American Eagle Outfitters 2001 Annual Report Download - page 52

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AE Notes to Consolidated Financial Statements
51
Restricted Stock Grants
The Company maintains a restricted stock plan for compensating certain employees. Through February 2, 2002, a total of 2,503,233 shares of restricted
stock had been granted at prices ranging from $0.93 to $35.30, and, through Fiscal 2001, a total of 2,315,538 shares have vested.
For Fiscal 2001, Fiscal 2000, and Fiscal 1999, the Company recorded $2.5 million, $5.9 million, and $4.5 million in compensation expense, respectively,
on restricted stock.
Note 14. Quarterly Financial Information—Unaudited
Quarters ended(1) May 5, 2001 Aug 4, 2001 Nov 3, 2001 Feb 2, 2002
in thousands, except per share amounts
Net sales $251,548 $292,392 $363,659 $464,300
Gross profit $101,870 $107,989 $149,539 $187,970
Income before income taxes $25,126 $23,730 $49,579 $70,810
Net income $15,545 $15,306 $30,742 $43,902
Basic income per common share $0.22 $0.21 $0.43 $0.61
Diluted income per common share $0.21 $0.21 $0.42 $0.60
Apr 29, 2000 Jul 29, 2000 Oct 28, 2000 Feb 3, 2001
Net sales $177,999 $208,977 $282,767 $423,734
Gross profit $70,056 $63,590 $120,079 $182,500
Income before income taxes $20,771 $4,570 $47,912 $79,547
Net income $12,608 $2,777 $29,226 $49,147
Basic income per common share(2) $0.18 $0.04 $0.42 $0.71
Diluted income per common share(2) $0.17 $0.04 $0.41 $0.68
(1) Quarters are presented in 13-week periods consistent with the Company’s fiscal year discussed in Note 2 of the Consolidated Financial Statements, except for
the fourth quarter ended February 3, 2001, which is presented as a 14-week period. (2) Net income per share amounts have been restated to reflect the three-for-two
stock split from February 2001.