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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Oct. 29, 2022
Oct. 30, 2021
Oct. 29, 2022
Oct. 30, 2021
Income Statement [Abstract]        
Net sales $ 603,788 $ 600,546 $ 1,659,868 [1] $ 1,694,424 [2]
Cost of sales 309,981 305,345 860,303 869,039
Gross margin 293,807 295,201 799,565 825,385
Selling and administrative expenses 267,734 251,131 756,318 743,147
Asset impairments and other, net 0 314 [3] (154) [4] 10,054 [5]
Operating income 26,073 43,756 43,401 72,184
Other components of net periodic benefit cost (income) 50 55 198 72
Interest expense, net 906 585 1,608 1,931
Earnings from continuing operations before income taxes 25,117 43,116 41,595 70,181
Income tax expense 4,693 10,135 8,551 17,432
Earnings from continuing operations 20,424 32,981 33,044 52,749
Loss from discontinued operations, net of tax (48) (86) (78) (39)
Net Earnings $ 20,376 $ 32,895 $ 32,966 $ 52,710
Basic earnings per common share:        
Continuing operations (in dollars per share) $ 1.68 $ 2.30 $ 2.61 $ 3.69
Discontinued operations (in dollars per share) 0 0 0 (0.01)
Net earnings (in dollars per share) 1.68 2.30 2.61 3.68
Diluted earnings per common share:        
Continuing operations (in dollars per share) 1.66 2.26 2.56 3.60
Discontinued operations (in dollars per share) (0.01) (0.01) 0 0
Net earnings (in dollars per share) $ 1.65 $ 2.25 $ 2.56 $ 3.60
Weighted average shares outstanding:        
Basic (in shares) 12,138 14,314 12,637 14,313
Diluted (in shares) 12,326 14,616 12,901 14,643
[1] Net sales in North America and in the United Kingdom, which includes the Republic of Ireland, accounted for 82% and 18%, respectively, of our net sales for the nine months ended October 29, 2022.
[2] Net sales in North America and in the United Kingdom, which includes the Republic of Ireland, accounted for 83% and 17%, respectively, of our net sales for the nine months ended October 30, 2021.
[3] Asset impairments and other includes a $0.1 million charge for professional fees related to the actions of an activist shareholder and a $0.2 million charge for retail store asset impairments, which includes $0.2 million in Journeys Group.
[4] 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.
[5] Asset impairments and other includes an $8.6 million charge for professional fees related to the actions of an activist shareholder and a $2.0 million charge for retail store asset impairments, which includes $1.0 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.