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Quarterly Results (Tables)
12 Months Ended
Feb. 01, 2014
Quarterly Results [Abstract]  
Schedule of Quarterly Results

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 2013 and 2012 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 2013(1)   First
Quarter
    Second
Quarter
    Third
Quarter
    Fourth
Quarter (2)
 
                         
Net sales   $ 232,287     $ 216,417     $ 235,770     $ 200,311  
Gross profit     68,613       62,511       71,011       57,182  
Operating income     15,246       9,558       17,815       1,048  
Net income     9,519       5,838       10,916       598  
Net income per share - Basic(3)   $ 0.47     $ 0.29     $ 0.54     $ 0.03  
Net income per share - Diluted(3)   $ 0.47     $ 0.29     $ 0.54     $ 0.03  

 

Fiscal 2012(1)   First
Quarter
    Second
Quarter
    Third
Quarter
    Fourth
Quarter(2)
 
                                 
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 (3)   $ 0.54     $ 0.14     $ 0.60     $ 0.13  
Net income per share - Diluted (3)   $ 0.54     $ 0.14     $ 0.60     $ 0.13  

 

  (1) Our fiscal year is a 52/53 week year ending on the Saturday closest to January 31. Fiscal year 2012 consisted of the 53 weeks ended February 2, 2013, while fiscal year 2013 consists of 52 weeks. The 53rd week in fiscal 2012 caused a one-week shift in our fiscal calendar. As a result, each of our first three quarters in fiscal 2013 was shifted one week later compared to fiscal 2012. This one-week shift impacts our year-over-year sales comparisons due to seasonal sales influences.
  (2) The fourth quarter of fiscal 2013 included 13 weeks compared to 14 weeks in the fourth quarter of fiscal 2012.
  (3) 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.