v2.4.0.6
Unaudited Quarterly Financial Information
 12 Months Ended
Feb. 02, 2013
Unaudited Quarterly Financial Information
20. Unaudited Quarterly Financial Information

The following table sets forth certain unaudited quarterly consolidated statement of operations information for the fiscal years ended February 2, 2013 and January 28, 2012. The unaudited quarterly information includes all normal recurring adjustments that management considers necessary for a fair presentation of the information shown.

 

     Fiscal Year Ended February 2, 2013      Fiscal Year Ended January 28, 2012  
     1st
Quarter		      2nd
Quarter		      3rd
Quarter(1)		     4th
Quarter(2)		      1st
Quarter		      2nd
Quarter		      3rd
Quarter(3)		      4th
Quarter(4)		  
     (Amounts in millions, except per share amounts)  

Net sales

    $ 2,002.2       $ 1,550.2       $ 1,772.8      $ 3,561.5       $ 2,281.4       $ 1,743.7       $ 1,946.8       $ 3,578.6   

Gross profit

      599.9         519.3         557.4        974.9         620.2         543.2         572.9         943.2   

Operating earnings (loss)

      115.0         34.5         (603.5 )      412.3         131.1         53.6         82.6         302.5   

Consolidated net income (loss) attributable to GameStop Corp.

      72.5         21.0         (624.3 )      261.1         80.4         30.9         53.9         174.7   

Basic net income (loss) per common share

      0.54         0.16         (5.08 )      2.17         0.56         0.22         0.39         1.28   

Diluted net income (loss) per common share

      0.54         0.16         (5.08 )      2.15         0.56         0.22         0.39         1.27   

Dividend declared per common share

      0.15         0.15         0.25        0.25         0.00         0.00         0.00         0.00   

 

The following footnotes are discussed as pretax expenses.

 

(1)

The results of operations for the third quarter of the fiscal year ended February 2, 2013 include goodwill impairments of $627.0 million and asset impairments of $51.8 million.

 

(2)

The results of operations for the fourth quarter of the fiscal year ended February 2, 2013 include asset impairments of $1.9 million.

 

(3)

The results of operations for the third quarter of the fiscal year ended January 28, 2012 include debt extinguishment expense of $0.6 million.

 

(4)

The results of operations for the fourth quarter of the fiscal year ended January 28, 2012 include asset impairments and restructuring charges of $81.2 million and debt extinguishment expense of $0.4 million.