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Quarterly Financial Information | 12 Months Ended
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Feb. 02, 2020
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Information | Quarterly Financial Information (Unaudited)
In thousands, except per share amounts |  |  |  |  |  |  |  |  |  |  |  |
Fiscal 2019 (52 Weeks) |  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter 1 |  |  | Full Year |
Net revenues |  | $ | 1,241,132 |  |  | $ | 1,370,814 |  |  | $ | 1,442,472 |  |  | $ | 1,843,590 |  |  | $ | 5,898,008 |
Gross profit |  |  | 444,331 |  |  |  | 483,861 |  |  |  | 518,172 |  |  |  | 692,728 |  |  |  | 2,139,092 |
Operating income ,2,3 |  |  | 74,132 |  |  |  | 86,165 |  |  |  | 101,891 |  |  |  | 203,686 |  |  |  | 465,874 |
Net earnings 6 |  |  | 52,656 |  |  |  | 62,648 |  |  |  | 74,713 |  |  |  | 166,045 |  |  |  | 356,062 |
Basic earnings per share 7 |  | $ | 0.67 |  |  | $ | 0.80 |  |  | $ | 0.96 |  |  | $ | 2.15 |  |  | $ | 4.56 |
Diluted earnings per share 7 |  | $ | 0.66 |  |  | $ | 0.79 |  |  | $ | 0.94 |  |  | $ | 2.10 |  |  | $ | 4.49 |
Fiscal 2018 (53 Weeks) |  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter 1 |  |  | Full Year |
Net revenues |  | $ | 1,203,000 |  |  | $ | 1,275,174 |  |  | $ | 1,356,983 |  |  | $ | 1,836,436 |  |  | $ | 5,671,593 |
Gross profit |  |  | 432,164 |  |  |  | 463,942 |  |  |  | 494,984 |  |  |  | 709,923 |  |  |  | 2,101,013 |
Operating income ,2,3,4 |  |  | 66,550 |  |  |  | 74,166 |  |  |  | 94,384 |  |  |  | 200,853 |  |  |  | 435,953 |
Net earnings 5,6 |  |  | 45,168 |  |  |  | 51,713 |  |  |  | 81,465 |  |  |  | 155,338 |  |  |  | 333,684 |
Basic earnings per share 7 |  | $ | 0.54 |  |  | $ | 0.63 |  |  | $ | 1.01 |  |  | $ | 1.95 |  |  | $ | 4.10 |
Diluted earnings per share 7 |  | $ | 0.54 |  |  | $ | 0.62 |  |  | $ | 1.00 |  |  | $ | 1.93 |  |  | $ | 4.05 |
1 | Our fourth quarter of fiscal 2018 included 14 weeks as compared to 13 weeks in fiscal 2019 .
2 | Fiscal 2019 includes approximately $6.4 million in the first quarter, $7.2 million in the second quarter, $7.4 million in the third quarter and $9.1 million in the fourth quarter of expenses related to the acquisition of Outward and its ongoing operations. Fiscal 2018 includes approximately $6.9 million in the first quarter, $5.0 million in the second quarter, $6.0 million in the third quarter and $7.2 million in the fourth quarter of expenses related to the acquisition of Outward and its ongoing operations.
3 | Fiscal 2019 includes approximately $6.5 million in the first quarter for employment-related expenses. Fiscal 2018 includes approximately $1.7 million in the first quarter, $1.9 million in the second quarter, $1.9 million in the third quarter and $2.5 million in the fourth quarter for employment-related expenses.
4 | Includes $5.3 million in the second quarter, $1.1 million in the third quarter and $6.8 million in the fourth quarter of fiscal 2018 associated with impairment and early lease termination charges.
5 | Includes tax expense of approximately $1.1 million in the first quarter of fiscal 2018 associated with the adoption of new accounting rules related to stock-based compensation.
6 | Fiscal 2019 includes a tax e xpense of $0.1 million in the third quarter resulting from t ax legislation changes, and a t ax benefit of $ 6.0 million in the fourth quarter resulting from a deferred tax liability adjustment . Fiscal 2018 includes tax expense of $3.3 million in the first quarter, tax expense of $2.9 million in the second quarter, a tax benefit of $10.6 million in the third quarter and tax expense of $0.3 million in the fourth quarter, resulting from the enactment of the Tax Cuts and Jobs Act.
7 | Due to differences between quarterly and full year weighted average share count calculations, and the effect of quarterly rounding to the nearest cent per share, full year earnings per share may not equal the sum of the quarters.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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