Quarterly Results

12 Months Ended

Jan. 31, 2015

Note 13 – Quarterly Results (Unaudited)

Quarterly results are determined in accordance with the accounting policies used for annual data and include certain items based upon estimates for the entire year. All fiscal quarters in 2014 and 2013 include results for 13 weeks.

(In thousands, except per share data)

Fiscal 2014	First Quarter		Second Quarter		Third Quarter		Fourth Quarter

Net sales	$	235,770	$	222,073	$	254,687	$	227,632
Gross profit		69,582		62,219		76,765		65,113
Operating income		15,209		4,264		17,792		4,588
Net income		9,151		2,584		10,817		2,975
Net income per share – Basic (1)	$	0.45	$	0.13	$	0.54	$	0.15
Net income per share – Diluted (1)	$	0.45	$	0.13	$	0.54	$	0.15

Fiscal 2013	First Quarter		Second Quarter		Third Quarter		Fourth Quarter

Net sales	$	232,287	$	216,417	$	235,770	$	200,311
Gross profit		68,613		62,511		71,011		57,182
Operating income		15,246		9,558		17,815		1,048
Net income		9,519		5,838		10,916		598
Net income per share – Basic (1)	$	0.47	$	0.29	$	0.54	$	0.03
Net income per share – Diluted (1)	$	0.47	$	0.29	$	0.54	$	0.03

(1) Per share amounts are computed independently for each of the quarters presented. The sum of the quarters may not equal the total year due to the impact of changes in weighted shares outstanding and differing applications of earnings under the two-class method.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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