Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Aug. 01, 2015
Aug. 02, 2014
Operating activities    
Net income $ 141,115 $ 110,747
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 76,738 62,372
Deferred income taxes 683 (642)
Non-cash stock compensation charges 7,578 7,603
Excess tax benefits from stock-based compensation (7,257) (1,423)
Loss on disposal of property and equipment 1,629 2,582
Change in operating assets and liabilities:    
Receivables 7,163 4,939
Merchandise inventories (124,431) (83,575)
Prepaid expenses and other current assets (528) (2,866)
Income taxes (14,030) (4,036)
Accounts payable 24,942 15,177
Accrued liabilities (10,812) 1,601
Deferred rent 21,804 19,718
Other assets and liabilities 1,102 1,031
Net cash provided by operating activities 125,696 133,228
Investing activities    
Purchases of short-term investments (50,000) (100,146)
Proceeds from short-term investments 50,000  
Purchases of property and equipment (137,218) (94,097)
Net cash used in investing activities (137,218) (194,243)
Financing activities    
Repurchase of common shares (73,753)  
Stock options exercised 15,561 4,510
Excess tax benefits from stock-based compensation 7,257 1,423
Purchase of treasury shares (1,478) (1,336)
Net cash (used in) provided by financing activities (52,413) 4,597
Net decrease in cash and cash equivalents (63,935) (56,418)
Cash and cash equivalents at beginning of period 389,149 419,476
Cash and cash equivalents at end of period 325,214 363,058
Supplemental cash flow information    
Cash paid for income taxes (net of refunds) 98,437 72,855
Non-cash investing activities:    
Change in property and equipment included in accrued liabilities $ 15,893 $ 22,010