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Selected Quarterly Financial Data (Unaudited)
12 Months Ended
Feb. 03, 2018
Quarterly Financial Information Disclosure [Abstract]  
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

Summarized fiscal quarterly financial data for 2017 and 2016 is as follows:
Fiscal Year 2017
First
Second
Third
Fourth
Year
(In thousands, except per share amounts) (a)
 
 
 
 
Net sales
$
1,296,787

$
1,221,301

$
1,110,824

$
1,642,068

$
5,270,980

Gross margin
524,275

492,500

443,626

682,041

2,142,442

Net income
51,512

29,120

4,372

104,828

189,832

 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
Basic
$
1.16

$
0.68

$
0.10

$
2.50

$
4.43

Diluted
1.15

0.67

0.10

2.46

4.38

 
 
 
 
 
 
Fiscal Year 2016
First
Second
Third
Fourth
Year
(In thousands, except per share amounts) (a)
 
 
 
 
Net sales
$
1,312,575

$
1,203,155

$
1,105,498

$
1,579,211

$
5,200,439

Gross margin
517,681

486,423

441,992

653,323

2,099,419

Net income
38,659

22,715

1,376

90,078

152,828

 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
Basic
$
0.80

$
0.51

$
0.03

$
2.04

$
3.37

Diluted
0.79

0.50

0.03

1.99

3.32

 








(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.