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Change in Accounting Principle
 6 Months Ended
Aug. 03, 2013
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]  
CHANGE IN ACCOUNTING PRINCIPLE
CHANGE IN ACCOUNTING PRINCIPLE

The Company elected to change its method of accounting for inventory from the lower of cost or market utilizing the retail method to the lower of cost or market under the weighted-average cost method effective February 2, 2013. In accordance with generally accepted accounting principles, all periods have been retroactively adjusted to reflect the period-specific effects of the change to the weighted-average cost method. The Company believes that accounting under the weighted-average cost method is preferable as it better aligns with the Company's focus on realized selling margin and improves the comparability of the Company's financial results with those of its competitors. Additionally, it will improve the matching of cost of goods sold with the related net sales and reflect the acquisition cost of inventory outstanding at each balance sheet date.

As a result of the retroactive application of the change in accounting for inventory, the following items in the Company's Consolidated Statements of Operations and Comprehensive Income (Loss) and Consolidated Statements of Cash Flows have been restated:

Thirteen Weeks Ended July 28, 2012 (in thousands, except per share data)
 
As Reported
 
Effect of Change
 
As Restated
 
 
 
 
 
 
Net Sales
$
951,407

 
$
—

 
$
951,407

Cost of Goods Sold
357,000

 
1,956

 
358,956

Gross Profit
594,407

 
(1,956
)
 
592,451

Operating Income (Loss)
26,962

 
(1,956
)
 
25,006

Income (Loss) Before Taxes
25,416

 
(1,956
)
 
23,460

Tax Expense (Benefit)
9,897

 
(3,488
)
 
6,409

Net Income (Loss)
15,519

 
1,532

 
17,051

Net Income (Loss) Per Share:
 
 
 
 
 
 Basic
$
0.19

 
$
0.02

 
$
0.21

 Diluted
$
0.19

 
$
0.01

 
$
0.20

Foreign Currency Translation Adjustments
(19,452
)
 
(236
)
 
(19,688
)
Other Comprehensive Income (Loss)
(10,221
)
 
(236
)
 
(10,457
)
Comprehensive Income (Loss)
5,298

 
1,296

 
6,594

Twenty-Six Weeks Ended July 28, 2012 (in thousands, except per share data)
 
As Reported
 
Effect of Change
 
As Restated
 
 
 
 
 
 
Net Sales
$
1,872,625

 
$
—

 
$
1,872,625

Cost of Goods Sold
701,859

 
37,223

 
739,082

Gross Profit
1,170,766

 
(37,223
)
 
1,133,543

Operating Income (Loss)
33,286

 
(37,223
)
 
(3,937
)
Income (Loss) Before Taxes
30,650

 
(37,223
)
 
(6,573
)
Tax Expense (Benefit)
12,146

 
(14,465
)
 
(2,319
)
Net Income (Loss)
18,504

 
(22,758
)
 
(4,254
)
Net Income (Loss) Per Share:
 
 
 
 
 
 Basic
$
0.22

 
$
(0.27
)
 
$
(0.05
)
 Diluted
$
0.22

 
$
(0.27
)
 
$
(0.05
)
Foreign Currency Translation Adjustments
(16,068
)
 
(433
)
 
(16,501
)
Other Comprehensive Income (Loss)
(13,982
)
 
(433
)
 
(14,415
)
Comprehensive Income (Loss)
4,522

 
(23,191
)
 
(18,669
)


Twenty-Six Weeks Ended July 28, 2012 (in thousands, except per share data)
 
As Reported
 
Effect of Change
 
As Restated
 
 
 
 
 
 
Cash flow from operating activities:
 
 
 
 
 
Net Income (Loss)
$
18,504

 
$
(22,758
)
 
$
(4,254
)
Deferred Taxes
(20,374
)
 
(14,465
)
 
(34,839
)
Inventories
(53,421
)
 
37,656

 
(15,765
)