Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED FINANCIAL INFORMATION (Statements of Comprehensive Income) (Details)

v3.19.2
CONDENSED CONSOLIDATED FINANCIAL INFORMATION (Statements of Comprehensive Income) (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Aug. 03, 2019
Aug. 04, 2018
Aug. 03, 2019
Aug. 04, 2018
Supplemental Condensed Consolidating Statement of Comprehensive Income        
Net sales $ 1,033,689 $ 1,053,267 $ 2,127,408 $ 2,208,778
Cost of sales and occupancy expense 666,703 679,938 1,342,783 1,378,887
Gross profit 366,986 373,329 784,625 829,891
Selling, general and administrative 290,074 300,981 610,670 629,598
Restructure charges 3,869 (3,220) 6,956 44,278
Store pre-opening costs 1,743 1,295 2,969 2,799
Operating income 71,300 74,273 164,030 153,216
Losses on early extinguishments of debt and refinancing costs 1,155 1,835 1,155 1,835
Income before income taxes 30,263 36,169 82,529 82,211
Income taxes 5,716 8,681 20,291 27,838
Net income 24,547 27,488 62,238 54,373
Other comprehensive income, net of tax:        
Foreign currency and interest rate swaps (4,762) 807 (9,588) (6,246)
Comprehensive income 19,785 28,295 52,650 48,127
Michaels Stores [Member]        
Supplemental Condensed Consolidating Statement of Comprehensive Income        
Net sales 1,033,689 1,053,267 2,127,408 2,208,778
Cost of sales and occupancy expense 666,703 679,938 1,342,783 1,378,887
Gross profit 366,986 373,329 784,625 829,891
Selling, general and administrative 289,827 300,734 610,214 629,126
Restructure charges 3,869 (3,220) 6,956 44,278
Store pre-opening costs 1,743 1,295 2,969 2,799
Operating income 71,547 74,520 164,486 153,688
Interest and other expense, net 39,886 36,272 80,355 69,176
Losses on early extinguishments of debt and refinancing costs 1,155 1,835 1,155 1,835
Income before income taxes 30,506 36,413 82,976 82,677
Income taxes 5,774 8,740 20,398 27,951
Net income 24,732 27,673 62,578 54,726
Other comprehensive income, net of tax:        
Foreign currency and interest rate swaps (4,762) 807 (9,588) (6,246)
Comprehensive income $ 19,970 $ 28,480 $ 52,990 $ 48,480