Segment Information

3 Months Ended

Apr. 30, 2011

15. Segment Information

The Company has two separately managed and reported business segments — stores and direct marketing.

The following is certain segment information for the thirteen weeks ended April 30, 2011 and May 1, 2010:


	Thirteen Weeks Ended
	April 30, 2011						May 1, 2010
			Direct						Direct
	Stores		Marketing		Total		Stores		Marketing		Total
					(In thousands)
Net sales	$	240,755	$	60,555	$	301,310	$	257,573	$	63,088	$	320,661
Direct profit		16,360		16,197	$	32,557		51,463		19,808	$	71,271

Direct profit is calculated as net sales less cost of goods sold and direct expenses such as payroll, occupancy and other direct costs. The following reconciles direct profit to income (loss) from continuing operations for the thirteen weeks ended April 30, 2011 and May 1, 2010. Indirect expenses include unallocated corporate overhead and related expenses.


	Thirteen Weeks Ended
	April 30,		May 1,
	2011		2010
	(In thousands)
Direct profit	$	32,557	$	71,271
Less: Indirect expenses		26,240		39,600
Restructuring charges		2,265		4,959
Merger-related costs		885		23,813

Operating income		3,167		2,899
Interest expense, net		2,028		8,414

Income (loss) before taxes		1,139		(5,515	)
Income tax expense		231		1,581

Income (loss) from continuing operations	$	908	$	(7,096	)