Quarterly report pursuant to Section 13 or 15(d)

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

v3.20.2
CONDENSED CONSOLIDATED FINANCIAL INFORMATION (Statements of Comprehensive Income) (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Aug. 01, 2020
Aug. 03, 2019
Aug. 01, 2020
Aug. 03, 2019
Supplemental Condensed Consolidating Statement of Comprehensive Income        
Net sales $ 1,148,170 $ 1,033,689 $ 1,948,058 $ 2,127,408
Cost of sales and occupancy expense 805,658 666,703 1,383,724 1,342,783
Gross profit 342,512 366,986 564,334 784,625
Selling, general and administrative 289,053 290,074 570,394 610,670
Restructure charges   3,869   6,956
Store pre-opening costs 186 1,743 1,345 2,969
Operating (loss) income 53,273 71,300 (7,405) 164,030
Losses on early extinguishments of debt and refinancing costs   1,155   1,155
Income (loss) before income taxes 15,168 30,263 (80,710) 82,529
Income taxes 22,925 5,716 (9,448) 20,291
Net (loss) income (7,757) 24,547 (71,262) 62,238
Other comprehensive income, net of tax:        
Foreign currency and cash flow hedges 8,960 (4,762) (5,376) (9,588)
Comprehensive income (loss) 1,203 19,785 (76,638) 52,650
Michaels Stores [Member]        
Supplemental Condensed Consolidating Statement of Comprehensive Income        
Net sales 1,148,170 1,033,689 1,948,058 2,127,408
Cost of sales and occupancy expense 805,658 666,703 1,383,724 1,342,783
Gross profit 342,512 366,986 564,334 784,625
Selling, general and administrative 288,803 289,827 569,908 610,214
Restructure charges   3,869   6,956
Store pre-opening costs 186 1,743 1,345 2,969
Operating (loss) income 53,523 71,547 (6,919) 164,486
Interest and other expense, net 38,106 39,886 73,307 80,355
Losses on early extinguishments of debt and refinancing costs   1,155   1,155
Income (loss) before income taxes 15,417 30,506 (80,226) 82,976
Income taxes 22,985 5,774 (9,332) 20,398
Net (loss) income (7,568) 24,732 (70,894) 62,578
Other comprehensive income, net of tax:        
Foreign currency and cash flow hedges 8,960 (4,762) (5,376) (9,588)
Comprehensive income (loss) $ 1,392 $ 19,970 $ (76,270) $ 52,990