Annual report pursuant to Section 13 and 15(d)

CONDENSED CONSOLIDATED FINANCIAL INFORMATION, Income (Details)

v3.19.1
CONDENSED CONSOLIDATED FINANCIAL INFORMATION, Income (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Feb. 02, 2019
Nov. 03, 2018
Aug. 04, 2018
May 05, 2018
Feb. 03, 2018
Oct. 28, 2017
Jul. 29, 2017
Apr. 29, 2017
Feb. 02, 2019
Feb. 03, 2018
Jan. 28, 2017
Supplemental Condensed Consolidating Statement of Comprehensive Income                      
Net sales $ 1,789,109 $ 1,274,058 $ 1,053,267 $ 1,155,511 $ 1,890,608 $ 1,240,196 $ 1,072,593 $ 1,158,563 $ 5,271,944 $ 5,361,960 $ 5,197,292
Cost of sales and occupancy expense 1,074,285 795,104 679,938 698,948 1,116,072 756,088 670,082 690,929 3,248,276 3,233,171 3,169,476
Gross profit 714,824 478,954 373,329 456,563 774,536 484,108 402,511 467,634 2,023,668 2,128,789 2,027,816
Selling, general and administrative 381,211 340,593 300,981 328,617 419,839 329,298 313,867 327,396 1,351,401 1,390,400 1,308,052
Restructure charges 59,960   (3,220) 47,498         104,238    
Store pre-opening costs                 4,417 2,999 4,484
Operating income 273,230 137,165 74,273 78,943 354,290 153,858 87,982 139,260 563,612 735,390 715,280
Income before income taxes                 417,054 605,741 581,773
Income taxes                 97,509 215,243 203,614
Net income $ 181,403 $ 83,769 $ 27,488 $ 26,885 $ 202,968 $ 79,760 $ 35,562 $ 72,208 319,545 390,498 378,159
Other comprehensive income, net of tax:                      
Foreign currency translation adjustment and other                 (10,898) 10,564 7,832
Comprehensive income                 308,647 401,062 385,991
Michaels Stores                      
Supplemental Condensed Consolidating Statement of Comprehensive Income                      
Net sales                 5,271,944 5,361,960 5,197,292
Cost of sales and occupancy expense                 3,248,276 3,233,171 3,169,476
Gross profit                 2,023,668 2,128,789 2,027,816
Selling, general and administrative                 1,350,371 1,389,334 1,305,855
Restructure charges                 104,238    
Store pre-opening costs                 4,417 2,999 4,484
Operating income                 564,642 736,456 717,477
Interest and other expense                 146,572 129,657 133,529
Income before income taxes                 418,070 606,799 583,948
Income taxes                 97,751 215,820 204,247
Net income                 320,319 390,979 379,701
Other comprehensive income, net of tax:                      
Foreign currency translation adjustment and other                 (10,898) 10,564 7,832
Comprehensive income                 $ 309,421 $ 401,543 $ 387,533