Quarterly Financial Data (Unaudited)

12 Months Ended

Feb. 01, 2020

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY FINANCIAL DATA (UNAUDITED)

The following tables set forth certain unaudited consolidated financial data for the quarters indicated (dollar amounts in thousands, except per share amounts):


	Fiscal Year Ended February 1, 2020
	First (13 weeks)		Second (13 weeks)		Third (13 weeks)		Fourth (13 weeks)
Net sales	$	343,295	$	252,440	$	275,475	$	313,024
Gross margin	$	118,603	$	76,373	$	90,168	$	98,743
Operating income (loss)	$	37,342	$	(11,641)	$	2,624	$	7,793
Net income (loss)	$	27,857	$	(8,778)	$	2,265	$	6,001

Basic earnings (loss) per share	$	1.52	$	(0.49)	$	0.13	$	0.35
Diluted earnings (loss) per share	$	1.50	$	(0.49)	$	0.13	$	0.34


	Fiscal Year Ended February 2, 2019
	First (13 weeks)		Second (13 weeks)		Third (13 weeks)		Fourth (14 weeks)
Net sales	$	274,707	$	211,123	$	216,888	$	305,964
Gross margin	$	96,773	$	66,351	$	70,512	$	95,099
Operating income (loss)	$	28,621	$	(1,885)	$	1,842	$	8,963
Net income (loss)	$	21,509	$	(1,222)	$	1,499	$	6,634

Basic earnings (loss) per share	$	1.13	$	(0.06)	$	0.08	$	0.36
Diluted earnings (loss) per share	$	1.12	$	(0.06)	$	0.08	$	0.36

Quarterly gross margin in Fiscal 2020 will not foot to the fiscal gross margin amount in our audited consolidated statement of operations due to a reclassification of certain store occupancy costs between SG&A and gross margin in the third quarter. This reclassification had no impact on net sales, net income or earnings per share. In the opinion of our management, this unaudited information has been prepared on the same basis as the audited information. The operating results from any quarter are not necessarily indicative of the results to be expected for any future period.