QUARTERLY FINANCIAL DATA (UNAUDITED)

In the opinion of management, the unaudited consolidated financial statements presented below contain all material adjustments, consisting of normal recurring accruals, necessary to present fairly the Company's financial position and results of operations and have been prepared in a manner consistent with the audited financial statements contained herein. Due to the seasonal nature of the Company's business, the results of operations in any given interim period are not indicative of operating results for a full fiscal year.


13.	QUARTERLY FINANCIAL DATA (UNAUDITED) (Continued)

The following tables reflect quarterly consolidated statements of income for the periods indicated (unaudited):



	Fiscal Year Ended January 28, 2017
	First Quarter		Second Quarter			Third Quarter		Fourth Quarter (1)
	(in thousands, except earnings per share)
Net sales	$	419,351	$	371,416		$	473,777	$	520,772
Gross profit	165,351		123,871			194,517		187,854
Selling, general and administrative expenses	109,212		107,903			115,442		121,586
Asset impairment charges	—		2,826			392		808
Other costs (income)	68		191			17		6
Depreciation and amortization	16,461		15,891			16,586		16,796
Operating income (loss)	39,610		(2,940		)	62,080		48,658
Income (loss) before income taxes	39,536		(3,116		)	61,922		48,671
Provision (benefit) for income taxes	13,551		(1,105		)	17,756		14,475
Net income (loss)	25,985		(2,011		)	44,166		34,196

Diluted earnings (loss) per share	$	1.33	$	(0.11	)	$	2.36	$	1.86
Diluted weighted average common shares outstanding	19,569		18,811			18,703		18,419

Cash dividends declared and paid per common share	$	0.2000	$	0.2000		$	0.2000	$	0.2000

____________________________________________

(1) Items impacting the fourth quarter of Fiscal 2016 include approximately $1.9 million of costs related to foreign exchange control penalties partially offset by approximately $1.6 million of income related to a favorable legal settlement.



	Fiscal Year Ended January 30, 2016
	First Quarter			Second Quarter			Third Quarter		Fourth Quarter (1)
	(in thousands, except earnings per share)
Net sales	$	404,865		$	366,455		$	455,913	$	498,544
Gross profit	152,109			115,004			180,513		177,506
Selling, general and administrative expenses	114,514			118,342			105,797		131,245
Asset impairment charges	—			1,452			919		—
Other costs (income)	(3		)	76			14		11
Depreciation and amortization	14,394			15,252			16,136		16,903
Operating income (loss)	23,204			(20,118		)	57,647		29,347
Income (loss) before income taxes	23,028			(20,323		)	57,393		29,284
Provision (benefit) for income taxes	7,421			(6,628		)	18,898		11,807
Net income (loss)	15,607			(13,695		)	38,495		17,477

Diluted earnings (loss) per share	$	0.73		$	(0.67	)	$	1.88	$	0.87
Diluted weighted average common shares outstanding	21,366			20,576			20,517		20,174

Cash dividends declared and paid per common share	$	0.1500		$	0.1500		$	0.1500	$	0.1500

____________________________________________


13.	QUARTERLY FINANCIAL DATA (UNAUDITED) (Continued)


(1)	Items impacting the fourth quarter of Fiscal 2015 include approximately $4.4 million of additional costs related to corporate severance and reorganizations partially offset by approximately $2.8 million of income related to the accelerated conversion of loyalty points in the Company's current loyalty program in anticipation of transition to a new customer loyalty program in Fiscal 2016.