| Schedule of segment reporting information, by segment |
The following tables summarize certain segment information, including the reconciliation of those items to the Company’s consolidated operations: | | | | | | | | | | | | | Three Months Ended May 3, 2025 | | (in thousands of dollars) | | Retail Operations | | Construction | | Consolidated | | Net sales from customers | | $ | 1,467,937 | | $ | 67,290 | | $ | 1,535,227 | | Elimination of intersegment revenues | | | - | | | (6,364) | | | (6,364) | | Net sales from external customers | | | 1,467,937 | | | 60,926 | | | 1,528,863 | | | | | | | | | | | | | Reconciliation of revenue | | | | | | | | | | | Service charges and other income | | | 18,082 | | | 26 | | | 18,108 | | Total net sales and service charges and other income | | | 1,486,019 | | | 60,952 | | | 1,546,971 | | | | | | | | | | | | | Less: (a) | | | | | | | | | | | Cost of sales | | | 799,672 | | | 58,019 | | | 857,691 | | Payroll expense (b) | | | 263,360 | | | 1,580 | | | 264,940 | | Depreciation and amortization | | | 44,413 | | | 72 | | | 44,485 | | Rentals | | | 4,539 | | | 57 | | | 4,596 | | Interest and investment income | | | (10,950) | | | (210) | | | (11,160) | | Interest and debt expense | | | 10,338 | | | - | | | 10,338 | | Other segment items (c) | | | 161,789 | | | 595 | | | 162,384 | | Income before income taxes | | $ | 212,858 | | $ | 839 | | | 213,697 | | Income taxes | | | | | | | | | 49,880 | | Net income | | | | | | | | $ | 163,817 | | | | | | | | | | | | | Gross margin (d) | | $ | 668,265 | | $ | 2,907 | | $ | 671,172 | | Gross margin percentage | | | 45.5 | % | | 4.8 | % | | 43.9 | % | | | | | | | | | | | | Total assets | | $ | 3,828,525 | | $ | 78,499 | | $ | 3,907,024 | | Capital expenditures | | $ | 16,820 | | $ | 33 | | $ | 16,853 | |
| (a) | The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. |
| (b) | Payroll expense does not include amounts capitalized on the balance sheet or included within other expense categories. |
| (c) | Other segment items for each reportable segment includes: |
●All selling, general and administrative expenses other than payroll expense ●Other expense ●Gain on disposal of assets | (d) | The calculation of gross margin is net sales from external customers less cost of sales. |
| | | | | | | | | | | | | Three Months Ended May 4, 2024 | | (in thousands of dollars) | | Retail Operations | | Construction | | Consolidated | | Net sales from customers | | $ | 1,492,643 | | $ | 65,839 | | $ | 1,558,482 | | Elimination of intersegment revenues | | | - | | | (9,431) | | | (9,431) | | Net sales from external customers | | | 1,492,643 | | | 56,408 | | | 1,549,051 | | | | | | | | | | | | | Reconciliation of revenue | | | | | | | | | | | Service charges and other income | | | 23,659 | | | 99 | | | 23,758 | | Total net sales and service charges and other income | | | 1,516,302 | | | 56,507 | | | 1,572,809 | | | | | | | | | | | | | Less: (a) | | | | | | | | | | | Cost of sales | | | 803,458 | | | 54,367 | | | 857,825 | | Payroll expense (b) | | | 266,694 | | | 1,993 | | | 268,687 | | Depreciation and amortization | | | 46,051 | | | 68 | | | 46,119 | | Rentals | | | 4,961 | | | 63 | | | 5,024 | | Interest and investment income | | | (13,321) | | | (244) | | | (13,565) | | Interest and debt expense | | | 10,033 | | | - | | | 10,033 | | Other segment items (c) | | | 163,220 | | | 658 | | | 163,878 | | Income before income taxes | | $ | 235,206 | | $ | (398) | | | 234,808 | | Income taxes | | | | | | | | | 54,770 | | Net income | | | | | | | | $ | 180,038 | | | | | | | | | | | | | Gross margin (d) | | $ | 689,185 | | $ | 2,041 | | $ | 691,226 | | Gross margin percentage | | | 46.2 | % | | 3.6 | % | | 44.6 | % | | | | | | | | | | | | Total assets | | $ | 3,863,603 | | $ | 73,553 | | $ | 3,937,156 | | Capital expenditures | | $ | 35,141 | | $ | 34 | | $ | 35,175 | |
| (a) | The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. |
| (b) | Payroll expense does not include amounts capitalized on the balance sheet or included within other expense categories. |
| (c) | Other segment items for each reportable segment includes: |
| ● | All selling, general and administrative expenses other than payroll expense |
| ● | Gain on disposal of assets |
| (d) | The calculation of gross margin is net sales from external customers less cost of sales. |
|