Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS

v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Nov. 01, 2014
Nov. 02, 2013
Nov. 01, 2014
Nov. 02, 2013
Net sales:        
Total net sales $ 890,637 $ 648,890 $ 2,324,189 $ 1,912,681
Cost of sales:        
Total cost of sales 521,432 355,388 1,313,078 1,032,465
Gross margin:        
Total gross margin 369,205 293,502 1,011,111 880,216
Advertising expense 42,075 22,630 109,072 68,584
Selling, general and administrative expenses 281,955 210,867 786,879 622,785
Goodwill impairment charge       9,501
Operating income 45,175 60,005 115,160 179,346
Interest income 125 30 305 332
Interest expense (25,131) (1,220) (39,459) (2,104)
Loss on extinguishment of debt     (2,158)  
Earnings before income taxes 20,169 58,815 73,848 177,574
Provision for income taxes 13,168 20,337 38,021 63,162
Net earnings including non-controlling interest 7,001 38,478 35,827 114,412
Net earnings attributable to non-controlling interest (208) (274) (292) (174)
Net earnings attributable to common shareholders. 6,793 38,204 35,535 114,238
Net earnings per common share attributable to common shareholders:        
Basic (in dollars per share) $ 0.14 $ 0.80 $ 0.74 $ 2.30
Diluted (in dollars per share) $ 0.14 $ 0.79 $ 0.74 $ 2.29
Weighted-average common shares outstanding:        
Basic (in shares) 48,009 47,536 47,852 49,329
Diluted (in shares) 48,254 47,873 48,124 49,598
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 634,447 415,985 1,598,199 1,248,405
Tuxedo rental services 132,690 122,177 395,449 368,360
Alteration and other services 52,025 37,363 135,585 112,381
Total net sales 819,162 575,525 2,129,233 1,729,146
Cost of sales:        
Retail clothing product 287,309 181,442 722,140 544,503
Tuxedo rental services 33,538 19,313 75,083 56,389
Alteration and other services 37,173 28,412 97,794 85,756
Occupancy costs 114,325 73,456 282,595 217,521
Total cost of sales 472,345 302,623 1,177,612 904,169
Gross margin:        
Retail clothing product 347,138 234,543 876,059 703,902
Tuxedo rental services 99,152 102,864 320,366 311,971
Alteration and other services 14,852 8,951 37,791 26,625
Occupancy costs (114,325) (73,456) (282,595) (217,521)
Total gross margin 346,817 272,902 951,621 824,977
Operating income 39,848 55,882 106,117 172,440
Corporate Apparel Segment
       
Net sales:        
Total net sales 71,475 73,365 194,956 183,535
Cost of sales:        
Total cost of sales 49,087 52,765 135,466 128,296
Gross margin:        
Total gross margin 22,388 20,600 59,490 55,239
Operating income $ 5,327 $ 4,123 $ 9,043 $ 6,906