Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS

v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Aug. 04, 2018
Jul. 29, 2017
Aug. 04, 2018
Jul. 29, 2017
Net sales:        
Total net sales $ 823,430 $ 850,758 $ 1,641,394 $ 1,633,664
Cost of sales:        
Total cost of sales 454,528 454,062 927,268 904,528
Gross margin:        
Total gross margin 368,902 396,696 714,126 729,136
Advertising expense 38,661 39,888 79,894 82,140
Selling, general and administrative expenses 242,255 248,343 493,349 507,529
Operating (loss) income 87,986 108,465 140,883 139,467
Interest income 122 98 207 165
Interest expense (20,864) (25,167) (42,845) (50,788)
(Loss) gain on extinguishment of debt, net (8,122) 3,281 (20,833) 3,996
(Loss) earnings before income taxes 59,122 86,677 77,412 92,840
Provision for income taxes 9,884 28,206 14,265 32,530
Net earnings (loss) $ 49,238 $ 58,471 $ 63,147 $ 60,310
Net earnings per common share:        
Basic (in dollars per share) $ 0.99 $ 1.19 $ 1.27 $ 1.23
Diluted (in dollars per share) $ 0.97 $ 1.19 $ 1.24 $ 1.23
Weighted-average common shares outstanding:        
Basic (in shares) 49,840 49,107 49,649 48,958
Diluted (in shares) 50,851 49,172 50,785 49,162
Cash dividends declared per common share (in dollars per share) $ 0.18 $ 0.18 $ 0.36 $ 0.36
Retail Segment        
Net sales:        
Total net sales $ 767,914 $ 792,998 $ 1,522,757 $ 1,518,303
Cost of sales:        
Total cost of sales 413,912 410,989 839,986 819,597
Gross margin:        
Total gross margin 354,002 382,009 682,771 698,706
Corporate Apparel Segment        
Net sales:        
Total net sales 55,516 57,760 118,637 115,361
Cost of sales:        
Total cost of sales 40,616 43,073 87,282 84,931
Gross margin:        
Total gross margin 14,900 14,687 31,355 30,430
Retail clothing product | Retail Segment        
Net sales:        
Total net sales 605,788 594,994 1,219,432 1,178,579
Cost of sales:        
Total cost of sales 259,025 248,630 535,245 501,509
Gross margin:        
Total gross margin 346,763 346,364 684,187 677,070
Rental services | Retail Segment        
Net sales:        
Total net sales 125,095 151,978 225,322 246,798
Cost of sales:        
Total cost of sales 19,366 23,957 34,023 40,125
Gross margin:        
Total gross margin 105,729 128,021 191,299 206,673
Total alteration and other services | Retail Segment        
Net sales:        
Total net sales 37,031 46,026 78,003 92,926
Cost of sales:        
Total cost of sales 33,749 35,076 67,927 69,548
Gross margin:        
Total gross margin 3,282 10,950 10,076 23,378
Occupancy costs | Retail Segment        
Cost of sales:        
Total cost of sales 101,772 103,326 202,791 208,415
Gross margin:        
Total gross margin $ (101,772) $ (103,326) $ (202,791) $ (208,415)