Quarterly Financial Data

12 Months Ended

Feb. 02, 2013

15. QUARTERLY FINANCIAL DATA

Certain items in the table below have been presented in accordance with ASC 205, which requires that operating results of any disposed assets or assets held for sale to be removed from income from continuing operations and reported as discontinued operations as described in Note 14. Net sales and gross margin data reflect continuing operations only. All amounts in the table below are expressed in thousands of dollars, except per share amounts:


	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
FISCAL YEAR ENDED FEBRUARY 2, 2013:
Net sales	$	162,263		$	197,291		$	215,478		$	228,039
Gross margin		38,117			54,146			60,502			48,215
(Loss) income from continuing operations		(15,164	)		(17,977	)		3,391			(22,468	)
(Loss) income from discontinued operations		(459	)		439			(2,443	)		2,607
Net (loss) income		(15,623	)		(17,538	)		948			(19,861	)
(Loss) income per share from continuing operations, basic and diluted		(0.22	)		(0.27	)		0.05			(0.33	)
(Loss) income per share from discontinued operations, basic and diluted		(0.01	)		0.01			(0.04	)		0.04
Net (loss) income per share, basic and diluted		(0.23	)		(0.26	)		0.01			(0.29	)
Weighted-average shares outstanding		67,583			67,738			67,914			68,005

FISCAL YEAR ENDED JANUARY 28, 2012:
Net sales	$	159,526		$	187,332		$	211,811		$	218,668
Gross margin		31,341			44,631			52,053			42,156
Loss from continuing operations		(26,763	)		(16,336	)		(12,359	)		(26,660	)
Loss from discontinued operations		(4,707	)		(2,923	)		(5,243	)		(11,432	)
Net loss		(31,470	)		(19,259	)		(17,602	)		(38,092	)
Loss per share from continuing operations, basic and diluted		(0.41	)		(0.25	)		(0.18	)		(0.39	)
Loss per share from discontinued operations, basic and diluted		(0.07	)		(0.04	)		(0.08	)		(0.17	)
Net loss per share, basic and diluted		(0.48	)		(0.29	)		(0.26	)		(0.56	)
Weighted-average shares outstanding		66,203			66,344			66,855			67,428

Income (loss) per share amounts are computed for each of the quarters presented based on basic and diluted shares outstanding and, therefore, may not sum to the totals for the year.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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