Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF EARNINGS

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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Feb. 02, 2019
Feb. 03, 2018
Jan. 28, 2017
Net sales:      
Total net sales $ 3,239,902 $ 3,304,346 $ 3,378,703
Cost of sales:      
Total cost of sales 1,862,435 1,895,580 1,937,235
Gross margin:      
Total gross margin 1,377,467 1,408,766 1,441,468
Advertising expense 166,457 173,411 189,956
Selling, general and administrative expenses 974,054 1,000,892 1,099,328
Goodwill impairment charge 23,991 1,500  
Asset impairment charges 1,026 3,547 19,358
Operating income 211,939 229,416 132,826
Interest income 563 564 167
Interest expense (79,573) (100,471) (103,149)
(Loss) gain on extinguishment of debt, net (30,253) 5,445 1,737
Earnings before income taxes 102,676 134,954 31,581
Provision for income taxes 19,436 38,251 6,625
Net earnings $ 83,240 $ 96,703 $ 24,956
Net earnings per common share:      
Basic (in dollars per share) $ 1.67 $ 1.97 $ 0.51
Diluted (in dollars per share) $ 1.64 $ 1.95 $ 0.51
Weighted-average common shares outstanding:      
Basic (in shares) 49,856 49,094 48,607
Diluted (in shares) 50,725 49,468 48,786
Retail Segment      
Net sales:      
Total net sales $ 3,004,511 $ 3,053,021 $ 3,098,401
Cost of sales:      
Total cost of sales 1,691,963 1,710,060 1,744,605
Gross margin:      
Retail Clothing Product Gross Margin 1,360,655 1,355,551 1,352,283
Rental services 339,903 358,382 374,680
Alteration and other services 18,027 45,009 58,131
Occupancy costs (406,037) (415,981) (431,298)
Total gross margin 1,312,548 1,342,961 1,353,796
Goodwill impairment charge   1,500  
Asset impairment charges   3,500 16,500
Corporate Apparel Segment      
Net sales:      
Total net sales 235,391 251,325 280,302
Cost of sales:      
Total cost of sales 170,472 185,520 192,630
Gross margin:      
Total gross margin 64,919 65,805 87,672
Goodwill impairment charge 23,991    
Retail clothing product | Retail Segment      
Net sales:      
Total net sales 2,454,747 2,439,817 2,445,922
Cost of sales:      
Total cost of sales 1,094,092 1,084,266 1,093,639
Rental services | Retail Segment      
Net sales:      
Total net sales 399,146 428,355 457,444
Cost of sales:      
Total cost of sales 59,243 69,973 82,764
Total alteration and other services | Retail Segment      
Net sales:      
Total net sales 150,618 184,849 195,035
Cost of sales:      
Total cost of sales 132,591 139,840 136,904
Occupancy costs | Retail Segment      
Cost of sales:      
Total cost of sales $ 406,037 $ 415,981 $ 431,298