QUARTERLY RESULTS (UNAUDITED)

12 Months Ended

Jan. 31, 2015

QUARTERLY RESULTS (UNAUDITED)

QUARTERLY RESULTS (UNAUDITED)

17. QUARTERLY RESULTS (UNAUDITED)

	Quarter Ended
	May 3, 2014			August 2, 2014			November 1, 2014			January 31, 2015
2014:
Net sales	$	607,460		$	563,452		$	642,735		$	942,590
Costs of merchandise sold		393,110			357,252			409,484			613,107
Selling, general and administrative expense		222,319			215,807			220,901			248,009
(Loss) income from operations		(15,640	)		(20,298	)		4,925			87,547
Net (loss) income		(31,512	)		(36,192	)		(11,008	)		71,738
Basic (loss) earnings per share	$	(1.63	)	$	(1.86	)	$	(0.57	)	$	3.56
Diluted (loss) earnings per share	$	(1.63	)	$	(1.86	)	$	(0.57	)	$	3.55

        The quarter ended January 31, 2015 includes impairment charges of $1,945 resulting in a reduction in the carrying amount of certain store properties (see Note 3) and $100 related to the reduction in the value of certain intangible assets (see Note 4). Fourth quarter results also include a gain on insurance recovery of $10,779 as a result of a fire at one of the Company's stores (see Note 12).

        Per share amounts are computed independently for each of the quarters presented. The sum of the quarters does not equal the total year amount due to a mixture of net loss and net income quarters, with differing application of basic and diluted common shares outstanding pursuant to the two-class method.

	Quarter Ended
	May 4, 2013			August 3, 2013			November 2, 2013			February 1, 2014
2013:
Net sales	$	646,904		$	557,140		$	651,161		$	914,863
Costs of merchandise sold		421,588			351,008			412,932			583,144
Selling, general and administrative expense		225,096			211,253			215,204			247,810
(Loss) income from operations		(7,117	)		(15,461	)		15,850			76,108
Net (loss) income		(26,635	)		(37,329	)		(931	)		61,339
Basic (loss) earnings per share	$	(1.41	)	$	(1.95	)	$	(0.05	)	$	3.06
Diluted (loss) earnings per share	$	(1.41	)	$	(1.95	)	$	(0.05	)	$	3.04

        The quarter ended August 3, 2013 includes a loss on extinguishment of debt totaling $3,917 for fees, tender premium and accelerated amortization of deferred fees in conjunction with the tender and redemption of the Company's Notes (see Note 10).

        The quarter ended February 1, 2014 includes impairment charges of $5,510 resulting in a reduction in the carrying amount of certain store properties (see Note 3) and $268 related to the reduction in the value of certain intangible assets (see Note 4).

        Per share amounts are computed independently for each of the quarters presented. The sum of the quarters does not equal the total year amount due to a mixture of net loss and net income quarters, with differing application of basic and diluted common shares outstanding pursuant to the two-class method.