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v3.20.1

BASIS OF PRESENTATION (Details) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 12 Months Ended
--- | --- | ---
Feb. 01, 2020 | Nov. 02, 2019 | Aug. 03, 2019 | May 04, 2019 | Feb. 02, 2019 | Nov. 03, 2018 | Aug. 04, 2018 | May 05, 2018 | Feb. 01, 2020 | Feb. 02, 2019 | Feb. 03, 2018
Stock awards |  |  |  |  |  |  |  |  |  |  |  |  |
Asset impairment charges | $ 4,731 | [1] | $ 839 | $ 121 | $ 348 | $ 464 | [2] | $ 396 | $ 3,979 | $ 1,257 | $ 6,039 | $ 6,096 | $ 5,190
Dilutive effect of stock awards |  |  |  |  |  |  |  |  |  |  | 106 | 263 | 582
Business Exit Costs |  |  |  |  |  | 191 |  | $ (1,246) | $ 0 | $ 0 | $ 0 | $ (1,055) | $ 10
Amortization of Financing Costs | (4,100) |  |  |  |  | (3,900) |  |  |  |  | (4,100) | (3,900) |
Deferred Finance Costs, Net | 900 |  |  |  |  | 400 |  |  |  |  | 900 | 400 |
Advertising Expense |  |  |  |  |  |  |  |  |  |  | $ 35,000 | 34,100 | $ 29,900
Deferred Compensation Plan |  |  |  |  |  |  |  |  |  |  |  |  |
Maximum percentage of base salary elected to be deferred (as a percent) |  |  |  |  |  |  |  |  |  |  | 80.00% |  |
Maximum percentage of bonus elected to be deferred (as a percent) |  |  |  |  |  |  |  |  |  |  | 100.00% |  |
Deferred compensation plan liability | 2,500 |  |  |  |  | 1,900 |  |  |  |  | $ 2,500 | 1,900 |
Cash Surrender Value of Life Insurance | 2,500 |  |  |  |  | 1,900 |  |  |  |  | 2,500 | 1,900 |
Deferred compensation - Company stock | (2,956) |  |  |  |  | (2,685) |  |  |  |  | (2,956) | (2,685) |
Derivative Asset, Notional Amount | 9,600 |  |  |  |  |  |  |  |  |  | 9,600 |  |
Derivative Asset, Fair Value, Gross Asset | $ 1,600 |  |  |  |  | $ 1,900 |  |  |  |  | $ 1,600 | $ 1,900 |
[1] |
|  | Fiscal Year Ended February 2, 2019
|  | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
|  | (in thousands, except earnings per share)
Net sales |  | $ | 436,314 |  |  | $ | 448,718 |  |  | $ | 522,495 |  |  | $ | 530,557 |
Gross profit |  | 160,192 |  |  | 154,806 |  |  | 204,366 |  |  | 164,232 |
Selling, general, and administrative expenses |  | 118,471 |  |  | 124,210 |  |  | 123,207 |  |  | 132,455 |
Asset impairment charges |  | 1,257 |  |  | 3,979 |  |  | 396 |  |  | 464 |
Other (income) costs |  | — |  |  | — |  |  | (1,246 | ) |  | 191 |
Depreciation and amortization |  | 17,406 |  |  | 16,595 |  |  | 17,404 |  |  | 17,479 |
Operating income |  | 23,058 |  |  | 10,022 |  |  | 64,605 |  |  | 13,643 |
Income before provision for income taxes |  | 22,761 |  |  | 9,076 |  |  | 63,774 |  |  | 12,913 |
Provision (benefit) for income taxes |  | (8,776 | ) |  | 1,590 |  |  | 13,861 |  |  | 889 |
Net income |  | $ | 31,537 |  |  | $ | 7,486 |  |  | $ | 49,913 |  |  | $ | 12,024 |
Diluted earnings per share |  | $ | 1.78 |  |  | $ | 0.45 |  |  | $ | 3.03 |  |  | $ | 0.74 |
Diluted weighted average common shares outstanding |  | 17,734 |  |  | 16,715 |  |  | 16,496 |  |  | 16,277 |
Cash dividends declared and paid per common share |  | $ | 0.50 |  |  | $ | 0.50 |  |  | $ | 0.50 |  |  | $ | 0.50 |
[2] |
|  | Fiscal Year Ended February 2, 2019
|  | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
|  | (in thousands, except earnings per share)
Net sales |  | $ | 436,314 |  |  | $ | 448,718 |  |  | $ | 522,495 |  |  | $ | 530,557 |
Gross profit |  | 160,192 |  |  | 154,806 |  |  | 204,366 |  |  | 164,232 |
Selling, general, and administrative expenses |  | 118,471 |  |  | 124,210 |  |  | 123,207 |  |  | 132,455 |
Asset impairment charges |  | 1,257 |  |  | 3,979 |  |  | 396 |  |  | 464 |
Other (income) costs |  | — |  |  | — |  |  | (1,246 | ) |  | 191 |
Depreciation and amortization |  | 17,406 |  |  | 16,595 |  |  | 17,404 |  |  | 17,479 |
Operating income |  | 23,058 |  |  | 10,022 |  |  | 64,605 |  |  | 13,643 |
Income before provision for income taxes |  | 22,761 |  |  | 9,076 |  |  | 63,774 |  |  | 12,913 |
Provision (benefit) for income taxes |  | (8,776 | ) |  | 1,590 |  |  | 13,861 |  |  | 889 |
Net income |  | $ | 31,537 |  |  | $ | 7,486 |  |  | $ | 49,913 |  |  | $ | 12,024 |
Diluted earnings per share |  | $ | 1.78 |  |  | $ | 0.45 |  |  | $ | 3.03 |  |  | $ | 0.74 |
Diluted weighted average common shares outstanding |  | 17,734 |  |  | 16,715 |  |  | 16,496 |  |  | 16,277 |
Cash dividends declared and paid per common share |  | $ | 0.50 |  |  | $ | 0.50 |  |  | $ | 0.50 |  |  | $ | 0.50 |

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