Business Combination: Business Combination: (Tables)

6 Months Ended

Jul. 30, 2016

Schedule of Business Acquisitions, by Acquisition

The following table summarizes our preliminary allocation of the purchase price for the Southern Tide acquisition (in thousands):



	Southern Tide acquisition
Cash and cash equivalents	$	2,423
Receivables	6,706
Inventories (1)	16,697
Prepaid expenses	740
Property and equipment	239
Intangible assets	40,900
Goodwill	33,640
Other non-current assets	344
Accounts payable, accrued expenses and other liabilities	(3,328		)
Deferred taxes	(3,978		)
Purchase price	$	94,383

(1) Includes a step-up of acquired inventory from cost to fair value of $3.0 million pursuant to the purchase method of accounting. This step-up amount will be recognized in cost of goods sold as the acquired inventory is sold.

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

Intangible assets allocated in connection with our preliminary purchase price allocation consisted of the following (in thousands):



	Useful life	Southern Tide acquisition
Finite lived intangible assets acquired, primarily consisting of customer relationships	0 - 15 years	$	6,600
Trade names and trademarks	Indefinite	34,300
		$	40,900

Business Acquisition, Pro Forma Information



	Second Quarter Fiscal 2016		Second Quarter Fiscal 2015		First Half Fiscal 2016		First Half Fiscal 2015
Net sales	$	282,996	$	258,983	$	551,011	$	530,919
Earnings from continuing operations before income taxes	$	38,489	$	33,928	$	72,853	$	67,998
Earnings from continuing operations	$	24,475	$	21,000	$	46,480	$	41,931
Earnings from continuing operations per share:
Basic	$	1.48	$	1.28	$	2.82	$	2.55
Diluted	$	1.47	$	1.27	$	2.80	$	2.54