidation of Schlecht Retail Ventures LLC | ||||||||
- | 506 | - | - | - | - | - | 1,773 | - |
Change in restricted cash | ||||||||
- | - | 2,783 | - | 1,435 | - | - | - | - |
Purchases of other assets | ||||||||
- | - | 235 | - | 234 | - | 56 | 105 | 262 |
Net cash used in investing activities | ||||||||
-30,687 | -53,735 | -55,805 | -53,022 | -30,341 | -28,906 | -7,362 | -7,147 | -4,214 |
Cash flows from financing activities: | ||||||||
Net proceeds from initial public offering | ||||||||
- | - | - | - | - | - | 83,923 | - | - |
Proceeds from line of credit | ||||||||
271,754 | 130,086 | 88,898 | 88,898 | 25,385 | 25,385 | 102,862 | 56,615 | 34,033 |
Payments on line of credit | ||||||||
268,965 | 113,544 | 88,898 | 88,898 | 25,385 | 25,385 | 103,462 | 56,015 | 34,033 |
Proceeds from other borrowings | ||||||||
20,000 | - | - | - | - | - | - | - | - |
Proceeds from long term debt | ||||||||
- | - | - | 800 | - | - | - | - | - |
Proceeds from long term debt | ||||||||
- | - | 800 | - | - | - | 47,100 | 632 | - |
Payments on long term debt | ||||||||
495 | 416 | 54 | 54 | 4,226 | 4,226 | 46,899 | 927 | 386 |
Change in bank overdrafts | ||||||||
- | - | - | - | - | - | - | - | -350 |
Distributions to holders of noncontrolling interest in variable interest entities | ||||||||
- | - | 400 | 400 | 30 | 30 | 390 | 330 | 450 |
Payments on finance lease obligations | ||||||||
891 | - | - | 321 | - | - | - | - | - |
Proceeds from finance lease obligations | ||||||||
- | 2,281 | 3,949 | 3,949 | - | - | - | - | - |
Payments on capital lease obligations | ||||||||
- | - | 15 | - | 20 | - | 261 | 47 | 12 |
Payments on finance lease obligations under build-to-suit leases | ||||||||
- | - | 321 | - | 19 | 19 | - | - | - |
Distributions to shareholders | ||||||||
- | - | - | - | 192 | 192 | 60,077 | 15,078 | 4,434 |
Shares withheld for tax payments on vested restricted stock | ||||||||
315 | 35 | 57 | 57 | - | - | - | - | - |
Capital contributions to variable interest entities | ||||||||
- | - | 794 | 794 | 744 | 744 | 344 | 50 | 734 |
Other | ||||||||
407 | 270 | 64 | 49 | - | -20 | - | - | - |
Net cash provided by financing activities | ||||||||
21,495 | 18,642 | 4,760 | 4,760 | -3,743 | -3,743 | 23,140 | -15,100 | -4,898 |
Decrease in cash and restricted cash | ||||||||
-2,496 | -3,998 | -21,177 | -18,394 | -13,831 | -12,396 | 29,992 | 381 | 7,258 |
Supplemental disclosure of cash flow information: | ||||||||
Interest paid | ||||||||
4,565 | 5,759 | 1,848 | 1,848 | 185 | 185 | 301 | 340 | 243 |
Income taxes paid | ||||||||
562 | 10,311 | 9,002 | 9,002 | 6,698 | 6,698 | - | - | - |
Supplemental disclosure of non-cash information: | ||||||||
Property and equipment acquired through issuance of debt | ||||||||
- | 28,315 | - | - | - | - | - | - | - |
Property and equipment acquired under capital leases | ||||||||
- | - | - | - | - | - | - | 323 | - |
Property and equipment acquired under build-to-suit leases | ||||||||
- | 9,258 | 19,537 | 19,537 | 3,369 | 3,369 | - | - | - |
Unpaid liability to acquire property and equipment | ||||||||
1,414 | 433 | 2,028 | 2,028 | 3,485 | 3,485 | 112 | - | - |