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Selected Quarterly Financial Data (Tables)
12 Months Ended
Mar. 03, 2018
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Data

Summarized quarterly financial data for the years ended March 3, 2018 and February 25, 2017, are set forth below (in thousands except per share amounts):

 

 

 

Quarter Ended

 

Fiscal 2018

 

5/27/2017

 

 

8/26/2017

 

 

11/25/2017

 

 

3/3/2018 (1)

 

Net sales

 

$

409,525

 

 

 

407,607

 

 

 

469,161

 

 

 

512,229

 

Gross profit

 

$

151,597

 

 

 

140,164

 

 

 

176,676

 

 

 

189,713

 

SG&A expenses

 

$

140,195

 

 

 

138,087

 

 

 

150,395

 

 

 

148,201

 

Operating income (loss)

 

$

(2,321

)

 

 

(11,340

)

 

 

13,448

 

 

 

27,882

 

Net income (loss)

 

$

(2,986

)

 

 

(7,823

)

 

 

7,381

 

 

 

15,054

 

Average shares outstanding — basic

 

 

81,080

 

 

 

80,350

 

 

 

79,658

 

 

 

79,835

 

Average shares outstanding — diluted

 

 

81,080

 

 

 

80,350

 

 

 

79,658

 

 

 

79,854

 

Basic earnings (loss) per share

 

$

(0.04

)

 

 

(0.10

)

 

 

0.09

 

 

 

0.19

 

Diluted earnings (loss) per share

 

$

(0.04

)

 

 

(0.10

)

 

 

0.09

 

 

 

0.19

 

 

 

 

Quarter Ended

 

Fiscal 2017

 

5/28/2016

 

 

8/27/2016

 

 

11/26/2016

 

 

2/25/2017

 

Net sales

 

$

418,370

 

 

 

405,823

 

 

 

475,901

 

 

 

528,352

 

Gross profit

 

$

148,967

 

 

 

145,036

 

 

 

196,393

 

 

 

206,912

 

SG&A expenses

 

$

142,724

 

 

 

135,777

 

 

 

160,833

 

 

 

148,509

 

Operating income (loss)

 

$

(7,808

)

 

 

(4,339

)

 

 

22,253

 

 

 

44,756

 

Net income (loss)

 

$

(6,020

)

 

 

(4,069

)

 

 

13,577

 

 

 

26,641

 

Average shares outstanding — basic

 

 

81,663

 

 

 

80,437

 

 

 

80,680

 

 

 

80,898

 

Average shares outstanding — diluted

 

 

81,663

 

 

 

80,437

 

 

 

80,683

 

 

 

81,156

 

Basic earnings (loss) per share

 

$

(0.07

)

 

 

(0.05

)

 

 

0.17

 

 

 

0.33

 

Diluted earnings (loss) per share

 

$

(0.07

)

 

 

(0.05

)

 

 

0.17

 

 

 

0.33

 

 

(1)

The quarter ended March 3, 2018 consisted of 14 weeks, compared to 13 weeks for the quarter ended February 25, 2017.