Quarterly Financial Information (Unaudited)

12 Months Ended

Feb. 28, 2015

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information (Unaudited)

Quarterly Financial Information (Unaudited)

The Company’s merchandise is marketed during all seasons, with the highest volume of merchandise sold during the second and fourth fiscal quarters as a result of back-to-school and holiday shopping. The third fiscal quarter has traditionally had the lowest volume of merchandise sold and the lowest results of operations.

The following tables set forth quarterly operating data of the Company, including such data as a percentage of net sales, for fiscal 2015 and 2014. This quarterly information is unaudited but, in management’s opinion, reflects all adjustments, consisting only of normal recurring adjustments, other than those noted, necessary for a fair presentation of the information for the periods presented.

	Quarter Ended
	May 31, 2014				August 30, 2014					November 29, 2014					February 28, 2015
	(Dollars in thousands, except per share data)
Statement of Operations Data:
Net sales	$	406,531	100.0	%	$	466,880		100.0	%	$	395,828		100.0	%	$	551,347		100.0	%
Cost of sales (including occupancy costs)	277,651		68.3		311,760			66.8		284,074			71.8		363,298			65.9
Gross profit	128,880		31.7		155,120			33.2		111,754			28.2		188,049			34.1
Selling, general, and administrative expenses	108,896		26.8		111,882			24.0		114,923			29.0		123,754			22.4
Impairment charges and store closing costs	2,314		0.6		379			—		462			0.1		763			0.1
Operating income (loss)	17,670		4.3		42,859			9.2		(3,631		)	(0.9	)	63,532			11.6
Interest (expense) income, net	7		—		(1		)	—		—			—		(21		)	—
Income (loss) before income taxes	17,677		4.3		42,858			9.2		(3,631		)	(0.9	)	63,511			11.6
Income tax expense (benefit)	7,022		1.7		16,699			3.6		(6,126		)	(1.5	)	23,078			4.2
Net income	10,655		2.6		26,159			5.6		2,495			0.6		40,433			7.4
Net loss (income) attributable to redeemable noncontrolling interest	1,780		0.5		(2		)	—		83			0.1		390			—
Net income attributable to The Finish Line, Inc.	$	12,435	3.1	%	$	26,157		5.6	%	$	2,578		0.7	%	$	40,823		7.4	%
Basic earnings per share attributable to The Finish Line, Inc. shareholders(a)	$	0.26			$	0.54				$	0.05				$	0.87
Diluted earnings per share attributable to The Finish Line, Inc. shareholders(a)	$	0.25			$	0.54				$	0.05				$	0.87
Dividends declared per share	$	0.08			$	0.08				$	0.08				$	0.09

(a) Earnings per share is computed independently for each of the quarters presented. Therefore, the sum of the quarterly amounts may not equal the total for the fiscal year.

	Quarter Ended
	June 1, 2013				August 31, 2013				November 30, 2013				March 1, 2014
	(Dollars in thousands, except per share data)
Statement of Operations Data:
Net sales	$	351,053	100.0	%	$	436,030	100.0	%	$	364,455	100.0	%	$	518,872	100.0	%
Cost of sales (including occupancy costs)	244,058		69.5		289,693		66.4		256,607		70.4		332,609		64.1
Gross profit	106,995		30.5		146,337		33.6		107,848		29.6		186,263		35.9
Selling, general, and administrative expenses	99,356		28.3		103,455		23.8		104,092		28.6		117,668		22.7
Impairment charges and store closing costs	186		0.1		17		—		1,007		0.2		1,557		0.3
Operating income	7,453		2.1		42,865		9.8		2,749		0.8		67,038		12.9
Interest income, net	14		—		10		—		3		—		10		—
Gain on sale of investment	—		—		—		—		—		—		2,076		0.4
Income before income taxes	7,467		2.1		42,875		9.8		2,752		0.8		69,124		13.3
Income tax expense	2,953		0.8		16,682		3.8		1,161		0.4		26,370		5.1
Net income	4,514		1.3		26,193		6.0		1,591		0.4		42,754		8.2
Net loss attributable to redeemable noncontrolling interest	561		0.1		314		0.1		727		0.2		249		0.1
Net income attributable to The Finish Line, Inc.	$	5,075	1.4	%	$	26,507	6.1	%	$	2,318	0.6	%	$	43,003	8.3	%
Basic earnings per share attributable to The Finish Line, Inc. shareholders(a)	$	0.10			$	0.54			$	0.05			$	0.88
Diluted earnings per share attributable to The Finish Line, Inc. shareholders(a)	$	0.10			$	0.54			$	0.05			$	0.87
Dividends declared per share	$	0.07			$	0.07			$	0.07			$	0.08

(a) Earnings per share is computed independently for each of the quarters presented. Therefore, the sum of the quarterly amounts may not equal the total for the fiscal year.