XML 249 R2.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 29, 2023
Jul. 30, 2022
Jul. 29, 2023
Jul. 30, 2022
Net sales $ 792,217 $ 859,319 $ 1,534,299 $ 1,689,862
Gross profit 273,387 295,670 511,126 571,415
Operating expenses (214,530) (228,690) (434,649) (452,116)
Income from equity investments 2,138 2,435 4,469 4,380
Impairment charges (308) (1,816) (649) (2,888)
Operating profit 60,687 67,599 80,297 120,791
Interest expense, net (6,932) (2,752) (13,529) (5,704)
Loss on extinguishment of debt and write-off of debt issuance costs 0 0 0 (12,862)
Non-operating income, net 579 37 245 43
Income before income taxes 54,334 64,884 67,013 102,268
Income tax provision (17,079) (18,671) (18,385) (29,873)
Net income 37,255 46,213 48,628 72,395
Net income attributable to redeemable noncontrolling interest (51) 0 (9) 0
Net income attributable to Designer Brands Inc. $ 37,204 $ 46,213 $ 48,619 $ 72,395
Earnings per share attributable to Designer Brands Inc.:        
Basic earnings per share $ 0.57 $ 0.66 $ 0.75 $ 1.02
Diluted earnings per share $ 0.56 $ 0.62 $ 0.73 $ 0.96
Weighted average shares used in per share calculations:        
Basic shares 65,576 69,604 64,973 71,263
Diluted shares 66,997 73,942 66,863 75,369
Product        
Net sales $ 792,217 $ 859,319 $ 1,534,299 $ 1,689,862
Cost of sales $ (518,830) $ (563,649) $ (1,023,173) $ (1,118,447)