Aarons 2007 Annual Report Download - page 20

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18
Selected Financial Information . . 19
Management’s Discussion and
Analysis of Financial Condition
and Results of Operations . . 20–28
Consolidated Balance Sheets . . . 29
Consolidated Statements
of Earnings . . . . . . . . . . . . . . . . 30
Consolidated Statements of
Shareholders’ Equity . . . . . . . . . 30
Consolidated Statements
of Cash Flows . . . . . . . . . . . . . . 31
Notes to Consolidated
Financial Statements . . . . . . 32–43
Management Report
on Internal Control Over
Financial Reporting . . . . . . . . . . 44
Reports of Independent
Registered Public
Accounting Firm . . . . . . . . . 44–45
Financial Contents
is a mature industry with some cyclical characteristics
but remains a solid generator of profits and cash flow.
MacTavish Furniture Industries
The Company operates seven furniture plants and five
bedding facilities that manufacture custom-designed
residential and office furniture. The ability to control
quality, durability, styling and cost through our own
manufacturing facilities is a competitive advantage.
The MacTavish division supplies the majority of the
Company’s upholstered furniture (such as sofas,
sofa beds, chairs and modular sofa collections)
and bedding needs.
Aaron’s Community Outreach Program
Aaron’s strives to be a good corporate citizen in
our customers’ communities through sponsorships,
volunteer efforts and charitable contributions. The
Aaron’s Community Outreach Program (ACORP)
empowers each store, based on achievement of
performance goals, to earn money to donate to local
charities selected by the associates of the store.
Over the years, ACORP has supported a wide range
of organizations including Boys and Girls Clubs,
Toys for Tots, the Make-A-Wish Foundation and
various hurricane relief efforts. Since 1999, ACORP
has donated over $2.5 million to worthy causes
in the communities served by Aaron’s stores,
a tangible expression of the spirit of giving of
Aaron’s associates.