Abercrombie & Fitch 2013 Annual Report Download - page 58

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58
Fiscal Year Ended January 29, 2011 (in thousands, except per share data)
As Reported Effect of Change As Restated
Net Sales $ 3,468,777 $ — $ 3,468,777
Cost of Goods Sold 1,256,596 (5,248) 1,251,348
Gross Profit 2,212,181 5,248 2,217,429
Operating Income 231,932 5,248 237,180
Income from Continuing Operations Before Taxes 228,570 5,248 233,818
Tax Expense for Continuing Operations 78,287 (178) 78,109
Net Income from Continuing Operations 150,283 5,426 155,709
Net Income 150,283 5,426 155,709
Net Income Per Share from Continuing Operations:
Basic $ 1.71 $ 0.06 $ 1.77
Diluted $ 1.67 $ 0.06 $ 1.73
Net Income Per Share:
Basic $ 1.71 $ 0.06 $ 1.77
Diluted $ 1.67 $ 0.06 $ 1.73
Foreign Currency Translation Adjustments 3,399 $ (161) $ 3,238
Other Comprehensive Income (Loss) 2,457 $ (161) $ 2,296
Comprehensive Income 152,740 $ 5,265 $ 158,005
As Reported Effect of Change As Restated
Cash flow from operating activities:
Net Income $ 150,283 $ 5,426 $ 155,709
Deferred Taxes (27,823)(178)(28,001)
Inventories (74,689)(5,180)(79,869)
As a result of the retroactive application of the change in accounting for inventories, the following items in the Company's
Consolidated Balance Sheets have been restated:
January 28, 2012 (in thousands):
As Reported Effect of Change As Restated
Inventories $ 569,818 $ 110,117 $ 679,935
Deferred Income Taxes 77,120 (41,238) 35,882
Total Current Assets 1,488,775 68,879 1,557,654
Total Assets 3,048,153 68,879 3,117,032
Retained Earnings 2,320,571 69,043 2,389,614
Total Stockholders' Equity 1,862,456 68,879 1,931,335
Total Liabilities and Stockholders' Equity 3,048,153 68,879 3,117,032
Table of Contents ABERCROMBIE & FITCH CO.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)