XML 42 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jul. 28, 2012
Jul. 30, 2011
Jul. 28, 2012
Jul. 30, 2011
Net sales:        
Total net sales $ 662,302 $ 655,529 $ 1,248,876 $ 1,235,913
Cost of sales:        
Total cost of sales 342,045 346,284 674,570 680,035
Gross margin:        
Total gross margin 320,257 309,245 574,306 555,878
Selling, general and administrative expenses 228,667 220,227 441,769 423,223
Operating income 91,590 89,018 132,537 132,655
Interest income 143 114 271 158
Interest expense (508) (343) (941) (655)
Earnings before income taxes 91,225 88,789 131,867 132,158
Provision for income taxes 31,655 31,519 45,717 47,696
Net earnings including noncontrolling interest 59,570 57,270 86,150 84,462
Net (earnings) loss attributable to noncontrolling interest (177) (192) 127 41
Net earnings attributable to common shareholders 59,393 57,078 86,277 84,503
Net earnings per common share attributable to common shareholders (Note 2):        
Basic (in dollars per share) $ 1.16 $ 1.09 $ 1.68 $ 1.62
Diluted (in dollars per share) $ 1.15 $ 1.09 $ 1.67 $ 1.61
Weighted average common shares outstanding (Note 2):        
Basic (in shares) 50,711 51,489 50,822 51,703
Diluted (in shares) 50,932 51,792 51,084 51,994
Cash dividends declared per common share (in dollars per share) $ 0.18 $ 0.12 $ 0.36 $ 0.24
Retail Segment
       
Net sales:        
Retail clothing product 413,024 401,789 833,493 812,050
Tuxedo rental services 154,124 148,267 232,613 221,408
Alteration and other services 37,540 35,978 75,274 73,287
Total net sales 604,688 586,034 1,141,380 1,106,745
Cost of sales:        
Retail clothing product 184,038 178,896 372,644 366,269
Tuxedo rental services 21,235 20,162 32,248 29,969
Alteration and other services 28,145 27,382 55,703 53,683
Occupancy costs 69,367 68,410 138,065 135,581
Total cost of sales 302,785 294,850 598,660 585,502
Gross margin:        
Retail clothing product 228,986 222,893 460,849 445,781
Tuxedo rental services 132,889 128,105 200,365 191,439
Alteration and other services 9,395 8,596 19,571 19,604
Occupancy costs (69,367) (68,410) (138,065) (135,581)
Total gross margin 301,903 291,184 542,720 521,243
Operating income 89,399 88,160 132,766 133,057
Corporate Apparel Segment
       
Net sales:        
Total net sales 57,614 69,495 107,496 129,168
Cost of sales:        
Total cost of sales 39,260 51,434 75,910 94,533
Gross margin:        
Total gross margin 18,354 18,061 31,586 34,635
Operating income $ 2,191 $ 858 $ (229) $ (402)