| Feb'20 | Feb'19 | Feb'18 | Jan'17 | Jan'16 | Jan'15 | Jan'14 | Jan'13 | Jan'12 | Jan'11 | Jan'10 | Jan'09 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Net sales | |||||||||||
5,323 | 5,238 | 5,264 | 5,193 | 5,190 | 5,177 | 5,124 | 5,212 | 5,159 | 4,952 | 4,726 | 4,645 |
Cost of sales (exclusive of depreciation expense shown separately below) | |||||||||||
3,208 | 3,116 | 3,121 | 3,094 | 3,123 | 3,133 | 3,117 | 3,157 | 3,096 | 2,939 | 2,807 | 2,787 |
Gross margin | |||||||||||
2,114 | 2,121 | 2,142 | 2,099 | 2,067 | 2,043 | 2,007 | 2,054 | 2,063 | 2,012 | 1,919 | 1,857 |
Selling and administrative expenses | |||||||||||
1,823 | 1,778 | 1,723 | 1,730 | 1,708 | 1,699 | 1,664 | 1,639 | 1,629 | 1,576 | 1,532 | 1,523 |
Depreciation expense | |||||||||||
135 | 125 | 117 | 120 | 122 | 119 | 113 | 103 | 90 | 78 | 74 | 78 |
Gain on sale of distribution center | |||||||||||
178 | 0 | 0 | - | - | - | - | - | - | - | 12 | 0 |
Operating profit | |||||||||||
334 | 218 | 301 | 248 | 235 | 224 | 230 | 311 | 343 | 357 | 325 | 254 |
Interest expense | |||||||||||
16 | 10 | 6 | 5 | 3 | 2 | 3 | 4 | 3 | 2 | 1 | 5 |
Other income (expense) | |||||||||||
-0 | -0 | 0 | 1 | -5 | 0 | -0 | 0 | -0 | 0 | 0 | - |
Interest and investment income | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 0 |
Income before income taxes | |||||||||||
317 | 207 | 295 | 244 | 226 | 221 | 226 | 307 | 339 | 355 | 323 | 249 |
Income tax expense | |||||||||||
75 | 50 | 105 | 91 | 83 | 85 | 85 | 117 | 133 | 132 | 121 | 94 |
Income from continuing operations | |||||||||||
- | - | - | - | - | 136 | 141 | 190 | 206 | 222 | 201 | 154 |
Income (loss) from discontinued operations, net of tax (expense) benefit of $(14), $(135), and $13,852, respectively | |||||||||||
- | - | - | - | - | -22 | -15 | -13 | 0 | -0 | -1 | -3 |
Net income and comprehensive income | |||||||||||
242 | 156 | 189 | 152 | 142 | 114 | 125 | 177 | 207 | 222 | 200 | 151 |
Earnings per common share | |||||||||||
Continuing operations | |||||||||||
- | - | - | - | - | 2.49 | 2.46 | 3.18 | 3.02 | 2.87 | 2.47 | 1.91 |
Discontinued operations | |||||||||||
- | - | - | - | - | -0.41 | -0.28 | -0.22 | 0.01 | 0.00 | -0.01 | -0.04 |
Earnings per common share - basic (in dollars per share) | |||||||||||
6.18 | 3.84 | 4.43 | 3.37 | 2.83 | 2.08 | 2.18 | 2.96 | 3.03 | 2.87 | 2.45 | 1.87 |
Earnings per common share - diluted | |||||||||||
Continuing operations | |||||||||||
- | - | - | - | - | 2.46 | 2.44 | 3.15 | 2.97 | 2.83 | 2.44 | 1.89 |
Discontinued operations | |||||||||||
- | - | - | - | - | -0.40 | -0.28 | -0.22 | 0.01 | 0.00 | -0.01 | -0.04 |
Earnings per common share - diluted (in dollars per share) | |||||||||||
6.16 | 3.83 | 4.38 | 3.32 | 2.80 | 2.06 | 2.16 | 2.93 | 2.98 | 2.83 | 2.42 | 1.85 |
Weighted-average common shares outstanding: | |||||||||||
Cash dividends declared per common share | |||||||||||
- | - | - | - | 0.76 | 0.51 | 0.00 | 0.00 | - | - | - | - |