| Dec'19 | Dec'18 | Dec'17 | Jan'17 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||||
Net income | ||||||||
149,629 | 158,536 | 158,440 | 124,306 | 128,991 | 107,692 | 51,326 | 19,500 | -27,445 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
Depreciation and amortization expense | ||||||||
122,804 | 110,749 | 96,987 | 80,723 | 69,169 | 60,362 | 47,217 | 35,773 | 54,645 |
Operating lease asset amortization | ||||||||
81,842 | - | - | - | - | - | - | - | - |
Accretion of asset retirement obligation and closed store reserve | ||||||||
- | - | - | - | 344 | 844 | 322 | 237 | 36 |
Amortization of financing fees and debt issuance costs | ||||||||
- | - | - | 463 | 742 | 1,494 | 2,482 | 2,590 | 1,546 |
Loss on disposal of property and equipment | ||||||||
- | - | - | -439 | -1,512 | -1,087 | -449 | -2,704 | - |
Store closure and other costs | ||||||||
4,113 | 4,115 | - | - | - | - | - | - | - |
Gain on sale of intangible assets | ||||||||
- | - | - | - | - | 100 | 19 | 134 | - |
Share-based compensation | ||||||||
8,949 | 14,512 | 14,221 | 13,399 | 8,018 | 5,355 | 5,780 | 4,653 | 3,774 |
Loss on extinguishment of debt | ||||||||
- | - | - | - | -5,481 | -1,138 | - | - | - |
Non-cash loss on extinguishment of debt | ||||||||
- | - | - | - | - | - | 18,513 | 992 | - |
Deferred income taxes | ||||||||
-216 | 23,333 | 7,803 | 20,663 | 15,581 | 16,432 | 13,731 | 13,853 | -19,753 |
Other non-cash items | ||||||||
-4,136 | -1,482 | -2,086 | - | - | - | - | - | - |
Changes in operating assets and liabilities: | ||||||||
Accounts receivable | ||||||||
-36,062 | 7,666 | 4,920 | 4,803 | 5,622 | 4,424 | 1,521 | 2,861 | -1,559 |
Inventories | ||||||||
11,612 | 34,824 | 25,079 | 39,030 | 22,641 | 24,537 | 19,875 | 1,442 | -1,837 |
Prepaid expenses and other current assets | ||||||||
-19,208 | 2,908 | 2,733 | -1,419 | 12,042 | 3,127 | 3,738 | -3,337 | 794 |
Other assets | ||||||||
1,275 | 5,086 | 114 | -13,018 | 481 | 5,157 | 4,114 | 4,586 | -224 |
Accounts payable and other accrued liabilities | ||||||||
28,699 | 4,366 | 39,244 | 22,118 | 26,782 | - | - | - | - |
Accounts payable | ||||||||
- | - | - | - | - | -4,721 | 31,996 | -4,673 | 15,175 |
Accrued salaries and benefits | ||||||||
295 | 3,039 | 12,764 | 2,142 | 1,030 | 7,400 | 890 | 2,956 | 1,556 |
Operating lease liabilities | ||||||||
-88,002 | - | - | - | - | - | - | - | - |
Other accrued liabilities and income taxes payable | ||||||||
- | - | - | - | - | 8,426 | 5,397 | 1,533 | 7,318 |
Other long-term liabilities | ||||||||
578 | 24,731 | 10,868 | 19,494 | 23,034 | 13,054 | 11,752 | 9,999 | 12,706 |
Cash flows from operating activities | ||||||||
355,210 | 294,379 | 309,567 | 254,351 | 239,898 | 181,218 | 160,588 | 84,431 | 52,384 |
Cash flows from investing activities | ||||||||
Purchases of property and equipment | ||||||||
183,232 | 177,083 | 198,624 | 181,018 | 125,313 | 127,065 | 87,463 | 46,485 | 27,594 |
Proceeds from sale of property and equipment | ||||||||
- | 1 | 30 | 706 | 2,708 | 294 | 1,000 | 9,657 | - |
Purchase of leasehold interests | ||||||||
- | - | - | 491 | 5,707 | - | - | - | - |
Proceeds from sale of intangible assets | ||||||||
- | - | - | - | - | 100 | 172 | - | - |
Payments for business combinations, net of cash acquired | ||||||||
- | - | - | - | - | - | - | 129,875 | 232,911 |
Cash flows used in investing activities | ||||||||
-183,232 | -177,082 | -198,594 | -180,803 | -128,312 | -126,671 | -86,291 | -166,703 | -260,505 |
Cash flows from financing activities | ||||||||
Proceeds from revolving credit facilities | ||||||||
265,405 | 233,000 | 153,000 | 105,000 | 260,000 | - | - | 3,000 | 23,000 |
Payments on revolving credit facilities | ||||||||
180,405 | 128,000 | 60,000 | 10,000 | 100,000 | - | - | 3,000 | 23,000 |
Borrowings on term loan, net of financing costs | ||||||||
- | - | - | - | - | - | 688,127 | 97,247 | 296,050 |
Payments on term loan | ||||||||
- | - | - | - | 261,250 | 57,000 | 786,850 | 2,575 | 2,325 |
Payments on capital and financing lease obligations | ||||||||
690 | 4,517 | 4,192 | 4,364 | 4,142 | - | - | - | - |
Borrowings on Senior Subordinated Notes | ||||||||
- | - | - | - | - | - | - | 35,000 | - |
Payments on Senior Subordinated Notes | ||||||||
- | - | - | - | - | - | 35,000 | - | - |
Payments on capital lease obligations | ||||||||
- | - | - | - | - | 585 | 412 | 439 | 272 |
Payments on financing lease obligations | ||||||||
- | - | - | - | - | 3,006 | 2,868 | 2,377 | 1,204 |
Payments of deferred financing costs | ||||||||
- | 2,131 | - | - | 1,896 | - | 1,370 | 401 | 3,023 |
Cash from landlord related to capital and financing lease obligations | ||||||||
- | 3,643 | 1,325 | - | - | - | - | - | - |
Payments of IPO costs | ||||||||
- | - | - | - | - | - | 4,212 | - | - |
Cash from landlords related to financing lease obligations | ||||||||
- | - | - | - | 419 | 577 | 4,581 | 2,942 | -1,886 |
Repurchase of common stock | ||||||||
176,310 | 258,307 | 203,392 | 294,265 | 25,735 | - | 113 | - | - |
Proceeds from the issuance of shares | ||||||||
- | - | - | - | - | - | 348,536 | 5,000 | - |
Proceeds from exercise of stock options | ||||||||
4,900 | 21,800 | 9,300 | 2,740 | 6,565 | 11,067 | 3,820 | 549 | - |
Payment to stockholders and optionholders | ||||||||
- | - | - | - | - | - | 295,921 | - | - |
Excess tax benefit for exercise of stock options | ||||||||
- | - | - | 3,737 | 20,009 | 47,261 | 17,826 | 143 | - |
Other | ||||||||
-319 | -59 | - | - | - | - | - | - | - |
Repurchase of shares | ||||||||
- | - | - | - | - | - | - | 148 | - |
Cash flows used in financing activities | ||||||||
-87,441 | -134,528 | -103,959 | -197,152 | -106,030 | -1,686 | -63,856 | 134,941 | 217,745 |
Increase in cash, cash equivalents, and restricted cash | ||||||||
84,537 | -17,231 | 7,014 | -123,604 | 5,556 | 52,861 | 10,441 | 52,669 | 9,624 |
Supplemental disclosure of cash flow information | ||||||||
Cash paid for interest | ||||||||
20,293 | 27,086 | 20,759 | 14,537 | 17,455 | 23,768 | 38,091 | 32,395 | 13,863 |
Cash paid for income taxes | ||||||||
44,637 | 15,527 | 33,475 | 46,083 | 40,656 | 8,250 | 1,276 | 1,626 | 3,421 |
Supplemental disclosure of non-cash investing and financing activities | ||||||||
Property and equipment in accounts payable | ||||||||
18,515 | 12,001 | 17,869 | 23,228 | 16,196 | 13,993 | 7,873 | 8,679 | 2,137 |
Property acquired through capital and financing lease obligations | ||||||||
- | 9,081 | 23,882 | 4,332 | 10,125 | 34,140 | 10,660 | 10,686 | 1,479 |
Issuance of shares in business combinations | ||||||||
- | - | - | - | - | - | - | 89,605 | 146,137 |
Deferred tax asset resulting from the business combinations | ||||||||
- | - | - | - | - | - | - | 1,896 | 47,589 |