Quarterly Results (Unaudited)

12 Months Ended

Feb. 01, 2020

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results (Unaudited)

Note 15 – 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 2019 and 2018 include results for 13 weeks.

(In thousands, except per share data)

Fiscal 2019	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Net sales	$	253,810	$	268,221	$	274,645	$	239,875
Gross profit		75,140		82,095		84,734		69,900
Operating income		15,608		15,674		18,150		4,777
Net income		13,873		11,832		13,726		3,483
Net income per share – Basic (1)	$	0.95	$	0.81	$	0.95	$	0.25
Net income per share – Diluted (1)	$	0.91	$	0.80	$	0.94	$	0.24

Fiscal 2018	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Net sales	$	257,445	$	268,366	$	269,181	$	234,658
Gross profit		77,327		83,781		81,218		66,666
Operating income		17,316		14,931		16,016		1,497
Net income		12,955		11,775		12,046		1,359
Net income per share – Basic (1)	$	0.83	$	0.77	$	0.80	$	0.09
Net income per share – Diluted (1)	$	0.83	$	0.76	$	0.76	$	0.09

(1) 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.