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Selected Quarterly Financial Data (Unaudited)
 12 Months Ended
Feb. 01, 2014
Quarterly Financial Information Disclosure [Abstract]  
SELECTED QUARTERLY FINANCIAL DATA
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

The selected quarterly financial data does not agree to our previously issued quarterly reports as a result of the reclassification of our wholesale business to discontinued operations during the fourth quarter of 2013. Please see the Wholesale Business section of note 14 to the consolidated financial statements for further discussion. Summarized fiscal quarterly financial data for 2013 and 2012 is as follows:

Fiscal Year 2013
First
Second
Third
Fourth
Year
(In thousands, except per share amounts) (a)
 
 
 
 
Net sales
$
1,303,614

$
1,218,800

$
1,143,221

$
1,636,277

$
5,301,912

Gross margin
515,734

478,283

445,626

625,663

2,065,306

Income (loss) from continuing operations
32,621

18,098

(6,929
)
80,979

124,769

Income (loss) from discontinued operations
(288
)
28

(2,588
)
3,374

526

Net income (loss)
32,333

18,126

(9,517
)
84,353

125,295

 
 
 
 
 
 
Earnings (loss) per share - basic:
 
 
 
 
 
Continuing operations
$
0.57

$
0.32

$
(0.12
)
$
1.41

$
2.17

Discontinued operations
(0.01
)
—

(0.05
)
0.06

0.01

 
$
0.56

$
0.32

$
(0.17
)
$
1.47

$
2.18

 
 
 
 
 
 
Earnings (loss) per share - diluted:
 
 
 
 
 
Continuing operations
$
0.56

$
0.31

$
(0.12
)
$
1.39

$
2.15

Discontinued operations
—

—

(0.05
)
0.06

0.01

 
$
0.56

$
0.31

$
(0.17
)
$
1.45

$
2.16

 
 
 
 
 
 
Fiscal Year 2012
First
Second
Third
Fourth
Year
(In thousands, except per share amounts) (a)
 
 
 
 
Net sales
$
1,286,297

$
1,211,378

$
1,124,907

$
1,744,583

$
5,367,165

Gross margin
511,168

476,910

430,934

693,316

2,112,328

Income (loss) from continuing operations
40,819

22,193

(6,182
)
120,139

176,969

Income (loss) from discontinued operations
(73
)
(118
)
195

148

152

Net income (loss)
40,746

22,075

(5,987
)
120,287

177,121

 
 
 
 
 
 
Earnings (loss) per share - basic:
 
 
 
 
 
Continuing operations
$
0.64

$
0.37

$
(0.11
)
$
2.10

$
2.96

Discontinued operations
—

—

—

—

—

 
$
0.64

$
0.37

$
(0.10
)
$
2.10

$
2.96

 
 
 
 
 
 
Earnings (loss) per share - diluted:
 
 
 
 
 
Continuing operations
$
0.63

$
0.36

$
(0.11
)
$
2.08

$
2.93

Discontinued operations
—

—

—

—

—

 
$
0.63

$
0.36

$
(0.10
)
$
2.09

$
2.93



(a)
Earnings per share calculations for each fiscal quarter are based on the applicable weighted-average shares outstanding for each period and the sum of the earnings per share for the four fiscal quarters may not necessarily be equal to the full year earnings per share amount.

In the fourth quarter of 2013, we realigned the merchandise categories reported in our U.S. segment to be consistent with the realignment of our merchandising team. Please see the Reclassifications section of note 1 to the consolidated financial statements for further discussion. The following table presents net sales data by segment and merchandise category by quarter in 2013, as reclassified:

Fiscal Year 2013
 
First
Second
Third
Fourth
Year
(In thousands)
 
 
 
 
 
 
U.S.
 
 
 
 
 
 
 
 
Furniture & Home Décor
 
$
329,287

$
220,798

$
246,093

$
276,232

$
1,072,410

 
Seasonal
 
219,037

247,247

118,081

374,316

958,681

 
Consumables
 
213,826

231,356

226,420

246,522

918,124

 
Food
 
176,324

167,933

185,959

217,624

747,840

 
Hard Home
 
117,697

123,461

121,368

151,706

514,232

 
Electronics & Accessories
 
106,842

93,934

101,711

183,844

486,331

 
Soft Home
 
104,007

96,176

105,286

121,668

427,137

 
   Total U.S.
 
1,267,020

1,180,905

1,104,918

1,571,912

5,124,755

Canada
 
36,594

37,895

38,303

64,365

177,157

Net sales
 
$
1,303,614

$
1,218,800

$
1,143,221

$
1,636,277

$
5,301,912