Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED FINANCIAL INFORMATION, Income (Details)

v3.7.0.1
CONDENSED CONSOLIDATED FINANCIAL INFORMATION, Income (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 29, 2017
Jul. 30, 2016
Jul. 29, 2017
Jul. 30, 2016
Supplemental Condensed Consolidating Statement of Comprehensive Income        
Net sales $ 1,072,593 $ 1,060,353 $ 2,231,156 $ 2,219,233
Cost of sales and occupancy expense 670,082 669,656 1,361,012 1,363,785
Gross profit 402,511 390,697 870,144 855,448
Selling, general, and administrative 313,867 302,712 641,263 620,512
Operating income 87,982 87,077 227,241 232,402
Income before income taxes 55,578 55,233 164,444 167,893
Income taxes 20,016 19,616 56,674 61,511
Net income 35,562 35,617 107,770 106,382
Other comprehensive income, net of tax:        
Foreign currency translation adjustment and other 13,944 (4,759) 8,672 9,450
Comprehensive income 49,506 30,858 116,442 115,832
Michaels Stores        
Supplemental Condensed Consolidating Statement of Comprehensive Income        
Net sales 1,072,593 1,060,353 2,231,156 2,219,233
Cost of sales and occupancy expense 670,082 669,656 1,361,012 1,363,785
Gross profit 402,511 390,697 870,144 855,448
Selling, general, and administrative 313,473 302,146 640,938 619,411
Other operating expense 662 908 1,640 2,534
Operating income 88,376 87,643 227,566 233,503
Interest and other expense 32,405 31,849 62,801 64,519
Income before income taxes 55,971 55,794 164,765 168,984
Income taxes 20,162 19,825 56,795 61,917
Net income 35,809 35,969 107,970 107,067
Other comprehensive income, net of tax:        
Foreign currency translation adjustment and other 13,944 (4,759) 8,672 9,450
Comprehensive income $ 49,753 $ 31,210 $ 116,642 $ 116,517