Quarterly Results of Operations (unaudited)

12 Months Ended

Feb. 01, 2014

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results of Operations (unaudited)

Quarterly Results of Operations (unaudited)

	Fiscal 2013, Three Months Ended
(in thousands of dollars, except per share data)	May 4		August 3		November 2		February 1
Net sales	$	1,549,136	$	1,479,852	$	1,468,612	$	2,034,047
Gross profit	611,351		503,030		531,205		662,346
Net income	117,210		36,491		50,868		119,102
Diluted earnings per share:
Net income	$	2.50	$	0.79	$	1.13	$	2.71

	Fiscal 2012, Three Months Ended
(in thousands of dollars, except per share data)	April 28		July 28		October 27		February 2
Net sales	$	1,549,319	$	1,487,925	$	1,449,623	$	2,106,302
Gross profit	592,406		500,123		530,000		723,532
Net income	94,983		31,022		48,514		161,443
Diluted earnings per share:
Net income	$	1.89	$	0.63	$	1.01	$	3.36

Total of quarterly earnings per common share may not equal the annual amount because net income per common share is calculated independently for each quarter.

Quarterly information for fiscal 2013 and fiscal 2012 includes the following items:

First Quarter

2013

• an $11.7 million pretax gain ($7.6 million after tax or $0.16 per share) related to the sale of an investment.

• a $6.5 million pretax charge ($4.2 million after tax or $0.09 per share) for asset impairment and store closing charges related to the write-down of an operating property and certain cost method investments.

• a $1.5 million pretax gain ($1.0 million after tax or $0.02 per share) related to a pension adjustment.

Third Quarter

2012

• a $1.1 million pretax gain ($0.7 million after tax or $0.01 per share) related to the sale of two former retail store locations.

• a $1.7 million income tax benefit ($0.04 per share) due to a reversal of a valuation allowance related to a deferred tax asset consisting of a capital loss carryforward.

Fourth Quarter

2013

• a $1.2 million pretax gain ($0.8 million after tax or $0.02 per share) for the reversal of asset impairment and store closing charges previously recorded in fiscal 2013 for the write-down of an operating property.

2012

• a $10.3 million pretax gain ($6.8 million after tax or $0.14 per share) related to the sale of a former retail store location.

• a $1.6 million pretax charge ($1.1 million after tax or $0.02 per share) for asset impairment and store closing charges related to the write-down of a property held for sale and of an operating property.

• an $18.1 million income tax benefit ($0.38 per share) due to a one-time deduction related to dividends paid to the Dillard's Inc. Investment and Employee Stock Ownership Plan.