Quarterly Financial Information (Unaudited)

12 Months Ended

Jan. 30, 2016

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information (Unaudited)

19. QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

Quarterly financial results for the fiscal years ended January 30, 2016 and September 30, 2014 were as follows (in thousands, except per share amounts):

	Quarter Ended
Fiscal 2015	1/30/16			10/31/15			8/01/15			5/02/15
Net sales	$	118,287		$	119,548		$	119,306		$	141,612
Gross profit		58,928			60,401			55,308			71,403
Net income (loss)		(3,062	)		(1,274	)		(2,682	)		2,535
Net income (loss) per share—Basic		(0.23	)		(0.09	)		(0.20	)		0.19
Net income (loss) per share—Diluted		(0.23	)		(0.09	)		(0.20	)		0.19

	Quarter Ended
Fiscal 2014	9/30/14			6/30/14		3/31/14		12/31/13
Net sales	$	122,048		$	134,020	$	126,053	$	134,838
Gross profit		60,186			69,599		68,518		71,155
Net income (loss)		(2,485	)		5,476		3,247		4,259
Net income (loss) per share—Basic		(0.18	)		0.41		0.24		0.32
Net income (loss) per share—Diluted		(0.18	)		0.40		0.24		0.31

The Company’s business, like that of other retailers, is seasonal. The Company’s quarterly net sales have historically been highest in the peak Spring selling season during the third fiscal quarter that previously ended on June 30 of the Company’s fiscal years that ended on September 30. Under the Company’s new 4-5-4 retail fiscal calendar ending on the Saturday nearest January 31 of each year, the peak Spring selling season will generally occur during the Company’s new first and second fiscal quarters. Given the historically higher sales level in that timeframe and the relatively fixed nature of most of the Company’s operating expenses, the Company has typically generated a very significant percentage of its full year operating income and net income during the calendar months of March through May.