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Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Nov. 02, 2013
Oct. 27, 2012
Nov. 02, 2013
Oct. 27, 2012
Income Statement [Abstract]        
Net sales $ 247,468 [1] $ 232,851 [1] $ 676,052 $ 694,548
Cost of goods sold 105,360 100,205 277,394 281,255
Gross profit 142,108 132,646 398,658 413,293
Operating expenses:        
Sales and marketing, including occupancy costs 101,273 94,354 286,599 276,306
General and administrative 19,277 17,124 54,420 54,295
Total operating expenses 120,550 111,478 341,019 330,601
Operating income 21,558 [2] 21,168 [2] 57,639 82,692
Other income (expense):        
Interest income 69 117 335 286
Interest expense (5) (4) (14) (21)
Total other income (expense) 64 113 321 265
Income before provision for income taxes 21,622 21,281 57,960 82,957
Provision for income taxes 8,006 7,976 22,007 31,662
Net income $ 13,616 $ 13,305 $ 35,953 $ 51,295
Earnings per share:        
Basic (in dollars per share) $ 0.49 $ 0.48 $ 1.29 $ 1.84
Diluted (in dollars per share) $ 0.49 $ 0.47 $ 1.28 $ 1.83
Weighted average shares outstanding:        
Basic (in shares) 27,988 27,933 27,978 27,883
Diluted (in shares) 28,054 28,017 28,050 28,005
[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 $3.6 million and $4.9 million for the third quarter of fiscal years 2012 and 2013, respectively, and approximately $11.4 million and $13.4 million for the first nine 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.