XML 65 R23.htm IDEA: XBRL DOCUMENT v3.20.1
Quarterly Results of Operations (unaudited)
 12 Months Ended
Feb. 01, 2020
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results of Operations (unaudited) Quarterly Results of Operations (unaudited)
 
Fiscal 2019, Three Months Ended
(in thousands of dollars, except per share data)
May 4
 
August 3
 
November 2
 
February 1
Net sales
$
1,465,441

 
$
1,426,863

 
$
1,388,310

 
$
1,922,906

Gross profit
537,674

 
394,849

 
461,528

 
573,491

Net income (loss)
78,602

 
(40,671
)
 
5,462

 
67,688

Diluted earnings per share:
 
 
 
 
 
 
 
Net income (loss)
$
2.99

 
$
(1.59
)
 
$
0.22

 
$
2.75


 
Fiscal 2018, Three Months Ended
(in thousands of dollars, except per share data)
May 5
 
August 4
 
November 3
 
February 2
Net sales
$
1,458,262

 
$
1,468,023

 
$
1,419,213

 
$
2,010,611

Gross profit
554,521

 
450,846

 
464,276

 
594,946

Net income (loss)
80,548

 
(2,868
)
 
7,425

 
85,158

Diluted earnings per share:
 
 
 
 
 
 
 
Net income (loss)
$
2.89

 
$
(0.10
)
 
$
0.27

 
$
3.22


Total of quarterly earnings per common share may not equal the annual amount because net income per common share is calculated independently for each quarter.
Quarterly information for fiscal 2019 and fiscal 2018 includes the following items:
Fourth Quarter
2019
•
an $8.3 million pretax gain ($6.5 million after tax or $0.26 per share) primarily related to the sale of two store properties

•
$2.3 million ($0.09 per share) in tax benefits provided in the Taxpayer Certainty and Disaster Tax Relief Act of 2019
Third Quarter
2019
•
a $0.3 million pretax loss ($0.2 million after tax or $0.01 per share) primarily related to the sale of a store property

•
$2.8 million ($0.11 per share) in tax benefits related to amended state tax return filings
2018
•
$2.9 million ($0.11 per share) in tax benefits related to additional federal tax credits and an update of the provisional amounts recorded for the income tax effects of the Tax Cuts and Jobs Act of 2017

Second Quarter

2019
•
a $4.9 million pretax gain ($3.8 million after tax or $0.15 per share) primarily related to the sale of a store property

First Quarter

2019
•
a $7.4 million pretax gain ($5.8 million after tax or $0.22 per share) primarily related to the sale of two store properties