XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Unaudited Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jul. 31, 2021
Aug. 01, 2020
Jul. 31, 2021
Aug. 01, 2020
Income Statement [Abstract]        
Net sales $ 419,257,000 $ 441,607,000 $ 926,117,000 $ 711,445,000
Cost of goods sold $ 255,930,000 $ 278,010,000 $ 552,827,000 $ 473,701,000
Cost of goods sold, as a percent to sales 61.00% 63.00% 59.70% 66.60%
Gross margin $ 163,327,000 $ 163,597,000 $ 373,290,000 $ 237,744,000
Gross margin, as a percent to sales 39.00% 37.00% 40.30% 33.40%
Store operating, selling, and administrative expenses $ 93,442,000 $ 99,835,000 $ 185,181,000 $ 169,508,000
Store operating, selling and administrative expenses, as a percent to sales 22.30% 22.60% 20.00% 23.80%
Goodwill impairment $ 0 $ 0 $ 0 $ 19,661,000
Goodwill impairment, as a percent to sales 0.00% 0.00% 0.00% 2.80%
Depreciation and amortization $ 8,385,000 $ 7,484,000 $ 16,459,000 $ 14,354,000
Depreciation and amortization, as a percent to sales 2.00% 1.70% 1.80% 2.00%
Operating income $ 61,500,000 $ 56,278,000 $ 171,650,000 $ 34,221,000
Operating income, as a percent to sales 14.70% 12.70% 18.50% 4.80%
Interest expense, net $ 28,000 $ 206,000 $ 127,000 $ 376,000
Interest expense (income), net, as a percent to sales 0.00% 0.00% 0.00% 0.10%
Income before provision for income taxes $ 61,472,000 $ 56,072,000 $ 171,523,000 $ 33,845,000
Income before provision for income taxes, as a percent to sales 14.70% 12.70% 18.50% 4.80%
Provision for income taxes $ 14,776,000 $ 15,717,000 $ 40,061,000 $ 8,777,000
Provision for income taxes, as a percent to sales 3.50% 3.60% 4.30% 1.20%
Net income $ 46,696,000 $ 40,355,000 $ 131,462,000 $ 25,068,000
Net income, as a percent to sales 11.10% 9.10% 14.20% 3.50%
Basic earnings per share (in dollars per share) $ 2.98 $ 2.44 $ 8.21 $ 1.52
Diluted earnings per share (in dollars per share) $ 2.86 $ 2.38 $ 7.90 $ 1.50
Weighted-average shares:        
Basic (in shares) 15,691 16,535 16,008 16,540
Diluted (in shares) 16,305 16,982 16,635 16,764