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QUARTERLY FINANCIAL DATA
12 Months Ended
Jan. 30, 2021
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. Results in Fiscal 2020 were significantly impacted by the COVID-19 pandemic, including the government mandated temporary closure of all of our stores for substantial periods of time during Fiscal 2020.
The following tables reflect quarterly consolidated statements of income for the periods indicated (unaudited):

Fiscal Year Ended January 30, 2021
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
(in thousands, except earnings per share)
Net sales$255,207 $368,923 $425,571 $472,897 
Gross profit (loss)(19,673)67,080 146,065 139,779 
Selling, general, and administrative expenses98,491 114,312 106,639 108,792 
Asset impairment charges37,091 544 294 598 
Depreciation and amortization17,888 16,708 15,809 16,000 
Operating income (loss)(173,143)(64,484)23,323 14,389 
Income (loss) before provision for income taxes(174,983)(67,123)20,060 10,288 
Provision (benefit) for income taxes(60,173)(20,484)6,740 2,524 
Net income (loss)$(114,810)$(46,639)$13,320 $7,764 
Diluted (loss) earnings per share$(7.86)$(3.19)$0.91 $0.53 
Diluted weighted average common shares outstanding14,611 14,634 14,643 14,769 
Fiscal Year Ended February 1, 2020
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
(in thousands, except earnings per share)
Net sales$412,382 $420,470 $524,796 $513,019 
Gross profit151,976 138,846 198,125 166,358 
Selling, general, and administrative expenses128,006 116,417 120,514 113,183 
Asset impairment charges348 121 839 4,731 
Other (income) costs— — — — 
Depreciation and amortization18,584 18,472 18,821 18,911 
Operating income 5,038 3,836 57,951 29,533 
Income before provision for income taxes3,327 1,558 55,796 27,736 
Provision (benefit) for income taxes(1,163)35 12,748 3,497 
Net income $4,490 $1,523 $43,048 $24,239 
Diluted earnings per share$0.28 $0.10 $2.77 $1.61 
Diluted weighted average common shares outstanding16,107 15,859 15,546 15,101 
Cash dividends declared and paid per common share$0.56 $0.56 $0.56 $0.56