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CONDENSED CONSOLIDATED STATEMENTS OF (LOSS) EARNINGS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
May 02, 2020
May 04, 2019
Net sales:    
Total net sales $ 286,703 $ 724,662
Cost of sales:    
Total cost of sales 257,017 419,787
Gross margin:    
Total gross margin 29,686 304,875
Advertising expense 22,747 44,669
Selling, general and administrative expenses 154,082 231,018
Goodwill and intangible asset impairment charges 167,966  
Asset impairment charges 26,319 184
Gain on sale of trademarks, net (82,690)  
Operating (loss) income (258,738) 29,004
Interest income 59 96
Interest expense (17,726) (18,663)
(Loss) earnings before income taxes (276,405) 10,437
(Benefit) provision for income taxes (6,517) 3,957
Net (loss) earnings from continuing operations (269,888) 6,480
Earnings from discontinued operations, net of tax   662
Net (loss) earnings $ (269,888) $ 7,142
Net (loss) earnings from continuing operations per common share:    
Basic (in dollars per share) $ (5.55) $ 0.13
Diluted (in dollars per share) (5.55) 0.13
Net earnings from discontinued operations per common share:    
Basic (in dollars per share)   0.01
Diluted (in dollars per share)   0.01
Net (loss) earnings per common share:    
Basic (in dollars per share) (5.55) 0.14
Diluted (in dollars per share) $ (5.55) $ 0.14
Weighted-average common shares outstanding:    
Basic (in shares) 48,596 50,280
Diluted (in shares) 48,596 50,587
Retail clothing product    
Net sales:    
Total net sales $ 249,142 $ 594,779
Cost of sales:    
Total cost of sales 131,892 269,191
Gross margin:    
Total gross margin 117,250 325,588
Rental services    
Net sales:    
Total net sales 22,253 93,740
Cost of sales:    
Total cost of sales 4,674 13,017
Gross margin:    
Total gross margin 17,579 80,723
Total alteration and other services    
Net sales:    
Total net sales 15,308 36,143
Cost of sales:    
Total cost of sales 19,338 33,847
Gross margin:    
Total gross margin (4,030) 2,296
Occupancy costs    
Cost of sales:    
Total cost of sales 101,113 103,732
Gross margin:    
Total gross margin $ (101,113) $ (103,732)