Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS

v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Apr. 29, 2017
Apr. 30, 2016
Net sales:    
Total net sales $ 782,906 $ 828,822
Cost of sales:    
Total cost of sales 450,466 476,981
Gross margin:    
Total gross margin 332,440 351,841
Advertising expense 42,252 47,928
Selling, general and administrative expenses 259,186 272,918
Operating income 31,002 30,995
Interest income 67 13
Interest expense (25,621) (26,502)
Gain on extinguishment of debt, net 715  
Earnings (loss) before income taxes 6,163 4,506
Provision (benefit) for income taxes 4,324 2,869
Net earnings $ 1,839 $ 1,637
Net earnings (loss) per common share allocated to common shareholders:    
Basic (in dollars per share) $ 0.04 $ 0.03
Diluted (in dollars per share) $ 0.04 $ 0.03
Weighted-average common shares outstanding:    
Basic (in shares) 48,808 48,446
Diluted (in shares) 49,151 48,621
Cash dividends declared per common share (in dollars per share) $ 0.18 $ 0.18
Retail Segment    
Net sales:    
Retail clothing product $ 583,585 $ 615,668
Rental services 94,820 99,831
Alteration and other services 46,900 50,743
Total net sales 725,305 766,242
Cost of sales:    
Retail clothing product 252,879 270,355
Rental services 16,168 15,884
Alteration and other services 34,472 36,150
Occupancy costs 105,089 110,135
Total cost of sales 408,608 432,524
Gross margin:    
Retail clothing product 330,706 345,313
Rental services 78,652 83,947
Alteration and other services 12,428 14,593
Occupancy costs (105,089) (110,135)
Total gross margin 316,697 333,718
Corporate Apparel Segment    
Net sales:    
Total net sales 57,601 62,580
Cost of sales:    
Total cost of sales 41,858 44,457
Gross margin:    
Total gross margin $ 15,743 $ 18,123