Quarterly Financial Information (Unaudited)

12 Months Ended

Jan. 28, 2017

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information (Unaudited)

19. QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

Quarterly financial results for the fiscal years ended January 28, 2017 and January 30, 2016 were as follows (in thousands, except per share amounts):

	Quarter Ended
Fiscal 2016	1/28/17			10/29/16			7/30/16			4/30/16
Net sales	$	100,158		$	102,582		$	106,529		$	124,430
Gross profit		51,038			54,288			54,830			67,272
Net income (loss)		(32,786	)		(1,506	)		(2,509	)		4,041
Net income (loss) per share—Basic		(2.39	)		(0.11	)		(0.18	)		0.30
Net income (loss) per share—Diluted		(2.39	)		(0.11	)		(0.18	)		0.30

	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		(0.22	)		(0.09	)		(0.20	)		0.19
Net income (loss) per share—Diluted		(0.22	)		(0.09	)		(0.20	)		0.19

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, which under the Company’s 4-5-4 retail fiscal calendar ending on the Saturday nearest January 31 of each year, generally occurs during the Company’s 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.