Quarterly Financial Information (Unaudited)

12 Months Ended

Feb. 01, 2014

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information (Unaudited)

Summarized quarterly financial information for fiscal 2013 and 2012 is as follows (in thousands, except earnings per share data):



	Fiscal 2013
	First Quarter			Second Quarter			Third Quarter		Fourth Quarter
Net sales	$	1,333,701		$	1,531,431		$	1,400,623	$	1,947,418
Gross profit	411,654			479,330			424,899		628,067
Income from operations ⁽¹⁾	97,617			137,095			79,053		223,048
Net income ⁽¹⁾	64,821		⁽²⁾	84,163		⁽³⁾	49,977		138,638
Earnings per common share:
Basic	$	0.53		$	0.68		$	0.41	$	1.13
Diluted	$	0.52		$	0.67		$	0.40	$	1.11
Weighted average common shares outstanding:
Basic	122,702			122,901			123,221		122,687
Diluted	125,862			125,593			125,842		125,214



	Fiscal 2012
	First Quarter		Second Quarter			Third Quarter		Fourth Quarter ⁽⁴⁾
Net sales	$	1,281,704	$	1,437,041		$	1,312,072	$	1,805,302
Gross profit	394,607		447,780			406,124		588,652
Income from operations	95,735		134,640			82,193		211,106
Net income ⁽¹⁾	57,157		53,663		⁽⁵⁾	50,139		129,749
Earnings per common share:
Basic	$	0.47	$	0.45		$	0.41	$	1.06
Diluted	$	0.45	$	0.43		$	0.40	$	1.03
Weighted average common shares outstanding:
Basic	121,514		119,928			122,103		122,875
Diluted	127,003		124,533			125,938		126,409


⁽¹⁾	Quarterly results for fiscal 2013 and 2012 do not add to full year results due to rounding.


⁽²⁾	Includes the partial recovery of a previously impaired asset of $4.3 million.


⁽³⁾	Includes asset impairment charge of $4.7 million.


⁽⁴⁾	Fourth quarter of fiscal 2012 represents a 14 week period, as fiscal 2012 includes 53 weeks.


⁽⁵⁾	Includes impairment of available-for-sale investments of $27.6 million.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References+ Details