XML 39 R26.htm IDEA: XBRL DOCUMENT
v3.25.2

IMMATERIAL CORRECTION OF 2024 INTERIM PERIOD CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Tables) | 6 Months Ended
--- | ---
Aug. 03, 2025
Accounting Changes and Error Corrections [Abstract] |
Schedule of Error Corrections and Prior Period Adjustments | Condensed Consolidated Statements of Earnings (unaudited)
| For the Thirteen Weeks Ended |  | For the Twenty-six Weeks Ended
| July 28, 2024 |  | July 28, 2024
(In thousands, except per share amounts) | As Previously Reported |  | Adjustments |  | As Corrected |  | As Previously Reported |  | Adjustments |  | As Corrected
Cost of goods sold | $ | 961,981 |  |  | $ | 22,386 |  |  | $ | 984,367 |  |  | $ | 1,819,814 |  |  | $ | 29,733 |  |  | $ | 1,849,547 |
Gross profit | 826,326 |  |  | (22,386) |  |  | 803,940 |  |  | 1,628,841 |  |  | (29,733) |  |  | 1,599,108 |
Selling, general and administrative expenses | 536,410 |  |  | (10,370) |  |  | 526,040 |  |  | 1,015,097 |  |  | (11,001) |  |  | 1,004,096 |
Operating income | 289,916 |  |  | (12,016) |  |  | 277,900 |  |  | 613,744 |  |  | (18,732) |  |  | 595,012 |
Earnings before income taxes | 305,124 |  |  | (12,016) |  |  | 293,108 |  |  | 645,005 |  |  | (18,732) |  |  | 626,273 |
Income taxes | 79,379 |  |  | (3,126) |  |  | 76,253 |  |  | 153,594 |  |  | (4,592) |  |  | 149,002 |
Net earnings | $ | 225,745 |  |  | $ | (8,890) |  |  | $ | 216,855 |  |  | $ | 491,411 |  |  | $ | (14,140) |  |  | $ | 477,271 |
Basic earnings per share | $ | 1.76 |  |  | $ | (0.07) |  |  | $ | 1.69 |  |  | $ | 3.83 |  |  | $ | (0.11) |  |  | $ | 3.72 |
Diluted earnings per share | $ | 1.74 |  |  | $ | (0.07) |  |  | $ | 1.67 |  |  | $ | 3.78 |  |  | $ | (0.11) |  |  | $ | 3.67 |
Condensed Consolidated Statements of Comprehensive Income (unaudited)
| For the Thirteen Weeks Ended July 28, 2024 |  | For the Twenty-six Weeks Ended July 28, 2024
(In thousands) | As Previously Reported |  | Adjustments |  | As Corrected |  | As Previously Reported |  | Adjustments |  | As Corrected
Net earnings | $ | 225,745 |  |  | $ | (8,890) |  |  | $ | 216,855 |  |  | $ | 491,411 |  |  | $ | (14,140) |  |  | $ | 477,271 |
Comprehensive income | $ | 225,790 |  |  | $ | (8,890) |  |  | $ | 216,900 |  |  | $ | 490,115 |  |  | $ | (14,140) |  |  | $ | 475,975 |
Condensed Consolidated Balance Sheets (unaudited)
| As of July 28, 2024
(In thousands) | As Previously Reported |  | Adjustments |  | As Corrected
Merchandise inventories, net | $ | 1,247,426 |  |  | $ | (29,733) |  |  | $ | 1,217,693 |
Total current assets | 2,744,297 |  |  | (29,733) |  |  | 2,714,564 |
Total assets | 5,211,672 |  |  | (29,733) |  |  | 5,181,939 |
Accrued expenses | 207,633 |  |  | (11,001) |  |  | 196,632 |
Income taxes payable | 53,373 |  |  | (4,592) |  |  | 48,781 |
Total current liabilities | 1,758,795 |  |  | (15,593) |  |  | 1,743,202 |
Total liabilities | 2,961,442 |  |  | (15,593) |  |  | 2,945,849 |
Retained earnings | 1,728,063 |  |  | (14,140) |  |  | 1,713,923 |
Total stockholders’ equity | 2,250,230 |  |  | (14,140) |  |  | 2,236,090 |
Total liabilities and stockholders’ equity | $ | 5,211,672 |  |  | $ | (29,733) |  |  | $ | 5,181,939 |
Condensed Consolidated Statements of Stockholders' Equity (unaudited)
| Retained Earnings |  | Total Stockholders’ Equity
(In thousands) |
As Previously Reported |  |  |
Balance at January 28, 2024 | $ | 1,555,595 |  |  | $ | 2,127,861 |
Net earnings | 265,666 |  |  | 265,666 |
Balance at April 28, 2024 | 1,704,409 |  |  | 2,209,558 |
Net earnings | 225,745 |  |  | 225,745 |
Balance at July 28, 2024 | 1,728,063 |  |  | 2,250,230 |
Adjustments |  |  |
Net earnings | (5,250) |  |  | (5,250) |
Balance at April 28, 2024 | (5,250) |  |  | (5,250) |
Net earnings | (8,890) |  |  | (8,890) |
Balance at July 28, 2024 | (14,140) |  |  | (14,140) |
As Corrected |  |  |
Balance at January 28, 2024 | 1,555,595 |  |  | 2,127,861 |
Net earnings | 260,416 |  |  | 260,416 |
Balance at April 28, 2024 | 1,699,159 |  |  | 2,204,308 |
Net earnings | 216,855 |  |  | 216,855 |
Balance at July 28, 2024 | $ | 1,713,923 |  |  | $ | 2,236,090 |
Condensed Consolidated Statements of Cash Flows (unaudited)
| For the Twenty-six Weeks Ended July 28, 2024
(In thousands) | As Previously Reported |  | Adjustments |  | As Corrected
Cash flows from operating activities: |  |  |  |  |
Net earnings | $ | 491,411 |  |  | $ | (14,140) |  |  | $ | 477,271 |
Changes in: |  |  |  |  |
Merchandise inventories | (1,415) |  |  | 29,733 |  |  | 28,318 |
Accrued expenses and other liabilities | (54,924) |  |  | (11,001) |  |  | (65,925) |
Income taxes payable | (43,181) |  |  | (4,592) |  |  | (47,773) |
Net cash provided by operating activities | $ | 473,283 |  |  | $ | — |  |  | $ | 473,283 |

X
- References No definition available. + Details
Name: | us-gaap_AccountingChangesAndErrorCorrectionsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-7 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-8 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-9 + Details
Name: | us-gaap_ScheduleOfErrorCorrectionsAndPriorPeriodAdjustmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration