Unaudited Quarterly Results of Operations

12 Months Ended

Feb. 01, 2014

Unaudited Quarterly Results of Operations

Unaudited Quarterly Results of Operations

(13)         Unaudited Quarterly Results of Operations

	Quarter Ended
	Feb. 1			Nov. 2			Aug. 3			May 4			Feb. 2			Oct. 27			Jul. 28			Apr. 28
	2014			2013			2013			2013			2013			2012			2012			2012
	(in thousands, except per share and share amounts)
Statement of Operations Data:
Net sales	$	157,193		$	145,362		$	137,821		$	181,828		$	175,656		$	148,985		$	132,318		$	197,694
Cost of sales (exclusive of depreciation shown separately below)	(99,567		)	(92,074		)	(88,299		)	(114,505		)	(118,165		)	(97,808		)	(87,903		)	(123,028		)
Selling, general and administrative expenses	(50,170		)	(52,148		)	(51,920		)	(51,908		)	(52,678		)	(51,132		)	(50,932		)	(52,669		)
Depreciation	(5,258		)	(5,454		)	(5,667		)	(5,595		)	(5,797		)	(5,970		)	(6,038		)	(6,145		)
Asset impairment	(305		)	(556		)	(654		)	(27		)	(517		)	(660		)	—			—
Gain on sale of former distribution center	—			1,526			—			—			—			—			—			—
Income (loss) from operations	1,893			(3,344		)	(8,719		)	9,793			(1,501		)	(6,585		)	(12,555		)	15,852
Interest, net	19			29			18			21			17			16			2			13
Income (loss) before income taxes	1,912			(3,315		)	(8,701		)	9,814			(1,484		)	(6,569		)	(12,553		)	15,865
Income tax expense (benefit)	447			(1,643		)	(3,208		)	3,650			(780		)	(2,869		)	(4,628		)	5,761
Net income (loss)	$	1,465		$	(1,672	)	$	(5,493	)	$	6,164		$	(704	)	$	(3,700	)	$	(7,925	)	$	10,104
Net income (loss) per common share:
Basic	$	0.10		$	(0.11	)	$	(0.37	)	$	0.42		$	(0.05	)	$	(0.25	)	$	(0.54	)	$	0.69
Diluted	$	0.10		$	(0.11	)	$	(0.37	)	$	0.42		$	(0.05	)	$	(0.25	)	$	(0.54	)	$	0.69
Weighted average shares used to compute net income (loss) per common share:
Basic	14,824,656			14,815,107			14,801,217			14,751,637			14,698,736			14,676,817			14,673,403			14,635,509
Diluted	14,881,752			14,815,107			14,801,217			14,753,048			14,698,736			14,676,817			14,673,403			14,636,918

Net income (loss) per share is computed independently for each period presented. As a result, the total of net income (loss) per share for the four quarters may not equal the annual amount.