Annual report pursuant to Section 13 and 15(d)

QUARTERLY RESULTS OF OPERATIONS (Unaudited) (Tables)

v3.6.0.2
QUARTERLY RESULTS OF OPERATIONS (Unaudited) (Tables)
12 Months Ended
Jan. 28, 2017
QUARTERLY RESULTS OF OPERATIONS (Unaudited)  
Consolidated results of operations by quarter

The consolidated results of operations by quarter for fiscal 2016 and 2015 are presented below (in thousands, except per share amounts):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2016 Quarters Ended

 

 

 

April 30,

 

July 30,

 

October 29,

 

January 28,

 

 

    

2016 (1)

    

2016 (2)

    

2016 (3)

    

2017 (4)

 

Net sales

 

$

828,822

 

$

909,684

 

$

846,934

 

$

793,263

 

Gross margin

 

 

351,841

 

 

410,304

 

 

377,206

 

 

302,117

 

Net earnings (loss)

 

$

1,637

 

$

24,975

 

$

28,433

 

$

(30,089)

 

Net earnings (loss) per common share allocated to common shareholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic(5)

 

$

0.03

 

$

0.51

 

$

0.58

 

$

(0.62)

 

Diluted(5)

 

$

0.03

 

$

0.51

 

$

0.58

 

$

(0.62)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2015 Quarters Ended

 

 

 

May 2,

 

August 1,

 

October 31,

 

January 30,

 

 

    

2015 (6)

    

2015 (7)

    

2015 (8)

    

2016 (9)

 

Net sales

 

$

885,089

 

$

920,074

 

$

865,446

 

$

825,662

 

Gross margin

 

 

381,552

 

 

418,681

 

 

372,991

 

 

311,199

 

Net earnings (loss)

 

$

10,369

 

$

47,779

 

$

(27,154)

 

$

(1,057,713)

 

Net earnings (loss) per common share allocated to common shareholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic(5)

 

$

0.22

 

$

0.99

 

$

(0.56)

 

$

(21.86)

 

Diluted(5)

 

$

0.21

 

$

0.98

 

$

(0.56)

 

$

(21.86)

 


(1)

Includes pre-tax expenses of $16.5 million consisting primarily of restructuring and other charges of $13.2 million.

(2)

Includes pre-tax expenses of $39.4 million consisting primarily of restructuring and other charges of $35.0 million.

(3)

Includes pre-tax expenses of $12.3 million consisting primarily of restructuring and other charges of $10.9 million offset by a gain on extinguishment of debt of $1.8 million.

(4)

Includes pre-tax expenses of $28.2 million consisting primarily of asset impairment charges of $15.1 million and restructuring and other charges of $9.0 million. 

(5)

Due to the method of calculating weighted-average shares outstanding, the sum of the quarterly per share amounts may not equal net earnings (loss) per common share allocated to common shareholders for the respective years.

(6)

Includes pre-tax expenses of $3.6 million consisting primarily of separation costs with former executives and $5.9 million of integration costs related to Jos. A. Bank.  Also, includes loss on extinguishment of debt of $12.7 million.

(7)

Includes pre-tax expenses of $5.1 million primarily related to integration costs for Jos. A. Bank.

(8)

Includes pre-tax, non-cash tradename and other asset impairment charges of $91.5 million and $5.4 million of integration costs, primarily related to Jos. A. Bank partially offset by a $1.8 million pre-tax gain related to the sale of property.  See Note 3 for additional information.

(9)

Includes pre-tax, non-cash goodwill, intangible and other asset impairment charges of $1,179.0 million related to Jos. A. Bank, $12.8 million related to restructuring and other charges and $3.4 million of integration and other costs primarily related to Jos. A. Bank.  See Notes 3 and 4 for additional information.