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Condensed Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Oct. 29, 2017
Oct. 30, 2016
Oct. 29, 2017
Oct. 30, 2016
Net revenues [1] $ 1,299,336 $ 1,245,385 $ 3,612,449 $ 3,502,231
Cost of goods sold 832,269 787,162 2,326,911 2,240,952
Gross profit 467,067 458,223 1,285,538 1,261,279
Selling, general and administrative expenses 356,254 348,244 1,030,667 1,004,499
Operating income 110,813 109,979 [2] 254,871 [2] 256,780 [2]
Interest (income) expense, net 594 488 974 587
Earnings before income taxes 110,219 109,491 253,897 256,193
Income taxes 38,906 40,113 90,112 95,433
Net earnings $ 71,313 $ 69,378 $ 163,785 $ 160,760
Basic earnings per share $ 0.84 $ 0.78 $ 1.90 $ 1.81
Diluted earnings per share $ 0.84 $ 0.78 $ 1.89 $ 1.79
Shares used in calculation of earnings per share:        
Basic 84,940 88,382 86,111 88,906
Diluted 85,384 89,144 86,582 89,764
E-commerce        
Net revenues $ 690,045 $ 648,743 $ 1,901,348 $ 1,824,660
Retail        
Net revenues $ 609,291 $ 596,642 $ 1,711,101 $ 1,677,571
[1] Includes net revenues related to our international operations (including our operations in Canada, Australia, the United Kingdom and our franchise businesses) of approximately $84.1 million and $82.8 million for the thirteen weeks ended October 29, 2017 and October 30, 2016, respectively, and $234.1 million and $232.5 million for the thirty-nine weeks ended October 29, 2017 and October 30, 2016, respectively.
[2] Includes $5.7 million of severance-related charges for the thirty-nine weeks ended October 29, 2017 and $1.2 million and $14.4 million of severance-related charges for the thirteen and thirty-nine weeks ended October 30, 2016, respectively, primarily in our corporate functions, which is recorded in selling, general and administrative expenses within the unallocated segment.