| Feb'20 | Feb'19 | Feb'18 | Jan'17 | Jan'16 | Jan'15 | Jan'14 |
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income | ||||||
141,130 | 135,013 | 127,594 | 59,764 | 35,839 | 26,915 | 19,541 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Depreciation and amortization of property and equipment | ||||||
17,543 | 14,008 | 11,923 | 10,291 | 8,913 | 8,051 | 8,104 |
Amortization of debt issuance costs | ||||||
300 | 500 | 600 | 746 | 1,273 | 1,471 | 1,403 |
Amortization of original issue discount | ||||||
0 | 5 | 17 | 25 | 436 | 579 | 643 |
Loss on extinguishment of debt | ||||||
0 | -200 | -800 | 0 | -6,710 | -671 | -1,848 |
Amortization of intangibles | ||||||
0 | 335 | 338 | 377 | 428 | 734 | 1,387 |
Gain on sale of assets | ||||||
74 | 48 | 29 | 4 | 0 | 14 | 28 |
Deferred income tax provision (benefit) | ||||||
3,785 | -1,568 | -30,323 | 1,867 | -1,731 | -3,419 | -3,213 |
The net change during the reporting period in the amount due which is the result of the cumulative difference between the rental payments required by a lease agreement and the rental expense recognized on a straight-line basis. | ||||||
0 | 1,590 | 1,920 | 1,369 | 1,873 | 1,144 | 1,268 |
Stock-based compensation expense | ||||||
7,302 | 7,291 | 7,413 | 6,685 | 5,035 | 3,761 | 3,440 |
Excess tax benefit related to exercises of stock options | ||||||
- | - | - | 9,559 | 1,068 | 0 | - |
Changes in operating assets and liabilities: | ||||||
Inventories | ||||||
38,774 | 41,222 | 45,078 | 19,499 | 20,736 | 23,654 | 20,598 |
Accounts receivable | ||||||
2,270 | -701 | 970 | 118 | -135 | -21 | 62 |
Prepaid expenses and other assets | ||||||
870 | 4,163 | 4,424 | 1,264 | 730 | -3,220 | 446 |
Accounts payable | ||||||
-15,513 | 3,564 | 22,955 | -1,822 | 1,543 | 13,113 | 321 |
Income taxes payable | ||||||
-3,487 | 1,358 | 1,487 | 10,005 | 468 | -2,330 | 3,425 |
Accrued expenses and other liabilities | ||||||
-3,724 | 8,583 | 1,675 | 8,225 | 7,460 | 1,579 | 2,680 |
Net cash provided by operating activities | ||||||
105,344 | 126,079 | 95,936 | 67,088 | 45,848 | 31,842 | 19,713 |
Purchases of property and equipment | ||||||
76,979 | 74,178 | 19,285 | 16,438 | 14,203 | 14,110 | 9,597 |
Acquisition of intangible assets | ||||||
- | - | - | - | 157 | 0 | - |
Proceeds from sale of property and equipment | ||||||
42,855 | 330 | 128 | 15 | 23 | 103 | 43 |
Net cash used in investing activities | ||||||
-34,124 | -73,848 | -19,157 | -16,423 | -14,337 | -14,007 | -9,554 |
Borrowings on revolving credit facility | ||||||
- | - | - | 946,683 | 858,053 | 674,457 | 471,891 |
Repayments on revolving credit facility | ||||||
- | - | - | 946,683 | 858,053 | 674,457 | 471,891 |
Borrowings on term loan | ||||||
- | - | - | - | 200,000 | 59,592 | 47,756 |
Repayments on term loan and capital leases | ||||||
460 | 49,001 | 146,422 | 5,104 | 324,076 | 7,612 | 2,750 |
Payment of debt issuance costs | ||||||
552 | 0 | 0 | - | 3,368 | 2,049 | 1,401 |
Proceeds from issuance of common stock, net of expenses | ||||||
- | - | - | - | 149,806 | 0 | - |
Proceeds from stock option exercises | ||||||
9,087 | 10,179 | 10,413 | 13,304 | 2,271 | 0 | - |
Common shares withheld for taxes | ||||||
1,272 | 702 | 219 | 0 | 0 | - | - |
Payment of dividend | ||||||
- | - | - | - | 48,848 | 57,951 | - |
Payment for shares repurchased | ||||||
40,014 | 0 | 0 | - | - | - | 46,198 |
Purchase of treasury stock | ||||||
- | - | - | - | 57 | 29 | - |
Excess tax benefit related to exercises of stock options | ||||||
- | - | - | 9,559 | 1,068 | 0 | - |
Net cash used in financing activities | ||||||
-33,211 | -39,524 | -136,228 | 17,759 | -23,204 | -8,049 | -2,593 |
Net increase (decrease) in cash and cash equivalents | ||||||
38,009 | 12,707 | -59,449 | 68,424 | 8,307 | 9,786 | 7,566 |
Supplemental disclosure of cash flow information: | ||||||
Cash paid during the year for: | ||||||
Interest | ||||||
355 | 807 | 3,806 | 5,179 | 13,829 | 19,867 | 13,355 |
Income taxes | ||||||
30,857 | 26,112 | 31,949 | 24,859 | 22,824 | 22,703 | 11,096 |
Non-cash investing activities: | ||||||
Accrued purchases of property and equipment | ||||||
4,562 | 5,735 | 1,925 | 1,009 | 402 | 437 | 458 |