Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF EARNINGS (LOSS)

v3.6.0.2
CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jan. 28, 2017
Jan. 30, 2016
Jan. 31, 2015
Net sales:      
Total net sales $ 3,378,703 $ 3,496,271 $ 3,252,548
Cost of sales:      
Total cost of sales 1,937,235 2,011,848 1,893,934
Gross margin:      
Total gross margin 1,441,468 1,484,423 1,358,614
Advertising expense 189,956 204,985 168,266
Selling, general and administrative expenses 1,099,328 1,085,900 1,116,836
Goodwill and intangible asset impairment charges   1,243,354  
Asset impairment charges 19,358 27,480 302
Operating income (loss) 132,826 (1,077,296) 73,210
Interest income 167 187 356
Interest expense (103,149) (105,977) (66,032)
Gain (loss) on extinguishment of debt, net 1,737 (12,675) (2,158)
Earnings (loss) before income taxes 31,581 (1,195,761) 5,376
Provision (benefit) for income taxes 6,625 (169,042) 5,471
Net earnings (loss) including non-controlling interest 24,956 (1,026,719) (95)
Net earnings attributable to non-controlling interest     (292)
Net earnings (loss) $ 24,956 $ (1,026,719) $ (387)
Net earnings (loss) per common share allocated to common shareholders:      
Basic (in dollars per share) $ 0.51 $ (21.26) $ (0.01)
Diluted (in dollars per share) $ 0.51 $ (21.26) $ (0.01)
Weighted-average common shares outstanding:      
Basic (in shares) 48,607 48,288 47,899
Diluted (in shares) 48,786 48,288 47,899
Retail Segment      
Net sales:      
Retail clothing product $ 2,445,922 $ 2,599,934 $ 2,365,463
Rental services 457,444 443,290 442,866
Alteration and other services 195,035 209,250 186,843
Total net sales 3,098,401 3,252,474 2,995,172
Cost of sales:      
Retail clothing product 1,093,639 1,160,323 1,098,550
Rental services 82,764 76,726 84,978
Alteration and other services 136,904 145,852 134,227
Occupancy costs 431,298 455,486 395,521
Total cost of sales 1,744,605 1,838,387 1,713,276
Gross margin:      
Retail clothing product 1,352,283 1,439,611 1,266,913
Rental services 374,680 366,564 357,888
Alteration and other services 58,131 63,398 52,616
Occupancy costs (431,298) (455,486) (395,521)
Total gross margin 1,353,796 1,414,087 1,281,896
Asset impairment charges 16,500    
Corporate Apparel Segment      
Net sales:      
Total net sales 280,302 243,797 257,376
Cost of sales:      
Total cost of sales 192,630 173,461 180,658
Gross margin:      
Total gross margin $ 87,672 $ 70,336 $ 76,718