Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF (LOSS) EARNINGS

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CONDENSED CONSOLIDATED STATEMENTS OF (LOSS) EARNINGS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Oct. 31, 2015
Nov. 01, 2014
Oct. 31, 2015
Nov. 01, 2014
Net sales:        
Total net sales $ 865,446 $ 890,637 $ 2,670,609 $ 2,324,189
Cost of sales:        
Total cost of sales 492,455 521,432 1,497,385 1,313,078
Gross margin:        
Total gross margin 372,991 369,205 1,173,224 1,011,111
Advertising expense 47,991 42,075 143,628 109,072
Selling, general and administrative expenses 271,301 281,955 822,485 786,879
Tradename impairment charge 90,100   90,100  
Operating (loss) income (36,401) 45,175 117,011 115,160
Interest income 50 125 140 305
Interest expense (26,457) (25,131) (79,475) (39,459)
Loss on extinguishment of debt     (12,675) (2,158)
(Loss) earnings before income taxes (62,808) 20,169 25,001 73,848
(Benefit) provision for income taxes (35,654) 13,168 (5,993) 38,021
Net (loss) earnings including non-controlling interest (27,154) 7,001 30,994 35,827
Net earnings attributable to non-controlling interest   (208)   (292)
Net (loss) earnings attributable to common shareholders $ (27,154) $ 6,793 $ 30,994 $ 35,535
Net (loss) earnings per common share allocated to common shareholders:        
Basic (in dollars per share) $ (0.56) $ 0.14 $ 0.64 $ 0.74
Diluted (in dollars per share) $ (0.56) $ 0.14 $ 0.64 $ 0.74
Weighted-average common shares outstanding:        
Basic (in shares) 48,339 48,009 48,258 47,852
Diluted (in shares) 48,339 48,254 48,513 48,124
Cash dividends declared per common share (in dollars per share) $ 0.18 $ 0.18 $ 0.54 $ 0.54
Retail Segment        
Net sales:        
Retail clothing product $ 615,874 $ 634,447 $ 1,931,926 $ 1,598,199
Rental services 132,443 132,690 392,621 395,449
Alteration and other services 53,070 52,025 160,024 135,585
Total net sales 801,387 819,162 2,484,571 2,129,233
Cost of sales:        
Retail clothing product 274,348 287,309 850,782 722,140
Rental services 21,431 33,538 62,866 75,083
Alteration and other services 36,260 37,173 109,528 97,794
Occupancy costs 114,629 114,325 341,980 282,595
Total cost of sales 446,668 472,345 1,365,156 1,177,612
Gross margin:        
Retail clothing product 341,526 347,138 1,081,144 876,059
Rental services 111,012 99,152 329,755 320,366
Alteration and other services 16,810 14,852 50,496 37,791
Occupancy costs (114,629) (114,325) (341,980) (282,595)
Total gross margin 354,719 346,817 1,119,415 951,621
Operating (loss) income (38,971) 39,848 110,739 106,117
Corporate Apparel Segment        
Net sales:        
Total net sales 64,059 71,475 186,038 194,956
Cost of sales:        
Total cost of sales 45,787 49,087 132,229 135,466
Gross margin:        
Total gross margin 18,272 22,388 53,809 59,490
Operating (loss) income $ 2,570 $ 5,327 $ 6,272 $ 9,043