| Feb'20 | Feb'19 | Feb'18 | Jan'17 | Jan'16 | Jan'15 | Jan'14 | Jan'13 | Jan'12 | Jan'11 |
|---|---|---|---|---|---|---|---|---|---|
Operating activities: | |||||||||
Net Income (Loss) Attributable to Parent | |||||||||
175,056 | 149,645 | 102,451 | 71,840 | 57,680 | 48,024 | 32,142 | 20,025 | 16,078 | 7,023 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Depreciation and amortization | |||||||||
55,000 | 41,500 | 33,200 | 26,631 | 22,227 | 17,202 | 13,469 | 9,599 | 7,071 | 4,805 |
Gain on conversion of note payable | |||||||||
- | - | - | - | - | - | - | 200 | 0 | 0 |
Loss on debt extinguishment | |||||||||
- | - | - | - | - | - | -266 | -1,594 | 0 | 0 |
Loss on disposal of property and equipment | |||||||||
- | - | - | - | - | - | - | -58 | -273 | -288 |
Amortization of deferred financing costs | |||||||||
- | - | - | - | - | - | 251 | 455 | 28 | 28 |
Warrant expense related to professional service providers for services rendered | |||||||||
- | - | - | - | - | - | - | 43 | 49 | 228 |
Share-based compensation expense | |||||||||
12,383 | 12,018 | 16,373 | 11,953 | 11,172 | 5,931 | 10,092 | 12,324 | 1,197 | 2,104 |
Deferred Income Tax Expense (Benefit) | |||||||||
14,842 | 550 | 4,363 | -2,532 | -626 | -3,063 | -5,074 | 3,812 | 56 | -716 |
Other non-cash expenses | |||||||||
117 | 44 | 138 | 109 | 59 | 444 | 1,032 | - | - | - |
Changes in operating assets and liabilities: | |||||||||
Income taxes receivable | |||||||||
- | - | - | - | - | - | - | - | -20 | 20 |
Inventories | |||||||||
80,392 | 56,599 | 32,589 | 6,079 | 32,718 | 26,275 | 28,546 | 22,041 | 12,036 | 10,711 |
Prepaid income taxes | |||||||||
2,726 | -927 | 1,277 | 211 | -598 | 442 | 1,461 | 36 | 0 | 0 |
Prepaid expenses and other assets | |||||||||
16,603 | 15,655 | 16,366 | 14,875 | -2,561 | 2,936 | 3,597 | 4,133 | 3,270 | 756 |
Accounts payable | |||||||||
20,742 | 32,866 | 19,809 | -5,451 | 17,578 | 3,060 | 4,083 | 3,369 | 12,481 | 3,684 |
Income taxes payable | |||||||||
-11,121 | -4,649 | 1,902 | 11,997 | -2,500 | 8,435 | -1,076 | -2,056 | 8,998 | 2,144 |
Accrued salaries and wages | |||||||||
-4,713 | 1,680 | 12,112 | 3,133 | 2,386 | 2,603 | -1,532 | -5,050 | 7,211 | 544 |
Deferred rent | |||||||||
- | - | - | 7,855 | 6,398 | 5,669 | 8,384 | 7,723 | 6,997 | 6,295 |
Operating leases | |||||||||
13,922 | 12,143 | 15,886 | - | - | - | - | - | - | - |
Other accrued expenses | |||||||||
10,543 | 9,712 | 11,338 | 2,252 | 3,098 | 2,778 | 3,271 | 4,877 | 1,542 | 105 |
Net cash provided by operating activities | |||||||||
187,029 | 184,133 | 167,381 | 106,622 | 87,913 | 61,430 | 31,187 | 30,363 | 46,695 | 15,045 |
Investing activities: | |||||||||
Purchases of investment securities and other investments | |||||||||
136,148 | 117,371 | 234,856 | 119,746 | 46,335 | 0 | 0 | - | - | - |
Sales, maturities, and redemptions of investment securities | |||||||||
154,865 | 191,619 | 163,501 | 77,776 | 0 | 0 | - | - | - | - |
Capital expenditures | |||||||||
212,297 | 113,720 | 67,795 | 44,794 | 53,059 | 32,322 | 25,931 | 22,890 | 18,558 | 14,883 |
Net cash used in investing activities | |||||||||
-193,580 | -39,472 | -139,150 | -86,764 | -99,394 | -32,322 | -25,931 | -22,890 | -18,558 | -14,883 |
Financing activities: | |||||||||
Borrowing under long term note payable | |||||||||
- | - | - | - | - | - | - | - | - | 250 |
Borrowing on note payable under Term Loan Facility | |||||||||
- | - | - | - | - | - | - | 100,000 | 0 | 0 |
Repayment of note payable under Term Loan Facility | |||||||||
- | - | - | - | - | 19,500 | 15,000 | 65,500 | 0 | 0 |
Repayment of note payable under Revolving Credit Facility | |||||||||
- | - | - | - | - | 7,000 | 0 | 0 | - | - |
Borrowing on note payable under Revolving Credit Facility | |||||||||
- | - | - | - | - | 7,000 | 0 | 0 | - | - |
Cash paid for debt financing costs | |||||||||
- | - | - | - | - | - | - | 2,751 | 0 | 43 |
Repayment of other note payable | |||||||||
- | - | - | - | - | - | - | 50 | 0 | 0 |
Net proceeds from issuance of preferred stock | |||||||||
- | - | - | - | - | - | - | - | - | 191,855 |
Net proceeds from issuance of common stock | |||||||||
435 | 365 | 251 | 208 | 178 | 179 | 148 | 73,198 | 1,110 | 0 |
Repurchase and retirement of common stock | |||||||||
36,885 | 1,987 | 0 | 0 | 322 | 314 | 0 | 0 | - | - |
Proceeds from exercise of options to purchase common stock and vesting of restricted and performance-based restricted stock units | |||||||||
4,100 | 4,000 | 9,600 | 3,290 | 912 | 1,481 | 1,484 | 239 | 33 | 6,852 |
Common shares withheld for taxes | |||||||||
10,367 | 7,990 | 1,504 | 1,904 | - | - | - | 17 | 140 | 0 |
Dividends paid to shareholders | |||||||||
- | - | - | - | - | - | - | 99,451 | 0 | 192,417 |
Excess tax benefit related to exercises of stock options and vesting of restricted and performance-based restricted stock units | |||||||||
- | - | - | 1,555 | 608 | 2,049 | 2,262 | 1,647 | 0 | 3,226 |
Proceeds from (Payments for) Other Financing Activities | |||||||||
- | - | - | - | - | -1 | -47 | - | - | -10,168 |
Net cash (used in) provided by financing activities | |||||||||
-42,707 | -5,582 | 8,350 | 3,149 | 1,376 | -16,106 | -11,153 | 7,315 | 1,003 | -445 |
Net (decrease) increase in cash and cash equivalents | |||||||||
-49,258 | 139,079 | 36,581 | 23,007 | -10,105 | 13,002 | -5,897 | 14,788 | 29,140 | -283 |
Supplemental disclosures of cash flow information: | |||||||||
Interest paid | |||||||||
0 | 3 | 4 | 10 | 25 | 129 | 1,259 | 2,056 | 24 | 53 |
Income taxes paid | |||||||||
45,518 | 45,589 | 51,405 | 31,762 | 36,897 | 21,587 | 25,039 | 10,803 | 1,157 | 111 |
(Decrease) increase in accounts payable and accrued purchases of property and equipment | |||||||||
-19,411 | 48,723 | 3,093 | 511 | 1,986 | 1,673 | 606 | 3,770 | - | - |