Aarons 2011 Annual Report Download - page 26

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Year Ended Year Ended Year Ended
December 31, December 31, December 31,
(In Thousands, Except Per Share) 2011 2010 2009
REVENUES:
Lease Revenues and Fees $1,516,508 $1,402,053 $1,310,709
Retail Sales 38,557 40,556 43,394
Non-Retail Sales 388,960 362,273 327,999
Franchise Royalties and Fees 63,255 59,112 52,941
Other 16,769 12,853 17,744
2,024,049 1,876,847 1,752,787
COSTS AND EXPENSES:
Retail Cost of Sales 22,738 23,013 25,730
Non-Retail Cost of Sales 353,745 330,918 299,727
Operating Expenses 872,248 824,929 771,634
Lawsuit Expense 36,500 — —
Depreciation of Lease Merchandise 550,732 504,105 474,958
Interest 4,709 3,096 4,299
1,840,672 1,686,061 1,576,348
Earnings From Continuing
Operations Before Income Taxes 183,377 190,786 176,439
Income Taxes 69,610 72,410 63,561
Net Earnings From
Continuing Operations 113,767 118,376 112,878
Loss From Discontinued
Operations, Net of Tax — — (277)
Net Earnings $ 113,767 $ 118,376 $ 112,601
Earnings Per Share From
Continuing Operations $ 1.46 $ 1.46 $ 1.39
Earnings Per Share From Continuing
Operations Assuming Dilution 1.43 1.44 1.38
Earnings Per Share From
Discontinued Operations .00 .00 .00
Loss Per Share From Discontinued
Operations Assuming Dilution .00 .00 (.01)
The accompanying notes are an integral part of the Consolidated Financial Statements.
CONSOLIDATED STATEMENTS OF EARNINGS
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