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v3.21.1

PROPERTY AND EQUIPMENT (Details) $ in Thousands | 3 Months Ended | 12 Months Ended
--- | --- | ---
Jan. 30, 2021 USD ($) | Feb. 01, 2020 USD ($) | Jan. 30, 2021 USD ($) | Feb. 01, 2020 USD ($) | Feb. 02, 2019 USD ($)
Property, Plant and Equipment [Line Items] |  |  |  |  |  |
numberofstorestestedforimpairment | 749 |  |  | 749 |  | 972
net book value |  | $ 65,000 |  |  | $ 65,000 | $ 81,400
Less accumulated depreciation and amortization | $ (671,340) | (712,576) |  | $ (671,340) | (712,576) |
Property and equipment, net | 181,801 | 236,898 |  | 181,801 | 236,898 |
Asset impairment charges | 598 | 4,731 | [1] | 38,527 | $ 6,039 | $ 6,096
Number of underperforming stores |  |  |  |  | 29 | 11
Land and land improvements |  |  |  |  |  |
Property, Plant and Equipment [Line Items] |  |  |  |  |  |
Property and equipment, gross | 3,403 | 3,403 |  | 3,403 | $ 3,403 |
Building and improvements |  |  |  |  |  |
Property, Plant and Equipment [Line Items] |  |  |  |  |  |
Property and equipment, gross | 36,133 | 35,568 |  | 36,133 | 35,568 |
Material handling equipment |  |  |  |  |  |
Property, Plant and Equipment [Line Items] |  |  |  |  |  |
Property and equipment, gross | 58,034 | 53,540 |  | 58,034 | 53,540 |
Leasehold improvements |  |  |  |  |  |
Property, Plant and Equipment [Line Items] |  |  |  |  |  |
Property and equipment, gross | 216,989 | 285,955 |  | 216,989 | 285,955 |
Store fixtures and equipment |  |  |  |  |  |
Property, Plant and Equipment [Line Items] |  |  |  |  |  |
Property and equipment, gross | 226,404 | 272,158 |  | 226,404 | 272,158 |
Capitalized software |  |  |  |  |  |
Property, Plant and Equipment [Line Items] |  |  |  |  |  |
Property and equipment, gross | 296,967 | 265,610 |  | 296,967 | 265,610 |
Construction in progress |  |  |  |  |  |
Property, Plant and Equipment [Line Items] |  |  |  |  |  |
Property and equipment, gross | $ 15,211 | $ 33,240 |  | $ 15,211 | $ 33,240 |
[1] |
|  | Fiscal Year Ended February 1, 2020
|  | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
|  | (in thousands, except earnings per share)
Net sales |  | $ | 412,382 |  |  | $ | 420,470 |  |  | $ | 524,796 |  |  | $ | 513,019 |
Gross profit |  | 151,976 |  |  | 138,846 |  |  | 198,125 |  |  | 166,358 |
Selling, general, and administrative expenses |  | 128,006 |  |  | 116,417 |  |  | 120,514 |  |  | 113,183 |
Asset impairment charges |  | 348 |  |  | 121 |  |  | 839 |  |  | 4,731 |
Other (income) costs |  | — |  |  | — |  |  | — |  |  | — |
Depreciation and amortization |  | 18,584 |  |  | 18,472 |  |  | 18,821 |  |  | 18,911 |
Operating income |  | 5,038 |  |  | 3,836 |  |  | 57,951 |  |  | 29,533 |
Income before provision for income taxes |  | 3,327 |  |  | 1,558 |  |  | 55,796 |  |  | 27,736 |
Provision (benefit) for income taxes |  | (1,163) |  |  | 35 |  |  | 12,748 |  |  | 3,497 |
Net income |  | $ | 4,490 |  |  | $ | 1,523 |  |  | $ | 43,048 |  |  | $ | 24,239 |
Diluted earnings per share |  | $ | 0.28 |  |  | $ | 0.10 |  |  | $ | 2.77 |  |  | $ | 1.61 |
Diluted weighted average common shares outstanding |  | 16,107 |  |  | 15,859 |  |  | 15,546 |  |  | 15,101 |
Cash dividends declared and paid per common share |  | $ | 0.56 |  |  | $ | 0.56 |  |  | $ | 0.56 |  |  | $ | 0.56 |

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