QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

The following tables present the Company's unaudited quarterly results of operations and comprehensive income for each of the quarters in the fiscal years ended January 28, 2018 and January 29, 2017. The following tables should be read in conjunction with the Company's audited consolidated financial statements and related notes. The Company has prepared the information below on a basis consistent with its audited consolidated financial statements and has included all adjustments, consisting of normal recurring adjustments, which, in the opinion of the Company's management, are necessary to fairly present its operating results for the quarters presented. The Company's historical unaudited quarterly results of operations are not necessarily indicative of results for any future quarter or for a full year.



	Fiscal 2017										Fiscal 2016
	Fourth Quarter		Third Quarter			Second Quarter		First Quarter			Fourth Quarter		Third Quarter			Second Quarter			First Quarter
	(Unaudited; Amounts in thousands, except per share amounts)
Net revenue	$	928,802	$	619,018		$	581,054	$	520,307		$	789,940	$	544,416		$	514,520		$	495,516
Cost of goods sold	406,291		297,056			283,632		263,412			362,041		265,990			260,359			256,385
Gross profit	522,511		321,962			297,422		256,895			427,899		278,426			254,161			239,131
Selling, general and administrative expenses	264,232		215,367			225,524		199,141			231,270		185,451			180,202			181,542
Asset impairment and restructuring costs	2,001		21,007			3,186		12,331			—		—			—			—
Income from operations	256,278		85,588			68,712		45,423			196,629		92,975			73,959			57,589
Other income (expense), net	1,226		1,052			812		907			857		628			578			(486		)
Income before income tax expense	257,504		86,640			69,524		46,330			197,486		93,603			74,537			57,103
Income tax expense	137,743		27,696			20,813		15,084			61,351		25,318			20,912			11,767
Net income	$	119,761	$	58,944		$	48,711	$	31,246		$	136,135	$	68,285		$	53,625		$	45,336

Other comprehensive income (loss), net of tax:
Foreign currency translation adjustment	48,516		(31,018		)	72,854		(31,775		)	15,941		(24,748		)	(28,052		)	73,562
Comprehensive income	$	168,277	$	27,926		$	121,565	$	(529	)	$	152,076	$	43,537		$	25,573		$	118,898

Basic earnings per share	$	0.88	$	0.44		$	0.36	$	0.23		$	0.99	$	0.50		$	0.39		$	0.33
Diluted earnings per share	$	0.88	$	0.43		$	0.36	$	0.23		$	0.99	$	0.50		$	0.39		$	0.33

The Company's quarterly results of operations have varied in the past and are likely to do so again in the future. As such, the Company believes that comparisons of its quarterly results of operations should not be relied upon as an indication of the Company's future performance.