XML 41 R27.htm IDEA: XBRL DOCUMENT v3.3.1.900
Quarterly Financial Data
 12 Months Ended
Jan. 30, 2016
Quarterly Financial Data [Abstract]  
Quarterly Financial Data

NOTE 19 — Quarterly Financial Data (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2015 Quarters (1)

 

(in thousands, except per share data)

    

First

    

Second

    

Third

    

Fourth

 

Net sales

 

$
91,621

 

$
93,997

 

$
103,641

 

$
94,569

 

Operating (loss) income

 

 
(2,496)

 

 
(1,710)

 

 
335

 

 
(7,393)

 

Net loss

 

 
(1,442)

 

 
(710)

 

 
(315)

 

 
(46,627)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss per share data:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$
(0.04)

 

$
(0.02)

 

$
(0.01)

 

$
(1.26)

 

Diluted

 

$
(0.04)

 

$
(0.02)

 

$
(0.01)

 

$
(1.26)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2014 Quarters (1)

 

(in thousands, except per share data)

    

First

    

Second

    

Third

    

Fourth (2)

 

Net sales

 

$
103,366

 

$
106,633

 

$
110,610

 

$
97,975

 

Operating income (loss)

 

 
2,792

 

 
3,250

 

 
9,344

 

 
(5,971)

 

Net income

 

 
2,616

 

 
3,362

 

 
8,983

 

 
32,164

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share data:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$
0.07

 

$
0.09

 

$
0.24

 

$
0.87

 

Diluted

 

$
0.07

 

$
0.09

 

$
0.24

 

$
0.86

 

(1)

The summation of quarterly per share data may not equate to the calculation for the full fiscal year as quarterly calculations are performed on a discrete basis.

(2)

As described in Note 1, in connection with the preparation of the Company’s consolidated financial statements for the fiscal year ended January 31, 2015, the Company determined that its calculation of deferred rent expense was incorrect.  The Company corrected the error in the fourth quarter of fiscal 2014, which resulted in an increase to rent expense of approximately $3.6 million.  The effect of the correction was to decrease operating income for the 2014 fourth quarter by approximately $3.6 million; net income for the fourth quarter was reduced by approximately $2.2 million.  The Company concluded that this correction was immaterial to the related consolidated financial statements as a whole.