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Condensed Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 30, 2017
Jul. 31, 2016
Jul. 30, 2017
Jul. 31, 2016
Net revenues [1] $ 1,201,606 $ 1,159,029 $ 2,313,113 $ 2,256,846
Cost of goods sold 778,895 748,490 1,494,642 1,453,790
Gross profit 422,711 410,539 818,471 803,056
Selling, general and administrative expenses 341,127 327,263 674,413 656,255
Operating income 81,584 83,276 144,058 [2] 146,801 [2]
Interest (income) expense, net 483 167 380 99
Earnings before income taxes 81,101 83,109 143,678 146,702
Income taxes 28,184 31,324 51,206 55,320
Net earnings $ 52,917 $ 51,785 $ 92,472 $ 91,382
Basic earnings per share $ 0.61 $ 0.58 $ 1.07 $ 1.02
Diluted earnings per share $ 0.61 $ 0.58 $ 1.06 $ 1.01
Shares used in calculation of earnings per share:        
Basic 86,429 89,039 86,696 89,169
Diluted 86,848 89,736 87,238 90,098
E-commerce        
Net revenues $ 630,793 $ 599,683 $ 1,211,303 $ 1,175,917
Retail        
Net revenues $ 570,813 $ 559,346 $ 1,101,810 $ 1,080,929
[1] Includes net revenues related to our international operations (including our operations in Canada, Australia, the United Kingdom and our franchise businesses) of approximately $80.6 million and $80.0 million for the thirteen weeks ended July 30, 2017 and July 31, 2016, respectively, and $150.0 million and $149.7 million for the twenty-six weeks ended July 30, 2017 and July 31, 2016, respectively.
[2] Includes $5.7 million and $13.2 million of severance-related charges for the twenty-six weeks ended July 30, 2017 and July 31, 2016, respectively, primarily in our corporate functions, which is recorded in selling, general and administrative expenses within the unallocated segment.