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QUARTERLY FINANCIAL INFORMATION (unaudited) (Tables)
12 Months Ended
Feb. 03, 2018
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
The following table shows quarterly information (in thousands, except per share amounts):

 
Fiscal Year 2017
 
Q1
 
Q2
 
Q3
 
Q4 (a) (b)
Net sales
$
308,607

 
$
377,081

 
$
357,236

 
$
549,351

Gross profit
62,218

 
92,941

 
71,694

 
136,642

Net (loss) income
(18,987
)
 
(6,258
)
 
(17,722
)
 
5,644

 
 
 
 
 
 
 
 
Basic (loss) earnings per share
$
(0.70
)
 
$
(0.23
)
 
$
(0.64
)
 
$
0.19

Diluted (loss) earnings per share
(0.70
)
 
(0.23
)
 
(0.64
)
 
0.19

 
 
 
 
 
 
 
 
Basic weighted average shares
27,268

 
27,535

 
27,602

 
27,628

Diluted weighted average shares
27,268

 
27,535

 
27,602

 
27,628

 
 
 
 
 
 
 
 
 
Fiscal Year 2016
 
Q1
 
Q2
 
Q3
 
Q4 (a) (b)
Net sales
$
332,750

 
$
338,385

 
$
317,140

 
$
454,443

Gross profit
66,987

 
85,570

 
56,590

 
88,905

Net (loss) income
(15,460
)
 
41

 
(15,634
)
 
(6,844
)
 
 
 
 
 
 
 
 
Basic (loss) earnings per share
$
(0.57
)
 
$

 
$
(0.58
)
 
$
(0.25
)
Diluted (loss) earnings per share
(0.57
)
 

 
(0.58
)
 
(0.25
)
 
 
 
 
 
 
 
 
Basic weighted average shares
26,932

 
27,111

 
27,155

 
27,163

Diluted weighted average shares
26,932

 
27,175

 
27,155

 
27,163


(a) The fourth quarter 2017 consisted of 14 weeks compared with 13 weeks in the fourth quarter 2016.
(b) The fourth quarter 2017 and 2016 included impairment charges recognized in cost of sales and related buying, occupancy and distribution expenses of $1.6 million and $19.4 million, respectively.