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Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Nov. 02, 2013
Oct. 27, 2012
Nov. 02, 2013
Oct. 27, 2012
Income Statement [Abstract]        
NET SALES $ 1,033,293 $ 1,169,649 $ 2,817,760 $ 3,042,274
Cost of Goods Sold 382,253 417,135 1,009,431 1,156,218
GROSS PROFIT 651,040 752,514 1,808,329 1,886,056
Stores and Distribution Expense 564,935 496,942 1,485,783 1,410,759
Marketing, General and Administrative Expense 131,326 123,381 367,752 351,562
Other Operating Income, Net (9,851) (1,154) (15,079) (5,671)
OPERATING INCOME (LOSS) (35,370) [1] 133,345 [2] (30,127) [3] 129,406 [2]
Interest Expense, Net 1,655 1,584 5,032 4,219
INCOME (LOSS) BEFORE TAXES (37,025) 131,761 (35,159) 125,187
Tax Expense (Benefit) (21,381) 47,725 (23,682) 45,405
NET INCOME (LOSS) (15,644) 84,036 (11,477) 79,782
NET INCOME (LOSS) PER SHARE:        
BASIC (in dollars per share) $ (0.20) $ 1.03 $ (0.15) $ 0.96
DILUTED (in dollars per share) $ (0.20) $ 1.02 $ (0.15) $ 0.95
WEIGHTED-AVERAGE SHARES OUTSTANDING:        
BASIC (in shares) 76,456 81,669 77,387 82,939
DILUTED (in shares) 76,456 82,522 77,387 84,049
DIVIDENDS DECLARED PER SHARE (in dollars per share) $ 0.20 $ 0.175 $ 0.6 $ 0.525
OTHER COMPREHENSIVE INCOME (LOSS)        
Foreign Currency Translation Adjustments 10,959 14,138 (8,530) (2,362)
Unrealized Gain (Loss) on Derivative Financial Instruments, net of taxes (4,571) (12,797) 5,288 (10,711)
Other Comprehensive Income (Loss) 6,388 1,341 (3,242) (13,073)
COMPREHENSIVE INCOME (LOSS) $ (9,256) $ 85,377 $ (14,719) $ 66,709
[1] Includes charges for store-related asset impairment, charges related to restructuring plans for the Gilly Hicks brand and charges related to the Company's profit improvement initiative of $51.5 million for U.S. Stores, $32.2 million for International Stores and $12.2 million for Other for the thirteen week period ended November 2, 2013.
[2] Results reported above have been restated based on the change in accounting principle as noted in Note 3, “CHANGE IN ACCOUNTING PRINCIPLE.”
[3] Includes charges for store-related asset impairment, charges related to restructuring plans for the Gilly Hicks brand and charges related to the Company's profit improvement initiative of $51.5 million for U.S. Stores, $32.2 million for International Stores and $14.7 million for Other for the thirty-nine week period ended November 2, 2013.