Recent Accounting Pronouncements (Tables)

12 Months Ended

Feb. 02, 2019

Recent Accounting Pronouncements [Abstract]

New Accounting Pronouncements and Changes in Accounting Principles

The effect of the adoption of ASU 2014-09 on our consolidated balance sheet as of February 2, 2019 was (in thousands):

	As Reported		ASU 2014-09 Effect (1)			Excluding ASU 2014-09 Effect
Inventories, net	$	280,287	$	(130	)	$	280,417
Prepaid expenses and other	$	16,343	$	(252	)	$	16,595
Accounts payable	$	107,315	$	693		$	106,622
Other accrued expenses	$	10,174	$	(49	)	$	10,223

(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 consolidated statement of operations for the fifty-two weeks ended February 2, 2019 was (in thousands, except per share amounts):

	As Reported		ASU 2014-09 Effect			Excluding ASU 2014-09 Effect
Net sales	$	1,008,682	$	(977	)	$	1,009,659
Cost of goods sold	$	679,947	$	(110	)	$	680,057
Gross margin	$	328,735	$	(867	)	$	329,602
Store operating, selling and administrative expenses	$	264,142	$	(68	)	$	264,210
Income before provision for income taxes	$	37,558	$	(800	)	$	38,358
Provision for income taxes	$	9,137	$	(194	)	$	9,331
Net income	$	28,421	$	(606	)	$	29,027
Diluted earnings per share	$	1.51	$	(0.03	)	$	1.54