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Quarterly Results (Tables)
 12 Months Ended
Feb. 02, 2019
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Results

 

(In thousands, except per share data)

Fiscal 2018

 

First

Quarter

 

 

Second

Quarter

 

 

Third

Quarter

 

 

Fourth

Quarter

 

Net sales

 

$

257,445

 

 

$

268,366

 

 

$

269,181

 

 

$

234,658

 

Gross profit

 

 

77,327

 

 

 

83,781

 

 

 

81,218

 

 

 

66,666

 

Operating income

 

 

17,316

 

 

 

14,931

 

 

 

16,016

 

 

 

1,497

 

Net income

 

 

12,955

 

 

 

11,775

 

 

 

12,046

 

 

 

1,359

 

Net income per share – Basic (1)

 

$

0.83

 

 

$

0.77

 

 

$

0.80

 

 

$

0.09

 

Net income per share – Diluted (1)

 

$

0.83

 

 

$

0.76

 

 

$

0.76

 

 

$

0.09

 

 

Fiscal 2017

 

First

Quarter

 

 

Second

Quarter

 

 

Third

Quarter

 

 

Fourth

Quarter

(2)(3)

 

Net sales

 

$

253,389

 

 

$

235,064

 

 

$

287,469

 

 

$

243,232

 

Gross profit

 

 

72,156

 

 

 

68,227

 

 

 

85,667

 

 

 

70,219

 

Operating income

 

 

13,227

 

 

 

6,424

 

 

 

17,880

 

 

 

170

 

Net income (loss)

 

 

8,231

 

 

 

3,896

 

 

 

10,697

 

 

 

(3,891

)

Net income (loss) per share – Basic (1)

 

$

0.48

 

 

$

0.24

 

 

$

0.66

 

 

$

(0.24

)

Net income (loss) per share – Diluted (1)

 

$

0.48

 

 

$

0.24

 

 

$

0.66

 

 

$

(0.24

)

 

(1)

Per share amounts are computed independently for each of the quarters presented. The sum of the quarters may not equal the total year due to the impact of changes in weighted shares outstanding and differing applications of earnings under the two-class method.

(2)

Our gross profit, operating income and net loss for the fourth quarter of fiscal 2017 were impacted by the following items recorded in such quarter:  gain on insurance proceeds related to hurricane affected stores of $3.3 million, or $0.13 per diluted share, net of tax, non-cash impairment charges for underperforming stores of $3.4 million, or $0.13 per diluted share, net of tax, additional stock-based compensation expense resulting from the enactment of the Tax Act and its impact on the anticipated vesting of outstanding performance-based restricted stock of $1.9 million, or $0.08 per diluted share, net of tax, and additional income tax expense resulting from the enactment of the Tax Act and our remeasurement of deferred tax assets and liabilities of $4.4 million, or $0.27 per diluted share.

(3)

The fourth quarter of fiscal 2017 consisted of 14 weeks compared with 13 weeks in the fourth quarter of fiscal 2018.