Supplemental Quarterly Financial Information (Unaudited)

12 Months Ended

Feb. 01, 2020

Quarterly Financial Information Disclosure [Abstract]

Supplemental Quarterly Financial Information (Unaudited)

Summarized quarterly financial information for fiscal 2019 and 2018 is as follows (in thousands, except earnings per share data):


	Fiscal 2019
	First Quarter			Second Quarter		Third Quarter			Fourth Quarter
Net sales	$	1,920,677		$	2,259,212	$	1,962,204		$	2,608,650
Gross profit	563,809			677,071		580,642			733,036
Income from operations ⁽¹⁾	76,073			155,003		45,625			98,911
Net income	57,525		⁽²⁾	112,534		57,584		⁽³⁾	69,819		⁽⁴⁾
Earnings per common share:
Basic ⁽¹⁾	$	0.62		$	1.28	$	0.68		$	0.83
Diluted	$	0.61		$	1.26	$	0.66		$	0.81
Weighted average common shares outstanding:
Basic	92,887			88,080		85,048			83,995
Diluted	94,388			89,400		86,601			85,875


	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

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

⁽²⁾Included a non-cash impairment charge of $5.6 million related to an asset held for sale and a benefit of $4.7 million related to a favorable litigation settlement.

⁽³⁾Included a gain on sale of subsidiaries totaling $25.0 million, hunt restructuring charges of $6.6 million and a non-cash impairment charge of $5.6 million related to an asset held for sale.

(4)Includes hunt restructuring charges of $43.5 million.