XML 14 R2.htm IDEA: XBRL DOCUMENT v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Oct. 28, 2023
Oct. 29, 2022
Oct. 28, 2023
Oct. 29, 2022
Income Statement [Abstract]        
Net Sales $ 505,126 $ 518,332 $ 1,584,995 $ 1,617,967
Net sales, as a percentage 100.00% 100.00% 100.00% 100.00%
Cost of goods sold $ 308,677 $ 310,892 $ 946,637 $ 962,448
Cost of goods sold, as a percentage of sales 61.10% 60.00% 59.70% 59.50%
Gross Profit $ 196,449 $ 207,440 $ 638,358 $ 655,519
Gross profit, as a percentage of sales 38.90% 40.00% 40.30% 40.50%
Selling, general, and administrative expenses $ 178,643 $ 175,841 $ 520,672 $ 520,296
Selling, general, and administrative expenses, as a percentage of sales 35.40% 33.90% 32.80% 32.10%
Merger-related costs $ 7,277 $ 0 $ 7,277 $ 0
Merger-related costs, as a percentage of sales 1.40% 0.00% 0.50% 0.00%
Income from Operations $ 10,529 $ 31,599 $ 110,409 $ 135,223
Income from operations, as a percentage of sales 2.10% 6.10% 7.00% 8.40%
Interest expense, net $ (389) $ (1,080) $ (1,439) $ (3,111)
Interest expense, net, as a percentage of sales (0.10%) (0.20%) (0.10%) (0.20%)
Income before Income Taxes $ 10,140 $ 30,519 $ 108,970 $ 132,112
Income before income taxes, as a percentage of sales 2.00% 5.90% 6.90% 8.20%
Income tax provision $ 5,100 $ 5,900 $ 4,700 $ 30,600
Income tax provision, as a percentage of sales 1.00% 1.20% 0.30% 1.90%
Net Income $ 5,040 $ 24,619 $ 104,270 $ 101,512
Net income, as a percentage of sales 1.00% 4.70% 6.60% 6.30%
Per Share Data:        
Net income per common share – basic (in dollars per share) $ 0.04 $ 0.20 $ 0.87 $ 0.84
Net income per common and common equivalent share – diluted (in dollars per share) $ 0.04 $ 0.20 $ 0.85 $ 0.82
Weighted average common shares outstanding – basic (in shares) 119,457 120,333 119,424 119,776
Weighted average common and common equivalent shares outstanding – diluted (in shares) 122,735 124,887 122,500 124,016