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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Nov. 02, 2019
Nov. 03, 2018
Nov. 02, 2019
Nov. 03, 2018
Net revenue $ 615,944 $ 605,407 $ 1,835,855 $ 1,772,567
Cost of product sales 386,445 385,264 1,158,741 1,139,055
Gross profit 229,499 220,143 677,114 633,512
Selling, general and administrative expenses 205,003 197,943 627,823 600,731
European Commission fine 0 42,428 0 42,428
Asset impairment charges 1,847 1,277 5,126 5,017
Net gains on lease terminations 0 0 0 (152)
Earnings (loss) from operations 22,649 (21,505) 44,165 (14,512)
Other income (expense):        
Interest expense (4,946) (784) (11,156) (2,386)
Interest income 492 783 1,166 2,892
Other expense, net (62) (5,810) (4,346) (7,064)
Total other expense (4,516) (5,811) (14,336) (6,558)
Earnings (loss) before income tax expense (benefit) 18,133 (27,316) 29,829 (21,070)
Income tax expense (benefit) 4,548 (14,500) 10,649 (13,001)
Net earnings (loss) 13,585 (12,816) 19,180 (8,069)
Net earnings attributable to noncontrolling interests 1,162 626 2,809 1,064
Net earnings (loss) attributable to Guess, Inc. $ 12,423 $ (13,442) $ 16,371 $ (9,133)
Net earnings (loss) per common share attributable to common stockholders (Note 3):        
Basic (in dollars per share) $ 0.19 $ (0.17) $ 0.22 $ (0.12)
Diluted (in dollars per share) $ 0.18 $ (0.17) $ 0.22 $ (0.12)
Weighted average common shares outstanding attributable to common stockholders (Note 3):        
Basic (in shares) 66,393 80,189 72,275 80,067
Diluted (in shares) 67,314 80,189 73,211 80,067
Product sales        
Net revenue $ 593,736 $ 583,121 $ 1,776,287 $ 1,710,788
Net royalties        
Net revenue $ 22,208 $ 22,286 $ 59,568 $ 61,779