| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating activities | ||||||||||||||||
Net income | ||||||||||||||||
156,974 | 150,631 | 133,192 | 118,786 | 115,036 | 116,187 | 146,261 | 142,948 | 123,531 | 102,788 | 71,519 | 62,483 | 47,066 | 43,039 | 0 | 0 | 0 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||||||
Depreciation and amortization | ||||||||||||||||
78,905 | 74,001 | 68,246 | 63,270 | 57,642 | 51,992 | 47,468 | 43,636 | 40,663 | 38,062 | 35,888 | 32,966 | 31,412 | 28,604 | 0 | 0 | 0 |
Gain on asset impairments and disposals | ||||||||||||||||
-4,082 | -4,111 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | -451 | 0 | 0 | 0 |
Amortization of tenant improvement allowances | ||||||||||||||||
- | - | - | - | - | 4,494 | 4,222 | 3,929 | 3,601 | 3,311 | 3,056 | 2,920 | 2,711 | 2,561 | 0 | 0 | 0 |
Deferred income taxes | ||||||||||||||||
-14,266 | -10,584 | -10,217 | -5,268 | -4,136 | -968 | -7,527 | -5,321 | -3,899 | -557 | -491 | 504 | -215 | -5,536 | 0 | 0 | 0 |
Interest cap derivative contracts | ||||||||||||||||
0 | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Interest cap derivative contracts | ||||||||||||||||
- | - | - | - | - | - | 0 | 0 | 0 | - | 0 | 0 | 0 | - | - | - | - |
Stock based compensation expense | ||||||||||||||||
9,361 | 8,711 | 8,563 | 7,980 | 7,349 | 6,514 | 6,017 | 5,776 | 5,489 | 4,959 | 4,576 | 3,904 | 3,359 | 3,229 | 0 | 0 | 0 |
Changes in operating assets and liabilities: | ||||||||||||||||
Receivables, net | ||||||||||||||||
21,678 | 17,850 | 5,693 | 10,374 | 6,693 | 13,486 | 7,053 | 2,844 | 4,883 | 19,508 | 14,059 | 14,225 | 14,778 | 10,793 | 0 | 0 | 0 |
Inventories, net | ||||||||||||||||
151,437 | 110,851 | 80,185 | 13,950 | 10,785 | 53,557 | 18,645 | 75,466 | 120,672 | 134,248 | 94,010 | 68,572 | 31,598 | 21,133 | 0 | 0 | 0 |
Other assets | ||||||||||||||||
- | - | - | - | - | - | - | - | - | - | 4,620 | 5,157 | 7,476 | 4,817 | 0 | 0 | 0 |
Trade accounts payable | ||||||||||||||||
90,317 | 54,956 | 80,565 | 7,708 | -25,509 | 54,773 | -11,461 | 21,403 | 49,068 | 100,264 | 83,437 | 75,933 | 56,675 | 11,145 | 0 | 0 | 0 |
Accrued expenses and other current liabilities | ||||||||||||||||
15,249 | 20,744 | 26,830 | 29,239 | 14,212 | -1,731 | 10,230 | -1,526 | 3,632 | 9,485 | -3,452 | -254 | 17,934 | 27,244 | 0 | 0 | 0 |
Income taxes | ||||||||||||||||
3,293 | 3,894 | 1,038 | 13,082 | 18,584 | 6,221 | -8,180 | -15,711 | -18,178 | -18,259 | -3,749 | 3,114 | 4,600 | 8,271 | 0 | 0 | 0 |
Deferred revenue | ||||||||||||||||
608 | 1,439 | 3,775 | 2,284 | 2,839 | 3,002 | -272 | 3,445 | 3,097 | 8,067 | 8,566 | 5,667 | 5,324 | 2,311 | 0 | 0 | 0 |
Deferred rent | ||||||||||||||||
- | - | - | - | - | 14,455 | 8,805 | 8,204 | 9,165 | 9,243 | 8,799 | 7,712 | 6,218 | 3,870 | 0 | 0 | 0 |
Tenant improvement allowances | ||||||||||||||||
- | - | - | - | - | 15,010 | 15,080 | 7,894 | 3,617 | 7,984 | 4,841 | 4,085 | 8,222 | 4,244 | 0 | 0 | 0 |
Other, net | ||||||||||||||||
29,044 | 23,084 | 11,348 | -9,923 | -20,079 | -8,105 | -7,298 | -2,795 | -1,638 | -1,332 | 96 | 84 | 73 | 75 | 0 | 0 | 0 |
Net cash provided by operating activities | ||||||||||||||||
202,305 | 204,658 | 251,519 | 223,858 | 172,033 | 185,624 | 170,043 | 126,691 | 93,745 | 109,207 | 0 | 0 | 0 | - | - | 0 | 0 |
Purchases of fixed assets | ||||||||||||||||
202,758 | 196,008 | 183,017 | 166,131 | 155,190 | 151,397 | 142,009 | 120,193 | 110,293 | 102,253 | 92,047 | 89,226 | 80,534 | 74,648 | 0 | 0 | 0 |
Net cash used in investing activities | ||||||||||||||||
-202,758 | -196,008 | -183,017 | -166,131 | -155,190 | -151,397 | -142,009 | -120,193 | -110,293 | -102,253 | 0 | 0 | 0 | - | - | 0 | 0 |
Borrowings on revolving line of credit | ||||||||||||||||
294,900 | 100,100 | 113,100 | 183,050 | 245,350 | 217,050 | 265,450 | 254,300 | 263,300 | 236,700 | 212,400 | 193,900 | 151,000 | 171,850 | 0 | 0 | 0 |
Payments on revolving line of credit | ||||||||||||||||
22,000 | 100,100 | 113,100 | 196,650 | 270,050 | 258,050 | 303,550 | 272,500 | 251,000 | 245,700 | 237,300 | 231,600 | 224,500 | 214,750 | 0 | 0 | 0 |
Payments on term loans | ||||||||||||||||
3,500 | 3,500 | 3,500 | 3,500 | 2,625 | 3,500 | 3,500 | 3,500 | 198,375 | 197,500 | 294,059 | 293,351 | 98,842 | 98,334 | 0 | 0 | 0 |
Proceeds from exercise of stock options | ||||||||||||||||
20,805 | 18,798 | 16,295 | 9,027 | 9,112 | 10,531 | 13,846 | 15,675 | 11,973 | 8,874 | 4,273 | 2,105 | 346 | 284 | 0 | 0 | 0 |
Proceeds from employee stock purchase plan | ||||||||||||||||
2,157 | 2,445 | 0 | 0 | 0 | - | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Debt issuance costs | ||||||||||||||||
0 | - | - | - | 0 | - | - | - | - | - | - | - | - | 10,546 | 0 | 0 | 0 |
Net cash provided by (used in) financing activities | ||||||||||||||||
289,933 | 17,743 | 15,070 | -6,824 | -16,964 | -34,139 | -28,067 | -6,337 | 16,675 | -6,849 | 0 | 0 | 0 | - | - | 0 | 0 |
Net increase in cash and cash equivalents | ||||||||||||||||
289,480 | 26,393 | 83,572 | 50,903 | -121 | 88 | -33 | 161 | 127 | 105 | 218 | 3 | 84 | 133 | 0 | 0 | 0 |
Supplemental disclosures of cash flow information | ||||||||||||||||
Buildings and equipment acquired under operating leases | ||||||||||||||||
287,921 | 277,392 | 0 | 0 | 0 | - | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Cash paid for interest | ||||||||||||||||
6,699 | 7,388 | 7,557 | 7,631 | 7,182 | 7,563 | 7,738 | 7,910 | 10,171 | 15,748 | 0 | 0 | 0 | - | - | 0 | 0 |
Cash paid for income taxes, net of refunds | ||||||||||||||||
- | - | - | - | - | 1,082 | 1,172 | 3,895 | 14,411 | 14,392 | 0 | 0 | 0 | - | - | 0 | 0 |
Fixed assets accrued at the end of the period | ||||||||||||||||
28,311 | 19,527 | 24,014 | 21,944 | 9,624 | 15,120 | 12,671 | 18,645 | 17,481 | 8,521 | 8,429 | 5,400 | 5,795 | 5,387 | 0 | 0 | 0 |
Fixed assets acquired as part of lease - paid for by lessor | ||||||||||||||||
- | - | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - |