QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Jan. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

NOTE O — QUARTERLY FINANCIAL DATA (UNAUDITED)

Summarized quarterly financial data for the fiscal years ended January 31, 2018 and 2017 are as follows (in thousands, except per share amounts):

	Quarter Ended
	April 30, 2017			July 31, 2017			October 31, 2017			January 31, 2018(1)
Net sales		$	529,042		$	538,006		$	1,024,993		$	714,897
Gross profit			201,856			202,891			390,865			259,293
Net income (loss)			(10,391)			(8,568)			81,625			(542)
Net income (loss) per common share
Basic		$	(0.21)		$	(0.18)		$	1.67		$	(0.01)
Diluted		$	(0.21)		$	(0.18)		$	1.65		$	(0.01)

	Quarter Ended
	April 30, 2016			July 31, 2016			October 31, 2016			January 31, 2017(2)
Net sales		$	457,403		$	442,267		$	883,476		$	603,289
Gross profit			165,669			155,643			321,452			198,097
Net income (loss)			2,771			(1,293)			70,564			(20,104)
Net income (loss) per common share
Basic		$	0.06		$	(0.03)		$	1.54		$	(0.42)
Diluted		$	0.06		$	(0.03)		$	1.50		$	(0.42)

(1) During the fourth quarter of fiscal 2018, the Company recorded (i) a $6.5 million impairment charge related to leasehold improvements and furniture and fixtures at certain of Wilsons, G.H. Bass and Vilebrequin stores as a result of the performance at these stores, (ii) a $738,000 impairment charge with respect to furniture and fixtures located in certain customers’ stores and (iii) a $716,000 write-off of goodwill related to the retail operations segment as a result of the performance of the retail operations segment.

(2) During the fourth quarter of fiscal 2017, the Company recorded a $10.5 million impairment charge related to leasehold improvements and furniture and fixtures at certain of Wilsons, G.H. Bass and Vilebrequin stores as a result of the performance at these stores.