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QUARTERLY FINANCIAL DATA (UNAUDITED)
12 Months Ended
Aug. 02, 2014
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY FINANCIAL DATA (UNAUDITED)
QUARTERLY FINANCIAL DATA (UNAUDITED)
The following table sets forth certain key interim financial information for the fiscal years ended August 2, 2014 and August 3, 2013:

 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Full Year
 
 
(In thousands except per share data)
 
2014
 
 
 
 
 
 
 
 
 
 
Net sales
$
1,602,011

 
$
1,646,041

 
$
1,781,729

 
$
1,764,666

 
$
6,794,447

 
Gross profit
271,176

 
268,167

 
298,129

 
290,173

 
1,127,645

 
Income before income taxes
46,273

 
46,586

 
60,653

 
53,896

 
207,408

 
Net income
27,764

 
27,951

 
36,392

 
33,375

 
125,482

 
Per common share income
 
 
 
 
 
 
 
 
 
 
Basic:
$
0.56

 
$
0.56

 
$
0.73

 
$
0.67

 
$
2.53

*
Diluted:
$
0.56

 
$
0.56

 
$
0.73

 
$
0.67

 
$
2.52


Weighted average basic
 
 
 
 
 
 
 
 
 
 
Shares outstanding
49,439

 
49,615

 
49,635

 
49,675

 
49,602

 
Weighted average diluted
 
 
 
 
 
 
 
 
 
 
Shares outstanding
49,735

 
49,873

 
49,931

 
49,972

 
49,888

 
Market Price
 
 
 
 
 
 
 
 
 
 
High
$
75.85

 
$
76.85

 
$
79.64

 
$
69.85

 
$
79.64

 
Low
$
58.29

 
$
66.74

 
$
64.12

 
$
58.04

 
$
58.04

 

 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Full Year
 
 
(In thousands except per share data)
 
2013
 
 
 
 
 
 
 
 
 
 
Net sales
$
1,410,037

 
$
1,445,703

 
$
1,566,217

 
$
1,642,398

 
$
6,064,355

 
Gross profit
235,953

 
241,673

 
262,997

 
284,453

 
1,025,076

 
Income before income taxes
30,980

 
37,574

 
52,278

 
53,284

 
174,116

 
Net income
21,536

 
22,620

 
31,621

 
32,077

 
107,854

 
Per common share income
 
 
 
 
 
 
 
 
 
 
Basic:
$
0.44

 
$
0.46

 
$
0.64

 
$
0.65

 
$
2.19


Diluted:
$
0.43

 
$
0.46

 
$
0.64

 
$
0.65

 
$
2.18


Weighted average basic
 
 
 
 
 
 
 
 
 
 
Shares outstanding
49,192

 
49,289

 
49,303

 
49,320

 
49,217

 
Weighted average diluted
 
 
 
 
 
 
 
 
 
 
Shares outstanding
49,585

 
49,582

 
49,567

 
49,646

 
49,509

 
Market Price
 
 
 
 
 
 
 
 
 
 
High
$
61.26

 
$
56.01

 
$
56.45

 
$
60.42

 
$
61.26

 
Low
$
52.72

 
$
50.25

 
$
47.20

 
$
47.67

 
$
47.20

 

* Total reflects rounding