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QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)
 12 Months Ended
Feb. 01, 2020
Quarterly Financial Data [Abstract]  
Schedule of Quarterly Financial Information

Summarized unaudited quarterly financial results for Fiscal 2019 and Fiscal 2018 are presented below. See “RESULTS OF OPERATIONS,” in “ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS,” of this Annual Report on Form 10-K for information regarding items included below that could affect comparability between quarterly results.
 
Fiscal Quarter 2019
(in thousands, except per share amounts)
First
 
Second
 
Third
 
Fourth
Net sales
$
733,972

 
$
841,078

 
$
863,472

 
$
1,184,551

Gross profit (1)
$
444,090

 
$
498,633

 
$
518,931

 
$
689,264

Net (loss) income
$
(18,286
)
 
$
(29,524
)
 
$
7,570

 
$
85,200

Net (loss) income attributable to A&F (2)
$
(19,155
)
 
$
(31,142
)
 
$
6,523

 
$
83,132

Net (loss) income per basic share attributable to A&F (3)
$
(0.29
)
 
$
(0.48
)
 
$
0.10

 
$
1.32

Net (loss) income per diluted share attributable to A&F (3)
$
(0.29
)
 
$
(0.48
)
 
$
0.10

 
$
1.29

 
Fiscal Quarter 2018
(in thousands, except per share amounts)
First
 
Second
 
Third
 
Fourth
Net sales
$
730,899

 
$
842,414

 
$
861,194

 
$
1,155,602

Gross profit (1)
$
442,345

 
$
506,895

 
$
527,819

 
$
682,857

Net (loss) income
$
(41,508
)
 
$
(2,824
)
 
$
24,776

 
$
98,364

Net (loss) income attributable to A&F (4)
$
(42,461
)
 
$
(3,853
)
 
$
23,919

 
$
96,936

Net (loss) income per basic share attributable to A&F (3)
$
(0.62
)
 
$
(0.06
)
 
$
0.35

 
$
1.47

Net (loss) income per diluted share attributable to A&F (3)
$
(0.62
)
 
$
(0.06
)
 
$
0.36

 
$
1.42



(1) 
Gross profit is derived from cost of sales, exclusive of depreciation and amortization.
(2) 
Net income (loss) attributable to A&F for Fiscal 2019 included certain items related to asset impairment and flagship store exit charges. These items adversely impacted net income (loss) attributable to A&F by $32.7 million, $8.0 million and $0.8 million for the second, third and fourth quarters of Fiscal 2019, respectively.
(3) 
Net income (loss) per share for each of the quarters was computed using the weighted average number of shares outstanding during the quarter while the full year is computed using the average of the weighted average number of shares outstanding each quarter; therefore, the sum of the quarters may not equal the total for the full year.
(4) 
Net income (loss) attributable to A&F for Fiscal 2018 included certain items related to asset impairment, legal charges and discrete tax items related to the Act. These items adversely impacted net income (loss) attributable to A&F by $4.1 million and $8.0 million for the first and second quarters of Fiscal 2018, respectively, and benefited net income (loss) attributable to A&F by $1.5 million and $5.3 million for the third and fourth quarters of Fiscal 2018, respectively.