NOTE O — QUARTERLY FINANCIAL DATA (UNAUDITED)

Summarized quarterly financial data for the fiscal years ended January 31, 2018 and 2019 are as follows (in thousands, except per share amounts):


	Quarter Ended
	April 30,		July 31,		October 31,		January 31,
	2018		2018		2018		2019 (1)
Net sales	$	611,743	$	624,698	$	1,072,982	$	766,785
Gross Profit		234,527		231,544		382,100		258,938
Net income		9,885		10,077		94,025		24,080
Net income per common share
Basic	$	0.20	$	0.20	$	1.91	$	0.49
Diluted	$	0.20	$	0.20	$	1.86	$	0.48


	Quarter Ended
	April 30,		July 31,		October 31,		January 31,
	2017		2017		2017		2018 (2)
	(As Adjusted) (3)
Net sales	$	529,042	$	538,006	$	1,024,993	$	714,897
Gross Profit		201,716		202,990		391,096		258,937
Net income (loss)		(10,391)		(8,568)		81,625		(542)
Net income (loss) per common share
Basic	$	(0.21)	$	(0.18)	$	1.67	$	(0.01)
Diluted	$	(0.21)	$	(0.18)	$	1.65	$	(0.01)

⁽¹⁾

During the fourth quarter of fiscal 2019, the Company recorded a $2.8 million impairment charge related to leasehold improvements and furniture and fixtures at certain of Wilsons, G.H. Bass and DKNY stores as a result of the performance at these stores.

⁽²⁾

During the fourth quarter of fiscal 2018, the Company recorded (i) a $6.5 million impairment charge related to leasehold improvements and furniture and fixtures at certain of Wilsons, G.H. Bass and Vilebrequin stores as a result of the performance at these stores, (ii) a $0.7 million impairment charge with respect to furniture and fixtures located in certain customers’ stores and (iii) a $0.7 million write-off of goodwill related to the retail operations segment as a result of the performance of the retail operations segment.

⁽³⁾

Certain reclassifications have been made as a result of the Company’s reclassifying the impact of certain components of foreign currency gain (loss) from cost of goods sold and interest expense to other loss.