Quarterly report pursuant to sections 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS

v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
May 03, 2014
May 04, 2013
Net sales:    
Total net sales $ 630,474 $ 616,536
Cost of sales:    
Total cost of sales 347,110 338,616
Gross margin:    
Total gross margin 283,364 277,920
Selling, general and administrative expenses 256,083 225,367
Operating income 27,281 52,553
Interest income 61 121
Interest expense (1,135) (344)
Earnings before income taxes 26,207 52,330
Provision for income taxes 9,749 19,374
Net earnings including non-controlling interest 16,458 32,956
Net loss attributable to non-controlling interest 28 135
Net earnings attributable to common shareholders 16,486 33,091
Net earnings per common share attributable to common shareholders:    
Basic (in dollars per share) $ 0.34 $ 0.65
Diluted (in dollars per share) $ 0.34 $ 0.65
Weighted-average common shares outstanding:    
Basic (in shares) 47,607 50,607
Diluted (in shares) 47,974 50,788
Cash dividends declared per common share (in dollars per share) $ 0.18 $ 0.18
Retail Segment
   
Net sales:    
Retail clothing product 433,024 423,737
Tuxedo rental services 101,663 98,482
Alteration and other services 38,962 37,962
Total net sales 573,649 560,181
Cost of sales:    
Retail clothing product 191,477 185,483
Tuxedo rental services 15,317 14,498
Alteration and other services 27,722 28,418
Occupancy costs 72,847 71,274
Total cost of sales 307,363 299,673
Gross margin:    
Retail clothing product 241,547 238,254
Tuxedo rental services 86,346 83,984
Alteration and other services 11,240 9,544
Occupancy costs (72,847) (71,274)
Total gross margin 266,286 260,508
Operating income 26,525 51,470
Corporate Apparel Segment
   
Net sales:    
Total net sales 56,825 56,355
Cost of sales:    
Total cost of sales 39,747 38,943
Gross margin:    
Total gross margin 17,078 17,412
Operating income $ 756 $ 1,083