Quarterly financial data (unaudited)

12 Months Ended

Feb. 01, 2013

Quarterly financial data (unaudited)

Quarterly financial data (unaudited)

14. Quarterly financial data (unaudited)

        The following is selected unaudited quarterly financial data for the fiscal years ended February 1, 2013 and February 3, 2012. Each quarterly period listed below was a 13-week accounting period, with the exception of the fourth quarter of 2011, which was a 14-week accounting period. The sum of the four quarters for any given year may not equal annual totals due to rounding.

(In thousands)	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2012:
Net sales	$	3,901,205	$	3,948,655	$	3,964,647	$	4,207,621
Gross profit		1,228,256		1,263,223		1,226,123		1,367,799
Operating profit		384,324		387,214		361,389		522,349
Net income		213,415		214,140		207,685		317,422
Basic earnings per share		0.64		0.64		0.62		0.97
Diluted earnings per share		0.63		0.64		0.62		0.97

(In thousands)	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2011:
Net sales	$	3,451,697	$	3,575,194	$	3,595,224	$	4,185,073
Gross profit		1,087,397		1,148,342		1,115,802		1,346,369
Operating profit		321,618		350,029		310,917		508,240
Net income		156,969		146,042		171,164		292,510
Basic earnings per share		0.46		0.43		0.50		0.86
Diluted earnings per share		0.45		0.42		0.50		0.85

        As discussed in Note 6, in the second quarter of 2012, the Company repurchased $450.7 million principal amount of its outstanding senior subordinated notes due 2017, resulting in a pretax loss of $29.0 million ($17.7 million net of tax, or $0.05 per diluted share) which was recognized as Other (income) expense.

        As discussed in Note 6, in the first quarter of 2011, the Company repurchased $25.0 million principal amount of its outstanding senior notes due 2015, resulting in a pretax loss of $2.2 million ($1.3 million net of tax, or less than $0.01 per diluted share) which was recognized as Other (income) expense.

        As discussed in Note 6, in the second quarter of 2011, the Company repurchased $839.3 million principal amount of its outstanding senior notes due 2015, resulting in a pretax loss of $58.1 million ($35.4 million net of tax, or $0.10 per diluted share) which was recognized as Other (income) expense.

        As discussed in Note 11, in the fourth quarter of 2011 the Company incurred share-based compensation expenses included in SG&A of $8.6 million ($5.3 million net of tax, or $0.02 per diluted share) for the accelerated vesting of certain share-based awards in conjunction with a secondary offering of the Company's common stock.