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 9 Months Ended
Nov. 03, 2018
Oct. 28, 2017
Nov. 03, 2018
Oct. 28, 2017
Net sales:        
Total net sales $ 812,747 $ 810,818 $ 2,454,141 $ 2,444,482
Cost of sales:        
Cost of sales 450,012 452,061 1,377,280 1,356,589
Gross margin:        
Total gross margin 362,735 358,757 1,076,861 1,087,893
Advertising expense 37,338 38,664 117,232 120,804
Selling, general and administrative expenses 246,305 243,466 739,654 750,995
Goodwill impairment charges 23,991   23,991  
Operating (loss) income 55,101 76,627 195,984 216,094
Interest income 207 159 414 324
Interest expense (18,757) (24,412) (61,602) (75,200)
(Loss) gain on extinguishment of debt, net (9,420) 2,539 (30,253) 6,535
Earnings before income taxes 27,131 54,913 104,543 147,753
Provision for income taxes 13,256 18,021 27,521 50,551
Net earnings (loss) $ 13,875 $ 36,892 $ 77,022 $ 97,202
Net earnings per common share:        
Basic (in dollars per share) $ 0.28 $ 0.75 $ 1.55 $ 1.98
Diluted (in dollars per share) $ 0.27 $ 0.75 $ 1.52 $ 1.97
Weighted-average common shares outstanding:        
Basic (in shares) 50,000 49,206 49,766 49,040
Diluted (in shares) 50,722 49,430 50,764 49,251
Cash dividends declared per common share (in dollars per share) $ 0.18 $ 0.18 $ 0.54 $ 0.54
Retail Segment        
Net sales:        
Total net sales $ 751,741 $ 747,522 $ 2,274,498 $ 2,265,825
Cost of sales:        
Cost of sales 405,620 405,465 1,245,606 1,225,062
Gross margin:        
Total gross margin 346,121 342,057 1,028,892 1,040,763
Corporate Apparel Segment        
Net sales:        
Total net sales 61,006 63,296 179,643 178,657
Cost of sales:        
Cost of sales 44,392 46,596 131,674 131,527
Gross margin:        
Total gross margin 16,614 16,700 47,969 47,130
Goodwill impairment charges     23,991  
Retail clothing product | Retail Segment        
Net sales:        
Total net sales 588,447 575,203 1,807,879 1,753,782
Cost of sales:        
Cost of sales 253,758 247,293 789,003 748,802
Gross margin:        
Total gross margin 334,689 327,910 1,018,876 1,004,980
Rental services | Retail Segment        
Net sales:        
Total net sales 124,697 126,410 350,019 373,208
Cost of sales:        
Cost of sales 17,319 20,455 51,342 60,580
Gross margin:        
Total gross margin 107,378 105,955 298,677 312,628
Total alteration and other services | Retail Segment        
Net sales:        
Total net sales 38,597 45,909 116,600 138,835
Cost of sales:        
Cost of sales 33,022 34,138 100,949 103,686
Gross margin:        
Total gross margin 5,575 11,771 15,651 35,149
Occupancy costs | Retail Segment        
Cost of sales:        
Cost of sales 101,521 103,579 304,312 311,994
Gross margin:        
Total gross margin $ (101,521) $ (103,579) $ (304,312) $ (311,994)