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Quarterly Results (Tables)

12 Months Ended

Feb. 01, 2020

Quarterly Financial Information Disclosure [Abstract]

Quarterly Operating Results

The operating results for any quarter are not necessarily indicative of the results of any future quarter.

		(in thousands, except share data)
Year ended February 1, 2020:		Quarter Ended
		May 4, 2019				August 3, 2019				November 2, 2019				February 1, 2020
Net sales		$	1,628,547			$	1,656,363			$	1,774,949			$	2,201,384
Gross margin(1)(2)		$	667,229			$	685,942			$	752,037			$	927,295
Net income		$	77,765			$	84,567			$	96,459			$	206,325
Net income per share—basic(3):
Common stockholders		$	1.18			$	1.28			$	1.46			$	3.14
Net income per share—diluted(3):
Common stockholders		$	1.15			$	1.26			$	1.44			$	3.08

		(in thousands, except share data)
Year ended February 2, 2019:		Quarter Ended
		May 5, 2018				August 4, 2018				November 3, 2018				February 2, 2019
Net sales		$	1,518,446			$	1,498,633			$	1,634,489			$	1,991,483
Gross margin (1)(2)		$	625,764			$	621,159			$	692,480			$	835,529
Net income		$	82,588			$	70,957			$	76,849			$	184,351
Net income per share—basic(3):
Common stockholders		$	1.23			$	1.06			$	1.15			$	2.77
Net income per share—diluted(3):
Common stockholders		$	1.20			$	1.03			$	1.12			$	2.70

(1)	Gross margin is equal to net sales less cost of sales.

(2)	During the quarterly periods ended February 1, 2020 and February 2, 2019, the Company recorded shortage adjustments of $1.9 million and $1.9 million, respectively, as a result of actual shortage being less than what the Company had estimated throughout the year.

(3)	Quarterly net income per share results may not equal full year amounts due to rounding.