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
 6 Months Ended
Jul. 28, 2012
Jul. 30, 2011
Operating activities    
Net income $ 69,866 $ 47,201
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 42,614 36,400
Deferred income taxes (978) (977)
Non-cash stock compensation charges 6,346 5,196
Excess tax benefits from stock-based compensation (27,788) (10,049)
Loss on disposal of property and equipment 447 402
Change in operating assets and liabilities:    
Receivables (6,126) 2,353
Merchandise inventories (72,087) (40,236)
Prepaid expenses and other current assets (2,915) (1,324)
Income taxes 11,096 21,216
Accounts payable 2,439 (5,713)
Accrued liabilities (9,705) (12,119)
Deferred rent 23,023 18,587
Net cash provided by operating activities 36,232 60,937
Investing activities    
Purchases of property and equipment (71,338) (52,679)
Net cash used in investing activities (71,338) (52,679)
Financing activities    
Dividends paid (62,482)  
Excess tax benefits from stock-based compensation 27,788 10,049
Stock options exercised 13,514 13,053
Common stock repurchased (51)  
Net cash (used in) provided by financing activities (21,231) 23,102
Net (decrease) increase in cash and cash equivalents (56,337) 31,360
Cash and cash equivalents at beginning of period 253,738 111,185
Cash and cash equivalents at end of period 197,401 142,545
Supplemental cash flow information    
Cash paid for income taxes (net of refunds) 34,903 10,960
Noncash investing and financing activities:    
Change in property and equipment included in accrued liabilities $ 15,801 $ 9,600