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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 30, 2022
Jul. 31, 2021
Jul. 30, 2022
Jul. 31, 2021
Income Statement [Abstract]        
Net sales $ 535,332 $ 555,183 $ 1,056,080 $ 1,093,878
Cost of sales 281,018 282,661 550,322 563,694
Gross margin 254,314 272,522 505,758 530,184
Selling and administrative expenses 245,103 252,551 488,584 492,016
Asset impairments and other, net 129 [1] 7,070 [2] (154) [3] 9,740 [4]
Operating income 9,082 12,901 17,328 28,428
Other components of net periodic benefit cost (income) 50 56 148 17
Interest expense, net 405 617 702 1,346
Earnings from continuing operations before income taxes 8,627 12,228 16,478 27,065
Income tax expense 976 1,354 3,858 7,297
Earnings from continuing operations 7,651 10,874 12,620 19,768
Gain (loss) from discontinued operations, net of tax (8) 63 (30) 47
Net Earnings $ 7,643 $ 10,937 $ 12,590 $ 19,815
Basic earnings per common share:        
Continuing operations (in dollars per share) $ 0.60 $ 0.76 $ 0.98 $ 1.38
Discontinued operations (in dollars per share) 0.00 0.00 0.00 0.00
Net earnings (in dollars per share) 0.60 0.76 0.98 1.38
Diluted earnings per common share:        
Continuing operations (in dollars per share) 0.59 0.74 0.96 1.35
Discontinued operations (in dollars per share) 0.00 0.01 (0.01) 0.00
Net earnings (in dollars per share) $ 0.59 $ 0.75 $ 0.95 $ 1.35
Weighted average shares outstanding:        
Basic (in shares) 12,813 14,339 12,887 14,313
Diluted (in shares) 13,009 14,611 13,189 14,657
[1] Asset impairments and other includes a $0.1 million charge for asset impairments included in Licensed Brands.
[2] Asset impairments and other includes a $6.2 million charge for professional fees related to the actions of an activist shareholder and a $1.4 million charge for retail store asset impairments, which includes $0.6 million in Journeys Group, $0.1 million in the Johnston & Murphy Group and $0.7 million in Schuh Group, partially offset by a $0.6 million insurance gain.
[3] Asset impairments and other includes a $0.5 million charge for asset impairments, which includes $0.2 million in Journeys Group, $0.2 million in Schuh Group and $0.1 million in Licensed Brands, partially offset by a $0.7 million gain on the termination of the pension plan.
[4] Asset impairments and other includes an $8.5 million charge for professional fees related to the actions of an activist shareholder and a $1.8 million charge for retail store asset impairments, which includes $0.8 million in Journeys Group, $0.8 million in Schuh Group and $0.2 million in the Johnston & Murphy Group, partially offset by a $0.6 million insurance gain.