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Condensed Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Oct. 28, 2018
Oct. 29, 2017
Oct. 28, 2018
Oct. 29, 2017
Net revenues [1] $ 1,356,983 $ 1,299,336 $ 3,835,157 $ 3,612,449
Cost of goods sold 861,999 832,269 2,444,067 2,326,911
Gross profit 494,984 467,067 1,391,090 1,285,538
Selling, general and administrative expenses 400,600 356,254 1,155,990 1,030,667
Operating income [2] 94,384 110,813 235,100 254,871
Interest (income) expense, net 2,288 594 5,073 974
Earnings before income taxes 92,096 110,219 230,027 253,897
Income taxes 10,631 38,906 51,681 90,112
Net earnings $ 81,465 $ 71,313 $ 178,346 $ 163,785
Basic earnings per share $ 1.01 $ 0.84 $ 2.17 $ 1.90
Diluted earnings per share $ 1.00 $ 0.84 $ 2.15 $ 1.89
Shares used in calculation of earnings per share:        
Basic 80,475 84,940 82,070 86,111
Diluted 81,641 85,384 82,951 86,582
E-commerce        
Net revenues $ 746,716 $ 690,045 $ 2,079,838 $ 1,901,348
Retail        
Net revenues $ 610,267 $ 609,291 $ 1,755,319 $ 1,711,101
[1] Includes net revenues related to our international operations (including our operations in Canada, Australia, the United Kingdom and our franchise businesses) of approximately $79.0 million and $84.1 million for the thirteen weeks ended October 28, 2018 and October 29, 2017, respectively, and $239.1 million and $234.1 million for the thirty-nine weeks ended October 28, 2018 and October 29, 2017, respectively.
[2] The thirteen and thirty-nine weeks ended October 28, 2018 includes: $6.0 million and $17.9 million of expense, respectively, related to our acquisition of Outward, Inc., (primarily acquisition-related compensation costs, the amortization of intangible assets acquired, and the operations of the Outward business), of which $4.6 million and $13.7 million, respectively, is recorded in the e-commerce segment and $1.4 million and $4.2 million, respectively, is recorded in the unallocated segment; $1.9 million and $5.4 million, respectively, of employment-related expense associated with a one-time special equity grant, which is recorded within the unallocated segment, as well as $1.1 million and $6.4 million of expense related to impairment and early lease termination charges which is primarily recorded in the retail segment. The thirty-nine weeks ended October 29, 2017 includes $5.7 million of severance-related charges in our corporate functions, which is recorded within the unallocated segment.