|
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (USD $) In Thousands, except Per Share data, unless otherwise specified
|
3 Months Ended |
|
Apr. 28, 2012
|
Apr. 30, 2011
|
| Net sales: |
|
|
| Total net sales |
$ 586,574 |
$ 580,384 |
| Cost of sales: |
|
|
| Total cost of sales |
332,525 |
333,751 |
| Gross margin: |
|
|
| Total gross margin |
254,049 |
246,633 |
| Selling, general and administrative expenses |
213,102 |
202,996 |
| Operating income |
40,947 |
43,637 |
| Interest income |
128 |
44 |
| Interest expense |
(433) |
(312) |
| Earnings before income taxes |
40,642 |
43,369 |
| Provision for income taxes |
14,062 |
16,177 |
| Net earnings including noncontrolling interest |
26,580 |
27,192 |
| Net loss attributable to noncontrolling interest |
304 |
233 |
| Net earnings attributable to common shareholders |
26,884 |
27,425 |
| Net earnings per common share attributable to common shareholders (Note 2): |
|
|
| Basic (in dollars per share) |
$ 0.52 |
$ 0.52 |
| Diluted (in dollars per share) |
$ 0.52 |
$ 0.52 |
| Weighted average common shares outstanding (Note 2): |
|
|
| Basic (in shares) |
50,932 |
51,918 |
| Diluted (in shares) |
51,237 |
52,197 |
| Cash dividends declared per common share (in dollars per share) |
$ 0.18 |
$ 0.12 |
|
Retail Segment
|
|
|
| Net sales: |
|
|
| Retail clothing product |
420,469 |
410,261 |
| Tuxedo rental services |
78,489 |
73,141 |
| Alteration and other services |
37,734 |
37,309 |
| Total net sales |
536,692 |
520,711 |
| Cost of sales: |
|
|
| Retail clothing product |
188,606 |
187,373 |
| Tuxedo rental services |
11,013 |
9,807 |
| Alteration and other services |
27,558 |
26,301 |
| Occupancy costs |
68,698 |
67,171 |
| Total cost of sales |
295,875 |
290,652 |
| Gross margin: |
|
|
| Retail clothing product |
231,863 |
222,888 |
| Tuxedo rental services |
67,476 |
63,334 |
| Alteration and other services |
10,176 |
11,008 |
| Occupancy costs |
(68,698) |
(67,171) |
| Total gross margin |
240,817 |
230,059 |
| Operating income |
43,367 |
44,897 |
|
Corporate Apparel Segment
|
|
|
| Net sales: |
|
|
| Total net sales |
49,882 |
59,673 |
| Cost of sales: |
|
|
| Total cost of sales |
36,650 |
43,099 |
| Gross margin: |
|
|
| Total gross margin |
13,232 |
16,574 |
| Operating income |
$ (2,420) |
$ (1,260) |