Quarterly Financial Information (Unaudited) (Tables)

12 Months Ended

Mar. 03, 2012

Quarterly Financial Information

Quarterly Financial Information

	Quarter Ended
	May 28, 2011				August 27, 2011				November 26, 2011				March 3, 2012(a)
	(Dollars in thousands, except per share data)
Statement of Operations Data:
Net sales	$	299,474	100.0	%	$	331,514	100.0	%	$	282,011	100.0	%	$	456,260	100.0	%
Cost of sales (including occupancy costs)		196,211	65.5			215,180	64.9			191,002	67.7			286,737	62.8
Gross profit		103,263	34.5			116,334	35.1			91,009	32.3			169,523	37.2
Selling, general and administrative expenses		76,675	25.6			82,076	24.7			83,067	29.5			101,811	22.3
Store closing costs		17	—			580	0.2			368	0.1			226	0.1
Impairment charges		—	—			—	—			—	—			974	0.2
Operating income		26,571	8.9			33,678	10.2			7,574	2.7			66,512	14.6
Interest income, net		142	—			139	—			109	—			57	—
Income before income taxes		26,713	8.9			33,817	10.2			7,683	2.7			66,569	14.6
Income tax expense		10,297	3.4			12,897	3.9			2,135	0.7			24,649	5.4
Net income	$	16,416	5.5	%	$	20,920	6.3	%	$	5,548	2.0	%	$	41,920	9.2	%
Net income per basic share(b):	$	0.31			$	0.40			$	0.11			$	0.81
Net income per diluted share(b):	$	0.30			$	0.39			$	0.11			$	0.80
Dividends declared per share	$	0.05			$	0.05			$	0.05			$	0.06

	Quarter Ended
	May 29, 2010					August 28, 2010				November 27, 2010					February 26, 2011
	(Dollars in thousands, except per share data)
Statement of Operations Data:
Net sales	$	282,398		100.0	%	$	301,070	100.0	%	$	260,935		100.0	%	$	384,599		100.0	%
Cost of sales (including occupancy costs)		188,428		66.7			201,301	66.9			179,056		68.6			246,288		64.0
Gross profit		93,970		33.3			99,769	33.1			81,879		31.4			138,311		36.0
Selling, general and administrative expenses		71,779		25.4			72,778	24.2			75,278		28.9			82,883		21.6
Store closing costs		—		—			—	—			87		—			263		0.1
Impairment charges		—		—			—	—			—		—			1,228		0.3
Operating income		22,191		7.9			26,991	8.9			6,514		2.5			53,937		14.0
Interest income, net		64		—			155	0.1			151		0.1			138		—
Income from continuing operations before income taxes		22,255		7.9			27,146	9.0			6,665		2.6			54,075		14.0
Income tax expense		8,586		3.1			10,342	3.4			2,531		1.0			19,818		5.1
Income from continuing operations		13,669		4.8			16,804	5.6			4,134		1.6			34,257		8.9
(Loss) income from discontinued operations, net of income tax		(23	)	—			10	—			(12	)	—			(5	)	—
Net income	$	13,646		4.8	%	$	16,814	5.6	%	$	4,122		1.6	%	$	34,252		8.9	%
Income (loss) per basic share(b):
Income from continuing operations		0.25				$	0.31			$	0.08				$	0.64
Loss from discontinued operations		—					—				—					—
Net income	$	0.25				$	0.31			$	0.08				$	0.64
Income (loss) per diluted share(b):
Income from continuing operations		0.25				$	0.31			$	0.08				$	0.63
Loss from discontinued operations		—					—				—					—
Net income	$	0.25				$	0.31			$	0.08				$	0.63
Dividends declared per share	$	0.04				$	0.04			$	0.04				$	0.05

(a) The Company utilizes the retail calendar for reporting. As such, the results for 2012 represent the 53 week period ended March 3, 2012 and 2011 represent the 52 week period ended February 26, 2011. The 2012 fourth quarter consists of a 14 week period versus a 13 week period in 2011.

(b) Income (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.