Selected Quarterly Financial Data (Unaudited)

The following table sets forth certain unaudited quarterly financial information (in thousands, except per share amounts):



	13 Weeks Ended
	May 2, 2015 (1)			August 1, 2015 (2)			October 31, 2015 (3)			January 30, 2016 (4)
Fiscal 2015
Net sales	$	318,643		$	326,861		$	363,325		$	498,038
Gross profit	59,123			58,329			74,570			100,980
Net loss	(45,268		)	(43,659		)	(26,363		)	(21,653		)
Basic loss per share	(0.57		)	(0.55		)	(0.33		)	(0.27		)
Diluted loss per share	(0.57		)	(0.55		)	(0.33		)	(0.27		)



	13 Weeks Ended
	May 3, 2014 (5)			August 2, 2014 (6)			November 1, 2014 (7)			January 31, 2015 (8)
Fiscal 2014
Net sales	$	395,858		$	396,155		$	452,889		$	593,761
Gross profit	70,497			62,550			68,878			134,513
Net income (loss)	(76,782		)	(63,819		)	(52,323		)	(13,534		)
Basic earnings (loss) per share	(0.98		)	(0.81		)	(0.66		)	(0.17		)
Diluted earnings (loss) per share	(0.98		)	(0.81		)	(0.66		)	(0.17		)


(1)	Cost of sales and gross profit for the first quarter of 2015 was unfavorably impacted by store closing costs of $2.3 million ($2.3 million after tax, or $0.03 per diluted share). Selling, general and administrative expenses for the first quarter of 2015 were favorably impacted by a retirement plan settlement adjustment of $1.1 million ($1.1 million after tax, or $0.02 per diluted share).

(2)

Cost of sales and gross profit for the second quarter of 2015 was unfavorably impacted by store closing costs of $2.6 million ($2.9 million after tax, or $0.04 per diluted share). Selling, general and administrative expenses for the second quarter of 2015 was unfavorably impacted by real estate consulting fees of $2.3 million ($2.4 million after tax, or $0.03 per diluted share). Restructuring charges for the second quarter of 2015 included the benefit of reversals of previously established exit cost obligation liabilities resulting from subsequent lease terminations of $6.1 million ($6.4 million after tax, or $0.08 per diluted share).

(3)

Cost of sales and gross profit for the third quarter of 2015 was unfavorably impacted by store asset impairment charges of $2.7 million ($2.7 million after tax, or $0.03 per diluted share). These charges were offset somewhat by the reversal of previously established store closing cost obligation liabilities of $0.4 million ($0.4 million after tax, or less than $0.01 per diluted share). Selling, general and administrative expenses for the third quarter of 2015 were impacted by the reversal of a previously established consulting fee liability of $0.4 million ($0.4 million after tax, or less than $0.01 per diluted share).

(4)

Cost of sales and gross profit for the fourth quarter of 2015 was unfavorably impacted by store asset impairment charges of $8.3 million ($8.3 million after tax, or $0.10 per diluted share) and store closing costs of $0.2 million ($0.2 million after tax, or $0.00 per diluted share). Selling, general and administrative expenses for the fourth quarter of 2015 were unfavorably impacted by other costs of $3.0 million ($3.0 million after tax, or $0.04 per diluted share), which included the reversal of the CEO's stock options, severance costs and consulting costs.

(5)

Cost of sales and gross profit for the first quarter of 2014 was unfavorably impacted by store asset impairment charges of $2.6 million ($2.5 million after tax, or $0.03 per diluted share). Restructuring charges for the first quarter of 2014 included store asset impairment charges of $30.5 million ($29.1 million after tax, or $0.37 per diluted share) and other restructuring charges of $4.0 million ($3.8 million after tax, or $0.05 per diluted share).

(6)

Cost of sales and gross profit for the second quarter of 2014 was unfavorably impacted by asset impairment charges of $19.0 million ($18.5 million after tax, or $0.23 per diluted share). SG&A for the second quarter of 2014 was unfavorably impacted by consulting fees of $3.1 million ($3.0 million after tax, or $0.04 per diluted share). Restructuring charges for the second quarter of 2014 were $3.0 million ($2.9 million after tax, or $0.04 per diluted share). Income tax benefit for the second quarter of fiscal 2014 was unfavorably impacted by the establishment of reserves against net deferred tax assets of $3.4 million after tax, or $0.04 per diluted share.

(7)

Cost of sales and gross profit for the third quarter of 2014 was unfavorably impacted by asset impairment charges of $12.5 million ($10.9 million after tax, or $0.13 per diluted share) and lease buyout costs of $3.7 million ($3.2 million after tax, or $0.04 per diluted share). SG&A for the third quarter of 2014 was unfavorably impacted by severance costs for our former Chief Executive Officer of $2.3 million ($2.0 million after tax, or $0.03) and was favorably impacted by the reversal of stock-based compensation related to the departure of our former Chief Executive Officer of $2.0 million ($1.8 million after tax, or $0.02 per diluted share). Restructuring charges for the third quarter of 2014 were $1.7 million ($1.5 million after tax, or $0.02 per diluted share).


(8)	Cost of sales and gross profit for the fourth quarter of 2014 was unfavorably impacted by asset impairment charges of $12.6 million ($9.9 million after tax, or $0.13 per diluted share). SG&A for the fourth quarter of 2014 were unfavorably impacted by other costs of $2.8 million ($2.2 million after tax, or $0.03 per diluted share), which included severance and consulting costs.