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Quarterly Financial Data (Unaudited) | 12 Months Ended
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Jan. 29, 2016
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Data (Unaudited) | QUARTERLY FINANCIAL DATA (UNAUDITED)
| Fiscal 2015
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
(in thousands except share data) | $’s |  | % Net Sales |  | $’s |  | % Net Sales |  | $’s |  | % Net Sales |  | $’s |  | % Net Sales
Net revenue | $ | 299,387 |  |  | 100.0 | % |  | $ | 312,414 |  |  | 100.0 | % |  | $ | 334,434 |  |  | 100.0 | % |  | $ | 473,543 |  |  | 100.0 | %
Gross profit | 146,564 |  |  | 49.0 | % |  | 144,500 |  |  | 46.3 | % |  | 162,415 |  |  | 48.6 | % |  | 199,110 |  |  | 42.0 | %
Operating income (loss) | 8,495 |  |  | 2.8 | % |  | 17,918 |  |  | 5.7 | % |  | 23,297 |  |  | 7.0 | % |  | (54,794 | ) |  | (11.6 | )%
Net income (loss)(3) | $ | 1,724 |  |  | 0.6 | % |  | $ | 7,461 |  |  | 2.4 | % |  | $ | 10,725 |  |  | 3.2 | % |  | $ | (39,458 | ) |  | (8.3 | )%
Basic earnings (loss) per common share | $ | 0.05 |  |  |  |  | $ | 0.23 |  |  |  |  | $ | 0.34 |  |  |  |  | $ | (1.23 | ) |  |
Diluted earnings (loss) per common share(2) | $ | 0.05 |  |  |  |  | $ | 0.23 |  |  |  |  | $ | 0.33 |  |  |  |  | $ | (1.23 | ) |  |
| Fiscal 2014
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
(in thousands except share data) | $’s |  | Net Sales |  | $’s |  | Net Sales |  | $’s |  | Net Sales |  | $’s |  | Net Sales
Net revenue | $ | 330,483 |  |  | 100.0 | % |  | $ | 347,222 |  |  | 100.0 | % |  | $ | 373,082 |  |  | 100.0 | % |  | $ | 504,566 |  |  | 100.0 | %
Gross profit | 162,022 |  |  | 49.0 | % |  | 168,406 |  |  | 48.5 | % |  | 183,295 |  |  | 49.1 | % |  | 222,208 |  |  | 44.0 | %
Operating income | 18,794 |  |  | 5.7 | % |  | 25,298 |  |  | 7.3 | % |  | 35,098 |  |  | 9.4 | % |  | 60,453 |  |  | 12.0 | %
Net income | $ | 10,868 |  |  | 3.3 | % |  | $ | 11,845 |  |  | 3.4 | % |  | $ | 17,991 |  |  | 4.8 | % |  | $ | 33,095 |  |  | 6.6 | %
Basic earnings per common share(1) | $ | 0.34 |  |  |  |  | $ | 0.37 |  |  |  |  | $ | 0.56 |  |  |  |  | $ | 1.04 |  |  |
Diluted earnings per common share(1)(2) | $ | 0.34 |  |  |  |  | $ | 0.37 |  |  |  |  | $ | 0.56 |  |  |  |  | $ | 1.03 |  |  |
(1) | For periods ended April 4, 2014 and prior, basic earnings per share are computed using 31,956,521, the number of shares of Lands’ End common stock outstanding on April 4, 2014, the date on which the Lands’ End common stock was distributed to the stockholders of Sears Holdings Corporation. The same number of shares was used to calculate basic and diluted earnings per share for Fiscal 2014 as there were no dilutive securities during these periods.
(2) | The sum of the quarterly earnings per share—basic and diluted amounts may not equal the fiscal year amount due to rounding.
(3) | Fourth Quarter 2015 Net loss includes an impairment charge of $98.3 million related to the non-cash write-down of our trade name asset, Lands' End.

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- 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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