| Feb'20 | Feb'19 | Feb'18 | Jan'17 | Jan'16 | Jan'15 | Jan'14 | Jan'13 | Jan'12 | Jan'11 | Jan'10 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash Flows From Operating Activities | ||||||||||
Net income | ||||||||||
42,914 | 38,135 | 18,933 | 23,517 | 28,767 | 25,527 | 26,871 | 29,338 | 26,382 | 26,821 | 15,166 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
16,950 | 21,843 | 23,804 | 23,699 | 23,078 | 20,063 | 17,428 | 15,955 | 14,450 | 13,735 | 14,982 |
Stock-based compensation | ||||||||||
6,486 | 10,162 | 5,017 | 3,822 | 3,702 | 1,064 | 3,295 | 4,049 | 2,135 | 5,468 | 1,648 |
Loss/(gain) on retirement and impairment of assets, net | ||||||||||
-1,503 | 1,264 | -5,511 | -4,794 | -1,770 | -1,104 | -1,180 | -628 | -666 | -1,995 | -228 |
Deferred income taxes | ||||||||||
2,619 | -1,440 | 1,418 | -1,381 | -3,035 | -550 | -721 | -3,347 | 3,040 | -1,403 | -1,042 |
Non-cash operating lease expense | ||||||||||
42,322 | 0 | 0 | - | - | - | - | - | - | - | - |
Lease incentives | ||||||||||
0 | 634 | 4,818 | 3,825 | 6,604 | 8,307 | 8,112 | 7,189 | 5,903 | 2,974 | 2,211 |
Other | ||||||||||
-1,236 | 8,650 | 6,993 | 4,619 | 5,171 | 1,070 | -405 | 566 | 810 | 827 | 661 |
Changes in operating assets and liabilities: | ||||||||||
Accounts receivable | ||||||||||
1,505 | -3,905 | 951 | 2,293 | -588 | -1,409 | 2,135 | -470 | 971 | 804 | -961 |
Merchandise inventories | ||||||||||
1,956 | -2,961 | -19,146 | -13,232 | 5,001 | 3,076 | 12,519 | 34,627 | 24,726 | 15,477 | 7,958 |
Operating lease liabilities | ||||||||||
-45,933 | 0 | 0 | - | - | - | - | - | - | - | - |
Accounts payable and accrued liabilities | ||||||||||
9,468 | 12,688 | -30,132 | -982 | 6,530 | 6,838 | -4,158 | 9,269 | 3,960 | -2,669 | 40 |
Other | ||||||||||
7,158 | 4,833 | 223 | -175 | -723 | 1,962 | -862 | 2,508 | -846 | 390 | -2,322 |
Net cash provided by operating activities | ||||||||||
66,946 | 74,141 | 40,348 | 63,789 | 58,555 | 57,654 | 38,620 | 25,850 | 30,875 | 29,423 | 27,897 |
Cash Flows From Investing Activities | ||||||||||
Purchases of property and equipment | ||||||||||
18,501 | 7,413 | 19,653 | 21,832 | 27,901 | 33,543 | 30,966 | 25,977 | 21,260 | 14,412 | 9,794 |
Proceeds from sales of property and equipment | ||||||||||
- | - | - | - | - | 836 | 0 | 0 | 5 | 312 | 9 |
Other proceeds | ||||||||||
-750 | -2,998 | 0 | 0 | - | - | - | - | - | - | - |
Proceeds from note receivable | ||||||||||
- | - | - | - | 250 | 250 | 200 | 200 | 100 | 100 | 100 |
Net cash used in investing activities | ||||||||||
-17,751 | -4,415 | -19,653 | -21,832 | -27,651 | -32,457 | -30,766 | -25,777 | -21,155 | -14,000 | -9,685 |
Cash Flow From Financing Activities | ||||||||||
Borrowings under line of credit | ||||||||||
20,000 | 0 | 88,600 | 0 | 0 | - | - | - | - | - | - |
Payments on line of credit | ||||||||||
20,000 | 0 | 88,600 | 0 | 0 | - | - | - | - | - | - |
Proceeds from issuance of stock | ||||||||||
182 | 177 | 259 | 223 | 391 | 287 | 278 | 2,420 | 2,654 | 738 | 1,148 |
Dividends paid | ||||||||||
5,671 | 4,763 | 4,819 | 5,028 | 5,037 | 4,828 | 4,867 | 23,460 | 0 | 0 | - |
Excess tax benefits from stock-based compensation | ||||||||||
- | - | - | 3 | 90 | 55 | 185 | 837 | 1,254 | 520 | 385 |
Purchase of common stock for treasury | ||||||||||
37,768 | 46,046 | 29,798 | 42,604 | 18,824 | 7,533 | 0 | 4,675 | 0 | 0 | 394 |
Shares surrendered by employees to pay taxes on restricted stock | ||||||||||
11,060 | 327 | 1,027 | 421 | 86 | 55 | 953 | 41 | 3,219 | 656 | - |
Net cash used in financing activities | ||||||||||
-54,317 | -50,959 | -35,385 | -47,827 | -23,466 | -12,074 | -5,357 | -24,919 | 689 | 602 | 1,139 |
Net (decrease) increase in cash and cash equivalents | ||||||||||
-5,122 | 18,767 | -14,690 | -5,870 | 7,438 | 13,123 | 2,497 | -24,846 | 10,409 | 16,025 | 19,351 |
Supplemental disclosures of cash flow information: | ||||||||||
Cash paid during year for interest | ||||||||||
192 | 150 | 292 | 170 | 168 | 166 | 179 | 270 | 264 | 252 | -181 |
Cash paid during year for income taxes | ||||||||||
9,805 | 13,419 | 16,832 | 14,696 | 20,020 | 17,618 | 16,892 | 22,793 | 10,930 | 17,433 | -7,216 |
Capital expenditures incurred but not yet paid | ||||||||||
1,377 | 130 | 783 | 168 | 677 | 1,596 | 2,034 | 1,562 | 2,825 | 2,123 | -264 |
Forgiveness of accounts payable from litigation settlement | ||||||||||
- | - | - | - | - | - | - | - | - | - | -1,160 |
Recording of note receivable from litigation settlement | ||||||||||
- | - | - | - | - | - | - | - | - | - | -1,200 |