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Quarterly Results of Operations and Seasonality (Unaudited) (Tables)
12 Months Ended
Feb. 02, 2013
Schedule of Quarterly Results of Operations

Quarterly financial results for fiscal 2011 and fiscal 2012 were as follows: (in thousands except for per share data).

 

    Fiscal Year 2011     Fiscal Year 2012  
    First
Quarter
    Second
Quarter
    Third
Quarter
    Fourth
Quarter
    First
Quarter
    Second
Quarter
    Third
Quarter
    Fourth
Quarter(1)
 

Net sales

  $ 47,427      $ 61,966      $ 61,895      $ 125,825      $ 71,829      $ 86,820      $ 86,587      $ 173,589   

Gross profit

    14,587        20,011        18,373        51,890        23,020        28,747        26,931        71,138   

Net income (loss)

  $ 999      $ 2,212      $ 440      $ 12,427      $ (1,157   $ 1,247      $ 729      $ 19,206   

Basic (loss) income per common share

  $ (0.18   $ (0.10   $ (0.22   $ 0.17      $ (0.32   $ (3.41   $ 0.01      $ 0.36   

Diluted (loss) income per common share

  $ (0.18   $ (0.10   $ (0.22   $ 0.17      $ (0.32   $ (3.41   $ 0.01      $ 0.35   

 

(1) The Company operates on a fiscal calendar widely used by the retail industry that results in a given fiscal year consisting of a 52- or 53-week period ending on the Saturday closest to January 31 of the following year. Fiscal 2012 consists of a 53-week fiscal year and the fourth quarter of fiscal 2012 included an extra week, representing the 53rd week.