Quarterly report pursuant to Section 13 or 15(d)

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

v3.20.1
CONDENSED CONSOLIDATED FINANCIAL INFORMATION (Statements of Comprehensive Income) (Details) - USD ($)
$ in Thousands
3 Months Ended
May 02, 2020
May 04, 2019
Supplemental Condensed Consolidating Statement of Comprehensive Income    
Net sales $ 799,888 $ 1,093,720
Cost of sales and occupancy expense 578,066 676,080
Gross profit 221,822 417,640
Selling, general and administrative 281,341 320,597
Restructure charges   3,087
Store pre-opening costs 1,159 1,226
Operating (loss) income (60,678) 92,730
(Loss) income before income taxes (95,878) 52,266
Income taxes (32,373) 14,575
Net (loss) income (63,505) 37,691
Other comprehensive income, net of tax:    
Foreign currency and cash flow hedges (14,336) (4,826)
Comprehensive (loss) income (77,841) 32,865
Michaels Stores [Member]    
Supplemental Condensed Consolidating Statement of Comprehensive Income    
Net sales 799,888 1,093,720
Cost of sales and occupancy expense 578,066 676,080
Gross profit 221,822 417,640
Selling, general and administrative 281,105 320,387
Restructure charges   3,087
Store pre-opening costs 1,159 1,226
Operating (loss) income (60,442) 92,940
Interest and other expense, net 35,201 40,469
(Loss) income before income taxes (95,643) 52,471
Income taxes (32,317) 14,624
Net (loss) income (63,326) 37,847
Other comprehensive income, net of tax:    
Foreign currency and cash flow hedges (14,336) (4,826)
Comprehensive (loss) income $ (77,662) $ 33,021