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
Jan. 28, 2012
Jan. 29, 2011
Jan. 30, 2010
Operating activities      
Net income $ 120,264 $ 71,030 $ 39,356
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 75,931 64,936 62,166
Deferred income taxes 10,827 7,741 3,143
Non-cash stock compensation charges 11,605 11,155 5,949
Excess tax benefits from stock-based compensation (25,899) (10,640) (476)
Loss (gain) on disposal of property and equipment 1,324 (519) (51)
Change in operating assets and liabilities:      
Receivables (3,861) (8,815) 4,791
Merchandise inventories (26,131) (11,568) 6,654
Prepaid expenses and other current assets (10,640) (2,518) (5,978)
Income taxes 40,585 (10,354) 19,885
Accounts payable (651) 30,706 8,576
Accrued liabilities (1,358) 14,535 16,382
Deferred rent 28,891 20,854 12,430
Net cash provided by operating activities 220,887 176,543 172,827
Investing activities      
Purchases of property and equipment (128,636) (97,115) (68,105)
Net cash used in investing activities (128,636) (97,115) (68,105)
Financing activities      
Stock options exercised 27,639 17,100 1,228
Excess tax benefits from stock-based compensation 25,899 10,640 476
Common stock repurchased (3,236)    
Proceeds on long-term borrowings     1,161,673
Payments on long-term borrowings     (1,267,720)
Net cash provided by (used in) financing activities 50,302 27,740 (104,343)
Net increase in cash and cash equivalents 142,553 107,168 379
Cash and cash equivalents at beginning of year 111,185 4,017 3,638
Cash and cash equivalents at end of year 253,738 111,185 4,017
Supplemental cash flow information      
Cash paid for interest     2,440
Cash paid for income taxes (net of refunds) 24,162 49,871 3,706
Noncash investing and financing activities:      
Change in property and equipment included in accrued liabilities (495) 2,540 (7,353)
Unrealized gain on interest rate swap hedge, net of tax     $ 631