Item 6. SELECTED CONSOLIDATED FINANCIAL DATA

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Item 6. SELECTED CONSOLIDATED FINANCIAL DATA

The selected consolidated financial data set forth below is derived from our consolidated financial statements and should be read in conjunction with our consolidated financial statements for the years ended January 28, 2018, January 29, 2017, January 31, 2016, February 1, 2015 and February 2, 2014. The consolidated statement of operations and comprehensive income data for each of the years ended January 28, 2018, January 29, 2017 and January 31, 2016 and the consolidated balance sheet data as of January 28, 2018 and January 29, 2017 is derived from, and qualified by reference to, our audited consolidated financial statements and related notes appearing elsewhere in this Annual Report.



	Fiscal Year Ended
	January 28, 2018		January 29, 2017		January 31, 2016			February 1, 2015			February 2, 2014
	(In thousands, except per share data)
Consolidated statement of operations and comprehensive income data:
Net revenue	$	2,649,181	$	2,344,392	$	2,060,523		$	1,797,213		$	1,591,188
Cost of goods sold	1,250,391		1,144,775		1,063,357			883,033			751,112
Gross profit	1,398,790		1,199,617		997,166			914,180			840,076
Selling, general and administrative expenses	904,264		778,465		628,090			538,147			448,718
Asset impairment and restructuring costs	38,525		—		—			—			—
Income from operations	456,001		421,152		369,076			376,033			391,358
Other income (expense), net	3,997		1,577		(581		)	7,102			5,768
Income before income tax expense	459,998		422,729		368,495			383,135			397,126
Income tax expense	201,336		119,348		102,448			144,102			117,579
Net income	$	258,662	$	303,381	$	266,047		$	239,033		$	279,547

Other comprehensive income (loss), net of tax:
Foreign currency translation adjustment	58,577		36,703		(64,796		)	(105,339		)	(89,158		)
Comprehensive income	$	317,239	$	340,084	$	201,251		$	133,694		$	190,389

Basic earnings per share	$	1.90	$	2.21	$	1.90		$	1.66		$	1.93
Diluted earnings per share	$	1.90	$	2.21	$	1.89		$	1.66		$	1.91
Basic weighted-average number of shares outstanding	135,988		137,086		140,365			143,935			144,913
Diluted weighted-average number of shares outstanding	136,198		137,302		140,610			144,298			146,043



	As of
	January 28, 2018		January 29, 2017		January 31, 2016		February 1, 2015		February 2, 2014
	(In thousands)
Consolidated balance sheet data:
Cash and cash equivalents	$	990,501	$	734,846	$	501,482	$	664,479	$	698,649
Inventories	329,562		298,432		284,009		208,116		188,790
Total assets	1,998,483		1,657,541		1,314,077		1,296,213		1,252,388
Total stockholders' equity	1,596,960		1,359,973		1,027,482		1,089,568		1,096,682

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