XML 13 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 31, 2016
Aug. 02, 2015
Jul. 31, 2016
Aug. 02, 2015
Net revenues [1] $ 1,159,029 $ 1,127,028 $ 2,256,846 $ 2,157,704
Cost of goods sold 748,490 720,403 1,453,790 1,372,238
Gross profit 410,539 406,625 803,056 785,466
Selling, general and administrative expenses 327,263 323,282 656,255 630,195
Operating income 83,276 83,343 146,801 [2] 155,271
Interest (income) expense, net 167 275 99 283
Earnings before income taxes 83,109 83,068 146,702 154,988
Income taxes 31,324 29,400 55,320 56,530
Net earnings $ 51,785 $ 53,668 $ 91,382 $ 98,458
Basic earnings per share $ 0.58 $ 0.59 $ 1.02 $ 1.08
Diluted earnings per share $ 0.58 $ 0.58 $ 1.01 $ 1.06
Shares used in calculation of earnings per share:        
Basic 89,039 91,243 89,169 91,475
Diluted 89,736 92,564 90,098 92,969
E-commerce        
Net revenues $ 599,683 $ 569,913 $ 1,175,917 $ 1,102,486
Retail        
Net revenues $ 559,346 $ 557,115 $ 1,080,929 $ 1,055,218
[1] Includes net revenues related to our international operations (including our operations in Canada, Australia, the United Kingdom and our franchise businesses) of approximately $80.0 million and $66.9 million for the thirteen weeks ended July 31, 2016 and August 2, 2015, respectively, and $149.7 million and $121.7 million for the twenty-six weeks ended July 31, 2016 and August 2, 2015, respectively.
[2] Includes $13.2 million of severance-related reorganization charges due to a reduction of headcount in the first quarter of fiscal 2016, primarily in our corporate functions, which is recorded as selling, general and administrative expense within the unallocated segment.