XML 50 R28.htm IDEA: XBRL DOCUMENT v3.3.1.900
Quarterly Financial Data (Unaudited)
12 Months Ended
Jan. 30, 2016
Quarterly Financial Data [Abstract]  
Quarterly Financial Information [Text Block]
QUARTERLY FINANCIAL DATA (UNAUDITED)

In the Company’s opinion, the unaudited quarterly financial information reflects all normal and recurring accruals and adjustments necessary for a fair presentation of net income for interim periods. Quarterly results are not necessarily indicative of a full year’s operations because of various factors. The following tables present unaudited quarterly financial information for the periods presented:
 
Thirteen weeks ended
 
May 2, 2015
 
August 1, 2015
 
October 31, 2015
 
January 30, 2016
 
 
 
 
 
 
 
 
 
(in thousands, except per share data)
Net sales
$
655,486

 
$
627,206

 
$
665,520

 
$
672,036

Cost of sales
(442,428
)
 
(435,904
)
 
(466,554
)
 
(506,993
)
Operating expenses
(139,486
)
 
(131,721
)
 
(135,637
)
 
(147,974
)
Operating profit
73,572

 
59,581

 
63,329

 
17,069

Interest income, net
920

 
752

 
952

 
838

Non-operating income (expense)
3,312

 
(7
)
 
(107
)
 
(20
)
Income from continuing operations before income taxes and (loss) income from Town Shoes
77,804

 
60,326

 
64,174

 
17,887

Income tax provision
(29,096
)
 
(22,486
)
 
(25,575
)
 
(6,649
)
(Loss) income from Town Shoes
(1,342
)
 
(230
)
 
696

 
525

Net income
$
47,366

 
$
37,610

 
$
39,295

 
$
11,763

 
 
 
 
 
 
 
 
Diluted earnings per share(1):
$
0.53

 
$
0.42

 
$
0.44

 
$
0.14

 
Thirteen weeks ended
 
May 3, 2014
 
August 2, 2014
 
November 1, 2014
 
January 31, 2015
 
 
 
 
 
 
 
 
 
(in thousands, except per share data)
Net sales
$
598,947

 
$
587,096

 
$
669,872

 
$
640,177

Cost of sales
(410,942
)
 
(415,192
)
 
(451,315
)
 
(463,622
)
Operating expenses
(126,754
)
 
(118,582
)
 
(138,720
)
 
(128,480
)
Operating profit
61,251

 
53,322

 
79,837

 
48,075

Interest income, net
991

 
659

 
737

 
734

Income from continuing operations before income taxes and income from Town Shoes
62,242

 
53,981

 
80,574

 
48,809

Income tax provision
(23,603
)
 
(20,860
)
 
(32,069
)
 
(19,860
)
Income from Town Shoes

 
849

 
1,049

 
1,915

Income from continuing operations
38,639

 
33,970

 
49,554

 
30,864

Income (loss) from discontinued operations, net of tax

 
358

 

 
(86
)
Net income
$
38,639

 
$
34,328

 
$
49,554

 
$
30,778

 
 
 
 
 
 
 
 
Diluted earnings per share(1):
$
0.42

 
$
0.38

 
$
0.55

 
$
0.34


(1) The earnings per share calculations for each quarter are based upon the applicable weighted average shares outstanding for each period and may not necessarily be equal to the full year share amount.