Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS

v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Oct. 28, 2017
Oct. 29, 2016
Oct. 28, 2017
Oct. 29, 2016
Net sales:        
Total net sales $ 810,818 $ 846,934 $ 2,444,482 $ 2,585,440
Cost of sales:        
Total cost of sales 452,061 469,728 1,356,589 1,446,089
Gross margin:        
Total gross margin 358,757 377,206 1,087,893 1,139,351
Advertising expense 38,664 45,656 120,804 138,547
Selling, general and administrative expenses 243,466 270,494 750,995 849,122
Operating (loss) income 76,627 61,056 216,094 151,682
Interest income 159 52 324 102
Interest expense (24,412) (25,476) (75,200) (77,853)
Gain on extinguishment of debt, net 2,539 1,808 6,535 1,737
Earnings (loss) before income taxes 54,913 37,440 147,753 75,668
Provision (benefit) for income taxes 18,021 9,007 50,551 20,623
Net earnings (loss) $ 36,892 $ 28,433 $ 97,202 $ 55,045
Net earnings per common share allocated to common shareholders:        
Basic (in dollars per share) $ 0.75 $ 0.58 $ 1.98 $ 1.13
Diluted (in dollars per share) $ 0.75 $ 0.58 $ 1.97 $ 1.13
Weighted-average common shares outstanding:        
Basic (in shares) 49,206 48,655 49,040 48,570
Diluted (in shares) 49,430 48,812 49,251 48,691
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 $ 575,203 $ 575,046 $ 1,753,782 $ 1,806,660
Rental services 126,410 138,724 373,208 403,564
Alteration and other services 45,909 49,919 138,835 149,888
Total net sales 747,522 763,689 2,265,825 2,360,112
Cost of sales:        
Retail clothing product 247,293 247,978 748,802 796,215
Rental services 20,455 22,958 60,580 65,943
Alteration and other services 34,138 33,526 103,686 104,085
Occupancy costs 103,579 108,923 311,994 327,673
Total cost of sales 405,465 413,385 1,225,062 1,293,916
Gross margin:        
Retail clothing product 327,910 327,068 1,004,980 1,010,445
Rental services 105,955 115,766 312,628 337,621
Alteration and other services 11,771 16,393 35,149 45,803
Occupancy costs (103,579) (108,923) (311,994) (327,673)
Total gross margin 342,057 350,304 1,040,763 1,066,196
Corporate Apparel Segment        
Net sales:        
Total net sales 63,296 83,245 178,657 225,328
Cost of sales:        
Total cost of sales 46,596 56,343 131,527 152,173
Gross margin:        
Total gross margin $ 16,700 $ 26,902 $ 47,130 $ 73,155