CONSOLIDATED STATEMENTS OF INCOME (USD $) In Thousands, except Per Share data | 3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Oct. 29, 2011 | Oct. 30, 2010 | Oct. 29, 2011 | Oct. 30, 2010 | |
| Net sales | $ 1,179,702 | $ 1,078,984 | $ 3,600,246 | $ 3,352,579 |
| Cost of goods sold, including occupancy and distribution costs | 829,111 | 771,913 | 2,518,137 | 2,383,142 |
| GROSS PROFIT | 350,591 | 307,071 | 1,082,109 | 969,437 |
| Selling, general and administrative expenses | 272,233 | 272,467 | 821,698 | 796,988 |
| Pre-opening expenses | 6,796 | 6,396 | 12,717 | 9,191 |
| INCOME FROM OPERATIONS | 71,562 | 28,208 | 247,694 | 163,258 |
| Gain on sale of investment | 0 | 0 | (13,900) | 0 |
| Interest expense | 3,540 | 3,518 | 10,504 | 10,528 |
| Other expense (income) | 1,568 | (1,177) | 977 | (1,220) |
| INCOME BEFORE INCOME TAXES | 66,454 | 25,867 | 250,113 | 153,950 |
| Provision for income taxes | 24,970 | 9,004 | 97,283 | 59,362 |
| NET INCOME | $ 41,484 | $ 16,863 | $ 152,830 | $ 94,588 |
| EARNINGS PER COMMON SHARE: | ||||
| Basic (in dollars per share) | $ 0.34 | $ 0.15 | $ 1.27 | $ 0.82 |
| Diluted (in dollars per share) | $ 0.33 | $ 0.14 | $ 1.22 | $ 0.78 |
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING: | ||||
| Basic (in shares) | 120,432 | 116,024 | 120,000 | 115,665 |
| Diluted (in shares) | 125,552 | 121,408 | 125,585 | 120,945 |
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The difference between the carrying value and the sale price of an investment. A gain would be recognized when the sale price of the investment is greater than the carrying value of the investment. This element refers to the Gain included in earnings and not to the cash proceeds of the sale.
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net result for the period of deducting operating expenses from operating revenues.
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- Definition The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Expenditures associated with opening new locations which are noncapital in nature and expensed as incurred. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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