Annual report pursuant to Section 13 and 15(d)

Statements of Cash Flows

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Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Feb. 02, 2013
Jan. 28, 2012
Jan. 29, 2011
Operating activities      
Net income $ 172,549 $ 120,264 $ 71,030
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 88,233 75,931 64,936
Deferred income taxes 8,673 10,827 7,741
Non-cash stock compensation charges 13,375 11,605 11,155
Excess tax benefits from stock-based compensation (47,345) (25,899) (10,640)
Loss (gain) on disposal of property and equipment 1,074 1,324 (519)
Change in operating assets and liabilities:      
Receivables (15,362) (3,861) (8,815)
Merchandise inventories (116,478) (26,131) (11,568)
Prepaid expenses and other current assets (9,888) (10,640) (2,518)
Income taxes 53,397 40,585 (10,354)
Accounts payable 32,444 (651) 30,706
Accrued liabilities 13,789 (1,358) 14,535
Deferred rent 44,540 28,891 20,854
Net cash provided by operating activities 239,001 220,887 176,543
Investing activities      
Purchases of property and equipment (188,578) (128,636) (97,115)
Net cash used in investing activities (188,578) (128,636) (97,115)
Financing activities      
Dividends paid (62,482)    
Excess tax benefits from stock-based compensation 47,345 25,899 10,640
Stock options exercised 31,530 27,639 17,100
Common stock repurchased (79) (3,236)  
Net cash provided by financing activities 16,314 50,302 27,740
Net increase in cash and cash equivalents 66,737 142,553 107,168
Cash and cash equivalents at beginning of year 253,738 111,185 4,017
Cash and cash equivalents at end of year 320,475 253,738 111,185
Supplemental cash flow information      
Cash paid for income taxes (net of refunds) 45,354 24,162 49,871
Noncash investing and financing activities:      
Change in property and equipment included in accrued liabilities $ 6,803 $ (495) $ 2,540