v3.25.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
May 03, 2025
May 04, 2024
Operating activities:    
Net income $ 163,817 $ 180,038
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property and other deferred costs 44,853 46,516
Gain on disposal of assets (59) (267)
Accrued interest on short-term investments (3,237) (3,196)
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivable (1,235) 11,296
Increase in merchandise inventories (297,236) (293,685)
Decrease (increase) in other current assets 10,620 (9,887)
Decrease (increase) in other assets 1,101 (186)
Increase in trade accounts payable and accrued expenses and other liabilities 263,608 259,484
Increase in income taxes payable 50,400 54,265
Net cash provided by operating activities 232,632 244,378
Investing activities:    
Purchase of property and equipment and capitalized software (16,853) (35,175)
Proceeds from disposal of assets 186 323
Proceeds from insurance 1,521  
Purchase of short-term investments (212,389) (245,932)
Proceeds from maturities of short-term investments 282,813 50,000
Net cash provided by (used in) investing activities 55,278 (230,784)
Financing activities:    
Cash dividends paid (3,976) (4,056)
Purchase of treasury stock (98,001)  
Issuance cost of line of credit (3,283)  
Net cash used in financing activities (105,260) (4,056)
Increase in cash and cash equivalents 182,650 9,538
Cash and cash equivalents, beginning of period 717,854 808,287
Cash and cash equivalents, end of period 900,504 817,825
Non-cash transactions of investing and financing activities:    
Accrued capital expenditures 7,558 6,405
Stock awards 4  
Accrued purchases of treasury stock and excise taxes 979  
Lease assets obtained in exchange for new operating lease liabilities $ 1,784 $ 2,152