QUARTERLY RESULTS OF OPERATIONS (Unaudited)

12 Months Ended

Feb. 01, 2014

QUARTERLY RESULTS OF OPERATIONS (Unaudited)

QUARTERLY RESULTS OF OPERATIONS (Unaudited)

17. QUARTERLY RESULTS OF OPERATIONS (Unaudited)

Our quarterly results of operations reflect all adjustments, consisting only of normal, recurring adjustments, which are, in the opinion of management, necessary for a fair statement of the results for the interim periods presented. The consolidated results of operations by quarter for fiscal 2013 and 2012 are presented below (in thousands, except per share amounts):

	Fiscal 2013 Quarters Ended
	May 4, 2013		August 3, 2013(1)		November 2, 2013(2)		February 1, 2014(3)
Net sales	$	616,536	$	647,255	$	648,890	$	560,552
Gross margin		277,920		308,794		293,502		208,794
Net earnings (loss) attributable to common shareholders	$	33,091	$	42,943	$	38,204	$	(30,447	)
Net earnings (loss) per common share attributable to common shareholders:
Basic(5)	$	0.65	$	0.86	$	0.80	$	(0.64	)
Diluted(5)	$	0.65	$	0.85	$	0.79	$	(0.64	)

	Fiscal 2012 Quarters Ended
	April 28, 2012		July 28, 2012		October 27, 2012		February 2, 2013(4)
Net sales	$	586,574	$	662,302	$	630,974	$	608,428
Gross margin		254,049		320,257		290,697		243,145
Net earnings (loss) attributable to common shareholders	$	26,884	$	59,393	$	48,843	$	(3,404	)
Net earnings (loss) per common share attributable to common shareholders:
Basic(5)	$	0.52	$	1.16	$	0.95	$	(0.07	)
Diluted(5)	$	0.52	$	1.15	$	0.95	$	(0.07	)

(1)

Includes a pre-tax charge of $9.5 million related to K&G goodwill impairment and pre-tax expenses totaling $2.9 million related to the acquisition and integration of JA Holding and separation costs with a former executive.

(2)

Includes pre-tax expenses totaling $9.7 million related to the acquisition and integration of JA Holding, costs related to various strategic projects, separation costs with former executives and a New York store related closure costs offset by a pre-tax gain of $2.2 million related to the sale of an office building in Fremont, California.

(3)

Includes pre-tax expenses totaling $19.0 million related to the acquisition and integration of JA Holding, costs related to various strategic projects, separation costs with former executives, K&G e-commerce closure costs and a tradename impairment charge.

(4)

The fourth quarter of fiscal 2012 consisted of 14 weeks. All other fiscal quarters presented consisted of 13 weeks.

(5)

Due to the method of calculating weighted-average common shares outstanding, the sum of the quarterly per share amounts may not equal net earnings per common share attributable to common shareholders for the respective years.