Recent Accounting Pronouncements (Tables)

3 Months Ended

May 05, 2018

New Accounting Pronouncements and Changes in Accounting Principles [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

The effect of the adoption of ASU 2014-09 on our unaudited condensed consolidated balance sheet as of May 5, 2018 was (in thousands):

	As Reported		ASU 2014-09 Effect (1)			Excluding ASU 2014-09 Effect
Inventories, net	$	229,109	$	(242	)	$	229,351
Other current assets	$	18,840	$	20		$	18,820
Accounts payable	$	83,406	$	81		$	83,325
Other accrued expenses	$	10,254	$	(140	)	$	10,394

(1)  Does not include the cumulative effect of initially adopting ASU 2014-09 to our consolidated balance sheet as adjusted as of February 4, 2018.

The effect of the adoption of ASU 2014-09 on our unaudited condensed consolidated statement of operations for the quarter ended May 5, 2018 was (in thousands, except per share amounts):

	As Reported		ASU 2014-09 Effect			Excluding ASU 2014-09 Effect
Net sales	$	274,707	$	(178	)	$	274,885
Cost of goods sold	$	177,934	$	22		$	177,912
Gross margin	$	96,773	$	(200	)	$	96,973
Store operating, selling and administrative expenses	$	61,904	$	(36	)	$	61,940
Income before provision for income taxes	$	28,564	$	(164	)	$	28,728
Provision for income taxes	$	7,055	$	(41	)	$	7,096
Net income	$	21,509	$	(123	)	$	21,632
Diluted earnings per share	$	1.12	$	(0.01	)	$	1.13