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QUARTERLY RESULTS OF OPERATIONS (Unaudited)
 12 Months Ended
Feb. 03, 2018
QUARTERLY RESULTS OF OPERATIONS (Unaudited)  
QUARTERLY RESULTS OF OPERATIONS (Unaudited)

20.  QUARTERLY RESULTS OF OPERATIONS (Unaudited)

Our quarterly results of operations reflect all 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 2017 and 2016 are presented below (in thousands, except per share amounts):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2017 Quarters Ended

 

 

 

April 29,

 

July 29,

 

October 28,

 

February 3,

 

 

    

2017 (1)

    

2017

    

2017

    

2018 (2) 

 

Net sales

 

$

782,906

 

$

850,758

 

$

810,818

 

$

859,864

 

Gross margin

 

 

332,440

 

 

396,696

 

 

358,757

 

 

320,873

 

Net earnings (loss)

 

$

1,839

 

$

58,471

 

$

36,892

 

$

(499)

 

Net earnings (loss) per common share allocated to common shareholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic(3)

 

$

0.04

 

$

1.19

 

$

0.75

 

$
(0.01)

 

Diluted(3)

 

$

0.04

 

$

1.19

 

$

0.75

 

$
(0.01)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2016 Quarters Ended

 

 

 

April 30,

 

July 30,

 

October 29,

 

January 28,

 

 

    

2016 (4)

    

2016 (5)

    

2016 (6)

    

2017 (7)

 

Net sales

 

$

828,822

 

$

909,684

 

$

846,934

 

$

793,263

 

Gross margin

 

 

351,841

 

 

410,304

 

 

377,206

 

 

302,117

 

Net earnings (loss)

 

$

1,637

 

$

24,975

 

$

28,433

 

$

(30,089)

 

Net earnings (loss) per common share allocated to common shareholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic(3)

 

$

0.03

 

$

0.51

 

$

0.58

 

$
(0.62)

 

Diluted(3)

 

$

0.03

 

$

0.51

 

$

0.58

 

$
(0.62)

 

(1)

Includes pre-tax expenses of $17.2 million relating to the termination of the tuxedo rental license agreement with Macy’s.

(2)

Within provision for income taxes, includes $18.3 million related to a favorable tax resolution offset by a change in our position on permanently reinvested foreign earnings totaling $17.3 million.

(3)

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

(4)

Includes pre-tax expenses of $16.5 million consisting primarily of restructuring and other charges of $13.2 million.

(5)

Includes pre-tax expenses of $39.4 million consisting primarily of restructuring and other charges of $35.0 million.

(6)

Includes pre-tax expenses of $12.3 million consisting primarily of restructuring and other charges of $10.9 million.

(7)

Includes pre-tax expenses of $28.2 million consisting primarily of asset impairment charges of $15.1 million and restructuring and other charges of $9.0 million.