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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Feb. 03, 2024
Jan. 28, 2023
Jan. 29, 2022
Income Statement [Abstract]      
Net sales $ 2,324,624 [1] $ 2,384,888 [2] $ 2,422,084 [3]
Cost of sales 1,225,804 1,248,698 1,240,948
Gross margin 1,098,820 1,136,190 1,181,136
Selling and administrative expenses 1,082,040 1,042,094 1,033,625
Goodwill impairment 28,453 [4] 0 0
Asset impairments and other, net 1,787 [5] 855 [6] (8,056) [7]
Operating income (loss) (13,460) 93,241 155,567
Other components of net periodic benefit cost 537 248 128
Interest expense (net of interest income of $0.4 million, $0.3 million and $0.6 million for Fiscal 2024, 2023 and 2022, respectively) 7,777 2,920 2,448
Earnings (loss) from continuing operations before income taxes (21,774) 90,073 152,991
Income tax expense 1,854 17,831 38,044
Earnings (loss) from continuing operations (23,628) 72,242 114,947
Gain (Loss) from discontinued operations, net of tax 6,801 (327) (97)
Net Earnings (Loss) $ (16,827) $ 71,915 $ 114,850
Basic earnings (loss) per common share:      
Continuing operations (in dollars per share) $ (2.1) $ 5.80 $ 8.11
Discontinued operations (in dollars per share) 0.6 (0.03) 0.00
Net earnings (loss) (in dollars per share) (1.5) 5.77 8.11
Diluted earnings (loss) per common share:      
Continuing operations (in dollars per share) (2.1) 5.69 7.92
Discontinued operations (in dollars per share) 0.6 (0.03) 0.00
Net earnings (loss) (in dollars per share) $ (1.5) $ 5.66 $ 7.92
Weighted average shares outstanding:      
Basic (in shares) 11,243 12,457 14,170
Diluted (in shares) 11,243 12,707 14,509
[1] Net sales in North America and in the United Kingdom, which includes the Republic of Ireland, accounted for 79% and 21%, respectively, of our net sales for Fiscal 2024.
[2] 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 Fiscal 2023.
[3] 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 Fiscal 2022.
[4] Goodwill impairment of $28.5 million is related to Genesco Brands Group.
[5] Asset impairments and other includes $1.1 million for severance and a $1.0 million charge for asset impairments in the Journeys Group, partially offset by a $0.3 million insurance gain.
[6] Asset impairments and other includes a $1.6 million charge for asset impairments, of which $0.8 million is in the Journeys Group, $0.5 million is in the Johnston & Murphy Group, $0.2 million is in the Schuh Group and $0.1 million is in the Genesco Brands Group, partially offset by a $0.7 million gain on the termination of the pension plan.
[7] Asset impairments and other includes an $18.1 million gain on the sale of a warehouse and a $0.6 million insurance gain, partially offset by $8.6 million for professional fees related to the actions of a shareholder activist and a $2.0 million charge for asset impairments, of which $1.0 million is in the Journeys Group, $0.8 million is in the Schuh Group and $0.2 million is in the Johnston & Murphy Group.