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Unaudited Quarterly Results of Operations
 12 Months Ended
Feb. 02, 2019
Unaudited Quarterly Results of Operations  
Unaudited Quarterly Results of Operations

(11)      Unaudited Quarterly Results of Operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended

 

 

 

Feb. 2

 

Nov. 3

 

Aug. 4

 

May 5

 

Feb. 3

 

Oct. 28

 

Jul. 29

 

Apr. 29

 

 

 

2019

 

2018

  

2018

 

2018

 

2018 (1)

 

2017

 

2017

 

2017

 

 

 

(in thousands, except per share and share amounts)

 

Statement of Operations Data:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

201,158

 

$

175,364

 

$

181,999

 

$

211,032

 

$

212,143

 

$

176,943

 

$

166,200

 

$

199,955

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of sales (exclusive of depreciation shown separately below)

 

 

(126,095)

 

 

(110,420)

 

 

(110,398)

 

 

(129,413)

 

 

(131,363)

 

 

(110,094)

 

 

(102,175)

 

 

(122,390)

 

Selling, general and administrative expenses

 

 

(61,459)

 

 

(61,189)

 

 

(62,285)

 

 

(63,005)

 

 

(65,623)

 

 

(61,118)

 

 

(59,834)

 

 

(60,487)

 

Depreciation

 

 

(4,636)

 

 

(4,600)

 

 

(4,676)

 

 

(4,974)

 

 

(5,020)

 

 

(4,976)

 

 

(4,589)

 

 

(4,298)

 

Asset impairment

 

 

(152)

 

 

(180)

 

 

(942)

 

 

 —

 

 

(430)

 

 

 —

 

 

(77)

 

 

 —

 

Income (loss) from operations

 

 

8,816

 

 

(1,025)

 

 

3,698

 

 

13,640

 

 

9,707

 

 

755

 

 

(475)

 

 

12,780

 

Interest, net

 

 

334

 

 

282

 

 

325

 

 

258

 

 

228

 

 

178

 

 

178

 

 

149

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) before income taxes

 

 

9,150

 

 

(743)

 

 

4,023

 

 

13,898

 

 

9,935

 

 

933

 

 

(297)

 

 

12,929

 

Income tax (expense) benefit

 

 

(1,802)

 

 

237

 

 

(788)

 

 

(2,601)

 

 

(4,688)

 

 

(286)

 

 

87

 

 

(4,039)

 

Net income (loss)

 

$

7,348

 

$

(506)

 

$

3,235

 

$

11,297

 

$

5,247

 

$

647

 

$

(210)

 

$

8,890

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) per common share: (2)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.59

 

$
(0.04)

 

$

0.24

 

$

0.83

 

$

0.39

 

$

0.05

 

$
(0.01)

 

$

0.60

 

Diluted

 

$

0.59

 

$
(0.04)

 

$

0.24

 

$

0.83

 

$

0.38

 

$

0.05

 

$
(0.01)

 

$

0.60

 

Weighted average shares used to compute net income (loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

12,447,209

 

 

12,780,472

 

 

13,314,470

 

 

13,578,100

 

 

13,567,870

 

 

13,563,295

 

 

14,381,738

 

 

14,719,130

 

Diluted

 

 

12,470,560

 

 

12,780,472

 

 

13,351,321

 

 

13,631,266

 

 

13,652,330

 

 

13,614,404

 

 

14,381,738

 

 

14,779,930

 

(1) Fourth quarter includes the impact of the Tax Cuts and Jobs Act enacted in December 2017.  See Note 6 to the consolidated financial statements for additional information.

 

(2) Net income (loss) per share is computed independently for each period presented. As a result, the total of net income (loss) per share for the four quarters may not equal the annual amount.