QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Jan. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY FINANCIAL DATA (UNAUDITED)

NOTE P — QUARTERLY FINANCIAL DATA (UNAUDITED)

Summarized quarterly financial data for the fiscal years ended January 31, 2020 and 2019 are as follows (in thousands, except per share amounts):

	Quarter Ended
	April 30,		July 31,		October 31,		January 31,
	2019		2019		2019		2020 (1)
Net sales	$	633,552	$	643,892	$	1,128,403	$	754,617
Gross profit		236,064		231,769		399,019		251,088
Net income		12,043		11,119		95,387		25,288
Net income per common share
Basic	$	0.25	$	0.23	$	2.00	$	0.53
Diluted	$	0.24	$	0.23	$	1.97	$	0.52

	Quarter Ended
	April 30,		July 31,		October 31,		January 31,
	2018		2018		2018		2019 (2)
Net sales	$	611,743	$	624,698	$	1,072,982	$	766,785
Gross profit		234,527		231,544		382,100		258,938
Net income		9,885		10,077		94,025		24,080
Net income per common share
Basic	$	0.20	$	0.20	$	1.91	$	0.49
Diluted	$	0.20	$	0.20	$	1.86	$	0.48

(1) During the fourth quarter of fiscal 2020, the Company recorded a $21.8 million impairment charge primarily related to leasehold improvements, furniture and fixtures and operating lease assets at certain Wilsons Leather, G.H. Bass and DKNY stores as a result of the performance at these stores.

(2) During the fourth quarter of fiscal 2019, the Company recorded a $2.8 million impairment charge related to leasehold improvements and furniture and fixtures at certain of Wilsons Leather, G.H. Bass and DKNY stores as a result of the performance at these stores.