Selected Quarterly Financial Data

12 Months Ended

Jan. 30, 2016

Quarterly Financial Information Disclosure [Abstract]

NOTE 20—SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

Quarterly financial data for fiscal 2015 and fiscal 2014 are set forth below (in thousands, except share and per share amounts):

	Three Months Ended
	May 2,		August 1,		October 31,		January 30,
Fiscal 2015	2015		2015		2015		2016
Net revenues	$	422,445	$	506,942	$	532,411	$	647,208
Gross profit		143,418		194,263		190,750		224,261
Net income		7,156		29,935		20,710		33,302
Weighted-average shares used in computing basic net income per share		39,913,946		40,045,850		40,282,734		40,522,242
Basic net income per share	$	0.18	$	0.75	$	0.51	$	0.82
Weighted-average shares used in computing diluted net income per share		41,959,718		42,243,910		42,413,657		42,225,070
Diluted net income per share	$	0.17	$	0.71	$	0.49	$	0.79

	Three Months Ended
	May 3,		August 2,		November 1,		January 31,
Fiscal 2014	2014		2014		2014		2015
Net revenues	$	366,254	$	433,766	$	484,675	$	582,727
Gross profit		124,349		167,909		180,373		218,143
Net income		1,795		27,253		19,429		42,525
Weighted-average shares used in computing basic net income per share		39,152,923		39,436,255		39,507,272		39,734,145
Basic net income per share	$	0.05	$	0.69	$	0.49	$	1.07
Weighted-average shares used in computing diluted net income per share		40,787,726		41,262,629		41,392,831		41,777,509
Diluted net income per share	$	0.04	$	0.66	$	0.47	$	1.02

The three months ended May 3, 2014 included a $9.2 million charge incurred in connection with a legal claim alleging that the Company violated California’s Song-Beverly Credit Card Act of 1971 by requesting and recording ZIP codes from customers paying with credit cards. The three months ended January 31, 2015 included a reversal of estimated expenses of $1.5 million associated with this matter based on a revision of estimated class member response. Refer to Note 18—Commitments and Contingencies.