Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF EARNINGS (LOSS)

v3.8.0.1
CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Feb. 03, 2018
Jan. 28, 2017
Jan. 30, 2016
Net sales:      
Total net sales $ 3,304,346 $ 3,378,703 $ 3,496,271
Cost of sales:      
Total cost of sales 1,895,580 1,937,235 2,011,848
Gross margin:      
Total gross margin 1,408,766 1,441,468 1,484,423
Advertising expense 173,411 189,956 204,985
Selling, general and administrative expenses 1,000,892 1,099,328 1,085,900
Goodwill and intangible asset impairment charges 1,500   1,243,354
Asset impairment charges 3,547 19,358 27,480
Operating income (loss) 229,416 132,826 (1,077,296)
Interest income 564 167 187
Interest expense (100,471) (103,149) (105,977)
Gain (loss) on extinguishment of debt, net 5,445 1,737 (12,675)
Earnings (loss) before income taxes 134,954 31,581 (1,195,761)
Provision (benefit) for income taxes 38,251 6,625 (169,042)
Net earnings (loss) $ 96,703 $ 24,956 $ (1,026,719)
Net earnings (loss) per common share allocated to common shareholders:      
Basic (in dollars per share) $ 1.97 $ 0.51 $ (21.26)
Diluted (in dollars per share) $ 1.95 $ 0.51 $ (21.26)
Weighted-average common shares outstanding:      
Basic (in shares) 49,094 48,607 48,288
Diluted (in shares) 49,468 48,786 48,288
Retail Segment      
Net sales:      
Retail clothing product $ 2,439,817 $ 2,445,922 $ 2,599,934
Rental services 428,355 457,444 443,290
Alteration and other services 184,849 195,035 209,250
Total net sales 3,053,021 3,098,401 3,252,474
Cost of sales:      
Retail clothing product 1,084,266 1,093,639 1,160,323
Rental services 69,973 82,764 76,726
Alteration and other services 139,840 136,904 145,852
Occupancy costs 415,981 431,298 455,486
Total cost of sales 1,710,060 1,744,605 1,838,387
Gross margin:      
Retail clothing product 1,355,551 1,352,283 1,439,611
Rental services 358,382 374,680 366,564
Alteration and other services 45,009 58,131 63,398
Occupancy costs (415,981) (431,298) (455,486)
Total gross margin 1,342,961 1,353,796 1,414,087
Asset impairment charges 3,500 16,500  
Corporate Apparel Segment      
Net sales:      
Total net sales 251,325 280,302 243,797
Cost of sales:      
Total cost of sales 185,520 192,630 173,461
Gross margin:      
Total gross margin $ 65,805 $ 87,672 $ 70,336