21. 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 2018 and 2017 are presented below (in thousands, except per share amounts):


	Fiscal 2018 Quarters Ended
	May 5,		August 4,		November 3,		February 2,
	2018 (2)		2018(3)		2018(4)		2019 (5)
Net sales	$	817,964	$	823,430	$	812,747	$	785,761
Gross margin		345,224		368,902		362,735		300,606
Net earnings	$	13,909	$	49,238	$	13,875	$	6,218
Net earnings per common share:
Basic(1)	$	0.28	$	0.99	$	0.28	$	0.12
Diluted(1)	$	0.27	$	0.97	$	0.27	$	0.12


	Fiscal 2017 Quarters Ended
	April 29,		July 29,		October 28,		February 3,
	2017 (6)		2017		2017		2018 (7)
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:
Basic(1)	$	0.04	$	1.19	$	0.75	$	(0.01)
Diluted(1)	$	0.04	$	1.19	$	0.75	$	(0.01)

⁽¹⁾

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 for the respective years.

⁽²⁾

Includes pre-tax expenses of $15.5 million with $11.9 million relating to the refinancing of the Term Loan and $3.6 million relating to the loss upon divestiture of the MW Cleaners business. Of the $15.5 million, $3.6 million is included in SG&A and $11.9 million is included in loss on extinguishment of debt.

⁽³⁾

Includes pre-tax expenses of $12.7 million with $8.1 million relating to the partial redemption of senior notes, $4.4 million relating to the closure of a rental product distribution center and $0.2 million relating to the divestiture of the MW Cleaners business. Of the $12.7 million, $4.0 million is included in cost of sales, $0.6 million is included in SG&A and $8.1 million is included in loss on extinguishment of debt.

⁽⁴⁾

Includes pre-tax expenses of $40.4 million with $24.0 million relating to a goodwill impairment charge for the corporate apparel reporting unit, $9.4 million relating to the repricing of the Term Loan, $6.4 million relating to CEO retirement costs and $0.6 million relating to the closure of a rental product distribution center. Of the $40.4 million, less than $0.1 million is included in cost of sales, $7.0 million is included in SG&A, $24.0 million is included in goodwill impairment charges and $9.4 million is included in loss on extinguishment of debt.

⁽⁵⁾

Includes a $17.6 million increase in net sales reflecting the impact of changes related to our loyalty programs. In addition, within provision for income taxes, includes a discrete net tax benefit of $6.1 million related to the completion of our accounting for the effects of the Tax Reform Act.

⁽⁶⁾

Includes pre-tax expenses of $17.2 million relating to the termination of the tuxedo rental license agreement with Macy’s. Of the $17.2 million, $1.4 million is included in cost of sales and $15.8 million is included in SG&A.

⁽⁷⁾

Includes an extra week as a result of the 53-week fiscal year. In addition, 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.