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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Feb. 02, 2013
Jan. 28, 2012
Jan. 29, 2011
Sales $ 399,640 [1] $ 395,867 [1] $ 392,016
Cost of goods sold including occupancy costs 213,881 212,691 212,153
Gross profit 185,759 [1] 183,176 [1] 179,863
Expenses:      
Selling, general and administrative 156,366 151,999 148,394
Provision for trademark impairment    23,110 [1],[2]  
Depreciation and amortization 15,469 12,533 13,227
Total expenses 171,835 187,642 161,621
Operating income (loss) 13,924 [1] (4,466) [1],[2] 18,242
Other income (expense), net   (252) 531
Interest expense, net (621) (556) (689)
Income (loss) from continuing operations before provision (benefit) for income taxes 13,303 [1] (5,274) [1] 18,084
Provision (benefit) for income taxes 5,244 [1],[3] (50,078) [1],[3],[4] 720 [3]
Income from continuing operations 8,059 [1] 44,804 [1] 17,364
Loss from discontinued operations, net of taxes (1,933) [1] (2,141) [1] (1,993)
Net income $ 6,126 [1] $ 42,663 [1] $ 15,371
Net income per share-basic:      
Income from continuing operations $ 0.17 $ 0.94 $ 0.37
Loss from discontinued operations $ (0.04) $ (0.05) $ (0.04)
Net income per share-basic $ 0.13 [1] $ 0.90 [1] $ 0.33
Net income per share-diluted:      
Income from continuing operations $ 0.17 $ 0.93 $ 0.37
Loss from discontinued operations $ (0.04) $ (0.04) $ (0.04)
Net income per share-diluted $ 0.13 [1] $ 0.89 [1] $ 0.32
Weighted-average number of common shares outstanding:      
Basic 47,947 47,424 46,946
Diluted 48,385 48,044 47,565
[1] Fiscal 2012 was a 53-week year as compared to fiscal 2011 which was a 52-week year. As discussed in Note J, during the second quarter of fiscal 2012, the Company exited is European Direct business. Accordingly, the operating results for the first quarter of fiscal 2012 and all periods of fiscal 2011 have been restated for discontinued operations.
[2] During the fourth quarter of fiscal 2011, the Company recorded an impairment charge of $23.1 million against the carrying value of its "Casual Male" trademark, see Note A.
[3] There was no benefit or provision recognized on the loss from discontinued operations for fiscal 2012, fiscal 2011 or fiscal 2010.
[4] During the fourth quarter of fiscal 2011, the Company reversed substantially of all of its valuation allowance against its deferred tax assets in the amount of $42.5 million which was reflected an income tax benefit for fiscal 2011, see Note D.