Quarterly report pursuant to Section 13 or 15(d)

Statements of Cash Flows (Unaudited)

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Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Apr. 28, 2012
Apr. 30, 2011
Operating activities    
Net income $ 34,868 $ 23,296
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 20,985 17,510
Deferred income taxes (513) (942)
Non-cash stock compensation charges 2,893 2,808
Excess tax benefits from stock-based compensation (16,550) (8,736)
Loss on disposal of property and equipment 255 477
Change in operating assets and liabilities:    
Receivables 3,825 6,658
Merchandise inventories (87,418) (37,031)
Prepaid expenses and other current assets 3,328 277
Income taxes 18,312 15,187
Accounts payable 25,447 (5,583)
Accrued liabilities (1,396) (14,271)
Deferred rent 8,510 4,787
Net cash provided by operating activities 12,546 4,437
Investing activities    
Purchases of property and equipment (24,799) (19,540)
Net cash used in investing activities (24,799) (19,540)
Financing activities    
Stock options exercised 8,310 11,993
Excess tax benefits from stock-based compensation 16,550 8,736
Net cash provided by financing activities 24,860 20,729
Net increase in cash and cash equivalents 12,607 5,626
Cash and cash equivalents at beginning of period 253,738 111,185
Cash and cash equivalents at end of period 266,345 116,811
Supplemental cash flow information    
Cash paid for income taxes (net of refunds) 4,864 1,346
Noncash investing and financing activities:    
Change in property and equipment included in accrued liabilities $ 4,360 $ 4,495