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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Oct. 31, 2020
Nov. 02, 2019
Oct. 31, 2020
Nov. 02, 2019
Net sales $ 1,377,925 $ 1,167,988 $ 4,461,271 $ 3,716,198
Cost of sales (exclusive of depreciation expense shown separately below) 820,032 704,602 2,649,058 2,235,535
Gross margin 557,893 463,386 1,812,213 1,480,663
Selling and administrative expenses 482,307 436,714 1,444,938 1,352,345
Depreciation expense 33,086 34,752 104,750 97,572
Gain on sale of distribution centers 0 (178,534) (463,053) (178,534)
Operating profit 42,500 170,454 725,578 209,280
Interest expense (2,586) (5,359) (8,456) (13,657)
Other income (expense) (484) (322) (2,444) (201)
Income before income taxes 39,430 164,773 714,678 195,422
Income tax expense 9,520 37,791 183,473 46,722
Net income and comprehensive income $ 29,910 $ 126,982 $ 531,205 $ 148,700
Earnings per common share        
Earnings per common share - basic (in dollars per share) $ 0.79 $ 3.25 $ 13.69 $ 3.78
Earnings per common share - diluted (in dollars per share) $ 0.76 $ 3.25 $ 13.46 $ 3.77
Weighted-average common shares outstanding:        
Basic 38,054 39,017 38,807 39,313
Dilutive effect of share-based awards 1,137 77 659 85
Diluted 39,191 39,094 39,466 39,398
Cash dividends declared per common share $ 0.30 $ 0.30 $ 0.90 $ 0.90