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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Aug. 01, 2020
Aug. 03, 2019
Aug. 01, 2020
Aug. 03, 2019
Net sales $ 1,644,197 $ 1,252,414 $ 3,083,346 $ 2,548,210
Cost of sales (exclusive of depreciation expense shown separately below) 960,633 754,184 1,829,026 1,530,933
Gross margin 683,564 498,230 1,254,320 1,017,277
Selling and administrative expenses 504,000 455,026 962,631 915,631
Depreciation expense 33,974 30,023 71,664 62,820
Gain on sale of distribution centers (463,053) 0 (463,053) 0
Operating profit 608,643 13,181 683,078 38,826
Interest expense (2,548) (4,565) (5,870) (8,298)
Other income (expense) 1,357 (789) (1,960) 121
Income before income taxes 607,452 7,827 675,248 30,649
Income tax expense 155,480 1,649 173,953 8,931
Net income and comprehensive income $ 451,972 $ 6,178 $ 501,295 $ 21,718
Earnings per common share        
Earnings per common share - basic (in dollars per share) $ 11.52 $ 0.16 $ 12.79 $ 0.55
Earnings per common share - diluted (in dollars per share) $ 11.29 $ 0.16 $ 12.66 $ 0.55
Weighted-average common shares outstanding:        
Basic 39,239 39,000 39,184 39,461
Dilutive effect of share-based awards 801 77 419 83
Diluted 40,040 39,077 39,603 39,544
Cash dividends declared per common share $ 0.30 $ 0.30 $ 0.60 $ 0.60