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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Feb. 01, 2014
Feb. 02, 2013
Jan. 28, 2012
Sales $ 387,983 [1] $ 399,640 [1] $ 395,867
Cost of goods sold including occupancy costs 209,569 213,881 212,691
Gross profit 178,414 [1] 185,759 [1] 183,176
Expenses:      
Selling, general and administrative 170,652 156,366 151,999
Provision for trademark impairment      23,110
Depreciation and amortization 20,841 15,469 12,533
Total expenses 191,493 171,835 187,642
Operating income (loss) (13,079) [1] 13,924 [1] (4,466)
Other expense     (252)
Interest expense, net (1,046) (621) (556)
Income (loss) from continuing operations before provision (benefit) for income taxes (14,125) [1] 13,303 [1] (5,274)
Provision (benefit) for income taxes 45,661 [2],[3] 5,244 [1],[3] (50,078) [3]
Income (loss) from continuing operations (59,786) 8,059 [1] 44,804
Loss from discontinued operations, net of taxes   (1,933) [1] (2,141)
Net income (loss) $ (59,786) [1] $ 6,126 [1] $ 42,663
Net income (loss) per share-basic:      
Income (loss) from continuing operations $ (1.23) $ 0.17 $ 0.94
Loss from discontinued operations $ 0.00 $ (0.04) $ (0.05)
Net income (loss) per share-basic $ (1.23) $ 0.13 $ 0.90
Net income (loss) per share- diluted:      
Income (loss) from continuing operations $ (1.23) $ 0.17 $ 0.93
Loss from discontinued operations $ 0.00 $ (0.04) $ (0.04)
Net income (loss) per share-diluted $ (1.23) $ 0.13 $ 0.89
Weighted-average number of common shares outstanding:      
Basic 48,473 47,947 47,424
Diluted 48,473 48,385 48,044
[1] Fiscal 2013 was a 52-week year as compared to Fiscal 2012 which was a 53-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 were restated for discontinued operations.
[2] During the fourth quarter of fiscal 2013, the Company recorded a non-cash charge of $51.3 million to establish a valuation allowance against its deferred tax assets. See Note D- Income Taxes for disclosure regarding the realizability of the deferred tax assets at February 1, 2014.
[3] There was no benefit or provision recognized on the loss from discontinued operations for fiscal 2012 or fiscal 2011.