QUARTERLY FINANCIAL DATA

12 Months Ended

Jan. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY FINANCIAL DATA

QUARTERLY FINANCIAL DATA (UNAUDITED)

In the opinion of management, the unaudited consolidated financial statements presented below contain all material adjustments, consisting of normal recurring accruals, necessary to present fairly the Company's financial position and results of operations and have been prepared in a manner consistent with the audited financial statements contained herein. Due to the seasonal nature of the Company's business, the results of operations in any given interim period are not indicative of operating results for a full fiscal year.

14. QUARTERLY FINANCIAL DATA (UNAUDITED) (Continued)

The following tables reflect quarterly consolidated statements of income for the periods indicated (unaudited):

	Fiscal Year Ended January 31, 2015
	First Quarter		Second Quarter			Third Quarter			Fourth Quarter (1)
Net sales	$	410,149	$	384,628		$	487,304		$	479,243
Gross profit	148,261		119,118			190,111			164,810
Selling, general and administrative expenses	113,720		117,111			116,120			123,735
Asset impairment charges	—		3,045			3,306			4,794
Other costs (income)	231		(98		)	(286		)	85
Depreciation and amortization	14,227		15,557			15,168			15,542
Operating income (loss)	20,083		(16,497		)	55,803			20,654
Income (loss) before income taxes	20,102		(16,557		)	55,721			20,609
Provision (benefit) for income taxes	6,506		(5,870		)	18,779			3,572
Net income (loss)	13,596		(10,687		)	36,942			17,037
Diluted earnings (loss) per share	$	0.61	$	(0.49	)	$	1.70		$	0.79
Diluted weighted average common shares outstanding	22,419		21,837			21,756			21,512
Cash dividends declared and paid per common share	$	0.1325	$	0.1325		$	0.1325		$	0.1325

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(1) Significant items impacting the fourth quarter of Fiscal 2014 include approximately $4.8 million of asset impairment charges and $3.2 million of additional costs related to corporate severance and reorganizations.

	Fiscal Year Ended February 1, 2014
	First Quarter			Second Quarter			Third Quarter		Fourth Quarter (1)
Net sales	$	423,164		$	382,448		$	492,680	$	467,497
Gross profit	163,268			126,182			201,761		164,310
Selling, general and administrative expenses	119,008			124,408			123,521		118,716
Asset impairment charges	—			21,766			—		7,867
Other costs (income)	(1,023		)	61			200		(144		)
Depreciation and amortization	16,824			15,593			16,473		15,968
Operating income (loss)	28,459			(35,646		)	61,567		21,903
Income (loss) before income taxes	28,519			(35,646		)	61,649		22,026
Provision (benefit) for income taxes	9,247			(12,010		)	19,910		6,375
Net income (loss)	19,272			(23,636		)	41,739		15,651
Diluted earnings (loss) per share	$	0.83		$	(1.05	)	$	1.84	$	0.69
Diluted weighted average common shares outstanding	23,289			22,514			22,628		22,652

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14. QUARTERLY FINANCIAL DATA (UNAUDITED) (Continued)

(1) Significant items impacting the fourth quarter of Fiscal 2013 include approximately $7.9 million of asset impairment charges and $2.0 million of additional costs related to store dispositions.