Annual report pursuant to section 13 and 15(d)

Consolidated Statements of Earnings

v2.4.0.6
Consolidated Statements of Earnings (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Jan. 28, 2012
Jan. 29, 2011
Jan. 30, 2010
Net sales:      
Retail clothing product $ 1,619,671 $ 1,480,492 $ 1,433,913
Tuxedo rental services 376,857 364,269 334,068
Alteration and other services 142,665 131,605 128,121
Total retail sales 2,139,193 1,976,366 1,896,102
Corporate apparel clothing product sales 243,491 126,298 13,473
Total net sales 2,382,684 2,102,664 1,909,575
Cost of sales:      
Retail clothing product 723,658 681,817 658,031
Tuxedo rental services 52,621 56,067 57,417
Alteration and other services 107,836 98,126 94,589
Occupancy costs 273,300 276,688 289,672
Total retail cost of sales 1,157,415 1,112,698 1,099,709
Corporate apparel clothing product cost of sales 176,342 91,533 10,968
Total cost of sales 1,333,757 1,204,231 1,110,677
Gross margin:      
Retail clothing product 896,013 798,675 775,882
Tuxedo rental services 324,236 308,202 276,651
Alteration and other services 34,829 33,479 33,532
Occupancy costs (273,300) (276,688) (289,672)
Total retail gross margin 981,778 863,668 796,393
Corporate apparel clothing product gross margin 67,149 34,765 2,505
Total gross margin 1,048,927 898,433 798,898
Asset impairment charges 2,042 5,854 19,473
Selling, general and administrative expenses 861,453 790,908 710,049
Operating income 185,432 101,671 69,376
Interest income 424 315 912
Interest expense (1,446) (1,456) (1,244)
Earnings before income taxes 184,410 100,530 69,044
Provision for income taxes 63,944 32,852 22,829
Net earnings including noncontrolling interest 120,466 67,678 46,215
Net loss attributable to noncontrolling interest 135 19  
Net earnings attributable to common shareholders $ 120,601 $ 67,697 $ 46,215
Net earnings per common share attributable to common shareholders (Note 3):      
Basic $ 2.32 $ 1.27 $ 0.88
Diluted $ 2.30 $ 1.27 $ 0.88
Weighted average common shares outstanding (Note 3):      
Basic 51,423 52,647 52,130
Diluted 51,692 52,853 52,280