|
Consolidated Statements of Income and Comprehensive Income (USD $)
In Thousands, except Per Share data |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
|
Jul. 30, 2011
|
Jul. 31, 2010
|
Jul. 30, 2011
|
Jul. 31, 2010
|
|
| NET SALES | $ 446,041 | $ 407,277 | $ 913,418 | $ 833,739 |
| COST OF GOODS SOLD, BUYING, AND OCCUPANCY COSTS | 296,209 | 277,260 | 585,272 | 546,516 |
| Gross profit | 149,832 | 130,017 | 328,146 | 287,223 |
| OPERATING EXPENSES: | Â | Â | Â | Â |
| Selling, general, and administrative expenses | 117,682 | 110,936 | 227,175 | 213,846 |
| Other operating expense (income), net | 402 | 14,031 | (200) | 17,045 |
| Total operating expenses | 118,084 | 124,967 | 226,975 | 230,891 |
| OPERATING INCOME | 31,748 | 5,050 | 101,171 | 56,332 |
| INTEREST EXPENSE | 10,510 | 23,349 | 21,515 | 44,129 |
| INTEREST INCOME | (2) | (1) | (5) | (11) |
| OTHER INCOME, NET | 0 | (1,474) | 0 | (1,906) |
| INCOME (LOSS) BEFORE INCOME TAXES | 21,240 | (16,824) | 79,661 | 14,120 |
| INCOME TAX EXPENSE (BENEFIT) | 8,620 | (38,938) | 32,028 | (38,555) |
| NET INCOME | 12,620 | 22,114 | 47,633 | 52,675 |
| OTHER COMPREHENSIVE LOSS: | Â | Â | Â | Â |
| Foreign currency translation adjustments | (2) | 0 | (2) | 0 |
| COMPREHENSIVE INCOME | 12,618 | 22,114 | 47,631 | 52,675 |
| Pro forma (loss) income before income taxes (Note 11) | Â | (16,824) | Â | 14,120 |
| Pro forma income tax (benefit) expense (Note 11) | Â | (7,131) | Â | 5,525 |
| Pro forma net (loss) income (Note 11) | Â | $ (9,693) | Â | $ 8,595 |
| EARNINGS PER SHARE: | Â | Â | Â | Â |
| Basic | $ 0.14 | $ 0.25 | $ 0.54 | $ 0.64 |
| Diluted | $ 0.14 | $ 0.25 | $ 0.54 | $ 0.63 |
| WEIGHTED AVERAGE SHARES OUTSTANDING (Note 1): | Â | Â | Â | Â |
| Basic | 88,583 | 88,254 | 88,538 | 82,362 |
| Diluted | 88,860 | 88,694 | 88,805 | 83,418 |
| PRO FORMA (LOSS) EARNINGS PER SHARE (Note 11): | Â | Â | Â | Â |
| Basic | Â | $ (0.11) | Â | $ 0.1 |
| Diluted | Â | $ (0.11) | Â | $ 0.1 |
| PRO FORMA WEIGHTED AVERAGE SHARES OUTSTANDING (Note 11): | Â | Â | Â | Â |
| Basic | Â | 88,254 | Â | 82,362 |
| Diluted | Â | 88,694 | Â | 83,418 |