Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Apr. 29, 2017
Apr. 30, 2016
Operating activities    
Net income $ 128,223 $ 91,976
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 62,476 47,887
Deferred income taxes 268 450
Non-cash stock compensation charges 5,491 4,022
Excess tax benefits from stock-based compensation   (3,203)
Loss on disposal of property and equipment 1,637 812
Change in operating assets and liabilities:    
Receivables 25,695 10,880
Merchandise inventories (104,456) (81,697)
Prepaid expenses and other current assets (1,259) 987
Income taxes 45,550 40,657
Accounts payable 59,834 70,104
Accrued liabilities (54,329) (25,664)
Deferred rent 6,287 8,332
Other assets and liabilities 327 1,388
Net cash provided by operating activities 175,744 166,931
Investing activities    
Purchases of short-term investments (120,000)  
Purchases of property and equipment (76,754) (54,321)
Net cash used in investing activities (196,754) (54,321)
Financing activities    
Repurchase of common shares (51,597) (226,666)
Stock options exercised 11,831 6,209
Excess tax benefits from stock-based compensation   3,203
Purchase of treasury shares (2,509) (1,942)
Net cash used in financing activities (42,275) (219,196)
Net decrease in cash and cash equivalents (63,285) (106,586)
Cash and cash equivalents at beginning of period 385,010 345,840
Cash and cash equivalents at end of period 321,725 239,254
Supplemental cash flow information    
Cash paid for income taxes (net of refunds) 14,442 14,154
Non-cash investing activities:    
Change in property and equipment included in accrued liabilities $ 3,854 $ 17,613