Advance Auto Parts 2007 Annual Report Download - page 97

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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 29, 2007, December 30, 2006 and December 31, 2005
(in thousands, except per share data)
The accompanying notes to the condensed parent company financial information
are an integral part of this schedule.
2007 2006 2005
Selling, general and administrative expenses 166$ 165$ 165$
Loss before benefit for income taxes (166) (165) (165)
Income tax benefit (60) (58) (59)
Loss before equity in earnings of subsidiaries (106) (107) (106)
Equity in earnings of subsidiaries 238,423 231,425 234,831
Net income 238,317$ 231,318$ 234,725$
Net income per basic share 2.30$ 2.18$ 2.17$
Net income per diluted share 2.28$ 2.16$ 2.13$
Average common shares outstanding 103,826 106,129 108,318
Dilutive effect of share-based compensation 828 995 1,669
Average common shares outstanding - assuming dilution 104,654 107,124 109,987
For the Years Ended
F-38