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Quarterly Financial Information (Unaudited)
 12 Months Ended
Feb. 02, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information (Unaudited)
Quarterly Financial Information (Unaudited)

Summarized quarterly financial information for fiscal 2018 and 2017 is as follows (in thousands, except earnings per share data):
 
Fiscal 2018
 
 
First
Quarter
 
Second
Quarter
  
Third
Quarter
 
Fourth
Quarter
 
Net sales
$
1,909,719

 
$
2,177,488

  
$
1,857,273

 
$
2,492,090

 
Gross profit (1)
560,369

 
659,281


523,554

 
694,579

 
Income from operations (1)
87,332

 
162,527


52,866

 
142,009

 
Net income
60,085

 
119,397

 
37,827

 
102,555

 
Earnings per common share:
 
 
 
  
 
 
 
 
Basic (1)
$
0.59

 
$
1.21

  
$
0.39

 
$
1.09

 
Diluted (1)
$
0.59

 
$
1.20

  
$
0.39

 
$
1.07

 
Weighted average common shares outstanding:
 
 
 
  
 
 
 
 
Basic
101,384

 
98,716

  
96,677

 
94,193

 
Diluted
102,153

 
99,591

  
97,890

 
95,490

 
 
 
 
 
Fiscal 2017
 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter 
 
Net sales
$
1,825,252

 
$
2,156,911

  
$
1,944,187

 
$
2,664,122

 
Gross profit
541,865

 
637,222

  
534,120

 
775,853

 
Income from operations
90,068

 
159,190

 
50,001

 
178,315

 
Net income (1)
58,195

(2) 
112,385

(3) 
36,913

(4) 
115,951

(5) 
Earnings per common share:
 
 
 
 
 
 
 
 
Basic (1)
$
0.53

 
$
1.04

  
$
0.35

 
$
1.11

 
Diluted
$
0.52

 
$
1.03

  
$
0.35

 
$
1.11

 
Weighted average common shares outstanding:
 
 
 
 
 
 
 
 
Basic
110,441

 
108,175

  
105,466

 
104,052

 
Diluted
111,406

 
108,679

  
105,814

 
104,669

 
 
 
 
 
 
 
 
 
 


(1) 
Quarterly results for fiscal year do not add to full year results due to rounding.

(2) 
Included TSA conversion costs of $2.2 million.

(3) 
Included receipt of a contract termination payment totaling $12.0 million and charges attributable to a corporate restructuring of $4.4 million.

(4) 
Included receipt of a multi-year sales tax refund totaling $5.0 million.

(5) 
Included transition costs to enhance the Company's Scorecard loyalty program of $7.2 million and costs for a litigation contingency of $4.2 million. The fourth quarter of fiscal 2017 represents a 14 week period, as fiscal 2017 included 53 weeks.