Advance Auto Parts 2015 Annual Report Download - page 83

Download and view the complete annual report

Please find page 83 of the 2015 Advance Auto Parts annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 112

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112

ADVANCE AUTO PARTS, INC. AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
January 2, 2016, January 3, 2015 and December 28, 2013
(in thousands, except per share data)
F-29
The following table illustrates the computation of basic and diluted earnings per share for 2015, 2014 and 2013,
respectively:
2015 2014 2013
Numerator
Net income applicable to common shares $ 473,398 $ 493,825 $ 391,758
Participating securities’ share in earnings (1,653)(1,555)(895)
Net income applicable to common shares $ 471,745 $ 492,270 $ 390,863
Denominator
Basic weighted average common shares 73,190 72,932 72,930
Dilutive impact of share-based awards 543 482 484
Diluted weighted average common shares 73,733 73,414 73,414
Basic earnings per common share
Net income applicable to common stockholders $ 6.45 $ 6.75 $ 5.36
Diluted earnings per common share
Net income applicable to common stockholders $ 6.40 $ 6.71 $ 5.32
13. Income Taxes:
Provision for Income Taxes
Provision for income taxes for 2015, 2014 and 2013 consists of the following:
Current Deferred Total
2015
Federal $ 242,801 $ (6,564) $ 236,237
State 33,023 (1,797) 31,226
Foreign 12,885 (858) 12,027
$ 288,709 $ (9,219) $ 279,490
2014
Federal $ 204,743 $ 45,389 $ 250,132
State 19,359 4,830 24,189
Foreign 14,999 (1,751) 13,248
$ 239,101 $ 48,468 $ 287,569
2013
Federal $ 202,784 $ (1,898) $ 200,886
State 25,287 (339) 24,948
Foreign 8,806 — 8,806
$ 236,877 $ (2,237) $ 234,640