Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED FINANCIAL INFORMATION, Income (Details)

v3.10.0.1
CONDENSED CONSOLIDATED FINANCIAL INFORMATION, Income (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Nov. 03, 2018
Oct. 28, 2017
Nov. 03, 2018
Oct. 28, 2017
Supplemental Condensed Consolidating Statement of Comprehensive Income        
Net sales $ 1,274,058 $ 1,240,196 $ 3,482,835 $ 3,471,352
Cost of sales and occupancy expense 795,104 756,088 2,173,990 2,117,100
Gross profit 478,954 484,108 1,308,845 1,354,252
Selling, general and administrative 340,593 329,298 970,191 970,561
Restructure charge     44,278  
Store pre-opening costs 1,196 952 3,995 2,592
Operating income 137,165 153,858 290,381 381,099
Losses on early extinguishments of debt and refinancing costs     1,835  
Income before income taxes 99,488 121,400 181,699 285,844
Income taxes 15,719 41,640 43,557 98,314
Net income 83,769 79,760 138,142 187,530
Other comprehensive income, net of tax:        
Foreign currency translation adjustment and other 3,016 (4,418) (3,230) 4,254
Comprehensive income 86,785 75,342 134,912 191,784
Michaels Stores        
Supplemental Condensed Consolidating Statement of Comprehensive Income        
Net sales 1,274,058 1,240,196 3,482,835 3,471,352
Cost of sales and occupancy expense 795,104 756,088 2,173,990 2,117,100
Gross profit 478,954 484,108 1,308,845 1,354,252
Selling, general and administrative 340,375 328,855 969,500 969,793
Restructure charge     44,278  
Store pre-opening costs 1,196 952 3,995 2,592
Operating income 137,383 154,301 291,072 381,867
Interest and other expense 37,680 32,460 106,857 95,261
Losses on early extinguishments of debt and refinancing costs     1,835  
Income before income taxes 99,703 121,841 182,380 286,606
Income taxes 15,771 41,806 43,722 98,601
Net income 83,932 80,035 138,658 188,005
Other comprehensive income, net of tax:        
Foreign currency translation adjustment and other 3,016 (4,418) (3,230) 4,254
Comprehensive income $ 86,948 $ 75,617 $ 135,428 $ 192,259