XML 72 R58.htm IDEA: XBRL DOCUMENT v2.4.0.6
Quarterly Financial Information (Detail) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Mar. 03, 2012
Nov. 26, 2011
Aug. 27, 2011
May 28, 2011
Feb. 26, 2011
Nov. 27, 2010
Aug. 28, 2010
May 29, 2010
Feb. 27, 2010
Mar. 03, 2012
Feb. 26, 2011
Feb. 27, 2010
Quarterly Financial Information [Line Items]                        
Net sales $ 456,260 [1] $ 282,011 $ 331,514 $ 299,474 $ 384,599 $ 260,935 $ 301,070 $ 282,398   $ 1,369,259 $ 1,229,002 $ 1,172,415
Cost of sales (including occupancy costs) 286,737 [1] 191,002 215,180 196,211 246,288 179,056 201,301 188,428   889,130 815,073 793,556
Gross profit 169,523 [1] 91,009 116,334 103,263 138,311 81,879 99,769 93,970   480,129 413,929 378,859
Selling, general and administrative expenses 101,811 [1] 83,067 82,076 76,675 82,883 75,278 72,778 71,779   343,629 302,718 297,323
Store closing costs 226 [1] 368 580 17 263 87       1,191 350 2,707
Impairment charges 974 [1]       1,228       6,771 974 1,228 6,771
Operating income 66,512 [1] 7,574 33,678 26,571 53,937 6,514 26,991 22,191   134,335 109,633 72,058
Interest income, net 57 [1] 109 139 142 138 151 155 64   447 508 322
Income before income taxes 66,569 [1] 7,683 33,817 26,713 54,075 6,665 27,146 22,255   134,782 110,141 72,380
Income tax expense 24,649 [1] 2,135 12,897 10,297 19,818 2,531 10,342 8,586   49,978 41,277 21,547
Income from continuing operations         34,257 4,134 16,804 13,669   84,804 68,864 50,833
(Loss) income from discontinued operations, net of income tax         (5) (12) 10 (23)     (30) (15,161)
Net income $ 41,920 [1] $ 5,548 $ 20,920 $ 16,416 $ 34,252 $ 4,122 $ 16,814 $ 13,646   $ 84,804 $ 68,834 $ 35,672
Income (loss) per basic share:                        
Income from continuing operations         $ 0.64 $ 0.08 $ 0.31 $ 0.25   $ 1.62 $ 1.28 $ 0.92
Loss from discontinued operations                           $ (0.27)
Net income $ 0.81 [1],[2] $ 0.11 [2] $ 0.40 [2] $ 0.31 [2] $ 0.64 [2] $ 0.08 [2] $ 0.31 [2] $ 0.25 [2]   $ 1.62 $ 1.28 $ 0.65
Income (loss) per diluted share:                        
Income from continuing operations         $ 0.63 $ 0.08 $ 0.31 $ 0.25   $ 1.59 $ 1.26 $ 0.92
Loss from discontinued operations                           $ (0.28)
Net income $ 0.80 [1],[2] $ 0.11 [2] $ 0.39 [2] $ 0.30 [2] $ 0.63 [2] $ 0.08 [2] $ 0.31 [2] $ 0.25 [2]   $ 1.59 $ 1.26 $ 0.64
Dividends declared per share $ 0.06 [1] $ 0.05 $ 0.05 $ 0.05 $ 0.05 $ 0.04 $ 0.04 $ 0.04   $ 0.21 $ 0.17 $ 0.13
Net sales, percentage 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%        
Cost of sales (including occupancy costs), percentage 62.80% 67.70% 64.90% 65.50% 64.00% 68.60% 66.90% 66.70%        
Gross profit, percentage 37.20% 32.30% 35.10% 34.50% 36.00% 31.40% 33.10% 33.30%        
Selling, general and administrative expenses, percentage 22.30% 29.50% 24.70% 25.60% 21.60% 28.90% 24.20% 25.40%        
Store closing costs, percentage 0.10% 0.10% 0.20%   0.10%              
Impairment charges, percentage 0.20%       0.30%              
Operating income, percentage 14.60% 2.70% 10.20% 8.90% 14.00% 2.50% 8.90% 7.90%        
Interest income, net, percentage           0.10% 0.10%          
Income before income taxes, percentage 14.60% 2.70% 10.20% 8.90% 14.00% 2.60% 9.00% 7.90%        
Income tax expense, percentage 5.40% 0.70% 3.90% 3.40% 5.10% 1.00% 3.40% 3.10%        
Income from continuing operations, percentage         8.90% 1.60% 5.60% 4.80%        
(Loss) income from discontinued operations, net of income tax, percentage                            
Net income, percentage 9.20% 2.00% 6.30% 5.50% 8.90% 1.60% 5.60% 4.80%        
[1] 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.
[2] 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.