Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (LOSS)

v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Oct. 29, 2016
Oct. 31, 2015
Oct. 29, 2016
Oct. 31, 2015
Net sales:        
Total net sales $ 846,934 $ 865,446 $ 2,585,440 $ 2,670,609
Cost of sales:        
Total cost of sales 469,728 492,455 1,446,089 1,497,385
Gross margin:        
Total gross margin 377,206 372,991 1,139,351 1,173,224
Advertising expense 45,656 47,991 138,547 143,628
Selling, general and administrative expenses 270,494 271,301 849,122 822,485
Tradename impairment charge   90,100   90,100
Operating income (loss) 61,056 (36,401) 151,682 117,011
Interest income 52 50 102 140
Interest expense (25,476) (26,457) (77,853) (79,475)
Gain (loss) on extinguishment of debt, net 1,808   1,737 (12,675)
Earnings (loss) before income taxes 37,440 (62,808) 75,668 25,001
Provision for income taxes 9,007 (35,654) 20,623 (5,993)
Net earnings (loss) $ 28,433 $ (27,154) $ 55,045 $ 30,994
Net earnings (loss) per common share allocated to common shareholders:        
Basic (in dollars per share) $ 0.58 $ (0.56) $ 1.13 $ 0.64
Diluted (in dollars per share) $ 0.58 $ (0.56) $ 1.13 $ 0.64
Weighted-average common shares outstanding:        
Basic (in shares) 48,655 48,339 48,570 48,258
Diluted (in shares) 48,812 48,339 48,691 48,513
Cash dividends declared per common share (in dollars per share) $ 0.18 $ 0.18 $ 0.54 $ 0.54
Retail Segment        
Net sales:        
Retail clothing product $ 575,046 $ 615,874 $ 1,806,660 $ 1,931,926
Rental services 138,724 132,443 403,564 392,621
Alteration and other services 49,919 53,070 149,888 160,024
Total net sales 763,689 801,387 2,360,112 2,484,571
Cost of sales:        
Retail clothing product 247,978 274,348 796,215 850,782
Rental services 22,958 21,431 65,943 62,866
Alteration and other services 33,526 36,260 104,085 109,528
Occupancy costs 108,923 114,629 327,673 341,980
Total cost of sales 413,385 446,668 1,293,916 1,365,156
Gross margin:        
Retail clothing product 327,068 341,526 1,010,445 1,081,144
Rental services 115,766 111,012 337,621 329,755
Alteration and other services 16,393 16,810 45,803 50,496
Occupancy costs (108,923) (114,629) (327,673) (341,980)
Total gross margin 350,304 354,719 1,066,196 1,119,415
Corporate Apparel Segment        
Net sales:        
Total net sales 83,245 64,059 225,328 186,038
Cost of sales:        
Total cost of sales 56,343 45,787 152,173 132,229
Gross margin:        
Total gross margin $ 26,902 $ 18,272 $ 73,155 $ 53,809