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Condensed Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Apr. 29, 2018
Apr. 30, 2017
Net revenues [1] $ 1,203,000 $ 1,111,507
Cost of goods sold 770,836 715,747
Gross profit 432,164 395,760
Selling, general and administrative expenses 365,614 333,286
Operating income [2] 66,550 62,474
Interest (income) expense, net 1,201 (103)
Earnings before income taxes 65,349 62,577
Income taxes 20,181 23,022
Net earnings $ 45,168 $ 39,555
Basic earnings per share $ 0.54 $ 0.45
Diluted earnings per share $ 0.54 $ 0.45
Shares used in calculation of earnings per share:    
Basic 83,392 86,962
Diluted 84,174 87,710
E-commerce    
Net revenues $ 646,180 $ 580,510
Retail    
Net revenues $ 556,820 $ 530,997
[1] Includes net revenues related to our international operations (including our operations in Canada, Australia, the United Kingdom and our franchise businesses) of approximately $79.4 million and $69.4 million for the thirteen weeks ended April 29, 2018 and April 30, 2017, respectively.
[2] The thirteen weeks ended April 29, 2018 includes $6.9 million of expense related to our acquisition of Outward, Inc., (primarily acquisition-related compensation costs, the amortization of intangible assets acquired, and the operations of the Outward business), of which $5.5 million is recorded in the e-commerce segment and $1.4 million is recorded in the unallocated segment, as well as $1.7 million for employment-related expense in our corporate functions, which is recorded in selling, general and administrative expenses within the unallocated segment. The thirteen weeks ended April 30, 2017 includes $5.7 million of severance-related charges in our corporate functions, which is recorded in selling, general and administrative expenses within the unallocated segment.