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Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Aug. 03, 2013
Jul. 28, 2012
Aug. 03, 2013
Jul. 28, 2012
Income Statement [Abstract]        
Net sales $ 232,529 [1] $ 260,343 [1] $ 428,584 $ 461,697
Cost of goods sold 95,165 107,457 172,034 181,050
Gross profit 137,364 152,886 256,550 280,647
Operating expenses:        
Sales and marketing, including occupancy costs 96,625 96,190 185,326 181,952
General and administrative 17,611 19,580 35,143 37,171
Total operating expenses 114,236 115,770 220,469 219,123
Operating income 23,128 [2] 37,116 [2] 36,081 61,524
Other income (expense):        
Interest income 95 101 266 169
Interest expense (4) (5) (9) (17)
Total other income (expense) 91 96 257 152
Income before provision for income taxes 23,219 37,212 36,338 61,676
Provision for income taxes 8,970 14,054 14,001 23,686
Net income $ 14,249 $ 23,158 $ 22,337 $ 37,990
Earnings per share:        
Basic (in dollars per share) $ 0.51 $ 0.83 $ 0.80 $ 1.36
Diluted (in dollars per share) $ 0.51 $ 0.83 $ 0.80 $ 1.36
Weighted average shares outstanding:        
Basic (in shares) 27,981 27,885 27,973 27,858
Diluted (in shares) 28,050 28,004 28,049 28,000
[1] Stores net sales represent all Full-line Store sales. Direct Marketing net sales represent catalog call center and Internet sales. Net sales from operating segments below the GAAP quantitative thresholds are attributable primarily to our two other operating segments — Factory stores and Franchise stores. These operating segments have never met any of the quantitative thresholds for determining reportable segments and are included in “Corporate and Other.”
[2] Operating income (loss) for the Stores and Direct Marketing segments represents profit before allocations of overhead from the corporate office and the distribution centers (except order fulfillment costs which are allocated to Direct Marketing), interest and income taxes (“four wall” contribution). Total Company shipping costs to customers of approximately $5.0 million and $5.1 million for the second quarter of fiscal years 2012 and 2013 , respectively, and approximately $7.8 million and $8.5 million for the first six months of fiscal years 2012 and 2013, respectively, were recorded to “Sales and marketing, including occupancy costs” in the Condensed Consolidated Statements of Income. Operating income (loss) for “Corporate and Other” consists primarily of costs included in general and administrative costs and operating income or loss related to the Factory stores and the Franchise stores operating segments. Total operating income represents profit before interest and income taxes.