Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Feb. 01, 2014
Feb. 02, 2013
Jan. 28, 2012
Operating activities      
Net income $ 202,849 $ 172,549 $ 120,264
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 106,283 88,233 75,931
Deferred income taxes 3,868 8,673 10,827
Non-cash stock compensation charges 16,003 13,375 11,605
Excess tax benefits from stock-based compensation (13,378) (47,345) (25,899)
Loss on disposal of property and equipment 3,902 1,074 1,324
Change in operating assets and liabilities:      
Receivables (5,534) (15,362) (3,861)
Merchandise inventories (96,808) (116,478) (26,131)
Prepaid expenses and other current assets (5,541) (9,888) (10,640)
Income taxes 18,673 53,397 40,585
Accounts payable 29,396 32,444 (651)
Accrued liabilities 14,215 13,789 (1,358)
Deferred rent 53,627 44,540 28,891
Other assets and liabilities 170    
Net cash provided by operating activities 327,725 239,001 220,887
Investing activities      
Purchases of property and equipment (226,024) (188,578) (128,636)
Net cash used in investing activities (226,024) (188,578) (128,636)
Financing activities      
Repurchase of common shares (37,337)    
Dividends paid   (62,482)  
Excess tax benefits from stock-based compensation 13,378 47,345 25,899
Stock options exercised 21,890 31,530 27,639
Purchase of treasury shares (631) (79) (3,236)
Net cash (used in) provided by financing activities (2,700) 16,314 50,302
Net increase in cash and cash equivalents 99,001 66,737 142,553
Cash and cash equivalents at beginning of year 320,475 253,738 111,185
Cash and cash equivalents at end of year 419,476 320,475 253,738
Supplemental cash flow information      
Cash paid for income taxes (net of refunds) 101,598 45,354 24,162
Noncash investing and financing activities:      
Change in property and equipment included in accrued liabilities $ (3,161) $ 6,803 $ (495)