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Quarterly Financial Information (Unaudited) (Tables)
 12 Months Ended
Feb. 25, 2017
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
The following tables set forth quarterly operating data of the Company, including such data as a percentage of net sales, for fiscal 2017 and 2016. This quarterly information is unaudited but, in management’s opinion, reflects all adjustments, consisting only of normal recurring adjustments necessary for a fair presentation of the information for the periods presented.
 
 
 
Quarter Ended
 
 
May 28, 2016
 
August 27, 2016
 
November 26, 2016
 
February 25, 2017
 
 
(Dollars in thousands, except per share data)
Statement of Operations Data:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
430,044

 
100.0
 %
 
$
485,156

 
100.0
 %
 
$
371,741

 
100.0
 %
 
$
557,452

 
100.0
 %
Cost of sales (including occupancy costs)
 
296,867

 
69.0

 
331,447

 
68.3

 
272,377

 
73.3

 
395,298

 
70.9

Gross profit
 
133,177

 
31.0

 
153,709

 
31.7

 
99,364

 
26.7

 
162,154

 
29.1

Selling, general, and administrative expenses
 
117,549

 
27.3

 
116,511

 
24.0

 
118,133

 
31.7

 
128,705

 
23.1

Impairment charges and store closing costs
 
—

 
—

 
182

 
—

 
—

 
—

 
13,129

 
2.4

Operating income (loss)
 
15,628

 
3.7

 
37,016

 
7.7

 
(18,769
)
 
(5.0
)
 
20,320

 
3.6

Interest (income) expense, net
 
(6
)
 
—

 
32

 
—

 
152

 
0.1

 
101

 
—

Income (loss) from continuing operations before income taxes
 
15,634

 
3.7

 
36,984

 
7.7

 
(18,921
)
 
(5.1
)
 
20,219

 
3.6

Income tax expense (benefit)
 
5,546

 
1.3

 
13,627

 
2.8

 
(8,332
)
 
(2.3
)
 
7,919

 
1.4

Net income (loss) from continuing operations
 
10,088

 
2.4

 
23,357

 
4.9

 
(10,589
)
 
(2.8
)
 
12,300

 
2.2

Net loss from discontinued operations, net of tax
 
(462
)
 
(0.1
)
 
(1,282
)
 
(0.3
)
 
(29,849
)
 
(8.1
)
 
(21,771
)
 
(3.9
)
Net income (loss) attributable to The Finish Line, Inc.
 
$
9,626

 
2.3

 
$
22,075

 
4.6

 
$
(40,438
)
 
(10.9
)
 
$
(9,471
)
 
(1.7
)
Basic earnings (loss) per share attributable to The Finish Line, Inc. shareholders(a):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Continuing operations
 
$
0.24

 
 
 
$
0.56

 
 
 
$
(0.26
)
 
 
 
$
0.30

 
 
Discontinued operations
 
(0.01
)
 
 
 
(0.03
)
 
 
 
(0.74
)
 
 
 
(0.53
)
 
 
Basic earnings (loss) per share attributable to The Finish Line, Inc. shareholders(a)
 
$
0.23

 
 
 
$
0.53

 
 
 
$
(1.00
)
 
 
 
$
(0.23
)
 
 
Diluted earnings (loss) per share attributable to The Finish Line, Inc. shareholders(a):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Continuing operations
 
$
0.24

 
 
 
$
0.56

 
 
 
$
(0.26
)
 
 
 
$
0.30

 
 
Discontinued operations
 
(0.01
)
 
 
 
(0.03
)
 
 
 
(0.74
)
 
 
 
(0.53
)
 
 
Diluted earnings (loss) per share attributable to The Finish Line, Inc. shareholders(a)
 
$
0.23

 
 
 
$
0.53

 
 
 
$
(1.00
)
 
 
 
$
(0.23
)
 
 
Dividends declared per share
 
$
0.10

 
 
 
$
0.10

 
 
 
$
0.10

 
 
 
$
0.11

 
 
 
(a)
Earnings (loss) 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
 
 
May 30, 2015
 
August 29, 2015
 
November 28, 2015
 
February 27, 2016
 
 
(Dollars in thousands, except per share data)
Statement of Operations Data:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
419,398

 
100.0
 %
 
$
458,713

 
100.0
 %
 
$
361,025

 
100.0
 %
 
$
559,845

 
100.0
 %
Cost of sales (including occupancy costs)
 
288,283

 
68.7

 
307,846

 
67.1

 
277,986

 
77.0

 
368,845

 
65.9

Gross profit
 
131,115

 
31.3

 
150,867

 
32.9

 
83,039

 
23.0

 
191,000

 
34.1

Selling, general, and administrative expenses
 
108,076

 
25.8

 
109,449

 
23.9

 
115,716

 
32.1

 
136,594

 
24.4

Impairment charges and store closing costs
 
168

 
—

 
160

 
—

 
167

 
—

 
43,142

 
7.7

Operating income (loss)
 
22,871

 
5.5

 
41,258

 
9.0

 
(32,844
)
 
(9.1
)
 
11,264

 
2.0

Interest expense (income), net
 
2

 
—

 
(1
)
 
—

 
3

 
—

 
61

 
—

Income (loss) from continuing operations before income taxes
 
22,869

 
5.5

 
41,259

 
9.0

 
(32,847
)
 
(9.1
)
 
11,203

 
2.0

Income tax expense (benefit)
 
8,800

 
2.1

 
15,707

 
3.4

 
(13,389
)
 
(3.7
)
 
2,444

 
0.4

Net income (loss) from continuing operations
 
14,069

 
3.4

 
25,552

 
5.6

 
(19,458
)
 
(5.4
)
 
8,759

 
1.6

Net (loss) income from discontinued operations, net of tax
 
(280
)
 
(0.1
)
 
350

 
0.1

 
(2,377
)
 
(0.6
)
 
(4,723
)
 
(0.9
)
Net income (loss) attributable to The Finish Line, Inc.
 
$
13,789

 
3.3

 
$
25,902

 
5.7

 
$
(21,835
)
 
(6.0
)
 
$
4,036

 
0.7

Basic earnings (loss) per share attributable to The Finish Line, Inc. shareholders(a):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Continuing operations
 
$
0.31

 
 
 
$
0.56

 
 
 
$
(0.44
)
 
 
 
$
0.20

 
 
Discontinued operations
 
(0.01
)
 
 
 
0.01

 
 
 
(0.05
)
 
 
 
(0.11
)
 
 
Basic earnings (loss) per share attributable to The Finish Line, Inc. shareholders(a)
 
$
0.30

 
 
 
$
0.57

 
 
 
$
(0.49
)
 
 
 
$
0.09

 
 
Diluted earnings (loss) per share attributable to The Finish Line, Inc. shareholders(a):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Continuing operations
 
$
0.30

 
 
 
$
0.56

 
 
 
$
(0.44
)
 
 
 
$
0.20

 
 
Discontinued operations
 
—

 
 
 
0.01

 
 
 
(0.05
)
 
 
 
(0.11
)
 
 
Diluted earnings (loss) per share attributable to The Finish Line, Inc. shareholders(a)
 
$
0.30

 
 
 
$
0.57

 
 
 
$
(0.49
)
 
 
 
$
0.09

 
 
Dividends declared per share
 
$
0.09

 
 
 
$
0.09

 
 
 
$
0.09

 
 
 
$
0.10

 
 

(a)
Earnings (loss) 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.