Quarterly Results

12 Months Ended

Feb. 02, 2013

Note 13 - Quarterly Results (Unaudited)

Quarterly results are determined in accordance with the accounting policies used for annual data and include certain items based upon estimates for the entire year. All fiscal quarters in 2012 and 2011 include results for 13 weeks except for the fourth quarter of 2012, which includes results for 14 weeks.

(In thousands, except per share data)

Fiscal 2012	First Quarter		Second Quarter		Third Quarter		Fourth Quarter ⁽¹⁾

Net sales	$	222,613	$	182,207	$	244,434	$	205,744
Gross profit		68,539		52,329		76,435		60,174
Operating income		17,977		4,692		20,560		5,265
Net income		11,020		2,859		12,248		3,211
Net income per share - Basic ⁽²⁾	$	0.54	$	0.14	$	0.60	$	0.13
Net income per share - Diluted ⁽²⁾	$	0.54	$	0.14	$	0.60	$	0.13

Fiscal 2011	First Quarter		Second Quarter		Third Quarter		Fourth Quarter ⁽¹⁾

Net sales	$	198,450	$	166,672	$	215,472	$	181,940
Gross profit		61,760		46,373		65,155		51,565
Operating income		16,135		4,114		16,879		5,009
Net income		9,919		2,715		10,473		3,275
Net income per share - Basic ⁽²⁾	$	0.51	$	0.14	$	0.52	$	0.16
Net income per share - Diluted ⁽²⁾	$	0.50	$	0.14	$	0.52	$	0.16

(1)

The fourth quarter of fiscal 2012 included 14 weeks compared to 13 weeks in the fourth quarter of fiscal 2011.

(2)

Per share amounts are computed independently for each of the quarters presented. The sum of the quarters may not equal the total year due to the impact of changes in weighted shares outstanding and differing applications of earnings under the two-class method. Additionally, during the fourth quarter of fiscal 2012 there was a $0.03 reduction in earnings per diluted share due to the application of the two-class method of computing earnings per share in connection with the $1.00 per share special cash dividend paid in December 2012.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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