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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
May 01, 2021
May 02, 2020
Document Period End Date May 01, 2021  
Net sales $ 781,405 $ 485,359
Cost of sales, exclusive of depreciation and amortization 286,271 221,214
Gross profit 495,134 264,145
Stores and distribution expense 316,608 322,124
Marketing, general and administrative expense 120,947 108,257
Flagship store exit benefits (1,100) (543)
Asset impairment, exclusive of flagship store exit charges 2,664 42,928
Other operating (income) loss, net (1,418) 506
Operating income (loss) 57,433 (209,127)
Interest expense, net 8,606 3,371
Income (loss) before income taxes 48,827 (212,498)
Income tax expense 6,121 31,533
Net income (loss) 42,706 (244,031)
Less: Net income attributable to noncontrolling interests 938 117
Net income (loss) attributable to A&F $ 41,768 $ (244,148)
Net income (loss) per share attributable to A&F    
Basic $ 0.67 $ (3.90)
Diluted $ 0.64 $ (3.90)
Weighted-average shares outstanding    
Basic 62,380 62,541
Diluted 65,305 62,541
Other comprehensive income    
Foreign currency translation, net of tax $ (1,274) $ (5,399)
Derivative financial instruments, net of tax 2,599 8,865
Other comprehensive income 1,325 [1] 3,466 [2]
Comprehensive income (loss) 44,031 (240,565)
Less: Comprehensive income attributable to noncontrolling interests 938 117
Comprehensive income (loss) attributable to A&F $ 43,093 $ (240,682)
[1] No income tax benefit was recognized during the period due to the establishment of a valuation allowance in Fiscal 2020.
[2] No income tax benefit was recognized during the period due to the establishment of a valuation allowance.