| Feb'20 | Feb'19 | Feb'18 | Jan'17 | Jan'16 | Jan'15 | Jan'14 | Jan'13 | Jan'12 | Jan'11 | Jan'10 | Jan'09 |
|---|---|---|---|---|---|---|---|---|---|---|---|
From operating activities: | |||||||||||
Net income | |||||||||||
491,000 | 541,000 | 284,000 | 664,000 | 541,000 | 520,000 | 429,000 | 397,000 | 278,000 | 169,000 | 48,000 | -80,000 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Non-cash impairment charges | |||||||||||
48,000 | 19,000 | 20,000 | 6,000 | 5,000 | 4,000 | - | 12,000 | 5,000 | 10,000 | 36,000 | 259,000 |
Non-cash gain | |||||||||||
4,000 | - | - | - | - | - | - | - | - | - | - | - |
Discontinued operations, net of tax | |||||||||||
- | - | - | - | - | - | - | - | - | - | 1,000 | -1,000 |
Depreciation and amortization | |||||||||||
179,000 | 178,000 | 173,000 | 158,000 | 148,000 | 139,000 | 133,000 | 118,000 | 110,000 | 106,000 | 112,000 | 130,000 |
Deferred income taxes | |||||||||||
5,000 | 9,000 | 105,000 | -1,000 | -6,000 | 20,000 | 19,000 | 20,000 | 29,000 | 84,000 | 2,000 | -44,000 |
Share-based compensation expense | |||||||||||
18,000 | 22,000 | 15,000 | 22,000 | 22,000 | 24,000 | 25,000 | 20,000 | 18,000 | 13,000 | 12,000 | 9,000 |
Excess tax benefits on share-based compensation | |||||||||||
- | - | - | - | - | 12,000 | 8,000 | 9,000 | 5,000 | -1,000 | - | - |
Gain on sale of real estate | |||||||||||
- | - | - | - | - | 4,000 | - | 0 | - | - | - | - |
Qualified pension plan contributions | |||||||||||
55,000 | 128,000 | 25,000 | 36,000 | 4,000 | 6,000 | 2,000 | 26,000 | 28,000 | 32,000 | 100,000 | 6,000 |
Change in assets and liabilities: | |||||||||||
Merchandise inventories | |||||||||||
-51,000 | 16,000 | -69,000 | 25,000 | 49,000 | 81,000 | 20,000 | 91,000 | 17,000 | 19,000 | -111,000 | -128,000 |
Accounts payable | |||||||||||
-51,000 | 135,000 | - | -31,000 | -17,000 | 51,000 | -48,000 | 57,000 | 19,000 | 7,000 | 23,000 | -39,000 |
Accrued and other liabilities | |||||||||||
-40,000 | 39,000 | -30,000 | 27,000 | - | 33,000 | -10,000 | -4,000 | 38,000 | 35,000 | -30,000 | - |
Pension litigation accrual | |||||||||||
- | 13,000 | 178,000 | - | 100,000 | - | - | - | - | - | - | - |
Class counsel fees paid in connection with pension litigation | |||||||||||
- | 97,000 | - | - | - | - | - | - | - | - | - | - |
Income tax receivables and payables | |||||||||||
- | - | - | - | - | - | - | -34,000 | 24,000 | -33,000 | 27,000 | - |
Other accruals | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -4,000 |
Income taxes | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -7,000 |
Payment on the settlement of the net investment hedge | |||||||||||
- | - | - | - | - | - | - | - | - | 24,000 | - | - |
Proceeds from the termination of interest rate swaps | |||||||||||
- | - | - | - | - | - | - | - | - | - | 19,000 | - |
Other, net | |||||||||||
-54,000 | -66,000 | -24,000 | -60,000 | -51,000 | -24,000 | -12,000 | 44,000 | -26,000 | -9,000 | -87,000 | -36,000 |
Net cash provided by operating activities | |||||||||||
696,000 | 781,000 | 813,000 | 844,000 | 791,000 | 712,000 | 530,000 | 416,000 | 497,000 | 326,000 | 346,000 | 383,000 |
From investing activities: | |||||||||||
Reclassification of cash equivalents to short-term investments | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 23,000 |
Sales of short-term investments | |||||||||||
- | - | - | - | - | - | - | - | - | 9,000 | 16,000 | - |
Capital expenditures | |||||||||||
187,000 | 187,000 | 274,000 | 266,000 | 228,000 | 190,000 | 206,000 | 163,000 | 152,000 | 97,000 | 89,000 | 146,000 |
Minority investments | |||||||||||
50,000 | 89,000 | 15,000 | - | - | - | - | - | - | - | - | - |
Proceeds from sale of property | |||||||||||
2,000 | - | - | - | - | - | - | - | - | - | - | - |
Purchase of business, net of cash acquired | |||||||||||
- | - | - | - | 2,000 | - | 81,000 | 0 | 0 | - | - | 106,000 |
Proceeds from sale of real estate | |||||||||||
- | - | - | - | - | 5,000 | - | 0 | - | - | - | - |
Sales and maturities of short-term investments | |||||||||||
- | - | - | - | - | 9,000 | 60,000 | 39,000 | 0 | - | - | - |
Insurance proceeds related to loss on property and equipment | |||||||||||
- | 2,000 | - | - | - | - | - | - | 1,000 | - | 1,000 | - |
Purchases of short-term investments | |||||||||||
- | - | - | - | - | - | 23,000 | 88,000 | 0 | - | - | - |
Gain from lease terminations | |||||||||||
- | - | - | - | - | - | -2,000 | 0 | -2,000 | -1,000 | - | 3,000 |
Net cash used in investing activities | |||||||||||
-235,000 | -274,000 | -289,000 | -266,000 | -230,000 | -176,000 | -248,000 | -212,000 | -149,000 | -87,000 | -72,000 | -272,000 |
From financing activities: | |||||||||||
Purchase of treasury shares | |||||||||||
335,000 | 375,000 | 467,000 | 432,000 | 419,000 | 305,000 | 229,000 | 129,000 | 104,000 | 50,000 | - | - |
Dividends paid on common stock | |||||||||||
164,000 | 158,000 | 157,000 | 147,000 | 139,000 | 127,000 | 118,000 | 109,000 | 101,000 | 93,000 | 94,000 | 93,000 |
Issuance of common stock | |||||||||||
- | - | - | - | - | 17,000 | 27,000 | 43,000 | 18,000 | 10,000 | 3,000 | 2,000 |
Proceeds from exercise of stock options | |||||||||||
5,000 | 5,000 | 13,000 | 29,000 | 64,000 | - | - | - | - | - | - | - |
Treasury stock reissued under employee stock plan | |||||||||||
3,000 | 2,000 | 5,000 | 4,000 | 5,000 | 5,000 | 3,000 | 5,000 | 4,000 | 3,000 | - | - |
Shares of common stock repurchased to satisfy tax withholding obligations | |||||||||||
2,000 | 1,000 | 10,000 | 7,000 | 9,000 | - | - | - | - | - | - | - |
Excess tax benefits on share-based compensation | |||||||||||
- | - | - | - | - | 12,000 | 9,000 | 11,000 | 5,000 | 3,000 | - | - |
Payment of revolving credit agreement costs | |||||||||||
- | - | - | 2,000 | - | - | - | - | - | - | - | - |
Reduction in obligations under capital leases | |||||||||||
- | - | - | 1,000 | 2,000 | 3,000 | 1,000 | 2,000 | 0 | - | 3,000 | 94,000 |
Net cash used in financing activities | |||||||||||
-493,000 | -527,000 | -616,000 | -556,000 | -500,000 | -401,000 | -309,000 | -181,000 | -178,000 | -127,000 | -94,000 | -185,000 |
Effect of exchange rate fluctuations on cash, cash equivalents, and restricted cash | |||||||||||
-7,000 | -30,000 | 50,000 | 3,000 | -6,000 | -26,000 | 5,000 | 6,000 | -15,000 | 2,000 | 18,000 | -29,000 |
Net change in cash, cash equivalents, and restricted cash | |||||||||||
-39,000 | -50,000 | -42,000 | 25,000 | 55,000 | 109,000 | -22,000 | 29,000 | 155,000 | 114,000 | 197,000 | -103,000 |
Net Cash used by Discontinued Operations | |||||||||||
- | - | - | - | - | - | - | - | - | - | -1,000 | - |
Cash paid during the year: | |||||||||||
Interest | |||||||||||
11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 12,000 | 12,000 | 12,000 | 11,000 |
Income taxes | |||||||||||
201,000 | 184,000 | 237,000 | 341,000 | 283,000 | 251,000 | 175,000 | 230,000 | 143,000 | 53,000 | 19,000 | 64,000 |