Cash flows from ( used for ) investing activities
Cash paid for capital additions ......................................... ( 46,750 ) ( 47,659 ) ( 18,481 )
Proceeds from sale of subsidiary ....................................... — 12,350 —
Net cash flows used for investing activities ........................... ( 46,750 ) ( 35,309 ) ( 18,481 )
Cash flows from ( used for ) financing activities
Proceeds from short-term debt ........................................... 6,505 21,242 1,876
Purchases of treasury stock ............................................... ( 35,557 ) ( 45,899 ) ( 30,143 )
Issuance of treasury stock ................................................. 1,845 409 604
Net cash flows used for financing activities .......................... ( 27,207 ) ( 24,248 ) ( 27,663 )
Net increase ( decrease ) in cash and cash equiv .................... $ 303 $ ( 86,489 ) $ 75,651
Beginning cash and cash equivalents ................................... 6,338 92,827 17,176
Ending cash and cash equivalents ........................................ $ 6,641 $ 6,338 $ 92,827
Required :
a . Lands ’ End recently implemented a strategy of filling nearly all orders when the order is placed . In what year do
you believe the company implemented this strategy and how is the strategy reflected in the information contained