Advance Auto Parts 2006 Annual Report Download - page 101

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ADVANCE AUTO PARTS, INC.
SCHEDULE I – CONDENSED FINANCIAL INFORMATION OF THE REGISTRANT
Condensed Parent Company Statements of Operations
For the Years Ended December 30, 2006, December 31, 2005 and January 1, 2005
(in thousands, except per share data)
The accompanying notes to condensed parent company financial information
are an integral part of this schedule.
2006 2005 2004
Selling, general and administrative expenses 165$ 165$ 166$
Loss before (benefit) provision for income taxes (165) (165) (166)
Income tax (benefit) provision (58) (59) 635
Loss before equity in earnings of subsidiaries (107) (106) (801)
Equity in earnings of subsidiaries 231,425 234,831 188,789
Net income 231,318$ 234,725$ 187,988$
Net income per basic share 2.18$ 2.17$ 1.70$
Net income per diluted share 2.16$ 2.13$ 1.66$
Average common shares outstanding 106,129 108,318 110,846
Dilutive effect of stock options 995 1,669 2,376
Average common shares outstanding - assuming dilutio
n
107,124 109,987 113,222
For the Years Ended
F-38